Today is the final day of the Beaver Creek Virtual Conference with one-on-one meetings lined up one after the other between company management teams and investors. I'd say the conference has been a success overall and i've learned quite a bit over the last two days.
Notes have been posted in the Trading Lab, however, i'll summarize by saying I like Lion One (TSX-V:LIO) and Kore Mining (TSX-V:KORE) as attractive takeout targets in 2021. I also like the management teams of these two companies as they aren't focused on their projects as science projects (as opposed to many other junior mining management teams), but instead approach things from a practical "how can I maximize value for shareholders?" standpoint.
Ely Gold Royalties (TSX-V:ELY) is another good one and I like the longer term ELY chart. This is a company that is currently trading a little bit below its net asset value (NAV) and carries an impressive portfolio of exploration assets/royalties. The exploration portfolio counts as a big zero towards its NAV, so there is a lot of upside potential there that could get unlocked over the next several years.
I don't own ELY, KOR, or LIO currently but i'd put them near the top of my shopping list in the event the current precious metals correction carries on a bit longer, and runs deeper.
Yesterday, I was pleased to see two large insider buys in two stocks that I DO OWN. Canada Nickel (TSX-V:CNC) Chairman & CEO Mark Selby plunked down about C$157,000 to scoop up another big chunk of CNC shares on the open market:
As a shareholder I love to see a CEO building out a massive position in his company. Selby is aligned with shareholders with tons of skin in the game. The oversubscribed bought deal financing gives CNC the runway to get all the way through the feasibility study (FS) stage and into late-2021 while drilling out Crawford and exploring other attractive targets across its large property package, including Kingsmill and Nesbit North etc. This financing also serves to bring in new institutional investors who are interested in buying big blocks of stock at one time, and then accumulating additional shares through open market purchases and/or future warrant exercises.
Support is holding so far and risk/reward is very attractive in CNC with roughly 10% of downside to the bought deal financing price at C$1.50, and easily 100% of near term upside as CNC produces more drill results from the PGM Zone at Crawford, an updated resource estimate, and continues to step out across its properties into greenfield targets over the coming weeks/months.
VanGold Mining (TSX-V:VGLD) director Dan Oliver made another open market purchase through his Myrmikan Fund yesterday:
VGLD looks like it double-bottomed at C$.15 recently and new highs could be on the way over the coming days/weeks as the company ramps up to extraction of the underground ore stockpile at El Pinguico, and then eventually targeting the Veta Madre Vein with diamond drilling at El Pinguico.
VGLD. V (Daily)
Disclosure: Author owns shares of CNC.V and VGLD.V at the time of publishing and may choose to buy or sell at any time without notice. The author has been compensated for marketing services by Canada Nickel Inc. and VanGold Mining Corp.
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