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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.
@racker#Copper rocking but little movement in the explorers such as $TMQ, which controls a polymetalic district in Alaska, $TAU, which is permitting a high-grade deposit in Montana, and $AQM, which has a 30% beneficial ownership of the Zafranal porphyry in Peru. Same goes for $BAY, which is exploring for high-grade copper in Nunavut with BHP.
@StarFireSomething funny I noticed and a #Permitplays still in play is $TAU ...It says per my TD/google finance says a whopping 324 Million shares outstanding...but my INK insider report says 200 million shares owned by Sandfire Resources, 35 Million in GRAT Holdings LLC..(now this is awesome) 46 Millionw with Electrum! (Thomas Kaplan) and 47 Million to none other than Soros Fund Management LLC....but how can they hold more shares than total share count?
@nobshereU like Copper !! $TAU mr trump likes im sure !!The mine will be built twelve miles away from nearest waterway, Moreover, Tintina Resources will use a process called reverse osmosis to treat all of its contaminated water. The treated water is clean enough to drink and will be released into an underground filtration system.Once the copper ore is extracted, reclamation will begin immediately with the back filling of the tunnels using cemented tailings, or “paste backfill.” This process leaves only 1-2% of the mine open at any time. Located north of White Sulphur Springs, the project’s property includes the Johnny Lee Deposit, which contains a copper concentration 10 times higher than many existing mines. The Black Butte Copper Project will be an underground mine. http://www.tintinaresources.com/
@StarFire@nobshere@Leon did you guys see the chatter about $TAU up above, there were a few articles written not too long ago, even @tommy wrote an article, could this not become a stock darling?
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@StarFire....and I still don't get...the insider shareholding of Sandfire,George Soros, Electrum and another major holder means there's next to no retail shares available
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@tommy@starfire$TAU's Black Butte a rare real high-grade USA copper deposit, persuasive but misinformed permitting opposition, a massive CSR effort when I was there in approx Sept 15. Controlling shareholder Sandfire holds all the cards, Aussie based and waiting for permit. I don't think they are motivated to promote Tintina's stock (cheaper control) but it has always looked like a cheap gem to me. I'd like to connect with the new TAU CEO. They were a CEO.CA sponsor back then. I enjoyed visiting White Sulphur Springs MT. My story http://blog.ceo.ca/2015/09/25/tintina-resources-black-butte-montana-site-visit/
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@StarFireThanks @tommy the story makes sense and I'm sure more people will take notice in due time
@ayeyou@nobshere you posted about $BFD having too many shares out but now pumping $TAU which has 120 mil more out than BFD. $TAU has some serious issues re ever getting a permit....two or three years and you will maybe get an answer on that. Opponents argue that mining's boom-and-bust economics, poor environmental record and Black Butte's proximity to the iconic Smith make the project too risky.
Tintina first submitted a mine operating permit late last year. DEQ returned it with a list of "deficiencies", ranging from some minor typographical errors to incomplete data for several sections, including geochemical and hydrological testing.
A review team hired by mine opponents Trout Unlimited and Earthworks also faulted the original application's completeness.
Tintina's latest application aims to fill in missing data as the state moves to approve or deny the permit.
"I want to thank the Montana Department of Environmental Quality for their professional and thorough approach," Tintina CEO John Shannahan said. "Our application is now more comprehensive because of the excellent questions posed by the DEQ."
The amount of new information in the revised application will make review within the legally mandated 30 days challenging, said Kristi Ponnozo, DEQ public policy director, and the agency will potentially request an extension.
Earlier this month Tintina also went back to investors to generate additional funds. Because the company is not turning a profit as it works towards Black Butte, its approximately $4 million per year in expenses is paid through upfront capital.
The stock offer aims to raise nearly $5.6 million primarily from majority shareholders Sandfire BC Holdings Inc. and Elctrum Global Holding L.P. The purchase will raise the firms' ownership stake from 73 percent to 81 percent, according to the offering.. http://www.4-traders.com/TINTINA-RESOURCES-INC-1410725/news/Tintina-Resources-latest-permit-application-may-take-extra-time-to-review-23122547/
@Sarbyou have all the time in the world to buy this stock. They have applied for the permit. They may/may not get the permit in the year 2017. Until then this stock will trade sideways... like it is doing since last 2 years.... More than enough time to buy this....Let it get the permit first as it looks like there are issues with getting the permit in that area....
@nobshere@Sarb Can u say TRUMP won All those Dem politicos/ Environmentalists/ People with other agendas will be expunged from the EPA....Trump wants job creation -reliance on home supply !! Project gets the go ahead in short order Of that I have little doubt $TAU#loadup and hold on for the reward will be huge
@StarFireI'm glad $TAU is getting some chatters.. it's interesting to consider permits and perception...something like $NDM is located next to the largest sockeye salmon fishery in the world, and would cost billions of dollars to build (with whose money?), while the EPA and other powerful parties are vehemently against the project, but because #Trump came to power and Kat's kindly mentioned it, it's being valued at a billion dollars...vis a vis $TAU that is located next to a river which generates (per @Sarb article, $10 million in economic activity and is opposed by a 'commissioner' whatever that means) and this is being valued for peanuts...and I'm just curious why Sandfire, Soros and Electrum are holding all these shares...and what mine hasn't had opposition?
@Sarb@ayeyou - $TAU - They are not yet able to get a proper review done on their permit application yet. Once the application is accepted, it may take around a year +- for the final results. i.e If they are allowed to mine there or not. Too risky (at this juncture) to put the money on something that hangs downwards right now. But if they get the permit say after a year, then it is an interesting play, but until then, too much risk and as you said everhang :)
@ayeyou@Sarb One year would be an awfully quick approval considering you have paid gunfighters fighting the battle on behalf of environmental groups against the mine. $TAU will be lucky to get permit at all and if they do it will be a 2 or 3 year ordeal. * MEIC has produced some 20,000 “No Smith River Mine!” bumper stickers, which are “flying out of our office,” Johnson said. It’s launched a public awareness campaign in response to the project, even hiring a company to make T-shirts and hoodies.
Trout Unlimited has hired a team of experts including a mining engineer, hydrologist and chemist to review Tintina’s application for a mine permit, Cooney said.
“We want to make sure they’re put through the ringer,” he said.
The Troy mine, which is now closed, was the last copper mine to be permitted in Montana. The permit was issued in 1978, said Kristi Ponozzo, the DEQ’s public policy director.* http://www.greatfallstribune.com/story/news/local/2015/12/05/montana-copper-mine-spurs-debate/76824372/
@StarFireSorry boys, I feel somewhat responsible for this, if you look in the $TAU room, on Feb 12 two days ago, I wrote briefly on comparing $NDM to $TAU, very different projects but I was only pointing out the hurdles vs valuations that companies have to go through...I didn't think Kerrisdale would rip me off to formulate a short seller investment thesis in a highly unoriginal and pedantic piece of work...