It's sad to say but the Chinese are much smarter than Americans.
While the average American has been brainwashed by Michael Saylor and parked their entire 401k and IRA into MicroStrategy (MSTR) even as he dumps shares every single day before the halving and laughs at how stupid people are for believing his BS...
Chinese investors have been loading up on their largest mining company Zijin Mining sending its shares to new all-time highs at a time when the rest of the Shanghai Composite isn't doing so great.
Recently, Zijin made a huge investment into the Augusta Group's copper company Solaris Resources (TSX: SLS). What will happen to Augusta Gold (TSX: G) if/when Zijin finishes acquiring all of SLS?
It is obvious to us that G will catch up to the market cap of SLS very soon.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.