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Precious Metals

JUNIOR MINING | Calibre Mining Strengthens Management and Board of Directors

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Vancouver, British Columbia:  Calibre Mining Corp. (TSX-V: CXB) (the “Company” or “Calibre”) is pleased to announce the appointment of two seasoned mining professionals to the Calibre Board of Directors.   Effectively immediately, Russell Ball has been appointed Executive Chair and Raymond Threlkeld joins the Board as a Director.  Concurrent with these appointments, John Reynolds has stepped down from the Calibre Board and will be continuing with the Company as a member of the new Strategic Advisory Board.  Mr. Darren Hall has also joined the Company as a member of the Strategic Advisory Board.
Douglas Forster, Director of Calibre stated: “We are very pleased to welcome Russell Ball and Raymond Threlkeld to the Board.  Both have long and successful track records in value creation in the mining sector and extensive experience in mergers and acquisitions, mine permitting, mine building and operations.”
“The Board of Directors would like to thank John Reynolds for his significant contributions to the growth of Calibre and we look forward to working with him as a member of the Strategic Advisory Board.  Having worked with Darren Hall when he was Chief Operating Officer at Newmarket Gold, I am very pleased to welcome Darren to the Calibre team as a member of the Strategic Advisory Board.  As Chief Operating Officer of Newmarket, Darren was instrumental in optimizing our gold operations which ultimately led to the $1.0 billion merger with Kirkland Lake Gold in 2016.”
Russell Ball, Executive Chair of Calibre stated: “I am excited to join the Calibre team and look forward to helping grow the business.  With over two million ounces of defined gold equivalent resources, two mid-tier gold partners in IAMGOLD and Centerra Gold, and an experienced management team and Board, Calibre has an excellent foundation upon which to grow the business through strategic and value-accretive acquisitions.”
Russell Ball, Executive Chair
Mr. Ball joined Goldcorp in May 2013, as Executive Vice-President of Projects and Capital Management, and in December 2014 was appointed Executive Vice-President of Corporate Development and Capital Projects.  He served as Chief Financial Officer and Executive Vice-President of Corporate Development from March 2016 to October 2017.  Prior to joining Goldcorp, Mr. Ball served as Executive Vice-president and Chief Financial Officer of Newmont.  Over his 19 years with Newmont, Mr. Ball worked in internal audit, finance, treasury, operations/project and investor relations before joining the executive team as Chief Financial Officer.  Prior to Newmont, Mr. Ball was a manager with PricewaterhouseCoopers in Durban, South Africa.  He qualified as a chartered accountant from the Institute of Chartered Accountants of South Africa and as a certified public accountant in Colorado.
Raymond Threlkeld, Director
Mr. Threlkeld has over 32 years’ experience in the mineral exploration, mine operations and construction and executive management.   Most recently, Mr. Threlkeld was President and CEO of New Gold Inc., a NYSE listed mid-tier gold producer, and was a member of the New Gold Board of Directors from 2009 to 2018.  Prior to his leadership at New Gold, Mr. Threlkeld was President and CEO of Rainy River Resources until 2013 when Rainy River was acquired by New Gold.  Raymond was also a director of Northern Empire Resources Corp. from March 2017 until Northern Empire was acquired by Coeur Mining Inc. in October 2018.  Mr. Threlkeld was Executive Chairman of Newmarket Gold Inc. from July 2015 to November 2016 when the company was merged with Kirkland Lake Gold in a $1.0 billion transaction.  From 1996 to 2005 Mr. Threlkeld held a variety of senior executive positions with Barrick Gold Corporation rising to the position of Vice President, Project Development.  During his tenure at Barrick he was responsible for placing more than 30 million ounces of gold resources into production including the development of the Pierina and Lagunas Norte Mines in Peru, the Bulyanhulu Mine in Tanzania, the Veladero Mine in Argentina and the Cowell Mine in Australia.    Mr. Threlkeld holds a B.Sc. Degree in Geology from the University of Nevada.
Darren Hall, Member – Strategic Advisory Board
Darren Hall has over 30 years of experience in the mining industry and has a proven to be a successful and trusted leader through his operational accomplishments.  He has a proven track record of increasing production, reducing operating costs, improving capital effectiveness and promoting health, safety and business excellence.  Darren joined Newmarket Gold in 2015 and was responsible for maintaining a strong foundation of quality gold production, yielding record operational results.  Newmarket Gold was merged with Kirkland Lake Gold in a $1.0 billion transaction in 2016.  Prior to joining Newmarket Gold, Darren worked for Newmont Mining Corporation where he held roles of increasing responsibility throughout the organization for almost 30 years.  Under his leadership as Group Executive Operations for Newmont Asia Pacific, Darren managed a team of 14,000 employees producing 1.8 million ounces of gold annually from six operating mines across three countries.  He also worked with Newmont in Peru, Indonesia and the United States and in Australia as General Manager of the Boddington Gold Mine where he led a team of 1,800 employees producing 750,000 ounces of gold annually.  Darren graduated with a Bachelor of Mining Engineering (Hons) from the Western Australia School of Mines in Kalgoorlie.  Mr. Hall currently serves as Principal of Hall Mining Services.
Following the Board changes, the Board of Directors now consists of eight members:

Russell Ball Executive Chair
Greg Smith President & CEO, Director
Douglas Forster Director
Blayne Johnson Director
Douglas Hurst Director
Raymond Threlkeld Director
George Salamis Director
Edward Farrauto Director
The Strategic Advisory Board consists of two members:
John Reynolds
Darren Hall

Calibre has granted 1,400,000 stock options to directors, officers, employees and consultants of the Company at a price of $0.45 for a period of five years.  These options are subject to regulatory approval and are granted under the company’s stock option plan.  Following the completion of the Company’s recent financing Calibre has approximately $4.7 million in working capital, no debt and 42.8 million shares issued and outstanding.
About Calibre Mining Corp.
Calibre owns a 100% interest in over 413 km2 of mineral concessions in the Mining Triangle of Northeast Nicaragua, including the Primavera Gold-Copper Project and Santa Maria Gold Project. Additionally, the Company has optioned to IAMGOLD (176 km2) and Centerra Gold (253 km2) concessions covering an aggregate area of 429 km2 and is party to a joint venture on the 33.6 km2 Rosita D gold-copper-silver project with Rosita Mining Corporation and Century Mining.  Major shareholders of Calibre include gold producer B2Gold Corp, Lukas Lundin and management.
Calibre Mining Corp.
Greg Smith, P.Geo.
President and CEO
For further information contact:
Ryan King
604 628-1012
www.calibremining.com
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.
Cautionary Note Regarding Forward Looking Statements
This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results “ may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.
Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking statements”. Such forward-looking statements including but not limited to those with respect to the price of gold, potential mineralization, reserve and resource determination, exploration results, and future plans and objectives of the Company involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Calibre to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

NEWS

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Base Metals Energy

URANIUM | NexGen Energy: 3Q Earnings Snapshot

VANCOUVER, British Columbia (AP) _ NexGen Energy Ltd. (NXE) on Tuesday reported a loss of $14.7 million in its third quarter.

The Vancouver, British Columbia-based company said it had a loss of 5 cents per share.

The company’s shares closed at $2.34. A year ago, they were trading at $1.96.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NXE at https://www.zacks.com/ap/NXE

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Energy Oil & Gas

ROBERT KIYOSAKI | Why Invest In Oil ?

Rich Dad , Robert T.Kiyosaki latest video about why we should invest commodities such as oil, gold, silver and other precious resources. Here in this video, Robert talks more on the reason why invest in oil as a long term financial success and how you can do it too in support with Rich Dad advisor , Tom Wheelright. Feel free to share the information worldwide and let them be educate by the financial education from Rich Dad.

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Precious Metals

Visualizing $21 Trillion of National Debt: Which Presidents You Should Blame the Most

Original Source: https://howmuch.net/articles/usa-debt-by-president

rnest Hemingway once supposedly wrote, “How did you go bankrupt? Two ways. Gradually, then suddenly.”

Hemingway’s observation looks increasingly spot on when it comes to the U.S. national debt, which now stands at well over $21 trillion. A trillion dollars written out is $1,000,000,000,000. That’s 12 zeroes. How did we get here? Our visualization offers a unique perspective, breaking down the debt into the deficits each U.S. President has added throughout American history.

The U.S. Treasury tracks the historical data for U.S. government debt. Overall figures from before 1950 can be found here, and more specific numbers after 1950 can be found here. We should also give proper credit for pulling these disparate sources together to The Balance. We created a 3-D visualization showing the cumulative deficits each U.S. President has added to the national debt in history, where each block represents $3 billion in today’s dollars. All the Presidents from 1789 – 1913 are lumped together at the bottom, but as you move from the bottom up, you can see the color-coded contribution from each administration. The numbers for future increases to the debt under President Trump came come directly from the White House.

There are a few caveats to keep in mind when thinking about this visualization. First off, the numbers represent inflation-adjusted dollars to make a fair comparison over several years. Presidents also don’t have total control over the deficit. For example, the deficit during their first year in office is predetermined by their predecessor’s budget. Fiscal policies are also ultimately set by Congress even if the President submits a budget blueprint for consideration. And finally, deficits tend to grow during economic downturns and times of war and shrink during more prosperous and peaceful times. That’s why some economists prefer to look at deficits as a percentage of national GDP as opposed to overall terms. After all, a “large” deficit might not actually be very big if it’s tiny compared to the size of the economy.

With all that being said, there’s a lot that we can learn from our visualization. Let’s start by looking at the overall picture, namely, deficits only started growing substantially in the last 40 years of American history. Prior to the Reagan administration, the combined cumulative U.S. debt stood at only about $750 billion, which Reagan almost tripled over 8 years. None of his successors then slowed down, with George H.W. Bush adding $1.55 trillion in a single term, followed by Clinton at $1.4 trillion, Bush at $5.85 trillion, and Obama $8.59 trillion, all over 2 terms. Trump is meanwhile projected to add a total $4.78 trillion during his first term.

So the overall trajectory of the deficit is to keep getting bigger year after year. Reagan inherited a national debt of $750 billion, and Trump added almost $779 billion in fiscal 2018 alone. Yes, there are some periods of stabilization or even contraction, but in general, Presidents from both parties keep adding more and more to the national debt.

What does all this really mean? Is the country ever going dramatically change course? It’s hard to say, but the good news is that the U.S. government can still issue debt at historically favorable rates, with the 30-year treasury bill yielding only 3.24% right now. And measured against the size of the entire economy, the annual deficit is still less than5% of GDP even if the total debt is now larger than 100% of GDP. Eventually something is going to have to change, but in the near term it looks like deficits really don’t matter. Remember what Hemingway said, “Gradually, then suddenly.”
Data: Table 1.1

by
Raul
29 October 2018
Visualization

 

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Precious Metals

JUNIOR MINING | Rise Gold Announces Final Closing of C$2.5 Million Financing

ancouver, British Columbia–(Newsfile Corp. – November 6, 2018) – Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (the “Company“) announces that it has closed the second and final tranche of the non-brokered private placement announced in its October 16, 2018 news release (the “Private Placement“).

In the final tranche closing, the Company raised a total of $750,000 through the sale of 7,500,000 units (each a “Unit“) at $0.10 per Unit where each Unit consists of one share of common stock (a “Share“) and one half of one share purchase warrant (a “Warrant“). Each whole Warrant entitles the holder to acquire one Share at an exercise price of $0.13 until November 5, 2020. All 7,500,000 Units issued in the final tranche were acquired by Southern Arc Minerals Inc. (“Southern Arc“). All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. The Company will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Gold Project and for general working capital.

Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) (“Yamana“) recently completed a strategic initial investment of C$1.75 million in the Company through the purchase of 17,500,000 Units through a wholly-owned subsidiary, Meridian Jerritt Canyon Corp., in the closing of the first tranche of the financing. Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Canada, Brazil, Chile and Argentina.

Southern Arc is an insider of the Company by virtue of its shareholdings, and as a result, its participation in the Private Placement constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The related party transaction is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to subsection 5.5(a) of MI 61-101, and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to subsection 5.7(1)(a) of MI 61-101. The Company will file a material change report. A material change report was not filed more than 21 days prior to closing as contemplated by the related party transaction requirements under MI 61-101 as the insider participation was only recently confirmed.

The securities offered have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 650, 669 Howe Street
Vancouver, BC V6C 0B4
T: 604.260.4577
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Categories
Precious Metals

JUNIOR MINING | Pacton Signs Golden Palms Definitive Agreement

VANCOUVER , Nov. 6, 2018 /CNW/ – Pacton Gold Inc. (TSXV: PAC, OTC: PACXF, FSE: 2NKN) (the “Company” or “Pacton“) is pleased to announce closing of the Golden Palms property (E 47/3810) acquisition agreement. (Pacton News: Oct 19, 2018 ).

The Golden Palms project is strategically significant in that it extends Pacton’s adjacent Friendly Creek and Hong Kong tenements northward and westward to join Novo Resources Corp.’s Egina project. (Pacton News: Sept 21, 2018 ). (Figure 1).

Figure 1. Location map of Pacton tenements in the Egina Area. (CNW Group/Pacton Gold Inc.)

View photos

Figure 1. Location map of Pacton tenements in the Egina Area. (CNW Group/Pacton Gold Inc.)

Under the terms of the Golden Palms agreement, Pacton will purchase 100% of the property by paying a total of $100,000 and issuing 400,000 common shares on completion of the transaction.

The Company also announces that it has entered into an option agreement to purchase 12 mineral claims located in the Red Lake Mining Division, Ontario (the “Red Lake Property“), for aggregate consideration of $110,000 and 250,000 common shares to be paid and issued over two years.  The claims are subject to net smelter returns royalties ranging from 0.25% to 2.25%, half of which can be purchased by the Company for $250,000 . The 12 newly acquired mineral claims are strategically located between Pure Gold’s Madsen and Wedge zone ground and Great Bear Resource’s Dixie discovery. In late September 2018 , Great Bear Resources reported a drill intersection of 18.23 g/t Au over a drill width of 10.35 meters in what was described as “crack-seal” style veining typical of the Red Lake district (see Great Bear Resources press release dated September 27 , 2018). Pacton has now consolidated this strategic land position with the acquisition of these claims within a fertile gold bearing district (Figure 2).

Figure 2. Location map of Pacton claims in Red Lake area (CNW Group/Pacton Gold Inc.)

View photos

Figure 2. Location map of Pacton claims in Red Lake area (CNW Group/Pacton Gold Inc.)

Both the Golden Palms agreement and Red Lake Property agreement are subject to the acceptance of the TSX Venture Exchange. The Company will be seeking such acceptance forthwith.

The technical content of this news release has been reviewed and approved by Peter Caldbick , P.Geo., a director of the Company and a Qualified Person pursuant to National Instrument 43‑101.

About Pacton Gold

Pacton Gold is a well-financed Canadian junior with key strategic partners focused on the exploration and development of conglomerate-hosted gold properties located in the district-scale Pilbara gold rush in Western Australia.

On Behalf of the Board of Pacton Gold Inc.

Alec Pismiris
Interim President & CEO

This news release contains or refers to forward-looking information based on current expectations, including, but not limited to the Company completion of the proposed transaction described herein, the prospect of the Company achieving success in exploring its properties and the impact on the Company of these events, including the effect on its share price. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances.

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.

Cision
Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/pacton-signs-golden-palms-definitive-agreement-300744502.html

SOURCE Pacton Gold Inc.

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View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2018/06/c6217.html

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Base Metals

JUNIOR MINING | Pacific Empire Minerals Announces Listing on the OTCQB Venture Market Exchange

Vancouver, British Columbia–(Newsfile Corp. – November 5, 2018) – Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) (“Pacific Empire”, “PEMC” or the “Company”), a hybrid prospect generator focused in British Columbia, is pleased to announce that it has received approval to begin trading its common shares on the OTC Markets Group’s OTCQB Venture Market in the United States under the symbol “PEMSF”. Pacific Empire’s common shares will begin trading on the OTCQB Marketplace on November 6, 2018 and will continue to trade on the TSX Venture Exchange.

The OTCQB is recognized as an established public financial market for international companies, including natural resource companies in the exploration industry, to trade in the U.S. The OTCQB Venture Market offers companies the opportunity to build their visibility, expand their liquidity and diversify their shareholder base on an established, public market. The OTCQB offers transparent trading in early stage, exploration companies and provides annual verification and certification of management to investors thereby improving their level of information and trading experience.

Brad Peters, Pacific Empire’s President and CEO, stated, “We are pleased to be listed on the OTCQB, as this provides an opportunity to attract a broader base of international investors. Trading on the OTCQB will expand the company’s presence to new and existing shareholders in the United States with a transparent trading platform. Admission to the OTCQB exchange is part of our strategy to introduce the company to a wide range of institutional and retail investors in the United States.

About Pacific Empire Minerals Corp.

PEMC is an exploration company based in Vancouver, British Columbia, that employs a “hybrid prospect generator” business model. By integrating the project generator business model with low-cost reverse circulation drilling, the company is able to leverage its portfolio by identifying, and focusing on, the highest quality projects for partnerships and advancement.

ON BEHALF OF THE BOARD,

“Brad Peters“
President and Chief Executive Officer

Pacific Empire Minerals Corp.
Tel: +1-604-356-6246
brad@pemcorp.ca
www.pemcorp.ca

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.

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

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Base Metals Precious Metals Project Generators

MINING | Sprott Inc. Announces Date for 2018 Third Quarter Results Conference Call

TORONTO, Nov. 05, 2018 (GLOBE NEWSWIRE) — Sprott Inc. (SII.TO) will host a conference call on Monday, November 12, 2018 at 10:00 a.m. ET to discuss its 2018 third quarter results.  Peter Grosskopf, CEO of Sprott will host the call with Kevin Hibbert, CFO of Sprott. The Company plans to release its financial results at 7:00 a.m. ET the same day.

Conference Call Details
To participate in the call, please dial (855) 458-4215 ten minutes prior to the scheduled start of the call and provide conference ID1985987. A taped replay of the conference call will be available until Monday, November 19, 2018 by calling (855) 859-2056, reference number 1985987. The conference call will be webcast live at www.sprott.com and https://edge.media-server.com/m6/p/35ysaejp

About Sprott Inc. 

Sprott is an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in Canada, the US and Asia, the Corporation is dedicated to providing investors with best-in-class investment strategies that include Exchange Listed Products, Alternative Asset Management and Private Resource Investments. The Corporation also operates Merchant Banking and Brokerage businesses in both Canada and the US. Sprott is based in Toronto with offices in New York, Carlsbad and Vancouver and its common shares are listed on the Toronto Stock Exchange under the symbol (SII.TO). For more information, please visit www.sprott.com

Investor contact information: (416) 943-4394 or ir@sprott.com.

Categories
Energy Oil & Gas

KEVIN DOUGAN | JCO- The Rodney D of the Oil Patch

Original Source: https://kdblueskymarketing.com/knock-knock-on-heavens-door/

JERICHO OIL
The Rodney Dangerfield of the Junior Oil & Gas Sector
In my humble opinion… Jericho Oil (JCO) is one of the least respected and most misunderstood companies in the Junior Oil & Gas Sector. Let’s learn and have a few laughs along the way.
 
 
 
 
 
 
 
I asked my old man if I could go ice skating on the lake. He told me                        wait till it gets warmer.
A barrel of Crude Oil a few years ago was cheaper than a bucket of Kentucky Fried Chicken. I kid you not!!! Those days are over. Oil has more than doubled and is hovering around $65. This means ever increasing profits in upcoming quarters, which should significantly boost share price.
I TELL YA THEY GET NO RESPECT!!!
 
 
 
I told my doctor I swallowed a bottle of sleeping pills. He told me to have a few drinks and get some rest.
Jericho Oil’s share price is CAD 52 cents, almost at its 52-week low and off over 60% from its yearly high. With oil prices rising significantly this year… something is definitely wrong with this picture.
I TELL YA THEY GET NO RESPECT!!
 
This morning when I put on my underwear, I could hear the Fruit of the Loom guys laughing at me.
Invest with the smart money…Jericho has world-class, patient shareholders (cornerstone investors include the Breen [Ed Breen, CEO, DowDuPont] and Belzberg families…(google them, very savvy investors and business titans). They got in at the company’s inception and provided all important strong equity financing support during the lean years 2015-2017 when others were fleeing the market. Follow the smart money. Money begets money !!!
I TELL YA – HE GETS NO RESPECT!!!
My wife made me join the Bridge Club … I jump off next Tuesday.
The stock is very tightly held…JCO insiders hold ≈ 46% of the 128 Million of the issued and outstanding shares. The top 10 investors own ≈ 70% of the company and are in it to win it !!!
I TELL YA – HE GETS NO RESPECT!!!
 
I could tell my parents hated me. My bath toys were a toaster and a radio.
Jericho with zero net debt, JCO had the cash and foresight during the downturn to acquire a very high-quality portfolio of assets from distressed sellers… at the bottom of the market. Today JCO owns and operates ≈55,000 net acres in Oklahoma… including an interest in ≈16,000 in the prolific STACK Play, which was acquired well below the current market prices.
I TELL YOU THIS COMPANY GETS NO RESPECT!!!
 
I looked up my family tree and found 3 dogs using it.
JCO is laser focused. Its assets are all within close radius in Oklahoma Basin and its team of experts are all based locally, which will keep costs down significantly as the company grows.
 
Last week I told my psychiatrist “I keep thinking about suicide”. He told me from now on you have to pay in advance.
Jericho Oil operates in a very pro-oil, pro-growth jurisdiction—Oklahoma is ranked as one of the top 2 jurisdictions globally for oil and gas investment (source: Fraser Institute). As Texas oil fields dry up the smart money is heading north to Oklahoma.
I TELL YA – WE GET NO RESPECT!!!
 
 
 
 
 
What a childhood I had, when I took my first steps my old man tripped me.
Oil is here to stay- Elon Musk and his exploding cars assures that? The World runs on Oil and JCO has it in spades. Oil is the lubricant that keeps the World Economy humming. Problems in Venezuela and many Middle Eastern nations assure the prosperity and popularity of US Crude Oil and any company with land packages in oil rich Mid -America will thrive for years to come.
 
I TELL YA THIS COMPANY GETS NO RESPECT!!!
 
 
My wife and I were happy for 20 years. Then we met!!!
Management is young, experienced and most importantly extremely business savvy as witnessed by the scooping up of tremendous assets at fire sale prices. CEO Brian Williamson sheepishly proclaimed “Never let a good crisis go to waste.” That my friends and fellow investors, is how fortunes are made !!!
In closing … I hope his article made you smile and perhaps laugh out loud. Trust me – I’m serious as a heart attack when I say this investment game is really no laughing matter. We have been through close to 15 years of a bull market in Tech and Fortune-100 stocks. It is high time to position yourself in high quality junior resource stocks which should boom when money flows into this neglected sector. It sure seems the Dow Jones bull is on its last legs and ran its course.
 
THIS COMPANY WILL BE RESPECTED SOON – JUST LIKE MY PAL RODNEY!!!
For those who never heard of Rodney Dangerfield – Enjoy !!!  https://www.youtube.com/watch?v=MecU2keW54I
 
While I am relatively new to the Oil and Gas sector after years investing in Gold and Silver Miners. The same investment principles hold true. Buy Low…Sell High. Sounds simple but 90% of investors can’t seem to embrace that concept. You must be a contrarian investor and seek out the unloved and undervalued companies. The cream always rises to the top… In my humble opinion Jericho Oil fits this to a tee.
Oklahoma is nicknamed the “Sooner State”. I suggest you get into JCO sooner than later ?. Jesse Livermore considered the greatest stock trader of all-time wisely advised “Buy Right & Sit Tight”.
Symbol JCO- Can
JROOF- OTC
Share Price 52 cents Can
Market Cap $ 67 Million
Shares Outstanding 128 M
52 week Low/High  .49-$1.38
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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