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 ... well, 6 companies a 30 minutes without any real break are too much for 1 day ...
avino silver's CEO david wolfin presents his company at hotel platzl, munich
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 as they usually issue new 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 well known hotel platzl in the very center of munich, where i've never been in before. to be honest, 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, lets try to find few pros here:
- the food / lunch was delicious
- the conference room was fine and even somehow nice
- they've had a shoe polish machine 💕in the corridor in their conference area
the traditional hotel platzl, munich
historical views at silver one's project candelaria, nevada, usa
who was here today?
- avino silver (TSX: ASM, NYSE: ASM) ~ it looks quite good for the company. they have opened a new silver mine in mexico in Q4/2024 and thus increased their production + cash flow + profit + share price as well. i've already few shares and i've bought few more, so i'm happy to see that my company is doing well
- silver storm mining (TSXV: SVRS) ~ they try to re-open the former 1st majestic silver's (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 => i've bought few shares in order to watch the company's development in my portfolio
- alta copper (TSX: ATCU) ~ copper project in mexico. i have few shares of alta copper already, which i've got after a chain of bankrcupcies / take-overs / M&A ... e.g. 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 lost the opportunity to invest that money smarter for many years. that is what i ment above telling ya i've lost that much money with junior mining aka roadshow companies before ...
many other companies did even worse than that or are already bankrupt today. unfortunately even 5 - 7 of my really big positions, especially silver + gold miners (not explorers!) like great panther silver + alexco mining + andover mining + americas gold and silver (former scorpio mining) + scorpio gold + jaguar mining + first mining gold + world copper + sterling mining + minco silver + ....
thanks goodness, there are also 4 companies which did really fine and they probably overweight the many brutal losses. it is 1) amerigo resources (copper + molybdenum in chile), 2) wheaton precious metals (former silver wheaton, a royalty company in the precious metals business), 3) hudbay minerals (copper in canada + peru + usa + australia (?). btw, i didnt invest in hudbay directly. i was shareholder of altona mining, which was taken over by copper mountain, which itself was taken over by hudbay) and 4) agnico eagle mines (gold in canada. btw, Ag silver + Ni nickel + Co cobalt = AGNICO, got it? 😄 well, i've got my biggest share blocks of agnico by its takeover of osisko mining in 2014 and of kirkland lake gold in 2022. few more shares also via detour gold, which was taken over by kirkland in 2020. i've owned also few shares of agnico directly, but by far not that many as via its osisko + kirkland acquisitions)
=> anyway, i have bought few cheap shares of alta copper at 0.43 few days after this road show and reduced my average price from 2.80 to 0.68 CAD. let's hope it makes sense🍀
- u.s. gold ~ no! it is not the former rob mcewen's company ... why not? rob mcewen changed the name to mcewen mining and dropped the old u.s. gold company name and the old website, so luke norman & his team took opportunity to grab it ... u.s. gold is 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. the share price looks much too high right now maybe as a result of the current roadshow, so i've placed a very low limit order for this stock. if it comes a little bit down i will probably increase my limit and buy it, even if there is almost no trading volume at all ... and most of the trading is done in germany, which is really strange for a canadian company ... it looks like if the company survives just thanks to its promotion to german investors ....
- silver one ~ a small silver explorer with projects in nevada, usa. luke norman is also here on the board, whatever that means ...
i've bought few more shares of avino and a small initial position in silver storm + u.s. gold + silver one + increased a litle bit my almost bankrupt alta copper stake (a day or two later) in order to watch the development of all these companies via my portfolio. i dont like to create watch lists, so i better invest few bucks and try to become familiar with all 'my' companies. of course, i do not comply too much if such an investment gets lost completely, you know?
maybe just to enter the market cheaper, 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) fell the markets even much worse. at least almost all stocks were cheaper than few days before and i've bought few shares of some of my favorites. 😄 btw, why all that market crash?
A.) someone already knows usa is going to start a war against iran or the like
B.) it also could be a reaction to president donald trump's tariffs which he plans to impose on many, many coutries which will reduce the world trade. trump calls it reciprocal tariffs (and means retributive justice?). 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 😇)
just in case you asked yourself in what kind of business i will invest in my next life, it will be technology stocks like google, amazon, nvidia, facebook, sap, oracle, microsoft, .... or i will invest my time, money and energy in s.th. more related to 'save the nature' + people + family + relationships 💕
eof
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