The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@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.
@HRA-CoffinI 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".
@HRA-CoffinFor 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.
@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
@CautiousNowI 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.
@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.
click to invite
@PamplonaTraderRe $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.
@HRA-CoffinSorry 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.
@HRA-CoffinProspective 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.
@HRA-CoffinNice 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.
@HRA-CoffinBTW = 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
@HRA-CoffinAnd 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.
@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.
@HRA-CoffinThe 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.
@HRA-CoffinMark 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.
@HRA-CoffinPretty 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
@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.
@HRA-CoffinYes 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.
@HRA-CoffinI 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.
@DJSThanks @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
@HRA-CoffinI'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. $ADZ
@HRA-CoffinThe vote isn't going to do the "Trump reflation trade" any good though, if the story is true I actually agree with The Donald for once. Healthcare not the best opener for his first legislative session. That's like saying "Why don't we do an abortion vote in the house, to get our approval numbers back up?"
@Markedtofuture$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.