Last day of the month & like clockwork, I bought some more $TUN.L 😤
Next month I'll probably add First Tin #1SN to my compounder list, as I continue my no-brainer strategy of betting on the GOAT @METhompson72 leading me to generational wealth.
@METhompson72#1SN starts trading the 8th, so I might miss out on the IPO pump but I'm sure it will be fine as tin is heading to +$100k within a year or two.
Will be damn interesting to see if my dollar cost averaging strategy will outperform my regular portfolio!
@METhompson72 PS: I won't tweet regularly about these picks as I compound away, nor include them in my weekly updates. This portfolio is a long-term buy & hold, as I've done my DD & know that +$100k #tin prices is a question about WHEN, not IF.
PPS: Will be very interesting to see if this strategy beats my active trading portfolio. So far it has not, but #tin has also not gone completely parabolic yet. Nor has the impact of $600BN invested in ramping up semi prod even begun showing itself in the tin market!
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Saturday morning & time for my weekly update! Rather boring week on my part, had a selloff on Monday but most losses were recouped by the end of the week. Ended up down around 1.6% points, so my current YTD is 83%
As I said earlier this week, I think the correct way to survive this headline driven market is by exiting volatile commodity exposure, so decided to cut BTU & EGY! Will be back once we're past the headlines, as ppl will realize commodities remain TIGHT even once the war ends!
Another notable sale was tankers, I had a very unfortunate timing on that one as I sold OET HUNT to fund buying more OSD & SHIP, just to see them rally a day or two after... ended up FOMOing partly back into HUNT on Friday lol
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 !!!
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.