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Agreed, much failure to have fair and equitable public disclosure, and much newsworthy imo come and gone without PR.
AMF: From the hearings I really, really want to find out
1) in what ways was Wanderport the company mentioned, i.e. is it (and its officers, directors, employees) heading into the muck pile
2) how many shares are tied up in CTOs, and whose
3) of the extended network of people trading on signal one doc indicated, what were (are) their iH aliases - lol
My biggest pick lately has been cash, at least until I see some change in attitude toward miners and global economy.
That said, I am sort of hesitant to list out much as everyone's risk profile is so different, and I am willing to play with non-producing exploration juniors with what seems the right mix (mgmt, money, projects) and a lot of these have been absolutely slaughtered in the past couple of months (and are looking very cheap, but still getting cheaper in cases).
I hold a couple of REEs as free shares at this point (that I wish I had cashed out entirely when I converted to free shares) UCORE (UURAF) and Great Western (GWGMF) but otherwise am just watching the REEs for now as they are all down 1/3 and more from their moment in the sun. If those two get back near where I converted to free I will probably cash out for the time being. I do like GWG's long-term, but it will probably be up and down over that term. Other than the few leading usual suspects in the REEs, I am watching and researching Elissa in the REEs as a potential HREE, which is a fairly new company resulting from assets of Red Hill that did not flow into Prophecy Coal (Resources at the time) in that takeover. In energy metals I like Talison (TLTHF) which has been dipping into attractive (assuming no global depression) lows lately, in the past month below last year's original issue (about this time) after the merger/takeover, first time its been so low since listing outside of ASX. I hold Largo (LGORF) as free shares and am content to wait it out, long slow road, but good V, MO, W properties. If you haven't looked into the Cobalt situation you might want to look at Formation Metals (FCO.TSE/FMETF), also at new lows for the time since the Idaho project became a go.
I am still collecting PCY/PRPCF at least until I understand why it is being valued the way it is, and Erdene (ERD.TSE/ERDCF) is the other small company tied into Mongolian events that I find interesting (They have been in Mongolia for going on two decades) and their pps has been heavily beaten down partly when they were passed over in the recent dividing up of a major coal project by the Mongolian gov, but the rest seems for no good reason (markets have really been punishing minor and non-producers) given their other projects in Mongolia, US, and CA.
On gold and silver, oh heck, that's too long, but I will mention some Yukon exploration groups (i.e. no producers, no Latin American, no US, or other CA). The first two are pretty new listings but with long experience in the area (the first is Shawn Ryan's new company, the second is the team that did Underworld) Ryan Gold (RYG/RYGZF) and Smash Mineral (SSH/SMHMF) These are both currently illiquid and under the radar (imo) currently, and SSH has a very tight share structure. Strategic Metals (SMD/SMDZF) I like and hold, but for new entry it is a little hard to assess right now with the recent spin-out, but it has been reasonably cheap in the recent decline imo given that it is a good way to participate indirectly in a lot of companies (like ATAC). ETHOS (ECC/ETHOF) is worth mentioning due to quality and size of its land package (next to and on trend with KAM Coffee project) and it has been hammered down hard lately, cheaper than in a long time and as I understand it they are pretty well funded to get through this Yukon season and on into work on their Mexican prop afterward. Golden Predator (GPD/GPDRF) is turning out good news flow so I expect to be converting to free shares at some point later in the year, and finding an entry now would need some timing. That is note quite half of my Yukon short list, Northern Tiger, Rockhaven, Colorado Resources being a few others that are drilling and likely imo to generate interest later in the year.
Do your own DD as its just a list of names I hold (mostly) or watch for entry.
Looks like WDRP headed back to low volume due to large bid/ask spread again, and seems the swings down are on larger blocks than the ones moving the pps back upward.
Quote:
He said WDRP will comply and or come to the rescue if needed . .
I thought this had nothing to do with WDRP? Yes, wonder what he means WDRP will comply?
Fidelity just accepted bid for 1/4 M at 0.0101
I guess that does not mean they will be able to route it anywhere for execution though.
Well place observations. Malema may or may not go away, the underlying issue will likely remain and resurface until addressed.
Your words reach quite far, btw, already being seen in some of Europe, possibly not far from our (US) doorstep
any country with a large number of young, uneducated, deprived citizens is not a recipe for stable . . .
I don't see it getting much cheaper, if markets in general don't weaken further. For myself, I am long, not as long as I eventually want to be, but I want to see some results move this first, specifically costing from the pilot runs and the prefeasibility and how it addresses water and environmental concerns to give an idea of how uphill permitting getting water will be. I do not see this project being blocked, I just have have other juniors with less uncertainty and more potential gain in the meantime.
Everyone has different situations.
all jmo
Yes, any record of the happenings would be useful.
I imagine everyone has a lawyer, French speaking, and clients are instructed to shut up. Just a guess.
At first I also had the thought, how do they know now it will be 26 minutes long, or is that standard, but then I realized the 8.10 must be minimum with the 0.30 per minute if longer.
But, I took recording to be an audio recording, not transcribed, but I can now see it that way also, as the work of the court recorder.
I am not conversant in French ;-(
"The hearing scheduled September 13, 2011 is a pre-hearing.
A further date of hearing will be settled.
This other date will appear on our hearing role.
If you wish to obtain the recording of the hearing there are fees of 8.10$ plus 0.30 $ / per minute from the 26 minutes."
That is some odd wording
to obtain the recording of the hearing there are fees of 8.10$ plus 0.30 $ / per minute from the 26 minutes
Great question, and my answer is that I don't know, not about what exists, but most of what I am aware of is hardrock.
Remember most deposits divide into the upper oxide zone and the lower anoxic, usually sulfide, zone. For MN most oxide zone material has a high percentage in the MN+4 form. For example in psilomelane the MN is upwards from 80% +4, but this is usually a hard, solid vein or coating material. Perhaps the most common MN oxide material called wad has variable amount of its MN not as +4 (as +3) depending on how much of it is romanechite though it is mostly +4, but wad is an often complex mixture with significant presence of other metals. The key thing here is that the amount of oxide zone material can easily be too limited to be economic in itself, and as you start talking lower hardrock ores you get into reducing chemistry with the MN in lower oxidation states (manganite, the silicate rhodonite, etc.).
Wad is pretty soft (given enough of it) but otherwise one is looking at hardrock methods if going after MN as the primary material. With AMY's project the MN ore is already ground up fine and from being fully oxidized it is ready for dissolution in the AMY leech process. Now, as it happened here, such that the beds collected, pretty certainly this likely happened elsewhere. I can think of some spots in the area near the Wildcat Silver property where the ditches along roadcuts collect small but deep layers of black sands, so a similar the process is probably continuing many places. But large, localized accumulations that do not have thick overburden is what the explored areas of Artillery Peak project has going for it. I do know the Artillery Peak is pretty unusual for the southwest in being a disseminated, possibly clastic, possibly erosion derived, probably some mixture, and mechanically concentrated over time - at least as is known near surface. It is that long exposure to the atmosphere and at fine grain that probably helped it become more completely oxidized. Most of the deposits I have an awareness of in the southwest area are more on the nature of hardrock orebodies and psilomelane. The pipes mentioned for AMY's properties are to me unusual (and it sounds like their genesis is still open for interpretation), as are the known interbedded layers in sediments. Maybe after it becomes more clear what the deposition of the MN was more, similar resources will be found, maybe even near surface.
It is going to be a very interesting week ahead . . .
Global market caution with the FOMC two-day a week away
AMF respondent hearings, and possibly info about those that did not respond (i.e. Martel and Wanderport).
Wanderport needing to do something about a new TA, and probably have to take some sort of action to get off the DTC freeze list.
Sort of surprises me Wanderport has not issued any info to its shareholders (via PR, not just an email indirectly to this board) about what it is doing / has done to get back into the pattern of a normal issuer with a new TA.
Product gets closer to a month late based on Martel's most recent last PR on parts and Robert's week to assemble.
Are the parts even here (and for how many units is that anyway, A prototype) ?
Reaction of the float to all of the above.
On the up side, maybe we find out how many shares are tied-up in cease-trade orders, and what their future might be.
Hi Joe,
Thanks for passing that info along. I am with you on that, there looked like that could not be that many steps, especially assuming some of the tanks do the same thing, two stages at 80% gives net 96%, so a stage by stage walk-through would be neat, and costing info would be a pretty easy mention as an aside (this step we only need to use x lbs of X for each Y hundredweight of final . . . ). Then summarizing at the end showing the different marketable final products, overall costing and cap ex to scale to what daily production . . . they would have a pretty convincing tool for shopping around indeed.
Roger (previously far SE corner of SD along the Missouri BTW)
I thought there had been mention of AMY making a video of the pilot plant in operation. Given that the pilot plant looks small, almost toylike in the eyes of an industrial chemist or metallurgical engineer, despite having capacity of 50 Kg/hr continuous (around a ton a day), I hope the video comes out toward the end of the testing after process refinement has produced some hard numbers. With a nice video to show what can do a ton a day with audio overlay detailing the costs, showing how a normal mining flotation tank has so many hundreds times the volume (and hence tons per day), perhaps at that point people will be able to understand the economies involved with the AMY process. Pictures work so much better than printed words
After that, having the prefeasibility study that will have to address costs for bringing over sufficient power and water, and having the environmental study results, or even preliminary results, and some hard progress on permitting under the belt, most uncertainties would be addressed (save financing and final challenges to permitting). That should see us with some fair initial gain, but still far short of minimum pps for most institutional money.
I like Tim's idea of getting a smaller, but expandable, operation going first, then looking for the added cap-ex to gear up to larger scale. It seems to me that this would add not just cash-flow but to the pps and hence the ability to finance the larger, full cap-ex.
The other thing I think that is holding back, besides the current market and uncertainties of the near-term world economy and possible impacts of it tanking on exploration and development stage juniors, is possibility for other MN production coming online. For example, Wildcat Silver has a project north of the border with Mexico, southeast of AMY's, which is a polymetallic silver project, but it has ore running 10% +/- MN by weight as by-product (if it goes into development/production). This is in a beautiful an area, where MN was produced during WW II, and W, with a couple old mining camps that go way back in AZ history - regrettable I have not visited the area for too long due to the border dangers in the recent decade. Anyway, people being cautious over competing MN production is sensible (after all MN is pretty common element on earth), but I think what is escaping most people today that the Artillery Peak MN is tetravalent (i.e. in the +4 ionic state) and already granular, which makes it directly and cheaply leechable and then precipitated into a high purity intermediate (carbonate) whereas these other ores need to be processed in older ways, or which in cases like Wildcat Silver's might only contribute credits sufficient to cover the cost of its complications to the silver refining, and would likely only result in some form of MN concentrate.
Time will tell, there are still many threads to get woven together, but everything short of financing and development will soon be laid out on the table with us awaiting the prefeasibility engineering assessment.
Oh fun ! Thanks for passing that along
We know there WILL be news soon about the product.
PCY/NKL plus who knows what comes out from the DiscoverMongolia conference that started today
http://www.discovermongoliaforum.com/
NKL will be interesting as the sequence of drills get reported
(just wish they were doing assay of Os Ir Rh Ru as it sounds like there is a fair amount of these values they are presently ignrning)
not just disaster-stricken Japan that will need them, but anywhere in the developing world where there are recurrent brownouts/blackouts...
Misunderstood once more ;-( Yes, there have been some recent buy-out at what seemed to be way above proved in-ground value. Take the Goldcorp purchase of Andean. Talk seems to be that NI43-101 is a pre-req, yes, but a major is much more savy and willing to look at the full potential of the property. So for buy-out, 10 bag, yes maybe, but imo it is totally the wrong time for anything like that. EXS has way too big of a property package to give up like that. What is needed is some cash or even better cash-flow, to prove up the potential in these properties (note that comment is not focused on only TPW). A JV does not really do that as EXS is then in for partial financing match to extent of the JV and all depending on terms of carried interest and percentage given over, etc. but some way to unlock the potential in the EXS properties. The way things have been the past year and half is imo too slow. Sure, exploration is that way, but poking 1000 holes is not the best of avenues on limited finances.
Thanks for straightening me out on intent of your F factor. I think in the late hour I somehow read right over what was clearly there to see. I was probably blinded by thinking you were already at out of ground value and heading into IRR / NPV value considerations with that 10% and simply did not see what you were saying.
I really do not see how one can project such as 10 bags from here just due to release of an initial NI43-101 based on minimal drills, on what is believed to exist on the property, and on a JV happening. Look at the neighbor LSG with both reserves and resources, and these are expanding, with a good start on a couple working mines, at depth, with mill etc facilities, a growing handful of drills running above and below, probable low cost openpit in the pipeline, cash flow, and with lots of upside on properties they are only starting to touch, plus ownership in SUP, etc. and it is only 5 x EXS.
Of course, all is jmo and the NI43-101 is what will set the tone for moving forward.
There is a problem in saying something like
it is still at 50 some cents because it is not 2016 or 2020 (year)...wait and see!
Well, it is my only junior exp/dev where I feel some disappointment when use of oz per ton is not simpler for reporting drill segments
I liked seeing the Western and GT zones (finally) being shown as one in this PR.
I first started tracking CSI.v early Aug 2010, jv formalization, concession expansion, dewatering, etc all still ahead. I took advantage of the down market recent past dipping to build position. There ought to be active PR days ahead with the underground drilling starting up (soon?). Now with the indication in this PR of some possible blue sky from the geophysics new targets seems things could get even more interesting than anticipated.
I wish they would go back to adding update info on the ends of the PRs, advance on the decline, drilling platforms at what depths, ball mill seems to have arrived based on pictures at the website but never announced, etc.. Must be style of the new mgmt.
Not much interest on iH in COLUF.pk/CSI.v board ? Colossus too colossal for people (pps sure is not pennies, but compare to such as UXG on pps, stage, or resource) or is it that there is a main board used on one of the other sites ?
Cheers, thanks for hanging in there solo holding down the board almost a year.
I wonder how long before we get access to the new NI43-101, hope it is before the 45 day sedar deadline . . .
Very interested here to read the summary risks and mining parts . . .
The Aug 2010 NI43-101 had most all of the indicated resource at a fairly shallow 10 to 30 meters, good, but indicated most other areas had unknown depths. Also very interested in any update to the water risk assessment.
Overall, I like the numbers I am seeing posted here, and even if I toss in a fudge factor to cover portion that is not at economic depth for strip mining either due to MN sediment thickness or amount of overburden, say a rather pessimistic one of 50%, the numbers still look good to me.
Now, the PR that I really, really want to see is the one where the DoD/DoE underwrite a major chunk of the non-equity financing, but I guess that comes after the feasibility study in 2012 sometime.
Looking like better volume on AMY.v for the morning, and finally trying to break to the upside (at least on the bids)
some impressive g/t numbers (and width estimates)
from what I can tell, part of these drills open up new extents at these grades too !!!
They are said to have filed the patent applications in Canada, not the US
D = Market price per ounces that a major has in its model; Lets assume US$ 1,000
E = C x D = 0.02857 x 1,000 = Value of Gold in the ground per share = US$ 28.57
the only thing that i care off is the water heater...
Will it come yes or no, will it be as goog as they pretend, we will have to wait this out, and everything else is pure speculation....
Not concerned about the water heater at this point. Robert could soon have the best one on the market but will WDRP be part of it?
Bravo Gold, close to my view precisely, but I do have slightly a different take on
they have been dangling the carrot with dates that have passed with not even a word as to why , and to say later than the dates were given as courtesy to investors????? and after saying that they kept giving more timelines that they have missed, when is enough to learn how to do things so you dont go making the same mistakes again and again???
Face it, imo if Andrew cannot figure out how to turn this ship around, moving to the lip of the waterfall as it is, then Wanderport is probably toast. I am sure he would be able to get Richard to signoff on the plan, as usual, but can there be a plan at all at this point? Robert, he only needs to keep chugging along, letting what will be play out, one way or another probably does not much matter, although to me it seems without Wanderport would be more profitable.
Meet AMY's new best friend - at least if AMY can figure out how to be of benefit to it, that would be like grease to AMY's future . . .
The Southwestern Willow Flycatcher
so info on preservation history
http://www.biologicaldiversity.org/species/birds/southwestern_willow_flycatcher/
If you read that you will see that the takeover of stream/riparian habitat by tamarisk lead to the introduction of a leaf-eating beetle to combat the tamarisk. This was supposed to only affect the Colorado and Utah areas, but it has been so successful, and spread into Arizona, that areas in which the Southwestern Willow Flycatcher had adapted to tamarisk replacement of willow are at risk of having the tamarisk, and hence the habitat of the Southwestern Willow Flycatcher devastated. Right now there are a lot of environmental eyes on efforts to keep the flycatcher on earth. Hear that AMY ? Here is your opportunity.
In 2002 only around 35 different stream/riparian habitats were identified with established breeding populations this flycatcher, some estimates are now indicating this flycatcher may go extinct in the next 5 to 10 years. So, there are new plans afoot to ward this off.
Bill WIlliam's area proposed (Aug 2011) critical habitat
http://www.fws.gov/southwest/es/arizona/Documents/SpeciesDocs/SWWF/pCH2011/Bill_Williams_MU.jpg
This area, running past the immediate south of the Artillery Peak project area, contains one of the only remaining desert cottonwood willow riparian habitats in the US, with one reference saying it is the only such native habitat.
Overall proposal index of filings
http://www.fws.gov/southwest/es/arizona/Southwes.htm
So what is the big deal, rivers have lots of water, right?
Here is a fairly amateur blog video that gives a pretty good idea of what we are talking about when we say "the Bill Williams River" in this area. Yes, that is ankle deep and a handful of yards wide.
http://gregjoder.wordpress.com/2011/06/12/exploring/
(the Planet Ranch link on that page also gives some insight to the long, contentious history of water removal from this watershed.
So here is a 2002 survey for conservation planning in the watershed that provides info on water flow rates and ownership.
http://www.nature.org/ourinitiatives/regions/northamerica/unitedstates/arizona/bill-williams-plan-final_lr.pdf
And to round things off, here is the website of the downstream, at juncture with the Colorado River, Bill Williams Wildlife Refuge
http://www.fws.gov/refuges/profiles/index.cfm?id=22551
(did you see the mention of on-going efforts to manage Alamo Lake to support vitality of the riparian areas below the dam?)
So, if AMY can find a way to help improve the efforts to preserve and improve this rare riparian area as a result of the water it brings to the area, then it will probably see its project efforts put onto a greased slide. After all, the Southwest Willow Flycatcher is but one of some dozens of threatened and endangered species that are found in this part of the Bill Williams.
What does American Manganese Inc and Molycor Gold corp. have in common?
Spot on Joe
The point I maybe did not make too well is that there has not been selling or exercises, in the last three months, from any party required to report their holdings due to the size of the holding or their relationship to AMY (other than the two transactions mentioned). I am under the impression any 10% voting rights holder needs to report their transactions as does any AMY insider. So, if we are seeing the impacts from the overhang being reduced, which I do not doubt, these are from smaller holdings. For AMY all reporting holders are directors or senior officers so there are no (reporting compliant) 10% beneficial holders and no controlling holders (20%)
"blessing in disguise" let me see, where did I hear that before in relation to WDRP ?
If it turns out as you say
Robert will end up with the whole darn works eventually
There were no warrants or options exercised in June, July, or August by insiders required to report. (Actually reporting insiders do not hold any warrants.) There were only two insider transactions in these three months, in mid-August, the largest being a gift of 62,000 by Larry Reaugh on 8/11 and the other the sale in the public market of 25,000 by Anthony Santelli from his indirect holdings on 8/16.
https://www.sedi.ca
once lang selected, try the reports at left bottom
$11,000 usd per month for consulting
Did anyone ever find out for whom this payout happens ?
yes, convenient
we worked out the time-frame for the other two some time back and I did get my post to you incorrect. Those two prior applications IIRC are due to become searchable approx end of year 2012 (the date I mentioned for the third), while the newer third would be at end of 2012 / beginning 2013. Sorry the mixup.
gave up on second guessing them weeks ago, only go with actual actions now, will keep that stance until I see reason to grant benefit of the doubt
agreed, light content website is an afternoon job, plus time for client review - used to do it all the time
parts ? well at least we have not heard from Martel about the "unexpected delay" yet
and besides the Pacific NW Capital holdings of
shares 5,788,000 warrants 2,487,500
Harry Barr according to SEDI report holds a lot of FAU.v
directly:
shares 1,192,197 options 235,000 warrants 5,000
indirect in 293020 BC Ltd:
shares 1,522,500 options 75,000 warrants 10,000
indirect in Canadian Gravity Recovery Inc.:
shares 1,257,222 options 125,000 warrants 21,111
indirect in Coach Inc.:
shares 50,000 options 125,000
indirect in RRSP:
shares 13,500
or just north of 4m shares without option/warrant exercise