Member Info for rossannan

Sturm

“Brent crude could spike to $150-$160”

Exactly: “spike”.

Sturm

“but the present price (92ish) makes no sense to me”

Compared to the price you expect at what point in the future?

The market doesn’t work like that: the present price makes sense when you consider the likely impact of a solidified peace deal, short lived though that impact may be, and the real possibility of emerging demand destruction a little further down the line. It’s only against likely longer term price levels that the present price looks out of kilter.

Notanewmember

Comedy gold.

Sturm

How far ahead is the market looking? Maybe not as far ahead as you: it simply sees oil falling further in the event of “peace”, which it thinks is imminent. So Brent isn’t higher ATM. Or maybe the market is looking further ahead than you, to significant demand destruction as everything unravels. So Brent isn’t higher ATM.

Good relative strength on a down day for gold.

Sausageonstick

So do you think Selan’s plan is just to wait until SYN can’t meet its obligations and then manoeuvre it out at that point?

Copper1

The SP has certainly been going nowhere for a long time now. Can anyone make the case why that is going to change anytime soon?

Pretty uninspiring update. Not sure what Selan see in the asset.

What has been the catalyst for that? Weekend coverage?

News

Not me.

Fortissimo

Yes, I think there is an increasing focus on the copper opportunity here, hence the relative strength. Another bid, this time a realistic one, could be in the offing.

Why are folk spending so much time and energy on this microcap that appears to be going nowhere? What is the bull case that I am missing?

Will be interesting to see if the IC does an update.

Fortissimo

Bravo. Certainly showing significant relative strength of late.

Monkster

Neither. What is it in my 16 May post that you disagree with?

I guess it comes down to whether you believe this:

“Comstock, along with our integrators and installation teams, has now received substantially all our equipment, including power generation, expansive storage capacity and upgrades for offtake products, as we complete commissioning and look forward to operations in June.”

Surprised to see this still around $3.50 with silver off as much as it is.

D220

Don’t think we want to be guided by a basket case like Predator.

Shame the coming update will drop into choppy waters like these. Previously just a solid update might have enough for further share price appreciation. Now it will have to be a bit special.

Exiting T&T certainly seemed to put an end to the shareholder value destruction at CEG.