![]() I’ll be really charitable and say that I think the really negative press release and the really positive press release came out at about the same time by coincidence because when I start thinking that companies are massaging their stock price in the face of bad news I get really snarky. The Newcrest announcement was on Friday April 3rd and the PEN assays were released on Monday April 6th. They had an 8.5-meter intercept of 71.27 grams gold. They poured a lot of money into the ground and hit SFA.Īt about the same time GFG announced a monster hit at Plan B, the PEN property in Ontario. I do still think they are one of the finest mining companies in the world. Did I mention that alkaline systems tend to be very big and very rich? And eat a lot of money. Even very big, very well run companies like Newcrest hit dusters on a regular basis. Newcrest put about $5 million into Rattlesnake and drilled a deep hole that hit a lot of rock. Those tend to be both very big and very rich. Newcrest backed out of a deal with GFG Resources on the Rattlesnake property in Wyoming recently. When everyone wants to go through at the same time, it’s going to get pretty crowded. The door to investing into resource shares is a little tiny door. I don’t know when gold and silver will kick into high gear, it isn’t here yet.īut could we see gold up $200 in a day and silver up $10? Yes and I think we will. ![]() The long oil positions crashing this week to minus $37 a barrel show just how dysfunctional our financial system is right now. Yes, we are in a depression and prices have plummeted but we still need commodities. ![]() The CRB Commodity Index has crashed by 75% from its peak in 2008. I would be perfectly happy with a correction soon to clean out some of the deadwood that like to buy at tops but down the road, the dollar, the bond market and the stock market are toast. ![]() The efforts of the US government to bail out a totally insolvent financial system just put gold and silver into what will be the ultimate afterburner. Behind the scenes, the majors and mid-tier mining companies are beginning to realize that they need to be doing deals with the best and brightest of the juniors right now. Three of our advertisers have done deals lately with majors and are showing the next trend in the junior market. The Coronavirus story looks more and more like a scam on the part of big Pharma with each passing day so I will be doing more writing on it. That doesn’t mean the companies have been quiet and indeed they have not been. I’ve been pretty quiet about mining shares lately as I try to get a handle on what the real story is on the Coronavirus. GFG Resources, TriStar Gold and Precipitate Gold Now in Bed with Majors and Exploration Manager at Placer Dome Asia Pacific Ltd.Īdrian Wallace Fleming received an undergraduate degree from The University of Newcastle.GFG Resources, TriStar Gold and Precipitate Gold Now in Bed with Majors Bob Moriarty 321gold In the past he held the position of President & Chief Executive Officer for Giant Yellowknife Mines Ltd., Non-Independent Director at Valhalla Resources Ltd., Vice President-Exploration of Golden Star, Inc., Chairman of Osprey Gold Development Ltd., Chairman of Antipodes Gold Ltd., Independent Non-Executive Director at Goldminex Resources Ltd., President, Chief Executive Officer & Director at Underworld Resources, Inc., Director at Northern Empire Resources Corp., Chief Executive Officer & Director at Smash Minerals Corp., President at Queensland Minerals Ltd. and Member of Australasian Institute of Mining & Metallurgy. Fleming is also on the board of StrikePoint Gold, Inc., Alianza Holdings Ltd. and Chief Executive Officer & Director at Gold Island, Inc. and RockWorks Ltd., Adrian Wallace Fleming is an entrepreneur and businessperson who has been at the helm of 14 different companies and presently holds the position of Chairman for Precipitate Gold Corp., Executive Chairman of Expose Resources Ltd., Director & Owner at RockWorks Ltd., Executive Chairman of Genesis Metals Corp. Biography Adrian Wallace Fleming Chairmanįounder of Underworld Resources, Inc., Smash Minerals Corp.
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