Rick is back with his technical outlook on Platinum, NUGT and Otis Gold
As promised Rick Ackerman is back from his trip and here to share his technical outlook on some charts asked by you. Here are the charts we look at today:
- Platinum,
- 3X Gold Miners Shares ETF – NUGT,
- Otis Gold – OGLDF and TSX.V:OOO – Click here to visit the Otis Gold website.
To find out more about Rick’s service click here. He also offers a daily tout for free each morning.
If you have any charts that you want Rick to look at please email me directly at Fleck[at]kereport.com.
Click download link to listen on this device: Download Show
What I find interesting about Marlin Gold is that they are a hybrid company where they are 1/2 Gold Producers & mine Developers, and the other 1/2 is a Royalty & Streaming company with partnerships with Endeavour Silver, Kootenay Silver, and Golden Reign Resources.
*The other thing that really got my attention was how TIGHTLY HELD this stock is.
> 84.34% is held by the management team from Wexford Capital LP
> 14.80% is held by US Global Investors
> 0.63% is held by Fiera Capital
> **** only .023% of stock is held by all other investors! (that’s crazy to me)
{See page 6 of their Corporate Presentation below}
______________________________________________________________________________
> Info on their production from their La Trinidad producing open-pit heap leach Gold mine in Mexico is on (pages 9 -12)
> Info on their Commonwealth Silver/Gold Development Project in Arizona is on {pages 14-17}
_______________________________________________________________________________
1) San Albino: 20-40% gold stream at US$700/oz [Operator: Golden Reign Resources]
2) El Compas: 1.5% NSR royalty on the concessions hosting the primary deposit at El Compas [Operator: Endeavour Silver – they bought this from Canarc]
3) La Cigarra: 1% NSR on the concessions adjacent and surrounding the main project area at La Cigarra [Operator: Kootenay Silver]
______________________________________________________________________________
Marlin Gold Mining Corporate Presentation:
http://www.marlingold.com/MLN%20Corporate%20Presentation_Web.pdf
At $99M, MLN is trading at 6x book but it still looks like it has at least 20% more upside and probably more like 30%.
I have no position and do not follow it.
Thanks for technical targets Matthew. It is hard to get much of a position in Marlin because the stock is so tightly held and the insiders keep gobbling up more and more of it whenever any sizeable amount of shares are available.
I’ve been nibbling at it little by little when I get a chance as a profit dumpster.
They will eventually spin out Sailfish as a Royalty & Streaming company and keep some interest in it. (I figured you may be interested in their stream with Golden Reign).
Hi Ex,
not sure you know this, but they tell me you have to e-mail Corey and or Al to make ticker tech calls.
AMI/Aurico holding strong here!
Yep – Good point. I’ll send Mr Fleck an email. Thanks.
Yes, Aurico has been doing well, as have a number of Prospect Generators and Royalty companies. There were a number of people that mentioned you couldn’t make any decent returns in these companies, but we’ve seen a bunch just skyrocket up as much as regular mining stocks, and yet they are also diversified across multiple projects, jurisdictions, and asset classes. I believe this is their appeal to investors and why they feel comfortable continuing to add to their positions.
NUGT is like playing with dynamite. Miners are already 3 to 5x leverage so NUGT is about 9 to 15x. I have started buying some GDX on the sharp dip today. I had none.
By checking the “inspect” box at the top left corner of the following chart and using the crosshairs that come up, you can see that gold is currently bouncing from the top of that modified Schiff fork (but the chart won’t show today’s action until this evening):
BTW – I mentioned yesterday that Nicola Mining (HUSIF) (NIM.V) was halted for a news release. Well they released the news and the stock today, and had some VERY encouraging drill results on their Thule Copper project @ 1.11% Copper (with the small section @ 2.71%) This was a past producing mining area so there is likely much more to come. Fun times!
HUSIF was up over 70% earlier today but I was side-tracked and didn’t trim until it had dropped a bit to over 50% gain. Now it is up a little over 25%, but still it has been quite the success today.
Cheers!
Nicola Mining Inc. Intersects 1.11% Copper Over 85.92 Metres at the Thule Copper Property in Southern BC
by Nicola_admin | Sep 7, 2016
Nice one Shad !
Best,
LPG
Thanks.
Congrats Ex,
Great stuff.
Cheers.
Thanks Skeeta.
Nicola Mining Inc. (NIM.V)
$0.29 up +$0.07 (+31.82% gain)
Nicola Mining Inc. (HUSIF)
$0.234 up + $0.0655 (+38.87% gain)
Not too shabby!
EX, you justly reap your rewards with your diligence. Way to go.
Thanks Marty. I’ve been posting on Nicola here on KER for a while (been following them since they were Huldra Silver) and mentioned when it was in the the $.04-$.05 range earlier this year that I had high expectations for them with the Mill (because they are now tolling Gold for other mines) and really I was still enthusiastic about their Silver assets. What I didn’t fully realize was how endowed their Copper resources are at Thule, so I may move them off the Silver list and over to the Copper list. I’ve mentioned in the past that they also have a Gravel Pit that they have Joint Ventured on, but I don’t have a Gravel list 🙂
What’s he eating?
Shall we open a book on it?
I’m going with spaghetti vongole.… Of course, with check red and white napkin tucked into collar.
Rick Ackerman – Gold Bulls Set Sights On $1430 Target
Since only one subscriber reported using the guidance I put out last night to get long, I’ll save more-detailed tactics for the chat room on Wednesday, assuming the interest is there.
http://www.gold-eagle.com/article/gold-bulls-set-sights-1430-target
Careful Rick. The NUGT and DUST bugs are more crazy than regular gold bugs. They hear you bashing their precious NUGT and DUST you might have to go into the witness protection program. lol
Rick, Leveraged ETFS that DON’T do well don’t split. They reverse split. NUGT’s problem was it was getting too expensive and doing TOO well.
DUST had to reverse split because miners were headed up up up.
Besides that, you are right about NUGT, it’s tough to trade. But I’ve been doing pretty well with it….so fqr.
Who’s eating breakfast?
Not me,
I’m eating dinner right at the moment:)
Schnitzel, vegetables & a mountain of mash.
Cheers.
& drinking beer,
Stella Artois tonight 🙂
Cheers.
The Dinner of Champions! Well done Skeeta.
Tyvm all for covering platinum and nugt
Nice move up for one of my juniors today (20+ %).
Kidman (ASX.KDR).
I wasn’t smart enough to get in at the exact bottom earlier this year.
But its now up 327+ % in my PF from my buy in.
So I guess I can’t complain….lol.
Cheers.
Nice. Yes I’ve been watching Kidman with interest, along with a number of Aussie Gold companies. I’ve also been watching Doray Minerals (DRYYF), Resolute Mining (RMGGF), Metals X (MLXEF), Kingsgate Consolidated (KSKGY), Troy Resouces (TRYRF), and 2 that you tipped me off to – Havilah Resources (HAV.AX) and Millenium Minerals (MOY.AX).
Cheers!
Another Aussie Gold stock I’m keen on is Ramelius Resources (RMLRF) (RMS.AX)
Kingsgate is in a world of sh…errrr….poop.
Ramelius for me is dead in the water.
Kidman up again though despite the lower gold price today.
Cheers.
Wow – I’ll have to look closer into Kingsgate to see what’s up. I’ve watched the management team present their opportunity a few times on videos, and have followed them for about 2 years, but confess to not checking on them in a month or two.
Ramelius looks very solid to me, and is expanding production, so I’m curious why you see them as dead in the water? Any info would be appreciated.
Ramelius hasn’t performed well (share price) for me compared to their peers, hence I said they are dead in the water (a laggard)
Kingsgate sold off the Challenger mine to WPG resources ASX.WPG (who are currently mining it). Kingsgate’s Chatree mine has been ordered closed by the government for months now. Their shares have been suspended ever since the announcement.
Cheers.
It sounds like Kingsgate has imploded from where they were just a few months ago. Thanks, that makes more sense now why you thought they were in deep caca.
As for Ramelius, I actually think it is an opportunity to keep acquiring it while it is “dead money” before the marketplace re-rates them. They are expanding production this year and seem to be solid, but I may be overlooking something on their balance sheet or missed some news, so I’m going to “dig” though their site this weekend.
Much appreciated Skeeta!
I haven’t added to Ramelius on this current pullback Ex,
I have added to Blackham (ASX.BLK) though,
Their first gold pour is only a couple of weeks away.
Cheers.
Yes, you are the one that tipped me off to Blackham, and they have an OTC as well. I have them on my Development list, but pretty soon they’ll need to move over to the Small Producers list. 🙂
Havilah, Millennium & Resolute are amongst standouts for my PF. Troy is lazy compared to some.
Doray is currently well oversold at present imo.
Cheers.
Yeah I hear ya on Troy resources, they’ve been a laggard, but Resolute and Doray have been churning and burning it up in a positive way. Havilah and Millennium I need to check back in on for an update.
I forgot to mention Alkane Resources, who I have shares in, but their gold mining is going towards their Zirconium & specialty metals project. I like them a great deal.
As always, thanks for your perspectives on the Australian Gold miners.
Great to have Rick A. back in the saddle today!
Good to hear his thoughts on Platinum and the Miners.
Sometime in one Rick’s technical segments I’d be interested in hearing his thoughts on Marlin Gold Mining Ltd. (MLNGF) (MLN.V).
Thanks guys!