Watch some videos. Make sure your mold is hot before you pour. If there is moisture in it you can get hurt/killed. Safety first. Get a face shield, leather gloves and apron.
Grayson Scott
If you want to melt down silver, buy a separate crucible so you don't run the risk of lowering your silver's purity.
Isaiah Evans
Safety glasses
Owen Perry
Posting again since no one seemed to notice:
Given that first majestic just brokered a 70+ million deal with sprott, why has this not impacted their share price?
Do you think it was "baked in" or is it just not enough to affect the price? Or is this something that will have an effect soon in your opinion?
Would love to hear some opinions
Lincoln Hall
Eh, I figure I don't really wanna melt down my .999 silver when it's as pure as it is and has the nice shapes it does. What apron do you recommend? Am uni student, already have em.
Nicholas Lopez
What's the price prediction on silver if the shortage conspiracies are true?
Can't just expect news to move share price all the time, especially with one of the larger caps. What's going to drive the prices higher are new investors coming into the space as silver and gold prices go higher. Chances are a lot of people investing in silver miners already have shares of First Majestic anyway. It's great news in the long run so I don't care that share price hasn't moved. The day to day share price is all noise.
Austin Gomez
So you are saying that since they BRRRR'd the extra shares the price wont go up, and we are basically lucky it remained flat on the news?
How do you tell when new shares were issued? The news for FM just says sprott bought 78 million of the company
RE bayhorse: No hard evidence, but we have had a few tweets from people supposedly in the know saying it is good news. Maybe you are better at DD on financials then I am, but I dont see a reason why they would be announcing anything bad.
Henry Ortiz
bush league move
Sebastian Stewart
I agree that they are one of the bigger known miners, and garner a lot of attention, as well that long term they will do really well.
Im just trying to frame things in a play this week, not long term, but I suppose earning are out in a couple weeks, so maybe making this a month play at least isnt the worst idea with FM.
I can always put some in FM and some into bayhorse.
Luis Nguyen
Rookie move
Jordan Powell
IMHO the news is extremely bullish, and the fact that first majestic didn't pump on the news means that we are still in smart money phase.
isn't sprott an institutional investor, albeit a very PM specific, and forward thinking one?
Id say we are just now at the demarcation between smart money and institutional, but either way very early in the cycle.
Can you comment on how you know FM Brrrrr'd some shares up though? that is one piece of information I would like to know how to find, I cant seem to find good graphs that track # of issued shares over time.
Making week or month plays on juniors isn't the best idea with the extreme volatility in the sector. If you want to trade consider waiting for the breakouts to start then just start trading all the flags one by one, which have worked for me since about May. However charts do suggest that the best time for a long entry is right now if you missed the lows.
About Bayhorse: Pmg's obsession with the stock is unhealthy as it's still a speculative play on an indebted company who will dilute. Not saying don't buy the stock, I own shares, but the constant discussion feels like some lemmings shit. These are the same guys who shilled MUX without knowing who Rob Mcewen was, what the properties were, what the financials were, months after a 50% pump; they're all in the red. Don't buy everything you see here and spend actual time researching companies.
