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@Highheat @HRA-Coffin I'm surprised doubt Trump Eric. I don't think Trump has anything to do with the death of the reflation trade other than perhaps he's not as good a liar as Obama. America hit the iceberg about 4 years ago Trump was promoted to captain about 60 days ago.
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@HRA-Coffin I don't know if StargateII is legit or not @Vaughan. A couple of guys that have drilled their targets have told me its uncanny how good they are at spotting changes in rock type, etc, even at great depths and picking up alteration. Whether they spot actual gold zones I don't know. I do know that the area where they spotted a target for $ADZ also has coincident VTEM/geochem/mapping and pH anomalies so Mark is comfortable about it, and StargateII "saw it first".
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@HRA-Coffin There ya go...
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@Vaughan @Stargate2 sounds confident @HRA-Coffin, and that is good enough for me right now.
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@HRA-Coffin For me its the new model and new targets. $ADZ is only starting to get that across to people. I don't know anyone who looked at Mark's new targets and didn't come away very impressed and likes the fact he's got multiple shots here not just one or two.
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@HRA-Coffin If you don't know how to trade a drill play anon -and what you just said tells me you don't - you should probably stay away. $ADZ
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@zadman @HRA-Coffin time for a promotional piece out to the masses to lure in those who weren't smart enough to subscribe to your newsletter ages ago! Get er done Mr. C! $ADZ
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@MartinTurenne @criticalInvestor asks a good question re: Glencore selling zinc assets, and @hRA-Coffin provides a good answer. but why would Glencore choose to sell the assets at this particular point in time? Does this tell us anything about where Glencore thinks the zinc price is headed? If they thought the spot price was headed sustainably up from here, wouldn't they hold on to the assets longer? Bit of devil's advocate on my part, so don't get too mad at me, @theGalvanizer
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from ~zinc,
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@CautiousNow I think the analogue to $NRN made by @HRA-Coffin and presented by @tommy with respect to $ADZ is in the context of a potential sized scale play that is a rational roll of the dice because of the risk-reward profile. That the $NRN results (to date) have been much less than had been hoped is not indicative of either the pre-drilling analysis of $NRN as having been without a logical basis or having been a "pump job" by the writers or NRN management. That being said, I suspect that a number of us that fell a bit too much in love with the potential upside of $NRN will be much more disciplined with acquisitions of $ADZ and be very diligent about taking money off the table at an appropriate time.
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from #nrn,
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@racker Metals Investor Forum May 5-6 in Vancouver hosted by your favourite newsletter writers @hra-coffin @resourcemaven @joemazumdar @thedailygold @Jkaiser and @jaytaylor. Free RSVP link https://www.eventbrite.ca/e/metals-investor-forum-may-2017-registration-30097937742?aff=hra #events
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@Hugh @HRA-Coffin Eric, are you planning on a doing a MIF in Vancouver on the Fri/Sat the two days just before the Jan 2018 VRIC? Thanks.
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@PamplonaTrader Re $EMO - using a 3% Zn cut-off, Masa Valverde is 12Mt @ 8.5% ZnEq for 2.25 Bln lbs. Also using a 3% cut-off, $RTH Olza is 18.8Mt @ 8% ZnEq for 2.65 Bln lbs. Calling Masa Valverde a 100Mt #zinc deposit is a bit misleading. Having said the above, I agree with @TheGalvanizer and @HRA-Coffin, the metal itself is more important than who finds and gets it out of the ground. Glencore doing the smart thing by avoiding operating risks and securing off-takes. Cambridge's 1.5% NSR can be bought down for roughly the amount Emerita is paying Glencore to acquire the project.
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from ~zinc,
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@HRA-Coffin Sorry to hear about your sister's stores @dirkdiggler. I have huge respect for people that are willing to take the risks and put in the time involved in building their own business and always try to favor local small businesses when I have a choice. Hope things work out for her.
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@dirkdiggler Oh they're set up from owning their houses outright + gov't and corp pensions @HRA-Coffin. I just need to pay for the odd lunch myself is all.
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@HRA-Coffin Prospective miners hate streaming deals in part because potential acquirers hate streaming deals. They view them as being the equivalent of a large royalty that adds to fixed cash costs. I think royalty/streaming companies that were active two years ago will end up looking smart (if the individual deals were) but in a better market they will find themselves overpaying. Juniors with projects that look viable will be asking for the moon because they know putting a stream in place makes them a much less appealing takeover target. I know for a fact, for instance, that $GQC has had basically every streamer on the street trying to do a deal on Romero. Bill has turned them all down because he feels when the time comes to do a financing package he wants maximum flexibility as he will be shipping a copper con. He thinks he'll get a better offer with less strings, or at least strings he's not worried about, with a smelter at that point as he's got clean concentrate to sell.
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@HRA-Coffin Nice to see that $REG news. I emailed John yesterday basically asking "you ARE going to start drilling this quarter right?" Peru can be a challenge and he has so many different local actors he needed to nail down agreements with. Glad to see that finally underway and the Corescan deal is a typically smart move you'd expect from John Black. He knows how to build a data room that has the majors falling all over each other to make a bid.
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@PamplonaTrader Thanks for sharing your thoughts on $REG @HRA-Coffin
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@MiningBookGuy Eric Coffin’s Stock Picks and What He Thinks Resource Investors Need to Do in an Early Bull Market https://smallcappower.com/top-stories/eric-coffins-stock-220317/ @HRA-Coffin $VTT $ADZ $SMN #PDAC #PDAC17 #PDAC2017 #SmallCapPower
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@HRA-Coffin BTW = waiting for them to get back with confirmation but $REG should be making a rare public appearance at my Metals Investor Forum on May 5th and 6th. John told me in January he wanted to do it which was a relief back then. He wouldn't be talking about it unless he was pretty comfortable the drill would actually be turning. If you want to attend here is a link. Fairly high RSVP numbers already and we only started inviting so I wouldn't wait until the last minute. https://mifmay2017.eventbrite.com/?aff=hra
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@HRA-Coffin And at the same time broad retail/general public inflation expectations are near all time lows @Goldfinger One of those weird dichotomies that makes this a tricky market. Some really different world views sharing the same space.
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@Goldfinger @HRA-Coffin I am skeptical of public/retail inflation expectations at all-time lows. I know there are some surveys which indicate such, however, anecdotally most of the people I talk to are feeling this latest push up in consumer CPI.
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@HRA-Coffin The way $DDC is trading there will be a deal with someone. Shareholders are pricing it in. Management can act all offended but I think the large institutional shareholders will string them up if they don't to a deal now. And I agree with @ekim that $SWY doesn't look like that much of a prize to shareholders compared to a clean cash exit.
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@HRA-Coffin Bitch, bitch, bitch. It's all they ever do!
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@HRA-Coffin Mark has been trying to get the 12 cent warrant holders to exercise (I did, for what its worth) but, not surprisingly he wasn't having much luck until the share price broke through that level. He told me he knows of a couple of sellers today who will now be exercising. Not sure what they own but the timeline is known. Those warrants expire on Friday so they either exercise in the next 48 hours or lose them. I know $ADZ won't extend them. The board has made that decision already.
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@HRA-Coffin Ask Rick Rule anon. I think he can give you a list.
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@HRA-Coffin Pretty much @lukejackson. Company was on death's door a year ago and had to do a sub 5 cent placement to stay alive. Mostly bought by long term supporters of the company and management. The market and the company look a lot different now. $ADZ
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@HRA-Coffin Listen to @RocketRed - that boy knows a momo play when he sees one ;)
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@HRA-Coffin LOL @Goldfinger Oh Gartman....
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@HRA-Coffin I'm pretty sure I own $GIS from the pre rollback days. My average cost must be something like $928/share now. Things are looking up!
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@HRA-Coffin Hope you're right @Vaughan. @tommy got me all paranoid about it yesterday. Of course that was part of a pitch. No shame, that kid.
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@Vaughan I hope so as well @HRA-Coffin. Leaving the CG tax alone, or even dare I say lower the CG tax rate, would show JT has a basic understanding of taxation and economy.
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@HRA-Coffin No way they would lower it. I'm just hoping they leave it alone.
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@CautiousNow @HRA-Coffin Thanks for your insights, Eric. I had been one of the Antares shareholders, and had increased my initial position largely because of the comfort I felt with John Black at a Cambridge conference. I have a lot of faith in this management team after my earlier experience, and I believe that my perspective is shared by many of the former Antares shareholders. This one tends to be very thinly traded, so it's not one I'd be trying to save a cent or two on to fill my order. With this announcement, they are now set up for news flow. The pending news flow and the increased public profile will bring a lot of new players to the story and see many of the existing players look at increasing their position.
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from #reg,
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@bmonaghan @HRA-Coffin $REG, like the story, own it @ $0.68. Met John at the Cambridge show in Jan, 2016, around $0.30 then. Was pitching him for work!
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from #reg,
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@HRA-Coffin Yes and no @DJS. You can't stake anonymously but you can, and people often do, have others stake things for them. All provinces I've ever dealt with require some variation of what's called a "Free Miners Certificate" which you need to show ID for when you buy it annually. It gives you an id in the system and allows the relevant ministry to have contact info so they can keep you up to date on your claim info or send notices or whatever. You have to have one to file claims either the old fashioned way or digitally. That said, most staking of both varieties of staking is usually done by professionals who can either stake on the ground efficiently or understand and can use the digital system easily. They usually stake and file in their own names then transfer the title later when they get paid. In theory the staker can and sometimes does keep the claims in their own name and its not unheard of for them to be holding them for a third party that doesn't want to be disclosed. Majors used to do that all the time when they didn't want others checking records and finding out they were interested in a particular area.
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from #nrn,
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@HRA-Coffin I believe the Quebec system is searchable by date and map sheet though I have never tried to use it. @Stargate2 may have found them doing that sort of search. Wouldn't be many claims in the area staked in the last 3 months or so.
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from #nrn,
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@DJS Thanks @HRA-Coffin and @Stargate2. Definitely some similarities and some differences. It sounds like miners use "Declarations of Trust" or similar documents which are common in the oil and gas world. These are legal agreements which differentiate between bare legal title (held by the agent) and beneficial title (held by the company that is ultimately footing the bill). Another difference might be the "volume" of leases posted by oil and gas companies vs the "volume" of claims staked by miners. If someone stakes that many claims in a rather remote area of northern quebec, it's not surprising that the likely low number of other claims staked in that area would allow you to identify the staking party with a high level of confidence. $NRN
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from #nrn,
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@Goldfinger "Quite realistic that we see $1.50/lb to $2.00/lb $zinc prices in the next 6-12 months." @HRA-Coffin
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@MiningBookGuy @Phoenix - thanks for the kind words! I subscribe to a bunch of 'free' newsletters just to get a better idea of what's going on. I have done trial 'paid' subscriptions before, and this is a great way to test-the-waters (and you can consider a trial for some of these as well, depending on how they go about it...some have 'official' trials, and some you can just pay for 1 month). here's a good starter list: https://thedailygold.com/ - great free content here. this is @TheDailyGold https://resourcemaven.ca/ - free trial here, and i enjoy the free content right now. This is @ResourceMaven https://hraadvisory.com/ - a CEO.CA favorite...I think there's still a 'cheap' trial for the paid version. importantly, @HRA-Coffin is a regular contributor at CEO.CA and you should subscribe to him at CEO.CA https://explorationinsights.com/pebble.asp - not as much for 'free' here...but definitely take a look at the free content on the site. this is a top 'paid' letter for many people. http://www.goldinvestmentletter.com/ - this one is a good example of a less well-known letter. i like the free content here, and some of the unique articles. https://secure.kaiserresearch.com/s4/Home.asp - i don't subscribe to even a free letter here (not sure if there is one). but worth mentioning because it's another favorite #mbgtrends #newsletters
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from #mbgtrends,
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@Pete I would add Market Insights from mostly Rick Rule on http://sprottglobal.com more macro comments than actual stockpicks #mbgtrends
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@HRA-Coffin I'm hoping Mark gets a good haul from the warrants due today and next week. I have no clue how many are exercising though he told me that two or three of the "largest" buyers of the original placement three years ago have promised to do at least partial exercises and some smaller buyers already have. I think next weeks warrants mainly went to insiders of near insiders and most of those are expected to be exercised without attendant selling. Be nice to see him get the whole $800k though he can get started drilling with less and I don't think he would have any trouble doing a raise now if he had to. Still expecting more news on targets as they are still chugging through data and modelling. $ADZ
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from #adz,
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@HRA-Coffin That's what I like about you @Stargate2 you keep it grounded and understated....
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@HRA-Coffin @Goldfinger needs that irony font too @Murat. You really need to prioritize that...
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@HRA-Coffin Good point. Ok, just that sarcasm font for me then, @Murat
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@HRA-Coffin What was that name..I think it's named after a plant? Deadly Nightshade Resources? Hmm...no, that's not it...
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from ~zinc,
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@HRA-Coffin The vote isn't going to do the "Trump reflation trade" any good though, if the story is true I actually agree with The Donald for once. Healthcare not the best opener for his first legislative session. That's like saying "Why don't we do an abortion vote in the house, to get our approval numbers back up?"
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@HRA-Coffin No such thing as a non confidence vote in the US - president and congress are separate legislative branches.
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@ekim @HRA-Coffin I guess it is kind of ironic that so many layers of RED tape exist in the US political now and back when the cold war was on and RED meant communism.
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@Markedtofuture $ADZ @stargate writes: Buy now.....These prices will be history after first round of drilling.....The western target trend "Banana" has 15 million ounces written all over it from our modeling..... @HRA-Coffin - let's see if the market concurs with @stargate's grounded and understated modeling.
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@HRA-Coffin Hey, I won't complain if it does!
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