there was a looong and quite interesting silvercon aka silver conference aka roadshow of 6 junior mining and/or exploration companies in munich today.
6 companies => 3 hours => tasty lunch => back to my office to finish some stuff today
avino silver's CEO david wolfin presents his company at hotel platzl, munich
... COMING SOON ....
it was like a deja vu experience for me as i've stopped to join this kind of conferences / road shows few years ago, well before the corona plandemic in 2020 ... why? easy! i've generally lost money when i've invested in this kind of small caps. they usually make roadshows / investors' lunch / investrors' presentations in order to collect money for the next round of financing (they usually issue new stock shares) in order to continue drilling & operating in general sence ...
why did i attend this time? there was 1 company (avino silver) which i like and the show was in the famous hotel platzl in the very center of munich, where i never been in before ... well, i didnt like the hotel at all .. not nice from outside, not nice and not any special from inside ... no nice views out of the windows .. you name it 😄
after all that cons here few pros:
the food / lunch was delicious
the conference room quite nice and okay
they have had a shoe polish machine 💕in the corridor in their conference area
so who was here today?
- avino silver (TSX: ASM, NYSE: ASM)
- silver storm mining (TSXV: SVRS) ~ they try to re-open the former 1st majestic silvers (TSX: A, NYSE: AG) la parilla mine in the state of durango, mexico. btw, 1st majestic is the single biggest shareholder of silver storm today
- alta copper (TSX: ATCU) ~ copper project in mexico. i have fee shares of alta already, which i've got after a chain of bankrcupcies / take-overs or M&A ... copper fox, ... my acquisition price is $2.80 and the stock trades at $0.44 today. that means i've lost 84% of the money invested and also tlost the opportunity to invest that money smarter ... => thats what i ment above telling ya i've lost that much money with raodshow companies before ...
- u.s. gold ~ no! it is not the rob mcewen's company ... why not? rob mcewen changed the name to mcewen minig and dropped the old u.s. gold company name and the old website, so luke norman & his team took opportunity to grab it ... an explorer / producer with gold / copper / silver projects in wyoming, idaho and nevada, usa
- tocvan ventures (CSE: TOC, OTCQB: TCVNF, FSE: TV3) ~ a really really small silver explorer in the state of sonora, mexico
- silver one ~ ~ a small silver explorer with projects in nevada, usa ... luke norman is on the board here too
i've bougt few more shares of avino + very few shares of silver storm + u.s. gold + silver one today, just to see them in my portfolio. i dont like to carry watch lists, so i better buy few shares in order to watch their development and do not really comply if the investment gets lost completely, you know?
today was a catasrophic crashy day in the markets: silver was down 6%, dow jones 3.98%, S&P 500 4.83%, nasdaq 100 5.41%,m oil 5%, gold 1.5%, ... next day (friday) even much worse. well. why all of that?
A.) someone already knows usa is going to start a war against iran or the like
B.) it also could be a reaction to donald trump's tariffs which he plans to impose on many, many coutries and he calls it reciprocal tariffs (and means retributive justice?) or the like. you know what? if you asked me, he mixes up tariffs with trade deficits as the most countries from his board do not impose such tariffs on u.s. goods & services (e.g. serbia does not have 74% tariffs on u.s. products, but it has 74% trade surplus with usa 😇...
anyway, so at least all stocks were cheaper then the day before, wasnt they? 😄
i've placed also a limit order for tocvan resources ... as according to its tiny market cap it seems to display a roadshow effect and the stock will come down after all these roadschows ends ....
No comments:
Post a Comment