Tales from the Covid Bunker: Day 2

VIDEO: Today's 'End of the World' soundtrack comes from Nick Cook at Mawson Resources - The Knack: My Sharona - Nick win's Mawson a 'Rock of the Day' feature!

IN THE SPOTLIGHT: ME

'From wilderness to resource - and those who ‘Make it so!’

The most read article in Coring Magazine in 2019 was written by... Me. Thanks everybody! I'll be accepting the trophy and applause at a ceremony in the local pub, via skype due to travel restrictions, oh, and it's a scribbled beer mat, not a trophy.

Thanks to Tim, Martina, Grigor and the Coring team for letting me splurdge words into your magazine and also a huge thanks to Anatole Tuzlak, for providing the exceptional photos (the header of this article being my favourite, and probably the real reason people clicked, even though I'm taking all the credit!).

Read the article HERE

Rock of the Day: Nick Cook introduces PALE204, Mawson's first reported gold intercept of 2020 at 10.6g/t

ALRIGHT, I'M BORED ALREADY.

Only the second day of fourteen recommended by our host government and I’ve created all the experimental snacks with our survival food, I’ve layered various cheeses with vegetables and sliced meats to make the most exciting crackers I can and had 2 long soaks in the bath. Some of you who know me will be well aware, I’m not good at sitting still, or being in the same place for very long!

Alas, at least the mining market ended on a miniature 2% ‘dead cat bounce’ (as our #Mintwit friend Jeb described it). I assume with everybody stuck at home reading our blog, staring at projects and headphoned up, in a desperate effort to avoid the odd sounds their neighbours are making, companies are going to experience some slight wobble in trading.

Notably on my watch list, Riverside bounced back to where they were a week ago (Which can only be because of our exceptional coverage!), Regulus Resources are up a depressing €0.03 to €0.40 (down from €0.77 3 weeks ago!). Mawson had a nice little Friday recovering 12.8%, but still ending 13.3% down overall on the week. Things are moving along for some and there’s hope glistening through the trees in the distance for some balance.

Why am I confused? Producers and those with cash are still crashing…

Anaconda ended 29.2% down this week, they’re in a remote part of the world, unlikely to be affected by the virus, with big exploration potential and reasonable production (their own cash!).

Matsa Resources ended 32.9% down and they’re also producing their own gold in the remote Australian outback and unlikely to suffer any real impact to their production or expansion.

Agnico are down 38.9% and they own most of Canada!

With the value of gold dancing up day on day, producers in remote locations away from the panic are about to make a killing… Finally a lack of infrastructure is a positive thing for production so, why doesn’t anybody want to own them?

The companies recovering slightly are the high/mid-risk companies, which suggests people are positioning for chaos based on historic recoveries (or just blind luck!). There was a graph going around twitter of a 700% recovery explosion from after some crash or other (I don’t really read things with boring fonts and paint level production, they just upset me!). I think we’re seeing this as a ‘get rich quick load up’ and I have thrown a few chips into the ring of sadness... But kept enough back to pay the rent and replace the cheeses and meats from our emergency box...

I mixed up my bargain-basement purchases this week with an increased holding of Australian Vanadium, who now have so much government backing, they may as well be a state company. I bought some NuLegacy at €0.03 because, it was one of the cheapest companies on the market with a mediocre chance of hitting something, cash in the bank and majors nearby.

I also diversified a little (sorry Mining world, with increased research time, comes increased inspiration!). I tucked a little pocket money into a Clean Energy ETF. I think right now, oil is cheap and green projects are stalling a little (so the ETF is 27% down), but the oil price is completely unsustainable, its edging below production and exploration cost for any developed country so… Either it reverses, government subsidises production (dangerous and widespread eco-protests would follow), or hydrocarbons cease to be produced altogether in the West.

I’m hoping for the latter. I’m tired of people waving Texan flags and shouting about how shale gas is a ‘gaaawd given raaaaight’ (feel free to replace Texan with Albertan, and shale gas with sands, as you like). I’d like to hand them a little wind turbine and tell them they’re now superfluous to existence and let them sit in a quiet corner out of my way for the rest of existence… 100% through spite and generalised dislike of character. Sorry Oilers.

What do I have to offer you in terms of interesting content today?

Well… I did some writing in the Prospector this month…? Read my thoughts on the Appia energy REE/Uranium plays in the Athabasca basin, as well as my attempts to simplify the nomenclature of ‘Osisko’ which is, possibly, 4 companies, owned by 2 companies, who in turn own each other’s shares and then, something else, I’ve forgotten. It’s all written HERE
Wishing all well, here's to another lovely day in paradise! Please email, tweet and message to ease the boredom of stillness. PLEASE.

Liam
Spotlight Mining

Ahead of the Curve Content: Andrew O'Donnell - The Upside is Incredible, Now is the Time for Mining Stocks (From Investoing News Network at PDAC)

IN OTHER NEWS:

  • Huge 52.7g/t gold hit over 2m for Mawson in Finland - HERE
  • EMX sell properties in Sweden - HERE
  • GeophysX Jamaica review now online in The Prospector Magazine - Read it HERE
  • Riverside Doubles Land Position at Oakes and Progresses the Ontario Portfolio in the Beardmore-Geraldton Greenstone Belt - Press Release HERE.
  • FWZ see benefits of $71 million in upgrades to Macmillan Pass zinc project's roads - HERE