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drbubb

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Everything posted by drbubb

  1. Others that specialise in Juniors and early stage companies include: Canadian : Lawrence Roulston, Ian Gordon, Coffin Brothers ... Aussies... : Warwick Grigor ...will add more names as I think of them
  2. Battle Mountain Gold Exploration (BMGX-BB) : A ROYALTY CO. MarketCap: $42.9 Million = 77.3million shs x $0.60 ($46.4mn -$3.5mn from X) prev. 42.5 + 12 + 11.4 x2 = 77.3 mn f.d. after royalty transaction ? NOTE/ Issued: 11.4 million units at $0.31 cents/unit. Each unit is comprised of one common share and one full warrant exercisable at $0.31 cents. The remainder of the purchase price was funded by the issuance of a $2,000,000 exchangeable subordinated secured debenture and 12,000,000 common shares to IAMGOLD Corporation Daily Weekly ... update : Daily chart About BMGX Battle Mountain is a gold royalty company headquartered in Reno, Nevada. Battle Mountain has a diversified portfolio of thirteen producing, developing, and exploration gold royalties in seven gold producing countries. ROYALTY PROPERTIES================= Low Risk, High Value Royalty Income Battle Mountain is building shareholder value by developing a portfolio of royalty interests through acquisitions and exploration. Battle Mountain presently has Net Smelter Return (NSR) royalties on eleven properties, as detailed in the table below. Click on each property to link to the operators' property websites. Mine Asset====== Location==== Operator===== NSR Rate Williams (Hemlo)..... Ontario..... Barrick, Teck 0.72% El Limon/La India..... Nicaragua... Glencairn.... 3.00% Don Mario............... Bolivia..... Orvana....... 3.00% Dolores*................. Mexico...... Minefinders.. 1.25% Joe Mann................. Quebec...... Campbell..... 1.50% Sequenega Property. Burkina Faso Orezone...... 3.00% Relief Canyon.......... Nevada...... Newgold...... 4.00% Lluvia De Oro Mine... Mexico...... Private...... 2.00% Night Hawk Lake...... Ontario..... Night Hawk... 2.50% Marmato................. Columbia.... Private...... 5.00% Vueltas de Rio Mine. Honduras.... Rio Narcea... 2.00% * Mine Plan calls for a mid-2007 start date Compare with MarketCap of key companies... Base Multiplier x10 Symbol ShsOS x Price = MktCap : NSR % x 10 PctxMkCp : Deposit MFL.t: 47.7m xC$10.00= $ 423m : 1.25% 12.5% $ 42.3m : Delores ORV.v: 114.7 xC$ 1.38= $ 158m : 3.00% 30.0% $ 47.5m : DonMario GGG.v: 171.m xC$ 0.74= $ 127m : 3.00% 30.0% $ 38.0m : ElLimon COL.v: 61.5m xC$ 0.63= $34.6m : 2.00% 20.0% $ 06.9m : LvdeOro =====: ===== ========= ====== : =========== ======= : 3 co's ..... ......... ...... : ........... $134.7m BMGX-: 77.3m x $ 0.61= $47.2m : 47.2/134.7= 0.35x10 : 3.5Multiplier
  3. drbubb

    SPX-to-Gold and Dow-to-Gold ratios

    woke up to find... Dow up big, but Gold rose more, so the Ratio was lower than I left it: SPX Ratio: 1363/ 574.9 = 2.371 (was 2.378) .... Gold ounces to Buy the SPX Dow Ratio: 11,948/ 574.9 = 20.78 (was 20.88) So if I bought my puts a bit too soon, it's okay. I am much more long gold, and that side is winning
  4. drbubb

    Yesterday's Minesite Forum

    looks like they are getting set to break out- but will need some volume to do so properly
  5. Yikyak's Newmont chart (from Advfn); NEM right on support now
  6. drbubb

    Yesterday's Minesite Forum

    In other words, "Our projections were wildly optimistic" It will take time to restore credibility
  7. drbubb

    Yesterday's Minesite Forum

    I like FR, and have owned it in the past Keith N. seems a straight shooter, and he has been involved in building sucessful companies in the past. The market has really punished the company in the past few months. I would want to look deeper into what had caused that. But is the story is intact, it is probably a Buy here I will probably buy some shares in a company called Great Panther (v.GPR) today, if I can get them cheaply enough = = = THIS IS POSITIVE - but the amount is small SUBJECT: More insider buying within FR Posted By: CRBBULL Post Time: 10/3/2006 20:49 First Majestic Resource Corp. (FR) As of October 2nd, 2006 Filing Date Transaction Date Insider Name Nature of transaction Securities # or value acquired or disposed of Unit Price Oct 02/06 Sep 27/06 Davila, Ramon 10 - Acquisition in the public market Common Shares 20,240 $2.710 @: http://www.stockhouse.com/bullboards/viewm...0&TableID=0
  8. drbubb

    Gold: the Bull's thread

    BULL OR BEAR? Differing views at the Hong Kong Conference... ========= "....Over the three days, we will see most of the worthies in the world of gold. The first day included some star speakers, such as Doug Casey, Frank Veneroso, James Turk, and Ian Gordon, amongst others. Casey's talk opened the morning session, and was not for the faint-of-heart. He spoke of the trillions of US dollars that were overseas. These would eventually be exchanged for other assets when their foreign holders dump them. And this would trigger a collapse in exchange value of the dollar, increased inflation in the US, and other headaches. He seemed comfortable talking about gold at US$2,000-3,000/oz, world war three, and the possibility of nuclear bombs being brought into New York harbour one day. Chilling, but familiar territory, for many gold bugs, I suppose. The Hong Kong audience did not seem shocked, even if it was new to them. Frank Veneroso's talk was a surprise to me. He is not in the bullish camp. Using a more academic approach than Doug Casey, he displayed rows of figures showing jewellery and bar-hoarding demand over the past ten years. A decade earlier, he had forecast big future increases in Far Eastern demand, counting on investors in these areas consuming more jewellery, as they got richer. This has not happened. Exploding incomes in China, Hong Kong, and Taiwan, have been accompanied by a fall, not a rise in demand. And the oft-cited commodities supercycle has only brought a 2 per cent/annum rise in copper demand. The explanation Veneroso had for the rise in prices was: Hedge Funds. He presented a chart showing a tripling of commodity derivatives on the books of US banks between 2004 and 2005. He said this big jump was due to speculative demand coming from Hedge Funds. The recent US$6 billion loss reported by Amaranth showed how huge the positions controlled by hedge funds had become. His main fear was that a future collapse in copper prices- similar to what we have seen in recent weeks in the natural gas market- would spill over into silver and gold. Ironically, he said that gold is likely to fare better than the other metals, because Central Bank intervention had kept gold prices down. In a metals slide we could see short-covering by Central Banks, and this meant that gold's fall could be limited. Jim Turk was the most articulate of gold bulls. He entitled his talk, “Gold's Inevitable Climb to US$1,000/oz.” His charts showed that gold is in a bull market that goes back to the late 1960's, and the prices falls of the eighties and nineties are nothing more than a two decade correction to a longer uptrend. Drawing comparisons with the seventies, he said the current rally has further to go to catch up with the moves of thirty years earlier. The main problem is the excess printing of money, to cope with various financial problems. Like Casey, he sees a big fall in the dollar, and the possibility of hyperinflation, if the Fed is unwilling to take the pain of deflation. The end of reporting of M3 money supply data is a clear sign to Turk that the Fed wants the freedom to keep printing without much scrutiny by the markets. Philip Koetse, Axel Merk, and Ian Gordon put forward generally upbeat presentations on gold. Gordon made his usual Long Wave presentation, and answered a question raised by Frank Veneroso, why has demand for gold not risen much amongst Far Eastern investors? His answer was that they are still making big money on their paper assets. The Hong Kong Stock index is hovering at just below 18,000, less than 1 per cent below its all-time high from 2000. Falling stock prices, and fear, would drive investors back into gold, he said." ...MORE: http://www.minesite.com/storyFull5.php?storySeq=3854
  9. drbubb

    The Coal Thread

    Wow. Look at that move in Energy stocks XLE : 52.87 Change: +0.97 Percent Change: +1.87% Coals stocks had a huge day Massey (MEE) : 22.90 Change: +2.07 Open: Percent Change: +9.94% Oil was down, so this may be an indication that investors think we will not see any further falls in oil, and an energy rally is beginning
  10. drbubb

    Late August Watch-list

    Worth adding?? Etruscan (EET.t) ... update : buy below $3.00?? chart Eldorado Gold (ELD.t) ... update : chart
  11. drbubb

    Moonshot Metals

    at a minimum, i would expect 50% or more of that big gain to get retraced
  12. Here's a professionally managed fund... chart ... update : advfn thread An application has been granted for the original listing in the industrial category of up to 13,846,140 trust units and up to 6,923,070 trust unit purchase warrants of Canadian Income Management Trust, of which up to 6,923,070 trust units and up to 6,923,070 warrants will be issued and outstanding, and up to 6,923,070 trust units will be reserved for issuance upon completion of a public offering. Listing of the trust units and warrants will become effective at 5:01 p.m. on Monday, Feb. 20, 2006, in anticipation of the offering closing on Tuesday, Feb. 21, 2006. The trust units and warrants, other than those which have not been distributed to the public, will be posted for trading at the open on Feb. 21, 2006. Each warrant will entitle the holder to purchase one trust unit at $2.60 until Feb. 28, 2012. Canadian Income Management Inc. C$ Million (Maximum Offering) 7.0% Unsecured Subordinated Debentures Price: C$100.00 per Debenture - - Canadian Income Management Trust C$ Million (Maximum Offering) Trust Securities Price: C$2.00 per Trust Security - - Offered in Bundled Units of 1 Debenture and 15 Trust Securities Price: C$130 per Bundled Unit Minimum Purchase: C$3,250 (25 Bundled Units) NOTE: TSX Listing: An application will be made to list the Debentures, Trust Units, and Warrants on the TSX income trust universe billions...../ 1997 /1998 /1999/ 2000/ 2001 / 2002/ 2003/ 2004/ 2005/ market cap.. : 18. : 16. : 17. : 21. :. 29. :. 41 :. 76 : 114 : 172 : no. of funds : 51. : 57. : 58. : 52. :. 62. : 101 : 136 : 173 : 224 : ................ : As at Sept.30, 2005 ................... ## : MktCap .. Pct Industrial & Energy 50 : 16.7bn .. 9.7% Consumer Goods..... 74 : 24.7bn . 14.4% Utilities & Infra.. 13 : 13.9bn .. 8.1% Resources........... 7 : 10.3bn .. 6.0% Power.............. 13 :. 7.6bn .. 4.4% Total Com'l & Ind. 157 : 73.2bn . 42.5% Oil and Gas........ 37 : 76.6bn . 44.5% REITS.............. 30 : 22.5bn . 13.1% TOTAL............. 224 :172.3bn . 100.% = = = = = LINKS: Description ...... : http://www.stockwatch.com...?bid=B-526329-C:CNM... Sentry Select page : http://www.sentryselect.com/index.cfm?prod...ents&id=131 (Unaudited) Date NAVPU 13-Jul-2006.. $ 1.54 29-Jun-2006.. $ 1.52 23-Jun-2006.. $ 1.37 13-Apr-2006.. $ 1.77 06-Apr-2006.. $ 1.81 30-Mar-2006.. $ 1.88 = = = Check out the NAV before you invest
  13. Perhaps you can see why I rarely invest in Gold Bullion or Major Gold miners... The risk / reward on investing in Juniors has been far better, partly due to the discount-plus-warrants structure of placements. This is particularly true if: + You get your timing right (using technical indicators, and seasonality), + You do a reasonable job of stock selection (assessing management, and using some tested valuation techniques), and + You use reasonable risk control: taking some prudent profits when stocks are over-bought, and not putting all your eggs in too few baskets. Have I missed any tips, or trading secrets that others on GEI use?
  14. (from Hornet Renewables' comment): Solar stocks were down hard as rumours and worries about future growth prospects as well as talk of falling margins ballasted the solar market. The bell -wethers: QCells, Solarworld, Evergreen Solar and Conergy were all down by over 10%. Most of the problem was caused by the Spanish Energy Ministry which published a draft bill during the week which proposed reducing the feed in tariff for PV systems to €0.33 per kWh, down from €0.44. We believe that these changes have been largely misunderstood by the market and are of the opinion that they will not have a significant effect on the growth prospects in the Spanish markets as the resulting changes will still mean that solar projects will have yields of 30% or more. We used this softness as an opportunity to buy select names at good prices.
  15. "Six miles or so is an entirely feasible distance to commute by bicycle" Depends on the temperature and the terrain
  16. Looks like the OIL LOW is now in place That nice bounce in the Stochastic is a confirmation of sorts
  17. (Soon available in Uk, Europe) Renewable Capital to License Konarka's Dye-Sensitized Solar Cell Technology Relationship to focus on manufacturing scale-up in Europe and commercialization of Konarka's dye cell technology Lowell, Mass. and London, UK – July 31, 2006 – Konarka Technologies, Inc., an innovator i developing and commercializing Power Plastic™ that converts light to energy, and Renewable Capital Ltd, an investment firm that identifies and invests in renewable technologies, today announced the licensing and joint development of Konarka's dye-sensitized solar cell technology for large-scale production. The agreement will further the commercialization of Konarka's dye cell technology by bringing on large-scale production capabilities. Renewable Capital has committed resources, capital and equipment to their development activities. This includes the enlistment of services from Coatema, a world-renowned manufacturer of first-of-kind coating equipment. "This is a key milestone in that Renewable Capital's investment validates the progress we have made in the development of high volume manufacturing methods for the dye sensitized process," commented Howard Berke, chairman and CEO for Konarka. "The non-exclusive relationship with Renewable Capital will enable for the large-scale manufacturing production and scale-up of Konarka's dye-sensitized solar cell technology. With this partnership, we are continuing to execute on our strategy to partner with leading global companies." @: http://www.renewablecapital.co.uk/breaking...a_7_31_2006.pdf
  18. Does this presentation make sense to anyone? Or does it need the verbal descriptions that go with it? t-ln: 13.oc: 211 = = = Diamondfields Resources was one of the most successful Junior Explorers ever. A book has even been written about it... Big Score: Robert Friedland, Inco, and the Voisey's Bay Hustle by Jacquie Mcnish Edition: Hardcover Availability: This item is currently unavailable. // 6 used & new from $134.15 Bigger than Life, July 29, 2001 Tremendous read for anybody who has an interest in this sector, or for that matter good business books. Good insights on the tactics used in making a deal for a world class deposit (at least in a seller's market). I started yesterday morning and couldn't put it down all day. My wife did make me walk the dog, and I took a few trips to frig, but was so engrossed I finished it all yesterday. That's saying something because I usually only finish about a fourth of the books I start. 2/ How to turn caribou pasture into a cool $4 billion, March 6, 2006 Reviewer: P. Preston (San Francisco) - Simply captivating and better written than a Canadian mining story has any right to be. About how a gang of off-beat penny stock mining promoters (led by Robert Friedland, ex-hippie ... and one time school chum of Steve Jobs) took some of the world's largest mining companies on a dizzying auction for some desolate caribou pasture that just happened to contain some of the richest ore deposits ever discovered. Bob Friedland is the loadstar of the story: a vain and loathsome character but brilliant as an auctioneer of fear and greed as he escalates the bidding into the stratosphere. This book contains some valuable lessons for executives and the stock buying public. For executives: have your temperature checked regularly for "deal fever": walk away when the bidding gets too intense, you're probably overpaying. For the public: Beware of (a promoter's) inside tips that (are used) to prop up an overvalued stock - you need a dynamic impressario with a "good story" and some theatrical "props". Brings to mind certain Silicon Valley impressarios.... 3/ Fascinating book. A must read., January 11, 1999 Reviewer: A reader Fascinating book. I knew nothing about Newfouldland/Labrador or penny stocks but the characters, the land and all the business dealings fascinated me. I couldn't believe this was non-fiction. A must read. @: http://www.amazon.com/gp/product/customer-...155&s=books
  19. This Question was asked on HPC: "where to the chinese get their money from to buy their oil ?" = = = My Response: The Chinese have been recycling their huge trade surpluses to the US, by purchasing US Treasuries, and securities issued by Fannie Mae and Freddie Mac. This recycling operation can be thought of as: + A huge vendor-financing scheme, allowing US Consumers to keep buying their products, + Has helped to keep US rates down, and the dollar up, + Has meant that China has built up huge reserves of dollars, which they could use to buy oil for many years Right now, the Chinese are taking their big banks public in Hong kong, and on other global markets. Once these banks have brought their credit and credit card systems fully up to date: They will be able to provide "vendor finance" to their own people, and will ahve less need to finance consumers in the US This could be months away rather than years. In fact, there is evidence it has already started Note that, the Chinese have realised that it will be harder to get the US to "use their homes as ATMs" when US house prices were falling. So they have felt some urgency to get their banks restructured and refinanced before the Property slide started in the US. They have pulled it off, and the renminbi is starting to appreciate, and hit fresh highs this past week. - - (from another section): "Since the breakdown of Bretton Woods in the early 1970's and the end of the gold standard, the dollar has become the international reserve currency. The 20 years prior to 1970 international reserves increased only about 55%, but since 1970, with the adoption of the dollar standard, reserves have increased over 2,000%. This is primarily a result of US current account deficits, which last year ran about $600 billion - about 3% of GDP. Asian central banks hold about $2 trillion US dollar-denominated reserve assets. This surge in international reserves has created huge imbalances ...
  20. drbubb

    The BP thread

    There's often negative analysts commentary on/near important lows
  21. "proposal put forward a few months ago to move London's main airport from Heathrow to the Thames Gateway, and build a new suburb on the site of Heathrow (complete with excellent transport links)." Visionary stuff- i like it Could be great if they built along New Urban-ist lines see: http://www.newurbannews.com/indexbody.html http://www.newurbanism.org/ :: "The revival of our lost art of place-making, it is essentially a re-ordering of the built environment into the form of complete towns. New Urbanism promotes these ideals..." = = = Some great charts on that link, Stobar Here's one: http://www.eia.doe.gov/pub/oil_gas/petrole...ply/figure3.jpg
  22. " The capital costs of modern railways are WAY higher than in the 19th century." Land values are way higher too. I believe that this grant of land development rights, has been one of the secrets of success of the MTR in Hong Kong, which has built more mass transit rail lines to once-remote locations, like Lantau Island. This is a formerly sparsely-populated island, which now includes: + A large international airport (that I can see outside my window) + Hong kond Disneyland, which is two MTR stops away + A new, and attractively designed city of high rises on the coast To me, this seems a model of what could be done around a new airport development somewhere in the UK. Many of these new airports are remote, outside the major cities. If you take the land beyond the new airport, it is still cheap and underdeveloped. You could built New Urban areas along a new subway line, where the force driving the development would be a combination of intelligent design, and property development speculation Takes vision, and leadership, which is sorely lacking. Anyone know Richard Branson?
  23. excerpt: Bank of France blamed for gold sell off By Ambrose Evans-Pritchard (Filed: 05/10/2006) Central banks may have dumped far more gold on the markets over the last three weeks than officially reported, accounting for the sudden plunge in prices that has stunned investors. Barclays Capital said Europe's banks had sold an extra 100 tonnes from reserves in a rush to meet a quota deadline on September 26, but had done so by selling through forward contracts that disguised the effect. advertisement"We have been able to infer this from trading patterns. It has had a major impact on the markets," said Costanza Jacazio, the bank's gold expert. Barclays is one of the world's three top bullion traders. "We suspect that the Banque de France has been involved," she said. The huge sales would help explain why gold's brutal fall from $640 an ounce in early September to $559 this week, an effect compounded in recent days by hedge fund liquidation. It was up slightly yesterday at $569.75 in New York trading. = = IRONIC, IF TRUE ...since it was France's buying decades ago which helped to trigger the rush to $850 in 1979-80
  24. (i received this from GFMS): As forecast in mid-September's Gold Survey Update 1, sales by the signatories to the Central Bank Gold Agreement (CBGA) ended up far short of their annual 500 tonne quota at just 393 tonnes. This confounds market speculation during much of September that there had been a last minute rush to sell gold before the end of the second Agreement year (on 26th September) and that this was responsible for the period's price weakness. Looking ahead, GFMS also see little reason to alter their belief that sales under the remainder of the Agreement are unlikely to reach quota either on an annual basis or for the full five year Agreement period. We are perhaps on the threshold of an era of more moderate net official sector selling. A detailed press release has been attached. If you have any further questions, please contact GFMS on +44 (0) 20 7478 1777 = = SO WHO were the sellers? i suppose it was hedge funds, who had stops at/near $600
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