Member Info for rossannan

reapz234

The ST effect is increasingly short lived here, although sometimes there can be a second bite at the cherry on the Monday.

comeonvog

I think it is a mistake to blame the management. They are simply waiting for fiscal reform from the regime. There is not much else they can do until they know (a) whether existing onshore SPT reforms are being extended for a significant time period (or, better still, made permanent or, even better still, superseded by root and branch reforms) and (b) whether anything is going to be done about offshore SPT.

If the regime lets TRIN down I would like to see them doing only what is most profitable in T&T (despite what you read on BBs, even with WTI where it is some of TRIN’s operations are a bit marginal under the current fiscal regime) and starting to deploy capital more profitably outwith T&T.

Yes, time is undoubtedly of the essence. But is there the political will to make such a business friendly move before they absolutely have to (i.e. in the Budget)?

So, just to be clear, you are deducing from this that the reform or even scrapping of the SPT regime will be announced within the next month or so?

As a bare minimum they will be waiting for confirmation that the onshore SPT concession is being extended or, ideally, made permanent.

Nothing sinister, they are most likely waiting for significant fiscal reform but choosing to be diplomatic about giving that as an explanation.

Can’t see any like that happening this side of meaningful fiscal reform.

You never know, but he certainly struck me as a straight up guy.

For now.

The Segels were cornerstone investors who played key roles in the survival of TRIN. More significant than O&G experience arguably. There should already be plenty of that floating around at TRIN.

More significantly, the David & Christina Living Trust currently holds 10.42% of the Company.

It’s a shame to see that David Segel is going. I liked him.

Druid

Totally with you on bullion. Currently the correlation between crypto and the NASDAQ 100 is quite striking, so crypto is certainly less than attractive right now. But the NASDAQ 100 is not going to zero and neither, I would argue, are the serious cryptos. When there was a dot com bust the internet didn’t go away and we saw the likes of Amazon survive and eventually thrive. We need to think ahead, identify the crypto Amazons and be ready to buy the dips. Never thought, as a goldbug, I would ever find myself trotting out that line, but this is where I have got to.

If we’re back to talking about CEG, I’ll move on - I have said everything I ever want to say about CEG. But I enjoyed the crypto convo.

Kudos to Ab76 for finding this:

https://guardian.co.tt/business/doing-nothing-and-hoping-for-the-best-6.2.1456498.f0bf175cd2

When you look at the new breed of mobile crypto projects you can see them actively trying to make the network effect work for them. Pi Network, for example. The tokens are free at this stage because it is all about trying to get as many users on board as possible (I believe they are now at 30M plus). It has been structured not unlike a pyramid scheme for this very reason (which would be worrying if money was involved). Someone recruited me, which increases their “mining” rate, and I have recruited six others, which increases my mining rate. If they each recruit six others etc., Pi will eventually rule the world! Your Pi invitation code is my username. Better than dodgy ICOs, arguably.

Fair

That was pretty much what I thought about crypto until this year. In a very simplistic way, I have for a long time thought about fiat currencies as being like the shares of most AIM companies - backed by very dodgy balance sheets with placings always waiting around the corner to reduce their value. Hardly as good as gold but better than crypto with its nonexistent backing, you would think. But I have come round to the view that the network effect can create something out of nothing and that this is what has happened here. Crypto is still a minefield, and one person’s network effect is another person’s Ponzi scheme, but I now believe that crypto is here to stay, even though I also see big bumps in the road ahead.

output

I try very hard not to think about crypto what ifs. I first became aware of Bitcoin around the time I was wasting money on the awful LGO Energy, which ultimately became part of the awful CEG, although I cut my significant losses long before then. Enough said!

Stuart R Young should be clear by now what needs to happen and should be getting on with making it happen.

output

Stranger things have happened!

We can all see that the internet is here to stay and that the internet businesses which weathered all the storms have delivered titanic returns. I now strongly suspect that crypto is here to stay and that when the dust has settled and the vast majority of coins and tokens have fallen by the wayside, some real titans will be left standing. I am not sure what the USP of Dogecoin is, other than being a meme coin. But it is the quintessential meme coin - maybe that will be enough.

I am not sure how I square all this away with my belief in sound money, but there you go. An interesting question is what percentage of our overall portfolios our crypto portfolios should represent. If 5-10% in gold is reasonable, maybe 5-10% in crypto is about right. But I want my crypto as well as my gold, not instead of it.

output

My list is entirely theoretical at this stage. When it comes down to it, those seven seem like credible mainstream plays (as far as anything crypto is mainstream). Those are the ones that, right now, I would likely buy in a dip (and if I get lucky with my free tokens, they will probably end up being converted into one of those mainstream coins).