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Well at least they are adding capex and expanding the facilities. All takes time though but we are much further along now.
Once that extra gas hookup is tested I think we could be near the £1 or hopefully closer to Malcy’s TP!
Usual caveats
Trek
And even if Europe had gunpowder we don’t follow our own rhetoric! Sleeping while Russia rearms.
https://www.politico.eu/article/without-eu-rearmament-nato-set-itself-failure-war-ukraine/?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication
Trek
“ While the billions of dollars in new aid is expected to sustain the Ukrainian war effort in the months ahead, if Republicans gain more power in Congress - or take back the White House - further US support seems increasingly unlikely.”
https://www.bbc.co.uk/news/world-us-canada-68848277
Sounds like a fair warning that Europe really have to step up in time. Yea right! We will be asleep again when this lot runs out!
I also note tick tock has to be sold in us or face a ban. What about Europe, yep snoozing with all these apps that collect and offshore data!
I was plagued with 0848/0858 etc calls. Mostly ghost calls. Reported loads to regulator, waste of time! blocked the numbers but more were generated.
Then my 123 email account was withdraw as they were bought out and they just pulled the plug on the server! So I had to change my email address. What a nightmare! Everything from iplayer to bank etc and some you still had to keep the old one as an ID!
Anyways even though I have the same mobile number all the ghost calls stopped! Weird! One for nom!
Trek
Ok this is additional lateral thinking along the lines I posted before about the US onshoring lithium, ergo helium. And the DOE + Ford buying into Thacker Pass (a huge lithium project) to tune of +$2.4bn to secure US lithium supplies. (I posted the links earlier)
So here you can see another parallel, this time ‘gunpowder and the associated cotton’ that comes from China. Ergo helium!
https://www.politico.eu/article/saab-ceo-warns-against-reliance-china-make-weapons-europe/
It seems unbelievable that Europe ‘could end up asking for a truce’ coz a potential adversary, China, won’t supply weapons propellants to Europe during a hypothetical future conflict! Crazy eh….
Well actually due to the Ukrainian war there is now a queue as China is prioritising selling propellant to Russia whilst Europe waits!
So we cant pass on shells to Ukraine coz we don’t produce our own propellants at any scale so we now have to wait for deliveries from China which will occur after the Russians have their orders filled !!
Well that’s the gist of this fking madness!
But still it’s cheaper for us!
Also if production is in ‘honest’, green’ China and it’s not in our back yard then that makes it greener as well!
So now extend the narrative and you will see that is the reason why the US will secure their own domestic helium supplies.
Weapons, space, chips and medical! That seems a pretty good incentive!
The US are serious about independent security of supply. Not like the UK under any govt or Europe for that matter. We think it’s fine not to develop gas in the North Sea, a key transition fuel that enables a move away from coal.
Instead we greenwash our own narrative and then import gas from Qatar, US or even Russia at premium prices and higher footprint and worse still use coal power as a backstop!
This country is bonkers!
When will we realise that as an island we have independent, fisheries, farming, energy + green energy, financial services, infrastructure, water and even mining! Etc!
We need to follow the US onshoring model of supply security!
Oops,
Usual caveats,
Trek
Don’t get the obsession GG. Obviuosly you are rattled by my performance on DEC! Pssd on your chips there too many times! Lol!
The stop was set here after the buy when the SP had gone up. To cover my position. Pretty obvious really!
I have been fortunate trading this as it was a ‘forced trade’ brought about by the xd, broker downgrades, Fed hawkishness and the ME conflict. All at once!. An axiomatic trading opportunity when you rationalise it, so nothing clever really.
Some investors act on that data and others stick it out which is fine. I just happen to be an active investor..
At times of high volatility I do hold some and trade some like at DEC which has obviously upset you. I did well here when Liz Trust had her budget and I posted my views to hopefully help folk consider selling and buying back cheaper. Which I did throwing off loads of cash over those few days.
Occasionally you get a winner like this. Makes up for the duffers and PHNX has been good to me just like DEC and HE1 has of late.
Now I am back in here as of Friday for hopefully another leg up next week and I may add to my position if I have any change after adding to MNG and HEX.
I won’t be jumping in here though as sub 450 is as likely as 500p on the chart. So I will average in and may again sell some spikes and recycle to try and get a good base to hold from so as to maximise the yield ahead of September.
Whilst this has more yield (50/50) MNG is still a play (2/3 1/3 divi) as it should have more capitol (lol) gain.
But then for you it’s easy just bashing from the sidelines with all your hindsight and not making any advance calls. And you note how I call what I execute in advance!
And as I say I only trade a stock or trade and hold a stock that I intend to hold. That takes the pressure off!
Oh by the way you missed out trailing orders from below.
Hope they are paying you overtime for the weekend mate or is it just your troll infatuation!
Buy some HEX with your overtime!
Now kindly let’s leave this BB alone!
Usual caveats
Trek
I wouldn’t worry about a rig. Look at the NG prices and rig count. Down 134 on this time last year!
https://rigcount.bakerhughes.com/
We should be able to get a good deal. Many will be idle or nothing scheduled and glad to have some work.
Usual caveats
Trek
Next stops will be set on Monday as looks like may have another relief rally following ME. Well let’s hope so!
Trek
GG the stop was set higher than the average buy. Doh. They actually went up 8-10p that day from memory. My stop was set higher than my average. It’s no wonder you don’t make any money!
And they have gone back in again and the stop is set higher than my average again. Stops work well where there is a tight spread and liquidity. So do buy orders.
Got any HEX yet… I am trying to help you if you get past your ‘acidity’. Folk spend ages looking for an opportunity like that.
Good luck and apologies to the PHNX BB.
Usual caveats
Trek
GG let me know when you get this below 10 as I would like to add some more. Should be a technical retrace there soon!
Oh my buys in PHNX today are blue! lol! Now that was lucky or perhaps it’s where you post I seem to get lucky! lol!
Usual caveats
Trek
Just back home and can’t believe PHNX finished up! Even had a buy at under 476 filled today and obviously the ones above went through.
Let’s hope it’s a recovery now from the divi blues and the broker recs with a steady return to +500p.
Trust me I much prefer to just hold!
Don’t think this has been posted here. I don’t subscribe to the views but the finance breakdown chart is quite good.
https://finance.yahoo.com/news/phoenix-group-holdings-plcs-dividend-110748276.html
Usual caveats
Trek
Drive for clean energy
https://leadership.ng/seplat-plans-investment-initiative-around-clean-energy/
Trek
Wow good number of large round number indicative sells gone through in quick succession. All ‘O’ type trades as well so you pretty much get what you see!
SP has buyer on other side. May even be MM’s taking on some stock to sell back higher soon.
Agree it’ll move soon. My thoughts of 8p are diminishing I expect a blip to 12p for starters. Let’s see.
Usual caveats
Trek
Had some buys as well this morning. Looks like Iran are sat on their hands according to sky news.
Feel a bit like nick though! But I downside v upside v macro means time to average back in. I use time as well as price.
GLA
Usual caveats
Trek
Got 50k at 10.3399. It’ll print here in a few mins.
Still averaging in but getting more confident that the selling has been very orderly. It’s like it’s switched off if 10p comes into play. Spread holds buys above 10p as well.
When I bought I was given 10.35 several times then got 10.3399 so it may show as a sell.
Liquidity good atm though for anyone buying, or selling for that matter. IMO We need the churn ahead of news so folk can be on first base.
I have invited a deramper over here. He’s actually pretty good! lol! Probably checking with his boiler room boss first!
Rest assured they will arrive!
Usual caveats
Trek
Deepjoy,
Agree - apologies. I shouldn’t rise to it.
Trek
I bought PHNX, just a few a 479 average and posted a stop. They work ok on liquid stocks like that.
Anyways, I was out all day played golf and had youth group later and when I looked all my PHNX shares had been sold and I nearly made £400!
The idea wasn’t to make money as I thought it was going to bounce! The idea of the stop was not to loose any money!
If it wasn’t for Brexit they would have gone back to £10, well they wouldn’t have been under £5!
Anyways, Think I’ll get the kids some pizza’s! A hole new meaning for ‘top slice!’ lol!
Like I say there is no substitute for luck in this game!
Trek
Hi Abjectperformer,
I view PHNX as a solid long term hold. I was spooked by the ME and gathered the SP may drop due to political uncertainties and inflation proving sticky.
I fully intend to use this opportunity to build back up my position in the stock hopefully ahead of the next run up for the Sept divi. I had a significant part of my pension invested so have to be cautious when balancing income and protecting one’s capital.
I am a buyer below 480 but I often trade a few where I think there is an opportunity even if my long term view is hold. I don’t get them all right but do my best.
GG you were right with ‘few’ to a ‘load’ but I made other trades and don’t post everything. I actually went to 100% out, rare for me, and got stopped out yesterday on the ones I bought. Made a tad under £400 but that wasn’t the point. The point was to not loose money hence I used a stop. I have buys set again for today. Not to many as I want to see what the weekend brings.
I hope that The West are putting huge pressure on Israel for peace and not to react.
I use funds between dividends to pick up what I view as hot stocks. Or use divi income to invest in stocks which I think will do well but I then usually sell them. I bought SHG at 9p, sold them at around 13.5p from memory. I didn’t wait for the final offer as I saw another opportunity in PAF at 17p which I still hold. I also bought ECOR at 76p. Have sold the last there at 86p even though I think they will go to 100p.
Sold ECOR to buy HEX which I am down on atm. But I have only put in a third of my position. HEX is a rare opportunity and I have a trading calendar so I know the cost pivots and fully expect to get a free carry there which will enable me to take my stake out and reinvest for income.
TRR looks a solid play, look at the director buys. It hasn’t moved yet though as needs the next set of results. I hope slice some on news.
There are many ways to make a living out of this. I have been doing so now for 7 years self funded from a relatively small pot having been extremely lucky during Covid with serval multibaggers which afforded me the opportunity to build an income fund.
But I have to protect the capitol. Like I say…
Rule 1 of investing, protect your capitol.
Rule 2 see rule 1.
It’s served me ok on DEC has it not GG? Perhaps folk should have a peak at your posting history and see how you spend most of you life in a boiler room bashing one stock. I am glad I have given you something else to think about. Perhaps you can use your skills to help others.
HEX is a free tip for you. Pretty much guarantee you will make 100% by the end of the year. Many folk don’t trade and I get that. It’s one that you can buy and hold and sell at least some before the drill. But if you are hold you have to be prepared to stomach 8p or 15p. Then take profits before the drill.
GL
Usual caveats
Trek
Here’s a chart!
https://www.visualcapitalist.com/u-s-debt-interest-payments-reach-1-trillion/
Phew!
Trek
This was posted on TRR (not a plug). It gives an insight into the US race to onshore critical resources. Mentions Ford & Tesla’s mining investments.
https://www.youtube.com/watch?v=3Oh-uARTCQQ
Now if Elon invests directly in Nickel why wouldn’t he do so for Helium.
Also note mining permitting took 10 years, ours would be much quicker as it’s on private land and same principles as a Gas Well apply.
But the point is see how the paradigm has changed. Major corps are now willing to take up a direct investment for security of supply and so are the US govt. especially for defence.
We are funded for up to three wells. I thought it was two. But I imagine there will be corporations seeking a deal with us to secure supply if we make a commercial find. I really don’t think we will have much looking to do!
Usual caveats
Trek
Game changer, esp as the munitions get bigger. Will we see a nomans land in the Donbas caused by drones?
But where does it leave us when Ukraine and Russia have a million of these each that can fly long range through the windows of Kyiv or Moscow!
That won’t be long but next I guess we will see special forces using them deep in Russia to target infrastructure.
Trek