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@hihosilver I bought some more $AG on Friday. Mainly just based on gut feeling silver will price will improve modestly. Also peso is weak and lead and zinc prices are high which will lower ASIC for Q3 and Q4.
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@FundamentalAnalysis @hihosilver, #mbgtrends Keith has a stake in a silver exploration company, personally and via first mining finance. Forgotten the name. However given that the exploration company has properties in Mexico. I expect these properties will be sold to First majestic in the years to come. First majestic appears to be a little low in its reserves/resource base especially if it were to continue its 20m oz of silver equivalent production year after year. It is undergoing exploration on its other 2 properties, so awaiting those results which will be an important catalyst for a stock price increase. It also needs to continue working on keeping its costs under control, this should help it generate lots of free cash. The share price given its a producer can then be successfully remain valued based on an earnings/cash flow multiple instead of resources in the ground (which makes first majestic expensive). The larger producers I've noticed who've established themselves as not needing to worry about running out of resources due to their success in finding new economic resources tend to trade at high multiples. If trump wins dollar price of gold/silver will increase substantially, and peso will probably weaken in line with the dollar. Could see a MASSIVE move for first majestic. $AG $FR
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@FundamentalAnalysis #mbgtrends Apologies all forgot to introduce myself. I am a private investor and speculator based in the UK. I have been focusing on the mining sector since October 2015. My focus continues to remain on gold/silver however I continue to evaluate copper/uranium projects. Bullish on precious metals in the short/medium and long term, luke warm on everything else short term. But medium and long term things look interesting...
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@FundamentalAnalysis #mbgtrends I am a chartered accountant by background.
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@MiningBookGuy @FundamentalAnalysis - welcome, & thanks for the great series of posts in #mbgtrends! also very cool to see you're from the UK--not too many from there at ceo.ca. Always good to have new people from under-represented countries! :)
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@MiningBookGuy @FundamentalAnalysis - I added the "AG" with the "$" sign at the end of your first post in this series. That immediately tags this to the "AG" channel. You can click it to see for yourself. You can edit your own posts within the first 15 minutes of posting them. I have privileges to edit anything in #mbgtrends. But it's the only room/channel I can edit at ceo.ca. Just wanted to let you know I did that, because I think it's a very informative post, and wanted people in the AG room to see it. *EDIT - including 'FR' as well, based on good question/point from @anonymous.
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@MiningBookGuy @FundamentalAnalysis - And you don't need to tag every post (I don't always do it). It's up to you in the future. But it's a great way for others at ceo.ca to find relevant information (whether you are tagging people, companies, countries, etc.). Anyway, glad you're here, and feel free to discuss a wide variety of topics! I'm hoping #mbgtrends continues to help #newbies and/or #lurkers, whether they want some help navigating CEO.CA, or just with any #mining or #stock concepts in general.
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@MiningBookGuy @anonymous - For dual-listed Canadian/US stocks, Canadian is usually the priority. But you are correct it can be a bit confusing to follow conversations, especially for stocks like $AG $FR where there are likely a lot of US holders that look for the NYSE listing first. Not sure if @murat will make any changes. But just keep in mind you'll usually want to look at Canadian-listing channels, if you want historical info on any stock. I can try to answer follow-up questions for you in #mbgtrends, because the #index is going to get busy again with the Subscriber Summit as lunch is about to end. Or you can just wait for @murat response in the #feedback channel.
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anonymous @murat Confused by some multi listed stock having separate channels. ie. First Majestic Silver Corp is AG.NYSE and FR.TO. Price and chart don't move in lockstep, but can the discussion be combined? Maybe a dual chart option (tab)? #feedback As a #newbie, interested in the reason for separate - anyone? $AG $FR #mbgtrends
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@Jayfire @hihosilver Excellent points there, the name of the game these last few years has been one about survival, not necessarily drilling out and expanding reserves. With that said, in terms of production and growth, from the corporate slides, there does appear to be good potential to add meaningful ounces, coming from projects such as La Luz and Plomosas. In addition to cranking up production at the existing mines. 3-5 year goal of about ~20 million oz silver and ~25 million oz AgEq. Good leverage to a rising silver price so I picked up a tranche today $FR $AG #mbgtrends
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@hihosilver Yes the 5yr plan to reach 25 million is organic growth. Now if the silver price would just cooperate we will be in excellent shape!
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@Daniel whoop whoop, welcome to the NRN train @Jayfire!
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@Jayfire @Daniel haha thanks! Good to be onboard, can't wait for the drill results :)
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@Jayfire Gold and silver finally catching a bid... Nice to see some green for a change, even if just slightly. Hope it lasts! GLTA
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@MiningBookGuy So here's what I was up to yesterday with @TheNextBigrush & @JayFire! Ray Dalio Buys Gold? https://www.youtube.com/watch?v=5iSUMbyWsZQ+ Fabi ( @TheNextBigRush in Canada) had a great idea to record an informal chat with Jay ( @JayFire in Hong Kong) and me (in the US) via skype yesterday! This is just a snippet. I think it's a pretty good one, but there's A LOT more good stuff, probably coming soon! In any case, take a listen, and if you're interested in chatting more, come on over to #mbgtrends. This is a lot of fun to discuss! #RayDalio #Dalio #gold #BeautifulDeleveraging
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@MiningBookGuy ah, and one more open topic! posting in a minute..
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@MiningBookGuy Here's another #FiFighter blog update from @Jayfire: Mining Portfolio – Reshuffling the Deck (October 12, 2016) http://www.fifighter.com/precious-metals/precious-metals-updates/2016/10/mining-portfolio-reshuffling-the-deck-october-12-2016/ $AG $FR $AXU $NRN As @Daniel hinted at earlier in #mbgtrends, good to see @Jayfire on board with $NRN, and he provides a great summary of where the company is at right now. I'm jealous of his entry point, both on price and timing!
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@MiningBookGuy so feel free to discuss any of the above here. questions/comments/whatever :)
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@MiningCatalyst For #newbies #mbgtrends! Do you want to know when a PP becomes free trading? Visit www.stocktabs.com , create an account and have acces to every free trading share, option expiry and warrant expiry on the TSX and TSXV.
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@MiningBookGuy [76] Doug Casey | Clinging to Material Wealth is Unseemly https://www.youtube.com/watch?v=Iija6C7TdRg+ @AlbertKLu #DougCasey #Speculator #books #miningbooks #contrarian #entrepreneurship #AlbertLu interviews #DougCasey at his #ThePowerAndMarketReport youtube channel. I'm only 7 minutes through this one and it's awesome! Learning new stuff about Doug, and this is probably the most thorough discussion of his new book #Speculator (co-author @JohnHunt), which I highly recommend (getting lucky with really good books lately!). A longer clip, this is good 'late night' viewing. I'll tag #mbgtrends -- in case anyone wants to discuss content in this clip or the #Speculator book in the next few days in that room/channel.
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@MiningBookGuy 3 important focus areas from #DougCasey: #science, #history, & #travel #Speculator
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@MiningBookGuy @AlbertKlu is a great interviewer! i've seen a few of his clips at #ThePowerAndMarketReport before...I might need to dig into his archives based on the strength of this one! #Speculator
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@MiningBookGuy btw, I don't agree with a lot of stuff #DougCasey says. But I #think every time he opens his mouth! It's quite impressive, and who wants to be surrounded by people they agree with anyway?? Well, it's too bad he doesn't contribute at CEO.CA! maybe part of the horde of #lurkers here? no, probably has better things to do with his time/money, haha :P #Speculator
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@MiningBookGuy i love that @AlbertKLu makes sure to talk about BOTH #speculating & #entrepreneurship. very relatable to me. these are great thoughts/lessons. #Speculator
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@MiningBookGuy some stuff on #mentors, personal note: clearly #mentorship crucial to both #AlbertLu and #DougCasey. i had TERRIBLE mentors...learned from their mistakes, but that's just like learning from my own mistakes. I'm working on being a better #speculator. but really want to point out that you CAN do it on your own. i've heard the #mentor bit from so many influential people. maybe it's the best way, but didn't work for me. anyway, just need lots of trial & error & self-learning... hmmm, and then you wonder why i like #books so much? :P
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@MiningBookGuy nice plug for #Speculator book at the end! @Newton, hope you get a chance to watch this soon, you'll love it! :)
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@MiningBookGuy Investing in Lithium - Will the Crash Hinder it? https://www.youtube.com/watch?v=Y1xvJF2u8Dc+ #lithium #greenmetals #mbgtrends Some good #lithium chat between @JayFire & @TheNextBigRush!
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@TheNextBigRush Anyone else hearing increasingly worrying rumors of war coming from Moscow over Syria? Wondering what the impact on #uranium would be if WWIII broke out... #gold and #oil would probably shoot up in an instant.
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@BS MBG interesting Doug Casey interview - thanks for sharing
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@BS any other Albert Lu interviews that you can really recommend?
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@MiningBookGuy @BS RE: #AlbertLu interviews - yes! I highly recommend his 2 interviews I've seen with #PaulVanEeden: Here's the first one I posted almost a year ago: https://ceo.ca/index?a2d2102c334e And here's one from last month: https://www.youtube.com/watch?v=Zul0MTckudY+ #VanEeden #ThePowerAndMarketReport
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@BS thanks!
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@MiningBookGuy @TheNextBigRush - welcome, good to see you posting here! :) To answer your question: Hmm, I'm not any more worried than I've been over the past few years. My take is that #Russia just needs an excuse to 'do something' extreme, but that it won't necessarily be all-out war. But in your scenario, I completely agree with #gold shooting up, 'very likely' agree with #oil, and #uranium is a big unknown. My main problem with #uranium is understanding the market...I have a hard enough time with #oil, and #uranium is even more complicated!
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@TheNextBigRush @MiningBookGuy that makes sense. I think Putin is mistakenly put into the same category as other politicians, but he really sees himself as a history maker in the world stage for "Mother Russia".... I've even heard of him recently call Russians back to Russia in preparation for conflict. The source is NOT the best journalism institution but it's difficult to ignore: http://nypost.com/2016/10/12/putin-could-be-readying-for-war-calls-russians-back-to-motherland/
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@TheNextBigRush And #AlbertLu is a super smart guy, he always brings great content, thanks for the Casey interview!
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@MiningBookGuy @TheNextBigRush - So I'm not sure what category #Putin should be put into as a politician. But the key thing to me is that he needs to distract the Russian people from how awful their domestic economy is right now. I think this has been the case since the end of the Sochi 2014 Winter Olympics...I think people forget that #Russia invaded #Ukraine within weeks of that event, and #oil was already starting to get pounded. So the last few years have been a continuation of this, possibly leading to 'conflict'. But arguably it's out of desperation, rather than any specific plan by #Putin. I guess I'm just trying to make a point that I think the "pro-Putin" media gives #Putin too much credit for having a masterplan, and there are events outside of the control of #Russia that are actually forcing their hand...hmmm, probably best to leave it here for now. #geopolitics is really interesting, and often the 'experts' are completely wrong on it!
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@TheNextBigRush Putin's category: Basket case. ;)
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@MiningBookGuy Finally had a chance to listen to the next segment of my 'informal chat' with @Jayfire & @TheNextBigRush: Mining Stocks Are Crashing! Are we selling? https://www.youtube.com/watch?v=wKdYJpsqQcI+ It's my favorite one so far! Everybody gave some valuable nuggets here. Take a listen if you haven't. Subscribe to #TheNextBigRush Youtube Channel if you want to hear more great stuff from Fabi https://www.youtube.com/channel/UC8FndsMLWAE6gb1k-NlxU6A Oh, and feel free to discuss any of this or previous clips in the #mbgtrends room! :)
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@MiningBookGuy Howe: Why U.S. Election ‘Venom’ = Indictments & Gridlock https://www.youtube.com/watch?v=FdlRUzfr-CA+ #NeilHowe #Howe #politics #hedgeye #mbgtrends This ~4 minute clip is the type of #politics talk I find useful. I will likely check back on this in early 2017 to see if things start playing out this way.
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@Jayfire Blood bath today in lithium on the ASX... $BGS.AX $PLS.AX $KDR.AX
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@Jayfire Nice recovery across the board after yesterday's sell off... Lithium gives me a headache, what about you?
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@MiningBookGuy @Jayfire - yeah, #lithium stocks all over the place, but seems to be affecting the #ASX stocks more. fascinating to me how you can have very similar stocks listed on #ASX and #TSXV, but you'll see stronger correlations in short-term trading simply based on the exchange their listed. Sometimes it's just giving you an idea of how the 'local' traders are feeling that day, and creates opportunities.
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@MiningCatalyst For #newbies #mbgtrends I can recommend the #book 'Mineral Exploration and Mining Essentials' from R. Stevens. It covers the most basic aspects from geology, exploration, resource estimates, mining and economics. https://www.amazon.com/Mineral-Exploration-Mining-Essentials-Stevens/dp/B004RY4YFC/ref=sr_1_1?ie=UTF8&qid=1476811547&sr=8-1&keywords=mineral+exploration+and+mining+essentials
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@Jayfire @miningBookGuy Yup, for whatever reason it usually seems like the ASX listed names swing more drastically from day to day... Makes for some good trading, too bad I'm not much of a trader!
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@Jayfire Nice bounce in the precious metals stocks today! I like seeing GREEN for a change, it's been awhile :)
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@Jayfire Anyone else notice the selloff in SSP today? Seemed pretty relentless... I picked up a few shares $SSP
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@JamesKwantes $SSP drilling too @Jayfire - following up on some nice 2015 results - although it looks like results not available until February. Perhaps part of the reason for the selling pressure
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@Jayfire @JamesKwantes Thanks for sharing your thoughts! If I recall correctly, I believe they are fully funded for their 2016 drill program and BFS. The last placement was in May with warrants, so it also looks like the 4 month hold recently expired... Maybe that has something to do with it too? Anyway, I like the value play here as you get the 4 million ounces in Toroparu and the thrill/upside of exploration in Sona Hill... Risks seem relatively moderate at this market cap for all the potential upside... And if gold can ever clear $1,400, look out! $SSP
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KP138 Hello all! I discovered this site through TheNextBigRush and I'm excited to learn from this community. I'm interested in mining stocks and uranium. I'll post more but I just wanted to introduce myself.
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@Vaughan Welcome kp138. Great to see you contribute here. Do us a favour and change your name to @KP138 (the @ sign will allow people to follow your thoughts and for you to be notified when someone mentions you.
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