Oh boy look at the time, it's Saturday & time for my weekly update!!! Started the week well, gave back a bit in the middle but managed to climb back up & ended with a 4% gain for the week, 22% gain YTD 🥳
Nothing too impressive, despite oil & coal doing a thing!
Got quite the W in my AMZN punt (albeit not even close to as much as I hoped...), but it was just a 2% punt that was partly offset by my FB punt lol.
Sadly had to trim core holdings to fund my gambling, but gonna buy back on weakness!!!
Sadly also got no #tankers exposure currently, which is pretty funny given how everyone else turned BOOLISH tankers now that Iran seems to get their nuclear deal after all... so plan next week is to buy back my positions in $DHT $TNK $INSW $FRO !!!
The next 1-2 weeks performance will be highly dependent on a few factors:
So remember Terbi airport which is in Uganda. There was basically an UN operation because of Chad & F4 & stuff like that. UN unilaterally put all kinds of embargoes and all kinds of bs on anything coming in and out of DRC, right?
So so it's very, very hard to operate in that part of Congo there, particularly as it points up towards the Uganda and and and the Kenya side. So the heat is not as high like as it is over in the lubamba. She's inconsistencies and stuff.
Because you gotta move through so many different general and and Indigenous tribal leader territories, you gotta pay them all the way through every time you move through with anything valuable so you know that's what's happening on the ground.
$SRHI.v $SRHI #copper - Turnaround story or a final pump before bankruptcy?
Well friends, I've spent a lot of time reading up on this mess of a company and got some thoughts about it. Would love to have a dialogue about it, as I am by no means an expert.
So a quick overview of the companies goal until 2023.
They aim to produce 18500 t copper per year. Gross revenue would be $172M per year at todays price ($9300/t). For a $37 M fully diluted MC it isn't too shabby, even if they only own 70%.
The problem here is that they just barely managed to get out of bankruptcy. They were forced to sell 40% of its copper production at $2.89 per pound for 24 months ending July 2022, as seen below. This was done to secure capital for the development of their UG mine.