Gold Mountain Mining: RichTV in Discussion With the CEO Kevin Smith
The internet has made information far more readily accessible and available to investors like never before. Moreover, people can now get useful information regarding stock markets from a range of sources including YouTube.
Nowadays, there are plenty of YouTube channels that specialize in providing its subscribers with news, analysts, and trading ideas on a daily basis. One such channel is Rich Tv Live and over the past months, it has become highly popular because of its remarkable work.
In one of its latest videos, the analyst at Rich Tv Live hosted the Chief Executive Officer of Gold Mountain Mining Corp. (TSXV:GMTN)(FRA:5XFA) Kevin Smith in a chat. Such chats and discussions often reveal important details about a company’s business and its aims.
In this regard, it is also necessary to point out that the Gold Mountain stock was in a tear earlier on today and hence, it is no surprise that Rich Tv decided to get a better idea about the company in its latest video. As a matter of fact, the channel host started off the chat by apprising the viewers about the fact that the stock was soaring.
The main reason behind the rally in the stock could be related to an announcement made by the company today. Gold Mountain announced that it signed an agreement with New Gold Inc by way of which it will supply iron ore to the latter for a period of three years.
The iron ore in question is going to be supplied to the New Alton mine. The Ore Purchase Agreement is a significant milestone for Gold Mountain and Smith said as much during the course of the discussion with the Rich Tv host. Smith also spoke about his motivations with regards to joining Gold Mountain. He said that he met with people at the company around two years ago and at the time, Smith was told a viable plan regarding the company generating steady cash flow.
That is something that can appeal to any executive who wishes to head a business. However, it should be noted that the latest Ore Purchase Agreement is the event that has brought the stock to attention and that is why it might be a good idea for investors to add the stock to their watch lists.
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