Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Is this the real housewives of NioCorp, does someone hold a grudge because somebody stole their lunch money, or does someone’s dog keep pooping in their neighbors yard?
I generally look at it the opposite, except for the day trading. That’s tough even on the high volume days but once in a while you can make it work.
If financing is announced while I’m holding that would be great, but that’s upside not risk. So many of these junior miners tell a good story and never come to fruition, but honestly I’m just now digging deep into the fundamentals on this one. Interesting story, I just have more history on the “headline” metals. I got hooked on this by the unique investor base that really gives it a high floor. Following Lind and the technicals has given me three successful trades now but to each his own. Trading specs is fun but I limit myself to 5% of my portfolio. GLTA!
Copper spot briefly topped $3 again today. LME warehouse stock now well below the previous 5 year low. Something has to give. Even LME futures for 12/22 are flirting with $3.
Even on the high days the volumes too thin to attract big money. This has been a bit of a hobby for me a long time. I’m a bit shamed to admit but the virus was actually very beneficial for my finances. Got time to play/gamble/speculate small positions now. My 30% gain wasn’t big $$, just following coattails.
Great return and a perfect example of why juniors are meant for trading and not investing. IMO.
Ha, I very rarely day trade these. Hate holding the extra two days to avoid a free ride and don’t like leveraging my marginable securities if and when I hold some. My target trade is when I think I can get 10% in a month or less. This last time around buying in mid may and selling early to mid August was probably the longest I held. The 200ma was again the buy signal when it moved back above. I averaged a 30% return in the period. I’ll take those every day (pun intended) versus the challenge of day trading!
You were right on that. Should’ve closed my eyes and hit the buy button haha. Gotta wonder if I could’ve gotten in and out myself with the low volume though.
Fell too fast today. Briefly dipped below the lower band. I had a couple orders put in for a quick swing trade but they didn’t get filled. Still looking at the 200ma for anything worth holding more than a couple days.
Pulling the price down ain’t the goal. The goal is just to execute the warrants and dump ASAP. Why I said to watch the strike price of the warrant. They don’t want pps to drop any more than the Kong’s. Lind never wanted to hold shares here, so any quick trade with a .01 cent profit is gravy, but if pps stays up they get more. Lind wants zero risk and will sacrifice profit for it.
Nah man, it’s totally Lind. The 50 day is more important than the 200 right now but that is going to start to shift as Lind has far more warrants expiring early 2021 than they do this year. They were buying small lots in June and July to help pump the price so they can $$ on the warrants. They are in control through February. Watch the strike price for indicators on where to buy. I’m holding off a bit as I don’t know if they can keep the price inflated that long. I do look for an eventual return to the 200 day followed by some manipulation by Lind to get the pps back up. Your 200 day is the buy signal right now.
Plants running! Would be nice if the share price were too!
https://www.globenewswire.com/news-release/2020/08/24/2082623/0/en/Nevada-Copper-Restarts-Production.html
Strange. I still don’t get it. Anyways, thanks for the chart updates and the DD that you and others have shared on Lind/001. Following them gives great indicators of entry/exit points.
Taseko has a nice update in their most recent Q on their nearby and similar Florence project. Certainly a positive indicator for Excelsior once it gets going again:
The Production Test Facility (“PTF”) operated continuously without disruption during the second quarter of 2020. Steady state operation was achieved in 2019 and the focus turned to testing different wellfield operating strategies, including adjusting pumping rates, solution strength, flow direction, and the use of packers in recovery and injection wells to isolate different zones of the ore body. The operating team has used physical and operating control mechanisms to adjust solution chemistry and flow rates and has successfully achieved targeted copper concentration in solution. Pregnant leach solution (“PLS”) grade in the centre recovery well (most representative of the performance of the commercial wellfield) has been stable at roughly two grams per litre since November and in June and July the SX/EW plant produced at a rate of approximately one million pounds of copper cathode per year, mainly from the centre recovery well.
The PTF has provided valuable data to validate the Company’s modelled assumptions and operating parameters, andthisdataisbeingusedtorefineoperatingplansforthecommercialphase. Withalloftherequireddatainhand, we recently made the decision to wind down the production phase of the test facility and commence rinsing the small section of the orebody where the wellfield has been operating.
Long time lurker, short term holder of multiple junior miners here. I follow both of these but have no holdings in either at the moment. I’m a trader and I’m not afraid to admit it (loved the recent NB run up by the way, cha-ching!) but I’ve never figured out the relationship between these companies and why they are constantly mentioned on one another’s board. I love copper right now but the operational concerns at MIN concern me too much for anything more than a trade.
Copper traded for over $3 for a while today. There’s obviously a lot of uncertainty in the market but I would’ve expected some of these early producers to react a bit better to the price increase while LME inventories remain low.
Is that recent? Can you share a link?
Officially in over the last couple of days at just under .105. Will add more throughout the week but not a large play for me. I’m looking at Scotia’s .25 CAD target initially. Make sure when you compare this to pre covid prices that you account for the share count nearly doubling. It’s the continued institutional backing that got me to pull the trigger.
What do you think about excelsior mining? It’s another Cu player I’ve been watching. Very different operation than NEVDF but it’s another triple flag investment. One could argue they’ve been hit even harder than this company.
Full disclosure: I’m here for the short term play.
HOWEVER, IMO this company has been unfairly hit because of covid. I like your 3x projection. We hit that and I’ll be re-evaluating. I’ve watched this for a while but missed the boat last fall when it ran. Obviously no one predicted covid and this is clearly undervalued in the long term. Dr. Cu is the only one I’m taking a prescription from though.
Great time to come online. Copper is at a one year high (even if it retraced a bit the last few days) and LME stocks are at five year lows!
How do you research/ do DD on this company? Been lurking it for quite some time but can’t even get to the website now.