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.
Wow nice response! Lets here it Einstein since you know it all. Every board for the last three days has people asking why for no reason PM are crashing. Please enlighten us.
Could it be DB selling off inventory???
You are 100% correct on the "bad info". It is all about the election. The economy still sucks and sooner than later we will pay the piper.
Only 2 hours into the day and we are at 150% of the 10 day ave. volume!!
Nice green day on heavy volume!! GO RXMD!!!!!!!!!
I can't say for sure, but I would not think so. IMO it's all bs anyway. I stated before that I bought this as a lottery play but I have since "sold" my lottery ticket while it still had some value.
I hope when you say "you guys" you are not including me and that you understand sarcasm.
Alien, they haven't been hiding it, they have been openly sharing all vital information VIA there COL317 contact
Scratch that, just copied this off of Silver One's website.
Silver One’s aim is to become a premiere Mexican focused silver exploration and development company. The Company has acquired a 100% interest in three significant silver assets from First Mining Finance (TSX-V: FF). Through this transaction First Mining owns 7.2% of the issued and outstanding shares of Silver One.
The three properties in Mexico include: Peñasco Quemado in the State of Sonora, La Frazada in the State of Nayarit, and Pluton in the State of Durango. Peñasco Quemado and La Frazada have historical resource estimates while Pluton hosts significant exploration potential. The company is planning an aggressive exploration program to update the historic resource estimates and explore the high grade target on the Pluton project.
TD shows Silver One (slvrf) with 38.8 M shares outstanding so 6 million would be just over 15% of the company.
Do you understand sarcasm??
When they are ready they will..........lol!
They said Q4 2016 or Q1 2017
NEW YORK, September 19, 2016 /PRNewswire/ --
Bank of America and Merrill Lynch are very optimistic that oil prices will soon reach a bottom and begin to head towards a bullish move up through June 2017 due to equities branching out, increase in demand, and decrease in production of oil. As noted by the US equity and quantitative strategist at Bank of America Merrill Lynch, Savita Subramanian, said the bank upgraded its rating performance of energy sector from "Market weight" to "Overweight" and that it will outperform the S&P 500. International Western Petroleum, Inc. (OTCQB: INWP), Exxon Mobil Corporation (NYSE: XOM), , Approach Resources Inc. (NASDAQ: AREX), Range Resources Corp. (NYSE: RRC), Marathon Oil Corporation (NYSE: MRO).
What's charming investors back into the energy sector is the decline in capital spending. Subramanian forecasts that West Texas Intermediate oil futures will rally to $54 a barrel (+17%) by the end of the year, and as much as $69 a barrel (+49%) by June of next year.
Texas-based E&P company, International Western Petroleum, Inc. (OTCQB: INWP) has completed an acquisition of an oil producing field in Kilgore, Texas in the heart of the famous Woodbine formation. The deal was made through a joint venture with Marshall Walden, partnering with Odyssey Enterprises, LLC.
The acquisition involves 8 wellbores. Currently, 4 of them are producing, and the other 4 are inactive. All 8 wellbores are to be active in the near future in order to increase the levels of production. The Woodbine Sand formation exists 120 miles east of downtown Dallas in the heart of East Texas. In that area, the Woodbine Sand is typically found at a depth of approximately 6,000 feet and is frequently oil bearing in East Texas.
International Western Petroleum, Inc. (INWP) CEO Ross Ramsey stated, "This is an acquisition that now puts a solid foundation in place for International Western Petroleum in the East Texas region. This area has wellbores that have been producing since the late 1920s. I am honored to have Odyssey teamed up with us for acquisition opportunities with such a deep route of Texas oil history,"
The world's largest publicly traded international oil and gas company, Exxon Mobil Corporation (NYSE: XOM) had recently pulled out of its multi-billion dollar Liquefied Natural Gas Alaska project and refused to continue working on the next phase of the Liquefied Natural Gas terminal. Exxon believes that it's "one of the least competitive" projects worldwide and has close to no economic logic at current Crude oil and Liquefied Natural Gas prices.
Small cap companies such as Approach Resources Inc. (NASDAQ: AREX) has ascended from their 52 week lows in February at $0.60, all the way to this year's high of $4.35 in September. This rebound was a massive 524% increase in a short matter of time.
In Addition, small cap companies are the ones that generally get hit first and are the first to rally back up stronger. Much bigger companies have made volatile moves as well, but on a much smaller percentage scale. Shares of companies such as Range Resources Corp. (NYSE: RRC) have continued to rally since late February, and Marathon Oil Corporation (NYSE: MRO) increased by 10% since August.
For "The Latest Buzz in Financial News", SIGN UP & Visit: http://www.FinancialBuzz.com
Santa Claus Seemed like a fantastical hope to me when I was 10, you know how that turned out
actually press release said 4:30 eastern
It is much easier to get financing for a PO than for working capital. There are investors that specialize in PO financing.
No offense but if you are worried about loosing 250 then I would not be in the otc market. jmo
Panoro Minerals Announces $5 Million Private Placement Financing with up to $2.6 Million committed by Resource Capital Funds
Print
Alert
Silver Wheaton Corp (Canada) (NYSE:SLW)
Intraday Stock Chart
Today : Monday 8 August 2016
Click Here for more Silver Wheaton Corp (Canada) Charts.
Panoro Minerals Ltd. (TSXV:PML) (Lima:PML) (Frankfurt:PZM) (“Panoro” or the “Company”) is pleased to announce a non-brokered private placement of up to 28,000,000 units at $0.18 per unit for gross proceeds of up to $5,040,000. Each unit is comprised of one common share and one-half share purchase warrant. Each whole share purchase warrant is exercisable at a price of $0.27 per common share for a period of 24 months from the closing date of the financing. The Company reserves the right to issue an overallotment of up to 9,000,000 units for additional gross proceeds of up to $1,620,000. Closing of the financing is subject to all regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued in connection with the financing will bear a four-month restriction on resale from the completion date. Finders fees may be payable in connection with the private placement in such amounts as may be permitted under the policies of the TSXV.
Resource Capital Fund VI L.P. (“RCF VI”) has agreed to subscribe for up to $2.6 million (US$ 2.0 million) of the private placement. RCF VI is managed by RCF Management LLC (together with the funds it manages). Resource Capital Funds (“RCF”) is a group of commonly managed private equity funds, established in 1998 with a mining sector specific investment mandate spanning all hard mineral commodities and geographic regions. Since inception, RCF has supported 150 mining companies, with projects located in 47 countries and across 29 commodities. The sixth fund, Resource Capital Fund VI L.P. (“RCF VI”) with committed capital of $2.04 billion, is now being invested. Further information about RCF can be found on its website (www.resourcecapitalfunds.com).
Panoro also announces that Silver Wheaton will advance another $2.6 million (US$ 2.0 million) subject to certain conditions as per the terms of the Precious Metals Purchase Agreement (the “Cotabambas Early Deposit Agreement”). The Cotabambas Early Deposit Agreement between Panoro Trading (Caymans) Ltd., a wholly-owned subsidiary of Panoro Minerals Ltd., and Silver Wheaton (Caymans) Ltd., a wholly owned subsidiary of Silver Wheaton Corp. ("Silver Wheaton") (TSX:SLW) (NYSE:SLW) in respect of the Cotabambas project located in Peru which was announced on March 21, 2016, and includes provisions to accelerate payments through Silver Wheaton's matching, up to $2.6 million (US$ 2.0 million) in the first year of the agreement, of any third party equity financing by Panoro targeted for exploration or development of the Cotabambas Project. Provisions in the agreement also include acceleration of up to another US$ 1.5 million in the second year of the agreement should Panoro be successful in arranging third party equity financing during that period. This is in addition to the minimum US$ 1.5 million to be advanced in 2017.
Luquman Shaheen, President & CEO of Panoro states, “We are very pleased to be adding RCF as a new strategic shareholder to Panoro Minerals. RCF’s lead order for up to $2.6 million (US$ 2.0 million) of the $5 million private placement is an important vote of confidence in the Company’s work plans at the Cotabambas Project. Following the successful closing of the proposed private placement, together with Silver Wheaton’s acceleration of another $2.6 million (US$ 2.0 million) and including the $2.6 million (US$ 2.0 million) already received from Silver Wheaton, Panoro will have secured $10.2 million in financing in 2016. Panoro, RCF and Silver Wheaton have good alignment on our vision of the very significant growth potential at the Cotabambas Project and the importance of the project’s strategic location in Peru. The newly discovered Chaupec zone presents further upside to Cotabambas’ potential identified in the preliminary economic assessment. We look forward to continuing to add significant value to the Cotabambas Project with the additional investment capital.”
The proceeds from the financing will be used primarily to enhance and expand the Company's Cotabambas Cu/Au/Ag Project, but also for the Company’s Antilla Cu/Mo Project, both located in Peru, and for general working capital.
The Company is planning a work program at the Cotabambas Project to include the following;
Step out drilling to delineate additional oxide mineralization at the Ccalla Deposit together with a metallurgical test program on the oxides in order to assess the potential to add a heap leach and SX/EW component to the project plan;
Metallurgical test program on the hypogene and supergene sulphides, mixed and high-gold oxide mineralization zones to assess the potential for increasing estimated recoveries; and
Geophysical surveys and drilling at the Maria Jose target located to the north side of the Ccalla Deposit to test and delineate high-grade copper mineralization discovered during the Company’s previous mapping, trenching and geochemical sampling work.
About Panoro
Panoro Minerals is a uniquely positioned Peru and copper-focused exploration company. The company is advancing a significant project portfolio in the key Andahuaylas-Yauri belt in south central Peru, including its advanced stage Cotabambas Copper-Gold-Silver-Molybdenum and Antilla Copper-Molybdenum Projects.
Since 2007, the company has completed over 70,000 m of exploration drilling at these two key projects leading to substantial increases in the mineral resource base for each, as summarized in the table below.
Summary of Cotabambas and Antilla Project Resources
Project Resource
Classification Million
tonnes Cu (%) Au (g/t) Ag (g/t) Mo (%)
Cotabambas Cu/Au/Ag Indicated 117.1 0.42 0.23 2.74 0.001
Inferred 605.3 0.31 0.17 2.33 0.002
@ 0.20% CuEq cutoff, effective October 2013, Tetratech
Antilla Cu/Mo Indicated 291.8 0.34 - - 0.01
Inferred 90.5 0.26 - - 0.007
@ 0.175% CuEq cutoff, effective May 2016, Tetratech
Preliminary Economic Assessments (PEA) have been completed for both the Cotabambas and Antilla Projects, the key results are summarized below.
Summary of Cotabambas and Antilla Project PEA Results
Key Project Parameters Cotabambas Cu/Au/Ag Project Antilla Cu/Mo Project
Mill Feed, life of mine million tonnes 483.1 350.4
Mill Feed, daily tonnes 80,000 40,000
Strip Ratio, life of mine 1.25 : 1 0.85 : 1
Before
Tax1 NPV7.5% million USD 1,053 491
IRR % 20.4 22.2
Payback years 3.2 3.3
After
Tax1 NPV7.5% million USD 684 225
IRR % 16.7 15.1
Payback years 3.6 4.1
Annual Average Payable
Metals Cu thousand tonnes 70.5 36.8
Au thousand ounces 95.1 -
Ag thousand ounces 1,018.4 -
Mo thousand tonnes - 0.9
Initial Capital Cost million USD 1,530 603
Project economics estimated at commodity prices of; Cu = $US3.00/lb, Au = $US1,250/oz, Ag = $US18.50/oz, Mo = $US12/lb
The PEAs are considered preliminary in nature and include Inferred Mineral Resources that are considered too speculative to have the economic considerations applied that would enable classification as Mineral Reserves. There is no certainty that the conclusions within the updated PEA will be realized. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
Luis Vela, a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
On behalf of the Board of Panoro Minerals Ltd.
Luquman A. Shaheen, M.B.A., P.Eng., P.E.
President & CEO
FOR FURTHER INFORMATION, CONTACT:
Panoro Minerals Ltd.
Luquman A. Shaheen, President & CEO
Phone: 604.684.4246 Fax: 604.684.4200
Email: info@panoro.com
Web: www.panoro.com
CAUTION REGARDING FORWARD LOOKING STATEMENTS: Information and statements contained in this news release that are not historical facts are “forward-looking information” within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Examples of forward-looking information and statements contained in this news release include information and statements with respect to:
acceleration of payments by Silver Wheaton to match third party financing by Panoro targeted for exploration at the Cotabambas Project
payment by Silver Wheaton of US$140 million in installments
Panoro weathering the current depressed equity and commodity markets, minimizing dilution to existing shareholders and making targeted investments into exploration at the Cotabambas Project
mineral resource estimates and assumptions
the PEA, including, but not limited to, base case parameters and assumptions, forecasts of net present value, internal rate of return and payback;
copper concentrate grade from the Cotabambas Project;
Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. In some instances, material assumptions and factors are presented or discussed in this news release in connection with the statements or disclosure containing the forward-looking information and statements. You are cautioned that the following list of material factors and assumptions is not exhaustive. The factors and assumptions include, but are not limited to, assumptions concerning: metal prices and by-product credits; cut-off grades; short and long term power prices; processing recovery rates; mine plans and production scheduling; process and infrastructure design and implementation; accuracy of the estimation of operating and capital costs; applicable tax and royalty rates; open-pit design; accuracy of mineral reserve and resource estimates and reserve and resource modeling; reliability of sampling and assay data; representativeness of mineralization; accuracy of metallurgical test work; and amenability of upgrading and blending mineralization.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ materially from those expressed or implied by the forward-looking statements, including, without limitation:
risks relating to metal price fluctuations;
risks relating to estimates of mineral resources, production, capital and operating costs, decommissioning or reclamation expenses, proving to be inaccurate;
the inherent operational risks associated with mining and mineral exploration, development, mine construction and operating activities, many of which are beyond Panoro’s control;
risks relating to Panoro’s ability to enforce Panoro’s legal rights under permits or licenses or risk that Panoro’s will become subject to litigation or arbitration that has an adverse outcome;
risks relating to Panoro’s projects being in Peru, including political, economic and regulatory instability;
risks relating to the uncertainty of applications to obtain, extend or renew licenses and permits;
risks relating to potential challenges to Panoro’s right to explore and/or develop its projects;
risks relating to mineral resource estimates being based on interpretations and assumptions which may result in less mineral production under actual circumstances;
risks relating to Panoro’s operations being subject to environmental and remediation requirements, which may increase the cost of doing business and restrict Panoro’s operations;
risks relating to being adversely affected by environmental, safety and regulatory risks, including increased regulatory burdens or delays and changes of law;
risks relating to inadequate insurance or inability to obtain insurance;
risks relating to the fact that Panoro’s properties are not yet in commercial production;
risks relating to fluctuations in foreign currency exchange rates, interest rates and tax rates; and
risks relating to Panoro’s ability to raise funding to continue its exploration, development and mining activities.
This list is not exhaustive of the factors that may affect the forward-looking information and statements contained in this news release. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. The forward-looking information contained in this news release is based on beliefs, expectations and opinions as of the date of this news release. For the reasons set forth above, readers are cautioned not to place undue reliance on forward-looking information. Panoro does not undertake to update any forward-looking information and statements included herein, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Primary Logo
Yes but 20 million in sales is unlike most in the OTC
Nice!!
North Texas Royalty Buyers and Investors Sue Chesapeake Energy over Excessive Fees, Royalty Underpayments
4:35 pm ET July 1, 2016 (PR Newswire) Print
More than 30 business entities and individuals, including Fort Worth's Kimbell Art Foundation, are suing Chesapeake Energy Corp. (NYSE: CHK) based on claims that the company structured a series of contracts in order to receive excessive fees and other charges after the 2009 sale of its Barnett Shale midstream assets.
The lawsuit alleges that Chesapeake's $588 million sale of assets to New York hedge fund Global Infrastructure Partners also was structured to charge unreasonable fees on royalties. The sale included an exclusive 20-year production commitment related to Chesapeake's Barnett Shale midstream gathering assets. In addition, the suit challenges Chesapeake's transportation fees and net royalty interest calculations.
The lawsuit involves oil and gas leases covering more than 5,400 mineral acres and more than 750 producing gas wells in Tarrant, Johnson and Ellis counties.
"Chesapeake structured its midstream asset sale and transportation agreements in such a way that the lessors and royalty owners bore unreasonable costs," says attorney Daniel Charest of Burns Charest LLP in Dallas, who represents the plaintiffs. "My clients only want a fair price for their royalty production. That's what this case is about."
The case is Addax Mineral Funds, et al.v. Chesapeake Operating, LLC, et al., No. DC-16-07867, in the 95th District Court in Dallas.
The attorneys at Burns Charest have years of experience in complex oil and gas royalty disputes in various shale plays across the country, including the Barnett, the Eagle-Ford, the Marcellus and Utica, and the Hanesville. Among other matters, in late 2015, the firm secured a favorable, confidential settlement for members of the Bass family in Fort Worth as part of a separate lawsuit against Chesapeake over unpaid oil and gas royalties in North Texas.
For more information, please contact Sophia Reza at 800-559-4534 or Sophia@androvett.com.
What about the news that came out Friday afternoon??
where the hell do you get off calling people dumb investors? I'm every investment decision you've ever made was spot on!
Hey DW, how do you think my 8/19 $5 calls are looking??
??? on track to double daily volume, hows that low
My two cents.....juice's questions are legit although I feel in no way a concern for the big picture but there is no harm and no foul in questioning anything, if you disagree, fine you have the right to voice your opinion as well but I think some came down hard on him for no legit reason. His concerns could and should be questioned/answered DIPLOMATICALLY. Seems too many kids got participation trophies when they were young. GO RXMD!!!!!!!
Thank you, and for your info (only) I'm holding to the end whatever that may be.
What the eff kinda response is that? None of your dam business what I do with my stock.
Do you have an educated guess on a time frame??
Why do they post monthly revs, most companies do quarterly earnings??
moves without volume mean very little IMO. if you see big swings say on twice the daily ave. then you have something to cheer or jeer about
Hey col, if you don't mind can you PM any details? I can't pm back but if you do thanks in advance. not asking you to do my dd but just if you know something that you wouldn't mind sharing with me.
Mink
My 8/19 $5 calls are looking nice now!!! GO CHK!!
I love your posts, dom't let anyone get to you!