Senior Gold Producers Are Very Undervalued says Fund Manager Adrian Day
Adrian Day of Adrian Day Asset Management is a seasoned investor, speaker, author, adviser and fund manager. In this interview, Adrian shares that he believes the senior gold stocks are currently very undervalued. He also addresses the online rumor that he has been unloading his Vista Gold Corp. position. Adrian provides his reflections on the recent Beaver Creek Precious Metals Summit and Denver Gold Forum. He discusses the mass issuance of junior mining shares during the past six months and encourages junior mining speculators to have caution before giving management teams your money. Adrian, furthermore, speaks about the gold producers’ upcoming Q3 earnings reporting as well as shares his thoughts about discerning the top of this gold cycle.
00:00 Introduction
1:40 Beaver Creek Precious Metals Summit & Denver Gold Forum
3:00 Addressing rumor that Adrian has been selling Vista Gold Corp.
6:18 Have you sold any long-term gold stock holdings recently?
9:16 Commentary on large issuance of junior mining shares last 6mos
12:28 Discussing private placements and warrants
16:01 Gold producers’ Q3 earnings
17:56 Senior gold producers are very undervalued
21:43 Discerning the top of this gold cycle
[…] Source : miningstockeducation.com […]
Adrian knows a lot more than me, but isn’t it possible the mining companies are valued where there should be, indicting that they may not be as good of a risk ad they used to be?