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The database at sedi.ca shows no transaction requiring reporting since the sale by Frigon of 100k at 0.12 on Oct 22 '12
I think the database is required to have a report within 5 days of occurrance, so the past few days are not covered.
Soneone else will have to answer for their area
I do hold metals, but all my silver was bought at under $8 and most at $4-$5 years ago.
On another front, today I have been very close to posting:
1666 strike that
1574
Looks good to me, at least sufficient to watch closely for now.
I would like to see how/if the Euro 2000 environmental exclusion that covers a major part of the (first known) deposit is or is not going to be something that can be "arranged".
Have to agree, appears MUX gain some high-level talent (and raided Goldcorp's key staffing in process).
The thing I liked more in the announcement was that little mention
"These key additions strengthen our growing operational team as we bring on new production in Mexico and Nevada. I am delighted to welcome Fernando, Luke and Nigel to McEwen Mining. We have large ambitions and our growing management team will enable us to achieve our goals"
Investigators dont talk about undergoing cases
This is true, only about outside parties in no way involved, whether bearing witness or otherwise. In such event talking is a prerequisite.
Interesting that alleged manipulation had a climax centered on a "buy-out" rumor . . . something I have always thought WDRP may have been headed for if the AMF had never shown up, and if Wanderport is true to its birth rather than a reformed black lamb.
very nice numbers . . . that higher than projected grade must have made the cost per Oz look pretty sweet
At the rate of Ag production in Nov '12, if sustained that would be 1.5 million Oz / year (and then there is the zinc and lead credits)
Yea! Yes, congrats to yourself. Kick myself as I almost bought a bunch more last week when it was testing 1.5,but it is all good.
Did you notice our CEO Gary Cope's other, lately overly much beaten up, company Orex Minerals (REX.CA) caught some sympathy today, with big (for REX) volume on Toronto venture?
PS
I and I'll wager you also have some hopefuls ahead of EXS in the line for payout but it would be nice.
So what has moved Alkane so much? Last from the company I find is the Dec 6 reply to the ASX exchange that it knew of no reason for the big intraday move then . . . but it appears to continue.
This has all the markers that something is afoot.
IMO, and only opinion, IF this news holds, showing SEC investigation of Amyot, perhaps of Amyot et al, then in typical fed fashion every element of a suspect's activities come under scrutiny. That certainly would include the origin and early few years, if not all years, of Wanderport.
(assming that) "They are still in the lab and I'm assuming it's even going on today. Robert has to monitor this testing and do his part and he has to do it NOW...not next week or whenever he has time but now."
This is likely correct in that Robert has a part to play in the testing, like being available in case it (the test unit) is not functioning as expected).
However, this has been exactly the problem. At the point of testing the unit should have been able to just ship to some lab, keeping one or more in-house to tweak. A few million dollar company hanging on one unit wired together in some recycled stainless steel box, plastic tubing and all.
If noting comes out by Thursday then we are looking at next year is my expectation. How that will rest with tax loss selling, and any of those then not able to get back in until toward end of Q1 is something to also consider. Looking like a significant week for Wanderport.
First Majestic Announces Friendly Acquisition of Orko Silver
http://ih.advfn.com/p.php?pid=nmona&article=55482391&symbol=AG
Finally! after a couple years waiting for the take-out. I'll take it, even though I feel AG got a screaming deal.
First Majestic Silver Corp. and Orko Silver Corp. are pleased to announce that the companies have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of Orko for consideration of 0.1202 of a common share of First Majestic (the "Exchange Ratio") plus $0.0001 in cash per Orko common share. The offer implies a value of C$2.72 per Orko share based on the closing prices of both First Majestic and Orko's common shares on the Toronto Stock Exchange ("TSX") and TSX Venture Exchange, respectively, on December 14, 2012. The offer represents a premium of approximately 69% to Orko's 30-day volume-weighted average price ("VWAP") for the period ending December 14, 2012. The transaction will be implemented by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).
. . .
CONFERENCE CALL
First Majestic and Orko will host a joint conference call and webcast on December 17, 2012 at 8:30 am Eastern time / 5:30 am Pacific time for members of the investment community to discuss the proposed transaction. The call-in details are as follows:
Toll Free Canada & USA: 1-800-319-4610
Outside of Canada & USA: 1-604-638-5340
Toll Free Germany: 0800 180 1954
Toll Free UK: 0808 101 2791
Click on WEBCAST on the First Majestic homepage as a simultaneous audio webcast of the conference call at www.firstmajestic.com.
The Conference call will be recorded and you can listen to an archive of the conference by calling:
Toll Free Canada & USA: 1-800-319-6413
Outside of Canada & USA: 1-604-638-9010
Pin Code: 3928
An archived webcast of the conference call will also be available at www.firstmajestic.com.
First Majestic Announces Friendly Acquisition of Orko Silver
http://ih.advfn.com/p.php?pid=nmona&article=55482391&symbol=AG
IMO this is a great move for AG, and cheap even at the apparent premium (look at how much drilling Pan American did)
First Majestic Silver Corp. and Orko Silver Corp. are pleased to announce that the companies have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of Orko for consideration of 0.1202 of a common share of First Majestic (the "Exchange Ratio") plus $0.0001 in cash per Orko common share. The offer implies a value of C$2.72 per Orko share based on the closing prices of both First Majestic and Orko's common shares on the Toronto Stock Exchange ("TSX") and TSX Venture Exchange, respectively, on December 14, 2012. The offer represents a premium of approximately 69% to Orko's 30-day volume-weighted average price ("VWAP") for the period ending December 14, 2012. The transaction will be implemented by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).
BENEFITS TO FIRST MAJESTIC SHAREHOLDERS
-- Adds La Preciosa, one of the largest undeveloped primary silver
resources globally, to First Majestic's already robust growth portfolio
of Mexican assets
-- Further enhances First Majestic's land position in the Sierra Madre
Belt, one of the world's most prolific silver and gold regions
-- Increases leverage to silver with very large, predominantly silver,
resource base
-- La Preciosa's planned development timeline blends well with First
Majestic's existing organic growth strategy, with anticipated start up
timed after the ramp up of Del Toro and La Guitarra
-- La Preciosa, located in the State of Durango, is in close proximity to
First Majestic's existing La Parrilla and Del Toro mines, allowing First
Majestic to strengthen its position in the area, employ its in-country
expertise in mine development and realize potential operational
synergies
-- The transaction is accretive to First Majestic's net asset value per
share, resources per share and longer-term production and cash flow per
share
. . .
CONFERENCE CALL
First Majestic and Orko will host a joint conference call and webcast on December 17, 2012 at 8:30 am Eastern time / 5:30 am Pacific time for members of the investment community to discuss the proposed transaction. The call-in details are as follows:
Toll Free Canada & USA: 1-800-319-4610
Outside of Canada & USA: 1-604-638-5340
Toll Free Germany: 0800 180 1954
Toll Free UK: 0808 101 2791
Click on WEBCAST on the First Majestic homepage as a simultaneous audio webcast of the conference call at www.firstmajestic.com.
The Conference call will be recorded and you can listen to an archive of the conference by calling:
Toll Free Canada & USA: 1-800-319-6413
Outside of Canada & USA: 1-604-638-9010
Pin Code: 3928
An archived webcast of the conference call will also be available at www.firstmajestic.com.
Thanks, was wondering about oversubscription allocation.
If it was done on a simple percentage of what one asked to get then you oversubscribed for about 7850 more shares than you were guaranteed by your rights (the 500). I had oversubscribed for 5000 and got 187 beyond my guaranteed. I guess I should have asked for 10 (or more) times that, but I was expecting the broker would want to encumber cash (they did not).
IMO there is a lot riding for EXS on the resource update, on KC work, on finances and market sentiment toward funding exploration.
LSG is on hold to Q1/Q2 '13 to see how their cash-flow actually comes in.
EXS is on hold until financing interest shows its hand and true cost.
All JMO
I applaud you for the efforts relative to the LSG analysis, but I still think it is high . . . some costs not included and I am not sure if you took the recovery rate, income tax, interest, etc. into account. All the same, I am not posting due to the LSG analysis.
The interview you mention has a number of points that glared at me. For example, on repricing options/warrants, CD said it is not possible to reprice them, only extend. Well then what is it that they tried a little over a year ago with management options, and then cancelled the plan? I have seen warrants repriced. The numbers talked about were sort of wishy-washy. The high number used for in-ground gold in good jurisdiction with good infrastructure I took to mean good infrastructure - not in the area but at the site so as to be immediately minable, not buried 1000 meters of solid rock deep. All in all, I came away from that interview reassured in the impression that the CEO of EXS is likely good at geology but neither agile nor well-informed in regards to finance whatsoever. jmo
wouldn't that be an odd twist? KC carrying the day! and PB's mention of EL, which has always looked sorely needing followup to me
Anyone else filled RO oversubscription posted to their account yet?
I just checked and the shared from the issued rights are cleared, plus shares from my oversubscription, all 3.75% of the oversub I had hoped/tried.
Is that oversub fill similar to yours ?
There you go putting your finger right on the main issue again InXS
You have left out a number of value items when tallying up LSG. It is more than Timmins West and the Gold River Trend, and the royalty they sold does not cover all. You omit, for example, Bell and the infrastructure there, the Fenn Gib property they acquired from Goldcorp, their other smaller holdings, their stash of shares from properties vended out (Mexico and Rainy River area), etc..
oops - was reading the board bottom up, so edit to add to the above post now that I have seen PB's exchange and your later (of low importance) post
Both LSG and EXS are IMO either underpriced or reasonably priced, all depending on how one views the equity risk trade for companies that need (or in LSG case may need) financial help.
LSG just claimed that they well be cash-flow positive in H1 2013 (finally!). They have a lot going for them but bit off too much at one time. It cost them dearly. Relative to what LSG has, definitely has, including ramps and declines down to it, it makes EXS appear to be carrying a premium at 0.1 to 0.15 given the market sentiment for companies without cash-flow. jmo
all prety shallow too (i.e. clear of water concerns?)
the bump from the PR sure didn't last very long
Yep, they are well presented.
I like the overlay on topo. Really helps.
With a little imagination one can see how faulting "ripped" the line of gold deposit east of Latte, smearing it uphill (and fragmenting it) to the top of Supremo, leaving that somewhat upset and also see how Double Double is left fully upset (on its side, compared to the original layering by oxide/sulfide and by grade as shown in Latte).
I couldn't find anything for Kona although it was included in the estimate. I don't recall yet seeing their analysis of the results from the larger-scale sampling work. I am anxious to see how things came out on the Sugar area (way east, maybe halfway to the eastern claim boundary from the Latte/Supremo/DoubleDouble area).
Held up keeping recent gains fairly well this week considering the bumpy ride most silver stocks saw. Still undervalued.
I had exchange with IR this week over the claim in the news release that ProDESC put out this week which claimed that PROFEPA (the Mexican EPA so to speak) had found La Preciosa not in compliance. I was told that it is misinformation (again). That PROFEPA had previously said all is in-order, and they reconfirmed that this week, and will combat the misinformation compaign once they have that in writing.
Even that did not seem to impact the share price, with EXN only finally giving up a little ground Friday after it became clear (ag failing to stay above 32.4) that things my have turned bearish on Ag for a while (again).
guess I should give a reference to the newsrelease
http://www.newswire.ca/en/story/1086867/mexican-environmental-prosecutor-announces-findings-of-environmental-damage-at-excellon-resources-inc-s-la-platosa-mine-and-begins-administrative-proc
Holding patents has value only to the extent that one keeps watch to defend and has the money to lawyer over infringements.
The majority of what the Wanderport "product"-to-be uses appears to either be patent covered (ie. royalty due?) and held by others or past the patent protection period (public domain).
All good questions Beers. The only active patent related filing I have seen, the most recent application that passed the 6 month hush early this year, seems to only cover a chamber of a specific geometry. The WAPP probably does not contain anything patentable, but they could have filed a copyright on the software. The PR announcing the latest patent filing did make it sound like something quite different from what the patent paperwork seems to be.
I am not sure, thought you had a better handle on the loose wording in the contract, but I thought it was all written in terms of Robert licensing use of the IP but I don't recall the term patent being used.
Those other penny wait stocks sound like they are at the stage WDPR was a year and half going on two years ago. The conference call, then the meet and greet were responses to the fact that shareholders were becoming vocal about the BS and broken positive PRs etc.. That seems to be what FB has been trying to contain this H2 2012.
IMO almost everyone is at the very end of their patience with WDRP
contractually stipulated do's and dont's were not sufficient previously, why would it be different now ? In fact, Robert will have to relax and rely on the contracts (and the hope that the lawyer they could afford did well, and that they would be able to afford to enforce the contract if violated). That is just how it works. What I was saying is that for a couple years this thing piddled along and eventually Robert agreed to step back and allow some assistance from an engineering company (which turned out to be Design 1), and I would be surprised if things have changed.
If they don't have patents why . . . ?
The short answer is "because others got there first".
They have a pending application for a patent on the chamber geometry, and as far as I understand things that is all.
They had indicated that their novel adaptive means on measuring the flow and heating and adjusting power input to effect desired output water temperature would be subject to patent protection, but I have not seen that mentioned in patent application
That last part is rather much a moot point anyway, as from what I have guessed/gathered from the string of delay PRs that part of the "product" is not working and is not being part of what is tested by Intertek (recall, manually configured firing for the testing)
They will have to outsource that portion
Let's get realistic. Do you remember how long it took before Robert finally consented to getting some outside engineering help, because of the need to protect anything possibly proprietary?
Now how do you think they (Robert) is going to entrust this unpatented contraption to some third party to polish into a product that could be sold (if it passes product level testing)
JMO at one time Robert did get those dates, 12-14, penciled into the Intertek calendar for a testing room/engineer, but either Wanderport (Richard/Andrew) or the unit (or the shipping/delivery company? ? = Robert?) did not come through, whether failure to pay or a broken rubberband or lost electric cord, or,
so the pencil erased instead of getting inked in
I still did not think we would hear the selected parts of the Intertek deliverables until early 2013 with the old dates, so nothing has changed on that front.
Didn't leave anything out. Ignored that, as I have been trained to ignore the firm dates the FB Wanderport voice states as not one has come to pass.
Good to see Gary, in his regular periodic market purchases, added a sizable extra chunk at these prices.
Not only is Mexico no longer mentioned (or even dotted on the front page map), but the Hen property is no longer mentioned.
Now take a look at Comstock's QV Property
http://comstock-metals.com/_resources/white_gold/qv_zones.jpg
The latest release was about the sampling at the Shadow zone, and the investor mini-frenzy was started by the sampling at the VG zone.
The irregular rectangle island between these is a Northern Tiger property, and the whole length from about where the last r of Yukon River is written up by the Shadow zone all the way upstream (to right) to where the Yukon bends down and the Stewart goes off to the east is Hen (not quite all the way down to the river bank) and Hen continues east along the Stewart about half again as far.
http://comstock-metals.com/_resources/white_gold/White-Gold-claims-fs-OCT24-2012.jpg
Hen backs up to Kinoss right (east) of the line marked Dredge Creek, and up to an Independence Gold (ex Silver Quest) property upstream of that line.
Makes me wonder if Hen is going to see some work in the coming season.
they harvest a decent spread between the official and the world Fx $s to their pesos, so it is just guarding against increase size of the street/black exchange business
Mostly ditto . . . and waiting on the macroeconomics of resources to clear from these depths of pessimism
Many things looking good for BRD, except maybe the share price recognition given by the market, but even that has been looking like it will someday soon leave the psychological $1 threshold behind.
That $4.7M from warrant exercise could buy what ? 1/3 of the still retire-able gold stream ? 1/2?
Nice new pix in the sig Beers . . .
I could read the FB post as saying testing has not started, if I wanted to appear as a skeptic . . .
Wanderport is currently engaging with Intertek Group plc to schedule and run performance efficiency tests on the multi-cavity microwave heating unit
Wanderport is currently engaging with Intertek Group plc to schedule performance efficiency tests on the multi-cavity microwave heating unit
Wanderport is currently engaging with Intertek Group plc to run performance efficiency tests on the multi-cavity microwave heating unit
I don't think they really care about investors at all
Agree. I pretty much reached that conclusion after that PR where they indicated they wanted to provide preliminary, in-house data ASAP for their valuable investors.
That glared at me. Valuable investors, not valued investors. Yes, I know, picking at words and meanings . . . but it really is simple. I think it is called a Freudian slip.
Then, after about facing on providing in-house data, on providing the video that Storm Sandy ate (or whatever), well, that just reinforced the view.
KAM maiden resource new is out
http://www.kaminak.com/investors/news_releases/index.php?&content_id=478
If I am not mistaken the Latte zone is the west-most of what is reported and it contains the bulk of the sulfide deposit reported, while the Supremo, toward ECC, the received much of the 2012 drill work reports the most in the oxide (shallower) resource category (but Supremo work was targetting extent with only enough depth to try to connect the subzones), and the Double Double (even more toward ECC) reports only around 20-25% as much either of the above in the oxide category (I don't recall how much work Double Double received in 2012).
Not sure of how this all fits along trend of the Coffee fault zone, or for that matter of relative position in the camp of all these, but that is my initial quick read.
KAM with 82M shares, $18M cash, 3+M Au Oz now reported, work not included on target zones with insufficient testing, and most work to date shallow to delineate zone extents.
SAS reports significant intercepts near 147/GreyFoxSouth
This from St Andrews Goldfields rather adds to the view of Brigus' potential, as did the Mexivada announcement almost a month ago. BRD neighbors are hitting decent assays not far off the boundaries and not much different (haven't compared depths).
Recent intersections include H12-015 which returned 4.45 g/t Au over 9.0 metres hosted within a brecciated albitic mafic volcanic with significant quartz veining. Hole H12-019 returned 17.70 g/t Au over 1.2 metres which was significant as it has effectively confirmed the presence of a second zone of mineralization situated approximately 500 metres southwest of the 147, Grey Fox South and Hislop North trend (See Figure 1). Hole H12-029 returned 10.22 g/t Au over 24.0 metres including 11.91 g/t Au over 8.5 metres and 23.22 g/t Au over 5.9 metres, and hole H12-024 returned 0.87 g/t Au over 28.7 metres which intercepted a zone of broad lower grade anomalous mineralization situated in the northeast corner of the claim block.