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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.
@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
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@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
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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
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@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
@MiningBookGuy@Brownie RE: https://ceo.ca/~aufrica?54e20a3ded30
Someone (anonymous) wiped out the ~1M shares that were sitting at 0.10 CAD for $THX. Possibly a steal since the last raise was at 0.145 CAD. But I have no idea if more sells are coming. I'm holding my shares looking forward to news on the 3 projects.
@MiningBookGuy$ORG - there's clearly some of interest in this company, but not too many comments (though thanks @Empire and @martin for providing a few). I'm reposting back-to-back NRs releases today and yesterday for the ~AUfrica panel (particularly relevant as I'll explain below). I think MANY new people will 'discover' this company later in the cycle. But I'll give you one REALLY good reason to start paying close attention now:
The 2 NRs:
The 2nd NR is great, and a continuation of "pre-PFS" work for the #Sudan#gold#development project. Much of this is documented in the $ORG room. #Sudan is getting better in both perception and reality (even if some refuse to believe this). #Water is likely the primary issue, and hopefully here some positives on this in a future NR.
But the MAIN reason to start paying attention now is the first NR, where FINALLY $ORG has diversified into a 2nd country, one of my favorite 'emerging jurisdictions' in #WestAfrica, The #IvoryCoast. This is VERY exciting! The best summary is in this picture from the NR: http://media3.marketwire.com/docs/4505Orca.jpg+
HUGE potential land package here, some $ORG is getting on their own, and some from $K, who is now becoming a strategic shareholder (assuming this deal goes through). Intuitively, I'm most excited about the land adjacent to Tongon in the north, which is $RRS.L#Randgold's mine in #IvoryCoast. Keep in mind that Mark #Bristow is repeatedly on record saying #IvoryCoast is the most exciting jurisdiction in all of #Africa for #gold#exploration right now.
incredibily, there are very few companies juniors exploring here. But the mid-tiers & majors prove interest is great, I'll list a few: $RRS.L$PRU$PRU.AX$TGZ$TGZ.AX$EDV$RSG.AX$NCM.AX ...and the only other Canadian listed junior explorer/developer I can think of is $MARL$MARL.L. Anyway, $ORG immediately becomes the 'go-to' junior for #IvoryCoast#exploration exposure ($MARL is very interesting, but a lot more value tied up in Hot Maden in Turkey, so it's not as good of an 'ivory coast exploration' bet right now). In addition, this immediately de-risks $ORG with 2 separate jurisdictions. it immediately brings up thoughts of " #RedBack Mining 2.0" (which was already happening, but now solidified...keep in mind Redback was in #Mauritania and #Ghana). AND just the fact that #IvoryCoast is arguably the best place in #WestAfrica to find elephant deposits (and doesn't hurt the elephant is mascot for the national soccer team!). ok, getting off topic with that last one, but this news was worthy of a write-up, and i hope a few new people start paying attention! #index
@MiningBookGuy@excelsior@zadman@highheat and others - wanted to make a note on #Mali with $AVK and $HUM.L$HUMRF. Both have positive price action and newsflow recently. will be very interesting to see if either are #takeover#takeout candidates in the near future. i don't own either play, but i appreciate you guys and others following them and adding news and your thoughts every now and then :)
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@Excelsior@MiningBookGuy - Yes, I do own both $AVK$AVNZF and $HUM.L$HUMRF and feel both these #Development stage companies are 2 of the most likely a #takeover#takeout targets in #WestAfrica . Their resources are defined and expanding with more exploration, the permitting is well underway, and the projects are derisked and on track to go into production later this year. Seems like they are now the low hanging fruit for a Major or Midtier looking to expand their presence or diversify into the West #Africa#Gold mining explosion.
Some company will still end up grabbing $ROG as well, but it's shares are already priced accordingly. $ORE is still a target as well now that they are redefining their ore body with more clarity. ~AUfrica ...... You gotta love it.
@MiningBookGuyMineAfrica at PDAC - March 5-8, 2017 http://www.mineafrica.com/MineAfricaatPDAC/mineafricaatpdac-about.htm#events
Partial Quote: "Tuesday March 7, 2017, 07h30 - 11h30, Sheraton Centre Toronto Hotel The morning opens with a networking breakfast with an opening address by His Excellency Professor Alfa Oumar Dissa, Minister of Energy, Mines and Quarries, Republic of Burkina Faso and a keynote address by John Dorward, President and Chief Executive Officer, Roxgold Inc., followed by concurrent presentations by African Mining Ministers, mining companies, and advisors to the mining industry (law firms, engineering firms, consultants, etc) in four seminar rooms." #BurkinaFaso$ROG#Africa#PDAC#MineAfrica#index~AUfrica
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@MiningBookGuyBarrick Supports Acacia-Endeavour Merger If Good for Investors http://www.bloombergquint.com/markets/2017/02/16/barrick-supports-acacia-endeavour-merger-if-good-for-investors-iz8qziz7$ABX$ACA.L$EDV#Africa#index
[Acacia and Endeavour remain in “preliminary discussions” about a merger, Barrick President Kelvin Dushnisky said Thursday in a phone interview. “From Barrick’s perspective, if there was a deal to be made that made sense for our shareholders, we’d be supportive.”
Shares in Acacia soared last month after Acacia confirmed it was in early-stage talks with Endeavour on a tie-up that would create a company with a combined value of about $4 billion.
Barrick is not actively seeking other buyers for its Acacia stake, Dushnisky said Thursday. The world’s largest gold producer would be “open-minded” about any unsolicited offers for the asset, Dushnisky added, declining to say if Barrick has been approached.]
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@MiningBookGuy$WAF$WAF.AX - West African confirms Sanbrado as +150,000 ounces per annum gold producer by 2019 http://www.asx.com.au/asxpdf/20170220/pdf/43g3k1shp7r36f.pdf#gold#BurkinaFaso#WestAfrica#Africa#index
Some of the Highlights:
All amounts stated in US dollars. Base case is stated on a 100% project basis at $1,200/oz
Sanbrado open pit feasibility study confirms:
Forecast annual production of 150,000 ounces over the first 3 years of project and 93,000 ounces per annum over 9 years of current mine life (LOM)
124% increase in Indicated Resources at M1 South, driving new project economics
103% increase in Probable Reserves now 894,000 ounces (16.8Mt at 1.7g/t Au)
Two year pay back on $131 million capex (including pre-production mining and contingency)
Low All-In Sustaining Costs (AISC) of $708/oz over the first 3 years and $759 over LOM
Strong economics - pre-tax NPV5% of $143m, IRR 27% and post-tax NPV5% of $100m, IRR 21%
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@MiningBookGuySome additional $WAF$WAF.AX quick comments from me:
-nice early production...but really, this is just below 100k oz/year life-of-mine production. which is fine, but the 150k oz/year headling is pushing it, IMO
-i like it that they use $1200/oz gold as a base case, and that it seems to work (few projects do that this price). but at this market cap, seems fairly valued to me...yes, there is upside, but 5% NPV is NOT conservative, and i think this implies there's a lot more work to do before an acquisition (assuming gold prices stable)...
-leading to past point: i think it's very odd that this is now called the "open pit feasibility study", and they are immediately working on a "optimised definitive feasibility study". originally, i assumed (perhaps wrongly), that THIS study was going to be the game-changer, and full financing and/or acquisition could immediately follow. Now I'm thinking they are front-running these results (realizing while 'good', they are definitely not 'great'), and going for a homerun by incorporating more deeper high-grade. This COULD work out fine. But to me, it makes for a riskier proposition as a speculation.
-while I'm glad i did NOT speculate on this in the last few months (while still wishing I DID a year or two ago), I am going to continue to hold off and watch closely. I hope for the best for $WAF, because it will be good for everything in #BurkinaFaso. But overall, this is "slightly-to-moderately" disappointing for me. Still, I need to read this NR much more thoroughly, and listen to the conference call which is happening soon (i'll try to listen to a replay later).
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@MiningBookGuy$PRU$PRU.AX - Perseus updates mineral resource estimate at Bele http://www.asx.com.au/asxpdf/20170220/pdf/43g3khzj359q0f.pdf#gold#IvoryCoast#WestAfrica#Africa#index
The updated global Indicated Mineral Resource for Bélé, estimated as at February 2017, is estimated as 1.90 million tonnes grading at 2.0g/t gold, containing 130,000 ounces of gold. A further 0.42 million tonnes of material grading at 1.8 g/t gold and containing a further 25,000 ounces of gold are classified as Inferred Resources.
The gold contained in the combined Measured and Indicated Mineral Resources of Sissingué and Bélé is now estimated to be 830,000 ounces of gold which is less than 6% lower than the original Sissingué estimate of 880,000 ounces of gold.
My Note: this is attempting to compensate for the downgraded Sissingue resource in a recent NR. There is definitely significant exploration potential as noted by the CEO in this NR.
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@MiningBookGuyHere's an EXCELLENT post from a very private ceo.ca friend who gave me permission to re-post it, very fitting for the ~AUfrica panel!
Referring to #Africa:
[It's a massive continent, loads of risk/opportunity, many geographies, religions, political and cultural differences. You can't learn enough to be an expert without following closely a lot of moving parts, but I think many N.Americans and European investors still are only vaguely aware of what is going on. The former colonizers left a deep mark in many places and some of the negative history has followed them home as it is intertwined with their own.
The last decade of 'silent' Chinese and Japanese investment will soon bear fruit for (hopefully) everyone. I think generally Africans want to build up the continental infrastructure, even though there is a clash of powers, and the Asians are perceived more as partners than 'occupiers.'] #Opportunity