>>22561309The wonders of leverage my fren. I would have much less positions without credit.
By the way, I also see a bottom in Hot Chili and Libero Copper. Copper stocks may have found their bottoms. Maybe. Hot Chili dumped by -50% within like two weeks so I bought. I talked with the CEO and I like that they have the only permitted water desalination project in Chile which they can monetize for financing or JV with majors looking to develop their own copper projects in Chile, since miners are not permitted to use scarce groundwater in the arid Atacama. He also pointed out their team's success in building relationships with the locals which allowed them to option a new concession with a known discovery recently (La Verde) which should help increase the tonnage and get the mine life and NPV up. The capital efficiency leaves a little bit to be desired but it's one of the few major copper projects of the world in junior hands and trading at a pittance.
Libero is trading even lower because they have a project in a Colombian rainforest which used to be a forest reserve, but isn't anymore. Frank Giustra has been going balls in there and I have also taken a speculative bet there since it's a large and known copper resource, even though it is in a sensitive area.
