Atna Resources Ltd. (fka ATNAQ)

[Renee]

ATNAQ CUSIP suspended. FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[Renee]

ATNAF changed to ATNAQ, bankruptcy:

http://otce.finra.org/DLSymbolNameChanges

[davidsson10]

http://www.otcmarkets.com/stock/ATNAF/news/Atna-Resources-Ltd--Announces-Filing-Of-Voluntary-Petition-For-Relief-Under-Chapter-11-Of-The-Bankruptcy-Code-To-Implement-Restructuring-And-Delay-In-Q3-Filings?id=119630

[betahighlander]

my sd doing well today was in @.41 Sdrxp is the pfd still underwater on these look at the dividend yield- about to be suspended of course but PPS is pretty much what hte pps is. Cumulative- and PIK for now. This could be a big winner chicken dinner for me.
there is an mlp sdr (?) that has a yield of 50% but that might be suspect. seems good also.

[brandemarcus]

ot -Actually it was the Grassy mountain project in Oregon. Maybe should enlist Denny to find out what is so fishy about krltf.
Coming soon -Buying copper and gold for next to nothing with wrn and north isle copper and gold -ncx.v. No rush as it's tax selling season so the prices should drop more. Not good-more evidence for Dr. Snowball.

[brandemarcus]

ot-Thanks for the moral support, luckily the insane asylum is letting me have more contact with the world outside. Dr Snowball still thinks I have no sense of reality. While there is now a possible catalyst with krltf, there are at least 2 problems:

1. Is this guy for real- Braich?? There was a phony bid for a gold miner a while back- The property was quatz mountain in Oregon and the bidder was associated with the lousy cde ex Dennis Wheeler. That should have been a red flag. Phony bidder was called Rockstar resources.


2. If the bidder is for real. Will Gujaret allow it? Is there something crooked here? Unlike with Sycrf, there is lot more evidence for such a conclusion.


Potassium makes up 2% of the earth's crust while phosphorus is only 1/3 as abundant. Yearly demand for phosphate is also nearly the same as Potash. As I have said before more than 60& of reserves controlled by Morocco. You can read what Jeremy Grantham said about this in 2011-google it. Also google isis and Morocco together. Of course one could have then turned a $1 into 2 cents by buying Stonegate Agricom (snrcf).
Perhaps this company(snrcf) is a fraud and there is more hyped (credible company?) in D'arrianne resources that is located in Quebec.

[betahighlander]

brand- we are so off the radar- conventional investors will not explore. the liquidity is to low for large risk takers, so only retail risk takers like You and me.
found sound msg board that had a lot of canadians on it. so they are even fewer investors there.
in think syncora is getting some accumulating action although at lower and lower ppps. Someone is buying all the shares. and i doubt its the mm. maybe some pool/accumulator if he can accumulate xxx shares someone will buy a block at market.

Potash seems ready for a market corner soon. Russia/bulgaria both have to want cold hard cash, Canadians would like a little better action.
Commodity cycle still playing out.
This is a sleeper until it wakes up one day.

[brandemarcus]

ot-
Has to be a flaw that Snowball's friend Mr market sees as why is the stock trading for 76 cents when the deal implies a value of 2 or greater in Us dollars. On the pink sheets and especially in the resources sector, I guess Graham & Dodd is dead. This and sycrf's drop have been a twilight zone experience. It is less the money loss, but the real burning question what could I have missed? I guess the market implies that this deal will be an unlikely to go through. Still at less than cash value, but as snowball says the cash means nothing because management intends to piss it away.
Still waiting for the answer to what I missed on sycrf.

[betahighlander]

Brand - OT- Karnolyte-
EDT:
Braich Group to acquire control of Karnalyte Resources Inc
September 30, 2015
Karnalyte Resources Inc. acquisition by Braich Group.
(1888PressRelease) September 30, 2015 - Saskatoon - Mumbai, India, based lawyer, Jamshed Mistry, who is also a member of the Canadian Bar Association, is pleased to announce that his client Canadian Billionaire Erwin Singh Braich, 59, in his capacity as a trustee of the Braich Group of Companies and Trusts ('Braich Group'), has made an offer to acquire control of Karnalyte Resources Inc. ('Karnalyte'), a publicly traded company.

The offer consists of a subscription to purchase 63,000,000, newly issued common voting shares at CDN $3.15, attached with two sets of warrants, exercisable at CDN $5.15 and CDN $10.00, both within two years.

Mistry stated that if both sets of warrants are exercised, it would give the Braich Group approximately 75% ownership of Karnalyte, on a fully diluted basis.

In addition to the immediate equity injection that Karnalyte will receive of CDN $198,450,000, if the warrants are exercised, as expected within 24 months, the company would receive an additional CDN $238,625,000. The Braich Group has also undertaken to provide an additional CDN $400 million by way of a loan facility, for completion of phase one of the potash solution mine located in Wynyard, Saskatchewan. The project has received approvals from all levels of government and is ready for construction.

The arrangement was made possible by Ms. Betty Hayer-DuSange, founder and Chief Executive Officer of the Ishan Group of Companies. Ms. Hayer-DuSange stated that she began her work with Karnalyte, in 2011 and was glad that she could arrange a deal of this magnitude that would benefit all involved parties.

The Ishan Group of Companies, had previously assisted Karnalyte in receiving an investment of CDN $45 million in March, 2013, from Gurjarat State Fertlizer and Chemicals Ltd. ('GSFC')

The deal with GSFC included an off-take agreement whereby GSFC will receive 350,000 tonnes of potash annually. At the time of this transaction reaching conclusion, now Prime Minister of India, Narendra Modi, was the Chief Minister of Gujarat state.

Ms. Hayer-DuSange, went on to say that, "after the CEO of Karnalyte, signed an agreement for the transaction that will inject in excess of CDN $800 million within 24 months into the company, that it was nice to see that Mr. Braich and Mr. Phinney were already collaborating to quickly implement phase two and three which will cost between CDN $2.5 to $3 billion, so that this project could produce in excess of 2 million tonnes annually of potash".

"With further Environmental Impact Studies meeting the approval of the Province of Saskatchewan, the Braich Group is prepared to fund the expansion of the annual capacity of potash production to become one of the largest low-cost producers in the world. The potential is 6 to 8 million tonnes annually, in fact, given the size of the reserves", added Ms. Hayer-DuSange. "This is why we are already working on potential rail routes and port facilities with government officials, Mr. Braich and the very talented Karnalyte team", she concluded.

The terms of the agreement are subject to approval by Karnalyte's board of directors, shareholders, and the Toronto Stock Exchange.

Karnalyte Resources Inc. Provides Clarification to Braich Press Release Issued on September 30, 2015
T.KRN | 20 hours ago
CALGARY, AB--(Marketwired - September 30, 2015) - Karnalyte Resources Inc. ("Karnalyte" or the "Company") (TSX: KRN) wishes to clarify certain statements made in a press release (the "Braich Press Release") issued this morning on behalf of Erwin Singh Braich ("Braich") regarding a non-binding proposal (the "Proposal") that was received by the Board of Directors of Karnalyte (the "Board") on September 21, 2015. The Proposal indicates that Braich is interested in making a significant investment in the Company by entities controlled by him, which, if completed, would result in Braich acquiring control of the Company.

Contrary to certain statements made in the Braich Press Release which suggest otherwise, no binding agreement has been entered into by Braich and Karnalyte with respect to such investment. The Proposal has not been accepted by the Board. In accordance with the Board's fiduciary duties, the Board is presently considering the Proposal along with all other strategic options available to the Board to secure financing for the furtherance of the Company's business plan, including the potential debt financing to be arranged by the Company's largest shareholder, Gujarat State Fertilizers and Chemicals Ltd., as referenced in the Company's news release issued on July 14, 2015. The Board has engaged Dundee Securities Ltd. as its financial advisor to consider the financial merits of the strategic alternatives available to the Company. The Company will disclose any material fact or material change relating to any financing by the Company in accordance with applicable securities laws as soon as such event occurs.

About Karnalyte

Karnalyte Resources Inc. is engaged in the business of exploration and development of high quality agricultural and industrial potash and magnesium products. Karnalyte intends to develop and extract a carnallite - sylvite mineral deposit through a known solution mining process at competitive costs and with minimal environmental impact. Using a staged approached to potash plant construction, the Company plans to operate a solution mining facility that will initially produce 625,000 tonnes of potash per year, increasing to 2.125 million tonnes of potash per year. Karnalyte owns a 100% interest in Subsurface Permit KP 360A and Subsurface Mineral Lease KLSA-010 located near Wynyard, Saskatchewan, comprising a total of 85,126 acres.

Karnalyte's common shares are traded on the Toronto Stock Exchange (TSX) under the symbol KRN.

For further information, please contact:

Karnalyte Resources Inc.
Robin Phinney
President
1(306) 986-1486
[e-mail]
www.karnalyte.com

image: http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=11G062978-001&sourceType=1


Marketwired (Canada)
September 30, 2015 - 4:15 PM EDT

Read more at http://www.stockhouse.com/news/press-releases/2015/09/30/karnalyte-resources-inc-provides-clarification-to-braich-press-release-issued#mgfv68p20XwBRDWj.99

[brandemarcus]

My ability to analyse this idea of yours is limited. This is clearly not my kind of market. I am now bottom fishing in coswf plus my falling knife catching in hgt. There is probably a screw loose in my head. These ideas must be nuts, since at or cdl or nn on google is considering them instead of uso.

[betahighlander]

from the last jump and then interest again today?
P&D scam/ something up?

Titanium Corporation Unaware of Any Material Change
V.TIC | June 9, 2015
CALGARY, ALBERTA--(Marketwired - June 9, 2015) - At the request of IIROC, Titanium Corporation Inc. (the "Company") (TSX VENTURE:TIC) wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.

About Titanium Corporation Inc.

Titanium Corporation's CVW™ technology provides sustainable solutions to reduce the environmental footprint of the oil sands industry. The Company's technology reduces the environmental impact of oil sands tailings while economically recovering valuable products that would otherwise be lost. CVW™ recovers bitumen, solvents and minerals from tailings, preventing these commodities from entering tailings ponds and the atmosphere: volatile organic compound and greenhouse gas emissions are materially reduced; hot tailings water is improved in quality for recycling; and residual tailings can be thickened more readily. A new minerals industry will be created commencing with the production and export of zircon, an essential ingredient in ceramics. The Company's shares trade on the TSX Venture Exchange under the symbol "TIC". For more information, please visit the Company's website at www.titaniumcorporation.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release


Read more at http://www.stockhouse.com/news/press-releases/2015/06/09/titanium-corporation-unaware-of-any-material-change#VJi6zyLiBp8AU65i.99

[betahighlander]

check out TITUF - 86% increase!!
ATNAF Next?

[brandemarcus]

Now that rvm is going to vanish into hl, I will describe some other copper / gold perpetual options. Best one is wrn, western resources gold and copper. Chairman of wrn Dale Korman(check spelling) has some other smaller ones with less liquidity such as North Isle Copper. Will be ones to look at after that big move in atnaf (any day now!).

Hgt has plenty of info on that mcdep site so I won't duplicate it. That's a good 20 year call option on Nat Gas. Swap the profits (years away!) into the penny uraniums already mentioned.

Hope the gse's or sycrf move or hgt or wrn , or atnaf. Then roll some of the proceeds into the others such as ag minerals such as krltf and snrcf.
That's the clever strategy which is so far mostly generated tax losses.

[brandemarcus]

Really ot!-Just read your sycrf post. Thanks! I think you need to adopt a sports team! However, I suggest you choose differently from what I adopt.
I follow the usa men's national soccer team which is hated by some ethnic fans and ignored by most until the next world cup. My other favorite team is an Nba franchise that is still hated by most of those in the town it plays in. That would be the La clippers. I know they are now a winning team but I followed them when SI labeled them the worst franchise in the history of sports. Still , my choices will allow you to connect with smart , interesting people who have the same problems with being contrary that are in my investment choices.
A better approach, would be to choose only winning , popular teams that are adopted by casual fans who want to jump on the bandwagon. The blue chip stocks of the sports world. This would be the better approach to cheer you up! I can't bring myself to do this as it is against my nature. That's why I am posting from the insane asylum. Good luck and don't let the sports team following cut into you investment analysis time!

[brandemarcus]

I agree it's funny! I have delusions of grandeur. I still think the Indians (gujarat) would be smart to use my plan.

Also, posters on that stockhouse site suggest that I might be minimizing the tax loss values. I may have a check again. There is no hurry as I doubt anything dramatic is happening soon. Most of the "action" in the jr sector is like watching paint dry. Slight move in uranium sector on some favorable Japan news.

[betahighlander]

LOL

[brandemarcus]

Better would be a strategic buyer. Let's say the buyer buys it, than uses the cash to acquire mgaff (mega uranium) trading at 50% discount to sum of it's market quoted parts. I also top Hecla's 20 million stock bid for rvm, perhaps I offer some cash. I then suggest to the Indians that they will be needing phosphate also in the future. I bid for Stonegate agricom for 15 million etc. I then swoop in and pick up phoschem trading at about cash value. Then I pick up uweff 15 million will take it along with vegyf trading at cash value.
Now most importantly, I consolidate administrative expenses drastically by having to pay for just one stock listing , financial reporting. etc.
Perhaps I buy smnpf an operating silver mine, probably grab the atnaf debt which is paying 10%. I probably still have 10-15 million cash left since the buyer has acquired some cash. I now have picked up future call options on quite a bit of Indian mineral needs far into the future. This is free info for the Indians -Please drive up the price of some of these stocks for me! Well there I go back to to the insane asylum!

[betahighlander]

in these days of low cost borrowing it would be so easy for one of the big players to gobble this up. Plus get the cash back. Gecko style.

Too bad we do not see any activity of that kind

[brandemarcus]

Allana potash (aaa.to)(lower capex , operating cost) was taken over by israeli chemicals for 157 million. Still, it was in Ethiopia . Perhaps favorable for transportation to India, China but still political risk vs Canada?
Then there is Western potash which has a similar grade and reserves( wpx.to) which mr market values today at 49 million and there is only 18 million in cash. Perhaps you can search compare something in the feasibility studies when you have time in the next few months that justifies the value management placed on the Karnalyte project of exactly 4 million salvage value. How about we give a value of 16 million Us instead for it.
(.59) per share. Let's also add the value of 32 million in capital losses. Don't know that much about Canadian tax losses (can't find their equivalent of irs 382) so let's just say 6 million to be consevative-.23 per share.
There is now only 32 million -us in Cash so still about 1.1 per share.
We have 1.1 +.59+.23= 1.92 and a stock market value of 62 cents.

Of course , I am entirely overlooking the discount factor that perhaps we are dealing with crooks. Perhaps Mr Phinney is also a crook who wants to loot the company and this is what Mr Market sees. Where is a small time Gordon Gecko or Carl Icahn? At least let's put Snowball on the case! Here is "management" that I can agree with him on?

[betahighlander]

Brand see_
mining stocks
UPDATE: Karnalyte Resources (T.KRN) rebounds after writing off Sask. potash project
Read more at http://www.stockhouse.com/news/newswire/2015/04/13/update-karnalyte-resources-t-krn-rebounds-after-writing-off-sask-potash-project#mT6wzwEfiOqDcvEq.99

http://www.stockhouse.com/news/newswire/2015/04/13/update-karnalyte-resources-t-krn-rebounds-after-writing-off-sask-potash-project

[brandemarcus]

Every month that gold doesn't move puts atnaf that much closer to refinancing risk. The worry is that management will convert debt to equity at the worst possible time to keep their jobs. There is a tremendous upside leverage here , but will the current shareholders live to see it? ot-Will be interesting to compare with the terms of the warrants in the restructured anv.

[brandemarcus]

ot- On Fnf , I think others are making my points. On the jr miners see my response to beta.

[brandemarcus]

Well another bad month with anv and now rvm management selling out for peanuts to Hecla. Hecla is a big mining company so there will now not be the leverage in a bull market that there was rvm.
Rvm management clearly got tired of waiting. I have moved to stadf, as it least has cash and no debt. The problem with the call options is some of these expire earlier as management declares bankruptcy before the debt is due or panics and sells out.
Another silver miner that seems cheep is smnpf which is partly the old usgif. Uweff(uranium) continues to languish , they will need cash soon to keep the lights on so they will probably have to double their shares outstanding. Management has an amusing presentation on their web site that claims a npv more than 30 times what the stock is going for. I think they will have to do something similar to stonegate agricom and do rights offering for canadian investors.
Krltf is now trading at half it's cash value as investors think that management will try to steal the cash and give away the potash deposit to the Indians in some crooked financing deal. Perhaps they will take a page from the us treasury and the 700 million will have a 100% sweep provision.
for 50 years and the shareholders get any money after that.
Finally here's a new one in uranium Mega Uranium (mgaff) which holds a 20% interest in an australian uranium company (toro energy)that's worth 150% of the market cap. They also own 20% of nexen energy which is worth 40% of the market cap. They also own some other uranium prospects in australia and they have no debt.

[Letgoofmyfannie]

Thanks for your thoughts and as I am now along with others engaging in Twitter Bombing, please would you mind placing your thoughts on a cogent Talking Point or two and I can try to craft them into 140 character tweets?


Re the Jr. Miners, I am following along but presently have no open positions, it seems to me gold can go either way (down) as the Market can stay irrational for a long time or (up) if somebody drops a bomb (literally or figuratively).

[brandemarcus]

ot- Remember in their warped thinking the third adm was necessary to take the money on behalf of the tax payers because fnf would need more money in the future. This is false (points #1, #2) so why give the government Corker, Warner ,Inspector General talking points. The companies are fine. People are always fighting the last war (real estate not in bubble in this country- but Canada????), so reserves are still too high and a source of capital with proper accounting.

Back on topic , anv was in effect a warrant that expired early from cash flow problems. This will be the fate of atnaf in about a year with out a 30 to 40% move in gold before then. If one owns stadf, iag or gss, this problem takes much longer to surface. Of course you have much less leverage to the upside or political risk-gss, iag.

[Letgoofmyfannie]

Good Consideration to Whom? Shareholders?

[brandemarcus]

ot-Since I have two fellow gse investors lurking here, I think the emphasis that fnf will fail if no capital is retained is bad strategy on "our" side.

1. Core earnings are still coming through and the interest rate hedges will reverse. Massive accounting(not real) profits come back if interest rates revert to even half of their 20 year average.

2. Inspector general waited 1.5 years to resurface after that ridiculous prediction about massive hidden losses on bad loans from 2013. How did that turn out? They are both over reserved and that is source of capital.

3. Now the treasury can make the case that the unlimited backing was good consideration for the third amendment.

[Letgoofmyfannie]

Hey Brandemarcus & Beta, I'm here, at least i'm still watching, WHEW I'm just glad I was not in ANV, not sure how that will go...yikes!

[Investolator]

The steep drop in 2013 was even sharper than that in 2008. Maybe it will now become stable for the next year or two and then return to the highs of 2006. At least I can dream. IMO. Only time will tell. Good luck to all and may you all have a great weekend.

[brandemarcus]

Okay it was a just an emotional reaction. I posted on the rvm ihub board just recently as I could't understand the drop. Even on my krltf the bearish point of view is that the Indians have some scheme to take the cash or force a large equity dilution to raise the money for the project.
This will happen before the old ceo can take control of the company in his proxy fight in may. Perhaps they will "sweep" the cash back to India.
In the last few days Coswf has rallied with oil & takeover rumors so I am not completely crazy. On pnpff the debt holders have given an extension and forced out Intenwash but I may admit defeat here. Thanks for your continued interest.

[betahighlander]

Marcus- Brand- Since it is only just us Chickens. please keep posting or at least let me know where you will be posting.
I do not check my google e-mail much but here it is:
[e-mail]

[brandemarcus]

Other than the golds, 2015 is worse than 2014 was. I think the market is not rational about rvm and coswf but as Keynes warned the market can remain irrational longer than you can remain solvent. Probably my last post on this board for a while as I getting tired of being wrong.

[brandemarcus]

1. Most are good although mux used to be at premium because of rob mcewen pr.
Au is a legacy of the Oppenheimers holdings in South Africa and other places.

2. Gixef is close to 4 million but I guess will assume more shares issued to keep the company in business.

3. Jeremy Grantham was a prominent investor who believed the peak phosphate
"myth" of 2011. I still think in 2015 it's worth a lottery ticket bet but I am a stubborn person.

4. 2014's small rally lasted until March so perhaps nothing will happen at all for a while.

5. I bought more krltf yesterday -how much lower can it go?

6. I still believe we will by the end of a 2015 have other posters on this board and will have to limit the ot topics. perhaps atnaf will be over 20 cents at that time.

[betahighlander]

Happy new year to you also Brand

Added syncora today. Did not bite on any gold. The prices are attractive though. My mother bought MUX and AU on a friends advice.

[brandemarcus]

Some things to consider on the last day of tax loss selling:

First on topic:

1. Take a 30 % chance of gold price higher than 1600 by end of 2015.
Now go figure what that price means for atnaf , anv or gss on just that 30% probability and you can see what a bargain these are here. Now remember that leaves a 70 % chance gold will do nothing or go below 500 -all in the price.


2. Cheapest gold in the ground that I am aware of. Gixef-6 millon market cap. 500 million pounds of copper bonus plus 1 million ounces of gold.
No financing anywhere in sight and the mexican drug lords control area but is that a surprise.

Further off topic:


1. rvm-huge resource at rock creek assume half of 28 million market cap for 2 billion pounds of copper and 240 million ounces of silver. Might be built before 2025. Then you get the other 14 million market cap for back in production 1 million ounces silver and 8 million pounds of copper and a ten year mining life.


2. Finally go read the "crazy" articles back a few years ago about phosphate shortages. After that , go find the speculative reserves of stonegate agricom-snrcf. Stock has gone from 1.50 to 3 cents. Not that bad of a lottery ticket! Thought that was an interesting gamble at 9 cents so that might caution you!


Happy New Year to the lonely few who lurk or post here! 2015 has to better than the past two years or even I might throw in the towel. Well, I might stop posting at least!

[betahighlander]

Fortunatley i took profits. PPS pulled back. I do think this could be on your Mid to long term radar. It is a financial play, too much blather on the board to follow, Look for mssg by bluefox if you want a good analysis.

Syncora still struggling, lets see what happens after tax selling!