David Finch
@DavidFi_
"Wealth consists not in having great possessions, but in having few wants"
Thought for the day: "In a market where the marginal buyer is an idiot it doesn't pay to be too smart"
Re the $NGEX royalty spinout, these things tend to do quite well. Here's Vizsla Royalties $VROY vs silver and $SILJ since the spin.
Interesting that the de-escalation narrative that has hammered oil has not taken down gold. Maybe because the new defense spending impetus in the US and Europe means that any pretense of controlling deficits goes out the window.
23rd Feb Equinox $EQX announced its 'combination' with Calibre. The deal completed on Friday. How's it going for shareholders so far? (in USD) EQX -8.65% CXB +0.6% vs GDX +29.9% GLD +14.6%
GDX underlying index changes for next Friday announced. Also the changes for the new index that the GDX will track from September. DSV and Orla a bit of a surprise given control block issues.
Here’s a thought for juniors - build the mine! So many companies base their strategy on building ounces. After all it worked for Great Bear. That was the worst thing that ever happened to the junior sector because it comforted geologist CEOs in the illusion that if we find ounces…
Is that an expropriation? Sounds a bit like it.
A Malian judge is expected to order on Thursday the reopening of Barrick Mining's Loulo-Gounkoto gold mine under new management at the request of Mali's government, Reuters reports. mining.com/web/mali-judge…
No more shitty four month hold paper. "Listed issuers can now raise the greater of $25 million and 20 per cent of the aggregate market value of their listed securities to a maximum of $50 million in a 12-month period, subject to certain conditions, including that the…
Is the low price environment in smelting, driven by China capacity growth, part of a plan to force Western capacity out of the market? He who controls the smelters controls the copper...
Copper and zinc smelters face an unprecedented margin squeeze that's prompting Glencore and Trafigura to consider throwing in the towel, writes @mburtonmetals trib.al/mW3lY62
Nostalgic for old time mining? Is the Health and Safety Officer your sworn enemy? This one is for you: youtube.com/shorts/9De8jkj… via @YouTube
How times have changed. Can 1.1g underground sulfides really be profitable, even at gold 3000?
❗ Note by DrillAlert 🇦🇺 Gold Road Resources discovered high-grade gold mineralization at depth in the Gruyere underground drilling program, with assays including 1.10 g/t Au over 119 meters. This confirms potential for profitable underground mining at Gruyere. $GOR.AX
Copper vs COPX 6months rebased to zero. It’s the GDX vs gold all over again. Market really hates miners!
$BRX listed in Oz - a rank outsider in the find the next-Filo/NGEX race was halted on Friday. Their first hole was a 1km duster. They are probably 500m into the second hole and l guess they have seen something significant enough to halt the stock.
GDX ETF shares on issue 5yr chart- some kind of indicator for generalist institutional interest in the sector:
Aya Gold and Silver $AYA.cn Board of Directors Chairman: Robert Taub - An entrepreneur in the Life Sciences field CEO: Benoit La Salle - Accountant Directors Jurgen Hambrecht - Industrial Chemistry - former CEO of BASF Yves Grou - Accountant Ghislane Guedira Bennouna - Finance…
*RIO TINTO, GLENCORE ARE SAID TO DISCUSS POTENTIAL COMBINATION” That will be an interesting mix of cultures.