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New year. New hope? This has been a long term disappointment but still Miranda gets funding and stays in the game. It amazes me how they stay in biz using good will and always with one or another iron in the fire. I have a very small holding by now - gradually have sold down to just some token shares for old time's sake.
Current aspirations are in Alaska and Colombia. Each prospect sounds good when the deals are signed and none of dozens have gone on to production.
Will 2017 be the year? I hope yes for he sake of some good people associated with Miranda and some longtime shareholders. Same hope felt at the beginning of each year.
Miranda says: "We are now focused on being the leading junior explorer in Colombia."
Best wishes - if some postivie signs emerge I'll be happy to increase my holding in Miranda.
rjw/mkc
Winter Drill program. Pretty impressive drilling program underway now thru April 2017 per the company's Dec 23rd, 2016 update:
http://mawsonresources.com/news/news-releases/2016/mawson-update-rajapalot-winter-drill-program-ongoing-12-23
Drilling is done on frozen ground in winter at this project and they have completed 151 of 700 planned Base-of-Till drill holes for this winter's program. The deeper diamond drilling program plans 50 holes for 10,000 meters total or about 200 meters per drill site. A total of 40 workers will be employed.
Very ambitious program - well planned and funded. Hope the surface and relatively shallow assays to date are borne out at depth. That is the key to feasibility
Per a prior release: "Drill holes will average between 150 and 250 metres long with some holes up to 500 metres down-hole depth as required."
I see in some of the images equipment from ADC and here is info on the ADC website about the different types of drilling they provide. ADC - for Arctic Drilling Company - is based in Finland.
http://www.adcltd.fi/drilling-services/
I take it Base-of-till is a quick means of obtaining a shallow sample to identify targets which are than drilled to 200 or more meters with diamond drill rigs to get the familiar core samples for lab analysis.
I found this in a July 2016 release that explains more about the Base-of-Till drilling:
Base of Till (“BOT”) Drilling Various sampling methods are available for testing bedrock and dispersion of gold below glacial till. The method is dictated by the scale and objective of the geochemical survey. Mawson has chosen a 150 metre spaced local grid sampling survey, with the main goal is to map both the gold distribution and the associated geochemical signature of the hydrothermal alteration to define deeper drill targets, beneath an area that is 99% covered by 3-5 metres of glacial soils. A small, tracked percussion drill rig, with a flow-through bit, will drill through the glacial till and sample the till-bedrock interface (Figure 3).
Sounds like an impact or percussion drill that only needs to get to down to aruond 5 meteres to reach the glacial till/bedrock interface.
Dick Williams
Kansas City MO
Year end for Mawson: I don't see any clouds on the Finnish horizon. Some beautiful aurora perhaps which I'd love to see myself.
We have known this to be a fairly long start up but now that environmental hold has been lifted and realistic drilling is underway the resource can be ascertained and step by step Mawson should move toward production.
Share price at midday on last trading day of 2016: 0.37 for MAW and 0.2705 US for MWSNF. I invest via the OTC symbol. Tracking MWSNF the year started around 12 cents - rose to 22 but could not hold and dropped back to 17 cents then a strong climb in September to 37 which again did not hold and now back to 27 cent area on an Oct, Nov, Dec decline. A decline I'd deem simply due to boredom not fundamentals
This is not a stock with big surprise due in the next few months. It's a slower, methodical process to prove up a mine in a new District and develop a mine plan. This year and next more a period to accumulate shares if you feel the fundamental story is valid and by 2019, 2020 Mawson will be in production.
I have traded emails with the CEO several times and appreciate his prompt replies and attention to a lone stockholder in the Midwestern US.
Patient accumulation the name of the game - My stake is not large but I plan to add over time and still have a couple of years to do so.
That's my story - what's yours - anyone?
Other interests of mine: MXSG, my primary holding - Mexus Gold with open pit mine in Sonora, Mexico. Then RDEMF - gold start up in Colombia, ARGNF - Argonaut - a mid tier established miner and NIOBF, Niocorp - another start up with a triple threat mine site in Nebraska where the resource is a large intrusion of three alloy metals: Niobium, Scanadium and Titanium. US symbol NIOBF and NB on the TSX. Bears watching - great potential but needs a lot of funding to get underway. Three of the stocks could pop fairly soon- NIOBF, RDEMF and MXSG.
The best in 2017 to CEO Michael Hudson, the Board and all home office staff and to the teams working on the Rompas/Rajapalot prospect and fellow shareholders around the world.
Dick Williams
Kansas City MO usa
Best to all who invest and share here - and looking for a great 2017.
On December 9th I attended the Niocorp Annual Meeting in Denver. Here are a few images from that day and the following morning's visit to the mine site near Elk Creek.
http://kcsky.net/Niobium/DenverDec2016.htm
My comments on the meeting were posted here in Message 21257.
Dick Williams
Kansas City
Smuggler - thanks. That did prompt me to call Fidelty and the phone rep indicated they will accept OTC company Certs with share value of 25 cents. You may have relationship with them so they took the Certs in at lower share price but per the phone rep 25c is the current requirment. OTC listing is ok and the only other requirement is visiting a branch in person and signing the Certificates at the Branch. If joint registration then both parties need to sign of course. We should not have long to wait for the 25 cents to test the waters.
TDAmeritrade is where I have an account and I had earlier deposited quite a few Certs before they abruptly stopping taking MXSG Certs. I just called and spoke with Jack Burr in the Share Deposit dept 1-800 62-4584, and he said No - they are still not taking MXSG. That was as expected.
Their Risk and Compliance dept keeps a list - the reps enter the symbol and get a comeback: 1) Yes Accepting Certs or 2) Yes accepting with share origin documentation or 3) No not accepting - for any sybmol they enter. He didn't give any one price that would change the answer and said to call back later. I will at higher price. Would prefer staying with TDA. He did confirm that TDA takes OTC Certs so that is not a stopper.
rjw/mkc
Smuggler, have you actually deposited a Mexus unrestricted paper Certificate with Fidelity in the past two years?
I'm not aware of any mainline brokerage doing so. Hope you're right and got a Cert into brokerage account so the shares can be traded.
rjw/mkc
Thanks TO,
Proud to say yes I was there along with Sean and it was a great experience for me. I got to meet, Mark Smith, Jim Simms, John Ashburn, Jeff and Kathy along with Sean the one other shareholder present. Sort of slim on the shareholder side - Nocorp staff had us far outnumbered.
As good as the words and graphics were I think more important for me was the feeling of competence and confidence that came through in Mark's presentation and the Q&A. That was my best and lasting impression. Totally professional, deep background on every aspect and and confidence from having been in this realm for years and knowing any obstacles can be overcome. The company and shareholders are in excellent hands.
I liked very much that there was no over the top exuberance or hype - just people who have come a long way - know the road ahead and will see Elk Creek through the next steps -financing is the big one - on to construction and production.
Sean and I had a few minutes with Mark who had to get moving to another meeting and the same confident feeling comes through one on one in conversation that you hear in a formal presentation.
Also enjoyed some time with Jim and he's very savvy and knows how to work with people and groups in a constructive way. Really came away feeling the community and state will be very pleased to have Niocorp in charge of this project.
I returned to Omaha by train - the California Zephyr- and arrived at 5 am to drive south to Kansas city - my home. I always thought about driving by Elk Creek since it's not far out of the way and Mark and Jim gave me a map and invited me to see the site. I took them up on that and now have a BEFORE mind's eye picture of the land. Somewhat by coincidence I even met the landowner and we chatted for maybe ten minutes. A very nice lady who's known of the deposit going back to the prior ownership. She was kind to point me toward a couple of sheds and invited me to go back on the short gravel drive to the area where core samples and some supplies are stored.
There's not much to see yet - if there are drill rigs I didn't see them. It's handsome fertile Nebraska corn, soybean and beef country. And it harbors some super alloys deep underground. The whole story amazes me - loved the video.
I have a couple of images and will upload them and provide a link later.
Good meeting and site visit - get to one of the corporate events if you can. Pretty sure you'd be like me and come away feeling even better about something most feel very good about anyway.
Thanks Jim and Mark - enjoyed it a lot. Sean - glad to meet you.
Dick from Kansas City
I'm leaving Kansas City in about an hour - car to Omaha then the California Zephyr to DEN and walk to the meeting a few blocks from Union Station Just lucky coincidences that the time and location fit my rail travel so well. Back to OMA on the eastbound at 7 pm. Anybody else from the IHUB group headed there?
dick williams
kansas city mo
I have made my travel arrangements with Amtrak so will be at the Shareholder meeting Friday morning, Dec 9th. Conveniently they are holding it just a few blocks from Union Station and a few hours after my 7 am arrival. f any from the group are there look me up, Dick Williams, from Kansas City MO -just 3 hours from Elk Creek.
I have the proxy statment and look forward to the meeting, meeting the officers and the webcast that follows.
I'll be able to visit a friend out in Aurora Friday afternoon have supper with him then back on the eastbound California Zephyr at 7 pm for my return. The scheduling worked out perfectly for the trip - two nights on the train crossing Nebraska both directrions so no hotels involved and urban navigation on foot, light rail and bus or Uber.
rjw/mkc
Re that Lion mining spectacular gain - here's an article with a correction and it was all in the decimal point and newspaper formatting. The real move was 0.07 to 3.80 - still a great move but not $380 per share.
https://gold-forum.kitco.com/showthread.php?89716-Debunking-the-542-747-rise-in-Lion-Mines-amp-Others
The gist of it for Lion Mining:
They should show:
• Lion Mines – 1975 price: $0.07 / 1980 price: $3.80 i.e. an increase of 5,427%
I'm consiering attending the Shareholder meeting on Dec 9th in downtwon Denver - anyone else? I see the Amtrak station is a few blocks from the law offices where the meeting will be held so I'm thinking about taking The California Zephyr overnight from Omaha to DEN.
Does much happen at the Shareholder meeting? Any precedent for making significant announcements at such gatherings? I have another reason to visit Denver and Aurora so the NIOCORP session would be more a target of opportunity and chance to meet the Officers since I would be in town that day.
Dick Williams
Kansas City MO
Press Release on manangment changes
http://finance.yahoo.com/news/mawson-management-123000238.html
the text
VANCOUVER , Oct. 24, 2016 /CNW/ - Mawson Resources Limited ("Mawson") or (the "Company") (MAW.TO) (MXR.F) (MWSNF) is pleased to announce that Dr. Nick Cook will be promoted from VP Exploration to President of Mawson. Mr. Michael Hudson will continue in his role as Chairman, CEO and Director of the Company.
Mr Hudson, CEO States, states, "Nick's expanded role is an outcome of his first class technical leadership in Finland and his increasing management role in the Company. We will both continue to work very closely together, to give Mawson the best opportunity to execute on our strategy, to define a major gold project in Finland ."
Dr Nick Cook obtained his Bachelor of Science with Honours (Geology) from the University of Otago in 1985, then a PhD (Geology) from the University of New England in 1994. He has over 20 years of global experience in exploration and exploration-focused research geology. For the last three years he has acted as VP Exploration for Mawson.
Annual Meeting - Sept 28th 2016. I'm considering attending the Annual Meeting in Ruidoso. Anyone been to a prior meeting? Not sure if it'll be attended by 3 or 30 or 300 - tend to think a dozen or so but I'd be glad to hear from any past attendees as to whether you felt it was worth the time and funds to travel to Ruidoso. In my case I like the travel opportunity so it would give me an excuse to take Amtrak from Kansas City to Albuquerque and spend a couple of days in New Mexico which I always enjoy.
I'll query company as to discount code for the hotel - full fare is $124 for the night of Sep 27th, Looks like higher for non smoking. Plenty of other hotels and lodges nearby.
RB - I concur when you say you're not on the new leach pad work.
Here's link to a Terrasever image from 2010
http://kcsky.net/Mexus/Terar2010.jpg
You can compare the surrounding terrain and the rectangular excavated area is present in 2010 and all the later Terraserver image of that region. Pretty sure the Google Earth imagery you're looking at is old - they haven't updated in years and nothing of the Mexus work shows up in my viewing of the site on Google Earth.
From the rectangular excavated area you IDd pan north to the current ops area on Google Earth and you'll see it's cleared of scrub but no equipment, trailers, nothing showing current activity as that image predates 2010 as far as I can tell.
To get to the current ops area go north from the feature you ID'd - to what looks like a dark depression {actually higher hill top} then follow those white quartz veins northeast downhill to the largest area of bare ground. Compare that with the 2015 and 2016 images I posted earlier. Also follow the road northwest from ops area to the two white "Dots". The lower one is the formerly named Julio Shaft area. I guess now Vein One. The test leach pad was northwest of ops area - vicinity the sharp bends in the curvy dry wash.
At your original "leach" location go just a little northwest and zoom in - a ranching operation with cattle pens and some white sheds or small "somethings" in rows. Lots of interesting details in the desert at max zoom in. And dozer tracks everywhere - decades of people looking for that one sweet spot that will change their life. A dozer track made in 1980 will look about the same today - desert is slower to heal than less arid country.
rjw/mkc
Mine Locator. Here is a webpage with several images to help locate the Santa Elena mine on satellite imagery and included is an April 2016 image of the ops area -site of equipment park and ball mill and former placer set up. The April 2016 image is just prior to MarMar's equipment moving onto the site.
Paul Dent has OK'd this material it for posting. Most is from Terraserver imagery - the most current I could find. Google Earth images are older and don't reflect activity in the past several years. A few images are from Accuweather Mexico.
Santa Elena Mine Locator Aid:
http://www.kcsky.net/Mexus/SantaElenaFinder
Four Mines in one View - showing La Herradura, San Felix, Noche Buena and Santa Elena in one view:
http://www.kcsky.net/Mexus/FourMines
As a reference the distance from the X for Santa Elena to the X for La Herradura is 39 km and from Santa Elena to Noche Buena 11 km or just 7 miles.
Elephant Country - a zoom in and out on the La Herradura Mine. In the closing scene the Hand as Cursor is over our Santa Elena mine.
Word I got this morning from PD is that a PR is not likely on Monday Aug 15th. No problem just waiting on more info and may want to add some additional items.
Patience will serve us well.
rjw/mkc
Magnesium-Scandium alloy retains memory - article details new use for Scandium:
http://www.asianscientist.com/2016/07/tech/lightweight-shape-memory-magnesium-scandium-alloy-aerospace/
All quiet on this SCY board for two months - unusual. What's the next milestone?
http://www.kcsky.net/Mexus/TwoPauls
Paul Thompson March 2015 with the drill rig on Santa Elena site and
at the kitchen table in Caborca.
Rare picture with his hat off.
rjw/mkc
Recent articles and reports on the scandium theme:
MiningTechnology.com
"Nyngan Scandium Project, New South Wales, Australia":
http://www.mining-technology.com/projects/nyngan-scandium-project-new-south-wales/
InvestorIntel.com
"Lifton Asks If Scandium Is The New Gold?
http://investorintel.com/technology-metals-intel/lifton-on-scandium-as-the-new-gold/
seekingalpha.com
"Be Very Wary Indeed Of The Coming Excitement About Scandium"
http://seekingalpha.com/article/3968906-wary-indeed-coming-excitement-scandium
sedar.com
FEASIBILITY STUDY - NYNGAN SCANDIUM PROJECT NI 43-101 Technical Report
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00025324
Scrolll down to May 6th to download the 278 page PDF File
rjw/mkc
New NIOBF investor along with our geologist daughter, Kate. She found this Master's Thesis on the geologic origin of the niobium intrusion near Elk City. It's dated 12-5-2014 from the Univ of Nebraska.
A Niobium Deposit Hosted by a Magnetite-Dolomite Carbonatite, Elk Creek Carbonatite Complex, Nebraska, USA
Author: Michael J. Blessington, University of Nebraska-Lincoln
digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1063&context=geoscidiss
The description of the discovery and maps of the Carbonatite Complex in relation to the Midcontinent Rift System are on pages 15-18 and pretty interesting. The Thesis is meaty enough to get Mr. Blessington his Masters degree but it's readable and of interest to NioCorp investors. Apologies if it's already been cited here.
I also have shares in a pure scandium play but will never visit that mine site in Australia. Since I live in Kansas City this is one I can and probably will visit since it's just 2 1/2 hours north of me. Looking forward to a very interesting summer and fall.
rjw/mkc
Dick Williams Kansas City MO
Don's note about images refers to a side by side comparative image located at:
http://takhli.org/Mexus/RanchoLeach.jpg
On the left a Terraserver image from late March 2015 shows the ball mill just below the center of the image and the placer set up is just southeast of the ball mill. North is the top. Hiway 2 is nearby - east. Conveyor sections,excavating equipment and trailers make up the rest of the gear in the 2015 image.
The pilot leach area outlined in yellow is superimposed on older Google Earth imagery shot before any equipment was in place. The scale differs on the two images but if you compare the road loop at the northwest corner of the leftmost image with the road loop that touches the yellow border where the 300m notation is located that'll let you get a sense of the pilot leach ops area with respect to the current ball mill site.
rjw/mkc
Here's a March 2016 article in Proactive Investors on NioCorp's Elk City Nebraska project:
http://www.proactiveinvestors.com/companies/news/123149/niocorp-plans-the-usas-biggest-niobium-and-scandium-mine-123149.html
Nothing new to those who follow Nb.
The very small town of Elk City is about 100 miles northwest of Kansas City Missouri - my home.
The article doesn't mention the relative importance of niobium to scandium for the project but from the NioCorp website company estimates ... "anticipated production of 7,490 tonnes per annum (tpa) of Ferroniobium, 97 tpa of Scandium Trioxide, and 23,960 tpa of Titanium Dioxide over its 32-year operating life. Thus very small contribution from the scandium.
Is company on firm ground when saying repeatedly that they'll be the largest Scandium producer in the world?
Rough crowd that attacks a long time long who didn't really say anything controversial. Most funds and investment groups can't or don't invest in penny stocks and it's true when serious money shows up the volume will be 10X what we see. MXSG has potential - that's why we're here but it's a nano cap stock that has produced only in short periods. Still high risk / high reward investing hence we're a 2 cent stock. Nobody can be sure that we're 50% or 99% of the way to a partnership or JV. We all hope so but deals are not easy and till one is signed and announced we don't have a deal. I look every week for a real article on Mexus in the press - so far find only our Press Releases or the most basic rewrite of the press release. Even the volume spikes and two weeks of impressive gains hasn't prompted coverage that I've found. Belgie has been a long time investor - but he also has eye wide open. We all know the sector we're in here.
rjw/mkc
What type welding or joinery is used with a scandium alloy? Any new or exotic production techniques needed for such material?
http://io9.com/scandium-the-element-that-was-foretold-1713281738
Interesting account about how the Father of the Periodic Table, Dimitri Mendeleev, forecast the properties of scandium before the element had been discovered. He did the same with several other elements based on holes in his table and properties of adjacent elements.
Order entered for small incremental addition today.
rjw/mkc
Sorry - didn't see TMLs post before hitting send - that answers the question on the downer day but I don't find a news release or news item from the Securities Commission on SCY's default.
Prospecting for SC. When exploring for minerals do the mining companies typically assay for all possible minerals or do you have to request assay for SC to find SC? Guess the point is might there be SC deposits that were overlooked by prior exploration simply because the lab assay did not look for SC?
Down day today for SCY and SCYYF. I don't see the news that brought that about.
Follow up -I tried another account - TDAmeritrade and could not do an online purchase of SCY but it did allow me to purchase SCYYF and I am now a shareholder in a minor way - in at 0.095 and the advantage for me - a US shareholder - is I can do it at regular brokerage rates - no extra fee for broker assisted. I'll watch the spread between the two symbols and realize for now not much trading for the OTC symbol.
On TDAmeritrade SCYYF shows "Gray Market" but it allowed me to do the BUY. Scottrade would not allow due "no bid/ask".
The SCY property may be a bit harder and more expensive to visit versus the mine I visited a week ago today in Sonora MX
Dick in Kansas City MO - but normally I'll sign rjw/mkc
I'll work a bit more on it tomorrow and try another account also. I believe i can do broker-assisted on the parent SCY - just invest in larger quantity less often to lessen the impact of the extra fees for broker-assisted.
Pleasant little village here - nobody's called me rude names yet - I'm a refugee from the MXSG wars going on elsewhere. And I just pointed some of the reasonable folks from that community this direction so maybe you'll see another name or two show up.
Thanks for the tips and yeah, could get excited - your own rubs off.
rjw/mkc
Purchasing SCY or SCYYF ? Gentlemen I found my way here via TM's MXSG connection and have read the background info, the short message base and severel internet articles.
When I tried to set up a purchase of SCYYF via Scottrade I got a "no can do" due to no bid/ask since SCYYF is still a gray sheet stock and doesn't trade daily.
I'm sure there's a workaround - what is it? Haven't called to see if it can be done via a broker-assisted transaction yet - that sometimes works when issues can't be traded online.
Thanks
rjw/mkc
I exited the small position I had in Sanwire. Just doesn't look like it's going anywhere and it was time to sever ties with the whole Sanwire/IPKL family. No idea whether Sanwire is an underground mine commns outfit or supplier of cell and internet services to Native American tribes - sort of unrelated fields - and from wat i hear government grants to the Tribes has been hit by sequestration so SNWR may be going after the wrong customers for this time.
On to other penny stocks - and I am stuck with a bunch of unmarketable IPKL shares I should zero out and take the tax loss.
Anybody else still holding IPKL - and why?
rjw/mkc
Core Sample Results
http://www.azomining.com/news.aspx?newsID=8793
The text since the article itself may not stay online.
Mawson Resources climbs on high grade gold core sampling results from Rompas prospect
By Deborah Sterescu October 04 2013, 9:14pm
Highlights include an intersection of 9 metres at 10.2 grams per tonne (g/t) gold from surface, including 3 metres at 27.5 g/t gold from hole PRAJ0003. Highlights include an intersection of 9 metres at 10.2 grams per tonne (g/t) gold from surface, including 3 metres at 27.5 g/t gold from hole PRAJ0003.
Mawson Resources (TSE:MAW) shares jumped on Thursday on core sampling results from the Palokas gold prospect at its Rompas property in Finland.
The results represent the first core sampling from the prospect, which is located within the Rajapalot area, 7 kilometres east of the company's drilling in the vein style mineralization at Rompas. Highlights include an intersection of 9 metres at 10.2 grams per tonne (g/t) gold from surface, including 3 metres at 27.5 g/t gold from hole PRAJ0003.
An airborne geophyscial survey at Rajapalot indicates that mineralization discovered in this hole is coincident with a conductor that extends for more than 500 metres, according to a statement released Thursday.
Shares of Mawson rose more than 22 per cent in early deals, to 43 cents.
"This is the first core test of the disseminated style of gold mineralization at the Rompas project," said president and CEO Michael Hudson in the release. "This result has validated our prior limited surface sampling, with hole PRAJ0003 producing the widest and most consistent gold grades at Rompas to date."
The company said Thursday that near-surface core sampling will continue at Palokas, with further results still pending. Six core sample holes have been completed so far at the prospect, over a 35-metre strike, with a further 18 core holes planned.
The stellar hole announced today was slightly offset from a previous sampled rock chip panel, which averaged 13.4 g/t gold and 226 parts per million (ppm) uranium over 9 metres.
The company says Palokas is located in an EU-defined biodiversity Natura 2000 area, where at this stage of permitting, it is entitled to 100% of the mineral rights, with certain limitations on exploration methods that can be completed, including no larger scale drilling or mechanical trenching.
Mawson has applied for a modification of this decision as it seeks permission to conduct larger scale drilling in these areas, with a decision not expected until the first quarter of next year. An environmental study has been completed that defined the impact that Mawson's exploration work will have on the "biodiversity values", the company said, with the key consultant on the study being one of the biologists who mapped the Natura 2000 area in the late 1990s.
Separately, the company said two diamond drill holes have been completed at a high angle to previous drill orientations at South Rompas, while diamond drilling is also in progress at the Kaita prospect, with results pending.
--------------
The big issue continues to be permitting - whether company will be allowed to fully explore and then bring to production the resources in the Natura 2000 conservation area. Company will put best face forward on this but I don't think anyone knows the outcome. Share price reflects the uncertainty along with malaise among all junior explorers. Even with world class prospects Mawson can't escape the sharp drop in investor sentiment. The do have well heeled investor/partners and can wait it out.
My other fav explorer which is just now becoming a producer is Mexus Gold US, MXSG. Good prospects in the Sonoran Gold Belt but trading at a 52 week low of 7.5 cents US. MXSG too is awaiting permitting on one of its two Mexican properties.
Dick Williams
Kansas City MO
Everything at Rancho Santa Elena is shut down including the small placer operation. The Mexican EPA issued a shut down order citing lack of a permit to extract any gold from the site and also threw in improper disposal of oil and chemicals and clearing of native vegetation - several species mentioned specifically.
Home office says all can be easily remedied but a shut down order is a shut down order and company has to satisfy the agency before resumption of any processing. I believe they are continuing with work on the leach pads and processing facility but gold output at Rancho is nil for now.
http://www.elmineral.com.mx/vernoticiasanteriores.php?artid=33704
If you do auto translation ignore the statement about "American capital" - that is clearly an incorrect translation from Spanish to English - should say simply "an American company". There is no issue about use of US funds - that's ok. The only issue in that section is oils and chemicals.
Plenty of blue sky in that 10 million number and till they show they have a technology that works and is ready for the marketplace and for governments and mine operators to evaluate i'll stick with the sentiment that there's little basis to place a value on the company as a whole or any one share of stock.
Glad to see they filed their SEC form - that's a step along with having officers and a product. Don't know if there were customers waiting with purchase orders in hand under the former name or if they're starting everything from scratch: manufacturing, sales, support and I'd be sure in the heavily regulated mining industry they have to meet government requirements - in Europe that involves a lot of entities unless the entire Eurozone adheres to one set of standards - i doubt it
At the moment this is a very speculative play.
rjw/mkc
Rare week with some activity every day this week per the listing below.
Does it mean anything? Not much - number of shares traded around 40K. Some 10K trades on May 14th. If there's accumulation it's pretty darned slow and meager. I think a few people are just poking around.
What fascinates me is assigning a value to this stock. Frankly there's no basis for it being a 28 cent stock - or a 2.8 cent stock . There's nothing to place a value on a share of NTMG . Pretty arbitrary but for now a few people are willing to pay 27 cents for a share so price has stayed in that range for a week.
Nothing new on the website. Nano thin trading and one person can influence the price by placement of their bid.
I do own a few shares but very few and am not betting anything of substance on this one. Mainly here to keep an eye on the IPKl technology and see if it goes anywhere.
More interest and funds involved with MXSG.
rjw/mkc
Price Size Mkt Time
$0.2700 320 OTO 10:25:19 05/17/2013
$0.2800 4,000 OTO 05/16
$0.2900 1,000 OTO 05/15
$0.2900 1,000 OTO 05/15
$0.2900 10,000 OTO 05/14
$0.2900 449 OTO 05/14
$0.2900 200 OTO 05/14
$0.2800 800 OTO 05/14
$0.2900 1,000 OTO 05/14
$0.2800 10,000 OTO 05/14
$0.2800 10,000 OTO 05/14
$0.2800 279 OTO 05/14
$0.2800 5,000 OTO 05/14
$0.2800 500 OTO 05/13
$0.2700 810 OTO 05/13
$0.2800 150 OTO 05/13
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001096759-13-000016%2Etxt&FilePath=%5C2013%5C05%5C14%5C&CoName=SANWIRE+CORP&FormType=NT+10-Q&RcvdDate=5%2F14%2F2013&pdf=
Notice of late filing of 10-K
from the above:
Part III – Narrative
State below in reasonable detail the reasons why Form 10-K or 10-KSB, Form 20-F, 11-K, 10-Q, 10-D, N-CSR, or the transition report portion thereof could not be filed within the prescribed time period.
The Registrant is unable to file, without unreasonable effort and expense, its Form 10-Q for the period ended March 31, 2013 because its auditors have not yet had an opportunity to complete their review of these financial statements. The Registrant anticipates that it will file its Form 10-Q within the five-day grace period provided by the Exchange Act Rule 12b-25.
This from the 10-K:
Going Concern
The Company has incurred net losses for the period from inception on February 10, 1997 to December 31, 2012 of $10,834,458 and has no source of revenue. The continuity of the Company’s future operations is dependent on its ability to obtain financing and upon future acquisition, exploration and development of profitable operations from its mineral properties.
These factors create substantial doubt as to the Company’s ability to continue as a going concern.
------
pretty frank words. 10 million in loses and no revenue over live of the corporation and many names and and business endeavors.
I showed up from IPKL figure there is no hope of recouping anything from IPKL even though it's still showing in my Scottrade account with symbol in parenthesis. I hold a small stake here figuring it's the only way to see anything from the IPackets technology - if there is any "there" there. That has never been proven but willing to give it a shot.
I do think they are positioning for "something" - a new ride on the merry-go-round. Hope I'm smart enough to know when to jump off.
The statement above still talks about mineral properties but I think their only game is mine communications. The boilerplate on the website under What We Do is very general and vague about wireless communications. Could have been written 15 years ago - makes it sound like WiFi is something new and cutting edge. No mention of mining apps. That does get mention in the Subsidiaries tab under iPTerra - very familiar stuff there - it is IPKL renamed slightly.
There's no basis for assigning a value to one share of Sanwire. Very thin, irregular trading says it's a 27 cent stock now but 0.027 would be about as meaningful.
rjw/mkc
Good advice [to watch my six ] as the way forward is not yet known with Sanwire
Interesting BID/ASK showing up this morning, 5-2-2013 per otbcc.com:
Bid/Size 0.18 / 1,000,000
Ask/Size 0.19 / 500,000
Price Open 0.19
Previous Close 0.14
One transaction of 10K shares at 19 cents so far today. Could have a volume spike if that million share bid and half million sell order can find a love connection.
Oh, look here --www.sanwire.net is now online and has the rudimentary stuff of an actual corporation - officers, contact info for the Tulsa HQ and this statement under Investor Relations:
"Sanwire Corporation shares are traded on the OTC Markets Group's QB tier under the symbol 'NTMG'. Sanwire is committed to providing timely information to our shareholders and support the market for our shares. Sanwire strives to maintain realistic investor expectations by making appropriate and timely disclosure relating to its business."
And this from Naiel Kanno in an SEC filing dated April 30th, 2012:
Mr. Kanno, President and CEO stated, “I am excited about this opportunity to work with and lead Sanwire to expand its new direction, grow the Company and execute on its mission statement. Working with Sanwire’s team and Board of Directors, our main focus is to immediately accelerate revenue production through our technology sources and future developing acquisitions.”
"
There's some progress - Go Sanwire! Let's see whatchya got. Wonder what that phrase "future developing acquisitions" means? Any cash on hand? Dunno. First step is usually a private placement to create a war chest for whatever's next.
rjw/mkc
Pattern continues of some trading activity each day beginning Tuesday[4-23-2013] of this week. No big blocks or dollars involved but even 5,000 shares a day is more action that the stock has seen since the reverse split:
Time & Sales
Price Size Mkt Time
$0.1750 5,000 OTO 09:39:02 4/26/13
$0.1750 5,000 OTO 04/25
$0.1750 5,000 OTO 04/24
$0.1300 350 OTO 04/24
$0.1800 500 OTO 04/23
$0.1300 4,000 OTO 04/23
$0.1300 6,000 OTO 04/23
$0.1700 550 OTO 04/23
$0.1700 5,000 OTO 04/23
$0.1750 5,000 OTO 04/23
$0.1900 300 OTO 04/23
$0.1750 400 OTO 04/23
$0.1750 9,000 OTO 04/23
The significance? Dunno but some activity is better than no activity.
Could be someone quietly acquiring shares in small lots. Would take a while to get a meaningul position but it can happen at 5000 shares per day.
I find nothing in the way of news or press releases and the sanwire.net website is still under construction. 41 million shares and market cap of 7 million.
Anybody with a vibe on this one? Still holding on hoping for a revival under new banner in the in the mine safety biz?
rjw/mkc