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THE CRITICAL INVESTOR NEWSLETTER # 104

Dear subscriber,

As the Corona/COVID-19 pandemic is on its way to disrupt the entire world economy and paralyzes all stockmarkets, the junior mining industry doesn't escape its ramifications so far. The share price of Golden Arrow Resources suffered as a direct consequence as well, so management decided to buyback 10% of the free float with cash from selling a bit of the SSR Mining share holdings. I wasn't directly convinced if this was the right strategy at this time, as everything gets sold off mercily, partly recovers violently after the 6T stimulus package and already drops off again, and I believe we haven't seen the worst yet, as the pandemic is only really getting started in the US right now, and nobody knows how Trump will react to this, as he was already talking about restarting the economy in 2 weeks time, which is of course absurd as the US as of yesterday became the epicentre of the pandemic right now. Notwithstanding this, Joseph Grosso believes there are still investors who were in for the production play of Puna, and are finally selling off their last shares, and his intention is to clean this up. Read more about it here:

Golden Arrow Resources Buying Back 10% Of Outstanding Shares; Exploration Temporarily Halted By Pandemic

Regards,

The Critical Investor

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