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How do we make a trade? What price is the trade calculated? Thanks
DO I post all 3 pics right here?
NXS.V OK?
Also for canadian stocks Do you want the US Eq symbol?
If we've already picked, Can we change before 6pm tomorrow?
nsomniyak, headed out for awhile. Not a paying subscriber but if you leave a PM contact, Ill get back with you later
Nsomniyak Glad your paying attention to the hints. Things are really starting to line up. Going to highlight here for lack of time. Since you know me, you'll get where Im going and we can fill in holes later if you need.
First Graphite is soon going to be in play with the battery mega factories coming on line soon. These companies should need offtake agreements soon. That starts happening and graphites going to get some play.
Fact “natural graphite in a lithium-ion battery actually increases the energy density of the cell, making the battery much better. Better meaning natural will be stronger, cleaner for less cost than the current synthetic. Im a former fuel systems designer with some fuel cell systems exp as well, plus well connected to battery system mega experts. I believe this demand will be dwarfed by the coming green energy movement that all needs to store energy in Lithium Ion batteries that are all about 70%+ graphite. Density rich lower cost, cleaner graphite solutions will be welcomed.
Most all the current list of top 10 graphite company/projects are not going to make it to production. Reason High CAPEX/OPEX plus their not permitted. The market is starting to realize this. DNIs key advantage is they have Saprolitic dirt, are fully permitted for production plus they have Dan Weir and John Carter (You'll find out what that means later).
IMO Dan stuck to his guns for 12 mths trying to get a better move forward deal. Shareholders should be glad he held out and didn't give away the farm. To sum up recent PR's, DNI is officially out of the gate with these deals if they can get them signed. Many catalysts should happen fast. IMO DNI is in a great position and risk is very low if they sign the deals. With the 49% earn in from the drilling company, they can than focus on the lab and get that closed as well. In 6 mths time, DNI will have a full NI43-101 compliant resource and PEA, basically shovel ready, again the Saprolite advantage. This will prove them to be have one of the highest grade, best quality, lowest cost, fully permitted graphite projects outside of China. They will be shovel ready. Once they get there, DNI will move to the top of that top 10 coming graphite producer list, get market coverage and the market map will follow.
I see both the Cougar and Alberta deals, being huge steps forward, towards uncapping the company value. The Cougar deal, as win win either way it ends after the drilling, and the Alberta cash as a way to secure the lab with better terms. The lab catalysts are a whole nother post. I dont see any equity deal happening unless its good for the share holders as insiders are aligned. This is all in terms relative to the company's micro market cap. If I was you, I would chip away at the few shares available now, drill into the companies potential, call Dan if you need and thank me later. Ive built a large position from .03 - .04 offerings. Not much risk there.
All in my honest opinion
Checkmate28
News: DNI Metals Inc signs LOI to vend it’s Alberta Project for $1 million in cash and securities. December 23, 2016
Toronto, Ontario - (Newsfile Corp. – December 22, 2016) DNI Metals Inc. (DNI : CSE) ("DNI" or the "Company")
DNI completes a Letter Of Intent “LOI”, with BullRun Capital, whereas BullRun plans to purchase DNI’s, Alberta Mining project known as the SBH or Buckton project.
BullRun Capital plans to complete an IPO or RTO into a public company “Pubco” with DNI’s SBH project and other projects.
Terms of the Deal
1. $150,000 cash paid to DNI, upon signing of Definitive Agreement “DA”
2. $250,000 cash paid to DNI, between 90 and 120 days after signing the “DA”.
3.Bullrun will complete the Sale to PubCo on or before March 31, 2017. In consideration for the Acquisition, at closing, PubCo shall issue to DNI $600,000.00 of units of PubCo consisting of shares and a wts.
4. Regardless of the presence of any escrow restrictions imposed by the Exchange or under applicable securities laws, DNI and PubCo shall enter into a voluntary pooling agreement, pursuant to which the Units will be pooled and released in accordance with the following schedule:
a. 1/3 of Units shall be released to DNI on closing of the Acquisition (“First Release”);
b. 1/3 of Units shall be released six months after the First Release; and
c. 1/3 of Units shall be released twelve months after the First Release.
DNI as the right to a nominate one person to the board of the new Pubco.
Pubco must be listed on a Canadian recognized/regulated exchange.
Non-Binding until Definitive agreement is completed on or before January 15, 2017
The agreements are subject board and regulatory approvals.
Details about BullRun can be found on their website at www.bullruncapital.ca
DNI – Canadian Securities Exchange
DG7N – Frankfurt
DMNKF - OTC
Issued: 39,724,204
USA.to I think its the Cash flow projections on the presentation and I would rather buy this with the huge Zinc credit as a way to sneak in on some zinc value, as opposed to buying an all Zinc play thats not as sexy Opps! and susceptible to lower prices down the road.
Matt GWA.V GWSAF Sure you saw the news.
Gowest Gold Provides an Update on Financing
TORONTO, ONTARIO--(Marketwired - Dec. 9, 2016) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) is pleased to provide an update that the Company and Pandion Mine Finance, LP ("Pandion") have agreed to extend the closing of the previously announced US$17.6 million financing (see Gowest press release dated October 31, 2016) for Advanced Exploration work at its 100% owned Bradshaw Gold Deposit ("Bradshaw"), part of its North Timmins Gold Project ("NTGP"). It is anticipated that definitive documentation relating to the financing will be signed on or about December 16, 2016 and further details concerning the financing will be provided at that time.
Gowest wouldn't give us an update and than be embarrassed with a let down unless they thought it was in the bag. The update is esp positive for me. I do however wonder if Pandion is playing it safe and waiting to see what the Feds do next week in case they do something stupid like drop gold down to $1000
Had a conversation this morning and my sentiment reader was very positive. Other than pushing forward, ground and infrastructure prep, they have been holding back news or anything else requiring money until they ink this deal. I expect some good news flow as soon as the ink dries. I bought over half todays volume and still bidding. The news should bring some fresh eyes and cause some calculators to start crunching numbers. Im expecting a good financing deal to bring us to the low .20s and additional news flow to carry it further.
Checkmate28
GORO Dont know if anyone caught this, Gold Resource Corporation Declares Year-End Special Dividend
I call this 50% bump in 2016 divy commendable, esp since they have floated buying 2 new properties and spending CAPEX on 4 projects all from cash flow. States their commitment to stick with paying divys as a priority. Just waiting to see the first fruits from any of these projects.
Marketwired MarketwiredNovember 28, 2016Comment
COLORADO SPRINGS, CO--(Marketwired - Nov 28, 2016) - Gold Resource Corporation ( NYSE MKT : GORO ) (the "Company") announced today that its Board of Directors declared a special year-end dividend of one cent ($0.01) per common share payable on December 23, 2016 to shareholders of record as of December 12, 2016. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.
This year-end special dividend is separate from and in addition to the Company's "instituted" dividend which is set at $0.02 per common share per year and distributed on a monthly basis. The Board of Directors approved the year-end special dividend due to the solid financial performance of the Company during the 2016 calendar year. The instituted monthly dividend remains unchanged.
"I am very pleased that the Board of Directors continues to reward shareholders of Gold Resource Corporation with dividends, including this year-end special distribution which is equivalent to fifty percent of our instituted 2016 annual dividend," stated Mr. Jason Reid, CEO and President of Gold Resource Corporation. "We remain optimistic that the return of the precious metal bull market in 2016 will continue into 2017 and look forward to potential future dividends, both instituted and special. Earnings are opinion while cash is fact and we hope all our shareholders appreciate additional cash in their bank accounts as we close out the 2016 year."
The Company has returned over $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical .999 fine gold and silver and take delivery. For more information on Gold Resource Corporation's physical dividend program, visit the Company website at http://goldresourcecorp.com/gold-silver-dividends.php.
Dividends may vary in amount and consistency or be discontinued at the Board of Directors' discretion depending on variables including but not limited to operational cash flows, Company development requirements and strategies, construction, spot gold and silver prices, taxation, general market conditions and other factors described in the Cautionary Statements below and the Company's public filings with the U.S. Securities and Exchange Commission.
GWA.V You called it. Gold could have broke any direction though. With no buying pressure, it just takes a couple tax loss sellers to make the big diversion. Kicking myself because the last 2 years I timed the tax loss selling very well by raising cash earlier. This year I was smooshed into thinking gold was going up and was chipping at the bid for bargains instead.
Ill ride with my original post. Anything at or below .15 for GWA is a bargain.
Trader Gowest Not sure what Im going to do but Ill probably keep most of it. Things to consider as I just went over a bunch on info
New Nov presentation has pics of the progress, road work and site work at the portal.
Harte Gold, their neighbor just northeast, has a similar project in size, grade, economics and are toll milling just like Gowest. Harte Gold has no reserves and no pre feasibility study unlike Gowest which has both.
Harte Gold still has over double the market cap of Gowest so still a large gap to fill on that comparison.
Harte Gold got started on their portal Nov 2015 and delivered ore to Barrick April 15th 2016 just 6 mths later. They were scheduled to receive revenue in May.
HRT stock is trading at or near the same level since March when they pulled first ore, where as most everybody else is 30 - 50% down from the July August yearly highs. Put another way, all the other minors that are progressing their business and making money are suffering the 30 - 50% drop in market cap, whereas Harte stock has stayed strong, by not losing any ground. I think that is because they are creating value fast as they knock off the accomplishments and derisk.
Gowest stock could jump on the financing and drop, but they have a lot of progress happening fast once their funded. Due to the nature of their tolling arrangement, they should be shipping ore this coming June if their on the Harte schedule. Thats provided they are funded on or near December 09 like stated. Typically after funding, were waiting 2 years for the average company to build a mill and start production. My sentiment reader from my DD, says Pandions DD went well and Gowest should see the funding before the Holidays start.
Catalysts for thought.
The biggy! Funding and the cost.
Tax loss selling Depends on the Price of shares Dec
Blasting the portal and pulling first ore. Think they'll get some attention here
Redstone Milling agreement
Ore sorting sucess? Should be a bonus here
Drilling, they will unleash the drills on the Sheridan, Roussain and Dowe gold zones when they are funded from Pandion. Currently their saving $ and managing risk with only 4 employees.
All of the above should be events to happen over the next 6 months which IMO will keep things interesting.
Outside of these operational events
could be,
Progress on the Whitney property that Tahoe needs positively at some point. This Gowest property is 1 km from the The Hallnor Gold Mine which was among the richest in the Timmins camp, with grading of 0.41 ounces per ton, producing 1.7 million ounces of gold from an area within under 65 hectares. Gowest has 143 hectors there and it literally sits smack in the middle of the Tahoes Whitney project that was just given the green light to move forward. Should be worth $10 to $25M as is to Tahoe. That'd be a game changer for Gowest.
Also, I noticed on page 6 of the presentation, these words under Project location ... No Regional Autoclave - pressure oxidation (POX) to process refractory gold concentrate Thats a big Hummm!
Gowest is Obviously alluding to the Autoclave they picked up and own from the Conn Mine. Must be getting some progress on getting that into commission and possibly news coming. Could also brew into an agreement with another partner to roast the Gowest ore with the Autoclave.
Now if Gowest can get a check for $17 Million on or about Dec 9, we should get a nice bump in the share price and news flow should be on the brisk side.
http://www.gowestgold.com/wp/wp-content/uploads/2016/04/Corporate-Presentation.pdf
http://www.gowestgold.com/wp/wp-content/uploads/2016/04/Fact-Sheet.pdf
GWA.v GWSAF Gowest Gold Alert GWA at .155 or better now is a no brainer.
Northern Dynasty NAK Up 100% since the election. Anyone lucky enough to own it?
With the mediation news on Pebble Creek end of Oct, we should have known a Trump victory would unleash it.
With the largest Copper Gold project in the world held up from the EPA, Trumps assumed unleashing sent it soaring. You can bank on that getting freed up.
Sitting out but wish I was tuned in more
USA.TO/USAPF Dr Air You Mentioned
Also - page 154 below shows annual zinc production of about 40M pounds so not sure where USA is getting 50M from. Maybe a pump as they know the zinc bull is on
That answers going to be, that higher Zinc prices than are in the feasibility plus recent mine optimization, are going to allow for a higher cut off grade, thereby, allowing for more economic tons of zinc. Also they should be updating the study yet this year.
USA USAPF Silver Earnings out Impressive Situation brewing.
Key takes.
On $17 M in revenue, and 1.2M oz AgEq, they produced $1 Million in earnings and $2.2 in Cash Flow
About 5 Million yearly AgEq rate of production for a 120 Million Market Cap
On its own that sounds pretty good, but the kicker for the future value, is going to be the San Rafael Development Project. Im including a cut and paste from todays news that is clear as day.
The Project is tracking well against the development schedule and budget, and is fully permitted to commence production. The Company expects to begin stockpiling ore at the mill at the end of Q2, 2017 with commercial production in Q3, 2017.
As previously disclosed, the Project is expected to deliver average annual production of 1.0 million ounces of silver, 50 million pounds of zinc, and 20 million pounds of lead over a 6-year initial mine life at negative AISC based on current reserves. The Project is a brownfield development that will utilize certain existing infrastructure at the Cosalá Operations and is expected to have an initial capital cost of approximately $20 million.
On-going optimization since announcement of a prefeasibility study on the Project on March 30, 2016 (the "Prefeasibility Study") is expected to enhance the Project's economics by reducing both initial capital expenditures and future operating costs through: deferring the mill expansion and maximizing the existing mill capacity; reconditioning existing mobile equipment from Nuestra Señora rather than purchasing new equipment; relocation of the mine shop to surface; and applying productivity improvements to development which were not included in the Prefeasibility Study but have since been demonstrated at the Nuestra Señora mine. In addition, since publishing of the Prefeasibility Study in H1-2016, metal prices have increased significantly. Current prices may allow the Project to extend its mine life by lowering the cut-off grade and converting additional resources to economical ore3.
### If there are 1 million more ounces of Silver at an AISC thats negative than we have 1,000,000 x $18/oz Ag or $18M more dollars falling to the bottom line base case.
Add to that new efficiencies from the initial San Rafael pre feasibility that should be updated this year and we'll see increasing production numbers and CF over the current Pre Feas.
My quess is USA Cash flow could be in the neighborhood of $30 million if metal pricing (especially Zinc) stay the same.
In my book, with a current MC of $120M, over $26M cash and $6M debt, you get an EV of only $100 Million for a future value based on $30 M CF. Thats leverage with a capital L and has to be worth another 300% to the current share price of .28 if they pull this off and metals stay the same.
Top notch management, a share roll back, impressive FX currency situation and a nearly approved NYSE listing all add positively to the Impressive Situation. We got us a winner
Not sure whats holding the share price back, but possibly the companies previous reputation for high costs and their current attitude to not promote. The reality is, USA doesnt need money from the banks, so possibly their internal motto is ( lets not worry about the share price, we have work to do, and the share price will be there when the time is right.
Opinions and additions appreciated!
Checkmate28
JMHO
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1883-tsx/usa/26637-americas-silver-corporation-reports-q3-2016-financial-results.html
Traderfan. LOL I came here to post the same thing. GORO getting roasted. Thats OK Im in for the medium term at least. As to GORO, anyone invested or thinking should go to the website, and listen to the conference call with questions replay. Note the 4 new sources of revenue on the way, and the sources for the CAPEX for the new properties/development work. Note that Arista carried GORO to $31 per share a few years ago and paid .72/ share yearly divy to lead/nearly lead the sector in yield over a couple year period.
Anyone with a good write up, on whats driving Gold, from a reputable source, please share that and your opinions. My favorite source, Avi Gilbert did recently print,
Gowest Closes Private Placement de risking even more.
I see this as great news and small Equity financing at .20 is good with me. $2.5 Million less dollars needed to get under ground, making it easier to get creative with the other partners for the remaining balance of about $15M. Also allows the work to continue and substantiates the integrity and value of the project. Also 95k came from the insiders
2016-11-10T13:07:59+00:00
TORONTO, ONTARIO--(Marketwired - Nov. 10, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Gowest Gold Ltd. ("Gowest" or the "Corporation") (TSX VENTURE:GWA) announced today that it has closed a non-brokered private placement of 12,225,000 "flow-through" common shares of the Corporation and 325,000 non-"flow-through" common shares of the Corporation (collectively, the "Shares"), at a price of $0.20 per Share, for aggregate gross proceeds of $2,510,000 (the "Offering").
The proceeds derived from the sale of the Shares will be used to advance the property surface development work prior to the beginning of the previously announced (See Gowest press release October 31, 2016) underground development for the bulk sample on Gowest's 100% owned Bradshaw Gold Deposit and exploration work on the Company's North Timmins Gold Project.
HL Hecla at the 52Wk High Impressive quarter and a great company to hold as a core position.
THIRD QUARTER HIGHLIGHTS AND SIGNIFICANT ITEMS (compared to Q3 2015)
http://web.tmxmoney.com/article.php?newsid=5627521735255367&qm_symbol=HL:US
Net income applicable to common shareholders of $25.7 million, or $0.07 per share.
Sales of $179.4 million, up 71%, a record.
Adjusted EBITDA of $75.2 million, up 323%.1
Cash provided by operating activities of $87.0 million, up 225%. Includes $16 million of insurance proceeds for the Troy Mine reclamation.
Free cash flow of $27.7 million, up $38 million.2
Total silver production of 4.3 million ounces, up 67%.
Gold production of 52,126 ounces, up 19%.
Silver equivalent production of 10.3 million ounces, up 17%.3
Last 12 months net loss of $13.7 million and adjusted EBITDA of $234 million.1
Net debt/adjusted EBITDA (last 12 months) of 1.4x, a 49% decline.1,4
Cash and cash equivalents and short-term investments of $192.4 million at September 30, 2016, up $33 million over the second quarter.
Completed the acquisition of the Montanore project, located near the Rock Creek project.
Reduced estimate for 2016 cash cost, after by-product credits, per silver ounce to $4.00 and increased estimate for 2016 cash cost, after by-product credits, per gold ounce to $750.5
"Hecla's quarterly production growth, record sales, cash provided by operating activities of $87 million and free cash flow of $28 million reflect how our commitment to invest when prices were lower allows us to now reap the benefits of having more production at higher prices," said Phillips S. Baker, Jr., Hecla's President and CEO. "This quarter was just another step towards establishing new 125-year records in 2016. Our free cash flow and strengthening balance sheet allow us to immediately invest in more innovation, exploration and high-return projects. And with the acquisition of our second large undeveloped silver project, Montanore, we expect to generate additional value in the future."
Orvana Minerals From a Stockhouse Poster Ganndolph
http://www.stockhouse.com/companies/bullboard/t.orv/orvana-minerals-corp?postid=25409681
One of the great joys of investing is finding a stock that is so mispriced by the market that no one wants to buy it. Orvana Minerals (ORVMF) or ORV.TO is one of these stocks where the market pricing on the stock is absurd. How do I know that the stock is mispriced. Well have a look at the following graphic (see link for chart) which shows the 45 cheapest gold and silver producers ranked on market cap per ounce of quarterly gold production. As of last Friday, Orvana was the fourth cheapest gold producer and closed the week at a valuation of $962 USD per ounce of quarterly gold production. That compares against an average valuation of $6566 USD in market cap per ounce of gold equivalent production for the bottom 45 junior producers. So ORV is undervalued by at least a factor of 5.
I've been adding at these prices to an already nice position.
One of the lowest market cap per current oz production.
Increasing production, lowering costs
Gearing up for about 130k oz/yr AuEq
When their done revamping their operations, AISC will be way down. For now, its a drain on the CF as they increase production.
Market Cap about $35M Now thats leverage!
I have some strong DD back somewhere on this one.
Checkmate28
LC, Precisely! That perception/sentiment of USA being one of the high cost leaders, therefore causing overhead pressure on the shares, allows us the opportunity to take advantage of a higher future value when the market sees the correction in their costs.
To be right, we may have to sit tight threw a couple quarters while they prove, they can get to sector leading low costs, but the risk will be low as it bleeds up slowly and then takes off.
KLG.T Impressed with the current quarter numbers, guidance and valuation per risk
. Kirkland Lake Gold Reports Record Earnings of $0.21 Per Share, Free Cash Flow Generation of $30.2 Million in the Third Quarter of 2016 and Improved Full Year Guidance
2016-11-03T10:28:13+00:00
TORONTO, ONTARIO--(Marketwired - Nov. 3, 2016) -
Q3 and YTD 2016 Highlights (For the three and nine months ended September 30, 2016)
Realized net income of $24.8 million ($51.0 million YTD) or $0.21 per share ($0.46 per share YTD)
Adjusted net earnings1of $27.9 million or $0.24 per share in Q3/16 and $58.2 or $0.52 per share YTD
Generated $131.6 million in revenue during the quarter ($359.5 million YTD)
Generated free cash flow1of $30.2 million during the quarter; and C$87.5 million YTD
Operating costs per ounce of gold sold1during the quarter of US$540/oz and US$591/oz YTD
Q3/16 production expenses of $75.8 million (YTD $235.2 million) which include operating costs, depreciation and depletion, royalties and share based payment expenses
All-in sustaining costs per ounce of gold sold ("AISC")1of US$970/oz ($1,266/oz) during the quarter; and US$940/oz YTD ($1,243/oz)
Closed a C$15.0 million flow-through financing and released C$10 million from restricted cash
The Company had cash and cash equivalents as at September 30, 2016 of $211.5 million
Q3/16 gold sales of 76,339 ounces at an average realized price of US$1,321/oz1($1,724/oz); YTD gold sales of 217,792 ounces at an average realized price of US$1,249/oz ($1,651/oz)
Gold production of 77,274 ounces in Q3/16; and 207,886 ounces YTD
The Company expects to exceed 280,000 ounces of production in 2016 with operating costs and AISC at or below guidance of US$800/oz and US$1,000/oz, respectively
Announced proposed business combination with Newmarket Gold Inc., to create a new low-cost mid-tier gold producer with combined anticipated annual production of +500,000 ounces; cash costs below US$650/oz and AISC below US$1,015/oz
GOLD 1299.70
Further to GWA. CUT AND PASTE FROM THE PR... It is anticipated the transaction will close on or about December 9, 2016. The financing is subject to the remaining legal due diligence and the final negotiation and execution of a Prepaid Forward Gold Purchase Agreement and related security documentation. On completion of the agreement, funds are expected to be received in a number of tranches with a total term of seventy-two (72) months subject to certain funding conditions and milestones. Greg Romain, Gowest's President and CEO commented, "We are extremely pleased to have reached this major milestone with Pandion in our dedicated plan to turn Bradshaw into the next new gold mine in the Timmins camp. In advance of closing the transaction, the Company is undertaking all of the necessary steps to be in a position to begin site and underground development once the funds are received. We will provide a timeline once funding is received." Joseph Archibald, Founding Partner of Pandion, commented, "We are delighted to be working with the Gowest team in providing the financing for their Bradshaw Gold Project and look forward to funding their planned development work. This funding highlights Pandion's philosophy of taking a solution-oriented, partnership approach in building long term relationships with mining companies
http://web.tmxmoney.com/article.php?newsid=8035742412413661&qm_symbol=GWA
For additional DD Another good high grade, Low CAPEX Timmins area Toll milling Project Harte Gold timeline should give us some idea of what to expect. Their first blast was Oct 31 2015 and the stock rocketed in March 16 when they pressed released first ore being close. Currently they trade at about 2 times the market cap of GWA. Ill take GWA at .35 with upside, 6 - 8 mths from now, all day long. For me, some other stock is going to do better, but GWA is one of the ones I know well enough to call a no brainer. Gees what a long ride it was waiting for those permits! LOL Also noticed both companies CEO last name spelling is only one character different. One thing to note is Gowests official resource is triple Harte golds plus Harte proceeded with no Reserves which is probably the reason they are financing with equity including a full low priced warrant. Gowest will finance with a gold pay back loan that is loaded towards the end of the 7 year term so as to help Gowest get firmly planted in getting things worked out and paid for. Just thinking that around PDAC, Gowest will be one of the better stories there.
http://web.tmxmoney.com/news.php?qm_symbol=HRT
Harte gold Blasting Portal in Nov 2016 Found these educational
https://vimeo.com/145201241
https://vimeo.com/147050813 Nov 2015
https://vimeo.com/182280362 Nov 2016
Trader GWA I promise there working at least to Glacial speed. Im with you though, Pandion Financing took that much time to do the DD, Im sure there going to take a number of weeks to process it all at their office. Having said that, both parties want it done and Gowest has their Sh t together. With a pre Feas AISC under $900 AT $1200 gold and a CAPEX of only $17M, shouldn't we think the risk is low and, therefore, the deal should get done fairly, and as quick as possible? Insiders have a strong position in the shares, thats where they'll make their money. There on our side.
When I talk with CEO Greg R, hes always upbeat recently. Thrust me I can read his mood pretty good. The DD process went very well. Gowest has always had a strong technical team and they often get compliments from the other technical groups they work with, for the quality of work they've done in house.
As to the winter & frost, In August, they were real worried that if they dont get underground before freezing temps, they were paying a lot of extra costs and might have to be delayed getting underground till spring. Since then, outside Engineering has let them know that the weather wont be much a concern. Once they get portal open, they are out of the elements and can move forward efficiently. They can do all of this in the winter if needed.
IMO, Could be a slow drag for a bit but their has to be a sustained pop on the way
Checkmate28
GWA.V GOWEST GOLD PROVIDES FINANCING UPDATE FOR
BRADSHAW ADVANCED EXPLORATION
TORONTO, ONTARIO – (Marketwire – October 31, 2016): Gowest Gold Ltd. ("Gowest" or the "Company") (TSX-VENTURE: GWA) is pleased to announce that Pandion Mine Finance, LP (“Pandion”) has substantially completed the technical due diligence confirming its intention towards completing the Company’s previously announced US$17.6 million financing (see Gowest press releases dated June 16 and August 4, 2016) for Advanced Exploration work at its 100% owned Bradshaw Gold Deposit (”Bradshaw”), part of its North Timmins Gold Project (“NTGP”) subject to completing a definitive agreement (“Agreement”). It is anticipated the transaction will close on or about December 9, 2016.
The financing is subject to the remaining legal due diligence and the final negotiation and execution of a Prepaid Forward Gold Purchase Agreement and related security documentation. On completion of the agreement, funds are expected to be received in a number of tranches with a total term of seventy-two (72) months subject to certain funding conditions and milestones.
Greg Romain, Gowest’s President and CEO commented, “We are extremely pleased to have reached this major milestone with Pandion in our dedicated plan to turn Bradshaw into the next new gold mine in the Timmins camp. In advance of closing the transaction, the Company is undertaking all of the necessary steps to be in a position to begin site and underground development once the funds are received. We will provide a timeline once funding is received.”
Joseph Archibald, Founding Partner of Pandion, commented, "We are delighted to be working with the Gowest team in providing the financing for their Bradshaw Gold Project and look forward to funding their planned development work. This funding highlights Pandion's philosophy of taking a solution-oriented, partnership approach in building long term relationships with mining companies."
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Kevin Montgomery, P.Geo., Gowest’s Manager of Exploration, who is the Qualified Person for the technical information in this news release under National Instrument 43-101 standards.
About Pandion Mine Finance, LP
Pandion is a mining-focused investment firm backed by MKS PAMP Group and Ospraie Management, LLC that provides flexible financing solutions to developing mining companies.?
About Gowest
Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw), on the Frankfield Property, part of the Corporation’s North Timmins Gold Project (NTGP). Gowest is exploring additional gold targets on its +100-square-kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp. Currently, Bradshaw contains a National Instrument 43-101 Indicated Resource estimated at 2.1 million tonnes (“t”) grading 6.19 g/t Au containing 422 thousand oz Au and an Inferred Resource of 3.6 million t grading 6.47 g/t Au containing 755 thousand oz Au. Further, based on the Pre-Feasibility Study produced by Stantec Mining and announced on June 9, 2015, Bradshaw contains Probable Mineral Reserves, using a 3 g/t Au cut-off and utilizing a gold price of US$1,200 / oz, totalling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au.
Re USA I think they just want the cash and to be in a position to have options or be secure in case the market turns. The only other CAPEX I can think of is the $ they are spending on cost savings. As to acquisitions, had I thought of that, I would have asked. Logically speaking, since mgt is experienced ex Barrick, they acquired Scorpio and turned into a multi mine company, thats options probably on the table. Also they have 2 other mines that shut down around 2013 due to low silver price, if silver bumps high enough, I imagine they could throw some minimal money at it and make something happen. I think things will clear up when they put out the financials mid Nov
bbotcs USA.T LOL IR was a little light with the info. I had more information available on my notes. As to financing the new project CAPEX,
Management is actively considering non-dilutive financing proposals for a portion of the development costs. They have other things they are working on as well that requires cash
I was looking for info that would lead me better to estimating cash flow since from what Im seeing, things are changing to fast. IR got info from the CFO that all they could say is there is pos CF. I think were going to see CF from here on out even if silver goes back down to $14
It was their belief that the share price is fluctuating due to the concerns or comfort of the price of silver being above or below the $17 range.
BBotcs no problem, was just trying to gather enough notes for a cheat sheet on my first company call and especially since I bought a nice starter. Going to look better at Avinio and Sabina. Might be a few weeks though.
BBOTCS USA.to AMERICAS Silver Starting to take it more serious.
2016 Guiding 2.5 - 3Moz silver 5.5 - 6MAgEq ???
Brought costs down this year at both Galena Idaho and
Cosala Mex 66% . This should put them in solid Cash flowing
territory starting this quarter.
Company wide Resource, 120M oz including 30M reserves is highest I know of for this size company MC. Large pipeline of explorations to sustain long term operations 40yrs, including 2 mines closed in 2013 due to metal pricing. Humm!
They have a $25M cash buffer and $9M debt
All projects 100% owned. No streams or royalties
San Raphael development project, $20M CAPEX and pre-tax IRR
of greater than 80% and is expected to see revenue in q3 2017.
Could be mostly paid for with cash flow IMO.
San Raphael mine starts stock piling in Q2 2017, In 2018 it
will produce at below zero AISC with Zinc and Lead credits,
and bring company wide AISC between $7 & $8. CEO said they should CF $35M in 2018 at Q3 2016 metals pricing.
This year they should produce 13M Lbs Zn (on Fire) and 26M Lbs
Lead. By 2018 guiding for 50MLbs Zn + 50M Zinc
USA has about 550M FDS when about 80 M options and
warrants get exercised. Im assuming they are getting
exercised now causing the overhead on the share price.
As to the RS, I ask myself, would I rather be invested in
550M shares at $.33 or 55M OS at $3.33? When I look at
the fundamentals, it doesn't make a difference to me. This
is not the typical RS that is done to allow a company to
print more shares but rather a decision to facilitate US
listing requirements and institutional investment requirements.
So previous reputation of high costs, high share count,
warrant overhang and cheap commodities are causing a
reduced share price relative to future value, all of which
can be solved by a little time and great management.
Looks like a great contrarian entry to me?
10 x 2018 projected CF is triple today's MC/EV plus higher
commodities pricing should weigh in to.
For comparisons I can remember when First Majestic just
breaking 6M oz AgEq, traded at 2.5B MC at $26 silver and
GORO traded at 1.5B MC with less production.
I think the list of fundamentals and on deck pos catalysts will chew threw negative catalysts and leave only positive pressure on the share price.
I have my first call into the company and will report if I find anything important.
Checkmate28 JMHO
USA Q3 production numbers out. As I suspected traders worried about bad numbers allowed a good buying opportunity while in fact numbers are great improvements and point to a turn around with higher cash flows on the way. Additionally On October 19, 2016, USA commenced construction of the San Rafael Project with a ribbon cutting ceremony.
Q3 Numbers
600,000 silver ounces and 1.2 m AuEq up 7% and 12%, respectively, when compared to Q2, 2016.
Cash costs $10.00 per silver ounce, a reduction of 17% year-over-year,
AISC $12.86 per silver ounce, down 22% when compared to the same quarter last year.
The San Rafael Project in Mexico is projecting to be on schedule and under the capital budget. San Rafael will be a significant generator of operating cash flow going forward, fueling the Company's earnings and cash flow growth in late 2017 and beyond."
The Company expects to begin stockpiling ore at the mill at the end of the Q2, 2017 with commercial production in Q3, 2017.
As previously disclosed, the Project is expected to deliver average annual production of 1.0 million ounces of silver, 50 million pounds of zinc and 20 million pounds of lead over a 6-year, initial mine life at negative AISC based on current reserves. The estimated pre-tax IRR is greater than 80% using recent silver, zinc and lead prices.3 The Project is a brownfield development that will utilize certain existing infrastructure at the Cosalá Operations and is expected to have an initial capital cost of approximately $20 million using recent exchange rates. With $26M in cash, San Rafael construction should be on cruise control.
Company has strong ex Barric Mgt and is guiding for 2018 AISC at bet $7 - $8 and 7 - 8 million oz AGEq when San Rafael kicks in.
Mgt is also calling for a 1 for 10 RS to get the share count in line.
At $134M Market cap, it looks cheap and safe to me.
Checkmate28
RRTEN RE EXN Excellon. You asked
Since they are drilling looking for the CRD, and if they find what they are looking for, this could re rate EXN much higher, if they have a massive deposit on their hands.
Do you think EXN will not find it now?
Yes the CRD is there for Excellon. They will find it and it will be rerated. I lightened up just from a valuation stand point and I could easily be wrong. EXN was up and USA was down. USA looks like it is about to turn the corner and improve its reputation and outlook. I was banking on seeing something when the numbers come out. Having said that, it has been a turd and could lay lifeless for 3 months while EXN comes out with a discovery and increased production with lower costs. I could easily decide to add EXN if I see it go down near 1.65
PRU.T Perseus Mining + 7% I think this is a no brainer anywhere near .50
Nothing new, just business as normal but their is great value. Im normally staying away from Africa, not because I dont like it but I know other jurisdictions much better.
Côte d'Ivoire is an upcoming raw African jurisdiction that I am comfortable with if Perseus just executes, they will produce 500k ounces in 2020 with minimal to no dilution. There is nothing in their way but time.
Market cap less than $300M Whats the future value of a 500k oz high cash flowing producer? Im content to just sit and wait on this one.
Link back for more DD Dr Air has some DD as well
Checkmate28
As to that, I can say that they were real worried that if they dont get underground before freezing temps, they were paying a lot of extra costs. Engineering has let them know that the weather wont be a concern. Now I wouldn't read, that things will take that long, but rather if it freezes up, they can move forward.
We should have some other news soon also.
USA.t ASM - ASM.V I traded a lot of my Excellon Res EXN which is trading near the 52 week high for these 2 companies. I think USA is an incredible buy at this point. Its trading low today I think, because investors are panicking due to financials not being out yet. They are at a turning point ready to produce at $9 AISC or lower with good CF after being known for high costs plus they have a large development project on the way. Short on time but this should help
http://www.denvergoldforum.org/dgf16/company-webcast/USA:CN/
http://www.denvergoldforum.org/dgf16/company-webcast/ASM:CN/
GORO News I added a large chunk yesterday unbeknownst this fulfilled catalyst would appear today.
GOLD RESOURCE CORPORATION RECEIVES FINAL PERMIT TO BEGIN MINING ALTA GRACIA
COLORADO SPRINGS – October 12, 2016 – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) today announced it has received the final mine permit (blasting permit) to begin development and production from its Oaxaca Mining Unit’s Alta Gracia Project. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
The Alta Gracia Project is located approximately 15 kilometers northwest of the producing Arista mine and Aguila Mill complex, all of which are located along a larger 55 kilometer north 70 west mineralized structural fault corridor the Company controls. With the final Alta Gracia mine permit now in hand, the Company is rapidly moving forward with a goal of drawing first mineral by year-end 2016 or the first quarter of 2017. The Company expects development time at Alta Gracia to be rapid, as the existing historic mine infrastructure can be leveraged and improved.
Oxide mineralization from Alta Gracia is expected to be trucked to and processed in the Aguila Mill’s currently idle agitated leach circuit. Initial mining rates target 100 to 200 tonnes per day and an initial mill processing rate of 150 tonnes per day. The Alta Gracia mine has the potential to increase the Company’s future annual silver production by approximately 500,000 silver ounces and 1,000 gold ounces. At year-end 2015, the Company estimated 185,000 tonnes in the mineralized material category grading 321 grams per tonne (g/t) silver and 0.55 g/t gold.
“We are pleased that the Company’s Oaxaca Mining Unit business plan of having multiple mines feed a strategically located mill is well underway with the development of our now fully permitted Alta Gracia mine,” stated Mr. Jason Reid, CEO and President of Gold Resource Corporation. “We were able to advance Alta Gracia forward much faster with this business plan, as we only have to justify the mining and trucking costs to haul mineral to our Aguila mill for processing. This shared mill approach eliminates the need and capital required to build a mill at each of our six properties. Furthermore, it targets moving a property into production sooner, at less cost and may add to our production profile and longevity of operations. We are very excited to soon have Alta Gracia as our second producing mine within our Oaxaca Mining Unit.”
CPTMatt GORO Great job on GORO. I didn't have much time last week but I did have a friend who shorted GORO and took a quick profit.
Was over priced at $8 but mid $5's is a bargain.
GORO & others! I had an order in at 5.90 for a trading position. Couldn't fill because you guys were blocking me with the higher orders LOL! I had to pay $6.10
Added some HL Hecla at $5.10
Added Aurcana at .45 ( I've bought this 3 times since Basserdan posted this presentation in Sept, a couple hours DD and a talk with Gary Lindsey whom I've learned to trust over the last few years. Also I included the Denver presentation which is a great summary as to why I got involved in this previous loser for me) I received a check from the Aurcana class action lawsuit but current CEO Kevin Drover is a top notch numbers guy with great operations experience with actions speaking louder than words.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125033231
http://www.denvergoldforum.org/xpl16/company-webcast/AUN:CN/
Considered adding EXN at 1.65 (my good buy price)
FYI I always convert the CA price and buy the US symbol but post the Canadian numbers
Considered adding AR below $3 (my good buy price)