Erik Wetterling – Senior Mining Companies Continue Partnering With Junior Resource Stocks
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to dig in further to the theme of the senior mining gold, silver, and base metals companies continuing to partner with junior resource stocks while the valuations and terms of the deals are cheap. We start off discussing the wave of merger and acquisition transactions we’ve seen with the larger producers taking over the developers and smaller producers, as well as large money activist investors and majors taking strategic stakes in the junior explorers.
Erik highlights 2 junior companies that recently had news out, that are also partnered with majors: Magna Mining (TSXV: NICU) (OTCQB: MGMNF) has signed a definitive off-take agreement with Vale (NYSE: VALE), and then Inflection Resources (CSE: AUCU) (OTCQB: AUCUF), partnered with Anglogold Ashanti (ASX: AGG) (NYSE: AU), announced the appointments of Mr. Fraser MacCorquodale as a Non-Executive Director and Dr. Neil Adshead as Advisor to the Company, as they await drill assay results from multiple exploration targets.*
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.
