AFF Member Stock Discussion

[Quickstatus]

Im seeking to understand the technology behind XRF, a WA company involved in the minerals /mining industry. My understand they sell machines and supply consumables for same which assay/test mineral samples for purity

 

[Buzzard]

I like to make money

If I can make a quick profit I'm happy to take it. EG: I bought TWE today - I can sense a quick profit here.

What's your sell price for TWE?

 

[Dr Ralph]

What's your sell price for TWE?

I think it'll get above $8 fairly quickly.

I'd take a quick 5% profit. I bought yesterday at $7.71.

But I am prepared to hold for the long term if I'm wrong.

 

[drron]

Im seeking to understand the technology behind XRF, a WA company involved in the minerals /mining industry. My understand they sell machines and supply consumables for same which assay/test mineral samples for purity

It is the use of X-ray fluorescence to analyse drill samples quickly. The old way was to send the drill samples to the laboratory and wait for 6-12 weeks for the results.
It does have a hand held device so the drill cores can be analysed in the field and you get an accurate and immediate result as to what minerals are present and how much. All the major miners do it and now happening with some of the juniors.

 

[Dr Ralph]

Looking seriously at HMC.

 

[Quickstatus]

HMC

Wow dropped more than 50% since it went ex div
...
Maybe $9 for TWE

 

[cove]

We feel that TWE are gouging the market. Their Penfolds 707 now is around $800 a bottle. I get their mailers but rarely buy and I don’t think I am an orphan.

 

[Mr_Orange]

Their Penfolds 707 now is around $800 a bottle.

Good heavens above, how much is Grange these days?

TBH, anything from Penfolds is beaten hands down by almost anything French. At $55 per bottle, I would take this every time and twice on Sundays: https://www.danmurphys.com.au/product/DM_768993/les-trois-clefs-chateauneuf-du-pape.

 

[cove]

I drink a bit of French wine when we are living in California. Penfolds seems to have lost their distributor in California.

 

[cove]

I am troubled by Tesla and Qantas prices both going up on their bad news.
CBA pricing at 29 years earnings is a complete joke.
Sometimes it is difficult to figure out stupid stuff.

 

[Mr_Orange]

I am troubled by Tesla and Qantas prices both going up on their bad news.

If the bad news only came out in the last couple of days, the market is not reacting to that news. It would have been priced in 3-6 months ago.

CBA pricing at 29 years earnings is a complete joke.

Says you, and yet the price continues to go up. Don't fight the prevailing trend.

Sometimes it is difficult to figure out stupid stuff.

I don't try to, it helps keep me sane!

 

[Flashback]

I just finished reading The Psychology of Money by Morgan Housel. Worth a read.

 

[lovestotravel]

I am troubled by Tesla and Qantas prices both going up on their bad news.
CBA pricing at 29 years earnings is a complete joke.
Sometimes it is difficult to figure out stupid stuff.

Qantas down yesterday, people jumping in at the bargain price...

A data breach won't impact QF long-term, Optus took a small hit but then customer numbers grew after that and continue to grow..

CBA - I need to jump ship from that, as it's heavily overloaded....

 

[cove]

It has taken a while but CBA has started to fall.
Just finished watching the YouTube on QPM which is doing anSPP at 3.1 cents starting tomorrow. Sandon is onboard with about 5% holding.

 

[Dr Ralph]

I think it'll get above $8 fairly quickly.

I'd take a quick 5% profit. I bought yesterday at $7.71.

But I am prepared to hold for the long term if I'm wrong.

And 3 days later I'm out of TWE. Happy with just under 5% profit in that time. Also happy to get back in again if it drops back down.

Decided against HMC. Too much risk for me.

Post automatically merged: Yesterday at 2:03 PM

Good heavens above, how much is Grange these days?

Retails around $1000. But can usually pick it up for $650.

But I do worry about TWE when they are selling products like this!

Penfolds Grange by NIGO | Limited-Edition Rug

A Limited Release Silk Rug designed by NIGO to celebrate the launch of Grange by NIGO, the first-ever design takeover of Penfolds flagship wine. Learn More.

www.penfolds.com

 

[Ansett Nostalgic]

I just finished reading The Psychology of Money by Morgan Housel. Worth a read.

What were the best lessons you learned from it?

 

[Flashback]

What were the best lessons you learned from it?

Largely, I was already aligned with most of the best practices suggested. The best lesson for me, was suggesting to other people to read it as there's some sage advice in there that I recognise a few people I know could take note of!

 

[RooFlyer]

It is the use of X-ray fluorescence to analyse drill samples quickly. The old way was to send the drill samples to the laboratory and wait for 6-12 weeks for the results.
It does have a hand held device so the drill cores can be analysed in the field and you get an accurate and immediate result as to what minerals are present and how much. All the major miners do it and now happening with some of the juniors.

Quite right drron, except I would question 'accurate'.

@Quickstatus - Field XRFs should only be used for a quick indication of the grade of a core or even a rock. Is it >0.5% copper or >0.5 g/t gold? Does that quartz vein carry anything? In which case send of for a traditional sample analysis (but if I was the geo, I'd trust my own judgement more than a field XRF). And/or phone the director of exploration! For a very good result, put urgent on it. At Western Mining, I could get a 'hot' sample sent from Darwin to Victoria and analysed in 2-3 days.

Two ways for field XRF. Hand-held - which gives a spot reading. Or on a mount where the core is moved underneath the beam (or vice versa) and an average produced.

But neither should be relied upon. The depth of penetration into the core might only be a few mm into a 5cm diameter core. The deeper it does go, the greater the back-scatter and decrease in accuracy. For instance, if the gold is nuggety, it may not be detected at the spot(s) or at the depth of the mineral grain. For any reportable analyses, need as large a sample as can be obtained (usually 1/2 core over 0.5m length or greater, a kilo or so at minimum) and send of for crushing, homogenisation and traditional analysis - usually not XRF but solution based, usually AA.

 

[Flashback]

Quite right drron, except I would question 'accurate'.

@Quickstatus - Field XRFs should only be used for a quick indication of the grade of a core or even a rock. Is it >0.5% copper or >0.5 g/t gold? Does that quartz vein carry anything? In which case send of for a traditional sample analysis (but if I was the geo, I'd trust my own judgement more than a field XRF). And/or phone the director of exploration! For a very good result, put urgent on it. At Western Mining, I could get a 'hot' sample sent from Darwin to Victoria and analysed in 2-3 days.

Two ways for field XRF. Hand-held - which gives a spot reading. Or on a mount where the core is moved underneath the beam (or vice versa) and an average produced.

But neither should be relied upon. The depth of penetration into the core might only be a few mm into a 5cm diameter core. The deeper it does go, the greater the back-scatter and decrease in accuracy. For instance, if the gold is nuggety, it may not be detected at the spot(s) or at the depth of the mineral grain. For any reportable analyses, need as large a sample as can be obtained (usually 1/2 core over 0.5m length or greater, a kilo or so at minimum) and send of for crushing, homogenisation and traditional analysis - usually not XRF but solution based, usually AA.

Remind me to talk to you about this (and something related) when we catch up in Greenland.

 

[cove]

What do you think of Chrysos which is C79. We hold it and we are up a chunk on it. Drill hole analysis machines are going ok.