Karora is in a in an uptrend driven by:

• Strong Trailing Twelve Month Fundamentals.
• Expectation that Fundamentals results will grow in both volume and grade quality in 2021.
• Expansive property resources to grow into for years forward.
• TTM P/E at Q4 2020 March dated price of $2.55 was under 6.
• Strong balance sheet with modest debt and $80 million in cash. Baseline monthly free cash flow is in the $4 million area. This will expand in 2021 – especially in Q3 & Q4 2021.
• Technical indicators are in full on bullish trend.

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MechTech’s stock price is weakening even as others in its peer group are moving ahead. Longer-term we think MechTech will be fine, but short-term we see the others in its peer group racing ahead in fund raising and in corporate expansion. The market is rotating through different sectors. One trend is from Large cap growth to cyclical value names. Continue reading →

Gold Miners are historically cheap based on Gold Miners price to the price of Physical Gold Bullion.
Gold miners are also historically cheap on a Value Basis when viewed from the cash flow and Price/Earnings ratio, perspective. Continue reading →

The market is in a bit of a mixed performance zone. Continue reading →

From a momentum and technical perspective, it is too early to buy AU. From a fundamental and value perspective we consider AU an aggressive buy recognizing the stock is very volatile.

Prices of physical gold and silver are elevated at multi-year highs. With inflation happening and projected (desired) by treasury and the Federal Reserve, we see no change in this theme for years. The mining industry is awash in low P/E ratios. AU is in the 8 to 10 area – likely lower for projected 2021 P/E ratio. FINVIZ has the projected P/E at 7.98 and the ttm P/E at 9.58. Continue reading →

     Consider Bill Hwang’s firm, Archegos, $20 billion dollar margin call a wake-up call.

• We still do not know all the repercussions of these events as it is still unfolding. Be careful. Reduce margin debt if you are able.
• News flow on this current event is still unfolding but hopefully getting resolved.

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Best Gold & Silver Ideas

It does not take much analyzing to determine that we like commodities. We have a lot of Oil & Gas, Precious and non-precious metals.
We also have exposure to Blockchain/Crypto in MKTY and Galaxy Digital as well.
Our biggest gold position is in Karora Resources (KRRGF)* Continue reading →

We currently own two the companies above. Mechanical Technology (MKTY) and Galaxy Digital (BRPHF) Continue reading →