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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.
@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.
@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 $75 million revolving credit facility. Instead of maturing in May, the RCF will be extended by six months to November, providing the company with “greater flexibility to replace the RCF with a longer-dated term loan,” Primero says.
@Excelsior$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 $110 million available on our revolving line of credit, and we are working diligently to continue deploying our capital into accretive acquisitions that will add value to shareholders."
@Excelsior$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."
@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…”
@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
@ExcelsiorThis 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.
@ExcelsiorThe 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.
Swiss Mining Institute – Geneva Conference 22 March 2017 (Morning)
Mar 22, 2017 – Mandarin Oriental – Geneva (jump to 3hr:19mins:30sec)
@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."
@Finanzr@Excelsior Thanks for sharing! What I love about $TGZ is the fact that everything they are doing seems to be extremely solid and well thought through. Also looking forward to the catalysts in 2017. I believe below 1.20CAD is an extremely attractive price to add / build a position.
@Excelsior$ORA$ARMZF Aura Minerals Announces Fourth Quarter and Year End 2016 Financial and Operating Results and 2017 Guidance
(Marketwired – March 24, 2017)
> #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”
@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 $TGZ room
@MiningBookGuy$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
@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 !!!
@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.
@Excelsior@Brendan - Glad you brought up $RPM and $WKM . Rye patch went from having the #Royalty with $CDE Coeur on the Rochester Mine (which is still throwing off millions to them each quarter through 2018), to developing their Lincoln hill project & acquiring strategic land all around them in #Nevada (and right next door to Coeur - ding, ding, ding), to then buying out the Florida Canyon mine (from a private Asian company) which is currently in #production and ramping up Gold production.... This will allow them to feed the Florida Canyon mine from Lincoln Hill and Wilco..... and it is like nobody cares. (?)
As for $WKM West Kirkland - I am amazed at how cheap it is for a #development stage #Gold miner moving towards production, and that hardly anyone is discussing it.
I see them both as potential #TakeOver or #TakeOut targets down the road if things keep progressing like this and the marketplace doesn't give them any value for it. Some other Mid-tier may just like to have their assets on the cheap under their umbrella.
Also, if they do both get re-rated, then they may have a nice bump up during the next mining up-leg.
@Excelsior@FundamentalAnalysis - $RPM is going right into production because this Florida Canyon Mine was already producing, but the private Asian company that owned it didn't really understand mining and spend most of their money on a film & entertainment company. They worked things out with Rye Patch to sell it to them because $RPM does understand the mining industry and they were going to work towards #development on Licoln Hill anyway.
Their good fortune of acquiring and taking over this already built and permitted mine and equipment simply accelerated their timeline into #production. According to their March Corporate Presentation they'll be ramped up to commercial production by the end of June.
They now have the deposit surrounding the Florida Canyon mine that they will be expanding, and they'll eventually feed the mine with the deposits at Lincoln Hill and Wilco. It is turning into a district play with Coeur mining at Rochester, and Pershing Mining down below them developing their deposit.
As for $WKM - I like them too :-)
@MiningBookGuy@Excelsior - thanks for the excellent response in ~AUfrica! With your single post, you actually covered a wider range of companies than my multi-post rant! :P
I would say some important companies relevant to my posts that I'm glad you mentioned are $SMF and $ROG. In particular, $ROG is very intriguing to me, where the market cap is relatively high, and I could still see them becoming a mid-tier in their own right for the reasons you gave, using their shares to acquire someone on the cheap.
Also glad you brought up $AKG, though I feel like they would prefer to get acquired based on what I've seen the last few years, and they aren't in as strong of a position because of some negative sentiment on their deposits.
$SMF is very strong...the main focus is #Natougou. I don't want to comment too much on them at this time. But I will point out they have some interesting early-stage #exploration in #IvoryCoast that I'm sure most people aren't aware of. It will be interesting to see how much they attempt to diversity out of #BurkinaFaso, because most of their projects from #production to early-stage #exploration are in that one jurisdiction.
And I didn't even get into all the other 'advanced' developers you mentioned, nor some other interesting countries! But #Mali is definitely underrated, where I made some long posts that I know you saw with many, many interesting companies, including $HUM.L$AVK. And #BurkinaFaso has $ORE$WAF$WAF.AX among other projects I just mentioned.
I am fully supportive of the final note in your post, and glad you are as interested as I am in what seems to be a coming #acquisition frenzy! :)
@Jayfire@Excelsior Thanks for adding that point on "pure" silver producers. Yup, I added $IPT$ISVLF to my watchlist thanks to you as you were the first person to bring this name to my attention last year. I own shares of $FVI$FSM through a US only (non OTC) account, which made me think of some of the more popular NYSE listed name. But definitely if investors want a more pure silver play, $IPT$ISVLF is another name to be aware of and add to the list, in addition to $AG$FR and $AXR$AXU as I mentioned.
@ryleez@Excelsior@Jayfire- I'd like Alexco a lot more if it weren't for their streaming agreement with Silver Wheaton. Nevertheless, it's going to be a cash cow at higher silver prices. This has me looking at Metallic Minerals $MMG, which has property on the eastern border with Alexco's Keno Hill property. I know it's early exploration, but it's strange that $MMG's channel is relatively quiet.