Not surprisingly, CNN and other media outlets reported this weekend that Joe Biden is leading Donald Trump in 8 out of 10 battleground states based on Presidential opinion polls entering Tuesday’s elections.
Even an accurate long-standing stock market indicator is leaning toward Biden. The S&P 500 has posted a slightly negative return over the last 3 months (August through October). A negative S&P 500 performance during that key time frame leading up to a Presidential election has flipped the White House 8 out of 9 times in the last 68 years, the only exception being Eishenhower in 1956.
But there has never been a President like Donald Trump. The enthusiasm behind his movement (and that’s what it is, a movement unlike any other in American history), is reflected by the massive crowds he’s attracting even during a pandemic that has killed over 200,000 Americans. Biden, on the other hand, when he finds the time and energy to crawl out of his basement wearing a mask, struggles to fill a phone booth.
Trump supporters have multiple reasons to be optimistic entering Tuesday. And so do investors as a decisive Trump victory should be well received by Wall Street.
Five key broad factors support the argument that the Trump Train will not be derailed Tuesday – not even the China virus can stop it:
- Americans have a great sense of fairness – they know when they’re looking at a “rigged deck”. Much of the mainstream media, not afraid to hide its hatred of Trump, has crossed the boundary of journalistic fairness, collaborating with the Democratic Party (even censoring information deemed unfavourable to Biden). The media mob have also collaborated with intelligence agencies and the tech monopolies that have choked off the average person’s access to legitimate information. The media have really become “the enemy of the American people” as Trump famously stated in 2016, even promoting rioting in cities, demonizing law enforcement, hyping COVID-19, rooting against American economic and stock market success, and cheering on the sick “cancel culture” movement;
- Poll methodology is incorrect – the “shy” Trump voters are simply not being properly accounted for, especially in key swing states. Even 4 years after the last election, polling companies (with only a handful of exceptions) still haven’t figured out that traditional polling methods do not work for an untraditional, disruptive candidate such as Trump;
- The incredible enthusiasm of the Trump movement is also reflected in bike and boat rallies, Amish horse and buggy parades, even a pro-Trump rally on the Golden Gate Bridge in uber liberal San Francisco. Where are similar events for Biden (unless you consider the protests and riots in Portland, Denver and other cities as Harris/Biden campaign events);
- Republicans have a better “ground game” than the Democrats (the Biden campaign has a big edge in media spending but so did the Clinton campaign in 2016). Republicans have knocked on far more doors in 2020 – Democrats have been afraid to;
- A majority of Americans reject socialism – and that’s the direction today’s Democratic Party has swung toward.
Just like in 2016, Democrats banking on polls from the Fake News media are in for a shock this Tuesday:
- The “Social Circle” question (which candidate do you expect other people in your social circle to vote for?) predicts another Trump electoral college victory (he may still lose the national popular vote but win the state battle). This comes from fascinating data (ignored by the mainstream media), based on a few different methodologies, from the USC Dornsife Daybreak Poll. “From our previous research on social judgements, we learned that people seem to know their immediate social circles quite well. Their answers about the distribution of income, health status – even the relationship satisfaction of their friends, family and acquaintances – were often in the right ballpark. And when we averaged the data from their responses across a large national sample, it provided a surprisingly accurate picture of the overall population. So, we’re hoping to learn whether it’s possible, from this question, to harvest this ‘wisdom of one’s own crowd’ to predict the election as well as, or even better than, the standard questions about one’s own voting intentions.” Have responses to this question successfully predicted any previous election outcomes? “Yes, in all 5 of the elections in which we tested this question, the social circle question predicted election outcomes better than traditional questions about voters’ own intentions. These 5 elections were the 2016 U.S. Presidential election, the 2017 French Presidential election, the 2017 Dutch Parliamentary election, the 2018 Swedish Parliamentary election, and the 2018 U.S. election for House of Representatives. In both the U.S. elections, the social circle question predicted national and state level results better than the ‘own intention’ question in the same polls. In fact, data from the social circle question in 2016 accurately predicted which candidate won each state, so it predicted Trump’s electoral college victory”;
- The Trafalgar Group, a Georgia-based polling firm known for its ability to correctly sample hard-to-reach, conservative Trump voters, shows President Trump with leads in the key battleground states of North Carolina, Florida and Michigan. During the 2016 Presidential race – widely predicted wrong by the mainstream polling establishment – the Trafalgar Group was the only pollster within the RealClearPolitics polling aggregator to show Trump defeating Hillary Clinton in Michigan. Their polls in 2016 also showed Trump winning Pennsylvania – again, they were nearly alone in projecting Trump’s narrow victory there – and thus taking the White House. Trafalgar’s chief polster Robert Cahaly’s prognosticating abilities should not be taken lightly. He has spoken publicly about what he calls “hidden” Trump voters who face what he calls a “social desirability bias” where conservative and independent Trump voters feel marginalized and fearful about expressing their support for the President due to social stigma in media and social media. Cahaly told RealClearPolitics this bias in 2020 is “worse than it was 4 years ago”;
- Rasmussen Reports is the only nationally recognized public opinion firm that still tracks President Trump’s job approval ratings on a daily basis. The latest results show 51% of likely U.S. voters approve of Trump’s job performance while 48% disapprove;
- American Voters Are More Satisfied in 2020 than they were in 2016. A recent Gallup poll showed that 56% of Americans say they are better off now than they were 4 years ago. That could well be the telling in this case given that just 4 years ago marked the end of the Biden/Obama era. Why would voters return to Biden if they are happier now than when he was in office as Obama’s VP?;
- The U.S. economy is roaring back after a lengthy COVID-19 shutdown, much faster than the “experts” predicted with rising GDP and falling unemployment. America is inching closer to the blockbuster economy of early 2020, thanks to low taxes, deregulation, and smarter trade and “climate change” policy;
- Biden The Tax Increaser: Candidates who promise tax increases, or have a history of supporting tax increases, tend to lose versus those pushing for tax cuts;
- Trump will once again win key swing states Florida and Pennsylvania. Biden’s confusing stance on fracking and his Trudeau-style talk in the last debate about how America needs to “transition away” from the Oil and gas industry will cost him Pennsylvania and other important states;
- Pennsylvania voter registration: In 2016, Pennsylvania and its 20 Electoral College votes were key to President Trump’s victory. He won Pennsylvania by a slim 44,292 votes out of nearly 6 million. That November, the Democrats had nearly a 900,000 voter registration advantage over the Republicans. That number is now down to a 700,000 registration advantage and has narrowed by 100,000 in the last year;
- Florida, too: In 2008, Democrats held nearly a 700,000 voter registration advantage and Barack Obama carried the state by 236,148 votes. By 2012 that advantage slipped to 558,272 registrations and Obama won there by 74,309 votes. In 2016, Democrats had a 327,483 registration advantage and Trump carried the state by 112,991 votes. Now the Democrats’ voter registration advantage is down nearly 200,000 to just a 134,242 lead, which Politico called an “historic low”. Obviously, the movement towards Republicans in Florida bodes very well for the President;
- Latinos for Trump: How ironic, considering the mainstream media views this President as a “racist” – Trump could well receive an historic level of support from Latino voters in 2020. In 2016, Clinton won among Latinos in Florida 62% to 35%. The majority of Latinos in Florida are now behind Trump, and Latinos elsewhere across the country are rallying behind the President;
- Latino voters make up large portions of the electorate in a number of crucial states, including 2 top battlegrounds – Florida and Arizona – as well as Texas, plus Nevada where Trump is seeking to broaden his own map. They are also a smaller, but important, part of the electorate in other critical areas, including Philadelphia, the biggest city in what could be the most important state on this year’s electoral map;
- African Americans For Trump: In September, according to polling done by Rasmussen, Trump’s approval rating among African Americans reached 45%. Keep in mind that the President only received 8% of the Black vote in 2016. If Trump received just 16% of the Black vote this time, let alone an even higher number, that would all but secure critical states like Michigan for the President. Trump has invested tremendous energy into the Black community and he’ll be rewarded handsomely for that effort on Tuesday despite the media’s false narrative around race issues;
- Trump is looking strong in Ohio: Since 1944, Ohioans have sided with the losing candidate only once – opting for Nixon over Kennedy in 1960;
- Biden has to stop President Trump in 4 out of 4 states: Pennsylvania, Michigan, Wisconsin and Minnesota. If Trump wins just 1 of those in 3 of the 4 he won last time, he will be re-elected President;
- No incumbent who has received at least 75% of the primary vote has lost re-election. Donald Trump received 94% of the primary vote, which is the 4th highest all-time – higher than Eisenhower, Nixon, Clinton, and Obama;
- Three times in history America has faced a pandemic, recession and civil unrest during an election year. The incumbent party is 3–0 in those elections;
- Biden is the classic “professional politician” which is why Americans rejected Clinton in 2016 and voted in Trump.
Good article but mysterious bags filled with Biden votes will appear for days after the election. Dems will pull out all the stops this time. This is enabled by some recent Supreme Court decisions such as extending the time to count mail votes for 9 days, and signatures not needing to match. Republicans should not concede the election, should be in the streets showing what a true mass movement really looks like, and hovering over every shoulder in every precinct 2000 Florida style.
Comment by schiffwasright — November 1, 2020 @ 3:29 pm
Go Joe!!:) Trump is a moron and a poor excuse for a human… reagrdless of what he can do he has single highhandedly ruined the moral fabric of this world. If he is representative of the US people then I feeel very sorry for them.
I dont like Trudeau either!!
Comment by CrazyC — November 1, 2020 @ 3:34 pm
CrazyC is truly crazy.
Comment by Carl — November 1, 2020 @ 7:07 pm
The election won’t be close enough for the Dems to steal it, schiffwasright…
Decisive electoral college victory for Trump Tuesday night…the mainstream media’s jaws will drop, will be fun to watch…
Comment by Jon - BMR — November 1, 2020 @ 8:04 pm
CrazyC You may not like Trump, but unfortunately he’s running against a criminal who is being protected by the media. Of the two, Trump is the brighter and the more honest. No evidence ever of Trump taking money to sell our country out. Can’t say the same for Biden.
Comment by Tad — November 1, 2020 @ 9:53 pm
well at least we got some conversation going:) seriously tho..
Comment by CrazyC — November 2, 2020 @ 4:21 am
Just read the IZO NR about investor relations .. man I am in the wrong biz:)
Comment by CrazyC — November 2, 2020 @ 6:10 am
Strong quarter for Copper Mountain (CMMC, TSX)…
COPPER MOUNTAIN MINING ANNOUNCES STRONG Q3 2020 FINANCIAL RESULTS, REDUCES ALL-IN COST GUIDANCE
Copper Mountain Mining Corp. has released strong third quarter 2020 financial and operating results. All results are reported on a 100% basis. The Company’s Financial Statements and Management Discussion & Analysis (“MD&A”) are available at http://www.CuMtn.com and http://www.sedar.com.
Q3 2020 HIGHLIGHTS
– Production for Q3 2020 was 23.8 million pounds of copper equivalent (comprised of 18.9 million pounds of copper, 6,630 ounces of gold, and 81,418 ounces of silver).
– C1 cash cost for Q3 2020 was US$1.27/lb copper produced, all in sustaining cost (AISC) was US$1.43/lb copper and all-in cost (AIC) was US$1.68/lb copper.
– Revenue for Q3 2020 was $95.0 million, from the sale of 17.8 million pounds of copper, 6,232 ounces of gold and 67,901 ounces of silver, net of pricing adjustments.
– Gross profit for Q3 2020 was $42.0 million and net income was $33.2 million.
– Earnings per share was $0.13 per share, or $0.08 on an adjusted basis.
– Cash flow from operations (before working capital changes) for Q3 2020 was $47.0 million as compared to negative $2.1 million for Q3 2019.
– Cash and cash equivalents at the end of Q3 2020 was $53.6 million, an increase of $24.6 million during the quarter when compared to the end of the second quarter.
– AIC guidance for 2020 was reduced to a range of US$1.85 to US$2.00 per pound of copper from a range of US$2.20 to US$2.35 per pound, while production guidance was maintained at 70 to 75 million pounds of copper with the expectation to achieve the higher end of the production range.
“We posted another strong quarter and continued to exceed our revised operating plan with solid operating and financial results,” commented Gil Clausen, Copper Mountain’s President and CEO. “We expect production to continue to increase in the fourth quarter with higher grades and recoveries, at low cost. As a result, we are reducing our 2020 all-in cost guidance to a range of US$1.85 to US$2.00 per pound of copper. We are also maintaining our 2020 production guidance but expect to end the year at the top end of the range.”
“Our plan is to continue to build upon our healthy cash position in anticipation of restarting construction of the third ball mill in early 2021, which is the last stage to complete our 45,000 tonnes per day mill expansion project. We have commenced activities to prepare for construction and forecast commissioning by the end of Q3 2021. The installation of the third ball mill is expected to increase production by 15 to 18% as a result of higher throughput and improved metal recoveries while maintaining the mill head grade. This is the first step of our multi-tier growth plan. This growth pipeline includes a further mill expansion to 65,000 tonnes per day at the Copper Mountain Mine. We expect to publish a technical report in Q4 on this expansion plan. In addition, the Eva Copper Project is being advanced and we are currently developing project financing options and evaluating potential project partners. Our seasoned team continues to steadily de-risk and advance our organic growth plans.”
During the third quarter of 2020, the Company continued to operate under the revised operating plan announced in March of 2020. In Q3 2020, the Copper Mountain Mine produced 18.9 million pounds of copper, 6,630 ounces of gold, and 81,418 ounces of silver, as compared to 16.3 million pounds of copper, 6,498 ounces of gold, and 57,225 ounces of silver for Q3 2019.
The mine processed a total of 3.7 million tonnes of ore during the quarter as compared to 3.6 million tonnes in Q3 2019. Average feed grade increased to 0.29% Cu and copper recovery improved to 80.4% in Q3 2020, as compared to average feed grade of 0.26% Cu and copper recovery of 78.2% in Q3 2019, which are the primary reasons for higher production in Q3 2020. Copper grade is expected to continue to improve in Q4 2020, as the Company has completed mining in the Pit#1 area and has restarted mining in the higher grade Pit #3 area. Mining costs are expected to remain at lower levels as the waste haul remains short as Pit#1 is being backfilled with waste rock from Pit#3. Mill availability averaged 90.8% for Q3 2020 as compared to 91.9% in Q3 2019. The slight decrease in mill availability was a result of scheduled preventative maintenance shutdowns in Q3 2020. With expected higher grades and higher recoveries driving increased production in the fourth quarter of 2020, Copper Mountain expects to achieve the higher end of its guidance range for the year.
C1 cash cost per pound of copper produced for Q3 2020 decreased 40% to US$1.27, as compared to US$2.12 in Q3 2019. The decrease in cost per pound in Q3 2020 was the result of higher production, reduced mining costs and higher by-product credits for the gold and silver produced in Q3 2020 as compared to Q3 2019.
All-in sustaining cost per pound of copper produced (AISC) in Q3 2020 decreased 37% to US$1.43, as compared to US$2.28 in Q3 2019. The low AISC carries forward from the low C1 cost per pound with addition of $3.9 million in sustaining capital, lease and applicable administration expenditures in Q3 2020 as compared to $3.4 million in Q3 2019.
Total all-in cost per pound of copper produced (AIC), net of credits, for Q3 2020 decreased 37% to US$1.68, as compared to US$2.67 in Q3 2019. The low AIC carries forward from the low AISC with the addition of $6.4 million in deferred stripping and $nil of low-grade stockpile mining costs incurred in Q3 2020 as compared to $8.3 million of deferred stripping and $0.3 million of low-grade stockpile costs in Q3 2019.
The significant decrease in C1, AISC, and AIC recognized in Q3 2020 as compared to past quarters was a result of the Company’s strong copper production, cost savings initiatives and operating efficiencies at the Copper Mountain mine, supplemented by an increase in precious metals prices and production for Q3 2020.
In Q3 2020, revenue was $95 million, net of pricing adjustments and treatment charges, compared to $62.7 million in Q3 2019. Q3 2020 revenue is based on the sale of 17.8 million pounds of copper, 6,232 ounces of gold, and 67,901 ounces of silver. This compares to 17.0 million pounds of copper, 6,400 ounces of gold and 57,426 ounces of silver sold in Q3 2019. Revenue increased significantly as a result of increased sales and higher metal prices, including a positive mark to market and final adjustment on concentrate sales of $11.3 million. This compares to a negative mark to market and final adjustment of $2.4 million for Q3 2019, a differential of approximately $13.7 million. Q3 2020 revenue before the mark to market adjustment was $83.7 million as compared to $63.6 million for Q3 2019.
Cost of sales in Q3 2020 was $53.0 million as compared to $64.1 million for Q3 2019. A substantial part of the decrease in cost of sales is a result of the Company’s cost savings initiatives resulting from the revised operating plan which included utilizing less equipment. Q3 2020 cost of sales did not include any mining costs being allocated to the low-grade stockpile and the Company allocated $6.4 million to deferred stripping. This is compared to Q3 2019 cost of sales which was net of $8.3 million of deferred stripping and low-grade stockpile costs.
The Company reported net income of $33.2 million for the three-month period ended September 30, 2020 as compared to a net loss of $10.6 million for the same period of 2019. The variance in the higher net income for 2020, as compared to 2019, was a result of several items including:
Revenue in Q3 2020 included a positive mark to market and final adjustment from provisional pricing on concentrate sales, as mentioned above; Revenue in Q3 2020 was higher as a result of higher metal prices experienced in the quarter as compared to Q3 2019. The inclusion of a non-cash unrealized foreign exchange gain of $6.9 million in Q3 2020 as compared to a non-cash unrealized foreign exchange loss of $4.0 million in Q3 2019, a differential of approximately $10.9 million, which was primarily related to the Company’s debt that is denominated in US dollars.
On adjusted basis, the Company recorded a net income of $15.1 million in Q3 2020, compared to a net loss of $5.6 million in Q3 2019.
PROJECT DEVELOPMENT UPDATE
Copper Mountain Mill Expansion
In July 2020, the Company completed the first stage of the Ball Mill Expansion project which included installation of the Direct Flotation Reactors (DFRs). The Ball Mill Expansion is designed to increase throughput to 45,000 tonnes per day from 40,000 tonnes per day and improve copper recovery as a result of being able to achieve a finer grind of ore. The DFRs have increased the efficiency and the capacity of the current cleaner circuit, and as planned increased copper concentrate grade from about 24 to 28%, resulting in lower concentrate transportation, smelting and refining costs during Q3 2020. The installation of the DFRs was completed on schedule and on budget.
As noted in Q1 2020, as a result of COVID-19, the Company deferred all major capital spend and therefore halted work on the second stage of the Ball Mill Expansion project, which deferred the actual installation of a third ball mill that the Company had already purchased and had delivered to site. Work was reduced to completing commitments on long lead items, which would allow the project to restart in an efficient and expeditious manner. The Company has re-commenced activities for the installation of the third ball mill for a construction start in early 2021. Copper Mountain is planning for commissioning of the Ball Mill Expansion project by the end of Q3 2021.
2020 OUTLOOK
The Company is reducing its 2020 AIC guidance to a range of US$1.85 to US$2.00 per pound of copper from a range of US$2.20 to US$2.35 per pound of copper. The Company reaffirms its 2020 production guidance of 70 to 75 million pounds of copper and expects to be at the higher end of the range. Copper production is expected to be stronger in the fourth quarter of 2020 as a result of higher grades and improved recoveries.
Q3 2020 FINANCIAL AND OPERATING RESULTS CONFERENCE CALL AND WEBCAST
Copper Mountain will host a conference call on Monday, November 2, 2020 at 7:30 am (Pacific Time) for senior management to discuss the third quarter 2020 results.
Dial-in information:
Toronto and international: 647-427-7450
North America (toll-free): 1-888-231-8191
To participate in the webcast live via computer go to:
https://produceredition.webcasts.com/starthere.jsp?ei=1379598&tp_key=9549f68559
Replay Call Information
Toronto and international: 416-849-0833, Passcode: 3359433
North America (toll-free): 1-855-859-2056, Passcode: 3359433
The conference call replay will be available until 8:59 pm (Pacific Time) on November 9, 2020. An archive of the audio webcast will also be available on the company’s website at http://www.cumtn.com.
About Copper Mountain Mining Corporation
Copper Mountain’s flagship asset is the 75% owned Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine currently produces approximately 90 million pounds of copper equivalent, with average annual production expected to increase to approximately 120 million pounds of copper equivalent. Copper Mountain also has the development-stage Eva Copper Project in Queensland, Australia and an extensive 2,443 km2 highly prospective land package in the Mount Isa area. Copper Mountain trades on the Toronto Stock Exchange under the symbol “CMMC” and Australian Stock Exchange under the symbol “C6C”.
Condensed Consolidated Interim Statements of Income (Loss) and Comprehensive Income (Loss)
For the Three and Nine Months Ended September 30
(Unaudited in thousands of Canadian dollars, except for number of and earnings per share)
Three months ended Sept. 30,Nine months ended Sept. 30,
2020 $ 2019 $ 2020 $ 2019 $
Revenue 94,992 62,703 235,645 214,717
Cost of sales (52,973) (64,131) (178,316) (191,233)
Gross profit (loss) 42,019 (1,428) 57,329 23,484
Other income and expenses
General and administration (1,836) (3,517) (5,196) (8,908)
Share based compensation (863) (497) (2,066) (1,684)
Operating income (loss) 39,320 (5,442) 50,067 12,892
Finance and other income 517 135 622 389
Finance expense (3,741) (3,454) (11,173) (11,695)
Unrealized loss on interest rate swap (2) (15) (1,020) (505)
Foreign exchange (loss) gain 6,938 (4,041) (5,457) 8,733
Loss on sale of fixed asset (102) – (102) –
Income (loss) before tax 42,930 (12,817) 32,937 9,814
Current tax recovery (expense) 385 (190) (128) (1,166)
Deferred income tax (expense) recovery (10,066) 2,412 (11,085) 1,113
Net income (loss) 33,249 (10,595) 21,724 9,761
Other comprehensive income (loss)
Foreign currency translation adjustment 897 (1,432) 1,982 (4,139)
Total comprehensive income (loss) 34,146 (12,027) 23,706 5,622
Net income (loss) attributable to:
Shareholders of the Company 24,420 (8,755) 15,459 4,848
Non-controlling interest 8,829 (1,840) 6,265 4,913
33,249 (10,595) 21,724 9,761
Earnings (loss) per share:
Basic 0.13 (0.05) 0.08 0.03
Diluted 0.13 (0.05) 0.08 0.03
Comment by Jon - BMR — November 2, 2020 @ 6:20 am
I can understand why some people want to vote for Trump but to suggest that Trump is more honest blows my mind.
Comment by Danny — November 2, 2020 @ 10:40 am
One major difference between the two, Danny, is that Trump actually does what he says he’s going to do, while Trudeau talks like a typical politician and says only what he thinks people want to hear at any given time…one is a businessman, bringing a different approach to governing, and the other has had no business experience whatsoever in his life…a Trump victory tomorrow is critical for Canada’s Oil and gas sector, and would provide additional pushback against the Trudeau agenda…
Comment by Jon - BMR — November 2, 2020 @ 2:07 pm
Jon, I am not a fan of Trudeau either, I think that has been pretty apparent is any political post I have made. Not sure why Trudeau came up in your reply. I was responding to a post that said Trump was more honest than Biden. My point was that Trump can hardly be considered “honest”. I can provide many many examples of that.
What about his promise to replace Obamacare with something that is “cheaper and better”. That was one of his biggest promises just to get votes. I think the American people are still waiting for that one.
Comment by Danny — November 2, 2020 @ 2:35 pm
The Biden family has accepted millions of dollars from foreigners looking to buy influence. I’ll take Trump’s silly ego-related lies (like the size of his crowd) any day over Biden’s abject corruption.
Comment by Tad — November 2, 2020 @ 7:51 pm
Interesting appointment by SONA…Mark Lievonen, Co-Chair of the Government of Canada’s COVID-19 Vaccine Task Force…has considerable influence within governmental and regulatory circles…
Sona Nanotech Appoints New Director
2020-11-03 08:19 ET – News Release
Halifax, Nova Scotia–(Newsfile Corp. – November 3, 2020) – Sona Nanotech Inc. (CSE: SONA) (the “Company”) is pleased to announce the appointment of Mr. J. Mark Lievonen, C.M., to the Company’s Board of Directors. Mr. Lievonen is the former President of Sanofi Pasteur Limited, the Canadian vaccine division of Sanofi. Under his leadership, Sanofi Pasteur became a billion dollar enterprise in Canada, manufacturing over 50 million doses of vaccines for both domestic and international markets. Mr. Lievonen spearheaded a cancer vaccine program and supported the launch of a five-component pertussis vaccine, which is widely used to this day. He has also served on a number of public and not-for-profit boards and industry organizations including as Chair of BIOTECanada and Rx&D (now Innovative Medicines Canada).
Currently, Mr. Lievonen is the Co-Chair of the Government of Canada’s COVID-19 Vaccine Task Force, a Director of OncoQuest Pharmaceuticals Inc., Biome Grow Inc., and the Gairdner Foundation. He holds a BBA in accounting and a MBA in finance and marketing from the Schulich School of Business, York University, and is a FCPA.
Mr. Lievonen is replacing Mr. Zephaniah Mbugua, who has served on the Company’s Board since August 2018. “On behalf of the Company and Board of Directors, I would like to thank Mr. Mbugua for his unwavering support of Sona throughout his many years of service, and also welcome Mark to the team,” said Dan Whittaker, Sona Board Chair.
The Company has granted 250,000 incentive stock options under the Company’s Stock Option Plan (“Option Plan”) to Mr. Lievonen. Each option is exercisable into one common share at a price of $3.36 per share and will vest at the rate of 25% every six months. The options will expire five years from the date of grant. All other terms and conditions of the options are in accordance with the terms of the Company’s Stock Option Plan.
Comment by Jon - BMR — November 3, 2020 @ 5:53 am
Jon, don’t recall if you are following this one, aggressive drill program, your thoughts on qmx.v..
Comment by Laddy — November 3, 2020 @ 9:16 am
Regarding sona
the appointment of Mark Lievonen, also co chair of Canadas Covid 19 Task Force sounds like a big positive. Would I be correct in making that assupmption?? Also being head of another pharmacuetical company sounds like a conflict of interest to me. I believe this the reason sona never made it in the first place. I consider all arms of govt to be completely incompetent if not outright corrupt.
I know from family that of nov 1 they have a rapid test they are using at Calgary airport for incoming passengers. I understand sona has lots of other applications, but as far as covid has that ship sailed?
Guess I would like a little direction….I still have a good portion of mine …would it be a good idea to sell a portion and maybe put into izo?
By most of comments on here I can tell most people are fairly skilled investors. I am basically idiot with a penchant for gambling lol…so would appreciate suggestions from absolutely anyone.
w
Comment by outbackjack — November 3, 2020 @ 11:23 am
Nightmare what-if scenario for my resource-heavy portfolio: Biden wins Presidency, Republicans hold the Senate, deadlock ensues, “small” or “skinny” stimulus is the only stimulus that can pass the Senate despite increasing economic contraction due to Covid and lockdowns. This slows down the devaluation of the USD until the Senate flips blue in 2022. This temporarily flattens the curve on BMR’s chart of Gold and US Budget Deficit, effectively delaying us goldbugs’ investing thesis by two years. My hedges against this nightmare are SONA, IZO, KNR, VXL. Outbackjack I’m long SONA there are many promising signs. Dear politicians, please bring on the destruction of the USD ASAP.
Comment by schiffwasright — November 3, 2020 @ 3:47 pm
Thanks for feedback shciffwasright…and it aint over til the fat lady sings…
Comment by outback jack — November 3, 2020 @ 7:07 pm
Looking very good for Trump at the moment (7 pm Pacific)…
Comment by Jon - BMR — November 3, 2020 @ 7:12 pm
Yes, looking real for Trump and the Republicans. Good for the markets as well!
Comment by Dan1 — November 3, 2020 @ 7:30 pm
Could be days (or even weeks, Supreme Court?) b4 we get a winner, but certainly Trump is in good position for narrow re-election victory – he could even lose Michigan and Wisconsin but still take the required 270 electoral votes by potentially carrying Pennsylvania, Georgia, North Carolina and Nevada…different possible paths to victory, same for Biden, but certainly no blue wave In elections as pollsters and media had predicted…
Dow futures and Gold up slightly 90 minutes prior to open after being down overnight…
Comment by Jon - BMR — November 4, 2020 @ 4:59 am
Looks like Biden will eke out a victory but America just as divided as 4 years ago, so nobody is a real winner out of this. Should be positive for the general markets but Gold will drop a bit as it was looking for a clear cut result either way to improve chances of a larger stimulus package going through. Because no big blue wave, no big positive move for Gold short term.
Comment by Al — November 4, 2020 @ 7:08 am
140,000 votes appeared at 4am in Wisconsin over 95% for Biden. PA announcing they’ll accept mail-in ballots without any postmark up until Friday (and the signatures don’t have to match). Hilarious how USA lectures other nations about “democracy” and “election integrity.” Expect Biden to announce victory soon and the media to go on full offensive demanding Trump concede. The ends always justify the means for progressives.
Comment by schiffwasright — November 4, 2020 @ 8:28 am
Zerohedge reports that Mitch McConnell said this morning there is a need for more stimulus before the end of the year. We’re good for deficit spending my friends.
Comment by schiffwasright — November 4, 2020 @ 9:15 am
https://www.forbes.com/sites/sarahhansen/2020/11/04/mcconnell-changes-his-tune-on-stimulus-we-need-to-do-it-before-the-end-of-the-year/?sh=6b1913c56e41
Comment by schiffwasright — November 4, 2020 @ 9:44 am
Great addition just announced by Sassy, and the timing is interesting – Terence Coughlan’s last 3 deals all became mines…highly respected within the industry…he wouldn’t say what he did about Westmore if there wasn’t a high level of confidence…
SASSY RESOURCES APPOINTS TERENCE F. COUGHLAN, P.GEO, AS TECHNICAL ADVISOR
Sassy Resources Corp. has appointed Terence F. Coughlan, PGeo, as technical adviser to the company. Mr. Coughlan, the founding CEO of producer GoGold Resources, brings a 36-year track record of success in mineral exploration, operations and corporate development to Sassy.
Mr. Mark Scott, President and CEO of Sassy, commented: “We are very pleased to welcome Terry to the Sassy team. Notably, each of the last three public companies with which he’s been involved have developed a producing mine. His extensive exploration, project development and corporate development experience are a great fit with the fast-developing Westmore discovery within Sassy’s larger Foremore Gold-Silver Project in Northwest B.C., along with our other corporate growth objectives.”
Mr. Coughlan stated: “Sassy has made impressive progress since listing less than three months ago. I’m excited by the high-grade gold-silver potential of the Westmore discovery and its robust stockwork vein system observed in core from first-ever drilling. Combined with Mark and the Sassy team, the Foremore Project, and the Company’s plans for growth and year-round exploration, I’m elated to be part of this winning team with so much going for it.”
Mr. Coughlan holds a Bachelor of Science degree in Geology from Saint Mary’s University and has been actively involved in the mineral resource industry since 1984. He’s the former Chairman, President and CEO of GoGold Resources, a Canadian-based gold and silver producer with properties in Mexico. Previously, he was Vice President and Director of Gammon Gold Inc., and Vice President and Director of Acadian Mining Corporation. Mr. Coughlan is a qualified person as defined by National Instrument 43-101.
About Sassy Resources Corp.
Sassy Resources is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal and base metal projects in North America. Its current focus is on the Foremore Gold-Silver Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.’s prolific Golden Triangle.
Comment by Jon - BMR — November 4, 2020 @ 10:22 am