Here are views on Snipp from Big Al; Cory; Rick; and, Doc
Click download link to listen on this device: Download Show
Don’t be sorry for all of us, Professor!
By the way, Sabharwal sold about 1/2 million shares. I would be rather surprised if he made over 1/4 million (Cnd) in those transactions. That is a very big price to pay for a person’s reputation. Know what I mean?
Barge Pole
My favorite expression for the month of March
CORRECTION:
The first line above Conrad 211,000 was an options cashed line and should not have been picked up by my “copy” and “paste”
Cory , Al ; Doc , Rick No Canasil , Orex NEWS ? Thank’s Buy, Sell, Hold ? Thank u !
NOT INVESTMENT ADVICE Jonnalin.
Would be a hold for me personally.
VANCOUVER, Feb. 18, 2016 /CNW/ – Orex Minerals Inc. – (TSX-V: REX) (“Orex”), is pleased to announce that the initial 2,000 metres diamond drilling in 17 holes have been completed on the Sandra Escobar Project in Durango, Mexico. The diamond drilling program will be extended a further 3,000 metres in Phase-II, commencing in the first week of March. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc. – (TSX.V: CLZ) (“Canasil”).
Results for the first hole were published in a news release (25 January 2016) and subsequent holes will be published in batches as the silver fire assay data becomes available. The first hole SA-15-001 yielded a 61 metres core length (43.1 metres true thickness) intercept grading 359 g/t silver, starting from surface. Within this is a sub-interval of 18 metres (12.7 metres true thickness) grading 748 g/t silver. A map showing the locations of the drill holes is attached for reference.
Orex’s President, Gary Cope says, “The high-grade and thick drilling results definitely warrant a continuation of the drilling program in the southeastern region of the Sandra Escobar Project. We have now drilled the mineralized horizon over a strike length of 550 metres. Results will be released over the next several weeks.”
The KD-1000, man-portable diamond drill rig remains on site for the March resumption of drilling. Kluane Drilling Ltd. provides the drilling services.
Silver mineralization is hosted on the north side of a rhyolite volcanic dome. An altered and highly permeable volcaniclastic unit contains disseminations of silver bearing minerals and broadly spaced stockwork veinlets. The current working model has a porphyritic rhyolite unit as an impermeable cap, which may have focused mineralizing fluids into the host permeable volcaniclastic unit.
Orex maintains a QA/QC sampling protocol for the diamond drilling program, including the insertion of commercial analytical standards and blank samples. Analytical testing is performed by SGS Mineral Services. Silver values are determined by fire assay with an atomic absorption finish. Multi-element analyses are also determined using a 4-acid digestion and ICP-MS (Inductively Coupled Plasma Mass Spectrometry).
Plus other commentary…
Canasil saw its share price rise a whopping 227 percent following impressive drill results from its Sandra-Escobar silver project in Mexico. The company noted that its joint venture partner, Orex Minerals, reported assay results from the first hole of an ongoing program at the project, with an intercept of 359 g/t silver over 61 meters from surface.
That’s all I could find recently published, CFS
Thank’s ! CFS ! Volume 800,000 today !
Gary Cope and Bahmin Yamini are two of the most honest and credible people who I know in this business. That is not to be taken as investment advice, but as a personal opinion about these two men.
Doc, what do you think or feel about the new “Buy the dip” mentality now prevalent with the gold miners? Even though gold came down overnight and is still down midday, half of my gold stocks are in the green or not down at all. Thanks Doc. 🙂
Personally, I will buy no dips here, Steve.
Okay Doc. I sold half of my gold mining stocks last week and have been holding on to the other half in case gold has one last leg up. The gains have been fantastic and the gold market along with the miners sentiment / fundamentals appear to have really changed. It is really confusing but I know the traditional positive seasonality for gold is almost finished. Thank you so much for answering my question Doctor. Steve 🙂
In case no one has noticed: Dr. Copper is up today and Mr Nickel is shining, and Mr. Zinc and Al are up.
In hindsight, SNIPP has been a beautiful chart: almost textbook trading:
1) C$1.00 rejection –> not a good sign (stock couldn’t even touch the C$1.00 level)
2) Failure to B/O the C$1.00 level not once, not twice but thrice –> almost like a double or tripe top
3) Big volume near the highs –> distribution -> plenty of sellers (huge warning sign).
I had written MONTHS AGO to Big Al/Cory/Doc privately about the 1) and 2)….
So again, for those who wanna learn trading, take a screenshot of that chart coz it’s a beauty: plenty to learn from it.
Best to all and GL investing/trading,
LPG
As an active blogger on this site, Snipp is one of the few companies I expressed a strong dislike for.
(In fact, if my memory is correct, the term Barge pole was used.)
Insider ……………………..Shares Sold
Swanson, Conrad 211,000
Swanson, Conrad 78,500
Swanson, Conrad 91,500
Swanson, Conrad 15,000
Swanson, Conrad 15,000
Sabharwal, Atul 6,500
Sabharwal, Atul 15,000
Sabharwal, Atul 14,500
Sabharwal, Atul 7,000
Sabharwal, Atul 457,000
Bhavnani, Ritesh 52,000
Bhavnani, Ritesh 448,000
Sabharwal, Atul 10,000
Sabharwal, Atul 20,000
View Section 16 Filings (Forms 3,4,5) for SPN:CA All Insiders Activity for SPN:CA
Insiders by Morningstar (USA) and SEDI(CDN). Terms of Use.
Sorry Guys.