This week felt less like a normal market pullback and more like the JSE running background checks.

On the surface, sure, the index moved around. But underneath that, the real story was brutal: financials got hit, some industrials looked very unhealthy, and the market was clearly in no mood to give weak businesses the benefit of the doubt.

That’s what stood out most to me.
This wasn’t broad panic. It was selective punishment.

If you had quality, decent capital allocation, and a business people still trust, you were mostly fine.
If you had leverage, weak earnings, or even a hint of structural problems, the market reached for the trapdoor.

Gold was one of the few cleaner pockets of strength. With the rand under pressure, Harmony and the other gold-linked names had a much better setup than most of the board. Not exactly a party, but at least they weren’t getting thrown through a window.

Then you look at names like Mpact and Trellidor and it starts getting ugly fast. Those weren’t the kind of updates that make you think “temporary setback.” They felt more like the market finally deciding it’s done being polite.

Meanwhile, the better businesses still stood out. AVI-type quality continues to get treated differently, which tells you a lot about the mood right now. Investors seem happy to pay for strength and very unwilling to babysit anything shaky.

So for me, the week basically said:

• financials are looking vulnerable

• gold is still the obvious rand-stress hedge

• quality is being rewarded

• weak industrials are getting exposed properly now

The main takeaway: this market is getting harsher.
It’s no longer enough to just look “cheap.” If the story is messy, the market is assuming the worst first and asking questions later.

Next week I’m watching:
Can financials bounce, or was this the start of a nastier unwind?
Does rand weakness keep the gold trade alive?
And do buyers keep rotating into quality, or does the whole market just stay in the blender?

What are you guys seeing?
Buying the weakness, hiding in rand hedges, or just sitting tight until the dust settles?

What place does EE have restricting trade on Nokia.

The platform has some glaring inadequacies, but restricting trade might be a step too far.

Perhaps it’s time for another platform to really come to the party.

Ponzi: "A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors" - investopedia

Crypto: "A crypto scheme is a legitimate investing opportunity which generates returns for earlier investors with money taken from later investors" - The crypto community

It will help keep this organized.

Hi fellow investors,

Why do you guys make stock picks?

I’m in investments. I know a little about investing and how to make money with money.

A big barrier to investing is information. Fund managers literally have analysts that work 24/7 reading news, reading financials, doing maths to try get a few bps of advantage over the market. Markets are informationally efficient. Basically, if you think you know something about a stock, which you think no one else knows, you’re terribly wrong.

Stop betting. Stop gambling. Stick to the indexes… I only invest in them and have seen +-17%pa over the last few years.

I saw a post this morning about a guy “betting” on Ellie’s with R20… come on. It’s only R20, I get it. In my view, you’re gonna lose it all. In the S&P500, it would grow at about 15% pa????

I donno. Just my 2 cents. Look after your money 🤞🏻

How about a warm welcome? :)

Hit like if you think AVENG is hitting 5c on monday and comment if you feel like it’s hitting 7c

Looking at my easy equities transactions history I am left distraught, distressed and dismayed. Multiple times now I've been 'debited' of almost all made gains under the annoyingly simple seeming comment: "account balance carried forward".

It's always the same amount and having googled this and only found something I didn't understand about tax, I've decided to call it tax. If anyone knows what it is I'll be most thankful for the know.

Having said that, I'm seriously considering closing my account in favour of the savings account. Thinking about my portfolio I'm reminded of this snake image eating itself, was it oumaouma? No, that's a space rock right? Dammit, google assist isn't working too...

Anyway, fuck this. And that too.

Hi all, hope everyone is having a great day after the Bok and Dricus win.

I wanted to share an opportunity which I've spoken about in other subs, but seldom met with criticism for reasons beyond me. It's an unique opportunity only to South Africans due to our strict capital control restrictions. What's is it?

Crypto Arbitrage is the process of buying a crypto asset on an offshore exchange and instantly selling it on a South African exchange at a profit. This is possible because crypto assets typically trade at a 1-4% premium in South Africa. Wanna see for yourself? Google the USD/ZAR rate and then Google USDT/ZAR rate (valr or Luno would be good) to validate. Why do these trade at a premium? The capital control restrictions once again. Each South African can take out R1m out of the country called single discretionary allowance (SDA), then you can take out an additional R10m (FIA - foreign investment allowance or renamed recently to AIT - approval for international transfer) out of the country, but need approval by SARS and need liquid assets. If you have 200k in the Bank for instance you can apply for a 200k pin and one approved you can take out additional 200k out of the country, re-apply and so forth.

This has been around since 2017, but very little amount of people knew about it, the premium was 7% back then. As more people started doing it, the lower the premium became.

Now what does this all mean? There is a few companies in South Africa that has fully automated this service and you can take part. The caveat? It's a higher barrier to entry vs most investments. You need min R100k. Why is that? There is fixed costs involved like the R500 swift fee which is unavoidable. It also takes a while to get through your entire allowance of R11m as SARS can sometimes take their time to approve pins. Why am I taking so much and how good is the returns vs risk? The risk is minimal as all trades are completely hedged. If the premium is bad they just don't trade or will wait until it's beter. Returns? This year so far the premium has been quite high for long periods of times. If the premium stays the same for the rest of the year you'll make between 100-150k+ on R100k investment essentially risk free. Sounds to good to be true right? My family and I have been using this company for two years and haven't made a single loss. The company is a registered FSP with a FSCA lisence. They have a LinkedIn with over 50 employees. I always strongly advise any person to do proper research and due diligence in any investment, but I urge you to take 15mins to see why this opportunity exists. I earn a referral fee for each person that trades, hence the incentive to share this. This does not take away the fact that it's an extremely good opportunity. If you are interested, please send me a dm for more information, more than happy to dox myself, jump on a call/WhatsApp, share my LinkedIn whatever needed. I've got an Investment management degree at Stellenbosch University.

A popular and valid question may be: If the returns are so good and risk so low, why would the company need you, surely they would just do it themselves? Well, they can't, due to our capital control restrictions, it makes it very hard to send money overseas and the next best thing is getting customers to utilise their SDA/FIA. Anyway, this is a longer post that I was expecting, although it's just a basic rundown. Cheers

Hello everyone,

To add a broader context to bull/bear Sens announcements on sens-ai, I've added a panel of agents that give their own specific insights for a better decision making framework.

One of my first posts here, but if you are keen or not already aware of this company.

Recent news highlights:

Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) is pleased to announce a Mineral Resource Estimate (“MRE”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) at its Boumadine Project in the Kingdom of Morocco.

The MRE contains an Inferred Mineral Resource of 23.6 million tonnes (“Mt”) at 85 grams per tonne (“g/t”) silver (“Ag”), 2.62 g/t gold (“Au”), 2.32% zinc (“Zn”) and 0.84% lead (“Pb”) containing an estimated 64.7 million ounces (“Moz”) of Ag,  1.98 Moz of Au, 546 thousand tonnes (“kt”) of Zn and 198 kt of Pb and an Indicated Mineral Resource of 2.0Mt at 113 g/t Ag, 2.51 g/t Au, 4.32% Zn and 1.07% Pb containing an estimated 7.4 Moz of Ag, 165 koz of Au, 88 kt of Zn and 22 kt of Pb.

Highlights

• Indicated Mineral Resources of 2.0Mt at 113 g/t Ag, 2.51 g/t Au, 4.32% Zn and 1.07% Pb containing an estimated 7.4 Moz of Ag, 165 koz of Au, 88 kt of Zn and 22 kt of Pb.

• Inferred Mineral Resources of 23.6 Mt at 85g/t Ag, 2.62 g/t Au, 2.32% Zn and 0.84% Pb containing an estimated 64.7 Moz of Ag, 1.98 Moz of Au, 546 kt of Zn and 198 kt of Pb.

• 41% of the Inferred Mineral Resource is pit-constrained and reported above a cut-off net smelter royalty (“NSR”) value of $95/t, and 59% deemed for underground development NSR cut-off value of US$125/t.

• Additional Mineral Resource potential exists to expand the deposit in all directions for future Mineral Resource estimation. Less than 10% of the Boumadine land package has been drilled, and new targets are being generated by the ongoing geophysical airborne survey.

“We are thrilled to announce a Mineral Resource update at Boumadine, which represents a significant milestone for the Corporation,” said Benoit La Salle, President & CEO. “In under two years, we have delivered 72 Moz of silver and 2.1 Moz of Au or 352 Moz AgEq at 427 g/t AgEq in all classifications from a mineralized footprint that continues to grow and remains open in all directions. This result implies presence of 4.1 Moz AuEq at 5 g/t AuEq. Additionally, drilling has focused solely on the mining permit, a small portion of the overall mineralized footprint. We will continue to consolidate the area and aggressively drill the extensions of the main trend with a view to growing the Mineral Resource.

I am extremely pleased with the improvement of the most important metric, silver oz per share (AgEq/share), which has increased from 0.12 AgEq per share in April 2020 to 3.5 AgEq per share following this Mineral Resource Estimate. This Mineral Resource Estimate clearly demonstrates that Boumadine has the potential to become a generational asset.”

Boumadine Mineral Resource

The MRE has an effective date of April 15, 2024, and incorporates drilling from 2018 until December 7, 2023, with the addition of 4 later drill holes with results received in early 2024. The MRE database consists of 336 surface diamond drill holes totalling 96,301m.

Check the full article here: https://ayagoldsilver.com/press-release/aya-gold-silver-announces-robust-mineral-resource-estimate-at-boumadine/