An article, 11 days ago, suggested this could provide some headwinds to BAA and the other miner with producing mines in the region. Has there been an update? Last week would have been a sort of deadline for the issues to be resolved.
Perhaps the most important press release on Friday confirmed the departure of Mark Klein (one of the major insiders who had been selling).
Lost those gains and then some a few days later -- perhaps because of Russia events, perhaps because there's accumulation going on, perhaps for reasons I simply don't know or comprehend. Am not wed to this stock, but will likely buy more Monday as the drop seemed to make no sense.
The folksy chart-reading "analyst" at the golprice org site is recommending that people buy... silver.
The price difference between gold and silver is almost 65 to 1 right now, and at the height of the previous gold bull market, it was around 20-1.
In other words, lots of reasons to expect ANV to keep climbing right now.
And a new Mineweb article suggests the only way gold will shoot down to the dire, Goldman-predicted 1000 price level is if sanctions on Russia, and the fallout from foreign investment in US treasuries, sends the stock market spiraling down. If that were to happen, gold would likely also fall with everything else, but gold stocks would perhaps be the best ones to accumulate as they fell as they will be the first to reverse course and move swifly higher.
China National Gold Group Corp. is in talks with Robert Friedland’s Ivanhoe (IVN) Mines Ltd. about buying a stake in a Democratic Republic of Congo copper project, people with knowledge of the matter said.
China’s largest gold producer may seek to acquire about 15 percent of Ivanhoe’s Kamoa project, said two of the people, who asked not to be identified as the talks are private. Ivanhoe is also considering selling a stake in itself, one person said. The Kamoa mine had a net present value of about $2.5 billion after taxes as of November, according to Ivanhoe’s website.
Chinese metal producers are seeking to take advantage of commodity price declines to buy assets overseas. The biggest global mining companies are selling their higher-cost projects and writing down asset values after almost $1 trillion of acquisitions in the sector over the past decade. China National Gold last year ended talks to acquire Barrick Gold Corp. (ABX)’s African unit.
Ivanhoe is also in discussions with other Chinese companies, one of the people said without identifying the parties. Wu Zhanming, a spokesman for China National Gold, declined to comment.
In an e-mailed response to questions, Ivanhoe said it’s in discussions to pick “one or more strategic partners to help finance the development of the Kamoa copper project.” The company declined to comment further.
The Kamoa project, about 270 kilometers (168 miles) west of the provincial capital of Lubumbashi, is 95 percent owned by Ivanhoe with the government owning the rest. The company said in November that the mine would cost about $1.4 billion to build and produce 300,000 tons a year of copper. The mine holds an indicated resource of 43.5 billion pounds of copper, according to Ivanhoe’s website.
Ivanhoe, valued at C$937 million ($846 million), also owns the Kipushi zinc and copper project in the DRC and Platreef platinum and copper project in South Africa.
Sentiment: Strong Buy
Wednesday, March 19, is reporting date and update from the company.
Curious, was this article recent? I ended my Exploration Insights in December (had been losing big time with my gold miners then, and wasn't actually invested in his portfolio, aside from MIDAS).
As for Colorado Resources, they just seem like real miners to me. When their stock goes down, it's often because they release more information than other miners (ie every hole, the good and the bad). And they have an integrity to them, which makes me believe their optimism when they are optimistic.
Of course, little has paid off for them, as the stock has really tanked, but in the long run, expect good things.
It just documented Gramercy Funds' huge position. I realize this was partially a negative (ie the dilutive financing), but once such a huge position from a single financial company is established,
good things often tend to happen. Best of luck:
Mar 10/14 Feb 28/14 Gramercy Funds Management LLC Control or Direction Exchangeable Preferred Shares 00 - Opening Balance-Initial SEDI Report 16,650
Mar 10/14 Feb 28/14 Gramercy Funds Management LLC Control or Direction Exchangeable Preferred Shares 00 - Opening Balance-Initial SEDI Report 600
Mar 10/14 Feb 28/14 Gramercy Funds Management LLC Control or Direction Exchangeable Preferred Shares 00 - Opening Balance-Initial SEDI Report 144
Mar 10/14 Feb 28/14 Gramercy Funds Management LLC Control or Direction Exchangeable Preferred Shares 00 - Opening Balance-Initial SEDI Report 2,106
Mar 10/14 Feb 28/14 Gramercy Funds Management LLC Control or Direction Exchangeable Preferred Shares 00 - Opening Balance-Initial SEDI Report 500
Mar 10/14 Feb 28/14 Gramercy Funds Management LLC Control or Direction Exchangeable Preferred Shares 00 - Opening Balance-Initial SEDI Report 20,000
Mar 10/14 Feb 28/14 Gramercy Funds Management LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report 130,417
Mar 10/14 Feb 28/14 Gramercy Funds Management LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report 1,255,000
Mar 10/14 Feb 28/14 Gramercy Funds Management LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report 3,300,000
Mar 10/14 Feb 28/14 Gramercy Funds Management LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report 3,652,250
Currently, CRUMBS is 10 percent of my portfolio but I am only working with 35000 dollars total....so slightly less than 7000 shares. The amount is sizeable for me, not sizeable in almost any other definition...
Silver needs to break out in the same way as gold to benefit ANV in a more long-term manner. As of yesterday, silver still traded under 200 day average, but it seems to be moving up a little today and is perhaps playing some catch-up to gold.
Unless they announce another equity financing tomorrow, expect the rally to continue. Congrats to all...
Should add that I tried to buy shares today near the BID price. Each time an offer was placed, the BID price was elevated 1/100 a penny. After a few attempts, I lost interest and bid on something else.
Whoever controls the ticker here is effectively keeping buyers to a minimum. That seems a bullish sign in some sense to me -- some buyer is definitely trying to create a sizeable position before the stock gets pushed upward -- but of all the bullish reasons to invest in a stock, this is among the least satisfactory to me...
I actually am very hopeful that stock will somehow jump before earnings release. Also think this quarterly will be a little better than past quarterlies. It definitely will convey more hope and optimism re: the changes they are implementing.
But as for the last week, it's definitely hard to find a more weakly traded ticker, where almost all trades being made are by one entity trying to play with the ticker price. That said, this is the price range which initiated the last jump, and one must have hope for a repeat.
Penny stock tickers that have no underlying company generate more action; the total inactivity suggests that the stock ticker should be carved onto each cupcake.
Analyst upped price targets, and see this long-term play having some immediate momentum going forward. Analyst article available on Stockhouse, as well as some negative comments immediately preceding it.
Keep in mind that cash costs is different than all-in-costs... this remains an expensive producer that's utterly dependent on higher gold prices, and its addiction to equity financings as a producer is not a very desirable trait.
Still a great stock at a particularly low PPS, and a much easier stock to profit from than most other producers. It seems all about finding a good entry point and not being too greedy.
The rent is high in the Union Station location (which I frequent), but they seem to do okay there. I do think they've never thought their high prices were part of the problem, and would agree to anyone who thinks a cheaper cupcake will help the store more than a prettier cupcake.
Rather than serve fancy coffee, I also think they should give away free black coffee with every purchase of an oversized cupcake (or with every purchase exceeding a certain price amount, like $5, etc).
Anyway, I think they'd have major problems only if they had horrible product -- which i don't think they do. But they have over-positioned themselves as a high priced boutique bakery chain, which they hopefully will work to undo over time as they venture into low-rent locations, etc.
Contains updated information. Mentions there will be drilling this year (a good catalyst) but primarily things to derisk project. The definitive feasability study no longer says it will come out Q1, so likely won't. Production is now geared for 2017, which is more realistic, given the additional papers they are writing, etc.
The NAV chart is interesting, and definitely suggest the stock will jump three- or fourfold if gold starts an unexpected rise into 1500 territory. At current prices, the risk/reward might make it less attractive to some investors, as it will likely hold the risk until it is officially allowed to start building the mine.
He says he has no idea how much money the project will mean for the state. (Mr. Pritchard says the mine will generate about $226-million in federal, state and local taxes over 12 years.) But Mr. Colares would seem very determined that the federal agencies are not going to take away his power to make these decisions, and if they oppose Belo Sun, he is determined to see it happen.
"We don't need to consult with [the federal agencies] ... They're just making confusion," he says. "It doesn't matter if the mine is 9, 10 or 11 km from [the indigenous people] – it doesn't impact them – even their border," he said.
Many in the environmentalist community here speculate that Belo Sun intends to sell the mine now that it has an environmental licence; Mr. Eaton insists they will build.
"We've spent $35-million on engineering studies to build it," he said. He gestured toward the rough wooden core sheds that house the 175,000 metres of rock the company has drilled, at the stacks and stacks of trays that hold the proof this land is seamed with high-grade ore. "It's a great project. It's a good enough project that I believe we will end up building."
The oversight of federal agencies makes for a good system, in theory, he said – "making sure someone doesn't just come in here and trample over the indigenous people," he said. "But in practice it's been a little harder. I'd rather spend money on geologists than lawyers."
Perhaps fortunately for Belo Sun, the company happened into a situation where the Environment Secretary who must sign off on their permits is palpably irritated with environmentalists and others who oppose the dam, whom he views as professional opponents of progress, and fed up with federal interference in his state. Mr. Colares is having none of the public prosecutors' objections, or of the suggestion that because of the mine's proximity to the dam, the changed river flow and the indigenous lands, that federal regulatory agencies should also be involved.
He opens a discussion about Belo Sun with a long list of grievances. "The effects of mining on the local economy are minimal," he said. "In the installation phase they employ thousands of people but when they operate, the number of employees falls dramatically because these are very technical, innovative projects, not reliant on human labour. The federal government exempts them from taxes so that Brazil will be internationally competitive."
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