Clearly Canadian was an interesting story. In the early 90s they had over $100 is dales, but by 2010 had little over 10k cash in the kitty and filed for banktrupcy.
Quite the decline. But...I believe it starts to make much more sense when one look at where things started to go back and when Bobby Genovese got on board.
I sent a message to the company asking if Genovese has any current affiliation with Clearly Canadian. The response was an emphatic no.
Tuesday, June 16, 2015
Saturday, June 13, 2015
Price Action on Tribute Pharmaceuticals
If the price action is going up, its going up.
A lot of the Biotech stocks take nice, long, runs up. RX, PLI, and GUD were good ones for me, I'm going to start following TRX.
Calibre News Release
I used to follow this company, even had shares in it years ago. They created a big buzz a few years ago with some nice holes, but the stock suffered from a drop in gold price, mediocre follow up drill results, and a poor market sentiment.
B2Gold got behind them a few years ago, which I guess made sense for the company as they also have a project in Nicaragua. IMG also took a stake in their Eastern Borosi project, which is where the below drill results are from.
Anyways, here is the table...nothing to special, but they might be getting onto something.
B2Gold got behind them a few years ago, which I guess made sense for the company as they also have a project in Nicaragua. IMG also took a stake in their Eastern Borosi project, which is where the below drill results are from.
Anyways, here is the table...nothing to special, but they might be getting onto something.
Sunday, June 7, 2015
Remember Biosyent?
Biosyent was a stock I used to trade with a great deal of success as it moved sideways for quite some time, moving up and down from $10 and $11.
It has broken down.
It made a steady climb from under a buck to over $12. Anyone who got in early obviously did quite well. Just take a look at this chart.
I really liked trading this stock. I knew very little about the company, their products, management etc. It was just easy to trade, although volume wasn't very high.
This is a chart from last year that shows a nice sideways channel that was quite predicable.
This is what it looks like now
You can see that once it broke that $10 support level it fell pretty quickly, The more noticable dips accompanied by bigger than average volume.
It way settle somewhere again, but it looks like the game is over for now.
It has broken down.
It made a steady climb from under a buck to over $12. Anyone who got in early obviously did quite well. Just take a look at this chart.
I really liked trading this stock. I knew very little about the company, their products, management etc. It was just easy to trade, although volume wasn't very high.
This is a chart from last year that shows a nice sideways channel that was quite predicable.
This is what it looks like now
It way settle somewhere again, but it looks like the game is over for now.
Tuesday, June 2, 2015
Checking in on ProMetic
Back in February (this post) I outlined what I saw to be a break out in Prometic Life Sciences. It did, breaking well clear of its 2.10 mark. It made some bounces off of $2.40 and is currently flirting with the line.
So, like any TA post, I'm going to draw some lines on a graph and make predictions. I think it will go up a little, then come down again to the $2.40 zone, and perhaps do it a few more times. Likely good for a few swings.
So, like any TA post, I'm going to draw some lines on a graph and make predictions. I think it will go up a little, then come down again to the $2.40 zone, and perhaps do it a few more times. Likely good for a few swings.
Victoria Gold Updates Feasibility Study
Victoria Gold has the Dublin Gulch project in the Yukon. Lots of gold and low grade.
They came out with an update on their feasibility study because essentially the OSC requested that they include after tax economic assumptions.
Which they did.
Conveniently enough, their economic projections are still based off a $1325/oz gold price and a wonderfully hopeful notion that $1.00 CAD = $0.92 USD.
Still, these numbers really help the post tax IRR to cling on to that near 20% level of 18%.
They came out with an update on their feasibility study because essentially the OSC requested that they include after tax economic assumptions.
Which they did.
Conveniently enough, their economic projections are still based off a $1325/oz gold price and a wonderfully hopeful notion that $1.00 CAD = $0.92 USD.
Still, these numbers really help the post tax IRR to cling on to that near 20% level of 18%.
Sunday, May 31, 2015
Geopolitics and Mining; Guyana Edition
When I first became interested in the mining sector I was focused, almost solely, on a projects technical merit, how many oz Au, at what grade, vein system etc. I looked at drill results, pre-feas studies and just about every other piece of technical data that a company released. When I first became interested in the mining sector... I was only considered whether "Project X" could become a producing and profitable mine at some point in the future.
As I have followed the industry over the years Geopolitics became important. I was really into RoxGold in Burkino Faso, which was touted as being as safe as they come in Africa; then they burnt down Parliament. Costa Rica was the jewel on Central America, then they shut down a few Canadian Companies for environmental concerns.
Just two examples, but I learned that most of the world is a volatile place, where things can change quickly and without much warning, especially when your interest in a country stems from the investment you made in a Junior miner and not any actual interest in a countries political climate per se.
Now as anyone who occasionally browses this blog is surely aware of, I follow a sketchy little company called Mahdia Gold (read here for back story). These guys were the guys who were going to re-open the old Omai mine, process the tailings left behind, and further quantify the historical drill results they inherited to NI 43-101 standards. Of course, none of this ever happened, but I have covered this whole ordeal in depth.
Al Zaakir, the companies head honcho, was able to maintain the property, doing very little, re-negotiating payment deadlines, pushing unpaid wage scandals to the side. He was the target of a lawsuit, paid himself excessive amounts of money for his position, took a multitude of stock options but continued fairly untouched, in spite of the fact that even the companies legal obligations to the Guyana Geology and Mines Commission (GGMC) were continuously unmet.
The reason for this is simple; Political connections. Guyanese politics have been dominated, for 23 years, by the Progressive Peoples Party (PPP). The PPP's official stance was to transcend race. class, education, etc but in reality, the party is supported by, and operates for, the Indo-Guyanese (Guyanese people with either Indian or Asian descent....yes this country is located in South America). The PPP held power from 1992 too 2015; 23 years. In this time, the other demographics, mostly people of African descent, routinely complained of being marginalized. In the 23 year rule of the PPP Indo-Guyanese prospered over those Guyanese of African descent. Al Zaakir was Indo-Guyanese.
This year, an conglomeration of six parties called the Partnership for National Unity and Alliance for Change, led by David Granger (a man with an interesting history in his own right) unseated the the PPP by roughly 5000 votes.
The political landscape has changed in Guyana. Everynow I stroll the wasteland that is Stockhouse.com Bullboards and read the MGD board. Those with the last shred of hope are giving up as they begin to realize the importance that this change in party has on the Omai project. I doubt the new party will allow it to be a marketing piece used to line the pockets of a few well connected Indo-Guyanese any longer. Mahdias form 7 is still not out and, past their payment dates, I think it is finally the end in this sad, drawn out saga.
As I have followed the industry over the years Geopolitics became important. I was really into RoxGold in Burkino Faso, which was touted as being as safe as they come in Africa; then they burnt down Parliament. Costa Rica was the jewel on Central America, then they shut down a few Canadian Companies for environmental concerns.
Just two examples, but I learned that most of the world is a volatile place, where things can change quickly and without much warning, especially when your interest in a country stems from the investment you made in a Junior miner and not any actual interest in a countries political climate per se.
Now as anyone who occasionally browses this blog is surely aware of, I follow a sketchy little company called Mahdia Gold (read here for back story). These guys were the guys who were going to re-open the old Omai mine, process the tailings left behind, and further quantify the historical drill results they inherited to NI 43-101 standards. Of course, none of this ever happened, but I have covered this whole ordeal in depth.
Al Zaakir, the companies head honcho, was able to maintain the property, doing very little, re-negotiating payment deadlines, pushing unpaid wage scandals to the side. He was the target of a lawsuit, paid himself excessive amounts of money for his position, took a multitude of stock options but continued fairly untouched, in spite of the fact that even the companies legal obligations to the Guyana Geology and Mines Commission (GGMC) were continuously unmet.
The reason for this is simple; Political connections. Guyanese politics have been dominated, for 23 years, by the Progressive Peoples Party (PPP). The PPP's official stance was to transcend race. class, education, etc but in reality, the party is supported by, and operates for, the Indo-Guyanese (Guyanese people with either Indian or Asian descent....yes this country is located in South America). The PPP held power from 1992 too 2015; 23 years. In this time, the other demographics, mostly people of African descent, routinely complained of being marginalized. In the 23 year rule of the PPP Indo-Guyanese prospered over those Guyanese of African descent. Al Zaakir was Indo-Guyanese.
This year, an conglomeration of six parties called the Partnership for National Unity and Alliance for Change, led by David Granger (a man with an interesting history in his own right) unseated the the PPP by roughly 5000 votes.
The political landscape has changed in Guyana. Everynow I stroll the wasteland that is Stockhouse.com Bullboards and read the MGD board. Those with the last shred of hope are giving up as they begin to realize the importance that this change in party has on the Omai project. I doubt the new party will allow it to be a marketing piece used to line the pockets of a few well connected Indo-Guyanese any longer. Mahdias form 7 is still not out and, past their payment dates, I think it is finally the end in this sad, drawn out saga.
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