/biz/ - Business & Finance

This lump of Alaska anthracite coal, mined about a century ago, was once displayed in an Alaska museum and has since been in the collection of a geologist. I am buying it from him to add to my coal specimen collection (and I give lots of cool coats as gifts to co-workers and family and such)
This anthracite is so clean it leaves no residue when you touch it. High quality Alaskan coal -- and Alaska has abundant coal resources.

COAL

>>58116476
I want to take a bite from that chunk of coal. Is coal good for you?

>>58116599
about as good as pencil heads and rocks

>>58116599
Unfortunately, coal has little nutritional value. :(

Benton Resources pullback.

What do you guys think??

>>58116583
:)
I love good old coal. Still the best fuel around for fast, ongoing economic growth!

What lead anons to interest in these threads? Making shekels investing ? geology ? working in the mining industry? All of the above?

>>58116675
For me, it's the rectum pictures

>>58116640
You want me to set more bids for your bags?

>>58116675

>>58116731
oh no stop ! haha

>>58116727
I'm at my buy in price right now friend.

>>58116675
All of the above for me, but particularly geology and working in the mining industry.

>>58116675
I was here since the /pmg/ days so I suppose precious metals and by extension mining companies

Has anyone here taken Rick Rule up on his offer to rank the stocks in your portfolio?

>Copper X fund
>Get the fund facts risk statement in the mail
>Risks of investing in Canada, Mexico, Chile, Australia, Poland
>"Depends on the price of natural resources and trading partners"
>China
>Pic related
Makes me nervous the fund managers are named Nam To, Wayne Xie, Vanessa Yang, and Sandy Lu.

Concerning the control/manipulation conversation, here's the meat and potatoes. >>58114429

Terminology and contextual definitions are something to consider, but pilpulling often splits hairs and uses language as a force of confusion and distraction. There are much larger and powerful entities at play that have a reach that goes beyond mere spoofing. Ignorance is bliss.

>>58117042
Done it like twice myself. Not in a while though

>>58117079
>There are much larger and powerful entities at play that have a reach that goes beyond mere spoofing.
>source: my ass

>>58117103
Being that you did it twice, I take it you think it's worth while.

>>58117120
>being this bluepilled
NGMI

>>58117079
That fucking retard thinks the government used to set the price of gold instead of setting the price of money to gold. He wants to have two separate definitions in control/manipulation so he can adjust his arguments with this ever moving goalpost. If the government can set the price of gold then why didn't they set the price of everything? Because it never worked that way, he's just too stupid to understand how any of this works. It's laughable

>>58117042
>The number of companies in your portfolio should be equivalent to the number of hours per month that you spend studying the stocks in your portfolio. One hour per stock per month.
I don't know if I want him tearing me a new asshole because I'm just a lowly speculator at this stage. I do enjoy his free Rule Classroom video series. He's smug, but boy does he know how to make money.

This insanity has to stop
>Now, researchers are promoting a new legal theory that says fossil fuel companies – which, data show, are the leading contributors to planet-heating pollution – could be tried for homicide for climate-related deaths.

https://dailystormer.in/fossil-fuel-companies-could-be-tried-for-homicide-over-climate-related-deaths/

https://www.theguardian.com/us-news/2024/mar/21/fossil-fuel-companies-homicide-climate-deaths-lawsuit

How about all the lives fossil fuels enabled, saved, and improved? That vastly outweighs any harm that hydrocarbons have done.

>>58117646
>ecocide
It's an agenda outside of morality and rationality. How can we profit from this?
https://www.youtube.com/watch?v=qDmaYQh7r6Y

>>58116476
nice thread coalanon!

>>58116675
Precious metals and then this thread broke off of that. I'm super interested in fundamental building blocks of the world. ...you all are the only ones that will tolerate me talking about scrap metal prices and if China's steel mill utilization rates are dropping, and I like learning about mining, coal, energy, etc.. I feel like there are a lot of charlatans in the mining world (especially gold and silver), a lot of bad companies, but there are also some good ones and a lot to learn about.

>>58117646
Without fossil fuels a lot of the world would starve, somewhere around a conservative 40% globally. We use them to create the energy to make ammonia via the Haber-Bosche method, which is the cornerstone of fertilizer. Half the Nitrogen molecules in our bodies are man made, the majority via fossil fuels. I'm sympathetic to wanting to keep our planet as clean as possible, and certainly want to move to a future where we brush our footsteps away behind us, but I'm personally not prepared to kill half the population of the world in the process of doing it. The green people are so unrealistic about the path to a future that takes better care of our world that they work against realistic programs to move toward that path. The fact is if we want to electrify the world, it's going to take a fuckload of coal, fossil fuels, steel, copper, concrete and time. And they are just going to have to deal with that or let a bunch of people starve.

>>58117684
Some 80+% of the coal burned each year is burned outside of Western nations.
I bet these eco-loons won't be suing to shut down the Chinese, Indian, and Indonesian coal industries.
Those countries will tell them to pound sand.
The eco-freaks want to end the West. It's tied up with their generally resentful leftist politics.

>>58117646
>>58117710

>>58117646
>>58117710
>>58117744

>>58117646
>>58117710
>>58117744
>>58117749
There are for sure things we can do to lower our usage of fossil fuels, but all are a gradual change of a big ship and a complex problem. The only people that have potential to be murders are the people who decide "you can't make food for a great portion of the world because it's not 'green'"

..and notice what we called the Green Revolution in the 60s meant feeding a large quantity of people, very different than the "green" people's goals today.

Sorry I don't mean to rant

>>58117749
Billions of people are alive today because of hydrocarbon energy. And billions are living better lives because of it.
Yet these "legal theorists" and "legal scholars" want to argue that hydrocarbon energy needs to be taxed out of existence -- in the West, only -- because of the theory that "global warming" is killing people.

>>58117792
You're making great points. I don't consider what you wrote a rant, but even if it were, it would be a good rant that conveys important information. Sometimes people need to vent.

>>58117042
he gave me an F for owning bayhorse :(

>green shit
We're here to make money. Discussing energy policy and the next macro steps are very relevant

>>58117710
>nice thread coalanon!
You are welcome, sir!
Have a lump of beautiful coal!

>>58117744
Which book is this? Also return to poo and pee as fertilizer.

>>58118187
not enough poo

>>58118230
Wdym? There's plenty of poo out there, plus we can produce more.

>>58118363
>plus we can produce more.
we need to eat more Chipotle

how are things everyone?
Movie night on my end.
Hope everyones comfy!

>>58116675
Growing up Mormon and understanding that this world is fake and gay and things like energy and food matter and are axtual precious and scarce resources. Having a general dislike and distrust of society at large and realizing most people are stupid.


No longer a Mormon.

>>58116675
I am also an educated geologist from a tier one research university. Now I am a mushroom farmer who makes money in the stock market with money I got from suing insurance companies and filing insurance claims.

>>58118588
Am very comfy. Might have recruited a great continuous miner operator for Peabody. It's not my company, but we work closely together. This miner is stoked at the opportunity. We'll get him $40+ per hour.

>>58118678
>I am also an educated geologist from a tier one research university. Now I am a mushroom farmer who makes money in the stock market with money I got from suing insurance companies and filing insurance claims.
Very good deal
I abhor the FIRE economy and wish we had more of a resource and manufacturing based economy.

>>58118715
This CM operator is from Sunrise Coal in Oaktown, Indiana. He said that the company backed off the second round of layoffs but it's basically a sinking ship. Miners are leaving left and right for greener pastures and morale is in the toilet.
So don't buy Hallador Energy, if this info is any indication of what's happening there.

The eco-loons are going after natural gas now too.
https://newrepublic.com/article/176605/natural-gas-way-worse-coal

Just bought one of these bad boys to replace my old cap lamp. These are among the best on the market.

https://www.carrolltechnologiesgroup.com/products-shop/nla0m3-northern-light-polaris-cordless-cap-lamp-w-n-r5120-01-single-unit-charger-bundle/

>>58119562
There are a bunch of subsidized (((hydrogen))) start ups that lost up to 95% of their value where the scumstreet scammers are invested in and where the vesting period is coming to an end.

They don't want to be forced to take losses, so the usual strategy of retarded expensive marketing is done with (((articles)))) and (((papers))), nobody pays attention to, cares for or worse takes as a signal to do the exact opposite of what is advertised for.

>>58120037
So is hydrogen a scam?
And are big investors/speculators attacking natural gas in order to hype up hydrogen?

>>58117646
Fossil fuel companies should be given the presidential medal of freedom for being a huge part in the technological emancipation of slavery in the mid-19th century. But of course that’s never mentioned since it doesn’t fit the eco-dogma meta narrative

>>58120087
Hydrogen is a bitch to carry and contain. On a molecular level, the structures are relatively tiny and as a result they tend to try and escape wherever it is that they are being held. So you have to innovate just to overcome that storage hurdle, since you can’t rely on a fuel source that seemingly vanishes out of thin air before you even start your motor.

>>58120087
Funnily enough the most efficient and economic way to make hydrogen is by using natgas as feedstock, but that's bad according to the climate crazies

>>58120113
I completely agree. Coal, oil, and gas deserve the Medal of Freedom. One can dream, eh?

>>58120131
So the tech for making hydrogen useful is still a ways off, it sounds like.
>>58120201
LOL
So how do they expect to get the hydrogen without natural gas?

>>58120229
hydrogen can also be created from electrolyzing water with muh green energy, but it's of course more expensive than methane pyrolysis

>>58120087
hydrogen is an element.
The scam is the socialization of capital risk through public subsidies and propaganda to secure capital profit for a bunch of scammers now. Just the usual socialist "progressive" scam at the cost somebody else in the future

>>58120131
Can't you just produce it on site from ammonia? Currently this idea is explored in naval transport
https://spectra.mhi.com/how-ammonia-will-fuel-the-ships-of-asia

>>58118187
Sorry, I fell asleep. "How the World Really Works" by Vaclav Smil, highly recommended /cmmg/ reading. Great book, covers all kinds of things people would be interested in here.

>The US urged Ukraine to halt attacks on Russia’s energy infrastructure, warning that drone strikes risk driving up global oil prices and provoking retaliation, the Financial Times reports.
Wasn't there something similar during WW2, where rich industrialist factories weren't bombed and were allowed to operate even though they were producing war supplies?

>>58120734
>AAIIEEE THINK OF OUR ELECTIONS PLEASE

>>58118784
Market in the process of pricing it in

Well this attack on a concert in Russia again points out the importance of carrying a firearm, imagine if 20% of the people there had a firearm those imbeciles wouldn't stand a chance, at most they kill two dozen people. The more people carry a firearm the less damage imbeciles like that can do. Unfortunately the left will use this incident like most others to tighten gun regulation. A bit off topic, but the tread is dying anyway.

>>58123290
False flag murders happen all over the planet by all governments all the time. We hear about the ones they want us to hear about. Hope this helps

>>58124133
I mean sure, but I wasn't arguing that I was arguing the importance of the common man owning and carrying a firearm.

it's fascinating to me how shit Lion One is. Probably the only gold stock that has not only not gone up in the last month, but actually kept going down. It's at a share price not seen since March 2016. Let this be lesson for you commodity bros, to stay away from perpetual losers because they will keep losing.

>>58124605
I should continue on to mention that Lion One is one of Bob Moriarty's pump darlings. His other great recommendations include: Novo Resources, Irving Resources, Bayhorse, Eloro Resources, Poo Lagoon, among others many of which have also underperformed consistently.

>>58124186
No doubt. I lost my gun rights this year so I'm probably going to move to a state that doesn't recognize federal gun regulations

>>58124605
This is the second time they diluted for something like a 50% discount to the 30 day trading range. Either the management team is being really greasy and fleecing shareholders to the benefit of friends+family or they are having much bigger issues with their mine than they've let on so far. Either way not one I'd want to be holding. If they ever resolve those issues you may miss an initial bump by waiting out but then you can buy into a profitable mine on the cheap with far less risk, as long as gold holds up. I see it similar enough to the oil shitcos of 2020 like Athabasca that have now seen steady enough gains for years.

>>58124605
That was due to dilution, but I think It's near a bottom, hard to imagine that deposit being uneconomic at these prices.

>>58124783
>>58124825
They could be near to a turnaround yeah but they have a really poor history with dilutstive capital raises. They have also really not found that big motherlode they've been looking for a long time

is Marcus on cmmg?

https://www.youtube.com/watch?v=1wtY9N-_X9A

>>58125026
Yeah it's a turnaround story, and although they haven't really drilled to find out if there's a "feeder zone" at depth, zone 500 has plenty of high grade material to work with. Lion one is a decent speculation at the present time imo.

metal is so cool, bros.

As to the previous discussion about how eastern mines, at least in coal, pay "better" in the sense that even though they pay roughly the same as western mines, the money goes further in places like West Virginia, I've found out that there are some very affordable towns on the Western Slope of Colorado as well as in Utah and Wyoming, town which aren't that far from the mines.
It's mainly the mines within commuting distance of the larger metro areas like Denver and SLC, such as some Freeport-McMoRan mines, that just don't pay enough given their location, especially if the miners there are subject to periodic layoffs.
Western Colorado is amazingly gorgeous, as is the whole Rocky Mountain region from New Mexico to Montana, and it's great that there are still affordable towns out here. I hope it stays this way and the larger towns near some of the mines don't shoot up in price in the coming years.

Shats a copper mine to hold longterm?

Pic related is interesting. I'm very bullish on OXY because of it's combination of carbon capture + oil output. Kinda makes the greenies happy while also producing.

>>58125962
>Shats
>Copper mine
You answered your own question

>>58116476
i never got coal. could i just light that with a lighter or something? does it burn with a flame or just smolder?

>>58126646
>could i just light that with a lighter
No, you need kindling and good air flow underneath.
>does it burn with a flame or just smolder
Yes, once it catches it burns with a flame, though not huge flame.
t. lit the coal fire every morning from about ages 7 to 18. It heated our water, too, through a coil in the chimney.

>>58126826
This is correct.
Also, large concentrations of coal dust can be explosive.
https://www.youtube.com/watch?v=Vkqj8aLQ8EM&ab_channel=USMRA1

Coal mine explosions of the past (though they could still happen is safety measures like watering the ribs are too lax) were like firing two shots.
First, the methane pocket would explode, then this explosion would lift and ignite all the built up coal dust on the floor of the mine.
There were many incidents in the 1800s and early 1900s of coal mines exploding and killing hundreds of miners inside.

>>58126890
By the way, that coal dust which builds up on the floor of the mine, especially around the base of the pillars or ribs, is called bug dust.

How is Africa going to fair as critical minerals and rare earth metals become in greater demand? Whenever a substance of value is found in Africa, the locals die, in great number and in misery. This was true of ivory, rubber, gold, oil, and diamonds.

>>58126826
do you use your phone in your truck or a laptop?

>>58127114
>Whenever a substance of value is found in Africa, the locals die, in great number and in misery. This was true of ivory, rubber, gold, oil, and diamonds.
Blood Diamond is a good movie.
I lived in Africa as a researcher before getting into mining. Blood Diamond is the most realistic portrayal of African city and town life that I have ever seen in film.

>>58127114
What African countries need, in order not to get slaughtered for their mineral wealth, is development, i.e. functioning governments and growing economies. With a functioning government, businesses can make deals with them instead of with some warlord who enslaves people to work in the mines and who takes most of the wealth those mines produce.
Functional government is what Africa needs most. That's the foundation. Then economic development can occur.

>>58127114
Also, Western and Chinese companies get "cheap" labor in Africa, but the cost of living is also far lower there. I've known people who worked at aluminum plants in Africa and were living quite affluent lives by African standards. They could afford a car, a house, land, and a family.
Foreign companies setting up mines and factories in poor countries is often an improvement, as long as those companies pay decently according to the local standard of living, and as long as they don't trash the environment all to hell.
But look at China, South Korea etc. They've industrialized, going from low income to medium income countries that no longer have starvation, and they did so by becoming exporters of raw materials and manufactured goods. African countries, if they can become stable, governmentally, can do the same.

>>58127131
watching it right now in the druk /tv/ thread

>>58127155
is that even possible over there? almost seems like they need some colonialism again to put in a government that semi-functions rather than warlord of the decade

>>58127188
i think the problem with the foreign companies setting up shot is it inevitably gets to a point where the government says they want to nationalize the mines. the difference with china and south korea is the intelligence

>>58127224
>is that even possible over there? almost seems like they need some colonialism again to put in a government that semi-functions rather than warlord of the decade
Totally agree. Colonialism ended too soon. It was getting a lot more humane by the mid 20th century than it was, say, in the 1800s. Africa would have benefitted by the European empires lasting much longer.

>i think the problem with the foreign companies setting up shot is it inevitably gets to a point where the government says they want to nationalize the mines. the difference with china and south korea is the intelligence
Yep, the threat of nationalization is a huge barrier to development. Honest, stable government is needed in Africa, and that won't happen for quite a while if ever.

>>58127295
Just as a note, by "honest government," I mean that relatively. No government is all that honest, but some have a stronger notion of private property than others.
Africans barely have a conception of private property, except maybe in the old Sultanates of the Swahili Coast and in Ethiopia, as these are old civilizations.

>>58127114
>do you use your phone in your truck or a laptop?
I'm phone fagging from the back of my 25 year old SUV home.

>>58127509
where do you poo?

>>58127523
At work.

>>58116635
google german coal butter, it can be hydrogenated and eaten. Its how germs got half their caloiries in 1945

>>58126826
how long would that lump of coal in ops pic burn for?

my gramps was a coal miner for like 30 years i should probably know this lol

>>58127596
It would probably extinguish. You'd have to break it up.

>>58127114
>Whenever a substance of value is found in Africa, the locals die, in great number and in misery.
I think resource extraction has become more humane these days and the locals can actually benefit a lot from responsible mining.

>>58127577
I learn something new everyday! Thanks, anon.
I know the Germans are considered the second best fed population out of WW2 combatant countries after the Americans. Yes, the NatSocs really did try to do right by their Volk.

>>58127826
although I do note South African mines specifically as rather unsafe. Usually companies talk about LTIFR, but when I looked at Sibanye-Stillwater's presentation they showing a chart for long term FATALITY frequency rate. South Africa has the world's deepest gold and PGM mines but that alone surely doesn't explain the hazardous working conditions there.

https://www.mining.com/web/coal-the-dirtiest-fossil-fuel-is-preparing-for-a-long-goodbye/
Coal's not done yet.

>>58127885
I know a miner who was solicited by a Chinese coal company to advise them on better safety procedures. Australian, Canadian, and American miners with a lot of experience should be hired in those countries to improve their processes and make their mines safer. There's in fact a whole field of engineering nowadays focused on safety in industrial processes. An mining engineer with safety engineering training could clean up.

>>58127958
Good deal!
The article still touts renewables, but it's good to see the narrative shifting and people acknowledging that coal will remain with us for generations to come.
Eventually, I think, the green narrative will collapse and people will acknowledge that coal may well be the main fuel for centuries to come. The trick is just making it cleaner and cleaner, which some new Asian coal-fired plants excel at.
I just sent that article to a manager at my company as part of my continued effort to get my company (deeper) into Asia (we have one facility serving one Chinese coal mine, currently). I want to see us go big in advising Asian coal mining companies and their mine managers. The market potential is huge.

Coal's intrinsic qualities make it the natural choice for both developing and developed economies. It is abundant, quite inexpensive, price-stable, easy to store, easy to ship, and easy to use. No other fuel has this constellation of positive qualities going for it.

>>58128107
It takes time for narratives and trends to change. I think we'll be seeing a lot more reversion to mean in sanity, but the climate talk will probably remain except it will be more muted and measured. Realities are kicking in in a post-ZIRP/NIRP world with increasing tensions and uncertainties. Material needs will prevail over ideology.
>Coal's intrinsic qualities make it the natural choice for both developing and developed economies. It is abundant, quite inexpensive, price-stable, easy to store, easy to ship, and easy to use. No other fuel has this constellation of positive qualities going for it.
Absolutely! Western climate-obsessed people on their high horses will come to learn that developing economies fancy longer lifespans and better amenities to worrying about potentially increasing global temperatures by a Celsius or half.

>>58128202
>Material needs will prevail over ideology.
Ideology is a luxury of sorts. Material needs trump ideology in tough times, and this brings people back down to reality.

>Absolutely! Western climate-obsessed people on their high horses will come to learn that developing economies fancy longer lifespans and better amenities to worrying about potentially increasing global temperatures by a Celsius or half.
Totally agree. And even our "developed" economic (which are un-developing ever since financialization) benefit from old fashion fuels like coal and petroleum, which were adopted in the first place for their abundance and ease of use.

>>58127114
The street scenes in Blood Diamond are on point. For example, Danny walks out of his apartment onto the side of the bustling road and immediately a group of prostitutes come up to him and say "Big white man, all alone. I'm safe -- no HIV."
That's exactly my experience when I was in parts of Africa, even though I was mostly in East Africa and Blood Diamond takes place in Sierra Leonne.

>>58127114
that depends on which nations end up taking proper control over the continents resources. We have been seeing China take over wide regions though economic assistance packages, but that plans flawed for a number of reasons. Much of central africa is becoming destabilized, a lot of coups have happened in recent months.

>>58127295
look at Niger and a couple of other nations calling off previous deals with companies after the recent military coups. The locals want "nationalization" but what that really means is the new big wig wants a better deal with a russian or chinese company, not a western one.

>>58128809
Some West Africans have a lot of ill feeling toward the French and British and would prefer to deal with China or Russia. I'm not too partisan in this situation. I'd just prefer those nations to develop steadily and buy US coal.

Once in Ethiopia, I got cursed out by an old man who remembered the Italian invasion and didn't like White people. I don't even look Italian, being blond and blue eyed, but I have fair skin and that was enough.

>>58128884
Mali especially has a hate on right now for the french, it makes complete sense that their new government would want to move away from the west towards russia, but that might come back to bite them in the ass sooner than they think.

Ethiopia is going to become the eastern african economic juggernaut in the not to distant future, and their already headed for military super power in africa. It will be interesting to see how they handle becoming part of the wider world markets, they have access to a lot of critical minerals and energy from the Nile.

>>58128884
This ill feeling has a few sources: colonialism, continued meddling in African politics, and current teaching of post-colonial victimization theory.
I don't think colonialism is evil. I think it's a natural process that occurs when contact between a much more advanced society and a much less advanced society occurs. The former colonizes the latter in some form because humans aren't all that altruistic, particularly toward foreigners. (What we're seeing today with multiculturalism is almost unprecedented in history.)
So I think of colonization as a sociological mechanism by which the achievements of a higher civilization are diffused to a more primitive culture.
Some West Africans I've met were also very pro-European and were proud to know French and English and listen to their classical music and read their classical literature.
So the legacy of colonialism is mixed, in terms of how Africans feel about it; many blame their own leaders as much as they blame colonists as century ago.
Recent Western meddling in African politics is disliked and pushes Africa closer to Russia and China. We'd do better to be like China and just focus on trade without trying to dominate or push strange agendas like LGBT.
And the teaching of neocolonial victimization theory is, I think, trash, precisely because I think colonialism is inevitable when a much more advanced society meets a much less advanced one.
If, in some counterfactual universe, Africans had developed an Industrial Civilization while Europeans were still living in huts, then the Africans would have colonized Europe. It's a natural sociological process.

>>58128918
Ethiopia was my specialty; I was a philologist and anthropologist by academic training, and Ethiopia has had writing since ancient times. I even won a very prestigious research scholarship to go there and work on a self-designed research project. I won't say which academic award this was, because it's rare and could dox me, but it was high up the academic food chain.

Meles Zenawi, a strongman from the northern Tigray province of Ethiopia, kept Ethiopia stable, under minority Tigrayan rule, for two decades, while Ethiopia prospered enormously and built many factories and modern skyscrapers (not super tall ones, though).
Since Meles died a decade ago, Ethiopia has tried its hand at more multicultural rule, which has led to a lot of infighting. Unfair as it was, the authoritarian regime of Meles Zenawi did a lot of good for Ethiopia, rather like the authoritarian CCP has done for China since Den Xiaoping.
If Ethiopia can remain politically stable, they will be a big player in the global economy. They have a wonderful demographic pyramid. The people are hard working and either agricultural or a generation away from the farms. They're traditional and highly spiritual, believing the trials of this life are to be toughed out so that everlasting bliss can be achieved for the next life.
And Ethiopia has a wealth of water, minerals, and good cropland. I'd love to see Ethiopia become a major power in my lifetime. They are positioned, geographically, to dominate the Horn of Africa, which is a very strategic location. This also gives them leverage.

>>58129016
i ve seen loads of material over the years on Ethiopia, and the more i investigate, the more i like what i see. The nations ancient, the Axumites kept their culture going well past everyone else in that region. They seem poised to take the title of africa's super power, especially if they can gain more ports on the red sea and Bab-el-Mandeb strait with their neighbors. If only their neighbors to the south could get their shit in order.

>>58129054
Losing Eritrea was a huge blow to Ethiopia. If they still had Eritrea, access to the Red Sea would be no issue. Instead Ethiopia has to rely on Djibouti and Somalia.
I could explain the history of Ethiopia losing Eritrea, but it basically goes back to a treaty with the Italians that gave Eritrea to Italy and was rather crooked. In Italian, it said one thing, in Amharic, it said another, and the Ethiopians signed not realizing what the Italian version said. When they found out and were rightfully angry, the Italians threatened war. Eventually war came, and Ethiopia prevailed in the 1896 Battle of Adwa, but Italy kept Eritrea; Ethiopia kept its independence.
Eventually Eritreans developed a somewhat separate identity, with some even thinking they are superior to Ethiopians due to their Italian colonial history (more advanced).
Reunification would help Ethiopia greatly, but barring force, I don't see that happening anytime soon.

>>58129101
One thing that's fascinating about Ethiopia is even in the 1800s, Ethiopia resembled medieval Europe. There were castles built with Portuguese influence from the 1500s onward, there was a feudal structure of land ownership with a hierarchy of ranks and titles of nobility, and people were fighting on horseback with spears and swords, until the later 1800s when Ethiopia began trading with various European powers for firearms.
Monasteries and monks were and are still abundant.

>>58129101
The kind of lying and misrepresentation Italy engaged in vis-a-vis Ethiopia is not something from colonialism that I can defend, ethically. But still, I think colonization is a natural process when a much more advanced society meets a much less advanced one. The civilizational gradient between the two leads to a diffusion of advancement from the higher to the lower level.

I decided earlier this week to DCA some on Bunker Hill enough to the point it popped off about 10% a day after the fact and I'm finally back in profit. No real news either, so I'm assuming just market moving it a bit?

>>58129894
First time I have ever heard of them and I like what I see. They had a reaction to gold breaking through in late February. At around $0.10USD, they appear to be at a 75% share discount vs NAV. Market Cap at 32.64M. Patrician taste, anon.

>>58130164
Is this the company?

https://www.bunkerhillmining.com/projects/bunker-hill-mine/overview/

>>58130189
Aye, that be the one. I may be swapping one of my holdings for Bunker. She has me swooning.

>newfags have never heard of Bunker Hill
Prep the BHLL anon is rolling in his grave

>>58128918
>Ethiopia is going to become the eastern african economic juggernaut in the not to distant future, and their already headed for military super power in africa.
Some others with economic promise could be Nigeria, Namibia, Cote d'Ivore, Kenya and DRC I think.

>>58130164
What are you using to measure their NAV?

>>58130306
Approximations offered by Tradingview. Take the enterprise value and divide it by the amount of shares; that should be a very rough NAV if you're not paging through earnings reports yourself. For all I know, Tradingview could be devastatingly inaccurate and my entire portfolio is overpriced.

>>58130261
>Some others with economic promise could be Nigeria, Namibia, Cote d'Ivore, Kenya and DRC I think.
Yes, all those countries should "come online" as big markets in the coming decades.

>>58130239
I may pick up some too.

>>58130355
>Take the enterprise value and divide it by the amount of shares; that should be a very rough NAV
you're right, that is very rough. It doesn't take into account at all the net present value of mineral assets for one. That calculation only gives you enterprise value per share. EV doesn't account for any other liabilities and assets, only available cash & equivalents and outstanding debt so it's not really a NAV calculation at all.
>if you're not paging through earnings reports yourself. For all I know, Tradingview could be devastatingly inaccurate and my entire portfolio is overpriced.
Well let's see here, first of all for the purposes of EV calculation that cash number is a bit off, the company has $20,102,596 in cash and $6,476,000 in restricted cash which is not included in an EV calculation as far as I know. Probably a minor detail not worth bothering about though. As for the debt number that one seems wrong. They have a total of $69,841,327 in debentures, although they include within that their metal streaming deal with Sprott which is valued at $51,138,000 on the liabilities side of their balance sheet and the other $18,703,327 are convertible debentures. I actually don't know how streaming deals are treated if the miner is somehow unable to supply the agreed upon amount of product but it would probably be accounted for as debt like Bunker Hill has done on their books.

Oil and gas are no friends of coal, but would be fine with coal being phased out. Trump served oil and gas very well, but not coal -- not at all. Oil and gas are much bigger industries than coal with a much bigger political footprint; they are also far less vilified.

>The pulse among many oil-and-gas executives here is different. In their telling, the energy transition will include growing production of oil and natural gas. Renewable technologies like solar power will continue to expand but not enough to stop fossil fuels from expanding, too. “We’ll bring the molecule solution set, and others are bringing the electron solution set,” ExxonMobil CEO Darren Woods told the conference in the opening hours (oil and gas move as molecules, electricity as electrons). “I’m not suggesting one is better than the other. I’m suggesting we need both.”

https://www.yahoo.com/news/oil-gas-industry-wants-energy-174036641.html

Oil and gas executives are now arguing that "renewable energy" will supply the electrons while oil and gas will supply the molecules in the supposed energy transition that's taking place.
Coal has an uphill battle to maintain even just its current market share in the electron market against its main rival, natural gas.

>>58130905
>And there are other ways to meet demand economically. Implementing energy efficiency measures to reduce electricity consumption is relatively easy. Speeding up the construction of transmission lines to connect electricity production to the places that need power most would also go a long way. So, too, would slowing the retirement of nuclear energy. In technical, economic, and climate terms, these solutions may be ideal. But getting the politics and policies necessary is more complicated.

>“People here are all expecting energy demand to continue growing, and that fossil is going to be the logical solution,” says Jon Creyts, CEO of RMI, an environmental non-profit, noting that in fact renewable energy is cheaper and increasingly available. “There's a bit of a walking over a cliff mentality.”

These articles drive me batty sometimes. The only reason "renewables" are cheaper is because of subsidies. Governments give massive subsidies, renewables become cheaper, then studies are done to confirm that renewables are indeed cheaper.
It's such a gimmick and so dishonest. These global warming grifters are some of the biggest liars in the world today.

>>58130939
don't forget the mass back-off from wind projects these past few years. Part of yhe reason being material costs but also "high" interest rates making the projects simply infeasible even with all the taxpayer funded subsidy funny munnies. It's a silly world we're living in

>>58116476
anons i have saved up quite a bit. what coin to store my value in? i want something for long term storage that i will withdraw from from time to time.

>>58131270
any 1oz .999 gold coin should work for long term savings.

>>58131270
>>58131371
Why not an ingot?

>>58132342
Both are retarded and impossible to withdraw from without major hassle, but the original poster is also a fucking retard so keep helping each other out

>>58132390
Nigger I'm asking a legitimate question. Afaik ingots have stamped serials and are traceable but beyond that, who cares?

>>58132737
Nigger I gave you a serious answer. The guy wanted a store of value that he can still dip into and physical metal that ain't.

As for bars vs rounds; take it to /pmg/. The short answer is "it depends" usually based on location.

e.g. here in England you're a retard for buying anything else other than Britannias because they are legal tender and therefore CGT-exempt. Assuming the goal is long term investment and not apocalypse bartering scenario in which case again, take it to /pmg/.

What are some good copper mines

>>58133272
uhhh off the top of my head Escondida, Kamoa-Kakula and Cobre Panama

boompa the ozzie exchange will open soon

>>58133608
Thank you

>+0.12%
It's happening!.

How long until the monster buyout of Bayhorse?

https://motherlodetv.net/index.php/2024/03/19/bayhorse-silver-riding-the-vtem-rocket/

>>58136165
Two weeks.

>>58136165
why would a monster buyout Bayhorse? Do monsters usually acquire shitcos?

>>58127577
I want to start adding some coal to my diet, but I doubt anyplace makes coal butter nowadays. :(

>>58137130

it was probably out of desperation and economy. i wonder how one might do it again in extreme desperation like judge holden pissing gunpowder into existence

https://finance.yahoo.com/news/coal-dirtiest-fossil-fuel-preparing-230201898.html

I thought this chart of 2 year yields and steel futures was interesting. Excited for another week. I hope steel has bottomed!

>>58137368
>https://finance.yahoo.com/news/coal-dirtiest-fossil-fuel-preparing-230201898.html
Yeah, even the government data on coal power in the US shows a very shallow slope. Fact is coal fire, especially with regen, is a very practical baseload power solution for a lot of areas around the world.

>>58137301
Indeed it was out of desperation. But Germany in WWII tried very hard to keep its population well fed, and they succeeded up until the total collapse in later 1944-45. Germany had the second best fed population of any combatant nation besides, of course, the United States.
I don't actually want coal butter, though I would try it were it available.
But it goes to show the chemistry of hydrocarbons can be converted into some basic foodstuffs.

>>58137368
The problem is that coal is declining so rapidly in the USA, as are jobs in coal mining. My goal is to do what I can to help save thermal coal in the United States. More export infrastructure and contracts would certainly help.

>>58138385
Globally, coal is doing great with record high production and consumption every year. It's USA coal that is on the ropes.

Coal lumps, coal bumps

Sovereign Metals is now finally trading at the price at which Rio Tinto has the option to acquire the next batch of shares.

>AbraSilver Announces Robust Diablillos PFS With US$494M After-Tax NPV and 26% IRR

>Awalé Hits 45.7 g/t Gold over 32m at the Odienné Project

>Arras Minerals Defines a New 14KM Copper Soil Anomaly on the Elemes Project, Kazakhstan

>Patriot Discovers New Spodumene-Pegmatite Occurrence (CV14) at Corvette, Quebec, Canada

wake up guys market is open

>>58142276
And? My juniors still haven't x10. Guess I'm not going to Japan after all...

>>58142838
a ticket to Haneda ain't that expensive

>>58142905
Is 100$ enough?

>>58136165
>monster buyout of Bayhorse
Silver spot price is high, Bayhorse is mining at full potential, working that ore sorter to death upgrading the bonana grade ore, processing plant in Idaho running 24/7, turning out so many 1,000 ounce bars daily keeping the price of silver from hitting $100/ounce, I would think the buyout has to be soon. Graeme really struck it big with one. We have made it bros!

>>58143081
I'm not gonna sugar coat it...

Are you guys converting back to leverage today or tomorrow?

>>58143150
what do you mean?

>>58143150
Below the 10dma

>>58143150
Two weeks

Coal lump, coal bump

Getting new hurricane glass installed in my house today, what a mess. The steel market is still in the bottoming phase, but forward contracts are spectacular now! May is up to 970!

>>58145207
contango baby!

>>58145215
big time! look at may (blue) versus spot.

I was just in an argument with an adamant "peak oil" proponent. I can't see how people can still believe that garbage.
Some people are just hard core "doomers" who have to adopt some flavor of "end of days" prophecies in order to cope with life.

>>58145920
I think some slack needs to be cut for the vast swathes of ignorant people who gullibly swallow all the green propaganda. It's pervasive and you see it everywhere both explicitly and implicitly.

>>58145920
Isn't it strange how only big lizards turn into oil. Not one other thing becomes a "fossil fuel". Only big lizards

It's science©

https://www.telegraph.co.uk/news/2024/03/25/usa-oil-gas-production-world-record-level-energy-security/

>>58146029
>>58146044
Come to think of it, big Peal Oil propaganda like they had in the 1970s and again in the 2000s, predicting imminent doom, could be good for coal. People desperate to keep their modern amenities will say "Fuck it! I'd rather burn coal than return to the year 1700!"

I fell for the peak oil stuff around 2005-2010. My dad warned me, saying they pulled the same stuff in the 70s, saying we'd see a die off in the 80s, but in fact there remain lots of undiscovered resources and unused technologies. I should have listened to him at this time, since it would have saved me a lot of grief.

>>58146044
not sure if you're being ironic or serious, but most hydrocarbons came fron the little critters like phytoplankton. Coal is from ancient vegetation.

>>58146125
The argument I was hearing for "peak oil" was the same stuff I heard in 2005, especially about Ghawar bringing up a lot of water and how when Ghawar in Saudi Arabia peaks, the world peaks, and EROEI for coal isn't high enough because "coal mining uses diesel."
It's all so tiresome.
Well, no matter what the case, EROEI on coal is far better than on wind and solar, so if we want a future somewhat resembling modernity, then coal is the only way, if indeed oil and gas peak, which I don't buy anyway. And EROEI on coal is excellent if you set up the infrastructure to produce huge quantities of coal, due to economies of scale.
Plus that coal deposit under the North Sea remains untouched; it is estimated to hold 3-23 trillion tons. And odds are that's not the only near-shore coal deposit in the world.

Gary say another 1-2 weeks of crabbing then we resume the uptrend. No dip in sight.

>>58146429
>inb4 no crabbing and straight up
>inb4 "well I was kind of right ANYWAY let me tell you about how the cartel is losing"

>>58146672
He said leverage was ok starting from now on if you can handle volatility. So yeah, if if goes up tomorrow, he would be right.

>>58146130
The 70s energy crisis did lead to more coal-powered generation in the 80s. Although I don't think its competitive with natural gas and coal liquification surely doesn't have a EROEI comparable to current unconventional sources.

>>58146743
>"it will crab for 1-2 weeks"
>doesn't crab
>"I was right! For more prescient trading advice, please subscribe for the low low price of $900/year."
fact is we all know we're in a bull market and paid chartists that are right 50% of the time are a bit of a waste of time and money

>>58146844
Right now, you're not buying to know if its going to go up. You buy so you can sell near the top Imagine selling most of your holding summer 2020.

>>58146927
Don't waste the breath on retards who actually think the markets are honest

>>58146761
Transforming solid coal into usable liquid fuels does come with an energy cost, so it's not ideal. But if oil peaks, like those cult members believe, then it would be necessary.
Peak oil cultists tend to remain silent on the gas and coal question and how much of them remain available.

Here is the website of one of the leading "peak oilers" of the 2000s peak oil movement, Richard Heinberg, who wrote that book I pictured above, "The Party's Over."

https://richardheinberg.com/

The founder of LATOC -- Life After the Oil Crash -- whose name I forgot, lost his mind and went into astrology, giving horoscopes for money. Another, thought leader in peak oil whom I somewhat respect, is named John Michael Greer. His books are quite good. Half of what he writes now is about druidry and magic. His books are thought provoking and worth the read -- the ones on the future of civilization -- though I disagree with his premise that total energy available to civilization will soon peak and inexorably decline.

https://www.ecosophia.net/

>>58146244
Sarcasm yeah

>>58148253
James Howard Kunstler was also a thought leader of the peak oil movement. He hedged his bets and began saying that, well, the financial crisis is racing against peak oil to spell doom for industrial civilization, so finance might be the real cause.
Michael C. Ruppert, who wrote "Crossing the Rubicon" (good book), put a bullet in his head a decade ago.

>>58148253
Here's what LATOC looked like.
Fun times for doom porn.

>>58149000
Matt Savinar is the guy who ran Life After the Oil Crash and ended up doing fortune telling.
https://www.coasttocoastam.com/show/peak-oil-economic-decline/

Here is The Oil Drum, a major Peak Oil forum from the 2000s
http://theoildrum.com/story/2005/8/25/123940/634

God do I love working for a private, non-publicly traded company! The executive management in the c-suite is 100% white male. No wonder we're thriving!

>>58148301
Ruppert was the one that dug up the dirt on the bushes and bin Laden's both being heavily in invested in the Carlyle group, a war profiting company

>>58149958
Yes, Michael C. Ruppert did some good stuff. Joe Rogan had him on his show in like 2011 or 2012 and it was obvious Rogan adored him, saying things like "You're Michael C. Ruppert, you can do whatever you want in here," referring to his studio.
Ruppert was an important public intellectual and Crossing the Rubicon is still worth a read.

QH on Snowline at 11:00

https://www.youtube.com/watch?v=cnwRk9b4uVw

>>58150238
Ruppert did a couple interviews with Rogan in the early days before Rogan was widely known.
I can't find the full interviews, but here is a clip from the second one.
https://www.youtube.com/watch?v=7WIzUCMbeak&ab_channel=BogrimDaily

>>58143126
two more weeks then?

bump

>>58149112
>>58149000
I actually lost my way into the Oil Drum (or similar forum) archives a year or two back when looking into what the discourse on peak oil was. These old forums are cool pieces of history, the Internet forum scene is sadly very dead. Most of the forums of old are long gone

>>58153321
man now I'm getting nostalgic. I remember when you could actually go surfing on the web and find new websites all the time. Not so nowadays. Everything is monetized and consolidated and search engines lead mostly into the same select sites. Most Internet traffic goes into only a handful of domains. Internet culture wasn't safe either, now it isn't as easy to separate the Web from real life. It feels like everything is Serious Business™ now.

>>58153321
Forums were/are so much better than later "social media." People could express very long, complex trains of thought and communicate much more deeply on the old forums.

I wonder how this bridge incident will influence commodity markets in general.

>Baltimore Bridge Collapses After Being Hit by Ship, Sending Vehicles Into River
>The bridge is the entryway to the Helen Delich Bentley Port of Baltimore, the largest port in the U.S. for specialized cargo like trucks, tractors and trailers. It is also a gateway for bulk cargo like coal and petroleum products.
>https://www.wsj.com/us-news/baltimore-bridge-collapses-after-it-was-hit-by-cargo-ship-rescue-efforts-underway-6649dd14

>>58153321
Completely agree, I miss the old forum days. I'm a home theater nerd and fortunately we have a big forum scene still. AVSForum is massive.

Steel news update. I'm happy to announce that April futures contracts are now at 875!

The cartel is losing

>The collapse of the Francis Scott Key Bridge over the Patapsco River outside the Port of Baltimore threatens to disrupt shipping operations at a major US trade hub for autos, container traffic and international cargo.

>Baltimore also has a cruise terminal. Last year, the port ranked first in the US for autos and light trucks, handling a record 850,000 vehicles. It was also the leading port for farming and construction machinery, as well as imported sugar and gypsum. It was second in the country for exporting coal.

>>58154198
>It was second in the country for exporting coal.
bullish for seaborne coal in the short term

>goldprice.org down

IT'S HAPPENING!

>>58154314
the cartel just flew over my house!!

https://boereport.com/2024/03/25/goldman-sachs-retains-bullish-view-for-commodities-in-2024/
Goldman Sachs bullish on most commodities this year, except some select ones

>However, Goldman Sachs took a bearish view for commodities such as U.S. natural gas, lithium, nickel and zinc.

>“We continue to recommend investors short Oct’24 Henry Hub,” the bank said.

>“Within the industrial metals, the segment with the most bearish fundamentals remains battery materials… we believe it is too early to call a decisive end to these respective bear markets.”

>On a 12-month basis, the bank targets a 9%, 13%, and 27% downside in cobalt ($26,000/t), nickel ($15,000/t) and lithium carbonate ($10,000/t), respectively.
Battery metals bear will probably continue for some time but I am slightly surprised by the zinc and natty bearishness. I am seeing a possible bottom in both

>>58154103
We won against the centuries old banking cartel! Trust the plan!

>>58153960
>>58154198
>I wonder how this bridge incident will influence commodity markets in general.
Not much in my opinion. We still need stuff.

>>58154103
>>58154314
>>58154374
>>58154644
Boy oh boy, all this cartel talk when nobody brought it up sure makes me think there REALLY is a banking cartel, but who could it be?

>>58154712
how will the stuff be delivered to those who need it?

>>58154755
There is a cartel, but they aren't really suppressing gold.

>>58154811
There is no cartel and gold is suppressing itself

>>58155553
gold is literally at all time highs

>>58155576
That is what suppression means

>>58155850
suppression just means whatever you want it to mean at any given moment?

>>58155880
So does cartel
It's not a powerful cadre of people in an industry. It's people within an industry that are a powerful cadre

Looks like the cartel smacked it down again. It's over...

>>58156145
They won't even let us buy DJT

CSO.V is a horrible coal company that I should stay away from, right?

>>58157290
>coal company
>venture
shiggy diggy

Big crossover with Mises and Michael Oliver.

https://youtu.be/oWp8lV-PzVM?si=7XA4GyPXNYS6yq84

>>58158797
based mises institute poster

afternoon all how are things?
Anything interesting going on?

Lol

>>58154280
Coal I've mined has been shipped out of the port in Baltimore. Coal, unlike LNG which requires special terminals, can be transferred to other ports pretty easily.

>>58160210
Awale Resources drilled a world class gold intercept in Cote d'Ivore earlier this week and the stock has been on a tear.

>>58161836
A lot of natural gas bound for export will be stranded while the coal can continue to flow to Europe.

Feel like I should have bought more Serabi Gold

The City of London won, and we lost... It's over, time to commit seppuku. Who will be my kaishakunin?

https://twitter.com/SilverVarden/status/1772654396800729474

Dolly Varden silver just did a $15 million deal with Eric Sprott!

>>58162257

>>58162257
Good thing the cartel has given up since they haven't manipulated the market since mayer amshel Rothschild passed away. Nobody would ever manipulate the market. We're too smart for that

>>58162363
After viewing this webm, I will not be commiting seppuku, thus I do not require a kaishakunin and I will find and breed this oiran. Nippon here I come!

>>58162482
>I will not be commiting seppuku
Good to hear, anon

>>58162482
based

Today's sea coal harvest. There's so much fucking coal on this beach you guys. I only covered an area of maybe 100 by 20 paces and this was only half of it, all I could carry today; probably 50 pounds or so?

Why aren't you harvesting coal, anons?

>>58116476
>>58116502
>>58116635

>>58163006
I want to roll around on a coal beach. No white sand beach or black sand beach for me. I want a coal beach.

>>58153960
Just heard about that and came here to post about it
Fucked up

>>58153960
>>58154712
>>58163190
>metals

>>58163303
When it comes to the disruption of the "fossil fuel"/hydrocarbon trade, what they mostly mean is liquid natural gas shipments will be disrupted, because special terminals are needed to ship that, since LNG is under such high pressure.
Large coal shipments also leave that port bound for Europe, but coal can be re-routed to other ports on the east coast or Gulf of Mexico. Coal is just easier to transport, which is one of its virtues.
So export-bound LNG will be stranded -- some of it, at least -- while the coal will flow.

Was this an ant bite on my nose?

>>58163344
Were you on the old SETF threads?

>>58163303
i saw that earlier today, thats an incredible collapse. The ship seemed to loose power multiple times, i saw a bit saying the vessel had an engine room fire and the captain couldnt turn away from the bridge fast enough.

Hmm, doesn’t look like the market likes AbraSilver’s recent Diabillos mine feasibility study.

>The PFS indicates that Diablillos may produce an annual average of 17.9 Moz of silver-equivalent in the first five years, which would make it one of the top ten primary silver mines in the world

>The economics of the Diablillos project are very robust and offer significant leverage to both silver and gold prices, with an after-tax NPV5% of $742 Million (+50%) if prices rise 15% from the Base Case ($23.50).

>The PFS operating cost estimates are shown on a per tonne mined and milled basis in Table 3. The PFS estimates that All-In Sustaining Costs ("AISC") average $9.97/oz AgEq in Year 1 – Year 5, and $12.40/oz AgEq over the LOM. This AISC is believed to be at the low end of the primary silver production cost curve

>>58163340
With LNG being stranded in the US, though, this means gas prices could fall, which means coal prices could fall, which means more layoffs of coal miners most likely.

bamp

>Australia should impose a proposed carbon levy on fossil fuel producers to accelerate efforts to meet climate targets, according to billionaire mining-to-clean energy tycoon Andrew Forrest. “It’s high time that industry that causes global warming contributes to alleviating its harm,” said Forrest, speaking to the National Press Club in Canberra, Australia. Forrest, who is the executive chairman of Fortescue Metals, also owns Wyloo Metals. He formed Wyloo Metals to buy Mincor’s nickel mining assets in Western Australia for A$750 million in 2023, positioning them as “green” nickel producers. In January, Wyloo announced it would place the mines on care and maintenance at the end of May. Nickel smelters require power and Western Australian nickel producers cannot compete with Indonesian nickel smelters, who rely on coal-fired power. So, it’s easy to see why he would be bitter about fossil fuels.

https://www.coalage.com/departments/leading-developments/forrest-calls-for-a-carbon-levy-on-australian-fossil-fuels/

Australia is not safe for coal miners even though it's one of the world's top producers of coal. This is why I keep pushing for US, Canadian, and Australian coal companies to go to Asia.
Asia is the promised land for coal, just as Asia is the promised land of waifus for so many on these boards.

If things don't turn around, this could be a bad year for US coal mining -- another major leg down in total production.

>>58116675
Rocks are cool
Money is cool

>>58118674
What made you leave Mormonism

>>58165696
Queensland upped their coal royalties a lot last year, actually was my prime reason for selling my Whitehaven position.

>>58166166
The government of Queensland wants a bigger cut of the pie to allow the miners to keep mining?

>>58166166
Governor Polis of Colorado, a Democrat, cut royalties taken from the state's coal mines a few years ago. Environmentalists were up in arms about it.

https://coloradosun.com/2021/09/30/colorado-coal-mines-get-royalty-cuts-worth-millions-polis-doesnt-object/

>>58166241
yeah, and they want to punish any and all price windfalls in coal.

>>58166322
Governments are just the strongest gang, one big enough to maintain just enough services to be considered legitimate.
I wish they'd stop sticking their nose in mining.
In the future, the saying will be "Go east, young man!" Because that's where people will find their fortunes.
The West is acting like idiots and is beholden to terrible ideologies.

>Tuesday’s mishap means a significant disruption for East Coast shipping, with trade in autos, coal and machinery likely to be the hardest hit, according to government officials and industry executives. It comes as global shippers are grappling with a historic drought that has left the Panama Canal without enough water for routine operations, as well as two wars in Europe and the Middle East that have turned routine commercial voyages into daring adventures.

https://www.yahoo.com/finance/news/bridge-collapse-disrupts-key-trade-180009782.html

>>58166449
From what I could find, that port isn't maybe the biggest in America, but is very key for a lot of automotive imports. Car companies ship cars over by sea and then they go into a VCP to get inspected and allowed into the country.

>>58166449
>>58166744
...but still, lots of disruption. Will be interesting to see how this plays out. Right now the story seems to mostly be able to tragedy but I imagine we'll start seeing the after effects of the port being closed soon.

why is rick rule so smug and at the same time so generous with his knowledge

>Coal
>Any disruptions could hit global coal markets especially hard.
>Traders exported about 22.9 million metric tons of the commodity from Baltimore last year, according to ship-tracking firm Kpler, sending much of the heat- and power-generation fuel to buyers in India, China and Europe. The total represented more than 27% of all U.S. seaborne coal exports.
>The Pennsylvania coal producer Consol Energy and rail operator CSX operate export terminals at the port. The share prices of both companies fell Tuesday.

>>58163978
Another quiet exit and rugpull of his followers by GV while he tells his tards to "sit"

From #1 position, to #13, to off the GV sitfolio. When he relentlessly pumps every news release like it's incredible for years and then is silent when the feasibility study is released you know he got out

>>58167047
he's based

>>58167208
>all those shitcos
baffling how this pumper has any followers to begin with. Most of those companies suck ass.

>>58167396
That fag would be in jail if he lived in the US or Canada

>>58167383
yea he is

>tfw you didn't go all in on cocoa.

news for Galleon Chads

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2697-tsx-venture/ggo/158120-galleon-gold-receives-exploration-drilling-permit-for-west-cache-gold-project.html

>>58167767
it's over. we missed the generational cocoa bull. we're literally never eating chocolate ever again.

>>58168109
Having the last bite of chocolate confectionary right now, we are never going to eat chocolate again because it will be $10.000 per gram.

>>58168145
>tfw all the next gen kids will wonder why chocolate is always dark in media when all they have ever seen and eaten is white "chocolate"
the younger the generation, the worse they have things.

>>58168181
>the younger the generation, the worse they have things
Kek, this but unironically.

>>58168214
I don't get why they're always complaining about rents and condos. I mean, just buy a house!

>>58168246
>Muh my rent is 50% of my salary.
Umm hello? Just work more. Spoiled brats.

>>58168280
if they worked more and spent less money on expensive clothes and alcohol or whatever they too could own a house. They need to pull themselves up by the bootstraps and put themselves out there like I did!

>>58168318
>They need to pull themselves up by the bootstraps and put themselves out there like I did!
Exactly, instead of complaining they should try working 30hours a day, those spoiled brats.

>>58166253
I heard that guy wasn't that bad for a democrat.

>>58170102
All liberals should be put in a furnace

>Was thinking about watching Kubrics Lolita a couple days ago.
>Had to take a relative to hospital today, the doctors name is Lolita.
Umm... What did God mean by this?

had my first ever capoeira class just now. My shoulders will probably be super stiff a day or two from now. I had fun, I hope I'll be able to get more acrobatic over time. Thanks for reading my blog post, remember to enjoy life while maning gains frens

>>58171233
>remember to enjoy life
I was thinking about signing up for Muay Thai training program, but then I realized I can buy stock with that money... Gay or based?

>>58171346
if you could join for really cheap then that's really gay. If it's super expensive then that's based

>>58171384
I mean I doubt It's cheap. There's plenty of programs idk how much the cheapest one costs.

>>58116476
Anthracite coal looks so cool. Literally energy crystals.

Gold looks set to break out again very soon.

>>58171693
>very soon
Like two weeks soon or?

>>58171693
Do you think it will be enough to push gold miners higher?

>>58171732
like a few days soon
>>58171766
some higher quality names are already moving up from their resistances. Agnico, Barrick, Endeavour, Mag Silver, Pan American Silver for example. Some miners are participating in the move today, some aren't, but the most of the leaders are signaling the bullrun's resumption.

>>58171732
>>58171766
>>58171766
>>58171807
Soon

kek

>>58172518
>Brazil
>corporate bribery
some things never change

>>58167162
I wasn't certain, but I figured CONSOL exported a lot of coal through the port in Baltimore.
Thanks, fren, for adding that info.

>>58170102
I remember Polis from 20 years ago when he was campaigning on the streets of Denver holding a sign up. Whatever his stances, he worked his way up from the bottom in politics. I respect that.

>>58171635
Beautiful chunk of anthracite, anon!

>>58116476
how has lassen bro's county faired since the prison closure?

>>58172866
CONSOL's Pennsylvania Mining Complex, which consists of Bailey Mine, Enlow Fork Mine, and Harvey Mine, exports a lot of the 28 million tons per year or so that it produces. Bailey and Enlow Fork are two of the world's most productive underground coal mines, producing 10-12 million tons per year each.

it's over

>>58172965
Still a whole lot of nothing. I haven't been back to the ranch since June of last year. I'm in Shasta county and can't leave due to felony probation. But I need to get that way to get my reloaders and guns and shit. Bedridden and in a wheelchair since December 3rd so I probably won't get back up the hill until fall.

>>58170620
Let me tell you about synchronicity

>>58173178
Harvey Mine is just getting started and produces just a few million tons per year. Bailey and Enlow have been producing for decades and still produce a giant amount.

we're so back

Any thoughts on gdxj?

>>58173684
suboptimal desu

Trump's guys are in talks with Israel's guys for Israel to annex the West Bank and for the Palestinians to be expelled. Of course Gaza is next. This is actual genocide.

https://www.yahoo.com/news/trump-advisers-talk-palestinian-expulsions-172308537.html

I don't think I can vote for Zion Don. I just won't vote this year, or will write in RFK.

>>58173497
I have never in my life met a person named Lolita. What the fuck, I bet that's the only person in my city with that name. And yes, it might be unrelated or a coincidence, but the timeframe of it the fact that it happened, It's kind of surreal. I mean what are the chances... Sure these things happen once in a while, this one caught me off guard I was laughing when I read the doctors name. Anyway watched the movie, It was great.

I like how the blue collar guys in the comments are roasting (((Fink))).
These CEOs understand so little about physical work that it boggles the mind. Another reason why I can't respect these guys, on top of how they've just let the coal industry shrink by 50% in the USA.

https://www.yahoo.com/finance/news/americas-retirement-age-65-crazy-222229926.html

>>58174957
>These CEOs understand so little about physical work that it boggles the mind.
They're empty suits and nothing more. These sort of things happen when you introduce socialism in society, and they only get worse.

The main mine I'm going to in Colorado for this project luckily ships its coal out of the port of Seattle, so they won't be affected by the Baltimore bridge collapse. Thank God.
But still, it's worth watching how this incident affects coal prices.

>>58175155
Yep, it is what it is. My company is considering me for upper management in the future. I won't have any authority to affect retirement ages, but I think that having at least a few c-suite types who came up from the bottom would be a good idea for any heavy industry company.

>>58175565
Anyone wanna bake?

>>58175958
make a Graeme Edition

>>58176173
That is kinda funny, but I don't want to get involved with the whole Bayhorse mess.
I'm just a coal guy.

Fresh baked thread is here!
>>58176526
>>58176526