Musings on Investing

Illusions of Keynesianism

Guyana Goldfields, etc.

Keynesian economics aspires to create something out of nothing. Underpinning it is the magical thinking of those who have physically grown to adulthood but who have failed to give up the romance of childhood. It also works very well for psychopaths who aspire to rule over and feed on gullible masses, and to rise to the positions of leadership. It is this marriage of magical thinking of the masses and psychopaths that enables Keynesianism to survive and has now been made worse by MMT.

Here are some thoughts on Keynesianism, how easy it will be to have a trade war with China, and whether India is the next China:

I have written a lot on how the Third World has been destroying its institutions since the time the colonial powers departed. China is one of the rare exceptions. India has been certainly on a downward spiral for the last seventy years, with no hope in sight. Here are some thoughts on the horrendous consequences of the curfew enforced in India:

On Investments…

This is a season of mergers, rights offerings, and financings. Here are some companies I am paying attention to:

  • TMAC Resources (TMR; C$1.50): They have a buy-out offer at C$1.75 per share, offering a 17% arbitrage upside. The shareholder vote is later this week, but you can expect a delay in government approval, given the sensitivities around the area that the project is in. It is even possible that the government might not allow this buy-out to happen.
  • Guyana Goldfields (GUY; C$1.73): They too have a buy-out offer, at C$1.85. The upside is 6%. This is not bad for a merger that will very likely go through later next month.
  • Mirasol Resources (MRZ; C$0.33): MRZ is trading not much higher than its cash value. If the option agreements with Newcrest continue, I see an easy 100% upside in owning MRZ.
  • O3 Mining (OIII; C$2.17): They have recently closed their financing. O3 continues to trade at a significant discount to its value. Moreover, I hardly see any risk at the current price.

Warm regards,

Jayant Bhandari

Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendation. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.