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Canarc Resource Corp. Message Board

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  • Reply to

    Waiting for the next round of phoney bologna

    by ageaglesrock Jul 3, 2014 9:53 PM

    Yeah, i bought more Canarc a few days ago. It's speculative, but only got about 9% of my assets in Canarc shares, got about 50% in EXK, and really like silver here more than gold, got the rest in PPP, STADF, which are very solid, and then got some other speculative plays like CLGRF and MEAOF. We longs could use a little good luck. It can happen. They might close a deal and start producing gold, or they might find the elusive elephant at Windfall Hills, or both. Speculative plays are interesting because they are so risky. Not for everyone.

    Don't see why it's so critical that Canarc and Endeavour stay totally separate, but maybe that's just me.

    Gold is trying to break out, that would be a good thing.

    And the board needs a guy like birdrock to get us all worked up, keep us thinking and get the juices flowing.

    GLTA (because we all need it)

  • Reply to

    Waiting for the next round of phoney bologna

    by ageaglesrock Jul 3, 2014 9:53 PM

    Ag,
    I don't know whether you're in or out of this stock, but I'm in, and glad of it--regardless of the roller coaster ride it's been, ever since I got in (about 1.5 to 2 years ago)--and I'll tell you why:

    From day one, I've been convinced of one thing: with the kind of track record he established with Endeavour, I don't think Brad Cooke is going to risk his reputation on an undertaking that he expects to fail. He has no reason to short his own stock--in fact, he's generally one of the people buying when a private placement is needed. I don't think he would personally tout the company, comparing its intended business model to Endeavour's, unless he really believes he can make that happen.

    For any number of reasons, he hasn't had the cash for, or wanted to personally underwrite, the entire process of acquiring an operating mine or advancing New Polaris to feasibility. I don't blame him at all for that. I think he SHOULD raise the money through others. And as you pointed out a long time ago, it's to Brad's credit that he's keeping Endeavour's finances separate from Canarc's.

    Now, with the arrival of Catalin, with his energy and his apparent connections to willing sources of financing, the prospects for everything--acquisition, exploring, developing, advancing--appear more realistic. We now have the wherewithal to get things done. Find the right property, run by the right people, and we're off to the races. It could've happened with Pan Am, but they weren't up-front about ownership, and that came out in the due diligence. That's no more a besmirching of Brad, Catalin, or Canarc's name than it would be yours, if you were trying to buy a house, and the title search showed that there was a lien on the property. The only mistake they made was to look ahead a little too eagerly.

    They're now evaluating a property that holds all the promise of Pan Am, but without the problems, and I think it bodes well that things are quiet. No jinxes, please.

    Bill

  • Reply to

    Waiting for the next round of phoney bologna

    by ageaglesrock Jul 3, 2014 9:53 PM

    Somewhat like it, but gamey-tasting and pretty tough to chew. Think of it as rogue chicken. I don't mind having to eat it, but resent my resulting attraction to shiny metal objects. Makes me want to spend way too much time hanging around hardware stores.

  • 1. Issue shares out the wazoo to raise cash
    2. Willy Nilly select projects
    3. Abandon Willy Nilly projects
    4. Issue more shares out the wazoo to raise more cash

    Repeat and rinse. Guys like sunny eat this stuff up.

  • Reply to

    Waiting for the next round of phoney bologna

    by ageaglesrock Jul 3, 2014 9:53 PM

    dawg,

    If you bought more Carnac; you must have a supersize sense of humor.
    LOL and BOL to you. You're gonna need it.

  • Reply to

    Waiting for the next round of phoney bologna

    by ageaglesrock Jul 3, 2014 9:53 PM

    Bill,
    That was pretty funny. Nice to see a sense of humor here.
    Is crow anything like chicken?

  • Ag can kiss my #$%$.

    He has lost money here because he bailed and sold at a loss.
    I have NO problem with management here. They have personally participated in every phase of the new financing and are all heavily invested,

    Management is extremely active in trying to put deals together, If we go down, at least we've gone down swinging and not taken the chicken #$%$ way out lie AG.

    Just wait until this stock rises above $.25 again and watch him cry then.

    I invested in this company, and I like my position much more than I did 2 years ago.

    Longs will do great here. By the end of the year we will be glad we hung in here.

  • Reply to

    Waiting for the next round of phoney bologna

    by ageaglesrock Jul 3, 2014 9:53 PM

    yeah, can't say that I'm a fan of spam, but did buy some more CRCUF this morning, another 8k shares
    i don't each much steak, but I like the no news no hype as the company tries to get a deal done
    the key to being a happy CRCUF shareholder is low expectations (JMO)
    i like the drilling they are doing on Windfall Hills, like how they have NP as a long-term asset ,
    like the management, like the sector,
    rebalanced the other day,
    and now EXK is again my largest holding.
    GLTA

  • Reply to

    If it works CRCUF

    by callerwinter Jul 8, 2014 1:45 PM

    good post keep it up

  • This #$%$ is actually awesome! check out Hulk Alerts on yahoo! I have been watching their trades recently and they have some sweet setups. Do it!

  • Reply to

    Waiting for the next round of phoney bologna

    by ageaglesrock Jul 3, 2014 9:53 PM

    Something is going on with CCM.TO this morning.

    I liked Aggies last post, yeah, it was negative, but he admitted he was out of dry powder,
    out of patience and out of powder, out of sorts...

    but I still liked the post

    gold and silver are getting ready to launch,
    that's what i think, and if you say it every day,
    then one day you'll be right, no?

    really like silver a bit more than gold here, but either one will do,
    so would oil, GLTA

  • Reply to

    Waiting for the next round of phoney bologna

    by ageaglesrock Jul 3, 2014 9:53 PM

    Aggie,

    Luckily, I have some great recipes for Spam, including Spam Wellington, Spam-kabobs (or Spam on a Stick), and Spam in a Blanket (which is kinda like Spam Wellington, but much smaller).

    I also have some pretty good recipes for crow. I'll save them for you, as you'll probably be asking for such in a couple of months.

    Cheers,

    Bill

  • Reply to

    Waiting for the next round of phoney bologna

    by ageaglesrock Jul 3, 2014 9:53 PM

    OK. I'm buying more CRCUF shares on Monday,
    yeah, I hope they can do a deal to start mining this year, they are so good at that end of the business

    sold a lot of PPP last week and bought more EXK and MEAOF, silver is such a great metal, got to have a silver miner, and mine is EXK, still got some PPP too, that one is too good to let go of completely, GLTA

  • Brad and Catfish hold the world's record in this category.
    When's the next round of dilution? How many shares outstanding now?
    And for zero progress. Almost got delisted.

    LOL, I would bet Brad and Catfish are having steak for July 4th(and it ain't even their country), but
    sunny, bill and dawg are having canned spam on the barbie. MXOM,,,, are you kidding?? sunny, how much
    did that cost you? Never mind, your answers can't be trusted. I hope no one reading your junk followed you into that trade.

    Cheers to all and scoop up some more shares. Brad and Catfish have to eat.
    Oh, and say your prayers facing north. LOL

  • Reply to

    Ready? Begin.

    by billabeau567 Jun 29, 2014 4:46 PM

    I'd like to be offered the kind of deal the insiders are getting on their shares and warrants. Not that I could do anything about it: I don't have any dry powder left. I loaded up, back when Canford was still in the picture. So I'm stuck where I am, and underwater for the time being.

    But it would be nice just to be invited to the party.

    Regardless, here's hoping that in a few months (and certainly, in a couple of years) I won't care whether I got in at 4 cents or 14 cents (which, by the way, IS where I'm stuck.) Seeing prices like that in the rear-view mirror will, hopefully, be reason enough to laugh out loud.

  • Reply to

    Ready? Begin.

    by billabeau567 Jun 29, 2014 4:46 PM

    Good Morning Bill

    Funny. I heard the same report.

    They HAVE found a mine and are trying to work the details out. Good news there.
    Windfall Hills drilling meets the TSX requirement. Good news there.
    They raised $400,000 in a PP from insiders.- I consider THAT to be the best news going forward. Nice to see people putting their money in the pot.

    I like our position here. We have well over $1M in cash. We have a potential producing mine acquisition. Windfall Hills is a possible home run, and NP is still in the works.

    Good Luck to everyone.

    Dreaming of domestic beer and a convertible!

    Sunny

    Sentiment: Hold

  • Starting to gain a little traction now. Finally, we'll find out a bit about what's lying hidden at Windfall Hills. I consider that to be a positive. Granted it's only the first step in a lo-o-o-ng process, but at least it's a step. Can't wait to see the drilling results.

    The newest potential acquisition target evidently isn't producing a raft of problems like the last one did. I take that as a positive, too.

    Wouldn't it be nice to have back-to-back GOOD announcements this fall? I'm going to try to think that way, as much as possible. Can't hurt.

    Bill

  • Reply to

    anyone out there?

    by win1stock Jun 2, 2014 8:43 PM

    pearls of incite? guess you mean insight
    also not sure who winny is, but that's OK
    it's all good

  • Reply to

    pretty dramatic price change today, so far

    by crusaderdog358 Jun 16, 2014 12:14 PM

    One additional thought: the "falling apart" was on someone else's part, not ours. I'm convinced that we have the right people on the job and, thankfully, now have some financial backing. If the current object of our attention doesn't have skeletons in the closet like Pan American had, hopefully we can reach a mutually beneficial agreement and--finally--get some real traction.

  • Reply to

    pretty dramatic price change today, so far

    by crusaderdog358 Jun 16, 2014 12:14 PM

    I still expect to hear an announcement this month about drilling at Windfall Hills. I guess that leaves us this week, and a little of next week, eh? Whenever it happens, we could use some good news.

CRCUF
0.08140.0000(0.00%)Jul 9 1:02 PMEDT

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