Important

Disclaimer

Last updated: May 14, 2026

This is not investment advice. The Stock Shaman is a personal commentary and research publication. Everything written here, whether on the site, in the email newsletter, or on social media, is the personal opinion of the author and is for informational and educational purposes only.

Not a registered advisor

Greg Shafransky is not a registered investment advisor, broker, dealer, financial planner, or licensed financial professional. Nothing on this site or in the newsletter constitutes investment, financial, tax, accounting, or legal advice. No fiduciary or advisory relationship is created by reading the content or subscribing to the email list.

Do your own research

Always conduct your own due diligence before making any investment decision. Read company filings, talk to a licensed financial professional, and consider your own financial situation, objectives, and risk tolerance. Decisions you make based on content from this site or the newsletter are your responsibility alone.

Past performance is not future results

References to historical performance, prior coverage, or past results are for illustrative purposes only and do not guarantee, promise, or imply future returns. Resource and small cap stocks in particular are highly volatile and can lose substantial value rapidly.

Risk of loss

Investing in publicly traded equities, especially in the metals, mining, and resource sectors, involves substantial risk including the complete loss of principal. Junior exploration and small cap mining companies are speculative by nature and may have:

  • Limited operating history or revenue
  • Significant capital requirements and dilution risk
  • Exposure to commodity price volatility
  • Geopolitical, regulatory, and permitting risk
  • Lower trading volume and wider bid-ask spreads than larger companies

Only invest what you can afford to lose.

Forward looking statements

Content may include forward-looking statements about markets, commodities, or specific companies. These statements involve known and unknown risks, uncertainties, and assumptions and are not guarantees of future outcomes. Actual results may differ materially from any forward-looking statements made.

Conflicts of interest

The Stock Shaman or its operator may hold long or short positions in any of the securities or commodities discussed on the site or in the newsletter, and those positions may change at any time without notice. Coverage of a company is not a recommendation to buy, sell, or hold.

The Stock Shaman does not accept payment from companies in exchange for coverage. Any sponsored or paid content, if it ever appears, will be clearly marked as such.

Accuracy and completeness

While we strive for accuracy, content may contain errors, omissions, or out-of-date information. We do not guarantee the accuracy, completeness, or timeliness of any content. Always verify information from primary sources before acting on it.

Jurisdiction and eligibility

The content on this site is not directed at any person in any jurisdiction where the publication or availability of this content is prohibited. Some securities discussed may not be available or appropriate for investors in your jurisdiction.

Contact

Questions or concerns about this disclaimer? Email greg@thestockshaman.com.

Bottom line: Read the work, think for yourself, talk to a licensed professional if you need formal advice, and make decisions that fit your own financial situation. The Stock Shaman is a perspective, not a prescription.

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