James Kirby

And they had a company called Solo Oil way back, like a million years ago, in the oil crisis.

And they had a hedging arrangement with one of the majors there.

It was a long-term hedge.

And they had bought this oil really cheaply, like really cheaply.

And the oil price, it tripled in the 70s, you know, but these two guys had this arrangement and the oil major, it never reneged on the price they got.

So they were able to sell oil much more cheaply than the big oil companies at the time and make a profit of it.

It was like the origins of their business.

of their fortune.

So it just shows you, doesn't it?

You know, you can get it right, you can get it wrong.

And there's stories all around the world of people who got it wrong, isn't there?

It's amazing.

It's like you can have this company and they can do everything right.

And everyone can work really hard and they can be excellent in every way.

And if someone in the finance department gets the hedging wrong, they can blow the whole thing up or they can do very well.

So that's one of the stories I think that you should be aware of, folks, in terms of how the markets are going right now, how it really is happening, what's really panning out.

in relation to this oil crisis for our shares.

Just more generally, Eric, the US is tearing away again, really, isn't it, on Wall Street compared to our own market, even though they face more or less the same set of dynamics.

That is, they have had a, it's a global issue, right, the price of oil.

How do you think this will pan out from here?