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«...Kerr Mines (KERMF) 0.13 DOWN-0.0176 (-11.92%)
Volume: 7,200 @ 3:38:48 PM EDT ET
Well, these Kerr Mines shares consistently keep dropping... Hmmm?
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/49739-kerr-mines-announces-us-27-6-million-project-financing-and-makes-positive-production-decision.html
https://kerrmines.com WHY?
« ... Sprott Gold Report: Tariff Tension - Trey Reik (02/08/2018)
Sprott Money Aug. 3, 2018 8:08 AM ET https://kerrmines.com/
»... All of a sudden, the leading question with respect to precious metals has become, "Why isn't gold doing better?" After trading in a bullish consolidation pattern for the past 18 months, gold appears to have lost its mojo and is flirting with technical breakdown. Given daily Trump-tariff headlines, shouldn't gold be reacting more positively? In this report, we offer a few thoughts on gold's recent performance.
Perhaps because the gold price is influenced by so many simultaneous variables, the gold conversation is frequently punctuated by protests from one contingent or another that gold is failing to perform as advertised. In recent weeks, apprehensions over an accelerating global trade war have unsettled traditional asset classes. Knee-jerk reasoning suggests any variable so disruptive to broad markets should be lighting a fire under the gold price, right?
Well, it's just not that simple. Without question, the asset class most negatively impacted by President Trump's developing skirmish with China has been commodities. As shown in Figure 1, the Bloomberg Commodity Index (NYSEARCA:BCI) has been under heavy pressure ever since the Trump administration imposed its steel and aluminum tariffs on June 1 (red arrow). Then, when the Treasury Department announced late on July 10 that an additional $200 billion of Chinese imports were being slated for 10% tariffs, commodities rolled off the cliff (red circle).
https://seekingalpha.com/article/4194327-sprott-gold-report-tariff-tension-trey-reik-02-08-2018
http://sprott.com/investment-strategies/physical-bullion-trusts/
I am positive Martin Kostuik and Claudio are ensuring the drills are humming and the engineers are improving and expanding the mine plans etc...!
« ... Sprott Gold Report: Tariff Tension - Trey Reik (02/08/2018)
Sprott Money Aug. 3, 2018 8:08 AM ET https://kerrmines.com/
»... All of a sudden, the leading question with respect to precious metals has become, "Why isn't gold doing better?" After trading in a bullish consolidation pattern for the past 18 months, gold appears to have lost its mojo and is flirting with technical breakdown. Given daily Trump-tariff headlines, shouldn't gold be reacting more positively? In this report, we offer a few thoughts on gold's recent performance.
Perhaps because the gold price is influenced by so many simultaneous variables, the gold conversation is frequently punctuated by protests from one contingent or another that gold is failing to perform as advertised. In recent weeks, apprehensions over an accelerating global trade war have unsettled traditional asset classes. Knee-jerk reasoning suggests any variable so disruptive to broad markets should be lighting a fire under the gold price, right?
Well, it's just not that simple. Without question, the asset class most negatively impacted by President Trump's developing skirmish with China has been commodities. As shown in Figure 1, the Bloomberg Commodity Index (NYSEARCA:BCI) has been under heavy pressure ever since the Trump administration imposed its steel and aluminum tariffs on June 1 (red arrow). Then, when the Treasury Department announced late on July 10 that an additional $200 billion of Chinese imports were being slated for 10% tariffs, commodities rolled off the cliff (red circle).
https://seekingalpha.com/article/4194327-sprott-gold-report-tariff-tension-trey-reik-02-08-2018
http://sprott.com/investment-strategies/physical-bullion-trusts/
« ..."We’ll have an update later today,” Sanders told DC reporters Wednesday. “The president’s going to continue to hold China responsible for its unfair trade practices. This has gone on long enough, and he’s going to do something about it."
There are two ways to look at this. First, there is an old adage in financial markets that says the least anticipated risk by the market is what poses the biggest risk to the market. So are $200 billion of China tariffs a surprise? No. Is going from 10% to 25% a huge surprise? Not really. Will the market correct on the news if the tariff charge more than doubles today? Yes. But we have seen this before. Down 400 one day, up 300 the next.
The worst case scenario is that China is tariffed on everything it exports to the United States or around $500 billion worth of goods.
To date, China has tariffed on at least $50 billion. Beijing has retaliated in kind, with another $50 billion of U.S. imports hit with 25% tariffs at the ports there.
https://www.forbes.com/sites/kenrapoza/2018/08/01/trade-war-update-trump-to-announce-more-china-tariffs/#26a8d4cf5bf0
Hmmm, if the tariffs are increased eventually the Price of Gold will POP imho https://kerrmines.com/
« ..."We’ll have an update later today,” Sanders told DC reporters Wednesday. “The president’s going to continue to hold China responsible for its unfair trade practices. This has gone on long enough, and he’s going to do something about it."
There are two ways to look at this. First, there is an old adage in financial markets that says the least anticipated risk by the market is what poses the biggest risk to the market. So are $200 billion of China tariffs a surprise? No. Is going from 10% to 25% a huge surprise? Not really. Will the market correct on the news if the tariff charge more than doubles today? Yes. But we have seen this before. Down 400 one day, up 300 the next.
The worst case scenario is that China is tariffed on everything it exports to the United States or around $500 billion worth of goods.
To date, China has tariffed on at least $50 billion. Beijing has retaliated in kind, with another $50 billion of U.S. imports hit with 25% tariffs at the ports there.
https://www.forbes.com/sites/kenrapoza/2018/08/01/trade-war-update-trump-to-announce-more-china-tariffs/#26a8d4cf5bf0
Hmmm, if the tariffs are increased eventually the Price of Gold will POP imho https://kerrmines.com/
Trump could raise tariffs on $200 billion in Chinese goods
»... (CNN)The Trump administration plans to raise pending tariffs on $200 billion in Chinese goods to 25% from 10%, a source familiar with discussions confirmed to CNN.
The news was first reported by Bloomberg.
The move, which is not finalized and could change, according to the source, comes as the United States and China remain locked in a trade war. Talks between US and Chinese officials have done little to ease tensions.
The United States has already imposed 25% tariffs on Chinese goods worth $34 billion. China immediately responded with its own tariffs on US goods worth $34 billion.
A second round of tariffs on products worth $16 billion could take effect as soon as this week.
US Trade Representative Robert Lighthizer earlier this month ratcheted up tensionswhen he released a list of thousands of additional Chinese exports worth $200 billion that could face 10% tariffs after a public comment period. It included fruit and vegetables, handbags, refrigerators, rain jackets and baseball gloves.
https://www.cnn.com/2018/07/31/politics/trump-tariffs-china/index.html
How might these varied tariffs impact the price of gold and the markets? http://fortune.com/2018/08/01/trump-china-tariff-escalation/
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-July-2018.pdf
https://kerrmines.com/investors/
Trump could raise tariffs on $200 billion in Chinese goods
»... (CNN)The Trump administration plans to raise pending tariffs on $200 billion in Chinese goods to 25% from 10%, a source familiar with discussions confirmed to CNN.
The news was first reported by Bloomberg.
The move, which is not finalized and could change, according to the source, comes as the United States and China remain locked in a trade war. Talks between US and Chinese officials have done little to ease tensions.
The United States has already imposed 25% tariffs on Chinese goods worth $34 billion. China immediately responded with its own tariffs on US goods worth $34 billion.
A second round of tariffs on products worth $16 billion could take effect as soon as this week.
US Trade Representative Robert Lighthizer earlier this month ratcheted up tensionswhen he released a list of thousands of additional Chinese exports worth $200 billion that could face 10% tariffs after a public comment period. It included fruit and vegetables, handbags, refrigerators, rain jackets and baseball gloves.
https://www.cnn.com/2018/07/31/politics/trump-tariffs-china/index.html
How might these varied tariffs impact the price of gold and the markets? http://fortune.com/2018/08/01/trump-china-tariff-escalation/
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-July-2018.pdf
https://kerrmines.com/investors/
Kerr Mines Inc. (QB) (KERMF) 0.1548 UP 0.0147 (10.49%)
Volume: 2,100 @ 11:56:50 AM EDT ET
Extremely low volume .... UP 10+% https://kerrmines.com
Well, it’s a start!
But down 9% on the TSX in Toronto https://web.tmxmoney.com/company.php?qm_symbol=KER
Presently, FRUSTRATING!
Hmmm? Well in 2020 = $$$
https://m.canadianinsider.com/private-eye/2017-12-18/officer-buying-kerr-mines-ker
« ...Fahad Mohammed Al Tamimi, a Senior Officer and Director, acquired 4,470,763 Common Shares on a direct ownership basis at a price of $0.300 through a prospectus or prospectus exempt offering on December 14th, 2017. This represents a $1,341,229 investment into the company's shares and an account share holdings change of 43.6%.... »
https://quotes.wsj.com/CA/XTSE/KER/company-people/executive-profile/152378013
« ...Fahad Al Tamimi https://kerrmines.com/corporate/
Chairman, Kerr Mines, Inc.
Mr. Fahad Al Tamimi is on the Board of Directors at Power Generation Engineering & Services Co.... »
https://www.pgesco.com
« ...Later in the day, the U.S. Federal Reserve begins a two-day monetary policy meeting. The central bank is widely expected to stand pat on monetary policy, but investors will be paying close attention to the central bank's tone for cues on the pace of further interest rate hikes.
"There's no clear direction for investors to really play on,
and I suppose until there's a bit more clarity from the U.S.
Federal Reserve in particular, I think that's going to remain
the case," ANZ analyst Daniel Hynes
"We could see some support return post the meeting ... I'll be looking for a rebound post the meeting, particularly as they're not as hawkish as they have been," Hynes said.
The U.S. central bank has raised benchmark lending rates twice this year and signalled two more increases by year end.
Higher U.S. rates tend to boost the dollar, making greenback-denominated gold more expensive for holders of other currencies.
"We do not expect any deviation in the Fed's plan ... the precious metal remains heavily skewed towards the downside with upside being largely limited by dollar influences," Benjamin Lu, a commodities analyst at Singapore-based broker Phillip Futures,
said in a note.
Meanwhile, the Bank of England is seen raising rates when it concludes a meeting on Thursday.
Spot gold is biased to fall into a range of $1,206-$1,214 per ounce, according to Reuters technicals analyst Wang Tao... »
« ...Later in the day, the U.S. Federal Reserve begins a two-day monetary policy meeting. The central bank is widely expected to stand pat on monetary policy, but investors will be paying close attention to the central bank's tone for cues on the pace of further interest rate hikes.
"There's no clear direction for investors to really play on,
and I suppose until there's a bit more clarity from the U.S.
Federal Reserve in particular, I think that's going to remain
the case," ANZ analyst Daniel Hynes
"We could see some support return post the meeting ... I'll be looking for a rebound post the meeting, particularly as they're not as hawkish as they have been," Hynes said.
The U.S. central bank has raised benchmark lending rates twice this year and signalled two more increases by year end.
Higher U.S. rates tend to boost the dollar, making greenback-denominated gold more expensive for holders of other currencies.
"We do not expect any deviation in the Fed's plan ... the precious metal remains heavily skewed towards the downside with upside being largely limited by dollar influences," Benjamin Lu, a commodities analyst at Singapore-based broker Phillip Futures,
said in a note.
Meanwhile, the Bank of England is seen raising rates when it concludes a meeting on Thursday.
Spot gold is biased to fall into a range of $1,206-$1,214 per ounce, according to Reuters technicals analyst Wang Tao... »
« ... August’s Gold Market Looks ‘Ready For The Up Cycle’ — Sprott Money... »
« ...(Kitco News) - As August doldrums are rolling in, the gold market might surprise investors on the upside, according to Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.
Gold might have finally found its price bottom after seeing three weeks of consecutive losses, said Sprott during Sprott Money’s Weekly Wrap-Up on Friday.
“We had our ‘wash, rinse and repeat’ and now we are ready for the up cycle,” stated Sprott.
August Comex gold hit a low of $1,217 on Friday and then continued to trade near its 12-month lows following the advance reading of second-quarter GDP that showed the U.S. economy growing 4.1%, which was slightly less than the 4.2% projected by market consensus.
“I think we might have hit a bottom sometime when gold got down to around $1,210 inter-day on Friday,” said Sprott.
http://www.kitco.com/news/2018-07-29/August-s-Gold-Market-Looks-Ready-For-The-Up-Cycle-Sprott-Money.html
« ...We’re not the only gold bugs who’ve shown an interest in Kerr Mines. Precious metals guru Eric Sprott holds a 9.4% position and one thing you can say about Sprott is, he’s a savvy-investor, when it comes to gold stocks.... »
https://financialstrend.com/billionaire-eric-sprott-builds-position-in-gold-mine-34436.html
« ... August’s Gold Market Looks ‘Ready For The Up Cycle’ — Sprott Money... »
« ...(Kitco News) - As August doldrums are rolling in, the gold market might surprise investors on the upside, according to Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.
Gold might have finally found its price bottom after seeing three weeks of consecutive losses, said Sprott during Sprott Money’s Weekly Wrap-Up on Friday.
“We had our ‘wash, rinse and repeat’ and now we are ready for the up cycle,” stated Sprott.
August Comex gold hit a low of $1,217 on Friday and then continued to trade near its 12-month lows following the advance reading of second-quarter GDP that showed the U.S. economy growing 4.1%, which was slightly less than the 4.2% projected by market consensus.
“I think we might have hit a bottom sometime when gold got down to around $1,210 inter-day on Friday,” said Sprott.
http://www.kitco.com/news/2018-07-29/August-s-Gold-Market-Looks-Ready-For-The-Up-Cycle-Sprott-Money.html
« ...We’re not the only gold bugs who’ve shown an interest in Kerr Mines. Precious metals guru Eric Sprott holds a 9.4% position and one thing you can say about Sprott is, he’s a savvy-investor, when it comes to gold stocks.... »
https://financialstrend.com/billionaire-eric-sprott-builds-position-in-gold-mine-34436.html
« ... August’s Gold Market Looks ‘Ready For The Up Cycle’ — Sprott Money... »
« ...(Kitco News) - As August doldrums are rolling in, the gold market might surprise investors on the upside, according to Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.
Gold might have finally found its price bottom after seeing three weeks of consecutive losses, said Sprott during Sprott Money’s Weekly Wrap-Up on Friday.
“We had our ‘wash, rinse and repeat’ and now we are ready for the up cycle,” stated Sprott.
August Comex gold hit a low of $1,217 on Friday and then continued to trade near its 12-month lows following the advance reading of second-quarter GDP that showed the U.S. economy growing 4.1%, which was slightly less than the 4.2% projected by market consensus.
“I think we might have hit a bottom sometime when gold got down to around $1,210 inter-day on Friday,” said Sprott.
http://www.kitco.com/news/2018-07-29/August-s-Gold-Market-Looks-Ready-For-The-Up-Cycle-Sprott-Money.html
« ...We’re not the only gold bugs who’ve shown an interest in Kerr Mines. Precious metals guru Eric Sprott holds a 9.4% position and one thing you can say about Sprott is, he’s a savvy-investor, when it comes to gold stocks.... »
https://financialstrend.com/billionaire-eric-sprott-builds-position-in-gold-mine-34436.html
»...Investors could see steep drops in global stock markets if tensions between China and the United States escalate into a full-blown trade war, analysts at UBS said in a note Friday.
Assuming virtually all trade between U.S.-China is affected by tariffs and other protectionist policies, the Swiss bank calculated that profits for S&P firms would take a 14.6 percent hit, with U.S. and global growth being 245 and 108.5 basis points lower, respectively.
However, the bank noted there would also be second-order effects. These "would be larger, with U.S. multinationals doing business in China also likely to be hurt by China retaliation." Thus, in terms of company valuations, these would take an additional 9.1 percent hit, bringing a total downside of 21.3 percent for the U.S. benchmark after some further adjustments by UBS analysts.
So far this year, President Donald Trump has imposed new tariffs on Chinese solar panels, washing machines, steel and aluminum, as well as on other imported goods for intellectual property theft. China has retaliated every time. However, there are more potential tariffs on the way, with Trump threatening to impose new levies worth as much as $200 billion.
David Riley, the chief investment strategist at BlueBay Asset Management, told CNBC's "Street Signs" Friday: "If I was sitting in Beijing, I would be pretty worried."
"I think we are going to get potentially more tariffs imposed on China coming at the end of the month, or early September," he said.... »
https://www.cnbc.com/2018/07/27/a-china-us-trade-war-would-wipe-20percent-off-the-sp-500-ubs-says.html
https://kerrmines.com/
How might this eventuality impact the Price of Gold and Kerr Shares, along with the global economy?
»...Investors could see steep drops in global stock markets if tensions between China and the United States escalate into a full-blown trade war, analysts at UBS said in a note Friday.
Assuming virtually all trade between U.S.-China is affected by tariffs and other protectionist policies, the Swiss bank calculated that profits for S&P firms would take a 14.6 percent hit, with U.S. and global growth being 245 and 108.5 basis points lower, respectively.
However, the bank noted there would also be second-order effects. These "would be larger, with U.S. multinationals doing business in China also likely to be hurt by China retaliation." Thus, in terms of company valuations, these would take an additional 9.1 percent hit, bringing a total downside of 21.3 percent for the U.S. benchmark after some further adjustments by UBS analysts.
So far this year, President Donald Trump has imposed new tariffs on Chinese solar panels, washing machines, steel and aluminum, as well as on other imported goods for intellectual property theft. China has retaliated every time. However, there are more potential tariffs on the way, with Trump threatening to impose new levies worth as much as $200 billion.
David Riley, the chief investment strategist at BlueBay Asset Management, told CNBC's "Street Signs" Friday: "If I was sitting in Beijing, I would be pretty worried."
"I think we are going to get potentially more tariffs imposed on China coming at the end of the month, or early September," he said.... »
https://www.cnbc.com/2018/07/27/a-china-us-trade-war-would-wipe-20percent-off-the-sp-500-ubs-says.html
https://kerrmines.com/
How might this eventuality impact the Price of Gold and Kerr Shares, along with the global economy?
Where are these Kerr Mine shares headed next and will the expansive golden Footwall zone, Blue Pearls and the South West Target be loaded with HighGrade GOLD?
« ...Kerr Mines: Was kann da noch kommen?
« ... Die vorliegende Analyse beschäftigt sich mit der Aktie Kerr Mines, die im Segment "Gold" geführt wird. Die Aktie schloss den Handel am 25.07.2018 an ihrer Heimatbörse Toronto mit 0,2 CAD.
Auf Basis von insgesamt 6 Bewertungskriterien haben wir eine Einschätzung zum aktuellen Niveau für Kerr Mines entwickelt. Auf jeder Stufe erhält das Unternehmen die Bewertung "Buy", "Hold" bzw. "Sell". Daraus resultiert in einer abschließenden Gewichtung die Gesamtnote.
1. Technische Analyse: Eine Betrachtung der charttechnischen Entwicklung einer Aktie mithilfe des gleitenden Durchschnitts kann dazu genutzt werden, den aktuellen Trend des Wertpapiers zu ermitteln. Schauen wir uns den gleitenden Durchschnitt des Schlusskurses der Kerr Mines-Aktie aus den letzten 200 Handelstagen an. Dieser Wert beträgt aktuell 0,25 CAD. Damit liegt der letzte Schlusskurs (0,2 CAD) deutlich darunter (Unterschied -20 Prozent). Wir bewerten die Aktie auf dieser Basis damit als "Sell" Wie sieht diese Rechnung aus, wenn man den gleitenden Durchschnitt auf Basis der letzten 50 Handelstage bestimmt? Dieser beträgt aktuell 0,21 CAD, daher liegt der letzte Schlusskurs auf ähnlicher Höhe (-4,76 Prozent). Dies bedeutet, dass sich auf dieser kurzfristigeren Analysebasis ein anderes Rating für Kerr Mines ergibt, die Aktie erhält eine "Hold"-Bewertung. Die Kerr Mines-Aktie wird für die einfache Charttechnik in Summe somit mit einem "Hold"-Rating versehen.
2. Branchenvergleich Aktienkurs: Kerr Mines erzielte in den vergangenen 12 Monaten eine Performance von -13,64 Prozent. Ähnliche Aktien aus der "Metals & Mining"-Branche sind im Durchschnitt um 4,62 Prozent gestiegen, was eine Underperformance von -18,26 Prozent im Branchenvergleich für Kerr Mines bedeutet. Der "Materials"-Sektor hatte eine mittlere Rendite von 4,62 Prozent im letzten Jahr. Kerr Mines lag 18,26 Prozent unter diesem Durchschnittswert. Die Unterperformance sowohl im Branchen- als auch im Sektorvergleich führt zu einem "Sell"-Rating in dieser Kategorie.... »
http://www.aktiencheck.de/analysen/Artikel-Kerr_Mines_duerfte_so_richtig_spannend_werden-8776249
Maddog, let’s hope you are right and if $o...$$$ €€€ ¥¥¥ . https://kerrmines.com
https://www.streetwisereports.com/article/2018/07/19/gold-miner-signs-letter-to-fund-copperstone-gold-development-and-production.html
« .... David Thomas– VP Projects/Mine GM Kerr Mines
? 30 years of mine building and operations experience including 5 underground gold projects with Newmont, Bema Gold (Kinross), Teck and others
? EPCM Manager for Newmont (worldwide) and Nordgold (Russia and Africa), EVP of Comstock Mining in Nevada
Michael R. Smith – Exploration and Development
? 38 years exploration and geology, Chief Mine Geologist, Barrick’s Goldstrike mine. Led the Arizona Vulture Gold Mine back into production. Executed 20 exploration projects adding $9 billion in gold resource value alone
BS Geology Arizona State and MS Geology Mackay School of Mines
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-July-2018.pdf
« ...WHY INVEST IN KERR MINES NOW
DISCOUNTED TO PEERS
• EBITDA US$22M (C$30M) of EBITDA
• At a conservative 6 - 8x EBITDA target ~ market cap $180M - 240M
MULTIPLE DRIVERS OF VALUE IN THE NEXT 12 MONTHS
• CAPEX financing complete
• Resource expansion program
• Straightforward Project Execution
• Commence gold mining
• Cashflow positive
STRATEGIC PREMIUM
• Significant M&A opportunities to consolidate single asset gold producers
https://kerrmines.com/
« .... David Thomas– VP Projects/Mine GM Kerr Mines
? 30 years of mine building and operations experience including 5 underground gold projects with Newmont, Bema Gold (Kinross), Teck and others
? EPCM Manager for Newmont (worldwide) and Nordgold (Russia and Africa), EVP of Comstock Mining in Nevada
Michael R. Smith – Exploration and Development
? 38 years exploration and geology, Chief Mine Geologist, Barrick’s Goldstrike mine. Led the Arizona Vulture Gold Mine back into production. Executed 20 exploration projects adding $9 billion in gold resource value alone
BS Geology Arizona State and MS Geology Mackay School of Mines
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-July-2018.pdf
« ...WHY INVEST IN KERR MINES NOW
DISCOUNTED TO PEERS
• EBITDA US$22M (C$30M) of EBITDA
• At a conservative 6 - 8x EBITDA target ~ market cap $180M - 240M
MULTIPLE DRIVERS OF VALUE IN THE NEXT 12 MONTHS
• CAPEX financing complete
• Resource expansion program
• Straightforward Project Execution
• Commence gold mining
• Cashflow positive
STRATEGIC PREMIUM
• Significant M&A opportunities to consolidate single asset gold producers
https://kerrmines.com/
« .... David Thomas– VP Projects/Mine GM Kerr Mines
? 30 years of mine building and operations experience including 5 underground gold projects with Newmont, Bema Gold (Kinross), Teck and others
? EPCM Manager for Newmont (worldwide) and Nordgold (Russia and Africa), EVP of Comstock Mining in Nevada
Michael R. Smith – Exploration and Development
? 38 years exploration and geology, Chief Mine Geologist, Barrick’s Goldstrike mine. Led the Arizona Vulture Gold Mine back into production. Executed 20 exploration projects adding $9 billion in gold resource value alone
BS Geology Arizona State and MS Geology Mackay School of Mines
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-July-2018.pdf
« ...WHY INVEST IN KERR MINES NOW
DISCOUNTED TO PEERS
• EBITDA US$22M (C$30M) of EBITDA
• At a conservative 6 - 8x EBITDA target ~ market cap $180M - 240M
MULTIPLE DRIVERS OF VALUE IN THE NEXT 12 MONTHS
• CAPEX financing complete
• Resource expansion program
• Straightforward Project Execution
• Commence gold mining
• Cashflow positive
STRATEGIC PREMIUM
• Significant M&A opportunities to consolidate single asset gold producers
https://kerrmines.com/
« .... David Thomas– VP Projects/Mine GM Kerr Mines
? 30 years of mine building and operations experience including 5 underground gold projects with Newmont, Bema Gold (Kinross), Teck and others
? EPCM Manager for Newmont (worldwide) and Nordgold (Russia and Africa), EVP of Comstock Mining in Nevada
Michael R. Smith – Exploration and Development
? 38 years exploration and geology, Chief Mine Geologist, Barrick’s Goldstrike mine. Led the Arizona Vulture Gold Mine back into production. Executed 20 exploration projects adding $9 billion in gold resource value alone
BS Geology Arizona State and MS Geology Mackay School of Mines
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-July-2018.pdf
« ...WHY INVEST IN KERR MINES NOW
DISCOUNTED TO PEERS
• EBITDA US$22M (C$30M) of EBITDA
• At a conservative 6 - 8x EBITDA target ~ market cap $180M - 240M
MULTIPLE DRIVERS OF VALUE IN THE NEXT 12 MONTHS
• CAPEX financing complete
• Resource expansion program
• Straightforward Project Execution
• Commence gold mining
• Cashflow positive
STRATEGIC PREMIUM
• Significant M&A opportunities to consolidate single asset gold producers
https://kerrmines.com/
« ....US $ 27.6 million financing in two tranches, US $ 19.6 million in August 2018 and US$8 million in July 2019
The Company will deliver to Pandion a total of approximately 95,000 ounces over a 40 month period. However, no gold shall be deliverable by the Company during the first 22
Pandion will pay the Company the market price of delivered gold less a specified discount per ounce. In addition, Pandion will participate in a portion of any increase in the price of gold.
All other production from the Copperstone will be sold at the market price.
Additionally, Pandion would have the option to elect at any time to receive common shares of Kerr Mines Inc., at a price of $0.40 per share, in lieu of delivery of up to 10,000 ounces of gold, subject to the prior approval of the TSX.
Kerr will retain the right to buy out and terminate the Agreement at any time... »
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/49739-kerr-mines-announces-us-27-6-million-project-financing-and-makes-positive-production-decision.html
« ....US $ 27.6 million financing in two tranches, US $ 19.6 million in August 2018 and US$8 million in July 2019
The Company will deliver to Pandion a total of approximately 95,000 ounces over a 40 month period. However, no gold shall be deliverable by the Company during the first 22
Pandion will pay the Company the market price of delivered gold less a specified discount per ounce. In addition, Pandion will participate in a portion of any increase in the price of gold.
All other production from the Copperstone will be sold at the market price.
Additionally, Pandion would have the option to elect at any time to receive common shares of Kerr Mines Inc., at a price of $0.40 per share, in lieu of delivery of up to 10,000 ounces of gold, subject to the prior approval of the TSX.
Kerr will retain the right to buy out and terminate the Agreement at any time... »
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/49739-kerr-mines-announces-us-27-6-million-project-financing-and-makes-positive-production-decision.html
« ... Finally, Kerr Mines (TSX:KER), signed a letter of intent with Pandion Mine Finance for US$27.6 million to fund the development and production of gold at the Copperstone mine by Q4 2019.
The financing is subject to the execution of a prepaid forward gold agreement with an anticipated initial tranche of US$19.6 million. It is set to take place in August 2018, and a second tranche of US$8 million will happen in July 2019.
As mentioned, the proceeds will be used to bring the Copperstone mine into production by Q4 2019. Additionally, the company will begin a 2018 drilling program that will convert a significant proportion of measured, indicated and inferred resources into proven and probable resources.
“With this funding arrangement now in place, we are highly focused on continuing to create shareholder value and are now able to turn our attention to achieving our next targets — production in 2019, expansion of resources and mine life,” said Claudio Ciavarella, CEO at Kerr..... »
https://investingnews.com/daily/resource-investing/precious-metals-investing/precious-metals-weekly-gold-up-trump-comment/
https://kerrmines.com
« ... Finally, Kerr Mines (TSX:KER), signed a letter of intent with Pandion Mine Finance for US$27.6 million to fund the development and production of gold at the Copperstone mine by Q4 2019.
The financing is subject to the execution of a prepaid forward gold agreement with an anticipated initial tranche of US$19.6 million. It is set to take place in August 2018, and a second tranche of US$8 million will happen in July 2019.
As mentioned, the proceeds will be used to bring the Copperstone mine into production by Q4 2019. Additionally, the company will begin a 2018 drilling program that will convert a significant proportion of measured, indicated and inferred resources into proven and probable resources.
“With this funding arrangement now in place, we are highly focused on continuing to create shareholder value and are now able to turn our attention to achieving our next targets — production in 2019, expansion of resources and mine life,” said Claudio Ciavarella, CEO at Kerr..... »
https://investingnews.com/daily/resource-investing/precious-metals-investing/precious-metals-weekly-gold-up-trump-comment/
https://kerrmines.com
« ... Finally, Kerr Mines (TSX:KER), signed a letter of intent with Pandion Mine Finance for US$27.6 million to fund the development and production of gold at the Copperstone mine by Q4 2019.
The financing is subject to the execution of a prepaid forward gold agreement with an anticipated initial tranche of US$19.6 million. It is set to take place in August 2018, and a second tranche of US$8 million will happen in July 2019.
As mentioned, the proceeds will be used to bring the Copperstone mine into production by Q4 2019. Additionally, the company will begin a 2018 drilling program that will convert a significant proportion of measured, indicated and inferred resources into proven and probable resources.
“With this funding arrangement now in place, we are highly focused on continuing to create shareholder value and are now able to turn our attention to achieving our next targets — production in 2019, expansion of resources and mine life,” said Claudio Ciavarella, CEO at Kerr..... »
https://investingnews.com/daily/resource-investing/precious-metals-investing/precious-metals-weekly-gold-up-trump-comment/
« .... Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) recently announced the signing of a Letter of Intent with Pandion Mine Finance for US$27.6 million to fund the development and production of gold at the Copperstone Mine by Q4/19.
The financing is subject to the execution of a Prepaid Forward Gold Agreement. Additionally, there is an anticipated initial tranche of US$19.6 million targeted for August 2018 and a second tranche of US$8 million in July 2019. It has been anticipated that Pandion will sign a Definitive Agreement in August 2018; the proceeds from it will be mostly used to fund the Copperstone Mine into production by Q4/19.
"After careful review of the financing options available, we are pleased to select Pandion Mine Finance as our funding partner. We believe the terms of this financing are competitive and create value for our shareholders. It is another key milestone that our team has achieved in just over a year since taking the helm of the Company," explained Claudio Ciavarella, the CEO of Kerr Mines.
The 2018 drilling program will be started by the company to convert a significant proportion of Measured, Indicated and Inferred Resource into Proven and Probable to extend the mine life and cash flows.
Some key highlights of the agreement are that Kerr will deliver to Pandion a total of approximately 95,000 ounces over a 40 month period. However, no gold shall be deliverable by the company during the first 22 months. Another is that all other production from the Copperstone will be sold at the market price. In addition, Pandion would have the option to elect at any time to receive common shares of Kerr Mines at a price of $0.40 per share, in lieu of delivery of up to 10,000 ounces of gold, subject to the prior approval of the TSX.
https://www.streetwisereports.com/article/2018/07/19/gold-miner-signs-letter-to-fund-copperstone-gold-development-and-production.html
https://kerrmines.com/
« .... Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) recently announced the signing of a Letter of Intent with Pandion Mine Finance for US$27.6 million to fund the development and production of gold at the Copperstone Mine by Q4/19.
The financing is subject to the execution of a Prepaid Forward Gold Agreement. Additionally, there is an anticipated initial tranche of US$19.6 million targeted for August 2018 and a second tranche of US$8 million in July 2019. It has been anticipated that Pandion will sign a Definitive Agreement in August 2018; the proceeds from it will be mostly used to fund the Copperstone Mine into production by Q4/19.
"After careful review of the financing options available, we are pleased to select Pandion Mine Finance as our funding partner. We believe the terms of this financing are competitive and create value for our shareholders. It is another key milestone that our team has achieved in just over a year since taking the helm of the Company," explained Claudio Ciavarella, the CEO of Kerr Mines.
The 2018 drilling program will be started by the company to convert a significant proportion of Measured, Indicated and Inferred Resource into Proven and Probable to extend the mine life and cash flows.
Some key highlights of the agreement are that Kerr will deliver to Pandion a total of approximately 95,000 ounces over a 40 month period. However, no gold shall be deliverable by the company during the first 22 months. Another is that all other production from the Copperstone will be sold at the market price. In addition, Pandion would have the option to elect at any time to receive common shares of Kerr Mines at a price of $0.40 per share, in lieu of delivery of up to 10,000 ounces of gold, subject to the prior approval of the TSX.
https://www.streetwisereports.com/article/2018/07/19/gold-miner-signs-letter-to-fund-copperstone-gold-development-and-production.html
https://kerrmines.com/
« ...Kerr Mines (TSX: KER; US-OTC: KERMF) has agreed to a US$27.6 million prepaid forward gold financing with Pandion Mine Finance to fund its past producing Copperstone gold mine in Arizona through development and into production.
Kerr will sell Pandion 95,000 oz. gold at spot price less a discount within 40 months. It says it will not deliver Pandion any gold during the deal’s first 22 months.
Pandion will finance Kerr in two tranches. The US$19.6 million first trance will close in August; the US$8 million second tranche will close July 2019.
Copperstone produced nearly half a million oz. gold between 1987 and 1993. The open pit mine still has lots of infrastructure, including a power line and substation, three water wells, offices and a tailings facility, processing facility and mill. It is fully permitted. ... »
http://www.northernminer.com/fast-news/fast-news-kerr-funds-copperstone-gold-mine-revival-with-us27-6m-financing/1003797750/
https://kerrmines.com/KERR/kerr-mines-announces-us27-6-million-project-financing-and-makes-positive-production-decision.pdf
https://mailchi.mp/26d9eac33c1a/kerr-mines-announces-us276-million-project-financing-and-makes-positive-production-decision
https://kerrmines.com/kerr-mines-announces-us27-6-million-project-financing-and-makes-positive-production-decision/
Read more at http://www.stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=28336320#dVTmHgA4ic6P347W.99
« ...Kerr Mines (TSX: KER; US-OTC: KERMF) has agreed to a US$27.6 million prepaid forward gold financing with Pandion Mine Finance to fund its past producing Copperstone gold mine in Arizona through development and into production.
Kerr will sell Pandion 95,000 oz. gold at spot price less a discount within 40 months. It says it will not deliver Pandion any gold during the deal’s first 22 months.
Pandion will finance Kerr in two tranches. The US$19.6 million first trance will close in August; the US$8 million second tranche will close July 2019.
Copperstone produced nearly half a million oz. gold between 1987 and 1993. The open pit mine still has lots of infrastructure, including a power line and substation, three water wells, offices and a tailings facility, processing facility and mill. It is fully permitted. ... »
http://www.northernminer.com/fast-news/fast-news-kerr-funds-copperstone-gold-mine-revival-with-us27-6m-financing/1003797750/
https://kerrmines.com/KERR/kerr-mines-announces-us27-6-million-project-financing-and-makes-positive-production-decision.pdf
https://mailchi.mp/26d9eac33c1a/kerr-mines-announces-us276-million-project-financing-and-makes-positive-production-decision
https://kerrmines.com/kerr-mines-announces-us27-6-million-project-financing-and-makes-positive-production-decision/
Read more at http://www.stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=28336320#dVTmHgA4ic6P347W.99
« ...After careful review of the financing options available, we are pleased to select Pandion Mine Finance as our funding partner”, stated Claudio Ciavarella, CEO Kerr Mines Inc “We believe the terms of this financing are competitive and create value for our shareholders. It is another key milestone that our team has achieved in just over a year since taking the helm of the Company. With this funding arrangement now in place, we are highly focused on continuing to create shareholder value and are now able to turn our attention to achieving our next targets – production in 2019, expansion of resources and mine life ” continued Ciavarella.
The highlights of the Agreement are:
• US$27.6 million financing in two tranches, US$19.6 million in August 2018 and US$8 million in July 2019
• The Company will deliver to Pandion a total of approximately 95,000 ounces over a 40 month period. However, no gold shall be deliverable by the Company during the first 22 months.
• Pandion will pay the Company the market price of delivered gold less a specified discount per ounce. In addition, Pandion will participate in a portion of any increase in the price of gold.
• All other production from the Copperstone will be sold at the market
• Additionally, Pandion would have the option to elect at any time to receive common shares of Kerr
Mines Inc., at a price of $0.40 per share, in lieu of delivery of up to 10,000 ounces of gold, subject to
the prior approval of the TSX.
• Kerr will retain the right to buy out and terminate the Agreement at any time... »
https://kerrmines.com/KERR/kerr-mines-announces-us27-6-million-project-financing-and-makes-positive-production-decision.pdf
https://mailchi.mp/26d9eac33c1a/kerr-mines-announces-us276-million-project-financing-and-makes-positive-production-decision
https://kerrmines.com/kerr-mines-announces-us27-6-million-project-financing-and-makes-positive-production-decision/
Read more at http://www.stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=28336320#dVTmHgA4ic6P347W.99
« ...After careful review of the financing options available, we are pleased to select Pandion Mine Finance as our funding partner”, stated Claudio Ciavarella, CEO Kerr Mines Inc “We believe the terms of this financing are competitive and create value for our shareholders. It is another key milestone that our team has achieved in just over a year since taking the helm of the Company. With this funding arrangement now in place, we are highly focused on continuing to create shareholder value and are now able to turn our attention to achieving our next targets – production in 2019, expansion of resources and mine life ” continued Ciavarella.
The highlights of the Agreement are:
• US$27.6 million financing in two tranches, US$19.6 million in August 2018 and US$8 million in July 2019
• The Company will deliver to Pandion a total of approximately 95,000 ounces over a 40 month period. However, no gold shall be deliverable by the Company during the first 22 months.
• Pandion will pay the Company the market price of delivered gold less a specified discount per ounce. In addition, Pandion will participate in a portion of any increase in the price of gold.
• All other production from the Copperstone will be sold at the market
• Additionally, Pandion would have the option to elect at any time to receive common shares of Kerr
Mines Inc., at a price of $0.40 per share, in lieu of delivery of up to 10,000 ounces of gold, subject to
the prior approval of the TSX.
• Kerr will retain the right to buy out and terminate the Agreement at any time... »
https://kerrmines.com/KERR/kerr-mines-announces-us27-6-million-project-financing-and-makes-positive-production-decision.pdf
https://mailchi.mp/26d9eac33c1a/kerr-mines-announces-us276-million-project-financing-and-makes-positive-production-decision
https://kerrmines.com/kerr-mines-announces-us27-6-million-project-financing-and-makes-positive-production-decision/
Read more at http://www.stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=28336320#dVTmHgA4ic6P347W.99
Pandion is a mining-focused investment firm backed by MKS PAMP Group and Ospraie Management, LLC that provides flexible financing solutions to developing mining
Read more at :
http://www.stockhouse.com/news/press-releases/2018/07/18/kerr-mines-announces-us-27-6-million-project-financing-and-makes-positive
http://pandionmetals.co
Thank you kindly,
« ...
JOSEPH ARCHIBALD
Co-Founder & Partner
Prior to co-founding Pandion, Mr. Archibald most recently served as a Senior Vice President in the Precious Metals group of Jefferies LLC, Director at Deutsche Bank, and Senior Vice President at HSBC. Mr. Archibald has a 20 year background in commodities covering every aspect of prepay and strategic hedging transactions including business development, deal origination, analysis, structuring, due diligence, and documentation.
Mr. Archibald received his BS in Finance from Sacred Heart University in 1995 and his MBA from New York University in 2001.
RYAN BYRNE
Co-Founder & Partner
Prior to co-founding Pandion, Mr. Byrne most recently served as the Global Head of Precious Metals for Jefferies LLC and Head of Base Metals Americas for Jefferies LLC. Prior to his 4 years with Jefferies, Mr. Byrne served as Global Head of Precious Metals at Prudential Financial. Mr. Byrne has a 21-year background in metals covering most aspects of the precious metals industry. Mr. Byrne launched the Prepaid Metal Mine Finance business at Jefferies in 2012. Mr. Byrne’s responsibilities included oversight of all aspects of the Precious Metals business including metals finance, business development, market / operational / credit risk, technology development and new business initiatives.
Mr. Byrne received his BA in History from Boston College in 1994 and his MBA from New York University in 2003.
Imho, Kerr Mines is seriou$ly going to payoff for all investors involved!
Read more at http://www.stockhouse.com/companies/bullboard?symbol=t.ker&postid=28333096#olzCFCGXWmxKxzg0.99
Pandion is a mining-focused investment firm backed by MKS PAMP Group and Ospraie Management, LLC that provides flexible financing solutions to developing mining
Read more at :
http://www.stockhouse.com/news/press-releases/2018/07/18/kerr-mines-announces-us-27-6-million-project-financing-and-makes-positive
http://pandionmetals.co
Thank you kindly,
« ...
JOSEPH ARCHIBALD
Co-Founder & Partner
Prior to co-founding Pandion, Mr. Archibald most recently served as a Senior Vice President in the Precious Metals group of Jefferies LLC, Director at Deutsche Bank, and Senior Vice President at HSBC. Mr. Archibald has a 20 year background in commodities covering every aspect of prepay and strategic hedging transactions including business development, deal origination, analysis, structuring, due diligence, and documentation.
Mr. Archibald received his BS in Finance from Sacred Heart University in 1995 and his MBA from New York University in 2001.
RYAN BYRNE
Co-Founder & Partner
Prior to co-founding Pandion, Mr. Byrne most recently served as the Global Head of Precious Metals for Jefferies LLC and Head of Base Metals Americas for Jefferies LLC. Prior to his 4 years with Jefferies, Mr. Byrne served as Global Head of Precious Metals at Prudential Financial. Mr. Byrne has a 21-year background in metals covering most aspects of the precious metals industry. Mr. Byrne launched the Prepaid Metal Mine Finance business at Jefferies in 2012. Mr. Byrne’s responsibilities included oversight of all aspects of the Precious Metals business including metals finance, business development, market / operational / credit risk, technology development and new business initiatives.
Mr. Byrne received his BA in History from Boston College in 1994 and his MBA from New York University in 2003.
Imho, Kerr Mines is seriou$ly going to payoff for all investors involved!
Read more at http://www.stockhouse.com/companies/bullboard?symbol=t.ker&postid=28333096#olzCFCGXWmxKxzg0.99
« ... Kerr Mines was looking to breathe new life into their brand, starting with a refreshed website. A new modern colour palette and typeface were chosen, as well as bold, eye-catching imagery.
Agency: NATIONAL Public Relations... »
https://www.abbycohoe.com/recent-work/kerr-mines
https://cuavsinc.ca/about-canadian-uav-solutions-inc/
https://kerrmines.com/
Agreed, when the POG slightly climbs and more positive drill results are released regarding the Copperstone Gold mine.
https://timesofindia.indiatimes.com/business/india-business/gold-buying-picks-up-in-india-on-low-prices/articleshow/64986382.cms
« ... Kerr Mines was looking to breathe new life into their brand, starting with a refreshed website. A new modern colour palette and typeface were chosen, as well as bold, eye-catching imagery.
Agency: NATIONAL Public Relations... »
https://www.abbycohoe.com/recent-work/kerr-mines
https://cuavsinc.ca/about-canadian-uav-solutions-inc/
https://kerrmines.com/
Kerr Mines & the Copperstone Mine are on the CUSP of Success
Having to wait for the price of gold to POP and further detailed drill results from the Copperstone golden footwall etc is just part of the game...
Frustrating but not insurmountable imho
Kerr Mines & the Copperstone Mine are on the CUSP of Success
Having to wait for the price of gold to POP and further detailed drill results from the Copperstone golden footwall etc is just part of the game...
Frustrating but not insurmountable imho
“... New York (CNN)The Trump administration is readying another round of tariffs on Chinese goods worth $200 billion, ramping up the US-China trade war.
Trade Representative Robert Lighthizer on Tuesday released a list of additional goods that could face 10% tariffs after a public comment period. It includes seafood, fruit and vegetables, yarn, wool, rain jackets and baseball gloves.
The move comes after the United States imposed 25% tariffs on Chinese goods worth $34 billion last Friday. Beijing immediately responded with its own tariffs on US goods worth $34 billion.
Tuesday's action makes good on a threat President Donald Trump made last month. He directed Lighthizer to identify $200 billion in Chinese goods for tariffs if China retaliated against US penalties that are meant to punish the country for intellectual property theft.
https://www.cnn.com/2018/07/10/politics/ustr-new-china-tariffs-trump/index.html
“...If the Fed reverses its path, the dollar is going to get smoked: The dollar is a global wrecking ball,” he added. In its place, he suggested traders turn to gold and silver as safe haven bid if things spin out of hand, saying the metals could see a 20 percent rally if the Fed decides to back away from its hawkish tone as in 2015 and 2016....”
https://www.cnbc.com/2018/07/06/where-investors-should-hide-out-during-a-trade-war.html