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If I had more ammo, I would be buying.....
Picked up more @ .35
Gold is moving sideways now.
A nice spike in gold will kick this thing off.
Another good speculative jr. miner.
http://ownthefloat.com/index.php/2017/05/25/idmmf-a-golden-opportunity-idm-mining-tsx-v-idm/
Exciting results!
Latest news on kndyf.
http://www.northernminer.com/press-releases/story/?id=1003985676
Even with DD you can be wrong as well as
right with these penny stocks.
Welcome aboard and hope for higher gold and silver prices.
Just bought in. Let's all keep each other informed to make sure this isn't a scam. They sure did invest well in the paid advertisement I read, which convinced me to buy... a pretty spontaneous move without allot of DD.
Just bought in. Let's all keep each other informed to make sure this isn't a scam. They sure did invest well in the paid advertisement I read, which convinced me to buy... a pretty spontaneous move without allot of DD.
Nothing to pump Whoisit...this one will stand on its own, I'm right here with you, accumulating more today, and also both my sons are moving in as well....I like the long term look of this one...
Just because I started this board they called
me a stock pumper.
I am just the opposite, I am in it for the long term only
if the company does not screw up.
Sure I could have sold when it went too .80 but it
is not my style.
Holding long for much higher outcome.
Compensated Stock Beast pump, poorly done in my opinion, might get better down the road, $54,000 for a one month pump.
I say yes, it trades thin...or so it seems?
That was a nice early spike to .80
Will it happen again?
yeah, not very liquid right now but gaining some traction.....
I will check out NAK, thanks!
That is what caught my attention their financials.
It appears it is much easier to mine in this district
without all the red tape and permitting process like
in the US and Canada that can either slow down or halt
a project like NAK.
I am invested in NAK and hopefully they will partner
with a major soon.
Thanks for all the info.
About Kyrgyz Republic
Straightforward,
supportive, and
competitive mining law.
v Transparent and certainty of title.
v Absence of excessive bureaucracy
and red tape.
v Low corporate taxes.
v Modern infrastructure providing
for a low cost environment.
v Experienced and qualified local
workforce.
v Friendly population: low-risk
environment.
Investment Summary
v Highly Experienced Management Team
v Large & Strategic Land Package in a World Class Geological Setting
v Giant Mine Potential - The Tien Shan Gold Belt Hosts Some of the
World’s Largest Gold Mines
v Significant Past investment and expenditure advancing the project
towards production.
v The property encircles Zijin’s Taldybulak Levoberejnyi (TBL) Mine,
which is in production.
v The only Company in the world that has connecting mineralization
from a producing high grade gold mine that is owned by a “SuperMajor”
- Zijin’s TBL Mine
v Well funded with a strong balance sheet, no debt and a solid
institutional ownership base
As at March 27, 2017
Issued & Outstanding 79,898,024
Warrants 4,633,044
Options 0
Fully Diluted 84,531,068
Cash 8.5 M
Debt None
I took a starter position today just under .37....I like their location to one of China's largest miners, the ease of "re" drilling holes once drilled by the Russians.....and lastly, I just think as gold rises, the majors are going to be forced to buy up the smaller players....
I just had this happen with my position in XRA, getting purchased by GoldCorp (GG).
I also hold the following:
Victoria Gold
AuRico Metals
International Tower Hill Mines
Alexco Resources (mostly silver play)
Thanks for the news.
This (MAY) be a good play if the price of gold goes up.
Like any Jr. mining company it is a crap shoot.
What connection have they with the private Co?
If this starts to change direction when the price of
gold rises I will accumulate more.
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - May 15, 2017) - Kenadyr Mining (Holdings) Corp. (TSX VENTURE:KEN)(OTC PINK:KNDYF) (the "Corporation" or "Kenadyr") is pleased to announce that drilling has commenced on the South Zone of Kenadyr's 100% owned Borubai License, Kyrgyz Republic.
The South Zone is directly adjacent to Zijin Mining Group Co Ltd.'s ("Zijin") Taldy-Bulak Levoberejny ("TBL") Mine deposit, currently in production.
Initial drilling is designed to intersect an area which was previously drilled by the Soviet's between 1970 and 1990, and which intersected significant gold mineralization.
The South Zone is open in three directions and to depth and drilling in this zone has the potential to see increased grade of the mineralization (from historic numbers) as a result of increased core recovery (core recovery during Soviet drilling averaged only 60% recovery) and the use of Fire Assay versus ICP analysis techniques (which were predominately used during Soviet assaying).
The target depth of the initial drill hole is 850 meters.
Kenadyr is in a strong position to embark on this upcoming program, having a strong balance sheet, no debt nor significant payments owing, a strong institutional shareholder base and a management team with extensive in-country operational experience, and merger and acquisition expertise.
Dr. Alexander Becker, Kenadyr Chief Executive Officer, states, "Drilling has now commenced, ahead of schedule and this is a testament to the team's strong efforts in the field along with the efficiency of QED, the drill contractor. The South Zone is a high priority area for Kenadyr with excellent underlying geology. It is open and strongly mineralized at the extent of drilling, according to historical results, and we look forward to retesting this area, to confirm the high grade results reported from previous drilling."
Kenadyr's Borubai project comprises a 100-per-cent-owned exploration licence covering a contiguous 164-square-kilometre land package that encircles the Zijin/Kyrgyz/Altyn newly constructed and operational TBL mine, in northern Kyrgyz Republic.
Zijin, the majority owner of the TBL mine, is one of China's largest gold producers, second-largest copper and zinc producer, as well as a major producer of tungsten and iron ore. In 2015, Zijin's sales revenue and net profit attributable to the parent company reached $11.44-billion (U.S.) and $255-million (U.S.), respectively, ranking first and second, respectively, among 14 major global public gold miners (source: Zijin website). According to a news release published by Zijin. on Aug. 15, 2011, the national resources table of Kyrgyz Republic stated that the TBL field contains (C1 plus C2) 8,906,100 tonnes of gold ore (the average grade is 7.23 grams per tonne) and the gold metal volume is 64,420.5 kilograms, among which the C1 grade (initial mining reserve) is 4,949,754 tonnes of gold ore (the average grade is 7.02 grams per tonne) and the gold metal volume is 34,754.6 kilograms. The TBL mine is designed to produce 125,000 ounces of gold per annum. The TBL mine deposit is directly adjacent to Kenadyr's initial drill target, the South Zone, which was previously drilled by the Soviets, with drilling on the Bourubai License exceeding 98,000 meters.
Readers are cautioned that the resource and reserve estimates relating to the TBL mine do not extend to the Borubai project. Kenadyr has not independently verified the information with respect to the TBL mine provided in this news release and it is not necessarily indicative of the mineralization on the Borubai project. A qualified person has not done sufficient work to classify the historical estimates on the TBL mine as current mineral resources or mineral reserves, and Kenadyr is not aware of the resource and reserve categories, or the key assumptions, parameters and methods used to prepare the historical estimates on the TBL mine. Kenadyr is not treating the historical estimates on the TBL mine as current mineral resources or mineral reserves as defined in National Instrument 43-101. While Kenadyr considers the historical estimates on the TBL mine disclosed in this news release to be relevant to investors, Kenadyr cautions readers that they should not be unduly relied upon in drawing inferences on the mineralization on the Borubai project.
Kenadyr's Borubai project, which surrounds the TBL mine, has been the subject of extensive historic exploration including drilling (98,200 metres in 184 diamond drill holes), trenching (13,800 cumulative metres), bulldozer cuts (33,400 cumulative metres), geologic mapping at 1:25,000 and 1:50,000 scales, ridge, spur and grid soil geochemistry for multi-elements (14,200 samples), rock geochemical sampling (2,320 samples), pan concentrate sampling (790 samples), 100 metres of adits, and 184 metres of underground raises. Additionally, the entire area has been subject to airborne magnetic, radiometric and gravity surveys, as well as ground-based resistivity and induced polarization surveys. Additional high grade gold targets exist throughout the Borubai license. The entire license has been subject to extensive geochemical and geophysical surveys, with follow up trenching and drilling on only a few of the identified anomalies.
Additional information in respect of the Corporation's business and the Borubai project is available in the Corporation's filing statement dated February 27, 2017, available under the Corporation's profile on SEDAR.
Kenadyr has an expert team of mine developers with considerable local and regulatory knowledge, led by Chief Executive Officer Dr. Alex Becker, who has operated successfully in the country for much of the past 20 years. The board and management team includes; R. Stuart (Tookie) Angus (Chairman), Alexander Becker (Chief Executive Officer), Bryan Slusarchuk (President), Douglas J. Kirwin (Director), Brian Lueck (Director) and Kevin Ma (Chief Financial Officer). Mark Eaton will act as an adviser to the Corporation.
QED and its predecessor company have a 30-year history and QED has grown their business to be an industry leader in the provision of drilling services to varied clients. QED's services includes diamond drilling, reverse circulation (RC) drilling, RC grade control, geothermal, geotechnical drilling, water boring and slope stability solutions. QED acts as a drill contractor for multiple public and private companies around the world including major, mid-tier and exploration focused companies.
Kenadyr has 83,947,623 common shares issued, along with common share purchase warrants exercisable at various prices for an aggregate of 4,633,044 common shares, and 8,385,000 incentive stock options exercisable at $0.80 per share and subject to vesting.
Brian Lueck, P. Geo, a director of Kenadyr and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.
On behalf of Kenadyr Mining (Holdings) Corp.
Dr. Alexander Becker
Chief Executive Officer and Director
I bought in @ .40
Lets see where this goes
The financials look good but it could be BS.
I am not recommending or trying to pump
this stock but thought it interesting as
a new spin off of a private mining Co.
I am just watching now with a low buy order.
Any more info that can be added to the intro.
Please advise me and I will edit the intro.
Thanks
This appears to be a new spin off of the private company
as a holding company.
It is now becoming active in the Canadian market where it
is up .06 cad this morning.
I guess someone has to start this here by bringing down
the ask.
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