Hour 1 – Markets and Metals – Rick Bensignor, Brian Leni, and SilverCrest Metals
I find it unbelievable that we are almost done August already. It’s been a busy year but a very good busy when it comes to precious metals companies and news.
Please be sure to check out the company updates throughout this week, all linked below. Keep the emails coming to Fleck@kereport.com. I love hearing what you are all investing in and happy to get your questions answered.
- Segment 1 and 2 – Rick Bensignor kicks off the show with an extended interview. We touch on the new all time highs for the S&P, the rising yield curve, and how the US Dollar is impacting commodity prices.
- Segment 3 – Brian Leni is next up sharing his strategy for investing in precious metals stocks right now. The companies discussed are Monarch Gold and O3 Mining.
- Segment 4 – Chris Ritchie, President and CEO of SilverCrest Metals (TSX:SIL & NYSE:SILV) wraps up the show with a full update on the recent extremely high grade silver results and a discussion the upcoming Feasibility Study.
Exclusive Company Updates This Week
- Rupert Resources – A fully funded 50,000 meter exploration drill program at the Pahtavaara Project in Finland
- Eclipse Gold Mining – A look ahead to the upcoming drill program at the Hercules Project in Nevada
Aztec Minerals – A new President and CEO and drilling starting at the Tombstone Project
(MQR) (MRQRF) Monarch Gold Corp – Corporate Presentation August 2020
“Emerging Gold Mining Company in Abitibi – Quebec”
http://monarquesgoldfiles.com/documents/files/Corporate-Presentation-PDF-EN.pdf
(OIII) (OQMGF) O3 Mining – Corporate Presentation August 2020
“An Osisko Group of companies”
Val d’Or: Highest Grade Archean Gold Camp Globally
Sprott Capital Partners (08/17/2020)
> Monarch Resources (MQR) Initiating with BUY rating and C$1.65/sh
“Monarch: potential bidding war for 2Moz, stock is just too cheap”
> O3 MINING (OIII): Initiating with BUY rating and C$4.60/sh
“O3: 5Moz and largest land position, 120koz pa on the way”
> Probe Metals (PRB): Initiating with BUY rating and C$2.60/sh
“Probe: now at 3.2Moz, with momentum shifting to new ground, and the entire Lower Detour belt”
“The take homes for us are (i) drill dollars and rising gold price drive new ounces even in mature Archean belts, and (ii) while the Canadians are king of deep narrow-vein, the Australians rule the hub-and-spoke model. Val d’Or not only has eight gold plants, it has better inter-mine infrastructure than Australia with rail links, including to Timmins. So why own Val d’Or developers? We expect current ounces to start falling into feasibility studies either standalone or through third party mills, with improved reserve conversion at high gold prices. More drilling equals more ounces.”
(SILV) (SIL) Silvercrest Metals – Corporate Presentation August 2020
“Doing it Again”
http://silvercrestmetals.com/_resources/presentations/SilverCrest-Metals-corporate-presentation.pdf
(SILV) (SIL) Silvercrest Metals — Drilling Success Continues at Las Chispas, Babi Vista Vein Takes Centre Stage, New Record Drill Hole: 1.7 Metres Grading 635 gpt Au, 26,004 gpt Ag or 73,595 gpt AgEq
http://silvercrestmetals.com/news/2020/index.php?content_id=442
^^ Those are simply mind-blowing grades that Silvercrest hit recently…
>> Sprott Money News Weekly Wrap-up
(08.21.2020) – w/ host Craig Hemke #AudioInterview
“Eric Sprott discusses the events that moved the #PreciousMetals markets this week and looks ahead to an interesting week next.”
Companies covered: $DSV Discovery Metals, $WM Wallbridge $SILV $SIL Silvercrest $GCM Gran Colombia Gold $TUO Teuton $TUD Tudor
SF Online – Session 02 – Wallbridge Mining Company Ltd. (WM) (WLBMF)
Soar Financial – August 20, 2020 #VIDEO
“Wallbridge Mining Company is actively exploring and developing the Fenelon project in Quebec towards production. President & CEO Marz Kord gives an overview of the progress and next steps.”
(WM) (WLBMF) Wallbridge Mining – Corporate Presentation – Aug 17, 2020
https://wallbridgemining.com/site/assets/files/1634/2020-08-17-cp-wm.pdf
July 23, 2020 7:35 AM
Monarch Gold Intersects 13.95 G/T AU Over 14.35 Metres (47.1 Feet) at McKenzie Break
Started trading 8/5/20 under symbol MRQRF
The reason it is undervalued in the U.S., in my opinion, is it just started trading on small volume.
CFS – Monarch has been trading in the US for years, so it didn’t just start trading.
That announcement was them graduating up to the OTCQX (which will provide more liquidity for US based investors).
(DSV) (DSVMF) Discovery Metals – Corporate Presentation – August 2020
“Mexico’s leading silver-focused explorer / developer”
https://www.dsvmetals.com/site/assets/files/5120/dsv_corp_deck_-_aug_2020_v2.pdf
(DSV) (DSVMF) Discovery Reports 2,007 g/t AgEq Over 1.9 m and 1,073 g/t AgEq Over 1.3 m in Follow-Up Vein Drilling at Cordero
August 19, 2020
Rick Rule- Everything You Need To Know About Gold, Silver & Warren Buffett Buying Gold Stocks
August 20, 2020 – I Love Prosperity #VIDEO
Patrick Karim: Silver to Reach $70 in the Next 12 Months
Palisade Radio – Aug 21, 2020 #AudioInterview
Patrick Karim: I like this guy.
Yeah, Patrick has been on Palisade Radio a few times and has an interesting outlook.
Gold and Silver, The Correction Continues
Gary Wagner – The Gold Forecast – August 21, 2020 #TechnicalAnalysis #Chart #VIDEO
Junior Miners: Weekly Chart Bull Flags
August 21, 2020 – Morris Hubbartt – Super Force #PreciousMetals #TechnicalAnalysis #Video
Gold Mid-Tiers’ Q2’20 Fundamentals
Adam Hamilton – Aug 21, 2020
http://www.321gold.com/editorials/hamilton/hamilton082120.html
Gold price on track for second weekly decline
Mining.com Editor | August 21, 2020
https://www.mining.com/gold-price-on-track-for-second-weekly-decline/
The CDC told us at the white house press conference..They were going to count so called coronavirus cases..Different then other nations..To embellish and push forward their scare tactics on the population..
There is not universal agreement on the Covid issue. My next door neighbor and friend is an ER Doctor and continues to report there is no hoax about it.
On August 22, 2020 at 6:28 am,
Chartster says:
This explains a lot! “ Plandemic “
https://www.brighteon.com/d6412bff-0421-4190-a7bf-3e5e1f52559d
Reply to this comment
Gives a whole different slant on the well educated Doctors……
Hoax………..or a REAL HOAX……pre planned…..and to your door.
hoax
noun
a humorous or malicious deception.
I offer the following comments as an opinion on the “Plandemic” Movie. I do so from the perspective of a trial lawyer where proving of facts is required and the making unproven assertions “not admissible”.
ISSUE: If the Major Premis is that “The Pandemic is a Hoax”, there was no information in the over one hour video supporting that contention.
Hoax: A malicious deception
Deception: Act of deceiving.
The video starts by arguing the Pandemic is man-made. If that argument is valid: The Pandemic Exists and it is not a hoax.
The alternative to the man-made argument is that it occurred naturally. If that argument is valid: The Pandemic exists and it is not a hoax.
The video never returns to the issue of whether the Pandemic exists or proves whether it is man-made or naturally occurring.
Based on the entire content of the video following initial assertions, there appears to be an assumption that the Pandemic exists and it is not a hoax.
The remaining random assertions without proof that would be admissible in court are such things as Corruption in Corporate and Political America. I will agree with that and offer that through the Federal Government and The Federal Reserve, there is manipulation of markets. The Markets are not a hoax but a corrupt alteration of free and fair markets without Regulation.
So I will agree that there is corruption in Corporate America, Big Pharma, Politicians but none of them are a “hoax” but highly destructive to the People of America and the American System. But, there was a total lack of any admissible proof that would cause a Grand Jury to indict anyone knowing that the prosecutor would have to prove the unbacked assertions Beyond A Reasonable Doubt. Therefore, the fact that McCarthy held hearings in the 40s or 50s against Communists infiltrating every part of our lives or that the Bill Gates Foundation gives vaccines to African children, without some actual proof/evidence can at best be only considered Opinion without more.
Anyone with standing is free to unite in a Class Action suit against anyone they want for civil wrong doings, but a Court will reject frivolous claims without proof and a Jury of Peers will reject claims without sufficient “admissible proof” before them.
I will again submit that my neighbor, the ER Doctor, is correct in the opinion based on their medical training and experience, the combined knowledge of the institution in which she practices, the cases and associated deaths they have experienced that the Pandemic is not a “hoax”.
Government and Corporate and Individual corruption does exists, but in order to prove it either Civilly or Criminally there must be an action brought by a person or group, with standing to bring the claim before a duly authorized Court established and authorized under the laws and Constitutions of the US and individual States. In the case of a Criminal Case involving Felony considerations, they must be indicted or rejected by a Grand Jury convened under law. The Rules of Evidence apply in all cases.
Short Version:
The Pandemic is Real
Why there is a Pandemic may be criminal or a result or corrupt behavior.
Neither is a hoax.
The suppression of knowledge of the BEST treatment for covid-19, I believe, is criminal.
David…….I would never file a class action suit…….the only one’s who win are the attorneys. I am going with the “malicious deception.”….and I think , I would have a better chance of winning that one…in a law suit to include law suits from INDIA AND AFRICA….against the Gates Foundation/Virus…
Since the tape would only be part of the evidence I would supply….
I think , a court would not throw it out as “”frivolous claims” .
…
Trial Lawyer…….humm……
You should be as disgusted after discovery……than any american citizen.
Covid not a hoax. It is a real pandemic. What is a problem, is that elected and appointed officials, have neutralized the institutions and regulators in favor of corrupt parties…whether it be the Fed, Wall Street, Special Interest monied groups facilitated by Citizens United, corporations, Congress.. Simultaneously they have stolen the US Treasury and created a transfer of wealth. Now when it is collapsing around them, they find too big to fail and hoax a convenient way to kick the can down the road until Bretton Woods 2 comes along and the US is restructureD. Of course we will get hyper inflated to complete the transfer of wealth. Those thefts will never be prosecuted nor will people stop dying from the Covid Hoax as those things that are real are treated as meaningless because the economy was stolen and continues to be. The false narratives continue and the propaganda unending.
OOTB:
Trial lawyer: prosecutor fo over 20 years specializing in violent crime and Capital Murder. Prosecutors go to court quite a bit In the scheme of things. I don’t think we are that far off on the issues. Just how to solve them. That’s where I see a real need to restore the law as the starting place.
Here ya go David……
How about a BIG LAW SUIT…..FRAUD……….and Criminal
https://www.youtube.com/watch?time_continue=220&v=IPaP8cBdukc&feature=emb_title
Just one more……..For the Americano..Sheeple…. Your constitution….bye, bye..
https://www.youtube.com/watch?v=wDyDxgJuaDY
A very successful surgeon told my wife that the virus is no big deal.
We can’t ignore that each state is being payed billions by the federal government to make it a big deal.
This is a major scam.
https://www.beckershospitalreview.com/finance/state-by-state-breakdown-of-federal-aid-per-covid-19-case.html
Ron Paul, who just turned 85, also thinks the virus is no big deal.
For those who don’t know, Ron Paul is an M.D. who has delivered more than 4,000 babies.
I have a friend, age 65, in good health, that was driven to the hospital 27 days ago with breathing difficulties. At one point a couple of weeks ago, his wife was called to the hospital as he was not responding to Covid treatments. He survived at that point but is borderline now. No one can personally see him. I w ill ask him, if he recovers, if it was no big deal.
David, statistically, and in the context of the insane response of the government, it IS no big deal.
Is it a big deal that tens of thousands die from the flu each year? Not to anyone I’ve met but obviously it is life-changing for those affected.
Big business and the government are benefitting from the response at an astronomical cost to everyone else that is far beyond monetary.
The covid-19 virus exists all over the world, however, there is no record of anyone needing hospitalization for illness due to the virus, with a blood serum level above 45 nanograms/mL of vitamin D.
Thus it is treatable into not being a problem.
Why this information is highly suppressed by the WHO or the CDC is unknown by me.
This information is totally compatible with the experience in third world countries, as those with high sun radiation levels but poor medicine simply do not have a pandemic problem.
CFS:
Are you saying some people are expendable and it is OK for them to die even if the Pandemic was laboratory produced, but intentionally or accidentally released.
“Some lives don’t matter”?
Matthew:
I agree that corruption is the problem and that people die from many things that it would be great if we could treat and prevent in the future. I am arguing semantics. The pandemic is not a hoax anymore than cancer, flu or snake bites are. But if we just say the pandemic was spawned out if corruption, there is no “hoax” in there and it requires resources and scientific effort to address the issue. Calling it a hoax implies that the people should neither be concerned about catching or giving the disease. Well some one in that equation can’t fix dead.
David, the virus is real but I can see why some call it a hoax based on the government’s completely insane response to it. Their cure is far worse than the disease. We have no choice but to adapt to the seen and unseen consequences of what they have done/are doing but we will not recover our pre-scam existence.
Now that the economy (and stock market, in real terms) is broken, things will get much worse in the years ahead and there will always be some scary pretense to keep the masses compliant. Nothing neutralizes dissent like fear, both directly and indirectly as half of the population is moved to police the other half.
Matthew:
I think we are of similar thought. I think we need to treat the Pandemic as real but the surrounding problems of pretty much everything else as a problem or problems needing addressing within the institutional framework set up by the Constitution and not by those in positions controlling those agencies.
Yes, I think we mostly agree.
Another thought:
The Banks are “too big to fail”.
Or,
The Pandemic is a “hoax”.
Too big to fail excuses criminality.
Hoax excuses deaths possibly originating in criminality.
Diversions from Acting against criminality. Banks steal and covid is a pandemic. Politicians are failing to deal with either.
On February 2, 1929, The Reserve Board issued a statement in which they said: “The Federal Reserve Act does not, in the opinion of The Federal Reserve Board, contemplate the use of the resources of The Federal Reserve Banks for the creation or extension of speculative credit. The immediate result of the statement of February 2, 1929, was a brief overnight collapse in stock prices. DT
Silver Bull has 400 moz silver eq at Sierra Mojada, one of the world’s largest silver assets AND over 20 moz gold eq with the potential to more than double, thus possibly one of the world’s largest gold assets.
August 17, 2020
Silver Bull Enters Into An Option Agreement To Acquire The Beskauga Copper-Gold Project In Kazakhstan
Beskauga project was previously owned by the Swiss privately owned company Copperbelt AG. Beskauga is the largest undeveloped gold / copper project in Kazakhstan and according to Copperbelt AG, the assets total a whopping 21 million oz au eq.
PDF Presentation on Beskauga Project (2018)
http://copperbeltlimited.com/fileadmin/PDFs/2018/Copperbelt_Presentation_Mar_2018.pdf
Total NPV well over $ 2 billion and a market value under $ 40 million. Could one say that, from a value investor’s perspective, this represents perhaps the greatest investment opportunity right now?
DT:
Good info on Silver Bull and I own some. Back in Sep 2019, Silver Bull experienced an on-going blockade by the local town people and miners, while a civil suit was filed. The Fed Appeals Court ruled for Silver Bull but the blockade continued. The last thing I read was Silver Bull was bringing something similar to a trespass action against the blockade in the local courts to attempt to resolve the local issue. I haven’t heard if resolution. So expanding out of Mexico is good as they can keep something going, while hanging on to a positive resource until the local problem resolved, if resolved. The price has been suppressed, so speculation remains an issue.
Sierra Mojada Update
Silver Bull’s Sierra Mojada project remains under an illegal blockade organized by a Cooperative of local Miners called Sociedad Cooperativa de Exploración Minera Mineros Norteños, S.C.L. (“Mineros Norteños”).
Silver Bull has an agreement with Mineros Norteños on two small mineral licences which cover the eastern part of the Sierra Mojada deposit. These licences are subject to a 2% production royalty to Mineros Norteños capped at US$6.875 million (the “Royalty”) should a mine go into production.
Since 2014, Silver Bull has been fighting a law suit by Mineros Norteños seeking payment of the Royalty, including interest at a rate of 6% per annum since August 30, 2004, even though no revenue has been produced from the applicable mining concessions. Mineros Norteños also sought payment of wages to the Mineros Norteños members since August 30, 2004 under this agreement, even though none of the individuals were hired or performed work for Silver Bull under this agreement and Silver Bull did not commit to hiring them. On October 4, 2017, the court ruled that Mineros Norteños was time barred from bringing the case. On October 19, 2017, Mineros Norteños appealed this ruling. On July 31, 2019, the Federal Appeal Court held the original ruling. This ruling was subsequently challenged by Mineros Norteños and in March 2020 the Federal Appeals Court held the original ruling. Mineros Norteños may challenge the ruling for a final time at the Federal Circuit Court. Due to COVID-19 the Mexican court system remains closed and the timing of reopening is uncertain. In an attempt to force Silver Bull into making a settlement, Mineros Norteños has undertaken to illegally block access to the project since September 2019. To ensure the safety of all involved, Silver Bull has elected to halt all operations on the project until a resolution can be found.
Silver Bull remains committed to good faith dialogue with Mineros Norteños, many of whom have worked for Silver Bull, to find a solution that is acceptable to both parties.
The joint venture option with South32 remains in good standing but under a force majeure pause.
Thanks Haa.
David and Haa, thanks for the information on Silver Bull, I’m sure it won’t be long before Ex and others chime in. I need to do some DD but silver is absolutely where the action is for now. DT
I don’t have much to chime in on for Silver Bull. It’s a solid low-grade but quite massive Zinc/Lead/Silver deposit, so it has fantastic optionality to rising metals prices, in the same way that Discovery Metals, Southern Silver, or Bear Creek do.
Really Silver Bull is more a Zinc company than a Silver company, but with the increasing Silver prices it is making that component far more valuable now).
If you look through NEWS RELEASES from 2017-2018 you will find high grades of silver in the Sulpide Zone. 1 example:
Yes, there are some higher grade sections in Silver Bull’s deposit, just like Discovery Metals, Southern Silver, or Bear Creek, but overall it is massive lower grade deposit, and they have far more base metals make up than Silver, and that is why they report in Zinc Equivalent ounces as well as Silver equivalent ounces in their resource estimates, which is smart.
If you look through their CORPORATE PRESENTATION you will see that they highlight the Zinc resource first and the Silver second, and their “higher grade core” of Silver is not really that high of grade at all, averaging 102.5 g/t. The rest of the Silver in the resource is even lower than that. It is an optionality play on metals prices and they state that directly in their presentation on page 16.
_________________
> “Commodity price optionality due to sizeable Zn & Ag resource”
– “M&I Zinc Zone: 4.7Blbs Zn, high-grade core of 2.5Blbs @ 11% Zn”
– “M&I Silver Zone: 90.8Moz Ag, higher grade core of 63Moz @ 102.5g/t”
http://www.silverbullresources.com/site/assets/files/5737/corporate_presentation.pdf
I agree with you, but SVB stock has not moved like SSV and DSV yet, due to the blockade. I used to own them but I see better value and upside for now in Silver Bull.
What do you think about the new project in Kazakhstan ?
http://copperbeltlimited.com/fileadmin/PDFs/2018/Copperbelt_Presentation_Mar_2018.pdf
In a pm from copperbelt 12 December 2019, they say that two large Canadian companies and two large Australian companies are doing DD on the Beskauga project.
I guess one of those are Silver Bull and one of them are South 32.
Why would S32 be involved in doing DD on a project that ultimately falls into SVB’s hands?
I know it’s speculation, but it is interesting …
Haa, welcome aboard, Ex, Matthew, David, Jerry, Glen, b, Irish Tony, et all are very appreciative and very responsive to anyone who is interested in discussing their favorite ideas and stocks. DT
Thank You DT 🙂
Yes welcome aboard Haa, and thanks for sharing your investing ideas. There are a good group of contributors here at the KER.
Hi…HAA…..We here always welcome in the new kid on the block..Keep posting.
Thank’s irishtony, I will do that….
Ditto………The Welcome Committee here at the KER welcomes you…. 🙂
Thank’s OOTB, Nice to be the new kid on the block when you have such well behaved group of guys 🙂
Pleased to have you joining in on the board Haa.
Thank You very much Canuckski 🙂
Hi Mathew-Just got back from a seminar with my wife regarding the reversal of autism in children and adults…Involves chelation therapy and specific orthomolecular support…Recovery is about 100% in clean case selection….Big pharma fights it just like chlorohydroxyquinone plus zinc for many reasons similiar…When the politics intro included and we “need to improve health care”…Can you see why I find that bit of comment duplicitous?..Write why you think so and I will answer, please……I was vilified here for speaking truth to to the format….That makes me a dark angry force?…That makes this personal?…No makes it open exchange of different views I thought…and what I say is not even controversial at all anymore…
Hi Larry, glad you are back. Keep up the fight vs. corrupt allopathic medicine, especially mandatory vaccines and chemo.
Ditto
+1
Larry, it is sad and even infuriating but speaking the truth is probably the best way to get vilified in this increasingly Orwellian world we live in. Breaking long-standing beliefs, no matter how absurd those beliefs, is and always has been a sure way to piss off a lot of people. Most actively avoid troubling truths, few seek them.
But did you understand that saying ” we need to improve american healthcare” is Orwelian or as in Bernay’s Propaganda double speak talk?…..Just by simply conflating the term health with what actually exists which is allopathic rockefeller medical cartel…..Because…….What we know was that Rockefeller allopathic, the method institutionalized and used against americans health was designed for profit and to sell pharma chemo radiation vaccination at the expense of human health and dignity….To say that we have a health care system is propaganda…..We have an allopathic medical method which is ant-human per the data i have sent…A health care system cannot be improved if in fact it does not even exist……The method Rockefeller allopathic that is the monopoly people go to is not about health but about managing the inevitable disease…There are many other methods that could be adopted for health…Insurance does not pay for these…The numbers for profiting would be too small in comparison to managing unnecessary reversible chronic degenerative disease patterns….
so i am supposed to think of this person as honest and to be held in esteem..This is what strong women are?…..For telling such obvious truth I should have instant credibility but not here…strange….maybe I wondered into an alternative universe?…lol
I get it, but don’t forget that the allopathic scam is only part of a much bigger deception that most people don’t know but should.
I am not surprised in the least at Al’s response to you and your information. I’ve been here way too long!
Ditto……..on a bigger deception…..
I posted a good one on the supposed constitution….lol….
Btw, believe it or not, I still have never heard a single word of Dr. Frieda’s countless interviews and it’s going to stay that way. I’m glad you listened instead!
I listen out of disbelief…could someone actually think in such a prolapsed way…it is fascinating to listen to the propaganda live and in color…alliance is to mass media no doubt…all that mis-truth to protect ‘good standing’ in the medical stiffs playground…lol….money corrupts everything
Thanks to everyone for all the great interviews and updates.
Austin-Fitts on Hunter
Well I must say it’s good to be busy at work when pullbacks are happening…..don’t fret about things at all….I am keeping up on things posted here and all great guests and commentary….as always gentlemen I appreciate all of it
Can’t wait for August to end as that seems to be a consensus down month for PM’s…..haven’t noticed much or any chatter regarding the coup in Mali…don’t know if it’s a false breakout to the upside but most copper plays I follow have moved higher. Even Sun Metals is getting some love again. I have added trilogy to my small list of coppers…For anyone looking for pot plays that are not the big 4 MSO plays in the US, I still see IM Cannabis as a solid play that has been consolidating after its recent move higher. Red White and Bloom just announced a financing (bought deal that was originally $15M but got upped to $25M) below market that saw price drop naturally. I see it as having created a nice buying opportunity.
August will be behind us soon enough.
Yes, I saw a little bit on the Mali political situation but hadn’t fully digested what it means for the miners there. Luckily I sold my Hummingbird Resources a few weeks back, and got out of Resolute Mining at the beginning of the year, as they both had Mali explosure. Most of my West Africa exposure is in Burkina Faso, Sierra Leone, Ghana, and Ivory Coast.
(CVB) Compass Gold is the only company I can think of in my portfolio with exposure to Mali.
As for the Copper stocks, yes I’ve seen a few starting to move a little, and yes it was nice to see Sun Metals getting a bit more love as you mentioned. Thanks for the info on the pots Wolfster, and may your trading be prosperous.
Gold miners keep operating in Mali despite coup
Mining.com Staff Writer | August 19, 2020
“Gold miners operating in Mali said they are continuing to operate while monitoring a political crisis that shut the country’s borders and hit share prices on Wednesday.”
“Malian President Ibrahim Boubacar Keita resigned after being detained by a military junta, prompting immediate international criticism despite the group’s pledge to shepherd a democratic transition.”
“The coup capped weeks of protests demanding that he step down. Keita, 75, has faced opposition criticism for alleged corruption and nepotism within his administration, and the mishandling of an escalating Islamist insurgency in the West African nation.”
“B2Gold, Resolute Mining, AngloGold Ashanti, Hummingbird Resources, Roscan and Cora Gold said operations and staff were unaffected, but traders sold shares because of increased political risk.”
“Barrick, the biggest miner in Mali, said its Loulo-Gounkoto mining complex had not been affected by the political situation.”
https://www.mining.com/miners-continue-to-operate-in-mali-despite-coupe/
Yikes – sounds like a political mess, and that wouldn’t give me much confidence to do business within the country until it gets sorted out. I may sell my small position in Compass Gold just to get out of Mali completely, until they figure out what their new situation will be.
It is also a bit ironic that Warren Buffet finally gets into a Gold stock, Barrick, and there are likely tons of individual and institutional investors that likely followed him into the trade; but if things further deteriorate in Mali, then it may be a major headwind for them. Maybe if they had all been invested the last few years, when there was the mythical “deep value” in the sector, then they could have caught much more of bull market move.
Hopefully these new generalist investors just getting into Gold stocks won’t extrapolate out that mining is just too risky if Mali becomes a fly in the ointment for Barrick. After all, there literally are hundreds of other producing and near-production companies that investors can position in with lower jurisdiction risk than ones operating in Mali.
The swindlers and the charlatans have got the cash, and we aren’t in their club. We never will be, just look after your family and yourself. DT
Well said DT……….absolutely…..
Nuclear Power, Yes Please!
08/23/2020
“Germany should include nuclear power in its future energy mix again, demand more and more scientists, politicians and managers. A number of companies are now working on fourth-generation reactors.”
“The second story of Wendland takes place today – but this time it is in a different role: the anti-nuclear activist is now an ardent supporter of nuclear power. As a doctor of technology historian, she emphasizes the advantages of the controversial technology. And calls the nuclear phase-out a “life lie of German climate policy”.
“In addition, the energy demand will continue to increase. According to calculations by the Kiel Institute for the World Economy, for example, a complete switch to electric cars would increase electricity demand nationwide by 20 percent. According to the former BASF manager Hambrecht, the chemical industry will increase its energy requirements by a factor of four to ten by 2050.”
“So it will not work without nuclear power, says the respected economist Hans-Werner Sinn: “You cannot get out of coal and nuclear energy at the same time and then massively increase power consumption by switching to electric cars.” Especially as the production costs are one Play a role. German reactors are currently producing one kilowatt hour for around five cents. Energy from wind and sun costs up to 14 cents.”
“Meanwhile, scientists and engineers around the world have made progress in developing new reactors in recent years…”
(UUUU) (EFR) Energy Fuels predicts uranium price increase as it builds more uranium ‘than any other US producer’
Christine Corrado – Thu 20 Aug 2020
“Energy Fuels Inc CEO Mark Chalmers tells Proactive he believes the spot price for uranium will only continue to increase, as the growing need for nuclear power in the world paves the way to a bright future for the firm.”
Not to mention this solar issue now
https://www.wired.com/story/solar-panels-are-starting-to-die-leaving-behind-toxic-trash/
Yeah, Gretta and crew leave that part out of their green pandering equation.
After 48 Years, Democrats Endorse Nuclear Energy In Platform
Robert Bryce – August 23, 2020 – Forbes
It took five decades, but the Democratic Party has finally changed its stance on nuclear energy. In its recently released party platform, the Democrats say they favor a “technology-neutral” approach that includes “all zero-carbon technologies, including hydroelectric power, geothermal, existing and advanced nuclear, and carbon capture and storage.”
A Love Letter to the Fed From the Adoring Stock Market
August 21, 2020 – Bloomberg
Dear Fed,
Hey there! It’s me, the stock market. I know it’s weird to write you like this, but I felt like I needed to drop a quick thank-you note for everything you’ve done for me this year. I mean, your big ol’ balance sheet is almost $3 trillion larger since early March! You’re backing up the truck and loading it with Treasuries and corporate bonds and bond ETFs, all to keep the competition to stocks from fixed-income yields as limited as Jim Cramer’s understanding of me. It’s been a dream come true, honestly. I mean, fess up: Have you been reading my diary?!
Maybe you’ve noticed, but everything else is a royal mess. Covid-19 is still killing people. Parents are dreading the beginning of “school.” U.S. unemployment is still above 10%, higher than it’s been since the 1980s. The country is facing the biggest economic contraction in its history. Corporate profits are plunging. The recession is forecast to continue at least through the first quarter of next year. And me? I’m soaring! Have you seen these record highs I’ve been setting?
To be honest with you, it’s getting kind of wild—and I’ve seen plenty of weirdness before. I’m more popular with sports fans than March Madness! Of course, there was no March Madness this year, so that’s not really a fair comparison—kind of like comparing my dividend payouts to yields in the bond market. Amirite, or amirite? LOL!
But I’m not kidding when I say things are getting REALLY weird. Have you heard of Dave Portnoy, aka Davey Day Trader, yet? He was just some middling internet celebrity until suddenly he’s going viral for using Scrabble tiles to pick stock ticker symbols. The Robinhood set thinks he’s smarter than Warren Buffett! This probably isn’t going to end well, I’ll tell you that much.
Speaking of Robinhood, that whole Hertz saga was about as weird as it gets. A rental car company was trying to sell new shares while in bankruptcy court, because its stock price was on a tear? Let me repeat that: Hertz. Sold. Shares. While. In. Bankruptcy. I can’t even! You’re sure keeping your pals over at the SEC busy! I mean, it’s so weird out there, Bloomberg Businessweek is resorting to cringeworthy satire to make sense of it all.
Speaking of cringey, what was up with the minutes from your last meeting? Don’t get me wrong, I didn’t actually read them. If I had the attention span for that type of stuff, you’d call me the bond market. Of course, the bond market did read the minutes, and it thinks you’re being a little rude for not wanting to keep the party going. Look, I learned this lesson the hard way—and I sort of thought you did, too—so it bears repeating: Just do whatever the bond market says, OK? It’s bigger, better educated, and a sharper dresser than the both of us.
So please do me a solid and keep this thank-you note in mind when you host your virtual Jackson Hole summit. No cowboy stuff, OK? If I hear anybody mutter something about “irrational exuberance,” I swear I’m gonna blow my top and hurt a few of these Robinhood types, you got that? The Lord giveth, and the Lord taketh away. It’s what I do—and I’m good at it! But right now, this is still a lot of fun for me … and when I do end up burning folks, do you really want to be the one who gets thrown under the bus? I mean, you know you’re going to catch all the blame, right?
C’mon, Fed. We both know you’re smarter than that. What’s another few trillion?
With sincere and deepest gratitude,
The Stock Market
—Michael P. Regan is a senior editor at Bloomberg News.
Here is the link from that passage above:
Enjoyable post…….thanks…..
Yeah, I thought that tongue-in-cheek letter from the stock market to the Fed was pretty well-crafted, spot on, and humorous to boot….
… and here is another acquisition of property today by Brixton. It sold off further on this news today, so I’ve added more and now have 75% of my position back where I had trimmed two tranches back at higher levels a few weeks back.
This is precisely why buy and hold isn’t always the best strategy in these volatile miners, and most Junior explorers should simply be traded. People that say “you’ll lose your position” or “you’ll never get back in” are just wrongo in the congo. It made far more sense to sell the crazy rip higher in Brixton on Aug 10 and add on a pullback. I initially added some BBB back on (08/18/2020) when it pulled back to the gap on the charts, and just a little more last Friday (08/21/2020) when it pulled back even lower, but this news today provided an even better opportunity to add so even though I ultimately want to exit this position, I can’t pass up a good trade and I do believe Brixton has higher to go still, especially when it starts putting out some more exploration results from Thorn and Hog Heaven over the next 2 months.
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(BBB) (BBBXF) Brixton Metals to Acquire the Metla Property Expanding its Thorn Project
August 24, 2020
https://ceo.ca/@nasdaq/brixton-metals-to-acquire-the-metla-property-expanding
As a reminder (JAG) (JAGGF) Jaguar Mining has their 10:1 share rollback this week, and the consolidated shares hit the market on Thursday morning August 27th. Shareholders on record will also get their first dividend post reverse-split.
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Jeff Kennedy, Chairman and Director of the Company, stated, “The declaration of a dividend and the concurrent announcement of a share consolidation represent an important milestone for Jaguar as we believe it will create greater exposure for the Company and attract an expanded and diverse group of new institutional and retail investors in the United States, Canada and abroad. The payment of this quarterly dividend also reflects the strong confidence we have in the expected future operating and financial performance of the Company and its mineral properties including the needs of our exploration team in providing for future growth.”
Proposed Alaska Mine Faces Roadblock Over Environmental Concerns
By Timothy Puko – Aug. 24, 2020
“Army Corps of Engineers expected to recommend the mine not be allowed to move forward without additional mitigation efforts.”
Well, we start this week with an acquisition in the royalty space. I mentioned just a few weeks back that medium sized royalty companies needed to start preying on the smaller royalty companies, and mentioned Coral Gold was one of the companies to pick off… and the M&A season in royalties has now begun.
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(NSR) (NSRXF) Nomad Royalty Company to Acquire (CLH)(CLHRF) Coral Gold, Marking the Start of Its Sector Consolidation Strategy
24 Aug 2020
https://ceo.ca/@accesswire/nomad-royalty-company-to-acquire-coral-gold-marking
(NSR) Nomad Royalty is really on a roll today with yet another acquisition of a cash-flowing NSR on (NEE) Northern Vertex’s Moss Mine. I picked up some shares in Nomad as these are both fantastic royalties they gobbled up today which will pay off handsomely over time and as metals prices continue to rise.
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(NSR) (NSRXF) Nomad Enters Into Agreement to Acquire a Cash Flowing Royalty on the Moss Gold Mine in Arizona
by @newswire on 24 Aug 2020
Vincent Metcalfe, Chief Executive Officer of Nomad, commented on the transaction, “The Moss mine is generating strong gold & silver cash flows, holds considerable exploration upside on a district-scale and is located in a stable jurisdiction. In adding this royalty, Nomad further diversifies its portfolio and again strengthens’ its global presence by adding Arizona to its list of jurisdictions”.
“Northern Vertex Mining Corp. is the operator of the Moss Mine, which is targeting production of 55,000 to 65,000 gold equivalent ounces per year. Northern Vertex is currently conducting a 60,000ft drilling program and is aiming to increase the mine life past 10 years.”
https://ceo.ca/@newswire/nomad-enters-into-agreement-to-acquire-a-cash-flowing
Thanks Cory & Big Al and the KE Report contributors for another great week of daily editorials and the weekend show. It was nice to get Brian’s thoughts on Monarch Gold & O3 Mining, and the update on Silvercrest Metals from Chris, as I’m a happy shareholder of all 3 companies.
Ever Upward!