Member Info for PortfolioPower

Solid move back up this past week into a recovering market

Only need to go back a few months and there was a few posts on here suggesting that the company wasn't engaged enough with PI's.

Majority welcome regular updates vs the alternative in the same way that i recall folk wanting further information on the expansion plans.

The company is now delivering regular updates.

SP is still recovering and good to see the upside production case set out with timelines attached.

Another decent day

Moving up steadily

Recovering after the SP fall last week

Well done to those who started loading tranches around the time of the directors buys.

I remember someone posting that they saw this as the most oversold of all the listed gold producers at that point when the previous quarters AISC was higher than the POG at that time

Things appear have turned around quickly

Highlights:

· Vein-breccia style mineralisation with assay results up to 2.1% Cu and 4.29g/t Au,

· 39% of rock float samples assay over 1% Cu, and 67% of samples assay over 0.5% Cu,

· Multiple outcropping vein-breccia structures identified with evidence of high-grade copper,

· Prospect exploration on-going with results from mapping and outcrop sampling expected,

· No previous drilling in the prospect area.



The Victoria prospect is one of several areas currently under investigation within GSC's Especularita Project. Victoria comprises a gently sloping field covered by soil and copper-mineralised float (surface boulders) located adjacent to the southern margin of the Colorada advanced argillic lithocap. The mineralised float is characteristic of high-grade, structurally-controlled vein breccias.



A programme of float sampling was trialed on an approximate 200 x 200m grid across the boulder field with samples collected on approximately 25m intervals. The programme was designed to characterise the mineralisation style and grade and identify potential outcropping source rocks.



Sam Garrett, Chief Executive Officer of Great Southern Copper, said: "We are very pleased with the results of our float sampling programme at Victoria which demonstrate the potential for high-grade Cu-Au deposits in the area.



"The prospect is rapidly developing into a potentially high-grade Cu-Au target for the company and we are eagerly awaiting the results of our Phase 2 work which has identified multiple outcropping structures with evidence of the style of copper mineralisation that is observed in the float samples.



"The results continue to highlight that the Especularita Project is an extensively mineralised district exhibiting evidence of a broad range of mineralisation styles characteristic of both porphyry and intrusion-related Cu-Au systems."

Dai,

'Don't fight the markets'

Was the best general advice anyone ever gave me

In a bear market it just feels like there are far more participants 'short term trading' and holding periods for individual stocks appear to be on reduced timescales.

If you're day trading or swing trading then none of this should bother you.

Dai

Can't help you with any short side options I'm afraid as not something I'd ever get involved with .

For trading options I did mention a couple of funds 3GOL and 3SIL and i think you responded with a similar 'hmmmm' post after I last mentioned them

both are 30% & 50% up respectively since.

GL

@Dai

I'm just viewing Gold as a natural hedge against equity markets volatility

If / when gold starts to roll over that would suggest that funds are flowing back into equity markets, however, that's not what has been happening over the past few weeks as money has been moving out of the equity markets and into safe havens such as Gold and MMF's

Would anyone really be surprised if the broader market indexes fell another -10-15% this year?

That would probably result in Gold rising another 10-15%+ and wouldn't be that much of an aggressive move imo.

Doesn't stop talented stockpickers selecting individual stocks that still outperform over the year,.but in answer to your question, no I wouldn't short gold as it's held as insurance if things continue to remain messy out there in the wider equity markets.

If the situation changes then I'll look to adapt my strategy accordingly

Gold closing out the week seeing some profit taking towards the end of the session having tagged $2000/oz again earlier today and rejected again

High: 2,004.30
Low: 1,975.30

Be interesting if it breaks $2000+ next week on its third attempt over the past few weeks, although drivers for that to happen will likely mean more volitily being seen in the equity markets.

Those buys printed today if all the same buyer still adding will need to Tr1

Alternatively, could be a couple of funds coming back in

23-Mar-23 16:37:21 1.15 2,500,000 Unknown* 28.75k O
23-Mar-23 09:02:35 1.15 9,250,000 Unknown* 106.38k O
23-Mar-23 13:52:51 1.176 20,000,000 Unknown* 235.20k O
23-Mar-23 13:53:07 1.20 20,000,000 Unknown* 240.00k O
23-Mar-23 09:02:20 1.1435 9,250,000 Unknown* 105.77k O
23-Mar-23 17:07:52 1.15 2,250,000 Unknown* 25.88k

Need to get closer to this than just a passing glance.

Tro,

I see WBI had a rare up day today.

Still watching from the sidelines as have been for some time.

Did lombard buy back into the placing?

I see MCM have increased.

Dare I suggest the floor could finally be in?

Sort of company ESG funds could slowly start to lap up.

Could start a different thread on both Lombard and Novum for various reason but probably best left for now.

AA and his previous company Rockrose were the darlings of the market and naturally everyone piled into KIST from inception.
Everyone made £££

Time to bail was on that Serica bid that was never ever going to happen as Serica were valued way more than KIST at the time, all that did was trigger a raft of selling into the volume

Then Gas prices collapsed

Europe had stockpiled more supply than demand.

UK Government introduced windfall tax

Market exited and has avoided like the plague ever since

Can't say I'm interested in any UK O&G plays atm unless they become so cheap they become hard to ignore.

Probably best to keep an eye out for any offshore trusts with Westminster based beneficiaries loading up on north sea assets as a buy signal ahead of the windfall tax being reversed :-))

25 BPS rise voted through

Q2 CPI forecast to be lower due to falling energy costs

Still prediction inflation to fall sharply later in the year (let's see)

Fed signals one more rate increase this year
In its projections, the Federal Reserve signaled that there is just one more rate increase coming this year.

“The Committee will closely monitor incoming information and assess the implications for monetary policy,” the FOMC’s post-meeting statement said.

The central bank boosted rates by a quarter percentage point on Wednesday

Live on CNBC >
https://www.cnbc.com/2023/03/22/live-updates-fed-rate-march.html

Dai, / Tro
really not acceptable what happened, as looks like 20m previous fund raise was fully flipped onto PI's who end up holding the bag.

This time around, the BoD and placement holders are apparently 'locked in' for 12 months.

Beacon will need to 25 x bag to get some back to where they were.

https://www.proactiveinvestors.co.uk/companies/news/1009671/beacon-energy-delighted-as-it-closes-funding-for-rhein-reverse-takeover-1009671.html?rel=scroll

I've not yet had chance to do any D/D on these assets, it requires a closer look as they aren't known to me

"Beacon today highlighted that the proposed acquisition will give the company a beneficial interest in a proven oil field with material existing resources (3.85mln barrels of net reserves plus 22.96mln barrels of contingent resources) across four core areas.

The assets are described as a "full-cycle portfolio of largely operated production, development, appraisal and exploration assets".

These Phoenix Co's occasionally 10 x or 20 x bag
ZPHR & PXEN are such oilers that immediately spring to mind over the past few years

Not impossible but really feel for the former holders

Good work Ben

Have seen some of your coverage of other stocks and always thought it provided a good overview.

Hopefully your following will start to grow in recognition as I imagine these take some time to pull together to get the content out without sacrificing the detail & quality.

Keep up the good work and look forward to the next one.

Only just finished reading up over a BCE and their RNS reaction today.

Looks like the deal will be voted through.

Oil assets Acquisition at 0.11p

Re-listing date 11 April

Suggests the funders and BoD are locked in for 12 months

I'm not in but can't he anyone in a profit position over there to generate much selling on re-listitng if it re-opens around 0.11p as only £150k subscribers via primary bid so potentially not much churn as that could be only a handful of PI's.

Will keep a close eye, as their former incarnation (Advance Energy) was one or the biggest flops in recent history- falling some 90% on revealing a duster.

Bet there are some furious holders seriously underwater now over there.

5.5p down to > 0.11p = 98% fall in value.. wow!!!

@Tro

JLP looking like starting to move off the low

After the last double digit pullback we went onto rise around 40%+ over the following 3-4months

Mentioned a couple of days ago that I thought we would do the same again

Shouldn't be too much of an ask from here and may need to revise this higher in line with the analysts 12 month target of 75p which is a 55% uplift from here + Dividend payments to be added on top.

GLA