452 days ago
Writer Craig Hemke, founder of TF Metals Report, says he expected a macro dip in 2022 but anticipated a faster recovery to a higher level than what transpired. The Fed hiked more than most expected as inflation got ahead of it, and the extent of the damage remains unknown.
517 days ago
The legover reference is HERE. I am still very much under the weather with all the symptoms of covid. I am feeling a bit better but not well enough to do more than a few hours work today. Thanks to Steve for taking care of things. In the podcast I discuss Devro (DVO) – who said young Steve and I could not tip a waiter? Then FinnCap (FCAP) then finally the dire sentiment towards mining stocks. Is it really that bad out there?
616 days ago
If I have ever suggested that Mr David Lenigas is a shameless penny share promoter and all round spiv prone to grotesque exaggeration whose clumsy ramping has helped to turn AIM into the sewer that it is, I should like to apologise. And I mean that most sincerely. The tweet below, about a stock where I may have a minor interest, although that in no way influences me, shows that Mr Lenigas is a world class mind whose pithy objective analysis of mining stocks makes him a national treasure. Let the record stand corrected.
910 days ago
Analyst John Feneck argues how different the miners feel now than back in 2016. He explains his investing approach and how he avoids certain issues. It’s important to be able to sleep at night. Currently, he’s heavily invested in junior miners and explains why.
1167 days ago
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with 2 CEOs of companies where I own shares and bought more after these interviews: Eldur Olafsson of AEG Gold (AEXG) and Andrew Bell of Red Rock Resources (RRR). In both cases I explain why I bought more. Then it is Gary Newman on small caps, oil stocks and mining stocks, where there is value and what he is buying. You can access the show HERE
1286 days ago
Queens Colleage Oxford has enccouraged students to snitch on their peers and my daughter, now under house arrest, has fallen victim. What a mad and dark world we live in. After discussing this I look at all the mining stocks I own and one I sold, reviewing where we are now and where the real excitement lies at: Kefi (KEFI), Bluebird Merchant Ventures (BMV), Centamin (CEY), AEX Gold (AEXG), Ariana (AAU), Asiamet (ARS), Jubilee Metals (JLP), Pensana (PRE) and Red Rock Resources (RRR).
1367 days ago
And now from Wales, by just 30 yards, it is my new, I hope, weekly video show. This costs 99p per episode, and you can either listen to, or watch some sparky interviews with Nigel Somerville on gold and where it goes next, on how to play the gold bull market, what stocks to buy and what non stocks to buy and how a gold bug positions the rest of his portfolio. Then Paul Atherley from a non gold miner, Pensana Rare Earths (PRE), a play on all this green shit everyone – bar me – seems to love. And I explain why I have bought Pensana shares even though I think man-made global warming is utter bunkum. Finally two stocks where the valuation is insane: Dev Clever (DEV) and Trainline (TRN). You can access the show HERE
1378 days ago
Today there will be little material from me on ShareProphets as I am recording videos for MineProphets all day. I have just done one with Ross Norman which was a total zinger. The content you will get for just £2.99 really is awesome if you have any interest in mining stocks. Please buy your ticket HERE. Elsewhere, I had a long chat last night with Mahmud Kamani of Boohoo.com (BOO) and I discuss that in full. Enjoy. I also discuss the daft RNS from Cambridge Cognition (COG).
1381 days ago
And now from Wales, by just 30 yards, it is my new, I hope, weekly video show. This costs 99p per episode, and you can either listen to, or watch some sparky interviews with Richard Poulden on the collapse of empires but also of the West at every level. Also covered is the death of oil and how we should save our finances against such a backdrop and with Kerim Sener of Ariana (AAU). I also explain why Supply@ME Capital (SYME) is a crooked zero and I review the six short ideas from the previous five shows, one of which is already a zero.
1395 days ago
And now from Wales, by just 30 yards, it is my new, I hope, weekly video show. This costs 99p per episode, and you can either listen to, or watch some sparky interviews with Richard Poulden on the collapse of empires but also of the West at every level. Also covered is the death of oil and how we should save our finances against such a backdrop and with Kerim Sener of Ariana (AAU). I also explain why Supply@ME Capital (SYME) is a crooked zero and I review the six short ideas from the previous five shows, one of which is already a zero.
1895 days ago
Analyst Ronald feels that we are in a perfect storm for gold as his inflation indicator began to rise this January. One should load up on inflation-sensitive currencies, mining equities, physical gold, and the commodity sector in general. The combination of monetary tightening and rising rates is going to lead to recessionary risks and the economic numbers show a dramatic cooling.
2791 days ago
Most people are unaware of the dramatic rise we have seen in precious metals and mining stocks so far this year. Many wait for a price increase to start before they jump in. This could be a super cycle in gold, and now is likely the best time to invest - so says Colin Kettell of Palisade Capital.
2833 days ago
It often takes one year of gains for the typical investor to get interested in something in the stock market, which is where we are approaching with gold right now claims gold guru Mike Swanson. Investing in the first year of this bull market is a great strategy. The bull market for precious metals and mining stocks will likely last 3-5 years so Mike reckons you should be 20% invested in gold stocks and thinks this might be the biggest bull market we will see in our lifetime.
2901 days ago
Sentiment is changing which means that shares in smaller mining companies are now set to have a run. Many smaller prime companies have been ‘gobbled up’ leaving room for smaller explorers to come in.
2931 days ago
I do not think that China is recovering. Andrew Monk of VSA does. Whatever. In the interests of balance here are a few words from the broker today:
3072 days ago
If you missed Gold & Bears you missed a fun day out. I will think more about it and what comes next over the next few days. What I am certinly going to ensure is that UkInvestorShow on April 30 is a blow out event. After that we will see what happens next but book your seats now HERE. The key themes for me ae that I am increasngly drawn to mining stocks ( and I name 2), the new attitude to bears and takeaways from my tech session and other key shorts. And why fund managers are far from certain to beat you and I in the markets. Thank you for all the kind emails and tweets from those who attended.
3127 days ago
A visit to the quack today was not good news but at least the woes of English rugby and LGO Energy (LGO) are there to cheer me up. in this podcast I discuss Alexander Mining (AXM), Cloudbuy (CBUY), the hoods at Equities First Holdings LLC (EFH), Daniel Stewart (DAN), Imaginatik (IMTK), Wandisco (WAND), Mirada (MIRA), Range Resources (RRL), tech stocks vs mining stocks, Amanda Van Dyke and, to end, I can't resist a cheap joke about the rugby.
3272 days ago
Again another session that I regret missing from UK Investor Show 2015 - from the analysts floor mining guru Amanda Van Dyke (with guests) on how to value mining stocks.
3424 days ago
The mining goddess, oops I mean guru, was on flying form at the last ShareProphets seminar as she explained how to value mining stocks and whether one should be investing in gold or other metals juniors right now. Amanda will be among the roster of speakers at our Spring seminars which start on Febuary 2, to get priority booking and alerts of them register HERE - the video is below
3425 days ago
Tom Winnifrith could not make the Monday 8 December ShareProphets seminar in person as rain delayed his plans as you can see in the videos shot from his Greek residence below. However he posted a few thoughts by audio on the disgust folks feel about AIM listed mining stocks and we now relay this podcast to a wider audience. It explians why fundamental analysis of such stocks is in a sense not relevant right now.
3572 days ago
Gosh I am bored of the Rare Earth Minerals (REM) valuation debate. How about you listen to a real expert on mining stocks explain how to value them and make up your own mind. Here is Amanda Van Dyke at the UK Investor Show 2014. She is not just a pretty face she knows her stuff.
Amanda is one of the 35 stars already lined up for the 2015 UK Investor Show on April 18 in Among the other 50 investment superstars speaking are Ed Croft of Stockopedia, Nigel Wray, Vin Murria, Mark Slater, Ben Edelman, Tom Winnifrith, Brokerman Dan, Matt Earl, Lucian Miers, Evil Knievil and Dominic Frisby.
3793 days ago
At the Mines & Money annual dinner last week the “lifetime achievement” award went to retired fund manager Ian Henderson. As he stepped up to pick up his award I wonder what Alex Chapman was thinking. Alex who you ask? Hmmmmm.
Ms Chapman was a PR bird, not a bad looker, who was on very friendly terms with all the big swinging dicks in the London mining investment scene a few years ago. She really could be very friendly indeed.
3797 days ago
I headed off to Mines & Money in Islington yesterday, largely to see the launch of 100 Inspirational Women in Mining, a new book produced by Amanda Van Dyke and her Women in Mining Organisation. Yes, there was free champagne at the launch.
Well done to Amanda for the book. Under her leadership WIM in London has grown to 1000 members and is taken very seriously and the industry heavyweights at the event testified to that.
The event hall is packed with booths and folks are putting a brave face on life in the industry. Rick Rule of Sprott told them “you’ve felt the pain now wait for the gain.” Sure thing Rick but will everyone enjoy the gain and how long must we wait?
It still does not appear to have sunk in, in some quarters of this world, that investors who have lost 95% plus on companies where management took the piss on remuneration
3819 days ago
Why are you guys not tipping a raft of bombed out mining stocks? Well we are not sure that things have bottomed out quite yet. There is no rush to fill the gold portfolio on our Nifty Fifty site ( although – amazingly) we are only 1% down over a year on gold stocks. Fox Marble (FOX) is classified as a mining stock on AIM but I’d view it as a building materials sector play.
It produces marble – the price of which is far more predictable than, say, gold. It is not a cash cow yet but it will be pretty soon. It is run by a sensible and successful businessman Chris Gilbert who is modestly paid but has a big equity stake and the 2015 yield could well be close to 100%. I am not joking. The stock is a buy at an offer price of 17.5p with a two year target price of 60p.
3929 days ago
The latest newsletter from the leading precious metals fund management group Sprott deals with Canadian mining juniors but it is equally applicable to AIM. There are one or two rather painful home truths for us all to consider. It reads:
3940 days ago
Rick Rule, Chairman of Sprott Global Resource Investments Ltd., has invested in natural resource projects for nearly four decades. He recently gave an interview explaining why small cap mining stocks have been such a dire investment. It is a truly devastating indictment of the sector.
So what do you need to know about investing in junior exploration projects?
3953 days ago
Roger Bade the mining analyst at Whitman Howard has called both metals prices and the mining sector very accurately. That is to say he has been bearish. And in his quarterly review he remains bearish. Those tempted to bottom fish might want to have a quick look at his report out today before getting too enthusiastic.
The report covers the outlook for most metals but also a few company specific comments as well as a note on the worsening political situation in Mozambique – watch out Kenmare Resources (KMR). Roger writes:
3967 days ago
My 37th weekly video postcard on this site is now live. Over on www.shareprophets.com my fifth financial video postcard is now also live and looks at mining stocks. You can view it HERE
En passant I mention poor Nigella Lawson. However the political postcard focusses on Syria. I regard the desire by the liberal political elite of the West to intervene as irresponsible and the manner in which they have attempted to manipulate public opinion is criminal. I explain more in the video below.
4011 days ago
The fallout from the Teknomining Scandal and the growing belief that US Oil & Gas (USOP) will turn from comedy to tragedy ( while remaining a long running farce) has had a knock-on at Great Western Mining (GWMO), a company also from the Liam McGrattan stable listed on the AIM cesspit.
If you need a reminder of the TeknoMining & USOP farce – where I accuse certain directors of being liars read on here.
Great Western was, like US Oil & Gas and TeknoMining, founded by Liam McGrattan from his offices above a dodgy drinking den in a ropey part of the badlands of Dublin, Ireland. As is the way Liam himself stepped down some time ago to pursue other business interests (did he dump his stock thereafter?). But he left his long time senior gopher Nial Ring on the board. Ring is Mcgrattan’s senior gopher, young Brian at US Oil & Gas is the junior gopher.
But on 29th April Ring also quit Great Western with immediate effect. This follows a familiar pattern (see US Oil & Gas, Teknomining etc.). What Shareprophets can reveal
4017 days ago
Calling the bottom of any market is always impossible. I leave that to cleverer, if illiterate, folk than me. i.e. chartists like my good pal Zak Mir. But it strikes me that those who regard now as an opportune time to get back into mining (and plausibly oil) stocks are getting ahead of themselves. Yes, the sectors have performed abjectly. But I sense that there is far worse to come.
The story starts a few years ago when gold was racing ahead, folks were convinced that China would consume 120% of every tonne of base metals produced and that it would do the same for oil. Extrapolating these macro trends into a super cycle allowed an awful lot of marginal project,s or even non-projects, and arguably just dreams, to gain a stock market listing and secure equity finance. In the four or five years that have followed a few things have changed.
Firstly, it has become abundantly clear to investors that management teams across the resources sectors live the life of riley, awarding themselves huge pay packages and jetting here there and everywhere at vast expense. Generally having a great old time.
Secondly, very few of these management teams have delivered anything in terms of value creation. There are actually more mining companies in the world than there are projects to work on
4089 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from TradingResearch Point on the major gold producers across the globe (85 of them). It is very interesting indeed.
Did you wonder why when gold was racing ahead to $1,700 most gold stocks failed to follow suit? You would think that operational gearing would have seen gold stocks racing ahead across the board. As a believer in gold heading past $2,000 within 12 months you would have thought that I would be universally bullish but those who have read my work will know that I am not. As such I thought it worth reprinting an excerpt from a note published this week by analyst Roger Bade of Whitman Howard who makes a very valid point.
Reviewing 85 gold producers from across the globe he finds just 11 that manage a 25% return on capital. That is truly dismal. Bade’s conclusion is that the obsession with stock promotion has led to an increasing focus on production targets and valuations based simply on per ounces in the ground rather than on what return investors might actually generate. He writes:
4132 days ago
Just a note that the January edition of SpreadBet Magazine is now out. The publication now features a monthly feature from me and this time I am writing about how bearish I am about certain junior miners but how my conviction buy for 2013 is Archipelago Resources. The mag also features stacks of other stuff from folks inccluding Dominic Picarda and my old pal Zak Mir. There appears to be no end to those happy to sign up to sub-edit Zak’s semi-literate streams of consciousness.
You can download your free glossy bumper issue HERE.
4196 days ago
Shares in AIM and ASX listed Norseman Gold (NGL) remain suspended following it s decision to put its operating unit into administration – something it stated was (hopefully) temporary. Many folk have understandably written the shares off as worthless but they are, quite probably, wrong. Press reports from Australia suggest there is real hope and that the shares could be trading again by Christmas. Let me explain.
4286 days ago
Back in Stratford, Australia has just picked up another gold medal in the “Missing quarterly targets men’s relay event” Barry Cahill held the baton for the first 12 quarters before passing it on to Kevin Maloney who stepped in with a blinding finish to ensure that for 13 quarters in a row the AIM and ASX listed Norseman Gold (NGL) squad has missed its production targets. The question is whether Maloney will do a lap of honour and miss again?
