Member Info for PortfolioPower

Yeah, agree with all of that.

£GBP has started to strengthen against the $USD on softening US interest rates forecast.

US rates need to roll over.

Equity markets & commodities prices will only really start to move on the expectation / anticipation of this event.

Either that or we are heading for a very tricky period where could see central governments take things to the extreme, economies will suffer for the next 12 months and then they will have to revert to stimulus/ QE and we go on a whip saw bust to boom cycle again much further down the road.

Tbh.. it could be a sell on news either way with JSE as it sold off into news of production resumption earlier this year, however oil price was selling off dramatically at that time from memory so all the juniors got hit.

Oil price has since recovered to around $85/bbl up from that $66/bbl and if they can just get their act together they may get over the 45p placing price.

For now that could be a s/t target but also potential resistance.

Could Dai be heading back to 45p on next RNS?

Still showing strength

Will it spike on news of production resumption?

Tro / Kev

BMN vs JAY

Both saw dramatic rises in SP peaking in 2018.

Since then both have been in very long multi-year downtrends

Both have seen a -96% SP retracement.

Feels like both are around that capitulation phase.

I think JAY (may) have just recently had its capitulation moment.

Some posters over there are finally starting to talk bullish about near term recovery prospects and potential new term catalysts / inflection points.

Let's see if that 0.84 was the low for JAY

Tro,

Been in and out of this one like a revolving door.

But I think you are right.. looks like some volume hitting today.

Lithium has been a great sector to have been in over the past two years and produced many multi baggers in the junior space.

Seen a lot of market commentary around it looking like a crowded trade and a bit 'toppy' from fund managers involved in the sector over the past few weeks.

Still reckon there is space for new spodumene discoveries to multibag the smaller explorers but won't be surprised to see the underlying price pull back.

Oil has pulled back but last year saw the all time record demand and that's not going away any time soon imo.

The China slow down is hitting all commodity prices.

Once the war ends, that could spark a big run up in commodity prices given the rebuilding that will need to be done.

Your guess is as good as mine as to when that happens, however the longer it carries on, the more districts will need rebuilding from scratch.

Mentioned GSCU and ONDO as my medium term holds.

Got my positions in 3SIL and 3GOL from when the recent floor went in on PM's.

Should have took some fres at 499 but missed it.

In for a swing trade on PANR and already locked in some profits, updates on drill progress should provide some further catalysts and size of the potential prize is easier to work out for your oil plays where helium plays is no fixed market price and therefore will depend on the percentage of helium contained within the nitrogen gas shows which will determine whether its commercial alongside needing to be free gas and in sufficient size.

I'm quick to reduced / increase positions if the story or price action changes from my expectations.

Most of my recent purchases have been stocks coming off long downtrends. Or other short term catalysts for a bounce such as WAND and WSBN.

I'll even take trades on the bell and be done by 8.45am if the situation presents itself.

I think whilst it's good to learn one sector such as O&G ultimately as all sectors tend to rotate in and out of favour, we all need to learn about each sector as much as possible so that you feel comfortable trading different sectors when opportunities present themselves.

I'm watching He1 but hold no position there atm.

Watched it for 2 years until I finally took a day trade on the drill confustication at which point I was in and out with the momentum spike.

Markets are still tough at present so I'm not over committed on anything.

Once global interest rates start to roll over that should release liquidity that has seen a flight of capital park up temporarily in money market funds return back into equities.

That and the usual seasonality of the markets

3 Billion tonnes with gold and silver credits also.

It would make it one of the top 3 mines in the world if proven right across the basin.

Only issue is that to drill and prove all that up would cost 100's millions.

So they are basically going to just test one area that has been geo mag'd and if that comes in then I guess the speculation can grow further.

CHF owned this license but had zero money to drill it up.

So they optioned it to sterling who have the cash and CHF have retained a small percentage and effectively free carried on this and all future exploration work.

That's why I was also monitoring CHF.

That hasn't moved in the same way that Sterling has over the past week. So one to keep an eye on if sterling continues to climb.

Aussie holders tend to be brutal, but do crowd into their winners

Canadian Markets have seen a bigger drop off in liquidity.

Only one speculative Canadian stock I've taken an interest in over the past few weeks and that's Sterling Metals Corp after I watched the CEO's ultra rampy presentations following a 6m raise to complete 2 drilling programs.

They have a 40km long strike copper belt in labrador that the CE0 mentioned could contain 3 billion tonnes at 1.5%+

RNS now showing here on LSE for 88e also.

88e has seen some savage posts over on the Hotcopper bb mainly around the ridiculous BoD renumeration package and lack of skin in the game and realisation that the gravy train of placings from the market looks to be coming to end and calling for a vote of no confidence and resolution to be filed to remove the present BoD.

Some very unhappy holders over there.

They are saying drill is planned for September

Early momentum follow through again from yesterday.

Some profits getting locked in also.

Be interesting to see if the last of the short positions reduces again and then to see what happens when the drilling starts.

Kev...

"George Roach, CEO commented, "Our interests are aligned" :-))

Potential multibagger ideas you say???

Away from drill bit shares...

Take a look at ONDO

Mentioned ONDO a few months back as another potential 2023 10 x bagger.

Less choppy than the exploration companies we like to discuss.

Patented leakbot being sold into the home insurance industry.

They have already secured some contracts with each one providing a catalyst for the SP.

Huge total addresable worldwide market.

SP has pulled back over the usual summer lul which is probably healthy the the SP.

Awaiting on news of next set of contract wins

If it works and saves the global home insurance market potential claims settlements into the billions it could get taken out within 12-18months at many many multiples.

Worth dyor and see what you think.

PANR trying to put a strong finish into close.

Spike up in BTC in past hour

Gold up again from US market open.

General markets seeing a tick up today.

Shouted GSCU at 1.1p now 3.8p

GSCU

Still trending up nicely

Worst example cited of that bear market period was when Rio Tinto paid £4.2 billion for a coal project in Mozambique at the top of the market and subsequently had to sell/off load it at the bottom of the market for just £50k... ouch! :-))