FazMata

@infraa_ @EOTW2024 What's your outlook on gold and equities with this view?

@EOTW2024 Not sure, but I increasingly don't really care if the 30Y goes to 5.1 or 5.3 before it ends up happening Because within a year, it'll be back to ~1.5%

Japanese bond yields are absolutely soaring, now up 7bps to the highest since May 1997 Highest level in 29 years Net importers of energy are getting absolutely hammered, but as I've been pointing out recently: If you're looking for a crisis, it'll come out of UK not Japan

@RazorOil Is this applicable in other areas of the world? US shale, Venezuela…

In Alberta, 80% (135B barrels) of the oil sands are buried too deep below the surface for open pit mining and can only be accessed through in-situ methods such as Steam Assisted Gravity Drainage (SAGD). With the SAGD technique, a pair of horizontal wells, situated 5m above the other, is drilled from a central well pad. In a plant nearby, water is transformed into steam which then travels through above-ground pipelines to the wells and enters the ground via a steam injection (top) well. The steam heats the heavy oil to a temperature at which it can flow by gravity into the producing (bottom) well. The steam injection and oil production happen continuously and simultaneously. No fracking required. 🫡🪒

@RiverrSavage @aakashgupta It’s the other way around drop the fluoride and keep the hydroxyapatite. Xylitol helps as well

@aakashgupta Could anyone explain if hydroxyapatite toothpaste is necessary or is fluoride sufficient ??? I spent extra recently on hydroxyapatite toothpaste after reading about it

Toothpaste needs 30 minutes to do its job. You rinse it off after 2. Your enamel is made of a mineral called hydroxyapatite. It dissolves whenever the pH in your mouth drops below 5.5, which happens every time you eat or drink anything acidic. Coffee, citrus, soda, bread, even the bacterial fermentation from last night's dinner. Calcium and phosphate ions leach out into your saliva. Your mouth is in active demineralization right now if you ate breakfast. Saliva pulls those minerals back over the next 30-60 minutes. That's normal repair. It rebuilds the same hydroxyapatite that just dissolved at pH 5.5. Fluoride changes the chemistry. When fluoride ions sit on the enamel surface during the rebuild window, they swap into the crystal lattice in place of a hydroxyl group. The new mineral is called fluorapatite. Critical pH drops from 5.5 to 4.5. Solubility is roughly 10x lower. The tooth that grows back is harder than the one that was there. Adult toothpaste sits at 1,450 ppm fluoride. The instant you rinse with water, salivary fluoride drops by roughly 2.5x. The 30-minute substitution window collapses to a few minutes. The active ingredient goes down the drain. The UK's official dental guidance is "spit, don't rinse." Pediatric dentistry researchers attribute up to 25% less decay to the habit change. Spit. Walk away. The chemistry runs without you.

@aakashgupta Just use Nano-hydroxyapatite (nHA or HAP) toothpaste which rebuilds your enamel. Xylitol for bacteria which causes cavities. Avoid fluoride.

@J_M_G_B_ @hungryhypo1 Biggest risk for PBR is Brazilian elections this year. How subsidies are handled for diesel will have an impact on PBR results

@hungryhypo1 Good point: thanks I am no oil expert, but want profitable energy exposure whilst minimizing geopolitical risk…

Oil majors : relative profitability 👇 Long $PBR *Compiled by Gemini

@jordan_ross_8F HERMES

The agency owners who figure out Hermes in the next 90 days are going to look like geniuses in 2027. The problem is most agency owners don't have time to figure out the install, where to start, or what to actually hand it first. So my team built an 83-page playbook that does it for you. Inside: — The 5 daily prompts that turn it into a second brain — Plain English setup for Mac, Linux, and Android — How to lock it down without torching client data — 8 copy-paste workflows across reporting, outreach, sales, and ops — The cron trick that drops token spend by 90% Your competitors are sleeping on this. Comment HERMES and I'll send it.

@calvinfroedge Freight costs and lack of ME buyers due to war

Sugar is cheaper than before the war started Brazil is the #1 sugar producer and most producers are switching to ethanol This market is just completely irrational

@RealPeterLinder Thanks for pointing out the opportunity with $VLE. I've bought $VLE and $SU though I'm wondering how much weight to give both currently 2.5% and 5%. I'm not such a fan of chasing such momentum

It behooves me to repeat that $VLE’s prod. is 100% crude oil (22,000 b/d), totally unhedged and receives the Dubai oil price which currently is $135. $VLE is about to drown in FCF and is the most undervalued oil producer. A likely double in a year Ok, no more $VLE comments today

@AndersSjastad Any concern about diesel shortages in Australia for EQR?

Got #tungsten? $ALM $GMET $EQR and the jewel #HesperianMetals

@DarioCpx The LME also cancelled trades which occurred during the spike

In case you aren’t familiar with what happened to Nickel in 2022 when a large commodity broker from China built a very large short position through JPM and he didn’t have enough nickel to deliver, here is the chart. - just a FYI

@LaurenceRHunt @PatagoniaGold Awesome. How'd you find it so early?

I have held @PatagoniaGold for years, originally bought at 3c, I'm presently in at 15c.

@DarioCpx Any thoughts? More refining throughput and rid control. Also scrap x.com/silverdegen/st…

Am I the only one smelling rotten fish here? Not the first time media agencies reach out to large accounts and pay for very timely posts to control social media narratives (on behalf of financial institutions interested in driving a price in a direction or another)🤔

@world_of_pies @ABridgen Did you miss the part about Event 201? Perhaps a quick google search would help along with looking at similar table top exercises

@ABridgen Sorry, why do you assume this is planned and deliberate? Why do people just accept these conspiracy theories at face value?

As predicted in operation ‘Pegasus’ earlier this year, they now tell us that children will be the victims of the new strain. Just like event 201 before Covid 19, it is all planned. All this following the mass vaccination of children against flu.Safe and effective ?

@BenniKim Wasn’t the argument that the Libyan rebels were the recognized government of Libya and therefore funds were released to them as Libyans

🇺🇸 US releasing Gaddafi’s money to Libyan rebels (2011) vs 🇪🇺 EU releasing Russian state assets to Ukraine (2025) In 2011, during Libya’s civil war, the US and allies froze tens of billions in Libyan state assets — and then released portions of those frozen funds to Gaddafi’s enemies, while the war was still raging. Key example: ➡️ Aug 2011 — the UN sanctions committee approved the unfreezing of ~$1.5bn in Libyan funds held by the US and UK. ➡️ The UK physically airlifted newly printed Libyan dinars (hundreds of millions of dollars) to territory controlled by the National Transitional Council (NTC) — the rebel government fighting Gaddafi. ➡️ The US explicitly stated frozen Libyan assets would be earmarked for the NTC after recognising it as Libya’s “legitimate authority.” This matters because it contradicts a popular narrative from Russian apologists and loud MAGA simpletons on Twitter: ❌ “Only direct parties to a war can seize or redirect enemy assets.” ❌ “Frozen assets can’t be given to the opponent without ending the international system.” In Libya, countries that were not direct belligerents froze Libyan sovereign assets and transferred them to the side they preferred, during an active conflict, many months before Gaddafi's demise. Funds can be released, even during a conflict. It is neither unprecedented nor illegal.

@calvinfroedge Brazil?

Probably going to move some more USD cash into Australian dollars One of the strongest currency outlooks in the world and decent interest rate

@MasterMetals @VizslaSilver There seems to be comments stating that this replaces the Macquarie project finance facility announced in September. But this news release doesn't mention the Macquarie facility and seems to be complementary. Is that your understanding?

$VZLA prices USD 250MM convertible note offering at $5.84/share, 5% interest rate. ~43-51MM shares to be issued upon conversion… @newswire/vizsla-silver-announces-pricing-of-us250-million-convertible" target="_blank" rel="nofollow noopener">ceo.ca/@newswire/vizs…

@bruce_mcgonigal I’m curious why would current owners continue to pay their mortgage. Everyone is in limbo. Banks can attempt to foreclose. Can they seize other assets? I’m not Canadian but are these loans personal or non recourse secured by the property?

Remember when David Eby said he had no idea if property owners were unable to get mortgages in Richmond BC after the Supreme Court of British Columbia ruled in favor of the Cowichan land title claim? 10 lenders so far are refusing to provide mortgages.

@FitFounder Walk

I created a free guide on the walking protocol we use to help our clients burn belly fat. Follow me and reply to this post with "WALK" and I'll DM it to you for free.

@NeilRingdahl Thanks for the work and great explanation

Following on from my poll👇 I did some comparisons of the top 18 gold producers with combined market cap of $247 billion, and came up with some interesting results that I hope you'll find useful. Figure 1: a) Considers Q1 2025 on Q4 2024 production, AISC & Operating Contribution or my calculation of :- (Average realized gold price - AISC) x production. Note this number is theoretically how much cash each companies mines produce before corporate O/H's & other fancy, nasty, financial fu, things like changes in WC. Its not bottom line, but if the bottom line is markedly different, it would be worth looking into why that may be on a case by case basis. b) I prefer consecutive Q comps rather than YoY b/c the latter is too far apart & seasonal variances shouldn't apply to multi mine companies. c) I sorted the list by AISC in Q1 (Column 4), with lowest AISC rank shown on the far left of the figure & the size of the production in the adjacent "Size Rank" column. The top 4 lowest AISC producers are interesting, with $LUN, $EVN, $EDV, $AEM being at th top as expected. That said, while AISC is a great measure, it is not the bees knees 😜 in my humble opinion.⬇️ d) Note carefully the quarter on quarter % variances on production, AISC & operating contributions because it paints a slightly different picture. For example Lundin gold's production dropped by 10% (Column 5) with a 3% increase in AISC (Column 6), but this had negligible impact on the operating contribution (Column 9) thanks to a 9% increase in the gold price (see top of table) over the same period.🫤 e) For a 9% increase in realized (average) gold price between Q4 and Q9, the total operating contribution of all 18 producers only increased 4%! 🤨 This was due to a 11% reduction in oz produced and an increase in AISC. Draw your own conclusions, but it suggests to me that these mines were less efficient in Q1 than they were late last year - probably fudging figures trying to make 2024 guidance! 😜 Also look at Equinox, which did a fantastic job at reducing their AISC over the period and showing the highest margin improvement, still nevertheless have a very high AISC in Q1. So is it really a good buy vs. the others? If you expect further large AISC reductions, then maybe, yes. So in case you did not notice, I really like to use my metric of operating contribution to evaluate gold miners, in fact any miner. When sorting the list by operating contribution, the ranking ( $NEM, $AEM, $AU, $B, $K, $GFIJ, $EDV, $NST) quite closely follows that of the size ranking -not surprisingly- given the more you produce the more you gonna make. Figure 2, expanding on fig 1: f) Sorted this list by Column 15 - the Operating Contribution/share, we see a rather different top 10 than in Fig 1, barring a few. Undoubtedly better than ranking by operating margin alone, here we have taken into account different numbers of shares out & different MC's, which skew the numbers quite a bit. I used the close of market numbers on the 28th June and adjusted the share prices of Canadian, Australian & South African stocks to US$ equivalent using FX rates on the same day. g) Note Column 16 shows the Q1 2025 operating contribution +/- % against the previous Q. Red numbers are companies that ended up with a lower operating contribution. Figure 3, forward looking numbers: Here we look at Q1 2025 Operating contribution -per $ of your invested money and -See what happens if said companies meet the median (mid point) of their 2025 guidance & also look how they are tracking against this guidance. h) Column 17 simply is the Operating contribution divided by the market cap. It represents how much money the sum of individual mines make for every dollar you invested had you bought the stock on (28 June) for Q1 2025. i) Columns 18 & 20 is the median guidance for production & AISC by company with Columns 19 & 21 showing you the variances around the median be within upper (+) or lower (-) company guidance. j) Column 22 is my calculation of Q1 actual performance (Operating Contribution) multiplied by 4 to project a full year. Quite a few companies normally have a slow 1st quarter so this may represent a lower case projection for the year. k) Column 23 is what my calc of the operating margins are at median guidance using my 2025 realized gold price estimate of $3,300/oz. Impressive all round, with Newmont almost reaching $10 billion! l) But that's all fine and very well - Newmont shares don't cost peanuts compared to other stock in this list, so I have included the metric per share (Column 25), per oz produced (Column 26), and per $ you invest in each stock (Column 27, and the list is sorted & ranked by this metric). Use the one you prefer. m) Amazingly, ranking by operating margin/$ invested the list changes a lot, with B2 Gold coming out tops, followed by Harmony & Endeavour. I was a little perplexed to see my favorite stock $AEM well down in the rankings 😯, but this concern is offset somewhat when I look at the number of companies are tracking poorly against guidance so far (Column 24). This is important, because we all know companies can miss guidance, and in particular B2gold seems to be among those off guidance by the most, admittedly after only one Q but still. After Q2, the numbers will settle down a bit more I hope. n) That said, I am going to be adjusting my portfolio over the next few days to reflect the rankings in Column 27, being careful to avoid most of the red in Column 24. Lastly, Figure 4 is simply a list of the guidance numbers for your reference.

@2_contango pbs.org/wgbh/frontline…