Member Info for ocelot

Another prominent investor backing gold, John Paulson. Extract from an interview with him on Bloomberg:

After you made your famous trade (against the US housing market during the financial crisis), you bought a lot of gold, or gold futures, and you were called by some a gold bug. Gold’s now about $1,700 an ounce. Do you think that gold is a good investment at this price?

Yeah, we do. We believe that gold does very well in times of inflation. The last time gold went parabolic was in the 1970s, when we had two years of double-digit inflation.

The reason why gold goes parabolic is that basically there’s a very limited amount of investable gold. It’s on the order of several trillion dollars, while the total amount of financial assets is closer to $200 trillion. So as inflation picks up, people try and get out of fixed income. They try and get out of cash. And the logical place to go is gold. But because the amount of money trying to move out of cash and fixed income dwarfs the amount of investable gold, the supply and demand imbalance causes gold to rise...

The money supply was up about 25% last year and the best indicator of inflation is money supply. So I think we have inflation coming well in excess of what the current expectations are.

https://www.bloomberg.com/news/articles/2021-08-30/is-bitcoin-a-good-investment-billionaire-paulson-says-crypto-worthless-bubble?sref=Em01M8Hr

From google:
Capital Gains Tax is exempt on all British legal currency. ... CGT is payable on all other gold and silver coins which were not produced by The Royal Mint and have no standing as legal tender in the UK. All gold and silver bullion bars are taxable with CGT, so this can be an important consideration for large investors.

What could produce some good fortune?

Permissions re the conversion of HH-2z into a water injector.
Their appeal against the Loxley decision being upheld.
Far more improbably, a favourable initial decision from the Isle of Wight planning committee.
Signs the seismic data collection for Basur-3 is advancing satisfactorily.

Broadford Bridge, non-commercial, oil failed to flow
HH-2z, non-commercial, water ingress
Basur-3, drill postponed for collection of seismic data

Bad things come in threes, UKOG is overdue some good fortune.

.

Veteran investor Mark Mobius said investors should have 10% of a portfolio in gold as currencies will be devalued following the unprecedented stimulus rolled out to fight the coronavirus pandemic.

At this stage, “10% should be put into physical gold,” said Mobius, who set up Mobius Capital Partners after more than three decades at Franklin Templeton Investments. “Currency devaluation globally is going to be quite significant next year given the incredible amount of money supply that has been printed.” ...

https://www.bloomberg.com/news/articles/2021-08-30/mobius-says-hold-10-in-gold-as-currencies-set-to-be-devalued?sref=Em01M8Hr

The Mississippi River is flowing in reverse in southeastern Louisiana as Hurricane Ida forces vast volumes of sea water ashore, according to flood-control authorities. (Bloomberg)

Yesterday, I noticed UJO and had come off so, unusually for myself, took a look at their board.

To my surprise, some posters were talking of taking money out of UJO and putting it into UKOG!

Top performing sector: Industrial Metals

Top performing share within sector: Alba Mineral Resources + 6.12%

I'll correct that, the Aquis trades are not all buys! but the most recent, at 15:42, was for 2.4m at 0.267p.

There IS some volume, there's another 9.4m on Aquis, all buys.

Whether the IPO is launched in very late August or in early September, we know it is imminent and that the most important thing is that it be a success.

Wishing Alba's management team and investors and Greenroc Mining all the best for the IPO.

Been checking the nrprivatemarket.com site to see if there's any change, but they are still showing "AIM Admission in August 2021" (under "Experienced, senior management team ...").

It won't be until the first full trading week in September that most operators will be back in front of their screens, so we'll just have to wait upon developments.

https://lounge.nrprivatemarket.com/greenroc/

Last trading session of the Summer, so quiet, although, with the Bank holiday on Monday, it may not be until the first full trading week of September that everybody is back at their desks (well, in front of their screens anyway!).

How big was the demand for EVs in 2007?

... Of all the labor shortages that are wreaking havoc on the U.S. economy -- from cashiers to chefs -- few are as thorny or potentially as permanent as the one that has a grip on the oil sector. Thousands of roughnecks and engineers are, like Guidry, Mishra and Crum, wary of returning to jobs like the ones they lost when the pandemic sent the price of crude oil crashing last year.

It doesn't help that oil producers, trying to display a newfound financial discipline to their frustrated Wall Street backers, are hesitant to offer the signing bonuses and double-digit pay hikes that have become commonplace in other industries. Average pay in the Permian shale basin of West Texas and New Mexico remains below pre-Covid levels. All of which, analysts say, could add up to a cap on production in the Permian and other shale formations that collectively pump out more than two-thirds of all U.S. oil. Drillers may be promising to avoid rushing back into expansion mode -- as part of that same pledge to Wall Street -- but the lack of workers frankly gives them no choice...

Interview with BlackRock's Evy Hambro on Bloomberg:

BlackRock sees above-average expectations for most commodities demand growth lasting at least 10 years or even longer.

Odd time to express negative opinions, when the IPO of Greenroc Mining could be announced any time and we are all hoping for news of the de-watering permit any time, too.

Will depend upon a CPR.

Natural gas prices remain very high: Dec 21 is at 120.600p

Loxley isn't there yet, but the economics of Loxley must be looking pretty exciting at the present time, so this is a project for which debt finance may eventually become available.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5101980