Musings on Investing

Posted By: Jayant Bhandari November 1, 2024

The Wretched of the Earth

Here is a discussion Gabriel Custodiet and I had on why tyranny exists in the Third World, why it is so difficult for a European to experience the Third World, and why sweatshops are a godsend to them:

On Investments

Shad Marquitz and I discussed a few opportunities in a recent discussion:

Here are the names that I mentioned in the discussion and some more (as usual, I unflinchingly stick with my limit orders):

  • ALX Resources (AL; $0.025): A merger with a >30% arbitrage upside that should close next month.
  • Signal Gold (SGNL; $0.08): There is a decent arbitrage upside of ~20%.
  • Bluestone Resources (BSR; $0.30): The cash or shares offered for the merger are similar to the current share price. But there is a cash component of $0.212. I give this future cash a discounted value of $0.075, giving me an arbitrage upside of 25%.
  • Florida Canyon Gold (FCGV; $0.67): Although it has gone up quite a bit, it still has an 8% arbitrage upside.
  • Aztec Minerals (AZT; $0.225): They continue drilling at their project in Arizona (USA). I expect good results.
  • Irving Resources (IRV; $0.30): Drilling at the Yamagano project continues. They are about to start drilling at the Omu project.

I recently read Gabriel Custodiet’s fabulous book Privacy and Utopia. In it, he discusses how utopian ideas emerged from mechanistic thinking in the late 19th century and ended up in dystopia. Are professional intellectuals responsible for our predicament?

Jayant Bhandari

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