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Thanks AT, I've been out since 2015, did not know of all these alleged changes since then and was a bit bewildered to see all the new traffic on the old board. It's interesting though, that their website doesn't work and there seem to be no press releases regarding this restructuring you speak of. You can see by my old posts how bullish I was for years and might begin to understand my bias and how tarnished this companies reputation had become. I won't be coming back onboard again, but I hope you are right and it works out for everyone involved. GLTA
Except to illustrate what a complete P&D SCAM this stock is and am not too surprised to see that the pumpers are at it again with this companies worthless properties and empty promises. Was in with these shysters early on for 4 years....am very familiar with ALL their shenanigans, BUYER BEWARE!
Lake Victoria Enters Agreement with Sprout TZ to Grow Some of Africa's Finest Coffee and Greg Hill Joins the Board
LVCA | January 6, 2016
Vancouver, British Columbia (FSCwire) - Lake Victoria Mining Company (OTCBB:LVCA) is pleased to announce that it has entered a Letter Agreement with Sprout TZ Inc. (Sprout) that provides an option for the Company to acquire up to an eight percent (8%) ownership interest in Sprout.
Sprout is a private company that has access to acquire arable land in Tanzania, East Africa for the cultivation of Arabica and Robusta coffee. Sprout has a unique business and marketing model for the worldwide sale of coffee plants and coffee bean production. Sprout has the potential ability to positively effect the existing coffee growing industry in Tanzania that is 90% comprised of small scale farmers. The Company forecasts achieving revenues in excess of $30 million during its first five years of operations.
The terms of the Letter Agreement allow for proper due diligence to be conducted by both companies with a closing date set for February 15, 2016. The agreement provides Lake Victoria with three incremental options to acquire up to a total of eight percent of Sprout’s current issued and outstanding share capital in exchange for an aggregate total of 30,000,000 common shares of Lake Victoria. Several directors of Lake Victoria are also shareholders of Sprout.
Roger Newell, Lake Victoria’s Chairman said “Coffee isn’t gold but it is the second largest traded commodity in the world next to oil. With China and India now starting to become coffee drinkers this could be perfect timing for us to diversify our portfolio. Worldwide coffee is a rapidly expanding market and we have the opportunity to get involved in Tanzania, a country that we are very familiar with, and where we have been operating for more than nine years. The average coffee plant produces a new crop every year for 50 years or more which gives us the potential to enjoy a sustainable and long term cash flow.”
President and CEO, David Kalenuik is pleased to welcome and announce the addition of Greg Hill as a new member of the Board of Directors. Greg comes to us with a very successful background in financial advisory and business development consulting and we look forward to his contributions toward our success. In addition to joining the Board of Directors, Mr. Hill will also become the Chairman of the Audit Committee.
Greg Hill is President of Englewood Capital, LLC which provides investment capital and financial advisory and consulting services. Previously he was CFO of Geovic Mining Corp, a public exploration company with international mineral projects in Africa, North America and Asia. Earlier in his career he had assignments in corporate and international project finance for natural resources with Phillips Petroleum Co. and Freeport, (now Freeport-McMoRan Inc.). He received a B.Sc. from MIT and an MBA from the Harvard Business School.
Readers are encouraged to visit the “LVCA Media Room” on the Company’s corporate website for informational audios and videos about ongoing developments in the Company and for more information about Sprout visit www.sprouttz.com.
http://www.stockhouse.com/companies/bullboard?symbol=lvca
La Mancha announces the investment of US$125.7 million in Golden Star Resources and the creation of a strategic partnership
http://www.stockhouse.com/news/press-releases/2018/08/01/la-mancha-announces-the-investment-of-us-125-7-million-in-golden-star-resources
Short interest just decreased a whopping -39% in the last two weeks of June. Dropping from 12.609M to a new low of 7.738M just 2% of float.
http://shortsqueeze.com/?symbol=gss&submit=Short+Quote%E2%84%A2
European Gold Forum Video Sam Coetzer Presenting:
http://www.europeangoldforum.org/egf18/company-webcast/GSS:US/
Good luck.
Golden Star (GSS) Doubles Inferred Mineral Resources at Wassa Underground Gold Mine
At just .62 cents...really?
https://ih.advfn.com/p.php?pid=nmona&article=77167747
Never intended on buying, already have a full boat, just having a little fun.
I also got the memo.
Thank you, good to hear, say hi for me on FB!
Is The Cork still with us or did he pass? I never read anything definitive.
I contend:
2017 H1 GDXJ re-balance and concurrent PM smackdown was a coordinated attack on miners to destroy sector sentiment and turn over 100's of millions of shares to shorts and certain manipulating entities.
GSS stock is a loser, whomever is holding it down has destroyed this stock, I'm out first chance I get!
Down again on yet another ER beat...what a performer! I guess good companies don't always make good stocks.
Good news, EPS/Revenue beat expectations, 2017 FY revenue 315M, 2018 earnings growth, positive CC, yet it has bearish resistance? How is this possible, high grade gold discoveries, lower AISC, production and earnings up, a PE of 7 and yet the stock is down? Where is the SEC for the artificial volume being sold off to keep the stock price down. Lessor miners are up and GSS continues to slide. Never a bounce, rebound or recovery, always held withing .005, crazy bid/asks out of nowhere, this is a huge problem, they sure don’t have investor sentiment in mind!
Not if we continue to be held down, we won't even see a half penny gain today, probably close red.
Golden Star reports further high grade drilling results from Wassa Underground
http://www.stockhouse.com/news/press-releases/2018/02/14/golden-star-reports-further-high-grade-drilling-results-from-wassa-underground
It is rapidly becoming my most hated!
What happened was Fed, CB and insider buying with both hands and feet all day today, stock indexes aren’t even allowed to mildly correct without massive intervention. Tomorrow...Dow 27,500 and a few more Billions for the insiders, just like nothing ever happened.
Triple double flip quad bottom I think.
I gave up years ago speculating on explorers with no producing mine or revenue, NAK is a poster child example of why.
NAK @.97...OUCH!
Golden Star Achieves Commercial Production at Prestea Underground Gold Mine
TORONTO, Feb. 1, 2018
TORONTO, Feb. 1, 2018 /PRNewswire/ - Golden Star Resources (NYSE American: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") is pleased to announce that commercial production has been achieved at its Prestea Underground Gold Mine ("Prestea Underground") in Ghana, effective as of today.
The project construction of Prestea Underground, including the installation of all ancillary infrastructure, is complete and operational and gold production is anticipated to continue to ramp up during 2018.
The West Reef ore body of Prestea Underground has Proven and Probable Mineral Reserves of 1.09 million tonnes of gold at 13.93 grams per tonne of gold.1 Exploration drilling is underway at the mine with the objective of increasing the annual production rate and extending the mine life.
Full year 2018 production guidance for the Prestea complex (including Prestea Underground and the Prestea Open Pits) is 93,000-113,000 ounces of gold at a cash operating cost per ounce2 of $740-880.
Sam Coetzer, President and Chief Executive Officer of Golden Star, commented:
"Achieving commercial production at Prestea Underground is an important milestone in Golden Star's transformation into a high grade, margin-focused gold producer. It is also a significant historical moment for the Prestea community as it has been over 15 years since the mine was previously in commercial production. I would like to thank our host communities for their continued support during the construction and commissioning periods ."
Notes:
1. Numbers are derived from the Company's Mineral Reserves and Mineral Resources estimate as
of December 31, 2016.
2. For additional information regarding the non-GAAP financial measures used by the Company, please refer
to the heading "Non-GAAP Financial Measures" in the Company's Management Discussion and Analysis of
Financial Condition and Results of Operations for the full year ended December 31, 2016, which is available
at www.sedar.com
As previously announced, Golden Star will release its results for the full year and fourth quarter of 2017 after market-close on February 20, 2018.
Company Profile:
Golden Star is an established gold mining company that owns and operates the Wassa and Prestea mines in Ghana, West Africa. Listed on the NYSE American, the Toronto Stock Exchange and the Ghanaian Stock Exchange, Golden Star is focused on delivering strong margins and free cash flow from its two high grade, low cost underground mines. Gold production guidance for 2018 is 230,000-255,000 ounces at a cash operating cost per ounce of $650-730. As the winner of the PDAC 2018 Environmental and Social Responsibility Award, Golden Star is committed to leaving a positive and sustainable legacy in its areas of operation.
http://www.stockhouse.com/news/press-releases/2018/02/01/golden-star-achieves-commercial-production-at-prestea-underground-gold-mine#JpzL1HOms7Uk4Pxe.99
I like this one.
One thing about Trump though, he can take anything they can dish out...I want to see him get pissed and really start to drain the swamp...we've seen nothing yet...f**k'em!
Absolutely laughable and criminal at how they are letting the market tank ahead of Trump's SOTU address tonight...so predictable, any other day we would be seeing a V shaped recovery already.
Thank you, I guess I don't really understand the whole shorting process, does this mean the shorts doing the selling think the price will further decline, and if not, they will try to drive it down themselves?
What I meant is your sentence as typed made no sense, what is "letting longs to load" suppose mean?
This makes no sense.
It should have been "ripping" already...down again today with gold up $20 WTF is wrong with this POS, why and who is holding it down? Getting VERY impatient with this BS price action, pps is lower than 1 year ago, now with gold $100 plus higher, 3 very profitable quarters/ER beats and heading into another major ER beat, WTF is going on?
BT, Yeah those 1/19 calls are excellent, I made the mistake of buying a couple hundred 2/18 calls instead, 6 months ago (very cheap) thinking GSS @ $1 by then was a lock...should have paid more for the 1/19's...oops.
Some other fresh comments in the GSS Seeking Alpha article.
https://seekingalpha.com/article/4138659-golden-star-resources-production-dropping-like-rock
Found this from August S/A on AKG, today's level looks like a continuation of the shorting downwards, GSS is in MUCH better shape...I think I'll stay put.
Asanko Gold Is Cratering And The Reasons Are Compelling
https://seekingalpha.com/article/4096799-asanko-gold-cratering-reasons-compelling
BT, In response to the reduced production guidance for 2018, I would say this:
I don't get, everybody is all excited about Asanko Gold AKG, a very similar open pit miner also in Ghana with Q4 expected to miss. GSS has higher grades, higher production, higher revenue, lower AISC, almost 1/2 their debt, 2 underground mines with no rainy season risk and they are solidly priced above GSS and on the move. The only difference I can see is the outstanding share count 203M vs 376M.
Posting volume on this board resembles the excruciatingly slow movement of this stock ;/
Thank you, srm4u, Great article and Grant Williams video, too bad most of this falls on deaf ears, we will have our day!
But But But The Economy Is GROWING...NOT!
There's a line in "Leverage" that you need to always keep in mind -- because it's always true:
Behind every unit of economic output is a unit of energy.
This is fact. It has always been fact and always will be fact.
It is why I have long advocated, going back to my days running MCSNet, that for honest GDP statistics we need to measure it in some sort of SI unit such as Joules of energy and not "Dollars", "Euros" or similar because you cannot manipulate SI units.
Energy use has risen in the United States all the way up until just before the crash in 2008.
But energy use has not moved up appreciably since with one exception -- a reflexive move in 2010.
No, this is not due to "renewables"; renewable energy sources (e.g. wind, solar, etc) are still energy. The fact is that the total consumption reached a peak in the United States in 2007 and has declined since. It was up in rebound in 2010, decreased in 2011 and 2012, increased somewhat in 2013 and then has stalled for the last three years.
Yet we hear claims of the "great economy" and, of course, the booming stock market.
But the facts are that since 2008 there has been only a sputtering actual economic recovery -- in 2010 -- and the economy has been hovering around zero since.
I have pointed this out repeatedly in that the Debt To The Penny series does not lie; every dollar of additional federal debt is by definition unbacked and thus is inflation. The so-called "official numbers", whether in PCE or CPI are lies. The emission of credit into the economy is mathematical fact and with it subtracted back out there has been no net GDP expansion worth considering "real" at all.
The energy picture confirms that this is correct.
Instead what you have had since 2010 is the largest valuation bubble -- across the board -- in the history of the United States and perhaps in the world at large.
It will end.
It must, because despite all the screaming, despite all the "MAGA" nonsense, despite all the claims nothing has reignited the marker that is behind every unit of GDP that has ever been created and ever will be in the future.
Seven years you have watched this bubble expand at an ever-increasing rate.
It will not just pop.
It will explode.
https://market-ticker.org/akcs-www?post=232757
I agree, I just continue to be angered at Sessions and the rest of the "good ol boys" priorities and ongoing lack of "rule of Law" enforcement, you and I would have already been indicted, tried and imprisoned for these disregarded federal crimes.