A Massive Silver Discovery and Five Must Own Stocks Heading Into This Week

The war in Iran has continued to create market volatility and spiking oil prices. While war is always a tragedy, there is nothing much we can do as individual investors except to accept reality and invest based on the cards we are dealt. While the focus has been on oil lately, we think that gold and silver still make excellent hedges in this environment, particularly after their pullback. One company had a massive silver discovery that was overlooked this week. This gives investors an opportunity to buy in before it breaks through new 52-week highs. Our last blog featured oil and hydrogen stocks, with our top hydrogen pick being Charbone Hydrogen Corporation (CH.V)(CHHYF). Despite the hydrogen sector imploding since then, with Quebec Innovative Materials Corp. (QIMC.CN) (QIMCF) dropping by nearly half, CH has increased in price as it advances as a commercial producer. That goes to show that when you chase value instead of hype, you can protect your portfolio from major losses. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 129 followers so far on here as well as 1,039 followers on our ValueTrades blog. You can also follow us on X @StockTradePicks which has over 5,000 followers.

Brixton Metals Corporation (BBB.V) (BBBXF) announced drill results on March 25th, highlighted by an incredible find of over 82,000 g/t silver (8.23%) over half a meter. This was one of the largest finds of silver ever and shows that its Langis property still has untapped economic potential despite being a historically drilled mine. The stock has been on a steady move up since the announcement, increasing from $1.00 to $1.26 in the three days since the announcement. While this is impressive given the overall market sentiment, we think the downturn muted some of BBB's breakout potential. It traded as high as $1.39 Friday morning and looked ready to break out to a new 52-week high. However, the accelerated market crash in the afternoon took most of those gains and the stock closed at $1.26. We think this represents a buying opportunity on the stock as these incredible results won't be overlooked for too much longer. We think a fair price is $2.00 or about $140 million market cap. This is based on the massive discovery, other strong results and the potential for more discoveries of this ilk upon further drilling. 

In addition to BBB, there are five other must-own stocks heading into this week.

Stock #1: Black Gold Exploration Corp. (BGX.CN): We gave this stock #1 standing in our last blog two weeks ago and the fundamentals have only gotten better. It has whipped around between $0.09 and $0.17 on low volume during that time, but overall has dropped two cents from $0.12 to $0.10. We think this is shocking given the new reality for oil and the positive updates from the company. Warrant exercises may be creating some overhang, but even if every single warrant is exercised, the float would be only 26 million. It's 17 million right now. The stock is trading at a $2 million market cap, essentially shell status for a producing oil company in the United States. 

Last June the company became a producer with the Fritz 2-30 Well coming online. It has a 10% interest in this well and it is located in the Illinois basin, ideally positioned to take advantage of the desire of the United States to boost domestic energy production. Looking at a chart where the 52-week high is $2.80, one can clearly see the upside potential here with a prolonged spike in oil prices. 

The company issued an operational update several days ago, detailing progress made at Fritz 2-30 as well as its El Carmen project in Argentina. The stock immediately launched over 50% once it started trading again, but since got pounded down on light volume. In this environment for oil, these depressed valuations will not last. Given the low valuation, small float and thin trading, any level of sustained buying will blow this stock up. Warrants getting exercised will bring some needed cash into the company. This remains one of the top plays on the CSE right now and we think those who ignore it will regret doing so. We think a fair price is $1.00, or about a $25 million market cap assuming all warrants get exercised. 

Stock #2: New Zealand Energy Corp. (NZ.V) (NZERF): We initially recommended NZ's partner Monumental Energy Corp. (MNRG.V) (MNMRF). That pick has been a success, moving from $0.08 to as high as $0.16 and settling in at $0.13 on Friday. We think NZ holds more value at these relative prices because it retains 75% of the revenue compared to MNRG which holds a 25% royalty in exchange for funding NZ's obligations for various wells in the Taranaki Basin. Substantial progress has been made, with the Ngaere-1 well stabilizing at 120 barrels of oil per day and with successful initial production at the Waihapa H1 well. Waihapa H1 is particularly compelling because the flow rate continues to rise. For instance, the NZ press release stated that production was 553 barrels per day but the MNRG press release stated 568 barrels per day, showing that these rates are increasing in real time. 

Considering the active drilling and production at multiple wells, we expect that both NZ and MNRG will continue to be in the news with positive updates at the perfect time to be releasing news about new global sources of easily accessible oil far away from the Middle East. We think a fair price on NZ is $1.00, or about a $55 million market cap. 

Stock #3: AleAnna, Inc. (ANNA): ANNA is a U.S. listing that Canadians need to get their hands on. Unlike BGX or NZ, this stock is not flying under-the-radar whatsoever, and therefore isn't as much of a discounted oil and gas play as those other two. The stock ripped 20% to close at $8.51 on Friday, building on several consecutive days of strong trading since the $3's. What makes ANNA special is that it is a producer of natural gas and RNG in Italy that is profitable and has seen incredible revenue growth since ramping up production. It achieved $11.2 million in revenue in Q3 2025 compared to $648,000 in revenue for Q3 2024 and $4 million in revenue for Q2 2025. That $11.2 million in revenue generated $5.3 million in net income. So the company was already substantially profitable while prices were low for natural gas in Europe. Those prices have nearly doubled since. QatarEnergy declared force majeure on some of its LNG contracts due to the war, including those to Italy. That has left the country scrambling to try to secure more supply from Algeria. An increase in domestic supply is one lever the country can pull without being at the mercy of natural gas exporters. This bodes very well for ANNA as the company should be expected to achieve substantial revenue growth both from increased prices and higher production. We think a fair price on ANNA is $20.00, or about a $1.3 billion market cap. 

Stock #4: Perimeter Medical Imaging AI, Inc. (PINK.V) (PYNKF): PINK was the other stock mentioned in our blog with MNRG. Unlike MNRG, it hasn't been successful so far, with the stock price having dropped to the mid-$0.40s from the mid-$0.50s. This is understandable given the current market dynamics. We view this as a buying opportunity. PINK's FDA approval is a game changer. Claire is the first AI-enabled imaging device approved in the United States for intraoperative breast cancer margin assessment. The technology received Breakthrough Device designation from the FDA and is designed to enhance surgeons' ability to detect difficult-to-see cancer during breast-conserving surgery and potentially reduce the need for re-operations. 

About 20% of all breast cancer surgeries need a repeat operation. That's because surgeons use a combination of physical examination, and in limited cases intraoperative pathology to assess margins before sending specimens to pathology for final evaluation. As a result, patients may wait up to a week or more to learn whether margins are clear or additional surgery is required. Claire is designed to identify areas of concern during surgery, helping surgeons determine whether to remove more tissue before completing the procedure.

This AI device is going to save hospitals and insurers money and give patients better piece of mind that their surgery went right the first time. This FDA approval positions the company at the forefront of AI-enabled intraoperative imaging and marks the first commercialization of its proprietary OCT-AI platform. The Company's patented wide-field OCT technology, proprietary dataset, and integrated AI capabilities target an estimated 300,000 annual U.S. breast cancer surgeries, while providing a scalable foundation for expansion into additional cancer indications over time. This is the first step toward addressing a significantly larger global opportunity across additional cancer surgeries, biopsy procedures, and pathology applications. 

We think a fair price on PINK is $2.50, or about a $330 million market cap. PINK is more speculative than the above stocks that's why it is ranked lower despite a higher upside target. Earnings are due out on March 31st, where we expect important business updates. We think it is wise to be positioned by then. 

Stock #5: Sparc Al Inc. (SPAI.CN) (SPAIF): SPAI has already had a strong run from $0.20. But one can't just look at stock price, they need to look at market cap. With 25 million shares outstanding, SPAI has a $60 million market cap. This is peanuts for a company with a recently commercialized drone technology platform that doesn't rely on GPS. On March 19th, SPAI announced an order for the company's GPS-denied navigation solution from a UAE group supporting defense operations. For comparison, Swarmer, Inc (SWMR), a creator of a software stack that enables an operator to operate hundreds of drones in a swarm at once, has a $430 million market cap despite only having a little over $300,000 in revenue for each of 2024 and 2025. Drone software companies are valued very aggressively right now and SWMR's move since its IPO has been from the situation in Iran. Despite the fact that SWMR's area of focus is actually in Ukraine. SPAI is actually the company that has signed a war-related security contract in the Middle East. We think a fair price on SPAI is $10.00, or about a $250 million market cap. This still puts it below the valuation of SWMR.

Disclosure: We are long BBB.V, PINK.V, BGX.CN, NZ.V, ANNA, SPAI.CN

Five Must Own Stocks While Oil and Hydrogen are Hot

The war in Iran has created market volatility and spiking oil prices. While war is always a tragedy, there is nothing much we can do as individual investors except to accept reality and invest based on the cards we are dealt. Last week we were bullish on Monumental Energy Corp. (MNRG.V) (MNMRF) and Perimeter Medical Imaging AI, Inc. (PINK.V) (PYNKF). MNRG hit our $0.15 target but PINK has stayed about flat in the low $0.50's as the market is overlooking biotech stories. Both remain compelling investments but today we are going to focus on five must-own stocks as oil continues to skyrocket on Wednesday evening headed into Thursday morning. Along with oil, hydrogen plays have been hot as spiking oil prices have made renewables and clean energy alternatives relatively more attractive. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 127 followers so far on here as well as 1,039 followers on our ValueTrades blog. You can also follow us on X @StockTradePicks which has over 5,000 followers.

Stock #1: Black Gold Exploration Corp. (BGX.CN): BGX tops our list because it makes no sense for it to be this cheap given spiking oil prices and that it is a minority holder in a recently producing well. At $0.12, it has just over a $2 million market cap with 17 million shares outstanding. It has a valuation similar to a shell. That would have made sense a few weeks ago when WTI Crude was in the $60's, but not when it is flirting with $100. Last June the company became a producer with the Fritz 2-30 Well coming online. It has a 10% interest in this well and it is located in the Illinois basin, ideally positioned to take advantage of the desire of the United States to boost domestic energy production. Looking at a chart where the 52-week high is $2.80, one can clearly see the upside potential here with a prolonged spike in oil prices. We think a reasonable near term expectation on this stock is $0.25 to $0.50, which would value the company at merely $4 million to $9 million. Easy to see why this one is our #1 choice.

Stock #2: New Zealand Energy Corp. (NZ.V) (NZERF): MNRG rose from $0.04 to as high as $0.16 after successful initial production from an oil well in New Zealand. NZ is a 50% owner of that well, and has gone under-the-radar, even after announcing the discovery itself on Monday. The well has stabilized at 120 barrels per day. Work has already begun at the next well, so shareholders can expect more news from NZ and MNRG. We think the combination of good initial production results and a rising oil price will result in NZ achieving new 52-week highs shortly, with a stock price above $0.50. The stock is seldom traded so just a little bit of buying can really make it run. 

Stock #3: Charbone Hydrogen Corporation (CH.V)(CHHYF): Macro events impacting the hydrogen space plus the performance of Quebec Innovative Materials Corp. (QIMC.CN) has really caused junior hydrogen plays to take off. One that is relatively overlooked and still cheap is CH. The stock rose a respectable 21% on Wednesday, but at $0.15 it still sits well below its 52-week high of over $0.40. The stock rocketed from $0.16 to $0.43 in a few days in early December, buoyed by hype around its first commercial production of clean Ultra High Purity hydrogen. The company has since announced sales of its UHP hydrogen in Ontario. Given how QIMC has broken towards new highs and is nearing a $300 million market cap, CH - a commercial producer - at $33 million market cap is a complete steal. This one should easily be able to re-challenge those previously made highs as long as the hydrogen market stays hot. EDIT: On Thursday morning the company announced the development of a supply hub in the Maritimes.  

Stock #4: First Atlas Resources Corp. (HHE.CN)(BTKRF): HHE is another QIMC sympathy play that broke out to new highs on Wednesday, up 37% to $0.24. It has a $28 million market cap, about 1/10th of QIMC. It has land surrounding QIMC's acreage so further discoveries - especially those close to HHE borders - will continue to lift this stock. 

Stock #5: Indonesia Energy Corporation Limited (INDO): This is a U.S. listing that is well known to move wildly with spikes in oil prices. It is a sympathy play and laggard to Battalion Oil Corporation (BATL), which has spiked to over $20 in overnight trading. A month ago these two stocks were trading at similar market caps. Now BATL is up to $320 million while INDO is stuck at around $70 million. We think that it's only a matter of time before INDO gets hot and closes that gap in valuation. 

Disclosure: We are long PINK.V, BGX.CN, NZ.V, CH.V, HHE.CN, INDO

A Major Oil Discovery at the Perfect Time and a First Ever FDA Approval

The markets have been very volatile over the last few days thanks to the war in the Middle East and rising oil prices. Two stocks listed in Canada have bucked the downward trend, both rising significantly price on major news. Even with these sharp increases in price, we think they have fallen under the radar and justify much higher valuations based on the news that was announced. First, Monumental Energy Corp. (MNRG.V) (MNMRF) rose 129% on Thursday to close at $0.08 after successful initial production from an oil well in New Zealand. This news could not possibly be better timed given market dynamics. Second, Perimeter Medical Imaging AI, Inc. (PINK.V) (PYNKF) announced that its Claire AI became the first ever AI-enabled imaging device for breast cancer surgery to be approved by the FDA. The stock nearly doubled on Wednesday but pulled back to $0.53, making this an ideal entry point. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 125 followers so far on here as well as 1,039 followers on our ValueTrades blog. You can also follow us on X @StockTradePicks which has over 5,000 followers.

According to MNRG's news release, the well immediately flowed oil and gas, producing 580 barrels of crude oil within the first six hours of operation. It was temporarily shut in to bring additional tanker capacity to the site. Since production restarted, the Ngaere-1 workover well has produced approximately 3,000 barrels of crude oil to date, currently stabilizing at approximately 120 barrels of oil per day, without the benefit of additional stimulation and optimization activities. 

MNRG has 79 million shares outstanding. At $0.08, that's still only a $6.3 million market cap. So this stock still has a lot of upside potential. One insider of the company agrees, as Maximilian Sali purchased additional shares on the open market immediately after the news was announced at $0.065:

Considering that he already owned over 4 million shares and still felt compelled to buy even more should be seen as a good sign. 

PINK's FDA approval is a game changer. Claire is the first AI-enabled imaging device approved in the United States for intraoperative breast cancer margin assessment. The technology received Breakthrough Device designation from the FDA and is designed to enhance surgeons' ability to detect difficult-to-see cancer during breast-conserving surgery and potentially reduce the need for re-operations. 

About 20% of all breast cancer surgeries need a repeat operation. That's because surgeons use a combination of physical examination, and in limited cases intraoperative pathology to assess margins before sending specimens to pathology for final evaluation. As a result, patients may wait up to a week or more to learn whether margins are clear or additional surgery is required. Claire is designed to identify areas of concern during surgery, helping surgeons determine whether to remove more tissue before completing the procedure.

This AI device is going to save hospitals and insurers money and give patients better piece of mind that their surgery went right the first time. This FDA approval positions the company at the forefront of AI-enabled intraoperative imaging and marks the first commercialization of its proprietary OCT-AI platform. The Company's patented wide-field OCT technology, proprietary dataset, and integrated AI capabilities target an estimated 300,000 annual U.S. breast cancer surgeries, while providing a scalable foundation for expansion into additional cancer indications over time. This is the first step toward addressing a significantly larger global opportunity across additional cancer surgeries, biopsy procedures, and pathology applications.

With 131 million shares outstanding, PINK's market cap is $70 million at $0.53. This is an absolute steal for a company like this. A nationwide U.S. launch is expected in the coming weeks while the company is already promoting Claire on its website. 

We expect both of these stocks to continue to run with MNRG to at least $0.15 and PINK to at least $1.00 being reasonable near-term expectations.  

Disclosure: We are long MNRG.V and PINK.V

The Uranium Play with the Best Leveraged Upside

Due to recent political events, uranium has been hot. One play that we think has the best leveraged upside is Anfield Energy Inc. (AEC.V). It rose 10% on Monday to close at $0.115, the highest it has been in 2025. The stock has had a methodical and consistent move up, nearly doubling since the start of May. While we like the stock, the real opportunity here is with the warrants (AEC.WT.V). They offer cheap leveraged upside on this hot Uranium play. We are up to 1,038 followers on our ValueTrades blog despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 124 followers so far on here. You can also follow us on X @StockTradePicks which has over 5,000 followers.

AEC has been up on news of its Velvet-Wood uranium project in Utah getting accelerated approval from the Department of the Interior. It becomes the first uranium project to be approved by the U.S. government under President Trump’s emergency declaration to restore American energy independence. The project has an NPV $238 million U.S. and is just one of several uranium projects that AEC owns in the United States. Given that the U.S. consumes 50 million pounds of uranium annual but produces just 1% of it, AEC is in prime position to get accelerated approval on multiple projects. Follow up news from yesterday shows that the company is moving forward on its portfolio of projects that include the Shootaring Canyon Mill, one of the three uranium mills in the United States, the Slick Rock Project, the West Slope Project and four other minor projects along with Velvet-Wood. We expect that financing for capex needs to get the projects up and running will be no issue given this environment. The company is also pursuing a NASDAQ listing, which is smart given its position in the United States.

Given this unique and bullish situation, we expect the company's valuation to land somewhere between $250 million to $500 million CAD in the near-term, or $0.22 to $0.44 per share. This is where things get interesting. We like the stock, but the real opportunity is with the warrants, which have a strike price of $0.18 and expire in May 2027. They currently trade at $0.02. Canadianwarrants.com has AEC.WT.V listed as a bargain with a fair value of $0.03. This chart was created back when the stock was trading at $0.075. So the fair value of the warrants is likely $0.04 to $0.05 now.

The leveraged upside from buying cheap warrants at $0.02 should be apparent. If AEC triples to $0.33, the warrants are intrinsically worth $0.15, plus whatever time value they might have. This is a minimum 7.5x gainer compared to 3x for the stock. Investors should consider the $0.02 price on the warrants as a gift of cheap leverage on a stock that is going to continue to head up on favorable government policy. 

Disclosure: We are long AEC.WT.V

Warrants Offer Leveraged Upside on a Cheap Uranium Play

Anfield Energy Inc. (AEC.V) rose 10% on Wednesday to close at $0.115, the highest it has been in 2025. The stock has had a methodical and consistent move up, nearly doubling in the month of May. While we like the stock, the real opportunity here is with the warrants (AEC.WT.V). They offer cheap leveraged upside on this hot Uranium play. We are up to 1,038 followers on our ValueTrades blog despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 124 followers so far on here. You can also follow us on X @StockTradePicks which has over 5,000 followers.

AEC has been up on news of its Velvet-Wood uranium project in Utah getting accelerated approval from the Department of the Interior. It becomes the first uranium project to be approved by the U.S. government under President Trump’s emergency declaration to restore American energy independence. The project has an NPV $238 million U.S. and is just one of several uranium projects that AEC owns in the United States. Given that the U.S. consumes 50 million pounds of uranium annual but produces just 1% of it, AEC is in prime position to get accelerated approval on multiple projects. We also expect that financing for capex needs to get the projects up and running will be no issue given this environment. The company is also pursuing a NASDAQ listing, which is smart given its position in the United States.

Given this unique and bullish situation, we expect the company's valuation to land somewhere between $250 million to $500 million CAD in the near-term, or $0.22 to $0.44 per share. This is where things get interesting. We like the stock, but the real opportunity is with the warrants, which have a strike price of $0.18 and expiry in May 2027. They currently trade at $0.02. Canadianwarrants.com has AEC.WT.V listed as a bargain with a fair value of $0.03. This chart was created back when the stock was trading at $0.075. So the fair value of the warrants is likely $0.04 to $0.05 now.

The leveraged upside from buying cheap warrants at $0.02 should be apparent. If AEC triples to $0.33, the warrants are intrinsically worth $0.15, plus whatever time value they might have. This is a minimum 7.5x gainer compared to 3x for the stock. Investors should consider the $0.02 price on the warrants as a gift of cheap leverage on a stock that is going to continue to head up on favorable government policy. 

Disclosure: We are long AEC.WT

Banxa: Another Buyout Offer

Banxa Holdings Inc. (BNXA.V) (BNXAF) increased 47% to be one of the few winners today on yet another buyout offer on the company. Despite the increase, the stock pulled back from its highs over $0.80 as the market turned deep red. This represents a great entry point as we think it's only a matter of time before the stock trades well over $1.00 as rumors heat up of a bidding war. We are up to 1,036 followers on our ValueTrades blog despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 124 followers so far on here. You can also follow us on X @StockTradePicks which has over 5,000 followers.

From the news released today:

"Toronto, Ontario--(Newsfile Corp. - April 8, 2025) - Banxa Holdings Inc. (TSXV: BNXA) (OTC Pink: BNXAF) (FSE: AC00) ("Banxa" or the "Company"), the leading infrastructure provider for enabling embedded crypto within payment platforms, today acknowledged receipt by its board of directors (the "Board") of a non-binding, unsolicited acquisition proposal (the "Proposal") from an arm's length investor group led by Mr. Khurram Shroff (the "Potential Bidder") to acquire 100% of the issued and outstanding shares of the Company at a purchase price in the range of between C$1.00 to C$2.00 per share.

Consistent with its fiduciary duties, the Board is carefully reviewing the Proposal in consultation with its legal and financial advisors to determine the course of action that it believes to be in the best interests of the Company and its shareholders. There can be no assurances that a definitive agreement, or any agreement at all, in respect of the Proposal will be entered into and no representation is made to that effect.

The Board continues to evaluate a range of strategic and financial options to enhance shareholder value.

The Company understands that the Potential Bidder has made certain details of the Proposal public. The Company does not intend to comment further on the Proposal, unless it is required to do so in accordance with applicable law."

BNXA already had a buyout offer on the table at $1.69 from Exodus Movement, Inc. (EXOD) before letting it expire as well as a take private offer that was since terminated. We view both of these transactions as opportunistic as the take private offer was at a low price and the Exodus buyout offer had a short deadline to acceptance. This one looks to be more serious and well thought out and should be a winner for investors getting in at these prices. 

The press release from the bidder:

"The company backed by renowned crypto and blockchain investor, Khurram Shroff, announced today that it has submitted a letter to the board of directors of BANXA Holdings Inc. (TSXV: BANXA.V). It expressed intentions to acquire 100% of the issued and outstanding shares of the company. The company proposed a purchase price in the range of $1.00 to $2.00 per share.

This offer represented a 100% to nearly 400% premium over BANXA’s closing share price of CAD 0.51 as of last week.

Acquisition to Benefit Shareholders

The letter signals a serious and friendly offer with the goal of engaging in meaningful discussions with the board and management team of BANXA Holdings. The Khurram Shroff-backed entity believes that the proposed acquisition would unlock significant value for shareholders. It could enhance long-term strategic growth and leverage synergies between its digital asset ecosystem and BANXA’s on-ramp infrastructure.

The investor group, headlined by Khurram Shroff, consists of strategic financial investors based primarily in the Middle East. They are highly reputable investors with a proven track record of successful transactions and value creation in the crypto sector. 

Shroff is a serial entrepreneur and the Advisor to 3iQ, the first Bitcoin ETF in the world. He comes with over a decade of experience in the blockchain industry and always promotes innovative projects.

The group possesses substantial financial resources, strategic insight, and operational expertise. Their collective experience and strong financial backing underscore their ability to execute this transaction efficiently. It can certainly enhance the long-term value of Banxa.

Acquisition to Benefit BANXA?

BANXA Holdings (TSXV: BANXA.V) is a publicly traded company. It provides a leading global payment infrastructure for the crypto economy. The acquisition would position the company within a larger, forward-thinking digital finance ecosystem. It will strengthen BANXA’s long-term outlook through added investment and strategic alignment.

“BANXA has demonstrated strong potential in the digital payments and Web3 infrastructure space. We believe our offer is both generous and in the best interest of BANXA shareholders, and we are eager to enter into constructive discussions with the Board,” said a spokesperson for the acquiring company.

The company currently operates in Australia, Europe, and North America. It is helping crypto enthusiasts buy cryptos and NFTs swiftly. Banxa users can buy cryptos and NFTs directly with fiat currency. The process is straightforward, and therefore, Banxa has drawn admiration from many users and experts. 

The proposed transaction is expected to be financed through a combination of cash and equity. It is not subject to a financing condition.

About Khurram Shroff

Khurram Shroff is one of the earliest and most influential crypto investors in the Middle East, Asia, and Africa. Referred to as the “Arab Whale,” Khurram has been recognized globally for his visionary investments in blockchain, AI, and fintech. 

The UK Parliamentary Review Power100 featured him as one of the most influential Muslims in the world. He is an active supporter of initiatives advancing Web3, decentralized finance, and AI for good."

The bid came with a very wide range between $1.00 to $2.00. It was likely offered with that range to get the conversation started before a more definitive offer is made. This approach makes more sense than the coercive or lowball tactics of the previous bids. Shroff mentioned that this offer is serious and friendly, so we expect the stock price to move up as the market digests it and talks advance. As this is the third offer on the company in a few months, we think it's only a matter of time before there is a bidding war. $2.00 might be the start, not the ending price here. Given how shaky the markets are, putting investment dollars into an entity trading well below a proposed takeover offer seems like a good use of funds. 

Disclosure: We are long BNXA.V

San Lorenzo Gold: CEO Interview Foretells a Sustained Rise in Stock Price

Over the last couple of weeks we have been very bullish on San Lorenzo Gold Corp. (SLG.V), with our first blog post released when the stock price was $0.18. The stock hit $0.40 this past week before a pullback to $0.34 on Friday. We think latecomers to the story still have an opportunity to profit big, but need to act soon. An interview held by SLG's CEO Al Kroontje and released on Friday foretells a sustained increase in the stock price to come:

 

The key points that we would like to highlight from this interview are:

• Warrants have been exercised, raising $1.5 million. 
• In the past, the company raised money through issuance of debt that was convertible at $0.20, when the stock price was 6-7 cents.
• No need for financing at this time.
• $1 million budget for the next phase of drilling.
• Drilling will start in three months.
• There will be 9 drill holes, three each on three targets - Cerro Blanco, Arco de Oro and Tres Amigos.
• Drilling will occur east of the third hole on Cerro Blanco where the most significant IP anomaly exists.
• Last program the company had issues with surface access, but now it won't be an issue.
• The elevation, geography and topography allows for relatively easy year-round access.
• There is ample infrastructure (power, roads) and permitting is timely

The company has also released an updated corporate presentation. 

What does all this mean? There are multiple positive catalysts with no negative catalysts (the threat of dilution) and risks are relatively low compared to the typical exploration play. Management has no intent to dilute at this time, at least until after the next drill campaign is complete. Talk is cheap and anyone can say that, however, SLG already has a demonstrated history of treating shareholders well. The CEO participated in debt financing that was convertible at $0.20, well above the stock price at the time. Now that he has debt that is convertible at prices well below market price (along with 12 million shares and 4 million options), he has even more incentive to ensure the stock price is as high as possible before undertaking a financing. 

The company will be targeting east of the third drill hole on Cerro Blanco, where the most significant IP anomaly exists. The reason it didn't target there before was due to lack of surface access, which is no longer an issue. This is an important point because assuming that this anomaly increases eastward linearly, this implies that the third hole will have superior results to the first hole already released. 

Drill results can be a "sell on news" event. Why? Because a company is out of cash and must raise funds to continue with the next drill program. There is a negative catalyst before more positive catalysts can occur. The market knows this and a selloff occurs, even if there is pretty good results. This will not be the case with SLG. Not only is it not financing, but more drilling is occurring in another three months. This means more results could be out during the summer. If the third drill hole shows superior drill results to the first one, that will be confirmation to the theory that the discovery improves the further east it goes. That will increase speculation and excitement and lead to a sustained run in the stock price over several months in our opinion, until the next batch of results are due.

Investors, traders and speculators who are not yet in should consider throwing down a bet on SLG soon. The remaining drill results for this round should be released any day now and we think the odds are strongly in favor of the gambler instead of the house on this one. With 80 million shares outstanding inclusive of the warrants, announcement of results that are similar to or superior than the ones already released should justify a market cap over $100 million. This would lead to a stock price in the $1.25 range, with the possibility of a sustained run well beyond that depending on the hype around the next round of drilling. We are up to 1,033 followers on our ValueTrades blog despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 122 followers so far on here. You can also follow us on X @StockTradePicks which has over 5,000 followers.

Disclosure: We are long SLG.V