Pretty good few weeks for the boys with Cu & lesser extent Au exposures having an influence on the field of play.
Last week’s game plan all came together with TLX making the hard yards up the middle then quick service to the wings for the resource boys to run onto the leather at speed for 4 pointers. The coach (Frank) happy although has a bit of Wayne Bennett about him and warned against getting ahead of ourselves, a typical human vulnerability.
The team was appalled at this suggestion having the advantage of a large biodiverse base, so he issued instructions from the log to sell down A1M to a free carry position on Friday.
In saying that noticed price of Cu kept appreciating onite so will make for interesting garage premarket Monday AM, Frank a master of transference of blame in self-defense.
Being school holidays daughter and her mates been hanging around the garage , all have TLX in their portfolios and asked the boys how we came across it in the 1st place, so many people have mentioned TLX to me over the years but on reflection the 1st utterance of ‘next CSL’ was from our very own sheriff Ammie. They asked about the sheriff tag and explained she runs a tight forum and doesn’t suffer fools but in a graceful way, the girls impressed, you have a bit of a following down here Ammie but alas they asked the obvious question, they all want to know your tip for the ‘next TLX’, over to you.
You know what the ‘sisterhood’ is like Ammie, on a pedestal one day but if you get it wrong they’ll rip you to pieces ala the mean girls, savagery a basic but blunt instrument in the hands of males as that is how we are wired but taken to a next level artform in the hands of the fairer sex with the addition of a certain malevolent intelligence, so no pressure.
Talking about being in the zone I see Dazed having a good run with Au but in particular IPT, Eck our FA captain likes IPT but too immature in it’s cycle for the lads to take a position (to our detriment, Dazed was tipping at 10c just recently?), too many CR’s and ‘unknown unknown’s’ in it’s future atm, we see the value of IPT as being aware of it and tracking, very much a WL worthy stock, again would not be aware of it’s existence if not for periodically dropping into STT.
As for where the markets are going, with all the geopolitical noise around and if you believe the ‘talking heads’ commodity super cycles left right and centre the garage has NFI other than the historical certainty that interest rates define asset class’s (until they don’t).
At small end took a position in PPS off back of qtrly, watching one particular beaten down coal stock and AVH to renter into daughters account, refocusing on U and stuffing around trading the larger caps for max 5%, other than that refer NFI status above.
Anyway BH just out of shower and the Hound eager to lead his humans out onto cafe circuit, we take the long way thru a patch of state forest, BH complaining about the drizzle and affect it might have on new hairdo, the state forest is where Geoff & Petula have their hollow so made a mental note to grab some natural almonds for the pocket in case of a 'meet up' with the TA crew.
