7 Comments

Nice write up man, like you said, I’d also be very careful with Blue Sky, I honestly think it’s a proper shit co - but it won’t matter when Wall Street try to fit into any part of uranium sector they can - so an OTM call option for sure.

There are a couple of pumpers on Twitter, but to me it looks like they sold out all the upside to Ivanna meaning they’re only left with about 20% of that NPV if COEM exercise the full option from the agreement.

They’ve had to do some of the worse private placement offers (life offering) I’ve heard about in Canada, which means their warrants are off the charts with shitty brokers - these will likely continue since they didn’t get any money for the Ivanna deal.

Glad you mentioned Peter Mullens, I recently had dinner with him here anything he’s involved in is worth watching - one of Australia’s most famous geologists from his work in Argentina - Navidad deposit!

Keep up the good work!

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author

Thanks for your kind comment!

I am suspicious of junior miners and developers because I have generalist knowledge in geology, so too easily I can get hooked or, let's say, scammed with fancy PFS/FS reports. That being said, people like yours with a geologist background and boots-on-the-ground experience can successfully weed out the crappy juniors.

Nevertheless, occasionally, I like to venture into micro-cap miners. My goal is not to find the next 100x bagger. It is more about following up on significant discoveries and emerging mining regions. This article is a positive example. I learned a lot about LatAm uranium mining and nuclear power adoption during the research.

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Sep 21Liked by Mihail Stoyanov

I wrote a pretty extensive article about uranium and nuclear energy in Argentina (https://geocap.substack.com/p/uranium-in-argentina?r=1o0enm).

BSK has an attractive asset, does some further exploration in the Neuquén basin now and found an investor to bring Ivana into production.

But the dilution is just off the charts. I normally would add up to my position, but the constant dilution really makes me hesitant.

Green Shift sold its Berlin asset a few months ago, I thought? Their lithium projects are quite extensive, and I'm sure one could find something meaningful there. However, at current prices, hard rock lithium exploration in Argentina is not really interesting to me.

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author

Thanks for your insightful comment.

Your article on Argentina inspired me to seek uranium ideas in LatAm. Before that, I looked for banking and energy stocks in that region.

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I've also stopped "investing" in junior minors. Instead, I buy synthetic covered calls and deep out of the money calls. Like you said, same upside as junior miners and downside as majors.

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author

Love your article on synthetic calls. Thanks for sharing it.

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Thank you!. After writing it, I realize I many investors don’t even understand covered calls. I need to write a post about how to do covered calls. I’m also going to write about deep out of the money calls, soon.

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