VANCOUVER, British Columbia, Feb. 28, 2019 (GLOBE NEWSWIRE) — Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company” or “Group Ten”) announces that company representatives will be attending the Prospectors & Developers Association of Canada (PDAC) International Convention to be held at the Metro Toronto Convention Centre in Toronto, Canada from Sunday March 3rd to Wednesday March 6th. Group Ten will be exhibiting in the Investors Exchange throughout the conference at booth #3018 as a member of the Metallic Group of Companies. The PDAC Convention is the most-attended event for the world’s mineral exploration and mining sector and promotes a globally responsible and sustainable minerals industry.
Group Ten also announces that it has granted 545,000 incentive stock options (the “Options”) to directors, officers, employees and consultants of the Company. The Options are exercisable for up to five years, expiring on February 28, 2024, and each Option will allow the holder to purchase one common share of the Company at a price of $0.20 per share, based on the closing price of the previous trading day. The Options are subject to certain vesting requirements in accordance with the Company’s Long-Term Performance Incentive Plan.
About Group Ten Metals Inc.
Group Ten Metals Inc. is a TSX-V-listed Canadian mineral exploration company focused on the development of high-quality platinum, palladium, nickel, copper, cobalt and gold exploration assets in top North American mining jurisdictions. The Company’s core asset is the Stillwater West PGE-Ni-Cu project adjacent to Sibanye-Stillwater’s high-grade PGE mines in Montana, USA. Group Ten also holds the high-grade Black Lake-Drayton Gold project in the Rainy River district of northwest Ontario and the highly prospective Kluane PGE-Ni-Cu project on trend with Nickel Creek Platinum’s Wellgreen deposit in Canada‘s Yukon Territory.
About the Metallic Group of Companies
The Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-grade producers of platinum & palladium, silver and copper. Member companies include Group Ten Metals (PGE.V) in the Stillwater PGM-Ni-Cu district of Montana, Metallic Minerals (MMG.V) in the Yukon’s Keno Hill silver district, and Granite Creek Copper (GCX.V) in the Yukon’s Carmacks copper district. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorer/developers and major producers and are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven historic mining districts. The Metallic Group is headquartered in Vancouver, BC, Canada and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ANCOUVER , Feb. 28, 2019 /CNW/ – Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the “Company” or “Pacton“) is pleased to announce its participation in the following events in March: Redcloud Pre-PDAC Mining Showcase, Metals Investor Forum and PDAC 2019 convention in Toronto, Canada .
Pacton Gold Inc. (CNW Group/Pacton Gold Inc.)
Redcloud Pre-PDAC Mining Showcase Event Details
Date and Time: Friday, March 1, 2019 ( 8.00 am – 5.00 pm )
Location: Omni King Edward Hotel, 37 King Street East, Toronto
Metals Investor ForumEvent Details
Date and Time: Saturday, March 2 (9. 00 am to 6:00 pm ) and Sunday, March 3, 2019 ( 9.00 am – 4.00 pm )
Location: 3rd floor, Delta Hotel, 75 Lower Simcoe Street, Toronto
Pacton Presentation: Dale Ginn , Chairman and Director will present on Sunday, March 3 at 10:40 am
PDAC Event and Booth Details
Event: PDAC 2019
Date: March 3 – 6, 2019
Location: Investors Exchange, Metro Toronto Convention Centre, Toronto, Canada
Booth Number: 3142
Booth Hours Sunday, March 3 , 10:00 am – 5:00 pm
Monday, March 4 , 10:00 am – 5:00 pm
Tuesday, March 5 , 10:00 am – 5:00 pm
Wednesday, March 6 , 9:00 am – 12:00 pm
Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high grade conglomerate and orogenic gold properties located in the district-scale Pilbara gold rush in Western Australia and the Red Lake District, Ontario. Pacton’s Red Lake mineral claims are strategically located between Pure Gold’s Madsen property, including the Wedge Zone, and Great Bear Resource’s Dixie discovery. The property geology is made up of two key packages known to host significant gold mineralization in the district. The Confederation
Assemblage and the Balmer Assemblage hosts the high-grade gold mineralization at Great Bear Resources’ Dixie Project and Pure Gold’s Madsen property, respectively. A high-resolution helicopter magnetics survey is underway to identify D2 structures and folding that are proposed to have significant control on gold mineralization in the district.
On Behalf of the Board of Pacton Gold Inc.
R. Dale Ginn
Executive Chairman
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia–(Newsfile Corp. – February 28, 2019) – Sojourn Exploration Inc. (TSXV: SOJ) (OTC Pink: SJRNF) (“Sojourn” or the “Company“) announces that it will change its name to ArcWest Exploration Inc. (“ArcWest“) effective February 28, 2019.
The Company will trade on the TSX Venture Exchange under the new stock symbol “AWX” and under the new CUSIP/ISIN numbers 03969H105/CA0369H1055.
For further information please contact Tyler Ruks, President and CEO AT 1 (604) 638-3695.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TORONTO , Feb. 28, 2019 /CNW/ – Anaconda Mining Inc. (“Anaconda” or the “Company”) (ANX.TO) (ANXGF) is pleased to announce the final results from the 10,000-metre drill program that began in July 2018 at the Goldboro Gold Project in Nova Scotia (“Goldboro”). Anaconda drilled four holes (BR-18-64 to 67), totaling 1,456 metres (the “EG Drill Program”) to extend the existing Goldboro Deposit towards the east along strike. The EG Drill Program successfully intersected the host fold structure, alteration and mineralization 100 metres east of the current Mineral Resource within the East Goldbrook Gold System (“EG Gold System”). Anaconda also encountered five occurrences of visible gold (Exhibit A, B).
The EG Drill Program intersected a high-grade mineralized zone which included 25.70 grams per tonne (“g/t”) gold over 1.5 metres and 8.00 g/t gold over 3.2 metres up plunge from very high-grade historic assays including 215.74 g/t gold over 3.7 metres (the “High-Grade Zone”) (See photo in Exhibit C). The High-Grade Zone plunges moderately to the east and is located on the south dipping limb of the host fold structure. It extends for at least 150 metres and is open down plunge. High-grade plunging chutes are common at Goldboro , having been intersected elsewhere in the deposit. Furthermore, numerous other mineralized zones were intersected along the south limb of the EG Gold System outside of the High-Grade Zone, with further drilling planned to confirm the geological model for these zones.
A table of selected intersections from both recent and historical drilling are shown in the table below.
“These drill results continue to demonstrate the expansion potential of the Goldboro Deposit as well as the ability to locate pockets of very high-grade continuous mineralized zones. The results from the EG Drill Program, taken together with historical drilling in the East Goldbrook area, indicate that there is a very high-grade zone of at least 150 metres in plunge length, which remains open for expansion down plunge. In our upcoming 5,000-metre drill program, we will take a closer look at this high-grade area to see if we can define it better. With all results received from the 10,000-metre drill program, we are incorporating them into an updated Mineral Resource estimate currently underway by WSP Canada Inc. We expect to publish a new estimate by the third quarter.”
~ Dustin Angelo , President and CEO, Anaconda Mining Inc.
Initiation of a 5,000-metre drill program at Goldboro
The Company will initiate a 5,000-metre drill program at Goldboro beginning in March. The drill program will focus on expansion drilling in the EG Gold System with the goal of growing resources and better defining the extents of the high-grade plunging chutes intersected in the recent EG Drill Program. The drill program will also focus on infill drilling portions of the Boston Richardson Gold System with the goal of converting high-grade Inferred Resources to Indicated Resources. The 5,000-metre diamond drill program will be funded using the proceeds of a flow-through financing completed in July of 2018.
Table of selected composited assays from drill holes reported in this press release:
Hole ID
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Gold
System
Visible
Gold
Section
BR-18-64
147.8
148.6
0.8
1.17
EG
9750E
Current
and
255.3
256.0
0.7
1.45
EG
and
267.2
267.7
0.5
0.54
EG
VG
and
387.5
388.0
0.5
1.33
EG
and
451.5
452.0
0.5
2.05
EG
BR-18-65
133.6
134.1
0.5
5.69
EG
and
190.0
191.0
1.0
3.37
EG
and
317.7
318.3
0.6
6.41
EG
and
321.5
322.1
0.6
2.53
EG
VG
BR-18-66
61.0
62.5
1.5
25.70
EG
including
61.0
61.6
0.6
63.33
EG
VG
and
90.0
92.0
2.0
6.37
EG
including
90.0
91.0
1.0
12.08
EG
and
183.6
185.0
1.4
1.22
EG
and
229.0
230.0
1.0
1.36
EG
BR-18-67
51.2
52.2
1.0
2.42
EG
9850E
and
53.8
54.4
0.6
5.94
EG
and
75.0
77.5
2.5
1.57
EG
and
116.6
118.0
1.4
1.48
EG
and
125.5
128.0
2.5
2.24
EG
and
136.6
139.2
2.6
4.86
EG
including
137.6
138.2
0.6
16.89
EG
and
142.6
145.8
3.2
8.00
EG
including
145.0
145.8
0.8
30.66
EG
VG
and
189.8
190.4
0.6
12.33
EG
VG
BR-18-16
23.5
24.0
0.5
0.73
EG
9650E
Previous
and
189.1
189.7
0.6
11.59
EG
VG
and
315.6
318.5
2.9
2.23
EG
including
315.6
316.1
0.5
8.88
EG
OSK11-01
36.0
37.0
1.0
1.82
EG
9650E
Historic
and
43.9
46.0
2.2
0.96
EG
and
61.0
62.0
1.0
0.76
EG
and
86.0
88.0
2.0
1.81
EG
and
128.0
130.0
2.0
0.58
EG
OSK11-02
117.0
118.5
1.5
137.77
EG
VG
including
117.0
117.5
0.5
412.00
EG
VG
and
127.0
128.5
1.5
0.65
EG
and
174.0
175.0
1.0
1.28
EG
and
179.5
183.0
3.5
1.76
EG
VG
including
182.0
183.0
1.0
4.55
EG
and
199.5
200.5
1.0
0.77
EG
and
235.5
236.5
1.0
2.28
EG
OSK11-03
17.0
18.0
1.0
0.54
EG
9900E
and
38.0
39.0
1.0
1.28
EG
and
46.0
47.0
1.0
2.87
EG
and
49.0
50.5
1.5
2.02
EG
and
143.0
143.7
0.7
4.28
EG
OSK11-04
42.0
43.0
1.0
0.69
EG
and
140.0
140.5
0.5
35.10
EG
VG
and
193.9
197.5
3.7
215.74
EG
VG
including
193.9
194.4
0.5
1570.00
EG
VG
and
205.0
206.0
1.1
2.00
EG
and
213.0
224.5
11.5
1.24
EG
VG
including
223.0
224.5
1.5
6.23
EG
and
230.3
231.5
1.2
0.58
EG
This news release has been reviewed and approved by Paul McNeill , P. Geo., VP Exploration with Anaconda Mining Inc., a “Qualified Person”, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
All samples and the resultant composites referred to in this release are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL , for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80-100% of true widths.
A version of this press release will be available in French on Anaconda’s website (www.anacondamining.com) in two to three business days.
ABOUT ANACONDA
Anaconda Mining is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia . The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland , comprised of the Stog’er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 10,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia , a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick .
FORWARD-LOOKING STATEMENTS
This news release contains “forward-looking information” within the meaning of applicable Canadian and United States securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anaconda to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the annual information form for the fiscal year ended December 31, 2017 , available on www.sedar.com. Although Anaconda has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Anaconda does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Exhibit A. A map showing the location of recent drilling and highlights from the EG Gold System at Goldboro. Four holes, drilled for metallurgical testing, pending assays are also shown (holes BR-18-68 to -71). (CNW Group/Anaconda Mining Inc.)
Exhibit B. A long section through the EG Gold System showing the location of high-grade drill intersections along a 150-metre plunge and other interpreted zones of mineralization. Further drilling is required to create a geological model of these mineralized zones. All zones remain open for expansion down plunge. (CNW Group/Anaconda Mining Inc.)
Exhibit C. A photograph of NQ core from diamond drill hole OSK-11-04 from the High-Grade Zone showing visible gold associated with a composited assay of 215.7 g/t over 3.7 metres. Canadian two-dollar coin for scale. (CNW Group/Anaconda Mining Inc.)
I’m not focused on what gold does tomorrow, or next week, or even next year. It will be what it will be. But it is my belief that there are so many unresolved issues that have to be addressed that it is highly probable that at least one or more will end up badly and that will be the spark that sets gold free to rise to a new all-time high. Among the issues are interest rates, the bond market, inflation, the economy, the stock market, the Middle East plus whatever new excitement Trump gets us involved in. Take your pick. What do you think the odds are that all of these items work out favorably? I wonder what odds Vegas would give?
Gold started the last bull market at $272 and powered all the way up to $1,900. Starting from the recent bottom at $1,174 it is not being unrealistic to expect gold to rise far above $2,000 this time. If it matches the gain from 2000 until 2008, gold would rise to $8,200. I’d be fine with just $2,000.
Silver is currently selling for about what it did 10-years ago.
David’s Commentary:
But look at the 20-year silver chart.
Silver is also turning up off major support at the $15 area and now setting up to break $20 and make the slow move up to $27.50 where major resistance sits.
This chart pattern is going to be one for the record books when it’s setup to break into new highs above $50.
David’s Commentary:
Gold and silver are insurance, not investments. Catch the bull market wave and the results can be stunning. Or heartbreaking on the way down. We’ve survived the way down and now, the metals are turning back up and just biding their time to break strongly out to the upside.
What is holding them back and how will it change? The Federal Reserve, JPMorgan and friends are holding it back. Many people think that JPMorgan is working side by side with the Fed to keep the prices in check. The government’s regulatory agencies are sitting on the sidelines and allowing massive interventions and manipulation without saying boo!
But – when one or more of the topics I mentioned in the opening unfolds and the price starts to move up rapidly, the computer-driven algorithms that buy and sell will all switch over to the buy mode, the big money hedge funds will enter the party and it will be impossible to slow down the Gold and Silver Express. They couldn’t stop it from increasing 7-fold (gold) or 10-fold (silver) from 2000 to 2011. They won’t be able to stop it this time either. All it needs is a bit of momentum to get the hedge funds buying again. They all follow the price and if gold and silver are the “go to” investments, the big money will be there in the forefront.
Kimble Charting Solutions thinks we are right on the cusp of a breakout. The mining shares traditionally lead the physical metals on the way up, and down. They are about to issue a buy signal…
Mining stocks are facing an opportunity they haven’t seen many times in the past 8-years!
This 2-pack looks at the Gold Bugs Index (HUI) and the Gold & Silver Miners (XAU) Index over the past 12-years. Since the highs in 2011, both have created a series of lower highs and lower lows along each (1) line. The counter-trend rally the past couple of months has each mining index facing long-term falling resistance at each (2).
These resistance tests have happened a few times over the past 8-years, where breakout attempts have failed. If they would do something different this time and succeed in breaking out at each (2), both should attract new buying pressure and quality rallies should follow.
What mining stocks do here is one of the most important price tests in years!
David’s Commentary:
Craig Hemke, is an analyst I follow and one whose views are very similar to mine. Here is what he has to say about the precious metals market and why he is convinced that gold and silver will reach all-time highs in the next 18 months.
The Make Believe Gold and Silver Scheme Is Going to Collapse
Was gold ever “fixed” or is the “fix” coming? We have to remember, this has been one massive experiment for the last 10-years. The Fed has been flying by the seat of their pants, and they have been ever since the market collapsed 10-years ago. The Fed began with QE-1, and that was supposed to be a one-of a kind event. That led to QE-2 and QE-3. For the past four years, they have been playing the “confidence game” – telling people that now things are just going to get back to “normal.” The interest rates are going to go back to normal, the Fed’s balance sheet is going to go back to normal, and they are playing that game to create “confidence.” We are about to find out this year and next that this was just an “experiment” and they are going to have to go back to cutting rates and they will go back to QE. The world is living off of money printing and liquidity. They can’t stop; you saw a little bit of what happened in December. They tried to stop and they tried to liquidate some of their balance sheet. The result was that the stock market plunged. The Fed had to reverse course. This is the new “normal” and this confidence scheme the Fed has been trying to implement the last four or five years is falling apart. That’s what’s driving gold. Read Full Article Here
About Miles Franklin
Miles Franklin was founded in January, 1990 by David MILES Schectman. David’s son, Andy Schectman, our CEO, joined Miles Franklin in 1991. Miles Franklin’s primary focus from 1990 through 1998 was the Swiss Annuity and we were one of the two top firms in the industry. In November, 2000, we decided to de-emphasize our focus on off-shore investing and moved primarily into gold and silver, which we felt were about to enter into a long-term bull market cycle. Our timing and our new direction proved to be the right thing to do.
We are rated A+ by the BBB with zero complaints on our record. We are recommended by many prominent newsletter writers including Doug Casey, Jim Sinclair, David Morgan, Future Money Trends and the SGT Report.
For your protection, we are licensed, regulated, bonded and background checked per Minnesota State law.
Toronto, Ontario and Vancouver, British Columbia–(Newsfile Corp. – February 27, 2019) – Minera Alamos Inc. (TSXV: MAI) (“Minera” or the “Company”) cordially invites you to visit with Company representatives on Sunday, March 3rdand Monday, March 4th at Booth #2423A within the Investors Exchange at the 2019 Prospectors & Developers Association of Canada (PDAC) Convention to be held at the Metro Toronto Convention Centre.
The Red Cloud 2019 Pre-PDAC Mining Showcase will be held on Friday, March 1 at the Omni King Edward Hotel. Minera will have a company display and will also be meeting with the investment community throughout the day.
Minera looks forward to updating shareholders and conference attendees on its exploration and development plans for 2019, following the notice of approval of permits at the La Fortuna gold project, Durango, Mexico and pending permits at the Santana gold project, Sonora, Mexico.
For more information and/or to register for the conference please visit:
Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heap-leach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa with mine planning in progress.
The Company’s strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Bob Moriarty Archives Feb 26, 2019
A young and newly listed junior with a very interesting gold project nearYellowknife contacted me recently. It’s an interesting company with a historic resource of 85,000 ounces of gold at a grade of 12 g/t, almost $1 million in the bank and a total market cap of under $3 million. They are hard at work doing the groundwork necessary before beginning a drill program.
The company is named Rover Metals (ROVR-V) and they just added their US symbol. The gold is associated with an Archean age iron formation. As Quinton Hennigh has written about in a number of papers, the vast majority of gold on earth comes from Archean age deposits. Gold and iron get along well and you often find them together or nearby. We know that the iron precipitated out of salt water and if that is so, why would gold be any different?
It’s in a target rich environment at Cabin Lake just 110 km northwest of the7 million ounce Giant Gold Mine in Yellowknife and near an all season road scheduled for completion in 2020.
Rover is one of those microcap stocks that will benefit the most from an ongoing bull market in resources. They have money in the bank, a high grade resource of sorts and a tiny market cap. The projects have some exploration results going back over 70 years but could benefit from modern exploration techniques. The price of shares can go up but it’s pretty hard to see how it can go down. Obviously they need to get drilling and start releasing results but in time that will come.
Rover is an advertiser, I have bought shares in the open market and I am biased. For more information on the company you can view their fact sheetand investor presentation. Rover Metals Corp.
ROVR-V $.06 (Feb 25, 2019)
ROVMF-OTCBB 47.4 million shares
Rover Metals Website ### Bob Moriarty President: 321gold Archives 321gold Ltd
I recently got a copy and read Bob Moriarty’s new book called “Basic Investing in Resource Stocks: The Idiot’s Guide”, and thought I would do a quick review…
The book covers everything from the current state of the world, the metals, the different kinds of resource companies, how to go about investing and what tools that are important to use. It was an easy book to read, and I as a resource stock investor, really liked the content for a couple of reasons;
First (and most importantly) of all, this is not a “feel good book” that says a bunch of stuff, but at the same time, says nothing concrete at all. It’s a pragmatic one, written by a long term resource company investor. Bob has been in this business for a long time and has seen it all. He has seen the ups and downs of commodity cycles, and he has run across all types of people and companies. He knows all the shady tricks and all the pitfalls that most of us will have fallen into, on our way to (hopefully) enlightenment.
Bob explains key concepts with the help of anecdotes and real life examples, which makes them easier to understand, and will hopefully come in handy when the reader comes across different subjects in the future (like counter party risk).
While reading it, I made sure to copy/paste some key quotes into a word document, that I (especially) thought were important to always keep in the back of my head. Well, that document ended up being about five pages long, and that’s excluding Bob’s two lists with words of wisdom, where he synthesizes the main take aways.
Anyhow, I thought it would be a good idea to mention a few of the quotes that I had saved, and perhaps add on a few comments of my own. So I asked him for permission to do so and got this response: “Any way you wish. The whole purpose of the book is to help investors. Anything that broadens their education is fine with me. – Bob”
Suffice it to say, Bob would really like to see better informed investors. Better informed investors leads to more money in the hands of investors, more capital for honest and good companies, and less money in the hands of crooks (or “lifestyle companies” as Bob calls it)… A win-win-win.
Now, lets look at some of the many quotes:
“Someone has to pay for every mistake in one form or another, and it will be a lot cheaper for you if you listen as I explain how foolish I have been.”
… This is the reason why I never throw away books. They contain synthesized knowledge based on decades of experience and research. It’s good to make mistakes when you also learn from them, but it’s of course way more costly than learning from others mistakes. The key is to really understand what and why something went wrong though. If you make a mistake yourself, you will probably have a painful memory that reminds you not to “do that again”, but learning from others means you really have to hammer in the essence of said mistake. “There is one thing I should include here: the basic liquidity of the market is an indication of where you are. At market bottoms you can’t give shares away; at tops, the market has total liquidity. So if you can sell shares easily, that is often a great indication of when to sell”
… This is an important concept to internalize; If there are no buyers, there is no greed, and possibly even big discounts in place. If a stock is doing well and there are tonnes of bids, then you know that you are not the first one in. With that said, this is more of a swing tactic to use when nothing has changed for a company on a fundamental basis, since there will of course always be bids if a company that just released company making news (That will take at least some time to be reflected in the share price). “I’m going to show you how to do it, but you have to discard almost all of what you think you know. You have to learn the basics of investing that no one has ever bothered teaching you. You know how to add. You know how to read. You probably have some special skill that someone is willing to pay you for doing well. But as far as I know, there are no classes on how to invest, and if you are to profit, you have to know the basics.”
… This points out the fact that there is no class or golden formula out there that will allow you to beat the market. Believe me, I have taken finance and economics classes, and pretty much the only concepts that stuck and was worth its salt was “NPV” and “Opportunity Cost”, but nothing really to prepare me for investing in the resource sector. “I don’t make any money because I am so smart; I get all my profit because other people are so foolish.”
… He points out that he has not done well for himself because of his smarts, but rather by not being foolish, unlike the herd. Human psychology is the enemy, and one must learn how to fight ones impulses, like fear and greed. Common sense and avoiding pit falls is the name of the game, so limit the costly mistakes that the majority will make, and most of the battle will be won already… Easier said than done of course(!) “What I’m trying to say is that investing in juniors and making a profit has far more to do with timing than with the commodity, the management, or country risk. Those factors are all interesting but the phase of the investment cycle as measured by sentiment is far more important.”
… This was a gruesome lesson to learn for me personally, but market psychology (cycles) trumps all. When the cycle is up, everyone allows themselves to price in a rosy future for any company (and they buy accordingly). When the cycle is down, investors instead only focuses on risks and no price seems low enough to price them in (and they sell accordingly). It makes me think of another quote by Bob that goes something like this: “At a bottom, everyone is looking for a reason to sell”. “As an investor, you must use every possible sentiment indicator you can get your hands on.”
… the importance of sentiment is something that Bob mentions a lot in this book, and something I am slowly trying to cement in the back of my head. Unloved (for whatever reason) or unknown stocks is what one should look to buy. “Investment advice and information comes in two flavors, signal and noise. That which is signal gives you potentially valuable information that you can use to make intelligent investment decisions. But noise does little more than confuse the listener. Not everything you hear or read helps you.”
… This is important because there might be bulls, bears, pumpers and/or bashers that harp on about certain things that might be trivial for a company in the grand scheme of things. This is noise vs signal concept also includes daily vs longer term stock movements, as Bob describes it in the book. A stock might go up or down on any given day based on nothing, and should thus be considered noise. Buffet famously mentions that “mr market” is schizophrenic and that he loves to take advantage of short term declines (noise). Suffice it to say, the signal vs noise problem is something that is prevalent from micro (company fundamentals) to macro (trends) and should be something to take into account at all times.
Closing Thoughts
The book covered more subjects than I first thought and is an invaluable source of knowledge for anyone investing in this sector. There are loads of quotes and bullet points that I myself am planning to print out and put up on the wall, since keeping the common (human) pitfalls in mind at all times is a very big step towards beating the market. You can buy Bob’s new book for $7.49 (Kindle) or $12.99 (Paperback) through my affiliate link HERE or you can buy it HERE for the same price (if you don’t want me to get the few cents in commission.)
(I have not received any payment to write this article. Bob was kind enough to send me a copy for free and I thought it was a good idea to write about the book coupled with some thoughts of my own.)
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VANCOUVER, British Columbia, Feb. 27, 2019 (GLOBE NEWSWIRE) — Riverside Resources Inc.(the “Company” or “Riverside”)(RRI.V) is pleased to announce that the Company has received exceptionally strong investor interest and intends to increase its previously announced non-brokered private placement (see press release February 13, 2019) by an additional $800,000. Riverside now plans to raise up to $2,300,000 in gross proceeds from the issuance of 14,375,000 units at a purchase price of $0.16, up from the original $1,500,000 target.
Each unit consists of one common share and one whole common share purchase warrant (“Unit”). Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.22 (“Warrant”). If, at any time after four months following the closing of the private placement, the closing price of the common shares on the TSX Venture Exchange (“TSX-V”) trades at a VWAP equal or greater than $0.45 for 10 consecutive trading days, the Company may accelerate the expiry date of the Warrants by disseminating a press release announcing the new expiry date whereupon the Warrants will expire on the 30th trading day after the date on which such press release is disseminated.
The Company will use the proceeds of the financing to fund a focused drill program at the Cecilia Gold Project, additional project acquisitions and further target refinement on existing projects to advance towards new partnerships. The Company may pay finders fees in cash or Units to qualified finders of up to 8.0% of the aggregate gross proceeds realized from subscribers identified by the finder. The closing of the private placement is subject to TSX-V approval.
The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons without United States federal and state registration or an applicable exemption from registration requirements.
About Riverside Resources Inc.:
Riverside is an exploration company driven by value generation and discovery. The Company has 45M shares issued and a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO
For additional information contact:
John-Mark Staude
President, CEO
Riverside Resources Inc. info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward looking terminology (e.g., “expect”, “estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Toronto, Ontario–(Newsfile Corp. – February 26, 2019) – Minera Alamos Inc. (TSXV: MAI) (OTC Pink: MAIFF) (the “Company” or “Minera Alamos“) is pleased to announce that it is undertaking a non-brokered private placement offering for aggregate proceeds of up to C$5 million (the “Offering“).
Pursuant to the Offering, the Company may issue an aggregate of up to 50,000,000 common shares (the “Shares“) at a price of CDN$0.10 per Share (the “Offering Price“). There are no warrants being issued as part of this offering. All shares issued under the Offering will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.
The closing of the Offering is expected to occur on or about March 1, 2019 and remains subject to receipt of all necessary regulatory approvals including acceptance for filing by the TSX Venture Exchange. A finder’s fee may be paid by the Company in the form of a 6% cash fee and the issuance of finder’s warrants (the “Finder’s Warrants“) in an amount equal to 6% of the Shares placed with subscribers introduced by any finder under the Offering. The Finder’s Warrants will each be exercisable for one Share at the Offering Price for a period of two years following the closing of the Offering.
About Minera Alamos
Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heapleach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa with mine planning in progress. The Company is awaiting the pending approval of permit applications related to the commercial production of gold at both the Santana and Fortuna projects.
The Company’s strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.
Mr. Darren Koningen, P. Eng., Minera Alamos’ CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101. Mr. Koningen has supervised the preparation of, and approved the scientific and technical disclosures in this news release.
This news release may contain forward-looking information and Minera Alamos cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Minera Alamos included in this news release. This news release includes certain “forward-looking statements”, which often, but not always, can be identified by the use of words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements with respect to Minera Alamos’ future plans, objectives or goals, to the effect that Minera Alamos or management expects a stated condition or result to occur and the expected timing. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. This list is not exhaustive of the factors that may affect any of Minera Alamos’ forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Minera Alamos’ forward-looking statements. Minera Alamos does not undertake to update any forward-looking statement that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.
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