Overpriced US Dollar
While in London at the recently held Mines & Money conference, Paul Harris and I discussed the stock market, gold, and the future of the US dollar:
In the linked conversation, Cory Fleck, Shad Marquitz, and I discussed my recent site visit with Irving Resources (IRV; C$0.85) and why I am very excited about the work being done there.
Here are some companies I am interested in, and at prices no higher than what I have mentioned:
- NewOrigin Gold (NEWO; C$0.04) is raising money at C$0.05. Tax-loss selling is perhaps why it has moved much lower.
- Gold79 Mines (AUU; C$0.025) recently closed financing at C$0.035. The difference is a mere one cent, but an upside of 40%. The risk is that they still do not have much money to work on their projects.
- Winshear Gold (WINS; C$0.05) should have news about the arbitration case of over $100 million starting early next year. Their market capitalization is C$3 million. They are short of cash, but in their news, they mentioned they would “wait for arbitration judgment before raising any further funding to support drilling.”
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.