It's hard, Bill. I spend most of my days reading thru Presentations, Financial Statements, play back recorded talks given by CEOs, listen to what other analysts think. Maintain my own spreadsheet of 100 companies and multiple metrics. I've a brokerage account that is dedicated to these Jr resource stocks. Success has been hit-or-miss and plenty of underwater positions. If you'd told me in Sept that gold was going to run from 1820 to 2000 in October alone, would've loaded the boat. And that would not have helped! Most stayed flat or even went lower. The other problem is liquidity. There are a few NYSE-listed companies but most are either OTC or Pink sheets. So when you want out, or if there's a stampede to get out, you will not get your price. And so it goes...
@auaggoldbug4151
9 ай бұрын
It's easy, Bill. Forget individual miners. Learn to trade options, much easier than pouring over financial statements. Then buy a couple calls on mining ETF's, if it works take your profits and buy more calls. It's called pyramiding, of course TIMING IS KEY. I suggested this method to you years ago and you asked Nick Santiago about it. IMHO unless your Rick Rule don't mess with the penny dreadfulls. Just amplify by pyramiding a basket of miners
@conradlohutko4930
9 ай бұрын
In 60 years of investing in junior mining stocks, I have had only two ten baggers. Two X and three X are more common. Five X gains are dreams. The 40 percent loss rate is true.
@Insane_Lithium
9 ай бұрын
One - if not the - most important educating Video i have ever watched. I wish I was that clever 4 years ago. Bill, literally put all the learnings together. Thank you
@robovs1
9 ай бұрын
Thanks so much Bill!! Found your channel just recently and have been soaking it up! Like so many others, I've lost way too much before I re-hooked up with a longtime friend who has been trading the Venture Exchange for more than 35 years having started as a Board Runner on Vancouver's Venture Exchange. His biggest lesson was teaching me how to take profits. My method was waiting for the grand slam and like you said, after seeing a stock appreciate 10 or 20 fold, we want more (greed), don't take profits and end back at break-even or sometimes under water. I've learned even more since discovering your channel so thanks once again for helping and pushing us to do our own due diligence. It is so crucial, as is timing and experience. Thanks for sharing yours with us. Time to subscribe.
@danodco
9 ай бұрын
I was wary about investing in general because I knew that there are games being played by the insiders but am not able to understand or get some visibility in them. I think this is crucial for any investor and the example of the investment bank was one such incident. This info is very difficult for a amateur investor to discover, let alone understand. Please keep making more videos on such topics
@AusValue
9 ай бұрын
You give good advice… but sometimes an opportunity pops up which just makes so much sense to throw heaps of money at it. I bought a small cap gold miner back In March with a large amount of my net worth. Had a market cap of 90 million, 50 million cash in the bank and 250 million processing mill + 150 million in gold assets. It’s now expanded its resource but the risk reward always made sense. I’ve 4 bagged my investment and I think there is more to come
@MiningStockEdu
9 ай бұрын
Congrats on having the courage to make a big bet on what has turned out to be a winner. Those can be life-changing. I share my thoughts on when to bet big in this monologue: kzitem.info/news/bejne/sG-PnYOAo4x_nqg
@orwell9579
9 ай бұрын
I consider myself lucky being under water 'only' 30% on my junior pm portfolio. Truth is you can never be 100% sure how a promising story is going to play out. Apart from macro and company specific characteristics, there's also a great deal of luck involved but hardly anybody dares to mention that.
@dwd58
9 ай бұрын
Thanks for all you do for us, BIll !
@greensquirel7588
9 ай бұрын
Listen folks, in normal circumstances he's right that junior mining companies do often fail, due to incompetent Mgmt teams and especially the forced ESG garbage that drains valuable resources away from the primary goal of the bottom line. However we are in the Early stages of a 70's repeat, where juniors exploded 15-30k% because when the FOMO crowd rushes in, as Gold explodes past $3k, 80% of that crowd won't have a basic understanding of the precious metals mining fundamentals and won't care other than the fact it's Gold & Silver they are mining...It's basic human nature that has happened throughout mankind's history...When there is a Gold Rush, everyone wants a part of the potential riches. The only person who gets rich in a Gold Rush, is the guy who sells the picks, axes, and shovels...Lion One Metals, and Discovery Silver are my two best bets Junior companies that have great potential of serious gains of 5-10k% gains when Gold-Silver explodes in the next 3-5 yrs...
@kevingartling4311
9 ай бұрын
Appreciate the wisdom!
@martinchoi4954
9 ай бұрын
Once again, thanks for sharing your learnings, this was a great educational video, Bill. Cheers!
@benlamprecht6414
9 ай бұрын
Thanks for yet another excellent video
@BlainsTube
9 ай бұрын
Yikes Bill! Don't hold back on us, just lay it out there. Very sobering, but needed, information.
@ChrisGrande
9 ай бұрын
This is a tough sector indeed. I pulled away. Some successes kept me around long enough to lose on the margin. But the biggest loss is mental capital wasted that could’ve been used on finding better ideas across the market. I do think the diligence put in by people in this sector could make them successful researching other areas.
@socalsilver6397
9 ай бұрын
Most lose money in my experience. Usually use my jr co’s for tax loss. 50%+ turn into 💩. A couple names here and there do great over a period of time. Usually a long period of time, 5+ yrs. Gotta bet pretty big to win big. Lastly, it’s better to own a lot of shares of a few companies vs a few shares of a lot of companies. Thx Bill. Always useful information 👍🏼
@MineralMavenn
9 ай бұрын
Hey Bill. Really enjoyed your video on the challenges junior mining investors face. Got me thinking about Fuse Minerals, a junior mining company based in Australia gearing up for an ASX IPO. It'd be awesome to hear your take on them in a dedicated video - maybe explore how they're navigating potential pitfalls. What's your perspective on Fuse Minerals? Thanks, looking forward to it!
@robertkoehler1641
9 ай бұрын
Excellent advice Bill. Reality setting in is often very hard to see for many.
@dave8212
9 ай бұрын
Thanks Bill, awesome content, wish I'd seen it 2 years ago ! 😉👍🏻💛
@ThinkForYourself8258
9 ай бұрын
Thanks for all the great content, your time and effort that you bring to us all. It is highly appreciated.
@conradlohutko4930
9 ай бұрын
In my comment on success rate over 60 years, I need to explain my family background. My father was a gold and silver bullion dealer and my stepfather was the President of International Copper Research Association. They taught me almost all I know. So, I am from an insider background and still only have a better than average success history. My point is to be very wary because the governments in mining countries are capricious and often do not understand the risks in mining. The management of mining companies often are not knowledgeable of project financing. Most projects do not have economical deposits and use smoke and mirrors to promote the deposit.
@under49ers79
9 ай бұрын
Thank you!
@MiningStockEdu
9 ай бұрын
Hope all is well with you Jason. Cheers!
@auaggoldbug4151
9 ай бұрын
@@MiningStockEdu It's easy, Bill. Forget individual miners. Learn to trade options, much easier than pouring over financial statements. Then buy a couple calls on mining ETF's, if it works take your profits and buy more calls. It's called pyramiding, of course TIMING IS KEY. I suggested this method to you years ago and you asked Nick Santiago about it. IMHO unless your Rick Rule don't mess with the penny dreadfulls. Just amplify by pyramiding a basket of miners
@pibbz13
9 ай бұрын
After hearing all this, ETFs probably looks like the best solution for most investors :D
@mgr8440
9 ай бұрын
Thank you Bill. It’s a tough environment for small and microcaps at the moment. One should focus on those who don’t overdo their debt levels. The high interests rates will bury them. Chris Harvey, the Wells Fargo strategist said today on CNBC, that value stocks and small caps simply won’t work in this environment but that is true for those who have very high debt levels
@robrol8365
9 ай бұрын
Always thought a gambler was the same as a speculator, the TSX-V is at his lowest since the last 20 years, funds are selling their risky stocks, shorting these stocks when they're going down is killing the juniors stocks, sad !!!
@drslumpi
9 ай бұрын
thank's Bill !
@NiklasMatteo
9 ай бұрын
The struggle is real. Your video was quite interesting, as I just got into junior mining and came across Fuse Minerals. They're launching an IPO on 18th Dec. Applications are already open. Any chance you'll do a video about them soon?
@arziFu
9 ай бұрын
This is a really great video, listening it again to recap. Thanks!
@CHRXIND1
9 ай бұрын
I spent more on schedule vehicle maintenance this year as opposed to selling select juniors for a loss. I have two aggravating positions as of now; Franco Nevada and Orla. Both of these are current victims due to so-called Panama political ramifications. My due diligence summary is China intervention. One discipline I use is to initially investment by a small share count, and following up on published data, insider buying etc., then either add or sell out. For the two I mentioned, I will hold for now, perhaps add. Franco will survive, Orla's Panamanian project is still in exploration and not production and should they have to leave Panama I believe the company can recoup acquisition and to date exploration cost, though time will tell should they have to pivot.
@covenant-exe-apo
7 ай бұрын
de risking for me is put asks that cover my initial investment than put ask at the 5x and 10x and sometime 20x up to fantasialand
@DaniielPatrick
4 ай бұрын
Great insights! 💡Have you considered exploring the potential of Cobre ($CBE) in one of your future videos? Its unique approach could shed light on overcoming some of the pitfalls you've discussed. Would love to hear your thoughts on it!
@marcinkrasnowski5767
9 ай бұрын
Hey there😊 what is that mysterious company name that can potentially do 30x the investment? I’d love to speculate on that! Thank You!
@robertdagge200
9 ай бұрын
The problem is you join these expensive subscription sites exactly so you have the 'experts' do the work instead of you yourself. And charge heavily for it. They supposedly have the knowledge that you don't.
@usewhatyouhave6975
9 ай бұрын
Because junior mining stocks beat you down like Nothing else! You have to have the patience of a monk and nerves of steel.
@dumaup7661
9 ай бұрын
Any update on trillion soon?
@orwell9579
9 ай бұрын
Echelon set up a great robbery there. Only thing one can do is averaging down buying at 30ct and hope for the best. But I completely understand shareholders that throw the towel on this one.
@MiningStockEdu
9 ай бұрын
As of the Echelon announcement this past Friday, TCF is no longer an MSE featured company.
@MickB52s
9 ай бұрын
set the stop loss
@kipnich
9 ай бұрын
What a ride.
@oneclickandclosed
8 ай бұрын
So how's Trillion Energy working out for you according to your rules???
@goldismoney5899
9 ай бұрын
In my opinion, it is a waste of time for the average retail investor to buy junior miners. Even the so called "experts" have a terrible track record. With a competently corrupted financial market that is manipulated and skewed against metals, you are almost guaranteed losses. You are better off buying mid tier or higher on the mining food chain. I have chosen to put most of my investments in mid tier miners with producing mines. A stock like EXK, AG, MAG, FSM could easily see 4,5,6 fold when the FED's Ponzi starts to collapse and metals rise. They do NOT have the risk of a junior. They are unlikely to go bankrupt. If you need more "alpha" than that, you may be a degenerate gambler, not an investor. END THE FED. Gold IS Money.
@MiningStockEdu
9 ай бұрын
If you don't get the macro call right it is hard to make money in juniors that are mining, building a mine or exploring for that metal or mineral. I saw 10x in my silver juniors when it ran from under $14/oz to $21/oz in early 2016.
@georgestone9557
9 ай бұрын
Very tough business, high inflation & gold price suppression doesn't help
@goldismoney5899
6 ай бұрын
Reason #1 - they buy junior mining stocks. Reason #2-5 - see reason #1.
@es9382
9 ай бұрын
The sector has bottomed. When rates stabilise or even better start to fall, every jr co will see at least 3x 4x from todays prices.
@es9382
9 ай бұрын
Eric Sprott is the biggest speculator in jr miners...do you think he's stupid?
@es9382
9 ай бұрын
The biggest mystery for me is how they get the millions every time they have a cap raise...who is giving these amount of money to them, when thy can buy these shares on open market?
@lancobear3544
9 ай бұрын
1st mistake is buying junior miners
@xlargetophat
9 ай бұрын
Why do jr fail? Because copper mines never .. never... I mean... Never get built... Lol... Never..
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