Bob Moriarty of 321 Gold explains why he’s an investor in Reyna Gold, an explorer with tasks in northern Mexico that started publicly buying and selling earlier this month.
Some fifteen or eighteen years in the past I used to be in Mexico visiting a silver undertaking when Barb received a telephone name and requested if I may prolong my journey to fulfill with a geologist for a couple of days drive round Northern Mexico. I stated, in fact. I flew to Mexico Metropolis and met Dr. Peter Megaw. Peter began MAG Silver Corp. (MAG:TSX; MAG:NYSE American) and vended a number of the finest silver tasks in Northern Mexico into the corporate. Within the a few years since then MAG Silver has been an enormous success story.
The three days Peter and I drove round had been essentially the most fascinating in all of the a whole lot of journeys I’ve made earlier than or since. Peter is a polyglot talking English, Spanish and Swedish. He’s of the highest crystal specialists on the earth and a serious participant within the Tucson Gem Present that begins on January twenty sixth.
He has written dozens of papers about mining tasks within the Southwest and Mexico. He’s the knowledgeable on Mexico having been reviewing information forty years in the past when Mexico mining was nonetheless closed to international juniors.
Whereas MAG Silver was charging forward at full pace the corporate lacked the individuals and bandwidth to maneuver all of their glorious tasks ahead. So that they spun off a variety of silver tasks that I walked virtually 20 years in the past into Reyna Silver Corp. (RSLV:TSX.V; RSNVF:OTCMKTS).
Anytime the administration crew of a junior needs to promote on 321gold.com, those the place Peter is an element at all times name or electronic mail me and need to arrange a gathering with him. My response is at all times the identical.
What the hell am I going to show Peter Megaw about something? He is aware of fifty occasions as a lot as I do and that doesn’t hassle me in any respect. So when Reyna Silver wished to lift cash I bellied as much as the bar and threw my $20 gold items down. I’m completely happy to take part in any undertaking or firm that Peter is a part of with out query.
So the identical administration crew behind Reyna Silver listened to Peter when he identified that he had some world-class gold tasks in Northern Mexico.
Why not throw them right into a shell and name it Reyna Gold Corp. (REYG:TSX.V)? So that they did. They firm started public buying and selling on January 11th of this yr.
The corporate has been as excessive as $0.46 and as little as $0.32. A big a part of the value motion is just because buyers don’t know the story but. Reyna Gold introduced nice floor samples two weeks in the past. They’ve a $22 million market cap with $11.3 million in money. Drilling on the La Gloria begins in February.
Reyna Gold is a zero brainer. The best geologist in Mexico backs it. That’s all that you must know. With an enterprise worth underneath $11 million what else is vital.
Reyna Gold does have to get a US image so American buyers can purchase. That’s vital. They’re cashed up, well-managed and drilling subsequent month.
Reyna Gold is an advertiser, I participated up to now PP and naturally that makes me biased. They’ve a superb presentation, watch it. And as at all times you’re chargeable for your personal due diligence.
REYG-V $0.34 (Jan 25, 2022)
67 million shares
Reyna Gold web site
Bob Moriarty based 321gold.com, together with his late spouse, Barbara Moriarty, greater than 16 years in the past. They later added 321energy.com to cowl oil, pure fuel, gasoline, coal, photo voltaic, wind and nuclear power. Each websites characteristic articles, editorial opinions, pricing figures and updates on present occasions affecting each sectors. Beforehand, Moriarty was a Marine F-4B and O-1 pilot with greater than 832 missions in Vietnam. He holds 14 worldwide aviation data.
1) Bob Moriarty: I, or members of my rapid family or household, personal shares of the next corporations talked about on this article: Reyna Gold and Reyna Silver. Reyna Gold is an advertiser on 321 Gold. I decided which corporations can be included on this article primarily based on my analysis and understanding of the sector.
2) The next corporations talked about are billboard sponsors of Streetwise Reviews: Reyna Gold and MAG Silver. Click on right here for vital disclosures about sponsor charges.
3) Statements and opinions expressed are the opinions of the writer and never of Streetwise Reviews or its officers. The writer is wholly chargeable for the validity of the statements. The writer was not paid by Streetwise Reviews for this text. Streetwise Reviews was not paid by the writer to publish or syndicate this text. The knowledge supplied above is for informational functions solely and isn’t a suggestion to purchase or promote any safety. Streetwise Reviews requires contributing authors to reveal any shareholdings in, or financial relationships with, corporations that they write about. Streetwise Reviews depends upon the authors to precisely present this data and Streetwise Reviews has no technique of verifying its accuracy.
4) The article doesn’t represent funding recommendation. Every reader is inspired to seek the advice of together with his or her particular person monetary skilled and any motion a reader takes because of data introduced right here is his or her personal duty. By opening this web page, every reader accepts and agrees to Streetwise Reviews’ phrases of use and full authorized disclaimer. This text shouldn’t be a solicitation for funding. Streetwise Reviews doesn’t render normal or particular funding recommendation and the data on Streetwise Reviews shouldn’t be thought of a suggestion to purchase or promote any safety. Streetwise Reviews doesn’t endorse or advocate the enterprise, merchandise, companies or securities of any firm talked about on Streetwise Reviews.
5) Every so often, Streetwise Reviews LLC and its administrators, officers, staff or members of their households, in addition to individuals interviewed for articles and interviews on the positioning, could have a protracted or brief place in securities talked about. Administrators, officers, staff or members of their rapid households are prohibited from making purchases and/or gross sales of these securities within the open market or in any other case from the time of the choice to publish an article till three enterprise days after the publication of the article. The foregoing prohibition doesn’t apply to articles that in substance solely restate beforehand printed firm releases. As of the date of this text, officers and/or staff of Streetwise Reviews LLC (together with members of their family) personal securities of Reyna Gold, Reyna Silver and MAG Silver, corporations talked about on this article.