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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.
@HRA-CoffinI staked in crap like that in the interior a few times - back when you actually staked things. Ridiculous. Vancouver Island almost as bad and there you really had to watch for falls since you were usually in second growth crap walking on old logs you couldn't see - until you stepped off and realized there was nothing but thin air below you. #notsofondmemories
@HRA-CoffinMark is on the project so no update from him on warrants but last I heard there were a "few hundred thousand" being exercised pretty much every day. I assume those are mainly the 10 cent ones that have a shorter fuse. $ADZ
@HRA-CoffinWell, Startgate may think he has the holy grail and Mark should drill two holes and done but that sounds crazy to me. $ADZ will have great looking targets, ok looking targets and meh looking targets. I like the idea of going for size same as Stargate but I realize that the best you can do before drilling is incomplete information. You have to make assumptions and guesses based on what you can see, the results (if any) at surface and geophysics and the fact its a gold project doesn't make it simpler. It's not uncommon that the mediocre looking target turns out the be the real deal. I like Big Banana a lot but I'm all for them ground proofing and prospecting and preparing as many targets as possible. It's nice to be confident but part of what I like about this deal is the knowledge they are going to be testing multiple targets. That betters our odds.
@DecNefTradesInteresting question for discussion: Have now heard from multiple people on this forum and through Jay taylor's interviews on youtube that Kinross is obvlivious to what's in their backyard, and that Mark is choosing to slowly release details in a manner to not wake them up. He has "gone into paranoid" mode. Clearly, he wishes Adamera to remain somewhat hidden from their scope. Why, and until when? Is this a staking issue? Is this to prevent a hostile takeover? Is this to try and put together a package to acquire or push their mill into a reclamation liability once the Buckhorn runs out (I assume in their next financials), or to force them to just feed through dirt and gravel. Are @HRA-Coffin and other analysts, and even @Stargate2, for that matter, under the influence to also not run with the full details yet until given a green light? What happens with the MIF comes around, how, at that point, can they keep this quiet from K?
@HRA-CoffinMark worried about Kinross going hostile, more than he probably should, but he's pretty much past that now. The slow data release isn't paranoia so much anymore as its several people dealing with a lot of data sets that are just coming together now. I hope we see a program layout soon that includes a lot more data collection on top of drilling as $ADZ has a lot to ground proof still, and there are at least two and perhaps more targets types to deal with that have their own indicators. Probably fairer to say Kinross is oblivious and that they have their own model. Their ideas about which areas should be prospective are different from Mark's which is fine with him since that means they don't get in his way. Keep in mind that Republic is a "brownfields" area for Kinross. The exploration budgets weren't large and were usually run by mine geologists who are different beasts than exploration geologists. As I mentioned before, a former VP of Kinross really liked what Mark is doing but he was an exploration guy and had zero say in budgets for Republic. He thinks they were wrong not to back ADZ but that doesn't mean the production side guys feel that way. Kinross won't move on anything unless they see a resource developing at this point. They already missed their chance to be early and probably know it.
@HRA-CoffinIts a reaction to the tax plan being unveiled. Market needs to decide if the plan will pay for itself or generate higher deficits. (pretty sure we all know the answer to that one already...)
@HRA-CoffinKinross promised to keep the mill on care and maintenance for five years. That is a promise to the town of Republic in the hopes they find something else to run through it. I believe K is still drilling K2 - smallish high grade and underground but they might develop that and run it through the mill. Putting off closure also puts off the costs of closure and reclamation which aren't small so I don't see Kinross changing their mind on that.
@HRA-CoffinI got a message from Mark last night - ADZ attended some sort of "job fair" in Republic. They usually hire directly but go to these things to "show the flag". He said it was depressing to see how many people were wandering around hoping for a silver bullet in the form of a high paying job to replace the Kinross ones that are about to disappear. That is one reason I've never been TOO worried about permitting. It's always a struggle but the locals really want to see something, anything happen that will save some of those high paying jobs.
@HRA-CoffinJohn Black thinks he'll have to drill for three years before $REG will be ready Luke - but then he told me it would take 2-3 years for Antares to be "ready" - three months before the First Quantum bid...
@HRA-CoffinJust so you all know - if you are thinking of attending MIF and planning to RSVP at the last minute - the last minute is coming fast. No one listens to me but Emma sent an email to prior attendees saying the list was getting full and they are RSVPing like crazy. We will have to close the list VERY soon. If you're a subscriber you should contact Emma directly as we'll find a way to make room. If you're not, I'd say you've got 12-18 hours before the list closes. www.metalsinvestorforum.com
@HRA-CoffinJohn always wants everything to be lined up perfectly but the buyers are more worried about OTHER buyers. I think that is what happened with Antares. FM decided if they didn't move someone would beat them to it. They were running numbers internally so didn't really care that the feasibility study wasn't ready. They would value it on their own assumptions anyway.
@HRA-CoffinHe was a great guy. Heard about it this morning from Dale who was quite close to Ben and shaken up by it. Planning to attend whatever service is being held and donate to whatever cause the family thinks is best.