Sam Broom is a geologically-trained investment executive with Sprott Global. In this interview, Sam provides commentary on the Australian mining sector. He offers his opinion on NOVAGOLD and the recent short report about the company. Sam discusses whether the uptick rule should be reinstated and whether junior miners should consider upgrading to the more respectable OTC exchanges if they aim to reach U.S. investors. He also shares feedback that he is receiving from his high-net worth clients which indicates current sentiment in the gold mining investment sector is “at a really nice juncture right now.”
0:00 Introduction
1:47 Australian mining sector commentary
4:59 Australian miners affected by Covid-19?
6:09 Australian gold miners vs. North American gold producers last 6 months
8:45 Recent short report on NOVAGOLD…accurate or hit piece?
11:34 Gold developer optional play vs. call options on GLD?
13:41 Trading around short report
15:25 Should uptick rule be reinstated?
17:26 OTC-pink vs. OTCQB or OTXQX
19:04 Feedback from Sam’s clients
20:36 Difficult to advise since mid-March?
24:03 Still bullish on base metals?
Sam’s email: SBroom@sprottglobal.com
Sam’s bio: https://www.sprottusa.com/our-firm/ou…
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