With the Sprott conference next week here is what Brian will be looking for
Brian Leni, Founder of the Junior Stock review website will be joining me in Vancouver next week to attend the Sprott Natural Resource Conference. He shares what he is looking for in terms of companies and the factors he considers most important.
Click here if you want more information on the Sprott conference. And be sure to email me with any questions or thoughts on the companies attending.
The last time GLD was this oversold versus SLV, it marked a significant low but I do not expect the same here…
https://stockcharts.com/h-sc/ui?s=GLD%3ASLV&p=D&yr=1&mn=1&dy=0&id=p10261939970&a=577228753
SLV:GLD:UUP at resistance (again, probably not for long):
https://stockcharts.com/h-sc/ui?s=SLV%3AGLD%3AUUP&p=W&yr=3&mn=9&dy=0&id=p10315813839&a=676464248
GOLDEN ARROR- GARWF up near 50% from its July 2019 lows. In Effect , it’s a royalty company by way of SILVER Standard ( SSRM), with estimated free cash flow from the PUMA operations in Argentina next year with AG @$ 16= $10 million US, @ $20 = $17 million, @ $24 = $24 million US ; which would give the company a P/E = 5.
GOT GARWF?
Thanks Marty, that looks very enticing. Notice the very respectable move in 2016. That’s the kind of potential I want to see when buying anything near a major low.
https://stockcharts.com/h-sc/ui?s=GRG.V&p=W&yr=3&mn=7&dy=22&id=p15115311606
Congrats on your SilverCrest Metals, btw. That chart is something else.
https://stockcharts.com/h-sc/ui?s=SIL.V&p=W&yr=3&mn=9&dy=0&id=p95776437482
ditto
Yep. (SIL) Silvercrest was the top performing Silver stock in the 2016 surge, and it is one of the few Silver explorers that continued to to trek higher the last few years, but they continued to hit bonanza grade silver intercepts, and their team successful sold the prior incarnation of Silvercrest to First Majestic a few years back, so it is likely history will repeat itself again. Truly best in class, but priced accordingly.
(SIL) SilverCrest Announces C$22 Million Bought Deal Financing; SSR Mining To Exercise Its Right to Maintain Its Pro Rata Interest of 9.9%
by @nasdaq on 23 Jul 2019
https://ceo.ca/@nasdaq/silvercrest-announces-c22-million-bought-deal-financing
A likely suitor may be SSR mining here as well.
(GRG) (GARWF( Golden Arrow Resources Announces the Sale of its 25% Ownership Interest in Puna Operations for $44.4 million
by @newswire on 22 Jul 2019
https://ceo.ca/@newswire/golden-arrow-resources-announces-the-sale-of-its-25
A L E R T ⁉️
GOLDEN ARROW AGREES TO SELL ITS 25% Interest in its Puna Operation for a combination of $C44.4 million various proposals by THE 75% interest owner, SSRM
Hi Marty,
I was a prior shareholder in Golden Arrow a few years back when it was unsure if Silver Standard (now SSR Mining) would even partner with them, and then I sold on the spike when they announced their JV together with the 25/75 split.
I was considering getting back in later in the year with the though that SSR would just buy them out, but instead they just bought out their 25% position.
I wonder what the future holds for GRG now that they’ll have their dept paid off, won’t be tracking the production profile anymore, but will now be focused on their exploration projects. Here is an excerpt on their new direction:
“Golden Arrow will retain an asset portfolio with significant potential comprised of exploration and development opportunities in Chile, Paraguay and Argentina and will focus on repeating the success it had at Chinchillas by financing, exploring, developing and monetizing new mining projects.”
That should be good for a jump to over .60 cdn tomorrow. This just goes to show how poor the market can be at properly valuing these tiny cap resource stocks.
I jumped into GARWF the other day at 18ish. Seemed to have missed the bottom, however, on BALMF
Nice, Buzz. I should have bought it today right after Marty told me about it!
It’s ALL a perspective as to where the price of silver goes now. 1st glance, I’m disappointed with GOLDEN Arrow. They were assured of sustained cash flows for at least 8 years to foster exploration/ development of their other properties. It’s not mentioned what defines the property limits of Chinchillas already assessed in this transaction.
I think SSRM IS THE WINNER HERE, as the saying goes, He who owns the gold/ (not silver,) makes the rules.
Well it sure looks like you’re right. That operation must have been everything to Golden Arrow considering the action this morning. I’ve never taken a close look at the company.
Yeah, Gold Arrow sold their cash flow generator to fund other exploration for nearly a decade, and now they are cashed up and back to just exploring again. I’d rather have the former, and SSR Mining got the better end of the agreement and now own 100% of the production. Smart for them to grab it now, and just now sure where Golde Arrow goes from here. (?)
It seems Mag Silver is ready to soon break out. It hasn’t really broken out yet like most of the other silver miners yet.
Mag silver, a near time silver producer with fantastic silver grades and low AISC will be a winner in the long term
Its one of mine favorite long term holdings
That’s one big bullish H&S bottom in the works. I agree that it seems ready to breakout soon…
https://stockcharts.com/h-sc/ui?s=MAG&p=W&yr=4&mn=2&dy=0&id=p78689018400
A weekly close above $2.80 is key for a bullish Dr. Copper…
https://stockcharts.com/h-sc/ui?s=%24COPPER&p=W&yr=3&mn=3&dy=22&id=p7773777197c&a=642514285
AG is extremely overbought on the weekly chart but that didn’t mean much in 2016 and, looking and the monthly chart, I think it means even less now.
https://stockcharts.com/h-sc/ui?s=AG&p=W&yr=4&mn=2&dy=0&id=p73753307845&a=593668922
Matt:
Have you looked at Impact lately………40,000+ purchase!
Yes, it looks fantastic…
https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=4&mn=0&dy=9&id=p73979373782&a=676382921
Yes, quite a nice run coming out of Impact. Finally starting to stretch it’s legs. Looking for it to keep blowing and going for the medium and longer term.
The run so far is actually just “ok” when compared to many peers but the chart looks primed for that to change in a big way.
Yes agreed. A few other companies like Excellon, Santacruz, Bear Creek, Alexco, and Americas Silver got out in front of the pack first, but I remember how torqued up Impact was a few years back, and it usually leads the pack once things get heated up in the space.
There have been a few folks discussing the recent private placement capital raise, so that may have been an initial headwind, but yes, technically, that chart looks fantastic, and it broke above it’s trendline resistance and broke above the BB temporarily. Nice action.
Matthew – great, now you tell me…. I trimmed a slight bit in First Majestic because I was thinking it was looking a bit overbought. (lol)
{I know, I know, different playbook in the bull versus the bear on overbought signals}
I still kept most of the AG position in place, but some of my siver stocks have spent so many days in the green that it feels unnatural…. and was making nervous, so I trimmed a few back today 🙂
If First Majestic goes on a huge surge tomorrow because I was an early trimmer, then for any AG holders out there…. You’re welcome.
I say the same thing I wash my car, as it is guaranteed to bring a rainstorm, even in a drought. haha!
One of the other factors I considered on trimming AG was that it appears to have put in a shooting star candle (and those often mark short-term tops).
http://speedtrader.com/wp-content/uploads/2016/12/Hammer-and-Shooting-Star-Candle.png
The problem with timing short term moves in a young bull market is that even if you nail a top, there’s a very good chance that you won’t get your position back when it bottoms. Bull market pullbacks tend to be sharp but short and often fail to reach “obvious” technical targets.
Trimming some today makes perfect sense. Selling it all does not.
Yes good point on making sure to get the position back right after the pullback, or the stocks will take off an leave one in the dust. Yes, it was just a 25% trim, not a position sale, and if there is a pullback of 10-20% then I’ll jump right back into the position with those funds that are set aside.
It may have been a dumb move as Silver looks to be up again today in the pre-market, but I have a lot of silver stocks exposure and just wanted to take a few chips off the table for a rainy day.
Sure enough… Silver has kept charging and First Majestic along with it. Oh well, I have 75% of of the position in place for the ride. The same thing happened on the 3 other ones I trimmed back, but again, their core positions are in place and ratcheting higher with Silver, day after day after day….. 🙂
(EXN) (EXLLF) Excellon Announces Q2 2019 Production Results
by @newswire on 23 Jul 2019
– Silver equivalent (“AgEq”) production of 582,937 oz (Q2 2018 – 637,206 AgEq oz)
– Silver production of 276,805 oz (Q2 2018 – 277,701 oz)
– Lead production of 1.8 million lb (Q2 2018 – 1.8 million lb)
– Zinc production of 2.5 million lb (Q2 2018 – 2.8 million lb)
– Mined tonnage in H1 2019 30% higher than H1 2018
“We had another strong quarter of production despite significantly lower metal prices during the period – but it’s exciting to see the rebound in precious metal prices, particularly silver, in recent weeks,” stated Brendan Cahill, President and Chief Executive Officer. “Our focus on reducing dilution continued to deliver results with improved ore grades and increased metal production with further progress ongoing at the mine and mill. As indicated previously, we ended Q1 with a significant stockpile of fresh ore and concentrate. As a result, sales and revenues from the deferred material from Q1 will be reflected in our Q2 financial results.”
https://ceo.ca/@newswire/excellon-announces-q2-2019-production-results
(ASM) Avino Announces Results From Hanging-Wall Breccia Sampling Campaign
by @newswire on 23 Jul 2019
– ET-17-01 from 46.90 m to 47.65 m grading 2.18 g/t gold, 606 g/t silver and 0.35 % copper over a sampled length of 0.75 m;
– ET-16-06 from 30.20 m to 31.70m grading 0.96 g/t gold, 312 g/t silver and 0.38 % copper over a sampled length of 1.50 m;
– ET-17-13 from 23.40 m to 24.15 m grading 0.54 g/t gold, 290 g/t silver and 0.44% copper over a sampled length of 0.75 m.
https://ceo.ca/@newswire/avino-announces-results-from-hanging-wall-breccia-sampling
Gold is in a battle at important resistance:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=9&mn=6&dy=0&id=p31291923953&a=613254309
World events…..and car sales down, homes overpriced…demowits….congress madness……Iran…..China…..Russia….
Gold going higher……
How much paper gold , can CRIMEX move around……
SLV is stuck below some obvious resistance but probably not for long:
https://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=3&mn=9&dy=0&id=p49490223922&a=649322644