BullMarketRun.ca

February 16, 2011

32 Comments

1. 

   Jon.. can John provide a chart update for GBB – wondering about technical damage done with the herd mentality attack:) thx in advance

   Comment by Jeremy — February 16, 2011 @ 7:48 am

2. 

   Jon, Goodmorning, did u have a chance to read the comments of the 15th. under ur update on SD. So what’s up with this Co and this nonsense? To Busy? Ya maybe all shr holders should be too busy to buy and support this Co. Have any clue whats up with these people, daft?

   Comment by nikolay — February 16, 2011 @ 8:05 am

3. 

   Frank Basa interview here

   http://commoditywatch.podbean.com/2011/02/16/frank-basa-interprets-the-drill-results/

   Comment by Paul — February 16, 2011 @ 8:12 am

4. 

   GBB

   The herd is running away from the slaughter house!

   Shows over folks.

   Comment by Black Bear — February 16, 2011 @ 8:45 am

5. 

   Regarding GBB. I’ve talked to Roger and he didn’t dodge any question, so that’s a good thing.

   Regarding the insider transaction, he said that he held the shares in his “trust” for a 3rd party. And it was transferred from his “trust” to the 3rd party. So nothing seems wrong here. Bad timing to do that though.

   He said that they will be at PDAC except that they could not get a booth.

   Overall, I think the company is fundamentally sound. They neeed to do better PR job.

   Comment by Bruce — February 16, 2011 @ 9:29 am

6. 

   Thanks for that interview Paul. I first came across GBB through Dominic last March and was very impressed both then and now with Frank’s integrity and honesty. Straight up he admits the release was too technical but the overall situation remains the same…still looking at a 5 plus ml oz deposit in the best mining area in the world. Nobody likes these sell offs but they are a part of life with gold explorers. GBB will recover slowly as people realize that the big picture is actually getting better and that these large open pit mines operate very well with low grade and the recovery rate with the 30000 ton test mining came in above the specified grade.

   Comment by Patrick — February 16, 2011 @ 9:36 am

7. 

   GBB is all about volume. Everything above 0.5g/t is good enough if the depth is there. I’ve extracted the holes from the last NR and as you can see the depth is very impressing. I can certenly understand Frank when he says this is the best results to date:

   GR-10-104 228.00m 0.509g/t
   GR-10-153 135.10m 0.624g/t
   GR-10-112 118.50m 0.456g/t
   GR-10-141 276.00m 0.515g/t
   GR-10-142 40.80m 0.506g/t
   GR-10-60 52.04m 0.567g/t
   GR-10-113 229.95m 0.926g/t (including 161.42m 1.295g/t)
   GR-10-79 223.50m 0.668g/t
   GR-10-117 198.00m 0.743g/t
   GR-10-169 108.00m 0.635g/t
   GR-10-70 83.60m 0.514g/t
   GR-10-95 101.90m 0.515g/t
   GR-10-99 83.50m 0.979g/t
   GR-10-114 177.00m 0.512g/t
   GR-10-116 151.40m 0.578g/t
   GR-10-126 88.00m 0.676g/t
   GR-10-130 94.00m 1.030g/t
   GR-10-133 77.50m 0.723g/t

   Comment by Oriley — February 16, 2011 @ 9:56 am

8. 

   SD Volume spiked. Drill results out soon?

   Comment by Rex D — February 16, 2011 @ 9:58 am

9. 

   GBB’s NR, follow up:

   Nice to see the market still doesn’t understand this deposit…

   Not sure that I agree with managements decision to highlight the short but high grade intercepts instead of their regular 0.8-1.2 g/t intervals. I think the highlights created some panic selling before people actually looked at the results in depth.

   Here is a somewhat detailed breakdown of intercepts from todays release.

   0.5+ g/t over multi meter intercepts, in order by interval length

   276.00 0.515
   229.95 0.926
   228.00 0.509
   223.50 0.668
   198.00 0.743
   177.00 0.512
   151.40 0.578
   135.10 0.624
   108.00 0.635
   110.93 0.517
   101.90 0.515
   94.00 1.030
   88.00 0.676
   83.60 0.514
   83.50 0.979
   77.50 0.723
   56.90 0.557
   52.04 0.567
   45.86 0.816
   40.80 0.506
   35.60 0.923
   26.30 0.826
   23.26 0.666
   21.00 0.853
   19.45 0.706
   19.00 0.652
   18.00 0.615
   17.60 1.356

   Grades might be a little lower then some were hoping for(not sure why, average grade so far has only been around 0.8 g/t. Anything over 0.5 g/t is definitely economical, with our high recovery rate and near surface deposit I wouldn’t be surprised if our cutoff grade is around 0.25 g/t.

   Also in this release were multiple 5+ g/t intervals(in order of g/t)

   1.09 162.750
   1.00 54.977
   0.50 54.913
   1.00 54.900
   0.90 50.703
   1.00 45.800
   0.70 41.270
   1.50 39.900
   0.50 30.120
   1.50 27.075
   0.75 23.485
   1.40 22.667
   2.40 22.485
   2.50 20.471
   1.00 19.900
   1.00 18.900
   0.50 16.820
   1.00 15.650
   1.50 15.139
   1.80 15.070
   1.00 14.952
   1.50 12.300
   4.20 11.384
   0.50 9.450
   0.80 9.400
   1.20 9.010
   1.00 8.620
   1.50 8.540
   0.55 8.420
   0.50 8.320
   1.46 7.570
   1.00 7.160
   2.26 7.128
   0.90 6.520

   So what does this mean? Wide intercepts of minable structures with a pronounced nugget effect. The drills we are using are not accurate for grade, they intercept too small a volume to give an accurate reading especially in a low grade nugget effected deposit like ours. That is why management plans on using another drill to confirm grades and also why they took the large bulk sample. Also worth noting is that the good results are not all bunched together. Some are from around the waste pile, some at SE extension, some at NE extension, all throughout the block model.

   So now I wait, when the resource estimate comes out this summer I think a lot of people will be surprised by the results. I also will be waiting for the results of “Later in March, Gold Bullion intends to drill test the Aukeko Shaft andthe surrounding area. This target is situated on the eastern part ofthe property about 2 km east of the LONG Bars Zone. Historical dataindicates that considerable visible gold was noted in the Aukeko veinat the bottom of the Aukeko shaft. Previous geological mappingdetected numerous easterly striking syenite porphyry “dykes” and quartzveins similar to what is seen at the LONG Bars zone.” Still lots of good things to come imo. I honestly don’t get why so many jumped ship today.

   Comment by Forb — February 16, 2011 @ 10:13 am

10. 

    jon, as always your input is spot on. But do you feel that this ian Park talk has anything to do with VGN’s share price dropping? Is it still reasonable to assume that we can sleep easy at night holding VGN? Seems like their lack of ability to close out a deal on an advanced gold property somewhere in the Americas is having a negative effect on the share price. The price retraction from the .44 high is getting a little worrisome for me.

    Regards,
    john

    Comment by john — February 16, 2011 @ 10:59 am

11. 

    Seafield Conference Call now available: http://sffresources.com/news/2011/02/important-seafield-conference-call

    Comment by Andrew — February 16, 2011 @ 11:23 am

12. 

    GBB closed @ $0.53, horrible!!!!!!!!!!!

    Comment by Forb — February 16, 2011 @ 1:19 pm

13. 

    I never thought that this site would become a place where investors would come to cry?Horrible that GBB ended at $.53,are you kidding me,give the stock a chance,if your looking to double your money or triple your money get a life.

    Comment by John — February 16, 2011 @ 2:26 pm

14. 

    Jon any insight into Sidon International Resource Corp. and the big day for their stock today? Could this move be the result of pending news being released?

    Comment by Adam P E T E R S O N — February 16, 2011 @ 2:47 pm

15. 

    The latest news release is so complicated that even the folks at BMR at 6:30PM did not come out with there conclusion yet. Easy to understand why peoples are selling. We can now add GBB on there list of stocks that have sank over 30 % since the start of the year. I guess tomorow they will just come out with new choices of stocks to cover up the disasters of there previous picks. I am not been nice but how can I be otherwise. Sorry Jon.

    Comment by Andre — February 16, 2011 @ 3:36 pm

16. 

    Andre, Maybe you could do some research of your own rather than blindly follow BMR. If you didnt make money last year on BMR recommendations then your either unlucky or not smart. GBB had great news, ive been buying and will continue to because i believe its only going to get better. Its mindless clowns like you that make stockhouse a crap shoot.

    Comment by Jeff — February 16, 2011 @ 3:42 pm

17. 

    Andre,

    Get a grip, they are not holding a gun to your head telling you to buy anything, they are providing a great service with their FREE research, and they tell everyone here all of the time to do your own DD, these gold and silver exploration stocks are a HUGE risk, but the reward can be HUGE also, if playing these stocks is keeping you up at night, maybe you should look into a safer part of the investment market, but please do not get all over the BMR group, they have their own money in some of these stocks as well, and they have no control over what is going to happen day to day. I really hope this forum does not turn into a bunch of name calling, people’s emotions get the best of them when it comes to their money, fear and greed. We all need to take a deep breath and think before we write sometimes, it is so easy to write things on a message board that you would never say to someone in person. We all need to remember the Golden Rule, me included, treat others as you would like to be treated, not as you do not like to be treated. Again thanks BMR for all you guys do.

    Comment by GREG — February 16, 2011 @ 3:57 pm

18. 

    First off thank you to BMR for all their work. Some people clearly can’t appreciate it but would still rather visit and throw around negative comments. I feel a lot more comfortable with GBB after listening to Frank’s interview. The most important thing for me is that management has recognized that the release was not very friendly for the average investor, and will correct this for the future. This drop in price is an opportunity to load up if you have the cash and the risk tolerance. Maybe John could update us on the technicals, but to me the stock looks oversold at this point.

    Comment by George — February 16, 2011 @ 4:09 pm

19. 

    Poor Jeff… I hope you are learning.

    Comment by Andre — February 16, 2011 @ 4:10 pm

20. 

    Look ..when I decided 20 years ago to become a broker I also agree to take the heat from my clients when there portfolio would go south. They decided to make a website to promote there stocks so they must take the heat when there picks take a beating. By the way how do you think they make money with this website..have you notice there are no publicity on this website.. So how do you think they make money. It’s very time consumming this type of website .

    Comment by Andre — February 16, 2011 @ 4:19 pm

21. 

    Hi Adam, I don’t know….I suspect perhaps some results could be pending. I know that I asked Kamal for an interview recently, and he said he wanted to wait for a little bit. Reading between the lines, I think he has been waiting for more info, which may mean some initial results perhaps. John’s chart the other day nailed it right on with Sidon…….as soon as it hit 14 today on high volume, the move accelerated. No predictions but it should be interesting to see what happens tomorrow and Friday.

    Comment by Jon - BMR — February 16, 2011 @ 4:39 pm

22. 

    Hi Andre, we’re big boys and we have no problem taking the heat, especially since our overall track record has been so good. I disagree however with your analysis of why BMR exists. This has been a work in progress for well over a year now and the long-term plan is to build this into a subscription-based site and expand the focus. You can read a bit about that in our “Independent Analysis” regular posting. The owner of this site, Terry Dyer, is a paramedic in Vancouver and that’s how he makes his money. He’s taking pastoral studies at the moment. John is retired and has learned the craft of technical analysis exceptionally well over the last decade or so. I’ve been a newspaper reporter, radio broadcaster, marketing consultant and avid market follower of junior resource stocks for over 20 years. Being a broker or former broker, I’m sure you can understand, especially with the volatile junior resource market, that the best strategy is to hold a basket of stocks because not even the best stock picker in the world is going to be right 100% of the time. We put forward some very interesting situations and try to explain them and present them fairly for our readers to investigate and perform their own due diligence on. And of course, we focus a lot of attention on the CDNX and Gold, monitoring both very carefully for the benefit of our readers. We’ve made some great calls on the CDNX and Gold over the last year – in fact, I would challenge you, Andre, to find a site or resource ANYWHERE that has been more accurate in analyzing the CDNX and Gold than BMR has.

    Comment by Jon - BMR — February 16, 2011 @ 4:57 pm

23. 

    First of all I want to apologise for my English. What I am trying to do Jon Is to make sure that your readers know that it’s not easy to make money on the ventur and in fact only 10 % do. Not to take anything away from you guys but like in the years 1999-2000 it was easy to make money with the dot.com stocks .2005 to 2007 Uranium stocks were hot. Most of them started at 4 cents and finish over a dollars .Since the last 2 years same scenario with gold stocks . It’s when the market decide to take a drop for any type of reasons..Be ready guys and girls you can loose a lot of your money. Many lost big in 2001 with the dot.com and many lost a lot of money at the end of 2007 with Uranium stocks.We can’t forget the market correction of 2007 to 2009. Always remind your reader how it can be very dangerous to invest on the ventur. I read your comments everyday and on occasion I do agree with you . In fact today I bought 70 000 shares of CQX. One more thing. I took a course in miami the year 1992 on tecknical analysis with one of the top teacher at the time and the first thing he told us is… it doesn’t work with penny stocks. Have a good night.

    Comment by Andre — February 16, 2011 @ 6:10 pm

24. 

    Thanks, no problem, and no apologies necessary. Your English is just fine and we always appreciate your input. One quick thing though, as I have to head out the door here shortly….I used to think the same thing on TA, that it didn’t apply to penny stocks….but it applies to ALL stocks with VOLUME…..volume is the key……perhaps John can chime in and write more about this……

    Comment by Jon - BMR — February 16, 2011 @ 6:48 pm

25. 

    Jeremy, Andre et al
    I will present a GBB chart tomorrow after the close of trading.

    As for a little background, I started trading on the Vancouver Stock Exchange in 1957 nearly 54 years ago, yes at times through the years I have lost money, mainly because I took someone else’s word that a stock was a good bet. Over the years I have learned that everyone must do his/her own DD and that to keep your success rate high you must combine Fundamental Analysis with Technical Analysis. They have one thing in common “They do not work every time”.
    I started to study TA about 10 years ago and one very good source of TA information is “The Technical Analysis of Stock Trends” by Edwards and Magee. This is the bible of chart patterns. I have always stated that the chart pattern is the first place to look and the best indicator for information is “volume”. I am still learning . I use TA everyday, it is not something you do once or twice a month.

    We have seen in recent years with stocks such as Enron, Nortel, Bre-X etc. the “fundamentals” were mostly all hearsay and did not agree with the TA on the charts.
    I do not care whether a stock is a penny or a blue chip if it has reasonably high volume on a regular basis then TA principles apply.
    Nortel, for example, with management extolling it’s virtues rose to a high of $124.50 a share, and if an investor had applied the simplest part of TA…a trendline…. the investor would have sold out around $100 /share. So many just listened to the hearsay so they lost everything.

    Fundamentals must be backed by FACTS and that is what Jon gives you every day, I know he is very careful about anything that is put to print. No one should rely on just what is posted on BMR, everyone should verify what they read and hear by checking it out with the company and or with other reliable sources.

    Believe me it is time well spent or you will pay for your laziness. Yes you have to work hard if you want to be a successful investor.
    “If you work hard you will have good luck”. GLTA

    Comment by John - BMR — February 16, 2011 @ 8:56 pm

26. 

    John, its interesting, You all have been defending GBB all year at BMR, all of a sudden, not a word from u, when this stock has lost over %30 of its value in just two days,,,

    Comment by Forb — February 16, 2011 @ 9:38 pm

27. 

    Not a word? This is not correct. Read below (from today’s Morning Musings). I was in Vancouver all day Tuesday and never even had a chance to read the GBB release in full until Tuesday night. I am still trying to analyze everything. You have to understand, GBB threw a lot of holes at the market and they weren’t accompanied with a lot of geological context. On the technical side, John is working on a chart. So we’ll have plenty more to say over the coming days. There are still lots of positives and Granada remains a great project.

    “Research in Vancouver yesterday, including attending the Cadillac Mining (CQX, TSX) AGM, prevented us from commenting during the day on breaking news regarding Gold Bullion Development (GBB, TSX-V), Seafield Resources (SFF, TSX-V), and Abcourt Mining (ABI, TSX-V), and for that we apologize…Gold Bullion came out with a major batch of new assays from Granada, some of which were very good, though the stock took a hit on a “sell on news” mentality and dropped 16 cents to 59 cents…we’re seeing some follow-through weakness this morning with GBB down a further 4 pennies at the moment at 55 cents…there is strong technical support in the low-to-mid-50′s…we’re still assessing the news release but our faith in the Granada Gold Property remains as firm as ever…the Eastern Extension and the Preliminary Block Model appear to be connecting geologically and that is very significant…the discovery of high grade Gold (162.75 g/t Au over 1.09 metres) at depth in the Eastern Extension (hole #113) is extremely interesting and was likely a contributing factor to Adventure Gold’s (AGE, TSX-V) breakout yesterday to a new all-time high of 67 cents (AGE is up another 11 cents this morning to 78 cents as John correctly called a breakout on this play)…the fact the drills will be turning soon (March) in LONG Bars Zone 2 (Aukeko) is going to generate a lot of excitement as this is an area that holds great promise…if Gold Bullion is able to link LONG Bars Zone 1 with #2 over a kilometre away, look out…with over 100 drill results over the past year, it’s quite evident to us that a mine is in the making at Granada but much more work is ahead…Frank Basa and his team have a strong determination to succeed.”

    Comment by Jon - BMR — February 16, 2011 @ 10:20 pm

28. 

    As I have stated above Forb, I will present a chart tomorrow.
    I was surprised just the same as you were, I wanted to see where this would end up in 3 trading days. What is wrong with that?

    Comment by John - BMR — February 16, 2011 @ 10:21 pm

29. 

    Just a quick note to Jon and John to let you both know that most BMR followers really appreciate the great work you guys do. Personally I normally take profits when a company has had a good run selling some or all of my shares. I did this with SD, CUI, SFF and in the case of RVC I sold all my stake recently. I had a chance to sell some GBB recently when it was over 90c. This would have given me 200% profits and a chance to hold on to some free shares for the long run. I changed my strategy and held on. This is entirely MY fault and no one else’s and I take full responsibility for all my investment decisions. I have no doubt that GBB will be a huge success in the long run and I have learned my lesson to stick to my strategy no matter how good I think the company is. This all comes down to personal responsibility and patience and I feel some of the commentators need to learn these traits.

    Comment by Patrick — February 17, 2011 @ 3:28 am

30. 

    Richmont Mines Announces Resources of Over 1 Million Ounces of Gold at Its Wasamac Property. CQX YEAHYEAHYEAH nananana

    Comment by Peyman — February 17, 2011 @ 6:47 am

31. 

    Patrick

    I will echo your words as I did the same.BMR keep up the good work.

    Comment by Charles — February 17, 2011 @ 7:21 am

32. 

    Very nice new numbers for Richmont at Wasamac and I believe this is going to gain some traction with the market in the weeks ahead. What Richmont is doing at Wasamac has clearly grabbed and focused the attention of the Cadillac group – I know because I was at the AGM Tuesday. Cadillac has put together a superb land package in Utah (Goldstrike), which they’re going to get to in terms of exploration this year in a serious way, but for the moment I believe you’re going to see them get aggressive with their ground at Wasa, and why not. The structure plunges northward onto their ground, and Andre Audet also did an excellent presentation Tuesday of the VMS potential of their Wasa claims. With a market cap of $7.5 million, this has some serious potential especially after Richmont’s news this morning.

    Comment by Jon - BMR — February 17, 2011 @ 8:59 am

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