Dear subscriber,
I was glad to hear from the guys behind Avrupa Minerals, Chairman Mark Brown and CEO Paul Kuhn, that they were raising money and going to drill their flagship Alvalade by themselves, as I am not a big fan of pureplay prospect generators. The main reason for this is that it is often very difficult to value assets of minority partners of JVs in general. Now it seems that Avrupa has a few very promising 100% owned brownfield targets at their disposal, and a few new discoveries made close to an existing mine. They are in the process of raising C$1.5M, and have already started drilling at Sesmarias. As the stock sold off mercilessly during the current raise and tax loss selling without fundamentals changing, and the company is going on its own now, I believe Avrupa is a very interesting tax loss buying opportunity. Read more about it here:
Tax Loss Buying Opportunity: Avrupa Minerals Finally Converts To Hybrid Prospect Generator Model And Starts Drilling Flagship Alvalade Project By Itself
Regards,
The Critical Investor