Gold has reversed modestly higher after dipping as low as $1,145 overnight…as of 9:30 am Pacific, bullion is up $6 an ounce at $1,161…Silver has added a dime to $15.14…Copper has recovered 7 cents to $2.50 (see updated chart below)…Crude Oil is up off $1.11 a barrel to $51.22 while the U.S. Dollar Index has slid more than one-third of a point to 96.29…
Goldman Sachs says it continues to expect more U.S. dollar strength, weaker Gold prices and a gradual increase in U.S. real rates – based on their questionable assumption that U.S. economic growth will gradually pick up after a disappointing 1st quarter, and that the Fed will finally initiate a rate hike later this year…
“Gold prices remained in a relatively tight range in June and early July, with concerns over ‘Grexit,’ a weakening of the U.S. dollar against the euro, and rising U.S. real rates having little overall impact on pricing,” Goldman stated in a commodities report today. “Our Gold price forecasts remain $1,180 in 3 months, $1,150 in 6 months and $1,050 in 12 months.”
Goldman says it also looks for Silver to fall since it tends to track Gold, although the bank also looks for the Silver/Gold ratio to “normalize” as global economic growth begins to recover…
China Teeters Some More
China announced a flurry of new moves overnight to halt a stock market slide, but the result was another big dive in share prices…the government told state companies and executives to buy shares, raised the amount of equities insurance companies can hold and promised more credit to finance trading…the Shanghai Composite lost another 5.9% overnight despite the new measures (or because of them – the actions of Chinese authorities are looking increasingly desperate and bizarre)…quite simply, investors within China and overseas are losing confidence in Beijing’s ability to stem the slide in the country’s equity markets and manage its economic reforms…that’s potentially extremely dangerous to global financial markets…
The problems in China at the moment aren’t just confined to equities…the yield on China’s benchmark government bonds rose sharply overnight, while investors unloaded billions worth of dollar-denominated debt issued by Chinese companies…meanwhile, the yuan has fallen to a 4-month low in offshore markets…
Shanghai Composite Updated Chart
This chart shows how the Shanghai’s RSI(14) and +DI indicators on this 20-year monthly became dangerously overbought as the Index flirted with key resistance around the 5000 level in mid-June…the greed factor had clearly taken hold with margin levels ballooning as investors kept chasing prices higher, encouraged in part by a government strategy aimed at creating a “wealth effect” from a rising market…unfortunately, what goes up can come back down even more quickly…
The 3400 area is key support as we’ve already shown in a previous chart…if 3400 fails, it’s quite possible the Shanghai will ultimately test the 2650 level for a correction of nearly 50%…based on previous patterns, RSI(14) still has quite a bit further to drop – at a minimum, likely to support around 50%, probably lower…keep in mind, this is a long-term monthly chart…
Copper Update
Directly related to the plunge in Chinese stocks is a big drop in Copper prices which hit a 6-year low yesterday…investors fear a faster-than-expected retrenchment in the country’s economic growth and weaker demand for the metal…China of course is the world’s top Copper consumer, accounting for roughly 40% of global demand, and its economic health is often directly reflected in the price of metal…
The metal’s rout has been part of a broader sell-off in commodities which stems from long-running worries about Chinese growth…China’s economy has been slowing and new construction has dropped this year while manufacturing has contracted…now the country may feel the impact of a plunging stock market which, if not immediately stemmed, could lead to a decline in consumer confidence and spending…that’s why Chinese authorities are acting so aggressively in trying to prop up the market…
Copper 20-Year Monthly Chart
Technically, this chart is important because it shows how Copper yesterday touched its long-term uptrend support line as well as the bottom of a downsloping channel…it has bounced back this morning…
A break below that key support obviously would be very bearish…so Copper has taken a few hard blows but hasn’t been knocked out yet…over the past 2 decades, bottoms in Copper have occurred at RSI(14) lows at 30% on this long-term monthly chart…
CRB Index Updated Chart
The CRB Index appeared to put in an important bottom in March at 207 when historically extreme RSI(14) conditions also emerged…a critical support band exists between 200 (2009 low) and 220…
The Index is off slightly at 215 as of 9:30 am Pacific…
Today’s Equity Markets
Asia
As mentioned, China’s Shanghai took another hit overnight, losing 220 points to close just 107 points above key support at 3400…the woes in China also spread to Japan where the Nikkei fell 3% to close below the 20000 level…
Europe
European markets rebounded and finished up moderately today after Greek Prime Minister Alexis Tsipras said he had submitted reform proposals to creditors, with “concrete” plans hopefully due in the coming days…George Osborne has delivered Britain’s first truly conservative budget in nearly 20 years, announcing huge welfare cuts offset by a higher minimum wage in a bid to create a “high wage, low tax, lower welfare” economy…growth forecasts were largely unchanged, with a small downward revision to 2015 to 2.4% and upward revisions in 2017 and beyond…
North America
Volatility continues in North American markets…NYSE trading was suspended at 8:32 am Pacific due to technical glitches…the Dow was down more than 200 points at the time…the NASDAQ is functioning normally but down 74 points or nearly 2% as of 9:30 am Pacific…minutes from the last Fed meeting are due shortly…in Toronto, the TSX has shed 200 points while the Venture is down 11 points at 642…
Venture 7-Month Daily Chart
Venture support at 654 has given way, barring a dramatic turnaround before day’s end…next support is the December 637 low followed by the 600 level…
Doubleview Capital Corp. (DBV, TSX-V) Update
Doubleview Capital (DBV, TSX-V) was halted prior to this morning’s open, pending news following the company’s recent re-starting of drilling at the Hat Project in the Sheslay district…
Make sure you’re a subscriber to our BMR eAlert system (free sign-up, check the top right corner of our homepage) eAlert subscribers by tomorrow will receive an important excerpt (raw footage) from our recent video interview with Dr. Razique…this will be very educational in terms of understanding the Hat system and how a world class Gold-Copper porphyry deposit comes together…
Skeena Resources Ltd. (SKE, TSX-V) Update
Not far and on trend from the Sheslay district – about 75 km to the southeast – keep an eye on Ron Netolitzky’s Skeena Resources (SKE, TSX-V) which has mobilized 2 drills to its Spectrum high-grade Gold Project…the company has received a 3-year drilling permit and has started fieldwork and camp construction…the company reported June 29 that drilling was expected to begin within several days…
A total of 10,000 to 12,000 m of drilling in 50 to 60 holes is planned with holes averaging 200 m and varying from 50 to 350 m in depth…the program has been designed to expand the historic resource at the 500 Colour and Central zones, the latter of which includes the QC 1, QC 2, Porphyry 1, and Porphyry 2 structures…other holes will test the East Creek Zone, believed to be a possible extension of the Central Zone, and other outlying targets…a 43-101 resource estimate will be completed by the end of the year…this is property with not only a high-grade Gold system, but strong potential for Cu-Au porphyry deposits as well…
Skeena closed $8.1 million in financings in March, more than originally anticipated, to be directed primarily toward advancing the Spectrum Project…Netolitzky, of course, was recently inducted into the Canadian Mining Hall of Fame for his two past successes in NW B.C. – the Snip and Eskay Creek mines…
SKE is off half a penny at 6 cents as of 9:30 am Pacific…excellent support between 5.5 and 6 cents, with 5.5 cents the bottom of a downsloping channel on this 2-year weekly chart…
Note: John and Jon both hold share positions in DBV.
Something no one wants to hear DBV stopped drilling. Didn’t smoke peace pipe it seems or ???
Comment by Wolfgang — July 8, 2015 @ 8:45 am
So what will happen to GGI ????
Comment by Wolfgang — July 8, 2015 @ 8:46 am
DBV- this halt is unusually long……give us the news!
Comment by d4 — July 8, 2015 @ 8:56 am
Not good if DBV has stopped drilling ? This is starting to look like First Naions issues , we will see soon enough.
Comment by Les — July 8, 2015 @ 9:02 am
Your right , DBV halt over drill results is too long , something else is up.
Comment by Les — July 8, 2015 @ 9:03 am
If this is true then the question is how easy and in what time frame can the reason for stoppage be overcome.
Comment by Jamie — July 8, 2015 @ 9:04 am
DBV not looking good……too long….I think the Tahltan are up to something in the Valley to attract attention. ….
Comment by d4 — July 8, 2015 @ 9:16 am
Jamie , one can only speculate right now , let’s wait for the NR .
Comment by Les — July 8, 2015 @ 9:19 am
Jon, your right on GGI shorting so very few. OK, I shut up on that issue. However, I did not want to post this last week but now that someone mentioned it, I guess that I will mention another conversation a couple weeks ago. Someone told me that GGI was going to struggle to see .10 again for the time being cause Regotti was having trouble coming to terms with one of the chiefs of that Indian tribe. I don’t know how true this is, but we shall see. I have no proof, just what I heard.
Comment by dave — July 8, 2015 @ 9:26 am
All right JON – I know charts and TA in my sleep, but I know nothing about politics, I hate it. So whats going on with China and how does that affect the gold/silver market? Anyone else feel free to chime in.
Comment by dave — July 8, 2015 @ 9:42 am
An halt of one day give a chance to all people to see the halt, remember the first news with an halt friday morning with a news monday morning…,I’m very happy to see a probable halt of one day, the last halt finished at 15:00 and the news is so-so for the market I realy prefer an halt of one day !
Comment by guy delisle — July 8, 2015 @ 9:42 am
Les, what makes you believe drilling has stopped?
Comment by Steve A. — July 8, 2015 @ 9:43 am
DBV has typically HALTED and then released news very shortly after – it would seem that a longer HALT would draw more attention to it, so it seems to me that the news might be good…seems odd that they would want the extra attention if news was bad. Just my two cents…
Comment by Steve A. — July 8, 2015 @ 9:46 am
dave, are you talking about Mexico or Grizzly when you say Regoci is having problems with ”Indian tribe”.
Comment by Tom UK — July 8, 2015 @ 9:57 am
It would be better for them to wait for tomorrow, maybe the sentiment changes for the plus a little bit. Markets not doing well today. I got out of CRS last week, whewwwwww
Comment by dave — July 8, 2015 @ 9:59 am
TomUK – Grissly
Comment by dave — July 8, 2015 @ 10:05 am
sorry typpo – Grizzly
Comment by dave — July 8, 2015 @ 10:05 am
I agree Steve A !
Comment by guy delisle — July 8, 2015 @ 10:12 am
My investing experience with regards to First Nations has never really been positive. I might be wrong but I believe it’s a red flag.
Comment by Seamus — July 8, 2015 @ 10:24 am
Some have suggested a Tahltan issue may be at play – seems odd that DBV would go through the trouble of putting out a news release of drilling at H24 if they didn’t have a solid agreement with the Tahltan already…Jon…any rumblings from your circles of Tahltan issues? That would certainly put everyone in the district behind the 8-ball.
Comment by Steve A. — July 8, 2015 @ 10:26 am
Dave, whoever the ‘someone” was who told you that GGI would struggle to see 10c again must have forgotten that things are moving in Mexico for GGI. Good news on either of their projects there would easily push the share price north of 10c.
Comment by Tom UK — July 8, 2015 @ 10:27 am
In partnership with Tahltan Drilling Services, we are advancing the Hat project in a way that not only builds value for Doubleview shareholders but creates expanded opportunities for the Tahltan Nation. Doubleview is working closely and co-operatively with the Tahltan Nation as they build a sustainable future within their traditional territory,” Mr. Shirvani concluded.
Comment by guy delisle — July 8, 2015 @ 10:41 am
Steve, we stated this very clearly already—-Chad Day initiated a major power-play with regard to the Sheslay district with that letter back in late May. Keep in mind, this is an individual who is coming off success with a deal with Imperial Metals, and the B.C. government and another company on a clean energy project. He’s up for re-election next year. He’s also in broader negotiations with the B.C. government over land title issues. If this thing today is about the Tahltan, it’s about money, politics and power. Red Chris went thru the same thing – when there’s value, the First Nations jump all over it.
Comment by Jon - BMR — July 8, 2015 @ 10:42 am
I bought DBV early on when it was at 5 cents( I don’t hold it anymore), and I remember there were several instances that a halt had lasted a whole day. Just wait and see and leave speculation out of it.
Comment by chris — July 8, 2015 @ 10:46 am
If the Tahltan is the reason and they did stop drilling it will give us a great buying opportunity…..might not be a bad thing after all!
Comment by d4 — July 8, 2015 @ 10:49 am
On this positive news from DBV Farshad has done everything he can now waiting for Joh to lead the way with sending out the interview with Dr.Razique that has interesting points that will give us a good insight to the long awaited news.Have faith Farshad will deliver to everybodys surprise and why not ? His on a mission to fulfill.
Comment by Eddie — July 8, 2015 @ 11:55 am
Steve A – I have no indication drilling has stopped , it has been halted trading.
Comment by Les — July 8, 2015 @ 12:10 pm
I agree with D4 post. I have seen companies have trouble with Indians and a stock tumble only to have a deal worked out 2 weeks later and the stock took off.
TomUK, If you re-read my earlier post, I mentioned GGI struggling to get to .10 in the near term, not ever again. Put the Shelsay aside, they need to show us their cards in Mexico. Long overdue.
Comment by dave — July 8, 2015 @ 12:28 pm
Dave, the news from Mexico is due any day now, so even in the short term they could easily bust through 10c.
Comment by Tom UK — July 8, 2015 @ 1:10 pm
The Venture Exchange has closed lower than its lowi in Dec 2014 . If I recall it would have to go back to the year 2001 when it traded in this area.
Comment by Les — July 8, 2015 @ 1:46 pm
We have breaking news we’re posting shortly on BMR re: the DBV situation
Comment by Jon - BMR — July 8, 2015 @ 4:01 pm
What is all this talk about DBV stopped drilling? Can anyone confirm? You would think if drilling has stopped someone would have leaked it by now. Anyone hear anything? Jon have you heard any rumours from your Tahltan eyes and ears?
Thanks
Comment by Dan — July 8, 2015 @ 4:03 pm
Guy do you have a email,
Martin
Comment by Martin — July 8, 2015 @ 4:15 pm
See below, Dan…we’ll be posting breaking news shortly on BMR…some wild developments…
Comment by Jon - BMR — July 8, 2015 @ 4:15 pm
Excellent, hope it is good news. Thanks Jon.
Comment by Dan — July 8, 2015 @ 4:18 pm
My guess, GGI is taking over DBV!! LOL
Comment by Dan — July 8, 2015 @ 4:20 pm
Old news You people should get with the program
No smoke peace pipe no drilling Time to go home I have bid in at 3 and 4c on GGI. DBV also much lower though GGI been telling us drilling in Shesley for 2 1/2 years Mexico probably also a bust.
Comment by Wolfgang — July 8, 2015 @ 4:21 pm
Breaking news wont be good sorry to say
Comment by Wolfgang — July 8, 2015 @ 4:22 pm
http://tahltan.org/unwanted-sheslay-mining-exploration-causes-tahltan-protest/
July 8, 2015
SHESLAY, NORTHWEST BC – A group of Tahltan Elders, supported by Tahltan Central Council (TCC) president Chad day, have travelled this week to a mine exploration site in the Sheslay area to seek a halt to work there.
Meanwhile, TCC president Chad Day also issued an open letter to the Province and junior mining company Doubleview reminding them of the Tahltan Nation’s requirement that all mining activity in the Sheslay stop.
The TCC has repeatedly asked for Doubleview’s drilling rig to be removed because the Tahltan Nation strongly opposes mineral exploration in the area surrounding the Sheslay River.
Traditionally, Sheslay was occupied by the western Tahltan people. There are grave sites for many of the Tahltan clans there and the whole area was occupied and used. Today, Sheslay remains an important cultural, spiritual and traditional use area to the Tahltan people.
“Our people have been clear that the Sheslay area is not appropriate for major industrial development,” said TCC president Chad Day. “We have repeatedly asked Doubleview and the Province for the current work to stop, but we have been ignored.”
Although Doubleview has permission from the Province for exploration work, the Tahltan Nation was not properly consulted before a permit was issued. In May, the TCC sent a letter to all exploration permit holders asking them to stop work. Since then, TCC has also met with the Province and with Doubleview to request that activity stops, with no success.
The TCC is not opposed to all mining development. It works with industry and with the Province on its government-to-government relationship to make sure appropriate development takes place with proper consultation. In April of this year, the Tahltan people voted more than 80% in favour of an agreement with the new Red Chris mine in Tahltan territory.
TCC asserts that major mineral exploration in Sheslay is not in the interests of the Province, industry or the Tahltan people when the chance of Tahltan approval of any development there is so small.
Comment by Andrew — July 8, 2015 @ 4:24 pm
http://tahltan.org/unwanted-sheslay-mining-exploration-causes-tahltan-protest/
Comment by d4 — July 8, 2015 @ 4:26 pm
News not good. Tahltan is opposed to drilling in the Sheslay district.
Comment by Dan — July 8, 2015 @ 4:29 pm
Don’t understand. Isn’t DBV using Tahltan drilling company?
Comment by Dan — July 8, 2015 @ 4:34 pm
And the real story? Stay tuned.
Comment by Jon - BMR — July 8, 2015 @ 4:34 pm
Yes, they are. This is Tahltan, in effect, blockading Tahltan. It’s an illegal action and Chad Day’s “Power-Play” to use a high-impact discovery area as a bargaining chip with the provincial government over a broader land-use management deal. More within the hour or so on BMR.
Comment by Jon - BMR — July 8, 2015 @ 4:41 pm
Jon, it will be tough to put a positive spin on this. The exact same thing was said on the Tahltan website but nobody including myself wanted to believe it. I think Dave will end up being proven right on this. Sure, some of this is political posturing but this will grind things to a halt for a while. It’s tough to catch a break in this sector right now.
Comment by Danny — July 8, 2015 @ 4:43 pm
Not surprising with the press release that TCC issued a little while ago. It was hard to buy into the bullish spin put on that letter. Not looking good for Dbv and Ggi.
Comment by Seamus — July 8, 2015 @ 4:43 pm
DBV is done.
Comment by Ryab — July 8, 2015 @ 4:44 pm
If both GGI and DBV have the right to drill, then I can’t see any reason to stop. I am sure both companies would be willing to sit down and sort out an agreement with the Tahltan while continuing to drill. Political bargaining chip that is anything but legal as you stated Jon. What’s next? Hope DBV continues to drill.
Comment by Dan — July 8, 2015 @ 4:45 pm
I would doubt it’s a powerplay. Maybe they just simply do not want development in that area. If it holds such cultural significance to them then maybe that’s there wish. Interesting for sure. This represents a major hurdle
Comment by Seamus — July 8, 2015 @ 4:48 pm
Forget chad day and the tahltan! That’s shady and illegal. Get out of the way or get run over!
Comment by Sam — July 8, 2015 @ 4:51 pm
Seamus
If that was the case why would they be the ones that DBV hired to do the drilling,and have been doing the drilling… that makes no sense…
Comment by Greg — July 8, 2015 @ 4:52 pm
As far as GGI is concerned, the current market cap. is a joke at approx. $ 5M. Of course if Steve Regoci would start giving us an update on the drilling of the Mexico properties this would help the situation. I think tomorrow some people will panic and move on and sometimes these negative events are a positive for the aggressive folks.
Comment by Andrew — July 8, 2015 @ 4:52 pm
Now. Doesn’t this situation remind anyone of the Platinex/Kitchenuhmaykoosib (KI) issue about 9 years ago in ON? What a farce that turned out to be. Back then there was a major company looking to do a J/V with Platinex and then the KI got involved. We all know how that turned out.
Hopefully, the issue in BC will be nothing more than a money grab with the end result being some benefits to the affected First Nations, jobs and care of the land etc. No doubt someone is planning for the next election.
Comment by Andrew — July 8, 2015 @ 4:57 pm
I thought that the Tahitian were in favour of development and that the companies were consulting with them. Bring on the revenue sharing BC government and please don’t take 10 years to get involved.
Comment by Andrew — July 8, 2015 @ 4:59 pm
Chad Day is a chief but also a politician. He is up for re-election next year. He has a couple of very specific goals, and he is using the Hat and the district as a bargaining chip. His manager for land management issues has resigned, BMR has learned, after 10 years on the job. We just spoke with her. The truth of what’s really going on here is not reflected in that Tahltan news release. This is a power-play on the part of Chad Day, and an illegal action to boot. Could become a national story.
And keep in mind that none of this would be happening if there wasn’t something of major value at the Hat and the district. Farshad has every legal right to drill. The Tahltan approved the multi-year exploration permits for DBV, GGI and PGX. Tahltan has endorsed exploration in the district by using their own drilling company to drill every single hole at the Hat so far, plus other Tahltan exploration services have been put to work in the district where exploration has been going on for more than half a century. Investors should be outraged at this kind of behavior from certain militant members of the Tahltan. But they’ve done it before at other major projects including Red Chris.
Comment by Jon - BMR — July 8, 2015 @ 5:04 pm
Jon, question is will DBV stop drilling when they have a legal right to drill? Nothing says drilling can’t continue while talks are on going. Will GGI drill?
Comment by Dan — July 8, 2015 @ 5:07 pm
Politic capital for Chad Day !!!!
Comment by guy delisle — July 8, 2015 @ 5:10 pm
Thank you Jon very good information !
Comment by guy delisle — July 8, 2015 @ 5:14 pm
Dan, we need to hear DBV’s side of the story. No news yet from them. No “talks” are necessary between DBV and the Tahltan at the moment. THREAT, the land management division of the TCC, approved the multi-year drill permits for the Sheslay district companies. The Tahltan was fully consulted in accordance with B.C. mining laws. For goodness sake, the Tahltan have been drilling the Hat. The Tahltan are not abiding by the law here. What we have is a 28-year-old individual, Chad Day, who is no dummy and understands what’s at stake in the Sheslay district and northwest B.C. in general, and he’s specifically engaging in this action in part as a way to force the B.C. government to settle as quickly as possible on a broader land management deal covering Tahltan territory.
Chad Day has not accepted our offer for an interview – I wonder why?
I am personally furious with these developments as every single investor should be. The Tahltan are breaking the law, trying to interrupt or put a halt to DBV drilling. We encourage everyone to contact the B.C. government department that handles mining/aboriginal issues. We’ll post that number in the morning.
Comment by Jon - BMR — July 8, 2015 @ 5:19 pm
Thank you Jon for the information. It could be a rough day tomorrow for GGI and DBV (if they are trading).
Comment by Andrew — July 8, 2015 @ 5:25 pm
There it is: work halted due to those Indians.
Comment by dave — July 8, 2015 @ 5:26 pm
You must be furious, a lot of people are down on the dbv dog and so are they ggi.
BMR at its best.
Comment by Ryab — July 8, 2015 @ 5:28 pm
What investors should do, Andrew, is stand up and rally behind Farshad tomorrow, and not let Chad Day get away with this. He’s acting like the schoolyard bully we all used to know.
Comment by Jon - BMR — July 8, 2015 @ 5:30 pm
The person who told me about this was in the know. But if I would have posted this 2 weeks ago, all of you know what I would have got from you. Your crazy!
So I didn’t post.
Comment by dave — July 8, 2015 @ 5:31 pm
Jon, even though I don’t own either, I will sign something if it helps.
Comment by dave — July 8, 2015 @ 5:33 pm
Agreed. I will send along an email of support but I do hope that the BC Government does a much better job than the ON Government did with the Platinex/KI issue years ago.
Comment by Andrew — July 8, 2015 @ 5:36 pm
Maybe Chad Day wants cheap shares!!!
Comment by dave — July 8, 2015 @ 5:37 pm
Put your objection on Talhtan Facebook, he put the news on Facebook
Comment by Guy Delisle — July 8, 2015 @ 5:42 pm
Time to get out of DBV and buy WRR.
Comment by Ed — July 8, 2015 @ 5:50 pm
Perhaps stop trading another day but this will not keep the price…. 5 cents stock! Dave, 5 cents… cheap enough?
Comment by Theodore — July 8, 2015 @ 5:54 pm
Dave, I always wondered why you kept predicting that GGI would go to .05, can’t say I blame you for keeping that information to yourself. You are right that you probably would have been roundly criticized for bringing that forward. Perhaps this will provide a unique buying opportunity for GGI. But why have they been so silent on Mexico?
Comment by Danny — July 8, 2015 @ 6:01 pm
I believe this was mentioned previously. Why issue any good news when Sprott(?) was dumping a large part of their 10 million shares.
Perhaps I will get ready with a bid at the .03-.04 level just in case for GGI.
Comment by Andrew — July 8, 2015 @ 6:11 pm
News out from DBV ???? this news is a joke ????
Comment by Guy Delisle — July 8, 2015 @ 6:22 pm
The big question, how long can this go on ? A lot longer than people think . We need a response from DBV as to their position .
Looks like a power struggle with one bunch waiting to explore and doing the drilling and working ; another bunch doing nothing and wanting nothing to be done , ever. Indian burial ground , where have we heard that before. We will see tomorrow if all these shares that are in strong hand are actually in strong hands.
Comment by Les — July 8, 2015 @ 6:24 pm
DBV going down tomorrow… BMR style…
Comment by Ryab — July 8, 2015 @ 6:41 pm
I think Jon is right, the Tahltan wouldn’t be doing this if there was not something of value, their drill rigs have drilled every hole so far, you don’t think they have an idea of what is going on at the Hat?… its always about the money… this is just a validation of what DBV is about to prove up.
Comment by greg — July 8, 2015 @ 6:49 pm
The news of DBV is a copy of the news of Tahltan ???
Comment by Guy Delisle — July 8, 2015 @ 6:59 pm
Just makes me sick knowing that the Tahltan sat idle for a few years knowing that DBV was drilling in the Sheslay – and now that things are heating up they play the “ancient burial ground” card. Why didn’t the Tahltan speak up when DBV first landed in the area?! Oh yeah, because there wasn’t money to be made then…brutal.
Comment by Steve A. — July 8, 2015 @ 7:07 pm
Dbv has the right to drill, let’s drill! Run these clowns over
Comment by Sam — July 8, 2015 @ 7:07 pm
Steve A
You are exactly right, that is what Jon has been saying all along if there wasn’t something of major value this wouldn’t be happening, heck the Tahltan’s have been the ones drilling all the holes so far for Pete’s sake
ALL ABOUT THE MONEY AND THEY KNOW THERE IS GOING TO BE PLENTY AND THEY WANT MORE OF IT..
Comment by greg — July 8, 2015 @ 7:15 pm
Steve, you are absolutely correct. If they had any principles they would have complained when drilling first started.
Comment by Danny — July 8, 2015 @ 7:16 pm
This is just a native business negotiation the way I see it. Do I like their tactics… hell no but it is what it is. This says volumes for what may lay underground for them to now jump on this bandwagon. This will take some time to overcome I would imagine and management has to keep their cool regardless of how they really feel. I am thinking some cheap shares are coming and a longer timeline for investors who have the guts and the patience to see this through.
Comment by Jamie — July 8, 2015 @ 7:24 pm
This is ridiculous and worded so strongly opposed yet they allowed the drilling???
Comment by STEVEN1 — July 8, 2015 @ 7:30 pm
We just cant get a break in this market. The province should send the marines in What kind of douche bags run this country anyway, The natives have the power and who are the judges that “interpret” what was meant when the first treaties were signed, “I will supply you with one buffalo coat a year ” surely wasn’t meant to mean “lodging for you and all the people that follow you” for all time and you will own the land as far as the eye can see 10 fold
Comment by Wolfgang — July 8, 2015 @ 7:33 pm
Ref. comment 76. No. This is Stockwatch just assigning the Tahitian article to their stock symbol because they are mentioned.
Comment by Andrew — July 8, 2015 @ 7:38 pm
DBV may be halted for another couple of days…. 67% off maybe initially opened… sad sad sad
Comment by Theodore — July 8, 2015 @ 7:48 pm