Erik Wetterling – Sharing His Investing Thesis For Dolly Varden Silver, Lion One Metals, and District Metals
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me for a candid discussion on 3 of the resource companies he is constructive on, based on the company work strategy and potential value creation in the medium to longer-term time horizon. The companies discussed are Dolly Varden Silver (DV) (DOLLF), Lion One Metals (LIO) (LOMLF), and District Metals (DMX) (MKVNF).*
*In full disclosure, the companies mentioned by Erik in this interview are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.
* In full disclosure, Shad is also a shareholder of both Dolly Varden Silver and Lion One Metals at the time of this recording.
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Though not yet quite as explicit, SILJ:QQQ is confirming the message:
https://stockcharts.com/h-sc/ui?s=SILJ%3AQQQ&p=D&yr=0&mn=11&dy=0&id=p15292959597&a=1478719364
I do like some silver miners!
Interesting close for the Canadian dollar:
https://stockcharts.com/h-sc/ui?s=%24CDW&p=W&yr=3&mn=9&dy=0&id=p23868940221&a=1453070682
Nice follow through from PAAS:
https://stockcharts.com/h-sc/ui?s=PAAS&p=D&yr=0&mn=5&dy=11&id=p08906161403&a=1477932765
I’m ready for PAAS to make a big move as I’ve owned it almost 30 years. WPM has made me a lot more money but PAAS may catch up one day.
I also own Dolly Varden and Lion One! I still own PGE Stillwater amongst others. Stillwater is so unloved! LOL! DT
Talked to the Metallic group in Canada recently. Got pitched on Stillwater and the first impression was that it sounded quite cheap!
/THH
GDXJ ended the week nicely (down just .42% and UP 1.03% vs GLD):
https://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=7&dy=0&id=p36907540365&a=1467275492
AG:SLV is up 23% since bottoming in June and just put in its best close since April.
https://stockcharts.com/h-sc/ui?s=AG%3ASLV&p=D&yr=0&mn=11&dy=0&id=p36880159729&a=1478752599
Even SILJ/silver stocks in general bottomed 2 months ago versus silver.
https://stockcharts.com/h-sc/ui?s=SILJ%3ASLV&p=D&yr=0&mn=11&dy=0&id=p99949972148&a=1478754070
Wesdome Gold Mines also made a clear statement today.
https://stockcharts.com/h-sc/ui?s=WDO.TO&p=D&yr=0&mn=11&dy=0&id=p82263130955&a=1478785223
An awful lot of self-professed contrarians are about to find out the hard way what it really means to be a contrarian.
In this interview with Erik, he mentioned how K92 went from developer to single asset miner, but then used their organic revenues to keep making discoveries, grow their deposit, and became a great success story of using production to fund exploration and grow.
A listener sent over this annotated chart of K92 showing the price action in tandem with a string of exploration news releases to illustrate this point visually. See below:
https://cdn-ceo-ca.s3.amazonaws.com/1ideb87-K92%20Chart%20Annotated%20with%20Exploration%20News.JPG
The message here is quite clear: Sell stocks, Buy silver miners
https://stockcharts.com/h-sc/ui?s=AG%3ANVDA&p=D&yr=0&mn=11&dy=0&id=p87712028767&a=1478484349