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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.
@MiningBookGuyMineAfrica at PDAC - March 5-8, 2017 http://www.mineafrica.com/MineAfricaatPDAC/mineafricaatpdac-about.htm#events
Partial Quote: "Tuesday March 7, 2017, 07h30 - 11h30, Sheraton Centre Toronto Hotel The morning opens with a networking breakfast with an opening address by His Excellency Professor Alfa Oumar Dissa, Minister of Energy, Mines and Quarries, Republic of Burkina Faso and a keynote address by John Dorward, President and Chief Executive Officer, Roxgold Inc., followed by concurrent presentations by African Mining Ministers, mining companies, and advisors to the mining industry (law firms, engineering firms, consultants, etc) in four seminar rooms." #BurkinaFaso$ROG#Africa#PDAC#MineAfrica#index~AUfrica
@MiningBookGuy@bullmarketmove - forgot to comment on your recent posts. can't wait for the #RickRule interview! the last 2 were fantastic :)
also, great call/exposure you provided to $GXU. will be interesting to see Rick's comments on this one...I missed buying it so far. but very interested to see if they get the timing just right to turn this into a #uranium mine when the 'uranium bull' is (likely) full strength in a few years!
@MiningBookGuy#TheMoneyGame follow-up question:
So who HAS read this one?? I've talked to a lot of people familiar with 'finance'...very, very few have any awareness of it. I'm very interested if anyone has read it and where they rank it on their own lists.
@bullmarketmove@alan@ggallant -- you guys will like this one if you haven't read it yet! :) #mbgtrends
@MiningBookGuy@wannabeinvestor@Jayfire@FundamentalAnalysis - first of all, see the original NR detailing the acquisition of these properties by $AQI.ax in 2012: http://cdn.ceo.ca/1ca9lpo-2012_12_AQI__getting_Guyana_Projects.pdf
(*note - let me know if above uploaded link doesn't work)
#Guyana was NOT at all a hot place to be in 2012. It still isn't...but it's definitely getting there with stories like $GUY and $SSP.
I absolutely think this is a case of 'perfect timing' by $AQI.AX to snatch up these properties on the cheap (keep in mind they also got Tassawini which is more advanced but never discussed, likely because it's not of interest to $ABX). Not only was $NEM pulling out from various global exploration stories. But I believe the junior that $NEM was doing a JV with (Takara Resources) was really struggling at the time. It was just a matter of $AQI.AX being opportunistic.
@wannabeinvestor - I would not at all undervalue $ABX earning-into Arakaka. Despite the disappointing 1st year results, they are going at in the 2nd year, and very possible we see results that are on par or better than some of the excellent historical results listed in this 2012 NR. $ABX has very few JVs...they are only looking for 'elephants', and no reason to believe they have changed their minds going from Year 1 to Year 2.
If anything, I think this is easily the best risk/reward in #Guyana. We aren't even discussing Ianni, which is very prospective in its own right. BTW, I think it's laughable to compare $AQI.AX with $LAT ... very few early stage exploration stories have the amount of historical work and prospectivity that $AQI.AX has. Many, many prospective targets that have not been drilled yet...if $ABX pulled out after Year 1, very likely they would have been replaced by another partner in a heartbeat.
I own shares and very biased. But want to be crystal clear that there's no 'funny business' with the $NEM pulling out and $ABX replacing them as $AQI.AX partner. This is the real deal.
@FundamentalAnalysis@MiningBookGuy I still think its important to establish....how many deals $ABX has of this nature. Remember this is just a fraction of $abx cashflow.....they see potential but its probably a long shot for them too. I'm still curious as to why Newmont pulled out. Unless they had better elsewhere. Good to see defined resources however....that plus the $ABX financing should give the company support however.
wannabeinvestor@MiningBookGuy, many thanks. I guess what I am saying is I prefer explorers with established resource and 'proven' potential to add oz as opposed to embryo-like explorers. I am sure ABX know what the are doing, but I am willing to pay up for the likes of NHK, BTR, etc since somehow I think there is less risk (potentially less reward, too).
@MiningBookGuy@Chops - did you read the details on the $SWA warrants NR? i think this might be a clever (but awkwardly worded) way to save time/effort AND for it to be less dilutive than some alternatives.
i need to run and think about it a bit. but if no one else chimes in, i will give more detailed points by tomorrow morning at the latest. running behind on some other posts too, busy day...
@FundamentalAnalysis@MiningBookGuy@Chops I like the deals, its a clever way to force more money in at a sensible price (small discount to today) at no cost in terms of broking fees etc. As a buyer between 14-17c. It gives 20c a base line share price for the company.
@MiningCatalystIt took me more than two years to find the right path for the MiningCatalyst brand. I spoke to several people, investors, funds and pro's who gave excellent input and brought me new ideas (special shout out to @miningbookguy for all the feedback and ideas). I switched paths and ideas more than I care to admit. It began with writing articles on CEO.CA on upcoming catalysts on different companies. I noticed there was a lot of interest in the idea of outlining upcoming catalysts. So began the idea to launch some kind of service to provide investors with information on upcoming catalysts.
So after two years of hard work I'm proud to present you (with @tommy consent) that my website http://www.miningcatalyst.com is finally online (it needs tweaking and improving tho) and that at the end of the month I will launch my first of three newsletter/email services called Drill Plays #drillplays. It will be a daily mail service that will provide you a quick overview of the current drill programs. Preview: http://cdn.ceo.ca/1cac5ib-Preview%20Blurred.jpg+
You can subscribe here so you don't miss the first mail!: http://www.miningcatalyst.com/#subscribe
For questions, input or feedback you can send me a private message or mail me at firstname.lastname@example.org
@MiningBookGuyBarrick Supports Acacia-Endeavour Merger If Good for Investors http://www.bloombergquint.com/markets/2017/02/16/barrick-supports-acacia-endeavour-merger-if-good-for-investors-iz8qziz7$ABX$ACA.L$EDV#Africa#index
[Acacia and Endeavour remain in “preliminary discussions” about a merger, Barrick President Kelvin Dushnisky said Thursday in a phone interview. “From Barrick’s perspective, if there was a deal to be made that made sense for our shareholders, we’d be supportive.”
Shares in Acacia soared last month after Acacia confirmed it was in early-stage talks with Endeavour on a tie-up that would create a company with a combined value of about $4 billion.
Barrick is not actively seeking other buyers for its Acacia stake, Dushnisky said Thursday. The world’s largest gold producer would be “open-minded” about any unsolicited offers for the asset, Dushnisky added, declining to say if Barrick has been approached.]
@MiningBookGuyRE: https://ceo.ca/mbgtrends?d8590227dca6 - thanks @Jayfire for posting this, and thanks @TheNextBigRush for publishing another recording we did...I forgot about this segment! I went a couple minutes longer than I wanted. But very relevant info for both $AQI.AX and $AU here (even though I didn't mention $AU). Even a quick mention of $NRN at the end...I think I got my point across on why we can sometimes justify higher valuations when there are no 'ounces in the ground' yet. Makes for a good discussion point! #mbgtrends
@MiningBookGuythanks @bullmarketmove@alan on #TheMoneyGame, and really hope you enjoy! It would be a fun book to discuss. You are the only 2 that have responded to me on this so far. For being a true 'best-seller' in the late-1960s (and a classic 'must-read' as well), it's incredible how forgotten this book is!
@MiningBookGuy$WAF$WAF.AX - West African confirms Sanbrado as +150,000 ounces per annum gold producer by 2019 http://www.asx.com.au/asxpdf/20170220/pdf/43g3k1shp7r36f.pdf#gold#BurkinaFaso#WestAfrica#Africa#index
Some of the Highlights:
All amounts stated in US dollars. Base case is stated on a 100% project basis at $1,200/oz
Sanbrado open pit feasibility study confirms:
Forecast annual production of 150,000 ounces over the first 3 years of project and 93,000 ounces per annum over 9 years of current mine life (LOM)
124% increase in Indicated Resources at M1 South, driving new project economics
103% increase in Probable Reserves now 894,000 ounces (16.8Mt at 1.7g/t Au)
Two year pay back on $131 million capex (including pre-production mining and contingency)
Low All-In Sustaining Costs (AISC) of $708/oz over the first 3 years and $759 over LOM
Strong economics - pre-tax NPV5% of $143m, IRR 27% and post-tax NPV5% of $100m, IRR 21%
@MiningBookGuySome additional $WAF$WAF.AX quick comments from me:
-nice early production...but really, this is just below 100k oz/year life-of-mine production. which is fine, but the 150k oz/year headling is pushing it, IMO
-i like it that they use $1200/oz gold as a base case, and that it seems to work (few projects do that this price). but at this market cap, seems fairly valued to me...yes, there is upside, but 5% NPV is NOT conservative, and i think this implies there's a lot more work to do before an acquisition (assuming gold prices stable)...
-leading to past point: i think it's very odd that this is now called the "open pit feasibility study", and they are immediately working on a "optimised definitive feasibility study". originally, i assumed (perhaps wrongly), that THIS study was going to be the game-changer, and full financing and/or acquisition could immediately follow. Now I'm thinking they are front-running these results (realizing while 'good', they are definitely not 'great'), and going for a homerun by incorporating more deeper high-grade. This COULD work out fine. But to me, it makes for a riskier proposition as a speculation.
-while I'm glad i did NOT speculate on this in the last few months (while still wishing I DID a year or two ago), I am going to continue to hold off and watch closely. I hope for the best for $WAF, because it will be good for everything in #BurkinaFaso. But overall, this is "slightly-to-moderately" disappointing for me. Still, I need to read this NR much more thoroughly, and listen to the conference call which is happening soon (i'll try to listen to a replay later).
@MiningBookGuy$PRU$PRU.AX - Perseus updates mineral resource estimate at Bele http://www.asx.com.au/asxpdf/20170220/pdf/43g3khzj359q0f.pdf#gold#IvoryCoast#WestAfrica#Africa#index
The updated global Indicated Mineral Resource for Bélé, estimated as at February 2017, is estimated as 1.90 million tonnes grading at 2.0g/t gold, containing 130,000 ounces of gold. A further 0.42 million tonnes of material grading at 1.8 g/t gold and containing a further 25,000 ounces of gold are classified as Inferred Resources.
The gold contained in the combined Measured and Indicated Mineral Resources of Sissingué and Bélé is now estimated to be 830,000 ounces of gold which is less than 6% lower than the original Sissingué estimate of 880,000 ounces of gold.
My Note: this is attempting to compensate for the downgraded Sissingue resource in a recent NR. There is definitely significant exploration potential as noted by the CEO in this NR.
@MiningBookGuy@FundamentalAnalysis@Vin - sorry for taking a while to write back. but these are both EXCELLENT responses!
I had a great call with the $SWA CEO Andrew a few hours ago. (*NOTE - keep in mind everything in this post is my interpretation) Your points are supported. In addition, those additional 'half warrants' at .35 CAD are like having an 'additional raise' WITHOUT having to put in extra work AND it's almost like doing a raise at 0.40 CAD with NO warrants, because usually doing this would have ~10% or so brokerage fees and some type of warrant attached. So to @Vin's point, this could lead to total of ~3M CAD, assuming all money is raised.
With that said, I get the impression about half the 'original' 0.20 CAD warrants have a 'high probability' of being exercised early. Assuming ~5M warrants exercised, that's ~1M CAD. This would likely be Sun Valley, all of management/director warrants, and a few others. But there could still be more than this...we'll likely see an announcement by March 10th, the date listed in the NR.
In addition, @chops should take note that $SWA COULD have raise more last year via this placement: @marketwired/sarama-resources-announces-private-placement-to-fund-exploration-program-in-burkina-faso
This was at 0.15 CAD with half-warrants at 0.20 CAD. By all measures, this current 'warrant incentive program' is less dilutive. AND it allows flexibility for $SWA to raise via a new private placement at a much higher price, IF there is a price spike in the coming months (maybe at 0.30+ CAD).
So overall, I think this is an EXCELLENT piece of news, making sure $SWA is well-funded in an efficient way. And I finally gave this NR thumbs-up after full confirmation :)
@MiningBookGuyHere's an EXCELLENT post from a very private ceo.ca friend who gave me permission to re-post it, very fitting for the ~AUfrica panel!
Referring to #Africa:
[It's a massive continent, loads of risk/opportunity, many geographies, religions, political and cultural differences. You can't learn enough to be an expert without following closely a lot of moving parts, but I think many N.Americans and European investors still are only vaguely aware of what is going on. The former colonizers left a deep mark in many places and some of the negative history has followed them home as it is intertwined with their own.
The last decade of 'silent' Chinese and Japanese investment will soon bear fruit for (hopefully) everyone. I think generally Africans want to build up the continental infrastructure, even though there is a clash of powers, and the Asians are perceived more as partners than 'occupiers.'] #Opportunity
@MiningBookGuy@nicholaslepan RE: $BTO - hmm ok, i thought that might have been a typo. not sure about further context on the ~50koz. maybe just the 'ramp-up' stage?
anyway, worth noting at expected ~350k oz/year (& possibly higher), #Fekola easily the most impressive upcoming mine anywhere in the world (all factors considered, size+margin+further exploration potential): http://www.b2gold.com/projects/development/fekola/
"The mill capacity increase could potentially raise annual production by up to 20% (subject to mine planning), surpassing initial Feasibility Study projections of approximately 350,000 ounces of gold per year for the first seven years of operation." #Mali
@MiningBookGuy@nicholaslepan RE: $BTO - ah ok thanks, didn't see that NR, and ~50k must be related to 'pre-commercial production':
"2017 outlook provides for forecast annual consolidated gold production of between 545,000 and 595,000 ounces, forecast cash operating costs of between $610 and $650 per ounce and forecast AISC of between $940 and $970 per ounce (including expected #Fekola pre-commercial production of between 45,000 and 55,000 ounces)"
@MiningBookGuy@murat - i might have just messed up some tags that duplicated a post started in #Tethyan. not sure if there's any easy way to delete the duplicate post in the various rooms (i must have made an error editing). if you can, that would be great, thanks. #feedback
@MiningBookGuy$RGD just hit new recent high at 0.14 CAD. Quick shout-out to @JoeMichel@Samson@ARIMA. I reached out to them as purely to help me with $RGD DD. we did a little private room, and it was essential for helping me build a position between 0.035-0.05 CAD.
Not necessarily saying $RGD is a good buy at these levels (i've sold some on the way up, now taking a 'free ride'). But I am saying that sometimes the best way to do DD is just to reach out to others (I didn't know any of these guys before this), and this will lead you to #opportunity! IMO, one of the best lessons for CEO.CA #newbies :)