SAN FRANCISCO, CA--(Marketwired - December 02, 2015) - In this interview with The Gold Report, veteran investors Bob Moriarty of 321gold.com and Adrian Day of Adrian Day Asset Management share their messages to mining company CEOs and investors about advancing frugally to avoid being left in the dark. To make investing in teams doing the right things even easier, they identify a dozen companies that have already taken the contrarian advice to heart.
Included in this interview are: Silver Wheaton Corp. (
Bob Moriarty, founder of 321gold.com, has some advice for CEOs of mining companies: "Hoard your money when the market is bubbling, and spend your money when the market is dying." It seems obvious, but in his words, the majority of investors are "sheep who will lose their money." Pressure from conservative investors can make it difficult for resource managements to make smart decisions. That is why he focuses on the companies that already got the message about the importance of adding value when everything is on sale.
Adrian Day, founder of Adrian Day Asset Management, wants to see companies move forward while still conserving cash. "It's not easy. But a joint venture can help offset work expenses. If a company is constantly raising money in a depressed market, the stock can just collapse," he warns.
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DISCLOSURE:
Silver Wheaton Corp., Pretium Resources Inc., NOVAGOLD and Midland Exploration Inc. are sponsors of Streetwise Reports. Bob Moriarty and Adrian Day had final approval of the content of the interview and are wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Moriarty and Mr. Day and not of The Gold Report or its officers. The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.
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