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#21 dharma

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Posted 29 June 2020 - 05:36 PM

ryanoo, i dont know what to say, it had a big day friday and  today, buying strength in this sector and maybe every sector is not a good idea

but this got to $20 in the last run.  rifel , the ceo is going to sell it , he doesnt need investors as he did the pea and is not going to spend a dime. when the price is right he will sell. simple as that.  i dont know what that price is , its a low grade mine so its highly leveraged to the price of gold  . As gold goes higher it becomes more and more valuable. it is also an extensive find w/18 million ozs

its obviously worth alot. sprotts experience on last weeks interview points out chpgf does not need money, he is not going to dilute the share structure.  this is the kind of miner i want. he doesnt waste money and he does not want to dilute my money.   there are several guys like this in this industry. beatty , quartermaine. etc come to mind..  i am hoping quentin hennigh is another . i put alot of my money on his ventures.  he is either a really good salesman or as former head geologist of newmont . he really knows what he is doing. i am thinking , he knows what he is doing. so i bought into several of his projects.   we will find out. 

ryanoo , mining is a tough tough business i had nightmares in the 70s bull . most of the sector was in s/africa.  so i appreciate some of todays crew.  i had quite a few takeovers from 01-11 i made notes on who the executives were , some after selling , started new ventures and i decided to ride w/them again. so far i am not disappointed.  you see the majors ran all they had in the bear of 11-19  so they will need to replenish stock /inventory.  there has been some takeovers, but not on the scale that will happen.    majors have mines everywhere. hard for me to believe that as fiat goes down the toilet cash starved govts will not want the action . nationalization.   so this is a concern i have

hopefully whatever choice you make it makes you alot of money. make no mistake this is a small sector and when the public comes into the space 10baggers and much more will be normal. i guess i had alot to say

dharma 



#22 JGUITARSLIM

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Posted 29 June 2020 - 08:04 PM

Note Gold highest all time quarterly close occurred in Q3 '12 @ 1772.

 

Check what happened when '80 high was breached in '07...



#23 dougie

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Posted 29 June 2020 - 08:45 PM

Dharma thanks for sharing like you do on the miners...

 

i made some coin on Cheseapeakes last run to 20

sold 3/4

 

been adding all the way down.

 

dilution through share offering is the danger in the mining space that few pay attention too.



#24 ryanoo

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Posted 30 June 2020 - 08:30 AM

 

dilution through share offering is the danger in the mining space that few pay attention too.

that happens in cannabis stocks too



#25 K Wave

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Posted 30 June 2020 - 08:45 AM

SLV making one more run at the downtrend line...at some point you would think it might actually give way laugh.png


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#26 ryanoo

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Posted 30 June 2020 - 08:51 AM

ryanoo, i dont know what to say, it had a big day friday and  today, buying strength in this sector and maybe every sector is not a good idea

but this got to $20 in the last run.  rifel , the ceo is going to sell it , he doesnt need investors as he did the pea and is not going to spend a dime. when the price is right he will sell. simple as that.  i dont know what that price is , its a low grade mine so its highly leveraged to the price of gold  . As gold goes higher it becomes more and more valuable. it is also an extensive find w/18 million ozs

its obviously worth alot. sprotts experience on last weeks interview points out chpgf does not need money, he is not going to dilute the share structure.  this is the kind of miner i want. he doesnt waste money and he does not want to dilute my money.   there are several guys like this in this industry. beatty , quartermaine. etc come to mind..  i am hoping quentin hennigh is another . i put alot of my money on his ventures.  he is either a really good salesman or as former head geologist of newmont . he really knows what he is doing. i am thinking , he knows what he is doing. so i bought into several of his projects.   we will find out. 

ryanoo , mining is a tough tough business i had nightmares in the 70s bull . most of the sector was in s/africa.  so i appreciate some of todays crew.  i had quite a few takeovers from 01-11 i made notes on who the executives were , some after selling , started new ventures and i decided to ride w/them again. so far i am not disappointed.  you see the majors ran all they had in the bear of 11-19  so they will need to replenish stock /inventory.  there has been some takeovers, but not on the scale that will happen.    majors have mines everywhere. hard for me to believe that as fiat goes down the toilet cash starved govts will not want the action . nationalization.   so this is a concern i have

hopefully whatever choice you make it makes you alot of money. make no mistake this is a small sector and when the public comes into the space 10baggers and much more will be normal. i guess i had alot to say

dharma 

muchas gracias dharma for the insights and sharing your experience! 



#27 K Wave

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Posted 30 June 2020 - 09:17 AM

By Jove, I think they've done it!

 

slv.png


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#28 K Wave

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Posted 30 June 2020 - 09:18 AM

Back test of the trendline is OK.....bulls DO NOT want to see trading back below it now.


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#29 K Wave

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Posted 30 June 2020 - 09:20 AM

If the flag does break to the downside, then 4 hour chart may start to say Timber as well...

 

5 and 15 min charts should give good clues over next few days...currently a bit below the 5 min and just above the 15 min

Once they sync up, we may have our next swing direction...

 

 

Done...now we see if Gold/Silver starts to pull away from 100 to the downside


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#30 K Wave

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Posted 30 June 2020 - 09:35 AM

AGG...just need a few more up bars to take out that last momo swing high, and should be off to the races.....

 

agq.png


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