Member Info for esduk

Don't disagree Element, but their is also no insubstantial concentration / jurisdiction risk there, with the owners of Fresnillo apparently not getting on at all well with the current President / governing administration in Mexico at the moment. They recently bought a Gold mine in Canada which seemed like a strange move.

Have a look at Don Durrett's YouTube videos on silver producers and developers. There aren't that many and he ranks them all. A good place to start before doing your own research.

That would be Bonks, posting about the Sav Portuguese / EU grant.

If you are planning to invest in silver miners (most of them also mine gold / other metals as well), I would consider looking at US and Canadian listed ones, as well as Fresnillo and Hochschild. I think Fresnillo has run up much faster this year than other silver miners so may be less value left there, though will still do very well with $100+ prices. I had some in Hochschild but didn't like their problems in Brazil and failure to meet guidance consistently (a big no no for me).

Silver was up 150% last year, but SIL ETF (senior producers) was only up 158% and SILJ ETF (juniors) was up 202%. So I think the miners have some catching up to do as they should act as leverage plays to the commodity itself. This happened with gold and gold miners too. You need a few sets of quarterly results that incorporate the higher prices before the mainstream market starts believing.

So I think it's not too late to jump into silver miners, as they are still priced at between $40-$50 silver and we are currently at $80. US listed silver shares like Hecla and First Majestic seem to move faster than their Canadian brothers in a bull market due to them being easier to access for US generalist investors when they see silver climbing and decide they want some exposure to miners. Just a warning that silver miners, even the big producers, are a lot more volatile then the likes of Greatland, so you may want to avoid over exposure.

Thanks, flundra posted it earlier but it got lost in all the strangled garbage. I also mentioned the €360m grant that European Metal Holdings received for our fellow CRMA Strategic Project from the Czech government at the end of November. Both of these have come out of wider EU funds. All signs point to Pulawy!

*no doubt know...

Speedy, as you know doubt know, US government needs to refinance $9tn in debt this year (out of $38tn total debt balance) and raise an additional $2tn+ to fund the deficit. Yellen and Bessent have been going short on their issuance and refinancing for years due to the steep yield curve and it's starting to come home to roost. The FED can control the short end of the Treasury market but not the long end, which is market driven.

While the UK is generally in a rubbish position debt wise i.e. size and interest rate, unlike the US, its one saving grace is the pretty long average maturity for government debt.

Anyway, all to say that I agree with you about the seriousness of the coming government debt crisis.

Someone did just sell 5k for 43p! Not me obviously, that would be pure madness in my eyes.

Very funny! I can still sell my 5k for 43p, the world doesn't seem to have fallen in at 3pm, so I'm happy.

Fair enough Kaeren, no more engagement from we with the strangler for the foreseeable future. I just don't like this obsession with TSX-V price, given we have traded 2.15m so far today against TSX-V volume of 454...

Kat, I can sell 5k at 43.02p....

Just like no-one could buy at 44p earlier on, but could sell above 43p. I did a fill or kill buy at 44p that didn't get filled and the MM's moved the ask up to 45p. If someone put in a fill or kill then perhaps the MM's would move the bid down from 43p to 42p.

These things are not related. And if it was connected, why would it be 3pm, given markets in Canada open at 2.30pm?

I didn't say you could sell at 43p, I said your "Can't sell... Canada looks to be opening at 0.78..." thread title was pretty transparent, as well as the content in your post about getting your buy in the 30's. You have lots of history of putting up thread titles that look like they are meant to scare people into selling.

You are so transparent with these thread headlines as well, trying to panic people. Just and out and out wrong un...

And out of interest, why didn't you sell earlier this week after predicting a drop to 40p? You don't make a lot of sense...

Volume was 24k yesterday on TSX-V strangler... Personally, I don't see their SP driving ours (unless people start believing that and selling). Whether we get a drop because of US investors selling that's a different matter, but I don't think that has anything to do with Canadian price.

Nearly 2m traded already today, which is between 2-4x daily volume over the last month, and this on a Friday. I don't think it necessarily means imminent news, but I do hope it does signal a technical bottom / reversal and a turn in sentiment.

Interesting Kalasin. Perhaps because some people in China know that RE prices will be allowed to move higher (as they have been over the last year) and these Chinese companies, producing at very low costs, will start making substantial profits?

I agree flundra. I would like to see us sell down $10-20m in our MKAR holding, potentially as part of the PIPE financing, so that we don't ever have to worry about an AIM raise again. With that we can complete the JV negotiations for Japan, South Korea and Canada on the front foot, and use some of it as equity (alongside grant funding and debt) to expand UK and German plants. Remember Cotec is responsible for 20.6% of Maginito funding too and our German partners are currently responsible for 20% of Hypromag GmbH on top of that, so we don't need to provide 100% of the equity.

Selling down any more of our MKAR holding doesn't make a lot of sense to me unless we want to add new plants in UK / Europe in future and need funding for these (I reckon by that stage we could probably fully debt finance them). But I can't see that happening until well after the existing ones have been expanded to full capacity. I also don't see us going it alone in Japan or South Korea as we would clearly need local partners in those markets to have any chance of success.