Mining Analyst

A few months ago I posted about a situation in Arizona USA where a junior exploration company apparently expected to receive drill permits in short order (a few months). Unfortunately for them and their shareholders, the project is located on unpatented mining claims in the Coronado National Forest managed by the U.S. Forest Service. I have already hinted where people could do research ("real due diligence") on the U.S. Forest Service review process, and I suspect many readers were able to figure out for themselves that the company in question is Barksdale Capital Corp. (TSX-V: BRO , OTCQB: BR KCF ). Now at long last I will follow up on a few of the issues contemplated in my initial post. There is of course much more to this and perhaps I'll find time in the future to post further thoughts. But first a quick comment about Barksdale Capital itself. I actually like both their key projects (Sunnyside and the adjacent San Antonio claim package they picked up recently) in te...

One of the biggest traps of investing is the refrain "do your own due diligence" (DYODD). Frankly at its worst this can be a hollow and dangerous encouragement for inexperienced investors to take a cursory peak at the company's own propaganda -- news releases and investor presentations -- before plopping down good money on a bad speculation. Even worse is the false assurance that people can get by hearing it directly from the horse's mouth (talking to company management or its investor relations department). Actual, real due diligence starts by reading the company's financial statements and other regulatory disclosures (insider trading reports, technical reports, etc.). This can be hard and time-consuming. It requires you to know how to interpret financial and technical information. Sometimes though real due diligence is easy enough that just about anybody can do it, if they simply knew how. Since I'm a provocateur but also because I want to see markets be...