What’s your big gamble? (Volume 4)

[Adam.]

Chris Type R said:

RNS out - https://www.londonstockexchange.com/news-article/E...

Thanks, not great but rather different from the hysteria

[asfault]

A question.

I have the wisdom tree nat gas etf,
currently closed at $0.0080 (spread is about 0.0002
It should track the nat gas price 1 for 1 as it is not leveraged.
However current gas price is 3.09

Back in May I bought alot of this at $0.0080 and the current gas price was 2.59.

So It has risen 20% but the etf has not.
Currency price is neglible it has barely changed.
Am I missing something?

[NowWatchThisDrive]

asfault said:

A question.

I have the wisdom tree nat gas etf,
currently closed at $0.0080 (spread is about 0.0002
It should track the nat gas price 1 for 1 as it is not leveraged.
However current gas price is 3.09

Back in May I bought alot of this at $0.0080 and the current gas price was 2.59.

So It has risen 20% but the etf has not.
Currency price is neglible it has barely changed.
Am I missing something?

Without looking at the specifics, I'm going to guess it's the classic "gotcha" of commodity ETFs: cost of rolling futures

[WindyCommon]

NowWatchThisDrive said:

asfault said:

A question.

I have the wisdom tree nat gas etf,
currently closed at $0.0080 (spread is about 0.0002
It should track the nat gas price 1 for 1 as it is not leveraged.
However current gas price is 3.09

Back in May I bought alot of this at $0.0080 and the current gas price was 2.59.

So It has risen 20% but the etf has not.
Currency price is neglible it has barely changed.
Am I missing something?

Without looking at the specifics, I'm going to guess it's the classic "gotcha" of commodity ETFs: cost of rolling futures

Yup. Good explanation here: https://macrohive.com/hive-explainers/commodity-oi...

[asfault]

WindyCommon said:

NowWatchThisDrive said:

asfault said:

A question.

I have the wisdom tree nat gas etf,
currently closed at $0.0080 (spread is about 0.0002
It should track the nat gas price 1 for 1 as it is not leveraged.
However current gas price is 3.09

Back in May I bought alot of this at $0.0080 and the current gas price was 2.59.

So It has risen 20% but the etf has not.
Currency price is neglible it has barely changed.
Am I missing something?

Without looking at the specifics, I'm going to guess it's the classic "gotcha" of commodity ETFs: cost of rolling futures

Yup. Good explanation here: https://macrohive.com/hive-explainers/commodity-oi...

Brilliant thank you. Luckly dont have too much in this but i couldnt find any info on it other than reading the document attached to it. Its not what I thought it was though so will have to have a think what i do with it now.
Ta

[daos]

Anyone lumbered with EVRAZ or polymetal shares? I’m trying to get a valuation for an estate. I feel they are essentially worthless but getting this in writing is proving difficult.

[ujio]

daos said:

Anyone lumbered with EVRAZ or polymetal shares? I’m trying to get a valuation for an estate. I feel they are essentially worthless but getting this in writing is proving difficult.

EVRAZ is still showing in my portfolio but I've written them off as a tax loss. Don't think they will be coming back.

[cadmunkey]

daos said:

Anyone lumbered with EVRAZ or polymetal shares? I’m trying to get a valuation for an estate. I feel they are essentially worthless but getting this in writing is proving difficult.

They are worthless without a share certificate. Some brokers issued them, others didnt unless you specifically requested them.

[isleofthorns]

Gone down the plug with Plug Power today!! Anyone else in the ride? Stick or twist?

[Skyedriver]

I used to be a big fan of Sir Martin Sorrell.

[Chris Type R]

BAB motoring along quite nicely - 415.8p compared to a couple of years ago.

[petemurphy]

Chris Type R said:

BAB motoring along quite nicely - 415.8p compared to a couple of years ago.

fk you bab!

[i4got]

petemurphy said:

fk you bab!

I feel all nostalgic now.

[andyb]

Skyedriver said:

I used to be a big fan of Sir Martin Sorrell.

Certainly good at buying things (and allegedly finding novel uses for his expense account). But higher interest rates make the 'buy to grow' model more challenging. Probably not a great time for any ad agencies though right now - certainly my WPP shares are well under water.

Edited by andyb on Friday 10th November 19:07

[Legend83]

Still a long way to go before production but it's looking more and more likely I may make some decent money on KOD.

40% resource upgrade statement today, with completion of funds for DMS plant build from Chinese partner due by end of this week (fingers crossed)...

[Adam.]

Legend83 said:

Still a long way to go before production but it's looking more and more likely I may make some decent money on KOD.

40% resource upgrade statement today, with completion of funds for DMS plant build from Chinese partner due by end of this week (fingers crossed)...

well done, when did you buy in?

[Legend83]

Adam. said:

well done, when did you buy in?

Late 2020 was my first batch, been adding small amount since.

Average is 0.12p.

[Adam.]

crikey - very well done

All I have done is lost money on AIM miners

[Legend83]

Adam. said:

crikey - very well done

All I have done is lost money on AIM miners

Pure pot luck - I recall KOD at the time being described by someone on here as "one bloke and his metal detector" and I thought I'll have some of that .

Although to my credit instead of taking my initial winnings I actually did some research and established it was about as low risk an AIM miner as you will find and stuck with it.

[asfault]

Legend83 said:

Adam. said:

crikey - very well done

All I have done is lost money on AIM miners

Pure pot luck - I recall KOD at the time being described by someone on here as "one bloke and his metal detector" and I thought I'll have some of that .

Although to my credit instead of taking my initial winnings I actually did some research and established it was about as low risk an AIM miner as you will find and stuck with it.

Haha that pretty much sums up all the aim miners.
Was out of kod back in May. No intention of putting anything into aim again until there is another worldwide crisis and stock market crash printy printy situation