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@Excelsior $EXN $EXLLF Excellon Reports 2016 Annual and Fourth Quarter Financial Results and Update on Optimization Plan Thu March 23, 2017 – #Silver #Lead #Zinc #Gold * 2016 Corporate and Operational Highlights > Advanced implementation of optimization plan at Platosa, with aim of doubling productivity and halving costs during 2017 — optimization plan in final implementation phase, with dry mining conditions expected during Q2 2017 > Successful financings provided capital for optimization plan and $5 million exploration program at Platosa and addition of key new shareholder, Eric Sprott > Closed sale of DeSantis Property in Timmins, Ontario in Q2 2016 for shares of Osisko Mining Corporation that have gained +300% since closing of the transaction > Key exploration results near mine infrastructure include 13 metres of 662 g/t Ag, 4.9% Pb, 25.5% Zn and 0.57 g/t Au and 3 metres of 795 g/t Ag, 9.25% Pb and 25.85% Zn > Positive initial court resolution from Agrarian Tribunal of litigation with the Ejido La Sierrita > Negotiated improved offtake terms for 2017 with approximately 60% reduction in treatment and refining charges >Addition of key expertise to management team with appointment of Vice President Technical Services, Denis Flood, Vice President Geology, Ben Pullinger, and Vice President Corporate Responsibility, Dr. Craig Ford > Addition of highly-regarded board appointees, Dr. Laurie Curtis and Daniella Dimitrov ** 2016 Financial Highlights > Revenue of $17.0 million (2015 – $16.2 million) > Production of 1.3 million #silver equivalent ounces (2015 – 1.4 million AgEq ounces) > Sales of 1.1 million AgEq ounces payable (2015 – 1.3 million AgEq ounces payable) > Mine operating earnings of $0.7 million (2015 – loss of $2.5 million) > Approximately 83% of tonnage mined during 2016 was from outside mineral resources, resulting in minimal depletion of Platosa mineral resources during the year http://seekingalpha.com/pr/16779243-excellon-reports-2016-annual-fourth-quarter-financial-results-update-optimization-plan
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@Excelsior @stateside & @Highheat - there was the recent $MGG news about Samples up to 3,120 g/t Silver and 14.7 g/t Gold at La Quintera
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@Excelsior @Ty - Thanks for sharing that chart on $URA http://cdn.ceo.ca/1cd51nr-Screen%20Shot%202017-03-23%20at%201.14.13%20am.png+ Back in late January I mentioned that the #MACD cross at those overbought levels concerned me, and could mark the turn downward in #Uranium stocks for the mid term. That's what we have seen play out. That H&S pattern is showing up in many of the U stocks, so we may still have a little downside left to work off.
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@Excelsior @Highheat - Agreed on $EXN I've been adding the last few week and there's been a nice run lately and today they released good end of the year results. I posted a summary in their room. There are a few other #Silver companies that have done OK but my focus is typically on the smaller #producers and #developers that often surprise to the upside.
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@Excelsior @investorwannabe - Part of their genius at $EXN in dealing with that water was when the strategically placed pumping units and got the assistance of Hydro Resources and Technosub Inc. it is bringing their costs down the lower they go. The high grade #Silver #Zinc #Lead helps the cause as well. :-) Here's the latest #CorporatePresentation (pages 9 - 12 deal with the water and the huge effect it has in allowing them to access the really high grade ore): http://www.excellonresources.com/_resources/presentation/corporate-presentation.pdf
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@Excelsior @Bullionaire - I expect there to be some support for $NXE at the prior peak from last year at $2.86 (many traders key off that level). There was a gap down in that general area and the 50% Fib retracement comes in around $2.82. So the mid $2.80s will be a congestion zone. Below that the 200 day Moving Average may offer more support (currently at $2.59). http://stockcharts.com/h-sc/ui?s=NXE.TO&p=D&yr=1&mn=0&dy=0&id=p41932900374
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@Excelsior @Vaughan - Good thoughts - I had posted a chart of $URA back in late January and was concerned when the MACD crossed at over-sold levels that we may get and intermediate pullback in the Uranium stocks, and that is what we are seeing. Entering or adding to positions in the late Spring or Summer may work out well. @TY just posted a good update to the $URA chart that I'll post below that highlights the Head & Shoulders pattern playing out in #Uranium stocks: http://cdn.ceo.ca/1cd51nr-Screen%20Shot%202017-03-23%20at%201.14.13%20am.png+
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@Vaughan @Excelsior, I remember that chart and I also recall a conversation we carried on (I believee in MBGTrends) that convinced me to now only sell half on the double, but to just unload that that point in time. Good move in retrospect so thanks for pushing the thought process forward with me. #Uranium #MBGTrends
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@Excelsior @Vaughan - I had trimmed most of mine back during that period and sold a few, but did average back into to some of them on recent pullbacks in Feb not realizing it was actually a H&S pattern setting up. It's fine because my process is to leave low cost basis core positions in place in case someone gets taken over or has an upside surprise, but I'll be adding more heavily once things start signalling more of a bottoming process.
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@Vaughan @Excelsior, feel free to share when you start seeing those signals :)
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@Excelsior @Vaughan - will do. I'll be watching the slow stochastics RSI & ADX for an early signal, and then look at the MACD for confirmation as a lagging indicator. Here is the $URA chart at present showing the RSI heading down (but not quite oversold yet until it gets below 30) and the Slow Stochastics still heading down into oversold territory (I'd like to see that cross first, but not get embedded). #Uranium http://stockcharts.com/h-sc/ui?s=URA&p=D&b=5&g=0&id=p80894542383
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@Excelsior @F6 - Is that you FranSix?
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@Excelsior Here were a few #Silver stocks that had a nice ~green day: Silver Stocks – SYMBOL – % CHG Arizona Silver Exploration Inc. $AZS +15.56% Silver Spruce Resources Inc. $SSE +11.11% Orex Exploration Inc. $OX +8.33% BAYHORSE SILVER INC $BHS +8.11% Excellon Resources Inc. $EXN +5.99% Silver Dragon Resources Inc. $SDRG +4.17% Santacruz Silver Mining Ltd. $SCZ +4.08% Silver Bull Resources, Inc. $SVB +4.00% Golden Minerals Company $AUM +3.45% Nicola Mining Inc. $NIM +2.78% Bitterroot Resources Ltd. $BTT +2.50% SilverCrest Metals Inc. $SIL +1.98% Golden Arrow Resources Corporation $GRG +1.45% Metallic Minerals Corp. $MMG +1.32% Brixton Metals Corporation $BBB +1.11% Coeur Mining, Inc. $CDE +1.02% Endeavour Silver Corp. $EDR +0.48% First Majestic Silver Corp. $AG +0.25%
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@F6 @Excelsior yep.
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@Excelsior @F6 - Your 233 moving average and KST indicator is what got me thinking, then I got the name. Glad to see you're still causing a ruckus. Cheers Mate!
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@Excelsior @Jackthemoneyguy - Damn good list sir. Out of those I hold $BBB and $DV and have considered $KTN but I have 13 #Silver Stocks and feel like I have decent exposure to the sector.
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@Excelsior Yeah I heard Brent Cook say he picked up $GWM for the Zinc exposure so I've been meaning to look into them.
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@Excelsior @Goldfinger - I finally exited my $UVXY that I put in place before what I thought would be a turbulent Wed/Thur last week. It's a week late, but.... Hello #Volatility..... :-)
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@Onlyflaws @Excelsior You should definitely look at Galway metals, the zinc project is one but the main show is the clarence stream high grade gold project. Large area to explore, they are talking about district scale play (arent they always:)). Plus 9mil in bank and tight share structure. Management solid, sold Galway resources for 350mil.
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@Excelsior $PPP $P Primero Receives Extension to Revolving Credit Facility Friday March 24, 2017 08:00 "Primero Mining Corp. says an agreement has been struck with lenders for an extension of its $75 million revolving credit facility. Instead of maturing in May, the RCF will be extended by six months to November, providing the company with “greater flexibility to replace the RCF with a longer-dated term loan,” Primero says. http://www.kitco.com/news/2017-03-24/Gold-Silver-Mining-Daily-News-Briefs.html
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@Excelsior $SAND $SSL Sandstorm Acquires 22 #Royalties In First Quarter Friday March 24, 2017 - #Gold #Silver #Copper #Diamonds #Streaming and #royalty company Sandstorm Gold Ltd. says it acquired 22 net-smelter-return royalties during the first quarter for $1.9 million. The assets include royalties on development-stage, advanced exploration-stage and exploration-stage projects located in Canada, Mexico and Peru. "The collection of royalties that we have acquired so far in 2017 have added exploration potential in stable jurisdictions, increasing the optionality in our portfolio, which is now up to 155 streams and royalties," said Nolan Watson, president and chief executive officer. “We have over $30 million in cash and $110 million available on our revolving line of credit, and we are working diligently to continue deploying our capital into accretive acquisitions that will add value to shareholders." http://www.kitco.com/news/2017-03-24/Gold-Silver-Mining-Daily-News-Briefs.html
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@Excelsior Thanks @Jackthemoneyguy and @Onlyflaws for the heads up on $GWM. I'll check it out. Much appreciated!
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@Excelsior @MiningBookGuy - Wow. I didn't realize that #Tanzania had that export ban, Tanzania Ban Export of Mineral Concentrates http://www.tanzaniainvest.com/mining/ban-export-mineral-concentrates It's really a shame that the merger with $ACA.L and $EDV is off. That would have been a juggernaut. Maybe $EDV will go shopping for another solid player instead. I can think of a few I wouldn't mind them making an offer on. :-) Now that I think about it, maybe $ACA.L needs to diversify out of Tanzania as well and pick up a few of the #Development stage companies I hold in #WestAfrica (a guy can dream right?)
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@Excelsior @Racker - thanks for that article. This chart of #Nuclear reactors under construction, planned, or proposed may cheer up some #Uranium mining investors: https://assets.bwbx.io/images/users/iqjWHBFdfxIU/icT1_hHLtP5M/v1/-1x-1.png+
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@Excelsior $AXY $MGMXF Alterra Power Corporation's CEO John Carson on Q4 2016 Results - Earnings Call Transcript Mar. 16, 2017 - #RenewableEnergy "Well, going through the year, it reminded me that we had a really big year. It was a tremendous transition year for Alterra, I think. Our power production increased by 20% from 1,250 gigawatt hours to 1,500 gigawatt hours. Jimmie Creek, our #hydro operation in British Columbia entered #production. We had our first full-year production from our new Shannon #Wind farm in Texas. We started up the Kokomo #Solar farm, we did our first equity financing in six years and something that's not material perhaps [indiscernible], but it's very important thing for me in principle, we inaugurated our first dividend and we would like that to be thought of as a very long-term thing that really establishes Alterra as a long term returner of capital to our shareholders." "And most significantly, I think, we put in place a platform of growth projects in the United States and Iceland that can double our size over the next few years and really get us to critical mass. But what does 'critical mass' mean? It means getting us to a size that will materially lower our cost of capital. That will put us on the radar to all investors as a major clean energy company, increasing our liquidity and making us a great investment option for North American and international investors; and allow us more options at a lower cost to finance our tremendous pipeline of growth." "To well I saw 2016 as a transition year, I see 2017 as a real year of liftoff. We've built a great sustainable base. We now have eight operating plants in #wind, #hydro, #solar and #geothermal power. As far as I know, we're the only #CleanEnergy company in the world with operations and management expertise in all four true clean energy technologies. And from this base, we plan to at least double our size over the next few years. I say at least double because quite frankly, we have projects in our pipeline that could triple our current size by 2020, and we have the human resources and access to capital to execute this amazing growth platform. That's why I can say that I'm as excited about our future as I've ever been since beginning the company in 2008." ---- #RossBeaty http://seekingalpha.com/article/4055960-alterra-power-corporations-mgmxf-ceo-john-carson-q4-2016-results-earnings-call-transcript?part=single
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@Excelsior $BBB $BXTMF Brixton Metals CEO: “We Think We Have a Significant #Discovery” Posted By SmallCapPower - March 24, 2017 #Silver #Cobalt #Gold #drillplays "Brixton Metals Corporation (TSXV: BBB) Chairman and CEO Gary Thompson, in this interview with SmallCapPower at the #PDAC 2017 convention, talks about Brixton’s two projects, which includes a gold/silver play in British Columbia with a “large #gold anomaly.” Find out why he’s excited about Brixton Metals’ upcoming #drill program by watching our #video interview." https://smallcappower.com/videos/companies-to-watch/brixton-metals-ceo-240317/
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@Excelsior @CriticalInvestor - That's Blue Sky Uranium Group. I actually like the Grosso group's work on their silver project under Golden Arrow in Argentina. It was Midnight Oil that had the song Blue Sky Mine #CeoFM https://www.youtube.com/watch?v=Ofrqm6-LCqs+
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@Excelsior #Silver Miners’ Q4’16 Fundamentals Adam Hamilton – Mar 24, 2017 “The silver miners’ stocks have had a roller-coaster ride of a year so far. They surged, plunged, and then started surging again last week on a less-hawkish-than-expected Fed. Such big #volatility has spawned similar outsized swings in sentiment, distorting investors’ perceptions of major #silver #miners. But their recently-reported fourth-quarter operating and financial results reveal the true underlying fundamental realities.” "As scarce as silver-heavy deposits supporting primary silver mines are, primary silver minersare even rarer. Since silver is so much less valuable than gold, most silver miners need multiple mines in order to generate sufficient cash flows. These often include non-primary-silver ones, usually gold. More and more traditional elite silver miners are aggressively bolstering their gold production, often at silver’s expense.” “So the universe of majorsilver miners is pretty small, and their purity is shrinking. The definitive list of these companies to analyze comes from the most-popular silver-stock investment vehicle, the #SILGlobalXSilverMinersETF. This week its net assets are running 5.4x greater than its next-largest competitor’s, so SIL really dominates this space. With ETF investing now the norm, SIL is a boon for its component miners…” http://www.321gold.com/editorials/hamilton/hamilton032417.html
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@Excelsior @Enforcer36 - If you'll scan up through this #Uranium page there are a range of opinions from a fundamental and technical analysis vantage point, many editorial pieces, articles on nuclear energy, lots of good website links, macro overviews of the Uranium miners, and of course, different U companies that investors like in the various sub-sectors (Producers, Developers, Explorers). * If you see a #RedTopic you can dive into the subject with other related posts, and if you see any company in $BlueTicker you can click on that for all those related company posts. ** Also don't forget to click "See Older Posts" at the top as this thread goes WAAAAAYYYY back up there and really it contains a wealth of collective crowd-sourced wisdom and experience from the collective mob of mad geniuses, introverts, industry insiders, hecklers, hooligans, ragamuffins, technicians, news junkies, flunkies, over spunky, and some good folks sharing ideas on like-minded investments in the #Uranium sector.. #mbgtrends #newbies
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@Excelsior $MXSG Mexus Gold CEO, Paul Thompson, Says Mines Are Ready To Produce Gold "Jasyn Blair Interviews Paul Thompson, CEO of $MXSG Mexus Gold US, and they discuss project updates and the beginning of #Gold #Production for one of their properties." https://upticknewswire.com/mexus-gold-ceo-paul-thompson-says-mines-ready-produce-gold/
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@Excelsior @Enforcer36 - This is one of the better overviews of #NorthAmerican #Uranium #Producers that I’ve come across. $CCO $CCJ $DML $DNN $EFR $UUUU $UEC $URE $URG $URRE $PEN $PENMF. The only one not included in this article was $ARY $ANLDF Anfield Resources (as they are just going into production in 2017). I would also add that $UEC and $URRE are prior producers but not currently in production, so I have them categorized as #Development stage at this point. Note: This article doesn't cover the #Explorers (which have fared better than the producers due to the depressed prices in the #Uranium sector) _________________________________________________________________________ North American Uranium Producers December 20, 2016 – Brian @ Junior Stock Review http://www.juniorstockreview.com/2016/12/20/north-american-uranium-producers/
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@Excelsior #RickRule Pre #PDAC 2017 #Mining Stocks on #BNN Market Call MARCH 3, 2017 Rick Rule covers a great deal of ground in this BNN #Video interview (from a few weeks back) on some of the more popular mining companies: $IVN Ivanhoe, $ANF Anfield Gold, $KL Kirkland Lake, $CGP Cornerstone Capital & $SOLG.L SolGold, $PVG Pretium Resources, $NAK $NDM Northern Dynasty, the XAU Index, $DDC Dominion Diamond, Reservoir minerals/ $NSU Nevsun, $HL Hecla Mining, $PAAS Pan American Silver, the #Silver market fundamentals, $CDB Cordoba, $SLW Silver Wheaton, $BGM Barkerville Goldmine, $VIT Victoria Gold, $DPM Dundee Precious Metals, $LUC Lucara Diamond, investing in #Gold bullion, Off balancesheet liabilities and #debt of the US Government, $TV Trevali Mining, $NXE Nexgen Energy, $ALS Altius Minerals, $BTG B2Gold http://www.pennyminingstocks.com/rick-rule-pre-pdac-2017-mining-stocks-bnn-market-call/
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@MiningBookGuy @Excelsior - good thoughts on $ACA.L $EDV! I will have some more soon in ~AUfrica ...will find some more time this weekend soon :)
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from ~aufrica,
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@Excelsior This link that (MXSG) just provided on their main website is a repost of and earlier release from last year that goes over the history & experience of their very capable JV partner MarMar holdings. It's great that they finally have this link posted on their website, as most investors will not realize that MarMar has been an operator on a number of successful projects and has provided all the equipment for the mining and milling thus far. This is an ideal partnership. http://cdn.ceo.ca/1cddtg2-History%20of%20MarMar%20Holdings.pdf
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@Excelsior The most impressive Corporate Presentation from $TGZ $TGCDF Teranga Gold yet, from last week's #SwissMiningInstitute. Their section starts at the (3 hours, 19 minutes, and 30 seconds). I'm pretty animated by the year that they projected for the balance of 2017, and this looks like another #gold #producer in #WestAfrica that could really get rerated in the second half of this year. ___________________________________________________________ ~AUfrica Swiss Mining Institute – Geneva Conference 22 March 2017 (Morning) Mar 22, 2017 – Mandarin Oriental – Geneva (jump to 3hr:19mins:30sec) https://www.youtube.com/watch?v=Lv3Cazwt0Mo+
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from ~aufrica,
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@Excelsior *What’s next for the #Dollar, #Gold & #Stocks? Axel Merk, Merk Investments - March 22, 2017 http://www.merkinvestments.com/insights/2017/2017-03-22.php ** Drama in DC Gary Wagner - March 24, 2017 - Weekend Review #TechnicalAnalysis #Video #Gold #Dollar https://thegoldforecast.com/video/drama-dc *** The Suspense is Killing me by Fullgoldcrown @ 10:35 am - Goldtent TA Paradise   #TechnicalAnalysis $HUI #Chart https://goldtadise.com/?p=398515 **** A Grinding #Gold Market: Key Trades Morris Hubbartt - Super Force #PreciousMetals #Video #TechnicalAnalysis Mar 24, 2017 (double click the various $Blue Links to play the #Video segments) http://www.321gold.com/editorials/sfs/hubbartt032417.html
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@Excelsior Uber suspends self-driving car program after Arizona crash Reuters - Gina Cherelus - March 25, 2017 http://www.reuters.com/article/us-uber-tech-crash-idUSKBN16W0UZ
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@Excelsior #Korelin Economics Report - An Inside Look At The Expanded Land package for $SEK $SEKZF SECOVA METALS "Brad Kitchen, CEO and Chairman of Secova Metals shares some more insights on the land expansion at its Eagle River property in the Windfall Lake gold district. The Company expended Eagle River property by almost 400% (see the map below). We discuss the other companies in this #gold district and why so much money has been raised by these companies." http://www.kereport.com/2017/03/25/expanded-land-package-secova-metals/
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@bullmarketmove Just to let everyone know, i've just published a new interview with Collin Kettell from Palisade Global.We talked about the bull market in #Uranium, PDAC 2017, and who he listens to as an investor. Enjoy! @bullmarketmove/the-next-bull-market-move-interview-collin-kettell-ceo-partner-palisade-global-investments-ltd @Excelsior @MiningBookGuy thank you for the nice words about my blog the other day. @jayfire @Alan @FundamentalAnalysis @tommy #NextBigTrade #TheNextBullMarketMove #RickRule #JustinSmyth
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@Finanzr @Excelsior Thanks for sharing! What I love about $TGZ is the fact that everything they are doing seems to be extremely solid and well thought through. Also looking forward to the catalysts in 2017. I believe below 1.20CAD is an extremely attractive price to add / build a position.
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@Excelsior $UEC UEC’s Amir Adnani with the Mercenary Geologist, #MickeyFulp at the #PDAC in Toronto… Mar 22, 2017 - #Uranium https://www.youtube.com/watch?v=j_mMTjhihdE+
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from #uranium,
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@Excelsior 1) #RickRule on #stocks, #oil, #gold and #silver, and the future of the markets David Moadel – Mar 22, 2017 “Rick Rule on stocks, oil, gold and silver, and the future of the markets // investing expert, investment tips, stock market collapse 2017, market crash 2017, recession coming, stock market collapse imminent today, stock market crash explained, when will the market crash, when will the stock market crash, stock market crash predictions, oil market crash, oil market collapse, bond market crash 2017” https://www.youtube.com/watch?v=apooy6jvQzc+ 2) #RickRule at #PDAC 2017…”We’re about a third the way through this Bull Market”… Mar 22, 2017 - Mining Clips https://www.youtube.com/watch?v=pX52nQYDwf0+ 3) #RickRule: Weakness In #Gold Equities Has Me Very Excited POSTED ON MARCH 26, 2017 BY COLLIN KETTELL http://palisaderadio.com/rick-rule-weakness-in-gold-equities-has-me-very-excited/
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@Excelsior $ORA $ARMZF Aura Minerals Announces Fourth Quarter and Year End 2016 Financial and Operating Results and 2017 Guidance (Marketwired – March 24, 2017) Highlights: > #Gold #production for the fourth quarter and year ended December 31, 2016 was 29,145 ounces and 122,760 oz, respectively > Cash cost per oz of gold producedfor the fourth quarter and year ended December 31, 2016 was $847 per oz and $846 per oz, respectively > Income of $20,353 or $0.62 per share for the fourth quarter of 2016 compared to a loss of $11,886 or $0.42 per share for the same period in 2015. Income for the year ended December 31, 2016 of $19,020 or $0.64 per share compared to a loss of $14,479 or $0.56 per share for the same period in 2015 > A non-recurring gain on #acquisition from Ernesto /Pau-a-Pique (“EPP Project”) of $19,886 (before tax) is included in the income for the fourth quarter and year ended December 31, 2016 > On June 23, 2016, the Company completed the acquisition of asset and liabilities of the EPP Project from Serra da Borda Mineração e Metalurgia S.A., a company affiliated with Yamana Gold Inc. for a total consideration of $9,597. > During 2016, the Company announced the results from the NI 43-101 #FeasibilityStudy for the EPP Project. Highlights include an average gold production of 41,000 oz per year over approximately 5.8 years, an initial CAPEX requirement of approximately $17,300 (partially funded by the Yamana Debt Facility), including working capital and contingency, a net present value at 5% after tax of $39,500, and an internal rate of return of 77%. Subsequent to the year ended December 31, 2016, the Company filed the NI 43-101 Feasibility Study for the EPP Project” https://www.juniorminingnetwork.com/junior-miner-news/press-releases/585-tsx/ora/30587-aura-minerals-announces-fourth-quarter-and-year-end-2016-financial-and-operating-results-and-2017-guidance.html
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@MiningBookGuy @Finanzr - lol, i agree with both your comments on $TGZ! Richard Young can put you to sleep...but at the same time, I think he's very good at explaining the strategy, and it really is my favorite mid-tier to 'accumulate' right now (though i haven't been accumulating because i'm finding to my opportunities in the exploration space!) @Excelsior - thanks for posting your thoughts and the link! Funny...you and @Finanzr are going in the same direction i was already planning to with an ~AUfrica rant...i will get to that in a few minutes, and many of those posts will hit the $TGZ room
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@MiningBookGuy $TGZ - in my video, i talked about $TGZ being a 'wildcard' with potential interest in $SWA. The thing is, the biggest 'negative' of an $EDV $ACA.L merger could have been the LACK of a bidding war for $SWA (and $SCA for that matter). They just would have been 'scooped up' by the combined entity, with no room for a competing offer. I had to mention $TGZ because it 'made sense'. But what I could have seen happening would have been a nice return for $SWA shareholder (and it happening VERY quickly). BUT, the power/leverage would have been with the 'emerging mega- #Africa major of a combined $EDV / $ACA.L Now, $ACA.L is still in the driver seat...BUT, the dynamic is already VERY different. And IMO, $TGZ has jumped from being 'wildcard' in this game to being the #1 potential acquirer of $SWA. Really, $SWA at it's current stage is an absolutely PERFECT fit for $TGZ! Some of you may have already realized this (btw, make sure to watch the recent video @Excelsior posted in the $TGZ if you want to know more)...but i must continue to emphasize the point myself. IF $ACA.L 'gives up' (and even if they don't...but they kind of focus energies elsewhere besides the #SouthHoundeBelt), $TGZ would LOVE to 'steal the show' here. #GoldenHill is the key...this was mentioned in my $SWA video. But I'll add that we should be seeing results as early as April from #GoldenHill exploration drilling.... ~AUfrica
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@Excelsior @MiningBookGuy - Amazing coverage of the #WestAfrica #Gold scene as it is continuing to consolidate. There were far too many points for me to respond to but everyone should spend some time and read through that series of posts to see how this failed $ACA.L $EDV merger (due to the export ban in #Tanzania) really changed the batting order of who may get acquired next by both of those companies as they move to diversify into different #development stage and #exploration stage companies, or other small to mid-size #gold #producers. I'd also bring up that $IAG $IMG Iamgold is tied up in their merger with $MXI Merrex gold at present, so they are likely going to sit this one out. The first 2 companies I though of once the news broke was $TGZ Teranga and $PRU $PRU.AX Perseus as potential new acquisitions for $EDV or $ACA.L to get their production profiles expanded immediately. Persus is more in debt and encumbered with poor operational results at current gold prices, and is still a bit tied up with their Amara acquisition. $TGZ is solid, and really cheap at present, so if either of the big boys grabbed the next logical mid-tier it would likely be Teranga. However, the next thought I had after reading the deal fell through, was that $SWA Sarama or $SCA may get aquired by $TGZ to consolidate the #SouthHoundeBelt and compliment their Golden Hill project. In that recent $TGZ video posted from the #SwissMiningInstitute conference, they unpacked their increased efficiencies at Sabadola, their ramp of #development at #Banfora and then they went through their 3 other main #Exploration targets. Clearly, Golden Hill is the one they are putting their focus on, so it could make good strategic sense for them to acquire $SWA or $SCA to lock down more property in that area. It wouldn't be fair not to mention that $ROG Roxgold is also right there in the thick of the action in the South Hounde Belt and could also be a wildcard acquisition for $ACA.L or $EDV, or $ROG could surprise us all and be the company that does the acquiring of $SWA or $SCA. Another thought I had recently is that since $SCA is a Ross Beaty company and so is $ORG, I also wouldn't rule out those 2 being consolidated in his #Africa land grab. We haven't discussed $AKG Asanko or $SMF Semafo yet either, but they also may do some acquiring or $AKG may also get acquired by $EDV or $ACA.L. I'm actually surprised no other companies have made a move on $AKG or $ROG yet, and this brings up the point that there is also room for another large #Major or #MidTier Gold #Producer to decide to diversify into #WestAfrica and get in on the action. (I would NOT rule out a market surprise from another Senior miner coming in and locking up some of these projects). Lastly, it is important to bring up some of the MOST LIKELY candidates for #takeover or #takeout in #WestAfrica - those being 1) $HUM.L - Hummingbird Resources 2) $AVK - Avnel Gold 3) $ORE - Orezone. Since the deal with $EDV and $ACA.L is off the table, I could see both of those larger companies going after one of these 3 #Developers who are so much closer to #production than the earlier stage #Explorers. *** This is definitely going to be an exciting 1-2 years in West Africa where we'll likely see the number of companies consolidated down substantially in an #acquisition frenzy. Bring it !!! ~AUfrica
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@Excelsior #Korelin Economics Report - Saturday March 25, 2017 #GOLD STUCK IN LIMBO WITH THE US ECONOMY CONTINUING TO STRUGGLE "This weekend’s show focuses on hard data for the US economy and the main drivers in the gold price. Even though gold garnered a buy on Wednesday and has stayed above the $1,200 mark it remains in “no man’s land” as George Gero says in segment 7." > Segment 1 & 2: Kicking off the first two segments I have #DanOiliver the Founder or Myrmikan Capital based in New York. We discuss the history of #CreditCycles and where the US is currently. In the second segment we look at the #gold market and what could drive prices in the future. > Segment 3: #ValentinSchmid, Business Editor of the Epoch Times weighs in on the fact that the US #economy has not improved. > Segment 4: #AdrianDay, Founder of Adrian Day Asset Management shares his views on how to invest when #InterestRates are rising. > Segment 5 & 6: #RickRule joins me for the first two segment of the second hour. We discuss the change in central bank policies around the world and how this will impact the #PreciousMetals and other resources. > Segment 7: #GeorgeGero, Managing Partner at RBC Wealth Management updates up on the #OpenInterest in gold and why he does not like the fear trade driving the #gold price. > Segment 8: #BrienLundin wraps up our show further discussing the fear trade into #gold recently. http://www.kereport.com/2017/03/25/gold-suck-limbo-economy-continuing-struggle/
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@Excelsior @Brendan - We got that #WestAfrica mega-merger all mapped out over in the ~AUfrica panel. :-)
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