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@JamesKwantes If Washington doesn't own any shares, why does he want to buy the company?
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from #ddc,
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@ekim @JamesKwantes sounds like it is 100% or nothing. Maybe by having no shares...he has more legal flexibility to say publically what they have been saying. If you think there is a white knight (Rio or such)..you would think you would want to try and get an up to 5% position anyway...Maybe he doesn't think a white knight is possible.
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from #ddc,
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@JamesKwantes No change in cap gains - Tommy just went long again!
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from #index,
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@JamesKwantes I gotta ask @RocketRed - do you love Justin now?? #capitalgainsstatusquo #knowtheanswer
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from #index,
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@RocketRed @JamesKwantes as soon as he is out of power the better off will we all be and what's the debt to be after JT is out but nobody these days cares about debt at some point somebody has to pay for all that debt
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from #index,
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@JamesKwantes $CGT rebounding a bit from the Tuesday drop. Montagne d'Or after-tax IRR will be at or above 20% soon enough, and deposit also has size going for it. To the majors, size matters. Lots of value in Nevada too
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from #cgt,
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@JamesKwantes That's right @CautiousNow as they say make, hay while the sun shines (straw in mouth) - you might need a new moniker though! ;)
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from #index,
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@2pac I'm sure it was close call this time on capital gains @JamesKwantes. Next time the people of CEO.CA may have to rise upp,show our metal and hold the lions gate, if we wish to remain invictus.
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from #index,
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@JamesKwantes Haha hope we won't have to storm the gates @2pac. The finance minister Bill Morneau knows his way around business and the markets - the family business, Morneau Shepell, is publicly listed - so that probably helped.
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from #index,
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@ivopashov What is disappointing for me in this BFS is (1) high capex and (2) EUR/USD sensitivity analysis. The exchange rate assumption is 1.05 and this is so far from reality when looking at the 10 yr exchange rate. For every 0.05 difference NPV plunges by $60 mln. I would be conservative and assume 1.15/1.20 in the middle term so NPV/IRR should be in 235/14 - 170/12 range everything else being same. I guess they will reduce capex a bit but that would be 10-20%. I doubt they get the mine built for half of what they show. So that would come at well above $400 mln which is huge again (i don't include tax credits as they are a bit tricky to calculate). You can see what a penalty it is by the discount sensitivity analysis. You use 10% instead of 5% and NPV gets cut in half ($185 mln). On the positive side i assume they will convert the inferred ozs and will be able to add more ozs to the deposit with the current drilling going on. Also on the positive side is the late stage, size and good jurisdiction. As @JamesKwantes said size matters and that could spur some bidding. Big guys would prefer advanced 5 mln Ozs project with lower IRR to an early 1.5-2 mln project at a higher IRR. All being said, i would be on the safe side and calculate $300-330 mln NPV (worse exchange rate, better capex, more ozs) which still leaves about $150 mln for Columbus. The good part is that this is not the only 1 they have - Nevada has a potential to be a company maker. However, with all the fuzz around Montagne d'Ore, Nevada does not get much of an attention and this may stay like that for a long time. I am a shareholder here and am really at crossroads now.
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from #cgt,
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@JamesKwantes Re De Beers jewelry arm, there is sure a lot of activity in the #diamonds sector of late as well as interest from majors. Also a major focus of the latest Resource Opportunities which went out early this morning. Diamonds one of the "empty rooms" at an otherwise bullish PDAC. Opportunity IMO $DDC $RIO
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from #index,
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@Vaughan yeah but how to play it @jameskwantes ?
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from #index,
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@JamesKwantes I cover an explorer and 2 producers in the newsletter @Vaughan. All look cheap to me right now, even given some renewed interest in the sector #diamonds
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@JamesKwantes The producers for the cash flow that exists now (or will this year) and the explorer for the potential in a pretty boss portfolio of projects #diamonds
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from #index,
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@Vaughan Time for me to buy.a subscription @JamesKwantes. www.resourceopportunities.com ?
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from #index,
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@JamesKwantes That's right @Vaughan. Not too big of a secret what diamond stories I like though, at least in these parts ;)
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from #index,
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@JamesKwantes The greatest potential @stateside as long as you're pickin' em right! Can get very lonely - until it's not
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from #index,
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@JamesKwantes Not an investment advisor @bullionaire but you know as well as I do how the Yukon cycle works. And GPY cashed up and drilling, as you mentioned. I do believe the Yukon could well get hot again this year. Don't own it
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from #index,
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@JamesKwantes Little-known fact: Trump took up golf because the word looks so similar to gold
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from #index,
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@JamesKwantes Handy
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from #index,
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@JamesKwantes Key to the efficacy of the truth machine is making sure its parts are well-oiled
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from #index,
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@JamesKwantes Layoff carnage today at the Vancouver Sun (where I worked for 10 yrs) and Province, where dozens of journalists -- many of them young and talented -- & others lost their jobs. The place has been thinning out for years but those who left voluntarily before now walked away with a buyout cheque. The big winners = governments and others who had their feet held to the fire. On the B.C. media front, the Sun and Province did a lot of the heavy lifting! http://globalnews.ca/news/3333186/more-than-50-postmedia-employees-handed-layoff-notices-at-vancouver-sun-and-province/
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from #index,
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@murat @JamesKwantes and I assume they will let interns do most of the writing, and continue chasing headline clicks for ad impressions. online journalism is in big trouble. someone needs to invent a decent, new business model. medium is working on it https://techcrunch.com/2017/03/22/medium-debuts-its-paid-membership-subscription-program/
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from #index,
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@JamesKwantes Yes, a lot of the interns and temps were let go today (was by seniority), but I'm sure they'll bring in new ones to do the grunt work. If somebody's going to figure out profitable online journalism, it ain't going to be a newspaper!
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from #index,
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@JamesKwantes A silver lining was everybody who got laid off today made good money at the Sun, union shop with some of the best pay in the biz. Which also contributed to the need for cost-cutting when the business model failed, of course ...
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from #index,
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@JamesKwantes Art of the Dead
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from #index,
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@PhotoJ @murat @jamesKwantes This is the exact situation where certain cryptocurrencies would be the answer. Pay a few cents to read an ad-free, quality article. This isn't feasible with traditional payment methods due to transaction costs.
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from #index,
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@leafs Hi JamesKwantes, I am subscriber to your newsletter and always appreciate your insighte on mining bussiness and companies. I have a question on $WGC, winston gold, why did it tank so much in recent weeks. Considering the progress it has made on its property, why is it trading only 7c? it should be trading way north of 10c. Any insight on this would be appreciate it...
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@JamesKwantes On the Sierra Leone diamond, it's a fascinating story but I don't think that's a US$50-million diamond. Time will tell #diamonds
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from #index,
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@JamesKwantes Would sure be nice to see $DDC remain in Canadian hands, given the historic assets and the way in which Canada helped bust up the De Beers cartel with the 1990s discoveries that laid the foundation for an industry #diamonds
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from #index,
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@JamesKwantes Agreed @Allan but the Canadian angle is a very important one in #diamonds and what has often been a dirty (bloody) business. Canada has cachet #branding $DDC
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@tommy @JamesKwantes Washington's are basically Canadian. Scion Kyle lives large here.
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@JamesKwantes On Washingtons, fair point @tommy - Kyle anyway, don't know about the old man. But was also thinking of other players with that comment, eg Rio Tinto. With 60% operating ownership of Diavik, they must also be in the mix here (even if they don't show up in the articles) $DDC
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from #index,
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@tommy In @JamesKwantes past life he was a diamontaire
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from #index,
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@JamesKwantes No I was a diamant-error @tommy!
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@JamesKwantes Ironically my (soon to be) ex got an emerald ring for engagement. At least I didn't break the "diamonds are forever" mantra
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from #index,
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@JamesKwantes Some talk about #Tanzania lately, esp. in @MiningBookGuy's excellent $aufrica. Another with strange insider activity is Jim Sinclair's Tanzanian Royalty Exploration Corp. $TNX. Director William Harvey buying tiny amounts and then selling the next day (at a loss) SEDI:TNX
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@JamesKwantes Actually she's Irish @Allan :)
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@dmax @jameskwantes response to note above?
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from #whn,
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@JamesKwantes Hi @leafs and @dmax sorry for the late reply on $WGC. I don't cover it in the newsletter and it looks like a small, boutique high-grade operation where the plan is to go direct from drilling to production, bypassing economic studies. That path is fraught with risks; it's possible to do but most who try will fail. Not familiar with management here. I would avoid. Also it looks like shares outstanding is actually at 80.8M, not the 46M that it shows here http://winstongoldmining.com/wp-content/uploads/2017/03/Winston-1.7-web.pdf
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@JamesKwantes I believe I responded to this in index but apparently I didn't tag it, and ... anon. Gren was at PDAC, I spoke to him but not about Westhaven. The pattern is doing small raises for drill programs and paying as you go, but what Westhaven really needs is a bigger partner to come in and fund a larger program, IMO
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from #whn,
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@JamesKwantes Welcome @switters!
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from #index,
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@JamesKwantes A bit tempted to join the $NXE wager fun but I added some $NXE down here so outta $$$
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@JamesKwantes Hearing that North Arrow Minerals CEO Ken Armstrong will be on BNN tomorrow at 8:30 am PST with the inimitable Andrew Bell. Some renewed interest in the space as the $DDC takeover talk continues #diamonds $NAR
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from #index,
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@JamesKwantes The Alberta Securities Commission created a fake investment company, "Maplestock," and organized and advertised a (well-attended) seminar featuring the fake front man as an anti-fraud education tool http://cawidgets.morningstar.ca/ArticleTemplate/ArticleGL.aspx?culture=en-CA&id=799496 "Halfway through his lunch-time seminar pitch in Calgary, the featured speaker abruptly changed his tune. "I'm not Jonathan Fisher," he said, disavowing the identity he'd assumed as a senior partner of Maplestock Investments. "Maplestock is a fake company," he continued, stepping away from the hotel lectern emblazoned with the slogan "Profit Like The Experts."
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@JamesKwantes For a second I thought you said "nice concession massage" @Allan - Lord have mercy! $NXEbet
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@JamesKwantes I believe you're wrong on $NXE @Allan but have placed my wagers elsewhere
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@switters @JamesKwantes @EvenPrime @dirkdiggler Hey guys - thanks for the welcome! I had my head down in code and missed the mentions. Stoked to be here!
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@PhotoJ Anyone knowledgeable like to comment on this? @jamesKwantes @newton @djS
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from #idm,