Well they aren’t tangible projects and have proven that over the years to be completely non producing and far from assets but actually liabilities as the cash calls remain constant with out any income at all year after year!!!
And TD2 anyone that has any long term wealth building market knowledge at all knows exactly what happens to non producing oily pennys when the market turns negative on a global scale, like is tipped to happen in 2025, and the reset is drastically overdue currently and in Oz ridiculously overdue imo.
If you don’t know from the past TD what happens in the event of a GFC or similar is they actually half or even go to 10% of value as they did during the GFC because they are non producing of income and any ST potential in a down turn is absolutely obliterated for at least 2 years, and in MMR or BPH,s case that’s possibly all over red rover adding to the stack of useless projects they have as anchors and also having the Federal Government in court over the only real asset BPH and MMR hold, which again is Pep11 a asset anymore TD2 or just a massive liability moving forward in 2025, just like the other intangible projects Asset is hog tied to !!!!!
Add to this mess Trump winning in the US, and Australia in a election year 2025 and Australia spiralling out of control financially with some states actually technically bankrupt like Victoria currently, it’s pretty plain and simple to see why I’ve gone now to under 20% of my ASX holdings relative to 2023, cash is king in 2025 imo and it’s going to be definitely the time for buying 2025 and certainly not the time for selling imo.
Ive spoken with you about this before TD2, and with the world events all coming together currently like a perfect storm currently, in particular Australia because of our isolation and dependence on free trade and world trade without tariffs, 2025 is looking like a nightmare for the ASX and particularly the oily pennies and thus my cashing out of the sector in anticipation of the buying frenzy possible in 2025/26 for the whole cycle of long term wealth building to start again, like I’ve done successfully now on 6 occasions in my 40 year investment career, and it is one of the BIG secrets to success in this caper with out a doubt, knowing when to hold em and knowing when to fold em, just ask TD1 as he is a shining example of what not to do and that is gambling on outcomes and taking bets on the ASX, that’s simply a mugs game and I’ve told you that before BIG time, but you obviously choose to ignore it, your loss imo
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GL Sky Punter, your going to need a lot of it in 2025, and I will be in the Med with my family for the better part of it cashed up to the hilt, and possibly ready to re enter the market after the Re Set the world markets desperately need to have to move forward, I certainly know what I would rather be doing imo
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