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@MiningBookGuy 6. $ORG Orca Gold So this one is much lower probability than $TGZ or $PRU $PRU.AX ...but hear me out, because at least one of the reasons is probably going to be intriguing to many of you: 1. Simon Jackson has been a director with $SWA since inception (i think). He was CEO of $ORG for a few years (being one of the key #Redback team members prior to $ORG). He then left operations to run $BDR.AX in #Brazil...and then was appointed as Chairman of $ORG. He is a significant shareholder of $SWA. Many parallels here with $PRU ... Simon Jackson connected to $ORG $SWA, Sean Harvey connected with $PRU $SWA. This is significant, but not enough on its own... 2. $ORG is struggling getting people interested in #Sudan. Now this could change with the ratification of easing/lifting of sanctions by the US in mid-2017 (and I sure hope so as a shareholder in $ORG!). See here for the original NR: @marketwired/us-treasury-department-announces-easing-of-us-sanctions I think the #IvoryCoast diversification is huge! But why not continue into other countries in #WestAfrica? And if you're going to continue, why not go with something further along in development...something that's in-between a more 'advanced' #Sudan project, and early-stage #IvoryCoast project? And wouldn't this solidify $ORG as a new, emerging mid-tier, especially with the parallel going back to #Tasiast in #Mauritania and #Chirano in #Ghana (with various earlier-stage projects as well)?... 3. but the 3rd reason is most intriguing... ~AUfrica
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@MiningBookGuy 6. $ORG Orca Gold point #3 cont... It would not surprise me at all if only a handful of CEO.CA were aware of the following news back in 2009: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/red-back-to-buy-moto-goldmines-for-513-million/article4355021/ I actually think this is a PERFECT place to end this super long ~AUfrica rant! The thing is, it's just amazing how much can change because one deal falls through, or a superior bid comes in. And this even gets back at the $SWA value proposition: Do people realize that the core $SWA team ran Moto Gold Mines, which is now the FLAGSHIP mine for $RRS.L Randgold in #DRC #Congo?? I have mentioned this before, and it's in $SWA materials. But really, there were only 2 #Tier1 mega Africa gold stories in the mid-2000s that I'm aware of: #Redback with #Tasiast, and #MotoGoldMines with #Kibali. Basically, what #Redback was trying to do in 2009 could be EXACTLY like what they could attempt here! But IF the $EDV $ACA.L merger HAD taken place, what $SWA has in the #SoutHoundeBelt could have ended up looking like what #Kibali is for $RRS.L and #AngloGoldAshanti as partner as a the top project/mine for a senior miner. So I am definitely reaching with $ORG as a possible acquirer or merger with $SWA ...but elements are there! And I only touched on 3 possibilities here...the big picture is that $SWA is much more 'open-game' for mid-tiers now, rather than being consolidated into a powerhouse major ~AUfrica
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@MiningBookGuy Time to step away from the computer...there are definitely gaps in my commentary (and many tangents). But this is one last post for people who are confused seeing only part of the discussion: Make sure to check the ~AUfrica panel, where the ENTIRE 'rant' is logged from beginning to end. Companies mentioned include: $EDV (own it) $ACA.L (do NOT own it) $ORR.AX (do NOT own it) $SWA - Sarama (own it) $TGZ (own it) $PRU $PRU.AX (do NOT own it) $ORG (own it) $SCA - Savary (own it) $RRS.L (do NOT own it) Anyone is welcome to post in the ~AUfrica panel, but just needs access. Primary focus is gold companies in Africa. But a close 2nd is anything related #Africa (just not other parts of the world). Just send me a private message or send a public message anywhere and tag @MiningBookGuy if you would like access to post! I have neglected ~AUfrica, and one of the reasons I wanted to get this rant out is to show a good example of the type of content I'm going for (but any questions related to this or similar stories in #Africa would be EXCELLENT follow-up content!). Ok, time to take a break! PS - ALL of the above is completely my opinion. I just enjoy trying to piece the puzzle together and using my imagination...and hopefully I'm correct on some of the positives. But it would be 'lucky' for sure if some of the positives I'm suggesting actually happens!
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@Excelsior @MiningBookGuy - Amazing coverage of the #WestAfrica #Gold scene as it is continuing to consolidate. There were far too many points for me to respond to but everyone should spend some time and read through that series of posts to see how this failed $ACA.L $EDV merger (due to the export ban in #Tanzania) really changed the batting order of who may get acquired next by both of those companies as they move to diversify into different #development stage and #exploration stage companies, or other small to mid-size #gold #producers. I'd also bring up that $IAG $IMG Iamgold is tied up in their merger with $MXI Merrex gold at present, so they are likely going to sit this one out. The first 2 companies I though of once the news broke was $TGZ Teranga and $PRU $PRU.AX Perseus as potential new acquisitions for $EDV or $ACA.L to get their production profiles expanded immediately. Persus is more in debt and encumbered with poor operational results at current gold prices, and is still a bit tied up with their Amara acquisition. $TGZ is solid, and really cheap at present, so if either of the big boys grabbed the next logical mid-tier it would likely be Teranga. However, the next thought I had after reading the deal fell through, was that $SWA Sarama or $SCA may get aquired by $TGZ to consolidate the #SouthHoundeBelt and compliment their Golden Hill project. In that recent $TGZ video posted from the #SwissMiningInstitute conference, they unpacked their increased efficiencies at Sabadola, their ramp of #development at #Banfora and then they went through their 3 other main #Exploration targets. Clearly, Golden Hill is the one they are putting their focus on, so it could make good strategic sense for them to acquire $SWA or $SCA to lock down more property in that area. It wouldn't be fair not to mention that $ROG Roxgold is also right there in the thick of the action in the South Hounde Belt and could also be a wildcard acquisition for $ACA.L or $EDV, or $ROG could surprise us all and be the company that does the acquiring of $SWA or $SCA. Another thought I had recently is that since $SCA is a Ross Beaty company and so is $ORG, I also wouldn't rule out those 2 being consolidated in his #Africa land grab. We haven't discussed $AKG Asanko or $SMF Semafo yet either, but they also may do some acquiring or $AKG may also get acquired by $EDV or $ACA.L. I'm actually surprised no other companies have made a move on $AKG or $ROG yet, and this brings up the point that there is also room for another large #Major or #MidTier Gold #Producer to decide to diversify into #WestAfrica and get in on the action. (I would NOT rule out a market surprise from another Senior miner coming in and locking up some of these projects). Lastly, it is important to bring up some of the MOST LIKELY candidates for #takeover or #takeout in #WestAfrica - those being 1) $HUM.L - Hummingbird Resources 2) $AVK - Avnel Gold 3) $ORE - Orezone. Since the deal with $EDV and $ACA.L is off the table, I could see both of those larger companies going after one of these 3 #Developers who are so much closer to #production than the earlier stage #Explorers. *** This is definitely going to be an exciting 1-2 years in West Africa where we'll likely see the number of companies consolidated down substantially in an #acquisition frenzy. Bring it !!! ~AUfrica
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@Brendan wow this went above and beyond @MiningBookGuy great job, very interesting. I have been pondering a lot of this for a while. I look at more producers than explorers, so was not aware of $swa $sca although i do own $org . i haven't seen it mentioned, but $rsg.ax might be a dark horse acquirer of some of these down the road (they have become a billion dollar market cap company so their shares would be useful taking out some of the cheaper competitors) all in all i am probably most optimistic about $tgz right now (i don't follow the small explorers much so maybe if i did i would pick $swa as my top pick - who knows?) i feel right now about $tgz the way i felt a year and a half ago about $edv
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@fbx258 @miningBookGuy fabulous work. I bought $SWA and $TGZ lately and have the $PRU warrants from the deal last year. Looking to add to $SWA here. I did some viewing on $PRU and $TGZ and right now, $PRU looks the most attractive for a spec play.
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@MiningBookGuy @Quantum - thanks for the kind words and recommending ~AUfrica to others! @fbx258 - thank you as well! and glad to see your interest in $SWA $TGZ $PRU $PRU.AX. I think $TGZ pulled away from $PRU over the last 12 months. But the next 12 months should be key to see if $PRU gets back on track, or if $TGZ really takes advantage of being in a 'stronger' position (which they are from a cash and production asset perspective). Many similarities in terms of what these 2 companies are trying to accomplish.
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@fbx258 @miningBookGuy I picked up some more TGZ.ax today on ASX, issue i have is the with $TGZ.ax is they are alittle slow under their management. My favourite is $RSG.ax lead by Jon Welborn. Check out RSG.ax took a 5% stake in $OKU.ax near $HUM.L Yanfolia project.
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SEDI_bot Sarama Resources Ltd. $SWA just filed 23 reports. View full report: SEDI:SWA
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@MiningBookGuy @fbx258 - lol, are you an Aussie? it's a funny coincidence that I actually posted the $OKU.AX news just a few hours before you did, because usually I forget, and almost no one else ever comments on the company! (usually only @mike) With that said, good catch on your part, and you can see my post and other posts in the $OKU.AX room if you scroll up. One thing to note on $TGZ.AX - it doesn't seem as liquid on the ASX as the TSX (which is why I usually only tag $TGZ). On the other hand, $PRU.AX is very liquid and much more of an ASX focused company, even though it is also listed on TSX). Just pointing this out for others who are getting interested in either of these #WestAfrica mid-tiers. $RSG.AX is definitely undervalued BECAUSE they are only listed on the ASX. But I strongly believe they bought shares in $OKU.AX for the properties that are next to $BTG #Fekola, and not the $HUM.L properties. You are correct they have some near $HUM.L #Yanfolila. But of all the smaller juniors, $DAU is actually the best located if you're looking for something near $HUM.L (they have a property literally surrounded by #Yanfolila in #Mali, so this is very interesting to me as a $DAU shareholder). Lastly, you commented in the $SWA room, which is actually relevant! $SWA has #KandioleSud, which is adjacent to one of the prime $OKU.AX properties. It's been dormant, but is instantly increasing in value from this, which is great for $SWA shareholders like myself! I think it's just a matter of time that they monetize it, and the market has completely forgotten about this very well placed property. #WestAfrica
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@fbx258 Good pick up on $swa and yet MC is under 20m whilst $oku.ax trade near 80m AUD. Big difference and imo overly expensive.
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@MiningBookGuy @fbx258 - good to hear! lol, i try not to talk publicly about 'my broker'...but the cat's out of the bag! and he seems to be doing everything he can to get exposure now, with an IKN spotlight today :P btw, this is still $SWA room. i'll send you to a direct message to continue conversation so that it doesn't clutter here for the 'non-SWA' talk. And I absolutely agree on $SWA vs $OKU.AX ... $OKU.AX is being priced similarly to $AU ...investors/big players are thinking either of these can be a 'grand slam', with $OKU.AX on limited drill results, and $AU still at the pre-drilling stage for Risti the new flagship project
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@fbx258 Lastly, I owned $hum.l for some time, but going into ramp up phase put me off and I moved the money into Silver miners... I hold alot more Silver producers than Gold but will start to buy a gold. We have some cheaper gold miners on the asx. $rms.ax $rsg.ax $dcn.ax etc
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@MiningBookGuy @fbx258 - just a heads-up that i'm having trouble adding you to a private room. not sure why you aren't showing up...i will check with @murat, but this is my last post specific to that in the $SWA room. btw, i did own $HUM.L as well up until mid-last year. i think recent events have been very positive, but i'm generally much more interested in earlier stage exploration right now (and $HUM.L has plenty of exploration potential, but the value is tied up in #Yanfolila construction at the moment)
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@fbx258 @mininhbookguy deleted the broker message. Sorry, just new to using this app. I'm used to hotcopper. I sold $hum.l because of ramp up issues that may occur, and the decline of silver miners vs gold. Expecting ratio to shrink and GoldEq in silver to rise. As for Gold, TSX miners are either over valued or under valued. asx has some cheap options..... Added some $swa today again.... Hoping for a big boom along with $mun
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@MiningBookGuy @fbx258 - no prob, you're doing a good job with tagging! And I'm glad we're on the same page with some of my own 'top picks' :) You should check the #feedback page (just click that link). I wrote a question to @Murat there. I think you will benefit from private messaging, but I'm not sure if you're able to access it right now...my guess is that's related to your user-name, maybe a bug. I won't tag #feedback again until @murat checks it.
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@MiningBookGuy SEDI:SWA - confirming lots of 'insider buys' over night, via the warrant acceleration. $SWA has one of the best insider ownerships of any management team in the junior space at ~20%, with management regularly participating in financings. I believe every director participated in this warrant acceleration/'financing'. And #SunValley is a cornerstone institutional holder that took the bulk of this one.
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@Goldfinger @MiningBookGuy Do you know the total amount they raised via warrant acceleration? $SWA
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@MiningBookGuy @Goldfinger RE: $SWA Warrant Acceleration- "Since the announcement of the Incentive Program on February 16, 2017, an aggregate of 7,263,333 Original Warrants have been exercised, resulting in gross proceeds to the Company of C$1,452,666.60." @marketwired/sarama-resources-announces-completion-of-warrant-exercise
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@FundamentalAnalysis @Brendan Lets hope your feeling on $TGZ works out, I'm quite heavy in that stock as I cannot find a properly functioning, risk adjusted producer thats cheaper in West Africa....only thing bothering me is Franco's stream on sabadola which is crippling FCF potential otherwise sabadola would be Excellent at current gold prices. Hopefully Teranga starts funding everything else using just debt and equity,.....based on Richards comments seems like that will be the case. $SWA and $ORG both great stories as well, high insider ownership which I like, and ounces in the ground with upside exploration potential.......
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@MiningBookGuy Being Patient and BUYING THIS DIP in the mining sector - March 2017 https://www.youtube.com/watch?v=eFtTNmbOPzU+ #TheNextBigRush Some useful tips, and special $SWA mention in the middle! *DISCLOSURE: @TheNextBigRush, @Jayfire, and I all own shares now :)
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@fbx258 @MiningBookGuy Great work dude... excited for Saramas big move.
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@splatapus @MiningBookGuy Could you give your thoughts on $ACA right to acquire 75% of $SWA biggest deposit (South Houndé)? The company lists itself as 3.2Moz inferred gold but a rough calculation of the total amount it actually has rights to: South Hounde + Karankasso + Bondi: (2.1Moz * 25%) + (0.7 Moz * 31%) + 0.3 Moz = 1.04 Moz. The biggest deposit it only has 25% of the rights to, are the other two even substantial enough to justify a takeover by another miner? Why would $ACA buy out $SWA in entirety when it already has 75% rights to the biggest chunk? Would like to hear your thoughts, thanks!
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@MiningBookGuy @splatapus - sorry for the delay getting back to you on $SWA question. i guess there's 2 parts to answer:
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@MiningBookGuy @splatapus 1. 'Big Picture' - #CONSOLIDATION regardless of percentage ownership on any of the properties, you have to understand this is about consolidating the district, and there's plenty of discoveries to be made. $ACA.L wants 5M+ oz at a minimum. More ounces will come via a combination of consolidating properties and making further discoveries. There are 3 resources to learn more about this: a. http://www.mining-journal.com/gold-and-silver-investor-hub/gold-and-silver-investor-hub-resourcestocks-company-profiles/sarama-sees-something-big-in-south-hounde/ study this one. it's the best single resource for learning about $SWA value proposition quickly. b. https://www.youtube.com/watch?v=RaANyHF1Yd8+ my recent video. it's very long. but if you have the time, i think it will still help understand the different components. c. https://ceo.ca/~aufrica?4b939a9dd5a5 my $SWA focused rant in the ~AUfrica panel. this is also long, but in written form, with a section devoted to $ACA.L analysis
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@MiningBookGuy @splatapus 2. $ACA.L specifics First of all, it's very important to realize that $ACA.L needs to spend 7M USD to go from 50% to 70% ownership, then a further purchase to get to 75%. We really don't know if $ACA.L will fulfill this phase of the earn-in agreement. You can verify the details here: http://saramaresources.com/getattachment/c04c2645-d2a5-47aa-aeb1-baeb64c39f9a/Sarama-Resources-And-Acacia-Mining-(Formerly-Afric.aspx 3 things could happen right now: a. $ACA.L spends 7M USD over the next 2 years, progress is made with further discoveries, but nothing ground-breaking. And then $ACA.L decides what to do next. b. $ACA.L backs out of the agreement at any time prior to the end of 2018. Any amount they spend that is LESS than the full 7M USD...then $SWA still retains 50% of the project. c. $ACA.L makes a very significant discovery BEFORE the end of 2018. It's possible $ACA.L would immediately acquire $SWA at this stage. If 'b' happens, then you would definitely want to look into the ~AUfrica rant I provided. If 'c' happens, it completely makes sense for $ACA.L to want as much as possible surrounding this area. The model is $SMF in the northern part of the #HoundeBelt. They had an initial mine...and just kept making further great discoveries, adding millions of ounces over time. This is what every producer wants-- a great mine surrounded by excellent exploration potential.
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@MiningBookGuy @splatapus - i've got to head to bed soon. Not sure if I fully answered your question. Happy to provide follow-up if needed. Most important point is that $ACA.L OR one of the many other producers with interest in #BurkinaFaso will likely want to #consolidate this entire area where $SWA has interest.
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@fbx258 @miningbookguy top class analysis my friend. Added more... Again...
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@splatapus Thanks @MiningBookGuy Your video [https://www.youtube.com/watch?v=RaANyHF1Yd8+] from 20:25 to 22:15 shows that Sarama holds the most prospective land out of Acacia's Burkina Faso joint ventures. I guess Acacia is spreading out the risk in Burkina Faso by dipping their toes in each of these JVs in the Hounde Belt [http://www.acaciamining.com/operations/exploration/burkina-faso/south-hounde.aspx] by putting a little exploration money in each. The part that I'm hesitant on is the rights that Sarama has. If Sarama had owned 100% of all 3 adjacent areas outright this would be a steal, but rights for 31% and potentially 25% just confuses me. Maybe it's because I'm new to this. I guess worst case is a. from your list. Then in that worst case scenario Sarama still has Bondi which it says is profitable at gold price of $600/oz, pre-tax NPV $120 million, ignoring the other 31% of Karankasso and 50% of South Hounde. And I guess Acacia taking over management of the South Hounde project shows their commitment [http://saramaresources.com/getattachment/5220e4af-6e2c-4845-bdd4-5865d12d09cf/Sarama-Resources-Provides-Progress-Update-For-Sout.aspx]. I guess Samara isn't a story where you're getting exciting drill results every month, it seems much slower inflow of news, thus not much excitement for share price.
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@MiningBookGuy thanks for comments @fbx258 & @splatapus! @splatapus (btw, funny handle when you say it out loud!) - there's 2 immediate responses to your post: 1. the confusing aspects for $SWA have been a problem from a marketing perspective. I felt the need to make some videos, because people CONSTANTLY have difficult valuing the different components, and trying to piece them together. The most frustrating aspect has been than people actually valued $SCA (Savary) equally or higher than $SWA for a long time. Hopefully this aspect got put to rest with the last video I created (btw, I still own just a few shares in $SCA because it has its own merits). But it's still difficult to concisely describe the details to someone looking at $SWA for the first time. 2. $SWA had to survive the bear market, just like other juniors. To their credit (and I really mean this), they pulled off a fantastic JV with $ACA.L at the end of 2015 when $SWA was selling for CASH, with 1.5M oz of gold in the ground. It was one of the biggest no-brainers for buying 'before' AND 'after' this JV...but very few people were paying attention the entire time. I will add some further comments on this later. But this needs to be put into context for how the industry looked a few years ago. Also, there is PLENTY of opportunity for exciting drill results around the corner. I will also comment further on this soon. But on this aspect, I think your assessment is correct. To your point, I do wish $SWA had some improvements on news flow...they do tend to stack drill results into massive NRs. With that said, some other companies exploit drill results and I would NOT want $SWA to stoop down to the levels of releasing 'flashy' results every few weeks that aren't meaningful. This is NOT a 'promo' company...but it could use a bit more promo. Anyway, I'll try to add some more details on all of this soon when I have more time. I appreciate your post!
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@wilwal What, exactly, is SWA doing on Bondi right now? Has the ownership transaction been completed yet? Their presentation is difficult to read as to what SWA is doing for exploration beyond the two JV's. The way I read it, the company itself is spending around $800,000 this year but I can't find the what or where.
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@wilwal Bondi appears to be stuck in government red tape.
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@wilwal Good news is that insiders and related parties took up half of the warrant incentive program. That is bullish for the stock. Less impressive is the fact that it is now mid April and there is no sign of Dec 31st financial filing. They normally file in less than 2 months after the quarter. This is not helpful. Investors tend to view tardiness like this as unrevealed bad news or at least poor management. SWA's accounting is extremely simple so there is no excuse for taking this long. New investors or existing investors who are looking to add need timely balance sheets to assess their investment. In the case of a tiny explorer like SWA, it is primarily the cash position that is of interest. Investors at this point will have no clue as to SWA's cash position to assess what they are capable of doing on the ground.
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@MiningBookGuy @splatapus @wilwal - well I'm glad I waited to respond, because @wilwal is helping me focus the additional details! So I had a great call with Paul Schmiede, VP Corp Dev at $SWA late last week. I have many similar concerns that @wilwal and some others have mentioned to me privately recently. I will share some notes from the call. But please keep in mind I am NOT an authority here, and anyone should consider calling the company themselves...both Andrew and Paul are excellent at explaining things directly: -there's a 'commercial' side to Bondi, and 'technical' side. On the commercial side, yes, there is and has been government red tape. Progress is being made...but I believe this is a reason some work hasn't been accelerated , and we haven't seen NRs. BUT, there is technical work being done already! There are soil surveys and geochemistry testing. There's a massive drill database being reconstructed for more confidence. I think most importantly, soil geochem results will help with targeting, and there is 'modest exploration potential' BEYOND the resource already present (which is a very good resource as previously discussed). I don't want to go into more #Bondi details (and don't have many more notes any way). But I am assured that this is moving forward. While not too much money is being spent on it this year, it's a very key asset, and I hope we see an NR soon to verify some of this info. Again, consider call the company directly for your own due diligence. I will continue with notes in the next post...
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@MiningBookGuy @splatapus @wilwal - more $SWA notes: This is not news, but very key to the understanding of what's going on: Both Andrew and Peter Spora from $ACA.L were on site in #BurkinaFaso last week. As previously noted, Peter Spora runs exploration at $ACA.L. I have been somewhat concerned about $ACA.L's current focus and moving things forward with the South Hounde JV, especially with this operational crisis in #Tanzania. I have a feel this is a strong signal that $ACA.L REALLY wants this to work out! $ACA.L needs to diversity outside of #Tanzania. Now the #SouthHoundeBelt properties might not become 'Acacia-sized'...this is to be determined based on further drilling results in 2017 and maybe 2018. But there's LOTS of activity. If anything, there might be a delay on these results because of ~600M holes that take a while, and a priority is for $ACA.L to find something deep. But there should also be results from AC drilling around this deposit...I don't know when they're coming, but I think we will see news here soon as well. And another post coming with more notes...
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@MiningBookGuy @splatapus @wilwal - more $SWA notes: I think the #Karankasso JV with $SCA will have more drill results soon as well. It's important to keep in mind there could be significant progress here. For me, #Karankasso is #3 on the list. BUT, I would love to see news flow from all 3 'main' projects within 1-2 months of each other: #Bondi, #SouthHounde, #Karankasso. I still think the market gets confused on all this, and how they interact with each other (and this is somewhat to the point of @splatapus earlier). I mean, even I felt 'a bit' concerned about coming news until I talked with Paul. But it really was a great conversation, and it's just on $SWA to get rolling with it. There are other things going on I won't comment on right now. But again, these 3 projects are the main focus. if we see 'good' news here, and THEN see some other stuff (whether it's $SWA driven or results from other companies around $SWA), it will be icing on the cake, and hopefully get the momentum going by the time we hit mid-2017.
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@MiningBookGuy btw, really good to see you posting over here @wilwal! always good to ask questions and mention concerns. I didn't think of the financial filing on SEDAR, and did notice there's not an updated on yet. I agree it's important for juniors like $SWA to be up to date on this stuff. But I follow many similar juniors, and others have been as late (or later) on their own filings. Importantly, I think this recent financing should at least confirm that dilution remained minimal, and there should be no expectation of a 'cash crisis' in the short-term. But I do hope to see a new filing soon, and more importantly, some solid news flow as I've described above. BTW, I will send you a private message here in a minute. Sorry for not getting back to you on stockhouse for a while...I'm just a lot better at communicating on ceo.ca these days!
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@MiningBookGuy RE-POST for additional tagging: Savary Gold Drilling Returns 1.95 G/T Gold Over 14 Metres and 19.91 G/T Gold Over 2 Metres both Approximately 60 Metres from Surface @thenewswire/savary-gold-drilling-returns-195-gt-gold-over-14 $SCA $SWA #gold #BurkinaFaso #drillplays ~AUfrica This is drilling for the 69.5%/30.5% $SCA (Savary) / $SWA (Sarama) #Karankasso JV
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@marketwired Sarama Resources Reports Further Q1 2017 Drill Results for Karankasso Project in Burkina Faso @marketwired/sarama-resources-reports-further-q1-2017-drill-results $SWA
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wannabeinvestor the market says 'yawn'
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@wilwal Reasonable, but not exciting. I would have liked to have seen 20 meters over 3gr/tonne but no luck this time. Still, about 90% of holes returned significant results which is impressive. I am looking for SCA to bring home 1.5 million oz by the end of 2017. If they do, it will be the catalyst for ACA to bring all the related properties under their sphere.
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@MiningBookGuy So as @FundamentalAnalysis just mentioned, I DO like what was said in this #EuropeanGoldForum presentation for $TGZ: http://www.europeangoldforum.org/egf17/company-webcast/TGZ:CN/ powerpoint link here: http://wsw.com/webcast/egf17/tgz.to/presentationDownload.pdf There was a surprising amount of focus on #BurkinaFaso. Very good questions that started ~14 minutes in...a lot on #Banfora, #GoldenHill, #Gourma. Note that Richard Young specifically said "Golden Hill is really a gem", and it came up multiple times. Absolutely, there is a direct relation to $SWA here. I highly recommend $TGZ / #BurkinaFaso / $SWA - $SCA interested people watch this, and look for their own clues. Really good stuff! #WestAfrica ~AUfrica
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from ~aufrica,
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@Goldfinger Nice look at $SWA market depth on #CEOPro http://cdn.ceo.ca/1cf9ohf-SWA_level_2.png+
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from #index,
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@Ruffus23 Coincides with edv news of more cash/dillution? Something in works? Purely speculation. All my West Africa holdings going great today except edv and tgz.
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@Goldfinger Hey @MiningBookGuy is that you buying up all that $SWA?
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from #index,
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@MiningBookGuy @Excelsior RE: https://ceo.ca/~aufrica?7d211c0df867 $TGZ - thanks for posting this excellent #SeekingAlpha article from @Jayfire! Since it's already in ~AUfrica, I am compelled to quote/tag the key area that @Jayfire commented on in the middle of his article: --- "In terms of potential new discoveries (with district-scale potential), without a doubt, #GoldenHill is currently the most promising target on Teranga's radar. Golden Hill is located in the prospective #SouthHoundeBelt, which is surrounded by companies and resources such as: #Mana (Semafo; $SMF OTCPK: $SEMFF), #Yaramoko (Roxgold; $ROG OTC: $ROGFF), #Hounde (Endeavour Mining; $EDV OTCQX: $EDVMF), South Hounde (Acacia Mining; $ACA.L), South Hounde and #Karankasso [*and #Bondi ...I added this in!] (Sarama Resources; $SWA OTC: $SRMMF), and #Karankasso (Savary Gold; $SCA OTC: $SVVYF). There is a popular saying, "If you want to find gold, the best place to look for it is in places where others have previously found it." With that said, #GoldenHill is certainly located in the right address for gold prospectivity. Golden Hill was acquired along with #Banfora in the Gryphon Minerals transaction, and it is currently structured as a joint venture partnership with Boss Resouces ( $BOE.AX). Teranga has prioritized 10 targets for more advanced exploration work in 2017." --- Of course, $TGZ has great stuff going on in #Sengal, #IvoryCoast, and other parts of #BurkinaFaso as well. But in terms of near-term excitement, I completely agree with the focus on #GoldenHill as @Jayfire described so well above! ~AUfrica
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from ~aufrica,
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@FundamentalAnalysis @MiningBookGuy I think you can turn $SWA into a 200bagger, lets get those classic vids of yours up LOL
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from #mbgtrends,
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@MiningBookGuy @FundamentalAnalysis - lol! i think $SWA would need a lot of help from the gold price AND exploration success to get to a ~200-bagger from the bottom...but it could happen! I actually think the best chance out there right now is $AU. I'm not sure what the 'all-time' low was...but i am seeing 0.03 CAD from a few years ago. It hit a high of about 2.03 CAD recently...so already ~67-bagger there. AND, many people smarter than I am think it could easily multi-bag from here! For the record, I own very few shares now, and took most of my ~3-4 bagger money in $AU to other places. But out of ANYTHING I follow right now, it seems like some people are betting this could be a ~1000-bagger from the bottom in this cycle...which is absolutely incredible, and I don't think anyone has really discussed that yet! We'll see soon enough if those 'gold boulders' at Risti really imply the motherlode is just a few drillholes away...
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from #mbgtrends,
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@HHorseman Hey! I did ran correlations for some of the most watched gold companies here on CEO. I will probably add more later. http://www.thehedgelesshorseman.com/gold/look-gold-miners-correlation-numbers/ It would be interesting to run simulations to see if a low correlation portfolio would have had a better risk adjusted return than a high gold beta/ high correlation portfolio, but that is for another time. (A high correlation number between two stocks imply that they move very much in tandem and vice versa). I personally own quite a few stocks that seemed to have low correlation with GDX/GDXJ... My portfolio did not keep up with the Q1 rally in the mining indices. Since then I have added a small position in 3x Bull/Bear GDX depending on where I think we are in the intermediate cycle. This has worked out pretty well so far, since my core portfolio (100% long) was up the last couple of days while my 3x BEAR GDXJ/GDXJ ETF' also showed profit. Anyway, do not read too much into these correlations IMHO for the reasons specified in the post, but it may be a tool to lower portfolio volatility. $SSP $NVO $ORG $SWA $GQC $IDM $SBB $CNL #Gold
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from #org,