Business Brief

We are short the NASDAQ from 9863 (Covered at 9500; Reestablished at 9900).

We took profits in Guyana Goldfields on June 8, 2020. Our return was 120%.

We initiated a stake in Ivanhoe Mines at an average price of US $2.04. The stake represents 3.18% of the NuChemICF. There is a high probability that our stake in Ivanhoe Mines will grow substantially.

We initiated a stake in Galiano Gold at an average price of US $1.15. The stake represents 3.62% of the NuChemICF.

We raised our stake in NexGen Energy to 12.340% of the NuChemICF.

We exited Soperior Fertilizer with a loss of 60% on our stake. The situation at the company has gone from bad to grave and while our confidence in the Co. was formerly low, it is now Nil.

Our increased confidence in Deep Yellow’s prospects has compelled us to quadruple our stake. Deep Yellow now represents 9.06% of the NuChemICF.

The NuChem International Catalyst Fund is up 64% in Absolute Terms.

The Grasberg-Saville Gold Rating has hit 27 — an EXTREME LOW.

Cash reserves, which stand at 17%, remain higher than normal for FCM.

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