From yesterday’s Junior Mining Network
Going to be looking at Uranium Stocks, in the past Uranium One was a good play, knew one of the former directors. But uranium fell out of favor. Why now?
On the royalty streaming companies, Rob McEwen is decidedly opposed too companies(those that finance this way) doing that ,as they’re selling themselves short on any future profits. Don’t get him wrong, he’s invested in a royalty streaming company, just the other side of the equation are locking themselves out of future positive developments in gold. FWIW
I tend to agree, but very few companies have a strong enough shareholder base or access to debt financing to bring projects on line. If you can finance projects in other ways, it is preferable, but not many can, hence the proliferation of streaming companies.
I had some other gold stock a while back that got absorbed into mux. I am still in the red with that but it is good to see mux coming back up.
Does anyone know anything about FFMGF?
First Mining Financing. $0.30 It is accumulating distressed mines at bargain prices to hold (bank) until minerals prices recover. It is a new Keith Neumeier project of First Quantum and First Majestic fame. They are backed with funding from Majestic. Seems like a pretty clever hedge.
Stumbled across this and really curious what anyone might know about it. Doc? @brecciaboy
I’ve been reading up on the uranium market for a year or so now. Only recently have I started taking some small positions though. I’m mostly going to use the URA etf as I don’t have the knowledge still to really analyze individual companies well. It’s my understanding that many reactor have supply contracts that go out 5-10 years, lots of which are expiring this year so lots of new supply contracts will be written this year which should have an effect on price. It’s just insane just how out of favour the uranium sector is right now especially when you compare it to 9-10 years ago when their was a shortage of uranium.
Good presentation, but then I’m biased
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And watching the MDMN board that’s another reason why too diversify. People are WAY too wrapped up with that one stock IMO. Everyones trying to hit a homerun with one up at the plate. Frankly its not worth the stress…there’s some good PM prospects out there with real management, maybe not as exciting properties , but I’d take a well run outfit over this gong show that’s been going on for the 15 years I’ve been here. JMO
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i dont know anything about this company, but look at the financing, .05%, yes convertible, but rasing $50+ million for a company with a market cap of $60 million is amazing
I actually owned that stock a few years ago, did a quick flip on it. FWIW
Hey ya’ll I’m a 3 year Canadian shareholder in MDMN and fairly young on the trading scene. I’ve been having fun and success trading swings (between $6.60 and $7.50 a share) in the gold mining PVG.TO SP as they are still 6 months/year away from huge production. Anyone have any other successful and consistent swinging CANADIAN mining stocks or ETFs to suggest? Or any other promising CANADIAN stock/ETF (maybe a double or triple CANADIAN oil ETF?) in mining or other sector? I want to keep my funds in Canada to save the headache of currency conversion. Thanks!
I had some Silver Wheaton, SLW, not sure of their canadian symbol. I only got out because the div created a tax witholding complication since I’m in USA.
Not investing advice, just saying I was there!
Might look into First Majestic. or Keith Neumeier’s new First Mining Finance to see what that’s about. Probably not for swing trading as he’s banking prop. for future sector recovery.
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Thanks! I’ll add these to my list of considerations 
the mineral bank looks like it could be a fun one to play as they are not in production yet.
Actually, I think they are distressed producers or explorers he’s buying at fire sale prices.
You know one of the problems with us middle aged males, is we can see retirement looming on the horizon and start worrying about having enough money. So what do we do? We try and hit a homerun with one stock… one runner instead of concentrating on singles and doubles to advance the runner and score. I’m much less focused on Medinah these days and concentrating more on my other stocks that move with the price of PM’s. Just my 1.5 cents worth
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I regret being so heavy in MDMN; especially since its at such a lower price today. Somewhat youthful mistakes I guess. Working on a much broader PM and uranium-based porfolio now.
We need a leader.
As I remember Karra was brought on board based on the resume below and most importantly as a shareholder advocate and to improve shareholder relations. The most important isn’t happening. Secondary is a seeming lack of experience in finance , accounting and the markets. That’s a bad hire. No offense intended. I’m sure he is a good and intelligent person. Well qualified for positions other than the CEO of and up coming JR Mining Co dealing with South American Mining Sharks.
We need a CEO that has a proven track record with a successful Fortune 500 or better company. Find him and pay him. It’ll be worth it in the long run.
Thing about it Chapin.
President and Chairman
Mr. Karra is a results-oriented business executive with over 25 years of proven global leadership expertise in corporate strategic operations, client engagement, program and project management, executive and corporate coaching and mentoring. His Industry expertise is in the areas of: Management Consulting, Consumer Package Goods, Software, Social Media, Information Technology, Healthcare, Finance, Mining, Telecom and Infrastructure Capital Projects.
He has a proven track record of producing superior results. He has consulted with and advised companies from startups to Fortune 500 companies. Some of the companies he has worked with include: Accenture, American Express, AT&T, Microsoft, Dell, Coca Cola, Morgan Stanley, Port Authority of NY & NJ, Giants Stadium and the State System of Higher Education PA. He has an undergraduate degree in commerce. B.Com from India and has attended to an executive general management program from the Wharton school of business.