/biz/ - Business & Finance

mining stocks suck ass

Oil.

HOLDERS! WHAT ARE YOUR POSITIONS?

More Hedgeless Horseman Copium for everyone.

https://youtu.be/p20AShtOnQc?si=gP1jRCqGVgEHQeWL

>>57539929
XOM
WHC
BTG

>>57539929
100% Benton obviously.

What positions does Gary have right now? I can't afford the membership. Whatsbhebsaying about gold silver and oil? Miners?

>>57540038
Based as fuck. I own WHC and BTG, and I really should own XOM too but I have repositioned more aggressively into gold and silver equities so I don't currently have that.

News about longwall mining in the United States, with a census of longwall systems and faces

https://www.coalage.com/features/longwall-operators-add-capacity-for-2024/

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

Slow trading week. Gary is getting problematic

What the fuck, this entire sector is just one big scam eh
https://ceo.ca/@newsfile/lion-one-announces-overnight-marketed-offering

>>57541596
Thank you for playing goyim

>>57540872
CCJ reports

Interested to see what it does to the price of uranium.

>>57542009
Remember the term market is the horse and the spot market is the cart at the moment. Don't be too focused on spot.

One of the reasons I'm buying Peabody stock is not just that I like the company, but that Peabody is the only truly international American coal company. It sells to more than two dozen countries and is well diversified between both steam and steelmaking coal. Twentymile Mine, for instance, now sells much of what it produces to France.
Peabody can find a buyer for its output somewhere in the world, except, perhaps, for the Powder River Basin coal from its North Antelope Rochelle Mine, since that's low energy-density coal and not really worth shipping overseas; it's better used domestically.
But from its other mines, it can find a buyer overseas if need be.

>>57542397
Alpha Metallurgical sells to like 26 countries too though. But AMR is 100% met coal. Peabody produces mostly thermal (a heck of a lot of it too!) and some coking coal, IIRC tonnage wise it's like 80/20 themal/coke. Of course the share of revenue is probably closer to 60/40 because coking coal is a higher value product

I personally like most of the big coal stocks. I wanna buy them all. I have Glencore and Whitehaven for now, but I want Warrior, Alpha, ARCH, Peabody and maybe CONSOL and Alliance. I also need to look at some of the other Aussie coal miners but right now I just want the US ones and Whitehaven

>>57542465
Yep, that's true. I had forgotten just how far Alpha's markets reach. There is a big demand for met coal and they're the pure-play experts in metallurgical coal.
Buy all the coal stocks you can. I think they're a good long-term hold.

>>57542465
Kudos on your learning about the coal market! It's very impressive.

>>57542345
Check

>>57542530
I think so too. AMR is a good case study of how those charts move once the company starts focusing its efforts on buybacks. Some of these companies are still deleveraging or growing, but I think eventually they will all get to the buyback stage. AMR is paying $1-1.2B a year for its own stock. Whitehaven will get to that point too once they've paid off their Daunia & Blackwater Acquisition and brought Winchester South online. Warrior will get there after Blue Creek starts operating. ARCH and Peabody I think still need to delever a little bit. Glencore, remains to be seen what the spinout looks like. All in all very comfy 5-15 year holds at least

>>57541596
This isn't the first time that Lion one did a greasy offering. You should probably make use of red flags and pull/stay out of companies that have hosed shareholders in the past because there's a good chance they'll do it again.

>>57542885
Yeah not their first wash. Probably not their last either.

>>57542762
Awesome observations!
I doff my cap to your market prowess and hope you make millions.

>>57542954
I too hope to become a big pocketed investor guy eventually, but with my starting capital it's probably going to take lots of time, ups and downs. I should probably take up a trade or something in order to get a higher paying job. Maybe I should take up HVAC or something

>>57543015
A trade in the meantime could help you get by. The mines are hiring if you want to get a taste of what they're like. Just an idea, but do what suits you best.
You're clearly very smart and have the capacity for self-teaching, so I'm sure you'll make it in life, though as with many people of recent generations, there might be quite a wait time before you make it big. But the wait is worth it. I was still practically broke at age 30.
If I may ask, about what age are you?
I am mid 40s.

>>57539919
what AI model did you use for that picture?

>>57542885
Lion one was literally the only stock I've bought low and sold high
I'm sorry if I let you guys down. I'll try to buy the top from now on

>>57543176
Hah, I would gladly go work in a mine or as a roughneck on a rig, onshore or offshore! Alas, I don't live in the Land of the Free (or of the Leaf). Aside from moving abroad for employment, my avenues here are 1) a trade, 2) self-employment which is easier said than done, 3) higher education which takes a long time if I even manage to pass the entrance exams.

I'm 26. Hardly broke, actually much better off than most of my peers who often sadly can't control their spending very well. Working fulltime at a warehouse but I've been here for like seven years now and I feel like I could apply myself better somehow if I really put my mind to it. I actually tried searching for offshore rig jobs in Norway but they really don't take anybody without relevant experience. The pay is decent and whenever there is overtime available I try to book myself there, that's where the yuros really come from. Currently doing a double shift but wasn't able to sleep the night prior for some reason so I'm looking forward to getting home to bed.

>>57540250
Long oil, cash for metals. Miners are gay

>>57543747
Would be cool if you could get a roughneck job, but yeah, that "must have experience" bullshit is a big roadblock. In the U.S., there are lots of openings for entry level roughnecks and miners. It's a shame Europe doesn't have that at this time.
I actually did warehousing for years before getting into mining -- could do anything in warehousing, including run the warehouse. It's not too bad, but it's pretty boring stuff, and the warehouse environment isn't anywhere near as cool as a mine or, I would guess, an oil rig.
It's awesome you're so young. I sound like a dried up old geezer, but people such as you give me hope for the future. I hope you go far and reach your goals.
Wish you could come to the U.S. if you wanted. We need more people like you.

>>57543788
why is he anti miners?

>>57543902
The thought of moving abroad to the U.S. or Canada for work has passed my mind but I really feel at home over here in my own country. I suppose I haven't entirely closed that door but I definitely want to explore my opportunities here first. The market here is much smaller, and the people are rather conscious of their spending (except the younger populace who spend their money on vanity and short term satisfaction) unlike Americans who I presume are quick to swipe their credit card on a whim. That's why self employment is difficult here, but a trade would make finding work easy even if I made my own small company. People here hate spending money but they hire professionals when needed.

>>57543902
>No forklift certification

>>57541596
I love LIO but damn, I'm happy I sold the top at 1.44

I'll still rebuy it if they pay off their debt though, I really like their land package.

>>57544249
It's great you live in a culture where saving money is values, at least among adults.
And yes, I can totally understand wanting to remain where you are. I am super close to my extended family, so even though someday I'd love to travel to Australia or even Asia to do mining, it would likely only be a temporary thing.
Starting your own small business would be excellent, especially with a trade skill. Be your own boss and all that. It shows a lot of initiative to start a business.

>>57544379
I operated many, many kinds of forklifts. It was still boring.

>>57544142
Because they are all gay pump n dumps (all of them) and the mining sector is the most heavily manipulated part of the metals market so even the good ones tend to eat shit. He will occasionally go into a mining ETF if it becomes -heavily- stretched below the mean, but overall the stance is that Miners are a crappy business. Ask anyone here who works in the mining business.

You have to be autistically good at DD to make money in miners. There are like two or three people in this thread that I've seen make consistent gains by speculating on metals juniors who aren't just gambling or shotgunning. French Anon is one of them and he's glued to CEO interviews and has paid subs to newsletters that specialize in mining DD. Power to him. It's not for me though, I stick to memelines where I can't get diluted to fuck overnight by one of the "winners".
And very occasionally buy fracking sand.

>>57544610

>>57544641
>fracking sand
This guy fucks

>>57539929
-10,000% that's how I know we are winning!
Bayhorse is the CMMG pick based on world class DD and a mountain of the world's highest grade silver ore. We made it bros! We made it.

sometimes I wonder what the lurkers think when they read this general

>>57545496
>read this general
No one does that.

>>57545438

>>57545496
>>57545756
i like this thread. it has interesting content

Steel continuing downward, HRC was 944. Scrap at 475. I think it will continue downward, but I'll watch scraps movement for a reversal.

Steel stocks have been doing pretty good, but, I think we're seeing some rotation out of tech and maybe some people are rebalancing energy and infrastructure into their portfolio. I guess I'll see what happens when steel bottoms. I wish there was a steel ETF (spot steel, not steel stocks), because I might get stuck having to figure out futures trading.

>>57546559
Interesting that HRC has been going down. According to what I have heard now is a seasonal low season for coal as well, and coal stocks have been dipping. I took the opportunity to take an opening position in AMR today.

Also I bought some XOM because I felt bad about not owning any

>>57545424
Are you a forklift driver?

Pattison Sand, in Clayton, Iowa, mines fracking sand from the Mississippi.
Pay there is quite low, though. I once thought of doing it.

https://pattisonsand.com/

>>57546671
That's funny I bought XOM today also, for basically the same reason. Oil is just so fucking cheap right now. I realize it's supply driven, but at a certain point it has to just go nuts imo. I mean I'm paying the same at the pump as I did over a decade ago, basically. This will not last.

I expected HRC to go down. We're like 70% recycled steel in America, lots of it is produced in mini mills, scrap is going down, so steel should also. When scrap goes down, so does steel, roughly. I'd love to get some other anons excited about this relationship because it's so ridiculously correlated there has to be something we can do with this. Check out this correlation analysis I did, it took data from now until back to 2016. If you're not familiar with correlation analysis, basically 1 is perfectly correlated, -1 is inversely correlated, and 0 is not correlated. So scrap is .87 with steel! Lately, steel stocks have been on quite the run despite steel going down. When scrap starts going back up enough, I'll likely buy steel stocks and hope that they go up, but it's not perfect. I think there needs to be a bit of technical analysis (which I don't know) mixed with quantitative investing (which I'm doing in a very rudimentary form). But there is something here and I really think we can make some money at this.

>>57546671
>>57547432
Chart of HRC versus scrap. I mean the next step is really figuring out how this interacts with the stocks and we could have a little quantitative investing ring going here at /cmmg/.

Anyways, I'm on it every night as much as possible (and at slow days at work) trying to figure it out.

>>57547397
I invented the forklift

Wasn't this a /cmmg pick?

>>57546671
>>57547432
XOM is goat; been holding mine since early '22. Wanted to add at $93, but it only dipped to $96. These are decent prices, but my bargain rule of thumb is buy when forward divvy > 10y UST yield. In terms of the supply situation, the US economy may be limping along, but other developed zones aren't doing so well, which will weigh on demand. Also Africa & Middle East have lots of dollar debt which they finance by selling oil.

>>57547432
Interesting notes I see:
>X largely uncorrelated, possibly due to buyout prospects fixing the price on M&A risk premia vs market fundamentals.
>Natural gas largely uncorrelated except for oil, for which ng is a byproduct of extraction.
>Scrap has a slightly higher correlation than steel for companies listed

>>57548434
Back when /cmmg/ started, we thought pm's were on the precipice of breakout. I think a lot of the oldies didn't really anticipate the dollar strength over 2022, and silver is still having a rough time. That said, now is a pretty good time to bargain hunt in the silver space. I think many expected to join a sprint and didn't realize it was a marathon.

>>57547432
I think I'm alright at TA, but it's more a probabilistic art at price point potentials. Price is a function of prevailing narratives and shifting expectations. You start with a fundamental thesis and use TA to make reasonable price predictions based on that narrative. In many ways it leans into /x/ skills, like astrology where you look at a birth chart for certain elements of the story that's going on. I've stopped using moving averages since they're backwards looking and already "baked" into the candles. If there's a specific ticker you want TA read, throw it out here for any anon or I to take a look at. TA is something that just takes practice: looking at charts every day, drawing lines, placing fib overlays, making projections/predictions, and seeing how accurate you were. But it means little without knowing the fundamentals & macro.

>>57547433
Nothing for investing in the site

>>57548691
The thing about scrap is that it leads steel, versus if I graph scrap + CLF, for example, it correlates greatly but scrap doesn't seem to lead enough to give me clues as to when to buy. So I'm stuck at the "I see scrap moves before steel, but how do I translate that into what stock to buy?"

I think the answer may partially be learning some TA in combination with knowing these correlations. I don't know where to start though, are there any good tutorials?

>>57548691
part of the problem with First Majestic Silver to this day is their utterly piss poor management. For a while there it seemed the company was running on autopilot as corporate really didnt know what to do with their assets. Its a massive shame too because they have some pretty good properties and projects to work with.

>>57548814
So prices are forward looking. Since scrap seems to be an earlier indicator of steel demand, then that may be why the companies are priced more closely alongside scrap.

If there's anything I've learned over the years it's that there's someone somewhere already doing a quant strategy professionally. The best edge us retailers have looking at bigger timeframes. Quants will arb volatility around "fair value" given input data, such as scrap you're pulling. They're the ones market-making with high-frequency algos. The next step you need to take from a TA perspective is learning how to analyze scrap to predict where it might go. Look at different timeframes: daily, weekly, monthly. Look for trends and try to piece together a macro story that fits the timeframe.

>how do I translate that into what stock to buy?
I think this is more a fundamental question than a TA question. FA seems to be your strongsuit, so I'd lean more into that. The market rewards using your personal edge. If you start watching scrap, then the next step may be to fundamentally analyze companies by their involvement with processing scrap. Which have the most efficient foundries? Which have the best marginal profit from scrap to finished product? FA involves going beyond the price and digging into financials and presentations to find the data you're looking for. You've done the regressions on stock prices, but next is looking at companies' details.

I take a bit of a measured approach, and know if that if I like something generally, but haven't done the hardcore FA across companies, I'll buy an etf and not worry about specific stocks.

>I don't know where to start though, are there any good tutorials?
In terms of FA, just start reading through financials tab on tradingview, and explore company websites for that truly deep info dive. If you encounter a term you don't know, read about it on investopedia.

In terms of TA, there's lots of snake-oil "gurus" trying to sell courses. (1/2)

>>57548835
The cult of kEiTh

>>57548835
Thanks for the insight. One of the more expensive lessons of the market, learning how important good management is.

>>57548920
(2/3) TA at it's core is looking at a history of different information about the price movement of a stock. Different dimensions of analysis give a more wholistic picture.

Candles are good insight into price action and how the market acts around certain levels. You can read about different candle structures to learn candle analysis. General structures over time are some form of wedge, channel, or broadening funnel. Entry direction and tilt give some extra insight into potential exit/break direction.

Then there's volume analysis, which I like to think of as a "confidence vote" or "participation". For example, falling volume on increasing price usually signals that there's less confidence in the increasing price. Or large volume on a top/bottom can signal a reversal as more capital is now "voting".

Then because things move in percentages, fibonacci retracements can be useful in projecting certain moves. Alternatively, just copy the magnitude of a structure on the logarithmic scale.

Getting into the more esoteric, you may start to identify fractals. I'm not sure why it happens, but it's probably something to do with percentage moves, human nature, and all the algorithmic agents. When fractals converge, you can get powerful movement as a new pattern emerges.

There's also Key Levels of Significance. These are historically important price points and psychological prices at times. Gold @ $2k for example.

I've mentioned a few threads ago about ratio investing, such as steel/gold and seeing if there's head/tail winds behind upcoming moves.

Overall TA is just looking at charts from different perspectives to try to understand the hidden information of the market participants and what they think will happen in the future. It's never 100% accurate, but it can ground your expectations and produce realistic predictions.

>>57548737
No, I think it's a private company owned by a family. Sorry

>>57548835
Do you think there is a lack of competent management among mining startups and small mining companies? If so, how could society, hypothetically, develop a sort of brain trust for mining entrepreneurs?
I'd love to see more mining ventures succeed, but as you say, many are sunk by poor management despite good fundamentals.

>>57549013
(3/3) But we're in /cmmg/. The most important thing is the macro. You can see the price of scrap moving, but the next step is predict where it will go, and how it might move. Then after doing your FA research on your chosen steel stock(s), you can make appropriate moves. TA is just to work out some of the details on those moves for a better of idea of what to look for, when to buy or sell. But your actions are underpinned by your macro thesis, such as "I think steel companies are good because reshoring and infrastructure investment will is incur more steel usage", and further solidified by your fundamental analysis. Then you have your general directional bias and look for queues in the charts of when a good opportunity may present itself.

When starting out, try small amounts until you get the hang of things. It's a lot different once you have skin in the game and emotions will try to cloud your judgement, which the FA and TA are supposed to support. And if something goes the wrong way, take it as a learning opportunity. Losses are the tuition of learning from the market.

>>57549048
its not just small miners and explorers, the whole sector seems to be plagued with "general management" from corporate schools who have no real understanding of the job or role their operating in. For example, i ve been chatting with friends recently working at the Blackwater mine in central BC, operations are running well on paper for the non insiders, but staff constantly complain about all sorts of issues around how things are actually operating. The projects gone through over a dozen middle managers in a year and a half, and executives seem to come and go every 6 months, and the projects already burned a billion dollars 4 months faster than schedule. The people in these positions have no framework on how a mine operation is supposed to work, so they manage it as they would any finance corporate gig, and it hurts everything all the way down to the bottom. Mining doesnt seem to promote staffers from the bottom up anymore either, corporate wants corporate types behind the wheel, not the general staffers who make the projects actually run.

>>57548136
Does it run on URANIUM?

>>57549198
>Mining doesnt seem to promote staffers from the bottom up anymore either, corporate wants corporate types behind the wheel, not the general staffers who make the projects actually run.
This sounds exactly right. Promoting bright miners and engineers to executive positions, perhaps with the stipulation they get an MBA or some education in business and finance to supplement their technical expertise, would help a lot.
And of course it's not just mining where the corporate types prefer only corporate types. It's all sorts of industries.

>>57549367
i dont know when it happened but this seems to be everywhere in heavy industry as a whole all of a sudden. A lot of older people left industry at the same time, and left a gap that was filled with people with nearly no experience in the field they were hired for.

>>57549387
I think the attitude that segregates corporate types from the workers is shared by both the corporate types and the workers. For example, I'd like to do an MBA and get into the acquisition side of my company to expand it. I have the brains and personality for it. But since I'm a miner, my own higher foremen are rather against this. It's almost like they trained me to be one of them, or among the best of them, but not to rise to that "other world."
I really think blue collar and white collar mindsets have reached a point where their members define their identities against the other and want little to do with that "other world," at least for the most part.
I will still push to rise further and work on growing my company as much as possible, as directly as I can, but there is pushback from within my own ranks, and not as much from the top.
The blue/white collar divide has gone too extreme and is making businesses closed minded and potentially defective.

>>57547432
For me XOM is just a deep value play, it's just too good not to own even if oil goes sideways or down a bit.
>pic related
delightfully autistic and good work with that correlation analysis anon. Very interesting. I suppose if we could know what drives scrap price movements we could forecast steel lows and highs and therefore make good entries and exits? Although if EAF steel mills buy scrap for use as feedstock then wouldn't low scrap prices be good for the steel producers? One other thing I think has to be considered is electricity costs as EAFs are very energy intensive, so that must also affect company margins. We need to figure out when company margins are best and when they're worst in order to make educated buys (buy when the margins are low and the stocks are sold off, sell when margins are high). Obviously the equity price movements can sometimes also just be due to market expectations or valuation or whatever, but that's why I think the focus should be on company margins instead of price action, to dispel the noise and focus on fundamentals
>>57548434
Ironically First Majestic is now a justified buy. Still not very cheap though.
>>57548691
That's a good buying strategy for XOM. I think the price is ok now too though. They can grow their dividend like 12% a year or something silly like that. Deep value, buy on dips. Coal too, deep value, buy on dips.
>now is a pretty good time to bargain hunt in the silver space
100%. Especially good silver developers with large low cost projects. Super cheap.
>>57548835
The market has rewarded FR's poor management with an absolute pummeling.

>>57548920
>The best edge us retailers have looking at bigger timeframes
This is what it boils down to. We can dance around doing fancy analyses but in the end in this cyclical commodity space it doesn't get much simpler than this: buy high quality and low cost companies or projects in a sector when they're out of favor or mispriced, and HOLD TIGHT. This is what they mean when they talk about time in the market versus timing.

>>57549088
You may not even have to predict where commodity prices go. As long as you have an idea of the underlying supply and demand fundamentals of the commodity, you should have an idea of whether that particular commodity is cheap, expensive, or something in the middle. For instance, nickel is in oversupply and mines are closing left and right. It's therefore overvalued and nickel equities are also not a buy right now, maybe later this year or next year.

>>57549779
i completely agree with the divide as your describing it, but i think there is another layer of simple ignorance of how things are done going on as well that wasnt there in previous decades.

>Kazatomprom supply issues
>Cameco cant meet demand or honor contracts and loses money
all roads lead to africa. I dont even understand how to value real mining expedition costs other than to trust the reports.

>>57549198
>>57549367
It honestly seems like there's a skilled workforce/competency crisis in mining right now. Maybe part of the reason is because all of a sudden the market for metals has gotten better and a growing amount of employers are competing for the same pool of workers. I've heard about the issue of hiring skilled labor in mining (and o&g) but I have no idea how big of an issue it is. It's certainly one of the reasons costs are going up though, having to compete for labor and having to compromise on worker/middle management quality.

>>57549893
contractors have been begging provinces to partner up to train new staff for at least 2 years now, but only a few have gotten the memo so far. CMAC have a new training school / stope school in the works in BC which should get announced in 2024 but no specific dates set. Procomm Mining are trying to poach anyone they can for a number of projects too.

>>57549858
Exactly. People are leery of what they don't understand.

>>57549868
Cameco is increasing production and crashing this bull market with no survivors

>>57550253
Cameco and Kazatomprom need like two years to get production growth going. Maaaaybe one year for initial growth. They will get there, that's inevitable, but it'll take time.

Lots of VRIC videos.

https://youtube.com/@vricconference?si=QUl5N9bhIYYuatqi

AMLO proposing constitutional changes, among them a ban on fracking and open put mining in Mexico. His term is ending soon but his party is likely to become a strong majority party next term, so some of these proposals may pass. Better keep a careful approach in miners in Mexico, I'll make sure I'm not too exposed to the country.
https://www.bnamericas.com/en/features/amlos-constitutional-reform-package-one-last-attempt-to-do-it-all-at-once

>>57550627
>Mexico
I keep telling anons not to put money in Mexico.

>Muh impact silver, he's a based Boomer
>Muh first majestic call options when silver goes to $200
Even Keith from first Majestic knows Mexico is shit and has been diversifying out of Mexico and buying properties outside of that country.

The only hope is if they elect a person like nayib buklele but as far as I know there is no ultra based libertarian running for president. If someone was and going to win, there would be a mad rush to invest in Mexican mining.

>"Things will change in the mining sector in the coming years. According to Prime Minister Christian Ntsay, the start of around twenty projects is planned during the five-year term. Two of them could even start this year, again according to the head of government during the presentation of the General State Policy (PGE) to parliament last week."
Things are about to start happening in Madagascar. What are your picks? Base Resources (BSE @ ASX) is the obvious one, if you don't have a heavy mineral sands miner in your portfolio, this might be a good option. Either as a short term play (buy the rumor, sell the news) or a long term play (60-80% dividend yield on cost for 30-40 years).

>>57550671
>>57459157

>>57550671
I fucking love Mexico as a location for miners. There are jurisdictional risks but I can play around those with diversification and position sizing. I'll take some off of my Discovery Silver position since they have a large open pit project, to account for this new risk, and I can put that money into other companies either in Mexico or elsewhere.

But hey then again I'm first in line to invest in Africa too. Different folks, different strokes

>>57550683
>Madagascar
Really, you're going to have to that.
>Base Resources
Are you here to pump and dump. No one comes here and people ran out of money over that last 3 year bear market in mining. Go shill on ceoca.

>>57550766
>you're going to have to that.
You're going to have to sell that to me.

>>57550683
I don't yet have any rutile/ilmenite producers but I have been getting some tentative interest in mineral sands. I have only briefly looked at Sovereign Metals, I'll take a look at Base Resources too thanks. These are long life assets that could as you say bring robust cash flows over time.

>>57548434
Somethings gunna pop soon..

>>57548920
>>57549013
>>57549088
>>57549857
Thanks for such a thoughtful response. I'll keep at my FA and try to find the least snake oil TA channel to start learning a bit of that to help with entry and exit points.

I see what you mean about quant work, but I think having some basic understanding of how things are moving has helped me understand the market more. I'll keep at the FA and of course report back to everyone!

>>57551512
>the least snake oil TA channel
Ira Epstein
Gary Savage
There are others of course but those are my go-tos.

>>57551541
Those seem pretty snake oil lol, but thanks. I'll check them out deeper.

>>57551854
>Those seem pretty snake oil lol
That's just the nature of the game. If you're looking for a channel that doesn't shill itself or its services you'll be looking forever.

I've made money off both of their calls and helped other anons ITT make money based on what I've learned from them having used their paid services.

You don't need to pay them to learn from them of course, but they are legit in their tools. They have solid TA and are worth learning from if you want to expand your own TA.

>>57550683
Okay I looked at the company. It's interesting. Their Kwale mine will be operating until year end and then moving onto closure. They have A$142MM in cash and no debt, and the market cap is A$188MM, making the EV A$46MM. Obviously they won't be making more money and keeping up dividend payments after the Kwale mine is closed, so the focus is on the Madagascan Toliara project. The fundamentals of the project are a screaming buy: the combined mineral sands and REE project has an initial stage 1 capex of US$591MM and stage 2 capex of US$137MM. The IRR is 32.4% and it has US$2B after-tax NPV at a 10% discount rate with a 38 year mine life, making >US$300MM in average annual free cash flow. Truly astounding numbers especially for a company valued so low.

However what gives me pause is this: back in 2019 the government suspended the project indefinitely when it was nearing construction. The reason? Vehement local opposition. According to what I read, 40 locals had formed a mob and they vandalized and burned down the project exploration site, and were given lax sentences in court to boot. The company is now in talks with the current government and apparently there is political will to get it online, but not only does that not convince me of local approval, the current government is also considered illegitimate by some it seems. I don't really mind the government issues since they do seem genuinely constructive, but if the locals fucking hate the project it will be difficult to get it operational. I am considering speculating on them getting it online but it's not a sure bet because of local opposition.

bump

>>57551854
Not snake oil at all. That is cold hard ta from experts who have been in the field for years. Ira offers educational courses for like three hundred bucks that teach you all kinds of shit. It's something like 40 hours of video. Gary offers for 75 bucks a month a blog where he makes like one or two posts a day.

I know this sounds like a shill post but it's not. These guys are multi millionaires. Ira epstein is a household name in Chicago. These guys are basically giving away the shit and their teachings are instantly profitable. I almost don't know how they make money doing it or how it's even worth their time.

>>57554815
>Gary offers for 75 bucks a month a blog where he makes like one or two posts a day.
Imagine clearing $2/day from 1000 subscribers

Am I too late to get in the Uranium train?

im considering taking the rick rule online course since its him showing previous conferences and him talking about why his plays are a good idea could be good but idk anyone whose done it before. he made a vid about what to specifically ask companies about their projects. I used it to chose my uranium play
>>57555268
im convinced its still viable I bought more yesterday but I am trading and will get out if deep yellow goes lower than 1.37

I want to thank the oil bros for this beautiful February day.

forgot the video https://youtu.be/x5qORHTe2Mk?si=vXuezm3Em7NkuTzh&t=121

>>57555308
I've signed up to Rule Classroom and watched some of his free classes as well as participated in his live streams with Albert Lu. It's free. If I was richer I could also attend his bootcamps... or if I was slimier I could attend them and abuse that money-back guarantee.

>>57555555

>>57555690
is this the signal for the gold bottom?

>>57555323
These temperatures are great. I could sure go for some more of this global warming.

>>57555522
what did you think of it? learn anything more than whats in the public videos? I like his rule classroom vids which ironically get less traction then some "red pill finance" asshole asking "what about X company rick?? :O thanks wow!"

>>57542465
I think what I meant to say, or the distinction I meant to make, is that Peabody actually owns mines and has lots of offices overseas in Australia, whereas Alpha has mines only in Appalachia.
From my perspective, if I jumped to Peabody, I could transfer to Australia if coal went belly up in North America yet remained active in Australia to supply the Asian market. But I can likely do that from my own company right now if it came down to it. I am pushing hard for us to open an office and set up contracts for maintenance of Australian coal mines and other mines. I'd love for either us or Peabody to get set up in Indonesia too.

>>57555911
The live? It's just Rick and Albert talking about the resource sector a bit and then for the most of the stream answering questions from the comments for as long as the stream goes on. There are lots of "what do you think about X company?" type questions but also higher level kind of questions, and importantly you can get your question answered in real-time provided you get it out there fairly early on so the stream doesn't end. In short it's more of the same that you get in his interviews but with an extra layer of audience engagement. The classroom videos are much more valuable in terms of education. I keep hearing the bootcamps are the best primers for a given sector but I don't have money for them, or I rather spend the money investing.

Something a little different, miners working on Thibert Creek in the Dease Lake Region of BC. Around 1935, its very interesting seeing some of the gear they were using, very different then what i expected you would come across in the era.
https://www.youtube.com/watch?v=ixJZXwDGd_Q

>>57556847
Very cool stuff, thank you.
I once saw a photo of an Australian coal miner wearing boots, khaki shorts, a short sleeve t-shit, and his hard hat.
I wish we could wear shorts in a coal mine (many mines allow t-shirts or other short sleeve shirts already), since my body runs hot and I like to keep cool.

>>57555772
i hate hot weather. i choose to believe in global cooling. we need to burn more coal to make the planet colder so i can be more comfortable in summer.

>>57552268
There will always be some opposition to a project this size, I think people are especially wary after their experience with Rio Tinto. And yet, Rio Tinto is still going! That being said, I believe BSE will be more considerate as Toliara will be their only project, they have demonstrated this in Kenya after all. In the past year, I actually saw more acts in support of the mine, but I guess the mistrust will not go away until the mining has commenced and benefits have reached the people. Not a sure bet, but a bet that has such a high payoff that I have to make it.

>>57558258
I'm not fond of hot weather either, but super cold isn't that fun either (though I'll take winter over summer). Even if global warming is true, it'll mean the polar lands become much more inhabitable and usable -- in hundreds or even thousands of years.

>>57557464
And being comfortable and cool while doing physical work is no small thing. It's very important to long-term health and productivity.
If I could wear shorts in a coal mine, I'd do it on all the warmer days. Sure, my nads will get coal muck on them from crawling under belts, But I always shower after a shift anyway, so it's no big deal.

>>57558272
I hear you. The potential payoff is enormous so I can't blame you for speculating on it being brought to production. I'm just wary of any project where there is strong local opposition. I think it was AngloGold CEO who said something along the lines of "if there's local opposition, you can double your capital expenditures and still won't get the mine operational". It's a truism I think, so I always would like to see that there is local support. Even with governmental permits in hand the locals can bar the project from moving forward or resort to extreme measures.

All that said I'm still very much interested in the company as a speculation

>>57558424
>>57558272
ah found it on my computer's files. I think Mark is speaking from personal experience.

bullish

>>57559186
doesn't seem like it's going up for any material reason right now. Is this just a short squeeze?

>>57559402
https://stocktwits.com/symbol/TELL

>>57559561
that doesn't answer my question at all, only tells me that sentiment is exceedingly bullish for apparently no reason.

>>57559579
sorry, too busy to properly discuss
see >Driftwood

>>57559691
there has been no material news on that front though, just some upstream asset sales. Sometimes I wonder why retail begins buying or selling things all at once without anything happening in the underlying business.

Lots of great deal out there right now. Lion One is also at a good entry, just depends if you’re willing to get fucked at a moments notice by PPs as had been the case many a times.

>>57554815
you have to watch and digest 40 hours of material in a month? are they downloadable?

Oh, noes, I-80 broes!

>>57560035
Maybe the prairie nigger who poses as a Mexican will come to the rescue.

>>57560078
Maybe he can belly flop in here and splash out the 178 billion gallons.

>>57560078
This guy is so annoying.
I watched the Benton interview with him and he kept interrupting the CEO Steven Stares many times and Stephen looked visibly annoyed.

https://www.youtube.com/watch?v=RRln83b6n0A

Every generation, the powers that be trot out the same climate change fearmongering to scare the bejesus out of the upcoming, younger generation. 15-20 years ago there was talk about the shutdown of the thermohaline circulation leading to an Ice Age in Europe.
Now there is this:
https://www.theguardian.com/environment/2024/feb/09/atlantic-ocean-circulation-nearing-devastating-tipping-point-study-finds

A rehash of the same old shit, just like how they pulled environmental doomerism in the 1970s and Peak Oil back then too, then brought it back in the 2000s.

Well, if Europe is headed for an ice age, then it seems the cure for it is global warming. Yes, the cure for climate change -- if it happens, and whether or not it is anthropogenic (just speaking hypothetically) -- could indeed be global warming.

What irony!

>>57539929
100% BTC ETF

>>57559850
Scottie just finished a solid drill season with numerous 100+ g-m holes, they just didn't get any giant 400 g-m hits like last year that get the market excited. A lot of upside at the current sp.

>>57562106
Still needs a lot of work to get that 2km+ trend proven up. Could have 2-4Moz Au I think, but it will take time and money.

The coal industry has been severely damaged by government policy, losing easily tens to hundreds of billions of dollars in lost business over the past 15 or so years. This loss was decided mainly by politics and the "climate warriors" defaming and vilifying coal.
So can the coal industry sue the federal government for the sabotage they've committed for, say, $500 billion?
Any lawyers out there know if such a case could succeed?

>>57562316
It would be an uphill battle I think

CRAWLING IN MY SKIN

>>57562442
>Fresh 8-year weekly closing low for the HUI Gold Bugs/Gold ratio - the last time it was lower than today was January 2016, the $GDX went on to rally more than 100%over the next six months.

>>57560807
Yeah, look at his own company, AALI, which has been halted for four months on account of it not filing it's financials. Before the halt, he had his buddy @RocketRed pump AALI based on the lie that it would get a Mexican government contract for lithium. Allan Barry Laboucan is an outright scammer.

>>57562531
>pic related
bullish for commodities. wagmi

>>57562442
>>57562479

>Cocoa

>>57562563
Keep dumping miners please.

>>57539919
did I fuck up?

https://oilprice.com/Latest-Energy-News/World-News/Venezuela-Sends-Military-to-Guyana-Border-Over-Oil-Dispute.html
Venezuela wants to annex Guyana's new oil riches

>>57539929

Do we have the frac sand chad here in the thread? What do you think about the current market environment for the sector? I'm totally clueless about oilfield services but I think drilling in NA is going to ramp up in the coming years and fracking materials and services providers should benefit, but I have no idea how the sector or the companies operate

>>57563165
Lassenigger here
I have no idea about anythi g recent. Been out of the loop.
But a big study was done and you can read people's commentary of it for free but the study results are thousands of dollars.
I'll archive and drop a link for you shortly
Gotta fire the laptop up and drink some coffee

im going in deep and long on uranium

>>57563785
>Not buying the absolute top
How did you find this thread?

>>57563785
>>57563795

>>57564161
God I love this man, bless this bald used money sales man. He is one of a kind.

>>57563069
>>57564161
rick admits he doesnt know how to trade and one of the ones he still is holding is deep yellow, they ran by the one and only man to ever go from junior miner to production in the world

>>57564203
Forget Paladin? Or did Deep Yellow CEO run Paladin back then?

>>57564213
John Borshoff founded and ran paladin, then later saw a supply issue and rick rule funded him the capital to take over deep yellow in oct 2016
ACHIEVEMENTS
-

• 2016 Managing Director of Deep Yellow and substantially revived outlook of company with new growth strategy.
• 2014 Paladin was the first non-Canadian uranium company to gain rights to have majority ownership and to manage a uranium mine in Canada. This was given after exhaustive submissions and interrogation and passed by the Canadian Federal Government by special resolution.
• 2011 Founding member of the Australian-African Mining and Energy Group to service growing resource industry on the African continent.
• 2009 – 2015 Elected board member of the Mineral Council of Australia, the premier industry body representing mining in Australia federally.
• 2009 Ernst & Young ‘Australian National Entrepreneur of the Year’ Award for the listed company category.
• 2007 Core founder of the Australian Uranium Association, a group focused on improving the standard of operation of Australian mining and exploration companies through good governance and education and introducing a code of practice.
• 2004 Dual listed Paladin TSX.
• 1993 Founded Paladin Energy Ltd/listed ASX 1994

>>57564253
Impressive track record

>>57564200
>>57564203
Guys like Rick make it look easy
>get positioned
>pump with bootcamps and videos
>sell
>boast

>>57564427
You underestimate his prowess. He doesn't need to pump anything, and what he says doesn't move futures markets or make companies any more or less unsuccessful. I think it's unwise to dismiss his success as "pumping". He is simply better than most at investing and he positions himself years in advance while nobody cares about a sector. He is now talking about nickel and PGMs, and I intend to begin positioning myself this year for a multi-year wait for recovery in those markets. It's funny seeing all the jealous trash talk and hate from contrarians who dislike him because of his success and popularity, when he has clearly demonstrated that he is not all talk with his uranium prediction being successful for example. He's also a strong advocate of gold and silver stocks right now, and I concur

Like what do you expect him to do? Not answer questions? Not talk his book? Not sell his positions when the cyclical opportunities have left? Not buy low? Just leave the ego at the door and try to learn from him!

Venezuela wants to annex Exxo- I mean Guyana

>>57564469
>nickel and PGMs,
Shill me some PGM and nickel stocks.
The PGM ones I know: CTM.AX, IVN, PGE.V and BRVO.V
Nickel stocks I'm aware of: NIC.AX, IGO.AX

>>57564549
ExxonMobil's market capitalization is larger than the combined GDP of those two countries.

>>57564469
The Bill Ackman of resource stocks, stealing from retail

>>57564551
IVN
CTM
BRVO
NIC
shit you already know the good ones. I suppose SBSW but I would like to avoid South Africa at least until after the elections are over and they hopefully sort out their infrastructure problems.

I wish I could just buy Norilsk Nickel.

>>57564570
Very low IQ and jealous take. Just learn from him and improve. He has lots of things to teach for free as well, if you're willing to learn. It's ridiculous to blame him for buying low and selling high.

>>57564578
>shit you already know the good ones
I did my due diligence, I was just wondering if there's more out there for diversification purposes.
>SBSW
How's the situation in South Africa haven't look at it in while are they still "load shedding"? Also if you're considering SBSW are you considering Anglo American Platinum plc?
>I wish I could just buy Norilsk Nickel.
Same.

>>57564615
>I was just wondering if there's more out there for diversification purposes.
I suppose if you don't mind large miners like IVN, Glencore and I think BHP have some nickel exposure. First Quantum also has two nickel mines but they're not even close to the lowest cost quartile so they have closed at least one of them for now.
>SA
yes they're still load shedding, and yes they still have issues with their rail infrastructure. Political tensions are high and the corrupt ruling party may be overthrown by a new, more extreme party after the next election. It is as close to a failed state as you can get, and even I am wary of investing my money there, and I'm first in line to invest in Africa
>Anglo American Platinum
Haven't really looked at them but I think they're a higher cost producer than SBSW and more exposed to SA. SBSW has a little bit of PGM production in the USA with the Stillwater mine.

>>57564658
Just saw there's a Sprott nickel miners ETF going to go through those companies, hopefully there's a few good ones.

>>57564682
Oh, actually. I do know a few others worth following! Lifezone Metals has the world's biggest nickel project in development and also is working on a PGM recycling solution. Partnerships with both BHP (for the nickel mine) and Glencore (for the recycling tech). Canada Nickel Company is also worth looking at, it's a buy at the right price I think. And Alliance Nickel has promising looking nickel projects near Glencore's operations in Australia, but that one seems a bit uncertain to me for some reason.

Also VALE has nickel exposure alongside their usual iron ore business.

>>57564695
Thanks for the tips.

>>57564741
Correction, Lifezone's Kabanga is in fact not the biggest but one of the biggest and highest grade. CNC's Crawford is the biggest by reserves.

>>57564570
bill ackman went on tv crying that the market was doomed during coof crash when he was actually buying calls and faang stocks. rule straight up says these are the best in his opinion after he bought them I and tells you their value in his opinion there could not be a bigger difference. having said that again rule has said he doesnt know how to trade. deep yellow hit a 4hr 50sma and closed gap and found liquidity all at once and retraced back up ~5%. there is good opportunity it continues up if not lose below 1.36 on DYL

>>57550253
That hedge book is disgusting holy shit.

>>57564549
ExxonMobile probably has the funds to field a mercenary force larger than Venezuela's armed forces.

>>57566367
to be fair the U.S. Marines will be there in a heartbeat if Exxon's business interests get threatened

>>57566416

>>57562410
Most things worth doing are an uphill battle. Especially if the doctrine of Chevron Deference is overturned, I think the coal industry should try such a lawsuit. The coal industry in the US has been gravely damaged by the regulative/administrative state.

>>57566717
iconic essay. Still true to this day

Coal lump, coal bump

>>57568121
grave?

>>57568292
As far as I know it's just a monument in honor of coal miners. Would be a cool headstone, though

why don't you guys just stick to O&G royalties game?
>muh oil company stocks
markets favor the MAG7 and oil company stocks have capex to pay. Why not straight up own a stake in the land and have others pay up?

I have for the past few hours been studying this little rare earths developer with a project in Brazil. It's a new area of the mining sector for me so it took some time adjusting to the idea and figuring out what the potential value of the material is, as well as understanding how a project like this works. Not exactly like your typical oxide heap leach gold project or electrowinning/concentrate copper porphyry open pit. Anyway technical things aside I think I'm falling in love with this project. Every time I learn more about it, it starts looking more like a nobrainer. The company's called Meteoric Resources. I'll do some more DD over the weekend but for now it honestly looks like I'll have no choice but to have a long position on it. Good night all

>>57564469
That's it. I'm signing up for his bootcamp

Coal lump, coal bump

a bit of highgrade posting since i cant sleep.

>>57570092
Very pretty stuff
Minerals get my rocks off, so to speak

bump before bed

>>57570092
damn that's super cool. yeah I can't sleep either, my girlfriend told me she is pregnant and now scrambling to figure out what the fuck i'm supposed to do.

>>57560031
>you have to watch and digest 40 hours of material in a month?
He is misremembering. The course is a little over 6 hours and you have a month to access it.
>are they downloadable?
No. But nothing is stopping you just screen recording it like I did for your personal records.

Ira has a new updated course coming out soon I believe, if it's not out already, so might be worth waiting for that one. I plan on taking it at some point.

>>57570754
Congratulations

Eating a "laskiaispulla", a traditional Finnish holiday pastry eaten before Easter, while continuing my DD on Meteoric Resources. I stayed up way too long last night and as a result overslept. Looks like tonight might be another all-nighter right before morning shift. Good Sunday all

>>57571895
What's it like?

>>57572300
Has whipped cream and jam inside. I could barely finish half before having to take a break from eating it. Eating this on a daily basis would give me diabetes and/or a heart condition. It's tasty and sugary but also very "fatty". Truly a treat only to be eaten once a year.

>>57570754
congratulations anon!

>>57572349
>Has whipped cream and jam inside
You'd like that, wouldn't you? You fat fuck, fucking fat fuck! Freak!

>>57539929
ARX
LIF
XOM
NXE
SIL
CNQ
ENB
NTR
ADN
VTI

>>57572349
Do you know the difference between jelly and jam?

I don't care what anyone says about Rick, this lil nigga made me an easy $5k on Uranium

>>57572612
IT'S ONCE A YEAR OKAY LET ME BE FAT THIS ONCE
>>57572777
Yes. It's jam.
>>57572738
Gooc picks. I own some of those. SIL as is Silvercrest or the ETF?

>>57572850
Silvercrest

>Mexico

>>57573704
mexico, why are you like this?

>>57572847
You paid for the bootcamp and shorted his picks?
Smart

>>57573905
Because of Mexicans

>>57573905
>>57573967
what he said

I know enough to be cynical about rumored "moonshots" in this space, but I am definitely going to be dumping some of my free cash into BEX on the regular. I think this one is going to move.

>>57574191
You talk like the guy who is constantly shilling that very same company like a shitcoin pumper

Strange

>>57573704
I'm mexican, I'm a geologist.

junior mining companies are shady boomers who have created zero goodwill in the country.

It is Mexico's fault though for not making the country suitable for major mining companies, so shitty junior mining companies come fill in the space.

I have been trying to report this kike https://mineoro.com to the IRS for hiring illegal Mexican geologist who work without work permit and only a tourist visa but the IRS website doesn't fucking work https://apps.irs.gov/app/digital-mailroom/referrals/f3949a/business/ if you know anyone hiring illegals report them to the IRS department of labor doesn't give a fuck

>>57571215
>>57572577
Thanks. My sister and dad think my gf purposely stopped birth control to get pregnant when she knew I didn't want a baby.

Steel at 945, scrap at 460.

>>57574467
i never really understood why mexico never opened up to the larger scale miners, but then again mexico has a solid history of nationalization.

>>57574467
Geology rocks, but geography is where it's at

>>57574586
Congratulations, Mr. Steel.
Do you have a decent paying job to support a family?
Any interest in working in a steel mill or in a mine?

Premium nickel resources (PRNL) is expected to release some monstrous nickel-copper drills next week or two. It's probably already priced in, but they could be best hits in decades

>>57574872
Unfortunately, I'll probably never meet the child. I'll support it financially, but I feel like I got trapped in this and wasn't given any say in the matter - and I don't want to be a dad. BC can fail, but, the timing is very off ( a month after I told her I don't want kids). Then, I wasn't given a say about keeping it or not (which, I understand some people don't believe in abortions and I'll terrible for wanting her to get one). To integrate into her family after this distrust would be hard. Florida it's 5% of your income, with some adjustment for whatever she is making. She claims she won't want any help, but, I have a feeling she'll change her mind shortly. I know this makes me sound like a terrible person, but, it's kind of one of those circumstantial things that's hard to explain. I'm having a rough weekend, and, likely will be pretty beat up for a long time. I'm going to roll with the punches and maybe something will change, who knows. :/

It would be fun to work in the steel industry, currently I work for an engineering firm.

>>57575107
I totally understand where you're coming from. I never wanted kids either and am married, effectively, to my work. I can see wanting to focus on things other than having children, and it's awful she did this to you after making it clear you're not ready for children.
Pittsburgh is the place to go for a steel career in the United States. For all the offshoring to China, there are still steel mills in the Pittsburgh area. With an engineering degree you could likely find something if you wanted to and were willing to relocate.
I wish you all the best. Please try to have a decent day, Mr. Steel. I respect you quite a bit for your strong interest in something so useful.

>>57575107
And I don't think you're a bad person at all. Some people are just meant for things other than wife and children. I'm totally in favor of whites having more kids, but many aren't ready or have other important things to do with their lives.
How I square this -- having no kids, but believing whites should have a future -- is by helping out my nieces and nephews.

>>57575359
>>57575423
Thanks anon, I appreciate the understanding and support. Yeah, I feel really hurt by it. I'll keep at steel even more now that I'm single. Maybe it'll take my mind off things too.

>>57572847
>he thinks its over
my DP doing a lil sumin rn if it works in next hour or so could got back up lower high before the cameco FUD

>>57575107
then why were you fucking? you retard. youre being a bitch right now and creating more problems

>>57574609
same anon here.

It is not that Mexico did not open up. it did open up, all the boomer mexican geologists guy trained with BHP and other major miners.

The problem is that the majors saw that Mexico is a stupid and lawless when it comes to rural areas, where the minerals are. So they saw their property rights would not be respected (thefts and extortion) so they decided to say fuck it and go somewhere else (Earth is big, lots of minerals in other places.) that left the juniors who are more willing to make deals with cartels and lose shareholder money and try to extract every cent they can.

I don't know who to tell because no one gives a shit but dynaresources in San Jose de Gracia is in a deal with the Sinaloa cartel.

Mexico is dumb, the guy they put in charge of Litio por Mexico is some nepobaby with no STEM background. The Servicio Geológico Mexicano is a bunch of idiots.

It is a shame because there are great Mexicans out there, but they are dragged down by the corrupt and stupid.

I say all this because I am leaving in March(not to USA, Europe or any place that speaks English).

>>57575710
Keep at what you're passionate about. It could take you a long way since you have brains and dedication. Feel free to chat with me any time about what's going on in your life, Steel Anon.

>>57575910
I find it so sad that Mexico still has so much poverty. Mexico is a resource rich nation with, from what I have seen, a lot of hard workers. If Mexico had the political will to tackle its corruption -- which might take a charismatic and ruthless strongman, like in that Central American country (can't recall which one) -- then Mexico could be a very wealthy land, as it deserves to be.
Mexico has all sorts of goodies under its soil, good farmland, and a population with a work ethic. There is no good reason Mexico should be impoverished; the reason is corruption.

>>57574213

this is my first cmmg post in a long time. If there's another guy, he isn't me.

I think cmmgers should take a closer look at the company, though. Their property looks promising, and NL is pretty open to mining. I know a few local prospectors who sound pretty excited about it.

>>57576188
The issue I find with the project is that while it's very high grade I think it lacks scale from an equity investor's perspective. At least imo

>>57576002
https://www.bbc.com/news/magazine-37612083

So they just need more tyranny?

>>57576949
Trannys***
Stupid autocorrect

Now the jokes not funny anymore

>>57576949
Mexico needs more tyranny of the right kind, yes, a strongman ruler who can eliminate the cartels. That would take a benevolent dictator.

>>57577019
They need a perpetual motion power plant, screen doors on their submarines, and the square root of negative two

uranium stocks in the athabasca basin will moon in the next few years

>>57576248
>I think it lacks scale from an equity investor's perspective
yeah, right now
but the new drilling that they are doing will prove the scale

>>57574191
Based BEX chad, we're all gonna make it.

>>57577078
that already happened

>>57575978
Thanks. I haven't slept in two days now. I keep having this dream of me finding my daughter when I’m old and her hating me for abandoning her. I try to buy her a little gift, some stupid thing just to not come empty handed, but I don’t know what she likes because I don’t know anything about her.

I'm excited for the steel markets to open today. I imagine we'll continue the downward movements but it'll be interesting to see if things reverse at scraps support (which is getting closer!). I imagine the DXY will have some to do with that.

I'm done with chart fags. 2 more weeks for the last three years. Line going zig zag up.

>"In 2 weeks we will break $25. Then we will shoot up to $30. At $30 there will be some pretty strong resistance. After $30 breaks off we are off to the races until we hit $50. The bankers will try to stop and smash it down so it doesn't break $50. But they can't contain it and it will moon to $2000 and all our silver junior miners will 1000x and then Jesus will come back and make the BRIC countries implement a gold back currency. Because of the lack of gold at fort Knox because the united states sold it all to China they will need another commodity. The US government will make shares of Bayhorse the official currency. The shareholders of Bayhorse Silver will then be the federal reserve chairmen and will government the united states. These Bayhorse shareholders will then require all japanese qt3.14 to become their waifus. All the Japanese male incels will then have to make anime real. And then everyone clapped."

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/020924-brazil-ferrous-scrap-exports-reach-record-high-in-2023-amid-india-steel-boom

India superpower 2030 unironically:
>India's economic boom and the country's ambitious plan on steel production were also factors in the shift of Brazil's ferrous scrap exports.

>S&P Global analysts forecast India will become the world's third-largest economy by 2030, driving steel production and consumption in the country. The nation ranked as the second-largest steel producer in 2023 with 140.2 million mt, up 11.8% on the year, according to data from World Steel Association.

>Although India has announced an installed capacity target of 300 million mt by 2030, S&P Global estimates the country is more likely to achieve a capacity of around 200 million mt due to the long construction timelines of new steel facilities and the approval of new greenfield projects.

>Data from S&P Global and the Ministry of Steel India indicates annual domestic supply of steel scrap in the country hovers around 25 million mt. To reduce this dependency on foreign material, India would need at least 70 new scrap processing centers with 300 collection and dismantling centers.

>India imported a record 10.47 million mt of ferrous scrap over January-November 2023, up from 6.84 million mt in January-November 2022, according to the latest Indian customs data.

Also bullish for met coal, iron ore and steel.

>>57578884
India has the population and young demographic. Problem is they are 90 IQ and anyone with a brain left to western countries.

>>57578891
As long as they keep ramping up demand for raw materials and energy it's a win in my book (for me)

>>57575107
Yes Goyim, abandon the child!

>>57575881
This. Imagine being a grown man who doesn't want kids, then allowing a woman you don't intend to marry to have full control over the contraception, after discussing you don't want kids but she clearly does.

>wasn't given any say in the matter
Yeah you were buddy, you set this up when you agreed to rely on her birth control. Don't rawdog women you don't want to get pregnant. It's that fucking simple.

>>57578977
You're not wrong. ._.

Steel and scrap down as we predicted. I'm still thinking it'll be a road down to these support lines but we'll see. This week I'd like to do some good reading on the infrastructure bill to really understand that.

>>57579634
I don't mean to be a dick buddy, it's just that the last thing this world needs is more fatherless households so it evokes a reaction. Women are motivated entirely by reproduction so your guard should have been up as soon as you had that conversation.

I do hope you find a way to make things work for you that is best for everyone involved including and especially the child, and I feel for you being in a situation that you don't want to be in, regardless of how you got there.

>>57564161
why does that hat look so comfy..

https://twitter.com/WTIBull/status/1756451462497071293
I really don't see how Rick Rule's NA natgas bull thesis works out, above are some charts showing how much natty drilling has improved over the years. The only natgas focused producers even worth considering are the big low codt high quality issuers that have direct LNG offtake contracts. The juniors and midtiers get trampled.

>>57579697
Yeah I donno. I'm a mess now and not sure what to do. I'm not sure what the future looks like there. Thanks for the kind words.

I wonder where the DXY will top out. I've been beginning to read through some TA information, grabbed some books to try to learn.

>>57566356
Exactly like Kevin bambrough said and all of the reddit uranium faggots like uraniumcorgi (the worst offender and biggest faggot of them al), dragged him through the mud two years ago. He was exactly right.

>>57578977
I would love to have kids but and the misses both have fertility issues. Mine are fixable. Hers are not.

It sucks watching people get gifts they probably don't deserve.

>>57581640
Good luck however it goes man.

>I wonder where the DXY will top out
Euro is currently on week 19 of its Intermediate Cycle and is in the declining phase. It must break this trendline before bottoming and finding the next Intermediate Cycle Low, which I imagine will sync with a touch of the 100wma, and that is where the Dollar will find its top, maybe around 106/107. That's my estimate.

Given that this IC of the Euro is the first of a new yearly cycle that started with the YCL in October 2023 and is right translated I think that it will make a higher low for this ICL and then go on to make a higher high for the next ICH, taking the dollar down and metals up, with Gold bottoming around the same time as the Euro, assuming that Gold is not in a triangle which it may be but I'm not convinced.

But cycles in currency are all over the place so who the fuck really knows lol

>>57581759
Sorry to hear that Red you have my sympathies.

some NFG news posted on ceo by President Denis Laviolette

Wtf is going on with natgas?

>>57582180
Cheers. I'll look out for that top around there, will be cool to see. I mean at current pace that would align with the steel and scrap pricing also, which is interesting.

>>57582926
I think there is just a huge oversupply. Those new terminals not coming online for export I think pushed it down a bit, but that is really down the road where the true effect plays in. I think what's pressuring them down short term is just the weather being warm. I read in WSJ or someplace last week that we've had record low consumption.

I bought more deep yellow last night. Im going to be rich in a few weeks or im going to 5% when ASX market opens

CMMG bros, why is God so cruel to us?

>>57582926
Despite increasing demand from Canada, USA, Mexico, and LNG demand from all of the above, supply growth is still higher. The best natty producers (and mainly oil producers that produce natty as byproduct) have like <$2/mcfe production costs.

>>57582926
Have you gone outside? I can touch grass in February.

>>57583082
I bought some Sovereign Metals (SVM.AX) and Meteoric Resources (MEI.AX). Neither has really been talked about here, both have world class projects in their own commodity. I want to buy some Bravo Resources (BRVO.TO) for PGM and nickel exposure, although now may not be the bottom I think I want a starter position.

Sucks that I see so many opportunities to buy all around but I only have so much cash. I'm working overtime as much as I can at the moment, hopefully I can keep buying gold and silver stocks at these prices as well or even lower. Coal also. I shifted a bit away from uranium and o&g but I'd like to have more exposure there as well.

The market sentiment is terrible especially in gold and silver miners. I live the carnage

>>57582926
It's manipulated. Big banks are naked shorting it for the government. They need to keep it low so Biden can make the election look close enough to steal. China knows this and has been natural gas and gold because of the lowered price.

>>57582926
Jews

>>57578721
It sounds like you have some very tough decisions ahead of you.
Does part of you want to raise the child despite the way it'll eat into your passion for steel investing?
Chat me up anytime with your difficulties.

Sold another 10% of BIG to open an EQTY position, 2016 level for the HUI ratio, couldn't stop myself. Will of course sell this shit once we reach a small top on silver, just a monthly trade.

>>57578863
>horse
I am glad someone here is smart of enough to see the full potential of the horse.

Can I ask about penny stocks here?

Is anyone buying the Cameco dip?

Why or why not?

GO METALS = GOCO
A BILLION TONS of copper nickel and titanium

GOCO the news rag to riches story will be BIGGER THAN BIG

Get your ticket. Must be in it to win it
GOCO = big pay day
KABOOM!!!!!!!!!!

Majors will be all over GOCO like barrick, rio and teck
DONT be late to the party to chase this monster:))))))

News coming soon for GOCO monster discovery of a massive 3200 x 3200 x 100 metres thick

Hubba hubba hubba!!!!
GOCO is going on fire Why haggel over half a penny when its going to DOLLARTOWN;))))))

GOCO = KABOOM $$$$$$$$

>>57586838
Of course!

>>57587812
>>57587825
>>57587848
>>57587875
>>57587984
>>57588021
>>57588042
fuck off back to ceo.ca RocketRed you're such a fucking stupid nigger

GOCO = an anomaly size of 3200 x 3200 plus its very intense
BIG PAY DAY COMING

>>57588138
nigger

>>57588131
You racism will keep you poor GOCO got the goods

>>57588151
RocketRed, all the times you've come here with your pathetic microcap shilling before has shown that it's simply a waste of time. What was it last time, VRR? How did that work out? Just stick to pumping on ceo.ca, nobody here will waste their money buying your bags. You're such a waste of space niggerfaggot

>>57588187
so your the big swinging dick on here? how much did you made on penny stocks huh? ive made millions when your still poor ;))))) not hard to find winners in this game. just have to know where to look

>>57588220
Keep making millions then and slither on away back where you came from. You're universally hated here just so you know. Everybody here knows RocketRed as one of the most unprincipled and pathetic individuals on ceo.ca. Your reputation is well earned, and as a result nobody here will fall for your shilling. Nigger.

>>57588276
your BLOCKED AND IGNORED
GOCO = GO METALS Willem Middelkoop is a BIG SHAREHOLDER here at high price Expect a BIG pumpa soon !!!!!!!!

>>57588312
There is no block & ignore function here. You're far away from Kansas sonny. I recommend shilling to the idiots at ceo.ca, your pathetic and transparent effort is wasted here. Those drill results look pretty bad, maybe that's why you're so desperate to offload your bags?

>>57579634
How are you doing, bud? Finally getting some sleep?

did anyone see this intercept in step out drilling? Dolly Varden hit something big at Homestake Ridge.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/681-tsx-venture/dv/155751-dolly-varden-silver-s-step-out-drilling-at-homestake-ridge-discovers-new-high-grade-gold-zone-79-49-g-t-au-over-12-45m-including-1-335-g-t-au-over-0-68m.html

This being a stepout discovery is fantastic!

>>57588957
Silver and gold feel so wonderful in the hand
They're so dense, so heavy, and so beautiful to look at
It's no wonder they've always been prized and make for natural currency
And platinum is amazing stuff too -- even denser than gold

>>57586838
>>57587812
>>57587825
>>57587848
>>57587875
>>57587984
>>57588021
>>57588042
>>57588138
>>57588151
>>57588220
>>57588312
>unironically still using dollartown
lmao
Thanks for the picks to short

Kill yourself you dumb kike

Oil on day 6 of the new daily cycle and cutting through the 200dma, 100dma, and 45wma before open. I think the daily cycle high will sync with a test of the downtrend line at around 84/85, which is also a flat resistance area. I'll take profits there if we get there around the correct timing band for the DCH, if we get there early enough though we may cut straight through it.

Hope you niggers bought oil back in December.

>>57590510
How do you decide what to track for oil? I have been using CL1.

CPI should be interesting this morning. If the print is still fairly high, maybe that will translate into higher for longer, which might further push the DXY up and commodity prices down. Not sure if it works exactly like that, but, it'll be fun to see.

>>57588904
Not great, appreciate you asking. I got like three hours. Getting a bit worried about driving I'm so tired.

>>57590772
There's very little difference between the two, they don't exactly deviate in any meaningful way. I usually look at both or just use whichever I happen to have open. I find it quicker to type "USOIL" into Trading View than "CL1!" so that's my bias.

>>57590772
Safety first, as they say.
But yeah, real life usually doesn't work that way.

>57587812
>57587825
>57587848
>57587875
>57587984
>57588021
>57588042

>>57590510
my ARX and CNQ bags are ready

will $2000 hold?

>>57591839
Gold is either in a Triangle in which case it is about to bounce off the lower trendline, or it is in an Intermediate Decline and will probably bottom somwhere around the 50% fib at 1987ish, which would also mean conveniently bouncing off the 45wma.

>>57591839
Even if it doesn't it's been a great sign that it stayed above $2000 for months. I'm sure once the Fed announces more stimulus for shit banks in March, and rate cuts mid year that gold will bounce right back.

>>57591839
absolutely brutal

Why is Gary such a genius? So many people even in his comments say he is wrong, but give it a bit and his trades print. I wish he did a full fledged class before he retires.

>>57592159
Gold is crabbing below the triangle line on the 1 minute chart. I'm thinking (and hoping) we're in for an ICL after all.

Just bought 50 more shares of Agnico, they have earnings coming out later this week, should be pretty good.

>>57539919
>Vancouver, British Columbia--(Newsfile Corp. - February 13, 2024) - Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the "Company" or "Bayhorse") announces that preliminary results of the recently completed Geotech Ltd. helicopter-borne VTEM and Horizontal Magnetic Gradiometer Geophysical Survey over its Bayhorse Silver Mine Property, Oregon and Idaho, USA have been received.
https://ceo.ca/@newsfile/bayhorse-silver-substantially-increasing-idaho-mineral
It's horsening! Two more weeks!

>>57592741
Based horse is back

SSR tailings dam burst.
https://www.mining.com/web/nine-gold-miners-missing-in-turkey-after-landslide/

>>57593291
>SSR tailings dam burst.
It's a heap leach pad that caused a land slide is the speculation.

>>57593759
I'm surprised, it's not one I hold

>>57593858
Opened a small position a few days ago lmfao. There was some videos going around on twitter looks pretty fucking grim (if the videos are real), bunch of miners trapped, not looking too great It was their best producing mine and they have 2 other mines in Turkey one producing and one in development, they could end up having issues at the other mines because of this event considering they're all in the same country.

>>57582926
El Nino year
Artificial price lowering through institutional shorting
Time to load up, 1.9 was already a steal, 1.75 is like basically free considering El Nino year is over and there is no prospect to a diplomatic solution to the Russia - Nato conflict

>>57593993
doesn't look good

>>57594197
Yeah, hope they get the miners out alive but I have my doubts. Question is are they liable for this, or something else caused the landslide...

>>57594292
one report said 9 missing, not sure if it's accurate

https://stockcharts.com/h-sc/ui?s=%24BPGDM

Gary use this to check sentiment.

>>57594197
oh crap, that was at a mine owned by SSR? Thats a massive fuckup.

Getting into commodities after 2021 peak was probably the worst investment you could have made in the last 20 years.
Only silver lining with things crashing to shit left and right, is that at the end of this so many companies have simply died out, that the potential to make it is far higher as the only survivors are the better companies.

>>57594197
disaster.

>>57593993
shit man sorry for your -60% loss

>>57594674
The volatility has been godly since the peak

>>57594733
Small position as I said 0.77% loss on my portfolio.

>>57594674
>Getting into commodities after 2021 peak was probably the worst investment you could have made in the last 20 years.
It's actually incredible how much commodities have corrected apart from oil, considering the money supply hasn't shrunk that much. My guess with the high interest rates there's no incentive to speculate in resource stocks.

Will bake

Fresh bread

>>57595330

>>57595330

>>57542465
>He doesn't invest in his local coal mine
Ngmi

>>57539919
Been away for awhile but shipping bro here.
-Product tankers (stng, trmd, hafni.ol) have been having great rates that will seem to be holding. Big impact with the suez, especially on LR2's
-drybulk having a strong q1 (usually weakest part of the year). Expect some rates to lower short term, but long term with a short orderbook, should be a strong sector (gnk, hshp, sblk)
-crude tankers, not as impacted by suez (expect suezmaxes) but strong rates nonetheless (dht, eco)
-containerships- not a long term option, oversupply will be rolling in an crushing rates, don't get trapped.