Al's Insights – Tue 2 Aug, 2016

Don’t look to others to solve problems, God gave you the ability to do it yourself.

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“Al’s insights with a whole lot of help from Chris Temple”

 


Featuring:
Al KorelinChris Temple

Comments:
  1. On August 2, 2016 at 4:15 pm,
    DFS says:

    Democrat congress-critters are buying S&P puts. That sounds cheap insurance!

  2. On August 2, 2016 at 4:29 pm,
    DFS says:

    e.g. Judy Chu from California, also shorting and buying puts on bonds, as well as S&P

    • On August 2, 2016 at 4:35 pm,
      DFS says:

      Chu. CA 27th
      Ranking Member, Subcommittee on Economic Growth, Tax and Capital Access

      For the record.

      • On August 2, 2016 at 4:43 pm,
        OOTB Jerry says:

        Just another scum bag insider trading

        • On August 2, 2016 at 5:14 pm,
          DFS says:

          Congress-critters are not subject to insider trading rules. They exempt themselves.

          • On August 2, 2016 at 5:16 pm,
            OOTB Jerry says:

            Then she is just congressional scum

          • On August 2, 2016 at 5:20 pm,
            OOTB Jerry says:

            Term limits needed

          • On August 3, 2016 at 5:24 am,
            OOTB Jerry says:

            This kind of gov’t representation we can do without…..wake up people

    • On August 2, 2016 at 5:55 pm,
      Ebolan says:
      • On August 2, 2016 at 7:32 pm,
        LPG says:

        Ebolan,
        You crack me up sometimes…
        Hope all’s well.
        Best to you,
        LPG

      • On August 2, 2016 at 9:24 pm,
        Excelsior says:

        Speaking of Chu on….. and chew on…..Here is something to Cheechoo on….

        __________________________________________________________________________

        As you may know Siros Resources (SOI.V)) (SIREF) recently released this:

        SIRIOS Confirms Its 100% Interest in the Cheechoo Property

        MONTRÉAL, QUÉBEC–(Marketwired – July 27, 2016) – “Management of SIRIOS is pleased to announce the receipt of official documents confirming the transfer to Sirios of the 55% interest owned previously by its partner of the Cheechoo gold property. Sirios now owns 100% officially this property located in Eeyou Istchee James Bay, Quebec at 800 km north of Montreal and at less than 10 km from the Éléonore gold mine of Goldcorp….”

        _______________________________________________________________________

        There is some genuine curiosity from the mining community about this exploration play, and I believe John Kaiser has even mentioned Sirios on the KER in past audio interviews…..

        There is a prospect generator company, Golden Valley Mines (GZZ.V) (GLVMF) that actually owns(4.1%) – 4,148,374 shares of Sirios Resources Inc. (TSXV:SOI)
        (+) In addition, Golden Vally Mines has a 2.5–4% NSR on the Cheechoo Prospect

        So that really caught my interest when someone else pointed that out to me. However, what they shared with me next about Golden Valley Mines seems like a weird over-looked opportunity…. or it is very possible that I just don’t understand this valuation correctly. I’d appreciate any feed back on this next part from anyone on how to value the 49% ownership of Abitibi Royalties (RZZ.V) (ATBYF) ???

        __________________________________________________________________

        Abitibi Royalties is also a prospect generator, that Rob McEwen has a large interest in (he owns 12%), and his protege Ian Ball is at the helm.

        — >>> IAN BALL, Director as well as the CEO & PRESIDENT

        Mr. Ball was formerly the President and was previously Vice President (Mexico)/Senior Vice President of McEwen Mining. He is credited with leading the McEwen Mining team that built the El Gallo 1 mine on time and budget, in addition to making the El Gallo 2 discovery in Mexico. Previously, Mr. Ball worked for McEwen Capital, where he was responsible for raising capital, structuring transactions and managing exploration programs throughout North America. Mr. Ball has played a role in various mergers and acquisitions throughout the natural resource sector, which have a combined market value of $11 billion. He originally began his career with Goldcorp in 2004.

        ___________________________________________

        Here are some stats on Abitibi Royalties (RZZ.V):

        – 13 Royalties
        – 3% NSR Odyssey North (CDN Malartic)
        – $57.8 MM Securities/Cash
        – NO DEBT
        – Generating Cash Flow
        – Small Share Count: 11,336,243
        – Authorized Buyback: 546,300 shares
        – They have Repurchased: 77,600 shares since Oct 6, 2015 to present at an Avg. Cost $3.19 (Their share price in RZZ closed at $7.72 this afternoon). They have the option to buy back more shares through Oct 5th of this year.)
        – $25.7 Million Yamana Shares + $29.2 Million Agnico Eagle Shares (as of June 2, 2016)

        *** Check out page 30 for a listing of all Abitibi Royalties Net Smelter Royalties:

        http://www.abitibiroyalties.com/investors/presentations/July-2016_final.pdf

        ____________________________________________________________________

        So back to Golden Valley Mines…….. (GZZ.V)

        Besides their 4% interest in Sirios (100% interest achieved in their Cheechoo project) and Golden Valley will have a 2.5-4% NSR………..

        (GZZ.V) owns 5,605,246 shares of Abitibi Royalties $RZZ This flagship asset of 49.4% ownership of Abitibi Royalties Inc. gives them half the exposure to Canadian Malartic & Abitibi’s other multiple Royalty streams !! (Why don’t more people talk about that?) Why is Golden Valley so cheap? Am I missing something here?

        If anyone has any thoughts on this, please post something under this as I’m trying to wrap my head around that.

        _______________________________________________________________________

        In addition to that, Golden Valley has a 60% ownership of Nunavik Nickel Mines Ltd. $KZZ

        In addition to that Golden Valley has a 37% ownership of Uranium Valley Mines Ltd. $VZZ-H (Rob McEwen from $MUX also holds 36% of this company) (Wowzers!!)

        *GZZ currently owns 100% of Lac Barry Prospect
        -GZZ granted an option to BonTerraResources Inc. (TSXV:BTR) to acquire an 85% interest in the Lac Berry Prospect and a 3% NSR

        ___________________________________________________________________________

        Anyway, I don’t know quite how to value all that, but if anyone has any thoughts they would be appreciated.

        It makes no sense why anyone would purchase Abitibi Royalties for a 51% interest in their company, when they could get 49% of Abitibi by way of Golden Valley, and then also get access to 4% of Sirios, 60% of Nunavik Nickel Mines, 37% ownership of Uranium Valley Mines, and 15% of the BonTerraResources Inc. JV project after they do their earn in work + the 3% NSR. Right??

        • On August 2, 2016 at 9:32 pm,
          Excelsior says:

          It has also been postulated, that Osisko Gold Royalties could have a backdoor into owning roughly half of Abitibit Royalties by way of Golden Valley Mines. For a second act Osisko may then take out Abitibi’s 51%, and they’d have picked up 60% in a Nickel company, 37% of a Uranium company where Rob own’s 1/3 as well, and 15% of the Gold project with Bonterra Resources.

          It is like a series of Russian dolls stacked inside of each other to keep up with all this…

          Golden Valley Mines Corporate Presentation:

          http://www.goldenvalleymines.com/investors/presentations/GZZ-July-2016-ws.pdf

          • On August 2, 2016 at 9:36 pm,
            Excelsior says:

            GZZ also owns 100% of the Cheechoo“B”and Sharks Prospectsin the James Bay area
            -100%-owned properties consist of 93 claims, totalling 4,857 ha, and is seeking JV partners

            That is right next to Goldcorp’s Eleonor Mine.

          • On August 2, 2016 at 9:38 pm,
            Excelsior says:

            Something for investors to Chu on….. chew on….. and Cheechoo on….

          • On August 2, 2016 at 9:49 pm,
            Excelsior says:

            Wait a minute……….

            I was reminded of some very enlightening wisdom on the KER tonight:

            “DON’T LOOK TO OTHERS TO SOLVE PROBLEMS, GOD GAVE YOU THE ABILITY TO DO IT YOURSELF.”

            Please disregard everything I just wrote above. I apologize for reaching out to others to solve this problem……. (slow learner 🙂 )

            I’m going to do it myself and figure this out………………….. 😉

          • On August 2, 2016 at 9:54 pm,
            Excelsior says:

            With this new “Can Do” attitude, I am also going to go take out the trash, and let the little lady know I did something productive……… 😮

          • On August 3, 2016 at 7:18 am,
            Chartster says:

            Hey Excelsior, put your peepers on ZSL…
            Not quite yet, but c l o s e!

          • On August 3, 2016 at 8:22 am,
            Excelsior says:

            Hi Chartster – are you expecting a Silver dip soon?

            Silver and the PGMs have been pretty strong lately, but I wandered what time frame you were looking at for a corrective move and how long you’d expect it to play out? (days, weeks, months?)

          • On August 3, 2016 at 8:31 am,
            Chartster says:

            Yea Man… I’m expecting a smack down soon. It still could go up more before that happens, but technically, the weekly looks close to cooked. I think the rest of August and into September could be bad for PMs. I doubt we see news lows, but it looks like it going to get hit hard.

          • On August 3, 2016 at 9:47 am,
            Excelsior says:

            Peepers on high alert then….. Thanks.

  3. On August 2, 2016 at 4:29 pm,
    Excelsior says:

    Good thoughts guys. Personal accountability – it seems obvious doesn’t it?

    Most people want someone or something else to save them though….. and if that doesn’t happen, then they can play the blame game or victim card.

    • On August 2, 2016 at 4:34 pm,
      Excelsior says:

      BTW – Thanks Big Al and Mr. T for having great attitudes in life. It is refreshing!

      • On August 3, 2016 at 5:12 am,
        Marty says:

        Ex, speaking of Great Attitudes this morning, I had my 1st 40 BAGGER since Western Silver, I think in 2007; SilverCrest Metals, from .114 to 2.28! Or in other words $757 to $30,000+ in less than 10 months, Hallelujah & Amen!
        As Bill Murphy says it, You GATA be in it to WIN IT!

        • On August 3, 2016 at 8:34 am,
          Excelsior says:

          Marty – that is an INCREDIBLE return in Silvercrest Metals. Fantastico!

          Again, it is bittersweet as I had a position in Silvercrest Minerals before the First Majestic merger, and then bought Silvercrest Metals after the merger at a low price. Unfortunately, I sold it much earlier in the year to bet on different Silver stocks and most of those only ended up being 2-5 baggers (which is still some of the best returns I’ve had in Silver for a while), but I’m kicking myself for doubting Silvercrest and exiting it.

          Congratulations though – well done sir!

      • On August 3, 2016 at 5:15 am,
        Marty says:

        Ex, speaking of Great Attitudes this morning, I had my 1st 20 BAGGER since Western Silver, I think in 2007; SilverCrest Metals, from .114 to 2.28! Or in other words $757 to $15000+ in less than 10 months, Hallelujah & Amen!
        As Bill Murphy says it, You GATA be in it to WIN IT!

        • On August 3, 2016 at 5:17 am,
          Marty says:

          I guess I got a little excited at 1st with that 40 bagger. Sorry folks!

          • On August 3, 2016 at 5:21 am,
            Marty says:

            Selling 60% of SVCMF @ $2.50 price objective.(PO)

        • On August 3, 2016 at 9:54 am,
          Excelsior says:

          It is wise that you have a set a Price Objective for a partial profit. I love it when a plan comes together.

  4. On August 2, 2016 at 5:08 pm,
    LPG says:

    « Attitude is a little thing that makes a big difference » – W. Churchill

    LPG

  5. On August 2, 2016 at 6:00 pm,
    Whit says:

    Thanks Big Al…. and Mr. Temple. This is why I listen every day. Great attitude will lead you.

  6. On August 2, 2016 at 7:15 pm,
    Mark says:

    Heard your comment, “Trump acting like a buffoon.” I truly wish you would talk with Doc a lot more.

  7. On August 3, 2016 at 3:57 am,
    Bobby says:

    speaking of God, here are some of His words regarding how we should receive authority:
    Romans 13 full chapter.
    Luke 12:11
    John 7:26
    Acts 16:19
    Ephesians 3:10
    Ephesians 6:12
    Colossians 1:16
    Colossians 2:15
    Titus 3:1
    1 Peter 3:22

  8. On August 3, 2016 at 5:25 am,
    Marty says:

    Perhaps most appropriately at this time 1Timothy 2:1-3= Pray for those in Authority that we may have peace……

    • On August 3, 2016 at 6:27 am,
      OOTB Jerry says:

      Who will have all men to be saved,and come into the knowledge of truth 1 Tim 2:4

    • On August 3, 2016 at 6:53 am,
      OOTB Jerry says:

      Proverbs 29:2…..When the righteous are in authority, the people rejoice, but when the wicked beareth rule, the people mourn.

    • On August 3, 2016 at 7:04 am,
      OOTB Jerry says:

      Proverbs 26:26….A righteous man falling down before the wicked is as a troubled fountain and a corrupt spring.

  9. On August 3, 2016 at 6:01 am,
    OOTB Jerry says:

    Psalms 4:3….The Lord will hear when I call upon him

  10. On August 3, 2016 at 6:08 am,
    OOTB Jerry says:

    Psalms 5:4. ..For thought art not a God that hath pleasure in wickedness;neither shall evil dwell with thee