Tuesday 3 October 2017

Always read the disclaimers!

Before you believe anything you read from third parties in the junior mining space, always, always read the disclaimers!  Here is an example I received today in the way of a very promotional email linking to an article on International Battery Metals (CSE:IBAT).  Below are excerpts from the disclaimers in that article.  Kudos to the authors for full disclosure, but pity to the investors in IBAT who believed the glowing promo article and didn't bother reading the disclaimers and failed to realize that the article was for entertainment purposes only.  Ouch!

In this case the Company has been paid by International Battery Metals. In this case the Company has been paid by International Battery Metals one hundred and twelve thousand five hundred US dollars for this article and certain banner ads. This compensation is a major conflict with our ability to be unbiased, more specifically:
This communication is for entertainment purposes only. Never invest purely based on our communication...Oilprice.com receives financial compensation to promote public companies. This compensation is a major conflict of interest in our ability to be unbiased.  

Trying to Build a 10-Bagger

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