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Black Gold Industry Discussion

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tccroy
    20-May-2026 13:31  
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Short seller rampant
 
 
FOREVERFREEDOM
    20-May-2026 13:20  
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Ya, dissappointed. all are MOU entered, not solid contracts yet. BBs take chance to unload above 60c, now can collect back

ahberngh      ( Date: 20-May-2026 13:17) Posted:

May go below 50c today.
Although I am unhappy, I am still not in loss territory.
For those those who bought above 60c, no choice but to wait.

 
 
ahberngh
    20-May-2026 13:17  
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May go below 50c today.
Although I am unhappy, I am still not in loss territory.
For those those who bought above 60c, no choice but to wait.
 

 
jm2212
    20-May-2026 13:12  
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50c coming.... sad
 
 
FOREVERFREEDOM
    20-May-2026 13:02  
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0.535 coming

yoga123      ( Date: 20-May-2026 11:27) Posted:

Technically, it seems that the big players are likely trying to form the right shoulder.

FOREVERFREEDOM      ( Date: 20-May-2026 09:24) Posted:

Break EMA 50 dy. G


 
 
yoga123
    20-May-2026 11:27  
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Technically, it seems that the big players are likely trying to form the right shoulder.

FOREVERFREEDOM      ( Date: 20-May-2026 09:24) Posted:

Break EMA 50 dy. GG

JurongW      ( Date: 19-May-2026 17:58) Posted:

At this stage, it' s hard to tell.  Let' s see if the 50EMA and lower channel can provide support


 

 
tccroy
    20-May-2026 10:50  
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Collected at 55

ozone2002      ( Date: 20-May-2026 10:33) Posted:

Last:0.56        -0.005
best time to collect fallen durians


ozone2002      ( Date: 19-May-2026 14:48) Posted:

Last:0.57        -0.02
release all the good news but stock get dumped
weak hands get shaken off and passed onto the big boys who happily collect cheap


 
 
ozone2002
    20-May-2026 10:33  
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Last:0.56        -0.005
best time to collect fallen durians


ozone2002      ( Date: 19-May-2026 14:48) Posted:

Last:0.57        -0.02
release all the good news but stock get dumped
weak hands get shaken off and passed onto the big boys who happily collect cheap


ozone2002      ( Date: 19-May-2026 09:58) Posted:

Last:0.58        -0.01
recent take down of Geo looks to be a stop hunt operation
collect stop losses by forcing price breakdown below stop losses and collect cheap to ride it up

 


 
 
FOREVERFREEDOM
    20-May-2026 09:24  
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Break EMA 50 dy. GG

JurongW      ( Date: 19-May-2026 17:58) Posted:

At this stage, it' s hard to tell.  Let' s see if the 50EMA and lower channel can provide support.

yoga123      ( Date: 19-May-2026 17:30) Posted:

Bro Jurong, do you reckon it will potentially result in the right side of the Head and Shoulders formation being developed


 
 
tccroy
    20-May-2026 09:14  
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Last time the government said curb production, then last month they decided to lift the curb due to Iran war.
Their purpose of saying this is most probably they wanted higher tax. They won't do it to harm their economies

WBdisciple      ( Date: 20-May-2026 09:05) Posted:

Analysis on the news of Indonesia plan to tighten state control over commodity exports

1. Common occurrence of such news in Indonesia as a sounding board to the market reaction - Yesterday sell down shows it is an unpopular policy viewed by investors that will be a key factor in proceeding ahead by the authorities. 

2. Palimermant voting needed for such plans and the entire process would take at least 6-12 months with voting/debates required before it is put to a vote. With various stakeholders interest, unlikely the vote will go thru.

3. The Ministry of Energy and Mineral Resources has denied these plans:
https://www.asatunews.co.id/kementerian-esdm-bantah-ekspor-minerba#google_vignette

This is for reference only

 

 
ahberngh
    20-May-2026 09:13  
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This is why I think there is a mismatch between promise and reality,
which may be lead to a lack of confidence.
Wait and see how all these play out.
Just my opinion, no offence to anyone.

WBdisciple      ( Date: 20-May-2026 09:05) Posted:

Analysis on the news of Indonesia plan to tighten state control over commodity exports

1. Common occurrence of such news in Indonesia as a sounding board to the market reaction - Yesterday sell down shows it is an unpopular policy viewed by investors that will be a key factor in proceeding ahead by the authorities. 

2. Palimermant voting needed for such plans and the entire process would take at least 6-12 months with voting/debates required before it is put to a vote. With various stakeholders interest, unlikely the vote will go thru.

3. The Ministry of Energy and Mineral Resources has denied these plans:
https://www.asatunews.co.id/kementerian-esdm-bantah-ekspor-minerba#google_vignette

This is for reference only

 
 
WBdisciple
    20-May-2026 09:05  
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Analysis on the news of Indonesia plan to tighten state control over commodity exports

1. Common occurrence of such news in Indonesia as a sounding board to the market reaction - Yesterday sell down shows it is an unpopular policy viewed by investors that will be a key factor in proceeding ahead by the authorities. 

2. Palimermant voting needed for such plans and the entire process would take at least 6-12 months with voting/debates required before it is put to a vote. With various stakeholders interest, unlikely the vote will go thru.

3. The Ministry of Energy and Mineral Resources has denied these plans:
https://www.asatunews.co.id/kementerian-esdm-bantah-ekspor-minerba#google_vignette

This is for reference only
 
 
tccroy
    20-May-2026 08:56  
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https://thehill.com/opinion/energy-environment/5882226-coal-asean-energy-security/

ASEAN returns to using fossil fuels, backing out from net zero plan. And only plan to phasing out at the earliest 2040 and that may delay till 2050. So Geo can still enjoy the profits for at least another 15 years which is too far away from totally phasing out. And we can continue to collect bumper dividends from Q3 onwards
 
 
yoga123
    19-May-2026 18:58  
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Thanks for sharing your insights. 👍

JurongW      ( Date: 19-May-2026 17:58) Posted:

At this stage, it' s hard to tell.  Let' s see if the 50EMA and lower channel can provide support.

yoga123      ( Date: 19-May-2026 17:30) Posted:

Bro Jurong, do you reckon it will potentially result in the right side of the Head and Shoulders formation being developed


 
 
JurongW
    19-May-2026 17:58  
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At this stage, it' s hard to tell.  Let' s see if the 50EMA and lower channel can provide support.

yoga123      ( Date: 19-May-2026 17:30) Posted:

Bro Jurong, do you reckon it will potentially result in the right side of the Head and Shoulders formation being developed ?

JurongW      ( Date: 19-May-2026 15:06) Posted:

Bearish engulfing candlestick - Support at 56.5 and 55.5 within the channel



 

 
yoga123
    19-May-2026 17:30  
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Bro Jurong, do you reckon it will potentially result in the right side of the Head and Shoulders formation being developed ?

JurongW      ( Date: 19-May-2026 15:06) Posted:

Bearish engulfing candlestick - Support at 56.5 and 55.5 within the channel


 
 
tccroy
    19-May-2026 17:28  
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https://www.straitstimes.com/asia/east-asia/china-burns-more-fossil-fuels-for-power-as-coal-production-slips

Summer is approaching, more fossil fuel will be used
 
 
FreshWater
    19-May-2026 17:08  
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Anyone shared this video before?
There are alot of good information and details on the progress of Geo Energy with insights from Adam and Philips.
Note this video was 1 month ago and some " doubts" and " pending approval" has sinced been cleared / confirmed.

I enjoyed the details of this video as a Geo Energy investor.

https://www.youtube.com/watch?v=fAhxfZXeQnI

Disclaimer: DYODD
 
 
 
JurongW
    19-May-2026 15:06  
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Bearish engulfing candlestick - Support at 56.5 and 55.5 within the channel

 
 
ozone2002
    19-May-2026 14:48  
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Last:0.57        -0.02
release all the good news but stock get dumped
weak hands get shaken off and passed onto the big boys who happily collect cheap


ozone2002      ( Date: 19-May-2026 09:58) Posted:

Last:0.58        -0.01
recent take down of Geo looks to be a stop hunt operation
collect stop losses by forcing price breakdown below stop losses and collect cheap to ride it up

 

ozone2002      ( Date: 19-May-2026 09:12) Posted:

  Last:0.6        +0.01
Big positive announcements but small gains in price


 
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