In a recent reply you mentioned LAC (among others) has been crushed - is there any company specific reason for LAC or just the lithium theme tanking after the frenzy?
Q: I'm considering reentering Caledonia and I'm trying to figure out what is behind the recent drop. The Zimbabwe "election" seems to be resolved without too much turmoil. Gold has been weak, but with an AISC of $856 the company still has good earnings to support the dividend. Reduced taxes offset the somewhat weaker production results from the last quarter and future production increases are forecast. Finally the proposed acquisition of a further 15% interest in the mine appears to be on good terms for the company. The drop to me seems overdone and I'm thinking that a move back to the $10-11 range would be reasonable. I'm interested in your thoughts.
Q: I have been considering a small position in TV at around the present price. I hesitate though, after reading what is perhaps frustration with this stock's last 8 quarters and the company's management as well.
Could you provide some clarity. No matter the market or the business, nothing can destroy potential like management .
Q: I am curious about your views on Melior Resources. This company is largely owned by a Russian individual who owns Pala Resources and and also by Takota asset management and one other investment firm. Collectively they own about theree quarters of the shares. MLR has a mine about to be reopened in Australia and they have sales agreements in place for the products. Any thoughts on owning a part of company largely owned by others, that has no following in the business press? Any thoughts about the MLR outlook overall?
I don't own this, don't typically look into penny stocks and I've only recently been made aware of this company. However, IDM is surrounded by other projects with great resources (Bruce Jack, KSM Seabridge, Garibaldi) and they appear to have support of local communities and First Nations. Stock is trading at $0.07 and apparently have gold reserves at 7.53 g/t. The "Golden Triangle" does have some pretty incredible mineral deposits:
Q: Can I get your updated opinion on Victoria Gold. Lots of shares now but Yukon project on track it seems. Does it have enough cash and which quarter do u think it will generate revenue from this mine?
Q: I have taxable capital gains this year from previous trades. The only company that I own in my portfolio in a loss position is AEM. Would this be a good time to sell it for tax purposes and possibly buy it back at a later date?
Q: I am buying a few junior uranium companies as speculations. Can you tell me a bit about this company's cash position, debt, cash burn, and how long it could survive until the uranium market improves? Any other comments you have would also be very much appreciated. Thank you so much.