I guess I shouldn't complain, posting something is better than posting nothing
Back to ceo.ca and hc for me... bye bye
golf is life
Eric Sprott spends about 10 mins talking about Fosterville. If you Login to Market Index look for CYL, Catalyst & NML, Navarre read their drilling results,CYL is working on a tenement owned by NML it is just north of Bendigo, Fosterville is just east of Bendigo. I hold both but NML have two other areas where they may hit it big time, Kirkland Lake Gold have a 10 percent holding in both companies.If you make it to Market Index look up Stavely SVY check out their drilling results,[ NML have the next door tenements.] It is a Porphyry discovery so should be more nearby. When I put SVY on my watch list they were 10 or 11 cents they closed today at 17 cents, last bought NML at 3 cents they closed at 7 cents, paid 52 cents for CYL they closed today 82 cents.Why did no one teach me this in school? Eric Sprott should be paid by the government to teach young people how to invest in mining companies. Tando.
Was gonna post that story but from the newswire link but Horse got there first. That said, here's the money quote (bold is my emphasis):
“We are pleased to see this level of fine gold and are excited to commence our trenching program in earnest at Purdy’s Reward,” commented Dr. Quinton Hennigh, President, Chairman and Director of Novo Resources Corp. “Information gathered from these trenches is already proving invaluable. The geology is telling us we are in a favorable geologic environment. We have further indications of a significant fine-grained gold component in this system, something that could prove to be very important as we evaluate this project. Bulk samples extracted from trenches will prove critical to helping establish gold grades. In short, this is our first close-up view of this deposit, and we are quite excited by what we see.”
I would imagine there are few geologists in the world that have seen the number of deposits that Hennigh has. And even fewer who know the Wits style gold as well as he does. If he's excited, what does that say?
Dropped by to post Novo's press release only to find signs of life here!
SBHorse & Clarki beat me to it! Way to go, guys!
Thanks for that, tando! I'll check it out today...
Has anyone checked out Rumble Resources?
Trading halt in effect
FYI, Tando Resources (TNO.AX) just opened up for trading @A$.35/share... I picked me up a few @A$.36... They have a nice tenement adjacent to Rumble Resources (RTR.AX) in the Eastern Pilbara running along the edge of the Mt. Roe Basalt with a strike length of about 25km... (Full disclosure, I also own a few RTR)
A 11/2 filing indicates that on 10/27 Sprott bought 50,000 Novo for $7.33 a share Canadian
and another entity he controls also bought 50,000 Novo for $7.33 a share.
On 10/17 he and his entity each bought 218,700 shares for $8.08.
On 9/29 he and his entity each bought 34,700 shares for $6.15.
looks like he continues to buy Novo as he learns more.
I now believe my prior post is inaccurate and you should cut those numbers in half.
Sprott bought 50,000 Novo indirectly though his entity 2176423 Ontario Ltd.
I apologize for the mistake, but the form list Sprott and his entity, but I believe there was only one purchase.
It appears that DGMLF trading was halted around 10 AM Pac Std time. From that time until market close the price did not move
Anyone know what happened
Had a look at RTR, by the time they do their C R they will have 350 mil shares oi,how about taking a look at KIN, Kin Mining NL, only have 175.71 mil shares oi,go to Market Index and read their latest Quarterly report and ponder on what Eric Sprott had to say about grades. they will be a producer by next August God willing, share price should be north of 60 cents or more by then.Bought a little Aussie Gold miner years ago while still working[ KDR] they have since found a huge deposit of Lithium.I had worked for the MD of the company so had a chance to make a judgment about him, told every one who was interested in the share market to buy KDR they were about 10 cents then, they have since hit $1,40 one friend with 300k had to sell as he needed the money to buy a block of land, think he sold under 25 cents pleaded with him not to but to no avail, another lady that I do some pruning for took her original investment out and renovated her kitchen, think that was above 40 cents,and the guy that I used to work for he has about 600k of them. Lithium, Cobalt, Copper, Nickel, if a Gold explorer that has any of those on there tenements put them on your watch list as E Vs are the future in vehicular transport.bought DEG Gold/Lithium bought AVR Gold/Cobalt. Check out Resource Rising Stars, very interesting view of Stavely SVY,do not hold them but would like to. Tando.
Never saw this Australian article posted here. Not really new info to those on this board, but worth the quick overview it provides.
As of the time of this posting, Artemis up 13.7%; Kairos up 12.3%; DGO Gold up 14.5%; Segue up >>37.5%<< .
The latter just found nuggets from the target conglomerates:
Yet more evidence in support of Quinton Hennigh's thesis regarding a Great Gold Precipitation Event?
Doesn't sound very good, but substantiates my dd
Now I ask's ya's, does this look like a lot of target conglomerate paydirt?
Rolled a big chunk of my Artemis position into Kairos. I’d been hesitating and hesitating on that one, but between Sprott backing them the land package and the fact that I’m up significantly on Artemis (and that I trust an Aussie saltwater croc about as much as I trust David Lenigas), I’m comfortable with the move. That trading halt news sure helps.
Kudos to Thunder54 on Hot Copper for that aerial photo... BTW, he makes tremendous contributions there... Definitely a good guy to follow...
This prick got me into to Novo, so I can't complain about him too much.
I think he is spot on about Artemis, and their questionable CEO. I follow Artemis and Novo on twitter, and Artemis CEO is an arrogant prick.
Takes one to know one I guess.
“Up to eight discrete conglomerate beds are evident. . .”
I changed my mind about diversifying some out of Novo. They have the theory, they have the cash, they have the management team, and they have ES.