Trading the stockmarket (NO Referrals)

Think I need to diversify a little more as I'm around 7% down from the last few days. Probably need to take some positions in equities that are a little less volatile during market downturns.
 
radderfire said:
Is there a market for those warrants somewhere? Can you sell them?
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I've had warrants for PRU on ASX and also for the investment trust JII. I think in both cases I had to put money in to use the warrants (at a fixed price) but because the share price had risen a lot it was worth it in both cases. So GME stock price going down is what makes the warrants no worth right now, I would guess many sold the underlying stock held the warrants knowing they had this upside call ready so why leave capital tied up there.
[after I sold some PRU I bought the funds which keep that company as its hard to estimate future and gold is a ten year guess]

This whole secondary market is another level of complication and volatility but nice when it works out. Right now I had CNR who were taken over at year start and also I got some warrants from that? Gold has been good this year and imo future years so I'm hoping what I hold works out but I havent even looked at them properly in detail and it does show as zero worth now.
CNR was never a working mine just some nice drill results, very easily could have run out of cash, was very lucky. This gold dynamic is almost literally off the charts reflection of volatility and the Trump being a meme almost every day.

So looking at it now it seems CVR means Contingent Value Rights and if they find more then 800k JORC gold ounces on the volcano mines CNR had. They had a silver mine seized at some point. Theres endless detail but no working mine to these CVR paying out can take till 2035 in a positive scenario.
I've been waiting 14 years for EGO (EGF takeover) to setup europes largest gold mine in Greece, their JCBs were fire bombed at one point, So gold is a tectonic market, fast also very slow.

They needed 1bn to start the mine and each ounce is 1.6k to mine not cheap. The whole cash flow aspect is why EGO was so cheap and why its not expensive now. I know JII warrants was about raising cash, probably all of them.
The acquisition of Condor is for a total consideration of up to £90.1m, comprising £20.2m cash, £47.3m in new ordinary Metals Exploration shares and up to £22.6m via Contingent Value Rights, which will be settled upon certain milestones being achieved in the development of Condor’s flagship La India
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bliss said:
Think I need to diversify a little more as I'm around 7% down from the last few days. Probably need to take some positions in equities that are a little less volatile during market downturns.
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Yep I was literally back in the green for a day, with my fingers on the sell button to rethink my life, and here we go again, I assume until the china talks where it will all go amazingly or to utter carnage.

I
 
Trump might be inclined to cut a deal with Brazil, as they have some potentially very decent REE finds. Yes, Brazil is part of BRICS, but it's geographically "local" and Trump might do some quid pro quo on tariffs such as car imports etc, if he can get first dibs on their REE.

I have a small position in MEI, which is listed on the ASX, but the deposits are in Brazil.
 
#Chri5# said:
For once I timed something pretty well with all the squabbling about rare earth. Started buying into MKA (Mkango Resources) at the start of July. Share price is up around 280% now, hopefully still more to come (with the age old dilemma of when to take some profit)
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Rare earths arent rare, counterintuitive REE. Greenland has a lot of them, basic advice is get back your original money plus some for inflation this year then you are ok if this 'rare' market should be a bit lumpy. 90% of processing capability is within China
Elements like cerium, neodymium, and lanthanum are more common in Earth’s crust than lead or tin.
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silversurfer said:
Rare earths arent rare, counterintuitive REE. Greenland has a lot of them, basic advice is get back your original money plus some for inflation this year then you are ok if this 'rare' market should be a bit lumpy. 90% of processing capability is within China
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With all our net zero targets I don’t see us mining Greenland in any meaningful way
 
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