/biz/ - Business & Finance

Thoughts on US Farmland?

Coal guy here. Just putting it out there so people can identify my user code, since I'll probably make at least a couple dozen posts in this thread.

Steel anons, anyone else watching what happens with the US Steel take over by Japanese Nippon Steel?
I am not as versed in this as a lot of things, what killed US Steels productivity? Its been going down hill along with most of the US's heavy industrial sector, but was there a specific reason for their down fall?

https://www.mining.com/web/us-steel-takeovers-fate-may-hang-on-the-words-of-a-union-boss/

Gary says

>>57815800
How many weeks away is this?

>>57815964

Is URA coming down again? Also I found a complementary ticker and I'm inclined. Any thoughts?

>>57815964
Untill we all capitulate

Commodities?

I call them ditties.

>>57817765
Sing me a little ditty.

>>57817273
so never?

>>57817765
cum oddities

GDXJ to zero

>>57819397
bottom signal; all in

>>57819397
>investing in minors
He's over here officer

>>57814481
Thanks, anon! I'll keep you updated. I'm also trying to share anything I learn to people interested, so I'll drop tidbits as much as possible here.

Chinks paying over $2200 an ounce

>>57814393
It's not in me to be nasty toward a subordinate, rather just rational about business and meeting specified goals in a timely, incident free, and cost effective manner.

Exactly. It's not personal. Just a statement of "We need to meet X goal by Y deadline, and here's what I want you to do to accomplish that."
I usually follow that up with, "Is there anything you need to help you accomplish the task?" since it's my job to make sure they have everything they need to do the work safely and quickly.

As a contractor I have an even easier motivator. I get bonuses for getting work done ahead of schedule and under budget. I share those bonuses with my crew. They get paid more if they work quickly and safely. Probably not an option in most companies though.

>>57819994
What's causing the run up in gold?

Fuck, looks like they have their algos locked in to grind it down overnight

>>57820515
10 years of lagging behind inflation and it's finally starting to catch up.

>>57820515
that's the physical market, as opposed to our fake and gay Comex paper market

Bullish on NatGas, buying 2k shares of HNU tomorrow

>>57820566
For coal's sake, I really hope natural gas prices soar. They're so low right now that it's hurting coal.
If gas prices rise, we both win.

Big pop in Meteoric Resources in the ASX right now. Sovereign Metals is also performing well, seems like a commodity bullrun is happening. Exciting week ahead for precious metals and energy as well, especially gold and silver.

>>57820526
That's a good thing, if it causes a violent pullback that'll be the best opportunity to add. The high is in, nothing is going to stop this run.

>>57819994
>>57820515
>Chinks don't invest in stocks because their market is a scam
>Housing bubble in China crashes meaning they need some way to store their value.

>>57820982
>seems like a commodity bullrun is happening
Is it finally the end of 2 more weeks?

>>57820551
What's the difference? How is the paper spot derivatives not mirroring the real price?

have we looked into Northisle Copper yet?

Their up by Port Hardy, on the northern tip of Vancouver island. There have been quite a few major operations up there in the past.
https://www.theassay.com/news/northisle-copper-announces-high-gold-copper-recoveries-at-northwest-expo/?utm_content=284410215&utm_medium=social&utm_source=twitter&hss_channel=tw-918382730424885248

Pulsar helium
Biggest helium find in north america

>>57821440
i wish
>can't make money general

Gold is hitting all time highs and this thread is pretty quiet. Very interesting. I wonder when sentiment will turn.

Another reason I don't trust the c-suite suits even though I'm supposed to defer to their expertise is this, and this is a BIG one:

In 2008, US coal production reached its peak at around 1.2 billion tons per year. Now, we produce just under 600 million tons per year. That's a 50% decline in 15 years.
Half of the coal mining workforce from 15 years ago is gone.

What did the executives do about it? JACK SHIT!
They didn't make the needed deals with Asia to sell our coal there. They just let the industry shrink by 50% and did absolutely nothing.

This has to change.

>>57824011
When I think of it this way, it just leaves me steaming. Our leadership, our executives, sat there doing layoff after layoffs as the industry shrank with, effectively, their thumbs up their asses, collective nice salaries and bonuses while being complacent about relentlessly declining coal sales.
It fucking steams me.

>>57824050
*collecting

>>57815285
Why is Glencore going down bros?

I was watching Milei coin 2 months ago and it already went 8x.
I can't fucking believe I'm still here invested in miners hoping for a 4x MAYBE sometime this year.
Fuck

>>57824445
Why don't you just go to the casino and try your luck today either you x100 or you -100%.

Can someone tell me how powerful the last bull market in commodities was? I mean like the one in late 2000s early 2010s?

Were random shitty miners doing 10x?

>>57824542
>10x
More like x20 x50 x100. Literal scams and companies with no resource estimates getting a billion mcap. Something along these lines.

>>57824174
not sure might be because of nickel. But it's hit its moving averages so should be a pretty decent technical position to buy
>>57824542
I think the last bull in gold was in 2016, bit of a stealth bull and I think the average gold miner tripled from very oversold positions within 6-12 months

>>57824871
proof?

>>57825300
Most of these companies don't exist anymore. Best way to see how crazy things were was the oil and gas sector because most of these companies exist: CRK, PBR, CTRA all the midcap oil and gas companies, and you can look at some of the mid cap miners/explorers that were around at the time like LUG, PAAS, SEA etc... Coal companies like SSL and the ones listed on the HKEX. Most of these stocks went x10 some ever x30 x50. Same thing happened back in the 70s if you listen to some of the old guys that were in the space back then, you didn't even need to hit a drill hole rock samples were enough to take a stock hundreds of percent to the upside.

>>57825471
just goes to show how crazy sentiment can get. Both to the upside and downside. Sentiment has been insane to the downside as of late which is a buying opportunity

>>57824011
>>57824050
Isn't BTU buying up a bunch of domestic mines?

>>57823499
I think the S&P500 just has everyones attention now.

>Besides the powerful price/volume performance during Friday's trading session, what really stands out to me is how little attention gold is receiving. A scan of financial sites such as MarketWatch, CNBC, Bloomberg etc. returns zero articles/headlines on gold and Friday's all-time high close.
-GoldFinger

>>57826029
Haven't heard or seen anything on that, but I hope so. Peabody already has an international clientele, so they would be the best positioned, of any major US thermal coal producer, to get going on big shipments of thermal coal overseas.

>>57823499
smells like it could be $2100 before everybody wants to grab some

>>57824011
I don't even care if I see no benefit from coal mining companies establishing ties with Asia for exporting our steam coal over there. I just want to see this happen. It boggles my mind how the U.S. coal industry has been allowed to collapse by 50%, despite very strong international demand for coal, when we are sitting on the world's largest reserves including some of the world's best coals.
I don't get it, and I worry about the future of coal miners and coal companies here.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2830-tsx-venture/nfg/156985-new-found-receives-initial-3-d-seismic-interpretation-initiates-deep-drilling-at-queensway.html

>>57826958
As to that pic of my rainbow anthracite lump, it really is good stuff to burn anthracite for home heating or even for cooking. It burns almost without smoke.
Anthracite occurs almost exclusively in Pennsylvania in the US and was once heavily used in people's homes for exactly those purposes. It's much better than bituminous coal for cooking and home heating because it doesn't give off so much smoke.

>>57825847
Yeah. kind of like the AI mania no one knows what they're buying but they're buying it because It's going up.

IT'S HAPPENING! TRUST THE PLAN!

>>57828002
WAGMI

>>57828173
WAGMI MOVING TO JAPAN!
>Insert nip with big breasts.

>>57815800
>>57815964
>>57816001
>>57819994
>>57828002
>>57828173
>>57828280
JAPAN WAGMI IMMINENT

>>57828280

>>57828474
>MILK

>>57828474
That's a very cute Japanese man.

>>57828492
WAGMI

OMG THIS IS IT TRUST THE PLAN! DIAMOND HANDS!

>>57828615
>MIIIIIIIIIIIIIIIIIIILK!

Scrap dropped to 420 this morning, steel still listed at 790.

Which ever anon told me to look at steel versus gold, thanks. That's a super interesting chart. Seems to for sure have a horizontal support area. I wonder why that is?

>>57828517

New Bayhorse NR

https://ceo.ca/@newsfile/bayhorse-silver-receives-significant-mag-vtem-survey

>>57828904
Fuck you Greame

>>57828919
Hope the trailer is treating you well Red

>>57829058
I'm the Finnish anon

>>57828646
$2102

Guys... Don't get to cocky this time... Umm guys... This is not supposed to happen... Can't make money general what's happening?

>>57828383
>>57828474
>>57828615
>>57828705
>>57829431
Japan immediate?

>>57829431
>>57829491
HAPPENING!!! PACKING MY BAGS JAPAN I'M COOOOMING!

>>57829457
nonono why is there green in my portfolio how could this be happening to me?!

>>57829541
You will break even in two more weeks and proceed to x10 your portfolio in the subsequent two weeks. TRUST THE PLAN!

>>57829541
>>57829567
Guys I'm not use to making money, quick tell me how to get back to red.

>>57829567
NOOOO MUH CHEAPIES

>>57829491
>>57829532
$2109

>Inb4 miners pop a bit but then do nothing for the next year except trickle downwards because the sentiment is so terrible.

I actually expect that to happen considering the track record so far.

>Gold hits all time highs
>No gold threads
What does this mean?

>>57829663
The sentiment is already shifting anon. I expect a pullback tomorrow or the day after but the trend in gold is set, and the trends in miners are reversed now. We're going up it's official

Haven't been here in a while. Just came to visit on the new gold All-time high and say we're right and to be patient. Buying and holding might not have the potential to make the MOST money but it's the least risky way (in a risky volatile sector) we can still make a LOT of money. Good luck boys. WAGMI

>>57829601
>quick tell me how to get back to red.
Not gonna happen YGMI in 2 weeks.
>>57829661
>webm
Genius.

>>57829691

The sentiment in goldbugs or these threads or some youtubers who have been eyeing the field in slow death spiral waiting it to reverse for three years doesn't mean shit.
Sentiment has to shift among the big players who are throwing their money into tech and so far that hasn't happened.
We'll see in a month or two what the trend actually is when the initial reversal expectation hype has dissolved.

Crypto bros got us beat for now.
What are our explanation for both gold and bitcoin going up. I didn't think normies have enough money for buying crypto and are instead buying groceries.
My hunch is the chinks are buying gold up and pushing it up.

>>57829814
china panic play with their economy?

>>57829814
>I didn't think normies have enough money for buying crypto and are instead buying groceries.
There betting their grocery money with leverage.

After the millionth 8 year cycle low and another intermediate cycle we are all going to make it and the bankers can't smack it down.

I knew Gary was right all this time.

>>57829868
Kek.

>>57829784
guess you'll just have to wait and see. New ATHs after a solid long base are the most bullish signal I know of

>>57829784
Bullish sentiment comes at the top.

>>57829756
$2113

I’m in kitco watching the live chart, and holy shit. It’s up $2 in just the amount of time it took me to write this. A rare green day for gold.

I’m sure there will be lots of selling and pushback, but the longer term trend is clear. I’m cautiously optimistic after sitting in this sector since 2018.

>>57830004
NIPPON I'M COOOOOOOMING!

>>57830030
>>57830107
$2112

>>57830278
Perfection.

What the fuck is it actually going to happen? Is it for real?

>>57830525
$2117

Great day for gold, and therefore the world!

>>57830555
MOOOOOOOOOOOOOM! IT'S FOR REAL MOM!

>>57830525
In two weeks you'll be retarded

It's over.

>>57821407
Like bitcoin?

So when does my 10% allocation to Junior resource stocks make up 50% of my portfolio? How many weeks is what I'm asking.

>>57831729
More than 1, less than 3. About half a month, I'd say.

>>57831771
So two more weeks Is what you're saying? Should I trust the plan?

Scamwick pump for gold and silver. We crashing back to 2000 and crabbing for another 5 years

>>57832270
Higher for longer

Ok. What did I miss?

>>57832974
Nothing out of the ordinary happening, Lassenbro. Except the gold price maybe.

>>57832974
It's happening and this time it's for real.

>>57833041
>for real
I hope so fren

It's crazy how early we are.
These threads and /biz/ in general used to be much more active just a few years ago.

>>57833453
/biz/ is dead
tbah fampei, its time to have a shabbos goy turn off the light. The corpse is stinking the whole place up

youre all schizo. meds now. many of you need a 2x or 3x just to break even

>>57833453
Most have no idea. Silver miner need 5x to get back to August 2020 level and that was an attempt at breaking 30$.

We're going to make so much money this year bros.

>>57833453
>These threads and /biz/ in general used to be much more active just a few years ago.
These threads become insufferable close to a market top. I usually leave at that time and come back in a year or two.

>>57833645

>>57833645
I need 53% to break even since I started investing right at the top in 2020. That's fucking nothing with what's coming our way.

I'll fully enjoy this transfer of wealth and nobody will be able to stop me. These 3 years were God's test. You don't get out of wageslavery without being challenged.

>>57833728
>>57833453
I got $35000 from a lawsuit a few months ago and put it all in mining stocks including hercules silver.
I made about $10k on hercules so total I have invested in miners right now is about $70k(which includes what I had in the market before I got my lawsuit money)

I think I lucked out with the timing of that lawsuit money.
Am I gonna make it?

>>57833728
WAGMI

>>57833819
>I got $35000 from a lawsuit
Who lost $35000?

>>57833819
I've kind of the same amount yeah. If we dont make it with such a bullmarket, I dont know how we can ever get out of the rat race brother.

>>57833897
>I dont know how we can ever get out of the rat race brother.
Slow and steady wins the race. Compounding is the name of the game.

>>57833892
some retard that rear ended me and fucked up my back

>>57833897
Good luck to both of us bro. I just want to stop wageslaving.
I think we're going to make at least 10x this year.

>>57833934
>I think we're going to make at least 10x this year.
Things usually don't happen the way I want to, but I hope you're right.

>>57833983
>Things usually don't happen the way I want to
Everything is absolute shit for years until it's suddenly not.
These bull runs have happened several times in the past 60 years.

>>57833983
>>57833934
10x in one year would be too good to be true, but I could use a 2-4x this year and higher going forward from there as the bull market develops

>>57834152
depends which companies you hold

>>57834152
>but I could use a 2-4x this year and higher going forward from there as the bull market develops
That is something that's highly likely imo, even though I hope for x10 and more. It's just hopes and dreams for now.
>>57834192
I mean I have some C$10-30M mcap juniors. I doubt they'll x10 too.

Crazy how cheap some emerging market companies are too. I know it's not resource related, but I can't pass on 3-7 P/E growing companies that return north of 10% in dividends per year.

>>57834192
of course, some will outperform. But we all have a basket of companies so it'll average out on the portfolio level
>>57834252
whatever kinds of returns we get I think we can all be comfortable and happy that we are invested in commodities right now

>>57834298
Which emerging market stocks are you looking at may I ask? I think it would be interesting to shift focus there once commodities start looking expensive

>>57834307
>whatever kinds of returns we get I think we can all be comfortable and happy that we are invested in commodities right now
Yup, I guess we'll all have the same problem, that is when do I sell, but it's a good problem to have if you're 100-300% up or more.

>>57834298
>but I can't pass on 3-7 P/E growing companies that return north of 10% in dividends per year.
What countries/sectors/companies?

>>57834333
This is my plan as well.

>>57834333
Indonesia has some cheap stocks like Indofood, United Tractors (resource related), Gudang Garam, Astra Agro Lestari. Most of these companies sit at 5-7 P/Es. Brazil is cheap I own BBD there a bank, Colombia EC & CIB. Poland Orlen is really cheap. China is cheap all around I think it has one more leg down buying Ping An Insurance, Alibaba, Tencent and JD Is a winning strategy there. I'm sure there are more cheap countries out there since the world has been focusing on US only for around 15 years.

>>57834371
>What countries/sectors/companies?
Food, banking, tech, retail and commodities. Poland, Brazil, Colombia, Indonesia & China are the ones I'm following and they're crazy cheap, profitable companies with net cash positions at low P/E multiples and discounts to book value.

>>57834468
>Orlen
Are you that Orlen chad from /smg/? You know the one who keeps posting Max Payne images

By the way European stocks might be a buy in the 2030s depending how badly they fuck themselves

>>57834578
>Are you that Orlen chad from /smg/? You know the one who keeps posting Max Payne images
M-maybe? Orlen raked in PLN27B mostly from their gas business in Q4 and the mcap is PLN72B, a good bet for a 100% gain imo.

>>57834527
>>57834468
thanks bro

>>57834616
>PLN27B
That is for 2023. What I meant is they're printing money from gas even though the Polish government has frozen electricity prices, so they aren't cashing in on their Energy production. Either way it's a cheap stock P/E 2.8 P/B<0.50

>>57834640
You're welcome. When everyone is focused on the US market, the real money is being made buying cheap stocks in developed emerging markets, and commodities ofc.

>>57834740
I'm still going to focus on commodities because it's the only thing I know about. I'll take a closer look at Orlen and try to learn about downstream o&g businesses a bit as I think they're a refiner iirc. US market still has some cheap stocks too namely coal producers but otherwise you're right that you can find great value off the beaten path. I'd love to buy Russian stocks but we know how it is. Chinese stocks tempt me too but I'm afraid of geopolitical tail risks repeating like they did with Russia

>>57834956
I wouldn't touch china stocks with a 10 foot pole seeing how bad their economy is doing.

>>57834956
>I'll take a closer look at Orlen and try to learn about downstream o&g businesses a bit as I think they're a refiner
Kek they've turned into more of a gas storage and distribution company after the acquisition of PGNIG, although their refining business rakes in billions when crack spreads widen. There is plenty of value in the US outside of semis and the mag7. Russian stocks aren't worth the hassle, and hey if you don't want to invest in Chink stocks, Indonesia is an alternative.

>>57835013
>I wouldn't touch china stocks with a 10 foot pole seeing how bad their economy is doing.
Remember western media is Biased against China and the PBOC has expanded their balance sheet by $840B in the last few months, they're dropping interest rates on loans and deposits, and China has been in a bear market for four years, all these attempts to reliquefy the economy will push the markets up no doubt about that in my mind. China is bottoming right now.

Where my NFGchads at?

>>57835013
I think their stimulus is going to be effective. Also don't forget that their GDP growth has fallen to "only" +5.2% year-on-year in 2023. But the geopolitical tail risk spooks me more.
>>57835067
Thank you for the info

Sold 30% of my BIG and added it to OCG / KTN.

That was my last shuffling, now I'm done. Need to find more cash, I've two position I'm eyeing for next month.

>>57835159
I sold some majors in other sectors to bet more on gold and silver. Sold Kazatomprom, Exxon and Glencore, some at a loss. But bought more PM miners. That's how confident I am about this run.

>>57835144
>I think their stimulus is going to be effective. Also don't forget that their GDP growth has fallen to "only" +5.2%
Kek, so much this China is a no brainer right now. PBOC is pouring in liquidity and cutting interest rates which inturn will pour more liqudity through the commercial banking sector. Wouldn't surprise me if we see inflation in China in a year or two.

>>57835122
>>57835144
what about their massive housing bubble?

>>57835195
deflating as a going concern, but it's only one overvalued sector. They'll bend the knee and stimulate.

>>57828904
MASSIVE VOLUME, WAGMI

>>57835195
>what about their massive housing bubble?
I mean It's popped if you're not aware it deflating for quite some time now, but the PBOC will stop that with their monetary policies as I said they increased their balance sheet by $840B in the last few months and the commercial banking sector will turn that in a couple trillion dollars, maybe even more because interest rates are really low. Plus I'm not saying buy property stocks.

>>57835220
if this scam is pumping you KNOW this bullrun is real

>>57835258
Scams pump the most in bull markets, that's the sad part. Unless you own like the next biggest discovery.

Lion one hit some decent intervals of copper although the grade was really low.

>>57835220
Added to PNTR too for my degenerate position. Way better than this garbage.

>>57835495
I've been thinking of buying some GSVR as a degenerate swing pick, or SKE because their assets are fantastic even though the management sucks dick. What have you been eyeing French anon?

>>57835542
>SKE
I was hoping for a flush to C$3, but I got too greedy with that one (NUAG and NCAU too because I didn't like NCAU management, but that doesn't matter in the end a rising tide lifts all boats), good buy though.

>>57835604
SKE is still red today along with GSVR which is why I'm thinking of buying.

>>57835658
oops nvm a bit green

>>57835542
GSVR is a very good add if Silver do breakout, they're valued as a bankrupt producer.

Finished adding to PNTR, OCG and KTN; this raise my allocation to silver at 33%. Wanted 35-40 but oh well. I'm probably done for 1-2 months since out of cash. I'm eyeing another position but need to do DD before talking about it.

>>57835658
>>57835693
Redpill me on GSVR. Also maybe buy half now and if it goes down buy the other half if not well fuck it at least you have some, or just buy now and forget it.

>>57835693
>>57835542
>>57835604
>>57835380
Opinion on Benton Resources?
Really good copper grades and phase 2 results coming soon.

>>57835693
If you don't mind telling me, what's the company? I might know it since I'm pretty active in the sector. I've been buying ELO, WRLG, ARTG, VZLA, SIL, ORE and I actually did get a but of GSVR just now as well
>>57835764
They have some debt and negative working capital right now, they produce like 9Moz AgEq or something a year but at an AISC of $26/oz AgEq or so. Valued at C$50M so huge leverage to precious metals should they run up a lot. Not investable at all, entirely and purely a leveraged speculation on silver and there are lower risk options available but I'm feeling greedy.
>>57835779
I still think Benton is too small so I don't like them. I want scale, small mines have big IRRs but miniscule NPVs

>>57835846
>I still think Benton is too small so I don't like them
The point of the phase 2 drilling is to expand the deposit. It's a large property that needs a lot more drilling to see what's down there.

>>57835882
it's just the type of deposit it is that makes me lose interest. It's in Quebec right? Home to many small high grade copper-gold deposits. All I'm saying is it's no copper porphyry and simply lacks the scale I'm looking for.

>>57835779
>Benton Resources?
Really good intercepts, I could warrant a position, yes I know the mcap is low but the 400% run up discourages me from building a position right now.
>>57835846
>they produce like 9Moz AgEq or something a year but at an AISC of $26/oz AgEq or so. Valued at C$50M so huge leverage to precious metals
I wouldn't buy that right now looks like it has further downside with ASIC that high. Maybe if it goes down 90% or more and I'm bullish on silver in the short to mid term I might buy it.

>>57835918
>It's in Quebec right?
Nope.
Newfoundland.
VMS deposit
https://www.bentonresources.ca/cms/wp-content/uploads/Benton-Presentation-Feb-8-2024.pdf

>>57836010
>yes I know the mcap is low but the 400% run up discourages me from building a position right now.
I believe it has a lot more room for growth.
The reason it's stayed at it's current mcap is because they just twinned previous holes to confirm there is a lot more metals down there. The phase 2 drilling is hopefully going to significantly expand the deposit and bring a lot more value.

>>57835144
I’ve brought this up a few times already but again, the PBOC already injected a bunch of stimulus back in September in hopes of boosting the domestic housing/ commercial situation.. Well, Shanghai Steel futures shot up to multi-year highs, but then then fizzled out in less than a month back in November. Despite all of the stimulus, key Chinese raw material gauges are richer back to where they were, including copper too.

Back in November we also had record amounts of quarterly FDI (foreign direct investment) outflows from China, and the worst manufacturing PMI numbers since 2008. Not looking good, and their languishing performance is a canary for the rest of our globally-synchronized economy..

Xi’s 31-point plan has been an abject failure on all fronts.

>>57836112
>VMS
well then, I'll eat my words. Looks like it could have some scale then.

>>57832974
WRN you bad boy self.

>>57835846
Pretty sure the AISC of $26 is just for El Cubo, the other mines on their properties have like $21-22 AISC’s.

Still, being able to buy this company at 0.155 the other day was absolutely bonkers, I thankfully had some orders in for .16ish to reload on them.

>>57836198
I think the price is right for the risk right now. Silver and gold have to go up or they go under, so the risk is appropriately valued by the market. But if silver and gold do go up enough to get them out of the red...!

>>57836137
Based.
Thanks for the hopium. Benton makes up a large portion of my portfolio and they're presenting at core shack at PDAC in the next 2 days.

SALT starting to mount a comeback too. Great day for the commodities sector, the gold rally really reverberated throughout the space

>>57836112
>I believe it has a lot more room for growth.
No doubt about that It's just a psychological thing for me. I suppose there is going to be a financing soon, or maybe it runs up more before management pulls the trigger.

>>57836267
VMS deposits are nice because they're pretty uniform and tend to get thicker deeper down. As far as I know
>>57836281
Yeah a lot of miners and E&Ps have made upward moves as of late, and of course gold and silver are now taking their well deserved spotlights.

>>57833728
You haven't been selling stuff or dca along the way? Fml but after 3 years i'm not doing that bad. This year caught me out with some ultra lows but otherwise im down on profits. How do people get into this situation, shit happens but you get to stage where you either think i will fuck this off now for something better or im kinda happy to throw more into this. Sound like gods test has been some what waste upon thee. Wish you the best but thats ridiculous

>>57836240
Sometimes I just wonder if royalty companies like Metalla are the best way to go, you lock in silver/gold offtake at a fixed price and a lot of the uncertainty is taken care of. Of course you won’t get junior or near-term producer upside, but you still get to participate a reasonable amount.

Market Huddle welcomed Silvercrest Metals president Chris Ritchie to talk about the metals space, how his company is reducing balance sheet risk by actually holding their own metals and the advantages of royalties vs. Miners:

https://podcasts.apple.com/ca/podcast/the-market-huddle/id1444520320?i=1000646699102

Great listen for anyone interested in the inner workings of mining sector finance and balance sheet management (which should be all of us lol).

>>57836289
>I suppose there is going to be a financing soon
They're cashed up for at least the next year. Plus they have stake in a few other companies they can sell for financing.
>or maybe it runs up more before management pulls the trigger.
They have some of the best management in the industry. Steve Stares comes from a family of miners and is passionate about mining.

>>57836429
Yeah, If that's the case Benton is going higher.

>>57836407
>royalties
The problem with them is that they're so low risk that the market is giving them very high valuations, but I think they're probably the go-to choice in a bear market
>Silvercrest
I actually did take notice of their balance sheet management before investing, I like that they're keeping a net cash position and actual previous metals inventories. I think I'll listen to that podcast thank you

NEM is nice and green for me. Where is the other cmmg-anon who bought right when I did recently? We were within a day or something.

Steel @ 784, scrap @ 420. I think we're entering a bottom here, maybe take 2 months to reverse unless we get some capacity offline.

>>57836469
NEM is such a shit company, I hold some for a turnaround story, but otherwise AEM all the way.

>>57835220
shitcoin
zero

>>57836565
I feel like all the gold mining companies are shit companies lol. They are fun though. What do you like about AEM?

>>57836606
>I feel like all the gold mining companies are shit companies lol.
Yeah can't disagree with that. I like that AEM actually makes some money.

>>57836407
I don’t keep track of Metalla since I’m not into royalties, but they’re at all time lows incase anyone is interested:

>>57836606
AEM is actually profitable and provides good return on equity, while also paying respectable shareholder returns and growing organically. Literally the shining star of this sector. Kinross is another good one but they're experts at making awful m&a deals (see Great Bear). B2Gold also makes money but they have fucked up the Back River development on the capex side and they're in Mali which scares pussies. For the real gigachads there's Endeavour Mining who are all-in West Africa and who make lots of money and return lots of capital to shareholders. I've also been starting to look at Dundee Precious Metals and my initial impressions are that they're one of the best majors out there

ok what the hells happening? been busy all day.

>>57836789
The Big One™

It's absolutely incredible you people are sitting here investing in gold/silver/mineral mining stocks instead of buying the real thing.

You're going to make nothing as those mines will be nationalised and you get told to fuck off when shtf.
At the same time, I'm going to make a 50x in 2 years and I'll put all my real money into land, property and real assets unlike your fake digits on screen.

Explain your reasoning, fools.
Come join /pmg/ if you want to retire young.

>>57815285
If anyone here is investing in precious metals, let me announce that you're officially retarded. Why buy something that's hard to transfer value (unlike crypto), nearly impossible to pay with (unlike regular cash and crypto) and you don't even get dividends from it like stocks. Might as well invest in Evelyn's magic voodoo crystals. You guys are the biggest dumbasses on this board and you will NEVER make it.

>but what if the world ends!?!?! I'll be rich!!1!!!11!!!
Just stop. You will not be rich, you'll be dead.

>>57836800
is it time?
are we finally happening?

>>57836832
>is it time?
>are we finally happening?
Yes. Trust the plan.

>>57836826
>>57836817
>posts like this still coming while we're literally gearing up for the biggest bullrun in the history of history
yep I'm thinking we're all gonna make it

>>57836817
Collapse in two more weeks.

>>57836817
We split off from you as to not shit up your threads with the horse and other miners.. and now this?

You can be assured virtually everyone in Cmmg owns physical, it’s just we want the optionality of being able to move out of the asset at a moments notice, and also use the equities as a multiplier of the gains brought on by higher spot prices. Speaking of which, how the hell are you making 50x in two years without miners? That would assume a $1200 usd spot, in which case miners would do at least a 1000x in such a improbable scenario.

>>57836908
/pmg/ got the reverse, stay on target gentlemen!

>>57836817
>those mines will be nationalised and you get told to fuck off when shtf
Governments have also taken possession of private bullion during wartime.

>>57836908
About 20% of my portfolio value is physical gold, if I'm not accounting for the value of my home equity

>>57836659
AEM
>Actually Earns Money

>>57837021
Also to play double's advocate (check 'em), real estate prices are largely determined by the neighbourhood value too. If there was a chain of foreclosures because of rising costs (food, interest, gas, student and credit card debt) and people being irresponsible, it would absolutely tank the local RE market. It all depends
But that's why you diversify: you want stocks, you want bonds, you want metals, you want physical metals, spread your wealth across different currencies, platforms, and jurisdictions

>>57836908
>we want the optionality of being able to move out of the asset at a moments notice,

Good luck with that, the crypto fucks are having the doors closed on them now with exchanges demanding a blood sacrifice to be able to do anything with their own crypto, The likes of Mexico and Chile and other big Gold/Silver mining districts for the last few years have been preparing new laws to full take over their own minerals and will tell the likes of Newmont to get lost after the banking system shits the bed and they are no longer under 3 letter agency threat.

All this shit has been planned and engineered the last 100 years and theres a reason why they call it "The Great Wealth Transfer" and "You'll Own Nothing and be Happy"

If you dont hold it you literally dont own it lads.

>>57837063
Absolutely. Diversification is key

>>57837050
Chuckled.

>>57836659
That's a very solid reason!

>>57836764
I'll take a deep dive into AEM, thanks. Maybe a good time to buy some if gold has broken out.

>>57837050
kek

>>57837095
>If you dont hold it you literally dont own it lads.
Implying they can't steal what you "hold".

>>57837095
just don't invest in shitty districts, retard

>>57837353
except if you have balls of tungsten and an iron chin like me

>>57836908
Everyone knows miners will make far more gains than holding physical ever will.
I also hold some physical btw.

>>57836826
Crypto is a scam and ai powered by quantum computing will take down the block chains. Not a matter of if just when. All you'll have to show for it is a reserved slot in a glorified database.

>>57833728
2020 Bros will make it

>>57837456
we've taken the plunge to Hell, now it's time for us to ascend to Heaven

When does Graeme start drilling?

>>57837843
he's constantly drilling his shareholders' anuses

>>57837855

>>57828904
>>57837855
>>57837923
OMG
>GREATEST NEWS RELEASE EVER

>>57837981
note that massive property area they can utilize for those huge copper porphyry discoveries right next to the river. kek

>>57837843
Imagine up voting those deluded faggots.

>>57838353
kek
>BHS could easily see 1,000%+ gains over the short term.

>>57838502
could if the bull runs hard. but that doesn't make the company any less of a scam of course

could be a good idea to short the worst shitcos once it looks like a top is in in the coming years

>>57836817
>Fuck off and simp for jenny moonstone some more Bix

You act like I cant do more than one thing? Ive got that nigger reggies coins and a treasure chest of silver

i am not sure if theres much interest in this, but Osisko Development finally secured more funding to begin development work at the Cariboo gold project.
https://www.mining.com/osisko-development-secures-50-million-for-cariboo-underground-gold-project/

>>57841024
i forgot to note as well that this loan from the Bank of Canada comes due in a year, so its not a lot of time to gain more financing. I am concerned that Osisko has yet again bitten off more then they can chew with the budget they have at hand.

So I'm thinking the gold action today was largely because of the feeling that China is going to provide stimulus in order to counteract its failing economy.

If China passes stimulus, what do you all think that will do to the dollar and euro strength?

I can't keep up itt. Is it over or are we back?

>>57843442
hopefully we will see in the morning, its after hours.

Don't forget, if you're (((Canadian))) there might be certain tax advantages for mining investments

>>57815285
SALTchads, how are we holding up? I check back in here every few months to see how my boy's doing and it's never good at this point.

>>57844589
I cant recall right now but was there anything actually wrong with their business plan or did they just get pump and dumped? They have a great deposit, right next to a port. Development costs wouldnt be to crazy for the deposit type either. What nuked them?

>>57844643
They were supposed to be sold off for like 30x their current value per share (at this pitiful point), it got called off, anons said it doesn't matter because someone else will pick them up soon + 2 more weeks because Atlas is just THAT good... You know the drill.

>>57844688
typical, thats a shame because again from the ground, its a great property and project. Wasnt the current price of salt another factor as well, too much cheap salt already being mined so this ones not getting off the ground?

>>57844688
It looks pretty innocuous on a log chart. Though I suppose it'll keep dwindling in value over time

>>57844754
If someone else does pick them up then there's no telling how high it'll bounce... But I have a feeling SALTchads are going to become the linkies of /cmmg/. Or, well, just me.

>>57844589
bump

>>57844589

One day it'll move, but this could easily be a 5 year time frame thing instead of anything under 2.
They're in the middle of getting the environmental assessment through at the moment, but I bet it doesn't really mean anything aside from a momentary little bump.
Realistically the only thing that's going to move the price is any talks about funding the construction and who knows how long that'll take.
I expect this to either go sideways at best or slowly trickle down until something real materializes.
I'll sit on the sidelines and ride the other commodity plays and get back into this once it starts looking like they're moving towards finding funding.
It's a fundamentally great project, too bad the original sale didn't materialize. I blame the management bungling things up, and the FS was done only around when interest rates were shooting up and no one is going to buy shit during that.

>>57844589
>>57836281
>SALT
https://www.youtube.com/watch?v=tQI7ZXQdUjg

quick core porn bump.

IT'S HAPPENING AGAIN!!!

What the actual fuck?
It broke out now it's dumping lower than the local high.

>>57847401
>

>>57847401
Trust the plan, two more weeks.

>>57847455
normally if it breaks the local top, it moves to the next leg up

>>57847464
trend is up man don't worry about all thr little squiggles. there are bumps along the road

>>57847464
Idk It's still up on the day. Do you have ADHD or something and want it to go straight to $2500 in a day and be over with?

>>57847496
no worries, its going back up

>>57847516
yes

>>57847559
>yes

>>57844589
Should have listened to the Dane, God rest his soul.

>>57847746
I miss that guy.

>>57848094
Same. I do hope he didn't actually kms himself back when Sarama shit the bed and Oil pumped, or get culturally enriched by fellow peaceful Danish citizens. If he did though I think it's pretty clear that his vengeful ghost is haunting the shareprice of SALT.

>>57847746
>>57848469
will monkey posting summon him?

>>57848593
It can't hurt to try

$2122

>>57849174
Nippon when?

>>57849197
14 days

$2127

>>57849491
1,3,2.

>>57837843
Will Graeme deliver another +36% day?

>>57849522
checked

>>57849590
>camera
God I wish that were me.

>>57849602
$2140!

>>57849763
>$2140!
Already? It's happening! WAGMI! Moving to Japan in two more weeks.

>>57849763
https://twitter.com/tradingchannels/status/1765009134586319342

Fuck, we hit $2141 and (((they))) broke out the big artillery

>>57849813
Guys... What is happening? We are can't make money general, we shouldn't be winning. Did the elite get in the precious metals game and are going to let it rocket?

>>57850056
>elite

>>57850041
>(((they)))

>>57850274
Gary says

>FDR at 1.82, new ATH
Daily reminder I shilled this shit at .50 then .90s

Sometimes you juts have to listen

>its a GV pick
I dont give a shit about this triple vaxed socialist

>It's dumping again.
It's all so tiresome...

We are so fucking back.

>>57851020
It's over

Iron ore maybe bouncing off a support. DXY is falling today, that should help.

>>57850854
>>57851020
kek

>>57850703
Nice French anon. My ARTG also hit ATHs today, I have been talking about them since it was below $5 and now it's above $8. I think we're going to be seeing lots of new highs going forward.

In another news it seems natgas has indeed bottomed and natty equities have been outperforming as of late while nobody seems to care

YUGE VOLUME EARLY, BUFFETT GETTING POSITIONED?

Looks like despite a few well performing stocks this is overall a mixed day, with some pullbacks happening. I wouldn't be surprised to see the pullback continue tomorrow and maybe consolidation on Friday

>>57851898
I've been watching nat gas closely. It's on my daily spreadsheet. We still have too much supply in America, but, eventually producers slow their roll and prices seem to bounce fast

>>57852574
Yes it's an overusupplied market but it swings hard whenever there is any grid-related issue, and seasonally it's favorable going out of Winter season

>>57851852
WAGMI.

>>57852509
Good day for me.

>>57852691
What's up 22% and 10% today?

>>57844589
more green

>>57852691
>>57852780
And 14%

>Dude, gold and silver are manipulated by bankers. They are suppressing the price!
>Exclusively invests in gold and silver
Can't Make Money General, I...

>>57853052
hey buddy I think you got the wrong thread, the rock collector thread is two pages down

I have 100+ shares of Lukoil I bought the morning after Russia's invasion of Ukraine. When will the treasury department let Americans trade Russian stocks again?

I bought these as a huge gamble, knowing full well that they would be subject to sanctions and even confiscation by the Russian gov.

>>57853583
>hen will the treasury department let Americans trade Russian stocks again?
2 weeks.

>>57852794
are we back?

>>57853583
They'll become tradeable for Westerners a few years after Nuclear World War 3 has ended sometime after 2030

>>57853583
Hello fellow crisis investor.

Its a gamble anon and if ww3 happens your lukgoy shares will be fucked with my 164 lukgoys

>>57852648
how are you investing in it? I forget what fund I bought last time but I got a K-1 and that's too annoying tax season...

move

>>57854977

>>57849174
>>57849239
>this will never be me
why live