Had an interesting chat today with a gentleman associate of mine. I have known him for 30 odd years. He has incredible wealth, i have been told 150 million plus. I mentioned how some of the crypto currency i have is down in some cases 50%, wah. He advised me that he dumped many of his shares in various industries and markets. He explained that with the impending shortage of exports and imports globally due to the corona crisis he is putting his money in gold and healthcare/pharmacuticals. I mentioned i had an interest in CLZ & VEC, waiting and hoping for either or both to get to mining. His response was that he and his fellow investors were only interested in gold mining companys that were actually fully functioning, working mines at the moment, or buying physical gold bullion. He also explained that the people with the big bucks will be a bit shy of financing startup mining companys or new businesses at the moment. He said the recent announcement, made at the right time may have prevented a slight drop in value for CLZ at this point in time, but don't expect any immediate major response from potential investors pushing the SP up. He told me to hold as it will be business as usual, moving forward, but sit tight and every SP will correct themselves in time. So what i got from that is people who are aware of this weeks announcement will be thinking yeah/nah, maybe i'll wait to see how far this corona thing goes before i buy in. Or putting it another way the corona crisis may have delayed our happy times, but only temporarily. I'm not trying to shove his opinion down anyones throat, but what he said will do for me, for now. It makes some sense to me.
Ann: CLZ INTERSECTS HIGHGRADE GOLD 1.2 KMS SOUTH ALONG STRIKE, page-22
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