Byron King, geologist and writer with the Paradigm Press, joins us to discuss the junior precious metals and base metals resource stocks struggling to outpace dilution with value creation, and why he still remains very constructive on the energy sector.
We start off pointing out that many companies have raised money over the last 2 years, gone out and executed on work programs delivering on exactly what they guided they would and that this value creation was not given hardly any value by the market. As investors have continued to shrug off most resource expansion and economic studies or development milestones, many companies have been forced to pare back spends and work programs, and have shifted back more towards discovery drilling once again.
We wrap up with the energy sector and how the global economic is not going to be phasing out oil, nat gas, coal, nuclear, in place of renewable energy and batteries any time soon, but rather we are going to need all the energy inputs to feed the growing demand. For these reasons he is still very bullish on the energy stocks.
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Click here to visit the Paradigm Press website to keep up to date with Byron.