Bill Matlack and Barry Downs are stockbrokers
specializing in gold and mining equities with Aegis Capital
Corporation, New York, NY. Aegis Capital is a registered broker/dealer
and a member of the NASD and SIPC.
Company and Commodity Risk Disclosure
In addition to the risks involved in investing
in mining companies and commodities generally, we also highlight
the following risks that pertain to this sector. Metals and
equity prices are highly levered to the relative strength
of the U.S. dollar, economic growth, and inflation generally,
as well as to political and economic stability worldwide.
Analyst’s Certification
I, William Matlack, hereby certify that the
views expressed in this report accurately reflect my personal
views about the subject companies and commodities. I also
certify that I have not, am not, and will not receive, directly
or indirectly, compensation for expressing the specific recommendations
or views in this report.
General Disclosure
The research analyst (or their household members)
who prepared this research beneficially owns mining company
securities. Aegis Capital Corporation (“Aegis”)
or an affiliate expects to receive and intends to seek compensation
for investment banking services from mining equity issuers
within the next 3 months. The analyst who prepared this research
report may be compensated based upon (among other factors)
investment banking services.
The opinions, estimates and projections contained
herein are those of Aegis as of the date hereof and are subject
to change without notice. Aegis makes every effort to ensure
that the contents have been compiled or derived from sources
believed reliable and contain information and opinions, which
are accurate and complete. However, Aegis makes no representation
or warranty, express or implied, in respect thereof, takes
no responsibility for any errors and omissions which may be
contained herein and accepts no liability whatsoever for any
loss arising from any use of or reliance on this report or
its contents. Information may be available to Aegis or its
affiliates, which is not reflected herein. This report is
not to be construed as an offer to sell, or solicitation for,
or an offer to buy, any securities. Aegis, its affiliates
and/or their respective officers, directors or employees may
from time to time acquire, hold or sell securities mentioned
herein as principal or agent. Aegis may act as financial advisor
and/or underwriter for certain of the corporations mentioned
herein and may receive remuneration for same. TO U.K. RESIDENTS:
The contents hereof are intended solely for the use of, and
may only be issued or passed onto, persons described in Part
VI of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2001.
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