Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
How tragic. 20 cents on 238,000.
I guess they will get to 50 this year.
oh well. that's the moly biz. All gain and no pain.
EC':-}
John Roth was the CEO of Nortel.
He told us what he did last year.
Embezzlement etc..
You don't have to be that detailed. I am not being accusatory.
:)
EC<:-}
Tell us what you did today.
John Roth told us what he did last year. It's only fair.
EC<:-}
The reason we are all here is because we are not all there.
EC':-}
Kerr Addison mine used to sell little 1/4 ounce nuggets from its mine, with quartz attached. They were in little plastic baggies with a carboard top, and were about 7.50. I remember buying one in 1963. I had it for years, but I don't know what I did with it.
I have a few chunks of moly from our Quebec ops. Maybe I should bag them.
EC<:-}
de duh,
de duh,
tuh duuh-de-duh de duuh-de-duh
duh deeeeeee de de-de-de dah,
duh de duh-ti-duh de dah, dah, dah,
de-de-de dah-dah, de de-ded-de dah-dah
de-duh de-duh
de duh-ti, dih-ti duh, de-de-de dah dah
de-de-de dah dah
(reprise)
the pink panther turns blue.
Good golly we won't miss moly.
I just hope it doesn't retain its potential forever.
EC<:-}
So they have a market cap of about 200K let's say.
When you say float, that is generally anywhere from 30 to 50% of the total shares out.
If they own the plane they fly, then their market cap is less than the cost of that airplane.
I don't know what contracts they have. This is the key. Blue Sky does not work as well for tech companies as it does for mining companies.
Another thing a body needs to know is cash on hand, burn rate and potential contracts or contracts being negotiated. What you have to bet on is people beating a path to their door. HyVista has more of a business presence and more case studies and academic papers on their methods. That is a direction that Ekwan River has to go down soon.
I also feel that to gain believability, they have to get on a CDN exchange. The Nasdaq is unreachable for years yet as the stock price required is way too high. The pinks will remain an albatross for this hatchling techie.
Another thing they need to do to differentiate themselves is to offer mag, EM and perhaps gravity if they can license it, so that they are a one stop shopping solution for the mineral explorer.
EM today is(has been) usually TDEM, VLF or a thingie like DIGHEM. TDEM is too wishy washy and does not give enough reconnaissance differentiation of anomalies. It missed too many massive sulphide and other sulfides whether coupling was poor or only fair. Dighem does not have the success stories. VLF is good on the ground, but needs multi-directional ground transmitters today, and is too overburden driven. What I have advised is that the olde Canadian Aero system of unlimited power, had the best anomaly resolution of them all and with today's multi frequency approach, could be made the best and deepest resolver of them all. The field as they say is open.
I realize the megatem and multi-frequency techniques are the thing today. The three I mentioned are olde hatte. But I stand by my story. New EM is needed too.
EC<:-}
How many shares out on this puppy?
Given that if they do not go out of business in less than say 2 years, tehn they have to be a steal at 1 cent, IF there are not 200 million shares out.
EC<:-}
Steady on there durango! Whereas the IR HS signature of Voisey's Bay would have showed up, the system would not have differentiated it from the myriad other copper and nickel showings in the area. There are 60,000 sulphide rock showings visible from the air in Labrador, by actual count. That is a blessing and a curse for this technology. Don't forget that Voisey's was sampled on the surface by the government too before its "discovery" by those newfie prospectors.
EC<:-}
It has the same basis. The differences lie in the number of channels and the (software) interpretation.
Read the CDN government stuff. That is where Godin stole all his ideas.
EC<:-}
Do you attach remote sensors on the base of those, or do they have naturally occuring attenae?
I used to be in company that had Walter Renshaw as a consultant. He had found the first mine in Canada that was found by geophysics. The Buchans mine in Newfoundland. It was found by self-potential. SP is basically a voltmeter connected to two porous pots. Works like a charm for +5% sulphides and is very postive. At the time Walter was 90+ years old.
http://www.heritage.nf.ca/society/buchanstown.html
Six toed people come from Appalachia, are often country singers and can predict the future.
EC<:-}
ah.... I don't think they said that, nor could they get that by state. I don't see how that would work, do you? Who would grant that exclusive; somebody who owned their IR engine, or their software..? they were not very explicit about it.
There are a lot of people in hyperspectral over the last ten years.
Here is some info:
http://www.techexpo.com/firms/oksi.html
http://cires.colorado.edu/cses/shortcourse.html
http://www.space.gc.ca/asc/eng/satellites/hyper_geology.asp
http://www.spectral.ca/howwework/HyperspectralInfo.htm
http://www.photonics.com/spectra/features/XQ/ASP/artabid.61/QX/read.htm
http://www.hyvista.com/articles.html
http://www.cstars.ucdavis.edu/classes/mexusenvi/tut8.htm
The company really should take statements off its website that it has "exclusive rights to Arizona, Nevada, and New Mexico". Exclusive rights to what? It sounds like they are trying to suck in mouth breathing day traders on that one. They should monitor their publicity a bit more closely. Statements like that could invite stock shorters.
All observations of minerals or anomalies thereof are conjectural as to actual economics. As well, the signatures of minerals do not necessarily indicate economics.
So it is all anomalies they are chasing. Or occurrences. There are just as many occurrences listed in reports on paper, that are not followed up on, or insufficiently delineated by drilling or stripping as they will find from the air.
The manner that this is used is to try to delineate patterns of alteration which are indicative of subsurface mineralization, patterns of associated mineralization which are likewise indicative, and to find previously unobserved mineral occurences or previously unobserved extensions of known mineralization or alteration. It also serves to expand associations of minerals and alteration that could lead to finding different types of mineralization in an area. i.e. IOCG
I stand by my position that the positivity of down hole surveying is very high for a conductive anomaly method. Very low positivity types are TDEM or time domain systems, that are wasting a lot of money as a reconnaissance tool. Surprisingly VLF has very high positivity when properly used.
Probably the olde shotgunne technique of correlation with mag, em and all available information is still the best way to use the info.
This methodology while fairly efficacious, needs good interpretation to be useful. It provide information overload in terms of signatures and can be confusing in areas of forest cover. No doubt standards need to be developed. It is hardly X-marks-the-spot drill-here technology.
Companies are providing hand held spectrometers to do this stuff, and they are very pricey. You have to compare signatures to get minerals. I cannot afford them by the day, and very few companies are using them. If you are walking people feel they can identify important minerals by eye. That is not strictly true, and the machines would be very helpful, but they are way out of bounds on price.
EC<:-}
The Big mines were all found by fools, it is true.
For an exploring fool, Godin is one of the most skeptical people I have ever met.
Persistence finds mines, but persistence takes money.
Buckets of it, since exploration is an imperfect science, no matter how much perfect science you throw at it.
The most effective mine finding tool ever built is down hole geophysics. The hands down winner of all time. Literally dozens of mines to its credit. I would not drill these days without using it.
One group I know has developed down hole IP. I intend to use that at first opportunity.
EC<:-}
I am a natural born skeptic.
The less skeptical I become the more money I lose!
Yes, and flyboys make VERY good money. Get this, he was head of the now-bankrupt Air Canada Pilot's Union. I mean the airline was bankrupt, not the Union. The Union is still doing very well. He always said he would rather be head of the Stewardess's (now Flight Attendant's) Union. Something about the perks were better. I think he stayed in as long as he did, because it was the cheapest way to travel the world and wheel and deal.
I am not saying that I know that his company will be a roaring success, printing large bank notes on RS miles from here to Katmandu, with a fleet of aircraft, but they do have a technology and the stock HAS to be a steal at one cent a share. When all is said and done, the people in the company are technicians. Jackson is a fair geologist, and their computer geek is apparently able to assemble the parts a child's bicycle so that once can actually ride it. And this is without looking at the directions. Scary.
I like the idea of mining services. (On the side one can always look for a mine. He flew this way too, as it helped with pouring the drinks with one hand.) I would not mind starting an assay lab, being an old ass-ayer myself. As metals stay at high demand prices, major companies will expand their exploration base. It is no secret that metal stocks are low in North America, and some companies have run out of zinc altogether, as well as major copper sources. The supply of desert copper in Chile notwithstanding, the price will rise still more.
RS can be used for all kinds of things as well as minerals. Assessing damage to tsunami hit areas sounds like an idea for it too.
EC<:-}
That definitely sounds good.
I IS Wild, Cat.
Is yoh Wild, too, Cat?
EC<:-}
I do mine my own business. Itza fakt.
We is not full time minin. We iz full time lookin. For money and orebodies. We figure we know where a few are. That is less than or more than grass roots, dependin on how you look at it.
http://www3.sympatico.ca/echarters
According to the Peter principle we has either risen to the full height of our incompetence, or we got a ways to go. Either way we is glad to be along for the ride.
EC<:-}
Ed Godin is quite the character. If you get a chance you should talk to him. He has led quite a life. He was an airplane pilot, (sort of like Leslie Neilsen) for most of his working life. On the side he ran an exploration company (CPM) that did an amazing amount of work in all sorts of far flung areas. His dream is to become the juggernaut of remote sensing mineral exploration and find a hugamungositie of a mineral claim, complete with dancing girls and hotels. We understand the company jet is circling Las Vegas for just such a purpose as we speak.
I think the CNQ-TSE is the way to go. Less expensive on the stock support than the Nasdaq. BB you are lost in the swamp of 10,000 penny companies. Pinks and your stock can trade at 1 cent and be quoted at a dollar.
I would use the system if he could come down in price to about a dollar a mile.
EC<;-}
They are desperate for a higher stock price, and they padded this news out to make it seem like they are working.
Would you want to finance at 1.5 cents a share?
I don't know why he just doesn't list on the TSX Venture with a property of merit and get it over with. I know they are all fusty and iggorant with rules up the ying yang, but no one with a brain wants to value invest on the pink sheets. Maybe the BB, but the pinks are for people who hang out in Las Vegas with checked suits and cracked patent leather shoes in a hotel room full of books on how to beat the dealer at 21.
EC<:-}
Well, you were supposed to take a new PP and let your new warrants expire next year. That evens it out.
I am having the last laugh. I am stealing the geniuses of Zenda and spiriting them away to another Castle. Big Gold Rock Castle, which will impersonate a gold/moly mine.
I don't know where Zenda will go or how. It's new properties are grass roots. They may have punch, but it's a gamble. The new management has money raising power, as they have driven stocks before. Maybe they have an ace in the hole. I was told they were to drive it to a higher plane to raise some serious money. But the shares out are a tad big. If they had a Chinese gold mine, I would breathe a bit easier. Personally if I were them I would have taken my offers of a JV on the Moly properties or concentrate on their KL properties. The KL thingie has some intriguing features. And there was an option there they missed that has some good mineral on it. The Cat can take care of that. You can hit if big in KL in certain places. History tells us that. I know there is opportunity there.
I am pretty sure the properties of Shield's will either expand or small scale produce. Geologically I am working on safe bets that have insulation at several "levels". No property is insulated against bad markets and lack of power behind it,though. Some people are panicking every time the market dips, convinced that the Chinese will back out of double digit growth or the gold price will tank. Everything about these kind of trends tells me that they are not that easy to manipulate once the toboggan ride begins. Still I would have been much more comfortable if we could have got our development money last spring.
EC<:-}
You play the part of the evil captain Frankenheimer who betrays Zelda to be ransomed by passing Gypsies.
Deep and deeper every onward.
Once more into the breach, brave comrades
to be sucked down into the deadly
Maelstrom that is the Zenda thing.
A blackened swirl of the oceanic abyss
that sings its siren song to wandering
barques and swallows them like toys
Oh fie upon our vain pretensions that
the gods mock so scurillously!
We are but pretenders! The pawns of
ever more mighty games of the powerful.
Against the might of nature's bite
who are we to plan our courses with comfort
when on every hand bald danger lurks, hidden
reefs omitted from our maps that show the
way but to a watery grave
Onwards brave comerades! Ours is not to question
why, ours is but to do and die.
EC<:-}
Veritably like the sword of Damocles, on the string of our faith!
I say olde chappe!
Rudy it is!
Are you one of the conspirators?
EC<:-}
Although St. Jude and AMI are bigger and longer in the tooth, it seems that they don't draw the interest for some reason. St. Jude lost a lot of credibility a while back by trying to stretch results in a high grade zone to sound much wider. It really isn't fair to their deposit
CDY is only partly explored on their Kouroussa property. James is saying it will topsy, and I must say I cannot disagree. It isn't the widest thing in the world, but it is one of many zones they can hit there and the overall grade is respectable Last round of results were at 2.41 grams.
EC<:-}
We hold our breath as the Massey drill results wend their slow way throught the assay labs, hanging as it were, Damoclean like, over the market.
EC<;-}
Ahhhh the infamous Diamond Tom Bryant of AB drift-diamond fame. Seems that rush did not many diamond mines make. You can be first, but that does not guarantee fortune. Oft precludes it.
Strangely, the company literature does not seem that close to traditional mining lingo, referring to claim posts as "stakes" and adits or ramps as "tunnels".
I don't dispute their claims as not having "potential". At least some of management have been in the biz for a while, but they are not keeping up with the necessary disclosure rules. Referrences such as "obviously the claims have mine potential" are strictly TSX-verboten. The word potential cannot be use to describe showings or resources, let alone the word obvious. It is not obvious anyway, as they do not support the statement in the chapter. I am not merely nitpicking here, the TSX has forced the rewrite of many a public companies announcements and literature.
Their website does have a lot of story to it. Good style too and simplicity. A tad better exposure of what is going on than most. They need to become more conversant with 43-101F disclosure regs though.
EC<:-}
The Author Shown with a Smallish Gold Nugget from His Claims
As can be seen from the meagre returns pictured here, the claims are now considered too poor to be worked profitably.
EC<:-}
Last known picture of the rocket, shown calling the stocks in his office.
Harpy Nue Yeer, La Rochet.
http://www3.sympatico.ca/echarters/hnydf.html
Don let them kall yue a botom feedur.
Yoh is an opportunist, with mercenary sensibilities.
EC<:-}
I see what your cryptic references are to. (a preposition is a bad word to end a sentence with) -- Ekwan fell off 3.5 cents on 395,000. Which was a hugie percentage. On no news etc... hmmmmmmm a trifle disturbing, but it could be end of year selling etc.. on the other hand it has been in the making for some time.
I see where they plan to fly all over the SW US, which "the (other) boys" have satellited (aulde remote sensing) to death for smectite alteration etc.. -- no doubt with the hopes of finding new gold trends etc.. (however) most of the lower plate rocks are buried deep, and many of the surficial pyritized volcanics are barren. Fipke wandered the SW with some form of geochem for a few years to no avail. On the other hand this new IR stuff should reveal new targets.. IF they can get the ground. It will be tricky...
How much buckeroonies have these guys got to front their program? and do the interp? They still need more than a dollar to search the SW sans doot.
Jes askin'
EC<:-}
So were they.
Still one out of three ain't bad.
Companies have a tendency these days to publish the widest width and fade the grade. The widths are grand. Of the grades in the one hole, they are what is called "mine run".
You get 33-33-33 in most mines. 33% low, i.e. .05 to .15, 33% medium, i.e. .15 to .32 let's say, and 33% high, i.e. .32 to 1.5 oz's. In order to determine your averages, you have to drill in excess of 20 holes into an ore zone. I am comfortable with 150 or more to get a feel for a mine. By contrast Wildcat has about 140 into its ore zone and the averages are about .47 ozs/short ton. But you could take ten here or ten there and be below .13 oz's. Plus at most gold mines, you could drill from 6 inches to ten feet away and get triple the grade, or 1/3.
What is encouraging in gold drilling is if you can get "no blanks". In other words say more than .02 oz's in every hole you drill.
It depends on the ore body. Some gold mines are maddeningly consistent with hardly any high grade holes. Others are up and down like toilet seat at a mixed party.
I remember sampling the Croinor Pershing in PQ in the early 80's. Every sample I took was within 20% of .25 ounces for one mile. No blanks, no real low, and nothing high. I figured that was the grade and that was that. But much later in another zone entirely they were able to find a better tenor, closer to .30 oz's per ton.
Gold is full of surprises, and that is what you count on.
EC<:-}
It isn't a barn burner, but they got game in the gold zone, they do for sartin' sure.
Can't hang yoh washin' on one drill hole. Gotta drilla few hunnert more.
Please refrian from restraining your irrational exuberance.
EC<:-}
Sleepy little company and it has lots of paper out. Long history in exploration and scads of mature resource and mining assets. It is surprising what you see when you peel back the onion skin. Who beateth the paper drum and who possesseth fancy four colour literature is not always the organization that hath the goods. The best companies in the bush and who spend the most money in the ground with any kind of competence are not always the ones that you see in the press. It would shock most people to know which companies are the hard working, real explorers. It shocks me.
A lot of companies that fly at substantial prices, printing story bold on the exchange are not that solid enterprise-wise. If you would go out their operations you would be dismayed by the flakeiness of the whole thing. Others that escape our notice have real things going on in droves, and land positions with work on them as far as the eye can see. Most of the former VSE is office promotion with nary a paid geo on staff or within ten blocks of their Howe Street den. Ohter companies have industrial pocketa pocketa going on in a flurry of flying drills and clanging stamps but you never hear a peep out of them. They nestle in nooks on the CDNX or other, with bid and ask ever fixed like lonely beacon on a distant shore, and the odd share trading. You would expect to see cobwebs growing out of the office phone. But go into where their explo crews are whaling away and you can't see for rock dust no hear for the roar of the drill. Strange. I have seen it often.
There are lots of stories out there. You have to look past the surface.
EC<:-}