Might be a decent play long term, but they diluted the heck out of it a couple months ago to raise 20 million and are still feeling the pinch of that. Smoking Fish rates it a proceed with caution.
GBA Presents: THE GREEN MARKET
- Thread starter stonedinvestor
- Start date
Price of copper at 10 year highs and expected to rise a bit next year. No reason to doubt that. Smoking Fish approval to go long granted.
"A bit"?!!!
Lol, which guru was that?
SCCO closed up almost 6% today.
It's so friggin' obvious.
Not only is demand gonna go thru the friggin roof assuming the world's EV aspirations begin to materialize, but in an inflationary environment, a commodity like copper is one of the best things in the world to own.
It's the perfect storm.
Think about what's coming.
Lumber quadrupled (+) in 17 months between Oct 2019 and May 2021.
To think commodities are slow movers is nuts.
Now, setting aside the points I made above regarding demand and inflation.... and I can honestly say I have never been to a copper mine... but I'm gonna go out on a limb here and say pulling that stuff out of the ground and transporting it from point A to point B... consumes a sh*t ton of diesel fuel.
This is not a cost a competitor can come in and undercut you with. For the most part, it's a level playing field rise across the board. Ie the price goes up even more. Worldwide.
Buy copper!
To think commodities are slow movers is nuts.
Now, setting aside the points I made above regarding demand and inflation.... and I can honestly say I have never been to a copper mine... but I'm gonna go out on a limb here and say pulling that stuff out of the ground and transporting it from point A to point B... consumes a sh*t ton of diesel fuel.
This is not a cost a competitor can come in and undercut you with. For the most part, it's a level playing field rise across the board. Ie the price goes up even more. Worldwide.
Buy copper!
Keep an eye on FCX. They report next week. Could be, should be a nice earnings beat. 40+ is doable
These miners all have tons of debt.
Freeport's an elephant. They all are.
They'll be scrambling to beat the bottom-line estimates this time around. Fuel and labor will sting unless they revised, but you can bet they'll beat on top.
Without doing some serious historical dd on these things, I'm not sure what the best play is.
That SCCO was the closest I could find to a stock that wasn't too laden with other bs, albeit I'm sure they have more than their share.
Copper mining comes with a lot of environmental issues, and this Administration lol.... yeah... AOC wants to electrify the world.... but I'm sure she's not on the side of the evil miners. Just a hunch.
We'll get rainbows and and sprinkles copper to make it all happen.
Stoney!!!!!
Remember when I said that Banksy painting that was estimated to sell for $5M was a good deal even thought it had originally sold for $1.4M and you mocked me?!
+++++++++++++++++++++++++++++++++++++++++
Shredded Banksy artwork sells for $25.4 million at auction
By JILL LAWLESS October 14, 2021 GMT
LONDON (AP) — A work by British street artist Banksy that sensationally self-shredded just after it sold at auction three years ago fetched almost 18.6 million pounds ($25.4 million) on Thursday — a record for the artist, and close to 20 times its pre-shredded price.
“Love is in the Bin” was offered by Sotheby’s in London, with a presale estimate of 4 million pounds to 6 million pounds ($5.5 million to $8.2 million).
After a 10-minute bidding war involving nine bidders in the saleroom, online and by phone, it sold for three times the high estimate to an undisclosed buyer. The sale price of 18,582,000 pounds ($25,383,941) includes an auction-house fee known as a buyer’s premium.
The piece consists of a half-shredded canvas in an ornate frame bearing a spray-painted image of a girl reaching for a heart-shaped red balloon.
When it last sold at Sotheby’s in October 2018, the piece was known as “Girl With Balloon.” Just as an anonymous female European buyer made the winning bid — for 1 million pounds ($1.4 million) — a hidden shredder embedded in the frame by Banksy whirred to life, leaving half the canvas hanging from the frame in strips.
+++++++++++++++++++++++++++++++++++++++++++
-le savante <---------
Remember when I said that Banksy painting that was estimated to sell for $5M was a good deal even thought it had originally sold for $1.4M and you mocked me?!
+++++++++++++++++++++++++++++++++++++++++
Shredded Banksy artwork sells for $25.4 million at auction
By JILL LAWLESS October 14, 2021 GMT
LONDON (AP) — A work by British street artist Banksy that sensationally self-shredded just after it sold at auction three years ago fetched almost 18.6 million pounds ($25.4 million) on Thursday — a record for the artist, and close to 20 times its pre-shredded price.
“Love is in the Bin” was offered by Sotheby’s in London, with a presale estimate of 4 million pounds to 6 million pounds ($5.5 million to $8.2 million).
After a 10-minute bidding war involving nine bidders in the saleroom, online and by phone, it sold for three times the high estimate to an undisclosed buyer. The sale price of 18,582,000 pounds ($25,383,941) includes an auction-house fee known as a buyer’s premium.
The piece consists of a half-shredded canvas in an ornate frame bearing a spray-painted image of a girl reaching for a heart-shaped red balloon.
When it last sold at Sotheby’s in October 2018, the piece was known as “Girl With Balloon.” Just as an anonymous female European buyer made the winning bid — for 1 million pounds ($1.4 million) — a hidden shredder embedded in the frame by Banksy whirred to life, leaving half the canvas hanging from the frame in strips.
+++++++++++++++++++++++++++++++++++++++++++
-le savante <---------
Stoney!!!!!
Remember when I said that Banksy painting that was estimated to sell for $5M was a good deal even thought it had originally sold for $1.4M and you mocked me?!
+++++++++++++++++++++++++++++++++++++++++
Shredded Banksy artwork sells for $25.4 million at auction
By JILL LAWLESS October 14, 2021 GMT
LONDON (AP) — A work by British street artist Banksy that sensationally self-shredded just after it sold at auction three years ago fetched almost 18.6 million pounds ($25.4 million) on Thursday — a record for the artist, and close to 20 times its pre-shredded price.
“Love is in the Bin” was offered by Sotheby’s in London, with a presale estimate of 4 million pounds to 6 million pounds ($5.5 million to $8.2 million).
After a 10-minute bidding war involving nine bidders in the saleroom, online and by phone, it sold for three times the high estimate to an undisclosed buyer. The sale price of 18,582,000 pounds ($25,383,941) includes an auction-house fee known as a buyer’s premium.
The piece consists of a half-shredded canvas in an ornate frame bearing a spray-painted image of a girl reaching for a heart-shaped red balloon.
When it last sold at Sotheby’s in October 2018, the piece was known as “Girl With Balloon.” Just as an anonymous female European buyer made the winning bid — for 1 million pounds ($1.4 million) — a hidden shredder embedded in the frame by Banksy whirred to life, leaving half the canvas hanging from the frame in strips.
+++++++++++++++++++++++++++++++++++++++++++
-le savante <---------
There's a song for the buyers of his artwork.
Stoney!!!
I'm delivering one week 10% gainers hand over foot and you're giving us dogs like the JOAN, TCS, ATOS etc.
You're gonna have to step up the game a little or I'll have to go with Yulia's advice and take the Goldman offer, as much as I love GBA.
DOMO
$81.34 ------>$89.36
DOMO Goes To Space!
In a rush today going to try and bust out to Ct telling my kid when he wakes up for school that he feels under the weather....
In a rush today going to try and bust out to Ct telling my kid when he wakes up for school that he feels under the weather....
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