The Decline of the Third World
Exore Resources, etc.
The terms “emerging markets” and BRICS have so much taken over the imagination of investors that they have come to expect most of the future economic growth to come from them. What most people might not have paid attention to is that over the last decade, except for China, “emerging markets” have been stagnating. The situation in many is actually getting worse. Turkey is an interesting example. Exactly when it was getting prosperous, it was also getting increasingly fanatic. In the following article, I give my views on why these countries have an instinctive pull towards the dark ages:
The Canadian Venture Exchange has gone up by more than 100% since the middle of March 2020. I have been selling a lot. I am also moving some of my money where my downside is better protected. Here are a couple of those companies:
- Exore Resources (ERX.ASX; A$0.092): It is being acquired. The deal is expected to close by mid-September. There is a 17% arbitrage upside. Given that ERX is a small company in comparison to the acquiree, I wouldn’t be surprised if the arbitrage increases as we get closure to the merger date.
- O3 Mining (OIII; C$2.25): OIII, in my view, has the most upside for the least risk among the stocks I know. My friend, Brian Leni, recently interviewed with them, which is linked here.
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.