Member Info for LWHL

We just need price discovery in the PM market. Hopefully one day soon anyway.

My trading tranche got stopped out. Buttons profit really, but have too many of these in the long term pot to apply too much patience with side pots in this one.

Retook a position in Newmont yesterday. Been in and out of that one a few times. Hopefully Jerome will excite the market later, to drive that one up to my target price. Ideally before earnings. Happy to sit tight in that one if needed though. Sensible allocation there, unlike this one currently :)

I can see a potential trade or two before that scenario; obviously feasible bounces here and there, depending on what the Fed says, rate cut talk etc, but I would have expected to have seen some inside buying by now.

I mean, if they do not put their hands in their pockets at these prices, then why should anyone else?

It's a shame, because he sometimes comes out with some fair points. Nothing wrong with sharing different ideas and opinions, after all.

If he can learn to control his impulsive responses to disagreements, then it will probably be as much to his own benefit as others.

Anyway, looks like you got in a bit too early, for once, Mary.

Good to know you make mistakes occasionally too :) You are still a better trader than me though (which is not difficult, granted!), but I did have another look at this one after I saw you had taken a position.

Hope it comes good for you and your fellow holders here. It is on my radar, but I still do not fancy it right now.

Which probably means the bottom is in! GLA.

I thought it was a good update too. Took a small, opening position the other day, and added another small tranche yesterday.

So, blame me for the SP reacting like the update was poor! GLA.

Just in line with the market pull back (if you can even call it that), IMO.

J Powell is speaking later today. Given the central bankers seem to have so much influence on the direction of the stock markets these days, expect to see either a further drop, or perhaps a decent rise, later today/tomorrow, based on his words...or at least how the markets read them, IMO.

We have had a very strong run since November.

I did not think we would have got back into the 90's before the next update (otherwise I would have kept my trading tranche for longer!); throw in the lack of news on a potential sale (not an issue, as far as I am concerned, but nevertheless), and the statistical under-performance of the stock markets in February (virtually there now), and you can see the logic of profit taking for those who have, IMO.

But we might get another run up into that update, of course. We are still above the 50 DMA, and if the market likes the next Fed speech (tomorrow) we could easily be back above the 200 DMA in a heartbeat.

Try not to worry, mate. (No advice in any direction though, naturally). GLA.

Or it could be the new declared short - ActusRayPartners Limited - listed as yesterday, but only just on short tracker now (I did not see it this morning anyway). GLA.

It is the extremely small free float that makes this one move like thunder (in either direction!) periodically.

Part of its charm, warts and all :)

I have been pondering the move yesterday, relative to all the other silver miners in the same window. I thought it was probably an II adding a small allocation (all relative of course).

If it was that ETF you cite, that will almost certainly explain it.

As long as we get another silver run, then this will almost certainly fly. 10% plus days here easy, from historical precedent.

No inside buying, no bounce and the chart looks weak, IMO, too.

Maybe a retest of that low 360's level might give a double bottom and then a slow ascent back up from there?

I think low 300's might be tempting for a short trade, but it may not happen of course. Not one for me, right now, either way. GLA.

They might be right. That RNS looks like a 'wow' to me, but I am a somewhat jaded holder here, so not used to positive sentiment with this one :)

What do others think?

Well, in that case, it probably means it is still loss-making, IMO.

I would go as far to say that I would find it inconceivable that they would not use the word 'profit' in relation to TT if it were so.

Anyway, I remain interested in what the new CEO says once he has settled in.

He has certainly got a nice welcome package! - but if he turns this outfit around properly, then it will likely provide fair value for the shareholders. Like I said before, I hope so, because I would be delighted to rejoin here. GLA.

From the outside looking in, it does not look good to me either, although hopefully he will start posting here again soon, now he will presumably be free to do so.

Maybe. Given how the miners across the Pond are doing today so far, it makes this sustained rally all the more impressive.

Blimey. Some big buy and sell trades taking place today.

I had a buy order for around 79p that I see has hit, but feels like I should have set it lower!

Will take some more if we return to those low 70's that my original plan was. And seemingly which I should have stuck to. Hey ho.

I very briefly glanced over that RNS. Does it include a strike price, or are they his, come what may?

You in now, Pokerchips? I took a few for a side pot trade today. Looking for around 600p for those ones. Now watch this bugger collapse! :)

Probably harder to manipulate the price of U than PM's too, although hopefully we will see real price discovery in PM's before too much longer as well. Especially silver.

I think it was from RR that I first heard about silver being the only commodity that had not put in a new ATH for over 30 years. That was back in 2020 I think.

From memory, it was 2021 ish where he described FRES as being 'cheap but opaque'. I would certainly be happy if this one put in a rise like it did a few years ago. Got a boat load of these :)

Big fan of RR as well. Also made some nice profits from the U trade, although sold out too soon really.

For silver and PM miners generally, I can absolutely see similar prospects, although they must get/keep costs under control. As I said the other week or so, AISC's are key. Sooner or later, the miners need to start generating serious profit to justify high multiples of where we currently are.

Otherwise, we are reliant on a pump/bubble/crowded trading frenzy, which will dissipate as quickly as it rises.

Lots of US-listed mining updates in February. See how they go. GLA.

If TT was profitable, IMO they would have been highlighting that (shouting it from the rooftops) in the recent RNS.

Typically, when a company only mentions revenue growth, it usually means that it is loss making, in my experience.

Happy to hear differently, if anyone here can dispute that TT is not profitable at the time of print.

As for the core business: rising costs and reduced revenue, from what I can see, but still a cash machine.

If the new boss can make some sensible changes, appropriate further cost cutting and make TT profitable, then no reason why this cannot become a stock market darling IMO.

FCF still good. The platform itself IMO remains excellent and strong leadership should fix the issues, to my mind.

But - let's see what the new boss has to say, once he has joined, and gives his first market update. GLA.

Well, Jim Cramer appears to have tipped PAAS and Barrick recently.

Which, as I hold both of them (in addition to this one of course) quite frankly, unnerves me :)