Nothing has changed my mind on the eventual buy in. But the timing as I have been espousing is the more meaningful facet of the decision.
Thanks for the question.
I have been saying that it will be only when the the industry as a whole takes off that finally these little junior miners will get caught up in the vortex, I think I put it that way. There are a few issues on the timing that have sparked urgency.
First Investors Business Daily keeps track of every share bought by a mutual fund and every share bought by the public and insiders. They funnel this information by industry and then make a list of which industry is being bought or sold. They have 197 identified industries in this report which has been 197 for three decades at least since I have been studying under them. As your group becomes accumulated your industry moves up in the ranks. This is the very first stage in deciding what stocks to buy by identifying which industry is on the rise. Since ORE-MINING and other very closely related industry's have moved up the ranks exponentially recently I view this as a very clear sign that the industry is being bought by big money, no matter what the news says. I have been watching this report daily and two days ago, came the huge jump and I posted that I think this is time to buy in to BMIX. I also posted the same yesterday. BMIX could go down to .005 still but I think we have reduced the chances of that happening.
Second, I ask you, how does a company transfer ORE? Plane? Truck? I think mostly "SHIPPING"! I also dabble in watching the shipping industry. My family member owns a tracking company and ships product all over the world. I keep tabs on weekly action in the shipping industry with her. I have said in the past that there is no shortage of Lithium, that there is a shortage of chips that make is look like Lithium procurement is a problem. While I was 75% correct. There is no shortage of Lithium however there is a shortage of shippers to ship. Right now every dock in the world is backed up and it will only get worse over the next couple years due to the non existent pandemic. This is an unreal situation. There is a two month wait in some areas...just ask Peleton.
These are the two items that caused me to change from wait and see to jump in no matter what. We may go back up to .10 or a fraction of that and come crashing down or we may take off past the .10. I have no idea. I just know that things are heating up and IBD and Shipping and usage and cost of ORE (not just Lithium) is expanding...greatly right in the middle of a bottleneck in shipping. This could be huge. Shipping is not going to be solved over night and I believe this is our biggest ace in the hole. BMIX can truck product to two continents!
By the way, didn't Brazil Minerals take a stake in a trucking company?
Is the CEO an idiot or a genius?
Ponder.
Peace
