Bullion Monarch Mining (fka BULM)

[geodan]

0.45 EMX common share and US$0.11 cash

Where is that today? .99+.11 = $1.10 so the preminum is pretty much out of it. But BULM is still teh cheap way to buy EMXX.

[MineDigger]

It may accelerate EnShale, but I won't get the same benefit as when it was owned by BULM.
And obviously the tech obviously isn't as attractive as EcoShale, despite the time spent.
So management have deprived us (share price) of both the historic value of the mining profits by spending them on EnShale, and the future possible benefit of a better-leveraged outcome of that expenditure.

[geodan]

Digger, EMXX liked EnShale, I expect it to accelerate EnShale.

BTW EMXX got wacked today for finding new prospect in Alaska. Seems good news but stock went down.

[woje]

Seems like there should be some buying here soon with the .11 cash per share happening before long.

[bigone]

Sounds reasonable....

[bwldforbucks1]

I haven't received mine. My understanding, fwiw, is that the proxy is complete / nearly complete but they haven't gotten the go ahead from the SEC to move forward yet. Once the SEC gives its sign off I think it should proceed pretty quickly as my guess would be BULM has the votes internally to approve, and then finish up any other administrative work.

[bigone]

So the proxies have not been mailed yet?

[bwldforbucks1]

Cole recently gave an interview where he said he believed it would be complete by May. Currently going under SEC review. I'd key off when they do the proxy as completion shouldn't be too long after that...hopefully.....

[bigone]

Thanks geodan. Maybe very soon?

[geodan]

Initial guess was April by BULM

[bigone]

We purchased a few shares of BULM. We like both companies but going in the back door through BULM to get EMXX was the cheaper way to get there today.
Any idea when the deal will close?

[geodan]

EMXX and BULM only gold stocks up that I see.

Guessing the merger is just about over.

[geodan]

Glad I picked some up yesterday, Gold Rally

And BULM and EMXX is following the metal rally.

Cheers

[geodan]

EMXX down to 60s Mill EnterpriseValue


Its cheap. I bot some BULM at 1.02 today because want more EMXX.

[Lowjack]

I'm looking to cover the rest of my EMXX between 1.60-1.8. Bulm will probably fill that gap!

[geodan]

EMXX decline finally getting to BULM.

The arbitrage is squeezing it out. But looks like gold may have bottomed today so EMXX will rebound. The close should come any day.

My other BB stock IVFH has exploded about 200% in last 10 days, finally got recognized. EMXX/XCHO will have its day in sun too.

[geodan]

Sounds like good deal to me

[geodan]

Rocket, may have mentioned IVFH, well it just made list at #11 http://investorshub.advfn.com/boards/breakoutboards.aspx

10K was spectacular, stock was 1.5 P/E and 39% cash to mkt cap when it came out. Its up about 50% already but this Wowza advisor guy has just adopted it, likely why #11.

Thought you would find of interest.

[geodan]

weeks away, my guess on close of deal

[User-65225]

Eurasian Minerals Announces Agreement to Sell the Sisorta JV Gold Property in Turkey for Gold Bullion and a Royalty Interest
MarketwirePress Release: Eurasian Minerals Inc. – 31 minutes ago


VANCOUVER, BRITISH COLUMBIA--(Marketwire -04/03/12)- Eurasian Minerals Inc. (TSX-V: EMX.V - News)(AMEX: EMXX - News) (the "Company" or "EMX") is pleased to announce the execution of an Option Agreement (the "Agreement") with respect to the Sisorta gold property located in north-central Turkey. The Option Agreement is between EBX Madencilik A.S. ("EBX Turkey"), a Turkish corporation that controls the Sisorta property pursuant to a joint venture between its owners ("Sellers," described below), and Colakoglu Ticari Yatirim A.S. ("Colakoglu"), a privately owned Turkish company. EBX Turkey is a joint venture owned 51% by a subsidiary of ASX listed Chesser Resources Limited ("Chesser") and 49% by a subsidiary of EMX, and they are the "Sellers" under the Agreement. The obligations of EBX Turkey and the "Sellers" under the Agreement will be guaranteed by Chesser and EMX.

The Sisorta JV project, located in the Eastern Pontides mineral belt, is a volcanic-hosted, near-surface, epithermal gold deposit with a NI 43-101 mineral resource at a 0.4 g/t cutoff of 91,000 indicated gold ounces from 3,170,000 tonnes averaging 0.89 g/t, and 212,000 inferred gold ounces from 11,380,000 tonnes averaging 0.58 g/t (please see Company news release dated June 16, 2009). Near-surface, oxide mineralization represents 76% of the indicated gold ounces, and 73% of the inferred gold ounces, thereby establishing the property's potential for a small scale, open pit mining operation.

The Agreement requires Colakoglu to make an up-front payment of 100 troy ounces of gold bullion, or its cash equivalent, and to undertake a US $500,000 work commitment over the first year. After the first year, Colakoglu can exercise an option to purchase the property for an additional 7,900 troy ounces of gold, or its cash equivalent, with the payments binding on exercise of the option, but staged over a period of four years after option exercise. In addition to the gold payments that will total 8,000 troy ounces, the Sellers will also receive a 2.5% Net Smelter Return (NSR) royalty for any production from the property.

Overview of Commercial Terms. Upon Colakoglu's execution of the Agreement and initial payment of 100 troy ounces of gold bullion or its cash equivalent, the Sellers shall grant Colakoglu an option to purchase all of the Seller's shares in EBX Turkey. Colakoglu has the right to exercise its option during a 60-day period after the first anniversary of the Agreement subject to the following terms: 1) spend US $500,000 in exploration work on the property within the option year, 2) deliver notice that it will exercise the option to purchase the shares, and 3) deliver 900 troy ounces of gold bullion, or its cash equivalent, to the Sellers. Once the option is exercised, and in consideration for the shares in EBX Turkey, Colakoglu will:



-- Grant to the Sellers a 2.5% NSR royalty from the Sisorta property;
-- Agree to reconvey the shares in EBX Turkey or the Tenement to Sellers or
their designees if Colakoglu decides to abandon the Sisorta property;
and
-- On the first through third anniversaries of option completion, make
guaranteed payments to the Sellers of 1,500 troy ounces of gold bullion,
or its cash equivalent, and on the fourth anniversary guarantee the
delivery of 2,500 troy ounces of gold bullion, or its cash equivalent.

In summary, after Colakoglu has fulfilled all of the option agreement obligations to acquire the Sisorta property, it will have paid 8,000 troy ounces of gold bullion, or the cash equivalent, timed over a period of five years. Further, Colakoglu shall pay EBX Turkey a 2.5% NSR royalty from any production on the property. EMX's share of this will comprise 3,920 troy ounces of gold bullion and a 1.225% NSR Royalty.

EMX and the Prospect Generation Business Model. The Sisorta property is an excellent example of EMX's execution of the prospect generation business model. EMX's in-country exploration expertise in Turkey allowed the identification and timely acquisition of Sisorta in early 2004. Later in 2004, EMX entered into a joint venture with Barrick Gold Corporation ("Barrick") that included cash payments and exploration expenditures that added value to the Sisorta project. Barrick exited the joint venture prior to earning-in, and subsequently a "Farm-In Agreement" was executed with Chesser in October, 2007. Chesser earned a 51% property interest in 2009 by spending US $4 million, paying EMX a total of US $400,000, and issuing 3 million Chesser shares to EMX. Chesser's exploration expenditures advanced the project through drill delineation of the NI 43-101 resource, and set the stage for the deal with Colakoglu. The Colakoglu Agreement is structured to develop further value with the initial in-ground spending requirements, and to provide an on-going revenue stream denominated in terms of gold ounces over the next five years, as well as providing an organically generated royalty asset to the benefit of EMX.

About Eurasian Minerals Inc. Eurasian Minerals is a global gold and copper exploration company utilizing a partnership business model to explore the world's most promising and underexplored mineral belts. EMX currently has projects in ten countries on four continents, and generates wealth via grassroots prospect generation, strategic acquisition, royalty growth and merchant banking.

Dr. Mesut Soylu, P.Geo., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, has reviewed and verified the technical information contained in this news release.

Forward-Looking Statement

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Eurasian Minerals Inc. Actual results may differ materially from those currently anticipated in such statements.

The NYSE Amex, TSX Venture Exchange and the Investment Industry Regulatory Organization of Canada do not accept responsibility for the adequacy or accuracy of this release.
Contact:

Eurasian Minerals Inc.
David M. Cole
President and Chief Executive Officer
[phone]
[e-mail]
www.eurasianminerals.com
Eurasian Minerals Inc.
Valerie Barlow
Corporate Secretary
[phone]
[phone] (FAX)
[e-mail]

[Lowjack]

Did you vote yet?

[geodan]

There might be none, April was the time frame told was likely.

So there likley will be a PR that says the deal is sealed and on so and so date shareholders get the money and EMXX stock.

But BULM went thru the junior gold crash that ended today much better than most. CGR is just .05 off the bottom after reporting a $800 million reserve add (and CGR has $200 mill cap). Look at GDXJ chart, juniors were killed until today, but BULM is same it was before the bloodbath.

[DustyO1]

Anyone know when we are going to get an update on the merger?

[geodan]

Great article in Motley on another small miner.

EMXX will be my biggest holding in about a month after merger. My 2nd would be CGR, maybe aftre this news EMXX should buy CGR too.

Motley Fool:
To say that I'm enamored with the gold sector of late might be a gross understatement. A mixture of near-record gold prices and increasing mining efficiency has created an almost perfect storm of value among gold producers.

The pickings in the sector are vast, so choosing which company I was potentially going to invest in next was difficult to say the least.

Barrick Gold (NYSE: ABX ) has been catching my attention as the second-largest gold producer in the world, and with its dividend tied to the yellow metal, it allows shareholders to essentially play along without having to own physical gold.

Gold Fields (NYSE: GFI ) is also looking particularly cheap at just seven times forward earnings. The reason I was considering purchasing this company was its additional deposits of copper, a metal that will continue to benefit from growth in the BRIC countries. But then I realized I already have this wonderful stock named Thompson Creek Metals (NYSE: TC ) that is a core holding in my portfolio that's sitting on 2.1 billion pounds of copper and 6 million pounds of gold at its Mt. Milligan property.

So what stock did I finally decide on? Get ready for this...

Claude Resources (AMEX: CGR ) .

Yes... puny old Claude Resources, which currently has only one gold-producing mine, the Seabee mine. But don't let Claude's size fool you -- there's more to this junior miner than meets the eye, as Foolish precious metals junkie Christopher Barker has touched on before.

Within the past week Claude Resources increased its inferred mineral reserve estimates by a whopping 236%. You heard me correctly: a 236% increase that implies 873,400 ounces of gold over its year-end 2010 figures based on drilling estimates.

The biggest boost to Claude's inferred estimates came from the Santoy Gap, which is projected to yield 495,000 ounces of gold at an almost identical grade (6.6 grams/tonne) to that of the current Seabee mine. Santoy 8 also provided a nice boost with inferred resources more than doubling to 149,000 ounces from 66,200 ounces.

Stay with me now, because here comes the fun part. Adding together the proven and probable reserves of Seabee and Santoy 8 at 355,600 ounces, the measured and indicated reserves of 70,700 ounces, and the recently boosted inferred reserves of 873,400 yields about 1.3 million ounces of gold. That's about $2.16 billion worth of gold at today's prices currently sitting in the ground.

The kicker is that Claude Resources isn't valued anywhere near this $2 billion mark. In fact, it's not even valued at the $200 million mark. With an enterprise value of $166.4 million, Claude is just barely trading above its book value despite being profitable and forecasting a 13% rise in gold output over 2011. It's as if investors are completely ignoring the long-term prospects of its Seabee operations and focusing on the lowered production forecast for 2012.

As for me, I'm certainly not. I see an unbelievable value in Claude Resources and I may just add even more to my recently initiated position when the Fool's disclosure policy allows me to. What I do plan to do now is to make a CAPScall of outperform on Claude Resources.

Give it to me straight, fellow Fools -- am I a genius or a certified wacko? Tell me in the comments section below and consider joining me in making a call on Claude Resources on CAPS.

[bwldforbucks1]

It's close. The voting agreement included current MGMT and a former director. They all account for a little short of 40%. Assuming the Dourave guys vote in favor then I believe we're basically at 50%, so yeah I think it's effectively been approved.

[geodan]

bwld, believe enough stock has already voted, that was part of deal. Over 50% oked it before annouced, from recollection.

[geodan]

Dobie, no need for volume, I am waiting for my 1.30 and many others are too.

[geodan]

Read 10Q nothing too surprising. they made a profit but less than last year because less productions out of Leeville and spent more in Brazil.

Somewhat of moot point now.

[jollaksentiefromwork]

10-Q is out
http://www.sec.gov/Archives/edgar/data/1497246/000101041212000066/f10q3rdqtr2012ver031312final.htm
.01 earnings per share. Revenue stable compared to last year. Lower production, higher prices. Looks like Bullion is still spending on Brazil, and Enshale. Nothing new about merger. A property called Calderas in Brazil got some mention about encouraging sediment results. I don’t recall much about the Calderas property being mentioned in previous postings.

[Lowjack]

Maybee BULM should be buying someone with cash! Do an all stock deal for GBG. Youl pick up producing mines and a Great investor base, along with access to the manpower and equipment needed.

[futrcash]

This patent being approved means we can move forward with licensing our process and raising the funds necessary to build a production facility. Our future goals are to complete a feasibility study, geologically define an oil resource within our leases, and raise enough money to build a commercial size production facility."[/quote]

futr

[Lowjack]

Shorts are probably the only liquidity when there is little to no volume. Just to be clear I am Short EMXX. I have already taken profits in BULM on the first day of the NEWS. If the merger does not happen you'll be at the bottom of the gap the NEWS created. May happen anyway. I allways take profits when I have them "within reason". Then try and take advantage of other opportunities.

[Dobie Lama]

Do shorts make money when there is no volume, no liquidity?

I have racked up a nice paper profit thus far. Deciding when to sell and cash in.

[Lowjack]

I suspect the previous Buyout offer group is stuck with shares. Even if the new deal is approved they still may not find liquidity. I would ask for more than $.11, or more shares. EMXX share price was run up just prior to the deal. One of the reasons I shorted it.

[Dobie Lama]

If the merger is a brilliant move, why no volume?

[bwldforbucks1]

FYI, to all BULM shareholders supportive of the merger, check out the proxy statement filed by EMXX.....it looks like if your shares are held in street name at your broker (which for most people probably is the case), you will have to contact your broker for further details on how to vote in support of the merger. I'll double check this but the language seems pretty clear.

Any non vote will be counted as an "Against" vote. They need a majority to complete the merger.

[User-65225]

Yep, not wise... especially when the CEO of EMXX claims the deal with Newmont makes them a buyout candidate if things continue to go well... and he would know, considering he sat at an executive level within Newmont. lol

their market cap is nothing when compared to the several billions the Newmont JV could be worth... and this is just a part of the picture when you add in their many other Joint ventures/properties/royalties

Also, some big buyers appear to be loading every time it gets around 2.50... With billionaire funders backing EMXX, they could ignite it at any time.

...and lets not forget how significantly Eurasians balance sheet will improve with the BULM deal... I dont see them ever needing to dilute again. They will be near break even with around $75,000,000 in cash once all the outstanding options/warrants are converted... and several new royalties and JV deals are about to start paying... they might even sell some of their 145 properties for a nice profit.

Would not be surprised to see it start a new leg soon... it'll probably happen right before the merger closing... id be nervous if i were short...

[just_an_ant]

Don't seem very confident to me, seems you would have put another quarter down at 2.58 or so........

Why mess with an individual stock (fairly thinly traded and under $5), just go with indexes....

Especially when a company (such as BULM/EMXX) is already discounted to its peers.

[Lowjack]

Longer than 5 days! Just hedging my other bets in the sector. I have a rule to only put on a quarter of a position when shorting stocks under $5. Leaves plenty of wiggle room. Especially when arbitraged. Short with ammo!

[just_an_ant]

How long suppose to hold the 'underwater' short position that is accruing margin interest?

[Lowjack]

Looks like I timed that well. Gold rolled over and played dead today.

[geodan]

Rocket, the link is bad. But thanks for excerpt

[geodan]

Best day in while, the arbitrage is closing.



And CGR is dirt cheap now.

[User-65225]

3 top junior miner picks from Exploration Insights' Brent Cook
BNN Market Call Tonight
Published Thursday, Mar. 08, 2012 6:18PM EST
Last updated Friday, Mar. 09, 2012 7:19AM EST

Eurasian Minerals is an exceptionally diverse global exploration company that recognizes the high risk of exploration and offsets the financial risk to major partners. They have one of the best geologic teams in the industry with properties in Turkey, Haiti, the U.S. and Australia that hold the potential to produce world-class discoveries. Their Leeville gold royalty should generate in excess of $6-million annually, which when combined with their $36-million in cash means they are self funding, should never have to finance again and are able to take advantage of opportunities.

http://www.theglobeandmail.com/globe-investor/investment-ideas/3-top-junior-miner-picks-from-exploration-insights-brent-cook/article2363487/

[Lowjack]

Short 30k EMXX at $2.48!

[User-65225]

Ashburton to be Granted Option by Eurasian Minerals for Second Gold Property in Nevada

VANCOUVER, BRITISH COLUMBIA, Mar 07, 2012 (MARKETWIRE via COMTEX) -- ASHBURTON VENTURES INC. CA:ABR 0.00% (frankfurt:ARB) ("Ashburton" or the "Company") is pleased to announce that Eurasian Minerals Inc. CA:EMX +0.79% EMXX +0.95% has agreed to grant, through its wholly-owned subsidiary Bronco Creek Exploration, Inc., an option to Ashburton for the Richmond Mountain gold property, located in the Eureka Mining District of north-central Nevada. The property has Carlin-type gold as well as base metal (+/- gold) replacement targets, and is located only two kilometers east of the Archimedes Mine (operated by Barrick Gold Corp.). The southern claims abut the South Eureka Project (owned by Timberline Resources, Inc.), considered by Timberline as their flagship exploration project for sediment-hosted gold mineralization.

The Richmond Mountain property includes the eastward projection of an early Cretaceous igneous-related hydrothermal system that includes iron-rich skarn and spatially associated polymetallic base metal deposits along its western and southern contacts, as well as gold mineralization at the Archimedes Mine. The property also lies along the northern projection of several structures hosting Carlin-type mineralization. Much of the prospective ground lies under cover, with the southern claims having exposed Paleozoic sedimentary rocks with jasperoids, carbonate-destructive alteration, pathfinder elements, and locally anomalous gold. There has been limited exploration on the property and previous drilling (two drill holes approx. 378m and 457m total) on the northern claims did not reach target depths under cover.

Ashburton President Michael England states, "Richmond Mountain is the second gold property in Nevada that Ashburton has agreed to option from Eurasian Minerals, with Cathedral Well announced just weeks ago. Eurasian's geologically-driven approach that emphasizes mapping, coupled with new conceptual models at the deposit scale, place both Cathedral Well and Richmond Mountain high on the list for significant new discoveries."

Subject to execution of the formal agreement, Ashburton may earn an initial 70% of Richmond Mountain by paying $35,000 on signing, incurring five million dollars in exploration expenditures, issuing 3.4 million Ashburton shares over seven years and delivering a feasibility study together with additional cash and share payments (all dollar amounts in USD). Year-one activity will focus on a review of recent geophysical surveys and trenching of subcrops on the west side of Richmond Mountain where anomalous gold results were obtained from recent soil and rock sampling to delineate additional drill targets.

The technical contents of this release were approved by Dr. Tom McCandless, P.Geo., Vice President, Exploration for Ashburton and a qualified person as defined by National Instrument 43-101.

Ashburton Ventures Inc. is a Canadian-based junior exploration with active mineral programs in the Yukon, Canada and Nevada, USA.

Eurasian Minerals Inc. CA:EMX +0.79% EMXX +0.95% is a global gold and copper exploration company utilizing a partnership business model to explore the world's most promising and under-explored mineral belts. Eurasian currently has project interests in ten countries on four continents, and generates wealth via grassroots prospect generation, strategic acquisition, royalty growth and merchant banking.

ON BEHALF OF THE BOARD

Michael England, President

Forward-Looking Statement:

Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Ashburton Ventures Inc. Actual results may differ materially from those currently anticipated in such statements.

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.



Contacts:
Ashburton Ventures Inc.
Michael England
President
[phone]






SOURCE: Ashburton Ventures Inc.

Copyright 2012 Marketwire, Inc., All rights reserved.

[foxwoodsfan]

Nice volume day here.....what's up?

[geodan]

BULM a star today, most crashed. Have found no satisfactory explanation for the $90 crash in gold today. It seems more a manip to me, as dollar was dropping bad and gold soaring,making econ look bad, so maybe the Fed came in and sold gold?

[geodan]

Both stocks starting to roll, BULM up 2 pennies and EMXX 1 penny. With gold price roaring expect that to speed up pretty soon to a roar for both.

[bwldforbucks1]

FWIW, I think last year's date was due to not having Dourave....the last few have been released at or a few days after the 45 day period after official quarter end....which would put us around March 15th....I think acquiring Dourave, necessitating consolidation of the F/S, is what has pushed back filing.