Eros Resources, etc.
What will the post-covid19 world look like? Would China be able to emerge out of the crisis? What will happen to the West? Maurice Jackson and I also discuss the future of Western civilization and that blacks in the US should look for better heroes—this discussion happened before George Floyd died:
I have for long written about an instinctive pull that the Third World has for subsistence living and dark ages. One has to watch them closely, unhindered by political correctness, to appreciate how, as if guided by some destructive intelligence, they destroy any quality of civilization bestowed upon them by the European colonizers. Here is a discussion on how Indians are on a suicidal path:
One of the best ways to make a quick money at low risk is to participate in rights offerings. Buy a minimal number of share rights, and then apply for over-subscription. Here is one offering currently in progress:
Eros Resources (ERC; C$0.09): I am not suggesting to buy ERC, but ERC.RT, the share rights (which convert to shares for C$0.05 per right). On a post right offering basis, the book value of ERC, according to my calculation, will be C$0.09 per share. So, how would I play the rights? I would buy 1,000 ERC.RT, which might cost me only about C$20. These rights will trade until 7 August 2020. A few days before the expiry of the offer, I would ask for a large over-subscription. Anything that you end up getting in over-subscription could make you an 80% profit. Of course, you don’t always get your over-subscription filled, but it is worth trying. Make sure to check the circular to see if the country you live in allows you to exercise your share rights.
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