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Personally exited early (at 68 cents), as I didn't see a positive from the Monday press release. Still believe in the company, and Dave Mathewson, but felt the stock was not going to run based on Monday's press release for at least a few more days. If I'm wrong, can live with it.
Despite gold's exuberant 2014, actually focused on diversifying away from gold miners -- though still stuck on miners. Seem to have a lot of confidence in the analysts recommending Madelena Energy (oil) and Arianne Phosphate (phosphate). Both have shareholders which hate each of the respective stocks right now.
Anyway, best of luck to all.
New press release out -- lots of retractions, etc. This may end up much ado about nothing much, but it will likely bring down stock price (no matter how high gold rises today).
Also, the closing of Pinon is now scheduled for March 4.
Pinon acquisition expected to close by Feb 28 (tomorrow). The recent drilling success at Kinsley Mountain lifted Pilot shares 20 percent, and Nevada SUnrise shares over 140 percent, so there's hope a good drill season for GSV will help its shares do likewise.
There was an extension granted in January for the conversion of some warrants. Perhaps it had something to do with that. If so, though, a press release would be forthcoming if those remaining warrants were indeed converted.
With apologies, I have no idea, but personally not too concerned with what Scorpio does with its shares. When VISTA dumped 16 million MIDAS shares, it barely even dented MIDAS share price (unfortunately, as I wanted some discounted MIDAS), and whenever Van Eck makes huge dump of shares (Vista, ATAC, etc), it brings down share price so low that one is able to quickly make a double from such investments. Investing a few days in a stock after Van Eck dumps it (from GDX or GDXJ) may be a good strategy.
Still don't know what to think of the Pinon property, and would love to see some analyst speak about the GSV acquisition. I really like Dave Mathewson, so trusting him, but it sure seems like they paid a lot for a property that, according to Scorpio, was receiving no value from the markets. As the latest GSV press release states, the loan now closes this week, not in mid-March, so there's possibility it will start an upward move after this coming week.
Not sure how others are faring, but miners quickly made back the money I lost on them last year, and then some, so it's been a nice start to the year. Am personally respecting profits when they come, and, if I miss a jump in a stock I love, just assume I'll get another chance later.
Closing of Pinon is not until March 14. Methinks I was impatient to get back, and would have been smarter to wait until that date... They do have a PDF presentation about Pinon on the website now.
Still seems to me like they almost overpaid for the property, but if their hunch about it is correct, then it will likely be worth it -- particularly for those who wait until this thing prices in the financing.
Will be interesting to see how IZEA stock fares after this. It has gone up considerably since the PTAB dramas started...
thanks for posting. Fantastic news.
Reinvesting at these levels. Have come to regard the Pinon acquisition as something which will offer GSV much more upside (an extra 25 percent in share price), so being able to buy shares 12 cents under its recent high seems like a good deal.
From here on out, plan to hold GSV too, as I don't expect future press releases to disappoint. Does anyone expect it to dip to sub-60 cent level again? Had hoped for this, but watching other miners rise while this does nothing makes it already feel like it's had its dip.
Reinvesting at these levels. Have come to regard the Pinon acquisition as something which will offer GSV much more upside (an extra 25 percent in share price), so being able to buy shares 12 cents under its recent high seems like a good deal.
From here on out, plan to hold GSV too, as I don't expect future press releases to disappoint. Does anyone expect it to dip to sub-60 cent level again? Had hoped for this, but watching other miners rise while this does nothing makes it already feel like it's had its dip.
Once the poorly timed acquisition of the Pinion (?) property is finalized, this should be a nice-performing stock going forward. The other "Carlin-like" play in Yukon, Atac Resources, jumped over 50 percent in the last two weeks (partly thanks to a nice Northern Miner write-up), and I think GSV stock will greatly benefit by the drilling updates from Railroad and this new property going forward.
Not convinced they underpaid for this property -- but assume they are correct in thinking it improves GSV overall. Basically have a lot of trust in Dave Mathewson.
Thought this was a good, straightforward post: Vista does in fact need the money, and maybe it became essential for them to sell 1/2 of their MIDAS shares after the delayed 2nd payment (and potential return) of the Los Cardones property.
I didn't like their reiteration of their money status in the Los Cardones update -- it seemed to infer what was to come shortly thereafter -- so sold at that time to invest more into another miner, but am not surprised the stock continues to do pretty well.
Should gold prices stabilize, and the final Los Cardones payment come through, then it's possible VGZ could even become a bit opportunistic again, and return to doing what they always did very well (ie finding good properties on the cheap).
Spartan Gold has property right next to GSV. It got some financing thanks to some of the good drill results from GSV. Don't think GSV would buy them out, but you might be onto something.
Sincere thanks for the update.
The Pinion property comes with some dilution (hence the drop in prices right now), and perhaps the bottom for GSV PPS will be reached once this deal is priced in.
From there, expect the stock to find favor in a good gold market -- though it takes forever to get resource estimates on Carlin-style properties, and think that will keep GSV mostly a stock owned by insiders and hedge funds, etc, not by the retail investor who could really prop up the price.
MIDAS shares perhaps being sold due to the Los Cardones permitting difficulties (that VISTA faced, and that Invecture now faces):
http://nodirtygold.earthworksaction.org/voices/baja_california_sur#.UvLa0WJdVpA)
MIDAS, IMO, will have an NPV close to 2 billion by the time their mine is actually built and running (2019?) so this move from VISTA was premature IMO -- unless they know for certain that Invecture will be returning Los Cardones.
VISTA selling half of their MIDAS shares at a healthy discount.
DENVER, COLORADO, Feb 06, 2014 (Marketwired via COMTEX) -- Vista Gold Corp. CA:VGZ 0.00% (nyse mkt:VGZ) VGZ +1.67% ("Vista" or the "Company") today announced that it intends to file with Canadian securities regulatory authorities a notice of intention to sell up to 16,000,000 common shares (the "Offered Midas Shares") of Midas Gold Corp. ("Midas") under section 2.8 of National Instrument 45-102 Resale of Securities. Vista may commence selling the Offered Midas Shares on or about February 14, 2014.
The Company has executed an agency agreement (the "Agency Agreement") dated February 5, 2014 among certain agents (the "Agents") and Vista and its wholly owned subsidiary, Vista Gold U.S. Inc. ("Vista US"), under which the Agents have arranged to sell the Offered Midas Shares at price of Cdn$0.80 per Offered Midas Share for aggregate gross proceeds of up to Cdn$12,800,000 (the "Offering"). In addition, the Offered Midas Shares may be sold pursuant to a finder's agreement between Vista US and a finder (the "Finder") on the same offering terms. In consideration for the services to be provided by the Agents, and if applicable, the Finder, in connection with sale of the Offered Midas Shares, the Agents or the Finder (as applicable) will receive a cash fee in amount equal to 6% of the gross proceeds from the sale of the Offered Midas Shares.
Vista and Vista US have agreed that following the closing of the Offering, they will not sell any of their remaining shares of Midas for a period of 8 to 12 months following closing, depending on the size of the Offering. In connection with the Offering Endeavour Financial Limited (Cayman) has provided the board of directors with a favourable fairness opinion on the Offering.
Vista currently holds, directly and indirectly through Vista US, an aggregate of 31,802,615 common shares of Midas, representing 24.9% of the outstanding common share of Midas. If all of the Offered Midas Shares are sold, Vista's holding would be reduced to 15,802,615 common shares of Midas, representing 12.4% of the outstanding common shares of Midas.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold absent such registration or pursuant to an exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein in the United States.
It seems to trade like VISTA and some other gold miners in Nov-Dec: lots of small trades, perhaps by an ISO trader, and the appearance of some entity mostly controlling the Buy and ASK. These miners doubled in January from their bottoms, btw, and expect the same to more or less happen quickly with CRUMBS... perhaps after they update investors when they report Q4.
Right now, have personally been buying dips, but with realization it may drop to 50 cents before it begins its rebound.
There are a number of people still shorting CRUMBS, btw, as well as one board member who has been selling his shares since the Fischer announcement. SO there's definitely a degree of risk here, but there hasn't been this much potential upside for a while though.
Press release regarding a delay in the final payment from Invecture to VISTA (as they have failed to yet get permits for Los Cordones).
There should be some doubt that Invecture will get the permits, so expect selling pressure today.
Primary possibility is the fact that insiders own more shares of BCYP than anyone else. Possibly, they have enough funds (like ISO traders) to more or less control the BUY and ASK for this stock.
Perhaps it will also go up considerably (if only temporarily) should it get more of the traditional "penny stock" investors (who I assume were among those who sent the stock soaring in June). No one has any clue what market cap SVFC is now (as they keep diluting it with new shares, and are slow to update SEC filings), but it's up a ton today...
As for litigation stuff, who knows? The lack of timely info available to lay investors about the PTAB stuff was one of the things which frustrated me.
Primary possibility is the fact that insiders own more shares of BCYP than anyone else. Possibly, they have enough funds (like ISO traders) to more or less control the BUY and ASK for this stock.
Perhaps it will also go up considerably (if only temporarily) should it get more of the traditional "penny stock" investors (who I assume were among those who sent the stock soaring in June). No one has any clue what market cap SVFC is now (as they keep diluting it with new shares, and are slow to update SEC filings), but it's up a ton today...
As for litigation stuff, who knows? The lack of timely info available to lay investors about the PTAB stuff was one of the things which frustrated me.
Did you invest in June (I think), when the stock moved quickly from 9 cents to 36 cents ?
Stock might frankly perform better than when the "Markman" investors arrive. It remains the only double I've yet to have in my short career of stock market investing...
BTW, BCYP has 20,000 shares bought in pre-market, and seems on the rise.
And yeah, I follow SKTO now too. As long as you catch it near the end of one of its falls, it seems to rise great.
I have moved most of my funds elsewhere, but wasn't trying to be negative. Good luck.
GSV just expanded their property:
"In our view, acquiring the Pinion Deposit and completing the Railroad land position puts us firmly in control of one of the premier undeveloped land packages on the Carlin Trend. Our growing North Bullion Deposit exhibits the characteristics of a classical, large, higher-grade North Carlin-style occurrence," stated Jonathan Awde, President and CEO of Gold Standard. "Pinion provides us with a very different development option...a near-surface oxide deposit which would typically have a shorter path to development as well as lower capital and operating costs. We think this is a strategically important addition to our asset base in the current environment."
Upfront consideration for the acquisition will consist of cash payments of C$6,000,000 and 5,500,000 GSV common shares. Concurrent with the acquisition, Gold Standard has engaged a Canadian agent as lead agent and lead arranger to raise, by way of a best efforts private placement, a minimum C$8 million (the "Offering"), subject to an agent's option to increase the Offering by up to 15% until 48 hours prior to closing, to finance the acquisition of Pinion and for working capital and general corporate purposes. The Offering will be subject to certain conditions including the receipt of all necessary approvals including the approval of the TSX-V and the NYSE MKT."
No clue about the PPS movements. Still amazed the stock basically went down on the day last summer when it announced Living Social settled.
Just an fyi that Invecture's final payment for the Los Cordones project is due by end of month. It seems like this should be bullish for the stock, but who knows...
The latest MIDAS update (of which Vista holds 25 percent) did nothing for that stock, btw. They have a very environment-friendly focus, though, and should have no problem getting its permits when they apply for them.
The latest Calandra report was not "bullish-sounding", and suggested GSV would likely have to prove it can cheaply mine its resources, suggesting he thinks it may take a while before the stock advances hard...
Moved some funds as a result to ATAC Resources (the Yukon "Carlin" play); a recent article on NorthernMiner sold me on it, and I get the impression its stock has plummeted mostly because it's in the Yukon, and its mgmt chose to conserve cash rather than drill hard while gold was tanking.
Just an fyi that all of BCYP's 5 current patents are now under review. IZEA (a smaller market cap company than BCYP) sent out this press release:
Patent Office to Review Validity of Blue Calypso's Patents
8:01a ET January 27, 2014 (Market Wire)
IZEA, Inc. (OTCQB: IZEA), a pioneer of Social Sponsorship, today announced that the Patent Trial and Appeal Board (PTAB or Board) has expanded the Covered Business Method Review (CBMR) to all five of the patents Blue Calypso has asserted against IZEA and other defendants Groupon, Foursquare and Yelp.
On Monday, December 16, 2013, the PTAB instituted a CBMR for three of the five patents asserted by Blue Calypso. On Friday, January 17, 2014, however, the PTAB made it a clean sweep and instituted review of Blue Calypso's remaining two asserted patents. These patents may not even be entitled to their claimed priority dates, thereby expanding the universe of prior art that can be used to challenge their validity. The PTAB also set an accelerated schedule for the most recent CBMRs, such that the Board can make its final determinations with respect to all CBMRs at the same time. The PTAB's final decision regarding all of the asserted patents is expected within eleven months, and Blue Calypso's litigation against IZEA has been stayed by the Court until resolution of the CBMRs.
"The Patent Office's recent actions make clear that these patents should never have been issued in the first place," said Ted Murphy, Founder and CEO of IZEA. "IZEA looks forward to the patent office's final decisions on the business method patent reviews and conclusion of the Blue Calypso litigation."
About IZEA Founded in 2006, IZEA is the pioneer of Social Sponsorship. The company builds cloud-based marketplaces that connect brands with creators who blog, tweet, pin, and post on their behalf. Brands receive influential consumer content and engaging, shareable stories that drive awareness. Creators are compensated for their participation and partnership. For more information about IZEA, visit http://corp.izea.com.
New press release, with all info positive. I expect a dip tomorrow before a considerable rise based on the news. If it goes down all day tomorrow, assume it is just smart money accumulating. I personally expect it to hit a dollar soon thereafter.
A post on Stockhouse suggested more drilling results will be out by end of month, and new drilling will start in late January/early February.
I think all junior miners rich enough to drill, and put out some potentially good updates, are likely going to benefit greatly from this renewed optimism for the miners...
EDVA's recent comments on his blog suggest the statements used by IZEA in their press release were taken directly from the PTAB announcement when they decided to review the patents.
Until the IZEA press release, that sort of "grim" wording was not conveyed to Blue Calypso investors by the company, or on public boards, or blogs, etc...
No clue. But if PTAB did not make such comments, is it legally permissible for IZEA to project that they did ?
IZEA's update in regard to the stay:
Judge Grants Stay in IZEA Patent Infringement Case
8:00a ET January 17, 2014 (Market Wire)
IZEA, Inc. (OTCQB: IZEA), a pioneer of Social Sponsorship, today announced that the court has granted a joint motion to stay Blue Calypso's patent infringement case until the Patent Trial and Appeal Board's (PTAB) Covered Business Method Review (CBMR) of Blue Calypso's asserted patents is complete.
On Thursday, December 16, 2013, the PTAB instituted a CBMR for three of the five patents Blue Calypso asserts in its case against IZEA. In its decisions granting the CMBRs, the PTAB explained that several of Blue Calypso's asserted patents are likely invalid. In particular, the PTAB found it more likely than not that each patent was invalid based on two independent grounds of anticipation, and one ground of obviousness. Additionally, the PTAB preliminarily found it more likely than not that many of the claims of one of Blue Calypso's patents were invalid due to a lack of written description. The PTAB's final decision regarding the first three asserted patents is expected within eleven months.
"IZEA remains steadfast in our belief that we do not violate any of Blue Calypso's patents, nor should they have ever been granted," said Ted Murphy, Founder & CEO of IZEA. "We are pleased that the patent office has taken this important step in protecting marketplace innovators like IZEA. The stay in the case will significantly reduce IZEA's legal expenses during the stay period. IZEA looks forward to the patent office's final decisions on the business method patent reviews and a positive outcome in the Blue Calypso litigation."
IZEA's update in regard to the stay:
Judge Grants Stay in IZEA Patent Infringement Case
8:00a ET January 17, 2014 (Market Wire)
IZEA, Inc. (OTCQB: IZEA), a pioneer of Social Sponsorship, today announced that the court has granted a joint motion to stay Blue Calypso's patent infringement case until the Patent Trial and Appeal Board's (PTAB) Covered Business Method Review (CBMR) of Blue Calypso's asserted patents is complete.
On Thursday, December 16, 2013, the PTAB instituted a CBMR for three of the five patents Blue Calypso asserts in its case against IZEA. In its decisions granting the CMBRs, the PTAB explained that several of Blue Calypso's asserted patents are likely invalid. In particular, the PTAB found it more likely than not that each patent was invalid based on two independent grounds of anticipation, and one ground of obviousness. Additionally, the PTAB preliminarily found it more likely than not that many of the claims of one of Blue Calypso's patents were invalid due to a lack of written description. The PTAB's final decision regarding the first three asserted patents is expected within eleven months.
"IZEA remains steadfast in our belief that we do not violate any of Blue Calypso's patents, nor should they have ever been granted," said Ted Murphy, Founder & CEO of IZEA. "We are pleased that the patent office has taken this important step in protecting marketplace innovators like IZEA. The stay in the case will significantly reduce IZEA's legal expenses during the stay period. IZEA looks forward to the patent office's final decisions on the business method patent reviews and a positive outcome in the Blue Calypso litigation."
IZEA's update in regard to the stay:
Judge Grants Stay in IZEA Patent Infringement Case
8:00a ET January 17, 2014 (Market Wire)
IZEA, Inc. (OTCQB: IZEA), a pioneer of Social Sponsorship, today announced that the court has granted a joint motion to stay Blue Calypso's patent infringement case until the Patent Trial and Appeal Board's (PTAB) Covered Business Method Review (CBMR) of Blue Calypso's asserted patents is complete.
On Thursday, December 16, 2013, the PTAB instituted a CBMR for three of the five patents Blue Calypso asserts in its case against IZEA. In its decisions granting the CMBRs, the PTAB explained that several of Blue Calypso's asserted patents are likely invalid. In particular, the PTAB found it more likely than not that each patent was invalid based on two independent grounds of anticipation, and one ground of obviousness. Additionally, the PTAB preliminarily found it more likely than not that many of the claims of one of Blue Calypso's patents were invalid due to a lack of written description. The PTAB's final decision regarding the first three asserted patents is expected within eleven months.
"IZEA remains steadfast in our belief that we do not violate any of Blue Calypso's patents, nor should they have ever been granted," said Ted Murphy, Founder & CEO of IZEA. "We are pleased that the patent office has taken this important step in protecting marketplace innovators like IZEA. The stay in the case will significantly reduce IZEA's legal expenses during the stay period. IZEA looks forward to the patent office's final decisions on the business method patent reviews and a positive outcome in the Blue Calypso litigation."
The optioning of the Guadalupe project came as a big surprise (project seemed near worthless in current market, IMO) and I was quite impressed by what they got (ie more than what Red Eagle and its properties/cash are getting valued by the markets).
Cangold jumped 40 percent as a result of the agreement. Will be interesting to watch that stock as the offer becomes official.
Blue Calypso has released a pretty good press release on the subject of the stay:
Blue Calypso Joins Stay Motion Filed in Patent Infringement Litigation to Strengthen Case
7:05a ET January 16, 2014 (GlobeNewswire)
Blue Calypso, Inc. (OTCBB:BCYP), a developer of digital innovation products and services, filed a joint motion with the defendants requesting a stay of the case until after the Patent Trial and Appeal Board's (PTAB) Covered Business Method Review (CBMR).
"Together with our litigation and prosecution counsel, we unanimously concluded joining the defendants' request for stay on the Markman hearing was in the best interest of our shareholders and company," stated Blue Calypso CEO Bill Ogle. "By negotiating with the defendants our team has secured key terms that cemented our decision to join the stay. We believe this will avoid the possibility of conflicting verdicts; minimize appeals and shorten the resolution potentially by over a year. We are extremely confident in our case and the validity of our patents. We remain focused on our goal of increasing value to our shareholders through sales of our products and services and the protection of our patented technology."
Fish & Richardson P.C. Comments
Fish & Richardson is Blue Calypso's patent litigation counsel and one of the largest firms practicing intellectual property litigation, transactional, and regulatory services. Attorney Thomas M. Melsheimer stated, "While post-grant challenges have become a common tool for accused infringers, the CBMR procedure provides a unique opportunity for patent owners like Blue Calypso to further strengthen their patents in a shorter timeframe. We are confident the CBMRs instituted with regard to the Blue Calypso patents provide a unique opportunity for the company to more fully realize the total potential of its patent portfolio. For instance, we can now address various invalidity arguments by the defendants, which in turn increase our belief that the company will ultimately prevail in the underlying litigation."
Key Reasons for Joining the Request of Stay
-- Defendants will be estopped from raising key invalidity arguments at trial.?
-- Defendants will face an expedited schedule with fewer defenses after the CBMR.
-- Patents that have survived a post-grant review procedure are considered battle tested, making them more resilient against any future claims of invalidity.
Summary of the PTAB and the CBMR
The PTAB was established in part to respond to the perceived problem of non-practicing entities (NPEs). Its CBMR process, similar to a "re-exam," is a relatively new process that became effective in September 2012 as a part of the America Invents Act. During a CBMR, the patent owner has the opportunity to respond twice: an initial response as to whether or not grounds exist to review the patent and a second substantive response including evidence in support of upholding the patent as valid.
Recent Events Related to Blue Calypso Patent Litigation
In June 2013, defendant Groupon filed a petition for CBMR for three of Blue Calypso's issued patents and then filed a subsequent CBMR petition in August 2013 for the remaining two issued Blue Calypso patents. The PTAB has agreed to hear cases on the first three patents and is still considering the remaining two cases. The PTAB has chosen to institute most CBMR cases. As such, Blue Calypso's management and litigation team were not surprised by the institution orders. At this juncture, Blue Calypso has filed its first response and joined the request for stay of the litigation. The second substantive response which will include the Company's position as to validity of the patents will be filed in March.
seems to be in an accumulation phase right now...
thanks for posing the question.. apologies that I have no answer, and admittedly have needed to over-rely on updates from others...
Anyway,it definitely seems as if something good is going on today, as this is the first day in a while in which some significant-sized buys were made.