/biz/ - Business & Finance

GLTA of you cuties

>>54784097
same anon here.

>thoughts
Low cost gold majors have very strong cash flows at these gold prices. Gold could drop to $1,800 and they would still make loads of money. This gives them the ability to pay down debt, strenghten their balance sheet, make capital investments, and return money to shareholders. The increased M&A activity as of late is a symptom of this, and it's also a classic sign that a bull market is ongoing. Other commodity producers are also enjoying great FCF, not just gold. Energy is still doing very well, uranium supply is still in deficit and the price holds well (RR points out that it costs like $65/lb to produce the stuff globally speaking as well), oil remains strong thanks to majors continuing to delay capital expenditures and focusing on returning money to shareholders. Copper, iron ore and other metals have maintained relatively strong prices, though an imminent recession could ease the prices for a year or two. Majors in general are a fairly safe place to be because they have lower operating costs and they typically have strong balance sheets and access to credit. If a recession pauses the commodity bull for a year or two the majors will just keep on keeping on while the juniors will be at risk

>favourites
I admit I still have lot of DD to do but in the gold space my favs are Endeavour Mining, B2Gold, Agnico Eagle, Barrick, Newcrest, Osisko Gold Royalties, WPM and Franco-Nevada. The aforementioned miners are lower cost than most other majors, and the royalty companies' business model makes them essentially OPEX free, leading to very high operating margins (their only costs are capital costs, debt and G&A, and WPM/FNV are debt free). Newcrest is in the process of being taken out by Newmont so it's pretty much like free money to me. Endeavour and Agnico are great at capital expenditures. B2Gold has low cost assets and great balance sheet and they pay dividends very readily. Barrick has good copper exposure in addition to gold.

Took long positions in TRP and PXD these past few days. Also PXD and OXY calls, though I sold the former for some nice profit. Very happy to have those positions right now. I'm a bit more concerned over some of my puts since there was a bit of a surprise rally at the end of the week. But we'll see where things go.

Anyways, have a peaceful and fulfilling Christmas weekend boys! I hope you all get to spend some quality time with loved ones.

>>51012618
I'm also interested in shorting/buying puts for RBLX. The company was recently listed, keeps losing more money each quarter. Deeply negative net profit margin. Chart pattern looks like it's exiting from "return to normal" and will probably crash through the measly support.

Another one might be FSLR. Making a little bit of a profit but had almost 2x in one month and bounced off support. I don't think it will break it and will instead cool down soon. I already own some puts here


>The pajeet has won me over with tales of SHOP dilution.
QRD? Looks like it has been beaten down badly already. In addition to shorting SHOP, a friend of mine is shorting DLTR & COST. Seems like he is expecting retail stores to come down a lot

>>28732395
Most CEOs have answered my emails, though sometimes I send the message to IR who also give answers and are equally helpful. Online conferences where you can ask questions are also comfy, just last week I asked a geo what it's like to explore in Fijian jungles and whether it's easy to miss outcroppings or overburdens and he was stoked to be able to tell a little bit about his work.

The one that prompted me to make the post you're replying to is Rockhaven Resources. CEO Matt Turner seems like a great dude, he practically radiated excitement in his answer to my enquiry. I asked about where the company is headed, what kind of work he expects to get done this year and whether he agrees that marketing for the company should be increased. He agreed, saying that "Marketing and Company Awareness really has to be increased. You are 100% correct that the broader investing public is still quite unaware of Rockhaven and its Klaza Project. We started out 2021 with a BNN ad (still ongoing) and that has helped, but yes, we definitely have to ramp this up into high gear, especially with the PFS on the horizon." He also told me he expects the company to focus explicitly on finishing the PFS as well as getting permitting, and a longer term goal for the company is to "de-risk, de-risk, de-risk… keep moving the project forward until a suitor comes up with a fair enough proposal."

I would post the screencap of the entire message with my name censored but I'm on my phone so maybe later. Also I would totally call these CEOs by phone but I'm a yuro poorfag and I'm afraid of the phone fees. I would love to discuss with the CEOs about their respective projects, I'm sure many of them would be thrilled to tell me in their own words. If you live in America you can probably make a call for an accdptable price, CEOs will usually answer you and will usually be more than happy to tell you about their company.

>>25700691
First for cheapies!