Gold has traded between $1,108 and $1,125 so far today…as of 8:15 am Pacific, bullion is down $11 an ounce at $1,110…Silver is off 9 cents at $14.71…Copper, after a big advance yesterday thanks to production cuts by Glencore and expectations of fresh stimulus from China, is flat at $2.44…Crude Oil is off 55 cents to $45.39 while the U.S. Dollar Index has climbed one-third of a point to 96.23…
The physical Gold market has been mixed…demand is apparent in top consumer China where premiums edged up on the Shanghai Gold Exchange to about $5 an ounce today from last week’s $4…prices in India, however, are at a discount to the global benchmark for the first time since July, thanks in part to a weaker than normal monsoon season…
Average global Gold mining costs are falling, according to Metals Focus…cash costs in Q2 averaged $664, a drop of 2% from the prior quarter and 8% lower year-on-year, with the figure well below the peak of $782 in the 2nd quarter of 2013…as a result, the average basic producer margin, which is the Gold price minus the cash cost, was $530 an ounce. “One of the main driving forces behind this trend has been the weakening of Gold-producing countries’ currencies relative to the U.S. dollar,” Metals Focus says, adding that the decline in Oil prices also helped…meanwhile, the decline in all-in sustaining costs has slowed and was flat compared to the 1st quarter, the consultancy says. “More significantly, the additional all-in sustaining component has remained relatively static over the past 12 months at around $250/oz; this additional component includes items such as stay-in business capital, near mine exploration and corporate head office costs.”
World Bank Chief Economist Warns Fed Not To Raise Rates
The Federal Reserve risks triggering “panic and turmoil” in emerging markets if it opts to raise rates at its upcoming meeting and should instead hold off until the global economy is on a surer footing, the World Bank’s chief economist has warned…rising uncertainty over growth in China and its impact on the global economy means a Fed decision to initiate a rate hike next week, for the first time since 2006, would have negative consequences, Kaushik Basu told the Financial Times…
Japan’s Nikkei Enjoys Biggest Single Day Gain Since 2008
Japan’s Nikkei soared overnight, climbing 1343 points or nearly 8% to close at 18771…the buying frenzy started after Prime Minister Shinzo Abe told a meeting of investors that he would seek to lower the corporate tax rate by at least 3.3 percentage points (raising corporate taxes, like the NDP has done in Alberta and would most certainly do on a federal level if they are elected, is a jobs and economic growth-killing strategy, though socialists somehow get an adrenaline high whenever they they’re able to “go after” corporations and take that money to “invest” in ill-conceived, silly social experiments that typically fail and burden taxpayers)…
Meanwhile, China’s finance ministry said today that the country would roll out a “more forceful” fiscal policy to stimulate economic growth, which it said faces downward pressure…the Ministry of Finance said in a statement that it would allocate more funds to support some infrastructure projects and implement tax cuts for small businesses…it also said it would accelerate the approval process for duty-free stores in a bid to boost construction…the ministry also said it would issue debt quotas for local governments after the nation’s top legislator this year capped outstanding local-government debt at 16 trillion yuan ($2.5 billion)…
In the United States, Republican presidential contender and former Florida Governor Jeb Bush says that, with the right fiscal policies, the U.S. economy can grow at a faster clip than the current average of 2%…he said a “complete overhaul” of the U.S. tax code is necessary to fuel that growth…that means a simpler tax system and lower taxes across the board, for individuals and businesses…
It’s refreshing today to hear some politicians talking some economic sense…
VIX 10-Year Daily Chart
The Volitility Index (VIX) is beginning to settle down, closing yesterday just a shade below the key 25 level…it soared to more than a 6-year high intra-day during the “flash crash” August 24 that may have marked a key turning point in the markets…
Today’s Equity Markets
Asia
China’s Shanghai Composite advanced strongly overnight, though gains weren’t nearly as robust as those seen in Japan…the Shanghai added 73 points or 2.3% to close at 3234…
Europe
European markets are solidly in the green in late trading…investors are more upbeat following trade surplus data from the euro zone’s largest economy, Germany, yesterday, which suggested strong demand for German goods…both exports and imports in Germany hit a record high in July…
North America
Remarkably, the Dow has made 12 triple-digit moves on a closing basis over the last 14 sessions…it was up more than 150 points in early trading today but has since pulled back to a gain of 45 points as of 8:15 am Pacific…in Toronto, the TSX is up 58 points while the Venture is off 2 points at 555 as it continues to grapple with resistance at its EMA(20) and the 560 level…breakout by the end of the week?…could happen…
Critical Elements (CRE, TSX-V) has backed off slightly this morning after hitting a nearly 52-week high of 30 cents yesterday following some significant news…the company announced it has signed a strategic collaboration agreement with a unnamed leading chemical company, which includes take-or-pay off-take for all products produced from CRE’s Rose Lithium-Tantalum Project…the feasibility study will be completed in collaboration with the strategic technical and commercial partner…should the feasibility study support the technical feasibility and economic viability of the project, the strategic partner will also have the option of participating in the project by providing equity in the project financing for an interest of up to 25%…CRE is off half a penny at 26 cents as of 8:15 am Pacific…rising 50 and 100-day moving averages (SMA’s), currently in the low 20’s, should provide strong support on any pullbacks…
Venture Long-Term Monthly Chart
A stunning long-term chart from John this morning provides increasing evidence that the Venture formed an important low intra-day August 24 at 509…whether this ultimately proves to be the “capitulation” bottom in the multi-year bear market remains to be seen…however, this chart clearly suggests that the Index could now be in the midst of what develops into a very strong rally, the likes of which haven’t been seen since the end of 2013/early 2014…
Key takeaways:
1. Index touched the bottom of a long-term downtrend line August 24 and quickly reversed
2. RSI(14) has bounced off the long-term support line
3. Both DI’s are at historical extremes
4. The large heads and shoulders pattern that formed between 2010 and early 2012 was a huge warning signal
Better times are ahead, though selectivity will remain the key…
Garibaldi Resources Corp. (GGI, TSX-V) Update
Garibaldi Resources (GGI, TSX-V) is well-positioned for a powerful advance on any strong news out of the Sheslay district or Mexico based on the technical posture of John’s 2.5-year weekly chart…note the confirmed breakout above the price and RSI(14) downtrend lines…sell pressure has turned into weak buy pressure, and the bearish trend clearly peaked at the end of July/early August according to the ADX indicator…
Crews remain on the ground at Grizzly Central where, as we detailed in Monday’s BMR Pro and Gold subscriber-only report, we see a strong probability of another important Sheslay district discovery…
There’s a reason the Association for Mineral Exploration British Columbia refers to the Sheslay district as “the #1 greenfield project in B.C.”
More evidence for that claim is likely on the way given the very robust nature of this emerging world class district…
GGI is unchanged at 7 cents as of 8:15 am Pacific…
Biorem Inc. (BRM, TSX-V) Update
Biorem Inc. (BRM, TSX-V) is up 40% since we introduced it to our readers a few months ago around 30 cents…there’s nothing like old-fashioned earnings momentum (a rarity on the Venture) to drive a stock price, but that’s what’s happening with Biorem…it shot up from 32.5 cents August 27 to a multi-year high of 65 cents just 3 trading sessions later on the release of Q2 financial results…yes, a double in only 3 trading sessions…not unexpectedly, it has given back some of those gains to unwind temporarily overbought conditions, but support is strong in the vicinity of 50 cents and we can’t help but believe the potential for BRM is exceedingly bright given how its business is expanding and in a profitable fashion…
Biorem reported net earnings for Q2 of $718,000 or 5 cents per share (undiluted)…this brings net earnings for the 1st half of the fiscal year (January 1 to June 30) to $1.25 million or 9 cents per share (vs. a net loss of $1.36 million for the 1st 6 months of 2014)…
Biorem’s revenues for Q2 were $4.7 million, a 91% increase over the $2.2 million in revenue recorded during the same period last year and consistent with the $4.7 million recorded in Q1…year-to-date revenue has totaled $9.4 million, a $5 million or 112% jump in revenue over the 1st half of 2014…this increase came from each of the geographic markets in which Biorem operates (the U.S. represents its largest single market)…the value of the company’s order backlog as of June 30 was $14.4 million…management estimates that more than 50% of the order backlog will be converted into revenue by year-end (MD&A)…
In addition, on August 31, BRM reported that it has won several new orders totaling $5.7 million for air emission abatement projects in North America, including a large order from a municipality in the southern U.S. where the company’s equipment will be replacing a competitor’s system that failed to meet the customer’s requirements…
With only 13 million shares currently outstanding, BRM is an environmental biotechnology company that designs, manufactures and distributes a comprehensive line of high-efficiency air emissions control systems used to eliminate odors, volatile organic compounds and hazardous air pollutants…
Technically, BRM is on a major new uptrend as confirmed by important breakouts on this 10-year monthly chart…
BRM is up a penny at 53 cents as of 8:15 am Pacific…
Dajin Resources Corp. (DJI, TSX-V)
The Lithium space is hot, as demonstrated by the success of Pure Energy Minerals (PE, TSX-V) which has tripled in value since we introduced it to our readers in July…
For the more speculatively inclined, Dajin Resources (DJI, TSX-V) is worthy of our readers’ due diligence given its proximity to Pure Energy’s Clayton Valley Project in Nevada, and other Lithium properties it’s advancing…
Technically, this is a powerful-looking chart which has caught our attention…as always, perform your own due diligence but we see very good speculative potential with DJI trading at 10.5 cents as of 8:15 am Pacific…
Cardiff Resources (CRS, TSX-V)
A junior Oil play on the rebound could be Cardiff Resources (CRS, TSX-V) which tumbled from a high of 25 cents in June to a recent low of 8 cents near Fib. support and the still-rising 300-day moving average (SMA)…CRS is up a penny at 10 cents as of 8:15 am Pacific…
Interestingly, accumulation (CMF) in CRS continued unabated through the sell-off to 8 cents…
Note: John and Jon both hold share positions in GGI.
Jon, based on your investigations, do you feel that GGI has better potential with drill results than DBV?
Comment by Steve A. — September 9, 2015 @ 7:30 am
Steve, the Hat has all the earmarks of a potential world class system, there’s no question…DBV’s Hat discovery was the game-changer for the district in early 2014; I believe Grizzly Central is the next immediate game-changer, and I’ll reiterate why…what people have to understand about the district is this – the Hat, the Star and the western portions of the Grizzly caught the attention of historical prospectors half a century ago because there was obvious outcropping and surface mineralization over certain parts of those areas…Grizzly Central was ignored because of the extensive overburden, which is relatively thin…I suspected this a couple of years ago, and I’m more convinced than ever now, that underneath that overburden cover at Grizzly Central are some potentially rich deposits…that’s my call…you heard it hear first and that’s based on 2 years of research and publicly available data…remember Blackwater in B.C.?? different deposit but it was hidden by overburden…became the largest Gold discovery in Canadian history west of Ontario…
I suspect we could see something huge emerge at Grizzly Central, very quickly, which could match or even exceed the excitement of what we’re seeing right now around Voisey’s Bay…GGI has some great targets at Grizzly West but they are feverishly focusing right now on Grizzly Central…there’s a reason, and people should wake up to that IMMEDIATELY…Grizzly Central is a VAST area of low relief…I flew over it on my visit to the district last year…it’s also very strategic ground for a potential mineral processing center and tailings storage in the event economic deposits are proven up in the district…
Comment by Jon - BMR — September 9, 2015 @ 7:38 am
Thanks for the information Jon, always appreciated. Just curious, you mention that GGI is the next “immediate game-changer”…don’t you think that title should go to DBV since they already have proven drill results and more results waiting in the wings (if we ever hear from DBV that is).
Comment by Steve A. — September 9, 2015 @ 8:53 am
Anything’s possible, Steve, but the significance to the district of the vast area of Grizzly Central cannot be underestimated…it has “game-changer” written all over it – imminently, in part since GGI has been on the ground for a weeks weeks already…
Comment by Jon - BMR — September 9, 2015 @ 9:09 am
Jon – you weren’t kidding when you said IMMEDIATELY, ITG sucking up GGI.
Comment by dave — September 9, 2015 @ 9:34 am
SHOWTIME for GGI !!!
I’m hearing that news will be out soon, just no confirmation yet if it’s from Mexico or the Grizzly properly!!
Stay tuned!!
Comment by Jeff — September 9, 2015 @ 9:45 am
Jon – I am surprised our markets are doing poorly today after that strong day overseas. Maybe we lead in this case and they open poor tonight.
Comment by dave — September 9, 2015 @ 10:12 am
Go ggi go. What would be a realistic price target Jon in the near,mid and long range?
Comment by tony T — September 9, 2015 @ 10:17 am
As long as the News is not about a Blockade…
Comment by Sammy — September 9, 2015 @ 10:18 am
And here I was contemplating selling all my ggi shares this morning. 😉
Comment by tony T — September 9, 2015 @ 10:23 am
Americans are also jumping in, that’s big….unusual volume on GGIFF on the OTC…..
Comment by Jon - BMR — September 9, 2015 @ 10:38 am
jon you weren’t kidding about the americans getting in. 225k on the otc is huge volume.
Comment by tony T — September 9, 2015 @ 10:50 am
Ohhhh, PE, GGI, EQT – $$$$$$$$$
Comment by dave — September 9, 2015 @ 11:01 am
And yet nothing going on with Dbv, no volume…what’s going on farshad?
Comment by Sam — September 9, 2015 @ 11:02 am
GGI trades add up to about $600/trade.Strictly retail.Should come back down in the next couple of days.Neither PGX or DBV are trading,which are indicators for me so,there is little to drive the stock of GGI either.Jmo.
I also think EQT is overbought and has hit a peak for now.
Comment by jim niles — September 9, 2015 @ 11:03 am
EQT has not traded in over an hour, yet the bids at .17 have built higher. Possibly a .175 close then news. Lets see what happens. Or, do they drop it the last hour, drop it more tomorrow and then close the PP and then she takes off again.
Comment by dave — September 9, 2015 @ 11:10 am
Personally,the stock I feel is the only sure thing to hit multiples from here is v.PE.Everything else is crossed fingers.
Comment by jim niles — September 9, 2015 @ 11:18 am
EQT – NOPE, we are going higher tomorrow gang.
Comment by dave — September 9, 2015 @ 11:34 am
Jon
Im showing 322k shares traded on the OTC? Average volume over the last 10 days has been 109k, so maybe something is up?
Comment by Greg — September 9, 2015 @ 11:35 am
YIKES, thats the highest U.S. volume on GGI since 2010. I didn’t know the Americans knew about this one, except me.
Comment by dave — September 9, 2015 @ 11:39 am
Worth mentioning – HHS is a neighbor to EQT and its moving today on large volume.
Comment by dave — September 9, 2015 @ 11:51 am
Great day today. EQT and GGI nice.
PE looks like it did a correction candle, I will check later.
Keep in mind that EQT had a low of .125 just this last Friday. We may be testing that .23 shortly. Long and strong.
Comment by dave — September 9, 2015 @ 12:04 pm
Dave
Im also one of those Americans, lol
Comment by Greg — September 9, 2015 @ 12:05 pm
Jim
I don’t agree that GGI needs PGX or DBV to drive GGI, If GGI announces they are going to start drilling the Grizzly then it will move all by itself, now if DBV came out and announced that they have resolved their situation and GGI announces drilling too then look out…
Comment by Greg — September 9, 2015 @ 12:08 pm
I agree Greg – perfect storm if GGI has a good NR and DBV follows with drilling news. Lots of speculation last week that we’d hear from DBV this week…already Thursday tomorrow and nothing yet from Farshad.
Comment by Steve A. — September 9, 2015 @ 12:19 pm
Farshad , what’s the hold up ?
Comment by Les — September 9, 2015 @ 12:20 pm
Don’t worry, Jim gets a bit impatient. I remember when Dbv was trading at .035-.04 I was telling Jim on agoracom that it would go, unfortunately he didnt have patience and it ran to .40. I was the one that brought Dbv to bmr’s attention after some convincing they finally started to see that potential, the rest is history. Dave thanks for all the input on Eqt, your dd is much appreciated.
Paul
Comment by Paul — September 9, 2015 @ 12:21 pm
Double the fun!!
Sold 25% of my EQT and bought twice as much more GGI because news is around the corner!! Moreover, I think EQT is somewhat overbought.
Comment by Jeff — September 9, 2015 @ 12:35 pm
EQT .25 tomorrow ? Don’t laugh. I’m serious.
Comment by BigRig — September 9, 2015 @ 12:41 pm
EQT – Another day with heavy volume and rise in SP, but no news regarding the PP. Anyone have thoughts on the PP and whether or not the increase in SP will affect the PP pricing? There must be other things happening on the property to cause the buying frenzy. Wish I were a fly at the garland. Maybe drilling already -who knows. Something has to give soon.
On another note, GGI sparking interest today as well 🙂
Comment by Dan — September 9, 2015 @ 12:44 pm
I told everyone last week when rumours were circulating about DBV news that we wouldn’t hear from DBV…..he is still waiting for something and it takes a while…..there is a very slight possibility that we get news next week though but then again I doubt it. Like I said, consider it very lucky if we start drilling before the end of the month.
Comment by D4 — September 9, 2015 @ 1:04 pm
GGI – I predict news from Grizzly Central. It’s due.
Comment by Dan — September 9, 2015 @ 1:14 pm
Care to share D4? What is Farshad waiting for?
Comment by Steve A. — September 9, 2015 @ 1:25 pm
Dan, this is just a thought, so don’t hold me to this. They might be re-pricing the PP to .15. If so, then EQT could drop to .15 as it closes and then take off. Just a thought.
Comment by dave — September 9, 2015 @ 1:44 pm
It is possible Dave. Maybe insiders know that re-pricing not going to matter in the big scheme of things. Not only that it would result in a lower outstanding share count, unless they really oversubscribe. One things for certain, it has to be close now.
Comment by Dan1 — September 9, 2015 @ 1:50 pm
Jon, you said you expect to hear something imminently regarding grizzly Central. I think you may be bang on. Who knows maybe tomorrow. The increased volume today certainly indicates something on the way.
Comment by Dan1 — September 9, 2015 @ 1:53 pm
Either way, my bank account is starting to swell with GGI and EQT. On paper anyway. Lol
Comment by Dan1 — September 9, 2015 @ 1:54 pm
EQT- If insiders mostly filled the PP and the price is increased this would be a very bullish sign. Waiting for the dip to buy my third purchase. …..
Comment by d4 — September 9, 2015 @ 2:10 pm
Steve- can’t……my posts in the last few weeks have had some subliminal messages about it though….just sit tight and we will eventually see some light at the end of the tunnel but we aren’t there yet. Some think that the GGI news was good for DBV but it has nothing to do with it and DBV has its own issues to deal with……this is why GGI is about to drill and DBV rigs are collecting dust. There are issues at play which people are not aware of (it hasn’t been discussed here) which have complicated this mess and is the reason why it has lasted this long.
Comment by d4 — September 9, 2015 @ 2:27 pm
News Eqt, closes 2 million pp at .125, drilling under way!
Equitas Resources arranges $2-million private placement
2015-09-09 18:05 ET – News Release
Mr. Kyler Hardy reports
EQUITAS RESOURCES CORP. ANNOUNCES $2,000,000 NON-BROKERED PRIVATE PLACEMENT
Equitas Resources Corp. has arranged a non-brokered private placement of up to 16 million units of the company at a price of 12.5 cents per unit for gross proceeds of up to $2-million.
Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at a price of 25 cents per share for a period of 12 months from closing.
All the securities will be subject to a four-month hold period from the date of closing. A finder’s fee may be payable, in accordance with the policies of the TSX Venture Exchange. The private placement is subject to the approval of the TSX Venture Exchange.
Proceeds of the private placement will be used to advance the phase 2 exploration program currently under way at the Garland property in Labrador, Canada, and for general working capital.
We seek Safe Harbor.
© 2015 Canjex Publishing Ltd. All rights reserved.
Comment by Paul — September 9, 2015 @ 2:41 pm
EQT news:
stockwatch.com/News/Item.aspx?bid=Z-C%3aEQT-2310131&symbol=EQT®ion=C
Comment by Terry — September 9, 2015 @ 2:42 pm
Sorry, got a bit ahead of myself, looks like he re-priced at .125 🙂
Comment by Paul — September 9, 2015 @ 2:52 pm
D4, you seems negative on dbv situation, mind to elaborate?
Comment by Martin — September 9, 2015 @ 3:18 pm
EQT – There was a post on SH that the PP is already closed with the regulators and should be announced by end of day Friday.
Comment by Dan — September 9, 2015 @ 3:31 pm
GGI Is about to drill and DBV rigs are collecting dust? What about PGX? What’s the point of singling out DBV? Chad Norman Day grudge?
Comment by ConcernedCitizen — September 9, 2015 @ 3:42 pm
Dave, you were correct it was re-priced, just not as high. All good though as they also announced warrants at 25 cents.
Comment by Dan — September 9, 2015 @ 3:54 pm
NPH up on some good volume today, any thoughts?
Comment by Sam — September 9, 2015 @ 5:00 pm
Do not think that GGI will drill if DBV can not drill because blockade!
Comment by Guy Delisle — September 9, 2015 @ 5:02 pm
Hi all:..re: GGI
I’m usually up on things re: ggi but this nugget went through my mesh: have you seen the Grizzly Central outcrop sample (from Aug 2015) on their website? One word: Wow.
garibaldiresources.com/s/Photo_Gallery.asp?ReportID=604184
Comment by FrankNS — September 9, 2015 @ 5:09 pm
Dan, with the re-pricing and the .25 warrants, they can let her run now. .21 to .22 close tomorrow.
Sam – NPH is a quality company and will do real well by years end, but EQT is going to go here.
Comment by dave — September 9, 2015 @ 5:25 pm
EQT – There are some rumors the drill started turning today, BUT this is just a rumor.
Dan, did you read the post on SH about the something better than the xr,analyzer
Comment by dave — September 9, 2015 @ 5:28 pm
Dan, forget the fly at the Garland, wish I were the drill bit. That would hurt some though.
Comment by dave — September 9, 2015 @ 5:47 pm
Guy, the day I have bought wrr, I had three stock in mind, adding some GGI at 7.5 cent , buying some GCU at 11 cent or WRR. I went for WRR beacause I have spoke with Michel and he seem credible and have a lot of faith in is projet. Lets hope drilling start in ten days from now. Grade should be there, width also! It as a 4 km prospective corridor!
Comment by Martin — September 9, 2015 @ 5:48 pm
Martin with a face of 20.6 ounces per tons in the A tunnel I’m very confident with the result !
Comment by Guy Delisle — September 9, 2015 @ 6:16 pm
Something is going on with DBV because it shouldn’t take two months to get action against the Chief.
Comment by Les — September 9, 2015 @ 6:29 pm
Dan, maybe this is a new PP after all. We should find out tomorrow. I am hearing that they can let it run though, so we will see.
Comment by dave — September 9, 2015 @ 8:01 pm
This is a new PP, note that it’s all HARD dollars. I suspect the first one has been finalized. This one must be pretty well all spoken for. EQT is hugely cashed up. To do $2 million in a hard dollar financing, speaks volumes about what’s unfolding here.
Comment by Jon - BMR — September 9, 2015 @ 8:34 pm
Jon
forgive my ignorance
does a hard dollar financing mean no warrants, just straight shares?
thanks
Comment by Greg — September 9, 2015 @ 9:50 pm
No problem, Greg….the “hard dollar” reference simply means non-flow-through. There are warrants attached – each unit includes a share at 12.5 cents and one share purchase warrant, good for only 12 months, with an exercise price of 25 cents (that could bring in an additional $4 million later on, if all these warrants are exercised). The previously announced financing was mostly flow-through.
The big boys are loading up and going for the home run here.
Comment by Jon - BMR — September 9, 2015 @ 10:13 pm
Dave, no I didn’t read the post on SH about something better than the XRF analyzer. Must have missed that one.
Comment by Dan1 — September 9, 2015 @ 11:19 pm
Dave- I went through all the posts starting at 5pm on that day and didn’t pick up what it was either.
Comment by D4 — September 10, 2015 @ 4:27 am
rockstone-research.com/index.php/en/research-reports/396-Kingsley-Arrives-at-Equitas-Garland-Base-Camp
Comment by George Charocopos — September 10, 2015 @ 4:53 am
rockstone-research.com/index.php/en/research-reports/396-Kingsley-Arrives-at-Equitas-Garland-Base-Camp
Comment by D4 — September 10, 2015 @ 5:04 am
Dave- I got it now….better than XRF analyzer…..the set of eyes of one of the first guys to see the core of the discovery hole that come out for Robert Friedland’s Diamond Fields……
Comment by D4 — September 10, 2015 @ 5:12 am
Jon, sounds like D4 has some information indicating issues still lingering with DBV – and drilling might not be happening for a while yet. Anything to add from your investigations? I have to admit, my faith in this project is starting to wane.
Comment by Steve A. — September 10, 2015 @ 5:15 am
Dave .. I do recall reading it and it implied that
nickel cannot be analyzed with accuracy, with these
devices. It also implied that a geo. with Voisey ore
experience, inspecting the core, can tell fairly accurately
at a glance.
Comment by Bob — September 10, 2015 @ 5:17 am
Steve, keep the faith…there has been a lot of misinformation circulating about DBV and the Chad Day situation…I’m being patient and giving DBV a chance to lay everything all out, and then we can all assess from there…Dr. Razique is working on a world class system…keep in mind that those who lost faith in DBV in 2013 and 2014 (and there were quite a few) were proven wrong…
Comment by Jon - BMR — September 10, 2015 @ 5:25 am
Don’t lose faith in DBV….we will get through this…
Comment by D4 — September 10, 2015 @ 5:33 am
added more EQT
Comment by D4 — September 10, 2015 @ 5:34 am
D-4 – correct. Dan LEE, he made Friedland the icon he is.
He was a late addition walk on and will be made a member of the team and announced, well he already was in the pic by Kingsley, but officially announced in a PR. He looked at the core at voisey’s drilling and was able to tell what the grade would be. The guy eats, smells, and sleeps nickel. Looks like EQT may take a breather here today which is good for the TA to unwind a little.
Comment by dave — September 10, 2015 @ 5:56 am
Oh, Jon is correct. This is a new financing. I was wondering why the insider selling was going last week when I was kinda sure the first one was done money wise, now we know. I believe it was till fill this second PP. I believe it is filled already.
Should not long now before that bit hits the dirt.
Comment by dave — September 10, 2015 @ 6:06 am
Dan Lee, yes I reviewed his resume. Very impressive and interesting he is on the ground at the Garland. All these big name people are here for one very good reason. They gotta believe they are on the cusp.
Comment by Dan1 — September 10, 2015 @ 6:17 am
EQT – Raymond Goldie dedicated his book “Inco comes to Labrador” to Dan Lee – impressive.
Comment by dave — September 10, 2015 @ 6:34 am
EQT On Sale. I bet we see another strong close for the 5th day in a row. I’m calling .185-.19 close.
Comment by BigRig — September 10, 2015 @ 6:45 am
Bigrig – she may correct a little here, very healthy for the next move up.
Comment by dave — September 10, 2015 @ 6:47 am
I forgot to mention yesterday, I sold my position in PE as it was a correction candle the other day. I will watch the TA and see where she settles.
Comment by dave — September 10, 2015 @ 6:51 am
Jmo,but this will only close next week.Doesn’t mean we can get the stock any cheaper than this.The strength in this stock is amazing.
Once these PPs are taken care of,this is going to explode.The team these guys have is like an NHL all-star team.Just keeps getting better.
It appears they have a lot of holes to fill in this story that will be filled by Sean Kingsley,their IR person.I have a feeling the promotion they are about to unleash will at some point lead to a parabolic run.
They are adding all the pieces in order to move the stock price.
I wonder how many shares the insiders have bought on the open market in order to cash in on the way up,just to make sure they win outside the 4 month holds they are stuck with in these PPs…just in case.
It would be done through other members of their families,so no way to see by who’s buying,but all the selling is getting covered,and they wouldn’t leave anything to chance at this stage.They know the stock is about to explode before the 4 month holds ever come due,and no one knows what is really down there…yet.
Comment by jim niles — September 10, 2015 @ 6:54 am
PE has a hole to fill around .69-.70.Imo,PE is a surefire winner that will follow in ZEN’s footsteps.
Comment by jim niles — September 10, 2015 @ 7:02 am
Jim – I agree. Exciting times ahead for this stock. 9 super targets identied by Goldie, can’t miss on all of them. All it’s going to take is one big hit.
Comment by dave — September 10, 2015 @ 7:08 am
Jim Niles, insiders already own 55% + of shares and im sure they were buying the current PPs. So that tells you something.
Comment by George Charocopos — September 10, 2015 @ 7:14 am
EQT – so there are 2 PP’s then??? the 2 mill one isnt an extension of the first one?? its all a bit confusing
Comment by Jeremy — September 10, 2015 @ 7:39 am
Yes, 2 PP’s, Jeremy. First one was mostly flow-thru, and some hard dollar. This new one is all hard dollar. I’m guessing they would not have announced this 2nd PP if the first one hadn’t been closed off and sent in to the Exchange.
Comment by Jon - BMR — September 10, 2015 @ 7:51 am
good morning:) thank you for the clarity Jon … appreciated… sorry if I had missed the info before..
Comment by Jeremy — September 10, 2015 @ 7:54 am
I wonder if they’ll feed us something going into the weekend?Not saying they will,but wouldn’t it be a shrewd move if they just tweeted something simple to keep the tail wagging?This is the kind of spot we see if IR will be used correctly in a play like this.
This is where we see if Hardy uses his vision for where the stock can go,or he’s just another good CEO who never took that next step with the stock price.
I know they are reading this board and Stockhouse.This is a shot at you,boys!Are you big dreamers or just another run-of-the-mill play?How would Murray Pezim have played this with social media in his hands?It can go to .30 or it can go into the dollars.This a chance in a million because their other properties couldn’t raise a dime on interest.Let’s see if they are truly up to the challenge.
Most companies fail to figure this part out properly.
Comment by jim niles — September 10, 2015 @ 8:06 am