That's the power of some of the warrant potential. The shares have gone up
a little bit, but not substantially. Now that warrant will probably continue to
go up as the company performs, as you know, as metal prices start
picking up and all the resource factors starts to perform. You're listening to carry
Letts's Financial Survival Network, where you get valuable information you just can't find anywhere
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Well. I've liked this person's publication for over a decade. I've made money
off of it on several occasions in spite of myself, and and he's back
with us now. Dudley Baker common Stock Warrants dot Com. It is,
to my knowledge, the most comprehensive database of common stock warrants out there.
And Dudley, it's great to have you back on the show. So warrants
mostly publicly traded warrants. We're focusing on the resource sector. The resource sector
has been a veritable train wreck of late. But every dog has its day,
not that I think it's a dog. I think it's elemental for successful
investing and to the benefit of society. You've got to have resources. What
is wrong with the market now, Dudley Man, I'll gonna say our day
will come when that's going to be, But I've got to believe sooner rather
than later, you know, I would think this is what I have to
call a contrarian's dream right now, because these resource shares are beaten up so
bad and continuing to be beaten up here this morning as as we as we
talk, and uh, but it's setting the stage for something here, and
it just kind of I think all of us in the business, so to
speak, can't quite believe that the resource shares are lagging as bad as they
are, even you know, with gold still hanging up here in the nineteen
hundred range and bouncing on the two thousand, the shares just historically are just
really really depressed. Now, I've got to believe there's going to be a
big snapback once reality does set in. We don't know what that will be.
You know, I've got another service. I think a lot of us
in the business or not have a lot of other news, newsletters or whatever
that we subscribe to. Our views are basically, you know, come from
somewhere. We just don't wake up in the morning and dream all this stuff
up. So you know, we follow certain people in the business, you
know that we like that we respect. Hopefully they're right more often than wrong.
But but you know, well we all have our our companies that we'd
like to follow. There's one that I subscribe to. If I can mention,
I got no dog in this fight. There's no affiliate program, there's
no nothing. But it's coming down to maybe this is why we are so
depressed at the moment. In Gold and it shares this is Gone Global James
Flannagan. It follows a lot of the work of DW Gone and I've been
on board with them for six months or so, maybe a year. What
JIMC is coming up according to his work August fourteen, so we're knocked it
on the door of August fourteen is the sixty year cycle low and precious metal
stocks. As he's measuring this in December December fourth, I believe it is
uh ninety year cycle low precious metal stocks. Let's assume for the moment that
this is correct, Okay, and I can't. I can't. I'm not
here to to overly promote anybody's service, you know. It's just a front
work here that I've got that that if if Jem's right, well, this
is causing a big down pressure on gold and on mining shares as we speak,
and they're almost coming down into these cycle lows, major major sixty and
ninety year cycle lows. Once these lows have passed, then the downside pressure
should be released and we should see a big upmove you know, at least
starting to perform. And that's kind of what I'm kind of in following James
to some degree. I follow a lot of people, but this just makes
sense to me. And so once these dates have passed, and this first
August date coming up, a lot of downside pressure will be released. We
should start seeing some nice movement coming up in the gold and the chairs.
And of course he's looking for major, major movement to the upside once these
cycle lows are in place. So I just kind of like to throw that
on the table and maybe this is all happening because of these cycle lows out
here that that we're all confronted with, and then we get back to the
funnelmentals, is what's gonna you know, what's gonna make gold go up?
Unfortunately, right right here as we speak, the US dollars as started performing
very well again. We're back over one o two on the US dollar decks.
And uh, you know, I think once we broke U couple of
weeks ago, broke that one hundred level U, there was a good chance
we was just going to fall away and that would have been great for goal.
But low and behold, the dollar comes back, the strength comes back,
and all of this good stuff. So I always say, you know,
the timing, the timing is difficult. I mean, it's I think
our gut feel is that we're getting closer and closer every day to a bottom,
to some impulse movement that's going to start making our sector perform and doing
a big, big catchup. You know. Always with me, I always
love to talk about the ten baggers. Nowadays, if we get monster rally
in front of US and Golden it shares ten baggers will be nothing many going
up ten times a thousand percent you know, when you've got little stocks down
selling for a few pennies and they're still in business. It's like, my
goodness. You know, now you're looking at twenty thirty, forty fifty times
your money potentially, And so I think it be who's you know, all
all of our listeners. You'll kind of pay attention, take advantage because it's
some of these are fairly decent companies that are selling on the cheap being given
away at the moment, and that will come back to life. Yeah,
you're pretty confident about that, huh, Dudley, Well, I am confident
now whether this starts tomorrow or three months from now, but I do believe.
Yeah, my gut tells me by the end of this year, we're
going to be substantially higher than we are today. Now, every individual can
play this differently. You can say, well, Dudley, okay, I
believe you, but I'm going to wait until, you know, the shares
start moving up, and I'm going to buy into this at a later date.
Well, once I think you know, I know you've seen it before.
I've seen it many times. Once this sector does turn, it can
go up one hundred percent just overnight. I mean it'll be incredible, so
you will be prepared pain, you know, double the price, triple the
price, and yes, there will be a lot more to come. But
me, I've always been a guy that gets in early. And believe me,
those of us that get in early, we go through a lot of
pain and a lot of frustration because we are freaking early. And so I'm
not a happy camper here at the moment. But I have full confidence that
at the end of the day here that we're gonna all all of the positions
I've got are going to perform incredibly well. So anyhow, I just I
just fully believe that you know I've got I've got one. Let me mention
one one warrant that started recently trading here since I'm yeah, do you think
of me as a warrant guy? I better mention one warrant anyway, uh,
And I do not own it. And the story is why do I
not own it? Okay, So so yeah, no, it's it's it's
a bizarre story because it's Lie and Lion won medals. L I O on
the Venture Exchange, a big project over in the out in the middle of
the islands in the Fiji Islands, and I know that's one of Bob Moriarty's
companies, you know, et cetera. Well, several months well now,
maybe maybe a month two months ago now, they they headed listing. The
warrant actually started trading. My brokerage firm did not immediately pick it up,
meaning I could not buy it. That warrant was down at eight cents,
traded hundreds of thousands of warrants that first day or two days before I could
get my brokerage firm to get this warrant listed so I could buy it.
The damn warrants up to fourteen cents. Today, the warrants sitting around twenty
five cents. This is all, let's say, happened within four to six
weeks max. So again, it's a great warrant story. If if anybody
listening had that opportunity to buy that, if their Canadian brokers firm, you
know, allowed them to buy that on day one, well they're in at
eight eight and a half cents, sitting at twenty five cents at the moment.
They've just made a couple one hundred percent in six weeks. So that's
the power of some of the warrant potential. The shares have gone up a
little bit, but not substantially. Now that warrant will probably continue to go
up as the company performs, as you know, as metal prices start picking
up and all the resources lectors start to perform. But that's just one story
of the power of the warrants. And sometimes if you get my im coming
right out of the shoot on that first day or two that they're listed,
pick them up on the cheap. There's never a guarantee, but this has
worked numerous times. Another interesting story. I may have mentioned this to you
before and to our listeners. Uh, you know, we all keep hearing
about uranium. You know, one day Uranium's got to come back, YadA
YadA. I frequently and the same way right now over here on the side,
I'm always watching Men in Bloomberg coming out of Toronto every day, and
so about two weeks ago I missed the programming, but I heard the summary.
After that, our friend Rick rolls on, and Rick had a few
of his top picks, okay, and I'm happy to hear one of his
top pics is one of my top pics, and that is mega uranium.
Okay. We all remember mega uranium back in the early yea, damn there
twenty years ago now where Mega went from nothing up to rang the bell at
eight dollars. Well, right now Mega Mega on the Toronto Exchange, it's
still around twenty four cents. And that's probably on average just about where I'm
in, and I've been in for longer than I want to say, but
probably two years anyway, maybe three. But there's a little doubt in my
mind that that Mega is gonna, you know, be a home run as
the uranium sector does take off. And interestingly, they're not an exploration company
anymore. They're they're basically an equity holder. They They've got like twenty million
shares of next Gen on the Toronto Exchange twenty million, and then the stocks
trading at over six dollars, so they got over one hundred and twenty million
dollars of market cap in that position, and they own other share positions in
two or three other Australian mining companies, so it's it's an interesting play.
It takes very little cash for them to do this because they're basically just an
equity holder, so we don't need nassis amount of cash. They're not poking
holes in the ground. It's all these little exploration companies that when they continue
drilling, you know, it's it's all about raising money and drilling, poking
holes, raising money and poking holes. Well, I mean, how long
can you go on with this story? You know? The worst thing that
always happens to any of us in this story, and that's a scenario,
is that then the company eventually has to do a rollback. And I hate
rollbacks, you know, one one for five per split, one for ten,
one twenty uh and they all say we're building shareholder value. Well,
once you do a rollbacking forget shareholder value, You've you've kind of been screwed.
And that's just that's just reality at the end of the day. As
an investor myself, so anyhow, but but that's just you know, one
company I like, if I can't, I'm gonna I'm gonna give you two
more examples sure that that that are are are so cheap that I can't believe
that that that's cheap. The first one is or X Minerals r e X
trades on the Venture Exchange. Been around for a long time. They've got
a current presentation they just put on their website, and and and some of
the biggest shareholders are uh, you know, a sprout US Global you know
friends, Frank comes out of San Antonio. I think, if I remember
the story, they together own over fifty percent of this little company. This
little company basically same thing is more like a pro prospect generator. They've got
a couple of projects down here in Mexico and partnered with the Pan American Silver
and with Fresnel, the largest mining company in Mexico. And the deal is
right now. You can buy this all day on the Canadian exchange for point
zero two five and in the US market for less than two cents. I've
picked up a little bit more the other day at like point zero one six.
I wouldn't believe that, you know, almost in the US market.
And uh, and the deal is, I just it's just sitting there.
Once once these markets do turn, it will be an interesting situation. Uh.
You know. And when you say ten bagger, well does that mean
you're going to go from two cents to twenty cents? I got you know,
we're going to a dollar now this this uh you know, uh,
let let the good times roll, you know, so I think, uh,
and assuming the company still you know, has some good news coming out.
But I was I was impressed the other day when I looked at the
website and I see that they've got a current presentation. Everything's up speed,
telling us about what's happening. And uh, and the stocks can be had
for two cents. Now, if that's too much for our listeners to pay,
I've got another example. And and that little company I've loved, I've
loved this name, okay, and they've got a couple of projects there in
Mexico. It's called Silver Spruce Resources. How could you not love that name?
I mean, when, not if, but when silver takes all this
is a great name. I think they've got two projects here in Mexico that
they've just announced they're going to start drilling in and and another project project up
in Canada right now. Opinion and a half, opinion and a half.
And in the US market, I think you pick it up a ruptly point
zero one two five, so opinion a quarter. It's just outrageous. So
I say all this with full disclaimer. You know, everybody do their own
do due diligence. I'm throwing out a couple of names now I've got I've
got really nice positions and all of these that I'm mentioning here, and but
I just, uh, if not that I'm wishing and hoping, because I
know that these will perform. There's no doubt in my mind. Now I
will say, if I own ten or if I own twenty thirty, forty
fifty, which probably in total more like forty or fifty different positions, yes
one or two may blow up in my face and maybe something happens that no
longer has that potential that I believe that it had a day one. But
yet I'm still confident that, yeah, we got a lot of a lot
of good upside in front of us. All of us are just asking the
question, what's going to be the catalyst, you know, to take the
downside pressure off of gold that's over in all these shares. Everybody I know
is sitting and waiting for the Fed to to start lowering interest rates, and
everybody thinks that's going to be the catalyst. And now it seems like the
everybody's thinking that it may have another increase or two in them, and maybe
we're putting off the rise and gold, and I think that's what's causing this
last this last move to the downside, you know, I don't. I
don't know that any of us. I know, I'm not smarting to figure
this stuff out to know exactly what's going to happen. So we've got to
decide. We've got to where do we think we're going to be, you
know, six months, two years down the road. And I'm comfortable we're
going to be in a really warm and fuzzy space for the for the mining
investors. And it's a question when do you enter this game. And some
of these positions are selling so low at the moment, buy some, put
them away for a little bit, and I think you're going to be greatly
reward you know, just maybe months, maybe a year down the road.
We do want when we get a rally, I think we'd all agree we
don't want a rally just going to last three months or six months. We
want something that's going to take goals substantially higher. We need probably a good
two years, three year movement. You know, you have everything time to
you know, the inertia to pick up, and all the mining's stocks is
as low down the totem pole as they would be. Give them time to
get excited and start hitting up. Obviously, the producers will be the first
ones that will go up. And so I've got a basket of those as
well in my portfolio. So yeah, So some of my subscribers if they
if they said they kind of like what you're talking about. Uh, you
can see my whole portfolio as a as a goal subscriber, as a lifetime
subscriber, and and that's what Carry has been for for a long time as
a goal subscriber. So We've got so everybody can see what I'm doing.
If I buy something or sell something, I send everybody an email let them
know what is taking place. And but net net, I'm I don't know.
I've heard some some people say this about Rick Rick rule, this is
like a perma bull, you know, and it's like, maybe I've kind
of got that same hat on as kind of a permabul and we go through
these long, long depressing cycles to the downside and size sideways. So but
I think there's always the timing when do you enter the game, when do
you come in? And I have to believe that right now where we're and
I believe this for several months. But yet this has to be a great
time to still be entering this game on the cheap and there's a little bit
of patience, and I think you'll be greatly rewarded. All right, on
that note, I suggest y'all go over to common Stock Warrants dot com and
you can take a look at Dudley's personal portfolio where he's most weighted least weighted,
and you can get a good insight on the you know, because look,
you get leverage from these warrants when the market goes up. That you
will you just can only dream of. And they're marketable, they're they're liquid,
they get more liquid as the market goes up. We've got a link
in the show notes to this interview on Financial Survival Network dot com and by
all means, click it and visit to Dudley's site. If you got a
question for Dudley or myself, shoot me an email k l Atcarrylots dot com
and we'll answer your question. We'll get you an answer quick. Dudley always
appreciate you coming on and we will talk to you again soon. Enjoda,
thanks Verry, thanks for listening to carry Lets's Financial Survival Network your solution to
today's trying times. For the latest, go to Financial Survival Network dot com.
Financial Survival network now more than ever