Eric's Weekly Wrap-up, 20 Sept 2019General stuff
- JP Morgan indictment by DoJ (racketeering)
- His investment philosophy
- bought more KL at $58/s just last week (initial investment was at $4), now KL is at $62. Eric like the fundamentals at KL which has dropped by 16% to around $58 form $67 (flooding at Mascasa, but the rain has stopped).
- Not a beep on RNX.
If he does not want to pay 0.06-0.07 for the wts, he could just buy the share from the market, before Paul Huet issues more good NRs (it would be cheaper to pay 0.40/unit to get the free 1/2 warrant).
However, some people roll the dice for those 0.50 warrants, since one bonanza hit like FDV discovery during the next 24 months will make those wts shoot up like a rocket.
GH11
https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-92019