Michael Ballanger of GGM Advisory Inc. explains why he believes Vortex Metals Inc. is a strong buy.
It was only at the end of October that you will all remember that I wrote about twenty times that I was accumulating shares in Norseman Silver, now Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB), less than $0.05 per share.
I actually bought a good chunk of shares at $0.045, then stood in an open order to buy 500,000 at $0.035, 4 GGM Advisory EMAIL ALERT, thinking full well that no one would be stupid enough and desperate enough to sell it to me.
Well, someone desperately needed to “get out” because they sold it to me, and now it makes up the bulk of my current position in the GGMA 2024 trading account, with an average cost of around 0 CA$.10 per share after purchasing it. from 2020 to 2023 at considerably higher prices. Former Norseman Silver, now Fitzroy Minerals, is trading at $0.145 after hitting $0.22 a few weeks ago, a huge improvement from the sub-$0.05 range it was in october.
The thing is, when I keep sending out these alerts that sound like a nagging fishwife asking for firewood on a windy day, it's not my OCD at work or some dysfunctional distressed septuagenarian memory. It's because I want to get the message across that Vortex Metals Inc. (VMSSF: OTCMKTS; VMS: TSX; DM8: FSE) should be purchased.
When Michael Williams told me in 2019 that Aftermath Silver Ltd. was going to have a good run, I took him at his word, but only bought a modest position after the COVID crash caused the stock to fall from $0.50 to $0.08 in this sell-off caused by the panic. I should have bought a million shares at less than a penny, but I bought a relatively small number only to see them trade as high as CA$1.70 the following January.
Now, there is no guarantee that VMS will be another AAG, but with Michael Williams at the helm of the company and former BHP country manager John Larson managing the exploration program at Illapel, I am very confident about the prices current prices below $0.20. distant memory later this spring. This management group has power.
VMS is a strong buy.
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Important Disclosures:
- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their households) own securities of Aftermath Silver Ltd.
- Michael Ballanger: I, or members of my immediate family or household, hold titles of: All. My company has a financial relationship with Fitzroy Minerals Inc. I determined which companies would be included in this article based on my research and understanding of the industry.
- The statements and opinions expressed are those of the author and not of Streetwise Reports, Street Smart or their principals. The author is entirely responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or distribute this article. Streetwise Reports requires contributing authors to disclose any ownership or economic relationships with the companies they write about. Full author disclosures can be found below. Streetwise Reports relies on authors to provide this information accurately and Streetwise Reports has no way of verifying its accuracy.
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Disclosures from Michael Ballanger
This letter makes no guarantee as to the accuracy or completeness of the data provided. Nothing contained herein is intended or should be considered as investment advice, implied or otherwise. This letter represents my point of view and reproduces the transactions I make, but nothing more. Always consult your registered advisor to assist you in your investments. I accept no responsibility for any loss arising from reliance on the data contained in this letter. Options and junior mining stocks contain a high level of risk which may result in the loss of part or all of the invested capital and are therefore only suitable for experienced and professional investors and traders. One should be familiar with the risks involved in junior mining and options trading and we recommend that you consult a financial advisor if you feel that you do not understand the risks involved.