Introducing a new guest! Luc ten Have – Focused on investing in junior resource stocks
Today we welcome a new guest, Luc ten Have, onto the KE Report to get his insights on investing in the resource sector. We start off by learning more about what kind of companies he invests in, how he uses his network to find out about new opportunities, and his method of researching early-stage companies to find out about key changes that may be less obvious to investors. Luc ten Have then discusses some of the lessons he’s learned over the last decade of investing in junior mining stocks, mentions a few of his prior success stories, and highlights for our audience a few companies that he likes in the current market set up.
If you have any follow up questions for Luc ten Have please email us at fleck@kereport.com or shad@kereport.com
Stocks mentioned in the interview include:
- Northern Superior Resources – TSX.V: SUP – OTCQB: NSUPF
- Aurion Resources – TSX.V: AU – OTCQX: AIRRF
- Cartier Resources – TSX.V: ECR– OTC: ECRFF
- Lithoquest Resources – TSX.V: LDI – OTC: CWVWF
- Rhyolite Resources – TSX. V: RYE
Great guest. Eric Sprott has mentioned Lucten as someone to follow.
I started following both Aurion Resources and Cartier Resources due to the research that Luc Ten Have provides over at ceo.ca, and after doing more homework personally on both companies, I ultimately got positions going in both. Dave Erfle has done a good job covering Cartier Resources as well.
Now we need to invite Luc Montagnier, French virologist and Nobel laureate, on the show to warn us about the Bill Gates depopulation jabs. He says most will die in 2 years after the jabs.
bonzo……. larry, put out a good video on the other section concerning ALL VACCINES…
Gates, 1 in 300 die in Africa., others are infected for life.
Good interview. The ‘how’ side.
Hate to mention it…again…, but my account is still doing the alternating stocks/alternating day thing. Appears totally orchestrated by the after/before hours dumping of phony paper contracts against the paper price of the metals. That, of course, triggers the algos of those who use them and base them on the manufactured paper price of the contracts. The dead horse is still breathing.
Well I hate to mention, that I just sold out of the last of my Gamestop today at $330. 🙂
An old friend, who never really cared much about investing, has been poking me about the meme stocks a lot over the last few months, and I’ve been having weekly calls with him to discuss his strategy of options and stocks.
Personally, I made a little money trading MicroVision on 3 different swing trades, and now have made a little funny money trading GameStop 3 different times. He’s going to be upset with me for selling again, as my swing trading of the stocks drives him crazy. He believes GME is going to $10K-$12K before the short squeeze is over, which boggles my mind. I learned during the crypto runs not to just completely dismiss this madness of crowds outright, and while capturing some small gains in the crypto runs, didn’t get the life-altering gains many did on the speculative frenzy because of how filled with doubt and caution I was during most of the run higher from 2009 to this year.
Unfortunately I also ignored his urging me to get in AMC Entertainment at much lower levels as ludicrous, and while he was juggling dynamite buying the options, and I was warning him to be rational, I missed the massive runs in that stock he was able to capitalize on. It became clear, once again, that the markets are far from rational, and true old-school valuation metrics don’t seem to matter in this everything bubble. From the ridiculous valuations in SPACs, digital art NFTs, Crypto crazies, and Meme Stocks, everything seems to have become unhinged from reality as far as valuation models. Again, this reeks of late-cycle blow-off the top speculative froth, but if nothing else it is fascinating to watch.
I struggle with these meme stocks in the same way I do with the cryptos, in that the valuations get so absurd it is hard for me to hold them like the Reddit “apes” do, but I’ll admit, to getting a good chuckle out of the whole experience, and like the cryptos, I at least made some money out of the tomfoolery, instead of just doing armchair philosophy.
Honestly, if I had gone in more aggressively on the meme stocks the last few months, I’d have done far better than all my work to get better positioned in the resource and energy sectors. Of course, I still expect it to all end badly, but couldn’t resist trading the volatility in these stocks.
The only position I have left in any of the “meme stock” world is a small flyer I took out on (SKT) Tanger Factory Outlet. It doesn’t seem to have the same oomph that GME, AMC, and MVIS have had though. I probably just sold Gamestop far too early, but may jump back in if it has any pullback later this week. Haha!
Now, back to the boring world of Junior resource stocks…. LOL!
The destruction of Glass-Steagall made most of it possible.
Glass-Steagall and Citizens United. Glass-Steagall removal allowed the Banks to comingled customer and corporate funds to transfer all risk to the customer. In addition, it weakened Fiduciary Responsibility and liability. In addition the bogus concept of “too big to fail” was transferred from Corporations being too Big to People Criminals being too Big. For whatever reason Regulators decided the Criminal Code went away with corruption and it didn’t. No matter how many SEC Regulations or Banking Regulations have been removed by Congress and the Administrative Branch the “Criminal Codes” at both the State, Local and National level still exist. Failure to prosecute Wall Street Fraud is a result of the Criminal Acts of our Leadership and Regulators. The problem was compounded by Citizens United when Corporations were made “People”. They are Not. But, this gave Regulators and Law Enforcement an “out” to Not Prosecute the People within a Too Big to Fail Corporation and Prosecute the Corporate Person. This in essence amounts to a Fine for Criminal Acts. The other part of Citizens United is the Corporate Person being able to “Out – donate” the guy on the street. Coupled with deregulating lobbyist resulted in politicians being bought at all levels. Politicians now work for corporate interests as they have no motivation to work for the people. Governments are frozen. Corruption not acted upon because it would conflict with the “Persoanl Interests” of the Politician and that is getting donations and getting re-elected. The people no longer have any leverage against money interests. Politicians with Character and Ethics are few can’t get the votes to “Restore The Law”, which is single easiest way to restore Democracy. Election laws must be changed where the people regain the power to elect candidates away from those that prefer to “Buy” the Politicians with massive contributions. Limiting voting opportunities is merely another method of controlling who gets to be a Politician and Who controls the Politician and Who the Politician answers too. The solution is in front of it and it is Not Further Deregulation or Crippling the Legal System. That is the Propaganda path. We have to return to the Constitution which has been undermined at every turn in order to continue the move to an Authoritarian Driven 3rd World Banana Republic where the law only applies to the People. I prefer the people be the mutual owners of the Country and the Politicians work for their interests. I do not like Politicians that think the reverse. Politicians own nothing and are entitled to nothing greater than a salary and administrative costs to do their job. They have no “right’ to commit crimes or give favors or work only for the party. We The People…
Here is the Oath and in essence the Job Description of a US Senator:
“I do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservtion or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter. So Help Me God.
When a politician gives a rationale why he is voting a certain way or in favor/against and issue, start by seeing if it is consistent with their oath of office. Then look to see if it is consistent with the Constitution, the law, the case law and the regulations. Don’t let anyone tell you the law…find out. We as a people passed the power to “money interests” who proved they can control by buying the government. We the people have to use the courts and law to get it back. When there is no more Citizens United and Glass-Steagall is reinstate and corrupt Wall Street and Political Actors start going to jail, we have started to take the country back.
GREAT RANT DAVID>………… I AGREE 100%………….I do not like Politicians that think the reverse. Politicians own nothing and are entitled to nothing greater than a salary and administrative costs to do their job. They have no “right’ to commit crimes or give favors or work only for the party. We The People…
DITTO again……. DAVID
Then look to see if it is consistent with the Constitution, the law, the case law and the regulations. Don’t let anyone tell you the law…find out.
00TB:
Rant: Just mention Glass – Steagall or Citizens United and I start to hyperventilate. 🙂
That be OK, too……… 🙂
Stick with it,…I love it… 🙂
I always have the misconception I will be caught on the wrong side of the trade when all of a sudden Regulators do their job.
This goes after Ex’s post above about Robinhood, etc
It was nice to finally have @LucTenHave onto the KE report. He’s a well-followed private retail investor that gets a great deal of respect over at ceo.ca, and rightly so as I’ve watched him pick winning stocks very earlier on for years. The founder of ceo.ca, Tommy Humphrey, believes Luc Ten Have to be one of the best stock pickers in the junior resource stocks that he’s seen. It was nice that he agreed to come onto the KE Report and share some ideas with our audience, and I hope we can have him back on in the future.
Here is a link to his room over at ceo.ca to see a history of his posts or posts with investors reaching out to him.
https://ceo.ca/@luctenhave