After two years of rigorous bodybuilding, a jacked Bruce Springsteen, arrived in Vancouver in fighting form for his October 15th, 1984 Born in the U.S.A. concert date. Traveling in the van with The Boss to the Four Seasons, was Steven Van Zandt (Silvio from The Sopranos), and his future wife, Patti Scialfa, and a couple of the other E Street-ers.
Bruce sat behind me, and eventually picked up a microphone normally used for site-seeing tours. "Welcome to Vancouver! We are heading down..." He leaned towards the side of my seat and asked me in a whisper, what street we were on? I whispered back, Granville Street. "Granville Street! This lovely area is called.." Asking me again: "Shaughnessy! Towering over Vancouver, you can see ... Grouse Mountain." He kept the band laughing all the way to the hotel. It turns out I was the straight man in this street comedy duo. This was not your typical airport transfer.
Traveling in a separate van, accompanied only by his assistant, was the late great saxophonist, Clarence Clemmons. I spent the majority of the rest of the visit taking care of "The Big Man" as he was called. He was warm, relaxed, funny, talkative, and definitely the biggest thing about him was his heart. He loved Alaska King Crab, and I picked him up one from Kamei Sushi on Thurlow, every night he was in town.
Judging on the way he used to wail on the sax, I always assumed he would be more boisterous. He saved all that for the stage. Pre concert he would be back stage knocking off dozens of reps on an abdominal board. The Boss's new physique may have been an inspiration to him, however, it appeared the King Crabs were winning that battle.
Among the celebrities back stage waiting to visit the band post concert was a very shy Daryl Hannah and her new boyfriend, Jackson Browne. Browne and The Boss remain friends to this day and celebrated Bruce's 66th birthday on stage last September.
I was fortunate enough to catch The Boss and almost the entire E Street band in 2008. Clarence passed away three years later.
Dow 20,000, Gold, Oil and Base Metals
The Dow was within 184 points of a breakout. And anyone who thinks that it failed once again to penetrate the 18,351 intraday high, I would argue that it's a long way from the Black Friday low of 15370. It's now up over 17%.
The gold bulls may feel frustrated by yet another smackdown this week, after another valiant attack at 1260 plus. I say better here than 1050. Those who called for oil to drop to $26 again are flirting with being almost 70% wrong. The base metals looked great last week, and even zinc was pushing toward 0.90, for the first time in a while. $TV Trevali up 160% intraday from November? Very little to complain about.
https://ceo.ca/index.html?c58550283144
Then there is lithium and the juniors. Here is a shocker: 22 of the BeckDex 50 (plus) were at 52 Week intraday highs last week:
KOR MAG PE SBB WML SSP PGM IDM GPH SXR WPQ NFR EAM GSH KES HPL JEM GGS CXO CCY NEV NXE
Ok...NOW someone slap me.
Talking our Books
$CXO Colorado Resources was a popular subject last week here at CEO.CA. The stock opened up modestly Monday at 0.175, and trended up all week until the halt early Thursday morning. Doubling their land position in the Golden Triangle caused the stock to almost double from Friday (April 15) intraday low of 0.155, to last Fridays intraday high of 0.295. This one is going higher.
$LIX profit taking was balanced by position building in Giustra's 3 other winners. $CCY, $GGS and $SSP all saw intraday highs last week. The treasuries are getting fatter and as anticipated, the trickle down momentum, is building a solid following.
Several people mentioned to me that they were going to average down, average up or buy $LIX for the first time last week. Go ahead and guess where it's headed. I made my prediction clear last week.
Robert McLeod's $IDM Mining closed at a 52 week high of 0.125 on Friday. He has a lot of friends at CEO.CA, and it shows. Peter Koven's article in the Financial Post on how Robert is taking advantage of crowdfunding helped as well.
The BergDex
If everyone is a genius during a junior bull market, then Robert Hirschberg is a cross between Einstein and Stephen Hawking.
I was observing $XMG MGX Minerals climbing the charts last week. $XMG opened the week at 0.115 and hit a intraday high of .23 on both Thursday and Friday on 5.2 million shares. It all made sense when reading this news release:
MGX MINERALS ANNOUNCES $500,000 STRATEGIC PRIVATE PLACEMENT FOR ALBERTA LITHIUM
Closing of the private placement is conditional upon satisfactory due diligence of MGX by the investors and compliance with all regulatory requirements. The principle investors are Dr. K. Sethu Raman, Robert Hirschberg and Sam Sahota.o
This is how the rest of the BergDex performed for the week, starting with his 3 Globe and Mail picks from March 4th:
- $LIX
March 03: 0.85
April 22: 2.21
Up 160%
- $PGM
March 03: 0.24
April 22: 0.48
Up 100%
- $NGZ
March 03: 0.045
April 22: 0.14
Up 211%
That's an impressive 157% average in 7 weeks to the entire Globe and Mail subscriber base.
Check out the returns on Robert's other picks from his tweet on March 24th:
$BOL Up 60%, $CAP Up 25%, $EAM Up 59%, $GSH Up 53%, $NFR Up 94%, $NX 114%, SXR -25%, $WML Up 100% WPQ Up 73%
https://mobile.twitter.com/r_hirschberg/status/713018047846490112?p=v
That's a 51.4% gain on average. $XMG was up 83% for the week, and is now part of the BergDex. At least we know who Dr 7/ 11 is now. (11 discoveries and 7 in production)
$HPL Horizon Petroleum
My first post on HPL was at 0.015 on July 16. HPL hit an intraday high of 0.08 on Friday, before closing at 0.06. This one has the potential to be the best performer on the BeckDex 50 going forward. Betting on the jockeys? Read on:
- Horizon will buy Iskander Energy for 55,373,072 shares to create a new International Oil and Gas Company
- Senior management of $CNE Canacol (Market Cap $605 Million) run HPL (David Winter and Charlie Gamba)
- Iskander chairman, Kent Jespersen, is also chairman of $VII Seven Generations (Market Cap $6.2 Billion), and was former Chairman of North American Oil Sands
- Statoil bought North American Oil Sands for $2 Bil in 2007
- Michael Florence (former president of Sherfam, parent company of Apotex) joins the new board. He represents Canada's 5th richest man according to Forbes (Bernard Sherman: $5.4 Bil), and may have a substantial stake in the new company (Horizon becomes Scion)
- 29 analysts from North and South America, and Europe cover $CNE and $VII
Canacol (CNE) ANALYST COVERAGE (12)
http://www.canacolenergy.com/s/analyst-coverage.asp
Seven Generations (VII) Analyst Coverage (17)
https://www.7genergy.com/investors/analyst-coverage
Horizon Petroleum Announces Recapitalization Transaction to Create a New International Oil & Gas Company
Iskander Board of Directors
http://www.iskanderenergy.com/about-us/board-of-directors
Bernard Sherman in Forbes
http://www.forbes.com/profile/bernard-barry-sherman/
July 16 post
https://ceo.ca/index.html?8c98bea9c784
November 9 post
https://ceo.ca/index.html?7da4d0f5fc53
The BeckDex 50
The List:
$LIX $SBB $IDM $NXE $PTM $SKE $JEM $HPL $IDI $CCY $MCC $BOL $EAM $CAP $GSH $NFR $NGZ $NX $PGM $SXR $UWE $WML $WPQ $MRZ $KLS $BUS $CT $NXO $BAR $CIN $CT $DMA $GRG $ICG $MAG $WKM $RLG $RST $JEM $BAY $WLF $MSD $LAG $GPH $NEV $IN $TV $BTH $GLH $KRN $PE $KOR $SSP $RMX $XGM
- If a shell had a change of business, only the opening price low is used.
- Two-year lows are used (majority bottomed in 2105)
The list is broken down into 3 categories: Under .25, Under .50, and Over .50
UNDER .25:
- $CXO Colorado Resources
Year High 0.295 (New)
Year Low 0.05
Last 0.27
Up 5300% (New)
- $GGS Golden Secret Ventures
Year High 0.55 (New)
Year Low 0.02
Last 0.51
Up 2450% (New)
- $RLG West Red Lake Gold Mines
Year High 0.21
Year Low 0.01
Last 0.125
Up 1150%
- $JEM Jagercor Energy
Year High 0.08 (New)
Year Low 0.01
Last 0.08
Up 700% (New)
- $NGZ NRG Metals
Year High 0.175
Year Low 0.02
Last 0.14
Up 600%
- $NX Noka Resources
Year High 0.26
Year Low 0.025
Last 0.15
Up 500%
- $HPL Horizon Petroleum
Year High 0.08 (New)
Year Low 0.01
Last 0.06
Up 500%
- $HRT Harte Gold
Year High 0.345
Year Low 0.045
Last 0.23.5
Up 422%
- $CAP Castle Peak
Year High 0.035
Year Low 0.005
Last 0.025
Up 400%
- $MCC Magor Corporation
Year High 0.315
Year Low 0.015
Last 0.075
Up 400%
- $KES Kessulrun Resources
Year High 0.11 (New)
Year Low 0.02
Last 0.10
Up 400%
- $GSH Golden Share Mining
Year High 0.15 (New)
Year Low 0.03
Last 0.145
Up 383% (New)
- $RST Rosita Mining
Year High 0.10
Year Low 0.01
Last 0.045
Up 350%
- $EAM East Africa Metals
Year High 0.145 (New)
Year Low 0.03
Last 0.135
Up 350%
- $DMA DiaMedica
Year High 0.25
2014 Low 0.035
Last 0.155
Up 342%
- $NFR Northern Freegold
Year High 0.20 (New)
Year Low 0.04
Last 0.155
Up 288%
- $WPQ WPC Resources
Year High 0.12 (New)
Year Low 0.025
Last 0.095
Up 280%
- $RMX Rubicon Minerals
Year High 1.485
Year Low 0.015
Last 0.055
Up 266%
- $MSD Moseda Technologies
Year High 0.365
Year Low 0.065
Last 0.225
Up 246%
- $WKM West Kirkland Mining
Year High 0.135 (New)
Year Low 0.035
Last 0.105
Up 200%
- $SXR SGX Resources
Year High 0.05 (New)
Year Low 0.005
Last 0.015
Up 200%
- $IDI Indico Resources
Year High 0.16
Year Low 0.02
Last 0.06
Up 200%
- $PRS.H Prism Resources
Year High 0.11
Year Low 0.04
Last 0.11
Up 175%
- $BOL Bold Ventures
Year High 0.05
Year Low 0.015
Last 0.04
Up 167%
- $XMG MGX Minerals
Year High 0.70
Year Low 0.08
Last 0.21
Up 163%
- $WLF Wolfden Resources
Year High 0.21
2014 Low 0.045
Last 0.11
Up 144%
- $GPH Graphite One Resources
Year High 0.16 (New)
Year Low 0.065
Last 0.145
Up 123% (New
- $IDM IDM Mining
Year High 0.125 (New)
Year Low 0.065
Last 0.125 (New)
Up 92% (New)
- $LAG Laguna Blends
Year High 0.40
Year Low 0.08
Last 0.11
Up 38%
- $SKE Skeena Resources
Year High 0.125
Year Low 0.055
Last 0.075
Up 36%
- $IN InMed Pharmaceuticals
Year High 0.405
Year Low 0.10
Last 0.125
Up 25%
- $MRS
Year High 0.275
Year Low 0.05
Last 0.055
Up 10%
UNDER .50:
- $PGM Pure Gold Mining
Year High 0.55 (New)
Year Low 0.07
Last 0.48 (New)
Up 586%
- $CCY Catalyst Copper
Year High 0.56 (New)
Year Low 0.10
Last 0.495
Up 395%
- $SSP Sandspring Resources
Year High 0.485 (New)
Year Low 0.11
Last 0.44 (New)
Up 300% (New)
- $BAY Aston Bay Holdings
Year High 0.32
Year Low 0.08
Last 0.285
Up 256%
- $NEV Nevada Sunrise Gold
Year High 0.38
Year Low 0.125
Last 0.285
Up 128%
- $GLH Golden Leaf Holdings
Year High 1.40
Year Low 0.355 (New)
Last 0.375
Up 6%
OVER .50:
- $WML Wealth Minerals
Year High 0.71 (New)
2014 Low 0.03
Last 0.54
Up 1700%
- $LIX Lithium X Energy
Year High 2.85 (New)
Year Low 0.35
Last 2.21
531%
- $CRH CRH Medical
Year High 5.50
2014 Low 0.65
Last 4.09
Up 529%
- $NXE NexGen Energy
Year High 2.78 (New)
2015 Low 0.40
Last 2.20
Up 450%
- $SBB Sabina Gold & Silver
Year High 1.66 (New)
Year Low 0.30
Last 1.61
Up 437%
- $PE Pure Energy
Year High 1.15 (New)
Year Low 0.18
Last 0.92
Up 411%
- $LTE Lite Access Technologies
Year High 1.80
Year Low 0.39
Last 1.53
Up 292%
- $KRN Karnalyte Resources
Year High 4.15
Year Low 0.52
Last 1.94
Up 273%
- $MAG Mag Silver
Year High 15.76 (New)
Year Low 6.90
Last 15.08 (New)
Up 219%
- $KOR Corvus Gold
Year High 1.08 (New)
Year Low 0.33
Last 0.95
Up 204%
- $PTM Platinum Group Metals
Year High 7.40
Year Low 1.35
Last 3.93
Up 202%
- $TV Trevali Mining
Year High 1.24
Year Low 0.245
Last 0.53
Up 116%
- $BAR Balmoral Resources
Year High 1.22
Year Low 0.33
Last 0.62
Up 88%
- $BTH Breathtec BioMedical
Year High 0.55
Year Low 0.37
Last 0.435
Up 18%
Recent Reports
"I'm with The Police" - TSXV 10-bagger update (April 18)
Eric Clapton: Rock'n Stock Talk (April 11)
On Jeff Beck, Elon Musk and the power of intention (April 4)
Kenny Rogers and the immutable law of reciprocity (March 27)
From the Four Seasons to Expo 86, and the Birth of CEO.CA (March 20)
1974 All Over Again (March 13)
The Trickle Down Theory: Large Gains in Junior Miners and Micro-Caps (March 7)
Finally, an Acorn for Us Mining Bulls (Feb. 29)
Why I Continue to Bet the Jockey in Canadian Micro-Caps (Feb. 21)
The Takeover Kings: $25 Billion to Shareholders and $22 Billion in Current Market Value (Jan. 12)
Betting on the Jockeys: The Yorkton Lithium Express (Oct. 19)
This article discusses highly speculative penny stocks. Nothing in this article should be construed as investment or professional advice of any kind. From time to time, the author may transact in securities mentioned. All facts are to be verified by the reader and all readers to do their own due diligence before investing including talking to a licensed financial advisor.
