Some thoughts and facts on acadianHi,
When I read their last newsletter posted on their website.
Direct link : https://www.acadianmining.ca/LinkClick.aspx?fileticket=o8wSG6qicAU%3d&tabid=36&mid=555
The most important part of information to me was the following :
Will Felderhof, President and CEO stated, “We are very pleased to have this matter behind us and
management can now once again focus on the business of building Acadian. High up on the agenda will
be the Fifteen Mile Stream bulk tonnage gold property and the internal re-start study on Scotia Zinc-Lead
Mine.”
As we goldbugs all know and know all too well. Gold will soon be knocking at 1000's door again and this time it will not gently knock on the door,..cause this time going through the door is no longer an option. Instead gold will go through the roof.
So any positive drill results from the Fifteen Mile Stream will also send this stock through the same figuratively speaking roof.
Just have a look at all the juniors posting good results, aura silver, int northair, Fieldex, Full metals, Claude res,...the list goes on and on and on.
And mind you, most of these stocks are what I consider waaay more junior than acadian.
So with that in mind, all this stock needs is either one of these 2 events to happen.
1.They release nice results from their drilling program, preferably showing reasonable g/t at lower meters. Hey, I'm not settling for less.
2.Prices of zinc and lead need to rise beyond 0.90
When either of these events will be triggered is the same exact moment that investors will notice Acadian and start their buying binge.
How do I know that. Well, for point 2 I got in contact with management and with mr Coughlan to be precise.
Here's what he told me when I asked him what it would take to bring their mine back into production :
The price for zinc needs to be at .95range for a month or so for us to decide to reopen.
He also told me that they are working on a re-opening plan..as we speak...and to avoid confusion I'm referring to the opening of their Gays river mine. The mine which saw this stock mostly trading in the 0.sixties
What else did I learn,..oh yeah, one more thing, gold is their main focus. Very big issue this one for me, especially knowing what will happen with gold once it decisively breaks the 1000 barrier. All in all, I'm still very bullish on acadian in the long run.
What I do reckon is that the price of acadian in the future days will far surpass the high of the last year.
A clever investor will always heed these words, don't fight the trend, go with it.
Meaning, betting against pure gold, pure silver, junior/midcap and largercap gold/silver stocks is probably not the smartest ideas in the coming times ahead.
Just my 2 golden maple leafs.