Not seeing the market atm, let’s just say the lads beat the index and leave it at that.
U continues with strength, our investment group is of one mind with exposure to U, you should have an investment component, trade it by all means (looking over brought ST atm) but with the obscenity of a 10 billion biomass upon us U will continue to mature.
Feeling a bit naked last few weeks as have no exposure to Li production, was going to reenter PLS ex div mid-week but tracking the price of spodumene ex China in no hurry, agreed with G6 above something going on with LTR on pricing action Friday but being a contrarian like entry on discounted support so have the crew on the rail tracking a weakening PLS SP for base although don’t think the cockies have their eyes on the prize lately, too busy bitching about quality of almonds coming out of the Coles distribution network over last month or so.
Had a few suss batches, back to the soft chewy crap while the high-quality crisp nuggets of goodness are exported to the big Asian hotel markets at the dictate of the profit motive. Bloody Agri corporates, almonds a high profit but water intensive crop, the corporates have moved in over last couple of decades to exploit through scale. Scale adds to overall cost of water but can accommodate it but stuff balanced food production (non almond) from small scale mum & dad farmers into domestic markets or environmental outcomes. Apparently 70% of corporate crop exported, bloody unAustralian the cockies reckon, a form of ‘rail abuse’.
Did offer the crew a default back to sunflower seeds, that shut them up, their rebuttal being best to keep up the pressure on the corporates from 'the rail' and get the daughter to suss out supply security from non Coles sources in Canberra.
Mentioned CLG for its outstanding 4E some weeks ago, also warned seller ‘in market’, well still there but watching very closely for large entry.
The small EV base metal producers while all unprofitable with a Cu price of 375US/pd seem to have bottomed, hold small exposure to A1M & AMI, flicked AMI for brokerage and doubled down on A1M, EV of not much more than $100m, no debt with strong balance sheet, good management. If all the talking heads are correct and we are indeed looking at Cu supply debt from 2024 on this will be trading at multiples of current SP in 5 years. LT hold.(well ya gotta have a plan)
Talking of LT holds still open DUG, will probably track sideways till next leg up, got a bit of the mini TLX about it in its trading pattern, DUG's FA suggests higher MC over time.
Have been sleeping out with the crew in the garage as the BH pulled some back muscles, just informed I must return to the matrimonial bed tonight as the BH’s back on the mend but having trouble sleeping without the decades familiar 80kg lump beside her, she has always been an ‘active’ sleeper, all movement with limbs searching for something to hit, apparently being a lawyer needs something to attack and harass even while in the unconscious state for a relaxing shut eye.
Arh well, back to the adult world which apparently for me is impersonating an 80kg punching bag counterweight while the princess gets her beauty sleep.
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