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@FundamentalAnalysis @T I don't think they give it as much thought when doing economic studies, they just use standard rates. Hence why most tends to be either 5%, 7.5% or 8% you get the occasional 10%. In reality you should come up with your own discount rate. I.E an incompetent management team who cannot run an operation properly. If you are investing you should probably use a 20% discount rate for example.
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@Maxhuntly I had question maybe u could help shine some light on. How are insiders allowed to purchase shares right up to the days before news or finance release? Is there no quiet period or blackout that's supposed to take place?
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@FundamentalAnalysis @Maxhuntly Not sure about that one. Here is my take on it (not from a legal background). Yes there are periods where an insider cannot purchase shares i.e prior to a news release. On the flipside however. An argument could be made that if a CEO bought shares prior to say a positive earnings report, but then held onto the shares and not selling them, then is it really trading on inside information. I've seen a company listed on london markets where the options granted to insiders had their exercise prices reduced after financing. I would argue that's very shareholder unfriendly and a company is suppose to serve its shareholders. Guess there are grey areas, where if you can work around the law legally then a company can justify their actions.
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@Maxhuntly Thank you @FundamentalAnalysis for sharing. That is all very interesting and valuable to know. Information like this will definitely, make me want to research better before executing any sale. Thanks again for the help.
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@drilltracker @pamplonatrader $TK $NVO $MARL are a good examples of holding the faith (or NOT as the case may be). I first got in to $TK prior to PDAC in 2015 when I self published (along with $NVO and $MARL) my drill tracker report which tracked early stage discoveries. Unfortunately, after a year $TK was trading down to to $0.10 and i was happy (sort of) to exit in May when the shares popped back up to $0.25 (opps). Once burned twice shy...i did not buy back in. At the same time $NVO dropped off in early 2015 when a key hole missed. $MARL has done somewhat better with Hot Maden. A lesson learned with each trade. #newbies http://cdn.ceo.ca/1c9hjc5-Drilltracker%20Feb%2016%2C%202015.pdf
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@FundamentalAnalysis Whilst most people, chase hot stocks for quick gains. For those who want to place capital and get exposure to the wider natural resources sector with a precious metals bias but don't wish to/or simply don't have the time to speculate in individual shares. I think one of the smartest ways to do safely without blowing up your investment capital is buying Sprott Inc. $SII. I've analysed all aspects of the business, and it has now diversified its business to beyond natural resources, yet still retains a natural resource sector focus. As a whole its funds haven't done too well outside the natural resources sector, and the natural resources sector itself in the prior years has gone through a tumultuos period. I could list a whole host of positives and negatives but few things stand out. Sprott Inc has ZERO DEBT. It is paying about 5.5% yield at todays prices. It has about 350million in working capital, of which 130million or so is just sitting in cash, whilst the rest has been invested in mainly natural resources shares via its partnerships, and lent out as loans for interest etc..... with a focus on precious metals. This company basically is a true call options. If you strip out all the working capital. The business itself has a low valuation, yet the business continues to generate positive cashflow. Remember the business gets its money from both management fees [ easy money :) ] and performance fees through its (precious metal trusts, junior metal etf's, investments partnerships, high net worth accounts management etc...) which will all rise as the natural resource sector gets hot and precious metals rise, and if it remains in a lull period the dividend will most likely be maintained as it has done over the prior years given the cash balance. The insiders own over 40% if I have my figures correct so I expect dividends to be maintained, and rick rule I believe owns a substantial portion via his trust with his wife. Full disclosure I've been invested for over a year have an average cost base of 1.95CAD and continue to hold.........................As always do your own due diligence #index #mbgtrends #newbies
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@MiningBookGuy Re-Posting a great one by @Stateside below with tags! #BestOfCEO #newbies #mbgtrends https://ceo.ca/index?8ad091b56569 " @stateside - Most of us who have been around for a while know not to brag too much about our stock picking prowess. In this game you will have more losers than winners. The goal is to keep your losses to a minimum and find one or two home runs to offset the losses. For all you #newbies out there if you read someone talking about how great they are just realize they put on their pants just like you do. They just don't like to talk about their losses here."
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@MiningBookGuy @FundamentalAnalysis - great post on $SII! i tend not to think about stocks this way...but most people probably should for the reasons you gave. it was a good one to tag to #newbies!
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@MiningBookGuy @leni - great interview with @Brent_Cook here, with some discussion of #ExplorationInsights #newsletter he runs with with Joe @JMNorthShore: @Leni/insights-on-the-resource-market-with-brent-cook-and-joe-mazumdar this is excellent for #newbies. I will also add my 2 favorite 'free/classic' @Brent_Cook articles that I've been sharing with various people lately: Part I: What was it like, Dad? by Brent Cook | June 19, 2015 https://www.explorationinsights.com/pebble.asp?relid=29900 Part II: Will mining boom again, Dad? by Brent Cook | July 10, 2015 https://www.explorationinsights.com/pebble.asp?relid=32671 These are MUST-READS if anyone hasn't seen these before, especially after you read @Leni's interview with Brent! #newsletters #mbgtrends
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@MiningBookGuy New #MiningBookGuyTV clip: The Money Game - Read The BEST 'Stock Market Intro' Book You've Never Heard Of! https://www.youtube.com/watch?v=mJHrxHLZw-o+ #TheMoneyGame #AdamSmith #GeorgeGoodman #books #newbies #mbgtrends
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@FundamentalAnalysis Anyone tempted by Medusa Mining $MML.AX
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@MiningBookGuy @bullmarketmove - I just read your new #RickRule interview for a 2nd time (forgot to post about it when I first read it a few days ago: @bullmarketmove/the-next-bull-market-move-interview-from-london-rick-rule-president-and-ceo-of-sprott-us-holdings-inc Another classic! I especially appreciated Rick's comments on how difficult it is to sell at/near the top, and how he has gone through 50% pullbacks so many times in his career, leading to 10-baggers or more. These are both VERY HARD lessons for us #newbies to take...I just know I'm going to continue to struggle with these as we move forward in the cycle. @bullmarketmove - I hope you keep up with these interviews! You may have just become the #1 interviewer of #RickRule on the internet with this series! :) #mbgtrends #TheNextBullMarketMove
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@MiningBookGuy $RGD just hit new recent high at 0.14 CAD. Quick shout-out to @JoeMichel @Samson @ARIMA. I reached out to them as purely to help me with $RGD DD. we did a little private room, and it was essential for helping me build a position between 0.035-0.05 CAD. Not necessarily saying $RGD is a good buy at these levels (i've sold some on the way up, now taking a 'free ride'). But I am saying that sometimes the best way to do DD is just to reach out to others (I didn't know any of these guys before this), and this will lead you to #opportunity! IMO, one of the best lessons for CEO.CA #newbies :)
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@zartceps @zeroboot & @JanuarysVeryOwn Can you please think about how you address each other in the channels and try to avoid name calling if possible. A lot of people are following NDM at the moment and they receive notifications when there are new messages. One of the benefits and pros with CEO.CA is that you can ask more experienced traders, speculators and investors for their opinion about something, and with a bit of luck you might receive answers that may improve your DD learning process. #newbies
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@TheNextBigRush Speaking of video... Always another train leaving the station in the junior mining sector - FOMO: http://youtu.be/9pyPvj-IETU?a+ @MiningBookGuy @Jayfire #newbies #fomo
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@MiningBookGuy @nicholaslepan - mine's 'ok'... #TheNextBigRush channel is my favorite youtube channel for the sector! https://www.youtube.com/channel/UC8FndsMLWAE6gb1k-NlxU6A/videos #1 for #newbies. worth browsing that link for the early videos!
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@kakoo88 @MiningBookGuy Thank you so much for your videos about $SWA, amazing material you are sharing with the public on your youtube channel!! I started a position in $SWA yesterday.. Officially my first and only Gold play #newbies.. I really think some sort of correction has started in the Gold sector (I have been watching for a while now without making any move) and I personally see huge potential in $SWA.. @Jayfire Wherever I read you, your comments are solid and your blog is amazing!! Keep up the good work!! @TheNextBigRush I have been following your investment journey on Youtube as well!! Thank you for sharing! you guys are a great team!
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@TheNextBigRush @kakoo88 That's very kind! Love seeing this community grow.
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@bernddo The obvious is obviously wrong https://www.youtube.com/watch?v=9KpoYVFZFxA+
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@FundamentalAnalysis #newbies #mbgtrends #index In my opinion its not a bad idea to take some profits along the way unless you believe sentiment will continue until the day it doesn't. $ARL.AX has been touted as the world largest undeveloped cobalt deposit and the investor presentation has been produced on that basis. It is highly convincing. The IPO price was also surprinsingly low, However before everyone starts confusing this momentum run with their own high IQ. I must add, there are also other mega deposit type companies listed on various markets which have tiny valuations. $MCT.AX comes to mind.The reason is the market fully knows they won't get developed for a very long time. With $ARL.AX this momentum could continue given the cobalt run, but its no question this is a low grade NICKEL - Cobalt deposit in Australia. Notice I put NICKEL first, this project won't amount to much until Nickel prices start moving. I see this company as an "OPTIONALITY" play. Grades need to be higher especially in places like Australia for this to work (I've also had an australian investor geo friend to back this claim), and even if you convert the high grade zone into Nickel Equivalent at $60,000tonne cobalt you still have a low Nickel equivalent. KNP has been around for quite a while, even Vale did a PEA on it back a good few years back, and there is a reason it continues to remain undeveloped. Projects were spun out of Heron so that the value could be realised I reckon Greenstone had some input on that, and overall they've done a fantastic job in marketing the company effectively, but I would be concerned given how conservative Australian market tends to be, especially compared to the likes of Canada. If I were to place a bet, I am going to say I don't expect the PFS to be stellar. They will show a positive NPV and use higher Nickel/Cobalt prices to justify those numbers
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@MiningBookGuy @FundamentalAnalysis - funny, I was actually going to comment on $ARL.AX this morning in #mbgtrends (in fact, I was going to yesterday...but delayed when ceo.ca had some hiccups, and then just got lazy :P ) I'm glad you tagged #newbies on this post. It's clear that $ARL.AX is single-handedly getting North Americans wanting buy on the ASX for the first time. I have some further comments that I will get to in a follow-up post shortly:
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@MiningBookGuy @FundamentalAnalysis RE: $ARL.AX notes - #mbgtrends #newbies 1. #1 thing in your post - skepticism! $ARL.AX needed this, especially when the share price is on a rocket ship. these are important discussion points. 2. You can compared $ARL.AX to other projects. @PamplonaTrader has, and the #cobalt component is clearly favorable in both scale and grade to other "non-risky" jurisdictions. You kind of make a good point on #Nickel #Optionality. But.... 3. This is really key for me. See the NR from last night: https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC4g%2B9yxKZoeV1ke92GA%3D%3D there are many details here. let's focus on one section, full quote: "Lateritic cobalt-nickel mineralisation at Kalpini is not presently part of the KNP Cobalt Zone. The existing resource at Kalpini is 75.0 Mt @ 0.044 % cobalt + 0.73 % nickel (see Ardea Resources prospectus p.86). However, recent examination by Ardea has defined significant cobalt-bearing intercepts in historic drilling at Kalpini. Planning for the first drill program is still underway for Kalpini where around 25 RC holes are envisaged for around 1000 m of drilling. The aim of the Kalpini program is to test whether selected resources of the KNP can be upgraded to become part of the KNP Cobalt Zone. This will be a pilot study for a series of other similarly identified cobalt-rich occurrences that are not yet part of the KNP Cobalt Zone. Drilling at Kalpini will be performed back-to-back with the program at Black Range." We have to keep in mind that this is NOT a typical #optionality play. Yes, many studies have been done before on KNP. But never has it been MORE focused on #cobalt than #nickel. Within the next few months, there is room for an improved #cobalt resource, and metallurgical work could improve the economics. I actually think the #Nickel grades are fine. That's more an issue of being laterite #Nickel, which I just know is generally a more costly process than sulphide #Nickel for extraction. Anyway, there's A LOT of NEW work going into KNP prior to the completion of the PFS. I am actually bullish #Nickel...but even if you weren't, I strongly feel that a focus on #cobalt zones can turn this into a true 'Cobalt-Nickel' play, rather than 'Nickel-Cobalt'. 4. I think it's harder to make a judgment call on the PFS at this stage. But even with these concerns, it's so easy to forget there's also 'zinc-gold' project, AND earlier stage #nickel exploration. And they are cashed up. And very tight share structure (especially for ASX), which is a critical reason for the price spike. Really, this story is unique in more ways than one. 5. With all this said, it makes sense to start thinking about selling ANYTHING that has doubled or tripled in a few weeks (though @PamplonaTrader has made a very strong argument for holding until certain numbers get hit). I will also mention again that the #1 reason for me to get involved is the potential for #cobalt supply disruption, with so much in #Congo #DRC. That is very speculative (and has worked out so far), but sentiment can change quickly. Still, this is a STRONGER argument than #gold, #silver or #uranium #optionality (where I've seen plenty of people make money on absolutely CRAP projects in the last year or so). I won't name any here...but there's much more to THIS optionality story than most others, IMO. Plenty for #newbies to think about! The #1 lesson I would share is NOT specifically about $ARL.AX. It's that more people should be "exchange agnostic"...many of the best opportunities for me recently are on the ASX rather than TSX/TSXV. You might still be able to make money on $ARL.AX ...but IMO, best thing to do is set yourself up to trade on ANY of the major exchanges! Many 'veterans' are too stubborn to do this (because they've been only trading in Canada for decades). So consider giving yourself a leg-up in this way...and maybe you can find 'the next $ARL.AX'!
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@MiningBookGuy @nicholaslepan RE: https://ceo.ca/index?0c94a6089372 - good questions. needs to be done on a case-by-case basis. Raising money with NO warrants at a premium to market price is almost always good (possible negative would be raising too much relative to market cap). Nothing inherently wrong with warrants. But too many long-dated full warrants is a red flag for sure. Too many raisings in a short period of time is a red flag. You want to know where the money is going. You also want to know who is participating in a #financing. You might see full warrants...but they are going to a new, strategic investor, and it's not blowing up the #sharestructure. So that can definitely be a positive. Just some quick thoughts for you. #newbies
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@FundamentalAnalysis @MiningBookGuy Thanks for your viewpoints and Link. I'll try and keep it short. In regards to cobalt grade and size , I agree this project ticks the list compared to other projects especially in the developed world and I agree to some extent in regards to companies needing to source cobalt ethically (I also believe this is a bit of PR spin for cobalt as well, as why now instead of before, supply chains being audited isn't really a new idea. Cobalt can and in my opinion will still be sourced "ethically" from the congo). You are right about the potential for supply disruptions due to 60% of cobalt coming from Congo (if I have figures correct), same argument could be made for the Platinum/Palladium. (South Africa/Russia). I was looking at $HZM recently a nickel saprolite project in Brazil with double the grade of Nickel 1.77% reserves (First 10yrs of mine close to 2%), and about 0.06% cobalt, and with long life of mine etc... Initial capex of 450AUD ($354mn USD) and you could look at that as a basic comparison to where KNP, the high grade zone could stand. At current prices cobalt per tonne is about 4.5x value of Nickel. As per the presentation KNP has a high grade area "49.7 Mt at 0.12 % cobalt & 0.86 % nickel" and looking at the link you provided we could get upto say 0.2% cobalt and 0.9% Nickel. If there is enough size, there is potential 0.2% and 0.9% would be like 1.8% Nickel equivalent at todays price. But in the case of $HZM despite having higher overall grades, based on the PFS the NPV is not large enough to warrant the capex at even $12000 Nickel, it would need $14000 Nickel as a start. So 40% above todays Nickel prices. However you look at it...I still think the commodity prices need to be higher. #newbies #arl.ax #nickel..... This is getting rather confusing to write...but overall my argument is its an optionality play and as long as you are very bullish on Nickel and/or cobalt prices then it could eventually become in the money, especially if drilling finds a good tonnage of high grade ideally above 0.2% cobalt. $ARL.AX.
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@PamplonaTrader @MiningBookGuy Kalpini section definitely interesting. The section on Black Range also caught my eye. The mineralization at Black Range lies on top of an intrusive complex that has potential to host some PGM mineralization. There has been historic drilling that has intercepted some of this but it is not well defined. This opens the possibility of significant PGM at Black Range, which is quite different to other parts of the KNP. Will be interesting to see how it all plays out. Black Range also area hosting some higher grade Ni-Co. #cobalt #nickel #mbgtrends #newbies $ARL.AX
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from @pamplonatrader,
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@PamplonaTrader @MiningBookGuy Kalpini section definitely interesting. The section on Black Range also caught my eye. The mineralization at Black Range lies on top of an intrusive complex that has potential to host some PGM mineralization. There has been historic drilling that has intercepted some of this but it is not well defined. This opens the possibility of significant PGM at Black Range, which is quite different to other parts of the KNP. Will be interesting to see how it all plays out. Black Range also area hosting some higher grade Ni-Co. #cobalt #nickel #mbgtrends #newbies $ARL.AX
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@FundamentalAnalysis @PamplonaTrader Agree in terms of cheapness and potential, especially if a good well defined high grade cobalt zone is found, and yes compared to other outside DRC projects its cheap looking at relative valuations. However putting market sentiment aside, I'm looking at most these projects (e-cobalt aside) as currently primarily nickel projects. The Nickel component cannot be ignored. (In the case of $ARL.AX until a high grade cobalt zone is defined).The current low Nickel prices makes these projects unfeasible. But if cobalt grades are good enough, and even more so if Cobalt prices go through the roof, that changes a lot, and or ditto if Nickel prices rise substantially. Currently the sentiment surrounding cobalt is driving the prices and ARL.AX presentation has focused on cobalt pushing nickel aside....hence the warning be careful and take some profits... #newbies #mbgtrends
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@FundamentalAnalysis @PamplonaTrader No probs, from an arb perspective it looks good. It ipo'd close to $0 valuation which is ridiculous. But its also good to consider and this is more for #newbies who may not be running their own calculations "whether everything else is overvalued?" $arl.ax
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@FundamentalAnalysis @Excelsior I met the CFO of this company, who was quite clueless when I asked about reserves/resources and ability to replace etc he mentioned details all on the website. I asked obviously as that's what ultimately determines how cheap the company is and the future value left in the company/projects, this was end of last year. I asked him about the team and how they will go about replacing what they've mined, because they look for essentially companies in trouble/distressed and buy the projects of them for cheap. He couldn't provide an answer lol, he said others deal with all that stuff. It makes sense he is distant becase The CFO was telling me he works from home in the UK, and they have a weekly call etc they have no real head office although its centred in toronto... their aim is to keeping paying shareholders and if they can't replace resources/reserves they will dissolve company and give back all remaining funds. They have a counter cyclical business model, a good market is going to be tough for them to be able to find new projects to acquire. #newbies $mnd.to
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@FundamentalAnalysis @MiningBookGuy Please could I have your expert opinion in regards to Gold mining in Mali. I still hold a couple of companies in that jurisdiction who trade at very low valuations. Why does Mali cause companies to trade at such a discount? Is it really that risky? I understand govt typically takes a free carry so you have to adjust NPV's but still....has there been nationalisation issues in the past? #newbies #mbgtrends
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@BS $ooo market cap roughly 40% of $au mc. Shows how irrational markets get based on stories. Sometimes it's good to check your portfolio and compare the market caps of all your holdings to see if they make sense relative to each other. #newbies Otis has a resource that is drilled out and was just endorsed by one of the smartest large gold focused company out there, $aem while Aurion just has grab samples and still needs to start drilling. I hope AU succeeds, but current valuation relative to OOO (based on work done so far) seems a bit silly.
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@TheNextBigRush Had A LOT of fun with @MiningBookGuy and @Jayfire a couple of months ago talking about $NRN, here it is, ladies (I can't be the only one here) and gents: https://youtu.be/XJH5PHW4pxQ+ [BEWARE of religion in mining stocks] #newbies #notnewbies #everyone #exploration #retirementticket :)
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@Jayfire @TheNextBigRush thanks Fabi, that was one of our most enjoyable conversation pieces. :) The Northern Shield story is definitely NOT over by any means, but nonetheless, this segment should provide a useful reminder of what can happen when we bet on early stage "lottery tickets" that also have a lot of hype surrounding it... Especially worth a listen for #newbies. No matter how tempting and appealing a project is, we ALWAYS have to remember to hedge our bets and be cognizant of our downside risks if the drill misses. @MiningBookGuy makes great points here when he compares a hype story like Northern Shield to a less followed story like Mundoro Capital and the corresponding market reaction.
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@Jayfire @TheNextBigRush thanks Fabi, that was one of our most enjoyable conversation pieces. :) The Northern Shield story is definitely NOT over by any means, but nonetheless, this segment should provide a useful reminder of what can happen when we bet on early stage "lottery tickets" that also have a lot of hype surrounding it... Especially worth a listen for #newbies. No matter how tempting and appealing a project is, we ALWAYS have to remember to hedge our bets and be cognizant of our downside risks if the drill misses. @MiningBookGuy makes great points here when he compares a hype story like Northern Shield to a less followed story like Mundoro Capital and the corresponding market reaction.
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@MiningBookGuy #1 #Mali — First Off - *NOTE - I am posting this in #newbies because @FundamentalAnalysis tagged it. But please keep in mind #Mali is a ‘risky’ jurisdiction no matter how great I make it sound, and think of everything below as a good place to start your own research/ Do Your Own Due Diligence #DYODD ). With that out of the way, this is my attempt at a comprehensive response to @FundamentalAnalysis. There’s always more to say, and I’m not a ‘true’ expert on this…but this is my take on #Mali: -I believe #Mali #gold companies don’t trade at any more of a discount than other #WestAfrica gold companies right now. They absolutely did trade at a relative discount at the height of Mali-focused terrorist attacks back in 2011-2012. -Importantly, even during these attacks, I don’t believe a single mining property was at risk. Yes, there was always a chance the government could have been overthrown, or the country divided in But we never got to that point, and arguably #Mali was always ‘stable’ as a mining jurisdiction. -I do not know of any nationalization issues in #Mali. The biggest risk I currently see is that the government has been on a tax grab…I have no idea if the #Mali govt or $RRS.L Randgold is more at fault for the tax dispute. Here is a link I posted back in October with that news: http://seekingalpha.com/news/3216951-randgold-pay-25m-towards-settling-mali-tax-dispute I would be concerned if we see more of that. Actually, I’m going to split this into 2 posts. Post #2 coming up in ~15 minutes... #mbgtrends
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from ~aufrica,
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@MiningBookGuy #2 #Mali - *Note - I may have made mistakes here. #DYODD @FundamentalAnalysis - so you didn’t ask about specific companies. But it fits my agenda of promoting $DAU right now. And @Excelsior posted a few good ones already. I think it’s worth quickly exploring the landscape. I’m finding a lot of positive momentum in #Mali #gold right now. Some reasons and a company list to follow: I think comparing #Mali to #BurkinaFaso as #gold focused jurisdictions in #WestAfrica is a great starting point. They are both ‘maturing’ (with #Mali more mature than #BurkinaFaso). They both depend heavily on #gold. They arguably have the 2 best #gold mines anywhere in the world in #development right now (these are #Fekola for $BTO in #Mali, and #Natougou for $SMF in #BurkinaFaso). I say they are the ‘best’ when you combine how high-margin they are expected to be, with size. But this point is key - #Mali is a land of elephants, and #BurkinaFaso not as much. #Natougou is going to be one of the larger Burkina mines looking at ~200k oz/year production. #Fekola is already quite big at ~350k oz/year expected production…but it already seems like this can increase, AND there are plenty of mines already around this level (or at least closer to this than most of what we find in Burkina). I think the Senegal Mali Fault Zone ( #SMFZ ) is key. So many huge mines there…including #Fekola which is the newest. I really like #BurkinaFaso as a jurisdiction. But there is no trend in Burkina that rivals the #SMFZ in #Mali. Also keep in mind this is as far away as you can get from any possible #Mali terrorist activities…in #BurkinaFaso, i put mines in the ‘northern’ part of the country at generally higher risk than those in the South (though to be fair I don’t think #Essakane for #IMG has had any problems despite bordering #Niger) Anyway, LOTS of interesting comparison. But I will keep hitting home that #SMFZ is special, and I’m going to briefly go through a company list taking note of this (*Note - this might not be an exhaustive list. but it’s a great start for looking at #Mali #gold companies #newbies ): #Producers $BTO - IMO, #Fekola best #development project in the world for this diversified mid-tier. This WILL bring more attention to #Mali as it approaches production. on #SMFZ $RRS.L #Randgold - #Mali is their bread-and-butter, where it all started. If there’s one company to research the history of for #Mali historical success, it’s $RRS.L. Some great mines on #SMFZ #AngloGold Ashanti - a big one, a project with $IMG on #SMFZ $IMG Iamgold - not only a project with #Anglogold. But they just fully acquired $MXI, possibly creating a new disctrict combined with their #Senegal #Boto project on the Senegal side of #SMFZ. this is all near #Fekola, which is interesting $ACA.L - they have just entered #Mali recently for early-exploration, on #SMFZ! Important to show that large developers like $ACA.L and $IMG still looking early-stage $EDV - Tabakoto/Segala production close to $RRS.L on #SMFZ #RSG.AX - huge #Syama mine NOT on #SMFZ, showing there’s a lot of potential in other parts of #Mali as well ( $RRS.L also has #Morila which is near the end of its life in a different part of the country) #Developers These are standalone #developers. It’s exciting that 2 of them are gaining a lot of positive momentum *Note - none of these are on #SMFZ, that i’m aware of $HUM.L - #Yanfolila project. I questioned this one for a while after some hiccups. LOTS of positive momentum right now, gaining attention. $AVK - this is ready to be developed or acquired. Not sure what the hold up is. But also positive stuff going on…we’ll see what happens next! $AGG - smaller project. Not sure what’s going on. but could be built soon $BGS.AX - the development project is lithium. Has gotten a lot of hype, so it’s worth noting. They have an earlier stage #gold project near #Morila. i think at least one more? can’t remember right now. but there’s significant activity with these. #Explorers $MXI - worth noting again since it was just acquired by $IMG, with project on #SMFZ $AGZ - they are earning-into $ALO.L property on #SMFZ. Seems prospective. But I would like them better if it was the other way around. $ALO.L - definitely some interesting properties on #SMFZ. But their focus is in #Zambia. Not helping that it’s AIM listed. $LGN - this one looked interesting to me for a while…but seems like a #zombie right now…maybe will come to life again $GBE - this is a new one, could be interesting. But I think $BGS.AX used to own their properties (this is all around #Morila). I don’t trust the prospectivity yet. $KOD.L - i consider this a shady little company (i owned the prior ASX one). it does lithium and gold. definitely worth following and it’s made some people a lot of money. but watch out, and listed on AIM $OKU.AX - i really like what these guys are doing! i think it’s the best potential #Mali #gold #exploration right now. Problem? too expensive for me, just too much of a premium for the the last 1-2 years. And of course to end… $DAU. i have given many reasons I really like it, especially at current valuation. But very key to all of this is 2 properties really well situated on/near #SMFZ. I don’t think any of these other explorers are looking to get 3 JVs soon and are so well situated ( $OKU.AX the closest, but drilling on their own). Anyway, there’s LOTS of activity going on n #Mali! I could have easily missed some companies, but this is a good way to start. Happy Hunting! #DYODD #mbgtrends
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@MadeOfRubber @Goldfinger The 'asset markets as banks' article was a great read, especially for some of us #newbies who don't have a lot of investing history and experience behind us, thx for posting
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@FundamentalAnalysis @bullmarketmove Unfortunately I don't place much value to Odey's name on a gold stock. I've discovered that a lot of these funds, and I've caught Odey doing the same is that they don't always bother breaking down the technical reports before investing. The only participants I trust are debt providers and royalty companies/streamers. They have to break things down to first principles. Equity investors can just get away with buying at a low price and selling higher. Debt providers and royalty/streamers get paid back from actual cash flow so they have to do more thorough due diligence. #newbies
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@Vaughan @FUNDAMENTALANALYSIs , great nugget to be tagged to #newbies right there. And i totally agree with you, royalty/streamers make their money off of actual production. Just want to give a shout out to my man @highheat who, during the december dip, built a large position in $hum.l. Good call, probably should have followed you in it.
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@FundamentalAnalysis @jayfire you convinced me to buy a little of Birimian my first lithium stock $bgs.ax :) I do have my own concerns about the sector 1) the viability of many of the lithium companies out there, 2) prospects of demand being a lot less then expected, 3)Ability of the big lithium producers to ramp up production and fill a suprisingly large % of the demand increase and for the advanced developers to fill any remaining gaps, 4) The level of PR the lithium sector has been given which is skewed positively and thus biased, BUT I made a sentiment related bet which is.....sentiment in lithium will remain reasonably positive (as long as sentiment in clean energy remains as such) - an on that basis after going through the entire TSX/TSX-V (past 3 days) and looking at every lithium exploration company listed in Canada ....Birimian remains undervalued as an explorer and I'm seeing it as more of a potential Arb play going forwards. The fact it received an offer was also a good sign to me....and that is hidden value in my opinion.
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@FundamentalAnalysis @Jayfire #mbgtrends #newbies good points there in regards to the potential questionable ability to ramp up capacity in a timely manner, but an even better point about not overthinking things (my biggest downwall)......sometimes its best to just get into things where sentiment is low but where there is a catalyst for change and leave it as that....and yes $bgs.ax is cheap as chips.
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@MiningBookGuy @Goldenboy - i shouldn't be given people these ideas...but there are sometimes good reasons to go anonymous. if you log out and log back in, your dot color will change each time. this is how you would do it if you really want to look like multiple people. but when your name changes...but the dot color stays the same AND the @ symbol is missing (thanks @miningCatalyst!), it's a dead giveaway. #newbies lesson
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anonymous All users should be aware that admin sees all. Dot color change does not change your log in info, ip address, etc. Bring attention to yourself through sketchy beahviour, get flagged for breaking #houserules, the admins will follow up. It's a privilege to post, not a right. #newbies @MiningBookGuy
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@FundamentalAnalysis @wannabeinvestor its actually very worrying, some algos/robots must be doing this. Keith was talking about how he sees this regularly on some interview, bizarre late market behaviours. Worrying because it shows something isn't quite right with the markets in general. On brexit day, I was trying to buy when companies were crashing 30-60% in one day, it just wasn't allowing me to purchase as if broker couldn't place orders due to volatility, and/or computers trading between each other or something. #newbies
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from #tgz,
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@FundamentalAnalysis @wannabeinvestor I think its a one off at the moment. But if we do end up with some type of Jim rickards style liquidity crisis there is a concern. In the UK....open ended commercial property funds actually suspended redemptions shortly after brexit as people starting pulling out due to panic. The funds clamped down redemptions and charged massive fees for taking money out. That's all passed now...everything is normal, but I'm fully aware of what could go wrong when there is a liquidity crisis that goes beyond few days. Gotta have some physical gold/silver :) the things Jim Rickards talks about doesn't happen often but its absolutely can happen, and I saw a glimpse of it for a few days. If something happened on a worldwide scale, prepare for something more drawn out. Markets are definitely unstable....bizarre movements despite being in a period of whats called low volatility. #newbies Smart move @miningbookguy holding tiny companies that could be a safe haven lol
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from #tgz,