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Completed my positions in Pure Gold Mining PureGold Mining (LRTNF) (PGM.V) (PUR.L) is developing a large Gold mine at Red Lake, Ontario, slated for first production in December. This is a huge (~2.1 mil oz) & very high grade (8.9 g/t) gold asset. This property had been previously abandoned after producing 2.6 mil oz. Financing has been secured. The Red Lake mining area is prolific. It’s where Rob McEwen struck it rich for Goldcorp. Rob is a major investor in Pure Gold, and so is Eric Sprott. The non-exec Chairman is Graeme Currie, who I worked with many years ago… Read more »
baz is asking if he can do edits, but everybody can edit their comment.
At the end of the line in every posted comment is a settings icon. Click on that and the word ‘edit’ comes up. Click on that and your comment is in edit more. Make your change and click ‘post’ or ‘save’ and the corrected version is posted.
If there is a problem with this feature, please let me know.
Unfortunately , Kaimu, it’s gonna take another global war for these snowflakes and everything is free soft skinned revolutionary wanna be’s to get their head outta and kiss the ground , where so much blood was shed for them, they stand on.
kaimu
August 13, 2020 9:30 am
Aloha! Lol! Well if you bought NVAX at $117 during pre-market today you’re already up 8% at the opening bell! Besides you’ll be getting two shots each year! The one NVAX already has NanoFlu for influenza and the new NVAX Covid shot! Which daughter did Putin test his new vaccine on? He has 20 if you count his mistresses and hookers! Probably 200 if you count the new Russian MeThree movement! I mean hey … that’s how the KGB rolls! All joking aside … seriously … why do we give communists and the KGB and PLA owners such credibility? Why… Read more »
kaimu
August 13, 2020 7:28 am
Aloha! So strange … in after hours NVAX tested $117 again. It bounced off $117.11 and went to $121 just like it did yesterday! At $121.70 right now it is down 2% from yesterday’s close. Like I said before I don’t know of any negative news that would cause a 30% drop in two days other than plain old profit taking. Just remember for every seller there is a buyer!
Bert
August 13, 2020 7:12 am
There Are Now Less Than 3,000 US Listed Companies And Over 7,000 Global ETFs Michael Burry said, “Like most bubbles, the longer it goes on, the worse the crash will be. This is very much like the bubble in synthetic asset-backed CDOs before the Great Financial Crisis in that price-setting in that market was not done by fundamental security-level analysis, but by massive capital flows based on Nobel-approved models of risk that proved to be untrue.” https://www.zerohedge.com/markets/etfs-are-now-stock-market#comment_stream
baz22
August 12, 2020 9:36 pm
Bill… I really need the ‘ edit ‘ feature.. any chance ?
baz, I think every participant has the facility to edit their own comment
baz22
August 12, 2020 9:34 pm
I will say I believe in Crispr and it’s promise, along with it’s related Base and Prime efiting.. I also personally believe in the future of hydrogen fuel cell technology… it makes sense .. fast ‘ fill ups ‘ , long range, clean and powerful…. The fuell cell can be recycled… Musk taunts it as ‘ fool cell ‘ , but it will be a competition soon… I do own Ballard Power, BLDP.
baz22
August 12, 2020 7:20 pm
Sadly the Biotech industry has become saturated with deceit, algorithm trading and fake news.. only a few are worth investment.. when helping Billl on the list of 25, I said I would only consider investing in maybe 10 and would need to see a 30% correction to get serious with the rest … It may take just that.
Baz, it’s always about the money. Recently we saw the most blatant misrepresentations possible from the Cannabis industry, and Financial TV, bankers, lawyers and accountants went along with it — all of them for the money. Next were the Biotech companies and the usual sycophants went along with it for whatever money they could carve out for themselves. At least in this case, there are some worthy Biotechs. Lately, it’s the mining prospectors. The stories some of them are telling in their mind-blowing videos and graphical presentations could be criminal. An MD&A today from a microcap miner puts a Trump… Read more »
By the EOD, Gold/Silverminers were unimpressive Because of the HBM, the two Goldminers I bought yesterday, and my remaining Oiler, which is BTE, I had a very good day. But to my point: the rest of my Gold/Silverminers were basically flat on the day. It’s my experience that stocks that are rolling when the driver is trying to lift them, as happened in the morning, there is a problem with big sellers in the market. In other words, be wary of drifting stocks. Looks to me that the GSM prices have to drop a bit to find new buyers. Anyway,… Read more »
Fantastic run! I don’t trade options very often but just sold my Sep. calls for gain of 457% – as Steve Miller would say “go on take the money and run”. I still have plenty regular shares that I am holding onto.
Gold bounced right off the bullish support line but waiting to see how some of the stocks trade towards the close.
kaimu
August 12, 2020 11:26 am
Aloha! Okay SAVA is up 35% today on good results from the SavaDX data and their Phase 2b results coming in Sept … yada yada … LINK: https://www.cassavasciences.com/node/14851/pdf Looking at financials net loss same as 2019 at $1.1mil. Then they project another $5mil burn for 2020 with over $25mil cash on hand. If they get out of line and want to dilute more then I can drive over to Austin and give the CEO a proper thumping! This was one I missed a bad news day and ended up doubling down and now we have another profit. I mean Alzheimers… Read more »
Pierre
August 12, 2020 10:52 am
Looking at precious metal royalty names: FNV, WPM, OS.TO (Toronto). Did I miss other names.
Maverix Metals is a small but well-managed owner-operated precious metals company with 100+ royalties, streams, & other interests in North and South America, Australia, and internationally
eia crude report ” crude oil inventories . . decreased by 4.5 million barrels from the previous week. At 514.1 million barrels, U.S. crude oil inventories are about 15% above the five year average for this time of year. Total motor gasoline inventories decreased by 0.7 million barrels last week and are about 8% above the five year average . .”
Aloha! Ha! Okay is this 2001? Now NVAX is at the same bottom $117 in 2001 before it went to $282 four months later! Yesterday there were some 2.5mil block shares sold and so far this morning two one at 2.5mil again and another 2.6mil on volume of 6mil so far. If I wanted to buy more NVAX I would do it here at the same $117 level.
Yesterday afternoon, after I watched the Silver future downtrend get broken as prices firmed a bit, I added a bit to a couple of Gold/Silverminers that had dropped substantially in price.
This morning, the Silver chart is still showing me weakness.
Unless there is some agreement in Washington for a large stimulus bill, I think the PM stocks will remain unstable. I need to see a sustainable uptrend before I use substantial cash holdings.
The early morning gains in pre-market trading of the Precious Metal are very large. But I will wait until later in the morning to determine if this is merely a hook by the big money traders to sell into.
London today had a very big open in the PM stocks and then (currently) sold off the remainder of the day. See the charts of Fresnillo and Hochschild for examples
I’m patient.
kaimu
August 12, 2020 4:59 am
Aloha! These are the brokers I have used in the past. In the 1990s I was at Morgan Stanley and paid like $125 trade fee(comm) per trade. My Father was at Merrill Lynch and Morgan and back in the 70s it was standard to pay hundreds of dollars per trade! Left the big banks and went to ETrade and then in 2007 or 8 or so went to Interactive Brokers. If you’re trading on foreign exchanges nothing better than IB! At one time I was even on Hang Seng … now I am mostly US(NYSE, NASDAQ and AMEX) and TSX,… Read more »
Agreed. I have used IB for many years, and always been happy. In recent months, their support staff has been stressed however, so getting somebody to answer the phone quickly should not be expected.
Commission costs on penny stocks in Australia can be huge, so be aware of that. Otherwise, the platform is exceptional.
baz22
August 12, 2020 12:08 am
Kaimu … I tried to buy WOA two months ago, but couldn’t… Does it have a Canadian listing ( a reverse merger such as Charlottes Web ) …
Aloha! bazz I trade it on Interactive Brokers under the code WOA(ASX) and it has a listing on Frankfurt(2WO.F), but I never trade German exchanges. As far as I know there is no Canadian listing.
The thing is a lot of mining companies have a listing in Frankfurt, but I always thought that it was too limited to trade. Seems market makers are shady. I never liked using ADRs! I try to trade at the exchange in the country where the company is based.
kaimu
August 11, 2020 10:24 pm
Aloha! Okay WOA is now partnered with SpaceX and is going into orbit, now up over 40% to $0.90AUD! That’s a 240% net gain in the KRP!
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Completed my positions in Pure Gold Mining PureGold Mining (LRTNF) (PGM.V) (PUR.L) is developing a large Gold mine at Red Lake, Ontario, slated for first production in December. This is a huge (~2.1 mil oz) & very high grade (8.9 g/t) gold asset. This property had been previously abandoned after producing 2.6 mil oz. Financing has been secured. The Red Lake mining area is prolific. It’s where Rob McEwen struck it rich for Goldcorp. Rob is a major investor in Pure Gold, and so is Eric Sprott. The non-exec Chairman is Graeme Currie, who I worked with many years ago… Read more »
Facility to edit comments
baz is asking if he can do edits, but everybody can edit their comment.
At the end of the line in every posted comment is a settings icon. Click on that and the word ‘edit’ comes up. Click on that and your comment is in edit more. Make your change and click ‘post’ or ‘save’ and the corrected version is posted.
If there is a problem with this feature, please let me know.
maverix metals, Bill mentioned yesterday, poted earnings:
https://finance.yahoo.com/news/maverix-metals-announces-record-revenue-110000659.html
https://finviz.com/quote.ashx?t=mmx&ty=c&ta=1&p=d
Unfortunately , Kaimu, it’s gonna take another global war for these snowflakes and everything is free soft skinned revolutionary wanna be’s to get their head outta and kiss the ground , where so much blood was shed for them, they stand on.
Aloha! Lol! Well if you bought NVAX at $117 during pre-market today you’re already up 8% at the opening bell! Besides you’ll be getting two shots each year! The one NVAX already has NanoFlu for influenza and the new NVAX Covid shot! Which daughter did Putin test his new vaccine on? He has 20 if you count his mistresses and hookers! Probably 200 if you count the new Russian MeThree movement! I mean hey … that’s how the KGB rolls! All joking aside … seriously … why do we give communists and the KGB and PLA owners such credibility? Why… Read more »
Aloha! So strange … in after hours NVAX tested $117 again. It bounced off $117.11 and went to $121 just like it did yesterday! At $121.70 right now it is down 2% from yesterday’s close. Like I said before I don’t know of any negative news that would cause a 30% drop in two days other than plain old profit taking. Just remember for every seller there is a buyer!
There Are Now Less Than 3,000 US Listed Companies And Over 7,000 Global ETFs Michael Burry said, “Like most bubbles, the longer it goes on, the worse the crash will be. This is very much like the bubble in synthetic asset-backed CDOs before the Great Financial Crisis in that price-setting in that market was not done by fundamental security-level analysis, but by massive capital flows based on Nobel-approved models of risk that proved to be untrue.” https://www.zerohedge.com/markets/etfs-are-now-stock-market#comment_stream
Bill… I really need the ‘ edit ‘ feature.. any chance ?
baz, I think every participant has the facility to edit their own comment
I will say I believe in Crispr and it’s promise, along with it’s related Base and Prime efiting.. I also personally believe in the future of hydrogen fuel cell technology… it makes sense .. fast ‘ fill ups ‘ , long range, clean and powerful…. The fuell cell can be recycled… Musk taunts it as ‘ fool cell ‘ , but it will be a competition soon… I do own Ballard Power, BLDP.
Sadly the Biotech industry has become saturated with deceit, algorithm trading and fake news.. only a few are worth investment.. when helping Billl on the list of 25, I said I would only consider investing in maybe 10 and would need to see a 30% correction to get serious with the rest … It may take just that.
Baz, it’s always about the money. Recently we saw the most blatant misrepresentations possible from the Cannabis industry, and Financial TV, bankers, lawyers and accountants went along with it — all of them for the money. Next were the Biotech companies and the usual sycophants went along with it for whatever money they could carve out for themselves. At least in this case, there are some worthy Biotechs. Lately, it’s the mining prospectors. The stories some of them are telling in their mind-blowing videos and graphical presentations could be criminal. An MD&A today from a microcap miner puts a Trump… Read more »
By the EOD, Gold/Silverminers were unimpressive Because of the HBM, the two Goldminers I bought yesterday, and my remaining Oiler, which is BTE, I had a very good day. But to my point: the rest of my Gold/Silverminers were basically flat on the day. It’s my experience that stocks that are rolling when the driver is trying to lift them, as happened in the morning, there is a problem with big sellers in the market. In other words, be wary of drifting stocks. Looks to me that the GSM prices have to drop a bit to find new buyers. Anyway,… Read more »
HudBay earnings call presentation and call transcript
HBM is now up over +16%. Clients are happy.
https://seekingalpha.com/article/4368056-hudbay-minerals-inc-2020-q2-results-earnings-call-presentation
https://seekingalpha.com/article/4368055-hudbay-minerals-inc-hbm-ceo-peter-kukielski-on-q2-2020-results-earnings-call-transcript
added to concho resources ‘cxo’ at day’s high, thought i broke that habit 🙁
enterprise products partners $18.47 “core mlp” says rbc. +9% divi
https://finviz.com/quote.ashx?t=EPD&ty=c&ta=1&p=d
HudBay is lights out this morning
Copperminer HBM is by far my biggest individually weighted holding, and the stock is up about +14% so this is a high-performance day for me.
Fantastic run! I don’t trade options very often but just sold my Sep. calls for gain of 457% – as Steve Miller would say “go on take the money and run”. I still have plenty regular shares that I am holding onto.
Gold bounced right off the bullish support line but waiting to see how some of the stocks trade towards the close.
Aloha! Okay SAVA is up 35% today on good results from the SavaDX data and their Phase 2b results coming in Sept … yada yada … LINK: https://www.cassavasciences.com/node/14851/pdf Looking at financials net loss same as 2019 at $1.1mil. Then they project another $5mil burn for 2020 with over $25mil cash on hand. If they get out of line and want to dilute more then I can drive over to Austin and give the CEO a proper thumping! This was one I missed a bad news day and ended up doubling down and now we have another profit. I mean Alzheimers… Read more »
Looking at precious metal royalty names: FNV, WPM, OS.TO (Toronto). Did I miss other names.
Thank you!
Interesting article cab be found here https://seekingalpha.com/article/4335569-precious-metals-royalty-and-streaming-companies-march-report
MMX (TSX and NY)
Maverix Metals is a small but well-managed owner-operated precious metals company with 100+ royalties, streams, & other interests in North and South America, Australia, and internationally
I know of these: SAND, OR, ELYGF
rgld perhaps “ focuses on acquiring stream and royalty interests ”
https://finviz.com/quote.ashx?t=RGLD
eia crude report ” crude oil inventories . . decreased by 4.5 million barrels from the previous week. At 514.1 million barrels, U.S. crude oil inventories are about 15% above the five year average for this time of year. Total motor gasoline inventories decreased by 0.7 million barrels last week and are about 8% above the five year average . .”
http://ir.eia.gov/wpsr/wpsrsummary.pdf
Aloha! Ha! Okay is this 2001? Now NVAX is at the same bottom $117 in 2001 before it went to $282 four months later! Yesterday there were some 2.5mil block shares sold and so far this morning two one at 2.5mil again and another 2.6mil on volume of 6mil so far. If I wanted to buy more NVAX I would do it here at the same $117 level.
gm. montage resources down premarket
https://finance.yahoo.com/news/southwestern-energy-announces-agreement-acquire-110000436.html
Investors like the Hudbay report
Seeking Alpha reported on HBM, one of my largest holdings:
Pre-marget trading in HBM is exceptionally strong.
Silver is stronger but not strong enough
Yesterday afternoon, after I watched the Silver future downtrend get broken as prices firmed a bit, I added a bit to a couple of Gold/Silverminers that had dropped substantially in price.
This morning, the Silver chart is still showing me weakness.
Unless there is some agreement in Washington for a large stimulus bill, I think the PM stocks will remain unstable. I need to see a sustainable uptrend before I use substantial cash holdings.
Not yet convinced that PM should be bought
The early morning gains in pre-market trading of the Precious Metal are very large. But I will wait until later in the morning to determine if this is merely a hook by the big money traders to sell into.
London today had a very big open in the PM stocks and then (currently) sold off the remainder of the day. See the charts of Fresnillo and Hochschild for examples
I’m patient.
Aloha! These are the brokers I have used in the past. In the 1990s I was at Morgan Stanley and paid like $125 trade fee(comm) per trade. My Father was at Merrill Lynch and Morgan and back in the 70s it was standard to pay hundreds of dollars per trade! Left the big banks and went to ETrade and then in 2007 or 8 or so went to Interactive Brokers. If you’re trading on foreign exchanges nothing better than IB! At one time I was even on Hang Seng … now I am mostly US(NYSE, NASDAQ and AMEX) and TSX,… Read more »
Agreed. I have used IB for many years, and always been happy. In recent months, their support staff has been stressed however, so getting somebody to answer the phone quickly should not be expected.
Commission costs on penny stocks in Australia can be huge, so be aware of that. Otherwise, the platform is exceptional.
Kaimu … I tried to buy WOA two months ago, but couldn’t… Does it have a Canadian listing ( a reverse merger such as Charlottes Web ) …
Aloha! bazz I trade it on Interactive Brokers under the code WOA(ASX) and it has a listing on Frankfurt(2WO.F), but I never trade German exchanges. As far as I know there is no Canadian listing.
The thing is a lot of mining companies have a listing in Frankfurt, but I always thought that it was too limited to trade. Seems market makers are shady. I never liked using ADRs! I try to trade at the exchange in the country where the company is based.
Aloha! Okay WOA is now partnered with SpaceX and is going into orbit, now up over 40% to $0.90AUD! That’s a 240% net gain in the KRP!