/biz/ - Business & Finance

first

>>57674390
Anyone else work in the commodities industry as a trader, shipper, broker, analyst, scheduler? Natty scheduler here

>>57674517
Coal mine foreman here intending to get into the executive level of the company; might do an online MBA to have the proper creds and the proper training in finance and business.
Have also dealt in coal mining stocks and made about 1.5 million after taxes, but am cashing out and converting some of that cash into precious metals. I have a good income and made a lot on my stock bets, so am happy with the results.

>>57674583
nice gains

>>57674696
Thanks, fren. My goal is just to live securely and help out family and friends, not to get rich. So with my six figure job, I am happy on the finances front.

>>57674390
wow a gay rock

>>57675085
That lump of coal is a wonder of nature. Please don't disrespect it.

Is it possible to make a living daytrading commodites?

>>57675149
No
All in crypto

>>57669683
You were 4 years late

>>57675535
I DON'T CARE

>>57675125
I mean is a bunch of disorganized carbon structure that we burn and create a lot of energy and pollution with it.

>>57676212
sounds pretty based to me. God bless carbon

>Ahead of Nvidia earnings, Cramer says the AI giant isn’t anywhere near its peak
The tech bullrun is now officially over.

Check out natural gas today.

Steel is starting to come down to a place I would buy it at. I'm targeting around 750, but scrap is really the support line I'm watching so we'll see where steel is when scrap hits support. I've got to shower and get ready to go to the airport, flying to new york today for a few days for work...sucks.

>>57675535
>pic
this guy is still around, i see his youtube videos pop up still. seems to be reasonably good at TA and did make some good calls about the end of the world not coming when everyone said it was. I still find all the youtubers not something I would mirror on trades, but, sometimes fun to watch.

>>57676296
>seems to be reasonably good at TA
>green candle bearish
>red candle bullish
>I'm just holding on guys, you're not getting my shares
I like Andy and his macro stuff is worth paying attention to but the rest is essentially useless. Maybe he's got better in the past couple years but when I last gave him any real attention he was just "buy and hold: daily update #489034563456" which is a legit strategy but not great for actually learning anything.

>>57676337
lol I got the colours backwards. Joke ruined.

>>57676337
Yeah he just says buy and hold his stocks go down 30-70%, but he's waiting for the big bull market in commodities when the Fed starts doing QE again and slashes interest rates.
>>57676346
Kek.

>>57676337
yeah the macro stuff he's good with, or at least gives me something to look at and think about. I think for learning I'm going to try the CMT Level I book.

>>57676367
>Yeah he just says buy and hold his stocks go down 30-70%
Also rarely including that he bought most of them at a time where even after a 70% drawdown he still has a big cushion. As do a lot of the junior stock poompers. Easy to tell people to get in quick and hodl for the bullmarket when you surfed high on the initial wave.

>>57676408
>Also rarely including that he bought most of them at a time where even after a 70% drawdown he still has a big cushion.
Yep.
>Webm
Kek.

can someone explain why scrap steel is more expensive than regular virgin steel?

>>57676646
It is not. Busheling is at 440 this morning. HRC is at 925.

>>57676408
Its very interesting to see animals make stupid decisions like that.
Makes you wonder how they lived so long in the first place, jumping from tree to tree has to be a high risk activity hard to believe they evolved just to plummet to multiple bone breaks and internal bleeding leading to death

>>57676408
>webm
pretty much how I felt today after slipping and falling on ice straight onto my left knee. I'm okay but I was processing the pain for a minute there. Swearing helped a bit

>>57676670
>Its very interesting to see animals make stupid decisions like that.
haha yeah, dumb monke
glad I'm an evolved homosapien whos species would never be so dumb
feelsgoodman.png

>>57676801
This.

>>57676757
F

>>57676801
>not like humans never do this
Not what i mean, humans can do smart and dumb shit, animals only do instinctive shit.

You will never see a dog trying to fly, only by mistake, if it judges a surface as too far/close or whatever.
Do i rly have to explain this like youre a 3 year old?

I was wondering how animals who constantly take risks like jumping from branch to branch manage to make such mistakes

>>57677313
idgaf about your existential musings lol I saw an opportunity to post that webm and I took it dont get so buttflustered you fuckin pseud

>>57676801
Is he okay?

>>57677390
what the fuck is dragging them in?

>>57677628
Some current or a whirlpool.

>>57677628
>>57677882
Brown "people" can't swim

O&G companies started another bullrun it seems

>>57678416
>CONSOLIDATE
>CONSOLIDATE
>CONSOLIDATE
Chesapeake cut so we can fly. Buy OTM BOIL calls. Give the wife nothing to take when it's all said and done.

>>57674390
Where can I buy silver bars with the Bayhorse stamp? There must be thousands of them by now, but I can find them on the distrubutor sites for sale.

>>57678416
Jeeze gas stocks are overreacting a bit aren't they?

Uranium Chads how are we doing?

>>57679742
They'll sell to the Chinese and whoever is willing to buy and EU and NA will buy from them. Nothingburger.

>>57679742
USA gets most of its uranium from Russia no?

Ahhh, I'm so torn right now, I really want to buy a bunch of juniors, but they always go lower lmfao.

>>57676212
Very good. Except with the new-gen coal fired plants like they have in Asia, extremely little pollution comes out (CO2 doesn't count as pollution).

I got 5k ready to dump it into something what am I putting it into bois

QH interview with his top 3 takeover candidates

https://www.swissgoldletter.com/quinton-hennigh-interview/

>>57681008
Don't the Majors acquire at the top of the cycle when everything is expensive af, and the numbers look great? We're not quite there yet.

Just remembered and I'm keking at the fact the Tahltans bought the top on Skeena a few years back.

>>57680896
>>57680740
Wait a bit my man

>palladium has entered the chat

>>57681211
the Tahltan central gov are fucked lately. They replaced the business minded people with a crew of twats who went to UVic. Instead of wanting to make money while securing their sovereignty, they want a boat load of government gibs. It actually might end up in a minor civil war up there, as the population who wanted to work are probably all going to be out of a job soon, as the Tahltan gov evicts all the miners / explorcos.

>>57681372
Well that's unfortunate, but expected.

>>57681508
Their in for a serious legal battle too after members of the band went behind everyone elses backs and started quietly blockading access again in exchange for bribes. Its a whole new mess up there.

>>57680896
AEM, the dividend ex-date is 2/29, 3.3%, they are printing money at $2k gold

>>57681677
>after members of the band went behind everyone elses backs and started quietly blockading access again in exchange for bribes.
They were extorting Skeena's Eskay Creek or another company/project?

>>57680896
Benton resources obviously

Tempted to buy some Nucor and hold for a few weeks. Thoughts, TA-anons?

>>57683659
i'm getting a strong "suddenly shit the bed" energy from this chart

>>57681751
they were trying to extort employees of all sorts of places including highway maintenance crews. Idiots then went and whined that their little back road community wasnt getting plowed out during snow fall.

>>57683708
lol thanks. yeah steel is on its way down, just looked like this thing was hugging the support here. I guess I need to stick with fundamentals.

>>57679559
>>57678416
https://www.reuters.com/business/energy/chesapeake-energy-reports-fall-quarterly-profit-2024-02-20/
Prompt month henry rallied on this of all things, major producer cutting rigs/ output forecast
I sold my natty holdings but might try to reenter at a lower price if it falls. I think Natty will have a boring low price summer with this glut of supply.

>>57683920
I've been saying for a while that the only way natty is going to have a chance at recovery is once one or two of the producers stops the staring contest and begins plugging in wells. I'd like to see more of this in fact.

>>57684123
its been proven now that wells can be shut in without ruining the geological formation and cutting off some of the flows. its still rare that wells are actually shut in, and for associated producers they need to keep the natty flowing in order to to get the precious liquids. its alright for physical traders in some regions when the wellhead to market spread is wide but we need weather for volatility.

>>57684160
yeah as you say no producer wants to be the guy to shut in, because then everybody else will benefit and increase production on better pricing. So instead they all choose to suffer (natgas focused producers). Liquids producers of course will simply keep producing byproduct gas

>>57685124
>>57684160
Where did you guys learn oil?

>>57685124
The steel producers all seem to do "maintenance" at the same time. No way to prove it, but, seems like they talk lol. My guess is as prices keep falling in steel, we'll all the sudden see a bunch of producers go offline at the same time and then magically the prices will reverse. I think that's more possible with steel because there is a greater concentration with few producers, versus oil and gas there is a huge list.

>>57685243
I work in natural gas trading. Trying to make it to a trading seat where you make % of PnL. People can be pretty closed off about commodities industry as a whole and learning it, so good luck

>>57685243
Just go to oilprice.com and start reading articles regularly. Look at weekly crude draws data from EIA and API data. Listen to Art Berman and Anass alHajji

That’s a start

>>57684160
>without ruining the geological formation and cutting off some of the flows.
you risk clogging the area around the well and sanding the well (depending on the formation and fluids). Its a system of producers and many times injectors and its a complex system. Shutting down wells is a last resort because they become money sinks instead of money producers. Lots of operators never P&A wells they just sell all as a package or go bankrupt and leave it to the state. In states/counties with strict environmental permitting once you P&A a well you may never get another permit for a new well, so you just keep it around forever and sell it as a potential rework or redrill of an existing well, even if its just a ring of rust in the dirt its a well as far as the permit/file is concerned. The cost is if the well starts leaking at the surface or below the surface. There are tens of thousands of idle wells that are not worth the money to repair and no operator wants to pay to P&A they just go BK. There was a guy who bought the shittiest wells and facilities for cheap, lied about status and potential, used the package as an asset to get a $100,000,000 loan and immediately defaulted keeping the money. If you are willing to be mobile between countries and have citizenships and passports then you too can be in the oil business. Knowing how to get and read the production data, well files, and enforcement history you can tell which publically traded companies are going down. About one year before a BK I explained to someone how I knew a company was going under while the stock price was apparently stable. Because of my job I could not legally short the stock. Info is out there.

>>57685243
Learned it by exposing myself to news, analysis, and by searching google on things like "what is netback" etc.
>>57685279
wouldn't be surprised at all if they had silent agreements in place, soft cartel shit

---
Today was a pretty big news day so I feel like sharing some of the NRs that stood out to me

>NGEX DRILLS 23.0 METRES AT 23.02% COPPER EQUIVALENT WITHIN 71.9 METRES AT 9.63% COPPER EQUIVALENT AT LUNAHUASI
fucking what mate. Is this going to be a better Filo? I haven't dug into the news release yet but my goodness. I may have to buy some shares tomorrow.

>Artemis Gold Announces Results of Expansion Study for Blackwater Mine
Really nice results and provides management another option to go about developing this excellent project. This demonstrates that the mine could be a +500kozpa producer in the lowest cost quartile. I think this will perk up some ears in the market, both in the investor side as well as the major side. Sadly I sold earlier today due to technicals and Pan Man's heads-up about potential delays. I think I screwed up, this news release could boost the share price.

>Vizsla Silver Announces $30 Million Bought Deal Financing
Vizsla is now fully funded for 2024. They had to give away those shares at a pretty substantial discount though, and I think this shows how bad the market really is for junior miners especially in precious metals. Vizsla is a high quality exploration/development company. Certainly is a stark reminder to not ape into underfunded companies no matter how cheap they may seem right now (looking at you Eloro!)

>>57685495
Did artemis mention anything to do with the delays? Things have slowed to a crawl on site construction wise. The weathers warmed up a lot, meaning the place is a swamp. Nothing anyone can do about that unfortunately.

>>57683920
Damn I wonder if Trillion will somehow ebb even lower then. I’d like to think that some of their down shift is attributable to Nat gas spot falling and not 100% because Art Hallern is an anus

Damn whole U sector with a nice rebound to end the latter half of the session. Was hoping to get some deals but ok then

>>57679742
Isn't that good for ccj?

UUUU at a important juncture. Let’s see if it holds.

>>57685623
Nothing about current progress in today's NR. Last news about the construction was Jan 30, and they said they're on schedule and within budget.
>Things have slowed to a crawl on site construction wise. The weathers warmed up a lot, meaning the place is a swamp. Nothing anyone can do about that unfortunately.
I see. afaik earthworks are done and they're focusing on installing equipment, but of course weather plays a major role

>>57680590
Like 15%, so therefore ~3% (1/5 of US electricity production is via Nuclear) of US power is at risk

>>57685730
This must be a continuation of the Dec 11 bill that was passed in the House, to ban all uranium imports from Russia:

https://www.reuters.com/world/us/us-house-passes-bill-banning-uranium-imports-russia-2023-12-11/

So this might be a smaller version of the 2022 EU energy crisis wherein a western nation(s) decides to fuck themselves over by sanctioning the bad guy who happens to have a stranglehold on pretty much every important commodity and upstream processing of them in the world. Will U spot pull a Dutch TTF and go nuts? I think a lot indications show the global economy is slower now than in 2022, so substitution effects should be easier (cheaper) to pull off, plus US is an energy powerhouse so there’s lots of ways to abate this potential mini crisis.

>>57685707
their still building crusher / feeder setup at the moment if memory serves, but stripping on the pit will probably have to stop for a while until things dry out, unless they have a really serious water control setup on site. A swamp is no fun at all to do serious construction in.

>>57674390
i just mined some leftover bitcoin in an abandoned mine, how do i profit from this?

>>57683711
That's just something else man... They don't have any shame.

Cryptofag here. How do you niggas trade these things and not go absolutely mental? Are you using 1000x leverage?

>>57687570
There is not a single person here trading in and out of gold spot price

Thoughts on Skeena? They're supposed to announce financing for the project by the end of 1H 2024, and the stock is down quite a bit, I think it's a good buy if it goes bellow C$3. I set another order for CHN.AX, haven't logged into the brokerage acc yet, but It should be filled otherwise I'll be pissed.

>>57674390
any bismuthbros in the house tonight????

>>57688124
Spoonfeed me on bismuth.

who else excited about the Decentralized Physical Infrastructure Networks..the infrastructure for tokenized commodities
https://truflation.com/blog/why-is-everyone-talking-about-decentralized-physical-infrastructure-networks-depin

new york sucks. hopefully steel continues to drop today, I'd like scrap to hit that support line. excited to see what happens there.

>>57688078
I love Skeena's project. It's one of the best I know. But I fucking hate their slimy ass management that milks shareholders and does frequent, terrible financings at huge discounts. They're the Nexgen of precious metals stocks, and I don't mean that in a positive way. Maybe once they announce construction start I'll think about jumping back in... Maybe then they can't fuck me sideways again

>>57688144
a physical hold like silver or gold, only 3x more abundant than gold, no one cares about it because no use has been found yet. it has interesting properties, possibly useful in nuclear reactors of the future. other stuff im forgetting.
yeah let me say that again, this bismuth and gold have the same order of magnitude rarity.

>>57688311
I just took a dump that has a 100% unique composition of microbiota. 100% less abundant than gold. There will never be another one like it.

How much will you give me for it? Get your bids in now before I flush away this once in a lifetime opportunity.

>>57688250
>But I fucking hate their slimy ass management that milks shareholders and does frequent, terrible financings at huge discounts.
That's good if you want to buy in, they can't dilute shareholders that much once we know how they'll finance the project and construction begins (ofc apart from when the construction capex comes out a couple hundred million short, and they need to raise capital like almost every project these days). Anyway I think It's worth the risk/reward under C$3.

>>57688376
HAHHAHAHAHHAHAHAH. Lmfao!

>>57688390
I thought that too but they did another financing at even lower discounts when U thought they were fully financed for 2023. Don't underestimate this management team's ability to light equity on fire

Silver Bullet BTFO by Moriarty:
http://www.321gold.com/editorials/moriarty/moriarty022224.html

>>57688628
>Don't underestimate this management team's ability to light equity on fire
Yeah that's why I'm saying it's only a buy at a -20% discount to the current price.

>>57688646
never forget this is the man who pumped Bayhorse, Irving and Novo

>>57688651
That could be a good buy, with the caveat that they could give away shares at a 20% discount to that buying price

>>57688646
>>57688652
Moriarty says a lot of dumb shit these days.
>>57688665
Well ofc they can dilute under C$3 too, you'll just have to average in.

>>57688681
I'll probably end up having Skeena back in my portfolio ultimately. I made that choice on Nexgen too. Sometimes the assets are just too good not to own despite poor management practices

>>57688870
>Sometimes the assets are just too good not to own despite poor management practices
My point exactly.

>>57688652
>Novo
Ho Lee Fuk, I completely forgot about Novo. There was some big shilling here a few years ago. I almost bought in when it "dipped" to around .90 US, I'd be ruined

>>57688652
>>57689071
>Novo today

>>57689071
>>57689081
Still not awake, I meant to say Irving that I almost bought at .90. Not as bad as Novo, there's life

Great news for B.C. miners. Get fucked Tahltans.

Market pricing in shit earnings from Newmont.

>Mfw seeing how many sectors are getting absolutely fucked when cheap money has been taken out of the markets.

It's incredible how many companies have been riding on dirt cheap debt getting pumped into the markets.
For example there are a shitload of solar companies that were valued around 5-15 billion just few years ago, that are now in a total death spiral and will go bankrupt if cheap money doesn't return soon.
Same goes for every other speculative play like the EV based stuff and hydrogen markets.
It's like some kind of a Dotcom 2.0 going on across multiple sectors.
We're going to see the number of companies out there get thinned out by a large margin before this ship turns around. On a bright side there's less places for money to go when things turn, making the gains even bigger if you get in at the next bottom.

>>57689954
Ohh yeah the bubble popped in everything but the MAGs and semiconductors. The charts on most of these companies are insane 80-90% down.

>>57689954
I suppose it's not untrue to point out the flush is happening in mining too

>>57689992

Yeah and things are getting to a point they're going lower than they were before all of the corona induced turmoil and are now starting to go bankrupt.
Then again it's no wonder, because if you want a return for your investments, you can't exactly get into many other sectors.
Whole market has turned into a very concentrated ponzi where money chases momentum.
Most messed up thing is that when the big players inevitably fall, for a while they're going to drag rest of the markets down with them, meaning many of these guys now on the verge of bankruptcy will topple over.

Basically if you're not getting into physical metals or playing something so obscure that it gets ignored by the greater markets, cash gang is the best place to be.

>>57690002

Oh sure but that's what we have been observing first hand here for a good while now.
I'd say mining responded to this situation first being the most speculative of all sectors.
I'm happy about it though, the bad players are going out and the good ones are getting an increased discount on them.
Soon we're at a point we can pull a very safe 3-5x from even the biggest names, by them simply going back where they used to be, which makes this a very safe sector to be in.

>>57688652
He likes Dolly Varden tho, nothing wrong with that

>>57690101
>Yeah and things are getting to a point they're going lower than they were before all of the corona induced turmoil and are now starting to go bankrupt.
Some of these companies that got sold down 80-90% have value, but I agree most of them are worthless shit and should go bankrupt.
>Most messed up thing is that when the big players inevitably fall, for a while they're going to drag rest of the markets down with them,
Yes they will, but the question is when? Will the rally broaden and pick up all these 80-90% down stocks before it all comes crashing down.
>Basically if you're not getting into physical metals or playing something so obscure that it gets ignored by the greater markets, cash gang is the best place to be.
Cash is good right now but it can turn bad depending on what the Fed does if they extend the BTFP, cut rates do QE etc... then cash will go back to being trash. PM's are good too.

NEM earnings are absolute fucking dogshit.

>>57690424
yeah. Lead the way down. At least AEM keeps being a real champ

>>57690558
>yeah. Lead the way down.
Incredible how they manage to lose $3B in one quarter with average realized price of $2000 per oz. Truly some fucking imbeciles are managing NEM.

>>57690630
They've got a long track record in that regard. Too big for their own good.

when the uranium hemorrhaging going to stop? tomorrow assuming those reports are true hopefully

>>57690653
>They've got a long track record in that regard.
Kek. They sure do. Hopefully they drag down the whole sector.
>Too big for their own good.
In the presentation slides they say they'll divest the T2/T3 non-core asset, so I would go as far to call NEM management sentient, although I know I'm pushing limits with that statement.

>>57690711
CCO and NXE at support.

Update on training of new miners at this Peabody Mine:
The mine superintendent is dodging the issue and consistently canceling meetings about it. At this point it's looking like nothing will change.
Oh well, my maintenance company is committed to proper training of young and new mine maintenance mechanics. So if the coal production companies get a new generation that can't do the job right, that means more business for us. I'd rather it not be this way, but with the wave of retirements of experienced miners trained the old fashion way of one-on-one mentorship and small crews that you stick with long term, it's looking to me like this may be where we're headed.

>>57690971
Bearish for Peabody.

>>57688250
>>57688078
incredible property, worthless management. I am waiting to see when or if any majors end up buying Eskay Creek mine out during or after construction is completed.

>>57691062
>I am waiting to see when or if any majors end up buying Eskay Creek mine out during or after construction is completed.
Yeah between here and there, I expect the stock price to eat dirt.

>>57689809
this was huge, not just for mining but also for anyone / everything going on in the interior. It would have in practice given a massive amount of control over crown land to the native bands. Funny enough, one of the reasons this failed was due to a number of bands believing the legislation to be a scam, allowing corporations to hire native staff and then use their band names to do as they wished on crown land. I am glad its dead, it would have been doom for BC in general.

>>57691094
which is a massive shame because Eskay Creek is probably one of the best gold discoveries in BC history, it will become a mine again, but i think the way the guys at Skeena are running things, it will fail without outside help.

>>57691136
>but i think the way the guys at Skeena are running things, it will fail without outside help.
I expect nothing less from them.

>>57685495
>fucking what mate. Is this going to be a better Filo? I haven't dug into the news release yet but my goodness. I may have to buy some shares tomorrow.
Seriously, what the FUCK is NGEX's problem?

Tell me, /cmmg/. I really want to know.

>>57691001
This mine has won many awards recently for having an excellent safety record. It has really cool special equipment especially to do with its longwall system that I don't want to mention because then someone may be able to figure out which mine it is and which superintendent I'm talking about. But my point is it's a great mine with plenty of coal, a long history of producing good coal, and I love this particular mine.
The Boomers with lots of experience are retiring now without having properly passed on their knowledge to the up and comers, and in this case it's not so much the Boomers' fault. Management just won't implement a sensible training regime. Some of the older miners here and elsewhere have been greatly admired by the younger generations for taking the time to explain complex systems in detail even when they weren't supposed to be using their time for that.
As I said, oh well, my maintenance company and others will just get more work and business in the future, I guess.

>>57691388
And even though this means more business for my company in the future, I still just find it such a shame because so many young miners will be trained up with gaps in their knowledge. I want the best for them and for the coal mining industry in general -- and for the mining industry as a whole.

>>57691408
>I still just find it such a shame because so many young miners will be trained up with gaps in their knowledge. I want the best for them and for the coal mining industry in general
There is the same issue in many other industries other than coal mining. You have to steal the knowledge from older more experienced people, otherwise you have to learn yourself from scratch which is a lot harder. I'm happy someone at least is taking initiative to fix these issues, but unfortunately the trend seems to be unstoppable at this point.

>>57691408
>>57691757
This quote explains it all. Due to the way the banking system is structured it's very hard to plan for the future, and most people become very short-sighted.

>>57691841
>Due to the way the banking system is structured it's very hard to plan for the future, and most people become very short-sighted.
This is absolutely right!
The banking system is the source of so many of our problems.

Oh, noes, Brunswick broes!
Are you ok?
T-this t-time n-next y-year?

>>57691757
Oh definitely, proper training of the young is a huge issue in many industries, not just mining. It's partly the fault of Boomers not wanting to share their knowledge, and also partly the fault of managers not wanting Boomers to take any spare time to share their knowledge. But it's a systemic problem that will cause a crisis of competency soon.

>>57692185
>This is absolutely right!
>The banking system is the source of so many of our problems.
A man of culture I see. Few know.

>>57692202
>But it's a systemic problem that will cause a crisis of competency soon.
Yes, I agree.

>>57692186
kek, eventually GV will abandon ship from his #1 position, if he isn't already, and rugpull all his followers

>>57692186
be careful anon, GV said on Jan 5 this will be a big year for BRW

>>57693324
Kek, it's going to 12x from here.

>>57691001
>Bearish for Peabody.
Peabody remains a solid company, and the crisis of competence won't be affecting them alone. I expect it to affect all mining and other types of companies.
Peabody has a global reach, mines in Australia, and I've been advocating for them to buy or open mines in Indonesia, since I often work with them.
And with the Coal Leasing Moratorium lifted (in place since Obama), Peabody and other coal companies now have more potential to expand.

https://www.countoncoal.org/2024/02/the-coal-leasing-moratorium-is-lifted/

>>57693539
lel

GV also tried to pump BRW last week, (maybe to sell) but he failed miserably

Lad, Digital is about to have its last hurrrah before it all goes bye bye and the real world comes back with a vengeance and slaps the piss out of it, buy real money while you still can.

>>57693622
I actually bought like 1500 worth of BTU today. I'll just set it and forget it for a while I think.

>>57693717
I'm not sure BTU is cheap with coal down ~70%.

>>57693754
F

BEX
BEA
AMQ
NCU
BIG
what other copper exploration am i missing

>>57693717
>I actually bought like 1500 worth of BTU today. I'll just set it and forget it for a while I think.
Fantastic. If you're willing to sit for a few years, I am almost certain coal is in for a big comeback as the climate story falls apart and people realize it's the most price-stable, easy to store, and easy to transport form of energy.

>>57693717
I actually didn't sell my shares of BTU. I got pissed that one day -- have a temper -- but always give myself to cool down before deciding. I make it a policy never to make a rash decision in the heat of the moment, and I tend to cool down fast. I just like Peabody. They're huge but still have loads of potential.

>>57693896
>>57693916
We've had some warm winters but how long are people going to want to deal with powerless Texas, plus the infrastructure bill means we need lots of metcoal. I donno, seems like a reasonable place to toss 1500. I like that it's an American producer also, I'm not big on buying foreign companies, especially in commodities.

>>57693896
Also, I think people will begin to realize that CO2, far from being pollution, is a positive good ecologically. It causes much faster plant growth and a literal greening of the planet.
We are literally at one of the deadest points in the history of complex life on Earth going back around 600 million years -- and this deadness was true before the Industrial Revolution.
Total biomass on this planet's surface is way down by historical averages. Why? Because the northern hemisphere is just coming out of an Ice Age (may be in an interglacial stage still) and CO2 levels are at horrendous lows.

Heraclitus said civilizations begin as forests and end as deserts. Reforesting the world by releasing CO2 is good for us all -- and for nature.

>>57693945
>We've had some warm winters but how long are people going to want to deal with powerless Texas, plus the infrastructure bill means we need lots of metcoal. I donno, seems like a reasonable place to toss 1500. I like that it's an American producer also, I'm not big on buying foreign companies, especially in commodities.
Good reasoning. And a few warm winters are nothing to worry about.

>>57693955
Someday, ecologists will catch on to this truth, that CO2 is needed to re-green a relatively dead Earth.

>>57693853
NGEX and FIL

>>57693955
>Heraclitus said civilizations begin as forests and end as deserts. Reforesting the world by releasing CO2 is good for us all -- and for nature.
The bigger issue is that we keep knocking down trees faster than they grow back. Some areas are seeing increased tree/plant growth but in places like South America our need of lumber, paper & pulp is greater than the pace they grow back. Maybe CO2 will help a bit but deforestation is actually a bit of an issue. Not that there isn't enough trees around, yet

>>57694394
Please no one get me wrong; in a way, I am a total environmentalist. I grew up largely in Colorado and the West Virginia/Pennsylvania border. I love forests, rivers, lakes, mountains etc. I love animals too -- even bird watching a little bit. I hike a lot, explore some caves, and occasionally fish. I didn't grow up with hunting but am all for it. Appalachian folk who bag a couple deer can supplement their protein intake that way.
And I want a nice, clean environment with lots of woods. I find such places beautiful and feel at peace when on a long mountain hike in the woods.
I just don't believe CO2 in pollution. But I am totally in favor of building new generation coal-fired power stations that burn ultra-clean.

And deforestation is definitely a problem in South America, Africa, and much of Asia. However, CO2 really does make plants grow much faster. It's not just a little difference, but a very big difference when you put a plant in a high CO2 atmosphere.
So burning coal, oil, and gas -- but especially coal -- literally greens the planet.

https://joannenova.com.au/2010/04/co2-is-the-magic-gas-that-makes-plant-grow/

>>57694581
You can say all that again! I think in the very long term the recent trends in deforestation may not matter much. Population will probably plateau at 11-12B people within this century, or so I've heard, and a warmer, more CO2 rich atmosphere should support the growth of forests all over. In the near term though I do worry about loss of biodiversity, in both forests and the seas. But maybe I'm thinking too small.

I've explored alot of ideas and from reading stuff about o9a there were a few interesting ideas within it's mess. From that i decided the best aryan path is probably hardcore buddhism. You can be strong, get the alchemy in and be a better person. Western hermicism is just as silly as the judeo faiths. I think the main thing i got from the o9a was to push yourself and do things outside your comfort zone but theres better ways to do this

Montage Gold raised $20M above the closing price, now Lundin Trust owns 19.9%. They also appointed new managers and directors.

>>57694964
I too worry about loss of biodiversity, as that takes a while to regenerate. But with a high CO2 atmosphere, all life thrives, beginning with plants and going up the food chain. This will promote speciation and increased biodiversity.
We need to spread these pro-hydrocarbon messages far and wide to make them into new talking points in favor of carbon.

i can't wait to get out of new york, this place sucks.

steel and scrap have been about even, i would think more downside pressure is to come, but I'm starting to read of signs that scrap supply might be getting tight as more domestic EAF facilities come online. We're starting to export less under increased demand domestically. I need to look through the companies and see how many new mini-mills are going to come online in the next year and what their capacities might be.

>>57696488
People should read climate critical books like Alex Epstein's "Fossil Future"; and "The Moral Case For Fossil Fuels", or Greenpeace co-founder Patrick Moore's "Confessions of a Greenpeace Dropout: The Making of a Sensible Environmentalist"; and "Fake Invisible Catastrophies and Threats of Doom", and of course other great authors and commentators on the topic of energy and climate alarmism such as Michael Schellenberger, Robert Bryce, Vaclav Smil and Bjorn Lomborg.

>>57696540
where are you going to go steelanon? please get out of NY as soon as possible.
>image
tasteful edit there with the sewer rabbi

Athabasca Oil just chugging along as usual

>>57696833
that one just doesn't stop going up. No buying opportunities.

>Filo Drills 1,077m at 0.89% CuEq; Extending the Aurora Zone 200m to the Northwest
Filo keeps expanding that massive high grade porphyry.

>>57696863
I bought a decent amount on the $4 pullback. Not a crazy amount since even extended OPEC cuts can’t exactly contend with sluggish overall global growth and also there’s renegades like Iran shipping like 2-3m barrels a day on the black market, I wasn’t so sold on the WTI comeback. However it looks like low $70s might be in the rear view. Might get some XOP calls and cash in on this even more.

>>57696904
The thing about oil is that I love to be long but I'm spooked of adding because it can get slam dunked down on a very short notice. There's a lot of OPEC+ supply sitting on the sidelines. That said oil inventories are low and the market and the consumer seems to be chugging along fine at these oil prices, so as stated I like to be long. I want better pullbacks in equities but the market doesn't want to give those for any of the quality producers.

Hmm CMMG bros what's the plan with the tech boom. Nvidia is mooning. Nvidia and Microsoft is making all the gains right now.

>>57697597
>+95000%
megacaps are shitcoins

>>57697597
I plan to stay in my lane.

>>57697670
Agreed. Literally the entire stock market and all of boomers money is in tech companies.

>>57697746
Same. I'm just here buying shitcos that keep turning out to be scams.

>>57697777
woah, nice quads

>Approximately 75 percent of the world's mining companies are headquartered in Canada

What the fuck?
Why is this?

I'm looking for a medium size mining stock with copper, lithium, nickel mines (does not need to have all of them) or a big mining stock with high dividend yields

>>57698741
BHP

>>57698743
I don't consider 5% an high dividend mining stock.
vale has 9% but is controlled by a socialist, corrupt, south American government and I don't trust them

>>57698741
could you define "medium size"

>>57697597
I held AMD from $6 to $135 and sold in 2021. Transferred all winning into commodities and proceeded to be in perpetual misery ever since..

fuck
I have a stomach ache and I'm vomiting
hate this shit

>>57696827
Leaving to go home to Florida today.

>>57699346
Sorry about your tummy, that's the worst.

>>57697597
My plan is to watch the AI boom because if it pops, I think the stocks that we are watching will be temporarily affected and it could make for some great buying points.

>>57699540
which stocks? ai can literally affect any industry right now.

>>57677628
low IQ

>>57699693
kek

>>57698531
70% of canada is just fucking rock

>>57699346
Take a. Break

>>57699178
Two more weeks
Trust the plan

>>57699178
How does one hold AMD from $6 to $135, when the company is overvalued at $6?

Abrasilver basically at a 3-year low, buy time!

>>57702144
Yes yes, it will be our time at some point. Although I feel like a broken record saying it once again.

>>57702377

It wasn't overvalued at all at that price.
Back then AMD was releasing some of the most impressive CPUs seen in a decade and Intel was woefully lacking in ability to compete.
Best thing was that AMD had Jim Keller designing the processors and that guy is basically the entire processor market competing against himself, because he's so fucking good he has no other competition.
He just hops from company to company to compete against his own designs.
I was paying attention to AMD when it was $1.85 and thought it's going to easily overtake Intel and they did.
Too bad I was an unemployed poorfag at the time so I wasn't able to buy when it was piss cheap.

>>57702377
When I bought in back in Sept 2016, it was my first foray into the markets as a young adult. I think I downloaded the Stocktwits app and started digging around and found some tickers, amongst them AMD and NVDA. NVDA already went from $15-$30 and AMD $2-$6 so my naive self thought AMD was the better buy, regardless of % gain. The book on AMD was that they were debt-laden and in the midst of a major restructuring to re-claim market share in CPUs/datacenters from Intel and GPUs from NVDA. I think the pronged market grab opportunity also swayed me to AMD, since NVDA was mainly in GPUs. AMD also had a prodigious CEO, Lisa Su, who was seen by many to be a practical visionary who could right the ship. Fast-forward to 2017, the long-rumoured first gen “Zen” 14nm architecture (which became Ryzen) started undercutting Intels (coffee lake?) line of CPUs and next thing you know AMD is leading in mindshare.de CPU market share. Their EPYC datacenter solutions also cemented their place in that market, with huge partners like MSFT and AMZN. Threadripper pushed the envelope on how many cores you could fit into a unit. Their Radeon RX 580 series was also successful at re-booting their GPU race against Novidya, and created tons of revenue during the initial 2017/18 crypto booms, as the RX 580 was the preferred rig for ETH. I sold in 2021 as I said earlier because it felt like QQQ was topping, which was correct for a time.

Sorry for the read, but I had some fun recalling some of the highlights of being an AMD stock holder. My next mini-desktop will feature a Ryzen 7 hopefully!

>>57702640
>>57702644
Sure AMD makes some great chips, but there is competition, In 2023 they made net $0.53. Back in 2016 they were losing money, I don't see the value here, when the company makes very little net. Their margins are shit and you can't argue it's a temporary, because they've been shit for more than a decade. If you ask me AMD was a bubble at $6, It's a much larger bubble right now and their revenues are down YoY but price is higher. It has been a greater fool game for quite some time now. You found a greater fool to buy your shares and got out before the bubble popped. Hats down for that.

>>57702733

There wasn't competition once Ryzen came out.
It mogged the absolute fuck out of Intel's offerings for multiple generations by having far higher core counts while consuming a fraction of the power.
Through Ryzen AMD captured the entire market mindshare for years and made Intel look incompetent as fuck as Intel's CPUs were overheating worse performing pieces of shit in comparison.
It took many generations until they were able to reach parity in performance and even now you can easily argue that AMD is a better option due to being more efficient and actually having real cores, unlike Intel's e-cores that they use to try and produce less heat.
You're focusing too much on fundamentals like raw profit in this market. Things have been driven by cheap money and hype for a good long while now.
The one who owns the midnshare basically owns the market and AMD regardless of their profit, was pushing out incredible products and Intel still hasn't risen up as equal competition regarding CPU market mindshare.

>>57702835
>You're focusing too much on fundamentals like raw profit in this market. Things have been driven by cheap money and hype for a good long while now.
AMD chips are superior to Intel no doubt about that. Well I'm kind of old school in that regard fact of the matter is AMD have grown their market share, but haven't grown their margins. To me in the end a company is worth what it earns, and AMD doesn't make money, they can only make money by cutting R&D and in due time competition will catch up, because it's a competitive market. I get your point, I'm just baffled they're not making any money for decades.

>>57702835
The rise in the share price has probably nothing to do with fundamentals, and has all to do with ZIRP and QE to be quite honest. So no point in us debating fundamentals.

>>57702930
everyone piles into techshit that's barely profitable, meanwhile the materials that actually run the world are completely forgotten
honk honk

>>57703065
Our time begins in two more weeks, personally I am trusting the plan.

>price goes up
>gary says buy
>price goes down
>gary says sell
>repeat over and over
I don't want to fucking buy into green after I just sold 2 days ago in red.

I think I'm beginning to feel a little better. Zero energy, body feels like it's made of lead. Just drinking water to sustain myself, no appetite for food and also would probably vomit shortly after eating. Head hurts, stomach bloated, but haven't vomited since like six hours ago and the feeling of sickness seems to be slowly fading away.

god damn I love ice cold water

>>57703336
>but haven't vomited since like six hours ago and the feeling of sickness seems to be slowly fading away.
You're good. Will feel like yourself in a day or two.

>>57703329
gary says buy when gary says sell
gary says sell when gary says buy

The fact that long term interest rates aren't rising is really bothering me right now. I can't figure out what is pushing them down (except the fed buying off balance sheet). Any ideas?

Brunswick Exploration: The gift that keeps on giving.

>>57703668
Trust the plan! Diamond hands.

did the banksters leave early for the synagogue today? I'm actually seeing some green in my portfolio

>>57703496
New post

>>57703329
Why were you red? The whole point of the trade was a breakeven stop. Unless you waited too long for emotional confirmation?

>>57703869
kek, Gary says

>>57703869
>>57703889
>>57703916
Keking my fucking ass off.

>>57703889
>>57703869
>>57703735
>>57703696
>>57703668
https://pastebin.com/pk8zsx5u

>>57703496
>>57703329
>>57703916
>>57703945
>intermediate cycle
>intermediate cycle
>intermediate cycle
>intermediate cycle
>intermediate cycle
>intermediate cycle

>>57704196
>8 year cycle low.
>8 year cycle low.
>8 year cycle low.
>8 year cycle low.
>8 year cycle low.
>8 year cycle low.

Tech bros, I kneel

If this line doesn't go up I'll say some gamer words.

>>57693853
SURG
PEX
QCCU

>>57685637
What happened to Trillion? Are they going bankrupt?

>>57704875
Something about a hedgie and a ledgie and a bunch of shares liquidated at any price

>>57704323
>If this line doesn't go up I'll say some gamer words.
You'll be saying quite a few gamer words.

Miners actually looking good chart wise right now. Seems like a bottom may be in. Gold also doing swell

>>57705616
>Miners actually looking good chart wise right now.
Really how do you figure? I have an opposite reading when looking at the charts.

>>57705651
Well, gold held above $2k during Chinese New Year week which I think was a bearish backdrop for gold since the chinks are big buyers while yankees love to short gold. I do think gold would still preferably have to break above $2,050 to really drive in that bull trend so I suppose it could go down. As for miners, market leaders like Agnico have started going up very clearly. Some of the lower quality miners are still down in the dumps but I see strength in the higher quality companies.

Granted I'm not great at TA. What do you see?

https://youtu.be/tslhsFi9hw4?si=PwwR8ODk11vVQkZk
new CruxInvestor interview with Sovereign Metals

>>57705737
They could bounce in the short term but the weekly and monthly charts aren't looking too good. Stocks like AEM and LUG are going to do good because they're well managed, but the rest are breaking supports and printing large red candles (Wheaton is a good example NEM too). Gold was making higher highs and higher lows, but now it made a lower low and probably a lower high will follow that. Maybe the markets pull back the dollar strengthens pushing gold down. We'll just have to wait and see, as I mentioned a short term bounce is possible, but I wouldn't believe it unless gold makes a higher high.

>>57674390
the only metal I fuck with is palladium, its the migrant inu of metals

>>57677471
he is ok, landing on pavement that high is like landing on water

>>57705737
>>57705818
>AEM

all my remaining powder just went in, 2nd biggest position by cost basis

>>57706400
Same, it's about 9% of my pf. The only bigger position I have is Sovereign Metals at 10%. Gotta love Agnico

>>57705616
>>57705651
>when looking at the charts.
The absolute state of CMMG.

A nice chunk of placer gold from Pine Creek in the Atlin gold belt, from Brixton Metals.

>>57707229
lotta gold in that quartz. cool stringers

https://archive.is/u2S9g

Interesting article on low-emissions steel making. The easy road is mini-mills, but what I think we're going to run into in the US is that the dependence on scrap (recycled steel) to operate them is going to cause shortages of the input materials.

>The hardest industrial processes to electrify are those that require intense heat around the clock, especially if they use fossil fuels not only to generate heat but also to provide some sort of chemical necessity—such as the carbon used in steelmaking. This is the most experimental end of the spectrum of electrifying industry, but also potentially the most rewarding, since steel, chemicals and cement together account for more than half of industrial heat and thus for a similar proportion of industrial emissions of greenhouse gases.

>Several well-funded startups are pursuing radical innovations in aspects of steelmaking, one of the world’s most polluting industries. Electra, which is backed by Amazon and bhp among others, has found a way to make pure iron in a fire-free furnace. A picture of Arnold Schwarzenegger’s Terminator—who met a molten end in a steelworks—glares down at researchers at its laboratory in Colorado as they dissolve iron ore in a chemical cocktail and zap it with electricity. This “electrowinning” technique produces pure sheets of iron without using any coking coal or fossil fuels and so emitting hardly any greenhouse gases. The firm is chasing rivals including ssab, from Sweden, which plans to commercialise green steel by 2026.

>>57699679
>which stocks? ai can literally affect any industry right now.
Agreed, yeah that's what I'm saying. AI is such a buzz right now that if it should faulter, it could push the total market downward and give us some buying opportunities. Sometimes we get some lucky periods where liquidity issues or total market panics cause a pull out on even businesses that aren't effected by whatever triggered the fear.

>>57707404
that samples probably within less than 100m of the source, gold ore like that doesnt survive very long in a water or glacial course.

>>57678819
How many truck loads of bags are trucked to Idaho ever day? That place must be busy 24/7 cranking out them 1,000 ounce silver bars.

>>57685456
>if you have citizenships and passports and willing to be mobile between countries.

This is an excellent post. Can you elaborate what you meant by this? I’m interested in getting into energy trading. Where should I start to be able to read companies better? Do you think the $1.6 natgas price is a floor?

>>57707229
Bullish for Brixton?

Sunrise Coal ain't doing so well.
Sad :(

I've done work at their Oaktown Fuels Mine. They used to produce over 6 million tons of coal annually and were Indiana's second biggest producer.

https://www.coalage.com/departments/breaking-news/hallador-restructures-sunrise-coal/

>>57709490
It truly does make my heart sad. Oaktown Fuels Mine is one of the first mines I worked at and helped make my bones at.
I am getting in touch with their higher ups, whom I've been on very friendly terms with for years, in case they want to send any talent to my company.

>>57709643
They can also send some talent -- those willing to relocate -- to various other companies I have contacts with. I'll be all over this situation out of sympathy for the guys and for the opportunity to snag great talent.

>>57709648
Hallador Energy, Sunrise Coal's parent company, has a lot of debt from what I understand, so this is why I'd guess this downsizing is happening. Indiana is a paradise for coal mining due to their laws and is going fantastic in increasing their coal production year on year.

>>57709655
*doing fantastic

Indiana has a law that most of their energy must be produced in Indiana -- which means coal!

>>57709691
Needless to say, I will be above ground and all over the phones today trying to get placement ready to good miners who get the ax, at my company and others. Coal mining really is a brotherhood -- deep loyalty.

>>57709490
Isn't Sunrise that coal company owned by that one politician that keeps racking on debt he can't pay off?

>>57710232
Not sure about any of that. As far as I know it's a subsidiary company of Hallador Energy. But the company does have debt, for sure.

>>57710280
Okay I got the vompany mixed up. Sunrise isn't owned by the politician. Here's the article about what I was alluding to, Governor Jim Justice is literally faking it 'till he makes it. It's honestly astounding
https://thecoaltrader.com/gov-jim-justice-is-beloved-in-west-virginia-just-not-by-his-creditors/

>>57710334
Oh yes, Jim Justice, and his whole family, are fucking crooks. I once got ripped off by one of them, but won't go into the details.
They're just bad people, not the pride of the great state of West Virginia, that's for sure.

>>57710387
I'd actually like to hear that story

>>57710388
It's just kind of simple. I collect miniatures, 1:50 scale, of mining equipment. A member of the Justice family, a relation of Jim Justice, can make such models -- I've seen it. So I put a down payment on some models, totaling a few hundred bucks, and he never delivered. Rumor was he was a junkie who blew the money on drugs. This was in West Virginia. I dropped the matter because he's connected, but I did yell at him a bit. That was the end of it.

The sort of models I am talking about are like these:
https://www.ebay.com/itm/403888650108

However, the home made versions are less fancy. But it's hard to find, say, a battery powered coal hauler made by a company like Weiss.

>>57710460
just a simple scam, those are infuriating. Been there myself, now I only do second hand deals face-to-face

>>57710922
Yeah, it wasn't any huge or complex or really diabolical scam. Just a drug addict with some talent looking for quick cash trough false promises.

>>57710928
it's always some petty criminal or a druggie. Can't trust people to keep their end of the deal nowadays. Sad state of affairs

This is from the Cameco board over at Yahoo.
If you wondered who's buying into Uranium at the moment, well it's the normiest of normie money getting in.
I bet all Uranium stocks are going to correct harder and longer than anyone anticipates.

>>57710946
There's a bad moral decay in our society and really, throughout the world.

the face which haunts your nightmares as you flip burgers for $10 an hour

>gary say

https://twitter.com/garysavage1/status/1761368619009851902
>Gold:HUI ratio at 10. The only time it's been higher was at the bear market bottom in late 2015. Miners produced a huge rally of almost 200% over the next 8 months.

>>57711052
idk man Cameco seems to be at support right now. Sure lots of stupid normies chasing highs and selling lows but I don't think uranium stocks need to go down much. Maybe if the current support is broken Cameco could go down 5-10% more. I'd like to see a bigger correction myself though.
>>57711367
I never listened to this dude. Man's a retard.
>>57711707
>>57712270
if gold breaks above $2,050 time to be super long

>>57711052
The stock crashing for the moment is good imo, means I can load up more.

One of China's major copper mines is set to become the worlds largest.
https://www.mining.com/zijin-to-expand-tibet-copper-mine-expected-to-be-worlds-largest/

>>57708553
>Can you elaborate what you meant by this?
Feds raided his operations, they got tired of all the violations and fraud. Lots of enforcement actions by various other agencies. Word on the street was he fled again to avoid arrest prosecution.

Energy trading? Too broad. Investing, day trading, you have millions and a terminal to send/receive product, or you just want to buy and sell stocks daily or do you want to invest? Its a crowded, best to find a niche or just be patient for larger swings down. A few years ago Exxon was $35/share. Smaller companies lie a lot about production (paper production is reported production but no fluid produced, same with idled wells (no production reported so no royalties paid but how would you know if the well if actually flowing or not?). I have been in the field and seen wells not even connected to flow lines, rusted closed, not touched in years with reported paper production so the wells are not classified as idle, but so little production no royalties are paid either.

>>57685456
>There are tens of thousands of idle wells that are not worth the money to repair and no operator wants to pay to P&A they just go BK.
>>57708553
>Where should I start to be able to read companies better?
The big companies are more legit, generally. Other companies devise different business plans, sometimes shorting those is a better option, but its up to you to learn about their plan and understand their "potential"
https://www.youtube.com/watch?v=6c-WCg2Y7sE
You can see from the well sites there is no infrastructure to connect the well too any more, therefore no larger scale production. If the well produced enough to run a decent generator, would set up a btc mining rig with satellite connection? In many locations once you touch (own a well, any part) you never get rid of the financial liability so you need to be shielded as much as possible). Years ago there startups that assembled shipping containers filled with btc mining rigs, ac, and generators and would drop them off at certain wells that flowed enough gas to run 24/7 but enough for large production, or they would consume flare gas.

There is a guy who lives in Cushing OK, he goes out regularly to fly a drone with a thermal camera, he takes pics of the tanks, thermal shows tank levels. He send pics to energy traders around the world so they can update their trading models. You can do what everyone else does, or come up with something new. Making real money for you may be a few hundred thousand, but for big business a few million is too little to even consider a deal. Ask questions, do research, find a niche, start slow, verify your assumptions and understanding, adjust as needed.

>>57708553
>Where should I start to be able to read companies better?
No simple answer, because a lot companies you look at may not make sense from a gas production standpoint, that is because the company is more a game than an actual production company. I found this vid on the same company, more detailed business review. The more complex and confusing the business model (different than oil/gas production) the more of a finance background you need to understand what they are actually doing with the books/money, and if its worth anything now or bk is the only future (shorting the inevitable collapse). Many business just move money from loans and asset sales into salary and bonuses in complex ways. Not saying this company is or is not, just saying you need to really understand what the company is really doing.

Also, you may or may not like the guys channel and may or may not learn something from it.
https://www.youtube.com/watch?v=ZGvu6M0qZ9s

It's happening in two weeks.

>>57712270
>>57711707

Anyone who leans heavily on technical analysis is a fraud

Update on this Peabody Mine:
I have now heard several really bad stories about the mine superintendent, even about how he treated his second in command years ago. Part of the second in command's contract was this mine would provide housing. The mine superintendent let him sleep in his car for weeks, not honoring the contract, and told the guy "Well hey, at least you're saving money on housing." The second in command quit pretty quickly -- can't blame him.
Word is Peabody executives are looking to replace this superintendent, and it sounds like they need to.

>>57715780
Very irresponsible but good that management sees the issue. Seems like the superintendent has grown a big head

>>57714507
Funny you mention this company. My father still invested actively and he thinks it’s widely misunderstood and undervalued. While others think it’s basically a scam and that they’re claiming the ability to plug wells cheaply and profit from old wells when they really can’t.

I'm making an education plan for steel and I'm so overwhelmed with everything I have to learn. It will take me years.

>>57715974
good luck friend! it takes a lifetime to become an expert, you have to start somewhere!

>>57715943
>widely misunderstood and undervalued
He should be able to explain to you in detail exactly how they operate and make money then, where the value is. I see no good reason to take on 150,000 bad wells to get a relatively few good ones. It could have been a poison pill tactic to defend against to aggressive regulatory oversight, but that can also work against you by giving regulators significant leverage to drive you into bk with all the violations.

>profit from old wells
probably not from producing gas and selling it, but with financial magic with rolling debt, buying assets repackaging and selling assets, more financial magic, tax credits. If you can understand what they are really doing, maybe you can make money. I do not fully understand their business so I do not invest. I have seen other companies with similar operations and I would not touch any of those. There are some smaller companies with little to no debt nor expenses who can buy marginal producers and operate them profitably. Those are companies worth looking at. During the bust cycles smaller viable companies can pick up assets for cheap from others who went broke because of the debt rolling scam.

The vid with the analysis seems to suggest they may implode with higher natgaas prices (they hedged lower), and increasing interest rates. They did a little pivot by getting into the p&a business, probably with financial support from the state they are based in. When states keep the tax credits and financial incentives flowing some business can stay in business a bit longer waiting for the fed to cut rates again.

https://youtu.be/B8Eg-9UfF6E?si=Twh9Z_IkQubYsxUX

Daily reminder if you bought uranium stock thinking you're going to 10x, then you're an idiot

>>57715827
Truly irresponsible, and the guy sounds like a total asshole -- and like a coward in the way he avoids discussions about revamping new miner training.
But the mine has tolerated him in this position for more than a decade, so maybe the executive types like his style. I don't know. But most near the top in the mine hierarchy, and in my maintenance company's hierarchy working there, want this superintendent replaced.

Is Impact Silver still a buy?
I'm thinking of averaging down

https://twitter.com/trackinsiders_/status/1761447831364141203?t=Xi1Myq-UDq-2xhwtrnbnzQ
>The Walton family just sold $4.5 billion worth of Walmart $WMT
>Each sibling (Jim, Alice, and Rob) sold $1.5 billion, the trades were reported after market close Friday - most likely to avoid media coverage

>>57716430
Thank you! I think on weekends and nights I will do more big picture stuff (like reading books and so forth) and doing the weekdays work on analysis. I think it has to be a bit of a balance so that I can make progress without getting caught too much in the weeds.

>>57718015
during the workdays*

>>57717227
if you bought 2 years ago when that video came out you would have basically doubled your investment

>>57718115
That's what Rick say in the video, but the retard asking question was like "hey its different this time, we'll 10x or more"

Now Uranium is slurping the 70s and most analyst called for 100-140 range max.

>>57718115
Bros who bought Snowline 11 months ago doubled their money. I bought more while 1 anon here kept telling me to sell, now analysts are putting out a target price of C$22.88 and this doesn't even include the newly discovered area that could be another potential Valley deposit

https://cdn-ceo-ca.s3.amazonaws.com/1itknae-20240220-SGD-Agentis-Revised-Mineral-Inventory-Estimate-for-Valley-11.1mozAu-at-1.20gptAu-NAV-Up-19%20%281%29.pdf

https://cdn-ceo-ca.s3.amazonaws.com/1itknsc-20240220-SGD-Valley-Discovery-Deja-Vu-All-Over-Again-New-High-Priority-Aurelius-Target-at-Rogue%20%282%29.pdf

>>57718585
whats your current % gain right now ?

Feelsgood having such a big winner. Sitting on half my Hercules position that I sold at 10x. Now 5-6x after the dip. Going with a big position right away at 15m market cap allowed me to open 4-5 new position for free recently with this run.

I'll hold the second half since their plan is to drill 20k meter this year and sell it early next year. Lifechanging gains if they succeed.

2024 is ours brothers.

>>57718659
overall around 300%, first 7,000 shares are 15x, but added 10,000 shares in the last year that are 2x

nice gain on BIG at 10x

>>57718585
>>57718659
see thats the kind of crazy returns on a project we have been waiting for! Dont get to cocky though! this is early on in discovery still, the price wont stay like that forever!

>>57719265
>Dont get to cocky though!

I won't, I probably don't have enough shares to really "make it" unless SGD makes a 2nd big discovery, then I might have a chance. I paid a lot of dues from '20 with Alexco, Aurcana, Great Panther and more

>the price wont stay like that forever!

that's what I'm hoping! Agentis says it's supposed to go to C$22.88 (better than Gary says)

>>57688124
im out here, probably should add more...

>>57718659
Made about a 3x on BIG.

Currently about to make another 5-7x on BEX when this next drilling round turns out to be extremely successful.

>>57717858
The big guys are cashing out, they can never cash out the whole bag, but it's an illusion either way. Even if they cash out a a dozen billions or two here It's probably worth as much as the whole business absent a bubble.

>>57719265
Very grounded opinion. That's the reason I sold half, willing to play with the second. Won't hold until the end, will slowly sell again if it start going up.

>>57719616
Based.

>>57719629
The opposite, I think they're buying, no reason for such a big volume and yet no leg down. Its still a binary outcome right now, they either make it big with this drill season or go dust. Willing to take the risk since its a real opportunity at life changing gains for me, not mere illusion like most explorer.

>>57719819
Wasn't talking about miners, the article the other anon posted was about Walton family selling billions in Walmart shares.

>>57719834
Oh indeed, didn't pay attention. They're indeed cashing out. Gates foundation sold out a lot of shit last week too.

Why did the thread die all of a sudden? Buy signal I guess... What does Gary say?

>>57719819
has Snowline started looking into the costs of an all weather access road yet? air access only is fine for exploration, but actually developing the property will mean they need road access.

>>57721292
>Why did the thread die all of a sudden?
??
We've had this thread going for over four days. If you mean why did things go quiet it's because it's the weekend m8.

Weekends are back to slow hours since Lassen learned to fly and stopped taking Bob's drunk bait.

>>57721424
>Weekends are back to slow hours since Lassen learned to fly and stopped taking Bob's drunk bait.
Kek. I was just shit posting, I know things can really slow down in /cmmg/.

>>57721424
>>57721581
Enjoy these slow thread while it last, breakout in the next 2 weeks and then we finally get paid after 3 years of waiting

>>57721292
I'm busy learning steel. I poke my head in but don't have much to say today. Excited for what this week might bring, I think scrap should continue down but I want to know what happens when scrap hits support...will steel bounce back up?

If you look at the last times scrap and steel bounced off support, they nearly met at the same point (scrap a bit before, which makes sense for US steel). Now scrap really outpaced the drop of steel.

>>57721601
>breakout in the next 2 weeks and then we finally get paid after 3 years of waiting
I am trusting the plan sir.
>>57721716
Why the fixation on steel? Does it make you hard?

>>57721815
>Why the fixation on steel?
It's a pillar of modern society and it has got high volatility in tight cycles, so no need to wait for really wide, far apart cycles. It's going to be a requirement of our domestic infrastructure goals, but also of international growth.

>Does it make you hard?
If it gets too hard I anneal it.

>>57721934
>If it gets too hard I anneal it.
Chuckled.

>>57721815
>2 weeks

>I Believe Gold & Silver Demand Will Rise 4x Within 5 Years - Rick Rule

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

>>57722873
>The share of gold and gold related investments in the US is less than a quarter of one percent, the four decade mean is 2 percent. Now I'm not sayin gold will go to 6 GORRILION $, what I'm saying is it will go back to the 4 decade mean, and that means a four fold increase in demand,
Let me guess this is what he said in that video... heard it 10000 times.

>>57722931

>>57722981
>The gnome "credit analyst".
Had quite the respect for him, but lost a bit of it when he stopped calling out the FED and saying positive things about them, since he's opening a new bank. Haven't heard him call them counterfeiters in quite a while, I guess It's ok now since he'll practice counterfeiting through fractional reserve banking. I still respect him, but idk was he being intellectually dishonest or what?

Special bake coming soon

New bread

>>57723353

>>57723353

>>57723353