A thread dedicated to discussion of resource investing/gambling.
>>21854820Now that Trudeau is stepping down, what does this mean for Canadian equities?
Africa broes, oh, noes!
anyone here still in benton?>Benton Receives Best Gold Assay Results to Date at the South Pond Gold-Copper Zonehttps://www.newsfilecorp.com/release/236123
>>21854824its going to be a while yet til the Liberals leave power, but there are good things on the horizon. Canada could become the leading uranium producer in the coming years! https://www.ft.com/content/3bd80044-1b75-42d0-8f15-707eaeefba17
>>21855108I still have a small position, BEX anon who did well with BIG sold. 1.88 g/t Au over 54.5m from 34.1m is high grade, very thick and shallow, that's almost like a Snownigger intercept. Good to see they have a 15,000 m drill program planned for 2025.
>>21855713>BEX anon who did well with BIG sold. That's me lolI bought back in after making giga gains on random tech stocks. I bought back into bex at 0.075 and I think I made the right move.
>>21855108>>21855624>>21855713Kek, nice smear job on the first one, but that second hole is pretty solid. Residuals at a buck.
>>21855780WELCOME BACK BEX BRO, WAGMI
>>21854820NFGchads will this year be our year?
>>21856843Two more weeks.
Guess the mine
>>21858554what an incredible complex.
>>21859697Now this loser is out, looks like the trade war is over, eh?
>>21859817not quite! Hes not out of the job until the Liberals find a replacement, and who ever that is will get to take the beating of the century. Expect Canada to get thrashed by the Trump admin in the next 11 weeks as we wont have a government until parliament is allowed back.
>>21855889bro, I have so much more money now. I own a fuckton more BEX shares now that I sold and made money on tech stocksNow I bought BEX at very close to the bottom so it's only up from here.>>21855807more results coming in the next few weeksmore drilling very soonWAGMI
>>21854893That's what they get for not paying their taxes and agreeing to the new mining code
>>21859893>who ever that is will get to take the beating of the centuryThis nigger fucked up our country for the WEF and he doesn't even have the balls to stick around for the election that removes the liberals. Even worse, Jagmeet Singh is going to be a parasite for two more months so he can retire and get a pension for life. Disgusting.I hate these niggers so much.
>>21859893Do you need a government in place to shrug their shoulders while Trump rambles about tariffs and invading Greenland?
>>21861095That won't be a concern. The bAd MaN will focus his efforts on reestablishing the Crusaders. London will be first.
GOLD +$24SILVER +$0.30
Snowline and CEO attending the Vancouver Resource Investment Conference January 19&20. There's a history of them dropping juicy news releases just prior to the conferences they attend and the sp jumping 10%+. That would likely put the news release around the 16th give or take a day. Monday the 20th is a U.S. market holiday (MLK). Snowniggers and swingoids prepare accordingly.
>>21861094I was so pissed off to see him just lock down parliament then say hes quitting after a new leaders found, fuck him, he should be at minimum in jail for the rest of his life.
I know this is cmmg but I just spent the last two days learning about biotech stuff from gpt, I'm condensing my notes down. Figured you guys might enjoy them afterwards, since what is mining if not also high risk gambling?(could also do that with mining sector but it doesn't have that same appeal to me)
When?
>>2186456314 days.
>>21864475you figured wrong, keep your ai summaries to yourself tia
>>21865536I'm not asking it to do work, I'm asking it what to look for. Whereas posting here takes 4 hours just to get a negative reply
>>21865775>posting here takes 4 hours just to get a negative replyLook clown, we here at /cmmg/ are here to lose money on mining stocks, not make money. Take your hard work somewhere else.
>>21865775go whine about it in a biotech subreddit, dipshit
>>21864475I have absolutely zero interest in biotech. One shitty sector to specialize in is enough for me.
Are we getting near the point in the junior PMs market, where no matter what you buy you'll make money? Like everything is down 95%.
>>21867888starting to feel that way a little bit
>>21867990Ikr? We are not quite there, but it feels real close.
>>21867993There's really no reason for precious metals to go up. Gold is getting replaced by Bitcoin and there's a glut of silver. In fact there's 60 billion ounces of silver in warehouses and boomers hands, enough for 50 years of industrial use even if mining is zero
>>21867888CHECKED, trips confirm WAGMI imminent
>>21867888
More good news from Scottie Gold! https://www.mining.com/scottie-resources-drills-more-high-grade-bc-gold-ahead-of-initial-resource-statement/
>>21867888>Like everything is down 95%That is only the first 95%, these stocks can still decline another 95%, these are mining stocks after all. Now get back to losing money on them.
>>21868111gold will remain relevant for another ten thousand years. idk about bitcoin, seems like a new trendy thing which will eventually fizzle out.
>>21868720What's important is our lifetime not 100 years in the future
>>21868739I agree. Gold will remain important throughout my lifespan. idk about bitcoin, seems like a new trendy thing which will eventually fizzle out.
>>21868742Peter Schiff the patron saint of "precious" metals has been saying that since Bitcoin was $1. Cost all his fanboys generational wealth
https://www.youtube.com/watch?v=ct-q9N_6mRE
Schiff really mindbroke cryptobros huh
>>21868502>these stocks can still decline another 95%,I mean what you're saying stocks with multi mullion oz deposits will go from CAD12M to CAD1M? Seems hard to imagine that happening.
>>21870095let's just remember this is the mining sector we're talking about. Most companies in this sector are just monry laundering scams designed to siphon cash from investors into management pockets. The ones that are not scams and don't have shit assets of course are worth investing in though. Some of these have done extremely well recently.
>>21870104I mean you're right and all, I guess timing the market is what matters most with juniors.
Hey /cumg/ what do you think of thishttps://fred.stlouisfed.org/series/HOUSTLong term trend looks negative, what implications do (you) draw from this?Its a pretty tame chart compared to multi-unithttps://fred.stlouisfed.org/series/COMPU5MUSAHave we reached peak rentoid?
>>21870827Seems recessionary. I'm not surprised. May dampen commodity outlook. So far looks like a soft landing™ but you never know with these things, economy is like a house of cards
Schiff really mindbroke stacktards huh
copper bros are we back?
>>21873799I hope so. I boughted some Ivanhoe and Solgold yesterday
>>21873799>>21873940Yes, I've been noticing buys and an uptick in my Cu micro-shitco. Hopefully I can get rid of it.
Gold Chads WAGMI
Gold price in Australian dollars rips to ATH, how much longer can the NY riggers keep U.S. price down?
>>21874890When does silver liftoff?
>>21874905soon
>Collective Mining Drills 40.5 Metres at 4.01 g/t Gold Equivalent and Discovers a High-Grade Vein System with Intercepts Including 0.8 Metres at 816 g/t Gold at Trapyet another mindblowing intercept from Collective
>>21874905two moar weeks
commodity dividdend chads gatherlooks like AI/tech stock pumps are taking a break or rolling over, hope you made some good gains.
>>21878652I'm looking forward to reentering into some oil and gas names but first I want to see a bit of a pullback. They have had too many green days in a row
>>21880821>I'm looking forward to reentering into some oil and gas nameshow are these? Any inside (Finland) info?Top Oil and gas companies in Finland ATOR-Consultants Oy. Arctic Drilling Company ADC. Atexor Oy. Auris Energia. EL-Parts Oy. ... Elron Ltd | Member of Crowe Global. Energiameklarit Oy. ... Ensin Infra. Fingas Oy. ... Finno Exergy. Finnoleum Oy. ... ASRE. Gasgrid Finland Oy. ... HansHeat Oy. Hansa Power Oy. ... Ilmalämpöpumppu.fi. Imatran Seudun Sähkö Oy.
>>21880821What's the story with NESTE, they had a good run but lately its tanking, div is 9 percent.
>>21880843There is literally zero oil and gas in Finland>>21880847Neste is a refiner. Refiners have had really tough margins as of late. Crude oil is too expensive and gasoline is too cheap. Refining margins are really shitty right now as a result. That might be about to change who knows.
>>21874905Never, lmao there's a huge glut of silver, 60 billion ounces, and there's not enough broke depressed losers buying to make a difference
>>21881612>retard in El Salvador with no silver
Kek everyone bearish on OIL, and it pops 16% in a couple weeks. Like clockwork.
>>21881877that's how markets werk
>>21882026Yeah they work for oil but not junior miners.
>>21882032thank God. Junior miners are of the Devil.
>>21881612Prove it
So, the main rent boys steps down and Salami slides in. I can't wait to see the FC numbers.
>>21881876Lmao the ones with silver are the depressed losers. Literally the poorest incel losers who gave up on life and pray for muh collapse >>21882181Lmao stacktards buy shit based on coin merchant propaganda omg the sky is falling you should research what peter Schiff says and his track record dummy
>>21878652Picked up thousands of shares of EC Pbr.a and VALE today
>>21883135I've got silver I bought back when it was $8/oz. Are professionally poor?
>>21883238Lmao you think that's an accomplishment, compare your shitty return to the stock market or Bitcoin. Only depressed morons invest in silver
>>21883265that's more than 3x retard-kun>b-but x and y did better3x is 3x
>>21883289No it isn't, lmao you retards never factor in things like taxes or inflation or premiums or discounts . Post your receipt and I will figure out your return
>>21883353>n-nuh uh post receipts or I won't believe you!!!!Are all cryptobros like this?
and who the fuck adds in taxes and fucking inflation when talking about investment returns LMAO
Cameco don't think Inkai will be back in production until February at the earliest. Global supply loses ~600k lbs each month it's down, plus additional losses for having to ramp back up the ISR saturation and flow rates once they have a green light again. Extremely bullish for other active producers with spare lbs to sell them to cover obligations.
>>21883660Lmao you are bragging about returns you didn't make of course you are scared to post a receipt it would hurt your ego.>>21883668>who the fuck adds in taxes and fucking inflation when talking about investment returns LMAOLmao, stackturds are the dumbest people on the planet
Oh, noes, Integra broes!Are you ok?What happened to rent boy Jason? I think he saw the FC numbers and said, "fuck this!". Baggies still are blowing smoke up his ass despite all of his capital destruction beginning with MPM.I'm not even close to covering here.
>>21883699you seem angry.
>>21883144>>21883144>Picked up thousands of shares of EC Pbr.a and VALE todayAtta boy El Salvador cowboy
There are some excellent short ideas in picrel, the most-picked entries for the CEO.ca contest.
>>21884566emo and mdma, I want to go back so bad lads. now I sit at home reading financial reports.
>>21883265My ammo has outperformed the s&p across the last decade
evening all, i ve got some bad news for /cmmg/. The BC NDP gov is planning a rewrite of the mineral titles act, which in the opinion of myself and a number of my friends in the industry will likely kill all future mineral exploration in the province. Attached is part of the proposed changes. The proposed changes to the filing of mineral / placer claim titles and permitting will result in the mineral exploration sector grinding to a halt here. https://www2.gov.bc.ca/gov/content/industry/mineral-exploration-mining/mineral-claims-consultation-frameworkExploration companies were already dealing with up to and beyond two year permit delays, this change by the NDP will make staking and permits basically unattainable. The only way to change this is with a change in government, and unfortunately NDP won the last provincial election a few months back.
>>21887864here is a proposed version of the up coming frame work.
>>21886876Congrats you made $3
>>21887867The injuns will get all the profit from mining. Invest in liquor stores
>>21887908thats the thing, no one will be getting anything if the investment world thinks the regions radioactive. No jobs for the natives, no jobs under the explorers or the major miners. This will demolish the mining sector in its proposed form, and this is supposed to be deployed by March.
>>21887864so all the losing canadian mining stocks are going to be bigger losers now?
cum general
>>21887976Not quite, just BC. So all the projects i follow are basically screwed. Even if you follow the new guidelines there is no guarantee of a permit with this. The only good thing is that the bands cant totally veto a project, they just have to be consulted with.
I mostly browse /smg/ but I figured you guys would know this better. Why does natty gas often have large movements in the wee hours of the night? Do the euros really have that much purchasing power to swing the markets like that?
>>21888195now i'm curious too
>>21888032So you’re saying the faint prospects of mining Boulder mountain just got blown to smitherines
>>21862597This Mon or Tues could be the last days before the next Snowline news release. This map from the last release does a great job of showing what's coming (pending holes with blue dots with many loaded with vg over hundreds of meters). Looks like several intercepts could top 1,000 g-m hits. This should be a good week coming up, an institutional firm from France, Ixios Asset Management, just loaded 704,497 shares in the last week
>>21887875I bought green tip 556 (during Obama) for $170 a can x 40ish cans. After COVID I started trading on can for #2 of weed. Trafficked the weed to Virginia and sold it for $1500/#.$3000-170=$2830/can profit
>>21888591so far as we know any existing claims or permits will remain in place, but anything new being planned will need to go through this new consultation process.
They are making a cpu chip factory in Michigan. The building was meant to be an electric car battery factory and has been under construction for 4 years. So you can tell they knew this was coming right? Or am I over thinking all of this? I know things change but this business exchange if it even was, seems easy to convenient. They have machine abs stuff in the building all ready. Maybe cpus and car batteries use the same type of machines?
Silver Chads WAGMI
>>21889958Is there any group more deluded than "stackers" lmao, where are the success stories? none of them make money... depressed Losers waiting another 2 weeks
>>21889070Lmao so you are a drug dealer and made money selling poison.......Loser
>>21889971>average anon from El Salvador
>>21888195>hy does natty gas often have large movements in the wee hours of the night?Market manipulation by governments/hedgefunds. Oil/gas is a strategic commodity at the center of war/influence/control. Main streem media will not report, and most likey does not know/care about what really goes on. Way back in the 90s I recall some news stories (when media did report some info) the US government declared the financials of the biggest US companies to be national security interests so their actual financial reports are bogus so adversaries cannot determine economic/financial conditions (how much R&D on weapons development, purchases etc). Also, many of the largerest businesses (oil/gas defense) are part of the money laundering money/hiding used to keep the military/intelligence budgest from being determined by "outsiders." You will see multiple experts from every bank making statements like "x will go up" and "x will go down" and when x goes up or down the bank points only to the expert that said up/down and say "see our expert was right". If you follow closely various activity in the media (yes you can still get some info) and from individuals who have their own channels and have industry experience, you can generally tell where things are going. Want to know why Russia is taking the easter part of Ukraine? There are many reasons, but guess where Ukraine's natural gas resources are? Want to know why the US overthrew Assad in Syria? Guess which country was blocking planned US lead gas pipelines up through into Turkey and into Europe to compete with Russian gas supplies.
>>21890041>>21890536Lmao you can tell these two low IQ racist losers are poors, nothing is ever their fault, they know everything and still broke .
>21890708>No.21884456>>No.21884456I commeded you for buying EC Pbr.a and VALE, I think you have me confused with another loser
>>21889971>Is there any group more deluded than "stackers" lmaotechnical analysts in commodities that have completely different use/investment cases over the 50 year period they're chart-gazing at.
>>21889133Phew. I was afraid BLLG would FD e yet another headwind. I’m in big on that project, just want to see some mining and concentrate being shipped out. I guess this means more headaches for Big Onion since I’m sure it’s not quite as well maintained by the new owner. Haven’t kept up with that.
>>21892882Poo lagoon is safu?
>>21893033>>21892882their claims should be fine, but i have no idea whats going to happen with their permitting, some of the permits they need may need to be retroactively modified which is going to be a nightmare. Remember too this is just a draft of the planned changes, more modifications will be brought up as the gov works out how to implement it.
>>21890708Hey El Salvatard - what are some corrupt companies in your area that pay good dividends?
>>21894540Just buy EWZ no need to overthink it
>>21889971If I sold today the physical silver I bought in '19 I would be up $130k US, about 19 years your salary
>>21894540>>21895358This. Brazil is the trading gateway of SA.
>>21897073holy shit you can almost afford an ambulance ride to the hospital with that
>>21898251Please to see your banter loicense
>>21897073Congrats on making $130 before taxes, inflation etc) on retard rocks....lmao you lost 80%
>>21889958It’s not happening. January 2021 was the moment and it was tamped.
TAchads......what's the open tomorrow?
>>21899952nah just read his post, listen to his rhetoric, envision his clean, handsome face.you believe him don't you?
>>21900472>TAchadsIma tits and ass chad so I will answer, the market will go up at the open if it does not go down first at the open, but it will.
Interesting
GOLIATH MIGHT BE GOING UP A LITTLE BIT TODAYhttps://goliathresourcesltd.com/wp-content/uploads/2025/01/January-13-2025-Goliath-Drills-Remarkable-Hole-Assaying-34.52-gt-AuEq-1.11-ozT-AuEq-Over-39.00-Meters.pdf
>>21902350Goliath delivered the BONANZA, +21% despite gold price down
>Gold Up.>Gold Miners down.>Fuck this I'll buy some OIL stocks.>OIL up >OIL stocks don't go up.>MFW can't win.It's so tiresome...
Oh, noes, Integra broes!Are you ok?Did you not heed the warning when the rent boy jumped ship?
>>21904116>OIL stocks don't go up.are you just randomly picking 'oil stocks'?
>>21904116
>>21906072
>>21902350>>21903487That is one hell of an intercept! nearly 4oz over 10m is stellar! There's more in that region yet to discover!
>>21887970So time to reinvest in US plays then?
>>21906627yea i am not sure if BCs going to be at all friendly to exploration in the coming couple years. The good thing is if they go as far as they seem to be planning, billions of dollars in investment will abandon ship, and the gov will loose out on a lot of revenue. We might also get another election pretty quick as the NDP only has one extra seat.
>>21906816I'm sure they will still be friendly to big companies. It's just you small independent guys they want to get rid of I'm sure.
KEK at Barrick and Mali investors in general.
Meanwhile BHP https://www.londonstockexchange.com/news-article/GRX/greenx-selected-for-bhp-xplor-s-2025-program/16837798
Africoon broes, oh, noes!
>>21908190>>21908159that's what you get, Bristow. Maybe don't play hardball with governments that expect you to implement a new mining code. This will go one of two ways: either Bristow caves in and pays up or one of their best mines is seized for good.
>>21907765Bingo....it's why rules exist
>>21902350>>21906206yep a monster, the market likes this intercept too it's up again today after jumping 21% yesterday, no pullback
IsoEnergy's deal to buy Anfield has been cancelled, with Anfield taking up UEC's spoiler offer of financing instead. As an Iso shareholder I'm pretty happy, those US assets are low grade garbage and would have diluted my Hurricane interest.The mill near Iso's mine needs a couple of years of expensive work to make useful.Market seems to agree with me, Iso just shot up 7%.
Snowline webinar Thurs with the great QHhttps://event.webinarjam.com/register/357/xk1mvfv9
>>21906055I'm picking OIL juniors at like 3 times earning net cash positions and high dividend yields.
Goliath blasting off
>bullish
>>21909042Which ones you looking at Alexander? I'm still holding out for a dip in Canadian oil stocks. Been a lot of green for a whole month, sentiment needs a reality check for a while
>>21907765from what i gather their focused almost entirely on multinationals, the little guys like me and the juniors are just in the cross fire. The NDP thinks its in the best interest of the province to "restructure" agreements with these companies.
>>21908707Goliath had that incredible visible gold sample from a showing down the valley as well in the fall, which really makes me think theres a very large native gold body near surface.
>>21910011pic related
>>21910017That's a piece of biscuit?
>>21910193native gold from their Jackpot zone below the Surebet discovery. https://x.com/GoliathResource/status/1874488299932328125/photo/1https://www.youtube.com/watch?v=JuUsy29CdxY
>>21909042which ones? which country are you looking at? upstream produces oil and gas but they all need to ship it (pipeline or tanker) to get it refining. If you are bullish on oil then maybe spread out your investments a bit on some producers and some midstream (pipelines or tankers) HAFN is cheap and they are buying back their stock, offer good divi and have a variety of tankers, not advice do your own research.
>>21910017>>21910398https://www.youtube.com/watch?v=CxyrOaIxYJY
>https://www.businesswire.com/news/home/20250114661466/en/ICE-Sees-Highest-Commodities-Trading-Volume-Day-in-its-HistoryOur two weeks is finally over bo*s
>>21911820Interesting, maybe our dog sector is about to have its day
>>21912097>our dog sector is about to have its daytwo more weeks?
one fortnight more
CGN reporting that their Kazakhstan JVs missed 2024 production guidance by 5%. Acid shortages hitting everyone over there.
>>21909920>>21910406I mean Parex to begin with, they overestimated their production to the upside and the stock got cut by half, but they have no debt and are still pumping oil at a decent rate.Gear Energy has been doing alright, no debt, stable production and the stock keeps dumping.There are other examples, but I guess the oil juniors have been correcting since the Russian-Ukraine war.
>The spot gasoline crack is trading at 10.70. The ATL for COVID was 9.80.time to buy refiners soon? Crude remains elevated while gasoline keeps shitting the bed. Will gasoline go up or crude down or will the clowning continue?
>goldwhy the god candle? I know the situation could hardly be better for gold since Central Banks, Japan specifically, are so fucked and bonds are shitting the bed.
Silver broes, it's over.
>>21915412>Mr. Sprott, we already have a silver miner ETF and a physical silver ETF, how do we jew investors harder?>idk just throw shit at the wall and see what sticks, the silverbugs will lap it up
>>21915412if they could go and buy a shitload of Adriatic today that would be swell tia
>https://www.yahoo.com/news/more-100-miners-died-starvation-145346168.htmlWe aren't the only ones the mining industry is starving out
>>21915996>South AfricaWhy am I not surprised. That's another one for the LTMFR record. RIP
>>21916005Also found this>www.globenewswire.com/news-release/2025/01/14/3009655/0/en/Gatos-Silver-Reports-Stockholder-Approval-of-Merger-with-First-Majestic.html
>>21862597>Snowline dropping juicy news release around the 16thtomorrow
Oh, noes, Integra broes!Are you ok?With $2,700 gold you should be raking in all that free cash flow from Florida Canyon as promised, right?It's so easy that rent boy Jason fucked off.I can hardly wait to see how much money these fags have lost.
silver ripping, miners dead
Ahem, cough, ahem.https://www.mining.com/barrick-halts-operations-in-mali-after-245m-gold-seized/We'll be waiting for you over in pmg after you realise your shares and anything digital you "own" are worthless.
>>21916965I think I'll buy some Barrick shares soon just to tick you off.
>>21917278>I think I'll buy some shares....
Natural Resources, I saw your post lmao.
>>21914984>The spot gasoline crack is trading at 10.70. The ATL for COVID was 9.80.Pretty sure that's the low.
>>21914984>time to buy refiners soon?
>>21914984>time to buy refiners for divies soon?
>>21914984CVR is going up on the announcement, IEP not so much. I might buy up some CVR tomorrow.
>>21916965my new tranny dick is this big
$2700 BACK ON THE MENU GOLD CHADS, WE'RE BACK!
>>21916965But ......you can only own one thing. That's it. One. How hard is this to understand?
Is it time to get into nickel?
>Collective Mining Expands the Newly Discovered High-Grade Subzones in Apollo by Intersecting 181.35 Metres at 5.38 g/t AuEq Within 402.60 Metres at 3.06 g/t AuEq CNL continues to impress
Will gold hold above $2700 or break down from here? Place your bets
>>21920259>Will gold hold above $2700 or break down from here?yes
I-80 broes, oh, noes!Not more dilution!
>>21920135only if the indonesian nickel supply bubble is about to burst. market is still being flooded fom there and russia.
>>21920060Kawai.
Copper is so back.
Bitcoin has ruined my life.It’s like the world running on booze then all the kids discover marijuana instead.
>>21921651now if only copper stocks would stop dumpening that would be swell>>21921654I don't understand why you would care about what bitcoin does unless you trade it.
>>21921679the degenerate gamblers that usually invest in commodities are supposedly focusing on bitcoin instead. I don't think there's really much overlap outside the youtube gold and silver gurus/grifters. but it's a handy excuse for why the shitcos are crashing this time.
>>21921781sounds like a massive cope to me. There is very little overlap as you say. Cryptobros are much closer to techbros than commoditycucks
>>21921651Benton bros
>>21854820There will be no more copper or nickel
>>21854820
>>21922452Speaking of which - Are you invested in GreenX Metals?
I'm being completely serious when I say I plan to move to Japan and spend the rest of my life fucking their women.
Why didn’t anyone mention this?
>>21922720fucking fuck. Guess gold is going to gigadump by end of week.
>>21922720Is this a buy signal or a sell signal?
>>21923623idk what to believe anymore
>>21923623it's Gary we're talking about here. If he's getting cocky and sure of himself 90% it's better to inverse
>>2192362890% sure you won't tho
>>21923629I sold some positions yesterday. I keep some positions long term and trade others
>>21922720Double down on shorts.
>>21922720>>21923613FUUUUCCKKK, brace for pain
Oil stocks seem to be turning down again along with oil. Predictable. Too much green as of late. Gasoline keeps dumping harder than crude. Looks like refiners are still getting clowned on until further notice. With refining margins near the covid lows you'd think the bottom is near but the covid crash was sudden and short while the current recessionary forces seem more sustained. I would not be surprised to see refining margins go below the covid lows.
>>21922720yeah $40 silver easy lol just like the last 5 times
Go go go, gold!https://www.youtube.com/watch?v=0HtyF0jux2Q
>>21923837>Looks like refiners are still getting clowned on until further notice.are you of the buy high sell low crowd, or would you prefer to buy the stock when the prices are low/lower?
>>21924465as everybody else here I exclusively make bad trades. But yeah I want to see a more conclusive bottom before I buy into any refiners. I'm beginning to eye Neste. My friend works there as a chemistry engineer, he's told me their renewable fuel demand is higher than what they can even supply and that they have been cutting some jobs and costs due to the poor market conditions. Their Q3 in 2023 made them €400mil, in 2024 they lost €16mil in the same period. Market cap is €10bil or so. Haven't looked at the balance sheet yet but if it looks good I'll be interested in possibly bottom-fishing that stock. I need to see gasoline begin to outperform crude before all else though. Refining margins are truly in the shitter
C'MON GOLD! WE ALL KNOW HOW REVERSE REPO CHART LOOKS AND WHAT IT MEANS!
Last 2 days physical Silver up $1, Hecla down 2%, no news
>>21924530>as everybody else here I exclusively make bad tradesSpeak for yourself, Mixu.I keep telling you fags that the only way to make consistent gains in this space is by selling.
>>21924976we don't use x's here but it would be cool if my name sounded like I was part of Organization XIII
>>21924976Nice, how much you up overall short-anon? Didn't you net over $100k US on Brunswick?
>>21925001Ok, Teemu.
>>21925015nickname, fren
>>21924976People like you makes it possible to buy stuff cheaply. Thank you for your service.>>21924970Is Hecla even doin any M&A?
>>21925027Hecla will probably buy out Dolly Varden eventually. But they'll probably wait until the price is low enough for a hostile takeover
>>21925027>Is Hecla even doin any M&A?Not that I know of, but if two more weeks ever comes and silver miners catch fire a lot of money will flow into HL
>>21925027>Is Hecla even doin any M&A?>>21925043that reminds me Fin-anon, Hecla did take out Alexco in '22 when they became dirt cheap
>>21925013I netted well over CAD$100 on BRW, pre-tax, but it's taxed at the long-term rate. Second to that trade was the anomaly I found in ZSL. I had my 2nd best trading day ever with ZSL. SGD was fun around the tax change deadline, and ITR continues to pay, but I'm a gambler so I'll wait for their shit numbers.>>21925027>People like you makes it possible to buy stuff cheaply.Thanks for buying, Lech, keep it up.>>21925026Come on, Pekka, who uses their formal names?
> over 9 days to cover shorts on Hycrofylmao
>>21925067>who uses their formal names?Asians mostly. And add formal titles on top of that.
>>21925067Good job, we had some fun when you were shorting SNWNGR while I was adding right around the time of the tax change and the Victoria fiasco that caused temporary collateral damage throughout the Yukon
>>21925131Kek, I remember that time well as I was crawling around in pipe racks, trading and shit posting at the same time.
what happened to us, saltsultans?
>>21925213kek
What now /cmmg/?
>>21926032China will use its monopoly money to buy more gold
https://mises.org/mises-wire/money-supply-growth-accelerates-and-hits-27-month-highGot gold?
>>21928695>Got gold?No, I got gold juniors...
>>21929251its over
>>21929273One day I will profit r-right anon?
>>21926733>>21929251The fags in London smashed us overnight, but China was up again so maybe when the NY riggers open they'll have a tough time rigging and we'll climb back as we get later into the day
VIRTUAL knifes and gloves in an FPS game (CSGO) cost tens of thousands of dollars. My REAL ounces in the ground will be worth something someday right bros???
>>21929315Hehe
What's going with Barrick, B2G and Mali?
>>21922720>>21923613>>21923770>>21923804>>21923931>Gary calls "piece of cake" $40-$45 silver(picrel) RGI activated
>>21929554>>21929554Yup. It’s nice that silver shows 7 times the downward volatility as gold on a no news day while somehow also underperforming gold by roughly 4x since 2011.
>>21929340Barrick's mine has halted operations and Mali shipped the gold bars there to a local bank vault for safekeeping. The Loulo-Gounkoto is currently not operational. They're trying to negotiate but it seems that Barrick doesn't want to cave into Mali's demands. All the other major miners in country (B2, Resolute, Allied) agreed to pay the taxes and implement the new mining code. Barrick alone is still dragging their heels. Mali could very easily nationalize their mine but the fact that they haven't so far tells me it's something they would prefer to not do. But they might have to if they can't come into an agreement.B2 has settled everything with Mali afaik. They're waiting to get permits to gain access to satellite deposits near the Fekola mill
>>21929297Expect a lot of resistance going into Jan 29 expiry. Max pain according to Alyosha on substack is $2,660, that's where the price will be looking to gravitate.
>>21922452KGHM still has copper reserves that will last 30+ years. If no new discoveries are made in the next few years, it could be a good longterm play I guess.. Of course recycling is also a factor. currently recycled copper has around 16% market share.>>21926032you got the answer right in front of you. Sounds like they simply expanded money supply in anticipation of people getting loans to buy stuff on holidays. If you had any idea how modern fractional-reserve banking works, you would not fall for such clickbait articles.
>>21929584Thanks for the summary.
>>21929626KGHM still has retards from gov in key positions. They had loses per share higher than many explorers that produce nothing.
>>21929736>per shareI have done no research on KGHM and I don't doubt you're right but this number is entirely dependent on how many shares are outstanding. One gold junior was proudly parading the highest per share numbers in their peer group, they had a miniscule amount of shares outstanding lol
>>21929736The idea is that eventually copper will have such a huge value, it would be difficult even for a complete retard to fuck it up. Diversifying in other markets might make sense too, i.e. SCCO and FCX from USA
>>21929750The whole mining sector with gov participation in Poland is notorious for generating loses. They mostly get good earnings in cases of rapid spikes when they basically are surprised by amount of cash they get so they are not yet prepared to "spend it in creative ways" to put it mildly.>>21929760We will see. GreenX Metals case showed that amount of retadration of Polish politicians is immense. That's why everyone and their cats were expecting Poland to lose arbitration case. And of course Poland lost. Surprising no one.
>>21929760How much of KGHM's reserves is not and never will be permitted?
>>21929771classic government institution. You just gotta love it>>21929760there are a bunch of good copper stocks on the market and going for pretty cheap too. Both producers and non-producers. Market conditions are uncertain which probably explains the general cheapness in that subsector.
>>21929780That's a good point too. Not to mention the deeper deposits are more expensive to work with. But hey, it's just gambling in the end, at least for me. I stopped lying to myself about being able to make educated decissions in stock market a long time ago.
>>21929780Polish reserves would be permitted sooner or later as long as there is govt participation in KGHM. Too profitable to not help yourself in betterment of financial future. Would it benefit shareholders is a material for a whole debate.>>21929784Ross Beaty's (of Pan American Silver fame) Miedzi Copper was planning to mine deeper reserves not that far from current KGHM operations. But of course as any other foreign investors Miedzi Copper get fucked over by our beloved politicians at power.
>>21929789kek, probbaly the bribe was not satisfactionary
>>21929789Heck, PiS controlled Turów coal mine was mining without permit's at some point as people from PiS responsible for operations didn't even bother to ask for permit. xD
>>21929626That's the joke retard
Benton resources on a roll today
here's a handy link for whats potentially coming for the mineral titles system in BC if anyones interested. https://www.biv.com/news/commentary/opinion-critical-changes-to-bcs-mineral-tenure-act-raise-concerns-10088828
