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$HL Update
The USW Local 5114 "informational meeting" is scheduled for tonight at 7PM Pacific, but there's another winter storm moving through Mullan today.
$HLSPY IMPROVED RESULTS (NOT GREAT, BUT IMPROVED)
Year-End Report 2017, Heliospectra AB
http://ir.heliospectra.com/en/article/year-end-report-2017-heliospectra-ab-publ/
$HL Lucky Friday Mine strike update
From USW Local 5114 Facebook Page today
"ATTENTION: The next informational meeting concerning the upcoming vote will be held on Sunday, February 25th at 7pm at the Mullan Pavilion!!"
https://www.facebook.com/pg/USW-Local-5114-694692010581206/posts/?ref=notif
$HL
The USW Local 5114 "informational meeting" scheduled for today has been canceled according to the union's Facebook Page. The weather in Mullan is still severe with a wind chill of -14 today, but there is no indication in the post indicating weather is the reason for the cancellation.
$HL Update
The "informational meeting" prior to a vote was postponed until Tuesday, February 20th at 5:30 due to severe weather in Mullan.
$HL
Lucky Friday Mine Update
A new message on the USW Local 5114 Facebook Page is announcing a meeting on Feb 18th to discuss the "upcoming vote". A settlement for the Lucky Friday Mine strike may be only days away. The pullback yesterday in the HL stock price yesterday after the 10K certainly looks to be a good opportunity IMHO.
https://www.facebook.com/USW-Local-5114-694692010581206/
$HL Lucky Friday Mine Update
A new message on the USW Local 5114 Facebook Page is announcing a meeting on Feb 18th to discuss the "upcoming vote". A settlement for the Lucky Friday Mine strike may be only days away. The pullback yesterday in the HL stock price yesterday after the 10K certainly looks to be a good opportunity IMHO.
https://www.facebook.com/USW-Local-5114-694692010581206/
$HL Lucky Friday Mine Update
A new message on the USW Local 5114 Facebook Page is announcing a meeting on Feb 18th to discuss the "upcoming vote". A settlement for the Lucky Friday Mine strike may be only days away. The pullback in the HL stock price yesterday after the 10K may be a good opportunity.
https://www.facebook.com/USW-Local-5114-694692010581206/
$LWLCF NEWS
Equinox Gold Announces New East Ridge Discovery at Castle Mountain Mine
http://www.equinoxgold.com/_resources/news/20180215-EQX-PR-CastleMountainExploration.pdf
It's just a tiny amount to test the water. No bites so far.
I like your enthusiasm! I was around back at the turn of the century when EKCS peaked at around $7 if I remember correctly. They had just PR'd a potential $25,000,000,000 deal with Hyundai, but there were some problems with the principals involved in contract and it never materialized.
As a test, I put in a sell order for a few shares at a price below the ask to see if it gets filled.
Not to throw water on this parade, but the .1999 buy was only 260 shares or a grand total of $52. It looks more like a market maker making some adjustment or perhaps sending a message. It would be nice to know just what the message is.
$HL NEWS
It looks like the Lucky Friday strike may be ending very soon. USW Local 5114 leadership is reporting a "possible resolution" to be voted on in the near future. They're having an informational meeting today. The Facebook post has 131 favorable reactions so far.
https://www.facebook.com/USW-Local-5114-694692010581206/
From USW Local 5114 Facebook Page Tonight
"Meeting reminder from Local 5114:
An informational meeting will be held this Sunday evening at the Mullan Pavilion beginning at 6:30pm. It will follow the regular business meeting at 5pm which will also be held at the Pavilion. We urge all members and/or their spouses to attend this important meeting. This will be a closed meeting to non-members and a sign-in will be required at the door. Members who are working out of town or can't be present are encouraged to have their spouses attend in their absence.
Stay Strong / Stand Strong"
https://www.facebook.com/USW-Local-5114-694692010581206/
$HL NEWS
Hecla Reports Record Reserves for Silver, Gold and Lead
http://www.digitaljournal.com/pr/3648794
$HL Hecla Mining Company
From the USW 5114 Facebook Page
"I am pleased to announce a possible resolution to our labor dispute. We will be holding a vote in the near future on a possible path forward. Please plan on attending this Sundays informational meeting at 6:30 pm in the Mullan pavilion for details. Our regular monthly meeting will be held in the hall at 5pm. Phil Epler (Local 5114 President)
https://www.facebook.com/USW-Local-5114-694692010581206/
From the USW 5114 Facebook Page
"I am pleased to announce a possible resolution to our labor dispute. We will be holding a vote in the near future on a possible path forward. Please plan on attending this Sundays informational meeting at 6:30 pm in the Mullan pavilion for details. Our regular monthly meeting will be held in the hall at 5pm. Phil Epler (Local 5114 President)
https://www.facebook.com/USW-Local-5114-694692010581206/
Margin calls: the sharks can smell them in the water.
That's true, but when your broker "calls" you sell quickly at the market or they will do it for you.
There were likely a lot of margin calls yesterday with more on the way if the market keeps heading south.
$KLDX NEWS - EARNINGS FEBRUARY 7 BEFORE OPEN
Klondex Continues to Extend High Grade Mineralization at Fire Creek's Zeus Target, Including 1.65 opt Au over 35.0 ft; Company Schedules Announcement of 2017 Operating Results and 2018 Guidance
https://globenewswire.com/news-release/2018/01/25/1305314/0/en/Klondex-Continues-to-Extend-High-Grade-Mineralization-at-Fire-Creek-s-Zeus-Target-Including-1-65-opt-Au-over-35-0-ft-Company-Schedules-Announcement-of-2017-Operating-Results-and-20.html
Interesting post on the $MKRS Board Yesterday
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137962756
$SPRWF NEWS
Supreme Secures Supply Agreement with Namaste
https://marijuanaindex.com/industry-news-item/?newsId=7373625945812593&headline=Supreme-Secures-Supply-Agreement-with-Namaste
100 share head fake this morning?
$MKRS - Job Openings now posted to ZipRecruiter
Software Engineer NEW!
Mikros Systems Corporation
Mikros Systems Corporation Fort Washington, PA
https://www.ziprecruiter.com/c/Mikros-Systems-Corporation/Jobs
Mikros Systems - Jobs Posting on LinkedIN
Job description
Multiple openings are available for software engineers requiring a variety of skillsets and experience. The software engineers will be involved in the full software development lifecycle including requirements analysis, design, implementation, test, and maintenance. The primary responsibilities will focus on developing software for advanced system monitoring and test equipment in a dynamic team environment.
https://www.linkedin.com/jobs/view/software-engineer-at-mikros-systems-corporation-532912430?refId=ce6a3207-4827-4617-b274-6f5a6d2b7e83&trk=job_view_browse_map_backfill
$EGO NEWS
Eldorado Announces Preliminary 2017 Operational Results and Partial 2018 Guidance
2017 Overview
Gold production of 285,919 ounces (including pre commercial production from Olympias); vs revised guidance of 280,000-310,000 ounces (including a Q4 revision at Kisladag). In addition, the Company produced 7,061 ounces of gold in the fourth quarter from a bulk sample at its newly acquired Lamaque project in Quebec.
Cash operating costs averaged $509 per ounce, in-line with revised third quarter guidance of $500 per ounce.
All in sustaining costs expected to be approximately $900 per ounce, in-line with revised third quarter guidance of $900 per ounce.
Closed the year with total liquidity of approximately $730 million, including $480 million in cash, cash equivalents and term deposits, and $250 million in undrawn lines of credit.
Completed acquisition of Integra Gold Corp. ("Integra"), commenced pre-feasibility work (including test mining), and advanced construction of the Lamaque mine and refurbishment of the associated Sigma mill.
Olympias Phase II completed commissioning and achieved commercial production on December 31.
Announced in November intention to move the Skouries project into care and maintenance due to continued permitting delays. Skouries is expected to be fully ramped down in Q1 2018.
Hellas Gold S.A., Eldorado's Greek subsidiary, entered into arbitration proceedings with the Greek Government and the proceedings are expected to conclude on April 6, 2018.
Continued exploration success at Lamaque (Canada), Bolcana (Romania), Efemcukuru (Turkey), and Stratoni (Greece).
Continued improvement to the overall safety record with a reduction in the total recordable injury frequency rate for the third consecutive year.
George Burns appointed President and CEO in April.
Reconfigured the Board of Directors with retirements of Paul Wright and Jonathan Rubenstein and the appointment of Dr. George Albino as the new Chair.
http://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2018/Eldorado-Announces-Preliminary-2017-Operational-Results-and-Partial-2018-Guidance/default.aspx
$CAGDF NEWS
CENTERRA GOLD COMPLETES
ACQUISITION OF AURICO METALS
https://s3.amazonaws.com/cg-raw/cg/news-releases/nr-20180108.pdf
Seeking Alpha positive article about $AOIFF
Africa Oil Corporation - Almost Half Billion Dollar Growing Oil Company
https://seekingalpha.com/article/4135893-africa-oil-corporation-almost-half-billion-dollar-growing-oil-company
$LWLCF
Equinox Gold Commences Trading on the TSX-V as “EQX”
Trek Mining, NewCastle Gold and Anfield Gold Complete Business Combination to Create Equinox Gold
December 22, 2017 – Vancouver, BC – Equinox Gold Corp. (TSX-V: EQX) (“Equinox Gold” or the “Company”), formerly Trek Mining Inc. (TSX-V: TREK), is pleased to announce that Trek Mining Inc., NewCastle Gold Ltd. (“NewCastle”) and Anfield Gold Corp. (“Anfield”) have combined their businesses to create Equinox Gold, following final approval by the TSX Venture Exchange (“TSX-V”) of the previously announced plan of arrangement.
“The overwhelming support for this merger from NewCastle and Anfield shareholders underscores the long-term growth potential of Equinox Gold,” said Christian Milau, CEO of Equinox Gold. “Equinox Gold has near-term production from the Aurizona Gold Mine in Brazil, significant production upside from the Castle Mountain Gold Mine in California and an exceptional development pipeline of gold and copper assets. We look forward to reporting on progress in 2018 as we work to achieve production and build a leading gold company.”
The Equinox Gold Board of Directors includes Ross Beaty, Christian Milau, Greg Smith, Marcel de Groot, Lenard Boggio, Marshall Koval and Jacques McMullen. Ross Beaty has been appointed as Chairman of the Board of Directors.
Equinox Gold’s shares and warrants are now trading on the TSX-V in Canada under the symbols “EQX” and “EQX.WT”, respectively, and on the OTC in the United States under the symbol “LWLCF” and “LWLLF”, respectively. Anfield shares have ceased trading by way of a trading halt. NewCastle shares are expected to be de-listed shortly.
Equinox Gold’s new website is live at www.equinoxgold.com.
Equinox Gold is also pleased to report that the sale of the shares of Mayaniquel S.A. to International Nickel Supply SA (“INS”) was completed on December 21, 2017 and the Company has received the remaining US$12.5 million in cash from INS. Further, the sale of Chapleau Resources Ltd., and its Coringa Gold Project, to Serabi Gold PLC (“Serabi”) was completed on December 21, 2017 and the Company has received the initial payment of US$5 million in cash from Serabi. A further US$5 million in cash is payable within three months of the closing and a final payment of US$12 million in cash is due upon the earlier of first gold being produced from the Coringa Gold Project or 24 months from the date of closing. Payment of the future purchase price installments is secured by a pledge in the Company’s favour on the shares of Chapleau Resources Ltd. For further details on these transactions, please refer to the respective news releases issued by Anfield on December 21, 2017, which are available on SEDAR at www.sedar.com under Anfield’s profile.
Equinox Gold Contacts
Christian Milau, CEO
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: ir@equinoxgold.com
About Equinox Gold
Equinox Gold is a Canadian mining company with a multi-million-ounce gold resource base, near-term and growing gold production from two past-producing mines in Brazil and California, and a long-term growth platform with a diverse portfolio of gold and copper assets in North and South America. Early works construction is underway at the Company’s Aurizona project in Brazil with the objective of pouring gold by year-end 2018, and a prefeasibility study is underway at the Company’s Castle Mountain project in California with the objective of restarting production. Further information about Equinox Gold’s current portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.
Cautionary Notes and Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will”, “expected”, “objective”, “underway” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this news release include, but are not limited to, statements regarding the growth potential of the Company, production from the Aurizona Gold Mine and Castle Mountain Gold Mine, the Castle Mountain prefeasibility study, the potential for other assets of the Company, the date at which common shares of NewCastle will be de-listed, and expectation of receiving further purchase price installments related to the sale of Anfield’s Coringa Gold Project. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Company’s periodic filings with Canadian securities regulators, and assumptions made with regard to the Company’s ability to complete the Castle Mountain prefeasibility study and the results of the study; the Company’s ability to complete construction at the Aurizona project and the timing to achieve production; and the Company’s ability to achieve the expected growth and production potential, and the expectation that the Company will receive further purchase price installments from Serabi. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.
$LWLCF in Mining Journal
Sprott backs Trek trio in US$285 million step
http://www.mining-journal.com/project-finance/news/1310198/sprott-backs-trek-trio-ususd285-million-step
Trek Mining Finalizes US$85 Million Construction Facility for the Aurizona Gold Mine
December 20, 2017 – Vancouver, BC – Trek Mining Inc. (TSX-V: TREK) (“Trek Mining” or “the Company”) is pleased to announce that it has entered into a definitive credit agreement through its wholly-owned Canadian subsidiary, Aurizona Goldfields Corporation, with Sprott Private Resource Lending (Collector), L.P. (“Sprott”) to provide a US$85 million (C$109 million) secured project credit facility (the “Credit Facility”) that will be used for the development, construction and working capital requirements of the Company’s Aurizona Gold Mine (“Aurizona”) located in Brazil.
“With the Credit Facility now in place and the Equinox Gold merger set to close this week, construction of Aurizona is fully funded,” said Christian Milau, CEO of Trek Mining. “We expect to announce the approval of full-scale construction when the new Equinox Gold Board of Directors meets in January and remain on track to pour gold at Aurizona by late 2018.”
Key Terms of the Credit Facility
Term of 5 years
US$85 million in principal
First advance of US$15 million has been made
Subsequent tranches available to the Company on satisfaction of customary conditions
Interest at 7% plus the greater of 3-month US LIBOR or 1%
50% of interest costs capitalized to the principal until May 31, 2019
Repayable in quarterly instalments from September 2019 to September 2022 with a six-month extension election to March 2023
2.5% arrangement fee payable pro-rata on drawdown of each tranche
No requirement for hedging commitments or reserve accounts
Penalty-free repayment of outstanding principal and interest after September 2019
8,000,000 warrants to be issued to Sprott with a five-year term and an exercise price of C$1.01
Fixed US$20 per ounce production-linked payment on 75% of the first 400,000 ounces with payments to be financially settled monthly after the start of production
In addition to the Credit Facility, Sprott has agreed to provide up to US$200 million to fund future development projects and acquisitions (the “Development and Acquisition Facility”), which could include development of the Castle Mountain project. The Development and Acquisition Facility is subject to, among other items, negotiation, documentation and approval by Sprott’s investment committee.
Trek Mining was advised by Endeavour Financial and Blake, Cassels & Graydon LLP.
On Behalf of the Board of Trek Mining Inc.
“Christian Milau”
CEO & Director
About Trek Mining Inc.
Trek Mining is a Canadian mining company with a portfolio of production, near-production and exploration-stage projects in North and South America. Early works construction is underway at the Company’s Aurizona project in Brazil, with the objective of pouring gold by year-end 2018. On October 25, 2017, Trek Mining announced the signing of a definitive agreement to combine its business with NewCastle Gold Ltd. (TSX: NCA) and Anfield Gold Corp. (TSX-V: ANF). The combined entity intends to operate under the name Equinox Gold Corp. (“Equinox Gold”) and expects to trade on the TSX Venture Exchange under the ticker symbol “EQX”. Led by Ross Beaty as Chairman, Equinox Gold will be a well-financed, multi-asset mining company with a near-term gold production and strong growth platform of copper and gold assets. Further information about the proposed business combination and Trek Mining’s current portfolio of assets is available at www.trekmining.com or by email at ir@trekmining.com.
Trek Mining Contacts
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: ir@trekmining.com
Cautionary Notes and Forward-looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will”, “should”, “subject to”, “objective”, “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include statements regarding the anticipated restart of production at Aurizona, the expected merger to form Equinox Gold, and the potential to access the Sprott Development & Acquisition Facility. Although Trek Mining believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Trek Mining can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Trek Mining’s periodic filings with Canadian securities regulators, and assumptions made with regard to: the anticipated Board approval of full-scale construction at Aurizona; the ability to successfully complete mine development at Aurizona and restart production; timing of the anticipated restart of production; the Company’s ability to achieve the production and operating results estimated in the Aurizona feasibility study; the Company’s ability to complete the merger to form Equinox Gold; and the Company’s ability to realize the synergies anticipated from the Equinox Gold merger. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Trek Mining does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.
The A/S is definitely the most troubling statistic, and it's double the A/S of ACBFF which managed to reach $6 recently.
Using my own unofficial comparison of GFDFF to ACBFF, based on profile information at OTC Markets, news, and filings, my personal opinion is that we could see .50 to .75 in the coming weeks assuming Canadian marijuana stocks continue the current upward trend.
I bought and sold many times in those wildly speculative years of the internet as well, but this is a totally different animal now, and I have no idea if the current business direction is a good one. I don't disagree about taking risks, and I certainly hope they prove successful. At this point, it will all be gravy if they are.
Except for the insiders, this is a total shot in the dark for now.
$SYTE MT. MELROSE,LLC ACQUISITION 8K
Pursuant to the Purchase Agreement, the Company, through a to-be-formed limited liability company subsidiary wholly owned by the Company (the “Sitestar Designee”), will acquire, in a series of closings, substantially all of the business assets of Mt. Melrose. The assets primarily consist of 122 residential properties currently owned by Mt. Melrose and an undetermined number of additional residential properties under contract for purchase by Mt. Melrose, along with Mt. Melrose’s rights and ongoing obligations, as lessor/landlord, under all leases covering such real properties. Pursuant to the Purchase Agreement, the Company, through the Sitestar Designee, will assume, as of each closing, any outstanding indebtedness secured by the real properties then being conveyed at such closing. As of November 30, 2017, the real properties, all together, secured indebtedness having an aggregate principal balance of approximately $4,883,736.
http://secfilings.com/searchresultswide.aspx?link=2&filingid=12424876
$WFSTF NEWS
Western Forest Products to Acquire Processing and
Distribution Centre in Arlington,
Washington
GlobeNewswire
10:59 PM ET
Western Forest Products Inc. (TSX:WEF) ("Western" or the
"Company") today announced that it has entered into an
agreement with Hampton Lumber Mills-Washington, Inc.
("Hampton") to acquire Hampton's lumber processing and
distribution centre in Arlington, Washington. The purchase
price of the transaction is approximately USD $9 million and
is anticipated to close in January 2018.
"This acquisition is a natural fit for
Western as it allows us to increase the production of
targeted, finished products while also providing a
centralized warehousing and distribution centre to more
effectively service our selected U.S. customers," said Don
Demens, President and CEO of Western. "This asset in
Washington State also strengthens our global competitiveness
by positioning Western to mitigate the damaging effects of
duties on our products destined for the U.S. market."
The site is ideally suited for Western's
central distribution needs with direct rail service and
close proximity to the Company's major U.S. markets.
About Western Forest Products Inc.
Western is an integrated Canadian forest
products company and is the largest coastal British Columbia
woodland operator and lumber producer. The Company has an
annual available harvest of approximately 6.1 million cubic
metres of timber, of which approximately 5.9 million cubic
metres is from Crown lands. Western has a lumber capacity in
excess of 1.1 billion board feet from seven sawmills and one
remanufacturing plant. Principal activities conducted by the
Company include timber harvesting, reforestation, sawmilling
logs into lumber and wood chips, and value added
remanufacturing. Substantially all of Western's operations,
employees and corporate facilities are located in the
coastal region of British Columbia, with sales worldwide.
Media Inquiries:
Babita
Khunkhun
Senior Director, Communications
(604) 220-4923
Investor
Inquiries:
Stephen Williams
Senior Vice President & Chief Financial
Officer
(604) 648-4500
Forward Looking Statements and Information
This press release contains statements
that may constitute forward-looking statements under the
applicable securities laws. Readers are cautioned against
placing undue reliance on forward-looking statements.
Forward-looking statements can be identified by the use of
words such as "anticipate" and similar references to future
periods. Forward-looking statements in this press release
include, but are not limited to, the anticipated timing and
benefits of the transaction between the Company and Hampton
Lumber. Although such statements reflect management's
current reasonable beliefs, expectations and assumptions,
there can be no assurance that the proposed transaction will
occur or that the anticipated strategic benefits will be
realized in their entirety, in part or at all. Many factors
could cause our actual results or performance to be
materially different, including the factors discussed in the
company's annual information form, which is available on the
Company's website at www.westernforest.com. Forward-looking
statements are based only on information currently available
to us and refer only as of the date hereof. Except as
required by law, we undertake no obligation to update
forward-looking statements.
https://resource.globenewswire.com/Resource
Download/7e18fadd-e2ab-4990-b249-79f6fa185e1d?size=1