Member Info for oilmanmike

4% now

Moex up 2% odd

Do not call be Bud.

LoL "I am not here to invest" says it all really.
you must think we are fools. This is a serious business.
you would do well to remember that. Cos at the moment you
are making a fool of yourself.

fossil why are you even here then?

PLZLq
could be an error I guess

PLZLr
previous close 3.9
open 68.5
vol 6120

on my screen

I believe they are balancing weightings after redemptions.
They voted to continue the fund around a week into the war.

Surgutneftegaz ADR also up over 500%. We do not hold but it is the writing on the wall IMO.

they were selling due to redemptions in their emerging markets funds where they hold JRS as exposure to Russian Equity.
If there is a ceasefire and this is sorted out diplomatically the sanctions will be lifted and JRS will look as cheap as chips,
If anything they may well increase weighting.

Has anybody noticed Polyus in which we have £3m invested. The PAO is up 1.4% at 12,220 Rouble which is 96p
The London price is up 1000% at 65p in London today and still stands at a 30% odd discount to Moscow.

If the MOEX drops 10% tomorrow including the 30% discount all points to 300p here IMO

might as well read this first.
https://www.visualcapitalist.com/everything-you-need-to-know-on-vms-deposits/

WSG here is some homework for you over the weekend.

The Molaoi Pb-Zn-Ag deposit is syngenetically included within the 250-200 Ma ‘Tyros volcanics’. These consist mainly of subaerial andesites with SiO2 ~54-62 wt.%, felsic pyroclastics with SiO2 65-69 wt.% and renown sill lithologies such as the ‘Krokeatis Lithos’, a plagioclase-phyric andesite widely used in the past for the construction of Roman baths. Probable ore reserves are reported to be 2.9 Mt of Zn ~7 wt.%, Pb ~3 wt.% and of Ag up to ~1,500 mg/kg. In the years from 1980 to 1988 approximately 150 exploration drill-holes were drilled, however, Molaoi never developed into a mining area. The core data reveal that mineralization is often stratified and included within felsic tuffs containing SiO2 ~65-69 wt.%. Clear and milky quartz veinlets cross-cut the tuffs and interbedded chert layers are commonly observed mineralized. Fluid inclusion data were obtained from mineralized chert, mineralized clear-quartz vein, clear-quartz vein containing pyrite and from brown and
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yellow sphalerite. Fluid inclusion microthermometry suggests that the hydrothermal ores were deposited from low-temperature (maximum 190o to 230oC) and low- to moderate-salinity (0.7 to 23.1 wt.% NaCl equivalent) mineralizing fluids. The Molaoi volcanic units display extensive alteration to epidote, chlorite, kaolin and hematite. The dH2O versus dD plot constructed from alteration chlorite data indicates that the hydrothermal fluid is mixing product of magmatic fluids and meteoric waters; oxygen isotope data from mineralized clear-quartz vein support the dual, magmatic-meteoric, origin of the fluid. Calculated dH2S compositions indicate magmatic origin of sulfur. Pb isotopes, He isotopes and He-Ar isotope distributions indicate a mantle origin for the ore fluid of the Molaoi mineralization. Major and trace element geochemical data of the ‘Tyros volcanics’ reveal a complex imprint of subduction and rift elements. The palaeoenvironment of the proximal ‘Arna basalts’ is that of an oceanic floor transform fault. The Tyros succession is overlain by shallow water limestones and evaporites. Textures of some of the mineralization and a volcanogenic breccia are indicative of debris-flows. A rift-related palaeoenvironment with periodic inundation cycles of a shallow sea is alluded to. The whole Tyros and Arna packages are probably related to the separation of the Cimmerian microcontinent from Pangaea and its subsequent subduction under Laurasia. Molaoi is compared to the Salton Sea metallogenetic environment.

Gazprom which is 17% of PF is up 15%
other big holdings strongly up are Rosneft up 10%
Retail sector is up 8% odd
VTB Bank is up 10%.
In total approx 50% of the JRS portfolio is up 10%
the balance is up 5% odd in line with the MOEX.

I did the same calculation when the market was trading in selected
shares assuming the rest were down in Sterling terms and came up with 401p
and that was on Monday.
I would say we can add another 7.5% to your 453p, for today, which takes us to
487p. Market opens for foreigners tomorrow so expect a dip, but even 10% from here
is 438p and expect a discount to NAV as well perhaps up to 25%.
I am expecting this to trade at around 300p once they go back to normal pricing.
Although I found the fund had low exposure to ADR's and GDR's they may try and hold
off until these are trading to move to normal pricing, but this IMO is questionable as it
would create a false market for JRS shares.
One last consideration is those with Short positions on Russian ADR/GDR's will need to cover
if a treaty arrives and the ADR/GDR's remain suspended.

Yes Bear the wet season has always been a problem.
Going forward the Greek Zinc will change all that and
IMO will lead to a more stable sp. We can go drilling all
year round now.

If a the chances of a treaty leasing to a ceasefire are receding then why is Oil down 5%

MOEX up 5% so far today, plus another 1.5% on the Rouble.
Not too shabby

"markets don't like investors winning"
How does that work then?

WSG
We are all having a laugh over on the Tele Chat, your bitterness here is more than that from a friend who sold out at the bottom. Hope your mums umbrella wasn't too painful, still at least the Red wine will have helped.

Regarding the JORC status of Copperhead and Plateau you seem to be saying they are already priced in now, which is contrary to what you were saying last week, which was that the markets are not impressed and this was why the SP hadn't performed. The fact is the market requires further detail, however the drilling season is about to start so drilling should restart at Plateau any time now. Then we go back to CopperHead for some step out drills and some deeper holes,Both of which will increase the resource. Geology is the key to understanding the potential size of the Copper Porphyry system over this upcoming drilling season.

When it comes to the Zinc, again you are under researched (you appear to to very little).
The Zinc deposit at Malaoi is readily mineable, if you read past the headline of RNS you can
easily confirm it for yourself, so there are no excuses really.
The deposit is 2.9Mt of ore at 7% Zinc, 3% Lead and 150g/t Silver which all adds up to a lot of value.
Of course, WSK (CJ, Michael D) you ignore this because it does not suit your agenda clearly.
The deposit is shallow and there is an existing 700m slope down to the ore body already there.

I do feel sorry for yours and your Mothers loss, BUT it was on paper only and panic selling is what has
caused your problems. IF you care to take a look around you will see plenty of other AIM resource casualties,
but go course these are ignored as you continue to grind you axe.

you guys crack me up.
Please continue.

the 120,000t CuEq is around 1/10th of the large Copper Porphyry system they have found. They have around £1m cash.
Correct large open pit mine however they plan to sell to a big miner for a percentage. Look at the geology before you make assumptions about the 120,000t Cu.
Plus Gold, Plus the recent Zinc Acquisition which is a table top conversion to a 200,000t Zn JORC 2012 resource which will bee mined a lot sooner that anybody thinks. That is mostly because people do not think much further than the next RNS.

Mick R I went through their portfolio as of 31/1/22 applying MOEX prices to around 80% of PF by value and halved those still not trading. I came up with a NAV of 401.59p.
One interesting point is exposure to the suspended ADR's and GDR's is limited to less than 2% of total as far as I can see