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Same thing happened last quarter because they can’t get a damn report out on time. When they file they will start trading again. If it weren’t for the poor capital structure, which I warned Robert about, we would have been bought out. But, way too many shares outstanding. Back when geodan was still invested here we had 50 mil in shares out. Then the company sold a crapload of shares way too cheap and screwed us all. Again, best product that has come out in years but don’t know a thing about capital structure.
I see we are back to no bids again. Had my buy cancelled by Schwab yesterday. Best product in the world and yet…….
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He’s still at it. Must really need his Starbucks coffee.
Somebody sure dropped the ball. Geodan still post here and/own stock yet? Would like to hear his thoughts now.
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You would hope so. Not sure what the issue is. TCOR stopped reporting numbers so they were put on list. They are doing great as I suspect bwmg is. Have we stopped reporting?
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I had an order in for quite some time that filled. I put another in yesterday and saw it was cancelled this morning. Thought I used day limit. So put in same order but made sure gtc. Rejected. Schwab won’t let me put in order because of that stupid SEC rule. I’ve got a couple others that I can’t add to because of that. TCOR is one. This is going to be a shitshow if we can’t buy. Thoughts?
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Anyone have any thoughts on the 500 shares every three minutes happening now, actually past couple hours, on MMY? Would love to know the significance.
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Insiders can’t buy if there is material news on the way. So maybe a sign there is news coming.
I've often told people about the great products but lackluster stock price/trading of bwmg. As an example of a company with literally nothing trading higher than us, take a look at mrdh. Nothing going on for years and still trading higher than here. Ridiculous. I am bidding here and have recently bought. Trying to bring average down can not see how we don't trade higher eventually. I wish seller would put out actual amount he is selling and what price he wants. Then we can bid from there. This dribbling of little amounts here and there doesn't give me any urgency. So I will just sit and low ball awhile.
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Z, in regard to the 10k trade that left the bid still at 10k, it simply went to a different MM. one that might not even of had a similar bid. To keep flow from selling institutions coming to them they will often take stock that they don't have a buyer for. They may see an opportunity to off load at ask if stock trades well. They figure they can hit the actual bid if they want. But continuity of flow is big to a MM.
As to the short, I doubt anyone is stupid enough to do it down here. I don't know anything about previous CEO but if he had restricted stock he could short against the box. I get a chuckle how companies do secondarys and say the stock is locked up for X months. First off, half the investors buying it at what is normally a nicely reduced price, will either sell stock they have or short stock,thus covering with offering stock. So let that be another instance where the street always gets around the flaccid SEC rules. Rules for thee, not for me.
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Watch, 30 days from now a miraculous fix will make flows exactly what we hoped for. Just more false flag bs.
New investor, Sheffield, is big news. Gives some credibility to Falcon plus took some stock off the street. Added some money to coffers as well.
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BWMG bull, good points. Strength when market is weak is very bullish. Volume strong is great also. Volume precedes price. Boatshow to boot? Nice.
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That was one nice sweep of the street. Get the loose shares into strong hands, rest, firm bids up and repeat. I don't like the capital structure with so many shares out, but the fact remains almost all are held firm by one big shareholder. The float is considerably smaller and as news comes out about new revenue streams and breaking into new places like resorts, harbors, etc. things will get very interesting. That first sale to some Caribbean resort will be the start, imo. Pretty soon every resort throughout the world will be stocking our dive machines. We are getting close. Can you imagine how fun and lucrative a sales job selling Blu to resorts would be? If only I was 30 years younger. Going from one resort/vacation hotspot to the next. I'd want half my pay in company stock. Oh, to dream.
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Nobody talking about 500,000 share bid yesterday? Thought that was nice to see. Someone stepping up to the plate and taking out some short sighted sellers. Kudos.
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Thanks, timez
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Geo, is this Guistra related to Frank? I'm Leary of anything Frank is in because of his association with Clinton Crime Family. He was on the board at Gran Colombia when I first got involved and he was with one of the little companies that benefitted from GCM moving assets into them. IMO, very shady character. Much like Sprott, I try to avoid their deals. Look how Sprott screwed over GCM. I'll have to dig deeper. If Frank is involved it might be a reason why they are trading this low. Thanks for tip.
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Good dialogue going on over on Seeking Alpha in last article written on them.
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Geo, dipped my toe in the water today. Will be increasing position in a couple weeks. Thanks.
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Thanks for tip Geo. Will look into and start accumulating.
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Good news today. Starting to ship Nomad.
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Geo, you still in this stock? Any thoughts?
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Not sure what people think is happening here, but all the luck to them. I owned it years ago when it looked like they had a plan. Sold at a dime for a double, but for many years didn't trade and was at penny or less.
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Only investors. Gamblers rely on greater fool theory.
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Any revenues?
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Took me an hour to read all the posts on the European board. Very active board, good posters. Huge news today showing potential. Waiting to see if it backs up a couple pennies to add.
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More news today! Things looking good.
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Lot of trading for a company with no revs/products. Reddit boys?
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Talk about a strange market. After a decade or so, I have finally gotten out of MRDH at a small loss. Yesterday and today has seen buying at .09 on a company with no business for years. Last I looked it was .09-.16 and again, no business. Then we have us sitting at under .04 with quite possibly the most exciting product in diving. I guess it is these peculiar circumstances that lead us to making outsize gains in the market. I'll be adding to my BWMG position.
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Nothing been happening for longer than that. At least as far as shareholders know. May be something going on we don't know about. Good action today.
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Been invested here past year or so. Read stockhouse board too. Great potential if management gets their act together.
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Patience should get the job done.
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I use .82 time current bid/ask on Canadian side to find real US quote and go from there. Usually can get some at Canadian ask pretty easily. Sometimes need to wait. Sitting on bid usually takes time because they wait for last of Canadian bids to get hit then get to you. Of course, an American could sell you shares. Good luck.
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It was an email to me. He's had some nice picks in past.
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Big trade on warrants. 200,000 in one block. Interesting.
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Free Whisper - May 6th 2021
DENARIUS SILVER BUYS THE PERFECT ASSET
THAT JUST NEEDS A LITTLE FIX
(and they have The Fixer)
Investors might not be too happy with the gold price these days, but for Denarius Silver (DSLV-TSXv) Chairman and Interim CEO Serafino Iacono, they are just fine.
“You know something? I really do not mind gold at this price. This keeps everybody honest,” he says. “At least for my companies, my all-in—with the kitchen sink—sustainable cost, it's $1,000 an ounce.”
Iacono is really talking about his flagship company, Gran Colombia Gold (GCM-TSX/TPRRF-OTC), which is producing 200,000 oz of gold a year in central Colombia from four different deposits.
Denarius Silver Executive Chairman Serafino Iacono
Over the last three years he has built up Gran Colombia, so it now has $90 million cash at the end of 2020, is generating over US$100 million a year in operating cash flow, and he’s paying down debt and paying a monthly dividend.
But that quote Iacono gave me? It defines him. He’s made his fortune looking at natural resource plays with opportunity in his eyes and using everyone else’s dissatisfaction with an asset to swoop in and buy it cheap and…well, do what he does. He fixes things. He is like a home renovator.
His biggest renovation job was Pacific Rubiales, a heavy oil play in Colombia that he took from 10,000 barrels of oil per day (bopd) to 300,000+ bopd in the 2000s.
“I've done a bunch of fixer uppers. I can tell you that with Pacific Rubiales, that growth we did was the same concession that everybody said that it couldn't be done because of the guerillas, because of security, because their API wouldn't flow, because, because, because…
“And when somebody tells me, "Because you cannot do it," that makes it all so interesting for me to try to do it.
“Same thing that we did with Choco 10 in Venezuela years ago. We took a mine that (the previous owner) could not develop. And a year and a half later, I put it in operation, and it was producing 200,000 ounces a year.
That concession, I bought it for $700,000 after they had spent $50 million on it. Why? They had illegal miners invading the property. They didn't know how to deal with it.”
“I picked up our company NGX Energy, a gas play in Colombia for not much more than $3 million market cap and we funded it and now we already have one discovery and a $150 million market cap, and more discoveries are coming and we’re going to keep growing the company.
“That’s what we do.”
It is a good thing that is what he does, because Iacono has a big project in Denarius Silver that needs some fixing—the Lomero-Poyatos mine in southern Spain. But if he can do it, it is a company maker for this junior explorer.
Lomero-Poyatos (LP) is a former producer, and is a VERY high grade polymetallic deposit in a known mining area—in fact one of the best mines in Europe is only a few kilometers away. On the surface, LP should be a cash cow for years and years.
But a combination of lawsuits and the wrong companies owning the Spanish asset at the wrong time in the metals cycle has meant this asset is not in production now. As we all say in this business, the geology has not gone anywhere.
“We have an open-pit of 20 million tons of four grams of gold in the first 200 meters, then it goes underground in very wide veins systems. And when I'm talking about wide, 10 to 20 meters in veins systems, but you have four grams of gold, one ounce of silver, 1% copper, 2% zinc and lead.
“We are going to get to work in there, getting liquidity everybody, paying everybody, and just fixing it up. It just needs somebody to do the mechanics; somebody not afraid to do it.”
So, why did good companies did not want to do it?
“Because big companies look at a lot of interesting projects in Spain. People just say, "Look, I don't want to go through the problem of fixing the problem, where, like I say, this is what we do, Keith.”
There is lots to do. Iacono says operating a mine in Spain takes a lot of attention to detail, double and triple checking everything.
The Denarius team will do some confirmation drilling and expansion drilling and begin work on metallurgy. Iacono says the ore is not refractory (hard to separate out), but slightly different recovery processes will be needed for different parts of the poly-metallic asset.
Iacono says there is a lot of potential synergies with the nearby Matsa Mine, a US$1.1 billion polymetallic producer doing 5000 tons per day (tpd.) from three deposits. Matsa is a joint venture between global commodity trading giant Trafigura, and the government of Abu Dhabi’s company Mubadala.
Iacono would not tip his hand on details, just saying the synergies were obvious and large.
He has raised $40 million so far in Denarius’ young life—Iacono took over a shell called ESV Resources and renamed it in February and just a few days ago closed a $33.75 million raise at 45 cents. Gran Colombia contributed $10 million to the raise. Iacono and GCM have created several “baby-GCMs” like Denarius (see Aris/Caldas and Gold-X)
The “silver” part of the name comes from their Guia Antigua project in Colombia, which is really an extension of GCM’s nearby high-grade Segovia projects—except a much larger silver grade than GCM. He sees a near term producer here generating cash flow.
“We're going to start a drilling program, $3-million drilling program to start developing the first three levels that exist in the mine, put some reserves and we're going to go into early mining because we can take the material to our plant in Segovia, where the material can be processed over there, and we can generate cash flow.”
Guia Antigua, it sits 500 meters away from where we are exploring a brownfield area in our operation in Segovia, right next to a former mine called Vera, where we just hit six drill holes with two ounces of gold and half a kilo of silver per ton. This is the same thing in that concession, but it's owned by Denarius and we're talking about an average of seven to eight grams of gold with 300 grams of silver per ton.
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But Iacono is in complete control of his destiny at Guia Antigua. It’s not the challenge, it’s not what can use his talents to the fullest. That is for The Big Prize—Lomero Poyatos. All the pieces are there—it just needs someone like Iacono to roll up their sleeves and do the fixin’.
DISCLOSURE--I AM LONG DENARIUS SILVER
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bman, when did you join the tprff family? Welcome aboard. Much like BWMG, tons of potential here.
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Apparently big short position out there. Not sure why. Are they expecting a lot of sells after gldx deal is done? They will be issuing 46 mil more shares which screws up the buyback. But, why sell then, if you waited this long. Sure would be nice if they just settled on mining gold and screwing the shorts. But, always making deals that we don't get credit for in the market. Gotta get our day in the sun sometime.
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Bought yesterday and trying to buy more today. Stock buyback and dividend are going to be recognized by market eventually.
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Next step is getting them in the thousands of resorts worldwide. Then, after people see the ease of use they may buy one for use at lakes or rivers around home. Also the harbors for boat maintenance underwater.
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