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18/11/24
12:27
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Originally posted by fluffynymph:
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Thoughts before I jog too far and hurt myself again .... Just a brief note, I'd say PEN is now in the process of being taken over. Heili is one of the top people in the industry within the US and elsewhere - highly respected hence the announcement pre-AGM. It's the project that has problems and all the resignations and differing positions makes me feel that corporate action is well underway. By whom is the key. No idea. I'm thinking whether to also buy now, but I think I'll wait as again I do worry about future downgrades from all angles. The IRR now has just collapsed too. 40X and now it's 20X? Just pause and think, but yes, trade away but the utter crap that is posted on twitter from nutter U bulls makes me quite angry, and I've been angry for some years. Social media, especially from the pro U rampers are a complete and utter farce and please don't listen to these self annointed gurus and yes, funds do lose bucket fulls. I can't remember but wasn't Black Rock involved back in the day. Personally, I was a massive U bull 20 or so years ago - how times have changed. I do hope our country does not go down this path. I've studied it long and hard however, much of my trading life actually. U is volatile so money can be made and lost at any given time. Just rambling and I rarely post much on this site anymore. No point.
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Great call fluffy. If a T/O occurs it may just bring my 10c oppies into play. I'll laugh my butt off at that one. IMVHO.