Ex, what are you byuing these days? Or just watching? Im buying Redstar gold RGC, pending news drillholes anyday now. warrants at 0,12 cad expire at 27 nov. So next week i want to be into this stock for real😀

http://www.theaureport.com/pub/na/redstar-waits-for-drill-results

http://smallcappower.com/expert-articles/gold-juniors-results-171116/

We dont know if 1200 gold will hold, if 16 silver breaks it could drop to 10.
That will make ipt @ 60 look expensive.

But, its always a good time to buy and its to the moon any day now.

b, you never now, but if you have a positiv longterm view on the metals you could buy a small portion on the dip,😉

Sure Blue, why not?

Metals will move up eventually.

Hi Blue – I’ve been mostly watching this week, but have done a few trades on partial positions in the Silver, Gold, PGM, Zinc, Copper, Uranium, and Lithium space throughout October and November (mostly small producers, development stage companies, and Explorers, although there are some prospect generators & royalty companies in the mix as well).

In addition, I’ve been debating trading the Oil ETFs, Emerging Market ETFs, as well as following some stocks in the Agricultural markets, but have held off on those at present trying to size up what will happen in Dec/Jan.

Yes, I’ve been watching the Exploration news and articles out about Redstar Gold with great interest. There are a few good drill plays lately like IDM mining today, or Aton Resources and Nighthhawk Gold recently. but most of the drill results the last few months have been slightly underwhelming on companies many follow like Colorado Resources, Otis Gold, Sirios Resources, Battle Mountain Gold, Moneta Porcupine, etc… I’m still waiting to see how the drill results go for Northern Shield over at their Sequoi target, and the remaining assays back from Teuton Resources on some of their drilling.

I’m not as up to speed on all the exploration drill plays but use CEO and the news outlets to keep tabs on those.

My main focus is the small producers and development stage companies that are very undervalued still or have pulled back by 30-50% and are offering good value here. and that is where most of my investing focus is in the resources (too many to list off).

For the most part with Gold & Silver I’m watching to see if $1180 holds, of if we go back down to test the Dec 2015 lows for a double bottom as many have postulated may play out. If we do go down and get near that $1045 level (maybe $20-$30 above it, I’ll likely deploy dry powder in the names I like).

Blue – may you do well in your investing as always. Cheers!

All the best whith

MTF had a good post on CEO about a half hour ago on the American Creek, Tudor Gold, Teuton Resources JV worth re-posting here:

@Markedtofuture – “$AMK $TUD $TUO “The Electrum property is one of the 7 wonders of the world” That was one of the quotes in a CEO Round Table Discussion made by Tudor Golds VP of Exploration Ray Marks. It was accompanied by other quotes such as:

“The mineralization on that property…….I’ve been on a lot of properties in Central and South America, Mexico, Canada and I have never, ever seen anything to top this”

In the interview Mr. Marks discusses the progress made on the Treaty Creek and Electrum properties and gives us an idea of what to expect in 2017. You can listen to the interview by clicking here and skip ahead to the 9:12 mark.

http://allanbarryreports.com/2016/11/04/ceo-roundtable-discussion-with-ray-marks-from-tudor-gold-tud-v/

Thanks, Ex? for a very nice replay as always, very informativ😄
Hope you have a lot of success in your investing🍻

Always glad to share ideas Blue. If there are any specific stocks you think it would be good to review, beyond Redstar gold, then please post on them. Nobody can follow all the hundreds and hundreds of mining companies, but if a unique opportunity is setting up then let’s hash it out.

For example, I posted on the Market Wrap yesterday about the development stage company Montan Mining, and about them moving into production in early 2017. They’re in the middle of transition from being a mess to being a success. They just switched out members of the management team, did a capital raise and made a key acquisition. They just came off trading halt today, and according to their investor relations department they’ll have some clarification news out later this week and a brand new website in mid December.

It is one of the more interesting turnaround development/production stories that it seems hardly anyone is following. They still have to prove themselves over the next 3-6 months, but it looks really undervalued at present.

$MNY $SAIDF Montan Mining Trade Resumption press release incorrectly stated that they’ll start cash flowing from operations in Q1 2016 (They meant Q1 2017). Ooops!!!
Here’s the quote again: “In progressing toward this binding agreement, Montan is advancing due diligence and technical report preparation. The company is satisfied it is on track to complete the acquisition and commence cash flowing operations in Q1 2016,” stated Ian Graham, chief executive officer.

Regardless – It’s a big milestone for Montan Mining (which hardly anyone is following from what I can tell), and they are a development stage company going into production next year due to that acquisition they just made.

This may be a sleeper stock until the market wakes up and realizes what they have going on, but I’ve got a position lower than where things are today, and will likely add a little more before they get things ramping up into production in early 2017.

I like turnaround stories because the market doesnt always react immediately. There are a lot of mining companys out there and you cannot be in them all. I will take a look about Montan Mining. The problem today is that even if you find a good turnaround people cannot be patient and wait for the turnaround to occur. Its hard to sit tight😄
Today there are few good investors but a lot of bad speculators🤓

Yes some of the other turnaround stories I like and have posted on before are Nicola Mining, Aurcana, Alexco, Mexus, Jaguar, Scorpio Gold, Argonaut gold, Wellgreen Platinum, Avnel Gold, and Hummingbird Resources.

I’ll give a little update on Hummingbird while I’m on this train of thought:

Hummingbird got some good exposure at the Sprott conference earlier this year, but the challenges that Orezone had in their resource estimate and some of the strife in other countries like Burkina Faso and the Congo have investors taking pause again on all African companies (so these companies get a jurisdiction discount).

This too shall pass, and if you look at the 2 projects that Hummingbird Resources (HUM.L) (HUMRF) have, they definitely have merit and the Yanfolila development is on track and they’re getting ready to go into production by late 2017/early 2018.

The market got over bearish when they decided to focus on their smaller 2 million ounce Gold project in Mali over the larger 4 million ounce gold resource in Liberia. The marketplace misinterpreted the signal, and threw the baby out with the bathwater.

There is a strategic reason to go after the lower capex and easier to mine Mali project first, and then the plan is for Hummingbird to take that production revenue to finish developing the Liberia project.

This audio interview does a great job of giving investors an overview on where they are, and how management is aware of the perception and value gap between reality and where investors education is on their project.

Yanfolila ‘going as well as I could’ve hoped’, says Hummingbird’s Dan Betts

https://www.youtube.com/watch?v=49ytlsgN9EE

Hummingbird Resources – 4th Quarter Corporate Presentation:

http://hummingbirdresources.co.uk/_downloads/Hummingbird_Q4_2016_Presentation.pdf

Yes Hummingbird is a turnaround object for sure. I dont like their sharestructure, to many shares issued. But their project is big and profitable in the long run. I have realized that many african goldminers doesnt take off so easy even if their projects looking good on the paper, Like Avnel, Hum, Abb and others. Hum has a disadvantage to be registered in the London market I think, no tradition for miners.

I meant Agg African gold group, not ABB.

You’re spot on Blue on both points. The African miners go from really slow to explosive.

Think about the perception towards Endeavour Mining, B2Gold, Resolute, or Perseus…..nothing to something in short window of time. Now they are rocking.

Look at how companies like True Gold, Asanko, and Rox Gold sat there for a while and then suddenly when they near production, they spiked dramatically. True Gold was taken out by Endeavour during that frenzy. Teranga Gold is one of my favorites and they just acquired Gryphon Minerals, who I held as well.

I see companies like Orezone, Avnel, and Hummingbird, West African Resources, Merrex, Azumah, and Aureus as the next batch of Africa development stories that will start popping in 2017/2018.

You’re second point about the main barrier to Hummingbird being the London issue has been brought up by others as well. It’s a valid point, and is the same reason Mariana Resources got off to a slow start due to their primary London listing.

I think quality, value, and execution will reign supreme with Hummingbird, and maybe they’ll get a Canadian listing to access the more mining friendly investor base down the road. For now, I just trade the (HUMRF) ticker.

The only problem trading it is that all the volume only shows up on certain days, and you need act while the bid/ask is more narrow. I’m near parity on Hummingbird at present due to the swing trading, but if it sells off a bit more in these bearish metals conditions, then I’m about to add much more aggressively and hold that lower cost basis for the medium to longer term as it inevitably will rise as they near production.

I only trade in Canada, its difficult to trade miners in the American markets to big spread. I traded Hum in London better spread and good volume but bigger transaction cost.

Yes, if you can trade on the London exchange, that’s definitely the way to do it. I forgot where you based out of. Are you in the UK?

From Sweden😀

Nice. It is always helpful to hear perspectives from investors in Europe.

Montan intends to acquire and restart the Rey Salomon gold
mine and mill (together the ‘Cerro Dorado Project’) in Peru.

Cerro Dorado S.A.C. holds the Rey Salomon mine, a fully
permitted and producing gold mine with a 60 TPD CIP mill
located 700km south of Lima in the prolific Nazca-Ocoña
mineral belt of southern Peru.

The mine has recent recorded sales of:
1,675 t @ 11.8 g/t Au (since 2102)
670 t @ 15.23 g/t Au (OFIR shaft development, 2007)

Shareholders:

3% Teck Resources
8% Management
11% Peru Investors

*Montan Mining – Corporate Presentation November 2016

http://montanmining.ca/pdf/MNY%20Presentation%20-%20November%203,%202016.pdf

You’re welcome.

A solid point Matthew. When the general market commentators blow it repeatedly, nobody seems to put them on the drain the swamp lists or guru gut-check lists.

Look at the freakshow that is Dennis Gartman for goodness sakes. Does that guy ever get any call right? 🙂

Purple Haze has had it out for Turd for a few years with a couple of pooched calls.

Notice Craig Hemke aka Turd Furgeson isn’t named on that repeat offenders list.

Craig doesn’t make many calls, but he gives you the Cartel play by play on a daily basis. $12.00 a month or $119.00 a year to subscribe for daily podcasts with charts at tfmetalsreport.com is well worth the price, to make an informed decision.

A “couple” of pooched calls…are you serious? Whatever.
Look under SilverDoctors at the pmaccountibility.com site
You’ll find it and from what I’m told they’re working on a Turd Ferguson section. Feel better?

See my reply over in the Avi Gilbert thread.

DC, thank you.

Okay, so we’re clear on what you’re negative on.

What’s your bullish thesis?

Oops, I just saw your answer on another thread.

Wolfster – your point made total sense when you posted about it on the weekend show.

Bubbles form and everything in a sector goes up at once (you mentioned the Dot coms, the REEs, and Lithium stocks as examples). Then bubbles pop, then regroup, then the quality names emerge for the longer term.

That was the same point the pundits on the BNN show were making, and that Chris Parry was making in his Weed Bubble article. There are good Canadian names that will keep going even “higher” as the initiatives for Recreational legal granting get closer to fruition. However, there are many companies value at insane levels right now that are not worthy of those valuations and some that have a questionable existance 2-3 years out. There are other more stable companies in the space, and many of them were covered in those BNN segments posted on the weekend show.

Wolfster – Thanks for being a positive voice of reason here on the KER.

Thanks Ex.I appreciate your input immensely and am very appreciative of everyone’s info here and am extremely fortunate to have stumbled upon this great site.

Yes sir. A great forum of ideas from everyone. Lots of things to mull over for consideration on the KER.

Glad ya made some coin Wolf.

They are volatile.
Great trading if ya stay on top of them.

A sector can go up together, like PMs with the price of PMs, but these potshares are going up together because they are profitable and expanding. Future profit will be huge.

I think potshares peaked about 3 weeks ago, for the time being.

But I do think you may be right, longer term. Gerald Celente seems to agree in his latest youtube with Greg Hunter. He also rips Hillary voters in a most satisfying way–voting for a known war monger is inexcusable.

Leprechaun in Mobile
Alabama News Report – Mar 23, 2013

“People in Mobile, Alabama gather around a tree, to see, what they say is a Leprechaun. Where da gold at! I want the GOLD!”

https://www.youtube.com/watch?v=Q_vX-gL8YRQ

There is another Irish company “Playfair Mining” (PLY) (PLYFF) that many investors are excited about as well. There’s been a lot of chatter on this one recently:

http://www.playfairmining.com/s/Home.asp

IrishT – we may need to send you on a mine visit to scope it out!

Ha! funny Skeeta.

lol — E X A C T L Y !!!

Sad but true. If the inheritance tax wasn’t flat out robbery, then it wouldn’t be that way.

If it’s not inheritance tax, then it’s just plain flat out robbery, at least in my neck of the woods in South America.

I forgot you were in South America GH. What country are you in?

We have such an interesting global cross-section here on the KER. Refreshing!

Lost in the middle of the continent, between the mountains and the jungle, in a place called Macondo ;).

If I were to tell you, the local authorities would come looking for my hidden treasure, ;-).

I knew an American old timer here, a gem cutter and prospector. He claimed his best find ever was claim-jumped by a government official. Which would be the obvious thing to expect here. It was a pegmatite with huge crystals, I think aquamarine or tourmaline.

Ah Macondo – 100 years of solitude.

I believe that was based on Colombia. Right? 🙂

I’m guessing Brazil or Bolivia.

Yes, I am guessing Brazil as well, but the book – “100 years of Solitude” imaginary city (Macondo) was based off the author’s life experience growing up in Aracataca, Colombia.

Your funny, trading potshares have paid me about 30% today. (already)(and Im a lousy trader) Deadcat or not.
All the while my goldshare list has plummeted. (cheaper shares)
Are we not just prior to tax loss selling season?

Potshares have been a good place to be while waiting for goldshares to move.

Just an opinion, but being hypnotized buy shiny might not actually be the most profitable thinking.

That sounds reasonable for a guy who doesn’t know much. Good job!