Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe


Keith Barron of Aurania Indicates Success with $100 Bills
Contributed Opinion

Share on Stocktwits


Bob Moriarty Bob Moriarty of 321 Gold discusses what a move by the CEO of this explorer may signal for the company.

I wrote a book in January I called Basic Investing in Resource Stocks. So far it has the highest reviews I have ever seen on a book and I pretty much read a book a day. You can buy the Kindle version for $5.99. I priced it low so everyone can afford to buy it.

Someday I'm going to write the sequel to it. I'll probably call it Advanced Investing in Resource Stocks. It's going to be priced at $1000 for the Kindle version and a lot more for the print edition. It will be about five pages long.

I'll do two pages listing the crooks, con men and idiots in the business that mine investors and another two pages for the people you want to invest with. And a title page, of course. You have to have a title page.

If you went to the racetrack and wanted to make some money but didn't know anything about horses or the odds, there is actually an easy way to make money. If you are standing in a line with the rest of the punters and suddenly a tiny man wearing racing silks (or woman or transgender or whatever) pushes into the line in front of you and empties his wallets, signs over his last paycheck and hocks his gold Rolex and put it all on a bet for him to win his race, maybe you should bet with him. After all, he or she know a lot more about horseracing than you do. You don't actually need to know anything to make a winning bet. You just need to know who does know something about the race and follow their lead. That's why my next book is going to be both short and really expensive.

Aurania Resources Ltd. (ARU:TSX.V) just came out with an interesting press release announcing among other things, Keith Barron is loaning the company $4 million CAD for two years at 2% interest and the loan is unsecured by anything.

At first glance you might conclude Dr. Barron has lost his ever-loving mind. There isn't anyone in the mining business that would loan $4 million CAD to a junior at 2% and not demand either higher interest (like 55%) or a whack of shares. As much as I love Barbara, I wouldn't loan her money at 2%. Even love has limits.

But think for a moment. Keith is drilling the Lost Cities Project. He's finished six holes so far but hasn't gotten the assays back or announced any holes. Clearly he wants to do a lot more drilling than he has money allocated for.

Aurania is worth $105 million right now. Keith wouldn't have any problem doing a financing. But if it did, he would have to expand the number of shares. Maybe since he is the biggest shareholder already he realizes that they are on to something really really big. Since he's going to end up spending tens of millions of dollars defining a resource, he may was well wait for good results to come out and do a financing at a much higher price.

If Keith Barron pushes his way into the betting queue in front of you wearing racing silks and puts his whole paycheck on his horse to win, maybe he knows something you need to know. He won't be a tiny man, however, he's sort of a chunky monkey.

Insiders will always know far more than you will. You don't need to know anything more than how they are betting.

Aurania is an advertiser. I have bought shares in the open market and participated in two private placements. Do your own due diligence.

Aurania Resources
ARU-V $3.75 (Apr 18, 2019)
AUIAF-OTCQB 32.9 million shares
Aurania Resources website.

Bob and Barb Moriarty brought to the Internet almost 16 years ago. They later added to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.


1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Aurania Resources. My company has a financial relationship with the following companies mentioned in this article: Aurania Resources is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe