Energy Transition

I know that my posts have not been read that often lately. I can understand that well. With a falling SP, it is simply less fun to deal with certain developments. The euphoria fades faster than expected. As you can currently see, this is also happening with other high flyers in the explorer scene.

HMX is currently holding up relatively well - although everything points to a "decision" that could take place in the next few weeks. Maybe not as dramatic as in the film "High Noon" (with Gary Cooper). So the time has come once again to sit back and think about a few basic thoughts.

I stumbled across a 287-page report that beautifully maps the situation regarding "Energy Transition". Provided, of course, you have the time to at least skim through it.

https://iea.blob.core.windows.net/assets/ffd2a83b-8c30-4e9d-980a-52b6d9a86fdc/TheRoleofCriticalMineralsinCleanEnergyTransitions.pdf

https://www.iea.org/reports/the-role-of-critical-minerals-in-clean-energy-transitions



Let's not fool ourselves - the momentum that is building up here can hardly be stopped. Moreover, we should (not only because of the climate) slowly but surely say goodbye to certain fossil energy forms - this is also just to avoid that certain countries (with a very undemocratic understanding and an often only very rudimentary developed view of humanity) can blackmail us (especially those who at the same time invest in Energy Transition in order to be ready to pull the big money out of our pockets).

When I look at the portfolio of Hammer Metals, I see that there are some elements that we need in relation to this transition. It would be nice if lithium and possibly nickel were added in larger quantities (please.....). What is not yet, can still be.

But even without this, we have Kalman, for example, and in 2023 more pieces of the puzzle were added. With regard to these puzzle pieces, we are in the middle of drilling - while some samples are already in the pipeline for evaluation. This is going on for a few weeks now - unfortunately there is nothing we can do about it and it is not Dan's fault that it is not going faster.

However, it still seems to me that HMX has a plan. The recent change in the board is certainly also part of a further fine tuning in terms of know-how/experience in the team to better cope with possible "changes" in the drill pipeline. All fine from my point of view. Unspectacular maybe but let's be honest - most of the time you earn the big money with 20% discipline and persistence. With the remaining 80%, the entertainment is perhaps more exciting - but mostly you lose money with it.

I don't dare make any predictions now. But I do think that with a bit of luck, HMX could slide into an interesting role as an "Energy Transition Metals & Co" supplier. At the moment, the enthusiasm and imagination are lacking. You can also see this in the volumes. There is nothing left to do but wait and see. Wait for results or for fundamental changes (e.g. metal prices).

The world is a little out of joint and no longer spins as smoothly as before. At least that is my impression. I don't remember if Charlie Munger or Benjamin Graham said this recently (in an interview) but the tenor was quite clear: companies that don't have their fingers in this energy transition story will have great difficulty surviving in the long term. The others have the opportunity to make a lot of money.

I think some people will be rubbing their eyes at how quickly certain things will suddenly change.Money rules the world.

In the meantime, I'll sit back and watch what's happening. I should be getting a tax refund soon (yippiee...) - let's see what I do with it (before my wife gets any ideas....). DYOR

PS. In the long term, certain things simply prevail. This has been the case with all major technological changes. You can't stop it.