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Source: Bob Moriarty 01/25/2022
Bob Moriarty of 321 Gold explains why he is an investor in Reyna Gold, an explorer with projects in northern Mexico that began publicly trading earlier this month.
Some fifteen or eighteen years ago I was in Mexico visiting a silver project when Barb got a phone call and asked if I could extend my trip to meet with a geologist for a few days drive around Northern Mexico. I said, of course. I flew to Mexico City and met Dr. Peter Megaw. Peter started MAG Silver Corp. (MAG:TSX; MAG:NYSE American) and vended some of the best silver projects in Northern Mexico into the company. In the many years since then MAG Silver has been a giant success story.
The three days Peter and I drove around were the most interesting in all the hundreds of trips I have made before or since. Peter is a polyglot speaking English, Spanish and Swedish. He is of the top crystal experts in the world and a major player in the Tucson Gem Show that begins on January 26th.
He has written dozens of papers about mining projects in the Southwest and Mexico. He is the expert on Mexico having been reviewing data forty years ago when Mexico mining was still closed to foreign juniors.
While MAG Silver was charging ahead at full speed the company lacked the people and bandwidth to move all of their excellent projects forward. So they spun off a number of silver projects that I walked almost two decades ago into Reyna Silver Corp. (RSLV:TSX.V; RSNVF:OTCMKTS).
Anytime the management team of a junior wants to advertise on 321gold.com, the ones where Peter is part always call or email me and want to set up a meeting with him. My response is always the same.
What the hell am I going to teach Peter Megaw about anything? He knows fifty times as much as I do and that doesn’t bother me at all. So when Reyna Silver wanted to raise money I bellied up to the bar and threw my $20 gold pieces down. I am happy to participate in any project or company that Peter is part of without question.
So the same management team behind Reyna Silver listened to Peter when he pointed out that he had some world-class gold projects in Northern Mexico.
Why not throw them into a shell and call it Reyna Gold Corp. (REYG:TSX.V)? So they did. They company began public trading on January 11th of this year.
The company has been as high as $0.46 and as low as $0.32. A large part of the price movement is simply because investors don’t know the story yet. Reyna Gold announced great surface samples two weeks ago. They have a $22 million market cap with $11.3 million in cash. Drilling on the La Gloria begins in February.
Reyna Gold is a zero brainer. The greatest geologist in Mexico backs it. That’s all you need to know. With an enterprise value under $11 million what else is important.
Reyna Gold does need to get a US symbol so American investors can buy. That is important. They are cashed up, well-managed and drilling next month.
Reyna Gold is an advertiser, I participated in the past PP and naturally that makes me biased. They have a good presentation, watch it. And as always you are responsible for your own due diligence.
Reyna Gold
REYG-V $0.34 (Jan 25, 2022)
67 million shares
Reyna Gold website
Bob Moriarty
President: 321gold
Archives
321gold
Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.
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Disclosures:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Reyna Gold and Reyna Silver. Reyna Gold is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: Reyna Gold and MAG Silver. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Reyna Gold, Reyna Silver and MAG Silver, companies mentioned in this article.
( Companies Mentioned: MAG:TSX; MAG:NYSE American,
REYG:TSX.V,
RSLV:TSX.V; RSNVF:OTCMKTS,
)
Source: Clive Maund 01/25/2022
Technical Analyst Clive Maund dissects Lion One’s stock chart and explains why he sees this to be a “great buy spot” for the company’s stock.
Although Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX; LLO:ASX; LY1:FSE) hasn’t done much since we nibbled at it back in September, aware that it could continue the basing process, its technical condition has certainly improved to the point that a new bull market is looking much more likely soon, and it just so happens that during the night the company came out with impressive drill results that are thought likely to get the stock moving today, especially as the pressure is coming off the sector after yesterday’s dramatic reversal in the broad stock market.
Whilst Lion One’s performance in recent months doesn’t look impressive on its 6-month chart, as it has basically continued to bump along sideways above an important support level, when we look more closely we can see technical evidence that a new bull market in the stock is brewing.
“This is a great buy spot for Lion One.”
The first bullish point to note is the high volume rally in November that drove the price into the still falling 200-day moving average. This move is regarded as a preliminary breakout, and it was not surprising to see the price give back the gains due to the still unfavorable alignment of moving averages; however, the price and moving averages are now starting to bunch together in a manner that often leads to a breakout into a new bull market, and today’s news out of the company may well be the catalyst that triggers the breakout.
Another bullish point to note is that there was not much downside volume on the reaction back from the November high, which is a reason why the Accumulation line has held up well on the reaction, which also bodes well. Lastly, yesterday’s candle at the support was positive as it accompanied by a marked increase in upside volume that drove the Accumulation line higher despite the stock closing down on the day.
The 3-year chart shows the entirety of the correction from the August 2020 high and we can see how it had run its course by last June, since which time it has been bumping along sideways above the strong support level shown marking out what looks more and more like a base pattern that will lead to a new bull market. The increasingly tight bunching of price and moving averages is more evident on this chart and as mentioned above this is a potent setup that often leads to a breakout, with the recent lack of interest shown by the generally light volume another positive factor, since Smart Money tends to buy when the mob’s attention is elsewhere.
The conclusion is that this is a great buy spot for Lion One, as in addition to the excellent drilling results out today, there was a dramatic reversal in the broad stock market yesterday (maybe the Fed just created another trillion) and a parallel reversal in the precious metals sector with a bullish candle (dragonfly doji) appearing on the GDX chart. While the price is obviously likely to be positively affected by the news, it will probably take a while to filter through to many investors, some of whom may still be shuffling around in their carpet slippers with a bowl of Cheerios having stayed in bed with the wife. So with a bit of luck we can do some buying in the early trade before the price gets moving in earnest. Lion One is rated a strong buy here for all timeframes and not regarded as particularly speculative.
There is an interesting new article on Lion One in Streetwise Reports.
Lion One Metals website.
Lion One Metals Ltd, LIO.V, LOMLF on OTC, closed at C$1.01, $0.79 on 24th January 22.
Posted on CliveMaund.com at 9.05 am EST on 25th January 22.
Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
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Disclosure:
1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in the article are sponsors of Streetwise Reports: Lion One Metals. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lion One Metals, a company mentioned in this article.
Charts provided by the author.
CliveMaund.com Disclosures:
The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
( Companies Mentioned: LIO:TSX.V; LOMLF:OTCQX; LLO:ASX; LY1:FSE,
)
Several states are considering bills to repeal the sales tax on precious metal bullion during the 2022 legislative session. Passage into law would relieve some of the tax burdens on investors, and would also take a step toward treating gold and silver as money instead of as commodities. In Kentucky, Rep. Killian Timoney (R) and […]
The post Blog first appeared on SchiffGold.
The Federal Reserve wrapped up its first Federal Open Market Committee meeting of the year yesterday without any real surprises. Despite everybody screaming about an inflation problem, the Fed will keep its loose, inflationary monetary policy in play for at least two more months. Interest rates remain locked at zero. But the FOMC said it […]
The post Blog first appeared on SchiffGold.
