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frizzers

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About frizzers

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  1. Here's an interview with Keith about the IPO: http://commoditywatch.podbean.com/e/keith-neumeyer-first-mining-finance/ http://www.podbean.com/site/UserDownload/index/bid/2516/url/http%253A%252F%252Fcommoditywatch.podbean.com%252Fmf%252Fweb%252Ff4ucxq%252FKeithNeumeyerFirstMiningFinance.mp3
  2. First Mining Finance Corp / FF.t There's a new IPO coming to Canada in the totally bombed out sector that is junior mining. UPDATED CHART FF.t / First Mining Finance ... weekly : 2-yrs : 6-mos / 10-d Ratio: FF.t -to GDXJ ===== The man behind the deal is Keith Neumeyer. For those of you that don't know Keith, he built First Majestic Silver (TSX:FR) and took it from penny stock status to $25 a share (in the heady days of 2010-11) with a 3 billion plus dollar market cap. It is now one of North America's leading silver producers and even in today's beaten up silver market it remains profitable with a market cap of around C$900m and a share price of $7.50. Keith was previously behind First Quantum Minerals (TSX:FM), which followed a similarly enormous trajectory to become one of the world's biggest copper producers. His record in mining is pretty much second to none. Also involved are many of the other key personnel from First Majestic, such as Ramon Davila and Raul Diaz. The strategy of the company is, simply, to tap into their huge knowledge base and use it to acquire as many quality mining assets as possible (Americas only) while they are going for a song (we're currently seeing the lowest valuations in 20 years), spend as little as possible on them (watch them 'incubate' I believe is the word) and wait for the time that the mining capital markets stabilise at which point they hope to have a pucker portfolio of assets on their hands. Revenue will eventually come from re-sales, JVs, royalties and streaming structures. They already have 18 properties at various stages of development (gold, silver, copper, lead and zinc) and have raised C$2.7m. The company will IPO in Canada via an RTO next month and plans to raise another C$5-10m (at 50c) in the process. A C$10m raise would mean 80m shares outstanding an an approximate market cap of C$40m. Management will own about 10% and First Majestic shareholders 25-30%. The success of First Mining Finance depends on the metals markets, of course, but the ideal situation would be for them to remain depressed for another while so that assets can be picked up for zilch and for things to then pick up, as surely they one day will. I don't know what the market reaction to the stock will be, of course, but I suggest this is one to hold for three to five years. Anyway, if you are interested in finding out more or in taking part in the IPO, please let me know and I'll send over forms. If you want to speak to Keith, I'll try and arrange that too. frizzers at gmail dot com. (I'm investing fwiw) Here's the Powerpoint. ===== LINKS FF Website :: https://www.firstminingfinance.com/ Presentation, Nov.2017 :: https://www.firstminingfinance.com/_resources/Nov_2_Presentation.pdf
  3. Of these alternative information sources and rumours that have been cited over the last, say, five years - many preducting some kind of extreme event or huge revelation - which have actually happened? I'm trying to get an idea of the success rate.
  4. Barratt to be kicked out of the FTSE 100 http://www.cityam.co...lides-down-list
  5. Thanks Doc. The news is basically increased resources and production (hoped). I'm interested in that trend line you have drawn - how did you arrive at tht?
  6. Afternoon Dr, I'd be interested to know what you make of this chart - a tiny little oil producer called KFG. I think the lack of volume is interesting - but I'm not sure what to make of it.
  7. Not sure if this has already been posted, but in case it hasn't this 45-minute movie is worth watching. It is scary stuff. From: http://www.youtube.com/watch?v=https://www.youtube.com/watch?v=AUjHb4C7b94 The Islamic State, a hardline Sunni jihadist group that formerly had ties to al Qaeda, has conquered large swathes of Iraq and Syria. Previously known as the Islamic State of Iraq and Syria (ISIS), the group has announced its intention to reestablish the caliphate and has declared its leader, the shadowy Abu Bakr al-Baghdadi, as the caliph. The lightning advances the Islamic State made across Syria and Iraq in June shocked the world. But it's not just the group's military victories that have garnered attention — it's also the pace with which its members have begun to carve out a viable state. Flush with cash and US weapons seized during its advances in Iraq, the Islamic State's expansion shows no sign of slowing down. In the first week of August alone, Islamic State fighters have taken over new areas in northern Iraq, encroaching on Kurdish territory and sending Christians and other minorities fleeing as reports of massacres emerged. https://news.vice.com/video/the-islamic-state-full-length
  8. How are playing all of this Cg? Bullion and puts?
  9. My comment might just have had a little bit of eyebrow to it! (as did yours).
  10. Hi Cgnao, Nice to have you back! CC
  11. This week has seen the emergence of two separate plans to have the best of both worlds. Ripple, a digital payments network that allows people to transact in a range of virtual and traditional currencies, said it had developed a way for people to transact in a digital form of gold. The announcement on Tuesday came on the heels of a company called Anthem Vault saying it had created its own virtual currency backed by gold, known (inevitably) as Independence Coin. http://www.businessweek.com/articles/2014-07-30/ripple-and-anthem-vault-combine-gold-with-bitcoin-style-currency
  12. Nice work Dr - here's hoping you're right. Your theory raises the question - does debt matter (in a world in which you can print your own money)? And are gold and US debt still related? Gold bugs will tell you debt does matter. And that debt and gold are related. And that 'it can't go on much longer'. All that stuff. But recent years (and the 80s and 90s) would suggest otherwise. I don't believe this chart for a second, but it's a bit of gold price erotica, so I post it anyway From here- http://tradermc.com/articles/gold-elliott-wave-projection-since-1970/
  13. Yeah, I've watched it now. She was just having some fun with numbers to try and make her speech more entertaining and give it some kind of theme. It is nothing more than that. To leap to the conclusions that the interpreter of the vid has leapt to is verging on the delusional in my opinion. There is a great deal of mental bias, logical fallacy and all the rest of it - of which this is one example. I really would recommend reading McRaney's book 'You are not so smart' - http://www.amazon.co.uk/You-are-Not-So-Smart/dp/1851689397 Have a skim round this poster and try to find examples of these logical fallacies in the Lagarde interpretation. It's a good exercise.
  14. Nobody's defending Facebook. And nobody's criticizing your excellent work on that gold call last month. That book I recommended has a reference to Facebook on the front cover, but that is not what the book is about. I really recommend it. It is a compelling read about how the mind works. The changes you describe to financial systems, healthcare etc are coming, I agree. Current systems are bankrupt and better more efficient systems are around the corner. I don't believe they are coming because of co-oridinated attempts by cabals, illuminati and all the rest of it it, but because of improved tech - http://www.virgin.com/entrepreneur/how-bitcoin-tech-will-revolutionise-everything-from-email-to-governments . I'll watch that vid now.
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