• Granite Creek Copper (GCX; $0.04) is being acquired. The arbitrage upside is 18%. The merger should close later this month.
• Nuclear Fuels (NF; $0.29) offers an arbitrage upside of 12%. This merger will close in September, so I am in no hurry to buy more.
• Mandalay Resources (MND; $4.50) is also being acquired. The merger is expected to close early next month. Although the arbitrage is currently only 5%, I anticipate it will increase as we approach the merger date.
• Irving Resources (IRV; $0.30) is drilling both of its projects, one with JX Mining (the biggest mining company in Japan) as a partner and another with Newmont and Sumitomo as partners.
• Aztec Minerals (AZT; $0.20) is drilling deeper at its Tombstone project in Arizona.

Here is the conversation:

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 recommendations. I will not and cannot be held liable for any actions you take resulting from anything you read here. Conduct your due diligence or consult a licensed financial advisor or broker before making any investment decisions. Any investments, trades, speculations, or decisions made based on any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.