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Amplified In Both Directions! 🌊📈📉
ETF acquisition & rebalancing took some stocks on a rocky ride.
Wingman
January 30, 2024
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I made a little bit of a mistake with the voice modifier, as the software did not work, and I had to add it after the fact. It’s so bad, that it will probably stay unlisted, plus upon further snooping we found out why there was so much volume yesterday.
However, I did not want to do a retake because, when recording this rant, you get to see my honest reaction to some serious insider buying from a director of Lavras Gold.
I will continue to get better with time, but I hope you at least enjoy the content besides the audio quality.
Read below to learn why the hell there was so much movement going on with some stocks. .
POST VIDEO RANT
CHICAGO, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Amplify ETFs announced today it has completed its previously announced acquisition of ETF Managers Group (ETFMG) exchange-traded fund (ETF) assets, which consist of over $3.7 billion of assets under management (AUM) across 14 ETFs (as of 1/26/2024). Amplify ETFs will now manage $9.1 billion of AUM as of 1/26/2024.
This explains a lot of the movement that occurred yesterday.
A CEO directly affected by the rebalancing shared some insights on X yesterday.
If you observed heavy selling pressure or significant buying activity in some of your stocks, it could have resulted from one some ETFs rebalancing/changing ownership. This explains the substantial movements in Generation Mining and Chesapeake Gold that we discussed in our video.
Some companies were affected, creating a promising buying opportunity.
One company we liked and were surprised to see at C$1.00, was $FWZ. A good management team and story.
Take advantage of stories that you like which may have been affected by this rebalancing!
Generation Mining is a company in the orphan period of the Lassonde curve, where they only require the capital to start getting their Marathon Palladium-Copper project into production.
Yesterday, Nornickel announced that their palladium output was significantly down, especially in the last quarter of 2023.
In 4Q 2023, palladium and platinum production output amounted to 547 koz (down 17% q-oq) and 136 koz (down 15% q-o-q), respectively. All PGMs were produced from Company’s own Russian feed. The decrease in PGM production volumes was attributed to decreased mined ore volumes in second and third quarters. A recovery in ore production in the fourth quarter is expected to translate into an increase of PGM production in the first quarter of 2024.
In 2023, palladium output declined 4% y-o-y to 2,692 koz , whereas platinum increased slightly (+2% y-o-y) to 664 koz owing to changes in PGM ratio in the structure of processed raw materials.
$GENM was on a rip yesterday as it closed at $0.38 ⬆️ 0.125 (0.49%). This company was seriously undervalued.
$GENM sold their Davidson project to this company, and Moon River has been on a steady trajectory ever since. Yesterday, after close, the company made this announcement.
All 17 REEs were present in all 41 samples, with the following average grades:
Light Rare Earth Oxides: 93.57 grams/tonne
Heavy Rare Earth Oxides: 89.77 grams/tonne
Total Rare Earth Oxides: 183.34 grams/tonne
Tungsten: 0.084% WO3
Gallium: 19.7 grams/tonne
Light Rare Earth Oxides include Scandium, Yttrium, Europium, Gadolinium, Terbium, Dysprosium, Holmium, Erbium, Thulium, Ytterbium and Lutetium. Heavy Rare Earth Oxides include Lanthanum, Cerium, Praseodymium, Neodymium, Promethium and Samarium.
This is probably a company you've never heard of. Liquidity is limited, with approximately 75% of the shares locked up with management and the board.
Take a good, hard look at who is invested in this company. We quite like it, and Julian Treger is quite a successful individual to be the CEO of such a small company. Pay attention if you haven’t already.
"CoTec is expected to target one more potential technology investment during the first half of 2024 and potentially one more during the second half of the year. Additionally, the Company will focus on closing the value gap between the Company's share price and its intrinsic value and improving liquidity."
We said the industry isn't dead, but that doesn't mean it's efficient.
Peter Akerley, Erdene’s President and CEO stated, “We are extremely pleased to announce the formal commencement of construction at the Bayan Khundii gold project and the close of our Strategic Alliance with MMC, Mongolia’s leading publicly traded mining company. The Bayan Khundii gold mine is one of the highest grade, open pit gold mines under development globally and will be Mongolia’s largest gold primary producer when it reaches full production.”
$PHOS with another press release.
Field reconnaissance and sampling in the Larouche area also revealed high grade phosphate. As noted above, one sample returned 39.45% P2O5 (See Figure 2). This represents the highest ever phosphate sample found by the Company. The sample comes from an irregular layer found of almost pure apatite (the host mineral which contains phosphate). At this level of purity, the mineral would be considered DSO. Preliminary geological indications suggest that these layers could be flat-lying and therefore open at substantial potential depth. Other results from the samples in this area show high grade phosphate values up to 23.1% P2O5 (See Table 2). To date, field work has outlined phosphate layers of a length of up to 760m. The width of these layers is not fully known at this time due to their flat-lying geometry. Only further drilling will be able determine the full width of the layers. A drill permit application has been made for drilling in this area.
We will touch a little further on this in the accompanying video.
Not sure why this press release did not move the needle. There were some shallow drills with nice intercepts. Maybe it's worth looking into why.
Hole 23-SK-31 intersected 12,200 g/t (392 oz/t) Ag, 0.17% Co (12,264 g/t AgEq*) over 0.40 m within a wider zone grading 1,799 g/t Ag, 0.03% Co (1,810 g/t AgEq*) over 3.20 m in the Angus Vein (Figure 1)
392oz/t silver is meaty but over a 0.40-metre wide intercept.
One of the few royalty companies that are worth paying attention to.
Not certain why this press release was released. Essentially informing the market that the permit is being assessed by the National Service for Environmental Certification for Sustainable Investments in Peru (“SENACE”).
Ernesto Balarezo, CEO of Sierra Metals, commented, “Obtaining the permit will provide our Yauricocha Mine with access to large ore bodies thereby enabling the mine to achieve its full capacity by increasing its throughput by approximately 40%. Additionally, this will support the long-term continuation of Yauricocha where over 1,500 employees and their families depend on this operation as well as several local communities benefit from mining taxes provided by Yauricocha. With this permit in place, the Company will be able to execute its comprehensive investment plans, covering both operating expenses and capital expenditures, totaling nearly $1 billion over the next decade.”
The Company anticipates that once the Level 1120 permit is received, it can begin development and preparation work to start mining. The Company expects that it will take between six and nine months to reach full production from below Level 1120. Current estimates for capital required to begin mining below Level 1120 range between $3 to $4 million, which the Company expects to fund from existing sources of cash and working capital.
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