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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
A long shot forward re $LMC-H and a possible interest in $OCO ‘s Xochipala project in Mexico.Yesterday LMC filed the NI 43-101 technical report for Los Filos, the Mine that Giustra's newco purchases. Page 1-11 shows the drill locations of all what $G has done on Los Filos, 28 holes for approx. 6.500m. As we know, $G drilled on OCO's claims believing they held the titles, OCO won the case in court some years back, results were never disclosed. Page 1-11 of the NI 43-101 show the locations and the Xochipala concessions. Page 7-23 is even more detailed and gives some short hints towards the fact that the drilling did not achieve its primary objective: “The initial results of the mineral exploration showed that the economic mineralization present in the area does not display lateral and depth continuity, as found in the Los Filos and Bermejal deposits.” However, whereas $G was more interested in the ongoing operations of Los Filos LMC wants to improve mine life and economics and mentioned in their acquisition announcement "...Additionally, there are several exploration opportunities within the area of current operations that could extend mine life..." Page 1-34 reads: “1.23 Exploration Potential Exploration potential in the near term includes extensions to mineralization currently mined in the Los Filos Open Pit and Bermejal Open Pit. Additional exploration potential remains around the Los Filos intrusive body and in the Bermejal-Guadalupe corridor, particularly in the vicinity of the southern extension of the Bermejal intrusion. The Bermejal Underground deposit remains open on strike and to depth and will be the focus of drilling in 2017.
The Xochipala area to the south of the Mine property also retains exploration interest.” This is repeated on page Page 25-2 again.
OCO has 2 million in the bank, GGA shares worth around 700k at the moment and a market cap of around 3 million CAD and a minor production royalty on Cerro Prieto from GGA if Gold notes above 1250. I would not be surprised if Giustra and his team would atsome stage approach OCO for a deal.
@Fischlaender$CGP what is most astonishing is that this jump is happening on such low volume, especially considering how many shares the co has on issue. So there do not seem to be too many penny flippers in it but stronger hands.
@Fischlaender$JG while those impressive figures seem to be historical from the Japanese state mining authorities they highlight the potential and I am very curious what figures the JG geos have come up with (assays pending). $SA remains the more conservative option to play JG with additional upside through $TETH and $OSK positions that SA holds.
@Fischlaender@BS$SA as far as I know has de facto exited from Indonesia in return for NSRs etc. From the last presentation: Indonesia
• Memorandum of Agreement signed with key partner deliverables:
–Approval of EIS and FS for small-scale mining venture and 20-year exploitation IUP
–Artisanal mineral production from epithermal veins 25% of net profits to Southern Arc
–Southern Arc retains a 65% interest in the deeper gold and porphyry rights
• Project advanced to commissioning by new owner
• 5% NSR on gold production
• Potential “area play” property adjacent to Newmont’s Elang Cu-Au deposit
• 3% NSR on minerals production
@BS@Fischlaender that's why I was wondering. $SA was basically a #prospectgenerator, that became a holding company, with some small stakes, royalties, but mainly shares & cash. Their expertise is in early stage exploration, so they may go back to that now, with their focus not being on Japan or Indonesia any more. Any thoughts?
@Fischlaender@BS I am not so sure they will go back and get their boots dirty themselves for $SA any longer. Lots of the management is heavily engaged in other companies. So they might just leave the co as a funding and participation vehicle. Imho they should dividend out all their holdings to existing shareholders.
@Fischlaender$JDL$LGC if the over-allotment is drawn they will have effectively tripled (!) the originally planned financing (which was 27 million if I remember correctly). Assuming the overallotment is drawn the combined newco TREK will then have an almost 120 million CAD warchest.
@Fischlaender$wcb Shareholders get the equivalent of 0,11 CAD per share in GBM shares at today's prices. But GBM makes a sweet deal as they only pay around 7million CAD for 1.7mio Oz that WCB has defined so far. Imho overall a great win-win. With the caveat that it will be only ASX listed if I understood correctly...
@Fischlaender$MON with a nice little bump today. Partner Ovation Capital has until 12 March to finalize a BFS on the PHOSCO project in South Africa in order to earn 30% of the project. If the numbers add up, this should be a turning point for MON.
@Fischlaender@Allan, your private investment strategies aside, if you really put money into a gamble like $NDM and publicly announce it here while you were only willing to buy I think 6k CAD of stock in the company that you manage I really wonder where your priorities are...
@Fischlaender$SMD@JamesKwantes spot on, special general meeting to vote on Trifecta spinout 21 April. Punchlines: "Strategic will distribute most of these Trifecta common shares to Strategic shareholders on the basis of one Trifecta common share for each four and one-half (4 ½) share of Strategic held. Upon completion of the transaction, Strategic will retain approximately 9.8% of the Trifecta shares then outstanding." Question is, how many shares does SMD keep that would then constitute 9.8% of then issued and out..? I assume somewhere between 2.5 and 4 million giving Trifecta a float of somwhere between 25 to 40 million. And not to forget, $MEK has an option agreement with Trifecta for a Yukon project on which MEK can get up to 10 million Trifecta shares in return for Trifecta earning 75% of the project.
@Fischlaender@Vaughan Hi there! Was on leave for 2 weeks skiing with the family. $RYR, it's about time they start moving. But at the moment the market is funny, $GOLD moving up and the explorers are trailing behind. I have quite a bit of expoisure in a lot of microcaps currently, $MEK, $BEX, $OCO, $SA, $MON, $ANG, $GBR to name just a few.
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@stratanicThx for list microcaps realy good share/mrkcaps
@Fischlaender$WHN as per the March 2017 presentation http://westhavenventures.com/_resources/corporate-presentation.pdf is fully financed and permitted for drill testing Shovelnose priority targets. Pages 18/19 outline what they plan to do: 4 holes around 350m vertical to target a potential feeder zone as they interpret all the widespread low grade near surface to be indicative of a low sulphidation epithermal system. Small market cap, low float, will be worth a gamble for the drill speculation, but they need to hit to sustain or else there will be another cheap financing.
anonymous@Fischlaender are you still in $WHN? I bought after u sold last year and held on for a short time. I broke even. I've been watching this for quite some time but ... just nothing happening. This channel is extremely dead with maybe 3-4 people everyone once in a while having a gander. But its still my @Bonuspickshowdown pick so heres hoping :)
@Fischlaender@reddotanon Correct, I had sold out $WHN before the winter doldrums but I still like the project (and the team first of all) so I started buying back now, albeit so far only a small position.
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@Fischlaender$opw bought a chunk between .055 and .06. For this market cap now this is imho a safe base and with another targeted drill program and especially if it is based on some interesting results from downhole geophysics.
@Fischlaender@JAmesKwantes$SMD Trifecta has optioned a Yukon property from $MEK ('Squid') where they can earn in 75% for cash, exploration plus up to 10 million Trifecta shares. Also the 750k they got from SMD are not going to last long, I guess they will do a pp for somewhere in between 10-15 Cents for minimum a million. FD including warrants Trifecta would then stand somewhere at 50million, still not bad, but the 22 million figure is really just a snapshot. Just imho though.
@FischlaenderCalma Cheffe, I for my part like the report and if you are that/dead confident about the content and ADZ's potential (which I think you more or less openly confirmed) then I will be very happy riding this stock and not sell any of my current 500k pieces for the time being.