Brazilian Stocks Crash, Will Same Happen in US After Midterms? Huge News from QIMC and XGC
We regret not selling all of our EWZ during the recent short-term rally and using the money to either buy a many times larger position in Medicure (TSXV: MPH), which is about to rise from a US$30 million market cap up to a US$200 million market cap, or buying back a larger EWZ stake at these prices. We pay absolutely no attention to politics in Brazil and own EWZ because the companies it owns are the most undervalued. Many people will make the same mistake with VOO by not selling it prior to the midterms especially considering the companies it owns are the most overvalued.
QI Materials (CSE: QIMC) has just announced major new results from its Nova Scotia natural hydrogen, helium, and natural gas project, with 145 of 147 new soil-gas samples (99%) confirming thermogenic wet-gas signatures, compared to 86% in its previous sampling program. QIMC has identified a continuous 4-kilometre gas anomaly, additional helium anomalies, and a methane reading of 1,287 ppmv, among its highest recorded in Nova Scotia. This provides further evidence of a potentially district-scale multi-gas system, with all eight new sampling lines located within the footprint of QIMC's recently completed 63.7-kilometre seismic survey, which is now being processed to help identify subsurface structures and future drilling targets. Click here to read today's news!
Xali Gold (TSXV: XGC) has just announced two major milestones at its Pico Machay Gold Project in Peru, confirming that it has officially submitted its environmental permit application (FTA) to Peru's Ministry of Energy and Mines and signed a contract with drilling contractor GEMA to carry out its initial 3,000-metre diamond drilling program. The application follows the successful completion of the required public information workshop, with the company anticipating an approximately 10-day review and approval period based on guidance received. These developments bring XGC significantly closer to launching its drilling program at Pico Machay, with environmental approval representing the next major catalyst. Click here to read today's news!
Past performance is not indicative of future results. 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 owns a position in EWZ. NIA’s President has purchased 87,000 shares of MPH and intends to buy more shares. NIA has received compensation from QIMC of US$50,000 cash for a six-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. NIA is receiving compensation from XGC of US$75,000 cash for a six-month marketing contract. This communication is for informational and educational purposes only.