The #resource sector is full of bullshit low grade and otherwise uneconomical projects promoted by charlatans seeking to raise capital to pay their salaries and grant themselves options which they monetize constantly
They say 1 in 10,000 deposits become a mine. The best results will be from following management teams with experience and a current plan to advance an asset and sell it to a major.
10+ years at Sprott. I’ve seen what happens when some have too much capital and can no longer be selective. The firm often invested in things I personally deemed pieces of shit
I feel I should dispel the myth. Cause if someone where to look at the history the firms wins quickly turned to massive losses in the down turn. I remember laughing at the shit Phillip Richard’s bought at RAB capital and we weren’t much better
The problem with so many firms is that they decide to value aum or performance and then it all goes to shit. Since being on my own I struggle to find 10 names I actually like and trust at anyone one time
There is probably a 99.8% chance that all the resource shitcos you know and love will be obliterated in the next bear. Few will tell you this or admit that they are riding what they know is shit.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Kevin Bambrough

Kevin Bambrough Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @BambroughKevin

Feb 6
Perhaps I have to highlight and do math for people!

$100k per tonne is over $45/lb for molybdenum in Asia. That’s $5 over the all time high.

FYI in Q3 China produced flat yoy 62mln lbs but consumed 68mln lbs up 23% yoy

This party is just getting warmed up. Could see $80/lb
This is serious shit… when China flips from net exporter to importer prices go balistic. Good buy cheap producer that helps set the price. Hello big fucking consumer that also takes over major mines so they have supply.
China net imports moly in q3
Read 5 tweets
Feb 6
Wow… reading articles like this now… some think they’ve missed the boat on $moly the squeeze is just starting. Read this…. Seriously steelnews.biz/molybdenum-pri…
When the steel industry has to slow production because of the shortage you know shits about to get crazy. I’m loaded to the tits and I’m getting fomo. Feel like going deeper. But that will be irresponsible:)
If you take the time to search ‘molybdenum’ and look back over the past weeks, months and years you’ll see basically barely anyone talking about the metal. Yet it’s a key ingredient in so many products and industries and it’s growing in use
Read 4 tweets
Feb 5
#uranium is gonna rip just like #molybdenum has.. right to that all time highs. The break out and challenge the inflation adjusted high. The only question is when and what the trigger will be. Perhaps the sanctions coming this week will be the spark.
With the EU and USA both looking to sanction Rosatom things could get interesting. Could lead to aggressive stockpiling as well as captial flows from big fund managers. The sector is so frigging tiny it won’t take much to explode the price higher. People were shocked by sput
Well in this environment it’s possible to see $1bln of flows in a week attempting to buy physical uranium. Or $5bln trying to enter the space. Just look at the swing in market cap in a stock like $tsla alone. It’s an insane world full of maniacs. #uraniumsqueeze is coming
Read 6 tweets
Feb 4
Booking to do an interview with @leadlagreport later this month. Excited as hell to talk about both #molybdenum and #uranium and the joys of hunting where brokers refuse to pay analysts to look
With #molybdenum hitting all time high yesterday I’m excited to see it break and where it ends up running to. Reports keep coming in that there is nearly no stock piles to be had and it’s about to really get crazy. EU industries depend on this ingredient for their steel industry
Inflation adjusting the all time high probably targets a run to $53/lb

And like all other metals… the macro for molybdenum is more bullish this cycle than last.

Very few pure plays other…
Read 19 tweets
Feb 3
Funny… I try to point out to people that #molybdenum is making an all time high and is up around 28% this week. Super squeeze… and I get crickets.. cause basically no one is invested and/or cares as a result.
Just goes to prove the huge opportunity that exists in looking for great stocks in sectors that nobody covers. The financial industry will only get actively involved in the #molybdenum sector (or #uranium sector) at as we near peak and stocks like $moly are well valued
And there’s commissions to be earned trading the stock and investment banking fees to be had from raising big dollars or consulting on a take over. The dynamics of the what it takes to get broker coverage make this inevitable
Read 4 tweets
Feb 3
Remember all the life extensions, restarts and huge and growing numbers of new builds are all way above the #uranium industries forecasts
Macro is locked and loaded for an epic highly profitable squeeze in the price. The sleepy industry fuel buyers are about to be rocked because they say none of this coming and don’t understand how aggressive the capital markets will be now
Maniac equity investors that pay stupid multiples at bubble peaks haven’t even joined the part yet. When they do they will pour capital into SPUT and send #uranium prices to the all time inflation adjusted high of $200/lb. It’s simply inevitable. It’s how markets work.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(