Member Info for OracleofOldham

Tbf it's up 40% in a. Few days

Looking at how this is being covered in Russia it is nothing short of staggering.

Official media are trying to look the other way and play it down. They call what is happening in Kherson a manoeuvre, a redeployment or a regrouping and they have presented it in rather positive terms for the Russians.

But, looking at social media where there are a lot more diverse opinions - and particularly the pro-war commentators - they are shocked. They are aghast.

Some of them say this is Russia's worst defeat since the break-up of the Soviet Union, which will scar our hearts forever.

That's the kind of rhetoric they're using.

Of course, this has a huge impact on President Vladimir Putin's standing and the ability to carry on pursuing what he calls the special military operation.

@watcher, you think they have left the protection of a built up city on the north bank for the exposed open marshland and fields of the south bank going into the winter?
If so, a few more decisions like it and the war will be over!

I feel bad to say, but wish I'd had more time to buy down in the 1100s :)
Nice problem to have.

peak inflation in US but sadly I don't think we are there in UK thanks to our energy prices being tied to gas no matter where they actually come from and the increased costs of importing esp food from abroad.
Also whilst US seems like they may avoid too much of a recession the UK is f*ck*d

Yes sounds good news and certainly the business seems sound and has a good foundation to push on from.

I was just reading the past posts on here as I couldn't see any big news as to why the fall from £30 and there doesn't seem to have been any, just what indeed must have been a very overpriced stock which slowly drained away month by month except for an exciting little bidding war that didn't really materalise.

The thing that sticks out to me is the number of links from fairly respectable sources stating how at £18, £15, £9 a share the company was a screaming buy even as it fell further.
Anyway moral is really really do your own research and understand the companies you are buying and come to your own conclusion about their worth, never just go off what other people are saying even if it's coming from analysts or media that claim they know what they are talking about.

All said, if I had money I would be comfortable topping up at this price, but as my funds are limited (alas) and there is so much on sale currently for the near term I'll be deploying additional money elsewhere.

Very happy to keep the holding I have here though.

https://www.ft.com/content/d281665f-0444-4cd8-b616-5f5ddf2ab8a6

Global plans to electrify economies and cut carbon emissions could be slowed down by copper shortages, the head of the world’s largest listed producer of the metal has warned.

Richard Adkerson, chief executive and chair of US mining group Freeport-McMoRan, said surging global demand for copper for the rapid rollout of electric cars, renewable electricity and power lines would cause a shortfall.

https://www.proactiveinvestors.co.uk/companies/news/996770/chilean-revision-to-hot-button-copper-mining-royalty-proposal-factors-in-operating-costs-says-canaccord-lessening-pressure-on-canadian-miners-996770.html

not as bad as it could have been.
Prob fair the country gets something back

@Watcher regs Wiki, it's very quick and easy to see its run as an independent not-for profit org.
Better to look yourself before passing on anything you 'hear'

https://www.bloomberg.com/news/articles/2022-10-24/china-s-billion-dollar-cash-for-copper-trade-grinds-to-a-halt

If you can't read it it states China's 'massive' copper stockpile is bare and they are becoming completely reliant on imports when there is already concern for the availability of in the market.
$$ dyor

@pippap, not sure of satire but this stock is suspended in many countries and with many trade platforms so for sure trade will be very low and volatile for the foreseeable future

who said smoking was bad for you?! :)

well the tangible assets of the company are currently the same as the market cap so this is a very low risk stock at these prices even with the drop in Copper.

oh hello

FYI this was from March

Marching back to 600 against the general market, let's see if it can break it and hold this time

"Reuters is reporting some diplomatic tension between Russia and Kazakhstan over the Ukraine war, with Kazakh authorities rejecting a demand from Russia that they expel Ukraine’s ambassador over comments about killing Russians, chiding Moscow for what they called an inappropriate tone between “equal strategic partners”."

how much money you have in a company, or even in total does not correlate to how good an investor you are.
A lot of followers of Youtubers have been finding that our recently.

CR888 not necessarily,
there are about 10 companies in FTSE who are not HQd in UK.
They are all HQd in Europe but I assume Hong Kong would be fairly safe given UK history with it and maybe open up more share holder demand from the east.

Virgin-O2 merge would be a better comparison