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Buyer beware... I'd pay attention to the sticky note on this board. The company has authorized the issuance of over 3.8 billion shares, and given the history of any high volume OTC stock, they are well on the way to reaching this figure through massive convertible debt.
Educate yourself and save the headaches of massive losses and false hopes on the dreams of some executives who don't know how to run a tech company... http://www.investopedia.com/terms/p/pipe-deal.asp
Move on, folks, this one is going to 4 billion shares outstanding sliding into oblivion.
If you want to keep arguing that their sales are growing, etc, there are a thousand other deals with much better financials which have ended up in ruins thanks to PIPE financing (see link above). Just look at what debt financing did to NTLK and LTNC, to name 2 out of hundreds (check out 3-5 year charts).
Consider this a friendly neighborhood warning. I don't own this stock, I'm not shorting it. Just checking in after a few years of absence.
NEWS: Radcliff Joint Venture Starts Shipping Material to Midas Mill
CASH FLOW COMMENCES, MARKET CAP LESS THAN $5MM!
Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce that the Company and Pruett Ballarat Inc. ("PBI"), the mine operator and the Company's joint venture ("JV") partner at the Radcliff Mine Property ("Radcliff") has commenced shipping material to the Klondex Mines Operations Inc. ("Klondex") Ore Processing Mill at Midas mine, situated in Elko County, NV, under a 'test batch' arrangement. The renewable agreement for purchase and sale of gold ore allows for Klondex to process up to 6,000 tons of oxide-dominated gold-bearing rock, in batches of 1,500 tons. The agreement allows for an initial smaller test batch of Radcliff mineralized rock to be treated (approximately 500 tons).
The Company's business plan is to selectively mine "high grade" portions1 of an indicated resource at the Radcliff, with run-of-mine grade calibrated sub-sampling of mined material at the run-of-mine sub-sampling plant located at the 5510-level portal. Sampled material is submitted to an off-site laboratory.
1 The presence of "high grade material" at Radcliff is documented in the NI43-101 compliant technical report filed on SEDAR. The mineral resources as stated January 9, 2013, remain current mineral resources.
Since the release of October 4, 2016, PBI has taken six production rounds (estimated to total about 232 short tons ["tons"] and two slash rounds [estimated at 24 tons]). Of the material mined, four of the rounds have returned production estimate sample assays that meet the criteria for shipping. Material not qualified for processing at Midas will be stockpiled for processing at the Company's Bishop Mill facility, in anticipation of completion of the bond arrangements with the California Regional Water Quality Control Board in Lahontan, CA. The Mill is being refurbished for commencement of operations in Q1, 2017.
CMC President, Ian Graham commented: "The first shipment of material to Klondex is a major achievement for the Company. Cash flow from the shipment will be used to increase production in anticipation of final permitting at the Company's 100% owned Bishop Mill."
The Company further wishes to announce it has received 300,000 shares from MGX Minerals Inc. ("MGX") pursuant to an agreement announced July 19, 2016 for the lease of the Silver Hart portable mill by
MGX for a period of 6 months. Upon completion of the term of the lease, the Plant will be shipped to the Company's operations in California, USA.
On behalf of the Board:
"Michael Scholz"
___________________________________
Michael Scholz, Director
CMC METALS LTD.
For further information on the Company, please contact Mr. Jack Bal, CEO, Telephone: 604-306-5285 jackbalyvr@gmail.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.
"This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."
CMC METALS RESEARCH REPORT
Found on www.juniorminingpro.com
CMC Metals Ltd. (CMB:TSX Venture)
Shares Outstanding: 34,545,819
Options: 1,000,000
Warrants: 3,745,000
Fully Diluted: 39,290,819
Share Price (09/12/16): $0.11
CMC Metals (CMB:TSX Venture Exchange) is an emerging Canadian junior mining company, which we believe is on the verge of a major upward move in the short term.
CMC’s strategy is to acquire and develop past producing mines, then rehabilitate and put them back in production, thus generating dilution-free cash flow for shareholders.
The company currently has two advanced projects in it’s portfolio – The Radcliff mine in Southeastern California, and the Silver Hart mine in the Yukon, near B.C.’s border. Both mines come with similar fundamentals, in that they were both highly profitable during the time they were active. The mines were shut down decades ago due to extremely low gold and silver prices, and have since been abandoned.
With the recent major resurgence in precious metals prices, Radcliff and Silver Hart are once again looking like attractive opportunities for a savvy management team to develop and exploit.
If you have been paying attention to the resource sector, particularly gold and silver exploration and mining companies, you will have noticed hundreds of companies have seen their share prices surge 100%, 200% and up to 1000% in many cases.
We are very interested in CMC Metals as it has been largely overlooked by the investment community, and major upside still remains.
Early this year the company started a restructuring process, positioning itself for future success. Shares were rolled back 7 for 1 in February, followed by a $1,550,000 private placement at 0.10/share in June. 30% of the financing was subscribed for by insiders, revealing their confidence in the direction which the company is headed.
Following the financing, management was quick to move forward with rehabilitation of both mines, while also working diligently on putting their 100% owned Bishop Mill (close to the Radcliff mine) into operation.
Over the past few years, CMC has been able to realize approximately $1 million in revenue by processing stockpiled ore from past operations. Fast forward to today, with the recent restructuring, financing and progress on both mines, as well as Bishop Mill, we foresee a rare opportunity for investors to ride the wave of success as CMC moves toward realizing positive cash flow from all operations.
The Radcliff Mine currently features a total resource of 300,000 oz Gold at an average grade of 3 g/t (an attractive grade for open pit). Approximately 84,000 oz of gold (valued at $101 million USD @ $1,200 Gold) are located in high grade “gold pods” within this deposit, averaging 22 g/t! The immediate plan is to extract high grade ore from the first gold pod, which contains about 24,000 ounces of gold in 22,000 tons of rock. This is anticipated to take 1.5 years to complete, generating nearly $30,000,000 in revenue at $1,200/oz gold. The other gold pods are nearby (100-150m from pod #1), and will be mined out following completion of Pod #1.
Additionally, CMC is actively in the process of restarting their 100% owned Bishop Mill. Once operational, the company plans to generate further revenue via toll processing ore from surrounding local mining operations.
Our own paper napkin estimates show that Radcliff, together with Bishop Mill, can potentially generatie $16 million USD/year to CMC for the next 4 years.
Outlook for Gold
The case for a bullish outlook on gold is stronger than it’s been in decades. Not a week goes by without a giant hedge fund manager warning about dangers in the global economy. Warren Buffet has more money outside the markets than ever before in his five decades at the helm of Berkshire Hathaway. Geopolitical tensions around the world are increasing.
Not since 1999 and not since 1929 before that, have so many billionaires, central bankers, financial elites and fund managers, warned that we are on the verge of a catastrophic bust.
Joe Baratta, Blackstone Group LP’s top private equity deal maker, admits at a WSJ conference this week, “You have historically high multiples of cash flows, low yields. I’ve never seen it in my career. It’s the most treacherous moment.”
Any one of dozens of geopolitical or financial triggers can set off a massive run on physical gold, causing a historic rise in its price. It is certainly within the realm of possibility, even probability, to see gold trade above $2,000/ounce within 12 months.
Our financial estimates for CMC Metals’ Radcliff project use $1,200/ounce gold as a basis for calculations. When the price of gold starts running, we anticipate shares of CMC Metals are going to make a parabolic run.
Technical Analysis
CMC Metals is still a relatively unknown junior mining company. However the chart shows a very bullish pattern, as volume average has increased while keeping the share price bouyed and rising. Once the mid-teen pricing has been cleaned up by new investors, we anticipate shares in CMB will make a strong move upwards as mining operations begin and cash flow commences.
We encourage all potential investors to further their research through the company’s website.
Another 106k Shares Insider Buying
Jack Bal and Michael Scholz bot 56,000 and 50,000 shares respectively in the past 2 days.
Ole Jacky doesn't have the best rep on this board, it appears, however from what I'm hearing it's Mr. Scholz that is running the show... he is the one who owns approx 20% of the shares in the company.
I think Scholz is taking the reigns here and will get things done this year. Hence the change of pace in the market... it's definitely a lot more chipper since Scholz has stepped up. Keep in mind, Michael was one of the founding directors of the $700 million Great Canadian Gaming Corp - he's a sharp guy, legal council, and an adept business man.
Follow the money...
Volume Average Increased Every Month
Volume average has increased every month since April 2016.
Since the consolidation, there has been an ongoing clean up of loose stock.
This month has seen another considerable jump in daily volume average, and the share price is holding steady in spite of the recent pullback in the price of gold.
Conversely, most junior mining and exploration companies that have had a significant run this year have pulled back considerably! CMC is weathering the sell-off storm and pushing higher...
This is an extremely bullish indicator. Once the mid-teen level is cleaned up, I think we're in for an epic run.
Hang in there.
The Intro page on this company is sorely outdated. I suggest all current and potential investors check out the following reports to get you up to speed on where the company is in terms of it's business plan.
http://www.juniorminingpro.com
http://www.rockstone-research.com/index.php/en/research-reports/46-CMC-Metals-Ltd.-Ready-to-Mine-Bonanza-Gold-Grades-in-California
In summary, in the past year the company has consolidated it's shares 7:1, followed by a $1.5 million financing at 0.10/share in which 30% was subscribed for by insiders (primarily Michael Scholz, who I see as the driving force behind this deal, not Jack Bal).
In the past year, CMC has rehabilitated their Radcliff Mine in California, and passed all safety and regulatory inspections. The site is staffed and ready to start mining high grade stockpiled ore.
We are looking at 300,000 oz of gold, of which 84,000 oz will be mined immediately ($101,000,000 USD gross value @ $1,200 gold). Ore will be shipped to the Company's 100% owned Bishop Mill for processing.
Insiders are actively buying in the open market. The stock chart is very bullish (on the TSX Venture Exchange:CMB, where it's more active). Mining operations are about to launch.
We have a tiger by the tail here, folks. CMC Metals is about to take off. I see a lot of frustrated investors who have been waiting years for the show to get on the road... unfortunately that's a part of the game. For us new investors, we've arrived at a perfect time.
Actively loading up for myself.
Has anyone heard anything official from MagicJack with regards to the patent lawsuit by NetTalk NTLK? NTLK stands to gain a tonne of cash once this goes through, not good news for CALL, great news for NTLK, which is trading at 0.08.
Anyone hear anything?
Can someone post Level 2 board? This is looking really good for a break out.
PSID 0.023 NOTHING SHAKING OUT! GOING TO SNAP BACK UPWARDS
PSID 0.0275 +57% CROSSED 50 DAY MOVING AVERAGE! BOOM.
PSID 0.0225 +28% HOD VOLUME KEEPS COMING
PSID 0.02 +25% >AVG VOL INCOMING, TAKING OFF!!