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Everything posted by frizzers
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First Mining Finance Corp / FF.t
frizzers replied to frizzers's topic in Gold, FX, Stocks / Diaries & Blogs
Here's an interview with Keith about the IPO: http://commoditywatch.podbean.com/e/keith-neumeyer-first-mining-finance/ http://www.podbean.com/site/UserDownload/index/bid/2516/url/http%253A%252F%252Fcommoditywatch.podbean.com%252Fmf%252Fweb%252Ff4ucxq%252FKeithNeumeyerFirstMiningFinance.mp3 -
First Mining Finance Corp / FF.t There's a new IPO coming to Canada in the totally bombed out sector that is junior mining. UPDATED CHARTS TLG vs. FF, OIII, ATC etc ... from 2.19.20: w/ATC 1yr: 6mo: 10d / LAST $0.98 / FF-0.405= R2.42X FF.t / First Mining Finance ... weekly : 2-yrs : 6-mos / 10-d Ratio: FF.t -to GDXJ ===== The man behind the deal is Keith Neumeyer. For those of you that don't know Keith, he built First Majestic Silver (TSX:FR) and took it from penny stock status to $25 a share (in the heady days of 2010-11) with a 3 billion plus dollar market cap. It is now one of North America's leading silver producers and even in today's beaten up silver market it remains profitable with a market cap of around C$900m and a share price of $7.50. Keith was previously behind First Quantum Minerals (TSX:FM), which followed a similarly enormous trajectory to become one of the world's biggest copper producers. His record in mining is pretty much second to none. Also involved are many of the other key personnel from First Majestic, such as Ramon Davila and Raul Diaz. The strategy of the company is, simply, to tap into their huge knowledge base and use it to acquire as many quality mining assets as possible (Americas only) while they are going for a song (we're currently seeing the lowest valuations in 20 years), spend as little as possible on them (watch them 'incubate' I believe is the word) and wait for the time that the mining capital markets stabilise at which point they hope to have a pucker portfolio of assets on their hands. Revenue will eventually come from re-sales, JVs, royalties and streaming structures. They already have 18 properties at various stages of development (gold, silver, copper, lead and zinc) and have raised C$2.7m. The company will IPO in Canada via an RTO next month and plans to raise another C$5-10m (at 50c) in the process. A C$10m raise would mean 80m shares outstanding an an approximate market cap of C$40m. Management will own about 10% and First Majestic shareholders 25-30%. The success of First Mining Finance depends on the metals markets, of course, but the ideal situation would be for them to remain depressed for another while so that assets can be picked up for zilch and for things to then pick up, as surely they one day will. I don't know what the market reaction to the stock will be, of course, but I suggest this is one to hold for three to five years. Anyway, if you are interested in finding out more or in taking part in the IPO, please let me know and I'll send over forms. If you want to speak to Keith, I'll try and arrange that too. frizzers at gmail dot com. (I'm investing fwiw) Here's the Powerpoint. ===== LINKS FF Website :: https://www.firstminingfinance.com/ Presentation, Nov.2017 :: https://www.firstminingfinance.com/_resources/Nov_2_Presentation.pdf
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An interesting table identifies targets for major bear market lows. We never got there ... From the Atlas Pulse newsletter (very good NL by the way).
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Gold price manipulation? http://commoditywatch.podbean.com/2014/02/05/dimitri-speck-gold-price-manipulation-and-the-gold-cartel/ Dimitri Speck Gold Price Manipulation And The Gold Cartel http://media67.podbean.com/pb/36c4fd934146e79114e9f006e278a90a/52f23fd2/data1/blogs1/2516/uploads/speck.mp3 In today's programme I talk to Dimitri Speck about gold price manipulation and his new book The Gold Cartel: Government Intervention In Gold, the Mega-Bubble in Paper, and What This Means For Your Future. Dimitri Speck is a commodity analyst and chief developer of trading strategies for asset manager Staedel Hanseatic, where he is responsible for the Stay-C commodity fund. Visit Dimitri's website, Seasonal Charts.
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No I do No I do it manually
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BONDS: Low coming in Q2 or Q3-2022?
frizzers replied to drbubb's topic in Gold, FX, Stocks / Diaries & Blogs
I think bonds could rally here. -
Buy signal on juniors is still intact. Just.
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UK House prices: News & Views
frizzers replied to G0ldfinger's topic in NEWS Commentary, 2021 & Beyond
Just my 2p, but you can't move in east or south London for cranes and new builds. There are new train lines and stations, all v. fast and v. expensive, all over, though the roads are awful and it is always gridlocked. Yet there is no beauty anywhere. There is not one building that in my view is attractive. All concrete and glass monstrosity. Unlike other parts of London - which were built by people for people. Wapping is nice. But elsewhere, ugh. One thing London ain't got - soul -
our friend the 144 dma is now resistance
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UK House prices: News & Views
frizzers replied to G0ldfinger's topic in NEWS Commentary, 2021 & Beyond
I wouldn't be surprised if Labour bring in a mansion tax for properties over 2 million pounds. This is n't a bracket that vote Labour and attacking the rich wins you votes. -
cgnao : From the bunker (2013): JGB Watch, etc
frizzers replied to cgnao's topic in Gold, FX, Stocks / Diaries & Blogs
I've been following the exact same thing : http://stockcharts.c...929&a=291639175 and here http://stockcharts.com/h-sc/ui?s=$GOLD:$XBP&p=D&yr=10&mn=6&dy=0&id=p18343206822&a=296069132 -
UK House prices: News & Views
frizzers replied to G0ldfinger's topic in NEWS Commentary, 2021 & Beyond
UK house prices in gold by region http://www.sharelynx.com/chartstemp/UKHousePrices01.php -
I agree - another few weeks in this range and the MAs will all be aligned.
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UK House prices: News & Views
frizzers replied to G0ldfinger's topic in NEWS Commentary, 2021 & Beyond
That place looks idyllic. (I love lakes) -
A well-worth-reading bearish case for gold.
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I looked at this very subject here - http://www.moneyweek.com/investments/precious-metals-and-gems/gold/chinese-demand-could-send-gold-price-soaring-61500
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I looked at this very subject here - http://www.moneyweek.com/investments/precious-metals-and-gems/gold/chinese-demand-could-send-gold-price-soaring-61500
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Dr Bubb, What do you make of this chart ? - http://stockcharts.com/h-sc/ui?s=$GOLD:$XBP&p=W&yr=14&mn=0&dy=0&id=p94301476933 Shades of 2006-7 ? Or the end of the bull market?
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UK House prices: News & Views
frizzers replied to G0ldfinger's topic in NEWS Commentary, 2021 & Beyond
Agree with Bubb's analysis on gold. 2.99% HSBC 5-year mortgage is very tempting however. However, you only have one life. If you would be happy in this larger home, then buy and enjoy it. Debt brings forward pleasure , gold postpones it, if you see what I mean. Buying a house is bloody expensive though ... I expect some incentives in the form o lower tax to kickstart the housing market before long ... -
Can you elaborate?
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I'm not convinced about using volume as a primary trading tool. I find too often it leads to the wrong decision being taken. Same goes for sentiment indicators. MAs - which Bubb introduced me too (thank you) - are by far and away the winner, as far as I'm concerned. Look how once again it's held at the 144. And I would say they are starting to shape up nicely. A few more weeks / months in this 1700 area and things will be looking very pretty. Sinclair's continued bullishness about gold may be well placed after all, wouldn't you say?
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That's the good thing about that buyer's fee. It stops you trading.
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This is worth a read ... How the PM blogosphere behaves like a cult I first started seriously browsing the PM blog sites at the end of 2010. I'd traded for years (stocks mostly), but was a relative newcomer to the world of investing in gold and silver. I was struck by the huge amount of apparently helpful online advice, charts, and discussion, all dedicated to gold and silver. I'd never had such a resource to draw from when trading the FTSE, so I became something of an avid reader of these sites. A whole new world was opened up to me: one of Turds and talking bears and Keisers and KWNs and Zero Hedges; not to mention Harvey's Organ [sic] and too many others to name. http://screwtapefiles.blogspot.com/2012/02/how-pm-blogosphere-behaves-like-cult.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ScrewtapeFiles+%28Screwtape+files%29