/biz/ - Business & Finance

First

>>57345135
You won the prize, anon.

>>57344947
Curious on what the black market of commodities looks like? Obviously there's "illegal" commodities trade and operations all over the world but is it one of those things that dwarfs the actual surface market?

Someone I personally know and trust who was in the Uranium industry told me that often times due to over regulation and whatever the political flavor of the week towards Nuclear was at the time, it was cheaper for them to buy black market Uranium from Canada and sometimes even Russia.

>>57345430
Great Scott

Did Dolly poo Shawn get himself a Ukrainian gf?

>>57345587

where's our trad Ukrainian waifugee qt virgin?

>>57345586
Right? Doing business with those dirty Mapes.

Anyways yeah, that stuck with me hard. I honestly believe it because this person makes no gain telling me something like that, and isn't much of the conspirator type. I totally believe it, fake green energy is too much of a selling point for certain people in Washington. Cant have that dirty, scary, dangerous Nuclear Energy now can we consoomer?

WRR Walker River Resources robust drill program coming up Get in while its still cheap

WRR WRRZF WALKER RIVER RESOURCES
High grade gold in Nevada with 2million oz resource coming soon
Pay under the odds now for a rags to riches story Should be trading at $2 soon

WRR Walker River Resources still under the radar with a tiny mc
Get in early before it takes off like nfg sgd big time

>>57346649
>>57346685
FAGGOT ALERT

RocketRetard trying to dump his bags

WRR Walker River Resources= ROBUST DRILL HOLES coming soon is sure will be exciting in the markets
BOOM TIME JUST AROUND THE CORNER!!!!!!!!!!

WRR Walker River Resources = the smart money buying now
Dont be surprised when the majors come knocking!!!!!!!!!!
LOAD UP ;))))))

^^^^^^
WRR Walker River Resources
Word is Crescat and Sprott looking
2million oz GOLD potential for resources at Lapon after ROBUST DRILL PROGRAM!!!!!!!!!!!!!!

WRR Walker River Resources
big money to be made here on high grade robust drilling results

>>57346685
>>57346649
shut the fuck up faggot, we are not buying your bag

Bayhorse winners gather, its time to celebrate our DD and investing strategy and laugh at the poors who missed out.

why is natural gas dropping so much?

>>57346756
Fucking jannies ban me for ONE funpost but won't clean up obvious spammers

>>57346880

Opened a short, thanks!

>>57347467
Your going to fry!!!!!!!!!!!!!
WRR Walker River Resources= the next big rags to riches gold story

>>57347283
>Fucking jannies are the pump and dump spammers

>>57347523
Seethe harder boomer!
WRR is shady AF. They never publish their drill locations and drill the same spot before the yearly PP. 1-2 bonanza hole guaranteed, but the rest goes unreported, there's no extent.

>>57347258
Global warming

>>57347638
Gradually, I began to hate them

>>57347684
Your wrong WRR Walker River Resources is on the way to proving up 2million gold ounces in Nevada majors are looking

>"This giant macro has slid 0.5% and this is why you shouldn't panic"
>Meanwhile the rest of my portfolio: -12%, -12%, -8%, -8%, +.02%
And the stock I tried to sell last Friday is down 10cents since then.

>>57345430
There’s the whole “EU buys Russian oil from Indian refineries while still maintaining bans on Russian petroleum” sham going on still, but I’m not sure if that counts as black market. That would be more like what Iran is doing. They are selling 2,000,000 barrels of crude daily to Asian partners, mostly China.

cmmg bump

>>57349440
Thank you anon, just beat me to it.

bump

>>57349671
How many whitehaven shares do I need for this to be me?

>>57349671
What a chad.

No one has mentioned that Nicola just put down a million to help finance BLLG for next season, it was announced yesterday.

>>57349934
>>57349915
I didnt see that in my email list this week, thats major news. I really wish that Nicola would try and get more clients for their toll mill, there are a lot of interested parties out there looking to get ore processed. Osisko Dev having to use their services was a bit weird to read about but they cant use their own mill until it gets new certifications.

>>57349448

>>57349957
I think Nicola had a lot of interest and money from a Japanese company (not joking) that was interested in their copper potential but when they sent some Japs over they found a lot of overburden that made exploration tough and the Japs might have pulled out

>>57350175
i think your right but it was a bit more than just overburden. The Craigmont mine property needs a massive amount of work to be brought into a state that could be mineable, thats including both surface and underground redevelopment. Its too expensive right now to make the project make sense.

Besides vetting mines, do you all look at data to try to determine what things would cause those to increase in value? Are you developing any financial models for that?

>>57349703
at least 100

>>57350272
I'm looking for a cowboy hat and a thick accent. Never fails

>>57350443
lol. Yeah I just wondered if there were models or something where people took into account things like GDP, inflation, fuel prices (cost to mine), freight (cost to move stuff), and on and on to help make probabilistic choices.

>>57349915
Poo Lagoon villagers are going to make it

>>57349957
Isn’t there any mills closer to BLLG than Nicola’s? 650km seems like an insane distance to haul material. Unless of course there’s no real milling infrastructure capable of handling BLLG’s material up closer to Smithers, which I would find surprising considering BC is a hotbed of mining and the orogeny spans the entire vertical length of the province

Picrel

>>57350857
>>57350866
there are loads of mines out there across the province, but only 3 are currently permitted to do tole milling right now. Tole milling means your changing the composition of your waste a lot, and that means you need to have a wider array of testing for your waste, its a pain to get those extra permits.
New Afton can tole mill but their minimum shipment is 1000+ TPR, the Merrit mill run by Nicola is far smaller but designed to do limited batch runs of material, so its perfect for operations such as Dome Mountain. The third is a mill down by Greenwood BC owned by Zimen Mining, but their not operating it at this time. Right now no ones got a mill close to smithers for small scale production, but there are a number of mothballed operations which could do it, with a bit of work.

QC Copper right back to where it started pre-pump.. I think it can go single digits, but how long can we wait to get in on Canada’s highest-grade open-pit mine? They are commencing this year’s drilling soon and offer plenty of opportunities to see sp spike upwards from here imo

speaking of copper did anyone else see Highland Valley Copper's end of year report? They failed to meet targets and are looking for reasons why. Guys on the ground at the mine are saying its because management only hires management types, not mill wrights or guys with experience. Management thinks they need more engineers.

>>57350991
Sounds about right for management types

Who's fault is it?

>>57351719
Jews.

>>57351719

>>57351719
This is fairly typical of gold miners. I have only been watching them since 2018 or so but this always happens. Gold miners are a leveraged play on gold, so if gold backs off a bit, the miners drop like tanks. The mining stocks are hard to evaluate because they are mostly really shitty backyard companies with poo poo pee pee balance sheets and tons of debt. There aren't a whole lot of people really evaluating them beyond whatever happens with gold, and they are really susceptible to external economic factors. The ones that are public are even worse than the private ones, there are a few private ones with no debt that I'd love to invest into but they stayed private for precisely that reason. No good company is going to go public these days and deal with all that bullshit if they don't need it.

>>57344947
how do you guys invest in oil if you do it?

This is happening tomorrow. What should we expect from VRIC?

>>57353519
Convert your diesel engine to run off vegetable oil and go to restaurants collecting used cooking oil.

Gold in yen

>>57353669
I throw my old batteries into the ocean

>>57353519
i think a lot of people just pile into it when it breaks out in an upward trend. very risky.

>>57350159
Rock and Stone fren

>>57353922
Holy shit, the yen is about to go parabolic

Lets talk community solar energy production. (Under 1MW of production)

I contract out in the utility scale solar industry quite often (construction management). I get to see a lot of renewable energy projects at the utility scale (1MW+ capacity) quite often. These are multi-million dollar projects.

A glaring gap I see in the market is community level solar farms (ie. >1MW) which is something I think could benefit the residents and economies small town's who have no large industry. My opinion on this comes from growing up in a small town and now once again living in a small town. Generally, higher income earners in those areas often commute at least 20-30mins minimum to work, stores and recreation because it is typically better quality, affords a higher wage, or is cheaper.

I feel as though those small town residents rarely see opportunity to cut costs/ earn more back home due to how small and stagnant their economies are. Community solar to me seems like one solution to that?

You the investor profits from the PPA with the local power company or co-op. The power company gains cheaper energy and an albeit small but stable backup/peak power option. Residents see a decrease in their electric costs, in turn increasing their spending power, which can/will be recycled in the community out of sheer convenience. I watched something similar happen in my home town, however not with solar. The town dramatically improved, some investors moved in, and more local business thrived.

Anyone here work in the solar industry full time and have better insight on this? Help me poke holes in my theory. One issue I see is the PPA rates negotiated between the provider and the power company. On large scale this rate is fairly low and metered by the MWH, however utility scale projects produce so much power that the profit margin is pretty fat. A solution I see to this problem comes in the negotiation with the power provider. Higher PPA rate/KWH for the advantage of having the option?

>>57355356
The main obstacle is that solar is horrendously inefficient. Otherwise it would be pretty cool to have something along those lines

>>57355556
Inefficient yes, comparative to other power production means but there's great tax incentives for individuals and businesses and inefficient or not, if the numbers work, they work. You also don't have the burden of being the power company, just a supplementary means of power. Prices in multiple industries account for inefficiency in manufacturing. That's just the cost of doing business.

Major overhead capital would include land, price of hardware, price of install and maintenance. Land that isn't prized for farming or residential development is fairly discounted in those areas. Hardware is an fixed expense which can be reduced through tax incentives. Price of install can be negotiated. Maintenance information is both provided by parts manufactures and can easily be subbed out if margins allow, manufacturer maintenance intervals make this easy to plan for.

>>57355736
>great tax incentives for individuals and businesses and inefficient or not, if the numbers work, they work.
Is there anything communism can't fix?

>>57355972
Kek, as long as as much of my money goes into my pockets and not glow niggers I'll use their loopholes.

>>57356052
>Glowniggers aren't profiting from faux green energy movement
Have you looked into companies providing international arms? It would be a good investment vehicle for you

>>57356075
Glow niggers profit from everything and anything, including large scale commodities, whats your point?

>>57356075
I'm sorry anon, you must have assumed I cared about anything but the profit. They're already ruining the world. I'm just getting my nut off till I die.

>>57356126
I hear the real money is in human trafficking and child pornography. Ever hear of Jeffery Epstein? You don't wanna miss out now he left a huge hole in that market so you bob?

>>57356164
You vill invest in nutin and jew vill be heppy

>>57356189
I'm into fracking, which the new world order hates and wants to end

>>57356266
very based honestly. Please kill more of my cattle and taint my drinking water.

https://www.youtube.com/watch?v=s_hFTR6qyEo

>>57356278
>He fell for the propaganda
How to choose which lies to believe tho?

>>57356469
You don't. Cause everything's a scam.

>>57356469
I'll take it then in your self righteousness you don't drive a car, don't use a phone or computer, don't wear clothes, don't drink alcohol, don't smoke tobacco, don't do any drugs, don't eat chocolate, don't use palm oil, don't burn fossil fuels, don't live in a house, don't eat fish, don't use gems, don't buy bullion, don't drink coffee, don't eat rice, don't eat sugar, don't wear cotton, don't use rubber, don't eat strawberries, don't read bibles, don't decorate for Christmas, and don't watch porn.

Good for you anon, we're proud.

>>57356611
>>57356622
actual schizophrenia

>>57350958
Why is this trading at such a low MC if they have a strong resource and effectively 10 mil+ cash equivalent?

When making DCF to value a mine, should i use AISC or cash costs to calculate fcf? Is it enough to just do revenues - AISC +/- non-cash adjustments to calculate FCF?

bump

>>57345648
She looks like a hapa.

Mining YouTube channels

>>57359127
Hapas can be frens, anon.
Especially for us interested in commodities and mining.
Asia is the dominant center of mining and commodities trading on earth today.
So we who work in commodities and mining, in a way, need Asia and their markets.

>>57359647
In other words, I welcome our Asian frens who wish to discuss commodities and mining. Any insight they can bring to the table would be great.

VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC, VRIC.

Pennsylvania Coal

>>57344947
weekend bump, maybe we can keep it going this time

Looking to invest in uranium mining, any channel or infos covering this specific ore?

Really cool visual explanation of steel products:
https://apps.aist.org/SteelWheel/index.html

>>57361152
Look up the "uranium thesis". It's pretty much playing out better than expected. URNM is the best ETF for it. Individual stocks will definitely have more upside though.

>>57360903
Yep, let's keep it going
>>57359949
Looks like Bailey, though I haven't seen much of the surface installations at these mines yet -- am almost always underground

bump

>>57345430
I like how China imports 3x Malaysia's daily oil production from Malaysia.

>>57361152
Macro voices had Justin Huhn and Mark Nelson on recently, those are some good starting points.

>>57362111
>>57363920
Thank you lads

bump

lazy sunday going well for everyone i hope?
https://www.mining.com/imperials-mount-polley-produced-30-million-lb-copper-in-2023-despite-damaged-mill/

>>57367041
Going decently, thank you
How is yours?

>>57367041

>The mill was returned to service in October after being damaged by a lightning strike during the second quarter.

Just goes to show how you can’t discount random acts of god messing with an investment thesis. At least last quarter they had 44% more production than in that same time in 2022, so assuming the material is somewhat consistent they should have a massive year. It looks like it’s being priced in the past month or so, but it might be worth setting a $2 limit order it if we get battered even further.

>>57367194
warm weather and comfy weekend, nothing to worry about or be bothered with.
>>57367247
stuff like breakdowns or weather are impossible to predict, and they really can ruin a year. Look at Codelco for all the crap thats happened to them recently.

>>57367300
Just got banned again on /pol/
God are those jannies a bunch of cocksucking faggots

You will never be a real dwarf. You have no beard, you have no ale, you have no pickaxe. You are a human twisted by drugs and surgery into a crude mockery of nature’s perfection.

could peopel with experience talk a bit about the creepy crawlies aspect of mining? where theres gold there must be bugs after all, how much does that make a part of it?

What leading indicators tend to influence commodity prices like iron, steel, aluminum, etc?

>>57367722
that depends on what the weathers like on surface, you see more pack rats underground than bugs in northern Canada. One odd situation we ran into years ago working UG was a mosquito infestation that was setting up shop in our deeper sumps. The sumps were fed by ground water infiltration, so didnt see much disturbance. Suddenly, one week in mid summer we had swarms of mosquitos everywhere!

>>57367722
I've worked in both limestone and coal mines doing maintenance work. I never saw any bug in a limestone mine. The environment down there is inhospitable to any life at all. Dry limestone dust (called "minus") everywhere, inches deep. Any bug that makes it down there would dry up and die very quickly in that stuff.
In coal mines they use timbers for posting and cribbing (types of roof support). Sometimes the bundles of timber have bugs crawling on them, because they're fresh from the surface and the coal muck on the floor of the mine won't dry out a bug really quickly and kill it.
So I've seen spiders and centipedes on bunches of timbers that we had to handle for posting and cribbing. But you're so covered in gear (gloves and sometimes long sleeves, depending on the weather and the mine company's rules) and have to get the job done, so you just ignore them. (At CONSOL mines, you have to wear long sleeves all the time, but most coal mines allow t-shirts in hot weather. Yes, coal mines can get very hot and humid since so much air is blown into the mine from the surface in order to blow out gases like methane.)
So, I guess the bugs you find depend on the mine. In a limestone mine: none. In a coal mine: some. Some coal mines even have rat infestations where the miners tend to eat and discard old food, though I haven't seen that before, just heard stories. The rats come in on mantrips in slope mines or through the shaft with the miners in shaft mines.
Also, limestone mines tend to remain around 50-60 degrees Fahrenheit all year round, so they're pretty comfy. While coal mines, as I've mentioned, can be sweltering hot or even butt ass cold depending on the surface temps, again, due to the huge amount of air flow in coal mines that's needed to get dangerous gases out of the mine.

>>57367717
I haven't shaved in weeks, brother, so yeah, I have a pretty thick beard going on, though usually I like to be clean shaven.
As to pick ax, no, I haven't much use for them in modern coal mining. And for stature, I am much taller than a dwarf.
And I do drink the occasional ale.

>>57367825
Oh also, as to bugs in a mine, I have seen earwigs and beetles on the timbers. Just any outdoor bug that would be in wood gets in those things because they're often recently cut for the mines. There are whole industries near large coal mines supplying roof timbers.

spider bump, since someone mentioned bugs

Just as a bump, I once got banned from /pol/ for making a thread about how $100k is the minimum needed to live a solidly middle class life now in the U.S. Now, many agree with that position.
Even in rural West Virginia $40k doesn't go far because many trailer parks have been bought up by monopolizers who raise the lot rent (and evict those who can't afford it) and because food and health care costs are so high.

>>57369152
And by "solidly middle class," I mean own a house, have one spouse working and the other raising two to three kids, have money for savings, have money to eat out occasionally, own two cars, and go on a domestic vacation once a year (or an international vacation once every few years).
That's solid middle class. $100k per year is barely enough for that anymore -- maybe in West Virginia. But most jobs there, outside of coal and gas, pay terribly if you can even find one.

>PE Ratio 1.11
>57% divvy yield
>8% dipperino to slurp today

whats the catch?

>>57369427
>whats the catch?
see:
>>PE Ratio 1.11
>>57% divvy yield
>>8% dipperino to slurp today

>>57369442
Those numbers seem outstanding to me.
What do you invest in?
0.2PE
2000% divvy
99% dipperinoooooo

I am a low level millionaire mostly due to this investment. At the rate it keep climbing, I won't be surprised if it's $500 per share this year.

>>57369492
yweah

Silver Bullet Mines news
https://twitter.com/BulletMines/status/1749375357159915629?t=9v-TKTHzhu7Oyb5qSiuGSw&s=19

>DUDE, Gary says gold is the place to be in 2022, I mean 2023, I mean 2024.
>S&P: all-time high
>Nasdaq: all-time high
>Crypto: pumping thickly
>Gold: Same price it was three years ago
>Miners: -99%
>DUDE, I'm a genius trader like GARY. The markets are just rigged!!!!!!!!!

>>57371192
Hey don't make fun us...

Hmm I wonder what is to the west of Hercules...

>>57371801
could it be?

DXY -.10, yet Silver getting crushed to lowest level since Oct

Steel scrap continuing to roll over, I think steel prices will follow. Waiting for todays HRC future to be released for today because I'm poor and don't have access to CRU to get realtime, but my guess is that it will be down.

Looks like the market doesn't like today's Hercules results

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2952-tsx-venture/big/154706-hercules-silver-drills-100-meters-of-0-76-cu-113-ppm-mo-within-461-meters-of-0-4-cu-74-ppm-mo.html

GV's favorite 2 pumps continue to dump

>>57372601
The main resources is north west of Hercules. HMMMMMMMMMMM I WONDER WHATS OVER THERE.

>>57372979
To be fair, you have to have a very high IQ to understand Bayhorse Silver. The technical reports are extremely subtle, and without a solid grasp of geology most of the assays will go over a typical investor's head. There's also Graeme's optimistic outlook, which is deftly woven into his characterisation - his personal business draws heavily from historical records, for instance. The holders understand this stuff; they have the intellectual capacity to truly appreciate the depths of this mine, to realize that they're not just bonanza grade- they say something deep about the economic system. As a consequence people who dislike Bayhorse Silver truly ARE idiots- of course they wouldn't appreciate, for instance, the humour in Graeme's existencial catchphrase "2 more weeks," which itself is a cryptic reference to when Graeme's mansion will be built. I'm smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as Bayhorse's three PhD geologist genius unfolds itself on /biz/. What fools... how I pity them. And yes by the way, I DO have a Bayhorse Silver tattoo. And no, you cannot see it. It's for the ladies' eyes only- And even they have to demonstrate that they're within 5 IQ points of my own (preferably lower) beforehand.

>>57371801
>>57372979
>>57373005
Bayhorse Chads close to WAGMI

Snowline up 4% today on a 803 g-m hit

>>57373005
Very, very well played.
That is a brilliant rewrite of the pasta

https://youtu.be/gtHMrLI3SY4?si=3SUSohzQYf0Gm0W_

>>57374670
why do these lads always look like charlatans?

>>57371192
Retarded and wrong.

Uranium bros...is it over?

>>57375543
Don't dream it's over

https://www.youtube.com/watch?v=J9gKyRmic20&ab_channel=CrowdedHouseVEVO

But then again, don't take investment advice from a song.

Alpha Metallurgical Resources, which is a pure play met coal producer with mines in southern West Virginia and western Virginia, had recently passed $400 per share. A year and a half ago it was like $150 per share and many didn't believe it would rise anymore.
At the rate it's going, I would not at all be surprised if Alpha hits $500 per share this year, or even in the next few months.
It's not a moonshot that will make you rich off of a $1000 investment any longer; the time for that was during the 2020 crash when the stock sat at $3 per share. I bought a little over 2000 shares then and just kind of lucked out.
I figured I had seen this game before. The stock market crashes due to some funny business, then helicopter money gets dropped all over and the people who scooped during the crash make big returns. So I figured steelmaking coal is a good bet, what with all the talk of rebuilding America's infrastructure and some of its industrial capacity, and I got lucky.
But Alpha might still be a good buy for folks looking for an easy 10-20% gain within a year's time at the longest.
Coal, I think, is ready for takeoff, since even the climate "scientists" are bashing natural gas now as worse than coal due to methane leaks everywhere -- methane, supposedly, being a far more potent greenhouse gas than carbon dioxide.
Plus, coal is abundant, easy to use and store, and offers remarkable price stability; meanwhile natty gas swings up and down like a yoyo several hundred percentage points in some weeks.
Our electricity in the U.S. was far cheaper, more reliable, and more price stable month over month back when coal was at its height, making up some 50% of fuel used to generate electricity. As soon as fracking came along and coal-fired plants began to be shuttered in favor of gas-fired plants, electric utility prices began to rise and become unstable.
People have noticed this by now. So I wouldn't be surprised to see coal make a comeback.

>>57375543
You can thank me for buying in friday, every fucking time

>>57374670
Clausi is a complete bullshitter. If he's involved, I'm not. Simple as.

bamp

>>57378796
..steel (HRC) = 1068
..steel scrap (BUS1) = 480

Bottom fishing (i hope) today

Does someone want to look at Trigg Minerals for me and see what they think?
Seems like they have some assets with high potential and are holding relatively low debt.
Valuation at $AUD3.3 million.

New directors have come on the last few months and have reportedly started more exploration of their assets.

In 2022 they won an award from Australian Mining Prospect Awards for their discovery of a potash resource (whatever that's worth). They posted an announcement in November 2023 that tests will begin on the site in Q1 '24, seemingly after the change of directors was finalised.

Today, they've posted a announcement -"Multiple Epithermal Gold Targets" at a new project they acquired in November '23. They've concluded this from historical data analysis but test drilling is said to commence in late Q1/early Q2 this year.

Is this a good speculative investment or am I basically throwing my money down the drain?
Thanks.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1086-nyse/cde/154679-coeur-drills-highest-grade-intercept-ever-in-the-southern-silver-zone-at-silvertip.html

some interesting news out of the old Silver Tip mine in far northern BC, excellent 16ft wide intercept.

also did we discuss this big hit from Goliath Resources yet? Thats a major addition to their Gold Digger property.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2210-tsx-venture/got/154517-goliath-finds-treasure-island-discovery-up-to-28-08-g-t-aueq-within-multiple-outcropping-shear-hosted-polymetallic-zones-over-550-x-450-meters-golddigger-property-golden-triangle-british-columbia.html

>>57378973
Nice Apu
Little guy needs a hard hat in that environment

>>57380194
>RASHAD SAYS

Pump

>>57372979
>Bayhorse had silver, the Polkowice-Sieroszowice Mine in Poland has silver, and is the world's biggest producer of silver, therefore these two sites are related and I bet Bayhorse is going to be a big play in two more weeks. Can I still buy the stock, is there any left, or have all the CMMG big brains swallowed all the horsey sauce?

>futures

>>57380198
rashad said and gary replied
He still disbeliefs this rally
Aaron and mergott are mumus
Gary and brady are bobos

Coal bump
Also, anthracite, the highest rank of coal, burns remarkably clean with little smoke.
It's great for home heating and cooking. You can buy it at Lowe's and similar hardware stores in Appalachia.

https://www.send2press.com/wire/experts-weigh-in-on-the-second-rystad-study-indicating-that-proppant-type-is-the-likely-answer-for-accelerated-shale-well-productivity-declines/

>>57379528
bump

I blocked Gary says on X about a month ago. He's just another idiot pumping his garbage service and patting himself on the back way too much for every 1 call out of 5 where he gets close enough that he'll claim being "right again"

Someone please take me out of my misery. How much longer.

>Lassen says
Buy frac sand

>>57383159
at least today it's green! for now

Shorts are dare i say trapped
Mother of all silver squeeze
Let's go baboons hodl gang

>>57383159
I might buy some today. Not because I really invest in silver but I just like them so much

>>57383243
I unironically should have just went all in on SHLE back in Dec 22.

>>57379814
thanks fren.

Scrap prices really rolling over for steel, I think we got a nice leg down before a new buy point.

We have any updates from Rana recently? The village is getting poorer by the day.

What pressure will China have on the gold price? I have a hypothesis that because of the real estate collapse along with low birth rates the Chinese will not put their money in real estate. They don't trust their stock market either. Will Chinese people start stock piling gold because there is no alternative?

>>57385173
Also Chen Lin in this video gives us the solar copium and white pill on silver if you guys need it.

>>57383514
Took a year to get to 300% but it's not slowing down

Silver Bullet doing more than Rana and Blue Lagoon.

>>57383159
It's all still so tiresome.

>>57361152
I think the latest info in uranium space is people wondering about the production shortfalls in CCJ and kazatomprom. What would happen if the biggest producers would need to become buyers in the open market while they have contracts locked at a substantially lower price? would their upside be lowered? or would uranium price spike to 200 usd/lbs and make everyone retarded so they just buy the stocks regardless? Im think im gonna copy Kevin Bambrough and uranium anders, buy near term producers.

Has anyone kept up with the story on Goliath? I have a small position but I haven't paid any attention to them the last year. They had a history of over promising an under delivering, did something change?

Has anyone kept up with the story on Goliath? I have a small position but I haven't paid any attention to them the last year. They had a history of over promising and under delivering, did something change?

>>57388323
they announced a pretty good "discovery" this week, called "Treasure Island", as well as a number of other good looking float and surface grab samples from territory they explored last fall. The discovery is legitimate, but many think they knew about it earlier this year and are only just announcing it. They are planning a wider drilling campaign for the new areas for 2024.

>>57383243
How much longer are you in the hospital for if you had to guess?

>>57389709
thanks, I now see why the market got excited today

>>57383596
Awesome edit, fren
Thank you
That Apu is doing important work

>>57390534
Thanks. Yes, he's keeping the world running. Steel HRC finished today at 1070, about level, but I think scrap has fallen enough that we'll see downward pricing continue. Scrap to metal spread was nice today for the mini mill steel producers (56%), maybe why the stocks had a bit of an up date, but I'd like to see scrap prices start to reverse before I put money in. Iron ore is down also.

Steel Dynamics earnings are tomorrow.

Good evening gentlemen

>>57390852
are you the CLF guy from 2021? He used to post on these boards all the time. I forget if he got rich and dipped or if he won and lost it all

Benton Resources

>>57390350
I leave tomorrow. It's been seven weeks. I'm over it

>>57391418
Clf tranny indeed got stupid retarded rich from that play. If I had his money I'd burn mine

Expecting the cartel to attack gold soon
Need to watch where the mumus show up before deciding to add to existing positions

>>57391162
i love minors

>>57389709
Even the scale seems accurate for that Apu
Awesome stuff

>>57392064
>i love miners
https://www.youtube.com/watch?v=Y_QNXVPVAY0
This was the first time i heard that joke

>>57391418
Nope, that's someone else. CLF is an interesting company though, they tried to buy US Steel at something like 30/share and then the nips came in and tried at 45/share, but now the unions are in the way. Will be interesting to see what happens there.

cmmg bump

>>57345430
https://www.youtube.com/watch?v=4e3_bkKwgQY
here is one example, and from there you can paint a picture what other spheres look like
usually in places like africa or (any part of) asia getting the raw ore or concentrate from village like places and then selling it to refineries that sell to open markets or directly to factories
another example would be panning for gold on unclaimed land

Steel Dynamics earning call at 11AM EST if anyone wants to listen in.
https://ir.steeldynamics.com/events-presentations/

Nucor is next week, so I'm going to start doing some homework on them.

>>57391989
THE CARTEL ARE COMING

what went wrong bros

PAN MAN, do you think that even if Surge copper gets access to Huckleberry, that it will even be enough production at 20,000 tn/ day?
I’m hearing rumblings that is too small of a mill for what is required.

I wonder why gold is more expensive in China? It can't be manipulation can it?

>>57395887
Looks like a typical Crescat and GV holding pattern (it’s a joke, not sure if they are involved).

>>57396270
Maybe it’s a Brent crude vs WTI kinda thing

>>57396270
A lot of commodities are like that. Check Chinese steel versus US steel prices, for example. If the delta gets big enough to offset shipping and taxes, it's worth shipping and then the prices normalize more.

>Gary says
We about to moon

https://youtu.be/HoRP4f4pAO4?si=H_r7r9DacEfbXWzk

>>57396270
Because China is actually checking the warehouses.

>>57397557
I love the cute face.

>>57395887
Typical Crescat PnD, just remember how desperately QH was shilling NVO.

>>57397557
Thanks for the heads up, shorted 100k

>>57397557
Two more intermediate cycle lows
trust the plan

>>57397743
>>57397557
is he gay? whats with the one earing?

>>57344947
night bump from EU

>>57386682
Any specific videos or miners?

You guys I can't fucking believe it Gary is a groomer pedophile..

>>57399085
Apparently is an 80s thing and means not gay.

>>57400713
riiiiiight

>>57401342
Thank you. I wonder what steel they are pricing there.

HRC is at 1083usd and scrap (BUS1) at 480. Metal spread at 55.7%. My opinion is we're still going to see some downward pricing movement.

is this general full of poorfag shills like /pmg/ is?

>>57402024
cmmg is mostly dead despite our best efforts, poor or rich. i imagine most people here aren't super rich, so, you might be better off at chateau mormont

>>57351198
>>57350991
I used to work there and my experience was that they had a lot of people ill-suited to their roles. They probably do need a couple more process engineers working on optimization and debottlenecking but also should stop making engineers into frontline supervisors.
They also waste resources on things like data science/ML projects at head office's direction but that's every big mine now.

>>57402024
Where is the line that divides poor and rich? A second comma?

What's the future of gold

>>57403462
If civil war breaks out in the US, US currency becomes unreliable and gold is likely king.

when do I buy in on uranium?

>>57403619
December 2020

>>57401738
I’m gunna say it’s Shanghai steel since it’s priced in CNY. Tradingeconomics.com you’ll find better detailed info on all the listed commodities

>>57401738
>My opinion is we're still going to see some downward pricing movement.

...and that call was correct in both scrap and HRC steel futures. Imo we'll continue this downward trend.

hahaha, we get to $23.02 and the banksters have to do a smash, I hate them so much bros

>>57406107

Am I retarded for continuing to buy this sand company....?

>>57407244
maybe. I've had great investments go down 30-40% before they boomed... but, you have to make sure your strategy still makes sense. what is your thesis for buying it? what research have you done? can you give a little background on the play?

>>57407462
>what is your thesis for buying it? what research have you done? can you give a little background on the play?
Assuming that's Lassen he's posted a lot of DD on both the company and the overall fracking sand thesis over the past year or so, in the archives, but I doubt he still has it all at hand while they're putting his coconut back together

>>57407244

Are the fundamentals good or does it at least have realistic potential? Nothing much else you can draw conclusions about.
At the moment it's really hard to say which company is really even good or bad, because all of them have gotten so fucked that there's no difference in pricing regarding fundamentals.
Garbage and good players are both on the same level and both will likely explode upwards when the commodity sector finally stops sucking balls.
It'll be like with the Uranium plays from their lows.
Everything will pull multiples at first and only later on we'll finally see which companies were dogshit to hold.
If your average is low enough I doubt it makes much difference at this point what commodity play you hold, you'll win big initially anyways when things turn.
Unless of course you hold something that has the potential to go bankrupt, there's always that question when things look bad for too long.

>>57407462
What he said here>>57407670
Check the archives
But basically the damage done by cheap basin sand usage can only be remedied by super high quality northern white sand and this company in Arkansas has it and it's closer to Texas than Wisconsin or Minnesota
I had a traumatic brain trauma so I am not capable of peeling off factoids like I used to

>>57407891
I'm buying th logistics basically. The cost of hauling the sand is almost as much as the sand itself
The closer you are to Texas with nws the better

>>57408041
Sorry about your injury. Motorcycle?

When the fuck is UNG going to stop sucking balls and why does it keep sucking balls

>>57408184
Head on collision. Threw me twenty feet from the car through the windshield I still had the steering wheel and steering column in my hands when they came to load me into the ambulance

>>57408254
Because you touch yourself in the night

>>57408317
Damn man, glad you're recovering.

>>57408317
Best of wishes, brother
Fun fact: from what I've seen, car accidents on the long, hilly, winding, narrow roads to and from the mines in Appalachia kill more miners than working in the mines

>>57409076
It's a miracle I'm still alive

>>57409242
well when you're feeling better we're gunna make a shitload of money in the next steel bull run,

>>57409317
Tell me what to do
I haven't studied steel except learning to weld
Send links or anything else I can read to learn

>>57409357
I'm semi-kidding, but, I've been modeling scrap versus steel prices and trying to learn. It does seem like something to watch where some real money could be made without taking on a ton of risk or having to buy completely shit companies.. steel producers are steel producers, but a lot of them have some decent balance sheets it seems.

Probably the best thing I've read about the steel market so far is the STLD (Steel Dynamics) 2022 annual report (2023 should be out shortly). It gives a really good overview of the business and what factors influence steel pricing, especially starting on page 27 of the PDF and onward. Scrap, iron ore, electricity, freight, Chinese market, and so on are all covered in it and it's a pretty approachable read.
https://d2ghdaxqb194v2.cloudfront.net/2197/189962.pdf

>>57409585
Thanks buddy I'll try to read it sooner than later. I've got double vision since the wreck and my memory is shit, so if I ask stupid questions it's because I'm stupid

Now that Uranium has ripped like crazy for the past 9 months or so, is it time to buy puts? Whether to protect a long position or to capitalize on an unavoidable correction to the downside? We are seeing some correction already, fib levels suggest roughly a 12-13% correction to the downside from all time highs if it's gonna happen, but technicals are like reading cow entrails in an environment like this. Fundamentals are a lot more important.

>>57411278
Sorry I'm half awake, not ATH I mean the high for the month.

>>57411278
i bought, so it's probably going to dump

>>57411278
No idea, but what's the best way to learn technical analysis?

>>57399085
Gary? Gay?
If by Gary you mean Gary Savage, the self-made multi-millionaire who runs the Smart Money Tracker Premium Investment Blog Subscription - then absolutely not! Except for some unenthusiastic experimentation in college, he has had intimate relations with only the most desirable of western (white, caucasian) females.
As a former nation judo, power lifting, and Olympic weightlifting champion, Gary Savage's physical achievements prove second only to his financial accomplishments. Despite retiring from professional sports, he is still an avid rock climber and bowler (two perfect games and counting!), as mere hobbies!
He may even pick up watersports, seeing as how Gary Savage already masterfully navigates the financial markets like a little Hawaiian orphan surfing the sea trying to entertain American tourists for his next meal.
And you can share in all these many achievements and lived experiences, since they culminate in one single, beautiful place - the Smart Money Tracker Premium Investment Blog Subscription.
In this daily and weekend market newsletter, Gary Savage provies realtime in depth commentary and analysis, through his unusually discipled and keen understanding of market cycles, combined with cutting edge sentiment data.
On top of that, it grants access to the private forums, giving you the ability to ask him questions and getting immediate written feedback 24/7!
As a real contrarian, Gary Savage's ability to think like 'big money' is sure to put you several steps ahead of the crowd - for the low, LOW price of only $75/month (or $900/year - less than 20% of the cost of a Classic RealDoll Companion™).
I know what Gary Savage would do!

>>57411664
Fuggin ded/10

>>57411664
>He may even pick up watersports
yeah I could see him doing that

Alpha Metallurgical Resources is really crashing this week. I'm selling most of my shares to collect the cash, and will be converting much of that cash into gold and silver.
With the constitutional crisis brewing over Texas, and 25 Republican governors siding with Texas (rightly so!), the U.S. could become quite unstable.
The main thing maintaining the dollar's value is its reserve currency status and people's trust in its strength. We don't have gold or a highly industrial economy backing our currency. With a big constitutional crisis or contested election this year, trust in the dollar could drop rather severely causing it to lose a lot of value.

>>57412531
Thank you.

Steel HRC ended at 1077usd today, scrap at 475. I believe this downward movement in scrap will cause steel to drop as well.

>>57411664
It's insight like this that keeps me coming back to cmmg. You must be the anon extolling the virtues of bayhorse last week(ish). Love it, and looking forward to future posts.
I

>>57408041
Jesus.

>>57413242
>No piss on his pants
That's how you keep a job right there

Bump
Get some gold and silver in case this country breaks up under the strain of the election this year

>>57414903
There's nothing quite like the feeling of a few ounces of bullion in your hand. Truly the money of kings

>>57415098
It is truly based.

>>57413465
Actually, I have been hearing rumors that Gary Savage is in regular contact with the CEO of Bayhorse Sivler, mr Graeme O'Neill.
Supposedly they have been on some business trips to southeast Asia to scout new exploration projects. Very hands-on stuff, personally exploring caves and everything.

>>57415176
Have they had a chance to use their tools to excavate any of the local holes?

>>57415340
I can only assume Gary Savage and CEO of Bayhorse Silver mr Graeme O'Neill would have had to have been elbow deep in muck to get a good feel of the local caves.
Probably each hole more than once, to be able to properly rank them.

>>57415442
It's probably very wet in those holes so they'll need a broad, mushroom shaped shovel to move that muddy stuff out of the way to even get to the good ore

Bamp

Stupid question from the newest member of the brain trauma list: where do I find the historical market cap on of companies?
I'm sorry to ask because I know I used to know and now I'm fucking miserable and stupid

Long Trillion.

>>57418225
damn, what the fuck happened to Trillion

>>57419967
Benton chads we're all gonna make it.

>>57419830
IIRC some hedgie sudokud and all his shares were liquidated at any price or something like that.

Being so close to it's ATL if I had the money to spare I'd gamble on it. Maybe I'll put a bit in when I take profits at 100$ oil if it hasn't moved much by then

bump for this pathetic thread

https://www.seabridgegold.com/press-release/seabridge-gold-applies-to-the-bc-government-for-substantially-started-status-for-its-ksm-project

I missed this news a week ago, big things happening with KSM.

>>57421815
Post something we can sink our teeth into

Randomly stumbled across a familiar name, Alex Klenmann as I was going through different companies.
I remember him as the CEO of the Uranium play Azincourt Energy, and those guys kept their zero hit drill results to themselves as long as possible, while constantly promising people they totally have hit a radioactive zone and there might be something there.
Apparently he gets around quite a bit.
Here are all of the positions he currently holds, a busy man by the looks of it:

>Mr. Klenman holds the position of Chief Executive Officer, Secretary & Director at Tisdale Clean Energy Corp.
>President, Chief Executive Officer & Director at Manning Ventures, Inc.,
>President, CEO, Secretary & Director at Azincourt Energy Corp.,
>Chief Executive Officer, CFO & Executive Director at Cross River Ventures Corp.,
>President, Chief Executive Officer & Director at Leocor Gold, Inc.,
>President, Secretary & Director at Nexus Gold Corp.,
>President, Chief Executive Officer & Director at Nexus Metals Corp. (a subsidiary of Nexus Gold Corp.) and
>Director & Director-Corporate Development at Arbor Metals Corp.
>He is also on the board of Ord Mountain Resources Corp., Blackhawk Energy Corp.
>Atco Mining, Inc. (former Chief Executive Officer & Non-Independent Director) and Oberon Uranium Corp.

This guy basically just gets into a shitton of companies, probably started by himself or his friends and gets people to throw money at them and then lets the companies fade away.
He isn't even trying to hide his scams, but then again I guess there's no need for subtlety in this clown world market.

Can anyone tell me why SSR Mining has shit the bed?

>>57345430
Probably just a very small fraction of the whole market.
I doubt the uranium thing just because it sounds too cool and james bondy to be true.
As for known sizeable black markets: gold, silver, expensive hardwood and manganese in south america (mostly Peru, Venezuela and Brazil)
Coltan, copper, gold and ivory (for china) in Afrika
Jade in Myanmar

>>57412795
>With the constitutional crisis brewing over Texas, and 25 Republican governors siding with Texas (rightly so!), the U.S. could become quite unstable.
Delusional
>We don't a highly industrial economy backing our currency
Delusional. The american industrial sector is a behemoth. You just don't own literally half of the world's GDP anymore like you did in the 50's

The U.S. won't lose its status for the simple fact that there's no other currency to take its place.

>>57423518
The largest black market is for sand because it's the most mined material on earth

Fun fact

>>57423376
honestly not sure, their news looks fine, they have been one of the more stable quiet operators out there for at least 10 years without much major issues or bad press. insiders perhaps moving out before bad news hits?

>>57423518
there was a report out recently that i ll try and find that put 1/5th of all minerals produced were still gray and black market sourced, and even in North America 1/3rd of all mineral production was difficult to fully trace back to a single source. I ll try and find that report in the morning, it had some really interesting statistics around who and where minerals were coming from.

>>57423545
Are you joking?
You really believe the "american industrial sector is a behemoth"?
And you also believe the U.S. is very stable and not divided into factions that are out for each other's blood?
The U.S. could very well lose its reserve currency status if there is a civil war or breakup of the country.
No, there is no other reserve currency at the moment to take its place, but why does there have to be? There is no law of nature saying that the globe must have one reserve currency. For most of history, there world was multipolar and had numerous major currencies to choose from for trade.

>>57423545
I'm curious what country you're from.
I have noticed a lot of consternation among Western allies about the decline of the U.S. and think it stems from a fear that if the U.S. loses its global hegemony, their generally cozy lifestyles will end.
U.S. military power props up the European welfare states. They can afford such lavish subsidies for their people because they haven't had to pay much for soldiers and weapons since World War II. If U.S. hegemony fails, a lot of social benefits will have to slashed so that these Western Allies can afford a sizable number of soldiers and weapons for the first time in almost a century.
I don't want to assume you're one of these types, but am curious where you're from.

>>57424479
Second largest aluminum plant laid of a ton of workers
It coming unless we purge the libs

>>57424556
Also news stories about how the US can't even produce weapons fast enough to supply Ukraine.
I don't agree with NATO supporting Ukraine, but this conflict has exposed the pathetic industrial capacity of the US even in military-related production.
People today mostly want service jobs, influencer roles etc. We don't even have a manufacturing-capable population any longer.

>>57424744
Ukraine is a largely fake war to fleece Americans and most arms are ending up being sold internationally. Wagging the dog.
Modern wars are population control and mass theft/fraud
Tons of videos, easily faked, are made by the same (((groups)))

Bump

>>57426624
Bump
Let's run out to 300 and start a higher energy bread

>>57419830
>>57420409
There's more to Trillion
> EU natgas prices crashed due to warm winter
> Trillion missed production guidance by 25%
> They fucked up their wells, gas flow is dropping faster than expected and they require a fortune to fix them
> They had to raise $10M at 30cents and might need to raise again for their commitments

>>57428153
What was the issue with their wells?
Lassen here. I've been following the west Texas o&g in the fracking scene so I know knowing of trillions actual well operations.
Please give me anything to DD. I'm home now and /comfy so I can dig my heels into trillion of needed.
I'm gonna go reread my old DD in the archives this weekend because I had a head injury and am now without a fuck ton of memories.
I have to start making some money investing because I was convicted of building machine guns, allegedly, so I'm out of the armament business forever now
Fucking nigger California laws

>>57428244
I know nothing of trillion***
Stupid autocorrect

>>57428244
>>57428248
Recover soon Lassenbro! I'm not an expert in oil/gas, but from what I could gather:

So their original estimate was to produce 48 Mcf/d at 60$ gas price (half goes to the company half to Turkey). Last quarter they had 10 Mcf/d around 30$.
They based their production estimates on the initial well pressure test. However they were greedy fucks and overestimated porosity. They made the wells too wide and too deep until the water pressure suffocated the wells and they can only run them a few hours a day. They're installing artificial lifts to increase production and heavily cut back on growth. The problem is that this takes time and they are fucking broke with the crashed natgas prices, debt and management salaries. They're in a cash crunch: they recently made a PP and there's speculation that they need another one, their SP dropped 90% and are priced for bankruptcy. It's still a multibagger if they make it, but don't bet the house on it.

>>57428809
Oh fuck if their books are trashy then no amount of well development is gonna save them. That's the sob story of o&g and I've heard it all. Niggers took mega bonuses and hire a fucking stadia full of deadbeats to make their jobs easier while the cotton is tall and dont plan for when times will be lean. Eventually get upside down and start layoffs and corner cutting only to go belly up because they did too little too late. I found the poster child for that story but can't recall the company just now. It's either in the archives or on my work laptop that was seized by the ATF. I'll get it back but not soon. I have a shit ton of data on their. Should have labeled every file as childporn#23,452,769.mov so they had to open and check every God damn file top to bottom

>>57428809
>They made the wells too wide and too deep
what nonsense is this?

>>57429402
That once they release the gas too fast the pressure drops, and if the hole hits an underlying water layer it'll press water into the hole that provides counter pressure to the gas (i.e. reducing flow).

bump

train bump

>>57429748
>That once they release the gas too fast the pressure drops
The pressure always drops, that is why the oil/gas/water flows to the well - the well is a pressure sink.

>and if the hole hits an underlying water layer
I hope you are joking, there is always water, water drive is a thing too, they can simply squeeze off perfs to reduce water flow, install bridge plug below, or cement off the bottom, or isolate the top. Operators are constantly drilling, redrilling, completing, re-completing or stimulating wells to control pressure and fluid (oil gas water) flow to the well. They also produce water from one or more zones and inject the water in other locations and zones to control/manipulate pressures to increase production.

You should review online well files to leran how much/many changes and the types of changes and tests that are made to wells for production injection operations and monitoring. State agencies collet a lot of info on production and you download or scrape the data and perform your own decline analysis and estimate project performance or field life (there are many factors that influence both). and watch some youtube vids on reservoir engineering.

An interesting news article from around 1910, a fantastic copper discovery in northern BC. Probably a little to optimistic.

>>57432512
Very nifty stuff :)

Someone asked for something juicy that they can sink their teeth into. Here goes.
Many coal mines are no longer hiring miners from out of state -- AT ALL! Not even with 10 years of experience operating all underground machinery. No exceptions.
Also, MSHA 40 hour underground coal mining classes are now being taught in Spanish. The migrants coming across the border are technically, in most cases, considered legal migrants because they claim to be "asylum seekers." So they can get a work permit.
I suspect the coal mines want to go on a hiring spree replacing white miners (they're mostly white) with Hispanic ones.
The days of coal miners making $120,000 per year might be coming to an end. Maybe you'll have 5'4" Guatemalans mining the coal for $40,000 per year.
Every coal job application asks if you're Hispanic or not, and asks your race. DEI has slowly been creeping into the coal industry.
Maybe I'm wrong. Maybe I'm being overly vigilant. Who knows!
But from what I'm seeing, I'm suspicious.
If the coal industry starts making white miners train their Honduran replacements and then slashing wages -- and coal companies have an UGLY HISTORY for being ruthless exploiters -- then I'm out.

>>57347258
Winter is over, less need to burn it for heating.

>>57433328
If many experienced coal miners do get the boot in favor of our new "asylum" residents, then they should go to China, Indonesia, India, Russia etc., who love American coal mining expertise.
But from what I've seen, most coal miners almost shit their pants when I suggest going to mine in countries like those, because "Where's much MSHA."
I do like coal miners but think safety regulations have perhaps gone too far. I'd go to China and work Chinese coal mines. I don't fear death and my close family are gone, sadly. So I wouldn't mind dying doing what I love.
Plus the vast majority of Chinese miners who spend decades-long careers in the mines and don't die.
I'd also willingly go to Russia to mine coal, or Indonesia -- wouldn't be too fond of India, though.

>>57433571
I had to edit this comment to avoid auto-censorship from 4chan that called it spam.
I had a section where I bashed on India -- why I wouldn't want to go there -- because it's disgusting both in terms of hygiene and its social system.
Strange

>>57433571
*Where's muh MSHA

>>57433576
The pajeets rule all

Fresh bread

>>57433629

>>57433629

>>57433629

I am short to pay for my university semester exam fees, today is the last date, i dont want to be dropout, can anyone help me out? I really want to continue my education

>>57433669
I got you bro. There are resume assistants online. Get a job with a signing bonus and use that money

>>57433742
it wont work, i am running out of time

>>57433764
Are you asking for someone to just give you money on here?