Thread by @MylesMcNulty

Some excellent moves in the PF this week:

ST trades in each of #TRX and #XSG reduced, as they had increased so quickly (~150% and 66% respectively). Balances of positions to be held until ~2p for each stock, but will revise accordingly, keeping a close eye on momentum. 1/12

Two new modest ST trades opened yesterday PM, 200k shares in each: #CIR and #C4XD (both ~17.5p av. entry). Primarily capitalising on community's (and my) recent success in trading up Woodford/Invesco calamities (TRX and XSG!). Both now enjoy solid fundamentals - valuations...2/12

...much more attractive now, with both #CIR and #C4XD SPs having been decimated this year. Moreover, they now enjoy the backing of retail. Fundamentals combined with sentiment = crucial.

ST trade (but happy to hold as a LT investment) opened in #DKL too. Very cheap CPO biz..3/12

...with solid growth potential. 2nd producing asset coming online H2'20 (cashews) provides key diversification for #DKL. Trading on sub 3x 2020 PER. Position small currently, as stock is very tightly held.

Took more #ALM (ST trade). Av = 49.6p. CA stepping up their assault! 4/12

#PTAL reluctantly exited, in line with aim to be fossil fuel-free ASAP. 29% profit so reasonably happy. Remains one of the cheapest plays on the LSE.

#JKX av. 30p, so nicely underwater🙄. Waiting for 33p+ for exit. NG looking healthier, confident an exit opp will come soon. 5/12

Remaining FF holdings:

#I3E: big week next week. Stated my strategy here already. Av. 36p. If Lib is a success, will exit on volume. If Lib fails, will double down on SP crash and await the buyout by RRE (for Ser. alone).

#RRE: $1.2bn offer made, and SP hasn't budged?! 6/12

#RRE would have been obliged to show source of funds to vendor. Doesn't seem many have considered this. AA has major financiers onside. Imagine landing a $1.2bn deal without dilution to the equity base! For those microcap investors who aren't holding RRE - ask yourselves why 7/12

Happy with LT investments in EV/green metal plays, #MKA #HZM #ACP. Expecting more news from the latter two over the next two months (esp. re offtakes, and possibly financing). Particularly relieved to see Ni bounce on Friday after its alarming drop since the $18k high. 8/12

LT investments in #ARB and #SAE doing dismally, SP-wise. Operationally, very happy with progress at both. Value shines through eventually.

ARB being pinned back by sellers and a crash in . Still generating serious cash though.

SAE: looking for a partial disposal of Usk 9/12

Nanocap / <£5m high risk speculative plays include: #BAGR #DKE #STAR #CYAN #N4P. Some ST trades, some LT investments. Positioned accordingly for total wipeout - but of course, returns from such miniscule bases could be multiples (if mgmt. gets it right!!). 10/12

#EUA - doing its thing. I still see many calling it a spoof... And I still suggest a firm offer will land pre-Christmas. Remaining holding approaching 600% gain now. Great to see Pd back above $1,750 - got to be helping in negotiations. 11/12

SIPP holdings include #AFHP and #EVRH. Both absolute bankers as takeover targets, in my view. 12/12