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@chatyak Posted for general discussion. I found Steve's answer regarding paper pushing and cost of production interesting. Not sure if I've heard this angle before https://youtu.be/g9WnUtlEDqg?t=21m12s+ - I que'd up the time to the right spot. Talking $gold $silver #mbgtrends Would be interested in others takes on it (couple minute answer)
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from #gold,
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anonymous @RonVachiyer For posting l2 or excel type tables, it's pretty much as you have experienced. Screenshots are quicker, depending on your comfort w/ smartphone or computer (but be careful about including personal details). There's a bunch of users already posting charts, pics, and l2 screens regularly. You could try asking them directly when you encounter them. I think one issue is default spacing of chat's font and the fact the first line bumps right, due to inclusion of user name. http://cdn.ceo.ca/1c6p1q5-To%20upload.jpg+ Here's a quick tutorial on ceo.ca. https://ceo.ca/mbgtrends?89ad911d7df6 CEO.CA is a work in progress. Check this article for more info. https://ceo.ca/@murat/updates-on-ceocas-upcoming-paid-features #mbgtrends #newbies
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@MiningBookGuy lol @Excelsior! RE: https://ceo.ca/mbgtrends?14a633f31561 somehow i missed that post on the Platinum Group Metals confusion. thanks for reposting, and this might be the textbook case for most confusing tickers/rooms at ceo.ca! :P
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@MiningBookGuy @chatyak RE: https://ceo.ca/mbgtrends?8516a4ec2932 Thanks for pointing this out! Some of my thoughts going in different directions, any of which we can discuss more at #mbgtrends depending on interest: 1. FF/SVE vs ME/OOO is definitely "hype/promotion" vs companies depending more on fundamentals/technical work. I'm not saying FF/SVE are poor speculations. But I absolutely think BOTH of them are heavily weighted towards the marketing side. The more someone studies the sector, the more obvious it is to categorize companies in this way. 2. FF vs SVE - within the "hype/promotion" sub-category, you can have companies that are extreme! SVE currently fits the bill. I haven't studied it closely. But I think you could already make an argument that at least FF has more value backstopping it than SVE. People can (and are) making money with SVE. But it has 'danger' written all over it. 3. ME/OOO still have large followings at CEO.CA (both are in the 'top 20 most followed' companies list). And OOO is definitely working on a lot of promotion (not necessarily paid hype like FF/SVE, but more than many companies I follow). Just want to point out there are companies I follow/own that I think could be compared to ME/OOO, the same way you're comparing ME/OOO to FF/SVE. IMO, there's multiple levels in the 'hype vs fundamentals' aspect of junior mining, and it's not clear-cut at all. But figuring this stuff out is how we can ride the hype, or discover hidden value.
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@Alan #gold and #bitcoin are nearly the same price. The last time that happened bitcoin dropped hard. Up 9% today alone. Selling some to convert to gold.
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@FundamentalAnalysis @miningBookGuy $DPM wow up practically 40% since we were talking about it recently. I have a tendency to be overly conservative, and one thing is for sure.....for anyone reading if you are bullish on gold over the long term, and you believe a company can survive relatively low gold prices in the near/mid term you can pretty much make money on any half decent gold stock over a period of time . You don't need to be overly critical like I am and analyse every little detail (helps for the sake of safety but not necessary - I'm learning that more and more especially in the mining sector these days - it really is driven primarily by sentiment). #newbies #mbgtrends.
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from #dpm,
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@Alan @MiningBookGuy - I'm about a quarter of the way through #robertfriedland story in #thebigscore. As I've noticed many people on here state $IVN as their top pick recently, I'd consider getting a copy. It will give you an insight into his character and, as I believe people are the most important aspect to speculating and investing, it may be worth it.
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@Nick Nice move there @Alan #bitcoin #gold
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@Alan @Nick Don't speak too soon. It may still go to $1million per coin as #jeffberwick predicts! Plus that move is nothing compared to the move I made when I was mining bitcoin on an old laptop (this was when you could do entire coins quite quickly) after about 6 months of #bitcoin existing and then got bored and sold out netting 0 profit. You know what happened to it next!
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@FundamentalAnalysis I'm finding this uranium rally concerning. I remember seeing I think back in 2015, uranium spot price rallied including equities, and then fell back down lol. Could we have a repeat anyones thoughts?
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@FundamentalAnalysis @Alan Jeff berwick is quite ridiculous. Dollar vigilante videos is total paranoia at times LOL.
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@Alan @FundamentalAnalysis Yeah I was reading on libertyme today about his failed project in Chile a while back. #rickrule has called him out to respond. I have no idea about the #uranium rally. What I did know is that it's not as cheap as it was a few weeks ago which makes me sad :) there are no bargains right now that I can see. Maybe $AXY. Time to just build cash again.
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@FundamentalAnalysis @Alan Agree with that, I put a little more into $AXY today, following a couple of positive press releases. I'm hoping it goes back to 4.2 again so I can top up properly.
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@FundamentalAnalysis @Alan I look at $AXY more for the long term, not expecting sharp speculative bubble like increases. I'm concerned all round, part of me wants to take profits especially in the copper/uranium arena, but at the same time I got in with a long term view, so don't want to cut my gains short. Lots of dilemma's these days. I actually think the gold/silver stocks are looking rather expensive considering the price of gold, but since I'm bullish on gold in the years to come, don't really want to ease up on any positions there in the near term.
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@PamplonaTrader Anyone have any insight on citigold $CTO.AX #mbgtrends @nick?
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@Nick @PamplonaTrader that's one play I don't follow/know much about $CTO.AX #mbgtrends
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@Alan @FundamentalAnalysis Yeah I'm waiting to see if it goes back towards the 4.5 mark. Yeah I consider $AXY more of an investment than a speculation. A rule I use is that if I struggle to sleep thinking about my positions, I sell some until I can sleep. I have pretty a decent appetite for risk and I've lasted all through this commodity bear cycle so I usually sleep well now.Yeah it might be a good sign that the gold stocks are holding up well compared to gold but who knows what people will do!
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@MiningBookGuy Soldiers launch mutinies in three Ivory Coast cities http://www.aljazeera.com/news/2017/01/ivory-coast-170106102552934.html #IvoryCoast #WestAfrica #mbgtrends and reposting related article with tags, from @nlepan: Disgruntled soldiers seize control of Ivory Coast's second city http://www.reuters.com/article/us-ivorycoast-military-idUSKBN14Q0V6?il=0 unfortunately, this is the worst news for #IvoryCoast since the civil war from the beginning of the decade. We have no idea what will happen next. It's my favorite country in #WestAfrica, and this could be resolved surprisingly quickly. but this absolutely needs to be monitored if you are looking at speculating in mining companies here. Will continue to post in ~AUfrica as news emerges.
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@MiningBookGuy @Alan - thanks for posting that message on #thebigscore, and glad you are reading right now! Hopefully some others are listening to you and grab their own copies ASAP :)
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@MiningBookGuy and quick update: an event came up and i need to travel between now and all of next week. will have limited internet, unfortunately won't be as active at #mbgtrends as i was hoping, because there are a bunch of posts i wanted to reply to. but activity from you guys has been great, and i like this trend of talking about new companies, like @PamplonaTrader & @Nick discussing an ASX stock I never heard of, and @FundamentalAnalysis @Alan discussing AXY which I haven't followed closely. hope to see more content like this! :)
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@MiningBookGuy oh, and one more thing: I haven't had time to look at it yet, but noticed @bullmarketmove got his 2nd #rickrule interview released here! http://thenextbullmarketmove.tumblr.com/ I'm sure this will get the full ceo.ca treatment, so consider this a #mbgtrends preview, and can make for some good discussion. I'm sure it's an excellent interview, and I will try to read later today :) #TheNextBullMarketMove
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@bullmarketmove Thanks @MiningBookGuy yes, my #RickRule interview will get the CEO.ca treatment later today, too many things to do at the moment! Here's the preview :) http://thenextbullmarketmove.tumblr.com/post/155429308255/the-next-bull-market-move-interview-rick-rule #TheNextBullMarketMove #Uranium
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@bullmarketmove Thanks @MiningBookGuy yes, my #RickRule interview will get the CEO.ca treatment later today, too many things to do at the moment! Here's the preview :) http://thenextbullmarketmove.tumblr.com/post/155429308255/the-next-bull-market-move-interview-rick-rule #TheNextBullMarketMove #Uranium
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@bullmarketmove Hi everyone, my interview with #RickRule is now on ceo.ca. Check out the article below. We talked about some specific #Uranium companies, the #Uranium sector, and the biggest lesson Rick learnt from his early days as an investor. Enjoy! @bullmarketmove/the-next-bull-market-move-interview-rick-rule-2017 @MiningBookGuy @Alan @Excelsior @jayfire #TheNextBullMarketMove
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@MiningBookGuy Confirmed: it IS an excellent interview! :P @bullmarketmove/the-next-bull-market-move-interview-rick-rule-2017 well done @bullmarketmove! especially liked the detailed answer in the last question. I've heard this from #rickrule before. but not in this amount of detail, and it's a great #lesson for us all! #TheNextBullMarketMovie
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@bullmarketmove haha! :) many thanks @MiningBookGuy Yes, #RickRule really is a legend and that last answer really shows what he's made of. Basically, he's the man. https://www.ceo.ca/@bullmarketmove/the-next-bull-market-move-interview-rick-rule-2017 #TheNextBullMarketMove
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@Kiwipete Hi guys I invested in my first lot of shares yesterday in a big way.
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@Kiwipete damit I push wrong keys lol I was keen about sinking money into platinum group metals but the shares shot up so I missed the boat. I ended up sinking buying 10 million of shares in atlas iron limited ago.asx. I payed 3 cents a share. I was hopeing to post my idea on buying these shares to get your guys feedback but I had to buy them as soon as the asx opened. I know what I've brought is a risk but with iron ore prices up and a new CEO coming shortly and this company paying down a lot of debt this company has a lot of positives. Nick would you or someone else on here possibly look at what I've brought and give me your thoughts?😀. I like this forum and everyone seems to think level headed etc. rgds Pete. Ps any of you guys ever come to nz for a holiday and want to go fishing please feel free to drop me a line
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@FundamentalAnalysis @Kiwipete I don't know of your financial situation or experience with mining, but I would say be very careful and don't put all your eggs in one basket. Is the money an amount you can afford to lose? Also don't think because you haven't been getting in on the recent action over the past year (which is what I deduced based on your message) that you need to invest in a big way to catch up. It could be a dangerous move. My knowledge on Iron ore is relatively limited, and my knowledge on that company is close to zero. However a commodity that has already increased substantially in price now makes it a lot more riskier in my opinion and experience. My basic research on Iron ore does suggest that the market is relatively oversupplied (hence the large drop), the recent rally has been partly due to trump (however that won't make a dent in the fundamentals of the market), there are a lot of Low cost iron ore producers out there which can make money at even $50 iron and have capacity to ramp up production (Rio tinto comes to mind). Also are you in the lowest cost curve?.... Lots of things to consider let me know if you wish to discuss further.
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@FundamentalAnalysis @Kiwipete You mentioned "I know what I've brought is a risk but with iron ore prices up and a new CEO coming shortly and this company paying down a lot of debt this company has a lot of positives.". The part where you say with Iron ore prices up, that to me suggest being even more careful. If the metal prices increases, the stock prices have usually already increased as well, making it more risky IMO.
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@Kiwipete Hi fundamental thanks for reply.
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@FundamentalAnalysis @Kiwipete No problems, again I'm not in a position to give financial advice but its definitely worth being careful. Also don't trust people on message boards who are talking the stock up etc....some people have hidden agendas to make the company look better then it is, talk price up etc... either way I look forward to your research article to learn more about the company.
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@Kiwipete i would hate to lose any money but if it turned bad I'll just cut my losses and get out of it. I have good faith that it will head upwards.ive been watching this company for awhile now and it's a lot of money to put in with my lack of experience but my gut feeling has always been right most of the time. I guess it's the old high risk high gain senarion.
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@Excelsior @Kiwipete - I wish you well in your investment with Atlas Iron Ore, and there can be great risk/reward in a concentrated position like that, but personally going "all-in" on a speculative $.03 stock would make me a tad unsettled. I would also mention that the Iron Ore prices really spiked this last year on Chinese speculation, but commodities are cyclical where one takes the spot light, then the next, then the next (like what we saw with Gold/Silver, then Iron & Lithium, then Copper, and now Zinc and possibly Uranium....) What goes up, also comes back down. Personally I love to take targeted risks on stocks or sectors that I've spent a fair bit of time doing my best to understand, but I always counter-balance those positions with some stability in my portfolio. More often than one would like, something unforeseen surfaces and with just one position it's much easier to wipe out a larger percentage of one's trading account. If that stock dropped to $.012 on bad news your $300K could turn into $120K in a matter of minutes. In fairness, if it went to $.05 though, your $300K would suddenly be $500K. Still, pretty risky, like #ThrowItOnBlack in roulette. One strategy that has worked well for me over the years is diversifying across #subsectors in various commodity sectors. So take Iron or Silver or Gold - Put some percentage of the commodity exposure in 3 sub-sectors #Producers, #Developers, and #Explorers. I like keeping some small Jr #Producers in the mix because they've been more de-risked, are permitted, are producing revenues, and their financials are less dubious. #Developers can offer bigger spikes/returns depending on where you catch them during the mining cycle (as sometimes they sit dead in the water if they don't have money, haven't finished metallurgical testing, are waiting on permits, or have social/environmental/governmental roadblocks). Still the #Developers are somewhat de-risked in that they have an #AdvancedDeposit, and may vary depending on jurisdiction, scale of project, economics, payback period, life of mine, and the assumptions made in their Preliminary Economic Assessment, Pre Feasibility Study, or Feasibility study. In addition one must consider what infrastructure in is place (power/water/road access/prior mine/prior surface development & build out), stage of permitting, capital that has been raised or needs to be raised, recovery of metals, smelter penalties, transportation of ore, seasonal access to property, etc.... Lastly we have #Exploration projects where all those same concerns are still relevant, they are much less derisked and unknown, and they are utilizing Airborne Geophysical Methods (VTEM), ground-sampling, GeoChemistry, and drilling to delineate their deposit attributes. It has the highest risk/reward component because it is answering unknown questions. Of course, there are other sub-sectors like #ProspectGenerators that do limited exploration to farm out their properties to other #Exploration companies in various #JointVenture arrangments, forgoing the need for the exploration capital expenditure, and hoping to get an earn in, shares in the other company, or a Net Smelter Royalty #NSR on the project. There are also #Streaming Companies that get a commodity at a set price for the life of mine or district for putting up capital at a time where the company needs this to move forward. Often in addition to streams the company may have a basket of royalties they've acquired over the years. Much less risk with these, but not as much upside. More of a stable growth scenario (think Franco-Nevada). All investors have their own unique financial situation, risk tolerance, time horizons, short term trading versus long term value holding approaches, and comfort in following various numbers of companies. This leads them to seek out different jurisdictions, filter out or down to companies based on their market cap, or ounces in the ground, or share count/float size, etc... My education was enhanced through the #SchoolOfHardKnocks and was taught in a humbling way the power of diversification for stability versus laser focused bets on a one-trick pony. However, it is a spectrum of risk/reward where too much diversification can water down gains if not actively managed, and too concentrated of a position can create an incredibly high risk environment. I wish all investors the success in whatever approach they take and just wanted to reflect on the benefits of #PreservationOfCapital along with the #QuestForGains. :-) #mbgtrends #newbies
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@Kiwipete Thanks excelsior for reply. I've been looking at investing for 2 months now without committing just trying to soak up info. I had a plan of looking at 12-18 company's mainly in gold silver mids juniors one lit stock and one uranium stock. My strategy I've just done is very foolish and risky and I realise this. I'm 99% I've done a good move hopefully in the next few weeks it will go up giving me a nice buffer.I will re access things over the coming weeks months my plan _goal is to have the share price hit 4c by end of feb if it doesn't hit this target I will be pulling out and go back to my original plan. I'll def keep in contact with progress. Rgds Pete
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@FundamentalAnalysis #mbgtrends #newbies.. I wanted to open a discussion, and its more directed towards speculators who have been in more then 1 resource market cycle. It's in regards to permitting.....if we stick to purely gold projects for the sake of simplicity... to what extent in general terms do we find successful permitting being a question of when not if? How many speculators have seen projects which have been denied permitting for more then 5+ years? Which projects hold large potential but have never been permitted? Which countries/jurisdictions within countries are good/bad for permitting and why? Very broad questions but would be good to see what people have noticed? Are there any common trends? For the sake of speculating we want permitting to be a question of when not if, however in regards to when its important to know how much delay are we talking? by country/juridiction/project size etc......
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@FundamentalAnalysis Perhaps we can focus on North America/Canada to start with, and the province/states within them if we wish to narrow discussion further.......#mbgtrends #newbies
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@90bigpicture as a general rule of thumb @Kiwipete, mining is a very cyclical industry. It is hard enough to find a good long term investment in the space you can "buy and hold". Junior mining is even more crazy. Just as a thought, think about what % of your portfolio a position is, the riskier the position is, the less % it initially should be (if it grows to become a big position, that is a high quality problem). You want to be able to live to fight another day if you are wrong. Here is a good piece on the issue from a smart HF manager, think about what % of your total capital you are willing to lose on a position: http://brontecapital.blogspot.com/2017/01/when-do-you-average-down.html #newbies
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@turnpiker Back in 8/28/2007, there is this article on #RickRule, “Contrarian or Victim, the Choice Is Yours”, which can still be found at http://www.24hgold.com/english/contributor.aspx?article=815570418G10020&contributor=Rick+Rule The first few paragraphs read: In resource investment markets, one can be a contrarian or one can be a victim, and the choice is one's own. Having once been a victim, I chose the other path. Natural resource industries are cyclical, volatile, emotional, over regulated and capital intensive. That’s the good news. If you accept markets for what they are, while other speculators operate in ignorance, you have an advantage in the market. Being a contrarian is hard. That’s the other good news. Most speculators cannot act in contrarian fashion, for reasons we discuss later. Most speculators want to be contrarians when it's popular and comfortable, which is a challenging task. The rest of the article is also revealing of Rick’s thoughts and philosophy.
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@Excelsior @FundamentalAnalysis - Regarding the topic of #Permitting and it being "When" not "If"... that can be a complicated answer due to different government groups, different pressures from Environmental lobbying groups or First Nations communities against mining companies, and the long and complicated process mining companies must go through to put a mine into operation. I am going to attempt to attach a PDF of 5 Examples I just threw into a document with hyperlinks to outline the long timelines and challenges that miners face when permitting. {the hyperlinks will need to be cut & pasted into your browser though} The companies featured are: $MGT MINES MANAGEMENT, INC [they were acquired by Hecla $HL last year]; $BCM $BCEKF - Bear Creek Mining Corp; $SBB $SGSVF Sabina Gold & Silver, $AR $ARNGF Argonaut Gold, and $NAK $NDM Northern Dynasty #GOLD #SILVER #Newbies #mbgtrends #INDEX http://cdn.ceo.ca/1c74teh-Permitting%20Roadblocks%20-%20When%20Not%20If.pdf
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@FundamentalAnalysis @Excelsior thanks
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@FundamentalAnalysis I've been following the situation for $SBB, $BCM and $NDM. $SBB is the one I have the most confidence in given the information released to date. Like the company, but difficult to de-risk it from a speculative standpoint. #mbgtrends #newbies
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@FundamentalAnalysis I've been following $MAX as well. They have a tough process to go through, but looking at what they are doing, the team they have assembled I think that will also be a question of when not if. #mbgtrends #newbies
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@FundamentalAnalysis I've been following the situation for $SBB, $BCM and $NDM. $SBB is the one I have the most confidence in given the information released to date. Like the company, but difficult to de-risk it from a speculative standpoint. #mbgtrends #newbies
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@FundamentalAnalysis I've been following $MAX as well. They have a tough process to go through, but looking at what they are doing, the team they have assembled I think that will also be a question of when not if. #mbgtrends #newbies
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from @fundamentalanalysis,
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@Vaughan @Kiwipete, you dont need to give updates, we are all (most likely) following your company now and will be able to watch the progress live. Got my fingers crossed for you buddy.
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@EvenPrime Ive been trying to confirm that Sabina is just requiring the NIRB to approve the issue with the Caribou. I know that is why it was rejected but I couldn't determine with 100% that if that part was approved, that the EA would be accepted and the next stage could begin. I would just hate to have them approve that, and then turn around and nit pick another issue. Im not sure how that all works - can anyone comment?
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@Excelsior @EvenPrime - Check out the PDF I attached in the post up above (pgs 2-4), it has quotes and hyperlinks to some of the Sabina press releases and discussion around what is needs to proceed.
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@Excelsior 1) #Gold #Stocks Shine in 2017 #mbgtrends Adam Hamilton - Jan 06, 2017 http://www.321gold.com/editorials/hamilton/hamilton010617.html 2) #Gold's New Year Rally Accelerates Morris Hubbartt posted Jan 6, 2017 Super Force Precious Metals #Video Analysis Here are today's #videos & #charts (click Blue Links to watch the 3 different #TechnicalAnalysis videos): http://www.321gold.com/editorials/sfs/hubbartt010617.html 3) #GOLD - January 6, 2017 - Smart Money Tracker "Gold is now in the advancing phase of a new intermediate cycle. Bearish sentiment at the recent bottom was among the most extreme readings we have seen in the past 40 years. This should be the fuel to drive a really big rally." - Gary Savage #TechnicalAnalysis #Video https://blog.smartmoneytrackerpremium.com/2017/01/gold-2.html 4) Jobs Report Jump Starts #Dow and #Dollar - Weekend Review January 6, 2017 - by Gary Wagner - The #Gold Forecast #TechnicalAnalysis #Video #Charts http://thegoldforecast.com/video/jobs-report-jump-starts-dow-and-dollar 5) All Roads Lead To #Gold In 2017 #KWN has now released Michael Belkin’s #AudioInterview http://kingworldnews.com/michael-belkin-says-all-roads-lead-to-gold-in-2017/
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@EvenPrime @Excelsior I actually just finished looking at it :) The thing that has caught my eye is the way this is written, " to address uncertainties regarding effects predictions and mitigation measures, particularly with respect to caribou and climate change" IT is that Climate Change wording that has me worried.
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