Member Info for booboouberbear

Should be a good month, WK further drilling results (EZ already said "spectacular visible gold" finds on the drills) and Q1 update (already hinted at getting near the fatter ore sooner than forecast).

With a fair wind we could go into spring with spring in our step.

We are approaching a massive accident here, 2s and 10s T Bills now inverted and US Unemployment and Wage Growth at clearly unstainable levels, don't know when this all sinks in, but when it does have lots of cash of the sidelines for when the dust settles.

Fantastically bullish, even hinting at getting to the “juicier” ore at NLGM earlier than thought in the year, he’s clearly getting “farm in” investors ready, multiple hints at that "external investors" on site.

Should warm up as the year goes on and I expect some serious movement the closer we get to Q1 2023.

I think we all risk over thinking this. Today's update was fantastic, we are heading to a 10 g/t mine with a multimillion ounce JORC, there is maybe a dozen of those in earth currently in operation. Our time will come, just not in this crazy market where gravity seems to have been suspended, its funking nuts out there...

The macro and micro environment should it play out is mouth-watering here, I can’t see how we are not sitting at a much higher SP early-mid 2023 when NLGM and Singida are both in production and WK is heading towards a multi-million ounce DFS.

It’s a wait and accumulate. I think we could be in for rough times in the market in Q2 / Q3 this years with a recession in the West, but after that I see more QE and double digit inflation and currencies in the West in genuine trouble as China and Russia try and pivot off the greenback.

I don’t think I’ve ever seen US T Bills sell off like this, this is pretty violent for a USD$30T market. We can only be months off a full blow US recession (or the Fed steps in to prevent it and doubles inflation).

Absolutely, this is now a gradual build up to having both NLGM and Singida in production (100k Oz+) and having WK much further on in the value curve, Q1 2023 is when the value will start to really shine here IMO.

The thing is for all the finanicalisation over the last 4 decades of commodities when the crunch comes all of the paper in the world won't paper over the cracks of the physical market because you can't eat paper wheat trades and you can't build batteries out of paper lithium trades. At that point your spot on Mick, selling everything off will be judged a spectacular mistake.

Interesting following the LME Nickel story, there now appears to be mass dumping of Chinese government Nickel reserves into the open market to depress the price. Limits being hit all over the place, a complete disgrace and you wonder what becomes of the LME other than just to be a complicit market place for the Chinese communist party.

And at which point it will be more QE and more inflation.

0.25% rate increase from the Fed with 6 more in 2022 forecast, the market doesn’t believe that, so we have 5s and 7s inverting with 10s and 2’s and 10s will probably invert in a matter of weeks IMO. Signalling a recession in Q3/Q4 this year and probably more QE to stabilise the market.

A real car crash coming down the road.

There's a serious accident about to happen in markets . Yields can't keeping rising like they are with this debt load. It will collapse sovereign nations.

There are real stress fractures now showing in things like the VIX which has been suspended 3 times already today, we could be in for a liquidity crunch at this rate, interesting to see if the US Fed even get one interest rate rise off tomorrow and if it does what kinds of issues it will cause.

No one knows for sure, but they believe the losses on companies caught short nickel will run into the tens of billions of dollars, JP Morgan must be looking at north of USD$10B loss, LME will remain closed until they can manufacture a carve-up and allow these companies the opportunity to escape at much lower prices.

It shines a light on how dirty metal trading (and commodity prices in general) has become, it’s not really a free market of Bid / Ask anymore. It also shows what happens when an unregulated paper market loses control and dives head long into the reality of the physical market, a lot of these commodities are in massive demand and very short in supply, if the games disappeared from the likes of the LME / CBoT everything would rocket in price and you’d have a geo political problem.

Wheat (or lack thereof) is probably going to be the next problem IMO…

If we lived in a genuine free market, fine. But we don’t. The absolutely disgraceful goings-on’s at the LME Nickle “Market” this week showed that (that’s still closed BTW while the Chinese Communist Party allows one of their own an orderly exit).

To cause the PM markets to crash and equities futures to surge without breaking sweat 101.

Put up an erroneous one line story out on the news wires with a phantom quote from Putin about getting close to ukraine on a ceasefire deal while continuing to close in on Kyiv, let your algorithms respons on mass and make your trade for the day.

I'm in the wrong game.

big call from them!

I think we are all guilty (I know I am) of trying to find meaning in movements in financial markets in this modern age. I keep trying to find solid reason why markets are acting like they do but I can't find anything near logic or reason for why the act like they do. Certainly not fundamentals related.

The closest I can find to any kind of meaning is everything is now just caught up in a momentum trade one way or the other. Today its pile into high end equities because everyone else is doing it. Tomorrow it will be something else.

It will be interesting to see who eventually comes in here to help out, the right farm in at the right time could see us transform overnight. I don't know if we are there yet but it's coming IMO.

Outstanding. To note this is the increase based on the wildcat drilling programme some way away from the main resource that was known about, which is still to come. Looking at something special here.