I have given up on SBSW and capitulated at 3.13 a share, for a 31% loss. Sibanye will release its quarterly earnings on Sept 12th (Thursday), which it has already announced will be poor (NR). Reasons to sell: Reasons to hold: Ultimately, this is a bit of a ‘catch a falling knife’ story that I […]
Yesterday Cartier Resources (ECR.V) put out some fairly promising results from their VG9 drill target that included 11.2 g/t Au over 2 meters and 9.1 g/t Au over 1m. In a short video explaining the results, CEO Philippe Cloutier outlined the rest of the drill program for the end of the year which will compromise
Cartier Resources Update (Short Talk with Philippe Cloutier) Read More »
My reasons for purchasing shares of Champion Iron (CIA.TO) on August, 2024, after it’s Q1-2024 earnings release.
Things are good. In the commodity space, copper rallied though it has pulled back since. Gold and silver are at high levels. Nickel is in the dumps though. Other than one dog, ECR.V (Cartier Resources), which I’m praying for decent drill results to allow me an exit, the portfolio, particularly my recent purchases, is doing
Lessons to be learned by a mining stock investor in reaction to Victoria Gold’s heap leach failure in late June, 2024.
Dodging Bullets in the Mining Sector (By Chance) Read More »
As my previous post explains, I came to the conclusion that Victoria Gold is an inferior horse to back for the current bull run in precious metals. I have switched to B2Gold, with a cost basis of around 3.77c. Reasons for investing in B2Gold: Above is the B2Gold five-year chart. I can get paid a
I sold my VGCX positions today for a meager gain. Picking a different horse for a gold miner, likely B2 Gold, but that’ll be in a separate post. Reasons for selling VGCX: Rick’s summary: In short, I surmise that VGCX is cheap for a reason: it’s a difficult mine to operate (weather, finding staff, smoke
I recently posted the discussion I had with John Black, CEO of Aldebaran Resources, at VRIC. There has been some buzz around other company he is CEO, Regulus Resources, in the last few days. I’ll admit that I haven’t been following the development of Regulus’s asset, Antakori, closely. Nevertheless, I do have faith in John
Visit to Vancouver Resource Investment Conference and discussions with Aldebaran Resources, Altius Minerals, and Mirasol Resources.
I started a small position in Tenaz Energy last week at 3.57 cents. This is a long-term buy and hold. Tenaz Energy is an energy company that seeks to acquire and then optimize oil & gas assets. They currently have one cash flowing property in Alberta, and they recently did an acquisition in the Netherlands.
