Analyst of all things Canadian junior resource related and a podcast junkie, oversee a private foundation endowment exceeding $50 million, General Manager for a cartoonist licensing and syndication group within a US publicly traded media company. Finance director for the the National Spelling Bee. Website: http://www.statesidereport.com
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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@stateside$GIS Looks like more investors wanted in on the PP that just closed.....Genesis Metals arranges $800,000 private placement 2017-06-07 02:03 ET - News Release - Genesis Metals Corp. will conduct a non-brokered private placement consisting of any combination of flow-through units at a price of 16 cents per FT unit and non-flow-through units at a price of 14 cents per NFT unit for total gross proceeds of $800,000.
@stateside$GTT - Zero buying interest and McMullen continuing to dump shares. So much for the most exciting gold exploration play I guess. Such is the state of the jr market. Wait till assays then buy if good. No anticipation.
@ayeyouI have seen a few post you have made with similar overtone to the one above re $GTT@stateside . As to the McMullen trust "dumping" shares I just dont see it. They have been "selling" some yes but far from what I would term a dump which entails indiscriminate mass selling at ever lower prices. I had a helluva time putting together a position in GTT as the sellers were just not there and if they were they were not taking a penny less than the ask. I bought starting in January at .22 cents and $GTT is at .40 bid .41 ask this morning. Almost a double before they even get on the ground at Tatogga. If that is "no buyer interest" and someone "dumping" then I cant wait till they drop a drill down into that Saddle target. Should be some real fireworks then.
@stateside@ayeyou - $GTT - I believe they liquidated their entire 10% allotment in round one. Round 2 comes up in a few weeks where they can liquidate another 15% - which based on round 1 they will. Obviously any success with the drill bit would soak up that selling which I fully expect. I'm just surprised that there has not been any buying pressure at all. Look at the volume - it's pathetically low for such potential.
@ayeyou@stateside Pathetic volumes are not a $GTT exclusive phenom. Some days I tap on my monitor screen because it looks like my ticker has seized up. Terrible junior resource market right now and its only my tax loss buying that has allowed me to make some money so far this year. I am thinking of going up to Tatogga in July as I have an invite from a fella who is doing the drilling for GTT. Plus he said he would take me fishing ;)
@statesideYes - $GTT - good buying to soak up McMullen who dumped another 150,000 yesterday. They have 1,930,967 shares left to dump daily until the next 15% batch opens up on November 21, 2017. By then we should know if this is a discovery or not. It would have been great to see a price rise into drilling to maybe sell half on a double to reduce risk but McMullen will cap the price at $.40 it seems until they unload the remaining 1,930,967 shares they can sell. With the small daily volume they won't be done selling until well into the drilling.
@statesideIf they can show that the copper exists a few kilometers south from their initial Mitu discovery along the ore-shale unit it should really capture the markets attention. The ore-shale goes for about 17 kilometers. They are chasing $IVN type distance of ore with good grades. Being in Zambia beats the DRC as Frazier shows the country better ranked than Mexico, Chile, Burkina Faso, Nova Scotia, Brazil, Colombia and many, many, others for mine friendliness.
@stateside@Goldfinger - I'll raise my hand as a top caller and fool. Spoke before doing enough research. Bought a few thousand dollars of Ethereum to understand the process this week. Doing research on ICO's now. Maybe you can teach an old dog a new trick.
@Goldfinger@stateside That's an awesome share, thank you. I'm glad I commented on it this morning. I haven't seen a frenzy like this in my life, actually beats South Florida real estate in 2005. Well maybe not, it's close. And totally different in terms of market dynamics i.e. I don't think anyone is buying $Bitcoin on margin debt, but who knows? Maybe that's next....
@soulMiner@MiningBookGuy@Goldfinger Im going to go against the grain here and say cryptos are not in a bubble. I bought in about 2 months ago. Have seen huge gains and have taken some profits along the way. I suggest when you have some downtime to watch one of Francis Hunt's video's which addresses this exact question. He is an experienced London market trader who turned bullish several months ago. A bit long but well worth the watch. May change your mind! @stateside welcome to the crypto verse:) When you watch this please let me know your thoughts. https://www.youtube.com/watch?v=gucldeyRYJ0&t=1s+
@stateside$GTT - June 9th - Another 100,000 shares dumped this morning by the Family fund and the price stays at $.40. Imagine if they decided the property actually had some value and let the price rise a bit. Nah - too greedy to take the fiat now.
@Chiel@stateside agree, the more I look into it the more I'm convinced this is going to be a winner. Added this week at 0,39, currently my biggest exploration position. Any idea when we could expect the first results? #copper
@statesidePicked up a starter position in $ZON today. Anonymous selling down liquidating that $.10 PP that came free trading June 1st so no need to chase the stock. A lot of cheap paper will find it's way to market but those are two really nice targets they will be drilling next month.
@statesideStateside Report Podcast - June 12, 2017. http://www.statesidereport.com - In this episode of the Stateside Report Podcast we talk about gold, silver, the base metals and a quick take on ethereum and then talk about the news and press releases from the Canadian junior exploration sector including news from Genesis Metals $GIS, Touchstone Exploration $TXP Probe Metals $PRB Iamgold $IMG White Gold Corp $WGO Atac Resources $ATC Engold Mines $EGM Japan Gold $JG Adamera Minerals $ADZ Carlin Gold $CGD West African Resources $WAF Tinka Resources $TK Volcanic Gold Mines $VG Tudor Gold $TUD Euro Sun Mining $ESM Zonte Metals $ZON - We talk gold, silver, oil, gas, copper, lead, zinc, uranium and nickel.
@statesideYes - now another insider ANON with a 750,000 share dump all at once. Another group wants out. $GTT Mackie took 550,000 shares and wants a bit more at $.40. No need to buy above $.40 pre-assays when there are millions of shares that are willing to be sold at $.40. Sit and wait.
@RunningWithTheBull$SEK is a golden opportunity, in the hands of some weak chatter on this site. If you are nervous about your investment... sell? Yes, a tight share structure is important but AT $1 a share it's a 20 bagger from .05🤓. Newbies please listen to @stateside play The Song for you young lads to inspire us all "To Dream The Impossible Dream"
@statesideMcMullen has another 1.1 million shares to dump to liquidate their full allotted share (15%) for this 6 month cycle. This will be the last of it before drilling results are announced for this season so if they are going to lock in any more gains they will need to start shorting heavily.
@statesideStateside Report Podcast - June 19, 2017: http;//www.statesidereport.com - In this episode of the Stateside Report Podcast we talk about the week in gold, silver, the base metals and the stocks, we talk crypto-currencies in a segment, then we talk about the week’s press releases including Genesis Metals $GIS, West Red Lake Gold $RLG, Aurcrest Gold $AGO, RJK Exploration $RJX, Torq Resources $TORQ, Adamera Minerals $ADZ, Leeta Gold $LTA, euro Sun Mining $ESM, Aurion Resources $AU, Knick Exploration $KNX, OK2 Minerals $OK, Newrange Gold $NRG, and Engold Mines $EGM. We talk gold, silver, lead, nickel zinc, copper, uranium, bitcoin, and ethereum.
@statesideLooks like McMullen (through ANON) is under the gun to dump their remaining 1 million shares now that drilling has started to fully liquidate their allotted amounts for this 6 month cycle. Dumping into the bid regardless of price now. Oh well - assays will rule the roost.
@MiningBookGuy@stateside - thanks for the info. and good point on the odd timing, since the ASX ticker is the primary one. Maybe there's a chance it will stay halted until the ASX open.
I can't remember the last time they've released news when Canadian markets are open. Actually, the last time was almost a year ago, when I look at the left sidebar, and was also for a halt. At that time, it was for a big capital raise that was announced on the ASX, August 10th 2016: http://www.westafricanresources.com/wp-content/uploads/2016/08/160809-Announcement-of-Capital-Raising-Final.pdf
It is possible this is a capital raise, but they don't need the money. We'll see.
You and I have to cut-and-paste all the NRs because they are always released via ASX. $WAF$WAF.AX
@MiningBookGuy@stateside - thanks. i think the broker warrants are pushing it (though it's a tiny part of the overall offering). $WAF$WAF.AX doesn't need money, and this is handing out freebies. This news is adding further credibility to the project, but hoped for more 'spectacular' news than this. There will be a lot of drilling coming the rest of the year.
"In connection with the Offering, the Underwriters will be entitled to a cash fee in an amount equal to 6.0% of the gross proceeds of the Offering, to be paid at closing. As additional consideration, the Company will grant to the Underwriters non-transferable share purchase warrants (the “Broker Warrants”) entitling the Underwriters to purchase that number of Shares as is equal to 2.0% of the aggregate number of Shares sold in the Offering. Subject to regulatory approval, each Broker Warrant will be exercisable to acquire one Share at a price equal to $0.32 for a period of 24 months after the closing of the Offering."