/biz/ - Business & Finance

I'm down so much this week lol

>>55308565
was it over when the Germans bombed Pearl Harbor?

>>55308635
On what?

>was intereted in MGG last month
>check today, its down 50%
Well well, thankfully I have 1000$ sitting around, time to slurp

Please shill me some mining stocks that will be big

>>55309071
SALT
NFG

Why didn't anyone tell me that the Dutch would shutter their gas field.
I would have splooged long into BOIL like a degenerate.

thanks for the bake!
https://www.mining.com/web/first-quantum-rebuffs-informal-approach-from-barrick-gold/

>>55309237
Scottie Gold still looks pretty promising as well!

>>55309071
>>55310994

Yep, if Scottie can keep the hits coming like ones the last few years with this big drill program they should do great

https://www.youtube.com/watch?v=FoKcCc5l0WI

>>55311553
i am honestly expecting a buy out for both Scottie and Ascot pretty soon, the Golden Triangles well over due for a consolidation by the majors.

>>55311579
agree 100%

>>55308565
Fuck, I just made my portfolio switch from 50-50 bull - bear to all bull.

I hope I made the right decision. It has been an honor posting in these threads.

>>55309071
Lurk moar and/or kys yourself

bump

bullish for gold & silver?

https://twitter.com/stillgray/status/1669108851378126851

What does
> 2 strikes out of the money
mean? I honestly feel way over my head with options. I read up on them and watched videos of people buying and selling them in real time and it still confuses me in certain parts.

Santacruz is finally back to trading.

What is more valuable to hold when silver becomes less common as the century goes on? Physical silver you hold or stocks in mining companies with significant silver output? I want to say actual physical silver will outperform as resource problems will first hit jewelers and jewelers are pushed out from buying physical silver to make things. I could see a black market where owning a stash of silver could be profitable there and remaining silver mined is fought over in the shadows between large companies that need it for their production purposes.

>Mfw if Vortex Energy is now reaching a bit over half of Salt's MC

These fossils can't get the FS and new CEO going quickly enough and hopefully the new guy can inject some life into this stock and we start getting a stream of news.
There's zero reason that Vortex market cap should be even remotely close to salt's considering how much further ahead salt and TPR are and what they have going on with the salt deposit.
Or maybe we should say that salt is undervalued as fuck at the moment, which ever works.

That being said here's some Canadian hydrogen stuff

https://www.canada.ca/en/natural-resources-canada/news/2022/06/date-june-1-2022-the-honourable-jonathan-wilkinson-minister-of-natural-resources-announces-the-regional-energy-and-resources-strategy-during-a-keyn.html

>As the President of the European Commission stated recently, “It is our switch to renewables and hydrogen that will make us truly independent.”
>hydrogen supplied by stable countries such as Canada, that will provide true energy and national security to Europe.
>in Quebec, the list may focus more on hydrogen from electrolysis, electricity exports, critical minerals and battery development and production

Hydrogen is at this point a very clear cut deal, it's coming and it's not even speculative anymore.
They will build the hydrogen infrastructure regardless of how much or little sense it makes and they will subsidize the everloving fuck out of it.
I'll try to buy some physical platinum if it doesn't run away before I can get money for it.

>>55308565
>3 months more or less crabbing around ath
>ogre
these two are not the same

>>55316274
And up 23% lol people are so dumb. Infuriating this market is. The dumber the inevstment the better it does.

Looks like GV might be selling Guanajuato. When his 5th biggest position gets this cheap and he's silent on his main twitter and not pumping it as being a good entry there's a pretty good chance he's the one dumping, check the volume today

have any new juniors popped up recently that might be actually worth looking into? I dont see many new projects showing up in the news feeds.

https://www.mining.com/critical-material-prices-are-recovering-but-the-outlook-is-mixed/

Interesting to see the big guys think Critical materials prices are coming back but no ones really sure how they will do long term. Things are just to hazy in the market right now.

only $599 if you register early bros

/pmg/: >>55320425
/pmg/: >>55320425
/pmg/: >>55320425

>>55316309
Physical is the safer play. Picking the right juinor/explorer could lead to generation wealth but chances we pick the wrong one. Me included, I love to gamble with 10% of my networth.

Just wanted to check back in after a year to say
>HEY THANKS ASSHOLES FOR LEAVING ME WITH A SHITTY PORTFOLIO OF CRABBING URANIUM. THANKS. APPRECIATE IT. FAGGOTS.

>>55321691
>He didn't know that /CMMG/ buys the top. Every. Single. Time.
You should have lurked moar, faggot.

bit of news from Skeena on their tailings storage facility court case.
Their being allowed to appeal the earlier decision from the BC Supreme court, where they lost the rights to the Eskay Creek Mine tailings storage site.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/787-tsx/ske/143287-skeena-announces-positive-decision-on-its-application-for-leave-to-appeal-involving-albino-lake-storage-facility.html

I still have no idea HOW they lost that storage site in the first place, or how MTO allowed someone to randomly stake claims over already staked territory.

>>55322847
> skeena
lmao i bought that garbage a few years back. fuck canadian mining stocks they all suck dick or are Bre-X tier scams

>>55322863
The Eskay Creek mines fantastic, but Skeena Resources seems to be just utter shit at management. They have a world class property but cant do anything with it but drill. An absolute same.

>>55309237
NFG is a fuckin monster.

I wish LAB should do a lil sumin sumin though.

>>55318722
>Invests in silver company that's losing money.

>>55323335
>silver producer
>not losing money
You're in the wrong business pal

>>55323139
>NFG is a fuckin monster.
true, every week they release monster drill results. when that short position gets burned and leaves, which will eventually happen, NFG will go on a big run. Even Sprott was laughing about the "short guy" in an interview

>>55320050
Not really, but I finally did some more i-80 gold DD. I actually like the stock, mgmt seems competent and you get a lot of leverage. Unfortunately their main project is polymetallic now, but they are getting some insane hits. But the ore does have a lot of deleterious elements that may cut significantly into payability on the concencrate, like what is the case with Skeena. I also don't know if they could run into permitting issues, even though Nevada is one of the best jurisdictions.
Still a lot of uncertainties with this one but it certainly has potential. Their properties hold big mineralized systems.

>>55309575
Gröningen has been effectively getting shut for as long as you and I have lived. It's not news.

VR Resources VRR = monster kimberlite pipe at Northway is a golden ticket here with huge potential to be the BIGGEST diamond discovery in the Canadian History
A billion plus ton kimberlite Get your ticket when its still cheap !!!!!!

A very well known Diamond expert contacted VRR a couple of times and could come aboard as advisor or director and VRR stock price would explode just because of this 1000 bagger potential = Ka-Boom!!!!!

>>55325207
>>55325272
Rocket Red identifiable after two posts

Word on the street is Debeers is watching VRR Northway and ready to scoop up the BIGGEST kimberlite discovery in all of Canada!!!!!!!
Let the bidding war begin and get your ticket before its to late
Smart money has been buying since the last month for MONSTER KIMBERLITES !!!!!!!!

>>55325207
>>55325272

>>55325367

VRR = 1500 metres deep by 1.2km by 1.2 kms = over 5 billion tons of kimberlite :))))) Look at this mag lows!!! This is easy 50 BILLION value Its no wonder Debeers and other majors are watching this closely for risk reward VRR cant be beat!!!!

>>55325207
>>55325272
>>55325367
>>55325512
dollartownbros...

>>55325512
>>55325367
>>55325272
>>55325207
Kill yourself

>>55325207
>>55325272
>>55325367
>>55325512

Lithium bros not feeling so good

>>55325207 #
>>55325272 #
>>55325367 #
>>55325512 #

>>55325989
more like masivo shito, if you catch my drift

>>55325207
>>55325272
>>55325512
>>55325367
Shorting VRR? just like MASS in Feb, kek

>>55325989
>>55326021
kek

>>55325837
if someone comes up with a battery that doesnt need lithium things are going to change fast.

>>55326711
Checked

>>55325989
>>55326021
how many months until VRR has lost over 50%?

>>55325207
>>55325272
>>55325367
>>55325512
nigger

>>55325207
>>55325272
>>55325367
>>55325512

Uranium chads we are gonna be fine right? This is still a generational low?

>>55327109
what low? Uranium is far from its lows and has been on a five year uptrend.

>>55327124
Still lower than the peak. I want to believe we get another uranium bubble

>>55327136
well buckle up then because uranium is still in an uptrend as previously discussed.

https://twitter.com/ericnuttall/status/1669695919661432832

Which company is Nutty referring to?

>>55327617
looks like he's talking about a company named Lucero, $LOU.

Ooooooooooooo I am summoning a massive heatwave for the next 2 weeks so my BOIL calls will pump bigly oooooooooooooooooo America must boil in 130 degree heat, millions must have heatstroke, oooooooooo the Natty Braps must be drained, $10 per MMBtu NOW!

>>55325837
Are the Brunswick anons still hodling?

>>55325837
>zero hedge
>a real source of information

Try again.

>>55329093
only trannies will want a shorter-range, slower charging exploding lithium fire-hazard in a few years

>>55325837
They are still using lithium lfps. What's the problem here? Did i miss something?

>every indices ever posted in /cmmg/ has a solid -100% return after a single quarter

Are these threads where capital goes to die? Doggoobertoadshitcoin is a better alternative than /cmmg/.

>>55329204
I think hybrid electric vehicles will become the norm (best of both worlds) unless magic battery tech actually happens but I am skeptical.

>>55329204
yeh, it is interesting. the entire world is set up for internal combustion. I envisage, it will be way easier and cheaper and more efficient to change from one combustible fuel (hydrocarbons bad) to another combustible fuel (hydrogen good), than it will be to completely rebuild the entire world for electric vehicles.

>>55329204
Trannies are a growing demographic. Sounds like good business.

>>55330092
this is the oldskool pump and dump general
tried and true scamming methods that have worked for centuries

>>55308565
I was told there is someone here who goes by silver minor anon and he is the go to guy for DD on junior minors. How do I reach him does he post here often?

>>55330901
>he doesn't know

>>55330901
Just buy Great Panther, Alexco, Pure Gold and Aurcana, some of the best ever DD here was done on those companies.

>>55331783
>not Bayhorse
ngmi

>>55331967
There's helping newbies out and then there's plain spoonfeeding them. Keep some secrets to accumulate at least

>>55308565
>It's Over Edition
It's just beginning

>>55331978
Does graeme know we post frog pictures of him?

>>55333318
Triple tops are usually bearish though

Economy is going to crash hard

>>55333318
>Crescat mouthpiece
Opinion discarded.
>>55333773
>Marxist cat lady
Shrieking discarded.
Still going to crash hard though.

>>55310994
>>55311553
>>55311579
how many shares of Scottie are enough to make it?

>>55333773
Economy is going to boom hard.

>boom boom
https://youtu.be/ftl_ckcpZgY

>>55335810
kaboom maybe

>>55331491
>>he doesn't know
well, why not educate instead of being a dick about it.

https://www.mining.com/web/worlds-no-2-gold-miner-is-trying-to-get-bigger-in-copper/

bit of interesting news, Barrick wants a bigger exposure to copper.

What happened with Dolly Varden? Last I checked on them they just made a new high and now it's fallen 50% from that point.

>>55338938
not sure but they were starting another year of exploration programs between their two major projects, which is great and all but I get the feeling the market and their investors want to see something more substantial for a change. They have a really great piece of territory, and they have several very good zones to work with.

I cant remember if they have made a decision to mine or sell yet either, its been a while.

>>55338938
just junior miner things anon

>>55338938
You remember Rana's youtuber media blitz last year that ran the stock up over .50 US on no news and then it fell back down? The poo at Dolly makes Rana look like an advertising amateur.

>>55338938
I don't normally get targetted advertising for mining company investments in my Facebook feed, but when I do, it's Dolly Varden three times in the last week.

They're spending their mining budget on promotion

some near surface VG for Goliath

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2210-tsx-venture/got/143424-visible-gold-in-goliath-s-first-drill-hole-of-2023-at-golden-gate-feeder-zone-surebet-extension-remains-wide-open-golden-triangle-b-c.html

>>55340533
Every week poo Shawn is pumping somewhere. I sold and don't have a position, all their women diversity crap and nonstop spending on advertising seemed like a sell sign.

https://www.newsfilecorp.com/release/170489

>>55340622
the leaf market likes the news

>>55340754
Ser, please don't be basterd and hold

https://youtu.be/eEkFruysx5Q

>>55344176

>>55340754
They did it again
I swear this is the only mining company I've ever seen in my feed

Broooooos should I just sell all my copper and cash out? Commodities aren't looking exactly hot right now and with China once again being China... then again, if their stimulus packet goes through, then we're talking.
How do you guys deal with this uncertainty? In typical stocks like mega tech, you just slurp every dip and hold, knowing that you will easily average 30-40% per year. But commodities?

>>55344325
Big red flag. They also have a very high market cap compared to other juniors. And their company name sounds like some kind of strip club.

>>55344338
yeah it's over for commodities when the crash hits (except gold)

>>55344367
I've heard good things aboot them and not just from PM
They're wasting money advertising to me though. It's not a good sign

>>55344508
They may have a good property, haven't really looked into them much. But they may still be overvalued. Lots of good projects at cheaper mkt caps.

>>55344589
They definitely have good ground. Not so sure they have good management. Or if it matters if they're just looking to sell the claims

>>55344589
>>55344768
If you subtract non-cash items (share-based payments), almost 19% of DV's expenditures are for "marketing and communications."

>>55344957
Yeah the spending is out of control in these juniors. Really a problem when only half the money raised go into the ground.

>>55344957
Probably a good sign for the company but not necessarily for the shareholder

>>55345000
Checked.
Twitter bots are money well spent though, no?

>Japan status: fallen
weeaboobros...

>>55325207
>>55325272
>>55325367
>>55325512

>buy the top frens

>>55345302
ethot bot promoters are an embarrassing look for a company

>>55345727

>>55345457
kek

>>55344325
these guys pump a ton into facebook ads for what ever reason.
>>55344508
>>55344589
they likely have someone with more marketing background in the office thats why. I agree too, yes they have a good property but there are better and easier to access ones out there at the moment.

Late night Monday bomp

if only Antarctica wasnt a frozen wasteland.

>>55309071
SBSW

>>55345457
It was never 13 in the first place. Only retarded Japanophiles with surface level understanding of nip laws thought that.

>>55349968
>retarded Japanophiles
No need to repeat yourself

Newmont puts Peru on hold.
https://www.businesswire.com/news/home/20230620512214/en/

the boys in NY made it to the office

>>55345457
>>55346226
no japan today

>>55351088

They're not going to let the dollar fall and gold shoot up so easily.
Ever since the top I've been in the camp of 1600-1800 gold before we gather enough strength to break through 2k range properly.
And if the markets in general take a gigantic shit then everything will go down hard, PMs and rest of the commodities all the same.

Putin announced during a meeting with Aperican leaders that the black sea grain initiative is going to be canceled; how likely is it that wheat is going to break 800?

>>55351143
Yes please. I need platinum to drop below $700.

>>55350495
Not really a huge surprise, the jurisdiction is a mess. They call it cash flow optimization, but it's because of jurisdictional risk for sure. It's a good project.

>>55352074
KEK

Everything is crashing

>>55353779
no food commodities are pumping, people need to eat. They don't need to drive, they don't necessarily need to heat, they certainly need no gold, but food

>>55353850
Imagine selling food for fiat currency. KeK

>>55353942
Yeah, I am sure that Mad Max is going to happen any day now. You unfunny zoomers need to go back where you came from

>>55353946
Not a zoomzoom but i would sell you some bushels s o y beans for an ounce.
Got some nice fertilzer, too.
Pay up pig.

>>55353971
I find enough that give me fiat and take fiat. Unless you live in some retard redneck backwater lolbert community that is separated from the rest of the world and only accepts shiny rock and enforces it with some retardation, the rest of the world isn't dealing in gold, and will never be dealing in gold as currency in your life time

>>55308565
TMC niggers you should have listened; doesn't matter now

>>55354037
It's happening right now in some countries.

>>55354360
What countries? As far as a I am aware, even in the most hyperinflationary countries, people rather use other countries fiat than shiny rocks to trade, from legal trade to illegal trade, a brief case of dollars beats a briefcase of ducats everyday

I'd hold off on any commodity stocks right now.

>>55354611
>As far as a I am aware
You are not aware. Atlas shrugged.

Someone post that pasta about /cmmg/ being the ultimate kek.

>>55308565
>Gregory Mannarino (schizo),

Why is this guy ever in the OP? He's not even a big name. I think I was subbed to him for a week a decade ago

>Macro Voices (shill),

Wrong, he constantly counter-signals gold in the short term

>>55355066
Then give examples. I could get whatever weapons, humans or other resources wherever I want with a briefcase full of dollars, getting the same with gold or diamonds, sure but more expensive because it's not as eay to launder and make cash out of diamonds and gold than launder a briefcase of cash

>>55354660
>I'd hold off on any commodity stocks right now.

Impossible to predict what will happen. The S&P 500 took another leg down in November 2008 but gold stocks ripped higher.

Salt bros...

https://www.youtube.com/watch?v=kdNi1V1w-X4

https://www.valuethemarkets.com/analysis/investing-ideas/featured/atlas-salt-exclusive-investor-update-june-2023?utm_source=shareholderletter&utm_medium=qrclick&utm_campaign=as001&utm_terms=investing&dcm_id=15232

>>55354660
I'd hold off on pretty much every stock for now.

>>55355745
I forgot about salt. The white gold of food commodities. Thanks for the reminder

>>55354660
Stocks are likely in a bubble, and it's just not certain what will happen with commodities. I'm only concerned with argi and honestly I keep hearing that supply is picking up again.

I'm starting to look at fixed yield: bonds mostly.

>>55355745

Basically saying things we all already know, probably just to put something out there as an "update"
I actually want salt to crash hard along with everything else in the market because I want to about double my holdings, but god dammit salt management has been pissing me off throughout all of this.

Apparently the management chose some total nobody company with little experience to perform the CEO search, which explains a lot.
They have really fucked up the timeline with this. Whole thing was supposed to be a quick sale and that's it.
First their drilling got delayed, then the PEA got delayed and had ridiculously lowball numbers, CEO search was supposed to be finished in February and who knows when the FS is coming out, it's supposed to be out this month, but I bet it'll be September at earliest.
Also TPR was supposed to either have been sold or already trading, but it's only now making it's way into the market.
And all of this has happened in a place where they have zero problems with the government etc.. It's been about as smooth as they can be on that front and still they've fucked up.

If the fundamentals weren't as great as they are, I'd be a big miffed to hold this stock through the slump and I'd be apprehensive to buy more.
Thank fuck their resource along with everything else is extremely solid and so is TPR all things considered with how great of a position it's in. This is one of the safer plays out there, because TPR alone is going to make this return to the highs at bare minimum.
Lackluster management like this can really only lead to delays rather than torpedo the entire damn project and those delays can't last forever.
Or hell maybe they'll bungle up the sale and let the whole thing go for something like 600 mil.

>>55355861
Likely? They are in such a bubble that one has to wonder who is pumping it with what. It seems to be capital still in the market just swapping around, less like a bubble more like a waterbed, with a leak that becomes bigger

>>55355861
>fixed yield
Based.

>>55355378
>Macro Voices
He shills shills. His podcast is a platform for recurring guests who promote their own services, much like KE Report and This Week in Money.

>>55355861
>I'm only concerned with argi and honestly I keep hearing that supply is picking up again.
You mean agriculture? I've been eyeing potash and it seems to still be in a downtrend. I think it might hit the $200-300 mark. What do you think?

>>55356160
Look at wheat, soi and corn. Ukraine is still in war, Russia said niet to black sea deal while the US has announced to reduce its farm output

>>55356187
The war has long been priced in so I wouldn't draw any conclusions based on that. Everybody knew about a year ago that that market is out of the game. Those crop price charts don't inspire confidence of a sustained reversal either. Potash market remains oversupplied and Nutrien has had to revise guidance significantly after initial promises of massive production hikes at the advent of the war in Ukraine. Potash therefore remains in a clear downtrend.

>>55356221
I expect higher prices, Europe can't scam Russia that easy anymore and if they want to be able to feed their population they have to buy everywhere at every price. The harvest in Europe doesn't look to be great and hohols have blown up an ammoium pipeline over the weekend

>>55355938
The delays do suck, but with their deposit, cash on hand and TPR position it is a lot more comfy than many other places we could be right now.

Stupid question, where does one buy commodities?

>>55356370
Depends. If you want physical, the respective supplier. If you want futures, your broker. I am using etoro for the moment. It sucks but is better than nothing

>>55356392
I appreciate the genuine response.

>>55356370
you can buy the actual physical commodities but usually those aren't an investment in the sense that you expect to flip them for a profit. There are futures for short term forex-style degeneracy or actually selling or ordering huge batches for industrial reasons. And then there are ETFs that give you exposure or even leverage to certain commodity spot prices.

>>55315012
In options trading, being "out of the money" refers to a situation where the current price of the underlying asset is unfavorable for the option holder to exercise their right to buy or sell the asset. It means the option does not have intrinsic value at the moment.

When someone says "2 strikes out of the money," it typically means that the current price of the underlying asset is below the strike price of the option by two increments. Each option contract has a specified strike price, and if the asset price is below that strike price, the option is considered out of the money.

For example, if the strike price of an option is $100 and the current price of the underlying asset is $90, the option is out of the money by $10. If the context mentions "2 strikes out of the money," it means the asset price is below the strike price of the option by two times the predetermined increment.