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i did my DD
already and i understand there is a lawsuit and there seem to be some Qs on CEOs past,
but the Annual and Q reports seem legit and done by an auditor who also has NASDAQ, Big Cos as clients
&
only 56mm shares OS, 100mm authorized and no Newsletter Spam, Promo stuff on this one is not typically the metrics on a fraud/spam stock.
I also see the CEO/board has not sold shares into the open market, but still own what they owned before.
The Royalty titles seems legitimate as well and the Operators are multi-billion $ majors.
so maybe managment is not the best ever seen, but this wouldn`t destroy my thesis that to a Oil Royalty Co like FRU at current valuation BKKN would look like a very interesting aquisition target
I am in
a Oil Royalty Co trading at cash?
Whatever the story with the CEO here is BKKN is a primed takeover target. 8,5million cash & royalty revenue of 3-4million pa. makretcap less than 12 million?
Gotta call T.FRU - Freehold Royalties i am sure they would love to buy them, at this amazing OTCBB discount price.
Reminds me of OTC.BULM i bougt at 20cents/share back in 2012, shortly after EMXX bougth them for 60cents, because of their Nevada Royalty package...
Typically royalty Cos trade 12-15 times cash flow...see T.FRU or others...
head grade of 300g/t AG + 3g/T AU
makes you wonder how low the cash costs might be! but could be very competative, means we might soon stop speaking about Renvenue multiple but a PE ratio
BUYBACK?
with those revenue they could buy back all their OS...well i know Rev is NOT EPS but looks good if they will only use 205 of revenue on buyback, they could have 100m OS in 12 month from here...OR a dividend? anyone remebers GORO? now on AMEX...bought it when noone wanted it because it traded on the OTC, but today pays me 6cents per q in dividends
this one was at 0.1 in jan 2012! guess what they will do with part of revenue = more buybacks. really blue sky here. could be another SAM (T.SAM Stacore Minerals). below 3million marketcap it looks liek a steal. As well as the management is not a gardner and his wife (like many OTC gold stocks have, scam ones of course.) as it is still below 1million marketcap it could easly be a tenbagger from here.
V.CSQ up 11% @0.39 CAN$ = FD marketcap of 50 million
PGOL takeover or TSX listing just a matter of time...
big time breakout coming 0.8US$ Fair value
this is NOT the typical Pinksheet stock. only 26million shares out.
They hold FREE CARRIED 25% interest in CANAMEX Burner property.
CANAMEX trades @ 50million FD Marketcap (they raised some funds last week)
http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=v.csq
so based upon 25% of 50million=12,5million fair value + added vlaue because the interest is FREE CARRIED, means: CANAMEX will have to raise all funds to drill and develop it, PGOL has not to spent a single penny
+ Their MOSS property is a JV with Northern Vertex Mining
http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=v.nee
50million makretcap on the TSX. again the money is spent by NEE.
POGL basically has project generator model, like EMX (EURASIAN MINERALS)
http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=V.EMX&orgsymbol=T.EMX
they recents bought BULM (OTC.BB) in a takeover valued approx 30million. If only one of those projects turns out to be great EMX might buy PGOL.
OR PGOL will do a TSX.V IPO: great value here
only 26million OS
DO your own DD
NEWS! 118 M of 4.08 g/t Au
http://ih.advfn.com/p.php?pid=nmona&article=53687500
seems like they finally found out, what a great JV property they have
GAME CHANGER!!! NEWS!
remeber this news:
http://www.marketwire.com/press-release/canamex-announces-property-transaction-concurrent-financing-application-reinstatement-tsx-venture-csq.h-1269973.htm
TODAY CSQ on the TSX.v made 300% to a 40 million FD marketcap on this amazing drill results
Canamex Intersects 360 Feet of 0.119 Oz/Ton Gold (118 Meters of 4.08 G/Tonne) Including 5 Feet of 3.864 Oz/Ton (1.6 Meters of 132.5 g/t) at Bruner Gold Project, Nevada
http://www.marketwire.com/press-release/canamex-intersects-360-feet-0119-oz-ton-gold-118-meters-408-g-tonne-including-5-feet-tsx-venture-csq-1681170.htm
25% ARE STILL OWNED ACC to latest fillings by Patroit Gold. even if management doesn`t manage to get traded on the TSX.V as well CSQ will come and byu them out to get 100% of burner property...
one word: game changer
EMX will be 3$+
before the deal closes. why? easy-
in the past newmont ALWAYS tried to maintain it`s current ownership percentage when delution was happening.
BUT EMX currently has absolutly no need for further funding, so only option for newmont to maintain it`s % will be to subcribe shares at a significant premium to market OR! buy shares in the market.
EMX 2.67
that implies a takeover value of 1.315US$ per BULM share. there is no reason for this discount. as there is very little risk that they wont find addiotnal 11% of shareholders saying yes to the deal.
AND still the possibilty of a rival bid. i`m sure newmont watching closly, maybe they come in and say. ok we make a rival bid. at current goldprice they have to give approx 8million to BULm each year...
wonder what
EMX will do about the LITIGATION AGAINST NEWMONT AND BARRICK
not a great idea to battle with your largest shareholder. they might settle for cash. which would be good.
i liked EMX taking over BULM when they first tried 2010.
good to see the morris family finally came to the same conclusion.
telling you what`s next
initial reaction of eurasian is positive, so they like the deal. usually if you have a stock deal, the stock goes down intially.
i bet that very soon newmont comes in and takes out eurasian+bulm combined. at current goldprice they need to give approx 8million per year in royalty, they are anyway a large shareholder of eurasian.
remeber fronteer gold taking over AUEX venutres? short after newmont took over fronteer...
Clearly manipulated!
had a 0.9 bid order in all day. was not filled, not a single share. although it was selling for 0.88 twice today. however, i spoke to mr. morris jr, the pr man. and actually they say:
a) will not do a PP for THX listing at such low prices!
b) are considering an initial dividend payment, as they recognize the massive undervalueation
C) will likely sinn-off the shale-oil part and finance further advancement in this sector seperatly
ALL GOOD FOR US!
well if this what will be aired today. it seems to me that someone doesn`t want to let the public know there is a small comapny (enshale/BULM) that CAN produce oil from shale oil at competetive prices.
I`m still wondering why there was no attempt yet by the majors to take us out.
Well i think our low valuation won`t last forever.
Just as an example. This week peregrine metals recieved a takeover offer woth a 350+% premium to market, the shares were trading for years sub 1$ but the major (stillwater in this case) saw true value.
So in BULMS case. if this enshale technolgy really works that way, everything under 10$/share would be low-ball offer.
believe it or not.
yeas you`re right, seems to be a stockstream problem.
sorry.
any thoughts here, when this one will finally move up again. gold back above 1500. so what`s wrong
Halted?!
stockstream shows no bid/ask?!
however, next financials should finally give this one major boost.
my estimate is something between 7 -7.5million $ in revenue.
Unfortunatly the market doesn`t even give full value to the royalties and no value to all the other projects.
i really hope they will stop adding more projects now and move foreward with the most promising,
Newmont
seems noone noticed, but Newmont anncounced today that they want to increase their óverall production to 7million ounces annually.
As i`m a shareholder of newmont as well i called the company and asked for some details and well they are pretty tight lipped, on exact numbers. but greater leeville truf is expected to be a good part of this increase. so now go figuere what BULMS royalty going to be when all part of greater leeville turf are in prduction.
NEWS: TSX listing 1Step done
NEWS
http://www.marketwire.com/press-release/Bullion-Monarch-Adds-Independent-Director-OTCQB-BULM-1417750.htm
Mr. Hurley, as one of the founding partners of McGovern, Hurley, Cunningham LLP, Toronto in 1980, worked on the initial TSE public offerings of such resource companies as Pangea Goldfields Inc. (acquired by Barrick Gold Corporation), Aurelian Resources Inc. (acquired by Kinross Gold Corporation), Detour Gold Corporation, Fronteer Gold Inc., and Labrador Iron Mines Holdings Limited to name a few. Jack graduated from Ryerson Polytechnical Institute (now Ryerson University) in Business Administration with a major in finance and accounting. Jack obtained his US CPA from the University of Illinois and his Canadian CA from the Ontario Institute of Chartered Accountants while articling with Price Waterhouse&Co. in Toronto. Jack retired from public practice in 2010 and in addition to being a director of Bullion Monarch Mining, he is also CFO and a director of Canstar Resources Inc, a TSX.V listed company.
who are the idiots selling
Gold at record highs and you can figure what next financials will look like. such silnet board for a 1000% stock. well will go back to sleep and buy if it dips more
AU 1442 AG 37.8 Oil 115
time to make new highs here. only tkes a little news to get us above 2$ and say goodbye to 1,xx$ for ever
technicals look very good now. chart looks like wonderful rounding bottom in the making.
shale oil
get`s some coverage
just wait till market finds out about BULM, when TSX listing is done they will!
New shale oil plays around the globe
http://www.stockhouse.com/Community-News/2011/Mar/18/New-shale-oil-plays-around-the-globe
this also gives you an idea how undervalued BULM is
Gold back to 1420...
BULM looks like it might make a nice rounding bottom here.
But could also sykrocket again anytime- so many possible good news. wonder when we hear something regarding TSX Main board listing.
Again. it is very simple math to see that the value of Leeville Main Mine Royalty alone to Newmont is approx 90-100Million
so shareprice should be around 2.2$-2.5$ minimum
(10times annual payments at 1300$gold)
newmont
has to pay approx. 9million $ at current goldprice to BULM a year. not tsaking into account that there are already addtional reserves defined at greater leeville - turf, the vlaue of just this 1% Royalty on leeville should be 10*9Million =90Million, speaking about a possible takeover. i mean it would make sense to newmont actually to just buy out BULM and save the Royalty for the coming years.
obviosly i do not hope that this happens, as we would loose all the upside on brazil, other royalties and of course enshale, but just to give you an idea why a takeover would make sense for newmont at least. But they know, managemnt will rejct, they still hold enough shres to say NO if they do not like a deal
yes
lloks good. to me BULM looks like the perfect stock. huge upside potential, but limited downside. Royalty payments are garanteed and there and we had a rejected takeover offer by eurasian.
+ so many possible good news in the horizon
UNREAL!
gold is not even 40$ from it`s ATH. Actually the cash flow from royalty will be even higher for this quarter. all the talk about "nuclear energy problems" + "known oil reserves decreasing" is good for the prospect of finally get the US to develop their shale oil.
anyway these days i guess you have to be happy if you`re not invested in any uraium produces or explorers.
I`m holding.
strange markets
90% of gold/silver stocks in my watchlist down - uranium miners like -30%
a) Gold is up as
B) there is NO negative whatsoever for BULM and other american/kanadian miningstocks due japan crises
C) strenghens question of energyindependence of US =shale oil will be developed sometime in the future
if you sold before
i would consider buying back now. BULM actually has a history of releasing news friday and shareprice doing nothing. then on monday after it moves significantly higher. happend 4 or more times the last 12 month
NEWS! looks like
they are addding value. slowly but surely. a property i was not even looking at, but who knows maybe new operator makes a good find.
a 1%NRS + equity position sound much better to me than owning 10% of a comp that then again owns 50%. like it!
Bullion Monarch Mining Adds to Royalty Portfolio
http://www.marketwire.com/press-release/Bullion-Monarch-Mining-Adds-to-Royalty-Portfolio-OTCQB-BULM-1410049.htm
BARGAIN TIME! QE3 coming!
all fake today Blythe Masters gang used tragedy in Japan (my prayers are with all who are affected) to manipulate Gold and silver heavily, but as always only answere of US/FED to any crises - is we will print more money!
Read this
Dudley signals Fed won't tighten any time soon
http://www.reuters.com/article/2011/03/11/us-usa-fed-dudley-idUSTRE72A3IO20110311
bought more...
thanks to those
selling today, bought more right now!
it`s actually back below the value of the rejected Eurasian takeover bid...
Why don`t you give us ONE argument why you think BULM is pump and dump?
Have you ever read the financials? - The Gold Royalty Income is there. It`s Profitable.
Even if you`d think that Enshale and all the exploration assets are worthless. Doesn`t the 6Million Income from Newmont Royalty justify current price?
- Enshale is the wild card here. True is: there are about 300 different patents on Shale Oil Processing Technology out there. But it seems to me BULM has the best. Lowest Environmental inmpact/water usage, with a resonable projected cost per barrel.
a perfect storm
for BULM Gold Silver and Oil trending higher. Middel East Problems far from over...Actually there were initial Demonstrations in Saudi Arabia today....can you imagine what happens to Oil price if more unrest spreads so saudi
further or later US has to develop it`s shale oil. 2trillion+ barrels of oil...
1. NOT CORRECT: current OS - about 39Million - some time this year 6million unexchanged rights will result in about 6million less shares. read AGM 2010 NR
+
1million share buyback ongoing
withn this aquisition we will have about the same amount of shares outstanding end of 2011 as we have now
2. ??? book looks like...some basic research would be good... a) read latest Dorave Presentation. however great properties aquiered for little money with great upside
3. not more than addtional revenue will come in. higher Goldprice = higher royalty revenue + addtional properties in production = much higher royalty
4. taking profit is never a misstake, congratulations , but you might miss the real run.- Enshale technology could be worth hundereds of millions. let`s see
5.yes but still higher than all 2010...this will change when we finally trade on TSX Main board
Strange!
Timothy Sykes
initially said this:
Bullion Monarch Mining Inc (BULM) and Sonus Networks, Inc. (SONS) have had big up days, BULM has made it two in a row while SONS is a one day earnings breakout…SONS might keep going, but it’s a $1 billion company so upside is limited (although JDSU proved even big companies can enjoy earnings breakout love) while BULM is shady and is more of a short than a long after its runup…watching both carefully.
http://www.timothysykes.com/news/17204-my-sweet-sixteen-predictions-for-march-madness-penny-stock-edition/
then i worthe him this via twitter:
@timothysykes shorting $BULM? might be a misstake imho. profitable +TSX Main Board listing soon...but if you brung it down i`ll buy more...
@timothysykes $BULM bought back own stock every year. decreased OS to below 39million...not my intrepretation of "shady"
Got this answere (kind of arrogant reply)
timothysykes Timothy Sykes
@
@weltvermesser Google the word Lebed and your ticker symbol, shady is as shady does, apology accepted, you're welcome for my honesty
i answered:
@timothysykes yeah, not happy at all that this pusher boy covers $BULM, but they do have a sound balance sheet + low OS + great expl. assets
AND NOW: instead of shorting he is a potential buyer (LOL)- from short this to buy this on dips ... interesting change of mind in short order
Bullion Monarch Mining Inc (BULM) and Sonus Networks, Inc. (SONS) both retreated yesterday a bit, but given the good news in each, I am a potential buyer of both on any big dips…I don’t they are worth shorting since they are not paid pumps.
http://www.timothysykes.com/news/17235-guess-which-stock-my-subscribers-i-just-made-75000-on/
nice
mybe tim brings this down to my 1.5 bid. would love to get filled.
1.5 is actual value of rejected EOX takeover bid.
have a bid at 1.5. thought it might go down as gold is in correction mode. hope it gets`s filled.
if it goes down today
i`ll buy more.
some say pump and dump? so if you dump you haven`t done your DD properly.
Marketcap still below 50Million. No danger of delution.
Tell me how many junior resource companies do you know which actually constantly lowered their OS. The five million shares now issued for Brazil Properties are less than the 6million of unexchanged rights which will be canceled sometime this year.
How many Gold-Juniors do you know trading below 10times revenue. The Leeville Royalty alone justifies a much higer marketcap. And the area won`t be mined out in 10 years. Read Newmonts latest update on north america operations, they`ve added significant amout of ounces and will be spending 20million on that area alone in exploration this year.
this one is profitable. period. no serios bashing argument here
some big boys, badly want your shares...look at the trading behavoir of this stock - very good sign imho
could be some players positioning for TSX listing