Chris interviews Steve Hanson, Pres/CEO of International Frontier Resources (TSXV-IFR; OTCQB-IFRTF)
Here’s another interview Chris is sharing with one of his featured companies: The story of Mexico’s energy reform after 80 years of quasi-state control is one of the most actionable investment stories I’ve ever seen. Yet it STILL remains one of the most under-covered, even in the financial press.
As IFR’s Hanson and I recap today, his company’s first-mover advantage as Mexico’s energy assets become more privatized has now led to the first drilling/development at Tonalli Energia’s (the corporation owned 50% each by IFR and Mexican petrochemicals giant Grupo IDESA) Tecolutla project.
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From TXRogers @stockhouse april 24
http://www.stockhouse.com/companies/bullboard?symbol=v.nvo&postid=27931279
Seems that Gann Global is changing their primary projections in this update video on precious metals. Good listen. Could foretell much pain ahead for holders of mining stocks. Comments?
http://www.gannglobal.com/webinar/2018/04/18-04-29-Video-Offer-Is-Open-MF.php?inf_contact_key=6d80a260b60ef5dae385cfdb5f92d050100397ce3059749779c4369995d3c96a
Chris:
Thanks for update. I am an investor in IFRTF and have come to believe the US MMS are using the small cap oil companies as a play ground. They have hardly moved while the price of oil has about doubled. Somebody is pocketing some cheap shares, and probably not legally. But what’s new. I am holding and hope production breaks the manipulation.
GLD 5 week RSI will have to hit oversold, at a minimum, before this correction is over. The 200 dma is surely going to get tagged this week.
GDX 5 week RSI will probably also have to hit oversold, so expect some severe pain in the next 2-4 weeks.