#copper @PauloMacro has nailed it there is a massive d/s gap showing up in CU and short term transitory issues - ie recession fears/china you name it are causing a massive fear. However, listen to this odd lot podcast (time stamp 14.30 mins if you are pressed for time on why
This bull market is different from the last bull mkt. As Tracy states we “traumatize the last crisis which results in a fear of investing now: in addition permitting even in the Saudi Arabia of Cu- Chile takes years longer than what was a 6 -12 mos process. Another article
So how am I playing it? Although there are many great Cu companies out there im going up the risk curve in more junior mining- part of this is with MMG.V (they have a potential 1bln cu deposit) and another as of yet undisclosed cu name (still accumulating). Ill leave you with
This= TRADERS ALWAYS PLAY THE LAST CYCLE GIVEN MEMORY- so when they hear recession they remember 2008 and how commodities fell apart. Well that was then- listen to the odd lot podcast again 2-3x for why this commodity bull market will be very different from 2008. These few mins
May make a difference whether you’re driving a Hyundai or an Azimut at the end of the decade.

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More from @contrarian8888

Jul 14
$PANR. Last may-june when stock was around 29p for a month i was quietly buying every single day- hence the stock was pretty much flat. As @Scot126126 can attest, on ADVFN - a UK chat board, everyone was beside themselves calling for the stock to crash thanks to Farallon
Selling. Fast forward this april- stock 5 bagged. Now its down at 85p - essentially negating the big move up in crude and the amazing results. So today Justin Hondrus texts me this am saying ive got 55 calls about F selling. So what do i do- i go and use my $KAP dividends and
Buy more $PANR shares and happy to keep accumulating around here (as i have done for past few weeks). This is no different then buying at 29p= in fact its a lot safer given what we have discovered and oil is not 40$ but 100$. Farallon mathematically will be done soon and then
Read 4 tweets
Jul 13
$PANR. Was trying unsuccessfully to add more cherries on the cpi disaster but not getting filled today SIGH. Got this from the cfo today; Great insights “Location location location” Image
If a picture tells a thousand words… heres a wonderful photo of operations presently underway at the Alkaid #2 well, Alaska North Slope in which Pantheon has a 100% working interest.
The road running left to right in the photo (in reality, North to South) is the 414 mile (666km) long Dalton Highway, the major road transport artery connecting the Deadhorse on Alaska’s North Slope to Fairbanks. PANR is located right at the Northern end, about 15 miles from
Read 8 tweets
Jul 9
In February this year my friend @hkuppy was rebuked by @gnoble79 for recommending to invest in Russia. I entered into the fray & got attacked as well. Now i should point out 1 narrativecombat.substack.com/p/george-noble…
2. $SBER has fking tripled since feb. Name one asset you know that has tripled since feb. I cant think of one- and although not saleable today, when i finally get to liquidate it it will probably be up 20x given its currently under 4x per and profits are booming. So it was
Read 6 tweets
Jul 6
$xle. I count myself one of the very few privileged people who can pick up the phone and speak to my friend @PauloMacro & in todays one hour call Paulo said something absolutely brilliant amongst the energy and commodity carnage. But before I get there GAVEKAL had some charts
That show that US is unlikely to hit a recession this year amongst such -ve real rates and high US savings buffer
So this contrasts with this weeks cot positioning in CU (mr economy) which is at peak depression levels- ie everyone is super convinced despite the CU shortage that were going into a recession.
Read 6 tweets
Jun 23
$XLE $panr $btu #uranium The recent fall in energy equities (doesn’t matter- oil/coal/uranium-name your pick) has been breath taking and clearly causes some deep reflection on whether one has overstayed ones welcome. This tread goes over my current thinking. Firstly credit
@dailydirtnap for picking the short term sentiment top on both Uranium (his U asshole comment was classic) and also Oil. There were a lot of generalist funds and tourists that came late to the party and with stressed p&Ls thanks to too high a weighting in Tech,they don’t have the
Wherewithal to suffer any kind of sell off. As the charts started rolling, gone were the late comers. The rhetoric on recessions have also caused folks to start worrying about 2008 Redux. See traders tend to always fight the last battle. 2008 energy was a late leader and then
Read 14 tweets
May 25
$PANR. Great post by @PrudentInvest1 who spoke just spoke with mgmt. Ive already commented many times on the Peel Hunt report- heck if i had the track record of that analyst blowing up on stocks like Tullow Energy (see prior weeks tweets) why would i blindly follow him?
When I mentioned to buy $AR or later $BTU i was always trying to be one step ahead of the market. Today the market is focused on monster cash flows from energy cos-$PANR with no cash flow as of yet (but soon) doesnt screen well. But soon the energy cos will run out of DUCs and
Will have to spend aggressively to expand on their capex lest their decline curve show monster prodn declines. At this point cos like PANR will get taken out for huge premiums. I am so so excited that my humongous shorts will soon allow me to have another big bit at the PANR
Read 4 tweets

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