Bullboard - Stock Discussion Forum Trigon Metals Inc V.TM

Alternate Symbol(s): PNTZD

Metals & Mining Copper

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... see more

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Trigon Metals Inc > My main concern: recession

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Post by AlfTanner on Jun 16, 2024 9:59pm

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.