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Gold development PDAC
DATE Monday, March 4, 2019
LOCATION
Room 801A
3:45 PM - 4:00 PM
Kerr Mines Inc. https://www.pdac.ca/convention/programming/corporate-presentation-forum-for-investors/sessions/corporate-presentation-forum-for-investors/gold-development
https://cambridgehouse.com/vancouver-resource-investment-conference?gclid=EAIaIQobChMI0cars5fZ3wIVEyhpCh0FXgMsEAAYASAAEgKGHvD_BwE
Well, I am pleased that at least PDAC posted this regarding KERR MINES...
”.... Apple Is Not the Only Problem
Although the news from Apple sent the stock sharply lower, other news may have also played a big role in dragging the broader markets down. On Thursday, the latest reading on ISM manufacturing sank to its lowest level in two years. Although a reading of 54.1 still indicates expansion, the rate of expansion is sharply slower. A recent article from cnbc.com quoted Timothy Fiore, Chair for the Institute of Supply Management, as saying: "Comments from the panel reflect continued expanding business strength, but at much lower levels. Demand softened, with the New Orders Index retreating to recent low levels, the Customers' Inventories Index remaining too low — a positive heading into the first quarter of 2019 — and the Backlog of Orders declining to a zero-expansion level."
The weaker-than-expected ISM report is just another in a string of manufacturing data that has shown increasingly weaker conditions.
At a time when there are already serious concerns over the health of the global economy, any further weakness in the sector could fuel significant risk aversion as fears of recession take center stage.
“...Market Reaction
The gold market saw more safe-haven buying interest yesterday as it approaches the $1,300 per ounce level. The market is seeing some profit-taking today, however, as a stellar jobs report and some reassurances from Fed Chief Jerome Powell lift stocks. In early action, the spot gold price is down $7.74/oz at $1284.06. The market is already well-off its session lows, however, as buyers appear quite comfortable stepping in to buy the dip....”
https://goldprice.org/news/gold-prices-could-continue-uptrend-economic-concerns-mount
“...About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. This gold project in Arizona demonstrates tremendous exploration potential targeting multi-million ounce prospects within a 4,775 hectare (11,800 acres) land package.
About Sprott Inc.
Sprott is an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in Canada, the US and Asia, the company is dedicated to providing investors with best-in-class investment strategies that include Exchange Listed Products, Alternative Asset Management and Private Resource Investments. The company also operates Merchant Banking and Brokerage businesses in both Canada and the US. Sprott is based in Toronto with offices in New York, Carlsbad and Vancouver and its common shares are listed on the Toronto Stock Exchange under the symbol (TSX:SII). For more information, please visit www.sprottinc.com....”
https://globenewswire.com/news-release/2018/11/28/1658063/0/en/Kerr-Mines-Closes-Oversubscribed-Private-Placement-and-Convertible-Note-Financing-From-Sprott-Lending.html
https://www.bnnbloomberg.ca/gold-miners-are-laughing-through-the-best-rally-in-a-decade-1.1193063
https://kerrmines.com/
”.... Apple Is Not the Only Problem
Although the news from Apple sent the stock sharply lower, other news may have also played a big role in dragging the broader markets down. On Thursday, the latest reading on ISM manufacturing sank to its lowest level in two years. Although a reading of 54.1 still indicates expansion, the rate of expansion is sharply slower. A recent article from cnbc.com quoted Timothy Fiore, Chair for the Institute of Supply Management, as saying: "Comments from the panel reflect continued expanding business strength, but at much lower levels. Demand softened, with the New Orders Index retreating to recent low levels, the Customers' Inventories Index remaining too low — a positive heading into the first quarter of 2019 — and the Backlog of Orders declining to a zero-expansion level."
The weaker-than-expected ISM report is just another in a string of manufacturing data that has shown increasingly weaker conditions.
At a time when there are already serious concerns over the health of the global economy, any further weakness in the sector could fuel significant risk aversion as fears of recession take center stage.
“...Market Reaction
The gold market saw more safe-haven buying interest yesterday as it approaches the $1,300 per ounce level. The market is seeing some profit-taking today, however, as a stellar jobs report and some reassurances from Fed Chief Jerome Powell lift stocks. In early action, the spot gold price is down $7.74/oz at $1284.06. The market is already well-off its session lows, however, as buyers appear quite comfortable stepping in to buy the dip....”
https://goldprice.org/news/gold-prices-could-continue-uptrend-economic-concerns-mount
“...About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. This gold project in Arizona demonstrates tremendous exploration potential targeting multi-million ounce prospects within a 4,775 hectare (11,800 acres) land package.
About Sprott Inc.
Sprott is an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in Canada, the US and Asia, the company is dedicated to providing investors with best-in-class investment strategies that include Exchange Listed Products, Alternative Asset Management and Private Resource Investments. The company also operates Merchant Banking and Brokerage businesses in both Canada and the US. Sprott is based in Toronto with offices in New York, Carlsbad and Vancouver and its common shares are listed on the Toronto Stock Exchange under the symbol (TSX:SII). For more information, please visit www.sprottinc.com....”
https://globenewswire.com/news-release/2018/11/28/1658063/0/en/Kerr-Mines-Closes-Oversubscribed-Private-Placement-and-Convertible-Note-Financing-From-Sprott-Lending.html
https://kerrmines.com/
Nagoya, I have no news ... It is horrific how the Great Basin Gold GBGLF shareholders were treated... Burnstone still exists the gold still exists... It is being mined...
By The Way, Why did the court case collapse in 2017?
https://www.pressreader.com/canada/stockwatch-daily/20170112/281483571072397
http://www.insolvencies.deloitte.ca/Documents/Brief%20of%20Fact%20and%20Law%20filed%20March%201,%202016.pdf
« ...
14. The Company’s most significant remaining asset is the Burnstone property, located in
Balfour, Mpumalanga, South Africa, (the “Burnstone Property”), which is a producing
gold mine.
15. The Receiver has established a website at http://cfcanada.fticonsulting.com/GBGL (the
“Receiver’s Website”) at which the Receiver posts periodic updates on the progress of the receivership, together with copies of court orders, motion materials and reports filed in the receivership.
16. In addition, the Receiver has created a dedicated email address, gbgl@fticonsulting.com, and a dedicated telephone number, 416-649-8047, which creditors, employees, interested parties and other stakeholders can use to contact the Receiver.
17. On July 5, 2013 the Receiver sent notice of the appointment of the Receiver to the Superintendent, and all known creditors in accordance with section 245 of the Bankruptcy and Insolvency Act.
18. There were no employees and no unpaid wages in respect of GBGL at the Appointment Date and therefore no filing was made in respect of the Wage Earner Protection Program Act.
19. On September 16, 2013 the Ontario Securities Commission issued an Order that ceased all trading in the securities of Great Basin Gold Limited. A copy of the Order as well as a notice was posted on the Receiver’s Website.... »
http://cfcanada.fticonsulting.com/GBGL/docs/GBGL%20First%20Report%20of%20the%20Receiver.pdf
How billionaire Investors Are Protecting Their Wealth
« ... Sprott Physical Bullion Trusts
http://sprott.com/investment-strategies/physical-bullion-trusts/
How billionaire Investors Are Protecting Their Wealth
« ... Sprott Physical Bullion Trusts
http://sprott.com/investment-strategies/physical-bullion-trusts/
“... Gold Price Near $1,300 Following Weak US Manufacturing Industry Report
The ISM Purchasing Manufacturer’s Index slipped over 5% for December, lower than anticipated. The Institute for Supply Management report shows continued growth at 54.1%, but at “much lower levels”.
Key Takeaways
The index dropped from 59.3% to 54.1% compared to the forecast 57.7%.
The ISM chair described the downward movement as a sharp decline from the month before.
All main components of the index showed decline, led by new orders.
This sharp 5.2 point drop has only been exceeded twice since the turn of the century.
https://goldprice.org/news/gold-price-near-%241300-following-weak-us-manufacturing-industry-report
https://kerrmines.com
“... Gold Price Near $1,300 Following Weak US Manufacturing Industry Report
The ISM Purchasing Manufacturer’s Index slipped over 5% for December, lower than anticipated. The Institute for Supply Management report shows continued growth at 54.1%, but at “much lower levels”.
Key Takeaways
The index dropped from 59.3% to 54.1% compared to the forecast 57.7%.
The ISM chair described the downward movement as a sharp decline from the month before.
All main components of the index showed decline, led by new orders.
This sharp 5.2 point drop has only been exceeded twice since the turn of the century.
https://goldprice.org/news/gold-price-near-%241300-following-weak-us-manufacturing-industry-report
https://kerrmines.com
FRC Fair Value Estimate: $0.49 per share
“... Sid Rajeev, B.Tech, MBA, CFA Head of Research
Week of November 13, 2018
“...Project Financing of up to US$25M for Kerr Mines from Sprott
Kerr Mines Inc. (TSX: KER / Share Price: $0.125 per share/ FRC Fair Value Estimate: $0.49 per share):
Announcement: On November 6, 2018, Kerr announced a potential financing arrangement with Sprott Private Resource Lending (TSX: SII), wherein Sprott could provide financing of up to US$25 million to fund development of the Copperstone mine.
? Phase 1 (expected be completed this month) - US$2 million / 9% senior redeemable convertible note repayable within 18 months
? Phase 1 (expected be completed this month) - US$2 million senior gold loan facility repayable within 18 months
? Phase 2 (expected be completed by June 2019) - US$21 million senior project loan facility repayable within 48 months...”
https://www.researchfrc.com/website/wp-content/uploads/2018/11/AIW-11-13-2018-main.pdf
FRC Fair Value Estimate: $0.49 per share
“... Sid Rajeev, B.Tech, MBA, CFA Head of Research
Week of November 13, 2018
“...Project Financing of up to US$25M for Kerr Mines from Sprott
Kerr Mines Inc. (TSX: KER / Share Price: $0.125 per share/ FRC Fair Value Estimate: $0.49 per share):
Announcement: On November 6, 2018, Kerr announced a potential financing arrangement with Sprott Private Resource Lending (TSX: SII), wherein Sprott could provide financing of up to US$25 million to fund development of the Copperstone mine.
? Phase 1 (expected be completed this month) - US$2 million / 9% senior redeemable convertible note repayable within 18 months
? Phase 1 (expected be completed this month) - US$2 million senior gold loan facility repayable within 18 months
? Phase 2 (expected be completed by June 2019) - US$21 million senior project loan facility repayable within 48 months...”
https://www.researchfrc.com/website/wp-content/uploads/2018/11/AIW-11-13-2018-main.pdf
https://globenewswire.com/news-release/2018/12/21/1677583/0/en/Kerr-Mines-Announces-Results-of-2018-Annual-Meeting.html
Wishing the Kerr Team Happy New Year but these shares are in the doldrums ...
They need to start climbing fast imho
https://globenewswire.com/news-release/2018/12/21/1677583/0/en/Kerr-Mines-Announces-Results-of-2018-Annual-Meeting.html
Wishing the Kerr Team Happy New Year but these shares are in the doldrums ...
They need to start climbing fast imho
AGM is in Toronto, ON the 20th of December @ 11am via the Sheraton Centre Toronto Hotel
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-December-2018.pdf
Great work KERR Team!
Happy New Year!
GoldenPolarBear
PS Merry Christmas!
AGM is in Toronto, ON the 20th of December @ 11am via the Sheraton Centre Toronto Hotel
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-December-2018.pdf
Great work KERR Team!
Happy New Year!
GoldenPolarBear
PS Merry Christmas!
PepsiMan Thanks, AGM is in Toronto, ON the 20th of December @ 11am via the Sheraton Centre Toronto Hotel
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-December-2018.pdf
Great work KERR Team!
Happy New Year!
GoldenPolarBear
AGM is in Toronto, ON the 20th of December @ 11am via the Sheraton Centre Toronto Hotel
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-December-2018.pdf
Great work KERR Team!
Happy New Year!
GoldenPolarBear
FYI Kerr Mines AGM is in Toronto on December 20th @ 11 am via the Sheraton Centre Toronto Hotel in the Huron Meeting Room, 123 Queen Street West, Toronto, Ontario
FYI Kerr Mines AGM is in Toronto on December 20th @ 11 am via the Sheraton Centre Toronto Hotel in the Huron Meeting Room, 123 Queen Street West, Toronto, Ontario
Outlook for GOLD prices in 2019
https://www.kitco.com/news/2018-12-14/Charts-Suggest-Constructive-Outlook-for-Gold-Prices-in-2019.html
Kerr Mines AGM-December 20th-@11am at Sheraton Hotel in Toronto
Huron Meeting Room
123 Queen Street East, Toronto, Ontario Canada
https://www.investorx.ca/search/00003818/kerr-mines-inc
Annual General Meeting
Kerr Mines AGM-December 20th-@11am at Sheraton Hotel in Toronto
Huron Meeting Room
123 Queen Street East, Toronto, Ontario Canada
https://www.investorx.ca/search/00003818/kerr-mines-inc
Annual General Meeting
https://m.canadianinsider.com/node/7?ticker=KER
Kerr Mines Insider trading 2018
https://m.canadianinsider.com/node/7?ticker=KER
”...CEO Claudio Ciavarella of Kerr Mines Inc., (OTCQB: KERMF) joins the show to discuss details of gold production at the Copperstone Mine project in LaPaz County, Arizona.
https://upticknewswire.com/interview-ceo-claudio-ciavarella-of-kerr-mines-inc-otcqb-kermf/
”...CEO Claudio Ciavarella of Kerr Mines Inc., (OTCQB: KERMF) joins the show to discuss details of gold production at the Copperstone Mine project in LaPaz County, Arizona.
https://upticknewswire.com/interview-ceo-claudio-ciavarella-of-kerr-mines-inc-otcqb-kermf/
“...Macy's Thanksgiving Day Parade 2018: What is the annual New York City pageant and how did it start?
https://www.independent.co.uk/news/world/americas/macys-thanksgiving-day-parade-2018-what-is-time-history-start-new-york-city-tv-a8642481.html
Gotta love Thanksgiving? Unless u r a turkey? LOL
“...Macy's Thanksgiving Day Parade 2018: What is the annual New York City pageant and how did it start?
https://www.independent.co.uk/news/world/americas/macys-thanksgiving-day-parade-2018-what-is-time-history-start-new-york-city-tv-a8642481.html
Gotta love Thanksgiving? Unless u r a turkey? LOL
« ...Adding two exploration licenses totalling 541 hectares (1,331 acres)
« ... REGIONAL EXPLORATION – SCALE POTENTIAL https://kerrmines.com/
• Highly prospective11,800 acre land package
• SouthWest Target–geophysical signature identical to Copperstone and Blue Pearls , supported by previous drilling indicating identical geology, inclination, width and grade to Copperstone
• NorthEast “BluePearl” Geophysical targets– significant strength and similar size to the geophysical anomaly under the Copperstone Orebody. The blue indicates a uniformly magnetic rock with a very slow change in magnetic field. No previous drilling
• Adding two exploration licenses totalling 541 hectares (1,331 acres)
https://www.kitco.com/news/2018-11-13/Gold-Prices-Suffer-As-Investor-Fears-Remain-Low-Degussa.html
Well, not until 2020 Q1.... A delay .... Hmmm...
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-November-2018.pdf
Please note just updated on InvestorX and Sedar KERR Management discussion, Updated Interim Filings and even Condensed Interim Consolidated Financial Statements etc....
https://www.investorx.ca/search/00003818/kerr-mines-inc
Please note just updated on InvestorX and Sedar KERR Management discussion, Updated Interim Filings and even Condensed Interim Consolidated Financial Statements etc....
https://www.investorx.ca/search/00003818/kerr-mines-inc
« .... Kerr Mines announces Project Financing with Sprott Private Resource Lending... »
« ...TORONTO, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce it has received investment committee approval from and executed a term sheet with Sprott Private Resource Lending (Collector) LP (“Sprott”), setting out the indicative terms upon which Sprott is prepared, subject to certain conditions including satisfactory due diligence, to provide up to US$25 million of senior secured project financing (the “Financing Package”) to fund the development and production of gold at the Copperstone Mine.
The Highlights of the Financing Package include:
US$2 million senior redeemable convertible note (the “Note”) with an 9% coupon repayable 18 months after closing
US$2 million senior gold loan facility (the “Gold Loan”) repayable 18 months after closing
US$21 million senior project loan facility (the “Project Facility”) repayable 48 months after closing
The Company will also raise US$2 million in equity as working capital
In order to align with the Company’s current strategic and development plans for the Copperstone Mine, the proposed financing has been structured to be completed and advanced in two main phases, an initial phase of US$4 million (“Phase 1”) , which is targeted to be completed on or about November 23, 2018 subject to mutually satisfactory documentation and other customer conditions precedent; and a second phase of US$21 million which is targeted to be completed on or about June 30, 2019 (“Phase 2”).... »
http://www.sprott.com/
https://kerrmines.com/
http://www.stockhouse.com/news/press-releases/2018/11/06/kerr-mines-announces-project-financing-with-sprott-private-resource-lending
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/54415-kerr-mines-announces-project-financing-with-sprott-private-resource-lending.html
Maddog The KERR AGM will be worth the visit and if I can find the the time... $$$
« .... Kerr Mines announces Project Financing with Sprott Private Resource Lending... »
« ...TORONTO, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce it has received investment committee approval from and executed a term sheet with Sprott Private Resource Lending (Collector) LP (“Sprott”), setting out the indicative terms upon which Sprott is prepared, subject to certain conditions including satisfactory due diligence, to provide up to US$25 million of senior secured project financing (the “Financing Package”) to fund the development and production of gold at the Copperstone Mine.
The Highlights of the Financing Package include:
US$2 million senior redeemable convertible note (the “Note”) with an 9% coupon repayable 18 months after closing
US$2 million senior gold loan facility (the “Gold Loan”) repayable 18 months after closing
US$21 million senior project loan facility (the “Project Facility”) repayable 48 months after closing
The Company will also raise US$2 million in equity as working capital
In order to align with the Company’s current strategic and development plans for the Copperstone Mine, the proposed financing has been structured to be completed and advanced in two main phases, an initial phase of US$4 million (“Phase 1”) , which is targeted to be completed on or about November 23, 2018 subject to mutually satisfactory documentation and other customer conditions precedent; and a second phase of US$21 million which is targeted to be completed on or about June 30, 2019 (“Phase 2”).... »
http://www.sprott.com/
https://kerrmines.com/
http://www.stockhouse.com/news/press-releases/2018/11/06/kerr-mines-announces-project-financing-with-sprott-private-resource-lending
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/54415-kerr-mines-announces-project-financing-with-sprott-private-resource-lending.html
KERR Mines Inc. Formerly BONANZA EXPLORATIONS, INC.
COPPERSTONE MINE
La Paz County, Arizona
Updated MINE PLAN OF OPERATIONS 2018
https://eplanning.blm.gov/epl-front-office/projects/nepa/113841/156473/191541/Bonanza_Explorations_Inc_MPO_08.30.18.pdf
Great, well over 100 people will eventually be employed at Copperstone... Impressive ! IMHO https://kerrmines.com/
https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2018/11/02/Gold-Forecast-Mid-Term-Election-May-Provide-Catalyst-for-Topside-Breakout.html
Maddog, this MPO might give us a good clue about what Kerr is going to share with us on December 20th... I wish I could go to the KERR AGM in Toronto but I have a prior commitment...
I am starting to believe that KERR shares will = $$$ in late 2019
KERR Mines Inc. Formerly BONANZA EXPLORATIONS, INC.
COPPERSTONE MINE
La Paz County, Arizona
Updated MINE PLAN OF OPERATIONS 2018
https://eplanning.blm.gov/epl-front-office/projects/nepa/113841/156473/191541/Bonanza_Explorations_Inc_MPO_08.30.18.pdf
Great, well over 100 people will eventually be employed at Copperstone... Impressive ! IMHO https://kerrmines.com/
https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2018/11/02/Gold-Forecast-Mid-Term-Election-May-Provide-Catalyst-for-Topside-Breakout.html
« ...Gold prices rise to six-year high on festival season demand
« Bullion traders said persistent buying by ornament makers, triggered by upcoming festival and wedding season demand lifted gold prices... »
« ... New Delhi: Gold strengthened for the sixth straight week and gathered further grounds to hit an almost six-year high of Rs 32,780 and ended at Rs 32,650 per 10 gram at the bullion market, amid pick-up in buying activity ahead of Diwali.
Silver, however, lacked necessary buying support and shed some grounds.
Bullion traders said persistent buying by ornament makers, triggered by upcoming festival and wedding season demand lifted gold prices to an almost six-year high of Rs 32,780 per 10 gram.
Globally, gold after moving both ways, ended the week a shade lower at $1,233.20 an ounce, against previous week’s $1,233.80. Silver, too, ended almost flat at $14.82 an ounce.... »
https://www.livemint.com/Money/aqbV9EnkHwqxtrzr52bfQI/Gold-prices-rise-silver-rates-gain-on-festival-season-deman.html
https://kerrmines.com/
BTW Maddog, thank you for posting Claudio’s note... It is not something I personally subscribe to.... I don’t like when anyone forwards my personal emails, BUT it did cause me to load up a little on Friday $o ....? On Dec 20th at the Kerr AGM in Toronto $ ???
« ...Gold prices rise to six-year high on festival season demand
« Bullion traders said persistent buying by ornament makers, triggered by upcoming festival and wedding season demand lifted gold prices... »
« ... New Delhi: Gold strengthened for the sixth straight week and gathered further grounds to hit an almost six-year high of Rs 32,780 and ended at Rs 32,650 per 10 gram at the bullion market, amid pick-up in buying activity ahead of Diwali.
Silver, however, lacked necessary buying support and shed some grounds.
Bullion traders said persistent buying by ornament makers, triggered by upcoming festival and wedding season demand lifted gold prices to an almost six-year high of Rs 32,780 per 10 gram.
Globally, gold after moving both ways, ended the week a shade lower at $1,233.20 an ounce, against previous week’s $1,233.80. Silver, too, ended almost flat at $14.82 an ounce.... »
https://www.livemint.com/Money/aqbV9EnkHwqxtrzr52bfQI/Gold-prices-rise-silver-rates-gain-on-festival-season-deman.html