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Capitalism Morality Junior Mining Uncategorized

Where has Honor Gone? Capitalism and Morality 30 July 2022

Irving Resources

Would Black Lives Matter, affirmative action policies, multi-culturalism and the demand for diversity have emerged had the concept of honor still been a part of the backbone of the West? Here are my thoughts:

On Investments

Recently, I had a linked conversation with Cory Fleck and Shad Marquitz about three companies that had not gone up with the general resources market.

Here are some more names with my limit buy-prices:

  • Gran Colombia Warrants (GCM.WT.B; C$3)
  • Silver Dollar (SLV; C$0.66)
  • Baru Gold (BARU; C$0.09)
  • Irving Resources (IRV; C$0.92)
  • Signature Resources (SGU; C$0.065)
  • Maritime Resources (MAE; C$0.13)
  • Aztec Minerals (AZT; C$0.27)
  • Montage Gold (MAU; C$0.65)
  • Newcore Gold (NCAU; C$0.54)
  • Valterra Resources (VQA; C$0.03)

You cannot have liberty in a society where a critical mass of people is not morally conscious. A society lacking moral consciousness will invariably produce goons and tyrants. Your perfect constitution will come to naught in such a society. So, the first step should always be to develop a critical mass of morally conscious people. That is what Capitalism & Morality strives to achieve, which, if our rulers allow, will be held on 30th July 2022.

Categories
Base Metals Capitalism Morality Energy Junior Mining Project Generators Riverside Resources

Beyond the Official Narrative

Riverside Resources

My western friends would leave me if I were openly crooked. There are no such consequences in India. “Friends” in India would respect you for your crookedness if you can get away with it. And there is no social opprobrium. No wonder crookedness grows like a weed in India. Here is a conversation with Richard Kary:

On Investments

In the past, I have followed and written about Riverside Resources (RRI; C$0.135) and its CEO, John-Mark Staude. RRI is a project generation company and a very innovative one. They have several projects in Mexico, the USA, and Canada. They have C$5 million in cash and equities, making their enterprise value C$5 million, rather low for a company that has an interesting agreement with BHP, which will fund US$6.5 million in drilling two projects and generative work over the next year. RRI gets to charge a 10% fee on the expenses made, which enables it to sometimes reduce its corporate cash burn to zero. While BHP funds the projects, RRI gets to keep at least 20% ownership—100% if BHP decides not to pursue any project.

A major investor recently liquidated his position in RRI, the reason why it has fallen a lot. That is my opportunity to add to my position.

Jayant Bhandari

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