Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
All AH. Gonna be back up by open I'm sure since that's the game now.
OT, you mean like the parties he had with Epstein? That kind of not being a pedophile?
OT: another one of the good guys. *HIGH FIVE*
Gap at 24250 on INDU and 2900 on SPX. Think we fill them today?
Still churning through sellers. Gotta get them outta the way.
LOL! I've never felt like a genius. ;o)
I would think down after moving that high, but KABOOM could be taken both ways. *SHRUG*
I know you don't like people just asking questions for answers without doing the work themselves so I understand if you're not willing to give the answer.
FREE GIL out today...
Abraplata Resource Corp
I may have mentioned Abraplata (ANRA/ABBRF) in the E-letter some time ago, but it's an entirely different story now, and a much stronger one. First, this is a South America asset heavy play primarily in Argentina and Chile. Some people are scared of Argentina and have been burned there before (including me). But, much of the risks lie in specific provinces, which is key. In addition, the Argentina government has been very clear recently that they want to support and grow their mining industry, which is quite small compared to their oil/gas sector, for example.
Nationalizing mines at this stage wouldn't get them much, so I'm not concerned about that anytime soon. The destruction of the Argentine Peso (again), is a tailwind for US/Canadian companies, because labor and costs are cheap. In addition, very recently we're seeing the big boys like Barrick enter the same province (Salta), that Abraplata's flagship Diabillos asset is in. The size of the project Barrick is earning into, is 1/10th the size of Diabillos! Barrick even highlighted the "mining friendly" Salta Province in their 2019 annual report.
But here is why I LOVE AbraPlata at this price, and at this stage of their development. First, Diabillos has had over $50M CAD/$35m USD spent on it already with nearly 500 holes drilled. The deposit is already large and past the PEA stage. The 2018 PEA, which I expect to be significantly enhanced later this year after fresh drilling, shows just under 10M ounces of silver equivalent production annually. They have 140m ounces of Ag equivalent or 1.7M AU equivalent ounces and it trades at barely a $15 million USD market cap!
The stock closed yesterday at .085 CDN, which means you can look at it two ways. First, it's undervalued at this stage just for the gold ounces, which would be approx $24 an ounce in the ground, and then you also get 80 million ounces of silver for free! Or, on a silver equivalent basis, buy the ounces in the ground at 6 and a half cents per Oz, when their peer group trades at an average of 3X that number!
Now, at a $1,300 an ounce gold price (!) and $20 silver, with a 7.5% discount rate, Diabillos has an after tax NPV of $212 Million and an IRR of 30%. That's on 8 years of 136,000 gold equivalent ounces produced annually. ABRA isn't even trading for 1/10th of their after tax NPV! Plus, this deposit is growing impressively. The last round of drilling in Q1 produced some excellent results including 7 meters of 20 gpt gold and 200 gpt silver. Then, 17.5m of over 600 gpt silver and another huge hole that hit 15m of 5.1% Copper (!), 2.35 gpt gold, and 658 gpt silver.
Moving Forward
The company will be closing a $2m financing any day and will get the drills ready for another round at Diabillos in about 30 days. The follow up targets are exceptional, and I expect more very compelling intercepts to roll out early in the summer. This stock should already be trading 3-4X higher than it is right now! This is an advanced project that has big upside and will, in my view, attract a major to buy it or JV with Abraplata.
Interestingly, Abraplata's two largest shareholders are Altius Minerals and SSR Mining, owning 33% of the company combined already. In addition, via the recent merger between Aethon Minerals and Abraplata (this is truly the new AbraPlata) they also have multiple assets in Chile. Rio Tinto signed a $25M earn in for up to 75% of their Arcas project in Chile, so we'll see lots of work being done there over the coming months/years. Rio Tinto hunts for elephants by the way, so we'll see what happens with what I look at as a free Chile call option.
I also see us weeks away from this story beginning to be told to many new investors going forward. It's too good not to get out there and pound the pavement, and that's the plan at Abraplata. This is a low priced, low market cap company, that is surrounded by BIG. Big assets, big companies, big partners, big shareholders, and big upside potential. More details can be viewed in their recent investor presentation:
https://abraplata.com/_resources/presentations/corporate-presentation.pdf
Right now Abraplata is my favorite "hybrid" silver/gold junior resource play over the next 6 months or so. A re-rating, I believe, is inevitable. Liquidity is actually decent in this deal and should continue to improve. Anything between .10-.12 CDN is a compelling entry point. Under .10 is an urgent buy because it simply will not last down here for much longer.
Longtime lurker. What does KABOOM mean, up or down? TIA!
So the current trend means nothing to you? Are you a T supporter that hates science and facts?
Still easy fills. IMO, not done yet. But I'll never know without L2.
Adding when I can. Trying to add more to 1911 because I already have A LOT of ABRA.
The fact that you support Trump shows your lack of character and blind loyalty to someone that only cares about himself. The only explanation is you're racist, childish, or lack intelligence. I'm thinking it's a combo of 1 and 2, but there could be some of 3 in there, too.
Jerry, please delete with restripes post...
His videos are great. Thanks!!!
OT: Imagine that. A leader that does something and isn't in the pockets of a gun lobby. Not saying it's a full-proof solution, but at least he's taking action. 'merica is all "thoughts and prayers and buy more guns".
Newsletter go out? Bids popped up now some buying.
Not sure what you're looking for. I mentioned SPXL for 3x long. SPXU is opposite. There's also SPXS and SDS for short.
Closest you can get is SPXL like north is playing...
Gap fill at 2840...then what?
Added a few more this morning to round out my position. Still want more shares.
Added a few more under .51 on that morning dip.
200MA on the SPX 15-min. Below the 50MA on the 1-hr but sitting on the lower BB. Will we bounce or just keep falling?
This works because it requires the site to redirect you to the httpS URL, essentially doing the reload for you. Nice trick!
Aren't they allowed to not provide guidance now so the market doesn't see how bad things really are?
I'm most definitely NOT. But I have a great family, a good job and my health, so many would say I've already got everything I need. But a little financial cushion certainly wouldn't hurt. ;o)
Adding more today. Definitely trying to get a larger position here.
Going back for a second try.
That's the line I've been watching. If we can get back over 2910-2915 we might be good to go to the top of the wedge.
Back above for a bounce or fall to fill the gap at 2880?
http://schrts.co/TgHahYhi
No doubt. Word seems to be getting out or bid sitters are paying up and hitting the ask. Really wish I hadn't taken some of may shares off at the bottom to trade. Almost back to a full position but paying much higher prices.
Doesn't load for me, but I click the address bar and hit enter. Works every time.
Added a few yesterday and adding more this morning. Really hard because MMs make you pay whatever they want. Really wish the company would uplist their US OTC ticker.
FOMO...
LMAO! Right...
AKA, print endless dollars to make the markets go up for the re-election campaign.
It doesn't matter. The only thing that matters is what the market thinks. Probably going to new highs just because. *SHRUG*
So we going to 3000 or what?!?!? LOL! ;o)
Added more at .059
They won't provide guidance, otherwise most would be jumping ship, IMO.