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WOLF MONDAY NIGHT SPACES
Recorded: May 19, 2025 Duration: 1:59:09Space Recording
Short Summary
In a recent discussion, market participants highlighted a significant growth trend, with multiple speakers noting a continuous rally in the market, outperforming benchmarks and indicating strong bullish sentiment. The conversation also touched on the potential for new highs, the resilience of the market despite challenges, and the increasing interest in gold and mining stocks as viable investment opportunities.
Full Transcription
Thank you. you you
you what's up everyone what's up sam good afternoon happy monday may the 19th believe it or not boy
is this year flying by for anyone else uh i don't know if it's maybe just because the market's been
so crazy there's been a lot going on a lot to talk about maybe some longer days and nights but boy this year is really moving along here we
are may 19th it's 5 p.m eastern on wolf financial and that means it's time for stock picks for the
week and um hey we beat the market last week uh as a unit uh 2.08 percent return and spy was 1.96%. Now, QQQ may have beaten us just by hair, but we won't even
look at that little guy. Don't worry about that little guy. But great job. We had some
really good picks. I know Jordan's finishing up a space. He'll be over here shortly. And yeah,
let's dive into it a little bit. Nick Trendle, I see you down there since you're a speaker invite. And yeah, I'm ready to hear everyone's thoughts. I mean, what a rally. Fun fact, I don't think we've had a red day since the last time we had this space.
After the first last week when we did this exact space, we had the China news from Geneva over the weekend.
And we gapped up that day and we haven't even really pulled back since.
Here we are continuing higher six green days in a row across the markets.
And I'm ready to hear what everyone thinks about it because it's very interesting.
No pullbacks at all.
Just continuing to.
I mean, even the shallowest of dips is getting bought. We've seen that two, maybe three times over the last few sessions. So let's dive straight into it. Ben, I'm going to come over to you first and let you kick us off today and see. I got some of your thoughts earlier, but new audience, different crowd here. We'd love for you to kind of rehash those a little bit., after we've got the close here on this Monday, where are you at? What are you seeing? What's
your market sentiment thoughts? Yeah, well, I mean, they pretty much covered it. Everyone is
caught off sides with that China deal. I really don't think many market participants at all
were expecting it. That was the weekend after we read it to 200 DMA. I mean, there was every reason
to take profits there, go into hedge.
And, you know, I raised a bunch of cash share.
And, you know, I had to start buying stuff back the next week as well.
So, you know, that was a very clear, you know, positioning issue where everyone was caught off guard.
And there's a short squeeze there above the 200 DMA.
100 DMA, and it looks like it's continuing. I said early in my show this morning that,
And it looks like it's continuing.
you know, that there was a possibility of a red to green today with this Moody's news.
And if we got a red to green today, then I said, that's it. We're going to all-time new highs.
And what I'm looking at is the weekly chart. The daily chart, we're overbought on the daily RSI,
but that weekly chart is so beautiful.
I mean, this really reminds me of what happened with the COVID crash and the recovery, that
whole V-shaped recovery, and then, you know, off to being higher than we were before COVID.
That's what this chart looks like to me.
That's what I guess the parallel to that would be, you know, I guess the Trump put is in, and are buying the Kool-Aid now and people believe in that, you know, Trump is going to give us that big, beautiful, better than ever economy.
I think that's what's going on here.
You know, maybe we're going to get some digestion and a pullback on the daily.
But I would not be surprised at all based on this weekly chart to just
see us draw past 540 on QQQ.
Now, regarding sentiment, though, I mean, that's just my market analysis in the chart
on the indices, but I don't know, man.
I'm not feeling today, especially, and even Friday, i've been having a hard time finding individual stocks
um to play um yeah i don't know if it's a lack of really good catalyst or just ran so much or
just the setups were beautiful a couple weeks ago now i'm having a hard time finding individual
stocks it was really hard for me today um yeah you know i don't know what I'm going to pick on the second half of the show.
I still got to figure that out.
So kind of mixed feelings here where on the indice level, it looks like this short squeeze
is going to keep going.
But at an individual stock level, I'm having trouble finding deals right now or setups
that I really like.
that I really like.
So those are my comments.
Yeah, I mean, some people are saying, you know, it's nothing.
That was the only dip that we're going to get.
Others are saying we need a dip.
And some are saying clear skies.
Some are saying, hey, the rates are still an issue.
You know, inflationary assets are still up.
You know, inflationary assets are still up.
I don't know.
What's your thoughts around that piece?
Yeah, I mean, there's obviously still issues.
But, you know, I don't think we can predict what's going to happen, you know, in terms of inflation and rates and, you know, recession, stagflation.
I think a lot of that's up in the air I'm looking at this in terms of sentiment and I think that this one
we're below the 200 DMA the sentiment was that we're gonna get some sort of
stagflation and now back and you know we don't trust in the orange man and now
we're above the 200 DMA and I think since the China thing it's like okay we
trust in them and it's not crazy after all. There's a Trump but is going to make deals and we'll be OK.
You know, so I think that's what the market is moving on is, you know, the sentiment of that.
But, you know, there's obviously a lot of potential issues and I don't know how it's going to shake out.
I'm just looking at the charts. You know, I said, you know, before it happened, when we were going into that China weekend,
I said, if we break above the 200 DMA, for me, that's a new bull market.
That's what I said before it happened.
And then after it happened, I stuck with that.
You know, I use that as a demarcation line of bear and bull market.
I don't go with 20% saying the 200 DMA is what I use and also the 200 week moving
average for longer term bull markets. By the way, we never broke the 200 week moving average. So
we've been a long term bull market for like a decade now. As far as the shorter timeframes go,
you know, I that that was the declaration I made. I'm sticking with it above the 200 DMA.
We're in a bull market. The sentiment has changed. People believe in Trump at this point.
And as far as the other potential economic issues, I really can't predict it. We just have to play it by ear and see how it shakes out.
Yeah, I agree with that. I'm kind of stuck myself. I just, even going into my picks like i i'm on i'm kind of
in the same boat you're in i'm like what i don't even know where i want to uh where i want to lean
into right now as far as picks go so we'll see if i can uh figure something out i'm sure you will
as well as we move on through the space but do you want to keep uh let's keep moving around a
little bit mr drendel how are you sir back. Always great to hear from you. What market sentiment thoughts do you have for us this evening?
The 200 day and now with this gap down on the Moody's news, I went back through and studied the past two times that that we had a downgrade and both of those days closed on the low the day one of those days, I think it was 2011.
a gap down morning bounce and then lost the daily view app
and then closed right at the low of the day.
And this did not.
We opened basically, maybe exactly at the low,
never broke below view app.
And you saw the action that you'd like to see
out of the leaders right away,
whether that be Robinhood, MicroStrategy,
what was the other one that made new highs today uh gev
new highs today off the 10-day moving average so until we see a gap down that doesn't fill
intraday so like an unfilled gap down you're not going to really have a strong pullback in my
opinion where we saw the first time we had the unfilled gap up on
April 22nd, that really ignited the uptrend. Until we get a gap down that's not filled
on the downside, I think this market still has room to go higher. And one thing that I saw last
week, I take a look at that NAAIM exposure index.
And usually once we get to like about 95% there,
that's when rallies get a little hot
and you can not like stamp a pullback coming up,
but it's where I get just a little bit more cautious,
tighten up some stops, stuff like that.
And on May 7th, we were at 81% invested after being a low of 35% invested in
April. 81 was not an overbought signal by any means. And then the next week on the 14th,
on Wednesday, when they reported those numbers, it actually dropped to 70%,
meaning this isn't a overexposed market. It may be overbought in whatever indicator that you want to use short term, but exposure levels are still not over the top by any means.
And if institutions are playing catch up trades and we're seeing more and more groups participating, I think there's a real chance until we get that gap down that we just look into more and more risk on type assets.
I saw a lot of the quantum type names going for 20% today. That's a sign that people are just
rushing to get into the market with whatever they can. And as long as you're playing on the long
side or as long as you're staying on the side of the daily view app with your new entry points, I think that's a really fun market to play in.
But when we do get a pullback eventually, I wouldn't fight it too hard.
I would use any pullback that we get to just really keep track of the large liquid leaders instead of kind
of the smaller stuff and really get positioned for what I think is, I don't like using the
terms like new bull trend, new bear market, whatever, but just an overall like strong
uptrend. Like I forget who said it, but once we're over the 200-day moving average, things typically act a little bit better above the 20-day, and you get even more fuel to that fire.
So there's no objective way to be too bearish here.
You could be saying that it's slightly extended in the short term, but overall, like every single test that this market has had since that gap up on the 22nd, it's passed with flying colors.
So can't be too bearish here.
Yeah, that's the thing.
Every time the bears have had a chance at this mark, Nick, they just they fell.
Every time that the market gives an opportunity to the bearers,
they fell miserably.
We've seen that multiple times.
And I think a lot of it, we've discussed this a little bit,
but retail bought the dip.
Institutions were the ones that were offside.
And I continue to see these huge market on closed imbalances
with massive amounts of buying going on.
And it just makes me wonder, like, you know, are we just keep floating higher here or what
do we do next?
Nick, are you concerned at all about some of the overlying factors, whether it's rates,
whether it's, you know, gold inflationary assets, or even the fact that we really only
have one essential tariff deal agreed to at this point,
right?
Is any of that concerning you?
Not really.
I'm not smart enough to go into all those details.
Whenever I do like a past study, I really just try to study the price and volume action.
And every time that we've started like a big new downtrend, it starts with an unfilled
gap down.
And every time we start a new big uptrend, it starts with an unfilled gap up.
And right now we have no gap downs to worry about.
And we've been stacking these gap ups and we've been supporting every time that we do
gap down.
So until that kind of trend changes
and we see real distribution out of some of the leaders,
I am gonna have a long bias,
not to say that I'm not gonna manage my risk with stops
or maybe take a short here or there
to try to like dip my toe on the other side.
But until there's evidence that this trend is changing,
I think it could be pretty dangerous
to try to just short every single day yeah I hear you I mean uh times you people over complicate it
right they too much news um with with the Moody's thing did Did you have any thoughts around the Moody's thing? Was that our dip buy this morning?
Maybe.
It's tough to call that, right? It's really tough to say, is that the only dip? I mean, because to your point, it seems like from a technical standpoint, we need a little bit deeper pullback or pull off.
But, you know, you see something like like that happening it just immediately gets bought up yeah so as long as you kind of shrink your time frame as the trend gets extended
to the upside i think it's fine to play like to to the upside moves um but eventually we will get
a pullback to the 20 day 50 day whatever it may be so So just because we passed this test today, it doesn't mean that a
pullback's not going to eventually come. And from that pullback, we're probably going to get some
real A plus setups because a lot of the leaders have just gone right from the bottom back to new
highs. If we get like a three weeks of choppy action, it doesn't even need to be like a sharp
pullback, but just three weeks of kind of pausing here. You're going to have some A-plus setups with cup and handles on some of the market leaders.
So when we've made a move like this, you can just really shorten up your timeframe,
kind of use intraday support resistance areas to get situated.
But if you missed a lot of the move,
putting on all your exposure right now
without using any like progressive exposure tactics,
I think would be a mistake.
But if you're just saying, okay, the market's remaining hot,
we're probably gonna get into even riskier assets now
because everyone's rushing to buy
because we passed another one of these stress tests.
Then just use some tighter intraday stops, play the long side,
and that's fine until we get like large distribution and then weak closes.
I think the upside is still the move.
Appreciate those extended thoughts there. Nick, Sam, are you on stage? I can't
tell if Sam is on stage or not. He showed us a speaker and a listener back and forth.
If not, we'll get Sam right back up on stage. I'm interested to hear his thoughts around
the market. There he is. What's up, Sam? That was weird. I thought you were on stage.
Me too.
I saw it twice, and then I was sending us all listener when I went to call on you.
Sam, I definitely wanted to come around to you as we continue the market sentiment thoughts from the crew here.
We'll come back and get the picks in the second half, but I want to see what thoughts you have around the market sentiment.
on it yeah um so i mean for the most part for me um i saw an opportunity to buy the dip in um
the uh okc oklahoma city thunder on saturday and oh sorry wrong game uh sorry we were talking about
the stock market i thought we were talking about let's go i know that's it let's go paper let's go
anyways um should we do robin hood
picks for the week too like on those portals should we add that to the back end of the show
let's go like we should definitely do that we could definitely have a good talk about that one
um but in all seriousness um i when i saw the moody's uh thing happen on friday i got a little
bit worried and i dug into the weeds a little bit looking at the charts, looking at the reaction fundamentally, especially when it comes to bonds, because bonds is really the center stage of what the market has been looking at probably in the last few days. where you have bonds and stocks basically rallying in tandem one-to-one. That generally is a very bullish backdrop when you have bonds go up and stocks go up.
It's basically propelling the fundamentals, propelling the technicals as well,
money inflows, giving the green light for a lot of funds and stuff.
But when you have bonds just basically falling off a cliff with a 10-year near like 4.6%
and just continuing its downtrend allyear near like 4.6% and just continuing
its downtrend all the way from 3.8% where we thought the Trump put was in place for equities.
We saw the Trump put come in place. He caved. Now he's talking about the stock market every
single day when he was basically saying he's not even looking at the stock market, which I don't
think anyone believed. And I think we were right. But then now you had the bond market kind of pulling back quite a bit.
What we saw last night in futures, bond just basically falling up cliff, the 10-year yields
and long-term yields spiking, the 30-year over 5%.
I think that was kind of a halt for the market.
I think we've been seeing that halt happen later last week as the meltdown did continue.
Today, we just saw a massive reversal.
And that was on the back of probably the worst news
you could probably hear for the bond market,
but not only U.S. bond market,
but also sovereign treasuries as well,
where the Japanese 10-year was just skyrocketing.
And I don't know if you guys remember,
but just a couple of years back,
Japanese bonds were negative yields.
So now we're kind of crossing into the 2% handle territory. And you had the, I forget who exactly said in Japan, I think it was the governor of the Bank of Japan or someone in there, basically saying that this is worse than the crash of the Greek currency in the Greek bond market, probably like 10 years ago, right?
agreed bond market probably like 10 years ago, right? And I don't know if you guys remember,
but that was actually a cataclysmic event that actually impacted our markets as well. And
actually, I would say it was quite a bit of buying the dip opportunity for our markets. But
I mean, of course, that ended up being fine. But when you have the central bank basically saying
that, hey, our debt is going to go belly up, sort of comparing a scenario that that is very bearish sentiment for a central bank to say
and then we basically closed flat on the 10-year and the 10-year pretty much closed exactly where
it closed on Friday that is Friday before they released the Moody's and just seeing that kind
of reaction I think kind of helped the markets kind of grind back from the lows of the day, opening at the lows of the day, all the way just grinding higher throughout the entire day.
And you like, I forget, was it Nick that said it?
I think someone said it, that they were saying that risk assets basically just getting chased up.
You saw like crypto getting chased up pretty much.
I mean, you had a little bit of a sell off from the 106,000 mark all the way down to 102.
And then that just basically got bid up the whole time. And you had like a lot of other
risk assets being sold with especially high beta. You had hood basically getting bought up from the
bottom. You had HIMSS. I mean, I wouldn't say HIMSS was exactly catching a bid all day, but it did
catch a crazy bid and intraday swing of like 8% plus on Friday. So being that it was quite a bit of a red day at the open
hymns, they'll still did hold up pretty strongly, in my opinion, especially at these extended
levels. But at the same time, you know, it's, we're in a melt up, I think we're in a melt up
right now. Most of the risk is being concentrated into mid cap and small caps and high beta.
The mega caps are not seeing the best part of it,
unfortunately, because Amazon is a big position of mine. But at the same time, Amazon was down
like 3% this morning. It was almost at 200 and Jeff Bezos did not hit the sell button. So now
we're back at 206, which is great news. I don't want him to hit the sell button. I really don't
want that to happen again. But I mean, I just say a lot of it is sit and wait. I mean, for me,
I'm fully invested right now. I have a few swing positions on, but I'm not looking to go into heavy margin or anything. I'm not looking to add cash and throw it. I'm waiting for an opportunity. But even if that opportunity ever comes, I mean, I'm still an eye on risk, but I don't think I really want to stress out too much as far as the market's happening right now or try to short it or anything.
I think that you're going to probably waste a lot of mental capital if you try to short this market.
I mean, of course, you can be strategic with certain individual companies or maybe you introduce shorts on the indices and so on.
But I just feel like if you're pressing your shorts up here as the market
continue growing higher, you might get stopped out right before it does its drop.
And then you're going to be thinking that you might get stopped out before it
does its drop until you put it back on.
It's just probably not a good time.
It's like basically standing in front of a moving train.
Like you don't want to stand in front of there.
So that's just my take on it.
Yeah, I love that breakdown, Sam. And it is, uh, I think in general, we have a consensus of like, well, what, what do you really do, uh, over the next week or two from where the spot
we're at now and how hot we've come into this spot. But I mean, do you step in front of this
train either?
And that, that also, that seems more to,
it seems like the risk is to just continue floating upside.
So I don't know.
We'll see paper gains.
Great to have you back on stage on the show with us.
What are your thoughts around market sentiment?
I mean, it is a, it's a crazy one.
So like clearly the market wants to go higher. It's funky, right?
Like, everybody saw the downgrade over the weekend, knee-jerk reaction. Like Sam, I, you know, jump into the charts and be like,
okay, what happened the last two times? You know, and it's not, it's, it's not a nothing burger
near term, but at the end of the day, both times were, um, were dipped by opportunities, right? And
I think 2011, when Standard Poor's downgraded, it was like 20% drawdown. And then 2023, I think it
was like a 10% drawdown in total. This time, both of those two times,
the market first day, day one was down more than a percent. And so like this time,
my first intuition was like, okay, well, let's see what happens Monday. And Monday,
we just start rallying. I close all my short-term calls. I'm like, well, I just lucked out. And then
it starts to float higher. I'm like, wait a second, this is crazy.
And, you know, the more that you think about it, it's like, well, okay, it makes sense. You know,
we know why Trump is doing what he's doing. This is not a new thing. And so, like, the question is, well, did the market, I mean, clearly the market shrugged it off today, you know, but does it, does it, does it put like a near term top? It's possible still. I mean,
one day isn't enough to change everything, but, and I think Nick might've said it earlier, but
you know, what's true is that the pain trade is clearly higher, right? Like this is the definition,
like this is definitively the most hated rally 2.0. If you weren't around for the
most hated rally, the last most hated rally in 2023, this is, this is definitely the most hated
rally 2.0. And it's just insane. Um, I mean, that said, I did go home today with, with some hedges
for sure. And I closed a lot of my short-term stuff, but, um, you know, I think there are
still areas in the market that, that are attractive. Um, I am a little bit more cautious
on some of the like large cap stuff, things that would typically be, um, more impacted by,
by some of this kind of stuff. But, um, but at the end of the day, you know, I posted this morning, like there is no,
it was just a quick, just instant bounce. And there's no technical breakdown. That's going to scream at me yet. You know, at the same time, there's no technical breakout. It very much
looks like it's going to try to break out, but it looked like that on Friday also. And then we get
this downgrade and then whoosh, uh, over the weekend, instantly bought up today.
Here we are, pretty much the same spot that we were on Friday.
So I think it's still a little TBD.
And, you know, this whole time that we've been rallying for the Bears, it's unfortunate for the Bears because everybody can look at this and be like, we have clearly breached, uh, any kind of prevailing downtrend. And so every little dip
becomes a buyable dip that you're looking for another higher low on. Um, and that's just
holding this underlying bid in the market. Now, like, does that mean that we have to dip? No,
it, it really doesn't. Um, and I, and ideally like we could go sideways for a while but
you know the the further that we go it's like well all right well we have we have no tariffs priced in
every headline and i'm looking at this the market is like completely shrugging this off you know
trump goes to meet with putin and and at the same, under all this debt downgrade shenanigans, it's like any
positive tariff news is positive for the market. So it's like, it really doesn't matter that much,
um, until it does, but it's weird. You know, there's so much stuff going on. Um, I think this
is, this is the point where like, okay, you know, pain trade is higher. Does it make sense?
No, it doesn't necessarily make sense to me,
but that's what's happening.
Until I have that clear, clean structural break,
I don't mind hedging here and there strategically,
you know, but it's also very tough
to be like a new money long in this market.
So, and kind of on edge from that perspective,
I think tomorrow might show us a little bit more. Um, but today, yeah, there was, I mean, the bears are weak, dude. I don't know
what's going on with them. They've been in hibernation, but, um, I, they have every
opportunity yet again, and they yet again failed to deliver. So, I mean, that's, that's been, uh,
the theme thus far and so far until otherwise.
It's kind of what it seems to be.
Appreciate those thoughts, Paper.
And when it comes to ask this question to everyone else, I'll ask yourself as well.
When it comes to, I mean, these bears do suck.
I mentioned that a little bit earlier.
But when it comes to, like, like clear skies we still have a lot of
a lot of issues right we one tariff deal basically agreed to um still in the pauses we're naming some
some spots here i don't know it where does the clear skies come from and is it just a sit and
wait until maybe something structurally breaks i, you kind of think about it from this perspective.
Like, at the lows, we were, I mean, lower tariffs than we are today.
And so I think that's obviously a knee-jerk reaction.
But, you know, I guess where does clear skies come from?
I mean, I think we're kind of in it already.
So that's what keeps the bid under the market right now.
It's like, okay, the tariffs are higher than they were at the lows.
And we have one deal done, yes.
I guess the only issue, I don't think any tariff shenanigans is going to take the market down.
I just don't.
And it's really like only deals that could happen.
And even a deal that falls through isn't, it's not going to take the market down.
It's just not.
So it would have to be, you know, a 10-year yield hitting over 5%.
That's the only thing that would really like maybe break the market, something that's unforeseen
at the moment that's possibly looming out there.
And I know the UK started buying bonds and stuff,
but seeing TLT back up today or the yields coming back down instantly,
again, it's not horrible.
I think that people rotate, right?
Like SPI can go sideways and people are
rotating a little bit into some back into some we'll see healthcare names coming off the lows
pretty pretty well um that's good right it doesn't have to be all mega cap all the time
and so broadening out i think is is a little bit more in store or appropriate, healthy. And then mega caps continue to do the deal.
But until I think Nvidia next week,
if they just blow it away, that there's your, there's your deal, right?
So Nvidia blows it away next week.
Market still has that to look forward to.
And if, if that's the case, then yeah, that's clear skies.
Appreciate those thoughts. We'll come back around and get some stock picks here shortly uh jaguar great to have you back on the space as well what
thoughts you have and i have to say you're one of the first people that pivoted and and was bullish
on this market that i've heard around spaces good afternoon everybody it's been a while everybody doing good um haven't talked to you
uh since that one space is that i think frank ran uh paper i think you were there and a couple
other people yeah it's been a while for sure yeah good to have the crew back yeah look Yeah, my high level thought is this. I think that, you know, we we transition from from the headlines that were driven by tariffs to the optimistic side, which is that the tariffs was going to cause all of these concerns about inflation skyrocketing. That is not
happening, right? I mean, and we saw the CPI and the PPI that came out, they came in below
expectations, and now we're at the lowest level in, I think, since 2021. And then also,
the second part of the bull case was that more and more the focus will shift towards this mega bill that's in the Congress,
which I think if it passes, you know, even if a much smaller version of it passes the Congress, right,
If it passes the Congress, right, then let's say the one that was originally being debated around 4.5 trillion, even if it is around 2.7 trillion is a number that I'm seeing now.
Net on the margin, it's still better than the austerity that we were talking about with Doji making headlines after Trump became, you know, became the president. So you have essentially two narratives soon after Trump took the office,
both basically subsiding and making essentially complete U-turn.
Number one, you know, tariff was going to cause all this massive inflationary shock.
That's not happening. Right.
And number two, you know, Doji was going to lay off so many people, fire everyone.
Departments will close and thousands will be will be off the you know, will be out of the job and whatnot.
And suddenly we don't talk about Doji anymore. I call it Doji. You can call it whatever doggy or whatever.
I don't know. Just make something. But supposedly and even you may have noticed that even Elon Musk doesn't
tweet about as much about it anymore, you know, as to as to cuts there or spending cuts there.
Instead, we are talking about this bill in the Congress and we're debating over the size of it
now. Right. Which which is all going to be net expansionary in the fiscal policy. Forget about any austerity.
And that was the key message that in that one space
as I was trying to provide a month ago
when I was there with Frank and Papur and a couple others
where I said that, look, in a month from now,
we're going to be talking about completely different things.
And this whole tariff will no longer even apply anymore. Nobody would
even care anymore. We would have moved on to new things, new completely different headlines. And
that's exactly what's happening here. And I'll be honest with you. If you get a fiscal side that comes together that is net expansionary without an inflation shock.
Inflation stays subdued around 2.5% for many months to come.
And then combine that with labor market holding okay, even if it's only on the low point,
let's say 150,000 net payroll gains or maybe 200,000 somewhere in this neighborhood.
What do you call this?
This is not stagflation.
Market will increasingly look at this as Goldilocks.
And remind you, this is exactly the type of stuff we saw in 2019 as well.
After, remember in 2018, Trump initially, specifically starting from March 2018,
when Trump really started to go after China during his first term, it caused all this volatility and shocks in the market,
and everybody had similar kind of very dramatic negative views that things were going to fall
apart and all that. And then ultimately, it led to a 20% crash in the stock market,
And then ultimately, it led to a 20% crash in the stock market, which was two weeks after he imposed 10% blanket on China in September of 2018.
And that was compounded by a few other things, too.
So I won't go into the detail.
But the point is that in the fourth quarter of 2018, the market crashed by 19.6% from peak to trough.
We essentially went into pretty much a bear market.
A day or two days before Christmas, right,
the market finally started to,
got such an exhaustion selling pressure,
and then came January,
suddenly the entire narrative just shifted.
There was no more talk during the entire year of 2019,
there was no more talk from Trump about tariff
anymore like he suddenly just stopped like he couldn't he could not he could
not care less about it about it anymore and there was just no more discussion
and guess what the narrative shifted the the logic and new things new chapters
opened up and then 2019 was one of the most remarkable years where things just
went straight up for a long long period of the most remarkable years where things just went straight
up for a long long period of time i'll never forget that man christmas eve 2018 i literally
left the family in the dust and i ran to the computers like this is crazy but yeah yeah i mean
you know look i i will throw this tying in all these knots together into one simple thing, right?
You know, again, I'll say if you do not get cracks in the labor market, that's number one.
Number two, if you do not get a spike in inflation above, let's say, 2.8%, 2.9%,
or if you want to use round figure, 3% on the headline CPI, right? And number three,
instead of austerity in the federal government, you start to get these expansionary policies on
the fiscal side once this version of the bill passes. I mean, the combination of these three
things would lead to strong equity markets and would lead to essentially a forget the stagflation.
This will start to look like increasingly more and more Goldilocks.
That's essentially what it's going to look like.
And market is interpreting, market direction is telling us, I mean, industrial sector XLI is making a new 52-week high.
When in a bear market you see the smokestacks go to make a new 52-week high.
I mean, name one bear market in which smokestacks go to make a new 52-week high.
So, I mean, look, the signals are here.
Now, I understand that we went up way too fast, right?
We went up like 20% in a month, month and a half, right? Some tapering of the price section, maybe even a 5%, 10% pullback of this, you know? I mean, 10% sounds like a lot, but it could be just one quick whack down and then right back.
Maybe we retrace a little bit.
We create the handle of the cup and handle formation of this market bounce from the liberation crash lows.
And then after some while, we basically break out and then we take out $6,000 decisively and then go towards $6,500 in the S&P.
So I'm still bullish.
Positioning-wise, I'm still bullish.
Yeah, of course, I have hedges.
I always have some hedges right i
mean i have spy uh put butterfly spreads out in uh september that is 250 um that is uh 250 uh
220 250 220 200 what am i saying 250 sorry 550 sorry about that 550 500 475 skip a strike put butterfly spreads and spy right
small two dollars and 20 cents hedge but it is enough sized that in case of this market gets
whacked more than five percent the hedge will pay off big time right so i always have protections
in the portfolio but on the margin net net i bullish, and I still think we grind higher.
And I'll tell you this, one last thing before, you know, I don't want to take any more time here,
and I'll come around maybe with a couple picks.
It's been a while since I've been with you on the spaces.
Look, look at the signals in the market, aside from just industrial sector too.
Look at where you're seeing even the unprofitable tech basket, for example,
catching a bit. You're seeing quantum stocks rallying. You're seeing these drone stocks
essentially rallying. You're seeing these air taxis like Archer Aviation and a couple others.
These are high momentum, unprofitable, very high multiple stocks, right? They're essentially
catching fire. You're seeing growth stocks are starting to lead. It's not broad based, but it is
there. Sparse activity gradually becoming increasingly more and more defined in the
price section.
And I think that's constructive.
That's it from me.
I'll come around later in a little bit.
Appreciate those thoughts, Jaguar.
Sam, quick comment from you.
And then we want to go ahead and jump into the picks.
So we'll start throwing around from there.
Yeah, just a quick question, Jag.
How are those sub $400 QQQ buys you did, what was that, like two days ago?
I'm sorry, sub four, what?
Because I remember when the queues open in overnight trading, you buy.
Oh, yeah, yeah.
Crazy return.
That very night, you know, when queues open at 8 p.m., the overnight session at night, I before that they open that Sunday night.
I don't know what day that was, April 7th or something.
I placed an order to buy queues at exactly 400.
Right. And got filled right at the open.
And and queues hit a low of 398 that night and so and that was it and then from that point on it was just rally on it was just non-stop scorching hot rally continued ever since then where we are
now 520 something yeah it's been it's it's been fun this entire time. I'll just say this, but I still don't think it's done.
I think we may pause along the way.
We may even pull back, create, like I said, the handle of the cup and handle formation, right?
We may shake off some overbought conditions in the short term, but I'll just give you once again the setup that I just talked about.
I think we see new 52-week highs.
I believe we see new record highs in all indexes.
I don't know about IWM.
I think it will be the last one to catch up,
but I think it will probably get there too.
Well said.
All right, 15 minutes or so.
Let's jump into the picks,
two picks apiece from all of our panelists.
That starts from tomorrow's open and goes till this space happens next week or next week's close on Monday.
And Jordan was our winner from last week.
So Jordan, Connell, which that Coinbase news came out while we were on this space and you you took the leap of faith and took that 24 percent return.
You had a 15 percent average return across the board because you also had DQQQ. What are
your two picks looking like? Great job, by the way. What are your two picks looking like for this
week? Let's go, baby. Okay. So amazing thoughts from the panel, by the way. It's obviously,
you know, what was said, a melt-up type of market right now where, I mean, bears have just had so
many chances to get it done
and they really haven't. And we just hit another huge target previous week high, like this morning
on a Monday. We just absolutely ripped it into there and price action has been great again.
And I'm just like, oh gosh, are we, is this another time? Like, this is another time where
we're in an area in which I could, you know, I could expect to maybe see something for the Bears to try and step in.
But there's absolutely no trigger for it yet, even on a higher even on a lower time frame, but especially the higher time frame.
There is no trigger for that yet. So I'm going to I'm going to continue to kind of take the take the leap of faith and go, we're going to go long TQQQ and short SQQQ.
That, yeah, that's how that's going to work. So we're going to do that. And we're just going to
keep running with the market. Yeah, just double down. I'm like, okay, like we haven't really
gotten over, you know, Thursday's high on NQ. We tapped over it today, traded over it for a minute,
but no real confirmation over that.
But I have no doubt
that if this market stays strong,
we will.
And we have plenty of areas
that could be absolutely tapped into above us
that haven't been tapped into yet.
Some imbalances I'm watching.
So I'm curious to see if it keeps continuing.
If we don't, I mean,
I'm going to top tick this and, you know,
whatever. But there's just no trigger yet. And with everything going on and how the market's
trading, I'm not going to go against it here. So we're just going to run with it. If I get bagged
on it and we end up, you know, catching some great shorts this week, then so be it, whatever.
But that's just what I'm doing. I'm showing up and I'm like, okay, the area is like where I can expect the short, cool. I'm like watching before it, but
it just doesn't trigger. And so I just keep playing the long and that's how we're going
to keep doing it. But I have to expect that certain areas to be like, okay, it might get
a little hairy here, but every time this market just keeps proving to us that it wants to go
higher. So we'll see what this wants to do. But those are my picks. Jordan, your picks have done very well.
I think the one week that you did bad was the one week that you flipped short.
So I don't blame you for standing on this.
But TQQQ and SQQQ from Jordan.
That's short side SQQQ and long TQQQ.
And our second place finisher, Mr. Sam Solid.
Sam, what couple? And let's keep this to about a minute, two minutes each here
so we can make sure and get everyone in before the top of the hour.
But Sam, you had Robinhood last week, 9.10% return, 5% average return between your two picks.
Your second place, what two picks do you have for us this week?
Okay, so I was going to do Doge, but i was looking at the correlations between uh doge and
ethereum and it actually has nothing good doge did pop for a minute the other day um i did break
even on that trade unfortunately should have taken profit sooner but anyways um i'm gonna go with
ethu which is the two times Ethereum ETF. And I'm also trying to think of a second one to do.
I think I'm going to do TMF, which is the three times TLT ETF.
I thought today's close was very bullish as far as going from pretty much down 2% to pretty much closing flat in the day on the back of pretty bad news.
So, yeah, I'm going to do TMF and ETHU.
Long Ethereum and long the leveraged bonds there from Sam.
So it was interesting seeing those yields just all day long,
basically just sell off all the way into the close. So E-T-H-U, long side, T-M-F, long side from our second place finisher, Mr. Sam Solid.
Appreciate you, sir.
Third place, that goes to myself.
I had Soxel, which was my top performer there.
And Simi, my thesis was all the Saudi buying, basically.
So I stayed with that. I'm not
going to do any leverage stuff this week. My caveat is I am head short with just buy puts,
just based on where we're at the market. But I'm going to take PanW with earnings tomorrow,
and then CrowdStrike. I think cybersecurity is strong. And if PanW reports well, CrowdStrike looks primed to go to highs.
So P-A-N-W and C-R-W-D from myself.
And with that said, let's go over to Nick Drendel and get Nick Drendel's picks.
All right.
First, I'm going to go with PRCH.
This stock's been just trading super tight the last two weeks above the 10-day moving average,
which is catching up right now. Really small, tiny, tiny gap down today and really tight action,
but still closed right near the high. And what I really like about this is on the weekly chart,
about this is on the weekly chart, we've gone through basically a three-year base now. And
since we've put in the low just before 2024, you see all the big weekly bars,
they're all showing blue, meaning we closed that week higher than the open. And that's a sign of
accumulation. And if we have all that accumulation in the base,
and then we have this really tight price action, plus a market that continues to shake off any bad
news, I think this is one of those kind of more riskier trades that you could tighten up your
stop and just say, if we take out today's high high use today's low as your stop and then try
to play this for kind of an extended move using the five day or ten day moving average as your
stop as it continues higher and then so that's prch the second one let me should be in the nest now. MVST was one of the kind of high flyers at the end of 2024
that I kept on my radar to actually short and it did drop like from 270 down to 114 as the market
pulled back. But early on, before the market actually bottomed, this put in a nice
gap up on earnings, got tight, rallied off the 50, pulled into the 20, got tight again,
and has taken out the previous highs for the year. It continues to just ride this five-day
moving average higher. And today basically opened on the low, closed on the high of the day,
higher. And today basically opened on the low, closed on the high of the day,
which is exactly what you want to see. And then on a weekly chart as well,
this had a really sharp decline for a couple years from 2023 to the end of 2024 before this rally,
but major resistance area at 286, we've cleared that. And again, if this is as hot of a market as I think
it is, we're going to see some of these relatively riskier plays get bid up. So it's always tough to
know which one of these smaller stocks are going to get the juice. So I try to find a couple and just like sprinkle exposure throughout
just to get some performance boosters there.
But we'll use today's low as the stop for this trade.
All right.
PRCH Porch Group and MVST MicroVest Holdings,
both on the long side from Mr. Drendel.
Appreciate you, sir.
Ben, let's go over to you next.
Okay.
So there's one thing I want to let you guys know about that could do really well tomorrow,
but I don't know where it's going to open at 9.30 a.m.
So it's just unofficial because it's really moving.
ASPI had a pretty, looks like a significant press release, a deal with TerraPower for what looks to be a big deal.
And the short position is huge.
A lot of strength, nuclear name, it's had a lot of strength here in the last several days.
And the short interest is nine days to cover. It's up 10% in an after hour.
So I'm getting this now and I'm going to hold it in tomorrow, but it's not.
But yeah, it was a competition that way it works, 9.30 a.m. I don't know.
So that's just, you know, telling you guys about that because you might want to look into it as far as the competition goes
I'm gonna go
CLB our Columbia acquisition corp
this
theme that has two themes that's been really hot one is
SPACs or D SPACs or
You know whatever phase during honestly they're in. Honestly, they're
hitting at every phase. They're hitting at the deal announcement, the D-SPAC phase, and
now CLBR, this is a SPAC that the target was already announced. It's a Donald Trump
Jr. thing with guns, and it looks like they've been trying to run this so hard, man. They've
been accumulating this over the last week or two, accumulating call options.
Donald Trump Jr. has been hinting at stuff, and I think they're going to run this really hard soon.
So I've been building up a position on CLBR, and this might be the week where it explodes.
All right, so that's CLBR.
The second one will be a risk asset.
We're talking about these growthy names that are doing well.
Well, I've been looking at WeRide and Pony, these autonomous driving companies, and they
both had some sort of dealings with Uber recently, and Pony did so much better than WeRide.
But I think there might be a little catch up play here with WeRide.
They both report this week.
So a little bit of an earnings bet on a risky name.
Pony reports tomorrow.
WeRide I think is the next day or maybe Wednesday.
So WRD is sitting right at the 20 day moving average.
I've been looking for an $11.50 target.
We're at $8.57 now. So maybe if we hear some
good things from either Pony or WeRide here in the next couple days, we can make that
move to the 50-day moving average roughly. So it's CLBR and WRD. And then don't forget
about ASPI. I think that might be a real winner, but a lot of the gains might happen before.
They have a conference call, I think, tomorrow at 8 a.m.
to go over the seal, so
a lot of the move might happen tonight
and before 9.30 a.m. tomorrow,
so take a look at that.
Appreciate you, Ben. That's
Mr. Story Trading over there, CLBR
and WRD, both
on the long side. And let's
go back to paper gains for a couple picks.
Oh, man.
I forgot how hard this is.
We got the micro-cap, small-cap people.
We can get some crazy ones.
I'm like, then you got Emp over here taking earnings trades.
I'm like, oh, shit.
It is tough. You know what? I'm going to,
I'm going to roll with the crew and just go a little, little crazy, I guess. Maybe I'm going
to go bottom fishing for this one. Let's go first pick UNH. I bet go bottom fishing, man. I don't
know what to tell you. Uh, I like healthcare in general here. It was, it's a, from a technical
perspective, a beautiful pullback retest and hold.
I mean, among some of those names like large cap healthcare, I think if for whatever reason
the market doesn't continue on, that'll still be a safety area.
UNH, probably not so much safety, but the sector as a whole.
Probably not going to get hit like the rest, I don't think.
So that's the first one, already well on its way from a whole. Probably not going to get hit like the rest, I don't think. So that's the first one already well on its way from, you know, a recovery. So what's another 20% on UNH? Probably
nothing. And then I don't know why Sam didn't pick Hoodie again. So I'm a little, I'm a little
confused, but I'll take it for him. But since it is a competition, I suppose we should just go ROBN for the 2x leverage.
I mean, this thing is just absolute beast.
Wait, I messaged ROBN as my pick.
Oh, sorry.
I'm not looking at their message, but I already sent it.
There it is.
It's going in.
Locked and loaded.
ROBN.
I mean, I like it. I mean mean it's my largest holding not robin but
like hood in general look crypto didn't get a debt downgrade so i don't know if crypto goes down on
this i i i just that would probably be buyable anyways um and robin hood is just you know amp
amp messaged me earlier today and he has succumbed.
He said, okay, fine.
Robin Hood takes out DraftKings and just overtakes the whole market cap.
So I'm like, you know, you're probably right.
That's fine.
Especially with Sam over here taking all his sports bet on Robin Hood.
Now he's betting on the master of PGA.
And I'm like, I don't know what to do now, man.
We went in for Florida on the NHL last night.
Huge win for the team.
Crushing it on the sports fence.
That was truly great
right there.
It was fantastic. I don't want to run out of time
here, though.
But that's it. ROBN and UNH.
UNH, ROBN.
Gav, I guess you'll have two.
Both of those, I'm going full DJ. Sorry, guys.
Jaguar, let's go ahead and get your two picks as we get towards the top of the hour here.
All right.
Something is up with Newsmax, symbol NMAX.
So about a half hour before the market closed, they started to load up these June 25 call options.
They came in in volume. So they bought a total of,
I think it was 2,500
plus contracts of the June 25 calls in Newsmax
and MEX, paying up $3.40 to
$3.80 offer side.
That's nearly a million dollars in bullish bet.
The stock was super strong today too, all day long.
At one point, it was up 13%.
It never actually turned red in the morning when the market was bleeding lower.
When the market was bleeding lower.
Now remember this company Newsmax is a, you know, if you look at the float and you look at what is the short interest of that, you're only going to get a 4.8% reading. with dark pool and alternative trading systems and over-the-counter markets,
in the off-exchange, the short interest in this stock is 49.8%, which is pretty high, right?
I mean, this is when this thing can squeeze very, very fast.
And then one last thing, you know, there was a couple of news that came out that really caught my attention.
And the stock wasn't reacting much to this last week, but I think it may be a catch up time for Newsmax. including that in the age group between 35 and 64 years old, the total viewership is up 42% year over year, which is astonishing. I mean, there's no other media outlet that has growth
rate of this kind. Again, I don't want to turn any of this into politics. And I understand this
is a highly conservative channel. Maybe many of you probably hate this, but that's not the objective.
The objective is to make money, right?
So 42% growth in the age group between 35 and 64-year-old in Newsmax.
It is tied at number one spot with Fox News in the prime time engagement for the same age group.
news in the prime time engagement for the same age group on average about each viewer in that
age group between 35 and 64 spends 36 minutes per day on newsmax this come this is 10 minutes more or CNN, in the extended day session, the viewership is up 7%,
while CNN fell 21%, and MSNBC fell by 35%, and even Fox News fell by 12%.
And 3.7 million viewers watch Newsmax, and they never actually turn to Fox News anymore.
So this is all we found out from the engagement side.
But then there was another big news that was on May 9th.
All of this engagement was before we found out that on May 9th,
the company signed a multi-year agreement for distribution with Hulu Plus Live TV.
So starting from July, so it's coming up in less than two months from now,
Newsmax will be available on Hulu Plus.
That is going to open up Newsmax to 60 million viewers.
So something to keep in mind.
You know, this is the type of a name that if it catches fire, it could really run.
A couple billion dollar company, I think it's got only $3 billion in market capitalization,
potentially becoming in this Trump regime for the next four years,
a aboveverage grower
compared to any other social media platform, right?
It's going to pull advertising from other networks as well eventually.
And when the Hulu network starts, 60 million households
will be able to watch it starting from July.
Yeah, I could see this thing make another run
just similar to the run that it made after the IPO.
Maybe not all the way to $200 per share, but yeah, it could run.
So that is on Newsmax.
That's my first pick.
Gov, you have your hand?
No, you're good, Jag.
I love the picks here.
I was just going to say that after Jag finishes his next pick, I don't know if we had anyone else, but I got John Barker up on stage for our next conversation.
But, Jag, you're all good to roll with your next pick, and then we'll roll into the next couple after. Yeah, I'll keep it quick.
The second pick that I have is a, look, we have Home Depot reporting earnings tomorrow morning
before market opens, right? I am long Home Depot going into this earnings. I expect company to post a very good quarter. But if Home Depot comes out
making a case that as we have, we don't have enough existing home inventory coming to the market,
but at the same time, that new dwellings have really slowed down as well because
many borrowers have been priced out. The net result of this combination
is that you're starting to see people staying in their home longer, which is resulting in home
renovation basically starting to grow above average than the industry, than the overall
housing industry. And so if Home Depot comes out making this case that renovation business is far, far stronger than people want to believe and it ignites a rally across the board in many housing related stock, not the home builders, but the ones that provide, you know, home renovation services. watching tomorrow for a breakout on those comments would be Service Titan.
Symbol is T-T-A-N.
Service Titan.
This is a fairly new IPO.
T-T-A-N.
Take a look at the chart.
It is setting up for another breakout from this recent consolidation.
It has been rising rapidly.
It's an under-the-radar name with only about $500 million,
less than $500 million in
market capitalization. And I think if Home Depot says something positive, this one will catch a
fire. I could go into far more details fundamentally, but that will end up being far
longer discussion. I just wanted to mention that this company is modernizing a large and technologically underserved industry, which is often referred to
as trades, by working with field agents to install, maintain, and service the infrastructure and
systems inside residences and commercial buildings. And the company is growing sales,
top-line sales, by 24% year over year. It works with all sorts of people, including local plumber,
roofer, landscaper, HVAC technicians, and many, many others. So keep an eye on this one. This
could pop and break out very soon, but it comes down to what Home Depot says about the home
renovation industry tomorrow morning, and I'm expecting a good quarter. That's it from me.
industry tomorrow morning and i'm expecting a good quarter that's it from me long newsmax
nmax and long service titan symbol ttan thank you for having me see you next time
appreciate you for joining us jaguar and uh we we are out of time here uh not joined us there
bull trade finder we'll have him back on next week uh but he did get his picks over to me he's picking rivian and oscar oscr i've got a tweet ready uh to send out right now gab the only
thing is uh paper games beat you to uh robn so whatever updated pick you want right there and T.S.L.T.
T.S.L.T.
Perfect.
I've got a full tweet about to go out with every one of these picks.
Big shout out to the whole crew.
Thanks to all the stock pickers that joined us up here today.
What a crowd we had.
Great picks across the board.
Check out this tweet that's going out from the Wolf account right now.
And with that, Gav, I think we're ready to roll into this next conversation beautiful beautiful yes i've been looking forward to this one uh we've actually had a conversation with john barker from the team
over at lonker before and wow has the stock run since we had that last conversation i definitely
encourage people to pull this one up on your radar. If you haven't been looking at it before, L-O-N-C-F is the ticker and it is moving with a capital M right
there. So this thing's up 91.5% year to date. And luckily we had this and talked about it in our
space way before the breakout. So for people that are following, it's up about a hundred percent
since our last space, which is super cool to see. And I was just excited for this space because gold is pretty much the hottest thing right now. I'd actually
give a shout out to Jaguar. Jaguar really keeps me in the loop with everything gold. He's got a
great Telegram channel that I'm always watching. And he posts a ton about here's what's happening
with gold. Here's the interest, right? And so I'll give a shout out to him because he's really
gotten my mind into the mix when it comes to these things. And so that's why I wanted to go up and bring back. So I've been looking for any publicly traded gold companies
that are open to coming on spaces and having conversations with us. That's what I'm looking
to do. And that's what I'm looking to be a part of. And obviously, as audience knows, we do these
as paid promotional spaces. I work together with publicly traded companies to give them
a platform. And when I know, when I find amazing
ones like these, it really doubles down. So I'll give some more disclosures in a minute, but I'm
going to give them an opportunity first to just, you know, introduce themselves, share a little bit
of context, and then we'll go ahead and get into things. Before I go over to John, George, is there
anything you want to say off the top here? Hey, Gav, thanks for having me back. What I love about
this repeat performance with Longcore is when you and I first started working together,
obviously I'm in the small cap space.
You said, George, we've got to really be careful with the kind of companies we bring on.
They've got to be really high quality.
And back in July of last year, I first introduced you to Longcore.
I said, look, you've got to take a look at this company.
It's got about 4 million ounces of gold in the DRc uh the second largest gold deposit in the drc
uh only second to barrack anglo gold so uh you know that was good enough for you you took a chance
uh to introduce the company to everybody and since then i think when i think when long core came on
the stock was trading around 28 to 30 cents us uh usd now it's trading at 70 cents usd
and it's still at a market cap under 150 million dollars uh and and it's got a i'll let john talk
about this but it's net present value is over a billion and closer to two billion dollars so uh
i still think uh it's a fantastic a fantastic company for everyone on your show to
discover. And I'm really happy that you're having us back on. And I'm glad to have made
an honest guy to you because you gave us a chance and we brought you a really great company along
for. Yeah, nothing wrong with some 52-week highs, I'll tell you that. John, how's it going?
Great, thanks. And thanks for the introduction, Wolf, Gav, George, all of you there. It's a
real pleasure to be back on again.
Yeah, really a pleasure to have you on. And what better timing to do this? Like George has
mentioned, this doc has tripled since he initially introduced me to it. And I'm very passionate about this area. I've
actually gone out and explored in-person gold exploration. I did that out in Tonopah,
in Nevada beforehand. And so I've really gotten a great idea of these areas personally and been
able to actually dig in. Just as we kick things off here for the audience, something that's
important, I always be upfront about these things, right? This advertisement for Longcore. And again, that ticker, if you want to look it up while we're on
here, L-O-N-C-F. It's a paid advertisement. It's intended for informational purposes only.
It's not a recommendation or endorsement of any specific stock or investment strategy.
Investing in stocks involves risk, including the possibility of losing your entire principal.
Always conduct thorough research. And if you feel the need to, consult with licensed financial
advisor before making investment decisions. Use this space as the top of your
due diligence profile and simply go from there. And George is also a great resource at GoraCom.
You can go look at his website for a lot more details when it comes to these things. But to me,
this is exciting, right? The gold space is on fire right now. I'm very bullish on it in the
short term and the long term. This is a company that has a lot of promise, especially above where the market cap is right
now.
So let's go ahead and get into things.
George, is there anything you want to specifically kick off with?
I know we have a lot of highlights.
Look, as gold hits record highs, you're getting a lot of pretenders coming out of the woodwork.
You know, George Calm Gold, that doesn't exist, it's just playing my name.
You know, George Calm Gold will come out and say,
we've got Fort Knox, it's sitting in Greece,
and my dad saw a shiny rock there, and we think we've got Fort Knox.
And you're going to have a lot of pretenders who are coming out now
trying to capitalize.
And sometimes it gets difficult to separate, you know,
the real companies from the
wheat from the chaff at the end of the day uh so a couple like long core uh has been around for a
very long time they've invested a lot of time in the drc uh acquiring uh the project uh exploring
the project and and proving up these resources here uh where we're just on their
flagship deposit they've got 3.66 million ounces just in their flagship and 4 million ounce of gold
in total uh at the project there so uh what i what i what i like about long core is that it's
it's the real deal it's not a flash in the pan it's not a bunch of promoters coming together and trying to trying
to promote uh on on the all-time highs of gold and uh and the company has never wavered a lot of
these resource companies sometimes will waver into different geographies or different metals trying
to catch the flavor of the month the flavor of the year and the team at longcore uh just doesn't do
that they've been very committed and and now that's paying off.
They're finally starting to get their recognition in the marketplace,
like we said, big highs, big highs since we spoke last
and still under $150 million mark cap.
So I think the best thing to do is switch over to John
and have you ask him a couple of questions for everybody
and then have your team.
I see a lot of the great Lucas on, ladies on, a lot of great people are on to ask more questions about it and and
really guys don't be afraid to really drill into john uh pardon the pun uh because if you really
want to do your due diligence this is the time to do it but i think you're all going to be very happy
with with what you hear perfect and yeah we have the all-star panel tonight. So excited to have
them on. And if anybody wants to ask questions, feel free to throw that hand up. We'll come right
over to you. Let me kick it off, John. Let's talk about the bigger picture here. Gold, it's soaring.
Why is it running up so high? And how does your company benefit from that?
Look, gold sticks out now as an asset of choice. Look around the world and China's been filling its pockets with gold for quite a while now.
And of course, there's some creaky signs maybe in the US when you look at what's happening now on the bond side and the currency. So more and more and more eyes have been pushed towards the old asset class,
which is gold. So gold, I think, is the focus of attention, rightly. But when you look at our story,
and we've really been marketing our story aggressively since October last year,
our story aggressively since October last year. And it's been noticed for what it is.
And you just touched on it there, George. It's big as far as deposits, certainly in
East and West Africa. It's big, it's high grade, and we'd like to think that converts
to quality. And so gold deposit, it's getting bigger as we're drilling, and it still looks cheap on numerous measures.
So if you add to that the place that we're actually operating, the DRC, unlike many African countries, the DRC is actually courting successfully a high-profile U.S. involvement.
You're getting names like Bill Gates and Jeff Bezos looking at the DRC for its mineral potential. This is
real mineral potential, which has been stimulated by US and DRC government discussions. And those
two parties, for example, Gates and Bezos, are talking about putting around a billion dollars
into a lithium project in the DRC. So again, it's creating eyes into our space that wasn't there necessarily a few months ago.
And then if you put it together, we've been drilling as well.
That's getting eyes as well.
We're getting wide, high-grade drill results coming through.
Everything is coming together.
And then you're getting success stories in the space.
I mean, one of the high-profile companies, a company like Montage, went from 100 mil to a billion dollars in 12 months.
And now some of the investors are now looking for the next one.
And we'd like to think that we've got a lot of the ticks in the box that makes us a compelling story.
So we're getting traction.
You can see that in a recent private placement we did.
We were oversubscribed on a small placement.
We took it higher and we haven't yet closed it. But I can tell you a lot of demand came through
from that and essentially we closed on that one too. And all that educating the market over the
last six months or so is starting to really pay dividends in many directions.
pay dividends in many directions. Great breakdown. And this is helpful. There's a lot of people who
I think have a lot of curiosity just around the gold space right now. And so hearing you talk
through it and how that relates to different pieces, it's very helpful. All right, let's talk
about some of the deposits here, because that's getting a little bit more into the nitty gritty.
You have the Adumby deposit. How significant is that on a global scale to give people some context here?
There is a classification in the gold world, which is really started by Baric,
where they talk about tier one deposits.
One of the key components of becoming a tier one deposit is a five million ounce deposit.
Tier one being the largest one and one that majors will look
to gravitate towards because of the size.
So we believe with the drilling we're doing, we currently got 4 million ounces in total
under our control.
And the drilling we're doing, we're targeting getting 5 million ounces.
And we talked about towards the end of this year, but I suppose to be conservative, maybe
quarter one next year and for a tier one large deposit and if you look at comparables again if you look on our
website I've got quite a bit of detail in my presentations or videos of comparables in western
east Africa I've got over 20 projects and we really stand out as one of the largest projects
there and the fact that we're drilling will really push us to be one of the outstanding deposits.
You couple that with the grams per ton, the grade that we talk about,
which is a real reflection of sort of revenue per ton.
And we're the highest grade per ton in that same grouping in the East and West Africa,
which just again accentuates the quality that we believe that we're uncovering
in this deposit at Adumbe.
That's great detail there on the size of the deposit and where it needs to be at in order
to get qualified for tier one and then why that's so important.
George, want to jump in there?
Yeah, I was going to say, hey, John, what would also be great to talk about is you're the
second largest gold deposit in the DRC but you're located just just about 20
kilometers away from number one Africa's largest the Barrick Anglo Gold
Kabali mine talk to everybody about the significance of being that close from a
geological point of view and even from a strategic point of view to
Africa's largest gold mine.
Yeah, well, let's start.
And how big it is, by the way, and how big that is.
Yeah, well, let's just start out with sentiment.
We're sitting there with, as you say, Africa's largest gold mine, no ordinary gold mine.
This is the largest, arguably the sixth largest gold mine in the world.
It's mined for 14 years now.
When it started out, it was around 5 million ounces
of resources, similar to where we are now.
And now they keep finding ounces
and they've got over 15 million ounces,
just 220Ks away.
And in the future, that's really where we're gonna get.
Anything we need, we're gonna get from there.
There's a ton of around 500,000 people there people there started when they started out about 30 000 now about 500 000 so
we will be looking at upgrading the road and getting anything we need uh from that project
there so that's the first thing to bear in mind great mine in the same mining jurisdiction as we
are geology is real similar i don't want to get technical but fact is really similar similar age which is it's one of those things points there being a similar deposit
but structurally very similar and um as i say larger than we are but we've got a lot of ground
that we could explore on so that's we believe a real a real positive having this as a neighbor
it's a cash cow cash cow for barr Barrick and Anglo Gold is a joint venture.
Costs last year were below $1,200 an ounce, all in.
And you see where gold is now.
Look at the margin.
That's like 60-odd percent margin.
It's just churning out cash year after year.
Size-wise, it's a 600,000, 700,000 ounce producer.
We believe in the future we could be a 300,000 ounce producer.
We've done a study.
It's called a preliminary economic assessment.
Again, all the details available to you.
And we believe we're in a similar cost structure because of the quality of our deposit, the grade, similar.
And how deep does that mine go, Kabali?
Well, Kabali is currently edging on a kilometer deep with its mining infrastructure,
and they've drilled down to one and a half kilometers.
Our deepest hole, which we announced just a few weeks back, is 800 meters.
So we could go a lot deeper.
These types of deposits, they call it banded iron stones, around the world.
They have a history of being big deposits going deeper and deeper.
So we've got work to do to see how big our deposit is.
We've got work to do to find out what's along our 14 kilometers of structure,
where we know there's gold on surface, but we've yet to do any significant work
to find out what's going on underneath.
So a lot of positives having Kabali there as our neighbors as our neighbors we say in the same jurisdiction
great question there george you have a follow-up uh well actually no i'll wait for everybody else
i've got a couple of questions on cue for john but i want to make sure i don't steal the thunder
of everybody else but uh but that was yeah that was great and there's so much more to uncover here let me pull a trader in and then we'll go
over to uh mining stocks lady trader what's on your mind hey thank you so much so uh this is this
looks like a great stock just looking at it basically the the price action and everything
a very bullish chart actually so uh gav first of all uh thank you so much for putting this on my
radar i've've talked about
it before as well. I think I've heard you talk about it before. And it just, I didn't look into
it that much last time, but I am looking into it a little bit more this time. I do have a question.
Besides the market cap, of course, that you have right now, it's very small. So the ROI potential
is great there. Why else would investors invest
in something like, you know, Lawn Core versus just going with the spot gold?
Well, I think you have more leverage playing this way. As I say, it's an option on the gold price.
It's an option on us finding 5 million ounces plus. It's an option on us potentially being
involved in corporate activity. It's an option on on the drc which is doing some things right currently and all those things
together plus the fact that you're seeing other stocks really flying i mentioned montage that's
the real 10 bagger there that's already happened in the sector there There are the real signs that optionality is being realized and investors
are starting to play the space for the type of leverage that you've seen in Montage and I think
you're starting to see in our stock now. So that's why you play the space. You've already seen some
movement in the major stocks and people are starting to trickle down into our space and seeing some benefit from it in the likes of Montage and ourselves.
Thank you. And then the next question I have is around where we are at with gold, right? We are
at about 32K or 3,200 right now. And I remember last time when we hit close to $2,000, this was like, you know, back in 2011, that was the first time we created that all-time highs.
We had a big correction off of that, about 45%, really.
And so now we are coming up at another major number, which is 5K.
Do you think we're going to get there and then have a major correction?
Or do you see another correction coming up anytime soon?
Because this is why I'm thinking
we are probably gonna run up to about close to 5K on Bitcoin,
or I'm sorry, on gold.
I'm from crypto mostly.
So that's why you heard me say Bitcoin.
But do you think it would hit 5K
and then have a major correction?
Or would we see a correction before that?
Look, I'm an ex-analyst, fundamental analyst.
So the one thing that I know about my predictions is that they're wrong.
I think that's just the fact of the life we live in.
Where I think gold's going, what the figure is, I don't know.
I think it's going up.
I wouldn't like to put a figure on it.
If it goes up, that means you get more eyes. And I think we stand out. We're still extremely cheap.
So whether it goes to 5,000 and bounces up, I don't know. What I have seen with our stock,
you said it's a pretty bullish chart, is that during two periods recently of potential
downward pressure, that is, we saw some correction in the gold price last week.
Our stock went up.
We also did a private placement at 5 cents,
55 cents rather, for a unit.
Our stock went up.
So I'm comfortable looking at our stock
that we still have a long way to go.
And even with correction in the gold price,
our underlying fundamentals are so positive
that we'll continue to get eyes.
But, you know, I'm not a chartist.
Can't help you on the likely thoughts of correction.
I'm sure on the way up, I mean,
I remember from listening to our chartists,
it's healthy that if you see a volatile movements
on your chart, you're going to see the correction from time to time, whether that's 5000, whether it's 4000, whether it's a higher figure, I don't know.
But I'm sure we're going to see corrections as you see in this volatile market stories changing week after week.
But the one thing that I think is you're going to continue to see the percentage of gold held in portfolios increase rather than
decrease and given the scale of the market which is still not the largest market in the world
you're going to see the gold price carry on that is the fundamental driving element for bullion
going forward that are you going to see more buyers than sellers given the world that we're
living in currently and with that i think you're going to see a positive chart thank you that's great i do come from trad fiber so basically started my career at a hedge
fund you know continued with equities all of these commodities and then turned into forex and then
ultimately crypto one thing i do track is um all of the emerging tech right right? Whether it's AI, whether it's RWAs, whether it's D-Pens. And there is a real use case for tokenizing gold.
That's big.
A lot of companies are looking into it.
And I think LonCore would be a great one for that.
So are you looking into utilizing some of these techs,
AI or RWA, like with tokenization and all of that?
And if yes, then what's your plan there?
We haven't looked at it yet,
but it's certainly my philosophy,
you fill your hands with choices
and you make the right one at the right time.
So I'm not discounting it.
It's just, we've been very busy on the ground
just for many years, just keeping going.
And then for the last seven eight months getting drilling fundamental
stuff drilling getting the story out there having not marketed aggressively for many years so that
has been our focus I was in Stuttgart last week I was in London a couple of days later that's
been my focus to try and really get the story out to more and more people.
So forgive me that I haven't pushed that angle.
We've just been busy on the ground.
Got it.
No, this is incredible.
And, you know, I would definitely love to see projects or companies like yours actually tokenizing,
especially with the market cap that you're sitting at right now.
I mean, that's just absolutely incredible.
And it could definitely benefit from some of those emerging techs. But thank you so much for
all of the answers. Back to you, Gav. Oh, great questions. As always, Lady Trader,
I highly encourage everyone to make sure that you're following Lady Trader as well. She brings
a lot of great insights, not just to these spaces, but really across the timeline as a whole. Can't
go wrong with it.
OK, great questions that we've been having.
And by the way, one thing that I wanted to point out, you know, for those that are looking at gold, you know, I love holding gold as well.
And I do think that there's a play to hold both here.
Right.
In my opinion.
And that's partially because when you look at spot gold, right, it's up 21 percent, 22
percent year to date, which is definitely not too shabby.
But you can see with lawn core right there up 92% year to date.
So you can understand that, hey,
there's a bit of a higher beta here.
So, you know, more risk reward with these pieces.
And so that's just something to kind of keep in mind
when you go through these different items.
One thing I did want to touch on,
I was just looking through some of the details here
and I was looking at, you know,
the $5 million in fresh capital. And I was wondering, you know the five million dollars in fresh capital and I was
wondering you know what's next when it comes to the drilling front where are you looking
yeah just on that five million so we we raised five million Canadian uh the date
slips my mind but around two weeks ago and uh immediately it was snapped up we were over subscribed so we pushed
it up and uh with the green shoe and everything it's actually just over nine million canadian now
and uh and again uh the demand has been exceptional we've got a bunch of uh new names uh big funds in
there um if i recall five or six new big funds from both US and elsewhere in
the world. And so that's great, I think, improving that. So we do have the cash. What we're going
to be doing is to continue drilling. We've got the one drill rig only currently. Second
one should be starting really in a matter of weeks, if not days. And so the news flow will come out quicker.
We have the potential of getting another company in as well.
So that's something that we'll be discussing internally over the next few weeks.
Again, to crank up the news flow, we have the potential of drilling both at Dunby,
We have the potential of drilling both at Dunby, deeper,
and areas that we believe are low-hanging fruit to drill into.
And the reason we're doing that is to push a 5 million ounce potential resource
at the end of the year, beginning of next year.
That's what we're going to do it for.
But beyond that, we have no shortage of other
targets to look at we just need to prioritize it and when we have the cash available to us
and because we still haven't closed the deal it should happen the next week when everything's
dotted and crossed then we will give more clarity on what we're going to be doing as far as numbers of drill sites and potential targets.
But reality is focusing on a dummy, looking at 5 million ounces, looking at getting other drill rigs, drilling there to speed up the news flow.
And when I see news flow, again, this is something that hasn't happened for many, many years.
that hasn't happened for many many years we've seen that we come out with a a wide drill the
result with high grade like say 10 11 12 meters at six seven grams a ton which are really excellent
drill results and we saw our show price move up on that so there'll be we believe the potential
of more news flow like that coming on a more consistent base using more drill
rings. That's what we're looking to do. Beautiful. Yeah, that sounds like a great way to go about
using the capital. Okay, I'll come over to others on here as well. Just seeing Emp or Jordan or
Ani, if any of the three of you, because I don't see a hand up,
but sometimes it doesn't show it to me.
If any of the three of you want to unmute,
pop in, go for it, EMP.
Yeah, we had a great conversation
earlier on Spaces Today
around just gold
and the anti-inflation trade.
So my question that,
I've heard a few different
speculative answers on this.
We'd just like to get the perspective
on investing in gold miners versus spot spot gold what are the thoughts around that
yeah look undoubtedly there's been a great appetite for uh for playing gold um it's a
simple play uh but now when you're seeing the gold miners coming out with results, with significant cash flow, and the multiples are looking attractive.
You're going to see more and more, I think, eyes moving into gold miners.
And then, as you see successes coming through, then you're going to see some more and more money trickling down into our space, too.
uh some more more money trickling down into our space too so um as we discussed earlier on i i
for me in the current situation that's where the leverage is i still believe that uh from what i'm
hearing and some of the results i see endeavor came through with was it over 400 million dollars
on a quarter of uh of cash coming through and these are figures and for gold miners and when you look at their market
caps it's it's suggesting that there's a they're still looking relatively cheap on a fundamental
basis again i was an analyst for a long time and had all these figures to my fingertips i don't
have it now so forgive me for that but i think you're going to see this trend of increasing
cash flows coming out for the from the top line and medium producers and you're going to see this trend of increasing cash flows coming out from the top line and medium producers.
You're going to see their share prices benefit, and then you're going to see more money coming down into the exploration sector.
That's the trend normally, and I don't see that trend changing now.
And we've seen gold price running.
I think it will continue to run, but I think the leverage is in the gold mining place hey
John if it's all right for me added a little context to that answer from my
end on the investor relations side one thing that's important to know a fact
that's important for everyone to know is gold companies like long core for for a
few years there went unappreciated and undernoticed because they were swamped
by crypto, Bitcoin, more recently artificial intelligence over the last couple of years.
So a lot of people, a lot of investors just didn't invest in the smaller companies.
didn't invest in the smaller companies.
But now a lot of people are starting to realize,
investors are starting to realize
that underinvestment is an opportunity.
And that's why I think there's also a lot of leverage.
It's not just directly tied to the price of gold,
which as John states is accurate.
We also have a situation
where the companies themselves are just ignored,
not because they had any fundamental fundamental issues or any problems they just weren't sexy they just weren't crypto they weren't nfts they weren't bitcoin uh they weren't artificial
intelligence and those as we all know they weren't tesla and a lot of those assets were moving at the
speed of light um so i think a lot of people are starting to realize, hold on here,
true, long core is never going to be NVIDIA,
but at the same time, you know, they were undervalued for just way too long.
And I think that's another strong argument for why the companies have far more leverage than the bullion itself.
Yeah, just carrying on from what you're saying there.
So I was in Stuttgart a week ago, Friday, Saturday,
and it was a retail conference, 15,000 people there,
and everyone was represented from Bitcoin
through to companies like ourselves.
So you had a whole range, a huge, huge conference.
And I'm there at my pedestal with long core there i've got a couple of other got some silver companies behind us
and uh a lady there was a lady came along i won't say her age but she's a retired lady
and uh she came along and i said look do you have an interesting gold she said
yeah um i own some barrack but i'm thinking maybe it's time that I should own some stocks like yours.
So I took her through the story.
She said, really interesting.
And what she did, I don't know.
But she said, thank you very much after listening for 15 minutes.
Another story was a guy came up to me and said, hey, I'm not the wealthiest guy in the world.
I can tell you now, but I've got a half a million dollars in six exploration stocks.
And I'm thinking I need to put your name in my basket of stocks.
You know, these are retail people in Germany.
These are not conversations we're having six months ago.
These are not conversations we're having, I guess, three months ago.
But it's a conversation.
I wouldn't have gone to the conference a year ago.
But these are conversations.
And for two days, solid, I spoke to similar people. I was in London on Monday, Tuesday. I had a young guy there. I guess he's in his early 20s. And a crypto guy, he said, I'm a crypto guy. And I do a lot of day trading. But I'm thinking maybe I need to get into some hard assets. And somebody said, I should look at your story. And then at the end of it, he said, I really like your story. I think I'm going to invest in it. Whether he did or he didn't,
I can't say. But these are conversations were not happening three, six months, definitely
not 12 months ago. So it's great for us to be able to get out there and feel appreciated.
I mean, it's always good to feel appreciated. It doesn't matter what you do in life. And
that we're feeling a lot more appreciated now than we did even a few months ago.
That's great.
Yeah.
I mean, listen, nothing like a chart ripping up 100% to feel appreciated.
Yeah.
True.
Yeah.
$50 million injection.
I would agree with that.
That'll definitely always help.
Okay, really, really good pieces. Let's talk through a little bit other pieces here. One thing which I always like to focus on for any publicly traded company is management. And I'd
like to hear from you why your management team is uniquely equipped for this moment in time with
gold and Trump and all of these other pieces of exploration. Why is this the right team?
Yeah, well, first of all, we've got a team that's operating in the country
for just under 30 years now and been through four presidents.
And they have, when I say a team, it's from the top down,
our chairman and major shareholder, he's operated in the in the drc for as i say just under 30 years
and then we have a team that he put together in those early days that we still have together
that they're operating in for example in kinshasa in the capital on the ground we've got geos that
have been with him for a long time so these people add significant value in the country and
So these are people that add significant value in the country.
And when it comes to getting licenses renewed, when it comes to having discussions with interested parties at different levels,
they know the players down there and, you know, they're the ones that really add the value on the ground.
We've got a geologist, our president, who has found over 30 million ounces in the type of
geology that we have both in neighboring countries and in our country,
and worked for multinational companies and has worked for smaller companies.
So again, can add real value. Somebody who knows geology, the terrain, and saw the
potential of this right at the beginning when this company was put together,
what about 14 years ago?
So the geology said, hey, it looks similar to what I was involved in just a few years back in Tanzania,
which is now a multimillion ounce deposit and producer. So we have that.
And then myself, you know, I was an analyst. I worked for Royal Bank of Canada for seven years, but I worked for almost 20 years as
an analyst. Know the funds, know retail. Obviously, market evolves over time, but you keep an eye on
that. And I'm out there now telling the story. And, you know, it's real interesting for me now
that we're getting retail, we're getting more funds, We're getting slowly but surely brokers and big banks getting involved.
And it's playing towards me now, the way the market is going.
So we have a very rounded group, both on the ground and in the geology.
And I think also from a market perspective to talk to the various players in a way that hopefully people understand.
So, yeah, that's the company.
For a small company, we've got, I believe, a good balance.
That's perfect.
George, let me throw it back to you for a second, see what was on your mind.
Was that for me, Gov, or someone named joel i couldn't tell sorry sorry george george
yes okay all right so i wasn't sure if you said joel uh by the way just uh i just to add on to
john's point there before i hop on to another question is in the junior space uh what john
just talked about is extremely extremely unique and very powerful. Obviously, a lot of the majors have great teams, but a lot of the juniors quite often have patchwork teams at best,
you know, but in Longcore's case, they've got 30-year experience in the DRC. That is what they
do. That's what they live and breathe. uh and that's very rare a lot of a
lot of people this call might not know that uh quite often you know george gov and john they
hop between projects and trying to find uh you know the treasure hunters right so they're trying
to find something and spin a story uh but they won't take a long time because they're trying to
strike gold pardon the pun but in this situation you know with john talking to you about
the team there who they have that's really where that's that's really rare in the junior mining
space uh so i just want to press upon that hey john question uh for you that i think everyone
might find interesting which is what's the plan you're in that you're you're in that real
advantageous position that uh you've just raised money and you're going to keep drilling because you know you guys got more gold there,
so you want to prove up a bigger resource.
But what's the plan for the team?
What have you guys talked about?
Does there come a moment where you draw a line in the sand and you say,
okay, we're going to sell to a bigger company like a Barrick, for example?
company to a bigger company like a barrack for example uh or you guys more interested in uh
making this a truly really long-term play by actually uh taking it to taking it to mining
yourselves look for me i think the number one way forward would be to get a partner comes in
and they uh take a stake and um we still the majority stake. They get a toehold,
they get a feel for the deposit, they get a feel for the country and maybe over time they build a
stake. A company that's already done this before, a company that is maybe a producer, a company
that's got other analysts covering them and they've got to plug our project into their
financial model and see what a huge difference it'll make when they do that. You mentioned
$2 billion valuation, current gold prices. That's the sort of quantum that we're looking at. We've
got 85% of a $2 billion project and our market cap reflects 5% of it. So these are all things.
We get a partner in there that's got analysts following them. They plug it in the model and say, wow, that's a big figure. That's making a huge difference to that company. So these are all things we we get a partner in there that's got analysts following them. They plug it in the model and say, wow, that's a big figure.
That's making a huge difference to that company.
So these are all things I think would be very positive.
It would, you know, maybe get somebody on the board as our board develops
and our risk profile would change.
Our visibility would change and we'd have somebody to work with
to take us through those steps of moving through feasibility and moving towards production.
That would be my number one.
If somebody wants to come along, be it a North American or from elsewhere in the world, there's a whole bunch of companies know exactly what we're up to.
Then, you know, they make an offer.
We show it to the board if appropriate and then shareholders decide.
That's not for me to make that decision.
That's a shareholders call.
But my number one would be to get a partner and move.
There's a curve that some people might have seen.
It's called the Lasson curve, which shows how as you develop, you go through development,
you find deposits, and then you start to take off your valuation relative to the market.
And we're still at the bottom of that curve, even though you see our share price looks
like it's taken off, we still look cheap.
I mean, there's some ridiculous way I mentioned there that our value is probably about 5% of
our current NPV value in our economic study that we did.
So that's telling you that we still look cheap. But I think that one of the most ridiculous ways
to show how cheap we are,
as I mentioned a company called Endeavor
that you have reported,
they're a big producer in West and East Africa
and we're in similar jurisdictions.
So, you know, you're looking at things like political risk.
We're in a similar jurisdiction.
They're a producer.
But one thing they say is that they go out there with
their geologists and they find ounces of gold for just below 25 bucks an ounce that's a finders
that's what they find it for it's not what it's valued in the market the valuation the markets
five six seven eight times that they find it physically go out but we're not even valued at
that we're not even valued at a finder's cost.
And yet this is record gold prices.
And even though we're trading where we are now, that share price,
we're probably trading at around, I haven't done the card,
but probably $20, $21 an ounce. So below what major companies or medium companies are finding gold in the ground for.
It's crazy.
So do we think that our share price is overrun not on that basis do we think it's overrun on fundamentals
not on the basis of uh the pa valuation and there are other metrics you can see in our which are
other metrics you can look at as well which do it but uh we still think that uh you know we are attractive
both to investors and to corporates i gotta tell you going back to what lady trader brought up
earlier uh i i almost think long core uh was a perfect candidate for tokenizing its gold and then
uh getting a global uh investor base uh lady trader i don't
know if you have any more as you've been listening if you've got any more thoughts on that but we're
leading the way with tokenization here in the small cap space i just think i just think uh the
the world of investors out there who would love to buy some tokens in long course project would,
I think would be a slam dunk and would,
and John would probably help you with your longer term vision because you have
the type of investors who would just love to stick around even longer to see
what you guys can do.
Lady Trader,
I don't know what you're thinking.
If you got any more thoughts on that or not.
if you got any more thoughts on that or not.
Lady Trader, just seeing if you got that one.
I see she's still muted.
Sorry, George, you might have stepped away for a sec.
Yeah, that's all right.
No worries.
Okay, hey, we got all about 12 minutes left.
Real quick, I just want to dive a little
bit deeper into financials. I find that that's a big thing. So right now, obviously, you know,
you're in the drilling stage. The company is drilling 12 months. It's not profitable yet,
is it, John? No, look, we're not going to be profitable for a while. It's the life of a
explorer. We're going to be drilling. And the stages is is we'll drill we'll look for the resources and
we can either then drill further and get more resources or we can drill more density get a
little more certainty and move towards a bankable feasibility study that's a decision for beginning
of next year what route we take but then you know you're still a few years two to three years away
from realistically getting your first production away.
OK, so talk to me for the audience.
You know, a lot of people ultimately think the goal with a lot of these companies is to go profitable.
But maybe the goal is different here. Is it ultimately an acquisition, sale, right?
Other pieces like what's the long term vision of why people should invest in the company?
Our long term vision is that this will get mined and will be a very profitable mine and either we will be involved in it in some ways if we have a partner with us or we'll get taken out by a company who wants access to one of the potential of, as I say, either going for the ride towards production with somebody else,
with a partner, or somebody taking us out.
That's the life of a junior explorer the majority of times.
Hey, John, I know you can't give specifics,
but I've been in this business long enough to make some assumptions.
So I'm just going to make assumptions.
I'm not speaking on behalf of the company, and I don't know how much you can talk about this.
But I've got to assume you've had some bigger companies at least give you a phone call to talk.
Would you be able to tell us without specifics if, in fact, you're getting some tire kicking some expressions of interest
uh from from the industry from from other bigger players we uh we announced publicly in a number of
press releases through the last 18 months that uh corporate discussions are going on and uh we've
had uh offers from companies but that was when we had no cash on our knees there were bottom
feeding it didn't even really some of them were yeah just not appropriate so we didn't show them
to the market and but all of those data and keep on top of it.
So, as you say, I can't specify names,
but we've said publicly corporate discussions have been ongoing for a while.
And, you know, those companies still around
and the gold price has not been going backwards,
been getting higher and we still look cheap.
So, yeah, that's about all i can say i think george yeah i know you can be more specific but i thought
it'd be good that would be some uh some good contact and one more question we've laid the
we've we've we've set the scene we've we've we've been out there we've had the discussions
not just with investors since october but prior to that with numerous corporates we have been out there. We've had the discussions, not just with investors since October, but prior to that, with numerous corporates.
We have been out there doing what we thought was the appropriate thing
and setting the scene.
So there's a whole bunch of people know exactly what we're about.
And one more follow-up question to that.
Unless, Gob, you got anybody's hand up,
I was going to ask one more follow-up to that.
Please, go for it. on the on the other side uh given the fact look at the end of the day your stock is your currency you have cash but your stock is your currency are you
guys giving any thought whatsoever to potentially going out uh and making acquisitions of your own
because there are smaller companies that are
significant or value they have great projects maybe give you some geographical diversification
like you know quebec or ontario or nevada or something like that any thoughts there whatsoever
or is this or strictly uh or strictly just uh actually the plan that you guys have got in place already?
Yeah, I mean, our share price is run, but our valuation is still way below even East and West African peer groups.
So from a value point of view, the value of your currency, we still think our currency is extremely lowly valued. So it's not a conversation that we can have these levels i don't think in
the future things might change but to be quite frank we've got 14 kilometers not just a dumbie
deposit we've got 14 kilometers we know this gold all along there we're either the belgians
historically mined it or we've had locals mining in some of the areas or we've done work ourselves
and again it's all on our website or on presentations.
We have some spectacular samples that have gone there.
We've just never had the balance sheet to do much about it.
So we have plenty of areas.
And again, go back to Kibali.
Five million ounces started out, and now it's mined 600,000,
700,000 ounces per annum for over a decade.
And now it's got 15 million ounces still of resources.
And that was through work around. And Barrick's the first one to say the best place to find a big deposit is near a big deposit
and we've done very little work to look around our deposit in the 14ks that we've got and so uh that
would be i think a major focus for us doing stuff like some things like aeromagnetics, which would help us highlight
areas of interest and create drilling targets that needs to be done and other things. So I think the
focus will be with our own backyard where we know how to operate. We know it's underexplored. And
given that Barrett comment, we hope we'd have another big deposit to come to fruition.
No guarantees, of course, but it's certainly worth having more of an investigation than we've done so far.
I'll finish off by saying I love the fact that Longcore is in position right now of strength where it is right now.
but it's open-ended and and this could turn out to be an incredibly long and
profitable success story for for investors today who might look back a
couple years now and say do you remember back then was pretty good 70 cents a
share I love the fact that you have that runway in front of you and you have that
optionality it's very rare it's very rare for a junior minor to have that
junior resource come to have that and and it's just great for a junior miner to have that junior resource company to have that.
And it's just great to see that you guys have it.
Yeah, I would commend you as well for the work that you put in here, John, and for what you've been able to make happen.
We are running into the latter portion of the space.
So just a quick recap for those that joined up late.
We've been chatting here with John Barker. He is the CEO at Longcore Gold. Trades under the ticker LONCF for our US
audience, LN for the Canadian audience. It is running. It is up almost 100% this year. It has
tripled since our last Twitter space that we did with them a little while back so just some things to be of note
outside of that little quick summary there's four million ounces gold in these deposits it's the
second largest deposit in the drc and let me see if there's anything else here that i specifically
wanted to touch on 220 kilometers from the barrack from africa's largest uh mine which is pretty cool and they uh raised another five
million uh canadian in fresh capital in may of 2025 this month so just some pretty cool stuff
to continue to look through as they keep going here they just completed their you know deepest
drill hole ever so they're continuing to set records for themselves uh just a lot of good
pieces across the board we touched on so many of these items, additional drilling, near-term catalysts, long-term vision. So John, I'll turn it over to
you for any other final comments. Anything else you want to make sure is on people's radars as
they start their due diligence into this company? No, look, we're just going to crank up the news
flow in a country that itself is cranking up the positive news flow with its association with
the US. And I just want to reiterate, when I say the association with the US, they're out there
calling the US for a minerals deal in the DRC. And this is a real minerals deal. This is a country
that has some of the largest deposits in the world. So when I mentioned Bill Gates and Jeff
Bezos, we think that's just the tip of the iceberg. As an example,
Stalin came in there almost immediately having five years of negotiations. Bang, Trump sent his
special envoy over, Stalin gets involved. We're going to see more and more stories coming out
with the DRC, which I think helps people's perception about a country such as the DRC.
So as I mentioned earlier on, it'sc so as i mentioned earlier on it's an
option on the drc it's an option on the gold price it's an option on the ongoing drilling success
and it's big high grade gold deposit just getting bigger and we still believe that it's uh
lagging uh all really the majority of our peer group so um we'll we'll keep doing what we're doing and we'll keep telling the story and
hopefully more and more believers get involved. So I look forward to getting hopefully some of you
on the share register. Beautiful. Topped it off nicely there, John. George, anything else that you'd like to share?
Nope. I think John said it perfectly there.
You guys have great questions, but I don't think there's more to say.
It speaks for itself.
Indeed it does. Thank you so much to everyone that tuned in. Thank you to Lady Trader and Ani, as well as Jordan and Emp for being part of this space.
Thank you to George for putting this on our radar and john for coming on and speaking that's going to
do it for this show this will turn into recording as soon as we finish up and close out i'll turn
it back over to empire to close us out appreciate that gab and yeah big thanks to george and john
for coming on today big shout out to lawn, definitely on my radar now, especially with how hot this gold theme is.
And a big shout out to the audience for tuning in today. Hope everyone had a great Monday.
We've had a long day of spaces, a good day in the market with the recovery.
And I'm excited to see what tomorrow brings. We will be live bright and early 8 a.m. Eastern over on the
Wolf Trading Account. Jordan's going to open that up for us. I'll be there as well. We're going to
talk futures for about an hour, hour and a half before the market opens and then jump straight
into that live trading with some great convos all throughout the day. The full schedule is pinned
on that Wolf Financial Account. If you jump to our profile there, you will see all the spaces we run
throughout the entire week. We've got a huge slate of them this week. And with that, I'm going to
sign off. As Gav said there, it will become a recording, so you can listen back to any of the
stock picks or this deep dive into Lawn Core here in the back half of this conversation.
And with that, I'm signing off. Hope everyone has a great rest of their night, evening, afternoon, wherever you are at listening to us. We appreciate you.
Take care. We will see you first thing in the morning. Thank you.
