/biz/ - Business & Finance

>>54572965
More on M&A: https://www.mining.com/web/endeavour-mining-expects-more-gold-ma/

The news article also ties rather well into the last thread's discourse regarding Burkina Faso and Endeavour Mining:
>De Montessus said West Africa-focused Endeavour will be less exposed to conflict-hit Burkina Faso as a planned expansion at its Senegal mine and a project in Cote d’Ivoire enter production.
>Conflict has reduced gold production in Burkina and made it more difficult – and costly – for miners such as Endeavour to transport the staff and the supplies they need to keep mining.
>Endeavour’s three Burkina Faso mines Hounde, Boungou, and Wahgnion account for between 40% and 45% of its gold production, but that share is likely to fall to around a third by 2024, de Montessus said.
>Asked about allegations that Burkina Faso has hired mercenaries from Russian group Wagner, which Burkina’s military head of state has denied, de Montessus said: “For the current president of Burkina Faso, that is today not part of the plan."
Seems like EDV is not enthusiastic about increasing exposure to BF via acquisitions. For good measure I sent their IR some questions regarding that earlier today.

>>52880190
>>52880236
My coinbase puts are ready.
>>52881287
Oil in general seems like it should be in a buy zone right now. Depends on demand destruction but seems like demand is still strong relative to supply, and rigs are plateauing. Cyclical bottom as well, demand should be stronger in Summer. An interesting idea is also AECO (Alberta/B.C. natgas). AECO is fundamentally much cheaper than other benchmarks due to the abundance of gas on Western Canadian soil as well as lack of sufficient infra for it to be able to reach other markets and catch arbitrage. But next year the Coastal GasLink pipeline will be finished and 2.1Bcf/d (21.7Bcm/year) will be supplying a new LNG facility in B.C., this should increase demand for AECO and the price arbitrage should put upwards pressure on the price.
>>52884804
Copper and iron ore interest me. I traded VALE a bit recently and made a little bit of money. I really like the iron ore companies. Big stable dividend payers, and China opening up should improve iron ore and steel fundamentals. By extension that should also be great for coke of course. And thermal coal too should be great.

Really many good opportunities right now. But risks are also high. Q1 could be bumpy but 2023 as a whole looks like a shortage-ridden year as well. Really exciting and scary times. No matter what the commodities do I however recommend everybody to have a lot of cash and gold and try buying puts on some shitty overvalued tech companies.