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Lol, what kind of news are you expecting? Would you like them to make some up. There is no news, because there is no news right now. There could be soon though. That is called speculation. Speculation could be right or wrong but does cause volatility.
Got a few more today. Not going big, just a few at a time. If it drops again tomorrow I will take a few more.
Interesting day today.
02/17/2021 Pretivm Lifts COVID-19 Travel Restrictions at Brucejack
https://apnews.com/press-release/globe-newswire/travel-business-lifestyle-public-health-government-business-and-finance-f817f888f1e0c358f142f30f5b1ac566
Well, I broke my plan. Picked up a few more this morning. Just could not resist.
02/10/2021 Presentation https://s21.q4cdn.com/390685383/files/doc_presentations/mcewen_presentation.pdf
This is from Feb 2016 :"Production in 2016 at the Sawn Lake Demonstration Project has reached a steady state
production level over the past six weeks of 600 barrels per day (“BOPD”) (150 BOPD net to
DWOG) with an instantaneous steam-oil ratio (“ISOR”) of 2.2 from the one SAGD well pair.
Production, on a 100% basis, averaged 596 BOPD with an ISOR of 2.2 in January and has
averaged 620 BOPD with an ISOR of 2.1 during the first 21 days of February."
Not true. They can restart what was the test program and be back in production very quickly. They would then build the expansion. I am not saying this is their plan or that they even restart at $60.00. but it could happen. So to say they have a lot of work to do to re-start is questionable. Keep in mind their test program greatly surpassed on both production and steam per barrel. Only one company producing in the Alberta oil sands has comparable numbers. Production for them is not if but when IMHO.
Energy Transfer Announces Expanded Effort Focused on the Development of Alternative Energy Projects
https://ih.advfn.com/stock-market/NYSE/energy-transfer-ET/stock-news/84315382/energy-transfer-announces-expanded-effort-focused
It was always a matter of time until they had an outbreak. Its not like it will end PVG. They will manage the outbreak and life will go on.
Latest Presentation. 02/03/2021 https://puregoldmining.ca/wp-content/uploads/2021/02/PureGold-Corporate-Deck-Feb-3-2021.pdf
I would be also, but I go into a position with am accumulation goal number and very seldom vary from that.
We have so much unused capacity at Black Fox mill. Hopefully they can bring a lot of volume from Froome zone at a decent grade. It eill be a while before that get any production from Grey Fox IMHO
Communication just for the sake of communication is a waste of both time and money. When they have something to communicate they will do so. There are plenty of pump and dump companies but DWOG is not one of them.
What royalties and or streams are tied to these properties? I have been researching three different companies and am not sure. If I remember correctly their royalties range from 2%-2.5%. I dont remember any streams. Is that correct?
Wow, another 30,000,000 shares. I think that makes nearly 43,000,000 in just a month? I off loaded some shares today. I still have a good position, but had to take some off the table.
Today was a high volume day for DWOG. Normally I think the average is around 25K
I now have all the shares that I plan to buy I will now just watch and wait.
Looks like somebody tried to prime this Friday. Laughable. This position has scam written all over it imho.
The problem with this position IMHO is the Silver Wheaton agreement. Am I incorrect, or are they basically giving S Wheaton 25% of their production?
Please enlighten me. I cant seem to find the original agreement to read. I like the project, but it is hard to survive when giving up 90% of 25% = 22.5%
McEwen Mining: Progress Update
January 29 2021 - 06:45AM
https://ih.advfn.com/stock-market/NYSE/mcewen-mining-MUX/stock-news/84201949/mcewen-mining-progress-update
Well, I never expected to get this much profit in this short of time. If it dips below $ again, I will buy again. I am still holding my long term shares, but able to claim the gins on flips as long term capital gains. The best of both worlds.
I am slowly getting back in as of today. Just a nibble here and there.
I dont pay much attention to low volume gains. We ill get there, but it will take some more time IMHO I also think when it jumps, it will be very rapid.
B. Riley FBR, on the other hand, stated in their research note that they expect to see MUX reach a price target of $4.20. The rating they have provided for MUX stocks is “Buy” according to the report published on September 10th, 2019.
ROTH Capital gave a rating of “Buy” to MUX, setting the target price at $3.25 in the report published on December 11th of the previous year.
Yes, the web site is still there. They are not going anywhere. They are patient folks.
Who knows what that idiot might do? I dont think so though. What alternative source of energy does he have. Even if he wanted to it would take years to wean off of oil and gas.
They will not go back into production until the price of oil increases and stabilizes. My guess at $60.00 or more. This is heavy oil (would be selling at a discount to the $60.00) and with the shortage of pipeline capacity their cost for transportation would be higher. The positives are that they have a lot of oil in the ground and one plant already built on the JV property. The short time they were in production they beat their feasibility study by leaps and bounds. They will eventually go back into production,and I have accumulated a lot of shares at these prices. A few years ago I bought a bunch at .05 and sold a bunch of them in the .40.
Yes, I am very familiar with DWOG. The properties are in the swan lake area of northern Alberta, not far from Manning.
I dont really care if it dips again tomorrow. It will come back to 1.00+ very soon imho. If it dips again tomorrow, I will just buy s few more.
Picked up a few more today. I never dreamed I would get more at that price. Did not have many $ free, but I used what I had. More will be freed up Thursday.
Safe enough for me.
Lol, it looks like time for me to buy a few more shares to flip.
Pretivm Achieves Above Mid-Point of 2020 Production Guidance; Significantly Reduces Debt with a ...
https://apnews.com/press-release/globenewswire-mobile/business-public-health-government-business-and-finance-legislature-government-regulations-9b0658b21a525c65aebb56e21352b906
Sounds to me like they are going to go into production.
In December, Ascot closed a US$105 million project financing package with Sprott Private Resource Lending and Beedie Investments for development of Premier and to repay existing outstanding convertible notes. The package included a US$80 million senior credit facility and a US$25 million subordinated convertible facility.
In October, the company signed an agreement for the delivery of semi-autogenous and ball mills to the site, which are required to refurbish the concentrator to re-start Premier. The deliveries are expected around mid-2021.
Later in the video he says around 60,000 meters of drilling results will be added. Should be a substantial amount of gold.
Well, I pulled the trigger a little too soon on that last buy. I still have a good average, but not as good as yours.
Ocado, CMC Markets, Ergomed and Pure Gold Mining among broker's top growth stocks for 2021
https://www.proactiveinvestors.co.uk/companies/news/937801/ocado-cmc-markets-ergomed-and-pure-gold-mining-among-broker-s-top-growth-stocks-for-2021-937801.html
Resource update by end of Q1 adding over 400 holes +50,000 meters of drilling. 2018 resource was used in the feasibility. about 19 minutes into the video linked.