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Matthew Salthouse, CEO, Kainantu Resources

Matthew Salthouse
CEO | Kainantu Resources
3 Phillip Street #19-01 Royal Group Building, 048693 Singapore (SGP)

info@krl.com.sg

+65 6920 2020

Interview Kainantu Resources: "We hold the key to growth in the Asia-Pacific region".


Justin Reid, President and CEO, Troilus Gold Corp.

Justin Reid
President and CEO | Troilus Gold Corp.
36 Lombard Street, Floor 4, M5C 2X3 Toronto, Ontario (CAN)

info@troilusgold.com

+1 (647) 276-0050

Interview Troilus Gold: "We are convinced that Troilus is more than just a mine".


John Jeffrey, CEO, Saturn Oil + Gas Inc.

John Jeffrey
CEO | Saturn Oil + Gas Inc.
Suite 1000 - 207 9 Ave SW, T2P 1K3 Calgary (CAN)

info@saturnoil.com

+1-587-392-7900

Saturn Oil + Gas CEO John Jeffrey: "Acquisition has increased production by 2,000%"


29. January 2021 | 13:50 CET

First Majestic, Silver Viper, Blackrock Gold - What is the next Reddit target?

  • Silver
Photo credits: pixabay.com

The stock markets are going crazy. The Gen Z traders' battle, who have networked via the broker Robinhood and the community platform reddit.com, continues. After the trial of strength escalated between the hedge funds Melvin Capital and Citron, which bet on a falling price in the GameStop share, and the pack of gamified traders, who bought the paper in a concerted action, it now goes into the next round. The target has been proclaimed on reddit.com. It is mining stocks, primarily in silver.

time to read: 3 minutes by Stefan Feulner
ISIN: CA32076V1031 , CA8283341029 , CA09258M1014


Steve Cope, President, CEO and Director, Silver Viper
"[...] In our experience, the local communities are supportive and friendly. [...]" Steve Cope, President, CEO and Director, Silver Viper

Full interview

 

Author

Stefan Feulner

The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.

About the author


First Majestic Silver the favourite

As stated yesterday in a thread on Reddit, "The biggest short squeeze in the world $SLV Silver 25$ to 1000$". According to the author, the silver market is one of the most manipulated markets in the world. Any short squeeze in silver stocks would be "epic." Banks would also be known to manipulate gold and silver to cover up real inflation. The watchword is to buy shares of mining stocks. The main target of the young crowd of traders seems to be the stock of First Majestic Silver. Matching the pattern of previous actions with papers of GameStop, AMC Entertainment, Nokia or BlackBerry Limited: the stock has a high short ratio, a short squeeze seems pre-programmed.

The share price picks up

After the stock broke through significant resistance at the equivalent of EUR 11.80 yesterday, First Majestic Silver exploded to over EUR 17 and finally stopped at EUR 14. Today, too, the paper is up more than 10% at EUR 15.40 on Tradegate. One may be curious about the opening on Wall Street. However, one thing is sure, one does not want to be short in this title at the moment! In addition to the share of First Majestic Silver, there are other promising stocks on the silver market. If the big short squeeze announced by the Reddit author comes anywhere close to happening, the shares of silver mining explorers and producers should go through the roof.

On the heels of Pan American Silver

The business of junior explorer Silver Viper is performing exceptionally well. The Canadian explores for gold and silver in Sonora, Mexico. The Company is currently operating its La Virginia gold-silver project, which was once owned by Pan American Silver Corp. The former owners had previously drilled 188 holes totaling 52,000 meters between 2010 and 2012. Silver Viper is using this historical data to define new target drilling. In the El Rubi zone, high-grade precious metal grades were identified in recent months. Additional drilling has shown a southern extension of the mineralized zone and the continuation of existing mineralization trends. Furthermore, management reported that test results should also indicate a high recovery rate of precious metals. With a good cash cushion of approximately CAD 3.5 million, exploration work is expected to be significantly expanded in 2021. The market capitalization is currently EUR 14.25 million. The share price is rallying strongly in parallel with First Majestic and closed yesterday at CAD 0.47, up 5.68%.

Blackrock in gold and silver

Also of interest is the stock of explorer Blackrock Gold, which is working on two very promising projects in the US state of Nevada. At Tonopah West, there was reason to celebrate at the end of December. Due to positive results, the Victor gold vein had to be extended by almost 500 meters. Also, the gold and silver discoveries were significantly above forecasts. Thus, in the full year 2020, the Company achieved 14 gold and silver discoveries with peak four-digit results in grams per ton. Further drill results are still pending for 2021. Should these also turn out positive, Blackrock Gold will still become a precious metals producer in 2021.

Spin-off lifts value

Blackrock Gold's second property is also performing positively. At Silver Cloud, the Canadians were able to announce the start of a 3,500-meter drilling program. The area is attractive because the geology shows many similarities with the Hollister mine operated by Hecla Mining. Here, the Company is currently evaluating whether Silver Cloud could be the extension of the Hollister mine. Management is also planning to transfer the project to a new company as a spin-off, bringing significant fantasy to the share price. At the moment, Blackrock Gold is at CAD 0.72 after a daily high of CAD 0.83. Here, too, the community seems to have already taken up the fight.


Author

Stefan Feulner

The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.

About the author



Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.


Related comments:

22. September 2021 | 13:33 CET | by Stefan Feulner

Steinhoff, Silver Viper, BYD - Buy when the guns are thundering!

  • Silver

Right now, it is not an easy time for silver fans. After Reddit traders joined forces at the beginning of the year and shot the precious metal not "to the moon", but at least to a high of USD 30.06 per ounce, a sharp correction started, which has led to around USD 22 as of today. Technically, there is still room to go down. Still, from a fundamental perspective, silver is a clear long-term buy because the white metal can support in crisis and is also crucial for producing renewable energy.

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17. September 2021 | 11:59 CET | by Armin Schulz

First Majestic Silver, Silver Viper, Millennial Lithium - Rally Ahead?

  • Silver

A rally in silver was already predicted at the end of last year. The reason was the corona-related 5.9% drop in production. It is the most significant decline in over 10 years, and thus there was a shortfall in supply. In addition, there is strong physical demand, which you can see well on Reddit if you search for "Silverbugs". There, people proudly present their hoarded silver stocks. Since the panic selling at the beginning of August, the price has already risen by 11%. High inflation could give the silver price a further boost. For lithium, on the other hand, the rally is already in full swing. The lithium carbonate price has more than doubled since the beginning of the year. We analyze three companies from these sectors today.

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08. September 2021 | 10:42 CET | by Nico Popp

JinkoSolar, Silver Viper, Plug Power: Shares for the energy transition

  • Silver

Clean energy does not work without technology. The energy transition can only succeed if photovoltaic systems or even wind turbines are state-of-the-art. It is therefore essential that there are companies that lead the way technologically. This can be achieved with new products, daring plans, or in a classic way: by promoting suitable raw materials.

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