/biz/ - Business & Finance

wescan energy bros wagmi

Bros Rana fucked me.

>>51531503
>So I dumped my Galleon bags for a 40% loss at 32 cents a couple weeks ago, after begrudgingly coming to terms with the fact that the proposed mine isn't going to be very profitable if it ever gets built, and Pan American seems to have no interest in buying them out. Its since continued to dump and is now below 20 cents. Do any anons still holding think theres a good price level to buy back in at? From my understanding the price of gold needs to rise a lot for GGO to become attractive. It could still happen. I cant tell where the bottom is on this one which is why I got tired of Hodling, and Russell has been a pretty uninspiring CEO.
I do think it's a speculative buy here because it's now so cheap, only US$8-9M mkt cap. But I don't like leadership either, I think they made a huge mistake focussing on UG instead of OP. Like you said, the UG project outlined is very marginal. But looking at the resource it seems like at least a third is within the first 250m below surface, and there seems to be a lot of low grade excluded because it's not economical as an UG resource. There very well may be 500koz-1Moz of economical OP ounces.
Mgmt has talked about wanting to focus on UG because it's quicker and easier to get permitted and then do an OP later (???), I've never heard of anyone intentionally doing UG first and then OP because near surface OP ounces are almost always cheaper to mine. I believe they have said that they would do a study later on OP as well, hopefully they pivot to that sooner rather than later.

Someone give me a QRD on the Blue Lagoon news release

>>51532309
9 dusters and one decent hit

>lost on bayhorse
>lost on gold mountain
>lost on blue lagoon
>lost on lion one
That's it I'm buying SALT just for the moment, my portfolio will be 100% salt to reflect my financial situation

>>51532309
pretty much this >>51532367 but not the worst news, they did hit a structure that could host wider mineralization, but their probably going to have to move on to a different target.

>>51532309
The will go up. The lines don't lie. I've charted the graph and it's at least 10 business days

-red

>>51532460
>lost on Barrick
>lost on Kinross
>lost on Jaguar
>lost on Calibre
>lost on Impact
>lost on Silver Spruce
>lost on Irving
>lost on Galleon
>lost on SSR
With my track record, all SALT bros should exit immediately, this is a PSA

>>51532559

Luckily SALT has already gotten it's ass kicked pretty hard and at very worst will fall to $1.5, but most likely stops within 20% of where we're currently at.
I want to get more of it to average down a bit, so I hope it stays down a while longer.

>my order for GOG @0.15 isn't filled
GIVE ME MY SHARES DAMNIT

>>51532559
>>51532589
I just bought SALT today, been watching it for a while, and I think today might be the last day to buy to get the spinout shares, which could mean it will be cheaper soon

>>51532559
Also worth remembering that gold stocks are generally a leveraged play on gold price and that has gone down over the past 2 years while costs have gone up significantly. Everything has been dumpstered. Not necessarily mgmts fault.

>>51533029
That looks like a retarded nightmare to shovel off.

>>51532559
SALT just broke down through its 20, 50, and 100 EMAs... just sell it bro, the run is over

Alright, /cmmg/. I need to ask of you, do you think Krauts will keep getting rekt by the current energy crisis for 2023? If yes, don't you think it would be quite lucrative to buy puts on German producers? Should we look into this more? I'm sure the best gains on that front are already gone but I don't mind smaller gains either in this kind of environment. Energy prices are high as fuck, PPI is soaring and rates are rising in Europe. Seems like bear season!

>>51533104
you sound salty

>>51533150
If you expect Krautland to get rekt, then expect yuro to get rekt as well. Buying eur-priced puts doesn't sound that lucrative to me.

>>51533267
Surely the euro would only get rekt after an ECB pivot?

>>51532277
>Checked

If my lukoil shares ever escape international Jew prison and Galleon is still this low I am dumping it all into Galleon.

>lukoy trades @ 4046 rubles or $65

Its so maddening lads I read crisis investor and I am interested to see if it actually pays off

>>51533240
i'll buy it if it bounces off the 200 EMA which is the dark blue line

>>51533018
You probably missed out. The record date is Sep. 21 but, at least with my broker, you need to be holding 2 days beforehand.

>>51533313
You're probably going to make money but idk if it's worth the wait due to time cost of money. Blackrock bought a 10% share in Polymetal so i guess they know something. Maybe Russian capital markets will open sooner than we think?

Inflection bros...

So funny watching all the neo-nazi bayhorse FUDders crash and burn

>>51533651
Did they have news? I see some insider buying recently.

Putin going live soon, Moscow gold exchange can't come soon enough

https://www.youtube.com/watch?v=-pZDCfBVbSc

I wouldn't buy heavily into uranium at current prices (lots of stuff priced at around NPV8 on reasonable LT contract assumptions), but I have a large position (>60% of pf) which is up by around 70% on average. If it weren't for tax issues I'd just trim a decent chunk here and buy back in heavily if it dips or if there's a significant news event like details revealed of a large contract being signed with a high floor. However, Australian CGT is halved on 12+ month holds, and it works out that I'd basically need to buy back in 20%+ lower prior to selling at the same future price to break even vs just holding, since I'd likely be up in the top tax bracket where the discount is extremely impactful. Feeling somewhat locked in even though I only have moderate conviction in the insane squeeze outcome, quite jealous of those in low tax or zero tax areas who can just dick around swing trading obvious overcorrections/euphoria

>>51534102
They're pedophiles too. Don't forget that. Anyone who fuds bagpony is a double reverse Eglin afb neo nazi pedophile kike shill

>>51534349
Alot of uranium juniors have x10-20 in 2 years and are trading at a premium to NPV8% the risk reward in uranium is abysmal, you're only betting for higher uranium prices.

>>51534389
One word: HELOC

David Brady cope continues into a new week with constant screenshots of other permabull analysts confirming his thesis, the typical "Herpa derpa the FED always lies why would they commit to causing a recession this time around" and "I LOVE when everything is week it just means it will explode when the FED slips!" endless supply of hopium. This man has bet the entire farm on "September/October at the latest we explode!".

Meanwhile the french fuck with the carefully curated charts says "HODL TILL 2032 there's no way you can lose!" meanwhile between now and then 90% of your juniors will be bankrupt or have two trillion shares.

haven't seen him bullish on silver for a long time
https://www.youtube.com/watch?v=3Qg3DeRPAcs

>>51533313
Almost as bad as my pf

>>51532460
>>51532559
genuinely wtf is your gameplan here? just buy the fucking commodity instead of going after mining you fucking idiot.
i kinda feel bad for you idiots (but not really), you listen to dumb cunts like dickless horseman and the rest in your youtube list of tools.
how are you people too dumb to just buy the fucking thing? i'm doing alright just because i didn't listen to you fucktards about buying mining (except for buying a small amount of gdxj lol which i have written off but still holding)
when has buying mining ever been worth it?
you must be listening to the dumbest bags of shit on youtube/twitter

>>51532097
>PUTIN IS ABOUT TO ANNOUNCE DIRECT WAR ON UKRAINE, SELL SELL SELL SELL SELL

If you're a uranium Chad, you know this means to buy.

>>51534976
I should've bought hookers and blow instead of miners

>>51535027
okay but why *did* you buy miners?

I’m not attracted to Indonesian & Philippine lateritic nickel deposits.

Don’t confuse me with Greta, but they do so much environmental damage even for a jaded old pro like me.

Sulphide nickel and kambalda style deposits, I think are going to become extraordinarily valuable.

>>51534976
>when has buying mining ever been worth it?
When price of gold goes up. It's a leverage play on gold, it's pretty simple.

>>51535112
I hear this a lot but has it played out this way IRL? this is the reason I fell for gdxj.
I can't blame you guys for not knowing gold would crash but yeah this is a shitty time to be in gold.

>>51535141
>>51535112
I love this bearish sentiment, I need more miners before the leg up

>>51535084

>>51535161
nice, I've held gold since 2012 and dca'd a bit when it was cheap recently.
i wish i had stayed in cash. i would have been just fine if i stayed in cash or shorted tech or europe.

>>51535161
>Sentiment is a contrarian indicator

>>51535226
>i wish i had stayed in cash.
yeah i mean, usually, buying the top isn't the best idea

>>51535231
yes it is. Half the work is sentiment based, you should read more book faggot

It's weird how at the same time it feels like we're late as shit but still extremely early.
Good chunk of commodities are going to be in very high demand, but a lot of the plays are still in the exploration or about to become a producer stage, with the time frame of doing anything being in the +5 year range.
Yet most of these fucking stocks have already done 10-30x over the last 3 years and based on that, things could fall like a rock before going back up again. There's so much profit to be taken here by the early investors.
We might very well end up in a situation where we keep on throwing money here and for the next 2 years everything just keeps on taking it up the ass as the general markets slowly bleed out.

>>51535097

I don't like any commodities located in shitpits because who knows what the hell is going to happen with their stability.
FPX nickel is worth looking into, pretty interesting potential there.

>>51535141
>I hear this a lot but has it played out this way IRL?
Yes. Just take a look at GDX or any of the majors' stockprice over the last 20 years. Kinross for example went up 15x during the 00s bull run. Did a quick 3x in 2016. 4x during the recent run. Smaller companies are typically even more leveraged.
If a gold mine has a 10% net profit margin and the price of gold goes up 10% (adjusted for inflation), profit doubles to 20%.

Out of the oven

B U L L I S H

Its so fucking obvious what's coming, 2020 all over again, no way I'm missing this ride, missed the first.

>>51532559
the entire sector has "lost" so it's not like your picks did especially bad or anything. just wait for gold/silver to go back up

>>51532559
Why'd you buy all of the losers? All you had to do was spend $200 to join one of the expert's services for a quarter and got their stock watch lists and then be patient and buy the downward trend breakouts.

>>51532559
Don't listen to these faggot, hold and sell at the next leg up. Don't fucking sell now !

However, be careful since you have bought some garbage like Silver Spruce, Galleon...

Buy quality !

>>51535514
Silverchartist's stock list is literally all in the fucking dumpster except for his Uranium picks, which is just a byproduct of being a hot market.

>>51535409
>2020 all over again
They're going to crash this plane with no survivors. The FED put isn't coming anymore.

>>51535563
>Galleon
They can still succeed, a better example of garbage would be Great Panther.

>>51535617
Graddhy and Northstar & Badcharts both picked $ABRA, $BRW, $DBG, $ELO, $GSVR, $SCZ, $SVE among others and timed the entry points pretty damn close.

>>51535514
>All you had to do was spend $200
That's a good advice honestly. I intend to buy Michael Oliver once this legup start. I want to sell close to the top.

>>51535141
>I hear this a lot but has it played out this way IRL?
Yes.
>this is a shitty time to be in gold.
For thee not for me.

>>51535097
I read this in Rick's voice.

>>51535409
too early. We need capitulation first.

>>51534472
I had to turn down some notifications because he's sending out so many cope posts. Credibility ruined, but I'm patient.

>>51536408
I'm seeing it today

>Andy no longer analyzes his favorite stocks in his daily updates

>>51538338
bearish signals everywhere. I love USD.

>>51538388
You love empty promises written on a piece of paper?

>>51538338
He wants you to pay to see his picks.

>>51538599
Why yes, yes I do.

>>51535231
Buy stock because of sad tweet. This is financial advice.

>>51535141
no, this, right now, is the exact right time to get in. you just didn't wait.

>>51539915
Better wait a bit longer still. We don't know for sure whether this is a bear trap or the start of a bear phase in gold

>>51535366
> I don't like any commodities located in shitpits because who knows what the hell is going to happen with their stability.

What do you do when everything is turning into a shitpit

https://ceo.ca/@globenewswire/lion-one-announces-c125-million-bought-deal-public
Lion One diloooted

>>51540188

Do what I have been doing every day so far, watch the money line go down, while trying to choose the least shittiest pit to throw more money at.

>>51540222
At significant discount to market price with half a warrant for 36 months too. You hate to see it.

>>51532097

>>51540222
I'm never buying a mining stock again, little guy always gets shafted.

>>51540787
winners keep winning losers keep losing dilooters keep dilooting

>>51540222
Holy guacamole! Waiting until after Shemitah to end before buying is one of the absolute best financial decisions I have ever made.

However this goes back to exactly what I was talking about. I wanted to buy Lion One, Abra, and Scottie BUT I wasn't sure if buying explorers was a good idea because in a recession they don't survive like producers are able to. Everyone assured me all 3 had cash to survive a few years, but lo and behold, dilution. Yes producers can dilute, but they at least have some income during the bad times. I would seriously consider selling Lion One if anyone has any because they might not make it during a downturn. People should double check on Scottie and Abra cash situation.

>>51540222
Holders got dicked so bad it's unreal. Not only was this deal done at a massive discount but the warrants must have already been well in the money at the time that this was planned.

>>51541074
>>51541265
ceo chat is already rife with copium about some kind of spinout deal

>>51541074
Isn't lion one going into production soon though?
>>51541265
Happens all the time too. Always a good thing to check before investing. Some companies tend to screw over existing investors every single time while others get much more reasonable terms typically.

>>51541439
>Isn't lion one going into production soon though?
Are they? I didn't see that part. I'll definitely buy if that's the case. Here's the thing though, the dump tomorrow + this dilution news means they are going down extra hard. Anyone in is going to feel excruciating pain.

>>51541439
>while others get much more reasonable terms typically

Lion One did a financing not too long ago with much better terms. This one is just filthy all around. It does happen all the time though, you're right on that. No way to stay safe, you can think the management is good, they can be cashed up, cashflow soon to come, but these dirty deals can still come up.

>>51541410
>>51541525
CEO certainly isn't happy kek
>And some wonder how people like Rick Rule became billionaires in the junior mining space. When a great story emerges from the drills. The big fat pigs waddle over and want in at the same level as before the confirmation . The little guy with his months of research and entry prices is pushed aside and nuetralized. Bottom line, we have to slide over on the bench seats and make room for the pigs now

>>51541652
Maybe we should take a leaf or two from Rick Rule and invest less in speculative explorers without cashlow.

> Rumors Putin is mobilizing
> Export goods of Russia: crude petroleum, refined petroleum, natural gas, coal, wheat, iron (2019)
> Import goods of Russia: cars and vehicle parts, packaged medicines, broadcasting equipment, aircraft, computers

> Export goods of Ukraine: coal, electric power, ferrous and nonferrous metals, machinery and transport equipment, chemicals, food processing
> Import goods of Ukraine: energy (mainly natural gas),[19] machinery and equipment, chemicals

>>51541708
>less in speculative explorers without cashlow.
You mean big names like newfound gold? I think those tend to be highly valued. To avoid stuff like this I would just go with producers that are making money.

>>51541835
newfound gold is a speculative explorer without cashflow as well

>>51541866
Well yeah all explorers don't have cashflow. I haven't invested in explorers either, only developers that already have a good resource outlined.

>>51541969
...developers also don't have cashlow

>>51541976
That is correct, but nevertheless I like some of them anyway. I think you can find better deals there because it isn't as exciting as exploration.

>>51542001
that's true, and also some of them do have cash flow in the near term, like Orezone

>>51542013
Yes, that one is pretty highly valued though. I would like to get into Sarama that is also located in Burkina Faso, but the volume in that stock is just ridiculous. Literally nothing.