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@TheGalvanizer Watching a WoodMac webinar on #lead and the outlook for 2017 - will post some info later
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@MartinTurenne "The latest statistics published by the International Lead and Zinc Study Group (ILZSG) indicates that global refined zinc market was in deficit of 263,000 tons during the initial eleven-month period of 2016. The total reported zinc inventories declined by 72,000 tons during this period. Overall, the zinc mine output declined by 1.2% during the initial eleven-month period in 2016 when compared with the corresponding period last year. This is despite sharp increase in mine output by China." https://news.metal.com/newscontent/100720195/refined-zinc-metal-demand-increased-modestly-during-jan-nov-2016
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@TheGalvanizer As promised here is a link to the Wood Mac webinar on #lead https://primetime.bluejeans.com/a2m/events/playback/tWR76mFgnx36 and a pdf of the slides http://cdn.ceo.ca/1c81pe1-Lead_market_in_2017.pdf
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@tommy Spoke to fellow Galvanizer Max Porterfield this AM about his batch of disappointing results. FYI https://ceo.ca/@tommy?6e30fb27165c
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@MartinTurenne Scotia today " Interesting to note that canceled warrants for LME #lead has skyrocketed (up 94% overnight to 66kt and represents 34% of Total LME inventories). Lead now at $1.06/Ib is up 16% YTD in 2017 making it the best performer. Market participants are saying there is a trading house that has been securing a big position in lead."
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@Excelsior @Brandon - Agreed the ~Zinc panel is top notch, but there are often very good posts in the #Zinc room as not all contributors can post in the ~Zinc panel, and due to tagging there is different info just lands in the #Zinc room collectively. Also, many in the ~Zinc panel don't list #Zinc in their post so it doesn't show up in that room. #CheckEmBoth
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@Brandon So.... How does everyone feel about the Zinc One deal?
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@TheGalvanizer Biting tongue
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@Brandon "Combining Forrester's projects with Zinc One's strong corporate finance team along"... Right... Looks like a strong corporate finance team is worth a lot these days.
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@HRA-Coffin Who in their right effing mind would buy that $Z placement at 60 cents? Whomever they are I want their phone numbers!
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@Brandon The kind of people who can smell a FMT pump coming out the same day their shares go free trading.
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@HRA-Coffin Good point *puts hand up*
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@HRA-Coffin Oh look. It's an FMT pimp, I mean pump, on $Z. What were the odds?
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anonymous If Bongara is one of the top zinc deposits in the world (it wasn't 3 years ago when i looked at it - it isn't now and it wont be in the future even if zinc hit $5/lb) then mark the day Feb 2nd 2017 as the day that FMT jumped the shark. The industry should be cultivating investor confidence and the kind of mailout i saw today is nothing short of fleecing unwitting investors with absolute BS - a blight on a sector still recovering but meh so long as millenial media pumpers are making money right? right? $Z
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@ocotilloredux LOL. Had a look at Zinc One's (Rockridge Capital) 2015 MDA. Working capital deficit of $590,817, accumulated deficit of $21,761,894. Yep.... strong corporate finance team. I often wonder how much of the fund raising goes towards paying a bunch of mortgages in Vancouver and not into the drill bit. $Z
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@HRA-Coffin Bongara is a piece of crap. Useful if you want to keep the UV rays off your nose but for galvanizing? Not so much.
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@MartinTurenne Andy Home, an absolute beast on the state the lead market http://www.reuters.com/article/us-lead-market-ahome-idUSKBN15H26G
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@ocotilloredux Getting bored so I will have Module 11 out next week, Kazakhstan plus some orphans. #zinc
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@MartinTurenne Europe’s largest #zinc producer Nyrstar is considering restarting its idled and for sale British Columbia Myra Falls zinc-copper mine in light of improved market conditions, its CEO Hilmar Rode said in a call to analysts on Feb 9. Myra Falls in Canada is deemed a "high cost" operation by the company, and it was suspended in April 2015. https://www.metalbulletin.com/Article/3660597/base-metals/Nyrstar-mulls-Myra-Falls-zinc-mine-restart-on-favourable-conditions.html
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@TheGalvanizer ....In light of not finding a buyer
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@TheGalvanizer Traveling so missed the great Module 11 news!
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@Brandon China's 2016 #zinc conc deficit widens to 448,000 mt on environment monitoring https://goo.gl/kZ46NV (Hat tip to @DanO)
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@TheGalvanizer Chinese spot TC/RCs very indicative of that. Thanks @dano
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@PamplonaTrader I just noticed @DanO was not on the panel. Inviting now.
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@TheGalvanizer He isn't? Now that's a faux pas
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@TheGalvanizer Bad Galvanizer bad
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@Brandon At the very end of that GS interview he picks zinc as his favourite commodity for 2017.
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@TheGalvanizer Yup. They aggressive changed their 3 6 and 12 mo targets a couple of months back
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@DanO TY @PT. I'll repost this: China's 2016 #zinc conc deficit widens to 448,000 mt on environment monitoring https://goo.gl/kZ46NV
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@PamplonaTrader Happy to have you join the panel @DanO!
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@TheGalvanizer Yes @DanO it hadnt occurred to me you weren't part of this little zinc cabal
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@DanO No problem.TY.
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@DanO I am doing three or four different things right now and I am not @BenjaminCox so I'll have to leave this forum for now and get back to giving some info and a map to a co interested in some claims. But I am glad to have joined you. Cheers.
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@ocotilloredux I won't be there but do me a favour @TheGalvanizer. Have $TK introduce themselves to Votorantim. I also think $VTT should buy the South32 boys a lunch. Feel them out for custom milling. #zinc
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@TheGalvanizer Cmon now - Toronto in March @ocotilloredux you know those snowy sidewalks are calling your name. $Tk are just around the corner from us and is normally one of my first little forays away from my booth - i will definitely be having a chat as a happy shareholder amongst other reasons. As for us the lines of communication are very much open with S32 but dinner and a movie might make sense too!
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@Brandon "In cutting production in coal, copper & zinc, we've contributed to restoring balance in the supply fundamentals." - Ivan Glasenberg, CEO, Glencore. https://twitter.com/Glencore/status/831865663064993796/photo/1
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@Excelsior $HBM Hudbay not planning to process outside #zinc Jonathon Naylor / Flin Flon Reminder ~Zinc $FOM FEBRUARY 13, 2017 "Hudbay has no plans to process zinc from outside mines as part of a proposal to maintain its zinc plant after 777 mine closes, the company has confirmed. Last year, a Hudbay official raised the possibility of purchasing concentrate from other mines to supply post-777 feed to the Flin Flon metallurgical complex, which includes the zinc plant. Scott Brubacher, the company’s director of corporate communications, offered clarification last week, saying zinc importation is “not under consideration.” http://www.thereminder.ca/news/local-news/hudbay-not-planning-to-process-outside-zinc-1.9735638
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@PamplonaTrader Probably relevant to $FOM @Excelsior
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@Excelsior @PamplonaTrader - Agreed. It just seemed noteworthy to post their decision.
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@PamplonaTrader Can you kindly tag $FOM or repost to the $FOM channel? Good for posterity :)
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@PamplonaTrader Do you guys think this is relevant to $AQA as well?
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@Excelsior It's relevant to any company that was hoping to process concentrate at their plant. Of course, this wouldn't stop Hudbay from acquiring a smaller company and processing their ore once they are under their umbrella.
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@TheGalvanizer Agreed @Excelsior
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@DanO Trail #zinc output set to dip from record level in 2017: Teck https://goo.gl/Z4cvCS
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@CriticalInvestor Hudbay talk is all about playing down Callinex $CNX I guess?
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@ocotilloredux Callinex $CNX and $HBM have never gotten along in the past and I think it was due to bad blood going all the way back to the Trout Lake discovery days.
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@HRA-Coffin Mike suing, and winning, and getting a much bigger chunk of the 777 cash flow than Hudbay ever intended probably didn't endear them to the boys at HudBay either Octo... It's not really Mike's deal any more but I'm sure they are still bitching and moaning about it in the HudBay offices.
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@ocotilloredux Module 11 Zinc Mining in Kazakhstan. http://docdro.id/8qgXY1Z Not much excitement here, just a bunch of tired mines. #zinc
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