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Trigon Metals Inc V.TM

Alternate Symbol(s):  PNTZD

Trigon Metals Inc. is a Canada-based exploration and development company. The Company is focused on copper and silver holdings in mine-friendly African jurisdictions. The Company has operations in Namibia and Morocco. In Namibia, it holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia generally recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the producing Kombat Mine. In Morocco, it is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects. The Silver Hill is a 16 square kilometers (km2) property located in the Anti-Atlas region. The Kombat Mine is located in the Otavi Mountainland on the Northern Platform Margin of the Damara Orogenic Belt. Its Kalahari Copperbelt Project includes a substantial land package in Namibia with primary Exclusive Prospecting Licenses (EPLs) covering 280 km along the strike of the Kalahari Copper Belt.


TSXV:TM - Post by User

Post by AlfTanneron Jun 16, 2024 9:59pm
98 Views
Post# 36091468

My main concern: recession

My main concern: recession
I plan to buy some Trigon stock now that the reverse split is complete.  I think the US symbol is PNTZD for now, but I think it will switch back to PNTZF after a few weeks.
 
My main concern is that a recession will hit the US after the election.  Biden has been an absolute disaster, and the only thing holding up the economy has been out of control government spending.  I think the economy in China is bottoming, but I do not expect a big recovery in China anytime soon.  A weak economy usually means a drop in the price of copper.
 
Trigon is starting slow with the mine start up, and the cost of production will be relatively high for the next year.  A drop in the price of copper as the US enters recession will come at a bad time.
 
If the stock price does drop, I plan to buy more as long as the company is executing its plans.  The recession will end at some point, and the long-term fundamentals for copper are very good.
 

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