Expert Says Copper-Gold Co. Is a Strong Buy

Source: Michael Ballanger 04/24/2024

Michael Ballanger of GGM Advisory Inc. explains why he believes Vortex Metals Inc. is a Strong Buy.

It was only late October that you will all recall me writing about two dozen times that I was accumulating shares in Norseman Silver, now Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB), under $.05 per share.

I actually bought a good chunk of stock at $0.045 and then stuck in an open order to buy 500,000 at $0.035, 4 GGM Advisory EMAIL ALERT, thinking full well that no one would be dumb enough desperate enough to sell it to me.

Well, someone was desperately in need of “getting out” because they sold it to me, and now that constitutes the bulk of my current position in the GGMA 2024 Trading Account, sits with an average cost of about CA$0.10 per share after buying it from 2020-2023 at prices considerably higher. The former Norseman Silver, now Fitzroy Minerals, trades at $0.145 after hitting $0.22 a few weeks ago, which is a huge move from the sub-$0.05 range it was at in October.

The point here is that when I keep sending out these alerts that sound like a nagging fishwife demanding firewood on a blustery day, it is not my OCD acting up or a septuagenarian memory in dysfunctional distress. It is because I want to pound home the message that Vortex Metals Inc. (VMSSF:OTCMKTS;VMS:TSX;DM8:FSE) should be bought.

When Michael Williams told me in 2019 that Aftermath Silver Ltd. (AAG:TSX.V) was going to have a good run, I took him at his word but only bought a modest position after the COVID crash took the stock back down from $0.50 to $0.08 in that panic-driven sell-off. I should have bought a million shares at under a dime, but I bought a relatively small number only to watch it trade as high as CA$1.70 by the following January.

Now, there are no guarantees that VMS will be another AAG, but with Michael Williams at the corporate helm and ex-BHP country manager John Larson managing the exploration program at Illapel, I feel very confident about the current sub-$0.20 prices will be a distant memory later this spring. This management group has power.

VMS is a Strong Buy.

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Important Disclosures:

1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aftermath Silver Ltd.
2. Michael Ballanger: I, or members of my immediate household or family, own securities 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 sector.
3. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
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Michael Ballanger Disclosures

This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

( Companies Mentioned: VMSSF:OTCMKTS;VMS:TSX;DM8:FSE, )