2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 385.99

+1.6%

Nov 12 4:00 PM EST

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To: TobagoJack who wrote (171461)	5/10/2021 1:45:19 PM
From: sense	1 Recommendation Read Replies (2) of 217739

I'm about 1/3 in... New Found Gold the clear winner in performance, thus far.. The majors are slower to gain momentum... requires Wall Street to wake up and join the long term cadre of mining share enthusiasts... I'm shifting focus now from looking for opportunities to managing those I have with timing "more"... But can't ever quit looking at this stage in the cycle... as a lot of sleepers out there offer the best returns... Threre is more upside in juniors right now... and a lot of deals being done both ways... majors / mid-tier producers looking to acquire juniors in whole or in part where an upgrade in asset quality is possible... and majors looking to shed assets that juniors can pick up and run with... sort of a shuffling of the chairs as the room is being prepared while the main event approaches... KOR a no brainer of the first type... just an obvious acquistioni waiting to happen... at what price ? The majors aren't necessarily in control of the best properties now... as the near total lack of $ on exploration over years and years has meant they don't even necessarily know what's on the properties they have... with KOR being a great example of that... in a property let go by a major... that's better than most... needing only a minimal amount of effort to prove its relative merit... SA more the opposite, is shedding worthy properties... Red Mountain deal just done passes it off to Ascot AOVTF / AOT.TO who now owns 100%... only with Sprott involved in the middles somehow. Yamana buying Ascot shares in a $20 million placement three weeks ago funds the deal... that $ on top of a $60 million raise just completed the week before... So, in the space of three weeks... Ascot is now a serious players as a developer ? Except "Ascot" is really Sprott et al and Yamana... Seabridge Sells Residual Red Mountain Interest for US$18 Million Sprott's role seems to have evolved into a more overt middleman participating in redistributing properties and pairing them up with hopefully functional management... shuffling the cards in the deck as suits them, even after the cards have been dealt out... while also managing money flows between players, and working upgrades to management and both operational and marketing focus in the juniors... Sprott now a mezzanine level financier more than a holding company in mining ? Also noting that a lot of the royalty companies are suddenly shifting focus from buying streams to buying shares... which perhaps suggests what they expect in terms of the timing in returns on investment... ? There are a lot of "better" projects out there still... that haven't moved at all... because those holding them are still in a stupor from the last ten years... haven't woken up yet and realized the huge amounts of money that are now sloshing around funding junior miners.... Focus on those "doing something"... a better idea for short term gains... Focus on the best properties you can find for longer term value... nothing else close to New Found Gold... explaining why its been nuts the last week or two... a big spike on the day they reported a high grade hole. A long term value approach will also look, instead of at high grade in a hole, at acquisition cost in $/per ounce of metal versus the probabilities of success and the costs in building and operating mines to extract that potential... both of which are knowable, mostly, only after companies have raised enough $ to do the work in sufficient quantity that the data answers the questions reasonably well. High grade metal in wide intercepts at or near the surface... in a location with all the infrastructure and a willing and able work force that doesn't have to be flown in... about as good as it gets... with everything less than that requiring discounts... In the current market a lot of newcomers are lapping long time participants... only because they're engaged and moving out with energy... and willing to do the deal to get the $ to make the movement possible...

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