Russia has more minerals than any other nation by far edition!https://www.zerohedge.com/geopolitical/russia-dominates-us-worlds-largest-owner-natural-resources
>>21555035
>>21555035Thanks for the post, i dont have the pasta or i would have done it earlier. Loads of things happening today in the world of mining. https://www.mining.com/web/resolute-mining-ceo-executives-detained-in-mali/https://www.mining.com/web/top-rio-tinto-executive-calls-on-trump-to-fast-track-approvals/Goldfields mining also had some huge news but the links to it seem to have vanished, if they pop back up again i ll post.
Everything radically changed after Trump got elected.Are we in for a 4 year bear market or are we in for a giga bull market with all of the money he is going to print/spend?
>>21555806Yes
>>21555737>picBeautiful.
>>21555737You are always welcome, PAN MAN sir.
It feels really bleak for silver
>>21556152
>>21555897so which one?
>>21556152It might just be the case that silver is now an industrial metal, not a precious metal, due to technology and the industrial revolution. Remember that the industrial revolution is the biggest change in human ways of life since the agricultural revolution 10,000 years ago. It changed a lot. It may also have changed silver's millennia old status as a precious metal, downgrading it into an industrial feedstock metal.
Are the markets seriously under the delusion that Trump is going to radically cut spending with the help of Elon?This isn't going to fucking happen. Trump is going to radically increase spending.Trump's election seriously fucked my hopium for a commodity bull market in the next 6 months. The markets are pretending Trump is going to slash spending and save the US dollar so they're dumping gold and other commodities. When the markets realize Trump is going to destroy the dollar by expanding government gold will skyrocket, but in the meantime I'm going to stay poor.Elon and Trump are destroying my financial future.https://www.forbes.com/sites/digital-assets/2024/11/10/its-unsustainable-tesla-ceo-elon-musk-issues-us-serious-bankruptcy-warning-amid-huge-bitcoin-and-dogecoin-price-surge/
>>21555806>Everything radically changed after Trump got elected.nah
>>21557166Kill yourself
>>21557166he might cut some fluff here and there but if he doesn't touch medicare and military spending it won't matter.
>>21555806Only thing trump has proposed that might affect the economy is the tariff thing. Last time someone tried a serious protectionist tariff policy we had the great depression. Most likely congress won't allow it, but if he gets a willing congress we might see the end of the US as a consumer powerhouse, with the rest of the world following into the pit.
>>21557166>Trump>cut spendingLmfao. The US needs to inflate for a few more years to devalue the debt, then maybe they can cut spending, but I highly doubt it.
I hate the countdown, can't even post anymore.What is our copium with mining companies and Trump winning. Will precious metals go down because of Trump?
>>21559538Everything will increase in value and everything will be cheaper.
>>21559571My resource stocks will increase in value and decrease in price.
>>21559538The fuck you guys bought that your miners are down?
>>21555806Kang Dollar broes are so back.US will dilute less than jap, euro, bongs, cannacucks, swissies and antipodeans.This is going to be a superb environment to short commodities and their associated securities.
>Response to Reports of Employees being Detained in Mali>Resolute Mining (Resolute or the Company) (ASX/LSE: RSG) confirms that the Company’s CEO,Terence Holohan, and two other employees, have been detained in Mali by Government Officials. The executives were in Bamako to hold discussions with the mining and tax authorities regarding general activities related to Resolute’s in-country business practices, and to progress open claims made against Resolute, which the Company maintains are unsubstantiated.>Following the conclusion of these meetings on Friday, 8 November 2024, the three employees were unexpectedly detained.>Resolute has followed all official processes with respect to its affairs and has provided the authorities with detailed responses to all the claims made.>Resolute’s priority remains the safety and wellbeing of its employees. The Company is in regular communication with the three detained employees who remain held at the Economic and Financial Centre of Bamako (Pôle Économique et Financier de Bamako). The employees are being treated well and continue to receive support on the ground from the UK and International Embassies and Consulates.>The Company is continuing to work with the Government on a resolution and will provide further updates on the situation as appropriate.buying this dip. Just pay the bribes you stupid upside down crocodile riding rednecks. They want the tax dispute money they think is appropriate, not the amount you think. Just pay the fucking bribe.
>>21555806
>>21559622Do you like cowboy hats?
>>21556369>It might just be the case that silver is now an industrial metalMajor mints produce bullion silver coins, and the majority of the world's population does not give a shit about solar panels or Tesla batteries they want a stable medium of exchange. Gold and silver are downplayed by the central banks and their cronies which distracts the average folks trying to make it, but as the US dollar and the US economic power continues to decline more people are waking up and buying silver because gold is too expensive for them.>>21557166>Trump is going to radically cut spending with the help of ElonThey are trying to fast track business licensing of all types to boost economic productivity and taxes on that will help, for a while, but the western finacial system if based on exponential growth which will implode at some point. >>21558603>then maybe they can cut spending, doubtful, a lot of spending is for "black projects" for military and spying but also for looting the country so it will not stop. The US passed the point of no return long ago and this will be a major point for BRICS to exploit. They will put gold and silver and the new financial system they are developing to the forefront as a tool against US econominc power. Besides with all the massive silver production from Graeme maybe silver we be worth nothing, is he not flooding the market as we wait the 15 minutes to shit post?
>>21559889>Do you like cowboy hats?
>>21557266It did though.Why do you think gold sold off?>>21557365Eat shit>>21558603ExactlyTrump is never going to cut spending.>>21559894>They are trying to fast track business licensing of all types to boost economic productivityThat won't do shit>taxesCutting taxes will increase inflation
>>21559643God dammit I hope this isnt true
>>21559818>>21559643Why do you think trump would help the dollar when the policies he advocates would destroy it?
Pretty cool CA historic mining video out in the hillshttps://youtu.be/0Zv4adVy1tc?si=Ix_oB022cooD4wWJ
>>21559981>gold sold offlol zoom out, gold has barely movedrisk off investors buy gold in periods of doubt, either result in the us election is a removal of some doubt and creates a reduction in gold demand.
>>21559750>Just pay the fucking bribe.That's shareholder money they're playing with, they need to stay strong and drive a hard bargain even at the risk of their lives. Executives work for us.
>>21561142It's the bribe or nationalization. Shareholders will benefit from the company paying up and ensuring they keep their social license to operate. Cost of doing business
>>21559750It's just so tiresome...
>>21560039For the same reason some cucks believe that BRICS wpuld introduce "le gel bak'd currency" exactly this year despite they are failing to deliver it for 20 years now plus economics of main BRICS countries depends on govs PRINTING - meaning gold is their nemesis and not their friend. You cannot reason to these morons because they are brainlets who cannot into logical thinking. Trump been a major money printer of recent years.
What happened to Polymetal?
Uranium's down again is it time to start buying again? Fundamentals seem to be about the same
>>21561838Depends on the company. Some of them are still priced really high for what they offer. UEC was a bargain at $4.40 in August/September, sold at $7.15, now $8.Fundamentals are still getting stronger. Japan restarting yet another reactor beginning of next month. If Germany elect their pro nuclear party soon then they might save a couple of theirs from senseless demolition. Term market buying has really ramped up, but spot is slow because no one can find conversion capacity in the next 3 months.
its giga over
>>21562152it’s so fucking bad. Silver has been failing miserably to resume a Bull trend in the greatest period of economic inflation for 13+ years
>>21562152It just defies all logic when the market is so fucking small and vital
>>21562266All commodities shall be heemed.
>>21562152Is this literally the worst bear market for junior gold stocks on record?
>>21562437It will get worse too. It truly is so over.
>>21562451>It will get worse tooYou don't know that, but damn is this a fucking long bear market even with gold at ATHs the miners are dead/
Wait till December xD
>>21562470What happens then?
>>21562508Santa will kill the rest of our gains.
Is Gary bullish or bearish?
>>21562780Yes
I'll say this again:It might just be the case that silver is now an industrial metal, not a precious metal, due to technology and the industrial revolution. Remember that the industrial revolution is the biggest change in human ways of life since the agricultural revolution 10,000 years ago. It changed a lot. It may also have changed silver's millennia old status as a precious metal, downgrading it into an industrial feedstock metal.Gold might be the real money metal nowadays.
BTW fuck Posobiec with a stick
>>21562816But the current system is so incredibly fragile and clownish. Certainly people can’t go down this road forever?
>>21562816I agree. But don't underestimate silver's speculative volatility in a gold bull market. Which by the looks of it is over. Its over. Forever.
>>21562833Ch-checked
>>21562816I guess they better start mining more silver to close that supply deficit if they want to keep that feedstock metal price down to a reasonable level
Oh, noes, Rob broes!Are you ok?
Remember, bois, let the jew work for you.
Today might be the reddest day I have ever experienced. -14% right now, though it was worse earlier too
>>21559981>That won't do shityour canadian flag explains your lack of understanding. Tax receipts are bases on business actually being in business and making money. Business usually make more money when they are not being strangled by retarded government workers. Trump can delay the inevitble dollar decline, or accelerate it, either way everything is going to be more expensive everywhere because the US exports inflation.
>>21562266>all i have is silver Lmaoooo
>>21563097how much leverage you using on shitcos?
Rick rule said miners that lost this year will get sold off at the in the lawt formweeks for tax sorcercyIcant tane this psyop any longer
Damn AEM down 6% Thats huge
>>21563097>>21563570kek, are you guys like commodity stocks virgins and this is your 1st year in the sector?
>>21562906Dangerously based
>>21563584My 4th year kurwa
>>21563570just buy good companies that make money
>>21563578did they run out of gold?
>>21563568On shitcos, not much. On profitable and cheap producers, too much
>>21563584Four years in this sector and today is the reddest single trading day I have had.
Now that the sector is red and people are not gonna feel like they are too good to reveal their secret tickers, post your holdings so I can accumulate.
It was over before it begun.
>>21563854typical monday action here
>>21563678Am i the dude in the webm or what do you mean?
>>21563854
Buying today's Snowline dip like a madman, just passed 20,000 shares. Balls deep over 40% of my portfolio. If anything goes wrong before the buyout will have no option other than samurai sudoku-SNWNGR
>>21564055Imagine her being your kaishakunin...
>Everything falls apart even the people who never frown eventually break down.https://youtu.be/Ve1LNJEIKUE?t=39
>>21563935I'm with you AEM bro, Agnico is one of my biggest positions. We're both getting kicked in the nuts today a lot more than we should be.
We will ALL get our shit pushed in. And we WILL be happy.
some news out of Ascot, looks like their trying to get back in the game earlier then expected. https://www.mining.com/ascot-resources-seeks-tsx-exemption-for-37-million-financing/
Another million lbs of uranium taken off the market next year with Paladin announcing it's cutting guidance from 4-4.5m to 3-3.6m at Langer Heinrich.
>>21565261down 28% so far what a bargain
>>21565261>>21565584This is literally my only uranium stock right now. My portfolio is in tatters. Recently it seems everything has gone wrong for me. Fuck me.
>>21565584Think its a good time to buy physical uranium? SPUT is getting closer to its lows from last September again without fundamentals changing it doesn't seem too bad a buy. Been thinking of picking up some more Encore and maybe Denison if it drops further. I've also been thinking that I should be selling the spikes then buying back in after the price inevitably drops
>>21565924be interesting to see how it reacts if the fission deal gets pulled. still time to back out supposedly.
>>21565952I bought most of my physical around these levels (yellow cake not sput). Sold some around the peak last month, but not as much as I should have. There's still time for a $90-95 spot price before Christmas...
NFGchads how we feeling?
>>21565924The cartel won, all my gains wiped out all my losses multiplied.
>gold $2,599.00
I don’t even know anymore
>>21567017Is gold going to 2400?
>>21567043no reason why not. it's just shiny rocks.
As far as metals prices crashing, did Trump's victory restore confidence in American power and, therefore, confidence in the US dollar, thereby causing people to see no need, at least for now, to invest in metals anymore?I think that as long as America is strong (or appears strong), then the dollar will be strong and will be the preferred money to hold onto.
>>21567147more like trump's proposed tariffs on US imports would hamper industry demand worldwide.
Too much emphasis on "buy" here when you should have been selling. What a surprise, /cmmg bought another top.
>>21567182Buy buy buy buy buy
>>21567182selling...?
403 g-m and 307 g-m holes starting at surface for Snowline extending the resource boundary at Valley, plus a possible 2nd discovery, but with gold price down again, not moving much at market openhttps://www.juniorminingnetwork.com/junior-miner-news/press-releases/2961-tsx-venture/sgd/170260-snowline-gold-intersects-380-4-m-of-1-1-grams-per-tonne-gold-and-219-1-m-of-1-4-grams-per-tonne-gold-from-surface-at-valley-rogue-project-and-identifies-500-m-gold-and-silver-anomaly-on-cynthia-project.html
I bought some fission at 25% off.
Meh, the dip in shares i hold is minuscule so far. Maybe in December there would be some deeper retraction if gold would not climb straight back upwards.
>>21568069This is what my poorfolios perfomance has been for the past 12 months, hopefully it breaks this to the upside in two more weeks The dip after the first peak is ~50%
>>21568144have you tried drawing more lines?
>gary is bearish nowbroes...
>>21567700>selling...?Yes.
FAN broshttps://www.globenewswire.com/news-release/2024/11/12/2978813/0/en/First-Atlantic-Drills-New-Discovery-at-RPM-Zone-with-394-Meters-of-Visually-Disseminated-Awaruite-10-km-South-of-Super-Gulp-Zone.htmlThis is part of the same structure as Benton's.Benton definitely has some of this nickel on their property.Holy fuck Benton is so undervalued, why does it keep dumping REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Bath day today
>>21568454I still think Benton is a genuine shitco.
LOL, not only gold price i still down but also prices of my hodings increased. Yes, they increased in price during the day since bottoming.
>>21567182Yeah, we were all stupid to think the mining sector would turn around with gold rallying $1200 dollars in a few months... We should have guessed the miners would keep dumping while gold goes up. That's what usually happens in this sector right?
>>21568908why's that?
https://www.instagram.com/peterschiff/reel/DCPvuYdyfmu/
>>21569029why is this happening
>>21568454If you think this news is so great then why wouldn't you just buy FAN itself? They have a smaller market cap than Benton.
>>21569104because it already doubled in the past 2 weeks and I dont want to be stuck holding the bag if it levels off or dumps
>>21568206Thank god
What the fuck went wrong?
>>21569280Kikes
>>21569280>What the fuck went wrong?Trump.The markets delusional think he's going to save the dollar.It's not even true though, he's going to grow spending, debt and inflation much more than Biden.
>>21568361Thank God! The RGI never fails and our run is about to resume soon>>21564062kek,
>>21568361We are so fucking back.
Can't believe gold went from $1600 to $2800 and the juniors are at fucking 2014 levels when gold was at $1000. What the fuck even is this market. This shit hasn't happened before has it? We are either really stupid or these shitcos will x20
>>21569280>>21569465Everything went right and we are wrongShould of bought microsoft and nvidia and cryptos
>>21570107>Everything went right and we are wrong
>>21569465>We are either really stupid or these shitcos will x20We're just early. It's inevitable they will rise.
>>21569465Jordan Byrne said the miners are just extremely short term leverage/ options plays on gold. Crazy but nobody wants to own gold miners anymore because they’re so antiquated.
>>21570253Without the miners there is no gold.
You gonna loose all your monies.
>>21570274Ya but they haven’t gone anywhere in 20 years
>>21570317They dump while gold dumps or crabs, and go up when gold goes up except this time they didn't.
>>21570274Most gold investors would love it if miners all went bust as their gold would be worth more. It's not consumed, the world doesn't use it up, it just sits there or gets traded as paper (basically nfts). They can always print more gold for people who want the idea of gold in their portfolio.Gold mining is a giantic waste of energy unless they're also bringing up useful stuff like copper or silver.
>>21570274>Without the miners there is no gold.sort ofa shitload of gold comes from miners you can't buy shares of because they're privately owned.a lot more comes from copper miners and various other base metal operations people don't think of when they think of goldthen there's the fact that gold miners are producing the stuff at $2k/oz AISC or whatever while copper mines are producing it for a couple bucks an ounce.and as long as people are mining any metal, we're going to keep getting more gold along with that metal. Hell, we get gold when we mine sand and gravel in a lot of places. It's basically everywhere, just not always worth recovering.
Any idea why the sudden surge towards the end of the day today with uranium?
>>21571178what do you mean? you want tldr of uranium thesis?
>>21571178Maybe the cop29 news about the US building another 35GW of nuclear in the next 10 years filtering through? Maybe someone did the maths on Paladin's drought-related production shortfall and remembered the Chinese have some big mines in Namibia as well. Term contracts are being quietly done behind the scenes, and a few buyers poked their heads back in to the spot market.
>>21571203One of the US utilities also put out a big RFP yesterday.
>>21571202Gibs unraniumb soub recibe pl0x
>>21571161I knew the copper byproduct. Forgot about private equity
Oh, noes, I-80 broes!Are you ok?You didn't listen to experts Taylor Dart, Allan Barry Laboucan and Shad Marquitz did you? They took Ewan's lies and ran with them.https://ceo.ca/@newswire/i-80-gold-reports-q3-2024-operating-results-and-new
>>21573120What do you mean? They want build greenhouse on top of mines too? XD
>>21571753Glowing rocks boil water so we get choo choo electricity.
Unironically over.I hope you fags listened and didn't buy this shit.
>>21573563I didn't buy it. What did they fuck up?
nasty red day for me. almost back to breakeven for the (tax) year now. thanks trump.
>>21573563Why would I buy touch that garbage?
>>21573570They had an infrastructure or water issue since forever iirc
>>21573563Who is next Lion One? Every week there's one of these -50% charts.
Did Sprott fomo at the top of NFG?
>>21573563Damn
Anyone holsing Veren $VRN?
>>21573570>What did they fuck up?It was fucked up from the beginning. 3 of 5 assets have major water problems, one has stability issues, and the original estimate for mill refurbishment has now at least doubled. Given this and a lack of FCF there are no alternatives bar dilution and/or debt. Waterton got rid of its asset to retarded bag holders thanks to the likes of Allan Barry Laboucan, Taylor Dart and Shad Marquitz.Wasn't it "The Dane" who tried to pump this here?
>>21575089Yes. I am.
>>21575094>Wasn't it "The Dane" who tried to pump this here?I'm not sure. I think it was somebody else. I miss the guy anyways...
When do we profit? No two more weeks answers please...
>>21575273My posirion is up 14% at these levels, i fewl like adding more but the chart looks empty below this priceWhat is your opinion?Its one of my biggest oil position
>>21575319OIL has been gay for quite a while now... The market hasn't been making sense.
>>21575319Nice, you caught the bottom. I don't really have a strong near term opinion on the share price. If it's already your biggest oil positions probably best to let it be. Oil market balances seem a bit bearish next year. If it goes down you'll get a better buying opportunity, if it goes up your biggest position will net you a nice hunk of cash
>>21575336>Nice, you caught the bottom.Not really, i got in in november and december of 2021 and holsing since then>>21575325Yea long term i hope oil goes back up in favour of my portfolio on the other hand highe roil prices will mean real life pain >OIL has been gay for quite a while now... The market hasn't been making sense.Pic related points at historic oil seasonality, might give a clue on recent price action
>>21575384As a long term holder, how do you feel Veren has treated you since 2021? It was a remarkably different company back then and has since changed its name, portfolio and general strategy, I think for the better. What do you think?
>https://www.yahoo.com/news/fbi-arrests-alleged-leaker-us-140110776.htmlI'll just leave this here
>>21575288>I miss the guy anyways...Yeah, he was a good sport.
>>21573120>>21573392>>21573563Red BTFO! This was his biggest holding.
>>21575640Yeah, it was the tattoo-headed nigger.
Rick Drule, Brien Lundin, Taylor Dart, Shad Marquitz, Allan Barry Laboucan, and every other "expert" are full of shit.
Silver is going back under $30
>>21576441We lost... It's over for real this time.
https://www.kitco.com/news/article/2024-11-12/gold-pullback-likely-temporary-amid-rising-stocks-crypto-and-dollar-wgc
trump killed commodities
>>21577765Is the market pricing in all the things he said he was going to do (which he won't do)?
Rana broes get extra curry tonight.
>>21578042FUCKING A RANA IS GOING TO DELIVER!
>>21577990sure seems like it. elon musks companies are flying like they're going to get unlimited handouts, and the "bitcoin national reserve" has crypto prices booming.
>DXY printing sequential red candles todaybros...
Feels bad
I mean how early are we? Months? Years? A decade?
anyone else watching how this unfolds? South Africa's trying to crack down on illegal mines but we all know how thats going to go. https://apnews.com/article/africa-business-johannesburg-south-government-and-politics-2ee1a9c2267e7fd827425932e4b12592
>>21575496I still believe that if oul and gas go up that this company will profit
>>21574765There’s enough bashers of this stock for it to truly 5x from these levels.The gold is there,this thing is huge but there’s definitely some fun and games going on in the background.
>>21578042>>21578135Teh village is saved! Woohoo for Poo!
>>21579392Some gold is there, but it's a far cry from all the hype imo.
>>21579633>but it's a far cry from all the hype imo.This sector is practically story telling. Considering it takes more than a decade to open a mine, and most management teams fuck something or everything up along the way, not to mention external factors like environmental protests and permitting issues etc...
>>21579058Two more generations
>>21579087>anyone else watching how this unfolds? South Africa's trying to crack down on illegal mines but we all know how thats going to go.If the mines are productive and the workers are fine with working there, then the South African government is engaging in nothing more than an officious power grab by shitty bureaucrats.
>>21580029the guys digging in these abandoned mines are usually indentured, its the same as the guys digging in the Amazon. They owe some crime boss loads of money, so instead of ending up shot they go digging. Its a pretty crap existence.
>>21580365Not to mention the poor conditions. Illegal mining benefits very very few, and hurts many.
>>21580440the Zama Zama is likely the lowest low you can get in the criminal underworld of South Africa, your life is basically worthless, other then the value you owe in work to who ever you took the loan out with. There's a BBC documentary on one gang that constantly infiltrates the Mponeng mine, often with armed gang members who shoot at the actual work force. It got so bad at one point, that a modified BMP troop carrier was send down underground to assist with clearing out the gangs. There are whole metropolises below ground in these reopened abandoned mines.
>>21580440here's one of the documentaries on this topic. https://www.youtube.com/watch?v=2jNZf9DvYfA
>>21576441>Silver is going back under $30Bayhorse is producing so much silver, and Graeme refuses to sell to the COMEX, they are driving the price of silver to almost zero. I am glad I bought stock in Ocean is making a shit tonne off of Bayhorse's silver ore processing.
>>21580726Quality shitpost>>21580535>>21580538This is the stuff of films. Of course it makes sense but it's surreal anyways
>>21580858oh i went looking for an older doc from CNN of all places on the same topic, they went down an illegally reopened mine with the gangsters guarding the film crew, many of the guys working deeper below ground rarely get to go top side and go nearly feral. There are brothels, various stores and even various factions that operate different levels of the same mine. They often setup in workings near operating modern mines, then punch into the operating mine, hold the workers hostage and steal the ore from the backs of haul trucks. Imagine having to have armed guards below ground because some ganger crew could be hiding in the next stope or stall waiting to off you and your mates. Horror movie material.
>>21580726One of the funniest posts from here when people realized this was a scam was something along the lines of>I just realized something. The DD says they have refused to sell supply to the Comex for years. How can they do that if they have no supply?
>>21580726The rompus room is outside the apartment?
>>21581372>The rompus room is outside the apartment?I mavy have had to may beers
>>21581430Mavy so
>>21580029They are illegal miners working for organised criminal cartels.Besides using explosives,these illegal miners also heavily armed terrorise the local community by committing serious crimes.There's a reason the army has been deployed to the area on the request of the community.They are considered terrorists and many are in the country illegal from neighbouring countries.
>>21580440Obviously there is exploitation, but without these illegal mines these people would be out of work.
Quite a few juniors in the mining sector are hitting -95% levels, are we going to see the magic -99% before the bear market ends?
>>21581948Maybe a responsible private company should employ them.
>The Russian government has introduced temporary restrictions on the export of enriched uranium to the United States :>The restrictions will also affect foreign trade agreements concluded with persons registered in the jurisdiction of the United States;>The exception is supplies under one-time licenses issued by the Federal Service for Technical and Export Control;>This is a response to the US restrictions on imports of Russian uranium products introduced for 2024-2027, and from 2028, a ban;>Putin ordered an analysis of the possibility of limiting the supply of strategic raw materials to foreign markets at a meeting with the government in September.
>>21584040
Sandbros......when shle hits $500m map, what will the stock price be at?
>>21584327Mcap****Stupid autocorrect
>>21584327just divide by shares outstanding.anyway that company is in a bit of a pickle with their debt maturing very soon. I wonder how they will resolve that problem.
>>21584696I know I'm teasing They will dilute like any other normal company. I intend to ride it out since I got in so cheap
VALE is down a decent bit this week with no (news), has the demand for iron changed much?
>>21585985they got a temporary lift when the final bill for the dam collapse came in (cleared of criminal charges apparently) but all their products are trending down on recession and tariff fears.
>>21586104Ah, that's fine then.
>>21586104>>21585985Rio's Simandou project might also weigh on iron ore prices.
>>21584332I only come here and to /pmg/ to post webm related once a year and to see what's up. Feels kinda nostalgic to see WKHS scam still being alive.
>>21585985VALE is mostly down because of high dividend payouts. When you account for dividends it's not very far of the high.
Kazatomprom had a big acid spill and either tried to cover it up, or their employees just decided not to report it so they wouldn't get gulaged.Uranium supply side is cursed at the moment. Everyone missing expectations. Very bullish.
>>21587475Am tardBuy or sell?
>>21587475Also the Russian uranium export ban. Not a bad time to hold uranium stocks
Penis
>https://www.yahoo.com/finance/news/trump-names-fossil-fuel-executive-213214952.htmlFracking bros.....our time is near
>>21593149>our time is nearTwo more weeks.
>>21593149drill baby drill, nat gas going negative
>>21593154its rightful price. The price of natural gas is negative.
>>21593149>Fracking bros.....our time is nearThis may be a good time to find oil field services companies that are trading below their 52 week range. With positive government support (expedited approvals for new leases, drilling permits, frac jobs, and pipelines) oil field services should see significant increase in work. One you chuds kept asking about sand companies before, they may get a boost with the increase in frac jobs.
>>21580365>the guys digging in these abandoned mines are usually indentured, its the same as the guys digging in the Amazon. They owe some crime boss loads of money, so instead of ending up shot they go digging. Its a pretty crap existence.In that case, yes, I agree these mines should be taken under state control and the workers given rights, be freed from indenture, and the mines regulated for safety.But informal mines that are not using slave labor, but are just the undertakings of people who want to dig up minerals to make a living, should be just fine and outside of the purview of the state.The "right to mine" should be an inalienable right.
>>21582352Those private companies, especially in impoverished companies, are very choosy about their workforce, since a job at a real company in a place like Africa is basically a ticket to the upper middle class. Private companies may well look down on informal miners as "not good enough." These people are likely quite stigmatized.
>>21595285*in impoverished countries
Bump
>>21595283the government only considers them criminals, they dont really have a "free miner" kind of concept in SA anymore. If they did, and regulated it amicably then these guys could probably operate and make good money. South Africa though is doomed to a slow spiraling death by corruption.
>>21593149>Fracking brosWho is going to frac town Monday when the market opens? I looked over some of the other oil field service companies and the ones I checked are at/near their 52 week high, except Halliburton which is near its 52 week low. The news for Trumps appointment to DOE could send the price up.
>>21597664Why not SLB? Just technicals?
https://www.bcyukonmining.com/2024/11/16/xatsull-first-nation-calls-for-halt-to-gold-mining-project-southeast-of-prince-george/This is a bit late but Osisko Development's Cariboo Gold projects got a new head ache. The other local bands are all in agreement to work with the project.
>>21597737>Why not SLB? Just technicals?I do not really do "technical analyis". For safer longer term investments I look for larger companies that have been on a downard trend for one or more years and spending a few billion to right the ship is doable. Also what is going on in their industry. I aleady bought Baker Hughes about 34 now its about 43 now, a small position, was closer to its 52 week low. Since its near/at its 5 year high am not sure of the upside and its more expensive. I was already looking at Halliburton because of its size and relatively low stock price. I figured with Trump's frac CEO appointment oil field services business would increase and Halliburton is large. When oil prices are low producers produce as much as they can and opt for re-works, re-drills, re-complete, re-frack. When Oil prices goes up enough long enough then they want to drill new wells. With the new regime I would expect more investment in operating and easy to re-hab wells (oil field services) and if oil price falls producers will still keep operating and maintianing. If prices really increase then drilling and first frac jobs. There is a lot overlap with oil field services. If I recall you said you have access to OG data analysis. I once scraped some data comparing oil price to well permit type and number lookng for correlations bewtween oil price and the number of active and idle wells, and for active wells what types of permits were applied for. I saw no correlation between price and idle wells (they are kept around because they are already there no matter how old). As price increase, assuming low to start with, permits were for re-perforations, recompletions, various treatments, then if prices rose enough long enough there were lots of permits for new wells. It just depends on what you know, what you see, what you are comfortable with, and never go full retard, these are longer term safer plays.
>>21555035bump
>>21600497
Are we back, or is it over?
>>21601865yes
Portfolio deep green
Trump rally over. Tech and DXY topping. Gary bearish again. Yep, commodities are back baby.
>>21602376>Gary bearishWAGMI!
>>21602376>>21603634soon
>>21601802>>21602376>>21603634
>>21604017What a monster. No mercy for those grapes...
>>21604156kek
Why does this feel like a dead cat?
>>21605078An undersea fiber optic cable was cut so the Russians have been unable to spam shitty mining companies. Give the Ivans a few days for a work around then they will be back at it.
>>21605296>FeetThere goes my no nut November
I never see any discussion of AI companies specializing in mining. Even DARPA was trying to figure out why Baywhorse is not finding any silver ore.
>>21605691there's been a few attempts to teach AI to prospect for new discoveries using existing government supplied data, but most have failed due to the simple fact you have to actually truth out the data your giving the AI, a huge amount of historic exploration data and pin points are fake or in incorrect locations. Minfile from the BC Gov for example, often has points for outcrops or showings that are out of sync with their real world locations by kilometers. Often, these supposed outcrops do not exist or are falsely advertised.
>>21605804>there's been a few attempts to teach AI to prospectI used to follow a few companies, but they were bought, folded, sold, re-sold and I lost track. I think one was goldspot, did Sprott invest in that one?, then I think it was sold to Earthlabs. Seem odd that with such hype, but like you wrote probably a lot of shit data or is does not work.
>>21605998>goldspot, did Sprott invest in that one?, then I think it was sold to EarthlabsThey went from mining data to data mining when they bought CEO.ca.
>>21605998yea Earth Labs was one, they staked a huge chunk of territory on the AI's hunch and it didnt show anything worth bothering with if memory serves.
>>21605691>Even DARPA was trying to figure out why Baywhorse is not finding any silver ore.I found more silver today than the horsie has in yearspicrelabout half a pound of silver-lead in silver carbonate matrix, heavy on the silver. Bit of copper and sulfur mixed in for good luck, but mostly just a wad of silver minerals.Adelaide mine(?), Leadville district, Lake County, Colorado. This chunk was a highgrade sample found by an 1800's miner's cabin.
>>21606199I wonder how the ancients knew how to get the silver out of the ore
>>21606233this chunk you just light on fire and 3/4 of the silver melts out as a puddleThe spanish accidentally discovered a way to deal with the remaining 1/4 by cooking it in a reducing furnace with no oxygen like firing pottery. And in cases where there was chlorine mixed with the ore they used salt and sunlight to free the chlorine from the ore and then mixed it with mercury to get every trace of silver out of the rocklots of accidents in discovering how to get silver, but the fact that it usually comes mixed with lead making the melting point lower (like solder) makes getting the silver out pretty easy. Also the melted liquid silver and lead absorbs other metals like gold and copper, so it was pretty easy to get most of the metal with nothing more than a small oven made of clay and rocks or bricks.I could melt this chunk and get a couple hundred dollars worth of silver, but it's worth close to a thousand dollars if I don't melt it.
US gold reserves went from 4.2 oz per capita ca 1950 to .78 oz per capita now. (If it’s there)
>>21606295it's almost like physical stores of value aren't as useful as they were 70 years ago.
>>21606326it isn't useful until it is.
>>21605296>An undersea fiber optic cable was cut so the Russians have been unable to spam shitty mining companiesI wish
bump
LOL @ BTC
>>21607004sure, better stock up on horseshoes as well.
>>21608378best horse shoe stocks rn?
>>21606233this guy describes how Spanairds mined and procssed gold and silver hundreds of years ago, which they used for hundreds of years and was likely used for hundreds of years before them.https://www.youtube.com/watch?v=0Zv4adVy1tc
>>21608402Upstream and buy CLF while it's cheap
https://oilprice.com/Latest-Energy-News/World-News/Natural-Gas-Prices-in-US-Northwest-and-Western-Canada-At-Record-Lows.htmlNatgas' fair value is $0.
took profits on Agnico and went even more balls deep in Snownigger. it's either Jap schoolgirls or seppuku if I bring shame upon the 7 cmmg bros who still post here
>>21609326If you are willing to gamble on shitty mining stockw, why not make some money gambling on AI stocks? Use the profits to buy some dividend stocks and use the dividends to gamble on shitty mining stock.
>>21609326forgot slant pic
>>21609909>>21609915SGD has 8Moz+ Au starting at surface and a new MRE coming in early 2025 that will possibly put the Valley deposit over 10Moz. They should get bought for at least $10 US if something doesn't go horribly wrong
I hate count down bros. I haven't posted in weeks because of this.
>>21610927me wait long time
It's so fucking over Japan bros...
>The market shitter is short OIL long GOLD.Proceed with caution.
literally the biggest porphyry in the known universe
>>21611846patience Macedoniabro, we will make it
>>21612264GRAEME IS MOBILIZINGhttps://www.juniorminingnetwork.com/junior-miner-news/press-releases/1934-tsx-venture/bhs/170876-bayhorse-silver-mobilizes-drill-to-the-bayhorse-mine-vtem-anomaly-for-drilling-potential-porphyry-copper-target.html
Bump for bayhorse
>>21612374>The drilling operations will commence shortly.2 weeks
>>21612374It's happening
Can someone please give me some NFG hopium.This can’t be it can it?I don’t mind holding for another 3yrs please just tell me everything will be alright.
>>21612374>GRAEME IS MOBILIZINGSo Graeme has been stating on his website and in interviews that he is mining silver ore at his Bayhorse mine, but he never got a minng permit, is not mining, last time I checked never sumitted a complete mining permit application, but is now mobilizing to drill some holes to find silver ore when he claims he as world class ore already ? Do I have that right? How much ore is being processed in Graeme's Payette facility every month?
>>21612923The processing facility sorting has doubled every year for three years nowIt used to be zero. Now its 8x that much
Scottie bros?
>>21613470"transformational"
I just spontaneously tried out sumo wrestling. AMA
>>21612264Compare Bayhorse with ARC project of GreenX Metals
>>21613763>tried out sumo wrestling. AMAGaaayyyyyyyy
>>21613763How big was his penis?
>>21612469>>21612788>>21612923YUGE Volume today, the market likes Graeme mobilizing
>>21612858I'm in NFG too bro, if it gets any cheaper I'll probably start adding. Hopefully, the upcoming MRE will be big enough to burn the shorts who've been having their way. I don't think Sprott would make "the largest investment in his career” in a shitco that wasn't going to make it.
>>21612858I don't want to dox myself or anyone at nfg but I've got firsthand knowledge of incompetent management.
>>21615608kek, if something even semi-positive gets posted about NFG anywhere on the internet it's immediate met with FUD. Kikes have been relentless for over a year trying to shake people out
>>21615608Have you look into GreenX Metals?
>>21615608>incompetent management.his name sound like 'gram'
