ClearValue Investing
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BTG Update
🕑 Added 2025-11-04 14:54:14 +0000 UTCWe just need to get through this short-term correction before the next leg up. If you’re buying the dip, do so incrementally. It may look like and be a good deal, but the market can be more irrational than you think.
Comments
ClearValue Tax
Hi Nic, I am definitely not happy that BTG is down. However, as I always say, it's so important to stay diversified and NOT be overleveraged. I took the dip to add to my BTG position around $4.50 and also at $3.80. Honestly, nothing forward looking has changed. I still see this as a multi-bagger with a 2027 offload. In the meantime, as you said, I'm just being patient... waiting for the Fed to lower rates even more... waiting for more QE... waiting for dedollarization to continue... the narrative has not changed at a macro level and no changes with the company at a micro level.
ClearValue Tax
It's a combination of factors Bob. 1. Gold is fell approximately 10% from its highs. 2. Miners have more beta 3. Miners in general took a hit 4. Concerns in Mali (which I believe was way overblown, which I'll get into further)
Bob Collopy
While Goose mine's forecast was revised downwards, the other three major mines (Fekola, Otjikoto, Masbate) either held steady or were upgraded by around 20k ounces. Goose went down 30k ounces due to crushing plant capacity issues and temporary delays in accessing higher-grade underground ore from the Umwelt deposit Basically it's all the same in terms of production estimates for 2025. ------------- I will say though these downward hits are strong. Given the lack of logic, unless I'm missing something, Is this an organic drop or is it being manipulated? How can we tell?
Nic
I’m down as well guys , I also fomo’d into this stock because I love Brian and I think he’s one of the smartest guys around . I did attempt my own research too but it’s not that easy to understand. Anyways folks liquidity is dried up due to govt shutdown , once it’s open again and liquidity returns we should I think see a rise in all asset classes as usd starts to lose its value . “Patience is a virtue” as they say, easy to say hard to follow but I won’t sell at a loss . Instead I’ll stick with Brian’s cue that this is a long term play (playing defence while the govt corrupts the usd)
