The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@MadeOfRubber@Newton@Quantum The amount of effort into the local community is awesome. They are also a pretty communicative mgmt team. Resilient stock as well. They've done a great job. I wanted to attend #mif but was jam packed all week, nature of my real job.
click to invite
@ExcelsiorOperations Update at Santa Rosa
January 23, 2017 – Red Eagle Mining Corporation $R$RDEMF
“We are very pleased to have completed commissioning of the plant and producing 1,850 ounces of #gold since start-up,” comments Ian Slater, Chief Executive Officer. “Ramp up of the mine continues to progress and we look forward to announcing commercial #production by the end of Q1 2017.”
Achievements to Date
– Best safety practices adopted with no major incidents to date;
– High voltage transmission line construction complete and energized, connecting the project to the national electrical grid;
– Main and secondary underground ramps have progressed to over 1.4 kilometres in length;
– 60 metre vertical ventilation shaft completed and connected to the underground workings;
– Over 19,000 tonnes of ore mined;
– Crusher operating within design parameters;
– Processing facility #commissioning now complete, meeting design throughput, with the mill being run on a campaign basis while mine ore production rates are ramped up;
– Dry waste management facility complete with filtered tailings being dry stacked;
– #Gold recoveries have reached 93% – on track to design rate of 96%; and
– 1,850 ounces of #gold produced since pre-commercial start-up.”
@nicholaslepanGood night folks, stay tuned over the weekend, there will be news, that is the things with news, it does not stop, plus I will be debating whether to initiate my position in $R, probably should have bought two weeks ago, because I feel gold may have a positive next week. DYODD
@Chase@nicholaslepan I look forward to hearing your thoughts on whether to initiate a position in $R. I am looking to add to my current holdings. When I was debating to initiate a position in $R the share price was fluctuating between .28 and .32 I purchased a small amount of shares and have been a happy shareholder since. It has been gratifying to see them move into production and put out drill intercepts with higher grade than their initial resource. Shoutout to @Guy if he still lurks here
@nicholaslepanI initiated a small position today in Red Eagle $R, to finish out my stock picking contest picks this morning. I am impressed with the management, it is moving towards commercial production, they have done extensive work with the community. I have visited the operations and was impressed with the team, albeit they could have been putting on the airs but nonetheless, seeing an actual mining operation working, and priced so low, priced the same as some discovery plays. I think this is a good fit for me. We will see, taking a chance here. DYODD
@nicholaslepan$R Red Eagle, there is plenty of exploration potential on site and the company has come up with a plan to reduce their underground mining costs, located. I plan to pick up more if it dips, or stays within a range, as funds become available to me.
@nicholaslepanI spent part of the day speaking with a young geologist from Colombia who visited the Red Eagle $R site with me back in November. He has come up with an evaluation of the Red Eagle Santa Rosa project based on some metrics beyond just the numbers such as environment, social, jurisdiction and community relationships. The report is quite positive about the project and the company and I do not know whether he owns shares or not, but nonetheless he does breakdown some key facts about the company and concludes that the company is trading near his valuation. I have attached the report here for you guys to read, with his permission. I own a position as well, but at the end of the day, it is still speculation, as there are tons of factors, but the more information available the better, take everything with a grain of salt. DYODD http://cdn.ceo.ca/1c9a1a9-RETHINKING-MINING-PROJECT-VALUATION-JAN-2017.pdf#Colombia#mining
@ExcelsiorThanks for that post @nicholaslepan. They gave Red Eagle Mining $R$RDEMF a project score of 99.2 out of 100. They do have a quality project that will benefit in the gradual upturn in #Gold prices, as things pick up the pace later in the year and into 2018. Good stuff!
SEDI_botRed Eagle Mining Corporation $R just filed 2 reports. View full report: SEDI:R
@Wannabeinvestor$R is a well-managed high-quality miner. The trouble is that it's small. Who would want to buy an operation with projected production of 70koz? Then again they have a market cap of 200m vs $ROG at almost 600m! $ROG is ultra high-grade (twice higer reserve grade), but it's in the same league in terms of production volume, i.e. sub 100koz, and in fact has shorter LOM. $R's LOM AISC profile is actually more favourable and both companies offer decent exploration upside as Santa Rosa is relatively underexplored while the mine is built with a view to doubling throughput once reserves increase (note Vetas is bound to add significant oz to the reserves). Which jurisdiction is riskier is anyone's guess. So I say $R looks like a relative bargain which should be re-rated once commercial production is declared later in this quarter.
@nicholaslepanSome insider selling in the month of January for $R Red Eagle Mining. Scott Turton, vice president of corporate development for Red Eagle sold 43000 shares at prices between 84 cents and 87 cents. SEDI:R
anonymousProb means he's quitting... lol. What's he gonna do when the mines built? His jobs done
click to invite
CB Gold to change name to Red Eagle Exploration
2017-02-17 15:14 ET - News Release
Mr. Ian Slater reports
CB GOLD APPLIES FOR NAME CHANGE TO RED EAGLE EXPLORATION LIMITED
CB Gold Inc. has applied to the TSX Venture Exchange to change its name to Red Eagle Exploration Ltd. The name change is subject to the approval of the TSX-V.