Yes, add PZG to that list of development projects. I don't own any right at this moment, but I'm watching it more closely these days.
Pretium, Romarco, Sabina, and North Country should be on that list as well. Recent additions.
Primero frustrating anyone else? Does anyone know what the story is with it?
I haven't followed Brd lately Zman so can't offer any thoughts on the company. Just threw that commentary out there so you would be aware of the issues. The guys at M.A. are top notch when it comes to due diligence. Mind you , they aren't saying to stay away from it, just raising some caution flags.
Looks like they are doing a $5M financing. It's weird though, because I didn't see this on any of my usual places I get news, and I don't see it on the company's own website.
It looks like the news came out after the close...that's why I didn't see it either!...I notice the PP closes on March 20th...perhaps that's the date when Geeece "finally defaults"...& is recognized on all of the sheeple media networks...& gold punches through $1900+...Shit happens for a reason...& the timing is usually correlated to a specific event!...If your miner is going to go sideways for awhile because there won't be anymore drill results until March 20th...then why waste the time going sideways?...Might as well do a financing!...Hmmm...I wonder how many other miners are going to be doing a PP?...Hmmm...there sure are a lot of drill results scheduled for my pennies around that same date...March 20th...I will be watching with an eye wide open...as"the Emperor looses his clothes"!!!...
Bag Of Gold
Need your opinion on something. A "bought deal" financing is generally preferable for us than one of those goofy deals with all the warrants and flow throughs and everything isn't it?
Yes it is "tier 1"...which means the PP is priced at a larger discount to the market...may be easier to sell...& eliminates market risk because the Issuer/client are the only ones who may do a deal!...Also...the issuer must hold the securities & cannot sell them...So if the market price falls below the issue price...the issuer loses money...& must use their own capital...A bought deal is cut & dried...pretty well a guaranteed at the specified price...instead of at the whims of the market!!!...
Bag Of Gold
I did see some discussions regarding ATN previously, and yes it would have been a spectacular buy 8 months ago.
Though even with today's price, with yesterdays 8.21% increase, it still seems cheap.
They do have debt but some cash available and gold on stock, a lot of infrastructure in place and current production.
If they get anywhere near 200K annually production by 2015/16, even with some stock dilution, they should be priced along RIC, AUQ, MFN, etc..
Or I'm missing something here?
Was doing some research on miners--is anyone following Freegold Ventures Inc? Alaska miner currently @ .75 cents with a market cap of 45 million.
Love this thread. It sure helps newbies like me learn a lot .
I was wondering if any of you have any thoughts in regard to Tahoe ( THO )
I have owned some for some time now and have been thinking of selling or taking some profit off.
Thanks a ton guys
Everyone knows about Claude and Golden Band, but who is a third gold explorco. in the region with only 25m shares fd. ?
you are likely talking about La Ronge Gold Corp
Property surrounding the Greywacke property owned by MAS and GBN, and Wedge Lake property beside GBN's Golden Heart Deposit, and Preview Lake beside GBN's Preview Lake property.
I am fairly knowledeable in regards to Sask. Am I right?
I don't know any of them personally
They did a PP in Dec for $1M
Now they are drilling at Preview Lake. Has historical ~1986 resource estimate of 196,000 oz. So they are reviewing historic core samples and trying to build 43-101
I think their best property is Cuchon Bay (beside Greywacke) but the only work done is really a fly over identifying mineralization.
Wedge Lake (beside Golden Heart) has historic 1982 estimate of ~100,000 oz
The BOD at GBN were giggling about having LAR locked out at the AGM