Riding NES

I used to watch this stock before everything really went to shit. They have a catalog of excellent drill result but the market was unimpressed when their maiden 43-101 came out. After that, I kinda lost interest and moved on to other stocks.


Having recently checked up, I see a nice upward channel forming. The thing I like about it is the three big bounces off of the lower channel the Bollinger bands have been quite wide throughout the trend but appear to be narrowing.


Fairly simple chart, take a look.

B2Gold Announces their "Positive" PEA for their Colombia Project

Well, a positive PEA for a project named Gram-A-Lot(e)...yea...who are you kidding.

 -- Open pit gold mine with an initial life of mine ("LOM") of 14 years based 
      on Measured, Indicated and Inferred Mineral Resources. 
 
   -- Average annual gold production LOM of 317,500 ounces at US$664 direct 
      cash cost per ounce. 
 
   -- Average annual gold production of 373,300 ounces per year for the first 5 
      years of production. 
 
   -- LOM gold production of 4.445 million ounces. 
 
   -- Average LOM total operating costs (including sustaining capital) of $736 
      per ounce of gold 
 
   -- Annual processing rate of 16 million tonnes per year. 
 
   -- Average LOM gold recovery of 95% from conventional milling, flotation and 
      cyanide leach of the flotation concentrate. 
 
   -- Estimated pre-production capital cost of $1,176 million. 
 
   -- LOM pre-tax net cash flow of $1,521 million, and after tax net cash flow 
      of $990 million at a gold price of $1,351 per ounce. 
 
   -- Net present value ("NPV") pre-tax of $714 million and after-tax of $398 
      million at a 5.06% discount rate and gold price of $1,351 per ounce 
      generating an after-tax internal rate of return ("IRR") of 11.5%. 
 
   -- Project payback of 4.8 years. 

yea....

Kinda low grade and a very low pay back rate but whatever, they have other good projects, and I mean, really, they are only into at 49% anyways....

Stock is up on the day though.


Update: The Clive stated in his Q2 conference call that they would be ready to shelf the project if mine economics call for it. Took it as a way of saying that the results of the PEA were not as "positive" as its own title states.

Truth being told is that the payback period is very long and the grade is no where near impressive. They have other projects that are better and this isn't a 100% BTO project. We will see how it goes. Stragely enough, the market seemed to like the PEA. The stock went down following the Q2 reports...which I felt was at least a bette release from a share holders point of view than the PEA. 


To be honest, I have yet to actually look at any of the technical reports for the Gramalote project with any depth so I can't say to much.

Other people post music so why can't I?

Possibly one of his best tracks off possibly one of his worst albums.


What makes it so special? Perhaps the last great track done by Enrique Morente before he died. As well, Vicente playing is, as usual, beyond comparison. Whether you like him or not (and he is very polarized) he is the man of modern flamenco and, perhaps, or at elast in my humble opinion, the most technically capable of all flamenco players.


Well, here it is, Autorretrato by Vicente Amigo with the late Enrique Morente

Biosynt (RX)

I wrote about this company originally as a response to a post by PS Dave about a V listed biotech company I had never heard about. He had less than admirable things to say about the company, but with a chart like this, what does it matter. I sold out way before. I thought a dollar gain was good enough (and why not complain) but having another look today, must be a nice feeling to have been in the sub $1 levels and holden long.


I was skeptical that it was a real pump job as, having had worked with supplement type companies before they are more interested in building a good balance sheet company by selling items with questionable efficacy than running a typicall VSE or Louis Loboto James type pump scheme. As well, they only have 13.6 million shares out, no rollbacks/forwards under a previous name, and no one who I have known to be associated.


But...what do I really know anyways.

To bad there aren't larger blocks on the ask side, could make for a good scalp if one is so inclined.

Back On

After many months of very minimal posting I'm ready to get back to posting multiple times per week (not that anyone cares). Continuing further with the fact that no-body cares and me just liking to write about things important to me, the main reason for my absence has been work and, more correctly, the amount of bullshit that goes along with it here in Nicaragua. For a such an undeveloped country, it is amazing that they have managed to construct such a bureaucratic mess (and not much else).


I mean, hell, why not start by patching up the building in Managua that still bear bullet holes from a war that was over more than 3 decades ago. Anyways....onto mining.


As I stated in a post a week or so ago, I have been interested in Sabina from a technical stand point. It took a good dive around tax loss and has been making it way towards 1 dollar, meeting resistance there a few times. I've followed this stock a lot of both a fundamental basis and technical basis, I even worked for them briefly before the end of the 2012 season, and I know the stock quite well.

Pretty simple charts but has held true for me. A good play which started at just of last year was the swing from $1.00 to $1.40. The price is moving up towards the $1.00 line, testing the move twice before being sent back both times. Price is also trending nicely up towards the line, creating a nice ascending triangle. As far as volume, the current historics (is that a word?) seems nicely positioned for a quick expansion to occure at the next R-line test.


A pretty straight forward chart.

He's Alive! Danny Boy that is...

Well, after 10 days of rest, supposedly he finally came out to squash the rumors of his death. I paid a few grains of salt to these rumors as I saw him 10 days ago addressing the Sandinistas in Managua and he looked bad. He had his entourage so close that they appeared to be propping him up. He looked deathly pale and without his usual exuberance. After that, he went missing for 10 days, only to pop up today.



I've been here a little over 2 years and it has been interesting to see his place in Nicaraguan society. A very polarized character but I believe he has the majority in his favor. His government, for all the bad, has done more good than anyone in recent times (not that I could really know). Of course, it only took (among many other things) a communist backed revolution, a less than admirable pact with the 1996 Constitutionalist Liberal Party (PLC) leader/thief Arnoldo Alemán, and an illegal changing of the constitution which allowed him to run for presidency for as long as he is physically able to.


But such is Latin American politics. I mean, hey, when both parties have dead people voting for them you can't expect anyone to play fair.


The general attitude I receive when engaged in political conversations with Nicaraguans is that the man is a patriot, based on the fact that he has stolen the least and given back the most as anyone in recent memory. Its still a grand shit show and nothing really works even remotely like it is supposed to but hey, at least people are receiving free rice and beans and baby medicine when they need it.


in Junior resource news, Sabina put out a nice resource update today. Stock is still trading in the low 90s, but the chart gives me reason to believe that once the break at $1 is confirmed a nice ride up to nearly 1.40 could make for a good swing. Read the release here.

Nica Life

Well....


Its been a while since I´ve last post and, while this post wont be of any real substance, I just want to show a little sign of life.


The gold market seems to be looking up, with a solid break past the 1280 point which was a main level of resistance. Good timing as well as I think it made for a decievingly large upswing in the juniors given that most of them were battered down on tax loss selling.


The lack of posting has resulted in a number of issues which have arisen for me here in Nicaragua. After doing a few property deals here in Nicaragua I have found myself unable to touch any of the money in the account. Learn from my mistake, if you ever open a bank account in Nicaragua, do it with BanCentro o BAC. All others are blatantly incompentant and inept.


Interestingly enough, I´ve even been able to get the Sandanistas on my side fighting my little bank battle, never hought it would happen but here I am...waiting until somebody resolves an issue that never needed to happen in the first place. Remember, manana doesn´t actually mean tomorrow just not today.


Brief recap of my junior activities
 -Bought back into Sabina, looking for a nice swing up to 1.40
-A stock I had for a very long time, that I was never able to sell, Volcanic Minerals, whot up to 28 cents from roughly 4 cents a few weeks ago on news that they are going into the tech industry with their 500k in the treasurey.
-Finally bit the bullet and let go of that bag known to me as CXB. The fact that I bought it through a TFSA and have no eligibility for tax credit (iiuc) in salt in the wound.

As it shows, havent really been doing alot.


I was surpirsed at how easily gold broke through the 1280 mark. I think we will seen one more down turn, testing that same zone before we will really see where the market is at.


Anyways...Olympic Hockey!