Hindu vs. Islamic Fanaticism
There has been a lot of tension in India over blasphemous comments by a spokeswoman, Nupur Sharma, of the ruling BJP party. We like to see events as Good vs. Bad when so much of what happens looks muddled on closer inspection. I have no love for Islam and the fanaticism it engenders. But I often wonder if Islam is by itself the root cause of problems. India is rapidly becoming a Hindu fanatic nation with the help of demagogues like Sharma. Politicians like Geert Wilder might see this as a counter to Islamic fanaticism, but, ironically, Hindu fanaticism is inward-looking, xenophobic, and if you have to be specific, also, anti-Christian, amoral, and feral. In the final analysis, it does not matter whether Hindus are right or Muslims, but India is becoming a worse hellhole with time:
Aris Gold (ARIS; C$1.65) is being acquired by GCM Mining, a company I have written about in the past. The merger will increase liquidity in the stock market, significantly reduce corporate and administrative expenses, remove the ARIS share price overhang because GCM owns 44% of its shares, and nullify the capital gains tax that GCM would have had to pay had it sold its ARIS shares. The merger will give the merged entity better financial muscle to put their project in Guyana into production.
ARIS shareholders will get paid 0.5 shares of GCM. There is a slight arbitrage in owning ARIS. But for the retail investor, a much better way to invest would be by buying GCM Warrants (GCM.WT.B; C$1.20).
The venture market has likely bottomed. Here are some companies that I am keen on accumulating:
- Irving Resources (IRV; C$1)
- Aztec Minerals (AZT; C$0.24)
- O3 Mining (OIII; C$1.64)
- West Vault Mining (WVM; C$0.98)
- Austral Gold (AGLD; C$0.04)
- Minaurum Gold (MGG; C$0.18)
- Harfang Exploration (HAR; C$0.24)
- Montage Gold (MAU; C$0.47)
- Newcore Gold (NCAU; C$0.26)
On 20th August 2022, we will hold the next Capitalism & Morality seminar. If you decide to attend, I will see you in Vancouver soon.
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