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.




Click here to visit Erik’s site – The Hedgeless Horseman

    Mar 28, 2024 28:41 PM

    First Nordic Metals has jumped into investors’ radar. I think it is Sweden. What do you think. Thanks.

      Mar 28, 2024 28:08 PM

      Hi Lakedweller2. Just in case the Hedgeless Horseman doesn’t see your question, I can confirm he is very bullish on the company and has a position in it, and we actually talked about First Nordic before we started recording today.

      I’m sure he’d be fine with me sharing that with you, as Erik and I did review this company, when discussing the mining landscape in Sweden earlier this month, and talked specifically about Barsele and Gold Line coming together to form First Nordic. He mentioned having a big position in it and the prospectivity of the now combined 100kms of mineralized trend to explore.

        Mar 29, 2024 29:06 AM

        Thanks EX. Will followup on your posting.
        Just finished listening to the “Save Canadian Mining” presentation. Through their investigations they have determined there is a process called the Red Pipe that Hedge Funds can purchase a seat at the table and do unlimited naked shorting without regulation. They are supposed to be limited in volume and direction but there is no oversight. They estimate in their limited investigation at least 40 Bil in damages to just some miners not including other small cap companies in just Canada. Possible damages of half a trillion. Other destructive results are company failures, personal bankruptcies and other clear forms of theft.
        They are going to start a massive information campaign and try to elicit at least 10 mining companies to start up a class action most likely against banks, brokerage firms, brokers who have been identified as fostering the naked shorting. The impacts of this red pipe extends beyond just bad pricing of small caps, failure of companies, etc but also massive losses of tax revenue, losses to retirement funds and institutional investments for those in direct reliance, and ultimately destruction of the Canadian economy.