/biz/ - Business & Finance

>>54527760
Everyday multiple times a day I stare at my penny stocks at 50+% losses. I show my friends and family and watch them recoil in pain, I show all my jewish and brown friends on 4chinz just to be laughed at and called fool. Pain? I use to feel pain. Now I feel only the thrill at seeing red lines and thinking out loud “Thank God, I can acooooooom” as I slowly sweat and think “when I make it i’ll never have to see another nigger again”

>>54527954
based

>>54527760

Talk Digital Network Youtube channel could be added to the OP, it's Canadian, has tons of resource-related guests

https://youtu.be/VxGU-CitJGM

>>54527954
based, digits and Galleon will 20x, no digits = 10x, 1488 digits = 100x

>PAAS in GDX, GDXJ, SIL, and SILJ.
PAAS bros...

>>54527760
God damn, what a beautiful picture
Some should use Artificial Slop to turn it into 3d

>>54522438
>Kinda funny how bayhorse got such a bad rating which silver miner anon believed to be the greatest opportunity of all time.
>>54522563
>so glad I didn't get sucked into this meme.
>>54522583
>Honestly I hope Silver miner lost big time on that shit. He was way super aggressive on anyone like me questioning dubious claims.

Bayhorse still is a fantastic opportunity. The entire sector tanked and BHS did along with it. If you're smart enough to DCA down you will make a killing on Bayhorse. GO has been waiting for silver to explode before the mine went into full operation. The resource has a limited supply, why burn through half of it with silver averaging around 22$?

What's disappointing is there is another phenomenal silver jr, one of the best on the market. Yet I've seen ZERO discussion about this in /cmmg/ through the few threads I checked.

>>54529036
I was certain this was bait until I read the second paragraph. Are you actually serious?

>>54529108
>I was certain this was bait until I read the second paragraph. Are you actually serious?

Both paragraphs. Yes. Serious.

I'm salty you guys are still shitting on BHS. If ya'll are nice to my lady boi blowing cowboy CEO I'll share my DD in a bit.

Wanted to run it through and see if there's major negative that I overlooked. The entire operation looks super efficient to me though. CEO appears to be confident, knowledge, and competent on top of it all.

>>54529108
>I was certain this was bait until I read the second paragraph. Are you actually serious?

Both paragraphs. Yes. Serious.

I'm salty you guys are still shitting on BHS. If ya'll are nice to my lady boi blowing cowboy CEO I'll share my DD in a bit.

Wanted to run the mine through here and see if there's any negatives that I overlooked. The entire operation looks super efficient to me though. CEO appears to be confident, knowledgeable, and competent.

>>54529165
okay now I'm certain you're just baiting. Nice try at first but you tried too hard.

>>54529177
>okay now I'm certain you're just baiting. Nice try at first but you tried too hard.
I'm not baiting. Both crescat and sprott invested.

>>54529036
While yes, market wide went down, most lost 30-50%. Bayhorse lost like 80-90%. True, you can keep buying low, but sometimes you just dumping money into something headed to 0.

>>54529720
>While yes, market wide went down, most lost 30-50%. Bayhorse lost like 80-90%. True, you can keep buying low, but sometimes you just dumping money into something headed to 0.

Most of the nano-caps had huge losses. Very disingenuous to conflate BHS with micro-cap mines that were more established. Capital simply hasn't been flowing into the nano-caps, and investors without true conviction and understanding of what they were invested in jumped ship. That's fine with me. A stock price is based on what the market values an asset at, and the market isn't always right. If it were, silver, for example, wouldn't be a paltry 25$ per oz.

>>54529829
I can't even remember the bayhorse timeline anymore. Did they get assays done? Was Ocean deal even real? Did G just forget about the permit? Everyone else seems to at least be trying.

>>54528474
What do you guys like about galleon? 15MM market cap mon frere?

>>54529887
>I can't even remember the bayhorse timeline anymore. Did they get assays done? Was Ocean deal even real? Did G just forget about the permit? Everyone else seems to at least be trying.

I'll simplify what's happened at Bayhorse.

>1 There were investors who believe GO is full of air. They sold due to not understanding why certain deadlines were missed.
>2 Nano-cap juniors in general went through a bloodbath. Even when positive news is released they trade flat and drift lower a few weeks later.
>3 Survey lines for the claim weren't entirely accurate. This caused the exemption to get pulled. Certain investors interpreted this as BHS might not received a permit at all, and they sold not wanting to take the risk of permit not coming through.

>teetering on a bull run
>thread beating a dead horse again

>>54530107
it's just one fag with low effort bait

Redwolfs wish list/best miners list/status updates.

Current portfolio attached. Currently play. Hold the stocks in the portfolio until multibaggers pay out. Hold gdx posistion to accumulate gains on current gold cycle.

Once breakout and bubble phase begins (any day now), rotate out of GDX and into GDXU and solid silver and gold miners.

Current best miners imo I Hold. Keep in mind I don't know everything and focus on small cap miners.

What I look for. Small cap producers that are ideally held by etfs such as silj,gdxj.

Wish list.

Irving
Hercules silver.
Avino gold and silver mines.

Interest list/further check out
Kuya silver (20m marketcap)

Frozen list (will come back to once significant updates are made/problems resolved)

Santaceuz silver- problem regarding latest financial reports and dispute with financial officer.

Blue lagoon( no meaningful updates and no substantial drills released)

Thoughts

Hercules silver is a 40m market cap and they are things to prove up a resource aiming for 100m ounces. Kootenay silver kn the other hand already has a proven resource of 130m oz silver with more to come and I believe is a 30m market cap. Both are attractive. Honestly Hercules is more attractive, but kootenay is severely undervalued, even though the management are complete faggots.

>>54530634
Hopefully you can understand through the typos.

>>54530634
Other related thoughts...

This is the moment we've been waiting for. The breakout is on our doorstep. It could literally be any day now but more likely in the next two weeks (serious), over the next month is when I think it will happen. Once it happens, it's off to the races after that. We will have plenty of time. Bubble phases usually last 8 months to two years. Gary is saying this one will be longer rather than shorter. Keep your mind about you. Don't make stupid decisions. Do your legwork now so you can take the most advantage of it

>>54530634
how much is your portfolio in cash or other tier 1 assets as a percentage?

>>54530634
Things I wish I had/did.

A posistion in summa silver.
A posistion in avino gold and silver mines.
A posistion in Hercules silver.
A bigger posistion in kootenay.
A posistion in lotus resources.
A posistion in Dennison mines.
A posistion in fission 3.0(for trading)
A posistion jn consolidated uranium.

More physical silver. Would like another 500-1000 oz.

More physical gold (duh. Doesn't count)

A hot fit white girl to fuck every night.

A masters in finance degree.

New bolts and a touch up for my motorcycle.

A house on my property.

Be leaner with more veins.

Stop ripping my fucking beard hair out so it stops thinning.

Reverse my aging by like five years.

Kids someday.

>>54530703
I have another portfolio with about 80k in it. (I sold about 90k last year to buy ten acres),

I own my home, a trailer but a very nice modern trailer worth about 70k. I own my car.

I have 150k in physical metals.

My bank account balance is negative 28 dollars

I sell smoked chicken to bartenders in the club district and make about 800 cash a month.

I collect disability for about $900 a month.

I have a bachelors of science in geology and am going back to community college to earn my masters in finance.

>>54530703
My rent, house insurance and all utility bills are paid three months in advance.

>>54530729
>>54530736
seems like your finances are in an excellent shape Red.
>I have another portfolio with about 80k in it.
What's in that one?
>My bank account balance is negative 28 dollars
Quite based!
>I have a bachelors of science in geology and am going back to community college to earn my masters in finance.
Why finance? Looking for a comfy career on a mining company's board or something?

>>54530744
I'm doing okay. It sucks being down 50% on the stock portfolio.

In the other account j hold long term etfs and it's money I don't plan on touching for a long time.

It's XOP, URNM, GDX, SILJ, and then small posistions in gogold, Nova royalty. And metalla royalty. I had a big chunk in GUNR I sold to buy my property.

>why finance

I either want to do investment equity analysis or be a laid back financial advisor and recommend people etfs to buy.

Thanks for the feedback. It means a lot. I feel like I'm doing shitty and the encouragement is nice.

>>54530729
What's your ratio on PMs?

>>54530774
>It sucks being down 50% on the stock portfolio.
Hopefully our luck turns soon in the resource space after the last year or so. Looking at majors in the gold space, it seems they are all on the cusp of either breaking up or down. The gold market is practically holding its breath. Important days.
>It's XOP, URNM, GDX, SILJ, and then small posistions in gogold, Nova royalty. And metalla royalty.
I like that you have royalty companies in your long term portfolio. They are a prudent investor's choice. My personal favorite is Osisko Gold Royalties, has a nice combination of size and growth to my tastes. I should take a look at Nova and Metalla sometime, I also have other royalty companies in the DD pipeline that I'll eventually take a look at.
>Thanks for the feedback. It means a lot. I feel like I'm doing shitty and the encouragement is nice.
Even if your investments are down -50% right now your financial condition really does seem excellent. You own your things, you own property, you're denbt free, you have a sizable physical precious metals stack, you collect free gibs every month, and generally speaking you have pretty substantial savings in total. If I sold my apartment, which I've been contemplating for a good year now, my liquid net worth would maybe be $40-50k. Now I'm 25 years old so maybe it doesn't compare to your situation exactly but still from my perspective you are very well off.

>>54530850
About 30-40% in physical. If you count stocks it's probably 60% but that's also just because that's my current play. I'm heavier in miners right now because I'm expecting a move up in metals.

>>54530853
I'm 32 and have had some incredible strokes of luck.

You're doing incredible for your age. Keep it up.

Nova is a loooooonnng term hold. Not entirely happy with it ATM.

>>54530850
I grow more and more patient as the markets go on. I started investing eight years ago and made a lot of money jn the bullshit stock market with passive investing and I got hard-core into investing three years ago.

I've learned that there's no reason to ever rush. Even when they say things like "the gold move is imminent!" Or "the dollars going to crash and we're gonna have hyper inflation!" There's still plenty of time to plan accordingly and make moves.

>>54530875
>>54530894
I mean gold to silver ratio. Sorry

>>54530883
>Nova is a loooooonnng term hold. Not entirely happy with it ATM.
Care to elaborate a bit? Also I'd appreciate hearing your thoughts on Metalla

>>54530853
Comparing yourself with other achieve nothing, especially since every situation is different. I'm kind of the same age as Red but here in Europe, anyone with more that kind of money is already considered filthy rich. Its very hard to have 50k+ as a capital to invest since taxe are so high, let alone 200k.

Focus on your goal and stockpicking. Some of us will need millions to make it, other just 500k.

>>54531106
I know it's fruitless to compare myself with others but I just can't help it you know? Not that I want to feel superior or inferior to others. I'm just like that.

>>54531145
I understand what you're saying, we all do it sometimes. At the end of the day, doesn't matter if people have more or less than you, we are all running our own marathon with different goal. The money we will need is completely different.

I know that despite, being in this marxist shithole limiting my capital, I'm completely on track to reach my goals. Being frugal and not wanting land, big home and wife+kids has its perks.

Godspeed brothers.

>>54530634
Thank you for your information and thoughts

>>54530237
>it's just one fag with low effort bait
Again, it wasn't bait. But it seems /cmmg/ is filled with the same few faggots who made this general unbearable. What a shame

>>54530634
Still recommending others buy miners that have already pumped I see? Would be incredible if you shared opportunities that weren't already overbought and instead oversold. At least you sold that shitty gunr etf.

I will say this, kootenay is a solid pick. There's a green number next to that one in my account.

>>54530634
So enCore is dead?

>>54528474
Check em’

Is nat gas too difficult to trade because of seasonal demand shifts? Seems like a volatile play that can’t really be held for too long.

https://ceo.ca/@globenewswire/dundee-precious-metals-announces-significant-additional
>Dundee Precious Metals Announces Significant Additional Drill Results from Čoka Rakita Extending Deposit to the East and Confirming High Grade Zone; Results include Drill Intercept of 71 metres at 18.05 g/t Au

>>54532611
Its my second largest holding. See>>54530634

>>54531106
>>54530853
And the fact that he's so young and stumbled onto this already means he had a lot of success to come. I didn't get into this seriously until much later. He's 25 and already is on a great path.

>>54532335
Think you're confused friend. I've never pumped anything to thread. I only give my best interpretations and not only that but I bend over backwards to give my best efforts to the thread. I've relayed information from paid sources, I've analyzed stocks. I posted my entire portfolio and you can see how much money I have in every stock I "pump". I out my money where my mouth is. I don't have time to pump. I'd just say lurk more I guess.

>>54533047
Oh, so you have EU and not ENCUF. I see.

https://www.cmegroup.com/tools-information/cme-global-command-center-system-alerts.html

>and dollar up this morning
Lmao

>>54532779
Now that's a headline intercept!

Is it over for us ?

>>54528501
>PAAS bros...
700 shares total here (after the Yamana deal) and they have a new dividend ex-date this Thurs so I'll have $70 coming

What Jewish tricks are they using to pump the dollar

>>54533925
All of them

>>54533925
they call it "lack of liquidity", quite the devious little trick where dollars are in short supply and high demand

>>54533925
>>54534028
>>54534042
I posted it here and no one seemed to notice or understand
>>54533440

>>54534079
that is a nothingburger

>>54534092
If you think so.

>>54533121
It's the same thing

I hate this sector

I am wondering if I could get some advice on whether to sell two miners now.

For impact, them doing the 7 million placement, that seems to be a somewhat high number. Could they be gearing up to work now with silver price climbing? Or is this just them being another do nothing and live off investors company.

For blue lagoon the Jan assays should be coming in. Is them being silent and lacking updates a good or bad sign of what might come?

Please and thanks.

>>54535021
I've never liked either so my answer is obvious.

>>54535021
I'm not in Impact and wouldn't recommend buying them.

I want to hold blue lagoon but I'm unsure because they haven't hit any solid drills yet. They could though. How big is the posistion?

>>54535021
We're on the cusp of silver break out. If you truly want to silver IPT, you might consider holding them another 3 months. The pp shares will become available in August, it wont be too late to sell at that point.

As for BLLG, I wouldnt sell at all, nothing went wrong. I'm still buying shares.

>>54529910
I don't like it anymore, theres really only 1 possible buyer, Pan American, so there wont be a bidding war. Not a big enough resource and not high enough margins to warrant building a mill.

Made my last buy, out of cash again until late May. Dont have to look at the market anymore.

>>54530894
>I've learned that there's no reason to ever rush. Even when they say things like "the gold move is imminent!" Or "the dollars going to crash and we're gonna have hyper inflation!" There's still plenty of time to plan accordingly and make moves.
more anons need to hear this. I think rushing in with the "having a seat at the table" mentality caused a lot of us to miss some substantial low's in the pm sector.

https://twitter.com/SStapczynski/status/1645353040931586048
>Germany’s plan to shut its last nuclear reactors this week is irreversible, says Habeck

>>54529910
>>54535442
>only 1 possible buyer, Pan American
1. impossible to know
2. 7 km northeast of Pan American Silver’s Timmins West Mine and 14 km southwest of
Newmont’s Hollinger Mine
>Not a big enough resource
1. over 1.5Moz with mineralization open in all directions and at depth
2. less than 10% of property drill tested
3. targets emerging to the north and south of the known mineralization based on soil sampling programs
>not high enough margins
picrel

>>54536104
> not high enough margins
That 33% IRR would be already in the red with the recent inflation.
> less than 10% drill tested
If you'd know a tiny bit about geology, you knew that 90%of the property is worthless. Their property lies perpendicular to the dominant regional fault zone.

Non-OPEC growth will surely be centred around deepwater. What's the best way to play this. Offshore service cos?

>>54536405
pure FUD, renew fag style. better send your DD to Sprott, he might want to sell his 20% position

>Mfw the dollar was just pretending to be weak and will now pull an ATH sending gold to $1600

It will fucking happen.
This was the late stage commodity bull cycle PM run.
The commodity cycle happened in 2019-2021 and everyone here bought the top in things like Uranium, only way from here is down.

>>54536635
> Low liquidity
Sprott can't sell his stake, but he didn't participate in the last PP.

>>54535755
Soooo. Bad for my uranium but great for my nat gas.

Redwolf decision update.

I am waiting to move into the miners on my wish list. They are currently at 52 week highs and I just don't feel like it's a good time to buy. I'm going to continue to hold my large gdx posistion and once we get the breakout and Gary gives the go ahead I will rotate into miners.

>>54535755
lmao@germany

Not just over shutting their nukes down, but in general, overall, just lmao@germany

>>54538010
>Powerlifting while watching friends with closed captioning

>>54537450
germany / europe demand should generally not be a major factor for the uranium thesis. Never underestimate the malthusian death cult (the green "environmentalist") to destroy and subvert real solutions. It is a minor thing nonetheless, i see it more as a rate of change. Nuclear power generation will not increase substantially (in EU), but decrease at a slower pace (fewer reactor shutdowns). Atleast in the immidiate future, keep in mind that as soon as public sentiment changes for nuclear, it is still going to take atleast 5 - 10 years for new nuclear power plants to be built. Therefor i look more to the east for demand increase ...

>>54536460
I'm on frac sand and source energy services is up 94% since I bought them

Hey PanMan
Idk what area you're in but I'm having a Cummins put in my rig this wkend and then shipping it to Alaska. I'll be there for a month, I hope, for the salmon run that starts in late July. You wanna go fishing?

Fox Business today, guys talking about buying GDX, Kinross, Hecla and moar

https://www.foxbusiness.com/shows/the-claman-countdown

>>54536725
>It will fucking happen.
>This was the late stage commodity bull cycle PM run.
>The commodity cycle happened in 2019-2021 and everyone here bought the top in things like Uranium, only way from here is down.

Interesting one, but hard to say if the US dollar will exceed its late 2022 high. The UK had a fiscal crisis and other central banks were lagging the US in rate rises, so there was a lot going which pushed the dollar index to 114.

>>54536889
>last PP

Eric still riding the Galleon!

>>54527954
looks like the bayhorse fraudsters owe you a refund. Class action lawsuit?

>>54535426
>We're on the cusp of silver break out.
In just two years, two months, two weeks, two days and two hours, you will have your silver breakout.

>>54536104
Problem is that the average gram x meter of the deposit is below 20, that is very marginal at best. The Pan American mine is similar and that was perhaps breaking even last time I checked. Like I've said before they should have gone for a smaller project only mining the best ounces, perhaps they could do a couple hundred koz with good margin. The test mining project is too small to really be interesting.

>>54535426
>We're on the cusp of silver break out.

It already broke out after the USD peaked in late 2022. But it's likely not THE breakout. Before we get to $60 silver the economy has to shit the bed first, then recover a little. Two or three years.

>>54538010
Didn't Gary tell you we are in the bubble phase 8 months - 2 years, so you should want in now.

https://www.mining.com/gold-based-drugs-hold-potential-as-new-antibiotics/

NGEX chads... we're the new FILO now...

Michael Oliver says Green Light for silver.

>>54541772
No. The breakout phase is next. There are two daily cycles. We are in the first one. The breakout is the next one.

>>54544279
yep, was watching : https://www.youtube.com/watch?v=J-JpBgvDCgM

He say he has no buy signal, they all have been broken. Not a single analyst is bearish... Bullish !

>>54544296
What’s that mean? We need to top on the daily chart again?

>>54529036
Bayhorse is going to 0. The owner is a municipal real estate agent who thought he could buy a mine and shill it into profit. It is literally a garbage dump where he keeps his hat collection. Gayhorse shartshit straight into the toilet. I can't believe it got pumped to 15 cents a share. The baggies will never see profit.

>>54544443
>It is literally a garbage dump where he keeps his hat collection.
>>54544443
>Gayhorse shartshit straight into the toilet.

Another fantastic scholar of /cmmg/!

>>54544306
Consolidation for a other week or two and then breakout.

>>54544296
>>54544306
Some are calling for a breakout first to 30-35 then consolidation/small pullback between 29-32. 50 won't be in this cycle. Keep this in mind when trying to time anything.

>>54544303
But if we're being contrarian, isn't everyone being bullish actually bearish?

>>54544752
PM are at ATH, miner are at 52w low. Analyst might be bullish, still no one is buying.

Honestly, I'm not the best at timing shit, I like just buying cheap thing (and it works, i'm green everywhere).

My body is ready.

>>54544768
One of these days I'll learn enough to stop being retarded.

>>54544981
everyone will, and wagmi

>>54540156
> March, 25, 2022
That was the PP before the last one faggot. They already burned hat money and did another one in December without Sprott.

>>54527760
What painting is the OP image referencing, I can't find it and it's bothering me

Newmont upped its bid for Newcrest. Now they are offering in effect A$32.87/share or A$29.4B equity value. That's about 10.5% higher than the current price in ASX. European listing is up 3.3% today. Seems like an offer Newcrest shareholders cannot refuse.

>>54544768
Remember kids:

Price is what you pay for.

Value is what you get.

>>54546121
Teck also recently rejected Glencore's takeover proposal, and Agnico Eagle finalized the Yamana acquisition. There are rumors that Exxon is looking to buy Pioneer. M&A activity picking up is indicative of a bull market

>>54545238
kek, nobody is a bigger faggot than the dane aka renew fag and his retarded strawman fud. the larger pp had Sprott not that it matters when he's in for 20%

Lithium broes ...

>>54546350
Then there is the consolidation in the royalty space... Sandstorm, Triple Flag, Royal Gold buying out other smaller royalty companies

>>54546519
Its over. No one will ever need Lithium again.

>>54546536
>Its over. No one will ever need Lithium again.
Hard to take /cmmg/ serious.

>>54547191
Are you autistic as well as illiterate?

>>54547232
>Are you autistic as well as illiterate?
Apparently you're illiterate, my comment made perfect sense, and it's quite obvious why I said it. Your comment meanwhile is incoherent and doesn't following the line of discussion.

>>54547259
Autistic then.

>>54531263
https://www.zerohedge.com/markets/warren-buffett-visits-japan-boosts-shares-trading-houses-weighs-buying-more

>>54547191
>doesnt understand irony
Of course Lithium will always be needed.
Low commodity prices are a good time to buy.

>>54546519
The lithium carbonate price has little to no impact on the underlying junior explorers aside from the opinions of idiots, cretins, and morons who follow price fluctuations as if they actually matter.

This lithium market is completely novel. The demand for lithium was miniscle previously. The sector is finding its footing and being built out. The growing need for the material is going nowhere. If producers can be profitable at , $10, $7, $5, etc per pound, why does it matter if it drops from $20 to $10?

Yes, I'm responding to bait. The idiot who posted this probably has a shit eating grin spread across his face as he revels in his retardation, but I post this on behalf of the people here who have brains which aren't completely smooth.

>>54547259
You're an autistic retard who can't intuit obvious sarcasm.

>>54527760
Are maritime shipping bros allowed here?

What’s up with MFG?? Their resource looks really good but the share price is in the gutter, is it a buy?

Okay so you guys are allowed to pump a little. That's cool. But we aren't allowed to break out and go off to the races until I'm able to get my tax return and put the whole thing into Hercules and Avino. It's just not happening until then. Thank you for your patience.

>>54544768

That's not true, the miners have outperformed gold since the September low. The big underperformance of the miners stems from the early 2000s, the miners-to-gold ratio was 3X higher then.

Somebody leaked the API data again it seems.

>>54548797
Sorry, bro. I wish you get in asap. I went and sold 90% of other sectors and went all in pm yesterday. You deserve the gains for always helping out.

>>54547761
Sure. If you want to explain how the sector works I'm all ears. It's apparently a pretty volatile/cyclical sector?

>>54547761
Based sea faring fren

Laggardoon niggers, our time has come...

>>54549048
Ya, pretty volatile, you have to consider long term cycles and short term cycles.
>Containers (consumer goods)
Trending on a downard cycle but these companies have hoarded cash so dividends still strong. MPCC.OL has been my favorite.
>Tankers (crude and product)
Seeing the most strength this year. Product is staying very strong and probably the strongest sector to pick. Crude is also picking up again. I like STNG, TRMD, and Hafni.OL for product. DHT, OET.OL for crude.
>Dry bulk (iron ore, coal, grain, bauxite)
In a questionable spot, reslly reliant on China (especially in the larger ship classes due to dependence on coal and iron). This is my main sector and I think they are undervalued but they are in a weak part of the short cycle right now. Brazil grain season is helping though for Panamax and ultramax. GNK, 2020.ol, Belco.no, and egle are solid companies.
>LPG (propane, ethylene, etc)
Uncovered sector but probably provides the best dividends and pretty stable. LPG is a solid company, and there are some good Olso picks like bwlpg.ol
>lng
Not tracking this sector as well, not too many companies and I missed the last upswing. FLNG is the only name I've followed here (others are too Greek).
>Most important tip
Avoid greek companies, they are the jews of the sea.
>>54549085
Been trying since 2020, figure it ties in well with energy and commodities

>>54547761
Castor maritime was being shilled in this general a while back. That one seemingly didn't work out, and the same is true for most microcap shippers. Scams just as bad, if not worse, than the average explorer.

>>54549496
Avoid CTRM. They just dilute they're shit. Plenty of Greek shitcos do this same strat. The microcaps are experts in luring retail investors and screwing them.

WTf was that lagOOOOOOn bro?

>>54549380
What are the costs of these companies like? Do they have stable or volatilw costs or do they have to input large capital expenditures every now and then? Container rates were very high during the covid recovery time so containership companies were raking in enormous cashflows, how are their cash flows right now in comparison? I'm also wondering about how these companies manage their dividends and other financing costs. I don't like investing in companies that blow their load when times are good and then immediately fall flat on their face when things start going badly in the economy. Nothing is worse than an unsustainable dividend.

>>54549249
>>54549532
>i put in 5k yesterday at .19
This better pan out.

https://www.youtube.com/watch?v=BD2tOHZoHTA

>>54549532
I sold

>>54549566
>What are the costs of these companies like? Do they have stable or volatilw costs or do they have to input large capital expenditures every now and then?
Usually debt payments, fuel, ship upgrades (fuel economy stuff like scrubbers), and ship purchases make up the biggest costs. But plenty of companies stay pretty stable with their fleets. I'd say it's the revenue that's volatile rather than cost.
>Container rates were very high during the covid recovery time so containership companies were raking in enormous cashflows, how are their cash flows right now in comparison?
I've seen reports that revenue has dropped 58% and profit 80% in the container segment. But this is compared to insane records, so it may be misleading.
>I'm also wondering about how these companies manage their dividends and other financing costs. I don't like investing in companies that blow their load when times are good and then immediately fall flat on their face when things start going badly in the economy. Nothing is worse than an unsustainable dividend.
More companies are implementing profit % based dividends (TRMD, DHT, I believe MPCC.ol), and others are implementing formulaic dividends that are more based on the long term/sustainability (GNK is an example). LPG is probably the king of dividends on the US market. Both have their perks, although I prefer the sustainable. The important factor is the opex, some container companies are drastically lowering debt to sustain their dividends. GNK (dry bulk) is aiming to be debt neutral to keep the dividend strong.

>>54550020
Thanks shippingchad. Sounds like some of these companies are pretty well managed then? Although no doubt there are many dilution monsters in that sector as well looking for muh growth over profitability. I'll have a look at some of those companies you recommended when I have the time. Anything else I should know about the different sectors within shipping like seasonality or common risks in the industry?

Paas bros.. we got too cocky

>>54550088
>Thanks shippingchad. Sounds like some of these companies are pretty well managed then?
There definitely are, they just don't get retail attention. I highly recommend looking into Oslo traded companies, on average they have the best governance and dividends. But there are definitely solid US traded (as mentioned above). HSHP just IPO'd on the us market and once their fleet is running they'll be doing monthly dividends (2020.ol does this already)
>Although no doubt there are many dilution monsters in that sector as well looking for muh growth over profitability.
If you have a shipping company talking about growth, avoid. It comes down to lowering daily opex and securing strong charters or daily rates. Ship fleet size is overrated for shareholders. Low daily opex + high daily charter rates = more dividends in a good shipping company.
>I'll have a look at some of those companies you recommended when I have the time. Anything else I should know about the different sectors within shipping like seasonality or common risks in the industry?
They all have short cycles that coincide with commodities. Energy based are strong in the winter (or shit like wars), dry bulk kind of falls into "sell in May and go away" (q1 is weak and somewhere in between q2 and q3 is their strongest point based on the year). But catching Macrocycles is where the money is (knowing when a company like TRMD is going from 8 to 30). Some resources below are solid (but some cost money)
>Marhelm (their discord alone is worth it)
>Capital Link on youtube (just posted this years annual shipping forum for each sector, definitely check it out)
>VIE lite on seeking alpha (J mintzmyer and James Caitlin run it).
>Hellenistic shipping news aggregates weekly shipping reports for all sectors.

I hate research. Should I just put everything into GDXJ and call it a day?

>>54550265
>Oslo companies cheaper than US peers
>Talking about growth = avoid
>Small fleet size isn't bad
>Focus on low OPEX and prudent profitability = stable dividends
>Certain sectors within shipping coincide with commodity seasonality
>Sector news/knowledge resources
Good info thank you

>Securing strong charters or daily rates
How do I check this, and what would be good charters or rates? Are there charts available showing me long term charter/rate prices so that I can determine whether the price is good?
>Macrocycles
Elaborate a bit on this? On the commodities side I'm pretty well tuned into the macro level but I'm totally lost when it comes to shipping because the supply and demand of different kinds of vessels is unknown to me. I suppose LNG carriers are going to be selling like hotcakes in the long term so I'm aware of that at least, but otherwise I'm pretty lost on the shipping macro. I suppose a lot of it comes down to forecasting which products are going to be in high demand across the world but that's exactly the difficulty when you're like me and expecting a decade of financial chaos, high inflation and defaults

>>54549048
You find a promising junior mining company at a low price and dump some money in. The company constantly promises to start producing within 2 weeks while diluting the stock to zero. You ride it down while complaining that the jews rigged the system and nobody can get rich from being a genius even though you're clearly a genius and you should be rich no matter what you do.

then mommy makes you tendies and lends you another couple hundie to "invest."

>>54550510
Junior miners are now working in the shipping industry?

When do we make it I’m bored

>>54550361
as long as your due dilligence tells you that's a good move :)

You guys really are missing out by not owning NGEX you know?

>>54550458
>How do I check this, and what would be good charters or rates? Are there charts available showing me long term charter/rate prices so that I can determine whether the price is good?
There are broker reports and some news articles that may show some of these (hellenisticshippingnews, tradewinds [paywall], etc). Some reports provide high level (like fearnpulse). For specific companies, this will either show in earnings reports or on paid services (Marhelm). A "good" charter rate will typically be for newer ships, but the more the rate is over the companies per ship daily opex the better. Good really is relative (good in the low cycle or high cycle differ greatly obviously). Like GNK has like a 8k a day opex per ship (one of the lowest), so the more over this is the better for their dividend formula (they post this in their earnings and interviews).
>Macrocycles
These will tie heavily with macro stuff you deal with in commodities. So here you'd have a leg up on me. From a shipping perspective, fleet count and fleet availability (how many ships aren't tied up in other shipments) is another contributing factor. This is what caused containers to go crazy, so many were stuck at ports that dry bulk ships were carrying containers to make $$ and fill the gap. If you focus on the commodities, that will carry over with shipping greatly.

>>54550845
>There are broker reports and some news articles that may show some of these (hellenisticshippingnews, tradewinds [paywall], etc). Some reports provide high level (like fearnpulse). For specific companies, this will either show in earnings reports or on paid services (Marhelm). A "good" charter rate will typically be for newer ships, but the more the rate is over the companies per ship daily opex the better. Good really is relative (good in the low cycle or high cycle differ greatly obviously). Like GNK has like a 8k a day opex per ship (one of the lowest), so the more over this is the better for their dividend formula (they post this in their earnings and interviews).
Hum, the data in other words is a bit sparse with regard to rates and charters, which of course is an edge for the more experienced investors in the sector (such as yourself relative to myself). But apparently it all mostly boils down to simply looking for the lowest OPEX and the rest should sort itself out usually?
>These will tie heavily with macro stuff you deal with in commodities. So here you'd have a leg up on me. From a shipping perspective, fleet count and fleet availability (how many ships aren't tied up in other shipments) is another contributing factor. This is what caused containers to go crazy, so many were stuck at ports that dry bulk ships were carrying containers to make $$ and fill the gap. If you focus on the commodities, that will carry over with shipping greatly.
Which types of vessels would carry refined metals such as copper cathodes, or unrefined concentrates for example? Metals demand is slated to increase globally over the coming decades so it would follow that a lot of shipping would be necessary in order to carry that increasing tonnage going forward

>>54550951
>Hum, the data in other words is a bit sparse with regard to rates and charters, which of course is an edge for the more experienced investors in the sector (such as yourself relative to myself). But apparently it all mostly boils down to simply looking for the lowest OPEX and the rest should sort itself out usually?
With public news and the Baltic Index, you can see the macro rates, but to look into individual companies, it comes down to (generally) paid services or a transparent company in their earning reports.
>Which types of vessels would carry refined metals such as copper cathodes, or unrefined concentrates for example?
Smaller dry bulk (ultramax/supramax, handysizes, and possibly panamax) cover these and other non-iron/coal dry goods (think grain, bauxite, etc). Same have specialized names, like Kamsarmax (based on the port of kamsar for bauxite) but these are really just a specific panamax. Newcastlemax and capesizes are more iron/coal pure plays.
>Metals demand is slated to increase globally over the coming decades so it would follow that a lot of shipping would be necessary in order to carry that increasing tonnage going forward
If it's more specialized metals, I'd look at companies with smaller ships in their fleets (based on the list above). Companies generally list their fleets and ships so this is public. EGLE and Belco.ol are supramax pure plays with good governance, so they may be worth looking at. Grindrod was the best handymax pureplay company, but they got bought recently. I think Taylor maritime (London exchange) is handysize as well but I'm going off of memory for that one (I think they bought grindrod).

>>54551091
>Smaller dry bulk (ultramax/supramax, handysizes, and possibly panamax) cover these and other non-iron/coal dry goods (think grain, bauxite, etc). Same have specialized names, like Kamsarmax (based on the port of kamsar for bauxite) but these are really just a specific panamax. Newcastlemax and capesizes are more iron/coal pure plays.
Any knowledge source for all of these different vessel sizes and their purposes and whatnot? Loads of new terms all of a sudden
>If it's more specialized metals, I'd look at companies with smaller ships in their fleets
Copper is hardly specialized, and copper demand is going to be higher and higher. It's what first comes to my mind when I think of where the future demand in metals is definitely going to be. There simply is no substitute for copper, except maybe aluminum but that's also only in certain applications and it has poorer conductivity. So probably huge dry bulk carriers then? Do dry bulk carriers also carry refined copper products?

>>54550951
>But apparently it all mostly boils down to simply looking for the lowest OPEX and the rest should sort itself out usually?
Assuming the company has good governance (really only learned by exposure over time to them and news), low opex and rates above average (newer fuel efficient ships is a good indicator) will lead to a solid investment (unless retail investors are over valuing it then you have the speculation risk). NAV calculations can be inconsistent in shipping, so just be weary if you are using them. I use Marhelm and VIE Lite generally for NAV estimates.

>>54551196
Gotcha thanks
>NAV calculations can be inconsistent in shipping, so just be weary if you are using them. I use Marhelm and VIE Lite generally for NAV estimates.
I'm mostly just a cash flow guy

Good morning all, how are things?
Springs finally working out here, internets been out for a while. Did I miss anything?

>>54551192
>Any knowledge source for all of these different vessel sizes and their purposes and whatnot? Loads of new terms all of a sudden
I don't have a resource off hand (although I believe GNK or EGLE have a presentation on it), but the list for drybulk is as follows
Newcastlemax/Capesize: Big boys, deal with Iron and Coal (Mainly Iron)
Panamax: Middle size, Pretty flexible, include Coal (main resource), and Grain and Bauxite to an extent
Supramax and handysize: Smaller ships, Most flexible, these carry more of the "minor bulk". Range from grain, cement to non-iron metals like copper, and aluminum.
>Copper is hardly specialized, and copper demand is going to be higher and higher. It's what first comes to my mind when I think of where the future demand in metals is definitely going to be. There simply is no substitute for copper, except maybe aluminum but that's also only in certain applications and it has poorer conductivity. So probably huge dry bulk carriers then? Do dry bulk carriers also carry refined copper products?
Keep in mind I'm not commodity savvy so to me, anything outside of Iron is "specialized" from a dry bulk shipping perspective (or "minor bulk"). The smaller the vessel, the more diverse the cargo can be. I know supramaxes carry copper and so by extension I would assume this includes handysizes
>>54551224
>I'm mostly just a cash flow guy
This is the smart approach

>>54551601
Thanks mate. You're a goldmine of shipping knowledge. I'll screencap all of these for later.

>>54551192
Here's a cheat sheet for the ships I normally use. Copper isn't directly listed, but it falls under "minor bulk" I don't think it makes a huge % of the overall shipping market, but when transported, I see it in smaller vessels.

>>54551714
No problem, I'm just glad my ship autism can be of help. Nobody likes to talk about boats in the real world...

>>54551722
That's an excellent image muchos gracias por favor amigo

https://www.mining.com/glencore-sweetens-offer-for-teck-with-8-2bn-cash-incentive/

Glencore seems to be really interested in buying TECK, and Newmont and Newcrest are talking about buy outs as well. Interesting times for the big leage miners.

>>54551906
They upped the bid huh? It was expected I'd say. Teck will have to run this by the shareholders this time methinks. Last time they just flat out refused and invoked ESG by saying that Glencore is evil for dealing in thermal coal

>>54551982
I dont think TECK really wants to be bought out but if the share holders agree to it then thats it. It will be interesting to see how long such a process takes, Glencore likes to snap up companies relatively quickly. TECK on the other hand usually acts far more conservatively.

>>54552022
It actually seems like all the majority owners are adamant about not selling at any price, and they own 48% of the shares. So probably won't be sold even if it gets passed onto shareholders.
>Glencore likes to snap up companies relatively quickly. TECK on the other hand usually acts far more conservatively.
Teck is definitely viewing this as an opportunistic, hostile bid.

Ayoooooo

Small starter posistion in Hercules silver taken. 2k. Want to build it to at least 5

>>54551601
Are you bullish on shipping?
If yes what about le recession that's looming?

>>54551722
I'm definitely interested in shipping and went big in ctrm but that company fucking sucks. Zim.was also good.

>>54551091
U need to stick around shipping bro. There's definite interest in the sector but we don't have a lot of.knowledge.

>>54549380
Where do you keep up with shipping informayion and how do you get educated?

>>54552844
I concur. I hope he will

>>54551722
We have lots of interest in shipping but haven't had the knowledge base to dive deep. You are absolutely welcome here. From.what I understand shipping is a leveraged play on commodities. They go hand in hand.

>>54552832
>>54552835
The lowest price per ton cost the most to haul as a percentage of operations.
>Price of fuel doubles hauling tons of gold laden material
In a good market you would be largely unaffected.
>Price of fuel doubles for sand or salt or other aggregates
Might have to consider your options.
If the cost of hauling sand is $22/ ton and you're selling it $50 /ton obviously the logistics are much more detrimental.
Also during a recession the energy prices plummet which should be good for miners in sectors that are bullish despite the recession. As money pours towards safer havens like gold, they will make more money by lower their operational expenses while getting increased value out of the operation as gold legs up

>>54550361
Do you like cowboy hats?

>>54552292
yea i agree with what your thinking on Teck's part, Glencore buying them isnt a good move for the future.

>>54550113
I have 3% of my portfolio in July 21 calls with 20 strike. PAAS bros...I got too cocky and retarded

https://www.justice.gov/opa/pr/glencore-entered-guilty-pleas-foreign-bribery-and-market-manipulation-schemes

>>54553148
>3% of my portfolio
Post Bitcoin wallet

My technical & historical work on gold and the gold miners, points to a short term high of $GDX at $40. This is based on the forward returns of gold after recent exuberance, and the slowly declining ratio of the miners vs the metal. If you're bullish on the miners you may as well stay invested. But the history of gold prices suggests we are already at least halfway through the rally which began in September 2022.

A change in the dynamic of silver and the miners, vs gold, with gold relatively underperforming, is probably on the other side of more market turmoil, a final 25% or so leg down in stock markets. I don't think this is THE breakout which gets gold to $3k, I think the second half of 2023 is about stress in all risk assets.

>>54552832
I'd say tankers, LPG, and LNG are pretty bullish (both short term and long term to an extent). Containerships are questionable although "may" have dipped too much (the amount of containerships being built the next few years is the scary part). Dry bulk is mixed, short term I think there will still be weakness since it's so reliant on China, but the fleet construction (order book) is low for the next few years so long time looks strong.
>recession
Would hurt dry bulk (less construction) and containers (less consuming goods) more I think. Energy demands I would think stay high. Plus if wars are going on, disruption is great for shipping (fucks up trade routes and ship allocation)
>>54552835
ZIM is a roller coaster for sure. Started with them at IPO at $10 but left before they peaked. Their dividends are nutty. But they are really exposed to short term rates (they rent their ships).
>>54552844
I'll stay around, this is the only interesting thread/general on /biz/, everything else is crypto or meme stocks.
>>54552865
I use some news sites and paid services. I've been self-taught though, got into it because I was always into Maritime history but that doesn't pay shit.
>>54552931
I agree, and my lack of knowledge is in the general commodity stuff, so figured you guys would be the right crowd. Commodity demand drives shipping demand, and fleet access drives commodity access.

>>54553510
>I agree, and my lack of knowledge is in the general commodity stuff, so figured you guys would be the right crowd
Don't hesitate to ask if you have any questions. We may be able to answer. We're learning more all the time here

>GOLD Barrick 23%
>WPM Wheaton 23%
>FNV Franco-Nevada 23%
>PAAS Pan American 22%
>IAUX i80 Gold 1.7%
>CDE Couer Mining 1.3%
>GPTRF Grande Portage 0.5%
>PNCKF Galleon Gold 0.3%

any suggestions?

>>54552820
Hasn't Hercules already 5 bagged over the last couple months? What's going on that happened and still makes it undervalued even after that, aside from e-celeb pumping?

Silver bros wtff was that??? Are we redeemed PAAS bros?

WHAT
THE
FUCK
WAS
THAT

is that anon around still interested in Alcon Silver? Their extremely new to the market, so its a bit hard to tell how they will do, most of their properties are very high grade but its hard to tell if it will continue past 250m plus. Neat primary property but again, its difficult to tell if the ore body goes to depth.

Ayooooo

I’m ngmi

>>54554251
I have 3 on your list. Hecla is a fairly safe play and could do great if the silver run continues. They have a silver price linked dividend so you're getting paid something to wait that will go up as silver passes certain levels. For a riskier exploration play Inflection Resources seems to have a lot going for them.

https://www.youtube.com/watch?v=Vxh582Wwxqg

>>54554251
>OR Osisko Gold Royalties

>>54556191
Yes its me, thanks for the input. They're still a private company so yeah it was hard to dig any real infos.

>>54554773
Bought at 0.09; what made me start buying was the historical drilling in the 80s. I like these kind of play and it seems like market agree with me.

>>54556552
NFG is boss bro.

I’m holding that and LAB but unfortunately the latter is doing pretty shit.

>>54557125
one interesting note, their primary property is a classic high grade, near surface breccia pipe system that you commonly see around Peru. Their commonly extremely enriched at surface, but become nearly barren below 400m, thanks to how local water tables work. Thanks for finding them, its always fun to snoop around a new company.

>>54557142
NFG is a truly high quality gold explorer. I don’t know any others like it, it’s crazy it didn’t get mined decades ago desu

>Mint ratio gapped from 80.50 to 79.75
Jesus I need to reopen my short

What do you guys think to glencore?

>>54553510
>I'll stay around, this is the only interesting thread/general on /biz/, everything else is crypto or meme stocks.


Yes and retarded too

>>54554773
They are beginning their drill campaign.

quick link to mining.com on Ecuador, there have been a few stories on the country recently.
https://www.mining.com/web/ecuador-mining-opposition-holding-up-1-billion-of-investments-says-executive/

>>54558006
Hey panman what do you think of Mayfair Gold Corp?? They have 1.06 g/t Gold over 163.1m and 1.06 g/t Gold over 163.1m but only have 170m mc. What do you think of their resource?

>>54558079
let me check on them in the morning, power keeps popping in and out here. I dont think I ve heard of that one yet.

>>54558086
Thanks, i appreciate it. Its actually 1.06 g/t Gold over 163.1m and 1.25 g/t Gold over 119.6m. I'm off to bed though, sleep well!

Up 60% on Dolly Varden Silver, I wonder how much more upside there is or if I should start taking profits. Opened a small position in Guanajuato Silver since everyone seems to be shilling it and the pipeline looks decent. Averaged down on Minaurum Gold and Kuya cuz I'm near the money and think they'll get there. What do yall think of these companies the only one I've heard mentioned here is Kuya.

>>54558205
Its sad how much dillution was done on DV. I still remember late 2021 when I sold around 80c, it was still sub 150 MC.

Morning bamp

whats the short term outlook for silver
my silv is up 15% this month

>>54559469
lmao this nigga trading metals short term

>>54547647
>This lithium market is completely novel.
You've taken the narrative hook, line and sinker. Temporary supply constraints which are ironing themselves out don't make a "novel" market.
I love taking money from bubbletards.

>>54559469
retard.

>>54559469
I don't help smg tourist paper jews.

CPI 0.1% MoM, Exp. 0.2%
CPI 5.0% YoY, Exp. 5.1%
CPI Core 0.4% MoM, Exp. 0.4%
CPI Core 5.6% YoY, Exp. 5.6%

>>54560135
Inflation is slowing down. Welcome recession

WHAT THE FUCK WAS THAT SILVERBROES?

>>54560135
>2040$
THE LAST 40$ BEFORE WE MAKE IT BROOOOOOS

>>54560184
The sound of me making it

>>54560184
GOLD TOO

WTFWT

BANKING CRASH CONFIRMED HAPPENING RIGHT NOW

I am so glad I went all in

>>54560241
Copper and oil also spiked up. Maybe it's just the CPI?

>>54560331
Seems like the move is entirely a reaction to CPI release. USD also dropped like a rock on this news.

>>54560159
I refuse to believe the fed "conquered inflation".

>>54560619
I wouldn't call a deflationary crash "conquering inflation", but that's one way to put it I guess. Not that that will definitely happen or anything, but it's a possibility

>>54560632
These incompetent corrupt fucks haven't accomplished anything.

>>54559599
Confirmed fucking retard. There is no narrative to imbibe.

It is an objective fact that more batteries are being constructed compared to 10 years ago, so more lithium is required. The lithium market used to be confined to manufacturing enamels and ceramics.

Battery manufacturing appeared and required lithium as an input, but it was a small market. The market has and is continuing to grow exponentially. You can easily find unbiased data showing this.

You're just a fucking hubristic faggot who thinks he knows everything while being completely uninformed because of "muh jews" and "muh leftists".

You're cattle.

How do you guys feel about a ceo that's simultaneously running several companies? I understand explorers have a bunch of downtime but it still seems quite sketchy for management to be involved in so many different projects - and pulling 6 figures and stock options in each - and it seems to be the standard for any "experienced" team.

>>54560755
Depends on the companies and depends on the CEO. But as a blanket answer I'd say I prefer a CEO who is commited to the company I'm invested in as a shareholder.

it's over

Shipping update
>Brazil basedbean season may be delayed due to storms, delaying basedbean shipments
>Australia to be hit by serious cyclone, disrupting iron exports.
>Russia may no longer allow Black Sea grain corridor
>Russia and Venezuela may team up and use Venezuelan ports for Russia exports (Russia is a serious Coal and Wheat exporter on top of energy). May move dry bulk ships into the sanctioned market.

>>54561279
>CTRM is a shit company and they're already selling the ships they acquired during covid.

>>54561295
Facts, CTRM is absolutely shit. Selling ships isn't a bad move if the prices are good (can be a good signal especially if the ships are older), but they diluted their shareholders to acquire them.

Just added some Atlas at .75

>>54560749
>You're cattle.
>doesn't consider the fact that lithium isn't rare
>defends peak bubble, new paradigm narrative
Facts speak for themselves. Since I closed out my KOLD position and rolled the cash into a new target, lithium, my LIT puts are up 50% and I closed a nice 15% PMET short in less than a week. Meanwhile, cultists who believe in a narrative will blame "the markets," "the shorts," "the algos," etc., for their dwindling performance. The lithium bubble will end the same as natty did and there will be more money to be made on the downside. It's great that now even Rick Drule is shilling battery metals. A new batch of baggies will be born.

>>54561508
You have literally no understanding of the market you're shitting all over and it shows in the retarded shit you say.

I don't care about your e-celeb boomers or that your baby-mode puts and shorts are working out for you. Your premise is fucking retarded. You're talking like the lithium market is going to 0 and there will be no demand for the material into the future, meanwhile that isn't the case.

Nowhere did I "defend peak bubble" or call it a "new paradigm". I don't think the carbonate price should be $35/lb.

My performance in the space has been just fine. I have lost $0 and gained in excess of six figures trading it. You're fighting windmills while playing pretend like you're some kind of idiot savant, when in actuality you're just an idiot.

You are seriously fucking stupid and your hubris is going to get you into trouble.

Oof is it over silver sisters?

>>54561864
looks like (((they))) want silver under $25 and gold under $2k when Jerome speaks today

>>54562000
Checked. What time is that happening?

kek

>>54562004
I think 2 EST

>>54560509
Looks like the reaction to CPI release was knee-jerk. We're not out of the woods just yet.

>>54561578
Lol, I just made six figures shorting natty. I don't need your assumptions such as me believing there will be zero demand for lithium. There's still demand for tulips, right?
Maybe present a thesis other than the flawed electrification narrative that supports inflated valuations of so-called lithium companies rather than persisting with inane ad hominems.
I get an idea, develop it, then act with cash. My results speak for themselves. You are fast becoming my screencap meme for when LIT is trading at $25.

>>54560135
holy crap was that a spike or what!

>>54562732
I don't give a fuck about LIT, the carbonate price today, yesterday, a week from now, or a month from now, and I definitely don't give a fuck about the supposed profits you have made.

I don't know why I continuously engage with you. You're a fucking moron who can't think outside of black and white.

>>54562732
I remember when you were panicking every day during that natty short lol.

Don't think I could handle that stress.

Paas bros.. do not redeem

>>54562732
>big dick energy.

Glad you clapped those cheeks senpai!

Copper looks ready

The silver mines are healing!!

>>54563817
How you get the volume on the side?

>>54564131
Ask nicely

>>54563552
>>big dick energy.
lol the irony being if you call him out for being a retard enough and he'll show you and start "it's kold in here" posting

you guys are literally arguing about nothing. Are you really this bored?

>>54564284
Yes.

>1 year silver chart
>Bullish cup and handle forming

Anyone else in Sarama Resources? I have brought the name up before but finally just bought a position. It's like US$13M for 3Moz of what seems like a high quality resource, at least a large subset of it. It's in Burkina Faso which has problems with muslim terrorist organisations, but at this price it seems way too discounted. Orezone and West African Resources (I think they are called, Aussie co) just built new mines in the country. And Orezone is pretty highly valued, nothing like the Sarama discount.

>>54527760
what's this pattern called?

>>54564732
The up then down

>>54564374
>forming
silver is one of the few assets whose price is entirely based on fundamentals, any TA, whether bullish or bearish, proving right or wrong, in my opinion, is merely due to confirmation bias, look at anything for long enough and you'll find reasons to confirm or deny your hypothesis.
I will say this though, we've all heard the theories about silver being heavily manipulated, this manipulation could be accomplished through the use of algorithmic trading bots, meaning that a lot of what we see on the chart is the result of algorithms which by their design leave us patterns.
Anyways I'm not here to knock you down anon, just wanted to post my thoughts.

also
>stock market is fake
>charts are fake
>markets are rigged
>retails traders are doomed
>house always wins
>everyone is a bot
>god will triumph

>>54565024
Manipulation has been proven idk if you can read or use Google but maybe when you're done eating crayons you could look up the billion dollar fine jp Morgan got hit with of the guys going to point you in the ass prison about it
Have you considered that confirmation boas has led you deny reality by calling everything you can't understand confirmation bias or is that too fucking difficult?

We're going to have so many faggots pouring in here over the next month when silver and gold start to take off Gary called the low in oil today.

Remember to not only NOT help them but make sure you give them intentionally bad advice. Bayhorse. Klondike silver. Puregold.

>>54564602
>$13M market cap
>3Moz high quality ounces
>Burkina Faso
Say no more. I like the sound of that. West Africa is an excellent place for gold mines. I will take a look at Sarama.

>>54565231

>>54565179
I can read, maybe if you could too you would have read that I said that manipulation through the use of algorithms is what I was unsure about.
I didn't deny it, I was talking about the means by which is was accomplished.
I posted because op's ta didn't make sense because you can see an obvious breakout.
Just because you are invested in something doesn't mean you can't question things you see. I probably own more silver than you.

>>54565240
Not all of West Africa is the same, I think Burkina Faso and Mali are higher risk than the coastal states, due to the islamists. They have been spreading in recent years. But AFAIK the Sarama project isn't in the worst area. North BF along the border is where the islamists have pretty much taken over. They also had 2 coups in a year I think lol. It was because people were not satisfied with how well the gov fought these islamists.
There has been some talk about having the Russians help instead of the French troops that are currently in country. I bet the Russians would be more effective.
They accelerated the PEA due to poor market conditions and put their drill program on hold. Should be out in the 3rd Q, perhaps even early Q3.

>>54565329
>Mean by which it was accomplished
Read the article and not just the headline
This should help you with a plethora of issues I'm sure you haven't noticed yet
Or maybe point me to where you got this idea it was manipulation from algorithms?

>dick measuring contest
Stupid nigger everyone here knows me and hates my fucking guts. Back to /setf/ you weak minded dingleberry

>>54565429
Im sorry, I love you anon

>>54565397
I don't fear West African jurisdictions. There have been some incidents in the past but they're not big enough to worry me when I'm looking to invest in miners there.

Looking at the discourse on ceo, it seem shareholders are more than unhappy with the management and their frequent dilutions. I'll be the judge of that later when I do my DD.

I was inspired by Red dropping some Rule rankings a while back so I decided to ask a bit too. Mostly interested in his perceptions on bigger companies, he's better at ranking those anyway and he probably updates those rankings more often too.

>>54565458
Listen anon, the silver thing is a larger issue of futures trading. It's fucking rampant and the cracks are starting to show leaks. Nickel is doing the same thing and I bet youy my virgin rectum that it's literally in every commodities sectors and is downright overtly, cartoonishly fortified in the metals markets, especially PMs. The futures trading allows them to push the deliverable futures of commodities down today by exchanging those contracts on deliveries months from now. If the trend on taking delivery is downward daily then the spot price at that very moment is going to use that as an indication to lower that price point trailing that trend.
Also since the lme niggel fiasco it's only gotten worse because now those futures contracts could be bags of fucking rocks and not your contractual agreement. So with this information you should be able to dyor, use the archives, or read the last dozen threads that are linked in chains at the bottom of every OP with the /cmmg/ header.
Yngmi here if you can't do some DD or contribute. Nobody is here is going hold your hand your wipe your ass, at the most you might get a pat on the back. Consider my input the olive branch instead of the big stick

>>54565602
how much is enough to realistically make it in the "new" system? 1000oz? 2000oz?

i know its super useful for everything in the era we are in (technology), but whats a good realistic price target?

>>54565587
And here's 2/2.

It seems my positive view of Endeavour Mining was not displaced: Rick likes the company a lot as well. On the topic of West African companies, this one will be the number one candidate for the company that will be buying out smaller players. They have two mines running low on ore so maybe they'll acquire another company. Granted, they're also building one new mine and developing another quite aggressively, as well as upgrading one of their cornerstone operations. Not quite sure what the note on Ivanhoe means: "look for possible upgrade"? Upgrade of what? Who's looking? Weird note. The Franco-Nevada note is already a bit outdated as the Panama issues have been resolved. I think Orezone used to be 5? Probably upgraded now that operations are proving to be robust. Interesting notes on Exxon, Barrick, Agnico, BHP, Glencore and B2Gold, and nice to see the different views on all the royalty companies -- will have to DD Altius.

>>54565546
I actually like mgmt, CEO seems very competent imo. They also managed their listing on the aussie exchange together with an A$8M equity raise very well, got a great share price on that and no warrants I think. The small raise last week wasn't at a great price though, but I think they should be fine till PEA now. I think that is going to look amazing tbqh.

>>54565729
I'm going to look at all the news, balance sheet and md&a later to see how the books have changed over time and what the company has done with all the money, and whether the raises have been justified and done on good terms. I don't have much time to DD now but I'm definitely interested in this. I note that they have a JV with Endeavour... I'll probably have to contact EDV's CEO and ask whether they have plans to buy out Sarama. Might as well ask some other questions related to EDV while I'm at it

>>54565546
it seems like a lot of the major miners / explorers are pulling back from West Africa in general, likely due to governments becoming more predatory towards projects and general civil unrest. Difficulties with logistics seems to be another major problem, including counterfeit mechanical parts and even simple things like food. I dont usually look at Africa in general because of these sorts of issues, but its interesting that majors are starting to pick up and move on as well.

https://www.youtube.com/watch?v=gekPfjsMk8s

Interesting take on sugar and coffee

>>54565963
wellllll.... I suppose some majors are. But many big companies have operated and continue to operate great mines there and they remain very profitable. B2Gold, IAMGOLD, Endeavour, Fortuna, Barrick and Newmont to name a few keep on chugging along in West Africa. Simply put, it's easily worth the risk.

>>54565984
>but not salt

>>54538010
>rotate into miners
but why when you have GDX?

>>54527760
Kek who keeps making these highly detailed chudjack drawings

>>54565653
Idk the new system won't allow competition in the issuance of currency in fact it will only get more consolidated. Silver or anything else you wish to use as currency would be on a black market that emerges from a parallel economy that inevitably manifests to refrain from the new system, therefore creating another new system. I would prep while you stack so your stack is useful once that parallel economy becomes widespread and useful. If nothing else prepping lowers your costs on items by making bulk purchases and decreases the amount of time you spending doing things like going to shop every few days. With that free time you should learn trades that are helpful like gardening, fishing, hunting. It's free and fun, great stress relief, time with nature and your thoughts. Hobbies will become lifestyles in the new system.
Get the foxfire series and read it. If you can afford silver you can afford a library

>>54565963
The problem with Africa is that niggers exist

"Ah yes, the sextuple top on the WTI crude futures"

>>54566032
Yep their still operating all over africa, but it seems like some of them like IAMGOLD AND B2Gold were hedging their bets with North American projects in the future. Their not pulling out, but their focus seems to be moving elsewhere over all.

>>54565231
My DD is ready senpai

>>54530729

-$28 kek been there.

Pretty based otherwise anon.

>>54562732
The crux of every misguided thesis is a mountain of raw confidence built upon past performance. Appeal to authority. The ultimate investment fallacy.
Add in some leveraged ETFs and/or options for additional confirmation that the poster is in truth just a degenerate gambler.

Good luck anon. My low cost producers will continue to profit regardless.

Oh, noes, horse broes!
It looks like one of your PhD experts just croaked.

>>54565822
It is surprising that EDV hasn't bought them already, as they have a project right by the Sarama main project as well. Together there is like 4Moz in a 6km radius, with much more within trucking radius. I assume it is because EDV already has a lot of production concentrated in Burkina Faso, so they may be in jurisdiction diversification mode right now.
But I also see several other potential buyers, like Orezone who are now in commercial production and generating a lot of cash. West African Resources and Fortuna Silver are also in country and could easily be interested. Furthermore there are other mid sized operators in West Africa like Perseus etc.

>>54566842
>Goat industries
Nice try, fudster, but here we ride HORSES

>>54566842

>>54566842
>>54566872
>>54566881
GayHorse didn't want to spend the $200 on a news release to pay respects, or maybe fat man is indisposed at the moment.

>>54566881
>IS a long time
Everything is fine, fake news!

>>54566872
>horse delivering your silver divedends

>>54566929
>GayHorse didn't want to spend the $200 on a news release to pay respects
Better that they put it towards applying for the next permit. It's what Jackson would have wanted

>>54566947
Yes, it represents two days of "office" rent. That's much more important.

>>54566929
That's a smart financial move by Graeme, $200 doesn't buy as many ladyboys as it used to

commodities? mining? macros and generals? nikka wtf the only CMMG i know is the one that makes that banshee (sexy and cool but very impractical).

>>54567587
Roller-delay or it's shit

If you fuckers can dump your shares slowly at first then all at once on the coming flood of cryptofurries I'll be so fucking proud of you.
Honest question to pony holders: what about the silverjew and the endless stream of bullshit that he spewed over bhs still convinced you to looked beyond his garbage evidence or suspicion of that carnival barker?
Because he shilled a couple of good names that a few of you profited from? You know that rat poison is only 2% active ingredient and the other 98% is something to chew on? I'm not a geologist or an accountant, but I know how to spot a snake oil salesman when I see one.

>>54567587
Is that a knock off sightmark mounted upside down on the top without a remote switch to toggle it?
I hope that's not yours but I'm gonna use this image to troll /k/

>>54554251
Scottie!!!

>>54569567
And RR gave them a 7

>>54565587
Based. Thanks.

>>54565587
Damn he gave Endeavor a three and that's his highest ranking.

>>54569582
Probably outdated.

>>54569582
I never got a return email. I wonder if I fuct up somehow in my address

>>54563510
PAAS bros will make it. $20 tomorrow.

>>54569627
Or he wants to accumulate

>>54566502
True many are diversifying which is smart.
>>54566867
EDV actually has two mines running low on ore, both in BF so I think there is probably a better explanation. Maybe they're simply laser-focused on their own exploration and development pipeline, or maybe they're simply letting Sarama run the cost of the exploration. EDV would be smart to pull the trigger at these prices though I think.
>>54569609
EDV is fantastic yeah, if you don't mind West African jurisdictions. They have hefty cash flow, low AISC, long reserves (company-wide), and an exellent exploration strategy and development pipeline. They are paying out a strong dividend and doing share buybacks in a prudent fashion. And they have a strong balance sheet to facilitate M&A activity if need be. I did a pretty deep dive into the company and compared it primarily to B2Gold which is also great, but EDV has the better fundamentals out of the two

quick bake b4 bed >>54569768

>>54569756
From what I remember, their BF mines do have significant mine lives still. But Fortuna Silver is about to run out of ore I think.

>>54569795
Wahgnion and Hounde both have less than 1Moz left in Indicated resources, and little in the way of exploration done. They're likely already non-core assets soon to be sold say within 2-5 years

>>54569843
>>54569795
Pardon -- Wahgnion and Boungou. Hounde is still good to go for a long time. Boungou is also in BF

>>54569857
Boungou has 6.5 years of reserve left. Wahgnion has 7.5 years of reserve left. And they are bullish on exploration on both, so they may very well run for a decade or more.

>>54569942
You need to take into account that AISC tends to rise pretty quickly as reserves get depleted, and there isn't much in the way of resources to convert or exploration to add to the resources. Furthermore EDV is prudent in their mining portfolio and have made it clear that assets that do not fill certain criteria (such as long reserve life and low AISC) are going to be sold. EDV has already previously sold off assets that had begun to run out of reserves and resources, namely Karma and Nzema. They are not going to mine these mines out entirely.

>>54569567
>>54569582
man i cant wait to see what Scottie gets off that Blue Berry zone this summer. Its going to be fantastic, but it might take a while, Stewart got buried in snow this winter again. At least most of the access roads been plowed this year.