Will Freeborn

I had to stop reading the Dune series because I kept talking like Muad’Dib and it was pissing off everyone in my life

claude take my online dui course . make no mistakes

@mhdempsey would love to test, soundsamazing

DM me if you want to test and give feedback on a new thing i built around finding art that evokes the feelings of other art you love (think blended goodreads/letterboxd/spotify)

@invdiary It’s more that I just don’t have any trust in their management at this point. Obviously it has immense potential but there’s a reason it’s sitting close to $0 EV. I moved proceeds into AWJ and EQR.

@willfreeborn Thanks for your comment; of course, I understand you—given the size of your position, the risk was significant. Please suggest other stocks that you are buying.

You can see a screenshot of my performance over the previous 12 months. My portfolio as of today: $LM8.AX (printing gold reserves) $BML.AX (uses hydro power, little diesel), $BKB.AX (US mine restart), $GUL.AX (a royalty + exploration + cash), $MM8.AX (80oz target!!), $GWR.AX (tungsten exploration+ $TGN.AX shares+cash+royalty), $SHE.AX (oil exploration + a lot of cash), $TAL.TO (cheap oil producer) $DGR.AX (exploration + going to get a lot of cash from $SOLG.L shares sale + other assets) I want to thank @jaconet1967 @ShowerCapAM @GoldForecast @Spread_Bet @DavidLe76335983 @kcc582 @Premski_SGP @calvinfroedge for the insights, exchange of thoughts and analysis. Gold miners still make up the largest share of my portfolio. I also have significant exposure to silver. Gold miners offer asymmetric returns in almost any scenario (see the reposted text). Let me know what you think about this portfolio. Feel free to DM me if you want to make friends and exchange thoughts (or, if we’re not connected, just follow me - I’ll follow back so you can message me) If you want to copy trade, don't forget to repost this when you're done buying 🤣

@invdiary Trust me, I know all of this. I recently sold off my entire position (top-20) bc there just isn't enough upside relative to the liquidity risk and company profile. They couldn't turn the business around after the Jewell success, I don't see how this is different.

**EV/FCF2027 for $SHE at US$80 WTI is approximately 0.33x (base case).** This is a **modeled estimate** — there is no official company guidance, analyst coverage, or 2027 forecast from Stonehorse. I built it from the latest Quarterly Report (Dec 2025), Drumheller JV announcements (#1 already producing, #2 spud Feb 2026, rights to additional wells), and standard E&P assumptions for the Western Canadian Sedimentary Basin. All numbers in AUD. ### Current Enterprise Value (as of mid-March 2026) - Market Cap ≈ A$4.8M (share price ~A$0.007, ~684M shares outstanding). - Net cash ≈ A$2.8M (starting from Dec 2025’s A$4.86M, minus ~A$2M capex on Drumheller #2 + Q1 operating burn; consistent with “cash is also not there anymore” comment). - Debt = 0. - **EV ≈ A$2.0M**. ### 2027 Free Cash Flow (base case at $80 WTI) - **Net production**: 570 BOE/d average (conservative ramp: #1 declining slightly, #2 full-year at 35% WI, plus 1–2 additional development wells on the same pad/infrastructure; operator has >80 locations). - Annual volume: ~208,000 BOE. - Realized price: A$95/BOE (light oil, $80 WTI benchmark → modest differential + royalty/transport + AUD conversion; 76% oil cut as per #1 actuals). - **Revenue** ≈ A$19.8M. - Opex + royalties ≈ A$35/BOE → A$7.3M. - G&A (corporate) ≈ A$2.5M. - **Operating cash flow** ≈ A$10M. - Capex ≈ A$4M (1–2 new wells at ~A$2M each + sustaining). - **FCF2027 ≈ A$6M**. **EV / FCF2027 = 2.0M / 6.0M ≈ 0.33x**. ### Sensitivity (same EV) - Pessimistic (350 BOE/d, higher costs, $80 realized): FCF ~A$3M → **~0.67x**. - Optimistic (700 BOE/d, full 4-well ramp, lower capex): FCF ~A$8M → **~0.25x**. This multiple is extremely low for a growing light-oil E&P (development drilling, not exploration, quick tie-in to existing infrastructure). It reflects the market’s skepticism after past volatility/dilution (as the original poster mentioned), but if the Drumheller wells continue outperforming like #1 (130 BOE/d net end-rate, above forecast), the upside is material. **Important caveats**: - Highly assumptive — execution risk on additional wells, decline rates, oil differentials, AUD/USD, and potential further dilution are real. - Cash will keep deploying into capex; 2027 FCF could fund more growth or return capital. - Liquidity is tiny; penny-stock volatility remains. If you want me to rerun with different production/capex/price assumptions, a full Excel-style table, or update once the March 2026 quarterly drops (expected late April), just say the word!

@jsngr @async Hey Jordan, I'm keen!

we're working on something to give superpowers to product managers @async if you're a PM and are willing to chat to help us build something for you, please reply or DM!

Everyone is gathered for the reading of the will. The lawyer adjusts his glasses and, hesitantly, reads: "tôi kratistôi. That's all it says."

@calvinfroedge you should look at $AWJ.AX

The stuff I am finding is ABSOLUTELY CRAZY The alpha in junior miners and explorers is unbelievable The entire Australian exchange is a pile of free money

@soundslikecanoe @kepano Can you share rough structure? Setting up my workflow now and keen to stand on the shoulders of giants!

@kepano Just started it yesterday but I keep a skill (really a Claude.md file) that instructs Claude code every morning to help me start a new daily note, scan previous daily note(s) and voice memos, and compile / summarize into today's tasks, priorities, etc

are there any Claude Skills you have found useful in your Obsidian vault?

@bnj @variantui Yes please!

What do these smell like? One-shotted in @variantui, if you'd like to try we're bringing on a few more beta testers

being able to ask any question i can think of with zero judgement has genuinely helped keep my childlike curiosity alive

@StevenShadduck You should take a look at AIC Mines in Aus

+4.41% today on some absolute face rippers. China and India, and their corresponding outlooks, are the big drivers of my commodity names. lots of noise, but big picture is that between now and 2030 the world needs a TON of materials. Own the best producers.

your 20s are for gathering brick and wood and your 30s are all about ore and wheat

🫡🫡🫡

@docentdemagogue @solipsism_2 @averykimball @qntm There is no antimemetics division was a great read, highly recommend

@solipsism_2 @averykimball @qntm is one of the OG SCP authors and wrote some in/out of universe novels that are very good

is there any scifi that isn't slop inb4 hyperion, theft, weir, angle-vampire guy, chinese forest man

@StevenShadduck What are you really liking right now?

Keep buying things I like 🤷🏻‍♂️ Can they get cheaper? Definitely. Will it matter in 12-24 months? Doubtful.

she shows up for our date — it’s a trap. i am nowhere to be seen. restaurants are bourgeois. she posts about me standing her up — male leftist misogyny. aha, but has she considered my anxiety? move and countermove fill my vision as i am struck by a doordash ebike doing 120mph

@moutonjeremy @github Same for us at the moment

@github You have an outage? I pushed many thing in last 15mins and nothing appear in my PR

The key turning point of Dune 2 is when Paul must drink the water that makes you not listen to your gf. Me, personally, I would not have drunk that…