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When I decided to buy this stock I thought that CMC had steady revenue coming in through the annual bulk sample from the Silver Heart property. Well, I was wrong...
Bid now at 4 cents. There does not seem to be much support at the bid side. If selling continues we will be a sub-penny stock soon...
Heading for new lows at the TSXV
I thought 2013 would be the year. Oh well, not in Q1. If they don't deliver soon I fear we will see continued dillution of shares, and this will get ugly the lower the share price drops...
I am tempted to buy more. My avarage is just above 10 cents. But somehow I can not continue to buy more and more...
The waiting continues...
Update on CMC Metals - 11 March
I spoke with Don Wedman today and he tells me that there have been positive meetings with the BLM on the Bishop approval document. The process is painfully slow but it sounds as though there is forward progress.
There is no contract in place yet to move ore on an interim basis from Radcliff, however, discussions are still going on – it sounds like there is a fair amount more to it than just agreeing on a contract to supply ore.
Oh, and still expecting some news and final numbers on the Silver Hart bulk sample.
I own shares in CMC Metals and provide Investor Relations for the company.
Gord Zelko
Lakeshore Communications
http://www.mineralstocks.com/
Well, at a certain point of time the company has to deliver the goods. Hopefully this will soon be the case.
Ouch, testing new lows...
Direct Ship Ore Contract Signed - February 28, 2013
Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce that it has finalized and signed a contract for the sale of the remaining, approximately 450 tonnes, direct ship ore that was prepared in December 2012. It is anticipated the client will be posting a Letter of Credit in the next few days that the Company can draw a 90 percent provisional payment based on the preliminary SGS sample assay results. The shipment will be going overseas to China where it will be processed and refined into silver bullion. The Company has developed several strong working relationships in China that have mutually benefited both parties and will continue into the future. The Company is reviewing the Silver Hart project as to the optimal plan to move the project forward into the development phase, under the current economic, environmental, and social criteria.
In compliance with NI 43-101, Don Wedman, P.Eng., President and Chief Executive Officer of the Company, is the Qualified Person who prepared or supervised the preparation of the technical information presented in this news release.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
Lets wait and see. Long-term I think it is a good buy, short-term I dont't know...
Hi Cork, I added some shares today at 8 cents.
Nice movement in share price. Hope it continues...
At least a start is made. Looks much better now than a few weeks ago with no life-signs from Apex at all. I do not expect to trade again very soon. Obviously speed is not one of their characteristics...
News Release - Thursday, January 17, 2013
Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce that the NI43-101 Updated Technical Report on the World Beater property has been accepted by the TSX. The Radcliff/World Beater property is jointly owned with Pruett Ballarat Incorporated as a 50:50 joint venture. A copy of the report will be posted to the CMC Metals Ltd. website. Stated resources in the report are only for the Radcliff Mine and exclude the World Beater Mine at this time. Total resources estimated are:
(Mine Development Associates, Steven Ristorcelli, P.Geo., an independent Qualified Person as defined by the NI43-101 guidelines, January 9th, 2013 update)
Other operating mines in the vicinity include the Briggs Mine located 13 km to the south-southeast of the World Beater property. The Briggs Mine has a stated NI43-10 resource (measured and indicated, May 22nd, 2012, web site) of 662,000 ounces contained in 33,559,000 tons (0.020 oz/ton average grade).
Plans for the Radcliff Mine for 2013, include the continued construction of the 5510 adit towards the high grade drill intersects. The 1997 Compass Minerals Ltd. drill holes demonstrated that there exists a high grade zone grading over 0.50 oz/ton. Exploration and development drifting, and drilling will occur to define the extent of the high grade zone plus prepare development workings. As the development workings proceed, ore will be produced. The Company is currently discussing final details on a contract for selling ore directly to another gold producer while the Bishop Mill Plan of Operations is finalized.
In compliance with NI 43-101, Don Wedman, P.Eng., President and Chief Executive Officer of the Company, is the Qualified Person who prepared or supervised the preparation of the technical information presented in this news release.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
On behalf of the Board:
"Donald W. Wedman"
Donald W. Wedman, P.Eng.
CMC METALS LTD.
Well, unfortunately I would have liked to catch some better news...
CMC Metals Update (CMB – TSXV) January 14, 2013
http://www.lakeshoreinvestor.com/
I have been receiving plenty of e-mails and calls regarding the Bishop Mill permitting approval. All I can tell you is that the process is moving forward but not nearly as quickly that any shareholder likes.
CMC Metals management recognizes the need to place the Radcliff property into production to be able to draw cash flow from the sale of ore rather than through market dilution of further private placements.
The company is currently in advanced negotiations with two major mining companies to sell ore from the Radcliff property while waiting for final approval. There is already a stockpile of ore at the property that was to be shipped to Bishop, however, the speed of permitting is not in the company’s hands.
I’ll update this blog when I here more.
CMC Metals is focused on near term production at it’s Bishop mill in California and bulk sample sales from its high grade Yukon silver property (www.cmcmetals.ca)
This blog is intended to provide new ideas for resource investors and updates on companies in which I invest through buying in the open market and through private placements. Exploration companies will need to have a compelling story to post here but the primary focus is in resource companies that are close to or in production. I also provide investor relations to some companies. In the case of CMC Metals, I own shares in the company and receive a consulting fee.
Gord Zelko
Lakeshore Communications
Moving in the right direction. Nice to see for a change. Hopefully we will get some good news soon...
The breakout year for CMC Metals has arrived. Happy new year!
Fishin, please see one of your links you posted:
http://www.imperialoil.ca/Canada-English/Files/PIP_Beaufort_Sea_Explor_JV_with_Cover.pdf
It is in there (I think on page 3). Unfortunately I can not write personal messages with my account.
I feel much better now after the life-sign from Apex.
Possible reason for website update
Following my thoughts if Apex is actually the owner of 3.745% working interest in the Itiyok I-27 well I had emailed the main operator this Monday if the ownership structur is correct (in particular in view of Apex).
They replied very quickly and were very supportive. They did not directly comment on the Apex interest but provided me with contact information of Apex and passed on my question to them.
I assume that they used the opportunity to tell Apex to update the ownership table with the current company names etc. Looks like we are actually the owner imo
Fishin, I got my fingers crossed as well...
Looks like good things to come in 2013 for people who own land in the Beaufort Sea. Question still remains if we actually own 3.7450% of the ITIYOK I-27...
In the meantime drink a cup of tea, or two, three, four... Life signals from APXR are just around the corner: "COMPANY NEWS - Stay Posted" (as stated on their website)
Looks like a good buy to me. Current market cap is a joke imo...
I am tempted to say "same old scam". Time will tell. But I do not share your optimism. There is simply no reason not to have provided an update to shareholders in more than a year...
News Release - Sale of Silver Hart Ore
Wednesday, December 05, 2012
Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to announce that it has entered into a Contract for the sale of 800 tonnes of ore from its Silver Hart Property to a Chinese purchaser. The purchaser has posted a Letter of Credit backing the initial delivery of 100 tonnes of ore.
The Company further wishes to announce that it has completed its previously announced private placement (see press releases dated October 17, 2012, November 7, 2012 and November 22, 2012) of 4,900,000 units (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of $490,000 (the "Offering"). Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one common share in the capital of the Company (a "Share") at a price of $0.12 per Share for a period of two years expiring November 30, 2014. A finder's fee equal to 2% of the total proceeds raised pursuant to this transaction was paid. All securities issued on the closing of this placement are subject to a hold period which expires March 30, 2013. The proceeds from this placement will be used for work performed on the Silver Hart and Bishop Mill properties, as well as general working capital.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
On behalf of the Board:
"Michael C. Scholz"
_____________________
Michael C. Scholz
CMC METALS LTD.
I bought at 0.105. Question will be if finally 2013 wil be the year for CMC...
Added some more shares today. I sure hope 2013 will be the year for CMC...
According to the CMC website update they are planning in 2013 on applying for a Class 3 Mining License for Silver Hart that will allow for processing ore on the Silver Hart property.
Also, the daily capacity at Bishop Mill shall be increased from 50 tpd to 100 tpd.
CMC Metals has its water license at the Bishop Mill, and is now waiting for the acceptance of the Amended Plan of Operation from the Bureau of Land Management.
http://www.cmcmetals.ca/s/home.asp
Commentary - CMC Metals Update
http://www.lakeshoreinvestor.com/
November 29, 2012
CMC is in the process of transferring ore from the 2011 bulk sample from the Yukon to Terrace, BC where it is being crushed, bagged and ready for shipping. The company is in final negotiations with a Chinese buyer.
CMC is still waiting on news from the bureau of land management in Bishop California on final permitting. At the Radcliff mine work is under way to begin stockpiling additional ore that will ultimately supply the Bishop Mill. In the meantime the company is in discussions with a milling facility in Nevada to possibly supply the Radcliff ore on an interim basis.
A lot of investors have asked me about the final payment for CMC’s interest in the Radcliff mine - $600,000 due on December 17. Due to the very long permitting process the company was able to extended payment until June. However, that number will be less as the company makes smaller payments over the next few months.
CMC Metals is focused on near term production at it’s Bishop mill in California and bulk sample sales from its high grade Yukon silver property (www.cmcmetals.ca)
This blog is intended to provide new ideas for resource investors and updates on companies in which I invest through buying in the open market and through private placements. Exploration companies will need to have a compelling story but the primary focus is in resource companies that are close to or in production. I also provide investor relations to some companies. In the case of CMC Metals, I own shares in the company.
Gord Zelko
Lakeshore Communications
CMC Metals - Web Site Update and New Source for CMC Updates
Re: Thursday, November 29, 2012
Title: CMC Metals - Web Site Update and New Source for CMC Updates
This is a quick note to shareholders and investors following CMC Metals that the company has updated the web site and will make additional changes as needed.
Also, the company Investor Relations Consulting firm has launched an investor site that will provide frequent updates on CMC Metals at www.lakeshoreinvestor.com
Gord Zelko
CMC Metals
Investor Relations
Added a few shares again yesterday. Unfortunately I do not have any funds now available for investing. Maybe end of year or beginning of 2013. I am very confident that 2013 will be a great year for CMC!
Kimber, you stated that you have seen the documents where it is stated that APXR owns the land. Where did you see it? Did you visit the company?
Thanks in advance
cork, so we can expect some positiv news on the bulk sample 2011 with an estimated 80,000 oz silver in the coming months. We do not have any info on the bulk sample 2012, correct?
Thank you ebaykamel, not exactly the proof I am looking for, but nevertheless provides a glimps of hope...
I think CMC is a good buy at this level. Time will tell...
Hello, I am new here and like what I see. Bought some CMC shares and look forward to 0.40-0.50 cents range in 2013
Does anybody know if the ownership structure of the ITIYOK I-27 lease as stated by Apex is actually true? In particular is there any proof of the 3,745 % ownership of Apex?
Thanks in advance
Can't believe I bought this stock. Well, guess I was too greedy. The story was too good to be true. But have to give it to those crooks, story was made up quite well...
Luckily, Apex got delisted before I could invest even more...
Interesting background for John Ray Rask
An interesting old post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58044090
Interesting background for John Ray Rask. Apex Resources, Western Gas Corporation, Omega Ventures Group, Office Managers, and Ray's Income Tax Service. He runs/ran them all. Omega Ventures is a publicly traded bust as was/is Western Gas Corporation. Look at the gas drills Western Gas claim to have initiated as a subsidiary of Omega Ventures and the company (Omega) is another non-reporting company with no revenues and without a state registration. Omega Ventures (formerly Office Managers) operated out of the same office in Utah as Apex Resources and we know they are not there anymore as the Suite is up for rent. So what exactly does John do? Hardly looks like the qualities of an investment company.
Employment History
Office Managers, Inc.
Office Managers, Inc.
Ray's Income Tax Service
EarningsWhispers.com
Board Memberships and Affiliations
Board Member
Apex Resources Group Inc
Board Member
Omega Ventures Group, Inc.
Company Secretary Treasurer
Omega Ventures Group, Inc.
Board Member
Office Managers, Inc.
Board Member
EarningsWhispers.com