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December 22nd, 2020
Dear Valued Readers,
We would like to wish all our readers a Very Merry Christmas and Happy Holidays!
2020 has been a very stressful year and I hope you all get to take some time off and get some relaxation time.
When we last wrote, gold had just dropped about $150USD per oz. Now almost a month later we have it up almost $100USD per oz from the November 30th lows. Gold has pulled back about $40USD/oz since yesterday and I think it is primed for a push to $1932 shortly.
[ Chart ]
Oil was on a massive run from $33.70 to $49.17 and it needed a correction of some kind. It fell as low as $46.23 yesterday and is currently at $47.19. I have a feeling it drops back to the $44 support point, or maybe the $42 (50% fib retracement). [ Chart ]
One of our featured companies is having an amazing day today!
American Manganese $AMY #TSXV closed up .27 to .57 +90% on 9.7M shares traded. No news today but lots of buying. Check out their information below!
Have a great rest of the week everyone!!
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Featured Articles / Media:
[ YouTube ] Sprott Weekly Wrap Up with Chris Vermeulen - The Technical Traders Ltd.
[ Mining Stock Education ] Fund Manager Warren Irwin Discusses Gold, Uranium, Coal, etc
[ The 2020 Gold Summit ] Cambridge House International - Multiple Company Interviews
If you would like to feature your company please reply to the newsletter with information about your company's projects, share structure, and contact info.
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The Editor's Watch List:
*** I own both of these names and even bought some more last week.
Colonial Coal [ CAD TSX - Venture ] currently at: .89
Web Site: https://www.ccoal.ca/
52 week High .94 Low .21
Must Read Research Report which I found on Twitter: [ Read it ]
In a presentation I watched the CEO stated the company is currently for sale.
Approx. 700mt of Metallurgical coal proven in two properties in British Columbia.
Metallurgical coal is needed for the making of steel.
A very important news release: November 10th, 2019 - Colonial Coal Announces the appointment of Partha S. Bhattacharyya to its board of directors.
"Mr. Bhattacharyya is the former Chairman and Managing Director of Coal India Limited, a
coal-producing company headquartered in Kolkata, West Bengal, India. Mr. Bhattacharyya holds a post graduate degree in physics from Jadavpur University, Kolkata, and a diploma in finance from ICFAI University, Hyderabad. Mr. Bhattacharyya is also a Fellow of the Institute of Cost and Works Accountants of India and the World Academy of Productivity Science. Mr. Bhattacharyya joined Coal India as a management trainee in 1977. Prior to joining our Coal India, Mr. Bhattacharyya was the Chairman and Managing Director of BCCL, where he played a crucial role in the turnaround of the company, which had been reporting losses since its inception."
Mr. Bhattacharyya is an important board member that has ties to Coal India, the largest coal producer in the world!
Most of the important information is in the report. Also have a look at their website.
I'll be covering this one for a while and will have more in depth details in our next newsletter.
Benz Mining Corp [ BZ TSX - Venture ] currently at .86
Web Site: http://benzmining.com/
52 week High .92 Low .05
Corporate Presentation - October 2020: [ Read It ]
2020 was a great one for Benz Mining. From a low of a nickel up to .92!
I missed out on the early run but started buying in the upper .30s.
In August of 2019, Benz entered into an option agreement to acquire 100% interest in the former producing Eastmain Gold Project located in the James Bay District, Quebec for CAD$5 million.
In 2020 Benz went through a bit of a restructuring. New CEO, board members, multiple financings, and tonight their Australian listing starts.
The new group was involved in Bellevue Gold, an Australian company, that went from pennies a share (2017) to $1.37 (2020). The rise in market cap was amazing, going from a few million market cap to almost $1B in market cap at the high. The company is a gold explorer which has found over 2M+ oz of gold in 24 months.
They liked the Benz Mining Eastmain project so much that they got involved and now Evan Cranston has been named Chairman. Read about management in the presentation.
The company's stock did not waiver much over the past year, up, up, up.
The company closed a CA$13.2 million financing on October 30th and with the Australian listing, it will add another AUS$2 million. $13Million of the Canadian financing is a flow through which means it has to be spent on exploration.
Current Eastmain resource:
Indicated: 236,500 oz @ 8.19 g/t Au Inferred: 139,300 oz @ 7.48 g/t Au
The company will be drilling 50,000+ meters on the property to expand and prove up more gold oz. 2020 will bring lots of news with this much activity.
Read the presentation, view the website, and I'll be covering this one as the story unfolds.
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*** I am not an advisor. I do own these stocks and bought all my shares in the open market.
I am not being paid by these two companies. Please do your own research. These are my opinions and not a recommendation to buy or sell. Speculative stocks are very risky. |
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