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>> No.58060962 [View]
File: 185 KB, 1024x1242, autism-cmmg.jpg [View same] [iqdb] [saucenao] [google]
58060962

>>58059276
>I tend to be an open book as I learn also, and I'm trying to learn something.
You anons are the only ones that give a shit anyways. I will share what I know (and be honest about what I don't). I hope we all get rich.

>VALE looks very interesting. I like how they're involved in mining many different miners.

VALE is correlated enough where I feel like if I feel that steel is going to reverse I would swing trade it, and thus I'm going to enter a position in it. It's also a profitable company and not some stinker long shot, that's the nice thing about some of the steel/iron/coal related stuff, these aren't junk companies. Nothing against gold and silver but I feel like there is more charlatans in those and it's harder to find good stuff. I've so far made 21% returns on steel and iron stocks this year and while that isn't Nvidia or something, it's better than I'm making in t-bills and it doesn't seem like it's overhyped and getting talked about on CNBC all day. Moreso, I didn't experience the downturn last year.

>I work for a mine servicing company and could see other types of mines too, but mainly work longwalls, so I tend to go to coal mines. I do have skill on conveyor belts too, though, and could take that to metal mines or really any kind of mine.
Super cool, you have the hands on experience.

>>58059365
>>58060343
VALE isn't a diamond, for sure, but they have been lowering their debt. In '20 they had 20B in debt, '21 they had 18B in debt, then '22 they had 12B, then '23 14B. There is at least a trend of progress, but there is still enough risk where I wouldn't put a big position on them. It's more of a swing trade, not a company to fall in love with. They do have a ton of assets though, like 18B worth that outweighs their liabilities. So it's not some junk company.

For a super long term hold I'm looking at Hersheys. Maybe still a bit expensive, but, think the cocoa spike is an event and not a trend change.

>> No.57928176 [View]
File: 185 KB, 1024x1242, autism-cmmg.jpg [View same] [iqdb] [saucenao] [google]
57928176

>>57926957
We can form an autism alliance for sure. I'm very interested in met coal and have much to learn about it!

>Let's make a lot more steel for the world. We need an infrastructure overhaul anyway (but not a green energy transition).

I think we absolutely will. In fact, I think there is no choice. India's steel requirements alone will be massive. The Biden Infrastructure bill here in America will require massive amounts of steel to accomplish. That's before we get into onshoring and the protectionist policies that both presidents support (Trump may be more protectionist, but Biden is no slouch). There is no electrification without a huge influx of steel. That said, we'll have to watch the demand levels versus output levels - there is a lot of American capacity coming online, these steel companies have gotten a lot of capital over the past years and are growing. I believe eventually this will cause a fight for scrap, which, may help integrated mills. Met coal will be greatly needed imo.

I have a /cmmg/ book recommendation: "How the World Really Works" by Vaclav Smil. I think just about anyone here would enjoy it. I want to read more books by the author, they are very much on the pillars of civilization. How the World Really Works goes into steel, ammonia (for fertilizer), concrete, and plastics. It's also very approachable and easy to read, I wasn't overwhelmed (although it did send me on some rabbit hole researches but that's kinda the idea).

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