Nothing much going on, stating the obvious U strong and Au not bad.
Taking our queue from Harry the huntsman, the new man in the team, has a very high kill ratio, probably 9 out of 10 times he initiates a cockroach chase he is successful, show me a human trader mouthing a 90% success rate and I’ll show you and exercise in BS. He is very particular in his engagement, let’s many a cockroach just wander past, something amiss with the kill set up, but when he decides to ‘go’ a very high probability of outcome indeed.
Not a bad trading lesson, long term strategies are maintained by high certainty of outcomes, whatever your strategy is.
Been watching CLG for months, took a position about 2 months ago and got out a few weeks latter for about 5%, didn’t look right, timing wrong. 1st half FY23/24 4D approaching, motivation for 2nd attack is the 1st 4D reflecting 100% contribution of ISP Tek, not sure the market appreciates this.
Other than that just holding a few U opens, few other stocks not doing much but did add to WAF during the week.
Unhedged, resource stellar & growing, trading at multiples discount to peers (sovereign risk I assume).
Would harry go WAF? He doesn’t take part in forecasting meetings, more a no nonsense ‘take note of what I do not what I say’ type, hanging around with Frank he doesn't suffer fools and has quite a disdain for the mammals in the garage and their incessant emotional noise so guess time will tell.
BH & Lads in garage have Malaga in thoughts.
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