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You Definitely Want To Own This Silver Stock
Contributed Opinion

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Michael Ballanger Michael Ballanger of GGM Advisory Inc. shares one Canadian silver stock he believes you will want to own sooner rather than later.

Norseman Silver Ltd. (NOC:TSX.V; NOCSF:OTCQB)

Since the day I released Email Alert 2023-131 on October 3, I have been haranguing my poor subscribers about the outlook for Norseman Silver Ltd. (NOC:TSX.V; NOCSF:OTCQB) since the stock was trading down below CA$0.05 to as lows as CA$0.035 between September 28 and October 4.

Today, there was a big block that changed hands at CA$0.10, which was a highly motivated buyer located a block that was for sale and pounced upon it.

I also added 150,000 additional to the trading account, taking the total held up to 1,200,000 at an average price of US$0.092, which means at the current price, the trading account is now at a breakeven level for the first time in the summer of 2022.

There is news coming shortly, and once it is out in the open, you will appreciate the changes being made and the quality of management that I have been referencing since early 2020, shortly after I launched the GGM Advisory.

They got caught in an unfortunate downdraft that started four months before the stock peaked at CA$0.76 in February 2021 and have had to endure a brutal bear market in precious metals juniors since then.

I will have more hopefully tomorrow, but you definitely want to own it, and if you have expensive stock from my ill-timed endorsement from 2021, add to it now and get your ACB down to a manageable price. Higher prices are on the horizon.

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Important Disclosures:

  1. Norseman Silver Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
  2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Norseman Silver Ltd.
  3. Michael Ballanger: I, or members of my immediate household or family, own securities of: Norseman Silver Ltd. and Volt Lithium Corp. I determined which companies would be included in this article based on my research and understanding of the sector.
  4. 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. 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.
  5.  This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional. 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.

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Michael Ballanger Disclosures

This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

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