1911 Gold Corporation (AUMBF)

[ThSeeker]

What is going on with this dip and almost no volume? Someone intentionally trying to make it look bad with low volume transactions??? Weird.

[ThSeeker]

My initial reaction is always the PPS BUT then I check out the volume to see if that PPS should be given much value. Right now we are down 9% but the US volume less than 6,000 AND the Canada market 0 volume

[ThSeeker]

I agree low share count is one of the most attractive things about this stock is. It very rare for PM penny stock that is funded, no debt, producing not to be diluted. Simply a rare opportunity.

[Bluetick]

The icing on the cake is the low share count here, with a large chunk of that being in the hands of insiders. AND that seems to be growing also ! When we do get some good news.... along with gold price improving and some pressure on the few available shares from new investors....oh my ! Thanks again for bringing me here. I like stocks that have management skin in the game, in great areas of known gold and silver. A couple others I have are WGMCF and NRGOF. http://institutionalgoldresearchgroup.com/carrabba-shareholder-letter/ .... Bluetick

[ThSeeker]

I agree. I believe the progress/news that will unfold from 1911 will far out weigh any effects caused by Melkior info.

[Bluetick]

Seeker, at this time it doesn't increase our value, but...If Melkior keeps drilling along their strongest strike area, which appears to be towards HAVXF's area and the results are good, I feel that it will raise the value of our property. I personally put more importance in the insider buying that Blair and Mike did myself. You know that they know more than us. Blair bought 50k more in the open market on 5/13/20 and 5/14/20 per Canadian Insider...https://www.canadianinsider.com/node/7?menu_tickersearch=AUMB+%7C+1911+Gold That makes me believe that something good is coming even more.....Bluetick

[ashy2classy]

Nice. At least you got an answer. I asked a few weeks ago and never heard back. I'd say it DEFINITELY makes sense. Us US folks hate being in the dark trying to buy and sell.

[ThSeeker]

Question to 1911 about OTC grey market

I asked if there are plans to get off the grey market.

Answer: I am looking at it, however it is a costly endeavour on our end (at least US$45,000 last time I did it) to get the listing upgraded to the OTCQB and sometimes the volumes just don’t support it.



I think it may make sense though, there is an increasing US investor interest in gold stocks, something I haven’t seen for quite a while.


Best regards,

Shaun Heinrichs
Chief Financial Officer
1911 GOLD CORPORATION

[ThSeeker]

I am curious Bluetick what is your opinion. Do you think their news
increases our value?
reference: "they know these properties just raised in value - and probably immensely."

I don't think it will affect us much. Only our own specific news will have significant impact on 1911's share price.

[ThSeeker]

Interesting speculation on how it relates to 1911 but I am neutral on whether or not the speculation is correct. Certainly could be right but who knows. Thanks for pointing it out.

[Bluetick]

Just happened by Stockhouse and saw this.... https://stockhouse.com/companies/bullboard?symbol=v.aumb&postid=31017084 So evidently Melkior ( MKRIF ) is a neighbor miner that has found something in drilling and trying to get more claims, but not the one's they want, which is 1911's to their north. At least that's what it appears. What ya thinkin on this ? ...Bluetick

[ThSeeker]

Good to see. Not especially large buys but insider buying especially for penny stocks is an encouraging event. Thanks

Well our own research shows that there is plenty going on in terms of how this is undervalued. Would not really need anything else new for them to be willing to buy more IMO. It is nice for us to be in early on an undervalued gem.

[Bluetick]

Check this out Seeker .... https://www.canadianinsider.com/node/7?menu_tickersearch=AUMB+%7C+1911+Gold .Blair Schultz bought 75k shares yesterday @ .541 and Michael Hoffman bought 30k @ .56 Canadian yesterday in the open market for direct ownership, per The Canadian Insider. Something must be going on ! ....Bluetick

[ThSeeker]

Extremely undervalued

Summary

1911 Gold is a new company trying to restart the Rice Lake mine that San Gold operated.

This company is extremely undervalued versus its potential free cash flow.

It is still early development, but they have the management team to make steady progress.

Investors seem to be valuing it as an exploration company. However, it is a development company. The CEO was the CEO of Tahoe Resources and knows how to build and operate gold mines. I think he took the position because of the upside potential. Insiders own 30% of the stocks and are unlikely to sell. They know what they have.

Note: above are highlights of a previous post

[dawsons creek]

Thanks guys for the info on this!

[ThSeeker]

Like Ash said greysheets. This one in is mostly tightly held. Most trading in Canadian exchange. I usually see what it is trading for there and convert the value to USDs to help me decide what to bid.

[ashy2classy]

It's just MMs playing games with greysheets. You have to bid over ask just to get shares.

[dawsons creek]

Why for US stock market symbol does it not have a bid or ask?

[MetalManIII]

This is not an easy stock to buy. Pushing through 10,000 today was like pulling teeth. I kept hitting the ask and nothing would go through even in small lots. Odd or foreshadowing

[ashy2classy]

Thanks, Bt!

[Bluetick]

Here you go Seeker and A2C.. saw this tonight.. https://seekingalpha.com/article/4343705-1911-gold-exciting-gold-development-story?utm_medium=email&utm_source=seeking_alpha&mail_subject=havxf-1911-gold-exciting-gold-development-story&utm_campaign=rta-stock-article&utm_content=link-0 Thanks for the tip guys. I'm doin well here ! ....Bluetick

[ThSeeker]

Canada NewsWire -commencement of the 2020 tailings

TORONTO, May 6, 2020

TORONTO, May 6, 2020 /CNW/ - 1911 Gold Corporation ("1911 Gold" or the "Company") (TSX-V: AUMB) is pleased to announce the commencement of the 2020 tailings reprocessing season at the company's True North complex in Manitoba. The Company is currently returning personnel to True North in stages to allow for the measured implementation of COVID-19 mitigation procedures, with plans to commence full operations by the third week of May. The Company's employees predominantly reside within the Province of Manitoba, which has seen a significant improvement in the number of COVID-19 infections and has recently announced plans to reopen the economy in four stages, starting on May 4, 2020.

1911 Gold Corporation (CNW Group/1911 Gold Corporation)

On March 23, 2020, in order to reduce the spread of SARS-CoV-2, the operations at True North were moved to care and maintenance with only essential personnel remaining on site. Although companies within the resource sector in Manitoba were permitted to continue operations under Provincial guidelines and public health orders, the Company deemed the risk to personnel and local communities to be significant and chose to discontinue operations at that time.

The Company has enhanced and expanded the health and safety protocols in place at True North to allow for the safe return of personnel. These include pre-site screening questionnaires, onsite monitoring including temperature screening, additional hygiene measures, and modification of work areas and procedures to ensure physical distancing as well as the use of appropriate personal protective equipment. Further detail can be found on the website at https://www.1911gold.com/corporate/governance/COVID-19-Response-Measures/default.aspx.

Ron Clayton, 1911 Gold President and CEO, commented, "We are pleased to see the return of our employees and the resumption of activity at True North. Keeping our people and communities safe will continue to be our priority and we will continue to monitor the situation daily. With the safety measures we have put in place and the responsiveness of site personnel to these measures, we are confident that we can operate safely and effectively, and continue to create long term value for our stakeholders. We continue to praise the efforts of all those special people that have and continue to provide health care and essential services in this difficult time."

With the commencement of tailings reprocessing operations, the Company expects to process approximately 1,250 tonnes per day at an average grade of 0.8 grams per tonne. With the four week delay in starting the tailings reprocessing operations, the Company will experience a shortened operating season however, by focusing on higher priority areas, should be able to produce at levels comparable to previous operating years.

[ashy2classy]

Still easy fills. IMO, not done yet. But I'll never know without L2.

[ThSeeker]

Well is the big seller done? Beginning to think so. This one is still one of the best lower risk gold play out there. Very undervalued. Some smart people have said this may be one of the best opportunities they have ever seen.

[ashy2classy]

Added a few more this morning to round out my position. Still want more shares.

[ThSeeker]

It appears there is a big seller holding us back. Once that is taken out it should be in tightly held hands ready to launch. So still time to accumulate for the ride.

[ThSeeker]

I like that we have something to look forward to in the near term

...relating to the COVID-19 pandemic, results from the remaining drill holes completed during the phase 1 exploration drilling program have been delayed, but are anticipated to be released in the coming weeks.

[ThSeeker]

Great day I think we closed above the resistance of $.45 CAD on very high volume. Good sign.

[ashy2classy]

I'm most definitely NOT. But I have a great family, a good job and my health, so many would say I've already got everything I need. But a little financial cushion certainly wouldn't hurt. ;o)

[ThSeeker]

You may turn out to be a wealthy man some day. (assuming you aren't already LOL)

[ashy2classy]

Adding more today. Definitely trying to get a larger position here.

[ThSeeker]

Found the link Daniel Cook --

make sure you guys listen up thru 23 min

thanks for the tip

[ThSeeker]

To quote a PM investor with many years of experience ...""this is the best risk/reward junior gold story I've seen in my life"

To emphasize when someone like that says best in his life that carries tremendous weight IMO

[ALAMO 1]

Undervalued. I saw an interview with mining analyst Daniel Cook where he described 1911 as the most undervalued,
Under the radar gold stock with explosive potential going forward. I think he's right. Good pick Seek.

[ThSeeker]

If we can hold these gains I's say the market liked the news
.

[ThSeeker]

Agree. Really nice drill results. Onward and upward. Very undervalued.

[ashy2classy]

Added a few yesterday and adding more this morning. Really hard because MMs make you pay whatever they want. Really wish the company would uplist their US OTC ticker.

[ThSeeker]

1911 Gold Intersects High-Grade Gold in First Pass Drilling of Three Targets on its Rice Lake Properties in Manitoba and Initiates the 2020 Field Exploration Program
BY Canada NewsWire
— 7:00 AM ET 04/30/2020

https://www.1911gold.com/investors/news/press-release-details/2020/1911-Gold-Intersects-High-Grade-Gold-in-First-Pass-Drilling-of-Three-Targets-on-its-Rice-Lake-Properties-in-Manitoba-and-Initiates-the-2020-Field-Exploration-Program/default.aspx


Highlights:

Drillhole TS-20-003 intersected a shear-hosted quartz vein with visible gold at the previously-untested Tinney Shear target, yielding 26.42 g/t Au over 2.03 m, including 50.85 g/t Au over 1.03 m;

Drillhole TS-20-004, collared 290 m along strike from TS-20-003 on the Tinney Shear, intersected multiple zones of gold mineralization, highlighted by a shear-hosted vein with visible gold in strongly altered felsic porphyry, which yielded 43.27 g/t Au over 0.65 m;

Drilling at the Cougar target (also previously-untested) intersected gold mineralization associated with shear-hosted quartz veins in two drillholes, highlighted by 9.29 g/t Au over 2.55 m (including 18.80 g/t Au over 1.05 m) in drillhole CG-20-001, and 37.65 g/t Au over 0.5 m in drillhole CG-20-002;

Drilling at the Bidou South target intersected several zones of gold mineralization, highlighted by 2.17 g/t Au over 12.22 m (including 3.70 g/t Au over 3.13 m and 10.70 g/t Au over 0.84 m) in drillhole BL-20-002, associated with shear and extension veins in strongly sulphidized gabbro; and

Field crews have begun mobilizing for the 2020 field exploration program, with plans to further advance five projects from the 2019 program, and initiate fieldwork on three new, high-priority, greenfield projects located along the crustal-scale Wanipigow fault.

[ThSeeker]

Interesting Canada market price up 10% and US down to flat.

[ThSeeker]

Highly recommend loading up at this price. One of the best risk/reward gold plays available. This eventually will run to >$1.50 USD levels IMO

[ThSeeker]

Work Assessment Requirements met:

Assessment work refers to exploration activities that must be done on mining claims every year to maintain the right to explore for minerals and keep a claim in good standing.
Assessment work credits

The costs of assessment work are converted to assessment work credits. These credits can be assigned to a mining claim and allow you to satisfy the annual units of assessment work that must be performed or reported on a mining claim. Credits can be assigned to other claims or other assessment years if certain conditions are met.

So 1911 Gold has credits of $68 million that they can apply to the required exploration requirements to remain in good standing. This eliminates any issues with Assessment Work requirements for a long time.

[ThSeeker]

Facts Sheet: This is good stuff. Like that they are fully funded for
2-3 years. And the very low Share structure.

https://s22.q4cdn.com/251467148/files/doc_downloads/2019/09/1911-Factsheet-(Sept-2019).pdf

[ThSeeker]

1911 Gold Provides Corporate Update and Addresses COVID-19 Impacts
March 19, 2020
Download this Press Release PDF Format (opens in new window)

TORONTO, March 19, 2020 /CNW/ - 1911 Gold Corporation ("1911 Gold" or the "Company") (TSX-V: AUMB) advises that it has implemented plans to minimize, to the extent possible, the risks to it's employees, the business and the communities within which it operates from the coronavirus disease (COVID-19) outbreak. To date, there have been no known or suspected cases of COVID-19 reported at the Company's True North operations in Bissett, Manitoba. However, as most of the company's employees travel to the True North site from areas with confirmed cases of COVID-19, there is a foreseeable risk for such cases to occur.

1911 Gold Corporation (CNW Group/1911 Gold Corporation)

In response to this rapidly evolving risk, the Company has implemented a number of initiatives in order to ensure the health and safety of all local stakeholders.

As of March 13:

Posting of health advisories at site for all personnel, providing details on preventive actions, symptoms, company protocols regarding the reporting of illness, and sources of information
Cancellation of all non-essential travel, including out-of-province operations personnel
Enhanced cleaning and sanitization of touch-surfaces in common and food service areas
Procurement of additional stocks of critical supplies, particularly operating and maintenance supplies, to reduce the impact of any future supply chain restrictions

As of March 18:

Reorganization of food service areas to adhere to best-practises regarding social distancing
Extension of shift rotations to minimize new personnel and contractors on site
Initiated screening for symptoms by on-site nursing staff

Planned for March 23:

Reduction of personnel at the True North site to minimum care and maintenance levels
Initiation of a work-from-home policy for corporate and non-essential exploration personnel

The Company believes these steps will be adequate to minimize foreseeable risks from COVID-19, but is closely monitoring the situation with local health authorities and intends to remain in compliance with Federal and Provincial guidelines, recommendations and restrictions relating to COVID-19.

Ron Clayton, 1911 Gold President and CEO, commented, "We are fully committed to minimizing the health risk to our employees, contractors, and the communities we work in. We will continue to work proactively to stay ahead of any changes in the risk to our stakeholders as we navigate the current situation. Fortunately, we have a strong balance sheet, enabling us to adapt to the volatile market created by COVID-19 and will be in a great position to recommence normal operations once this challenge is overcome."

Operational Update

The Company anticipates commencing tailings reprocessing operations late in the month of April; however, it will continue to review the COVID-19 situation and may defer start-up should further risk mitigation be required.

The Company will complete the winter 2019–2020 exploration drilling program by the end of the permitted period (March 31, 2020) as originally planned, having tested seven of nine permitted targets. Two targets could not be accessed during the 2019–2020 program due to unusually mild winter conditions and poor freeze-up, but are planned to be tested in future drilling programs. Due to potential disruptions in core logging and processing, sample shipping and assaying, the Company anticipates that the release of final results will be delayed. However the Company continues to be pleased with the drill results to date and will release the remainder of the results as soon as safely possible.

About 1911 Gold Corporation

1911 Gold is a junior gold producer and explorer that owns the True North mine and mill complex, and is reprocessing historic tailings on a seasonal basis. In addition to operating True North at Bissett, Manitoba, 1911 Gold holds approximately 54,000 hectares of highly prospective land within and adjacent to the Rice Lake greenstone belt. 1911 Gold believes its land package is a prime exploration opportunity, with potential to develop a mining district centred on its True North facility. The Company also owns the Tully project near Timmins, Ontario, and intends to focus on both organic growth opportunities and accretive acquisition opportunities in North America.

1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Ron Clayton
President and CEO

[ThSeeker]

Good question. I like both very much. I like that FIORE is actually producing over 40K OZ yr and growing. Plus they have another mine near by that will be similar in production with goal of growing production of both to about 150 OZ / yr.
And growing resources. 1911 has trailing that produce income but add mined oz to that I think will take longer so I feel more confident in FIORE production. I do not think you would regret investing in either.

[MetalManIII]

Implanting &nSeeker
I see you boys on FFMGF.
I Like HAVXF also. ,
Seeker I see you on FIOGF. Which do you like better ( HAVXF vs. FIOGF)and why?

[Implanting]

I think you're right and I'm not crazy about buying in small lots.
I may put my eggs in the CCWOF basket because of that reason.

I like what the CEO was saying in that video you posted. There seems to be quite of bit more good news coming down the road from them. Maybe they find a lot more gold and silver that's not priced into the shares right now.

[ThSeeker]

Yes I was told 1911 is tightly held. Be hard to find sellers. Would likely need to buy in small lots over time

[Implanting]

You know what may make the difference for me is the average number of shares each company trades. HAVXF only trades on average about 46K shares daily. CCWOF on the other hand has an average volume at 119K daily.

HAVXF reminds me some of SSVFF, volume-wise. It's probably going to be hard to buy into HAVXF because of illiquidity. Although I do like HAVXF.

[ThSeeker]

Yes it is operational and also a modern mill not an old crapper limping along. I do believe they intend to mine what is being explored but not sure of time frame.

Both are similarly exciting and are both given 12-18 month targets of $1.50. My gut feel is CCW may move more in the near term. Other than that I like them equally. Given that you may want to base it on whether you prefer gold (HAVXF) vs silver (CCW) now.

[Implanting]

Is the mill operational? I see they have a tailings operation that they're doing currently.

Is there any potential for them to have enough gold going through the mill to have it operational? The mill may be worth $100 million, but if it's sitting idle that's not making them any money.

Just asking a few questions. IMO if they have a gold source worthy of being milled at some point this has potential. If all they're looking to do is have a tailings operation going forward, I'm not so sure how great that would be.

Having an operational mill already is a good start, but is the gold there for them to mine and ultimately mill?