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.
@MiningBookGuyRE-POST with tags + comments + different link:
Sarama Resources Targets Extensions to Mineral Resources at the South Hounde Project in Burkina Faso http://saramaresources.com/getattachment/6744ec68-fe9f-4050-9546-50353eb6ad66/Sarama-Resources-Targets-Extensions-To-Mineral-Res.aspx$SWA$ACA.L#drillplays#BurkinaFaso#SouthHoundeBelt 7,400 meter drill program has commenced
-This NR link directly from the company website should help interpret the drill plan. It's easier to just scroll down and zoom in.
-I like this mix of drilling. The 'depth extension' Diamond Drilling and 'linking structures' AC drilling are similar to much of the last campaign. This is very clearly focused on going for an 'Acacia-sized' deposit, looking for deep, high-grade extensions, and getting a better handle of the structure since it's very complex. But this type of drilling may require a lot of follow-up to increase the resource.
But the 'corridor extension' at the Djimbake Prospect could immediately increase the resource. Even better, it could increase it for a 'Sarama-sized' deposit that is smaller scale, maybe heap-leachable. In 2015, Sarama had success 'discovering' mineralization across the entire Kenobi Prospect on the map (just a bit north of Djimbake). This is very similar. Even low-grade, near-surface mineralization could be valuable throughout Djimbake. I look forward to seeing these results, and it's great to know that $SWA has a very solid 'back-up plan' if an 'Acacia-Sized' deposit doesn't work out with $ACA.L.
-While the NR does not make this crystal clear, I believe all of this drilling is BEFORE $ACA.L enters the next phase of the earn-in. This means that this drilling is kind of a 'bonus' (IMO), as the last part of the initial $7M USD spend for Acacia to earn 50% of the project (I initially thought this was all spent). I should clarify this with management soon. But it would be nice if this was true, meaning a full $3.5M USD spend is available starting in January 2017 for the entire 2017 year on the South Hounde Project.
-This IS in the #SouthHoundeBelt. But it has NOTHING to do with $SCA (Savary Gold). $ACA.L (Acacia Mining) is earning into the South Hounde Project owned by $SWA (Sarama), which already has a 2.1M oz inferred resoruce. I am sure at least a few people misinterpret this, because it is confusing with the similarity in names and proximity. But it's one of a few key reasons I like $SWA (Sarama) far more than $SCA (Savary) at today's respective market-caps/price-levels. It's exciting that $SWA has exposure to 2 separate drill programs right now.
@MiningBookGuy$WAF$WAF.AX - West African hits 9m at 94 g/t Au at M1 South, including 2m at 282.61 g/t Au http://www.asx.com.au/asxpdf/20161128/pdf/43d8184s5yjt3z.pdf#DrillPlays#BurkinaFaso#gold#index
• Further high-grade results at M1 South: 9m at 93.55 g/t Au from 183m, 11m at 7.43 g/t Au from 279m and 7m at 6.92 g/t Au from 293m ended in mineralisation
• Deepest results to date, outside current resource area, down dip of previous drilling
• New results to be included in resource update in Q4 2016
• Feasibility study on track for reporting Q1 2017
• $19.5m cash at bank and no debt
click to invite
@MiningBookGuyhey ~AUfrica followers! i really need to catch up on posting some interesting content here (much of it is hanging out on my twitter feed). But here's an unexpected one that just hit my email inbox:
@MiningBookGuy$MOD.AX - Mod Delivers Robust Scoping Study For T3 Project http://media.wix.com/ugd/a5d095_0cb7d78ec1cb49199df301a80ed14447.pdf#Botswana#copper#silver#Africa#index
A preliminary base case model has been prepared using a consensus copper price of US$2.53/lb Cu.
The base case model indicates robust financial metrics which include an estimated average annual pre-tax cash flow of approximately US$44M pa, a pre-tax NPV10% of approximately US$180M and an IRR of approximately 31%. LOM C1 costs are estimated to be US$1.29/lb Cu including silver credits.
The estimated project cost (±35%) is US$135M (MOD share US$94.5M), including US$18M capital for pre-strip costs and US$18.3M contingency. The expected payback period is 2.6 years.
@MiningBookGuyStillwater platinum deal runs deep http://www.miningweekly.com/article/sibanyes-stillwater-platinum-deal-runs-deep-2016-12-09/rep_id:3650$SWC$SBGL#Platinum#Palladium#PGMs#gold#SouthAfrica#Africa#Montana@Hunter@Excelsior - some more insight on the transaction in the article above. In addition, @Hunter might want to know more about $SBGL history. If you didn't check that room closely yet, I made some commentary here over the summer: https://ceo.ca/sbgl?86cab51b8bb5
I personally think this is a very interesting transaction, not what I expected in terms of being outside of #Africa. BUT, it we may look back at it as a brilliant transaction, since there are so few PGM producers in 'safe' jurisdictions like $SWC. Of course, it needs to be voted through in 2017, so we'll see if shareholders are happy on both sides.
Last thing, a quote from the end of the article:
[In #gold, Sibanye is in the top ten with 1.5-million ounces a year and it sees the window of acquisition opportunity in gold reopening.
“We believe that this is a transformative transaction at a positive time in the cycle. With world-class operating assets and resource base, we are creating a cash-generative, globally competitive, South African mining champion,” Froneman added.]
Don't be surprised if they follow this up with a #gold transaction in #Africa, which is why this is very relevant to ~AUfrica. In any case, $SBGL is showing they are a big player this cycle!
click to invite
@Excelsior"Don't be surprised if they follow this up with a #gold transaction in #Africa, which is why this is very relevant to ~AUfrica. In any case, $SBGL is showing they are a big player this cycle!" - @MiningBookGuy
Well said !! Now, the challenge is to pick the acquisition targets before the big boys move in and scoop them up. Thanks goodness for this panel where we can all stay updated on mining activities in #Africa .
click to invite
@MiningBookGuyOk, so this mega-post is in response to all the $TGZ comments last night...you've basically forced me to do this! haha
I'm posting in ~AUfrica, but this is focused on the #mbgtrends commentary (in case there are people checking the $TGZ room and are a bit confused).
Incredibly, $TGZ seems to have turned into an #mbgtrends group pick! I'm not sure how I feel about that (I don't usually work well in groups, lol :P ), but there's definitely good reason for us to like it!
Yes, I am big fan of $TGZ recently. Last night, there was a $TGZ lovefest here, with @Jayfire@FundamentalAnalysis@Excelsior@zadman ALL saying they like $TGZ, many having added recently! And then @onlyflaws & @alan showing interest too!
Here's my full disclosure:
I bought my first shares a month or two ago at 1.05 CAD. And I bought another batch right at the beginning of this week, around 0.80 CAD. Literally less than an hour before @Jayfire announced "this stock looks cheap", lol: https://ceo.ca/tgz?5fb6a5ce4db3
Based on current trading, clearly I made a mistake and should have waited until now! But I don't regret it, and now I'm trying to figure out if I should start to go big on this one, despite not having much available cash left (btw, I do sell juniors regularly to 'raise cash' for others, playing the 'relative value' game).
So without turning this into book (just a long essay), I want to add a few points as to why $TGZ really does seem like a screaming buy, especially if you are planning to hold for the rest of this cycle:
...Actually, I'll turn this into 2 posts. stay tuned! (1/2)
click to invite
@MiningBookGuy...ok, 'part 2' of $TGZ post for #mbgtrends & ~AUfrica, starting with my reasons for owning & getting excited to possibly buy more (some overlap with others, and some points I don't think anyone has made yet).
*NOTE - don't take what i'm saying here as gospel, DYODD. but i feel really strongly about this one right now for the following reasons:
1. so even if you don't know anything else about the company, this was HUGE:
Teranga Gold Completes $67.4 Million Equity Offering @marketwired/teranga-gold-completes-674-million-equity-offering
I distinctly remember thinking "ugh, why did they raise at 1.05 CAD when it's trading around 1.15 CAD!?" right after I saw the initial announcement of the offering at the beginning of November. well doesn't this just look BRILLIANT now?? I mean, who else raised a huge chunk of cash at this stage, right before a crash? If you're retail like me, you should LOVE this! We are anchored to 1.05 CAD...so even if it falls further (and we're at ~.70 CAD as of today!), this is absolutely the #1 reason to be looking at this company right this moment.
2. taking this further, look at @jayfire's nice 'insider buying' screenshot from the $TGZ room (I'm only reposting the image here...btw, I had some brief private chats with @Jayfire on $TGZ, but nothing in the amount of detail of this post): http://cdn.ceo.ca/1c4tgmu-Screen%20Shot%202016-12-12%20at%2011.12.57%20PM.png+
Tablo = Mimran Family = David Mimran
You have a cornerstone investor VERY aggressively buying...who knows, he might be buying more literally right now! He owns ~100M shares of this thing. Actually, if there's a possible weakness, it might be that this Mimran buying is on the verge of 'reckless', which I think has been alluded to before. But really, who can complain about the biggest billionaire insider buying like crazy?? So we've only taken a look at basic financials, and it's already possibly the most positive looking stock anywhere right now...
3. @fundamentalAnalysis made good points about being 'cheap' using tradition, 'value investing' metrics here: https://ceo.ca/tgz?8af7182c9cba
Honestly, I rarely look at mining companies in the traditional way. But this is great news, because I think the 'strategy' and 'communication' are just about the best anywhere, so there's clear value in BOTH quantitative and qualitative aspects of the company! I did not follow this stock very closely when it was only Sabodala in #Senegal. But I sure got interested after the $GRY.AX acquisition, bringing in the Banfora #development project in #BurkinaFaso. And via the Mimrans, they have exposure to earlier-stage #exploration in #IvoryCoast. But the real kicker to me is how all of these interact...I love what I see in their presentations, and the last quarterly call I listened to. If you want to 'catch up' on this type of stuff, I think the recent #SwissMiningInstitute presentation is very good, linked here: https://www.youtube.com/watch?v=oQZo7hxHfnk+
and you can find powerpoints on the $TGZ website
4. And then if you look at competition, I actually think this puts $TGZ over the edge. On the upside, look at $EDV. I've owned shares for a while and sold some on the way up (wish I didn't). This is kind of the 'gold standard' for #WestAfrica emerging #midtiers. It had a market cap of like 300M CAD ~18 months ago. You can do your own research on that one. But for sure, $TGZ is using $EDV as model for their own growth. btw, $TGZ market cap is ~375M CAD right now on ~536M shares outstanding (i don't think it updated correctly at CEO.CA because of the recent capital raise).
I'm not saying $TGZ is going to parallel $EDV. But the only direct competitor right now is $PRU$PRU.AX in #WestAfrica ...and they just came out with a very poor NR that no one has commented on yet: @marketwired/perseus-mining-limited-provides-update-on-activities
in a nutshell, they are struggling with both their core asset (Edikan in #Ghana) and their near-term growth asset (Sissingue in #IvoryCoast). And on top of that, cash is leaving the company with a settlement related to the $AMA.L acquisition: @marketwired/perseus-mining-limited-settles-dispute-with-former
I still like the 'potential' at $PRU for a turnaround...but this is EASY to choose $TGZ over $PRU as the 'next best thing to $EDV'. And keep in mind $TGZ now has a load of cash, and I do believe they've turned things around with Sabodala in #Senegal (though I still need to learn more about that history).
Also a quick comment on $ROG: I do like $ROG and maybe it will get acquired soon. But seriously, just look at ALL the stuff $TGZ has going for it, and tell me why $ROG is a better value being more expensive. It just adds to story of why $TGZ is a screaming buy.
Ok, will leave it here for now (not comprehensive, but i touched on the 'big points'. $TGZ is not a big position for me, but it might become one. I'm willing to share all this because it's super-liquid, and I don't think I will influence the direction of the stock. I just felt the need to give my overview with all the talking from others at #mbgtrends, that really surprised me! I've had limited private conversations on this one, so this was an outlet.
Oh, and I generally do NOT like being in stuff that's talked about this much. but maybe we will look back and see $TGZ was the best risk/reward #midtier#gold#producer anywhere in the world at the end of 2016, and it was focused on #WestAfrica. I will look back at this in a few years and see if I'm anywhere close to right on that prediction! *EDIT - actually, I should have said "WE"...maybe this will be the first #mbgtrends group win! the planets have aligned for us to spontaneously get interested at the same time, lol :P
final note: would be interesting to hear from @AdemTumerkan, since I know he was a huge follower and made money on this when it was just Sabodala, but not sure if he's still a fan of $TGZ with these big shifts since the acquisition.
click to invite
@MiningBookGuyposting to ~AUfrica + #mbgtrends:
QUESTION from @FundamentalAnalysis: What do you think of Semafo as a midtier in that region? $SMF
ANSWER from me: glad you brought this one up! $SMF has been on my radar for a while, but I didn't realize the market cap got hit so hard recently. #1 thing to me about $SMF is the #Natougou deposit...it was a huge steal, and they arguably will have the two best mines in #BurkinaFaso, with the #Mana complex doing quite well, and now #Natougou. The are also really good at #exploration (they even have some properties in #IvoryCoast, and generate a ton of cash.
With that said, it's very heavily focused in Burkina. So you're lacking jurisdiction diversity of players like $TGZ or $EDV. But I am sure a compelling case can be made to own some shares based on the numbers. I'm NOT as good at digging into details of financial statements, especially for the bigger players.
@FundamentalAnalysis - let me know where $SMF fits in on your midtier/emerging mid-tier rankings. Maybe I should be closer to buying at least a small position than I initially thought! #WestAfrica
@MiningBookGuy@Excelsior - thanks for posting! I forgot to comment, and this is important news. And great point on Frontline Gold cross-over. I haven't looked at $MXI in a while, and will be curious if $IAG has more comments on how this fits into their 2017 strategy, and #Mali#Senegal#Guinea, since the $MXI / $IAG land-package will cross into those 3 countries of #WestAfrica
@Excelsior$AVK$AVNZF Avnel Gold Materially Improves Economics of Kalana Main Project in Optimisation of Definitive Feasibility Study
(Marketwired - Jan. 9, 2017) - #Gold#Development#Africa~AUfrica
"The Optimised Feasibility Study (“OFS”) results indicate an increase of 25% in the after-tax NPV to $321 million, at a 5% discount rate, compared to $257 million estimated in the DFS and an improvement in the after-tax internal rate of return (IRR) to 50%, compared to the 38% IRR in DFS at a gold price of $1,200/oz."
"Initial capital expenditure has been lowered by $25 million to $171 million and, accounting for pre-commercial production revenue generated from processing historic tailings from the existing underground Kalana Gold Mine, the net funding requirement to commercial production, including contingency, is estimated at $139 million, approximately $24 million lower than previously estimated in the DFS."
@MiningBookGuyU.S. Treasury Department Announces Easing of U.S. Sanctions Against The Republic of the Sudan @marketwired/us-treasury-department-announces-easing-of-us-sanctions$ORG#Sudan#UnitedStates#geopolitics#ArabianNubianShield#index
[Orca Gold Inc. is pleased to communicate that on January 13, 2017, President Obama signed an Executive Order "Recognizing Positive Actions by the Government of #Sudan and Providing for the Revocation of Certain Sudan-Related Sanctions.]
["This announcement by the U.S. Government is a huge step for #Sudan on its path towards political and economic re-integration with the West. The Government of the Sudan is to be congratulated for its efforts in working towards international acceptance and social and economic improvement for its people...We look forward to introducing our company to investors that up to this point have been restricted in investing in $ORG and #Sudan."]
@MiningBookGuyis that you @Brownie? on $SCA$SWA news: @marketwired/sarama-resources-reports-q4-2016-drill-results-for
my initial impression is that it's just OK...should increase the resource, but no wide intersections, and no big discoveries (though they might be onto something). it's immediately followed up by a bigger program, plenty of drilling coming.
for those paying attention, keep in mind both NRs are ONLY for the Karankasso JV, 69%/31% Savary/Sarama $SCA / $SWA. this news is far more influential for $SCA, because it's their only project
anonymousMBG do you see the offer on your $THX at .10
click to invite
@MiningBookGuy@Brownie, is that still you? first of all, it's not 'my' $THX. but i do still own significant shares.
and i do see it, and honestly, very surprised. i guess someone really wants out, despite the previous raise being completed at 0.145 CAD with no warrants.
what to do now? no way i am selling here. i like the newsflow I've seen, and actually expect news on all 3 projects in the coming months. i also noticed the website design was just updated for the first time in years: https://www.thorexpl.com/
it's an odd one...on very, very few radars, and very illiquid. but tons of progress being made. if anyone has any specifics on why there might be selling, i'm all ears
click to invite
anonymousNot sure why I'm anonymous because I'm signed in.I was thinking it was someone placing stock but the order has sat there a bit long for that
click to invite
@MiningBookGuy@Brownie - ok, it's you :)
just wanted to make sure because ~aufrica posts aren't supposed to be anonymous, and i can 'kind of' check to see who posts based on matching the colored dots. that's one of the benefits to #panels for me.
as for your answer, i have seen 'big sells' show up from time to time. but overall volume remains low, and it's a weird stock for a lot of reasons (outside of the Vancouver/Canada scene, investors from Nigeria, etc.). this is potentially an opportunity, but i'm just holding my shares for now. I might call Segun in the coming weeks. but placements have been successful so far, and progress is being made. maybe a long-time holder just wants out. $THX