by Travis Johnson, Stock Gumshoe | October 27, 2017 5:48 pm
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Travis, thanks. What an October is right ! Then Nov, and sleigh bells ! Dave
Regarding First Mining Finance, you could be right. However, my bet is that the reason that they seem to be changing their tack is nobody wants to buy these properties which is why they were so “cheap” when First Mining bought them. These “optionality plays” require much higher gold prices and even then interest from the majors may not be high because they already have lots of ounces they can add to their reserves when gold prices go significantly higher. Consequently, First Mining needs to at least show some activity they hope they can use to try to keep propping up the stock price.
Probably true — Springpole Lake is one of their more valuable properties, but they weren’t exactly in a bidding war to get it.
I wondering if there is some under lying reason such uncertainty of the future, economic stability, that is under cutting these mineral banks. I’ve been watch two developers/generators and their share has not really moved in months. One is totally in Cobalt and the other is in trending metals Gold, Lithium, and Vanadium. I’m not an experience investor has this happened before is there some flaw in the economy that might account for it.
Thanks for the thorough analysis Travis!! What’s happening with the Chinese tech stocks lately? They have been sluggish. Profit taking or lack of enthusiasm about future growth?
Some profit taking, some unease about valutions, some worry about whether economic growth is exactly what was expected or not, and probably concerns about growth and competition in a few specific names, like JD and MOMO. Nothing specific beyond that seems noteworthy to me, other than perhaps unease over the party Congress and what might come of it. We’ll see.
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