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wannabeinvestor @LucTenHave, how do you always know this stuff?
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@LucTenHave @wannabeinvestor This is just public info. Nothing special. I bought $bfd at 4 cents but sold too early. Im a better in buy timing than sell timing :)
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@Vaughan aren't we all @LucTenHave...
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SEDI_bot Beaufield Resources Inc. $BFD just filed 2 reports. View full report: SEDI:BFD
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@MiningCatalyst $OSK buys another 3 mil units $BFD in the open market. Beaufield Resources Inc. $BFD just filed 2 reports. View full report: SEDI:BFD
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@Wannabeinvestor $BFD, not $BTR
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@ayeyou So $OSK now owns 19.86% of $BFD shares. They stopped just short of the 20% threshold which would trigger the Take over bid provision in National Instrument 62-104 ***"take-over bid" means an offer to acquire outstanding voting securities or equity securities of a class made to one or more persons, any of whom is in the local jurisdiction or whose last address as shown on the books of the offeree issuer is in the local jurisdiction, where the securities subject to the offer to acquire, together with the offeror's securities, constitute in the aggregate 20% or more of the outstanding securities of that class of securities at the date of the offer to acquire but does not include an offer to acquire if the offer to acquire is a step in an amalgamation, merger, reorganization or arrangement that requires approval in a vote of security holders.*** Does anyone here have a good grasp of the 62-104 and what the implications are here for $BFD ? In particular I am wondering if exceeding the 20% threshold somehow requires a T/O bid ?
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@misterlaser With the 'meh' drill results and $OSK having reached their intermediate target of acquiring <20%, it seems inevitable that the SP will drift backwards for now; but the story is far from over.
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@brumell @ayeyou the 20% threshold does not force a T/O bid.
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@ayeyou That is a possibility. They could just sit back and let $BFD spend their 6 or 7 mil dollars drilling and see what comes of that before making a decision whether to make a play for it. Knowing what I do of OSK and its principles I dont think thats the way it will go though. $OSK is firmly committed to Windfall Lake area and in recent interview with The Northern Miner they let it be known. Here is the headline from that interview. ** ** Osisko calls Windfall a ‘company maker’ BEAVER CREEK, COLORADO — Osisko Mining (TSX: OSK) says it will hang “for sale” signs on most of its properties — except for its wholly owned Windfall project in Quebec, one of the highest-grade, resource-stage gold projects in Canada. . It seems to me that the $BFD property would be an integral piece of the puzzle for OSK to consolidate Windfall Lake. If BFD were to pull a couple big holes the extra cost to OSK to make an offer would be substantial. I think we see an offer in the short term.
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@marketwired Beaufield Resources reports Annual General Meeting Results and Grant of Options @marketwired/beaufield-resources-reports-annual-general-meeting $BFD
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@dirkdiggler @MiningBookGuy (at a real computer now) - re the claim block size at Hemlo West: 1 hectare is the approx size of most pro sports fields - here's the visual - https://www.kelownanow.com/galavanting/news/Tourist_Information/14/07/17/How_Big_Is_A_Hectare_A_Better_Way_to_Visualize_The_Size/ Now multiply that by 385....suddenly you've got a hike on your hands if you're going to attempt a reconnaissance run around the perimeter - it's more than a postage stamp. Now put that chunk (albeit modest chunk) up against the following claim map and decide whether or not these claims are strategic....whether or not an $ABX might be wanting this particular set of claims in light of their 'Go West' theory ~ http://www.sunvestminerals.com/images/hemlo-west-claims.pdf ~ As I was saying earlier (LOL) I am waiting for a call from the ceo - I've barely even begun my dd on this one. The attacks are completely unwarranted and pre-mature. $SSS ~ Also, for $BFD fans, you might want to study this claim map (hint: look further West).
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@LucTenHave $BFD from 0.04 to 0.30 | Falco from 0.30 to 1.17 | Niogold from 0.33 to 0.45 (takover) | $BTR from 0.18 to 0.41 | $MTO from 0.05 to 0.11 | $NHK from 0.075 to 0.89 | $LEX 0.08 to 0.24 (takeover) | $TXR from 0.25 to 0.72 | $GWA from 0.06 to 0.17 | Adventure Gold from 0.12 to 0.31 (takeover) | --- those picks were not difficult to make - but the extreme returns are thanks to the bull market..
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from #azx,
SEDI_bot Beaufield Resources Inc. $BFD just filed 5 reports. View full report: SEDI:BFD
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SEDI_bot Beaufield Resources Inc. $BFD just filed 2 reports. View full report: SEDI:BFD
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@misterlaser The book was looking heavy on the ask side (300k at 30c) but we suddenly leaped 3 cents - did we appear on BNN or something? It's usually something like that when there's a pop in the afternoon...
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@cal House Positions for C:BFD from 20170417 to 20170417 House Bought $Val Ave Sold $Val Ave Net $Net 9 BMO Nesbitt 661,300 199,890 0.302 409,000 123,545 0.302 252,300 -76,345 18 Echelon 100,000 29,000 0.29 0 100,000 -29,000 53 Morgan Stanley 38,000 11,087 0.292 0 38,000 -11,087 33 Canaccord 30,143 9,042 0.30 0 30,143 -9,042
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@cal BMO placing someone again $BFD
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@cal $BFD closes at year high .34 breakout tomorrow?
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from #index,
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@brian $BFD and $BGM the best 2 the last month for sure
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from #index,
SEDI_bot Beaufield Resources Inc. $BFD just filed 2 reports. View full report: SEDI:BFD
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@cal Vatche Tchakmakian, CPA, CA, CFO Vatch Tchakmakian 1,700,000 Senior Officer $BFD when the accountant has a big position you know its going to be good!
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@r6 Add some $BFD at $0.27 - Dont see too much downside left... We will get back to $0.30 very soon.
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@misterlaser I'd like to hear people's predictions for where $BFD is going from here. I'll go first: I think we'll drift back slowly to 25 as people get bored, but there will be enough people willing to add at that level, it won't go lower. $OSK will eventually make a bid at around 32 using paper; everyone will whine that they want cash, and/or it doesn't fairly value BFD's other assets and we're worth at least 50, and/or they're taking advantage of their proximity/fit and shareholding, but in the absence of other serious bids it will succeed anyway. What do you think?
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@banger @misterlaser : while I expect $BFD to drift lower than 20 (summer doldrums), I agree with everything else ($OSK bid offer, acceptance, subsequent whining) - I've seen this play out several times before.
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@ayeyou Damn there I thought I was a reasonably intelligent human being but apparently I am a simple idiot. I see nothing here but a poor project with very little if any merit. I guess I will check into an asylum for the mentally unfortunate. Thanks Maestro . I must have just got lucky buying $COR at .21 in January and $BFD at .085 in December and $OSK.WT at .05 and ........
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from #ion,
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@stateside Anyone know why $BFD was taken behind the woodshed and beaten like a rented mule today?
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@RocketRed @stateside $bfd why did it go up did they drill anything?
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@stateside @RocketRed - $BFD - you tell me.
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@nobshere $BFD tankeroo
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@ayeyou Sold my $BFD weeks ago for a triple plus
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@ayeyou No man ride the for the big scores. $BFD bought at .085 and sold between .34 and .30 . Had mid six figures of em. More than 1/2 cent there.
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from #index,
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@cal Topped up on $BFD today
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@misterlaser Apparently I just topped up as well, Caliche. I admit I wasn't expecting to see 20.5 cents again, but we did.
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SEDI_bot Beaufield Resources Inc. $BFD just filed 3 reports. View full report: SEDI:BFD
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@Amicus I pulled the trigger on $BFD May 10th, but only for technical reasons. Hope you guys will share your opinions on this one. http://www.bnn.ca/market-call/john-kaiser-discusses-melkior-resources~1071808
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@cal $BFD better management. better ground. 8 million in cash shall i continue?
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@Amicus @cal Yes please. What are some of the risk/downsides? There's always something? Heard something about the weather is a huge factor.. $BFD or Bonterra is what I'm trying to decide right now too.
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@cal $BFD from seeking alphaA Look At Our Portfolio Holdings: Beaufield Resources May 15, 2017 12:41 PM ET|6 comments| About: Beaufield Resources Inc. (BFDRF), Includes: OBNNF Hebba Investments Hebba Investments Long only, value, contrarian, gold & precious metals Hebba Investments LLC Get email alerts Summary Beaufield Resources has a land package right next to Osisko's Windfall deposit. Some potential drill targets have very similar characteristics to Windfall and lie extremely close. Osisko has noticed and earlier this year took a 16.4% stake in Beaufield Resources. If Beaufield shows that its property contains the potential for an extension of Windfall's mineralization or a similar deposit, it could be bought out very quickly. After being fortunate enough to see one of our speculative positions acquired (whose merits we discussed last year), we are now looking to reallocate this speculative money and we wanted to share one of our picks: Beaufield Resources (OTCPK:BFDRF). We want to make clear, that this is a VERY SPECULATIVE play which is only suited to the most speculative allocations of an investor's portfolio. But we do believe the risk-reward ratio here is sufficient to be worth our interest (and money). Why Are We Interested in Beaufield Resources? There are two primary inter-related reasons why we are interested the company: The success Osisko Mining (OTC:OBNNF) has had drilling at its Windfall project. The adjacent land package that Beaufield holds. It is no secret that one of the most exciting projects in Canada is Osisko Mining's Windfall deposit, with current high-grade resources of 748,000 ounces of gold at 8.42 g/t gold in the indicated category, and 860,000 ounces of gold at 7.62 g/t gold in the inferred category. Due to its recent success, the company is undergoing one of the largest drill programs by an explorer that we are aware of as they plan to drill 400,000 meters during 2017 on their Windfall property as combined definition and expansion drilling. Some of the standout hits that the company has seen with recent drilling has been its newly discovered Lynx zone, which is a corridor of gold mineralization located to the East of the main Windfall deposit mineralized zones. One of the more exciting ones at this new Lynx zone was 63.8 g/t Au over 4.4 metres and 50.9 g/t Au over 4.6 metres from its April drill results. In fact, the company is continuing step-out drilling of the Lynx zone to the southeast to see how extensive this zone is. Here is where Beaufield Resources gets interesting… Beaufield's land package consists of claims around 1 kilometer from the main Windfall deposit, and within 1-2 kilometers of the new Lynx zone. Source: Beaufield Resources Corporate Presentation Not only is their property border extremely close to Windfall, based on some of the airborne magnetics, there are similarities to the Windfall deposit. Beaufield is now choosing priority targets to test and we are very interested in some of the targets that may represent an extension or similar mineralization to what Osisko has found at Windfall. Additionally, Beaufield also owns property west of Windfall close to Osisko's Fox discovery. Source: Beaufield Resources Corporate Presentation As investors can see, is very close to some of Osisko's drilling at its Fox discovery. While we think Osisko's team is clearly very adept at creating value and finding high-quality deposits (it was only two years ago that they sold out the Canadian Malartic mine to Agnico-Eagle and Yamana Gold), we do not know if we get that confidence from the Beaufield team. If anything, they seem to be building their company off the coat-tails/discoveries of others. But that is OK with us because what they do have is a very strategic land package. They do not need to find a deposit and build a mine - they just need to either get some quality drill holes that could potentially extend some of the mineralization that Osisko is finding. If that happens, then this $30 million-dollar company could double overnight. This hasn't gone unnoticed by Osisko Mining either. Earlier this year through their wholly owned subsidiary O3 Investments Inc, they purchased a bought-deal offering of 31.7 million shares or a 16.4% position in Beaufield Resources. Clearly Osisko Mining is hedging its bets here as they don't want to be building a massive Windfall discovery and find that they are missing some valuable resources that lie on Beaufield's side of the property line. Financial Review When looking at explorers we like to focus on the burn rate and how much money the explorer has in the bank to conduct exploration activities (the way to add value for investors) and, at the very least, to maintain existing assets. In Beaufield's case, the balance sheet looks very good - which shouldn't be a surprise after their recent financing from Osisko. Source: Beaufield Resources Taking a look at the cash position, Beaufield has C$8.3 million in current assets, with the vast majority of it being liquid cash (C$7.4 million) - which is again not surprising as they just funded themselves in February with C$6 million. But for our purposes as investors what this means is that the company has plenty of cash to drill, and for the "FT shares" they will have to use that money for qualified exploration purposes. Source: Beaufield Resources Of course cash is one side of the equation, the other side is how much is flowing out from operating activities - which is (outside of financings) almost always negative when it comes to explorers. What we are looking at here is the burn rate - how fast are they spending their on-balance sheet cash? How long will they have until they need more cash? In Beaufield's case, the company has been fairly tight with expenditures as they have only spent C$367,000 over the past six months, which annualizes to a little under C$800,000 per year. We know expenses are going to rise as the company drills, but it looks like the core operating expenses are affordable based on the current assets. What this means to investors is the company doesn't have to worry about financing soon - that is unless they hit some interesting drill holes. In that case, they will probably have to expand the exploration program, but of course that would be very good news for investors. In summary, the risk for Beaufield Resources is all the exploration program as they are very well-funded and have plenty of cash to maintain operations. Conclusion for Investors For investors looking for high-risk and high-reward investment, Beaufield Resources provides a company with a very strategic land package next to one of the most exciting Canadian gold projects. While Beaufield has limited upcoming drilling, it seems they are staking out some important future targets that we hope will be announced soon (and followed by drilling). These targets are not only in close proximity to some high-quality drilling results by Osisko Mining, they share some similar characteristics to the nearby Windfall deposit - with Osisko already taking notice by acquiring 16.4% of the company. In our view, that is either a vote of confidence in Beaufield's property potential or a vote of fear that Beaufield might discover something. Either way its positive for Beaufield Resources. For investors, Beaufield Resources provides a highly-focused play based on the quality of Osisko's results at Windfall and the potential of that mineralization continuing onto Beaufield land. This is a bet to ride on the coat-tails of Osisko's Windfall discovery - which we feel can be justified for the high-risk, exploration portion of a mining portfolio. Disclosure: I am/we are long BFDRF. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
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@cal another great day for $BFD. volume in the US way above average again..should see .30 tomorrow
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@Excelsior After watching this company implode for some time in a paper fiesta, and now that $MTO $MEAOF went through their capital raises to infinity and beyond, and rolled back their shares & restructured it seems like an interesting value proposition. I was acquiring shares earlier this year and then again a few weeks back that are all in the money, and it looks like there is some room to run later in the year if the PM prices have a Fall rally. The drilling $OSK Osisko has been doing at Windfall continues to impress, and Metanor is on trend with that. I could see $MTO Metanor, $BFD Beaufield, $URB Urbana, and $BTR Bonterra all being consolidated under the Osisko umbrella over the next 2 years, or maybe another larger Major/Mid-tier coming in to acquire some of these before Oskisko can. #Drillplays #Gold ** Here's a nice map showing the lay of the land in this Area Play: http://goldrea.com/wp-content/uploads/2015/04/argosmap.jpg+
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from #mto,
@marketwired Beaufield reports drilling results and announces 10,000 metres drilling program on its Urban property @marketwired/beaufield-reports-drilling-results-and-announces-10000 $BFD #news/mining
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Mutt #Yikes
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@misterlaser Well, there was always an outside chance of a nice surprise in the winter drilling... and there wasn't. So: there you go.
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@Amicus It'll bounce back
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@enviro111 The ground us so close to windfall. However, these results look mediocre at best. Maybe they drilled in the wrong spot
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@marketwired Beaufield Resources acquires 100% interest in the Urban-Windfall sector @marketwired/beaufield-resources-acquires-100-interest-in-the-urban-windfall $BFD #news/mining - $BFD acquires 100% interest in the 299 hectare Windfall East project (the "Property") from Alto Ventures Ltd. (TSX VENTURE:ATV). The property, strategically located, is adjacent to Osisko Mining's Windfall deposit and on trend from Osisko's new Lynx discovery in Urban-Barry Township, Quebec.
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@newsfile Alto Sells 100% Interest in the Windfall East Project, Quebec for Cash, Shares and Private Placement @newsfile/alto-sells-100-interest-in-the-windfall-east-project $ALVLF $ATV $BFD $CA0215502075 $CA0743271078 #news/mining #news/gold
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@LucTenHave Pretty good deal for $ATV upside through Beaufield $bfd shares. If Windfall East turns out to be really important, Alto will benefit through the NSR and shareholdings. If not, it already made some money. It can use the cash for Oxford Lake.
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