Excerpts:

To Grow and Protect Your Portfolio… Save the Goose

By Alexander Green, Chief Investment Strategist, The Oxford Club The greatest threat to this long-running bull market is not a tightening Fed, higher valuations or moderating corporate profits… It’s the growing clamor for regulatory and redistributive policies that will reduce innovation, lessen productivity and undermine the economy. Investors are famous for being worrywarts. Day after […]
Read on »

Toronto, Ontario and Vancouver, British Columbia–(Newsfile Corp. – March 4, 2019) – Minera Alamos Inc. (TSXV: MAI) (OTC Pink: MAIFF) (the “Company” or “Minera Alamos“) is pleased to announce, further to its press release dated February 26, 2019, that it has closed the non-brokered private placement offering of 49,347,500 common shares of the Company (the “Common Shares“) at a price of $0.10 per Common Share (the “Offering Price“) for aggregate gross proceeds of $4,934,750 (the “Offering“).

The Offering included participation of existing institutional investors. As a result, the Donald Smith Value Fund increased its ownership in the Company to ~9.8% and the Aegis Value Fund increased its ownership to ~4.9%.

“Minera appreciates the ongoing support of both Donald Smith and Aegis as well as the other participants in the Offering as we begin a transformational year leading toward construction decisions at our Santana and Fortuna gold projects” stated Doug Ramshaw, President of Minera Alamos.

Minera Alamos intends to use the net proceeds of the Offering for exploration and development of the Company’s Santana Project in Sonora, Mexico, and for working capital and general corporate purposes.

In connection with the Offering, the Company paid cash finder’s fees of $276,600 and issued 2,862,000 finder’s warrants (the “Finder’s Warrants”). 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.

All securities 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 Offering is subject to TSX Venture Exchange acceptance of requisite regulatory filings.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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.

CONTACT INFORMATION:

Minera Alamos Inc
Doug Ramshaw, President
604-600-4423
dramshaw@mineraalamos.com

www.mineraalamos.com

Caution Regarding Forward-Looking Statements 

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.

VANCOUVER , March 4, 2019 /CNW/ – Rover Metals Corp. (ROVR.V) (ROVMF) (“Rover Metals” or the “Company“) is pleased to announce its intention to complete a non-brokered private placement of units (the “Units“) at a purchase price of $0.08 per Unit, for aggregate gross proceeds of up to CAD$1,250,000 (the “Offering“). Each Unit shall consist of one common share in the capital of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“).  Each Warrant shall entitle the holder to acquire an additional Common Share at a price of $0.15 per share for a period of 24 months following the date of issuance.

Rover Metals anticipates using 80% of the proceeds of the Offering to finance exploration activities at the Cabin Lake Gold Project and remaining use of proceeds for general and administrative expenses.

The Company may pay finder’s fees in accordance with the policies of the TSX Venture Exchange in connection with the Offering.

Rover Metals anticipates relying, in part, on the exemption from the prospectus requirements provided in BC Instrument 45-534 – Exemption From Prospectus Requirement For Certain Trades to Existing Security Holders (the “Existing Shareholder Exemption“).  The Company may also rely on other available prospectus exemptions.

Rover Metals has set March 1, 2019 as the record date for determining shareholders entitled to participate in the Offering in reliance on the Existing Shareholder Exemption. If the Offering is over-subscribed, Units will be allotted on a first come first served basis. Qualifying investors who wish to participate in the Offering should contact the Company using the contact information set forth below. It is anticipated that the Offering will close in one or more tranches commencing on or about March 15, 2019 .

All securities issued under the Offering will be subject to a hold period of four months and a day from the distribution date, in accordance with applicable securities laws.  Completion of the Offering is subject to the receipt of all applicable approvals, including the approval of the TSX Venture Exchange.

About Rover Metals
Rover Metals is a natural resource exploration company specialized in gold that is currently focused on the Northwest Territories of Canada , one of the most mining friendly jurisdictions in North America . The Cabin Lake Group of High Grade Gold Projects are located within 20km of Fortune Minerals’ (FT.TO) planned NICO Project gold processor.

You can follow Rover Metals on its social media channels Twitter: https://twitter.com/rovermetals, LinkedIn: https://www.linkedin.com/company/rover-metals/, Facebook: https://www.facebook.com/RoverMetals/, and CEO.ca: https://ceo.ca/rovr for daily company updates and industry news.

ON BEHALF OF THE BOARD OF DIRECTORS OF ROVER METALS
“Judson Culter”
Chief Executive Officer and Director

Statement Regarding Forward-Looking Information

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.  Forward-looking statements in this document include statements regarding Rover’s expectations regarding the issuance of Units and receipt of regulatory approval therefor and the use of proceeds from the Offering. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

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:

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.

More

More

More

SOURCE Anaconda Mining Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/28/c4384.html

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.)
 
Best regards,
The Hedgeless Horseman
Follow me on twitter: https://twitter.com/Comm_Invest
Follow me on CEO.ca: https://ceo.ca/@hhorseman