/biz/ - Business & Finance

>>55032283
Morning all!
Heading out for the day, but here's a new thread before i go.

Some news for this morning!
Minto Metals abandons their Minto mine in Yukon Territory, leaving staff and contractors with no idea on what their future might be. Yukon gov takes control of property management.
https://www.cbc.ca/news/canada/north/minto-workers-struggling-1.6849908

USFS puts a pause on Rio Tinto's Resolution Copper mine project
https://www.mining.com/web/us-forest-service-pauses-timeline-for-rio-tinto-arizona-copper-mine/

>>55032303
Hey deep dish dude! I don't have anything mining related. I have a bad tooth and I'm drunk off my ass on pain meds. But here's a bump and a hello

>>55032283

Your participation needed:

Global Hyperinflation General /GHG/
>>>/pol/427712274

>>55032303
>USFS puts a pause on Rio Tinto's Resolution Copper mine project
Nothing new from West Front

bump

fyi to anyone interested in Yukon projects, watch what happens with Minto closely. Minto was a yukon institution, a well known and long operating project that seemingly out of nowhere has shut down and left the Yukon government holding the bag to clean up. This will effect future projects and new permitting. Minto left the government with 40 million dollars owed for closure, the Yukon gov wont forget that.

>>55034611
nope not much changes on that, Resolution Copper is going through hell.

Both Goliath and Eskay Mining are gearing up for drill season! Eskay is focused on finding "Eskay creek 2", while Goliath wants to expand gold swarm

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2210-tsx-venture/got/141801-goliath-mobilizes-for-18-000-meters-of-drilling-including-maiden-drill-program-on-newly-discovered-goldswarm-zone-at-golddigger-project-golden-triangle-b-c.html

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/456-tsx-venture/esk/141757-eskay-mining-s-2023-exploration-program-focuses-on-discovering-eskay-creek-v2-0-at-its-consolidated-eskay-project-golden-triangle-bc.html

>2020 GV holds Aurcana "Revenue-Virginius Mine is incredible!"
>2021 GV sells Aurcana 100% gain "Revenue-Virginius Mine is terrible"
>2022 GV holds Silver X
>2023 Silver X buys Revenue-Virginius
>2023 GV "Revenue-Virginius Mine is incredible!"
>2023 Silver X terminates purchase of Revenue-Virginius
>GV ?

>>55037382
wow thats got to suck. I ll have to go read why Silver X dumped the purchase. The mine had a lot done to it, it was in pretty good shape for a buy out, I wonder what Silver X found.

>>55038088
It's a company killer

Lassen you still kicking?

https://www.livewiremarkets.com/wires/takeover-fever-grips-lithium-stocks-as-price-predictions-turn-bullish

Lithium-Bear faggot is going bankrupt.

>>55039584
PMET has to rise another dollar before liquidation starts. I've got this.

>>55040053
PMET is going to be bought at for more than $17 CAD.

You're delusional and have convinced yourself with hubris and shitty data that your shorts are right (they aren't).

>>55040389
>hubris and shitty data
deescribes the longs perfectly

>>55040520
Literally describes your negative $30k position that you're going to be margin called on in less than a month.

PMET releases news that virtually guarantees they will be bought out for more than their current market cap and your stupid ass doubles down on an already underwater position.

You are retarded. The only one who doesn't know this is you.

>>55039034
I really does look like that doesnt it.

>>55040629
>virtually guarantees they will be bought out
This sort of hubris is what I mean.
Anyway, I don't sweat being down 4.5% No-balls faggot.

>>55032303
You should work for kitco panman on a mining segment. Be an interview guy.

>>55037382
That's two major busts he's had in the past month. Not looking good for him.

>>55040520
Why are you shorting this other than it had a huge price run up?

If you're the same person I've thinking of, you don't really do any dd and you just short things after they've had huge moves and don't really have any strategy or game plan.

That is if you're the person I'm thinking of, of course, who is a huge douche.

>>55041050
Did you even read the article I posted or keep abreast of news in the sector?

Similar deposits have already been bought and sold for billions. It isn't hubris with concrete evidence you moron.

>>55041120
Nah i am no good at doing that sort of thing, but maybe doing columns or something similar would be doable! I wonder if they take freelance work? There are better guys out there though, a few people on twitter have been spotting some hilarious fuckups from the junior space.

>>55041143
>you don't really do any dd
Wrong guy. If you want some examples of my DD, check out what I had to say about I-80 Gold in previous threads.

https://www.wsj.com/articles/exxon-joins-hunt-for-lithium-in-bet-on-ev-boom-1d72cdd6?mod=hp_lead_pos3

>it's all hubris guise

>>55040053
good luck you're an asshole but I hope you don't get liquidated and win big

>>55041280
I like your DD brother, it's simple and to the point and it's not more complicated than just examining company filings.

On the topic of DD I like, WTI Realist has some great and educational articles on his substack. I'm not going to pay to read the whole articles but he shares like 2/3 of them for free. Tore down Surge Energy recently.

bump

>>55043336

https://stockhead.com.au/experts/they-are-cockroaches-rick-rule-says-lifestyle-explorers-need-to-become-extinct-for-the-good-of-the-industry/
always remember to check the company's management & insider compensation.

>>55041280
But even then I disagree with your opinion. Not saying that your dd is bad, it's good. But I disagree with the interpretation.

quick bump!
https://www.mining.com/web/us-imposes-sanctions-on-some-of-russias-biggest-gold-miners/

Gold and silver are for niggers. I only buy land and physical coal now

Bumpu

https://www.mining.com/web/newcrest-gold-mine-faces-probe-for-dust-pollution-in-australia/

every time there's a Canadian holiday and their market is closed, but the US open, it's a reminder of how much fuckery (shorting/algos) of resource stocks comes from the Canada side. Physical gold/silver down today and my stonks up around $2k

>>55050649
surely it's all just manipulation, smoke and mirrors instead of you investing in speculative, dilutative and negative cash flow penny dreadfuls

>>55041193
>Similar deposits have already been bought and sold for billions

>>55040629
>30k loss from shorting
I kneel

>>55052095
It's not a loss until I'm forced to buy.
And where does this $30K bullshit come from? The figure as of Friday close was CAD$27K ($US20K). PMETF is down over 3% today, so I'm not worried.

Market holidays are extremely gay, I want to see the lines go up and down.

>>55051918
And?

>>55052616
Show me the
>similar deposits
that sold for billions, particularly the submerged ones.

>>55051918
How deep is the deposit beneath the lake? There is no issue if it isn't directly underneath millions of tons of water but deeper down

>>55052852
PMET has hit mineralization 400+M deep. The trends the company describes cross beneath both land and water.

>>55053004
>>55052638
>cherry picking an inconsequential data point as evidence that your short isn't fucking retarded.

PMET will be bought out for north of $17CAD.

You will be liquidated.

You are retarded.

>>55053004
>shallow lake
doesn't seem to be 400m deep so there is probably no issue at all. Plenty of mines exist deep below lakes. Drilling may be more expensive or seasonal though, that area seems remote and difficult to traverse

Moving on, here's an interesting article I have been reading. It's on oil companies' CAPEX. Although so far it's only focused on Texas producers I think.
https://thecrudechronicles.substack.com/p/i-got-something-for-ya-again-114

>>55053030
Properties like that usually only see wide scale work done in winter, when you can get nodwells across the bogs and lakes without damaging the terrain. Summer drilling in that sort of location sucks but is doable, it just means your limited to barges for deep drilling, and light drills for on shore work.

>>55053028
Have fun with your dewatering and permitting.
Nobody is going to buy this pump job.

>>55053116
The outcrops and the shallow parts of the deposit are obviously unmineable, but 100-400m deep probably no issue

>>55053116
That would be a pain in the ass to mine, but its been done before. There are loads of mines in the Canadian Shield that operate around and below lakes, but those are extremely rich and also very deep. They also have to budget for massive dewatering setups.

>>55053116
I own exactly 0 shares of PMET. I'm only talking about it because you're shorting it and it's a fucking retarded idea to do so.

Enjoy being liquidated. Probably before the end of June (no this is not a prediction. I don't predict fucking stock price movements).

>>55053387
>liquidated
Don't you understand yet?

I

don't

care.

>>55053116
If the lake is shallow and it's a very large / valuable deposit I don't think it's a big problem to dewater part of the lake. Canada seems very keen on opening more strategic metal mines, so I think a permit is very likely.
It's worth noting that there are like 100k of those lakes in Canada so it's not really a big deal.

https://youtu.be/a1r8w02lGhE

>>55053421
I don't care if you care or not. That isn't the point. The point will be (and is right now) that you are wrong. You're wrong.

>20m000

>>55053441
Just like I was wrong on natty.

>>55053441
Just like I was wrong with EMO.

How do you fuckers even make money from this?

>>55053441
Just like I was wrong with Bayhorse.

>>55053466
>>55053499
>>55053518
More shit I don't care about. If you want to jerk yourself off, >>>/s/ is that way.

You're wrong right now. You're going to lose money because of it, whether you care about it or not.

>>55053508
>How do you fuckers even make money from this?
wait, what?

>>55053508
>make money

We don't practice that kind of jewish stuff around these parts.
This is strictly a non profit thread.

>>55053434
it really depends on whats in and nearby the lake, if its a well established ecological area, with fish for example its going to be a nightmare to permit, if its one of a million dead lakes than its a lot easier. Many of those lakes are basically lifeless most of the year as they freeze near solid (if their shallow).

>>55053552
This is great material. Rest assured, I've capped it all for later amusement when I reap six figures from this trade.

>>55053585
The cherry on top is that you're also a pathetic screen capper.

It's all so good.

>>55053779
>cites journalist article as DD
>claims not to be a shareholder
>is sure it will be bought out >$17
What's wrong, if you're so sure? No bankroll or no balls?

>>55053873
My money is deployed elsewhere.

I didn't cite anything as "DD". The event itself is significant. The source of the information isn't.

It will be. Wait and see.

>>55054119
>mining gossip column

Ay caramba!

https://www.mining.com/us-protectionism-could-benefit-canadian-miners/

Now if only Canada wasnt such a project bogging hell hole this would be great news!

>>55056503
Gotta consult the spirit elders bro

>>55057299
on a more positive note at least that BC Supreme Court case against Mineral Titles failed, so thats a win. Natives dont get to dictate mineral titles.

We are so close uranium kings

Can gold stop behaving like a fag for one second?

>>55054243
PMET up 6% in Australian trading.

Prepare to be liquidated today, you fucking idiot.

>>55059594
I
don't
care

>>55059610
Again, I don't care if you don't care. Keep huffin' that copium, retard.

This job is all about being right. You're wrong $30k+. Keep up the good job.

>>55059616
Lol, you think I give a toss about $30k?
I
don't
care
that
you
don't
care
that
I
don't
care

>>55053585
So much for the screen caps, eh buddy?

You going to be posting these ones too gloating about how you lost $30k on a retarded bet, but you don't care, so it doesn't matter.

At least you got those screencaps, huh?

>>55059639
>I-80 faggot is still sore about me exposing his shit pick for what it is

>>55059616
>>55059637
I have no beef with either of you but i'll just say that "i dont care about 30k" is full of copium

I won't throw 30k even if I become a milllionnaire and I don't think no one will. So you care.

Anyway, hopefully we retest 2020+ this week, I'm tired of this shit. Won't lie, 3 years of crabbing has done some damage to my mental. Will keep holding though!

>>55059637
If it opens up a dollar, you will be down $70k. You're the guy bragging about 100% returns over 10 years, right? Told you this would happen. You have been gambling with positive variance. Better realize that and adjust expectations and risk profile or you're gonna get wiped.

>>55059658
Grasping at straws now. I don't know what you're talking about.

I just think your hubristic gloating and retard-tier reasoning skills are worthy of ridicule.

Now you're trying to pretend you don't care about losing 30 grand. Meanwhile, you're gloating and informing people of screen caps for "when you make six figures".

Trying to have your cake and eat it too, faggot. I don't care that you're plowing full steam ahead into retardation.

Did you not think I expected that? I did call for your bankruptcy eventually. It will happen. You prove it the more you reveal of yourself.

One $30k step towards the final goal. Have fun, faggot.

>>55059673
Great, tell me that once I've pulled off this trade. One potentialyl shitty day isn't going to ruin me. I was partially liquidated TWICE buying KOLD and that trade worked out extremely well. This will be no different.

>>55059728
Your story is changing constantly. I thought your didn't care?

Clearly panicking over there while trying to cope online. Absolutely hilarious.

>>55059754
>I thought your didn't care
Before every trade I mentally accept that I could lose all my money. I'm already at peace with that potential outcome, therefore I don't care.
I transferred funds from my cash account to my margin account, so I'm not sweating it. In fact, I'll be looking to sell more.

>>55059797
Good. Double down until this singular trade is the one that makes you bankrupt.

Just hasten the prediction. I don't mind if it happens sooner or later.

lots of drama here as of late

>>55059800
Bankruptcy and liquidation are different things. You're assuming that all my assets are in my trading accounts, which they are not. I will still enjoy winters in my Yucatan villa and summers at the lake house whether I get liquidated or not.

>>55059845
No. I'm not assuming that at all. You've mentioned multiple times that you're ready and willing to sell assets in order to fund your degenerate gambling.

You will go bankrupt.

Since you're such a fan of screen caps. Post the screen cap at the closing bell today so we can admire your losses, idiot.

>>55059866
>You will go bankrupt.
Have blown up accounts before, have never declared bankruptcy.
I've won and lost much bigger trades than this (forex), but they have never negatively affected my lifestyle.

>>55059922

Please see: >>55059610

for my response.

Quite a lot of very vocal non-interest happening in this thread, and by multiple anons no less. Amazing

Something is brewing

>>55060071
Why are bonds selling off? ...Dare I say it? Inflation?
https://wolfstreet.com/2023/05/22/rent-inflation-re-accelerates-to-red-hot-all-three-now-agree-zillow-asking-rents-what-big-landlords-said-and-actual-rents-tracked-by-cpi/

>>55061348
Still not liquidated, faggot.

>>55061378
Give it time, my little retard. Give it time.

just bought 5,000 shares of Kootenay for $329, almost the 52 week low

I'm going to run crabs over with my car

Source energy services up again today

>>55062708
App won't let me screenshot it
Oh well... +230% since I boughted

Bruh wtf. And natgas dumped 7% this weekend too

https://twitter.com/GeorgeGammon/status/1660989460538966019

George is going limit OFF these day, incredibly based but I wonder what caused this shift

>>55063292
Crew is well positioned so swings in natty shouldn't matter that much in the near term.

>>55063569
Based George. The greatest danger you can do is presume people subjugating us is dumb. The greens does not think their solutions are viable, they do not really believe that improving energy efficiency and building wind mills can compensate shutting down nuclear reactors. They see everyone else as lesser; they are the choosen, they are enlightened. They are a antinatilist malthusian death cult. Progress hurts them, therefore every practial implementation they do hamper progress. They hate themselves and want to die and kill everyone trying.

https://www.aei.org/articles/why-are-liberals-less-happy-than-conservatives/
https://www.dagensps.se/varlden/energi/nya-karnkraftverket-stanger-elen-blev-for-billig/

Don't mind me

>>55066132
I've had a stinky 6 months so good to see someone somewhere making it

>>55066318
Other sand companies in NWS will have their time in the sun senpai. You'll see

https://www.theguardian.com/environment/2023/may/23/ceo-of-worlds-biggest-carbon-credit-provider-says-he-is-resigning

I am not sure if this is /CMMG/ material, but its major news. Carbon Credits always felt like a scam.

News for the bunker hill bros

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2120-cse/bnkr/141930-bunker-hill-announces-upsized-and-improved-67-million-financing-package-to-enable-completion-of-the-mine-restart-offtake-agreement.html

Wasn't this stock popular here once? doesn't look too good.

>>55067544
yep i recall that company... its been ages since i heard anything from them though. They were trying to develop a mine in Spain on the Iberian coast if memory serves.

>>55067622
Yes, it's base metals so I never bothered to look into it. I think they have some permitting issues.

>>55050649
You're getting entangled in the Las Vegas of exchanges.
Canadians have more words for dilution than Eskimos have for snow.

>>55066132
>>55066590
Im only up 32% on SHLE and down 2.8% on SND b ut I have faith. Glad to see you

>>55067544
Looks like market didn't like their new NI43-101. Zinc is also beaten up.

>>55067544
>>55068450
the math is the math anons, but I don't think anyone here drank the koolaid and bought emo

>>55067544
>>55067622
>>55068450
Don Durrett chased last year saying "it's rocketing but it's now or never"

https://www.youtube.com/watch?v=NlxV9KUBDZc

>>55068012
I'm going to email you one day soon. This fucking thing is a saga bro. Book worthy. Movie of the week starring Eric Roberts as lassenigger on TNT

>>55068533
I owned it for a while and got very nice returns. Scaled out as the price began tumbling down. Might buy again later sometime

>>55067544
>>55067622
Check the date and price. I stopped making fun of that faggot. Should update my meme

>>55035428
looks like she sucked the lifeforce out of Mike

>>55069565
none of us getting any younger

at his age you need a bottle of viagra just to do a thing.

https://oilprice.com/Energy/Crude-Oil/Oil-Price-Bearishness-Hits-Pandemic-Levels.html
If you aren't long oil and gas right now, you're fucking retarded

PMET up another 6% on the Australian exchange.

Imagine doubling down on a PMET short after they release news further supporting their $1B market cap.

You would have to be insanely retarded.

>>55070695
More news
https://oilprice.com/Energy/Energy-General/Shale-Drillers-Are-Auctioning-Off-Rigs-at-Bargain-Basement-Prices.html
https://oilprice.com/Energy/Energy-General/IEA-Oil-Bears-Are-Disregarding-An-Imminent-Supply-Shortage.html

>>55061378
Wheres the cap, capfaggot?

You're going to deprive us of the pleasure of witnessing your staggering losses? It's the least you could do since you subject us to endless faggoty hubris and nigger-tier arrogance while sharing shitty DD attempts mixed with half-baked grasps at using the one synapse your smoothbrain is running on to draw conclusions on the data you dredge up.

uhoh koldbro you're being ridicoooled again quick post your pecker

National Bank of Poland adds nearly 15 tons of gold to its reserves in April

https://www.zerohedge.com/geopolitical/poland-resumes-buying-gold

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2710-cse/bllg/141966-blue-lagoon-sees-potential-for-1m-ounces-gold-along-boulder-vein.html

Rana is pumping

Silver X Q1 - Net loss before tax of $1.1 million, AISC $26.60

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2860-tsx-venture/agx/141982-silver-x-reports-first-quarter-2023-financial-results.html

>>55071724
If only silver producers would stop producing at a loss, the price of silver would moon.

>>55071397
Ah, it's the ball-less wonder returns.
Well, faggot, according to you I was supposed to be liquidated yesterday, but I'm not. If those unrealized losses are "staggering" to you, you must be the poorest of poor fags.

>>55071731
That's like asking explorers to stop diluting. Posting consecutive losses is part and parcel of operating silver mines kek

>>55071784
You're going to be liquidated for almost (if not) $100k. You only didn't get liquidated because of luck. The Australian PMET is up 12% in two days. You know the cuckland side is going to catch up. Look at your with your pretend bravado lmao

Yes, that's staggering you fucking moron. I noticed you didn't post the cap. What's wrong, capfaggot? Scared?

Both encore energy and i-80 gold are set to be listed on the Russell by the end of the month.

>>55071784
Liquidation has begun.

Still waiting for that cap. What's wrong? You were giddy about screen caps just yesterday. Why won't you post it now?

Just so everyone can enjoy the retardation, let's have a little recap.

>Some faggot constantly gloating about shorting Lithium and acting like it's going to 0.
>His hubris leads him to short one of the most successful junior explorers in the space
>Gets told this is a bad idea, regardless of the fundamentals of the lithium sector
>Scoffs at this and lets his hubris cloud his judgement to the point where he doubles down on the short (this was mere days ago)
>Days later his retarded ass gets liquidated for six figures while he tries to pretend that he doesn't care
>Is a cap faggot, but won't post the caps.

I was thinking that it would take a month or so for the full brunt of his ass-pounding would come about, but Fortune provided the lulz in less than a week.

I bet that stupid faggot didn't even close out his short yesterday when he was given a chance. He decided to wait it out. Too bad the Australians decided to push the stock up 6% two days in a row.

Hopefully he's making one of his gay little screen caps to go along with his collection detailing how his asshole got BTFO.

That's a big US weekly commercial oil draw.

>>55066034
>greatest danger you can do is presume people subjugating us is dumb
They are dumb. Beyond dumb. They are fucking absolutely, absurdly, ridiculously retarded. What's why they need systemic, nepotistic avenues to powerful positions. Because I'm the marketplace of minds they would be trampled under the heels of autism by basement dwelling, neckbearded internet trolls residing permanently in the depths of Bolivian ferret line dancing image boards.
Don't give them too much credit

>>55072837
Of all the niggers itt, that nigger is niggardliest nigger that's ever nigged. He never contributed one god damn thing, ever. I hope everything that's bad in the world happens to him, only him, and nobody else.
I hope he steps on a lego.

Silver broke through the 100dma, I'd be very surprised if it doesn't close beneath it now. 50% fib retracement looking more and more likely for the ICL. Gonna swap my shorts for longs when it tags 21.860

>math

>>55074778
How to into this memelines TA for the GSR?

>>55035763
Luckily i nearly avoided that. Had to trawl through Alaskan news to find out if the mine was real or not as it was so under valued. I do like abit of wrn though, hard to buy in... will go down much more or a lil

>>55076489
I know its not Alaskan but i couldn't work out what was going on due to the legal stuff, at the time i think they won a court battle or got alot less fucked. Guess they still weren't happy

>>55075972
Gold is doing the exact same thing desu except it hasn't broken its 100dma yet and is crawling along the 23% fib instead, but I think it's still going to tag the 200dma which is conveniently at the 50% fib level just like Silver.

>>55077153
But how to do this exact charting but for the gold to silver ratio. I've been trying to figure it out. It can't be that hard but there's no ticker to plug it into. Maybe I'm just too dumb to figure it out

>>55077499
Oh I see sorry
>there's no ticker to plug it into
Pic related?
Or you could just use the comparison option to overlay silver onto gold or vice versa so you can see where they both are at a glance, but I imagine you'd still end up jumping between the two charts anyway to draw memelines on them

>>55077613
Trading view?

>>55077831
das it mane

>>55077897
Damnit man. I feel so damn dumb

>>55077924
Sometimes the banana you are climbing for is already on the floor

>>55076489
>>55076517
Minto is going to fuck up so many new projects, their board should be tarred and feathered for dropping their staff and a mine without staff on the Territory. Their actions to save their corporate asses is probably going to hold back more mines in the future, because now government will look and say "will you guys become another Minto?".

On the plus side, someone else may end up buying the property from the Yukon gov for pennies but it will take time.

>>55078614
Galactic Resources II

The anon here who sounded the alarm on Santacruz probably saved a few bros, still haven't released financials and still halted. Not looking good on the OTC. The longer financials are delayed the uglier they are going to be.

?

>>55080132
slurpin the dips
just dca down
ocean delivery 2 weeks

https://finance.yahoo.com/news/profrac-holding-corp-executive-chairman-201500933.html

These guys are on my fracking radar as well

https://finance.yahoo.com/quote/ACDC?p=ACDC&.tsrc=fin-srch

>select sands down...way down
My money won't clear until next week. If there's anything I really really hate, it's my life

>>55079950
investing in debt ridden company is never a good idea

fuck usury

>>55079950
That was red and Don durett is an idiot. Watch all these retards. It's like they don't have a survival instinct.

>>55081738
define "debt ridden"?

Should I buy Cameco now or wait? shit not going down

>>55082668
been wondering the same myself. I'm long Kazatomprom already since that's just much better value but I would also like to buy Cameco. The issue is just that it's not cheap

PMET down almost 6% in Australia. It's almost like the entire country was lurking /cmmg/ and had had enough of that faggot, so they all decided to chip in and boost PMET until his dumbass was liquidated.

Godbless Australia.

>>55080132
>>55080303
Ride the lighting my niggers

Fortuna is now producing at their new flagship gold mine. Rick Rule said in a recent q&a he likes Fortuna and they are cheap.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/871-tsx/fvi/142056-fortuna-pours-first-gold-at-its-seguela-mine-in-cote-d-ivoire.html

are we finally gonna make it

https://www.zerohedge.com/markets/citigroup-projects-30-silver-next-6-12-months

comex is open

>>55083521
Fortuna has some hurdles to overcome mainly with regards to their dwindling reserves at multiple mines, so I would say the cheapness is warranted (it accounts for the necessary capital spending). I do like their growing exposure to West Africa though.

>>55082982
Holy fuck

Reminder that Argonaut gold is slated to be the big winner of 2023, and the stock trades millions of dollars of shares per day on average so this isn't even an attempt to pump.

Oh, noes, PMET broes!
Are you o.k?
>>55072837
I thought I was supposed to have been liquidated for six figures. How can this be? Maybe even a retard can manage liquidity, or see the arbitrage happenning between PMET/PMT.ax and AUD/CAD, or see effect an industry puff piece would ultimately have on the share price, or recognize that all the liquidity provided this week has been done so by the shorts.
Faggot.

>>55085034
lmao, crawled out of your piss soaked mattress to come back and try and show some bravado?

Where were the screens when your shit was down close to $100k? You just neverendingly talk shit and have nothing to show for it. Your position is still down ~$30k. You have nothing to act so smug over, you fucking idiot.

>>55085082
>>55085034
I'm thinking the PMET shortfag is going to win.

>>55082707
I went with 2/3 Kazatomprom and 1/3 Cameco

>>55083521
Lassonde curve. Never buy after a first pour.

>>55084893
I80 gold and encore energy just got approved listing for the Russell

>>55085209
That's not surprising considering 9/10 people in this thread are functionally retarded when it comes to the market and trading.

>>55084596
I-i-is it that bad anon?

>>55085661
>i80
Isn't one of their mines under a lake!

>>55085680
Yes
:gigatard:

>>55086228
So is fission energy and that hasn't stopped them from receiving hundreds of millions investment and their c level making disgusting salaries.

My BHLL be doing a lil sunt’n!

>>55082110
This is the bro that thinks any amount of debt is bad and juniors should just pull money out of their asses for exploration and development

Watching Predictive Discovery, ASX:PDI. Looks like a tier 1 mine in West Africa in the making. Permitting risk seems relatively high due to project area being in the periphery of a nature reserve. Equity financing risk is also pertinent since cash burn is about A$45MM/year at the current rate (project development + G&A, the latter of which is about 1-2% of the market cap -- acceptable corporate costs imo). But, when and if they get their permits (should be in H1/2024) I will be looking to invest. In the meantime, a scoping study is coming out in H2 this year. I expect production to be 200-250koz/year for about 10 years, AISC should be well below $1,000/oz judging from similar projects in the area. Assuming no significant delays there should be a feasibility study within three years, production maybe 5-6y away. Once permitting risk is out of the picture and provided the company has a higher share price, I'll be more inclined to invest. The current low share price is a bit of an issue from a common equity point of view since they still need to issue lots of paper to develop this asset.

I'll have to look at Sarama in more depth soon too and compare the companies from an investment point of view. I like both projects but I have to take into account dilution risk, cash burn and the time value of any potential investment to get a comprehensive picture of the risked value.

>>55087498
India has no debt

>>55080303

>>55087903
And what a fantastic country it is!

>>55085082
Making money isn't a requirement to post here
It never was before anyways

Is anyone DCAing into any hydrogen plays? I'm thinking about getting a small position in plug just in case. Need to do more DD since i don't know how much of a meme it is but given the amount of countries subsidizing it I think it's worth looking into.

https://www.hydrogeninsight.com/production/world-s-first-green-hydrogen-price-index-launched-despite-there-being-no-trade-in-renewable-h2/2-1-1456231

>>55089495
Use the archives. I've posted lots about hydrogen, mostly DD in conjunction with diesel applications. But in the archives you'll find us talking about it from time to time

https://www.benzinga.com/news/23/05/32577202/profrac-holding-10-owner-makes-5-49m-stock-purchase

Profrac insiders buying the dip faggots. Don't say I didn't tell you

Bumping

wen?

>>55090722
Two weeks

>>55090722

>>55090722
she do that to me

>>55082982
I wouldn't mind having that Galleon stash.

>>55090834
Peak oil bros... when is supply crashing again?

>>55091094
>>55090722
>That id
Better luck next bread

>>55091187
>Peak oil bros... when is supply crashing again?
already happened. I spend $100 to fill up a tank that cost $10 when I first started driving.

zoom out. Shale and tar sands are responses to peak oil, not a denial of it.

>>55091482
That's just inflation. Everything has gone up in price. I'm sure it has been cheaper at some points adjusted for inflation, but it has been much more expensive too.

>>55032283
fuck my life how much further you guys think commodities have to fall? 30%? 50%?

>>55091528
>Everything has gone up in price.
X10?

I don't think cars have even done a 2x since then. The only thing I know of that's gone up like gasoline is houses.

>>55091542
I'm sure they have added some taxes too since then. Refinery margins may also be temporarily high right now.

>>55091566
coud be.

but as far as I know we hit peak light sweet crude a long time ago. Other crude shortly after. It's hard to judge for sure since OPEC and russia don't like giving out real reserve figures. But the US mostly ran out of liquid oil a long time ago. The shale boom is fun, but the reason it never happened before is because we still had much cheaper wet stuff to pump. Fracking and tar sands are proof that we already passed peak oil at least in the US, and very possibly in the world.

>>55091529
really depends on whether we're getting a recession/depression and to what degree. I hazard that oil and natgas have found local bottoms. Uranium remains high and going higher it seems. Iron ore and copper could see some weakness still. Gold might go either way but I have a bullish bias there... A liquidity crisis would cause commodities to crash. Gold could easily go below $1,800 in that case

>>55091824
I'm also bullish on silver/gold. Both seem to be lagging inflation and due for a pretty big correction upwards at some point. No idea when though.

>>55091482

>>55092093
It's like peak silver
we probably already passed peak silver
in the future we might find ways to recycle all the silver in the landfills and sewage sludge, and that might temporarily increase the numbers, but peak silver refers to very specific types of mining, and we're very likely past that point.

we hit peak oil a long time ago afaik. We're now mining the stuff from ever more expensive sources.

>>55091482
>>55092270
Oil price being $100 versus $10 is a sign that peak oil demand isn't here yet. Peak oil demand will probably come in 2050 or so.

>>55092311
yep
I'm talking supply, not demand

afaik peak demand in my lifetime hit in the 1970's. You guys may see it go much higher. I'll be dead by 2050

>>55092331
Oh yeah supply seems to have peaked. Demand is still growing for a decade or two, maybe more. The result is a growing price. Although a higher price should make much of the known resources economical so it's not like supply is running out anytime soon either. It's just going to be more expensive. Which is why I'm an energy bull

>>55092374
agreed again. We'll probably still be using the stuff in a hundred years. It's just going to be very expensive I'd guess.

>>55092394
I do think there is hope for cheaper energy in nuclear and other alternatives, the main issue is just the sheer amount of capital investment that is required. Over 80% of the world's energy comes from dinosaurs and plants underground and over time we've built this all-encompassing infrastructure around it. Not to mention all the materials derived from hydrocarbons. It's going to take much more investment, innovation and time to transform just the energy mix alone in any significant degree, much more than politicians and climate lobbyists would like. But then again, you never know... maybe some new energy breakthrough is made to ease the world's growing energy and commodity burdens.

>>55092451
I expect we'll go full God Emperor of Dune style, where everyone lives in cities, the rural folk travel by foot or in a wagon. Extremely high tech mixed with extremely low tech.

either that or humanity will all be voluntarily plugged into the matrix and fed an IV diet of onions green. Could go either way.

or maybe sentient drones will have executed us all. Any way you cut it, oil is going to run out eventually, and as you say we built everything around it.

>>55092471
s0iLent got filtered kek

>>55092471
I just think things are going to be relatively expensive until the necessary investments are made. Part and parcel of forgoing capital investments for like fifty years. It comes to bite us in the ass big time. Hard to say how society will adapt. More totalitarianism and war perhaps idk

anyone seen Lyn's holdings?

>>55092589
$TRAN
$FBOY
$MTF
$HRT

https://www.sec.gov/Archives/edgar/data/1529628/000119312516740740/d219314ds1a.htm

Esp
electric submersible pump

https://finance.yahoo.com/quote/SLB?p=SLB
Oops. Yeah. Uh some big brains wanna look at this for me pl0x?

>>55093462
Look at what?

https://youtu.be/IIsXmMAlF-c
I always wished for having my own mine or tunnel to dig in
Canadians and Americans have it so good with their geological diversity

>>55090722
That's a chink

>>55085034
lithium short chad, will you be shorting NVDA?

>>55095234
Even though I don't pay much attention to "tech," the AI drivel appears to be a fat target. But I prefer "one crime at a time," so I'll just let the AI niggers get more caulky.

>>55095278
Translation: I've blown my shit up enough trying to short lithium. I don't have the liquid capital available for more retard bets.

>>55095445

>>55095656
>obsession

Meanwhile this faggot spends his free time making images like this.

Oh to live life so disconnected from reality. Must be nice.

>>55095656
>obsession
Nigger the only reason anyone gives a fuck about you or your gambling is because you never shut the fuck up about it then cry the eternal victim when someone tells you to shut the fuck up. You claim not to care if you lose but you seem to really really really care if you win. Can't have it both ways.

And no, before you go all schizo on me accusing me of being one of your "mortal enemies" or boyfriends, I do not own PMET, natty, or fucking bayhorse.

>>55095278
Or, as they call it in America, cock.

>>55095656
>custom meme created at the drop of a hat
reminds me of silver miner anon

>>55095952
Nah, just something I recycled from my Gayhorse bin.

>>55094258
Slb stock

>>55096171
Makes sense

looks like his work because it was

>>55096652
100% false.

Pan Man, do you have any insight into whatever the Blueberry first nations thing is about in Alberta/B.C.? I understand that a lot of oil and gas companies are affected by that but I don't really understand how.

Which way are we breaking?

>>55082110
Anything above 30% of your cash (or eq). Of course, as that other said (although he is retarded and don't understand my point), I don't touch debt at all so consider me biased.

>>55082668
nobody can time shit so why ask.

>>55083987
Silver recovered, Gold didn't. We need it above 1950$ before close.

>>55085034
based retard if you win at the end.

>>55096806

I've been waiting for this to break down and I think it will. I'm still looking at this CRB chart to pay a visit to 190.
Many of these U companies along with a lot of others are still up 5-10x from where they started from.
So far we have seen an absolute shitload of companies go through this same song and dance but eventually retracing back to where they started from.
Not to mention that big support has been hammered multiple times by now.
What I think is going on is that we're earlier in the big cycle than people think, and instead of stopping here and rocketing up, we're going to do almost a total backtrack to where we started from before the real climb starts.
Would kick ass if we did, basically the last train arriving to the station allowing people to load up before it's off to the moon.

>>55097302
Why not use net debt to EBITDA ratio instead? Won't only looking at cash and debt give too narrow a view?

who is investing on space??? i heard glencore and rio tinto will join SpaceX and Blue origin

>>55098123
you heard wrong, stargazer
https://stockhead.com.au/resources/ground-breakers-rio-tinto-is-not-getting-into-space-mining-musk-fanboys/

>>55053508
Try to buy low and the important thing. Sell. Been unloaded other sectors. I bring myself to go mad on one company so ive got 20 comm/ energy companies at the mo. Let the stacking commence

>>55098080
>give too narrow a view
That's the point. I also check cashflow and all that jazz but all in all, I avoid debt in all form. That's just me anyway.

These last 3 years taught me producer like to use debt to leverage their future cashflow by buying new land so even if I invest in one, it'll always be a small position. Explorer all the way!

>>55098354
Missed out cant. Its not easy, had a run jan but last months have been a battle. Started this month down on my prof for the year. Feels like starting again. Worked that back up but trying win faster than loosing but thats the joy. What goes around comes around.. apart from gti energy. Thats looking fucked beyond return. All make silly mistakes. Lost more betting on Trump last election

>>55098423
Sis you buy your home in cash? Your vehicles? Your education?

>>55098493
Everything is paid in cash. If I can't, I don't. Pretty simple.

>>55098423
I get that, I also avoid buying companies that are too indebted to my taste. Being overleveraged can come to bite you in the ass after all. But what I don't understand in why you value explorecos so much? They often dilute shareholders so fucking much that all the upside gets stolen away.

>>55098528
How much did you pay for your house? And how many vehicles do you own?

>>55098568
I know my risk with exploreco. I don't know when shithead will decide they want to take some debt.

Guanajuato CEO had no reason to take debt, he had enough land and work on his hands but decided against it and took more early 2023. Same for Altiplano. Same for Lion One (although its more a devlopper than producer). The list goes on. Debt is too attractive for a positive cashflow company, easy leverage.

>>55098597
No house, price too high for an outright buy. A few thousands for my car a few years ago when it wasn't retarded like today. Same for my education. Debt isn't a must in life anon. Doesn't mean it can't be used, its a very good tool when you're smart about it. I just don't like it.

>>55096806
I'd be inclined to say up because physical spot prices will not be going down. Encore just got listed on the Russell. Great time to buy.

>>55098634
but you also don't know when shitheads will dilute you at fuck-off prices now do you? So your upside can get diminished every which way by vulture behaviour. And your downside is of course literally zero if the company isn't successful with exploration. Not saying all explorecos are bad investments but most of them are.

>>55098662
Of course, but you don't have to hold it for so long. You need extreme bad stockpicking to chose a company that dillute you to death. With a 2-3 years horizon, I don't believe you can't make gains, at least that was my experience. Most exploreco are garbage, we can both agree on that though.

>>55098634
I understand. Debt is necessary for most of us. I have a balance both directions of about 80-100k constantly. If everything were paid to me and I paid everyone I'd be about half that in the green. Businesses operate on debt. It's just numbers moving back and forth. Net 30, 60, 90, etc.
Had a company wanted to get paid in 30 days but didn't pay until 90 days. I put them in the limelight nationwide and they had everyone else put them on 90, because that's when they paid out.
That company made it about another six months before they had to start kiting checks and other dumb shit. Eventually they folded because they were very likely insolvent years ago and stay afloat playing these games

>>55098699
Ah so you trade explorecos? I suppose if you're good at timing your buys and sells then you don't have to worry about getting diluted. Many explorecos, even the more high quality ones will dilute their shareholders a LOT in just three short years.

>>55098724
I wouldn't say I trade, I hate timing and view trading as a retarded way of making money. I just don't see exploreco as a buy&hold forever. I buy with 2-3 seasons of drilling in timeframe (so min 18 months). Even with dillution, considering how cheap quality exploreco are, I'll be far ahead once the uptrend restart.

A good stockpicking, combined with strong fundamentals (we're in the biggest gold bullmarket in human history) is something I can't see us losing. Story need to be simple, sharestructure low, bonus if we have historical drill and/or a few well known already invested in.

>>55098713
Yeah again I can totally understand people taking debt. Its just not for me. I feel sick when I owe debt to someone. Peace of mind can't be bought.

>>55098801
I guess "trading" is a bit of a loaded term for some. People tend to associate that word with daytrading or something similar to that. So your timeframe for owning the explorecos is at least 3 years? That seems to be a long enough timeframe to confirm your thesis. But, I do hope you take dilution into account when you do your DD. You probably have some target price for your stock picks but poor private placements and high G&A or other mismanagement can absolutely suck the shareholders dry in a few years. If your price target on a $200MM market cap company is $1B and the stock gets diluted by 60%, the upside ends up being 2x instead of 5x, and the explorecos are usually more risky on top of that. This is why I've begun favoring developers and producers more, the upside remains fairly static as opposed to explorers that can melt much of the upside. Just look at Skeena for example... Sad state of affairs for such mismanagement of one of the best exploration/development projects in the PM space.

>>55098801
>people taking debt
No company operates without debts. Accounts receivable accounts payable. This is how I know you've never ran a business. And you never will

>>55099654
Indeed, never did and never will.

Your point ?

>>55069565
>she

>>55099780
Just illustrates how far outside of reality you reside. You'll never own a business, you'll never own a home, you'll never own shit. I'm glad you don't have any debt. Nobody in their right mind would loan you a rotten apple

>>55100192
>i'll never own anything because I refuse to be in debt
Ok Moshe.

>>55100215
Kek. Even a loan shark wouldn't let you hold a user diaper and let you out of their sight. You know what you are you braindead niggercattle
>Moshe
Get new material you dirty poor

>>55096715
That is a legal battle thats VERY complicated and i am not sure i am the right guy to explain it, but basically the Blueberry nation had a treaty, the BC / Alberta govs have ignored it for a century, and they finally showed in court that the Treaty rights were in good standing. The provinces have to pay out damages and rehab a bunch of work done without prior consent from the nation, but its far more complicated. I ll see if i can find a good article on the matter for you.

>>55096715
Anyone working in the Blueberry Nation territory would have to get permit permissions from both the Province and a sign off from the band now, as well as negotiate any payments or revenue share generated from activities on their territory. Its going to get expensive very quickly.

>>55100745
>>55100680
Thanks for the info. Seems like this could mean new o&g development may be getting more difficult to bring on in those Blueberry areas

>>55101003
oh its going to get extremely difficult to operate in there without approval from the local band, their fairly industry friendly, but they want whats owed to them in back pay so to speak.

its looking like Alberta Canada is going to have a conservative gov again (advance polling indicating anyway) which will be interesting for the oil and gas sector. The NDP were proposing some extremely poor tax plans for corporations, which seems to have demolished their chances at becoming government again.

>>55102434
this should be good for pipeline project permitting. I hope

>>55082982
Well, at least Bayhorse is number one on your list, for losing you the most money. Maybe silver anon will cover your losses since he prepared all that DD you relied on to make the investment.

>>55080303
>>55082982

atta boy cowboys

We should’ve just brought nvidia