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Lootfest, Nice post from Jim Willie on the SH GORO board. Thanks
CL Sam I got some at .475 in August and added some today in hopes that the numbers tell the world that SAM is here lol.
SAM.to Starcore Intersects new reserves today as well at a new zone at St Martin. Things could get interesting for Starcore. Their 4th quarter numbers are due by Oct 31th at the latest.
I did some DD and thought I'd share the numbers.
The mines a proven producer with its own mill and architecture and history is available.
With a 35,000 oz current Annual production rate, today’s POG and the 244 cost per ton, they should be cash flowing 18 million dollars and are currently trading at roughly 2.5 times cash flow. I'm thinking if these numbers turn true next week than fair value should be between 7 to 10 times CF ???
Their proven, probable plus inferred resources from San Martain & San Pedrito (from Tech Review on the company web site this year) adds to 4 million tones. Mine life should be anywhere between 10 and 16 years depending on weather you use the current 667 tpd or the mill capacity rate of 1100tpd.
A poster on SH spoke with IR and reported the company will be presenting at the New Orleans Investment conference with big hopes for tapping the US market. The website 'should' be updated with either the presentation or highlights of the conference.The link for the conference is www.neworleansconference.com. I checked. Starcore is on the exhibitors list.
He reported that the company is flying directly to Toronto after the conference to ring the bell on the 26th for the TSX listing. They then have a meeting with Sprott Asset Management (John Embry is a big fan of the company), and with National Bank. Both have been accumulating shares.
http://www.starcore.com/s/NewsReleases.asp?ReportID=267889&_Type=News-Releases&_Title=New-Zone-Discovered-at-San-Martin-Gold-Mine-with-7.9-Au-gt-and-38-Ag-gt-ove...
Mon Oct 22, 2007
New Zone Discovered at San Martin Gold Mine with 7.9 Au g/t and 38 Ag g/t over 3.2 meters
________________________________________
Vancouver, B.C. - Starcore International Ventures Ltd. (the "Company") is pleased to announce that a new vein structure was recently encountered at the Company's San Martin Gold Mine in Queretaro, Mexico, while advancing the main decline.
Cross-cuts were driven at this location, over the full width of the vein and in both directions. In one direction, a fault was encountered within a short distance, but the vein is otherwise open on strike. The resultant mini-bulk sample exposed 20 meters of strike length and produced 620 tonnes grading 3.42 g/t Au and 33 g/t Ag, at an average true width of 3.0 meters. There was approximately 10 % dilution in this sample.
Three underground diamond drill holes (LYSM - 16 to - 18) have examined the down dip extension of the structure. All three holes intersected the vein, with the best intersection in hole LYSM-16, at 50 m below the existing workings, as tabled below.
----------------------------------------------------------
DDH Number Au Ag Length (mts) true width
g/t from to mts
----------------------------------------------------------
LYSM-16 intersection 1 7.9 38 122.2 126.9 3.2
LYSM-16 intersection 2 2.3 11 138.8 142.7 2.3
LYSM-17 intersection 1 8.5 182 152.0 152.8 0.4
LYSM-17 intersection 2 2.5 47 156.1 158.1 1.1
LYSM-18 intersection 1 0.5 4 89.3 95.7 6.6
LYSM-18 intersection 2 0.4 4 101.1 104.3 3.1
----------------------------------------------------------
The cross section can be viewed at the Company's website at www.starcore.com.
The diamond drill has been moved to a second location and LYSM-19 is advancing. This new four-hole program will investigate an additional 150 meters of strike length as well as 100 vertical meters below grade.
Additional news will be issued as this program advances.
The technical content of this news release has been prepared by and approved by Gary Hawthorn, P. Eng, a director of Starcore and a qualified person under NI 43-101.
The Company has a rigorous QA/QC program consistent with NI 43-101 and using best industry practice. Core is prepared and assayed internally at the laboratories of the San Martin Gold Mine.
For more information on the Company visit our website at www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL
VENTURES LTD.
Signed "Robert Eadie"
Robert Eadie, Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT: Robert Eadie
Telephone: 1-604-602-4935
Toll Free: 1-866-602-4935 / Facsimile: 1-604-602-4936
This will take off when management develops some credibility. Everything to date has been safe harbor BS
ADA.to Question. Normally speaking, What does moving to the toronto exchange do for a company. I'm neweer in the canadian market.
Uranium, Don't know if you know it or not but the last of those 4 trades was at $78 The companies that were boycotting the high Uranium prices can't hold out for ever. I'm getting ready to add more uranium. I like URZ in the mid $3 and if ERF Energy fuels for the chance that they could strike an equitable deal with Dennison for the mill use before they get theirs built.
AXM sold approximately $375,000 worth of product in the first day of sales.
Its only 375k, The reorders will tell the story. When was the first day and why didn't they print it? How many have they sold since the first day?
There's your reason for no interest in the stock. Long term bag holders such as my-self are still skeptical and are holding these shares just in hopes that the management will make something of our shares. Although I'm hopeful, I still take the show me attitude. Management has thus far been irresponsible. When management takes fiscal responsibility and walks the talk, I'll come back around.
Sorry to the other longs for my venting.
ILI Technologies Corp. (ILI:TSX-V)
Website: www.ilitech.com
Current Price: $1.00 (coverage commenced Nov.17/03 - $0.42)
Further to the news release issued April 4, 2007 regarding the acquisition of the newly constructed 7,200-square-foot facility in Gillette, Wyoming, ILI Technologies is pleased to announce that it has consolidated its CBM Pump and wire product operations in this new facility and has recently discontinued operations at its Sheraton, Wyoming office. The consolidation of operations will allow for better inventory control, and improved performance and efficiencies.
QIS Capital Comments:
No definite word yet on when ILI will recommence trading. Since our last update on September 5, the company has responded to all of the Exchange’s outstanding questions and we understand that ILI is now awaiting a response from the Exchange. We had a good chat with management at The Small-Cap Conference and got a good feel for delivery on the $9.5 million order as well as the potential for further contracts. This has been a long, drawn-out ordeal and we expect to hear some definitive information on the company’s trading status in the next week.
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=23934370
Philipa,
I have a few questions. You spent a lot of time setting up the information page for AXM Pharma after spending a lot of time bashing the company, after writing many hundred posts talking positive and defending the company.
The information in the page is a safe harbor protected press releases that followed many other empty company promises, an old list of the company products, company description and some technical information. All this was here the many months you were here the first time as the company share price bled 90%.
What has changed your mind to come back here and spend your time on this company?
Do you have any information as to any current sales or business the company is doing now?
The company has been adamant at giving us information on proposed deals good for share holders, but hasn’t put any information as to what they ARE doing NOW as far as sales or manufacturing. Do you believe they are going to get any sales worth reporting?
The directors hired are getting compensated in shares per the filings. Do you know what they are doing for the share holders?
In short their is the same company carrot dangling we saw here for the last few years, nothing has changed, the share price has done nothing but slide and I’m here wondering, why you are here? I’m really wondering why you are here? What has changed your mind?
Sorry for putting you on the spot and I’m not criticizing or bashing you either. We were friend back than. Just looking for some answers.
As I just finished this posting, an alert to todays PR just came across my e-mail. There are a couple answers to my questions and some actual sales but I’m going to fire this off anyways. Maybe this is the start of the 2nd beginning.
Thanks Checkmate28
arnie70 Can $ Its nice getting the extra boost to Canadian stocks I purchased with the pinky symbol a few months ago at a discount to the US $.
kipp440 SAM Starcore at .64 is a steal.
Bobwins, DNN Dennison mines was 8.40 on Tuesday. Last trade 9.79
AUN Good news or bad news? Aurcana Retains Investor Relations Personnel. Will $7500 a mth get those warrants in the money?
VANCOUVER, BRITISH COLUMBIA, Sep 7, 2007 (CCNMatthews via COMTEX News Network) --
Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN) is pleased to announce it has retained Mr. Jack Barnes to provide investor relation services. Mr. Barnes has been involved in the capital markets and the junior public resource market for the past 25 years. For the past seven years he has provided investor relations services to public mining companies and previous to that he worked for 18 years as an investment advisor.
The agreement is for a minimum of four months and compensation for Mr. Barnes' services is monthly fee of $7,500.00. Aurcana has granted Mr. Barnes an option to purchase a total of 500,000 common shares at $1.25 per share for a period of two years, subject to the review and acceptance by the TSX Venture Exchange.
Len, My active TTGL RB post history started in May 04. I think I posted on the RB VMC board and remember you on TTGL as well. Don’t know if I had anything to do with your buying, but I was promoting it Back than. I was in regular contact with Dan from the DB management group. They had a lot of dots to connect and some relentless bashers but the story was compelling and they were executing at a slow pace. I ended up in the green on a bounce somewhere, but out of frustration I sold unlike you. I’ve had half an eye on it for awhile until this latest PR had me raising a brow.
CL001 AUN My shares I purchased Thur, 2 trading days ago, are now up 30%. Their producing now and the stock is still cheap. Can’t wait until we get the current quarter numbers representing the 1000 to 1500 tpd their processing now or the new drilling results due any day.
I’m now waiting for the market to find out how under valued NGG is, as their in the same boat being an undervalued, just turned producer, looking to show a full quarter of full scale production.
ILI.v Cease trade lifted.
http://biz.yahoo.com/cnw/070831/cease_trade_revoked.html?.v=1
Alberta Securities Commission - Cease Trade Orders Revoked
CALGARY, Aug. 31 /CNW/ -
A Cease Trade Order dated June 18, 2004 against Silicon Slopes Capital
Corp. has been revoked effective August 31, 2007.
A Cease Trade Order dated May 7, 2007 against ILI Technologies (2002)
Corp. has been revoked effective August 31, 2007.
The Alberta Securities Commission (ASC) is the regulatory agency
responsible for administering the province's securities laws. It is entrusted
to foster a fair and efficient capital market in Alberta and to protect
investors. As a member of the Canadian Securities Administrators, the ASC
works to improve, coordinate and harmonize the regulation of Canada's capital
markets.
For further information: Debby Hon, Statutory Filings Analyst, Corporate
Finance, Tel: (403) 297-7960, Email: debby.hon@seccom.ab.ca
Bobwins I'm working on that path. Spent my first 13 working years as the boss owning 5 businesses and decided I would take a break and a new challenge with a 9 to 5 to facilitate raising a family. Well the kidlings are ripe and to the market. Time for me to work my-self back out of the 9 to 5 LOL. Figure a few years of honing and success is needed to get the momentum and smarts some of you have. I'm happy to have found these value sites and the many great talents here to learn from. One of these days I'll have to interview a few full time traders and make the move my-self.
The way were loading these cheepies right now, tells me were in for some regular up beat reports sometime soon.
Bobwins miss the days when we had the daily BW upbeat reports.
This 8k filed yesterdat is old news.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=srgg#getFilings
SRGG Am I seeing things or is SRGG up 35% on very high volume with no news that I can find?
AUN Just added AUNFF.pk at under .80. I think there are a few near term catalysts coming. The company has the warrants that aren’t anywhere near the money so there’s motivation to get the news out and the share price up. An updated 43-101 is due any day. The 2nd quarter numbers were out with only a short period of production but 1000tpd in the coming 3rd quarter should show some good numbers. For the future, Rosario is getting closer and closer and they'll have the cash flow from Le Negra to get it done.
From the Roulston Update this August
Aurcana Corp. has exercised its option to buy the
Rosario silver-lead-zinc-gold property in
Sinaloa, The company expects
to have the mine back in
production in 15 months. As part of the
due diligence program, the company
carried out an exploration program.
Encouraging results from that work point
to a substantial increase to the resource
identified by the previous owner, one of
Mexico’s biggest mining companies.
In June, Aurcana reached a production
rate of 1,000 tonnes per day at its 80%-
owned La Negra mine in Mexico. That
mine also produces silver and base metals.
Exploration continues to expand the
resource and plans are underway to expand
the mill throughput.
cl001 AUN, SAM and NGG. Interesting, I hawked 3 stocks today, looking for my next victim and they were the same 3 stocks. All 3 have been left for dead, look to have support at these levels and in my opinion are all great bargains just waiting for a reason to break out.
NGG traded better volume than normal. I keep wondering, who could be selling with big October production right around the corner. Anyways, I placed an order that did not fill. Looks like you got my shares.
SRGG Does anyone have a good reason to purchase or hold this at this time? Their Market cap is almost hilariously low and they just put out an sb-2.
ILI from Stockhouse today.
Serge said today that they've finished with the security exchange and are just waiting for the TSX to give the go ahead.
I was hoping that there would be forward advancements in the fulfilling of their guidance that would make the re entrance of ILI on the market an enjoyable experience. Hopefully they can put out some substancial good news before they hit the market again.
NGG Just added 5k NGUGF.pk (US symbol) 0.3532 What a deal.
Lets start a discussion. What are the best values out there in the best sectors of the resource arena for short or long term gains? Wondering if we could discuss your favorites assuming you were looking to buy low risk near term producers. Gold and Silver should be good performing resources for the near future.
NGG is on the top of my list right now and seems to be an incredible, low risk value. They are claiming that they will be at a production rate of 30,000 of very low cost gold in Oct of this year. Recent high percentage gold intersects, spin-offs, excellent management and cash in the bank make this a no-brainer. I’ve bought and added a few times already but am looking to add more. Anyone have any reason to not buy this one?
Producers ADA and AUN looking to show their new numbers are looking very under valued as well.
DXE Up big again on news of drilling program.
DualEx Initiates Portugal Exploration Program
CALGARY, Aug. 20 /CNW/ - DualEx Energy International Inc. (TSX-V: "DXE") is pleased to announce the commencement of its exploration program in the western onshore region of central Portugal, initially consisting of two 3D seismic surveys, the deepening of two wells and the drilling of a third well.
Garry Hides, DualEx's CEO, commented: "We're very pleased to announce the start-up of the project in Portugal, in particular the drilling program, which will expose the Company to an unrisked resource potential of up to 2.5 tcf of gas and 40 million barrels of oil, in addition to the follow up potential in the Torres Vedras reef play."
Guy, Your right, we did see this one coming and like this post says, futhur haircuts may be in store.
Whats puzzeling is the total dollar amount of all the forclosures current and the ones likly on their way are miniscule compared to the market cap lost in the market. Looking at it like that makes it seem over done but I think the fear is much greater than just those forclosures.
Guy, I commend you (or anyone else) for having the insite and the kahonnies to go cash a couple weeks ago. I'll have to work on that kind of dicipline my-self and look back at this as a learning experience. I never thought these near term producers or companies that are showing good value would take it in the chin so hard.
Only two stocks on my list of 60 junior miner/energy stocks is up during this August slaughter. DXE Duelex Energy has bucked the trend for a nice move up and UMN.v has bucked the trend and moved up a dime. What a slaughter. Looks like the sector will provide plenty of value finds when things turn around.
Imperial Whazoo go to
http://www.stockhouse.ca/
Type in dxe under guote and pic the canadian and not US version of DXE. This brings up info including charts, news and message boards.
These canadian stocks can be traded through your US broker with a pink sheet equivalant
DUALEX ENERGY's US symbol is DALXF.pk but it hardly trades so a qoute you get could be old.
Use Stockhouse currency converter to get close US bid asks for DXE and enter your trade with the pink equivalant symbol. It a hassel but I paid .14 for DALXF a bit ago and its up over 50% in this mess of a market.
DNN In the end, when there are piles of ore ready to go, Dennison will probably compromis and negotiate something more fair for the smallers companies, as the current agreement will not allow the smaller companies a chance to make any money. As the article said, Energy fules would end up with 60k after costs from their entire 1500 tons that they could pile for the year 2007. With those margins, the smaller companies would be better off to tell Dennison to stick it. Dennison will want the available cash stream from the idle portion of their mill.
DXE +.06 to .22 on good volume. Insiders believe in the company.
Jul 19/07 Jul 18/07 Morozoff, Lorne Andrew Direct Ownership Common Shares 10 - Acquisition in the public market 34,500 $0.165
Jul 19/07 Jul 18/07 Morozoff, Lorne Andrew Direct Ownership Common Shares 10 - Acquisition in the public market 40,500 $0.160
Jul 05/07 Jul 03/07 Tompson, Kenneth, M Direct Ownership Common Shares 10 - Acquisition in the public market 150,000 $0.160
Jul 05/07 Jul 03/07 HIDES, GARRY THOMAS Direct Ownership Common Shares 10 - Acquisition in the public market 34,000 $0.165
Jul 05/07 Jul 03/07 HIDES, GARRY THOMAS Direct Ownership Common Shares 10 - Acquisition in the public market 41,000 $0.160
Jul 05/07 Jul 03/07 HIDES, GARRY THOMAS Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.155
Jul 05/07 Jul 03/07 Morozoff, Lorne Andrew Direct Ownership Common Shares 10 - Acquisition in the public market 33,000 $0.160
Jul 05/07 Jul 03/07 Morozoff, Lorne Andrew Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.155
Jul 05/07 Jul 03/07 Morozoff, Lorne Andrew Direct Ownership Common Shares 10 - Acquisition in the public market 57,000 $0.150
Apr 20/07 Apr 20/07 Tompson, Kenneth, M Direct Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.350
cl001 Sam.v I took my dip as well. They filled instantly. I figure it should be good for at least a %20 correction unless their is something worse than warrents selling.
SAM Anyone buying here at .50 ??
A Beida Wei Ming Bioproduct goggle search produces nothing but todays news.
BW, EFR I read Sprotts take, but there are some good UR deals out there and more and more news coming of even countries like Isreal Austria and Germany warming to UR powered energy. Might not hurt to nibble at bargains as 50 to %60 discounts are hard to beat.
I think they will find a place to process some ore. DNN need the production as they have a lot of spare capacity.
EFR Kicking the bucket around trying to figure out weather to pull the trigger or wait. Today’s 43-101 report and promise of many more by the CEO are promising in proving up the future revenues. There’s plenty of cash in the bank, great management and they’ll be mining Uranium in 6 months. The big questions are, how will they get the ore processed and where is the price of uranium going?
The hair cuts on the UR company market caps seem over done. The recent decision to build their own mill, probably hurt the short term PPS, as this puts production out past 2010.
I believe in 6 mths when EFR ore piles up, Dennison will step up and make a fair deal that lets EFR own the final product. Why, because both companies will have to help themselves to profit from that ore.
Wait or buy? Thoughts?
Nice news!! About time we got another carrot to keep us hanging around. Sure would be nice to know what is really going on around here. The dots seem to be painting a picture of forward progress.
Can someone transulate the following quote? Is there enough info here for us?
How many shares does Beida get for the 200k? Is the last line saying that, B. Wei may convert a 200k note to 160,000 shares should they elect to do so?
Beida Wei will invest $2.65 million in the Company through a convertible debt financing. The Company received the first $200,000 tranche, and will receive additional payments upon achieving certain milestones. The funding is convertible into common stock at the investor's election at $1.25 per share
CL001 On gold I'm right there with you. Have them all except EXN. I added more NNG and TRGD dirt cheap yesterday and today. Was ready to add more AUN while the seller is selling those million shares.