STT Week end. Dec 2nd 2022, page-23

Li still strong, Au also having it's time in the sun with DXY weakness. The garages eyes on base metals particularly Ni & Cu.

Must be little bit wary as spots could just be a currency adjustment and not a function of primary demand, one whiff of China relaxing covid would provide momentum and as we all know in 2022, intelligence no match for the big Mo.

Long S32 but looking around the speccy end PAN & AR1 interesting, AR1 in particular. new producer and supplier of copper cathode.
Has been having start up issues concerning costs, production levels & cash hence the SP close to 52 week lows coming off a big run up about 7 mths ago, was tipped on STT at the time and a few here jumped on the tip and made some high % green. (Garage included, if memory serves me well the hound awarded a 'pick of the grille' for the effort by the BH.)

Getting the crap knocked out of it on the stock threads with the SP depreciation over last 6 mths, management being hammered, bemused when this happens with a start up as on a lot of occasions the SP issues are more a result of mindless momentum from retail driving the SP north in the 1st place to totally irrational levels only to retrace when sanity returns over time, not a lot management can do about human stupidity.

It's risky, one big plus is director(s) just keep on buying very large amounts of stock, TA benign with no real direction.
Last 4c showed improvement in production but costs a problem, increasing cashflow but profitability still just a future concept which was to be expected, upcoming 4c will be quite interesting, last CR recent at 37 so well underwater there.

Worth a spot on WL especially if Cu continues to appreciate, would have to be cheapest producer on ASX and management have large amount of skin in the game. DYOR hound sent the tawnies into the buy side last week for some low hanging fruit.



See a bit of pile on concerning the RBA, deserved but more a case of multi term political incompetence, with multi terms the make up of the BOD's of major institutions over time become political by appointments. Happens with both Red and Blue.

The CPI is a measurement of rate of change not an absolute, usually over a time period of 12 mths, it's possible for prices to double in 12 mths then hold those levels for a further 12 mths with the end result being zero inflation reported for the last 12. No reflection of the real world but no one is silly enough to suggest economists exist in that dimension, food for thought though, gotta think like the crazies in 2022. (could be wrong, too lazy to google it).

Hound & I got the internet up and running on the off gridder, now the BH, daughter & all her mates want to come up, the lads have spent a lot of time at the off gridder lately, a magical place that quickly takes a small position in your soul, we are starting to think of it as the 'wild garage', plans for defence of the perimeter being drawn up as I type.