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https://www.mining.com/web/gold-stock-upleg-immature/
Took more of these last week up to almost 1.4million now. I Keep adding. One day it will pay off imo.
Here part of the article from the link above.
With gold stocks’ powerful upleg gathering steam, more traders are piling in to chase this sector’s big gains. Plenty of fundamentally-superior mid-tier and junior gold miners have already enjoyed doublings in recent months. As mounting capital inflows accelerate gold stocks’ surge, smart contrarians who bought in early are wondering how much longer this upleg can run. Interestingly it still looks immature on multiple fronts.
Gold stocks have blasted higher in quite a rally over this past half-year or so. The GDX VanEck Gold Miners ETF, this sector’s leading benchmark, has soared 59.6% higher over 6.5 months as of mid-week! And that remains dominated by major gold miners, which aren’t as responsive to gold as smaller ones due their hefty market-capitalization and huge-production inertias. Still GDX usually amplifies gold by 2x to 3x.
Since late September, the yellow metal fueling gold miners’ earnings has surged 24.5% higher in its own strong upleg. So far GDX’s parallel upleg has leveraged gold’s by 2.4x, right in the middle of its normal range. Gold stocks’ outperformance tends to grow as uplegs mature, stoking more greed and attracting in more traders. The longer and higher prices run, the more enthusiasm generated for chasing those gains.
But the mid-tiers and juniors are faring way better, leaving our newsletter trading books brimming with big gains. One fast-growing junior gold miner we added back in early November when this sector languished deeply out of favor has already skyrocketed 124% as of mid-week! Those fat unrealized gains are joined by plenty of other trades up in the 80%-to-90% range. The getting has certainly been good in gold stocks.
The government of Canada’s Ontario province has introduced legislation to amend the Mining Act that will, if passed, attract more investment in the province’s mining sector while strengthening the province’s critical minerals supply chains for batteries and electric vehicles.
In 2021, Ontario produced over C$11.1 billion ($8.1bn) worth of minerals, accounting for 20% of Canada’s total mineral production and approximately C$3.1 billion ($2.2bn) worth of critical minerals.
The Ontario government released its Critical Minerals Strategy last year, a five-year plan that includes addressing regulatory challenges to get mines built more efficiently.
If passed, the Building More Mines Act, 2023 could advance critical minerals projects by making it easier for companies to get a permit to recover minerals from mine tailings and waste; improve closure planning by having more qualified professionals available to certify plans; allow more flexibility in the techniques used to rehabilitate mines once they are closed and create more options for companies to pay financial assurance.
“It shouldn’t take 15 years to open a mine. This process is too time consuming and costly, leading to project delays and lost opportunities for Ontario’s mineral exploration and mining sector,” George Pirie, Minister of Mines said in the statement.
“We need to get building. That’s why our government is introducing changes to the Mining Act to help attract more investment and secure the critical minerals that support the made-in-Ontario supply chain for new technologies like batteries and electric vehicles.”
These changes, the government said, would benefit the entire minerals sector and advance Ontario’s plan to build an integrated supply chain by connecting mineral producers in the north, including those in the Ring of Fire, with the manufacturing sector in the south.
Ontario’s Ring of Fire region has multi-generational potential for critical minerals production including chromite, nickel, copper and platinum needed for clean steel and electric vehicle manufacturing.
The modifications to the Mining Act would increase certainty for business planning and generate investment in Northern Ontario to provide significant economic development opportunities for northern and Indigenous communities.
All amendments, it said, will maintain standards for environmental protection and meet the duty to consult with Indigenous communities. The proposed package of legislative amendments is posted on the Environmental Registry of Ontario and is open for public comment until April 16.
Another interesting piece of news from Green Technology Metals today CEO Luke Cox tells Proactive the company has confirmed the prospectivity of Morrison prospect at the Root Project in Ontario, Canada, with a broad lithium intersection unearthed in the maiden drill hole. RL-22-0346 hit 10.6 metres at 1.25% lithium. Defiantly worth a listen.
https://t.co/fGCHDQY2C4
Saw this and thought it worth sharing. No idea if these are interested in our 14,000 lithium exploration zone but this it’s worth a listen.
https://youtu.be/FyBD2nBIUvQ
A Christmas gift for Landore Shareholders?
“…We’ve had a number of proposals. We’re very encouraged. It’s very positive and we’re confident that we’ll have an excellent outcome over the next few weeks or so…”
I hope it this Christmas.
https://total-market-solutions.com/2022/12/landore-resources-ltd-dec-2022/
Lithium very hot… now’s the best time if LND can get a deal done regarding our lithium assets.
I’ve recently been adding and continue to do so. Well done Mr Edwards in being our newest substantial shareholder, just to clarify I hold 1/3 of what you hold. Good luck all and have a great day.
https://finance.yahoo.com/news/lithium-giant-says-global-lithium-143000703.html
More and more of this stock is being snapped up by investors who won’t sell. Those buying and taking small profits to try and buy back cheaper won’t get the chance soon. Things are starting to warm up and I expect to see a reaction in the SP especially because news is due but more importantly I expect more detail and explanation in the RNSs. Have a good evening all.
Nice tweet here about a lithium deal done between NIO an EV maker and GW1 this shows how much value our projects could unlock.
https://twitter.com/giginator_/status/1574171697380347905?s=20&t=eatEQPiy-hRN74J0zs9Cgw
Hi UR yes I am fully aware of Xstarta/Glencore and the fact they were enquiring about a possible Jv in the past and they wanted us to get to 100k tons nickel to talk about a possible jv. Yes it was in the TMS podcast dated 21/10/21 (that’s why I posted the Glencore video below)
If that was to be a 50/50 Jv surely now we are for sale they could get the whole 76k tons plus xxx all to themselves plus everything else in our PF all I know is if they were interested then, surly they would be even more interested now. Have a good day.
Nice video here by Glencore these could be a jv partner or potential buyer.
https://www.glencore.com/what-we-do/metals-and-minerals/nickel/the-journey-of-nickel
https://www.mining.com/teslas-battery-metals-bill-balloons-to-100-billion/
Here’s a snippet from the article a very interesting read
At today’s price Tesla is on the hook for a bit over $100 billion for the 11.1 million tonnes of raw materials it needs to build 20m cars.*
That’s up from $44.8 billion for the metals entering the battery and electric motor supply chain at the time the production goal was announced.
The jump is mostly on the back of an astonishing 8-fold rise in the price of lithium over the period, which in July averaged more than $60,000 per tonne. In July, lithium made up 46% of the total cost while in September 2020 it was only 11.6%. The persistent high price of lithium is also playing havoc with the economics of LFP batteries – which most EV-makers want for entry-level runabouts.
Nickel made up 25% of the overall bill of materials two years ago, now that portion is 15.7% despite a 40% increase in the price of the metal since then.
In March-April when battery metals were hitting multi-year and all-time highs that total was $131 billion.
Bar lithium, prices have pulled back sharply since March (cobalt is down from a peak of $92,000 to under $50,000) but through to the end of the decade most, if not all these commodities will likely become more expensive as supply struggles to keep up with demand.
As automakers (and the renewable energy sector) scramble for lithium, nickel, cobalt, graphite, rare earths, aluminium, manganese and copper securing supply may ultimately be a bigger issue than costs.
Exit strategy
At some point everyone here will require an exit….. Bill, Glenn and co, our major shareholders, Sprott, Canaccord, Arconas and even some of the Pi and LTH who hold 1-2% or more, but under 3%, plus the rest of the smaller shareholders. we are currently in the process of some sort of corporate action that could/will produce an offer that could/will start the ball rolling for an even better offer. Everybody here should have some knowledge of what these assets are worth from recent and past articles on M&A and must surly conclude that a £20m market cap is not our real true value or the value of the likely offer we could/will achieve.
We are priced so low that we have got a lot of attention from perspective suitors and Bill alluded to this fact in recent communications saying that several majors and mid tier miners are looking at us and we know that these are doing DD.
At the moment we are being priced as a failure and in my view that is far from reality because there is real true value on every asset we own.
This sales process when concluded should/will give us all the exit we require and I believe it will be multiples of where we are today.
“You've clapped this up hard for a few years now Samroy”, NTM I’ve not been in a full 12 months yet. I have been slowly adding and I’m still adding to date I am here for the “end game when it comes”. Yes there is possibly a few problems the biggest being a seller who decided to sell down for whatever reason. However this gave everyone a fantastic opportunity to take advantage and build a stake here. It’s a pity you have reduced according to you, but because of your impatience and growing anger I believe your posting isn’t of someone who actually holds any stock here. I haven’t actually looked back at your post history because I don’t need to I remember some of the rubbish you have typed over the years, you have been in another stock I held and you was a constant moaner on that one also and where we met in the past, which we all did very well on in the end, that also explains your confusion regarding your “few years now comment above” One thing we do know is that we are currently involved in a strategic review which will lead into the next stage of the sale process after September 30th which isn’t that far away. I believe there will be several participants taking up the opportunity to enter the next stage and whatever the outcome I’m sure Bill will get some sort of deal over the line in the future.