Author: evencio.alvarez14@gmail.com
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Notes From Call with FEX Chairman John Welborn
On Wednesday night, I had a call with John Welborn, Chairman of Fenix Resources (FEX). FEX is our iron ore producer, expanding production from 1.3Mt/year to 4Mt/year+. It also boasts a growing logistics business and port infrastructure assets worth more than the current market cap (excluding its net cash position). You can read our deep…
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Time To Lighten The Book… [Dirty Dozen]
“You become a big winner when you lose,” Dan says. “Everyone plays well when they’re winning. But can you control yourself and play well when you’re losing? And not by being too conservative, but trying to still be objective as to what your chances are in the hand. If you can do that, then you’ve…
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Things Aren’t Quite As They Seem…
Back in March following several hotter-than-expected inflation prints, it became quite popular amongst the pundit class to spread alarm over a reacceleration in inflation. We at MO took the other side of that trade and argued for a continued trend down below 3%. I’ll share what I wrote in our Collective Slack group at the…
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Andean Precious Metals (APM.V): Hunting For Value in Bolivia
Junior mining stocks are starting to break out. It’s about time for silver and gold prices to hit new relative and all-time highs, respectively. Soon, you’ll hear mining stocks pitched on CNCB. Of course, that’s when the trade will have run its course, the easy money already made, and the “smart” investors out with their…
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Fenix Resources (FEX): 900%+ Upside Potential in Iron Ore
At first glance, Fenix Resources (FEX) is a high-cost, single-asset Australian iron ore producer with a low remaining mine life (<4 years). And with a $150M market cap, most investors stop there and move on to the next idea. The good news is that they’re wrong. FEX is not just a single-asset producer of ~1.3Mt/year.…
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Boomerang Inflation… [Dirty Dozen]
“Poker isn’t just about calibrating the strength of your beliefs. It’s also about becoming comfortable with the fact that there’s no such thing as a sure thing—ever. You will never have all the information you want, and you will have to act all the same. Leave your certainty at the door.” ~ from the book…
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No Shorts Left…[Dirty Dozen]
View fullsize “I am very open-minded. I am willing to take in information that is difficult to accept emotionally, but which I still recognize to be true.”~ Michael Marcus In this week’s Dirty Dozen [CHART PACK] we discuss high-trend fragility mixed with supportive LT positioning. Walk through potential dangers lurking in record-low correlations, a bullish…
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FX Is Getting REAL In Brazil…[Dirty Dozen]
View fullsize “Understanding gambling games like blackjack and some of the others is one of the best possible training grounds for getting into the investment world. You learn how to manage money, you learn how to compute odds, and you learn how to reason what to do when you have an advantage. Gambling is investing…
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The Fed Is Behind The Curve… [Dirty Dozen]
View fullsize “It is essential “to seek facts diligently, advice never… Money managers have to account for their actions to their shareholders, which means they have an undue fear of underperformance. We invest only our own money. Our investment decisions are driven by optimism, not fear” ~ The Chandler Brothers In this week’s Dirty Dozen…
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The USD Is In A Major Squeeze… [Dirty Dozen]
View fullsize “At any moment of time there are myriads of feedback loops at work, some of which are positive, others negative. They interact with each other, producing the irregular price patterns that prevail most of the time; but on the rare occasions that bubbles develop to their full potential, they tend to overshadow all…