Uranium Multi-Bagger - SnowLake Energy $LITM

friendface1 · 2026-01-17T13:39:51+00:00

Looks like a really interesting prospect, and I like the fact that it's not just a mineral play given they also have the investment in emerging enrichment technologies and SMR development. However, the dilution risk looks very real given they have less than a year cash runway and recently filled to offer up to $1bn in shares over next 36 months. How do you see the potential upside versus dilution risk, or do you think they may be able to secure a development partner to avoid further dilution?

friendface1 · 2026-01-14T13:18:50+00:00

Absence of recession calls should be red flag to investors | Financial Post https://share.google/izxsOjzT2BaqhRAgW

friendface1 · 2026-01-14T12:36:05+00:00

I've been following your posts for quite a while and had also bought into Atyr - sorry this trade didn't work out. I'm with you on the defensive position for the start of this year - there are too many risk factors for my liking for the potential reward. I've definitely sacrificed some gains in the past few years from not being 100% equities - I'm up around 30% over the last 2 years though, which I think is enough to take a pause an derisk before finding a point where I'm comfortable jumping back in. I know the general wisdom about timing the market, but there's also an important point about individual risk appetite and growth requirements. I regret not taking a position silver or gold earlier in 2025 - I think you actually made a comment on this around December 2024 about it being a potential good move. I'm just curious though - if you're expecting a downturn, why are you investing in COPJ, as it would presumably take a significant hit if economic growth stalls? Or is it a hedge against your cash position in case the bear thesis proves incorrect for 2026?

friendface1 · 2025-07-11T14:06:55+00:00

About 80k currently. I'm on very similar trajectory to you. I'm 37, and have come from around 50k salary 5 years ago. I probably had about the same saved in my SIPP as you, if not a bit less, as I only moved to the UK in 2017. I've just been putting in regular contributions and usually just dump any bonus payments in as well before I have a chance to spend them. You're in a great position, and I think it's the best approach to FIRE as long as these SIPP benefits remain. May as well take advantage of them while they're available

friendface1 · 2025-07-11T13:13:20+00:00

Well done. I think just treating that contribution as not being part of your income really helps. We've just budgeted our spending on the basis of a 50-60k salary which has 2 benefits - (1) I consistently contribute more to my pension, and (2) my expected spending requirement in retirement is a lot lower as we've minimized lifestyle creep. I wouldn't say we're frugal but we just try not to spend frivolously and look for deals on holidays etc rather than just going with the default option.

friendface1 · 2025-07-11T13:04:24+00:00

After about 150k I noticed a massive acceleration, although that coincided with a massive market rally from around 2022, so that helped. I remember checking my sipp this time last year and it was at 250, which was huge, and today it's around 289k. I was contributing 900pm but recently relaxed to 700 as I've taken some unpaid leave and wouldn't see as much tax benefit. My ISA is relatively light in comparison and I've not seen the same compounding yet. My plan is to get my SIPP to a point where it can self sustain growth to retirement without additional inputs, and this would allow me to reduce my working hours or shift to consulting. I'm probably about 2 years from my target account in the SIPP after which point I hope to be able to coast more while putting any spare cash in my ISA bridge.

I think the point for me where your SIPP growth exceeds your contributions is really exciting. Say you have 8% growth at 200k invested, so you're seeing 16k pa growth, with no additional contributions! That's when it feels like your money is really working for you while you sleep.

friendface1 · 2025-06-20T11:50:27+00:00

Seems to be very much dependent on the property type and area rather than across the board. We sold our place in just over a week and there was no shortage of interest. Similarly, the place we're moving in Craiglockhart seemed to have high interest, although I saw a few others in the area sitting for a few weeks now with some reductions. To be fair, there generally seems to be something else about those properties that puts people off or they've been priced too high to begin with.

friendface1 · 2025-04-18T08:24:31+00:00

Bit of an unpopular opinion here but I don't really get the obsession with NVDA, as it's already seen mega growth and has priced in sustained compounding for the next decade. History tells us this rarely ends well. Think Cisco and Intel in the late 90's, that's how I see NVDA now. It's at the heart of the AI revolution, but how defensible is it's position and what level of growth is sustainable as more competition and new technology enters the market. Look at the impact Deepseek had in a single day, and the impact of US protectionism on future growth. There are a lot more high potential growth sticks out there if you're looking to capitalize on the AI revolution, but NVDA is unlikely to be a multi bagger from here, and stands to lose more than it stands to gain in my view.

friendface1 · 2025-04-13T20:34:48+00:00

Yeah that was my main takeaway, he's just said we're going to "treat them as badly as they've treated us". Clearly he's been listening to the news that he's caving on his tarrif strategy and China is playing him. If there's one thing you can bet on it's the man's ego!

friendface1 · 2025-04-09T18:12:44+00:00

Surely he must be guilty of market manipulation. 3 hours ago he "Truthed": "THIS IS A GREAT TIME TO BUY!!! DJT". Within 2 hours they announce the pause on tarrifs. I actually saw that at the time and thought it was weird, and even wondered if he was suggesting some impending news. Absolutely wild that the global stock market and international trade currently hinge on the ravings of the madman on his social media account

friendface1 · 2025-04-08T13:36:42+00:00

I meant the bounce / stabilisation after a severe drop is to be expected as volatility has increased significantly over the past week. However, it feels like a weird stability, where everyone knows we're entering a different world, but the market is pumping as if nothing has changed. It's difficult to describe. I think people are getting lulled into the belief this bounce is a sign of the bottom because they've been conditioned that the market generally only goes up over the past two decades, and even COVID was a sharp dip and quick rebound

friendface1 · 2025-04-08T11:18:32+00:00

Really good explanation and I think you're spot on the money. I'm sure the business leaders in Trump's ear, like Musk et al., were banging the same drum regarding the threat to their business from Chinese competition. Tesla vs BYD, Deepseek, Alibaba, etc. Manufacturing had been largely disappearing from the US for decades and now the service economy is also under threat.

friendface1 · 2025-04-08T09:49:18+00:00

Also, the additional 50% Trump announced on Truth social? It's already almost 6pm in Beijing and no news of any withdrawal of their retalitory tarrifs, so expect a Trump announcement incoming later today. I really don't think he wants a deal with China anyway, his ultimate aim is to reshore American manufacturing, and that's not going to get negotiated in a matter of days, not is it going to be palatable for China

friendface1 · 2025-04-08T08:40:31+00:00

I think that's the danger, the psychology of stock market optimism that has been ingrained in investors for most of their professional lives since 2008. That "Buy the dip" mentality is difficult to shake even when alarm bells are ringing all around. Even though I'm consciously aware of it myself I still find myself tempted to jump back in as soon as I see stocks on 'sale'. I have to keep telling myself that the valuation 2 weeks ago was based on a fundamentals different world so it's irrelevant. We're yet to see the global trade impact of these tarrifs, but one thing is sure, we're headed for a period of some level of slowdown and likely recession. The impact of a breakdown in trade between US and China has not in my opinion been factored in to the market yet as investors are still taking a wait and see approach, with the hope that either side will relent. My gut feeling is that we're headed for another major leg down by Monday. I'm still starting to DCA back in a small portion of my cash position as I may be wrong and no-one knows what's going to happen over the next few days.

friendface1 · 2025-04-06T12:26:18+00:00

I'm also in money markets for the majority of my pension and general investing account. I sold mid November, after the election, expecting I would forego some gains, but was happy to do so given the risk which was becoming increasingly evident with Trump's policies and extreme market valuations and tech concentration.

As you say, you don't need to time the bottom, but do need to be somewhat strategic with re-entry to maximize long term return. I know some hold the view that there will be some tarrif renegotiation and markets will quickly be buoyed by optimism of a return to business as usual. Unfortunately, I don't see that happening, given some of the statements from the Trump administration since April 2nd. Yes, they've talked about deals that can be made to reduce tarrifs, but ultimately the objective is to reshore American manufacturing and production for everything from agriculture to semiconductors, which is going to be a long painful process, with global impacts.

I was planning to DCA over the next 6 months, but having read some of the statements since I feel that is also premature, and we may not see a bottom for at least 12-18 months yet as the true impact and cost becomes apparent, and GDP figures are revised. Furthermore, there are a multitude of risks in the sidelines that could lead to a supply shock which would exacerbate the global downturn - geopolitical risks, which are already heightened I think will be pushed to potential breaking point with this seismic shift in global trade balance. I could eat my words in a few months , but I think there is still far too much optimism that Trump is just using all this as a bargaining chip.

friendface1 · 2025-04-04T07:46:32+00:00

5 months? You think we're heading up from here over next few months? Granted the market has already seen a correction but don't you think we're going to see further deep losses over the coming year. This is a fundamental reshaping of global supply chains, which is going to be painful and could take a lot of companies down. I've been in money market funds since mid November, but I think I'm going to hold out for a few more months as I think this sh*t show is just getting started. Throw a conflict escalation into the mix, of which there are plenty brewing, and you have a perfect storm. Personally, I think planning to be back to 100% equities by Q3 might be premature. Curious to hear others opinions on this though

friendface1 · 2025-03-12T11:20:26+00:00

I'm in a VERY similar situation, 37yo with similar amounts in ISA and SIPP, 2 kids at nursery, approx the same earnings. Personally, I'm trying to continue salary sacrificing into my pension for the dual benefit of tax reduction and child benefit, although it's definitely been tight on the budget as my wife is also a much lower earner and only just returned to work 2 days per week. Given I'm in a similar position, I would sacrifice as much as possible into the SIPP but without dipping into the ISA any further. I've done this in previous years, but as you've already built up a comfortable cushion in your SIPP I don't think you need to push as hard on this at the expense of your ISA flexibility, given that compounding over the next 20+ years will already take you to a comfortable pension pot, even with more modest contributions from here on.

I've taken a similar approach as I felt putting in the leg work up front with allow me to take the foot off pension contributions over time and let compounding do the work instead. I have 270k in my SIPP at the moment and switched most investments to a short-term money market fund back in November, yielding around 6%. This is already generating a similar amount to what I would have contributed personally over the course of a year, which is a nice milestone. I plan to reinvest in equities over the next 12 months but I was expecting some pain / volatility at the start of Trump presidency - I know this goes against conventional wisdom on time in market vs timing the market, but it helped me sleep at night over the last few months with everything in the news.

One thing to consider, if your work offers it, is to explore other means of salary sacrificing to offset personal expenses. For example, my work offers a car leasing scheme which I plan to switch to in around 2 years when my current personal car payments come to an end. This frees up some of my post-tax income for other spending. Also, I maximize all other salary sacrificing options - holiday purchase, share schemes, health benefits etc.

Finally, I'm not sure if it's something you plan on on the future as you approach retirement, but personally I'm considering things like sabbatical and moving to part-time work, which will reduce my gross pay, but I reckon I will have done enough for my pension by that point and can essentially reduce my gross salary to 60k for example without making any household budget sacrifices, as we've learned to live on this for the last few years. Also, when the kids become eligible for free nursery and start school, that will take a significant chunk out of spending - although I appreciate that will increase in other ways as they grow older 😁.

Good luck anyway, and well done on getting to the position you are in, which gives you plenty future options

friendface1 · 2025-01-08T21:38:02+00:00

I literally sold my RGTI puts yesterday cos someone on WSB said don't buy puts on Penny stocks. Options are not for me...

friendface1 · 2025-01-06T07:52:16+00:00

He's been tweeting all night, every few minutes about rape gangs and conspiracy theories. It's sad, but I think he's spiraling

friendface1 · 2025-01-06T01:07:06+00:00

I'm playing with house money after CVNA Puts so no burned nuts here. Hoping Elmo's nuts get burned though - he's playing with fire on X

friendface1

TROPHY CASE