A Special Alert Musing – September 24, 2019
I was admittedly shocked, as no doubt many shareholders were, by the resignation of fellow geologist, longtime friend, and Founder/CEO/Director Rick Van Nieuwenhuyse from Trilogy Metals Inc (TMQ.AM; TMQ.TSX) on the morning of September 5.
To management’s credit, I received a phone call later in the day explaining that Rick’s resignation had nothing to do with any material development at the company and was solely for personal reasons. I have known Rick for some 35 years; he has always been driven to succeed and known to burn the candle at both ends. So I asked and was assuaged that the resignation was not because of his health or that of the significant people in his life.
With these assurances, I met with Trilogy’s Vice-President of Corporate Communications and Development Pat Donnelly at the Precious Metals Summit in Beaver Creek, Colorado about 10 days ago. We reviewed the company’s progress since late July and its plans thru early next year.
Pat stated that the Trilogy team has complete and full confidence in interim CEO Jim Gowans to carry the company forward. Jim is well-qualified as a mining engineer and is the former CEO of Arizona Mining, which was sold to South32 Limited last year for $1.3 billion cash. He has extensive experience in northwest Alaska where he oversaw the feasibility study and design and construction of the Red Dog mine. Jim then operated the mine for three years after its commissioning.
About a week ago, Rick and I took time for a phone call. Here’s what I can relate from our chat:
Note that other insiders have recently added to their positions with Directors and the CFO exercising expiring options. CFO Elaine Sanders’ position is now over one million shares.
Newsworthy events that are in the works for Trilogy Metals Inc in Q4 2019 include:
I trust that this note will help convince my loyal subscribers, as indeed I have been convinced, that Trilogy Metals Inc has not skipped a beat despite the recent change in top management. In my opinion, the company will continue to successfully execute its exploration and development plans for 2019.
Meanwhile, we eagerly await the joint venture decision of South32 Limited on January 31, 2020.
Ciao for now,
Mickey Fulp
Mercenary Geologist
The Mercenary Geologist Michael S. “Mickey” Fulp is a Certified Professional Geologist with a B.Sc. in Earth Sciences with honor from the University of Tulsa, and M.Sc. in Geology from the University of New Mexico. Mickey has 40 years of experience as an exploration geologist and analyst searching for economic deposits of base and precious metals, industrial minerals, uranium, coal, oil and gas, and water in North and South America, Europe, and Asia.
Mickey worked for junior explorers, major mining companies, private companies, and investors as a consulting economic geologist for over 20 years, specializing in geological mapping, property evaluation, and business development. In addition to Mickey’s professional credentials and experience, he is high-altitude proficient, and is bilingual in English and Spanish. From 2003 to 2006, he made four outcrop ore discoveries in Peru, Nevada, Chile, and British Columbia.
Mickey is well-known and highly respected throughout the mining and exploration community due to his ongoing work as an analyst, writer, and speaker.
Contact: Contact@MercenaryGeologist.com
Disclaimer and Notice: I am a shareholder of Trilogy Metals Inc and it pays a fee of $4000 per month as a sponsor of this website. I am not a certified financial analyst, broker, or professional qualified to offer investment advice. Nothing in any report, commentary, this website, interview, and other content constitutes or can be construed as investment advice or an offer or solicitation or advice to buy or sell stock or any asset or investment. All of my presentations should be considered an opinion and my opinions may be based upon information obtained from research of public documents and content available on the company’s website, regulatory filings, various stock exchange websites, and stock information services, through discussions with company representatives, agents, other professionals and investors, and field visits. My opinions are based upon information believed to be accurate and reliable, but my opinions are not guaranteed or implied to be so. The opinions presented may not be complete or correct; all information is provided without any legal responsibility or obligation to provide future updates. I accept no responsibility and no liability, whatsoever, for any direct, indirect, special, punitive, or consequential damages or loss arising from the use of my opinions or information . The information contained in a report, commentary, this website, interview, and other content is subject to change without notice, may become outdated, and may not be updated. A report, commentary, this website, interview, and other content reflect my personal opinions and views and nothing more. All content of this website is subject to international copyright protection and no part or portion of this website, report, commentary, interview, and other content may be altered, reproduced, copied, emailed, faxed, or distributed in any form without the express written consent of Michael S. (Mickey) Fulp, MercenaryGeologist.com LLC.
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