Matthew Gordon

@CruxInvestor. Dad jokes. Book keeper. Failed beekeeper, but aren’t we all

[Matthew Gordon @MoshiGordon]

I feel about my uranium investments of 4 yrs ago and still holding, the way I do about my 2023 Christmas present (to myself). Anyone else?
⁦@quakes99⁩

[FITZROY MINERALS INC @Fitzroyminerals]

After the spectacular result from drill hole #22, Merlin Marr-Johnson and Gilberto Schubert talk about the geology and the next steps in the exploration program.

Go Explorers. Go Fitzroy. Go Copper.
$FTZ $FYZFF #copper

[ATHA Energy Corp @athaenergycorp]

“We acquired the Angilak Uranium Project just one year ago. Since that time we have taken many steps that have substantially de-risked Angilak...” – Troy Boisjoli, CEO $SASK $SASKF #uranium → For more information and important disclosures → https://t.co/FbIAeyWoyR

[Crux Investor @CruxInvestor]

Canada’s first-ever in-situ uranium mine is on track! @DenisonMinesCo is advancing the Wheeler River Project, targeting first production in early 2028. A major step for #uranium and #nuclearenergy! ⚡🔋
https://t.co/vfwiEv2ZQk

[ATHA Energy Corp @athaenergycorp]

Shifts in the #uranium market favors companies with assets in politically stable jurisdictions. We are positioned to develop Angilak into one of North America's most significant uranium deposits $SASK.V $SASKF → Article by @CruxInvestor → https://t.co/rirDDsMChQ

[Nick Sortor @nicksortor]

The Ukrainian ambassador covered her face when Zelensky CONTINUOUSLY tried speaking over Trump and Vance in the Oval Office

She knows it’s ALL over.

Great job, Dictator Zelensky

[President Donald J. Trump @POTUS]

“We had a very meaningful meeting in the White House today. Much was learned that could never be understood without conversation under such fire and pressure. It’s amazing what comes out through emotion, and I have determined that President Zelenskyy is not ready for Peace if America is involved, because he feels our involvement gives him a big advantage in negotiations. I don’t want advantage, I want PEACE.

He disrespected the United States of America in its cherished Oval Office. He can come back when he is ready for Peace.”

–President Donald J. Trump

[Elon Musk @elonmusk]

President @realDonaldTrump is the Commander-in-Chief

[Crux Investor @CruxInvestor]

Uranium supply is lagging demand—big time! ⏳ Miners can’t ramp up fast enough, and utilities haven’t secured enough fuel. Expect a supply crunch & price surge ahead. #NuclearEnergy
https://t.co/y0wJLlb59V

[Crux Investor @CruxInvestor]

Nuclear Renaissance = Uranium Boom 💡🔋 With long-term uranium prices at ~$80/lb, @Lotus_Resources plans to produce at $45/lb, securing strong margins 💰⚡️ Targeting first production Q3 2025.
https://t.co/BN3QzV9a2F

[FITZROY MINERALS INC @Fitzroyminerals]

Copper Bottomed: Copper Bottomed: Cash-Rich Copper Explorers Soar While Major Miners Play Safe.

Tune in to another episode of ceo @merlinmj71’s where he discusses his criteria for what makes the share price of an Exploration and Development resources company go up.

🌏Large scale exploration potential
🌏Momentum and news-flow (cash helps)
🌏Discovery
🌏Low capital intensity prognosis.

https://t.co/6eI195Qiba
$FTZ $FTZFF

[Crux Investor @CruxInvestor]

Silver is Back

https://t.co/q1XKtwSv39
#silver @MoshiGordon @VizslaSilver @SierraMadreSM @AdriaticMetals @SilvercorpSVM @NewPacific_ @EDRSilverCorp

[Crux Investor @CruxInvestor]

Hot Chili (ASX:HCH)
Major Copper-Gold Discovery, Large Scale Appeal

Game-changing discovery for the team at Hot Chili.

https://t.co/h6paT9dx82

@MoshiGordon #copper @HotChiliLtd
$HCH

[Crux Investor @CruxInvestor]

China is running circles around us. Nuclear sector needs a Federal Catalyst.

The US #nuclear industry appears positioned for potential increased federal support, signaling a shift that could create opportunities in the nuclear supply chain and advanced reactor development sectors. Current market dynamics show #China and #Russia dominating the global nuclear export market, with Russia offering particularly competitive financing terms and fuel cycle services, while US domestic nuclear capabilities have deteriorated. This suggests potential for significant capital deployment in supply chain restoration, with multiple advanced reactor prototypes expected to become operational in the 2030s, though market viability remains uncertain.

Several key investment implications emerge from these developments. Strong signals of increased federal funding and support could benefit companies throughout the nuclear supply chain and advanced reactor development space. The combination of growing global electricity demand and energy security concerns may drive long-term commercial viability, while the DOE's @ENERGY renewed focus on nuclear exports could open new markets for US nuclear technology companies.

Policy catalysts include the new DOE leadership's prioritization of nuclear development and exports, an emphasis on "American energy dominance" that could accelerate permitting and deployment, and a comprehensive R&D portfolio review that suggests potential reallocation of federal resources. However, investors should consider several risk factors, including uncertain timelines to commercial viability, high capital requirements, international competition from state-backed entities, and regulatory uncertainty.

The appointment of new Energy Secretary Chris Wright is particularly noteworthy for investors, given his background in both energy (@LibertyFrac ) and advanced nuclear (@oklo ). This dual experience suggests a business-friendly approach to nuclear development that could prove advantageous for cross-sector collaboration and practical deployment strategies. Companies to watch include advanced reactor developers, nuclear supply chain manufacturers, engineering and construction firms specializing in nuclear projects, and companies with nuclear fuel cycle capabilities.

The sector merits close monitoring, particularly for long-term investors interested in energy infrastructure and advanced technology. The combination of federal support, energy security concerns, and growing electricity demand could create favorable conditions for well-positioned companies in the nuclear sector, though careful due diligence will be essential given the industry's complex regulatory and technological landscape.
@MoshiGordon #uranium @Energy_Fuels @Ur_Energy @enCoreEnergy_EU @PEN_Energy @IsoEnergyLtd @athaenergycorp @AtomicCorp @PremierAUranium

[Crux Investor @CruxInvestor]

Gold Investment Demand is 95% of New Supply

Gold investment demand is projected to consume an unprecedented 95% of mine supply in 2025, up from 82% in 2024, driving prices to potential new heights. Citi Bank forecasts #gold could reach US$3,300 per ounce by Q4 2025, representing a 15% increase from the current record of $2,870/oz and nearly double the price from 3 years ago.

Central banks have emerged as significant buyers, maintaining purchases above 1,000 tonnes annually for three consecutive years. This trend reflects growing efforts by non-aligned governments to diversify away from dollar reserves and hedge against inflation risks from expansionary monetary policies.

Recent market dynamics include reports of gold shortages in London as metal flows to meet U.S. demand, though some analysts dismiss these claims. A more intriguing development is the potential revaluation of America's 8,133-tonne gold reserves at Fort Knox, currently at a low book value of just $42/oz, as reported by the Financial Times.

Citi maintains a bullish outlook, citing physical fundamentals as the primary driver. Their analysis shows that when investment exceeds 70% of mine supply, prices typically rise to discourage jewelry demand and stimulate mine and scrap supply. While their model suggests prices could exceed $3,300/oz, their base case projects trading between $2,900-$3,000 over the next 6-12 months.

However, investors should note historical precedents for sharp corrections. The 1980 rally to $700/oz was followed by a decline to $315/oz in 1982, while the 2011 peak of $1,855/oz preceded a drop to $1,055/oz in 2015. Current market enthusiasm notwithstanding, these historical patterns warrant consideration in investment decisions.
@MoshiGordon @GMiningVentures @ArisMining @AlkaneResources @DundeePrecious @PerseusMining @Serabi_Gold @FirstMining @WestRedLakeGold @Cabral_Gold @americas_gold @AlamosGoldInc

[Crux Investor @CruxInvestor]

Absolutely F**king Unacceptable @HarmonyGoldNews
Your institutional shareholders should be embarrassed.

February 05, 2025
Loss-of-life incidents at Harmony’s Doornkop and Joel Mines

November 29, 2024
Loss-of-life incident at Moab Khotsong mine

May 22, 2024
Loss-of-life incident at Phakisa mine

May 03, 2024
Loss-of-life incident at Doornkop mine

May 02, 2024
Loss-of-life incident at Mponeng mine

January 05, 2024
Loss-of-life incident at Mponeng mine

October 06, 2023
Loss-of-life incident at Harmony’s Tshepong North mine

September 06, 2023
Loss-of-life incident at Harmony’s Kusasalethu mine

May 02, 2023
Loss-of-life incident at Harmony’s Kusasalethu Mine

March 24, 2023
Loss-of-life incident at Harmony’s Kusasalethu Mine

March 08, 2023
Loss-of-life incident at Harmony’s Tshepong North Mine

December 19, 2022
Loss-of-life incident at Harmony’s Kusasalethu mine

August 15, 2022
Loss-of-life incident at Moab Khotsong

June 16, 2022
Loss-of-life incident at Kusasalethu

May 09, 2022
Multiple loss-of-life incident at Kusasalethu

March 14, 2022
Loss-of-life incident at Doornkop

December 15, 2021
Loss-of-life incident at Mponeng

December 13, 2021
Loss-of-life incident at Kusasalethu

November 02, 2021
Fatality at Doornkop

October 22, 2021
Fatalities at Kusasalethu

September 02, 2021
Fatality at Mponeng

August 06, 2021
Fatality at Moab Khotsong

July 16, 2021
Fatality at Tshepong South

March 16, 2021
Fatality at Moab Khotsong mine

February 04, 2021
Fatality at Target mine

January 28, 2021
Fatality at Phakisa mine

January 14, 2021
Fatality at Bambanani mine. (We stopped here, but you get the gist. It scans like Harmony thinks staff are expendable assets)
@vaneck_us @BlackRock @Vanguard_Group @OldMutualSA @OldMutualLtd @ninetyone_sa @SanlamInvest #Gold @MoshiGordon @BlackAlex58

[Crux Investor @CruxInvestor]

87% Increase in Copper Demand Forecast: But Risks Emerge

Recent analysis from Macquarie Bank @Macquarie indicates a significant upward revision in copper demand forecasts related to AI data center infrastructure. The bank has increased its 2030 estimate from 200,000t to 330-420,000t of additional copper demand, representing an 87% increase from their May 2024 projection.

This demand is split between two main areas:

▪️Power infrastructure: Expected to require ~155,000t of copper by 2030, driven by power capacity growth from 77GW (2023) to 334GW (2030)
▪️Internal data center usage: Projected to need 175-265,000t annually by 2030, primarily for intra-rack and between-rack connections

While major tech companies have announced substantial investments in AI infrastructure (@Microsoft : $80B, Meta: $60-65B for 2025, US Stargate Project: $500B over four years), recent developments suggest potential moderation in growth expectations.

A key development is @deepseek_ai 's introduction of their R1 large language model, which achieves comparable performance with significantly lower processing power requirements. This technological breakthrough has important implications:

▪️Triggered a 17% drop in @nvidia 's share price (approximately $500B market value loss).
▪️It may reduce demand for critical chipmaking materials (gallium, germanium, high-purity silicon).
▪️Could potentially slow data center construction rates and associated copper demand.

Important considerations for investors:
While copper demand growth remains positive, technological innovations like DeepSeek's could moderate the pace
▪️Power infrastructure represents a more stable demand driver than internal data center usage
▪️Fiber optics are increasingly replacing copper for high-speed data transmission (800Gb/s)
▪️Macquarie's analysis doesn't yet factor in DeepSeek's potential impact, suggesting further revisions may come

This evolving landscape requires investors to closely monitor infrastructure buildout plans and technological developments that could affect material intensity in AI applications.
@MoshiGordon #copper #uranium #nuclear #NuclearPower

[Crux Investor @CruxInvestor]

This may help...

https://t.co/DUNkb25GVq
@MoshiGordon

[Atomic Eagle @AtomicEagleASX]

Really pleased to speak about Muntanga with @MoshiGordon from @CruxInvestor. Muntanga is a simple, lowopex #uranium project with export routes to Western & Eastern Markets, forecast to start producing in 2028. $GXU $GVXXF #mining #Africa #nuclear https://t.co/YcHy2WpOMf

[Crux Investor @CruxInvestor]

What the actual...

The @BBC charges UK television owners for a TV Licence to pay for its programming and running costs. Fine. It has always been thus.

However, it now apparently takes money from donors (who presumably definitely don't influence agenda and content because that would be unprincipled and immoral!!!).