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Junior Mining Triple / Development Co's ready to turn higher ?


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Junior Mining Triple Play

/ Development Co's under pressure... ready to turn higher ?
Three: AXM (Axmin), BAJ (Baja) , FCO (Formation)
=======================================

There are many more like this, but here are three - on the same chart.
They have all fallen by similar percentages - all down more that 80% from early 2010,
and MORE from their peaks

AXM (Axmin), BAJ (Baja) , FCO (Formation) .. update : w/CF - See Links to individual charts, below

axm.gif

Summaries:
=============== : Price-$ : Shs-OS : MktCap :
AXM (Axmin)------- : $0.135 : 63.27M : $ 8.54M :
AXMIN is a Canadian-based gold exploration company with projects and exploration properties in Central African Republic, Senegal and Mozambique. AXMIN is positioned to grow in value as it progresses its Passendro Gold Project towards development and builds on its project pipeline focusing on transitioning from an explorer to producer.
AXM: http://www.axmininc.com/site/ : BB

BAJ (Baja Mining) : $0.105 : 340.2M : $ 35.7M :
BAJA Mining Corp is a mine development company, which through its subsidiary Minera y Metalurgica del Boleo S.A. de C.V., owns a 49% interest in the Boleo copper-cobalt-zinc-manganese project.
BAJ : http://www.bajamining.com/ : BB

FCO (Formation)-- : $0.255 : 90.89M : $ 23.2M :
FORMATION Metals Inc. is engaged in the acquisition, exploration, and development of mineral resource properties. The Company's principal property is its Idaho Cobalt Project at the permitting stage in east-central Idaho. In Kellogg, Idaho Formation Capital owns the Sunshine Precious Metals Refinery, which processes silver content feed from third-parties in the mining industry. The Company also holds exploration-stage properties in Mexico, and holds interests in exploration-stage uranium properties in Saskatchewan.
FCO: http://www.formation....com/s/Home.asp : BB
=====

LIST, dev'lpmt co's
=============== : Price-$ : Shs-OS : MktCap :
AXM (Axmin)------- : $0.135 : 63.27M : $ 8.54M : 3yrs : 6mos : 10day
BAJ (Baja Mining) : $0.105 : 340.2M : $ 35.7M : 3yrs : 6mos : 10day
FCO (Formation)-- : $0.255 : 90.89M : $ 23.2M : 3yrs : 6mos : 10day
CZN (Cand'n. Zinc) : $0.420 : 164.0M : $68.9M : 3yrs : 6mos : 10day

Stockhouse : http://www.stockhouse.com/

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Actually, I expect that one or more of these stocks could triple.

 

Can you choose the right one? Maybe AXM ?

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Can you choose the right one? Maybe AXM ?

 

Whoops, AXM is in the Central African Republic ...

 

(From Mike Harris's radio show):

Today's guest was Alex Powers discussing the coup d'etat in the Central Africa Republic, and the situation in that country and it's effects on trade and other issues affecting the USA especially the 2nd Amendment'

 

Hour1 - Download / Hour2 - Download

 

00201226:e9019e0d81c03c962b643623c184a3ba:arc614x376:w290:us1.jpg

 

Central African Republic: Rebels Repeat Call for President to Step ...

AllAfrica.com-13 hours ago

Rebels in the Central African Republic have repeated their demands that any peace deal must include President François Bozizé stepping ...

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All junior mining companies and exploration companies have been killed. Kapow! The familiar downtrend exists on any junior chart I care to look at - name any junior anywhere in the world and the chart will look like that. I had to cut my losses on those a while back, and the falls have been punishing for those who have held, e.g LSE:RGM - I think I will wait until the CRB index makes new recent highs. But good luck on those.

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That's true enough.

 

But you can probably make some good money now, if you can find the "gems" amongst the ashes

 

Feel free to list your favorites here - early Jan. is often a good time to buy these stocks, especially the Canadian Juniors

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AXM seems to be moving off the lows, despite CAR coup news.

 

And all three stocks may become a BUY, if CDNC flashes a Major BUY signal in coming days

 

CDNX is flirting with giving a MAJOR BUY signal ... update-2yr : 1 year : 3yr : 5yr (w/o GDXJ)

 

cdnxgdxj.gif

 

That would come if it could Punch above the 55d-MA, confirmed by then also pushing about the 76d-MA,

and turning these MA's positive.

 

This Signal has worked very well in the past.

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I think LSE:PAF is worth a look, a gold miner junior/mid tier in South Africa - I only have an investment position left after my trading position got stopped out recently. It's trading sideways still, after the downturn in this sector, so holding up well and still a buy for the longer term hold. It has recently acquired another gold mine, and aims to double it's production.

 

Chart http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=uk%3apaf&uf=0&type=2&size=2&sid=177258&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=9&rand=358178701&compidx=aaaaa%3a0&ma=1&maval=30&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1

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Almost forgot LSE:IOF - iodine mine development in the UK. Although we're a bit late for the party on this one at 105p right now. the stop would be far away facing nearly a 50% draw-down.

 

Chart http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=uk%3aiof&uf=0&type=2&size=2&sid=3194514&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=9&rand=1457384973&compidx=aaaaa%3a0&ma=1&maval=30&lf=2&lf2=1&lf3=0&height=444&width=579&mocktick=1

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Add to CZN list?

 

=============== : Price-$ : Shs-OS : MktCap :

CZN (Cand'n.Zinc) : $0.420 : 164.0M : $68.9M :

 

I am not going to get too excited about this one, because the Market Cap is so much larger than the other three.

Maybe I should look at VGM.L, where CZN has a good-sized stake.

 

CZN.t / Canadian Zinc ... 3 years : 6mos : 10day

czn.gif

 

Canadian Zinc Corporation: Permitting Progress for Prairie Creek Mine

Reuters - 5 Hours ago

Marketwire Canadian Zinc Corporation January 8, 2013 - 06:00:00 AM VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2013) - Canadian Zinc Corporation (TSX:CZN)(OTCQB:CZICF

 

About Canadian Zinc

Canadian Zinc is a Toronto-listed exploration and development company. The

company's main project is the 100%-owned Prairie Creek zinc, silver and lead

project located in the Northwest Territories, Canada. The Prairie Creek

Project contains a Mineral Reserve of 5.2 million tonnes averaging 9.4% zinc,

9.5% lead and 151 g/t silver. In addition, Prairie Creek hosts an Inferred

Resource of 6.2 million tonnes averaging 14.5% zinc, 11.5% lead, 0.57% copper

and 229 g/t silver. (AMC Mining Consultants (Canada) Ltd. J M Shannon and D

Nussipakynova, Qualified Persons, June 2012).

 

CZN / FCO: http://www.formation....com/s/Home.asp : BB

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For now, my "triple" is Axmin, Cosigo and Kimber.

 

Axmin is a dog, but my losses are close to 100%, so why sell? :lol: Cosigo is a permit play, as Frizzers puts it. And Kimber finally seems to have an NI 43-101 (and Jim Puplava on board).

 

I sold Gold Bullion Dev. recently, and Gold Resource Corp. (GORO) as well, after reading this here :o : http://de.scribd.com...ou-Need-to-Know

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CF / Canaccord, a leading bellwether for the Junior Miners says, "Get Long!"

 

(ie it has broken a downtrend, and is "pointed up")

 

CF/Canaccord versus various ... update

 

cfcdnx.gif

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I picked up some AXM shares, on this week's dip

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I think LSE:PAF is worth a look, a gold miner junior/mid tier in South Africa - I only have an investment position left after my trading position got stopped out recently. It's trading sideways still, after the downturn in this sector, so holding up well and still a buy for the longer term hold. It has recently acquired another gold mine, and aims to double it's production.

 

Chart http://bigcharts.mar...=579&mocktick=1

 

Hi NANM,

 

I wonder if you would like to start a UK-quoted version of this thread, or maybe a Diary focused on UK stocks?

I think it would build a good following here - in this section. And it might be moved to the UK section later,

which is still a little quiet, these early days of 2013.

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I will expand on PAF; http://www.greenener...showtopic=17279

 

Pan African Resources -

 

http://www.panafricanresources.com/

 

Currently 19.50p

 

MKCap = £283m

Shares in issue = 1.8bn

 

paf.JPG

 

 

I think LSE:PAF is worth a look, a gold miner junior/mid tier in South Africa - I only have an investment position left after my trading position got stopped out recently. It's trading sideways still, after the downturn in this sector, so holding up well and still a buy for the longer term hold. It has recently acquired another gold mine, and aims to double it's production after a rights issue. They are profitable, and not a "lifestyle AIM company" / junk basket case; Tom Winnifrith also likes this one; http://tradingresearchpoint.co.uk/2012/11/23/pan-african-rights-issue-news-can-we-build-on-a-644-gain/

 

--

 

Advfn chatter thread http://uk.advfn.com/...hp3?id=11167530

 

Post 7735

 

http://www.insidermo...n-was-jpm-4031/

 

 

Alec Litowitz’s Magnetar Capital < who are we dealing with; their short position disclosure 24/12/2012 http://uk.advfn.com/...rticle=55590855 It must be hedging a long position as they claim to be long term investors rather short term traders on their strategy page of their website. Can someone confirm? Despite being based in the US, they have a London office, so they must read this board.

 

Gold miners aren't a major holding - more energy http://www.insidermo...and-more-18372/

---

 

I'm just watching and waiting now (trading wise).

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  • 2 weeks later...

 

 


CZN (Cand'n. Zinc) : $0.420 : 164.0M : $68.9M : 3yrs : 6mos : 10day
Stockhouse : http://www.stockhouse.com/


Canadian Zinc Corporation: First Operating Permit Received for Prairie Creek Mine:
Reuters - 4 Hours ago
Marketwire Canadian Zinc Corporation January 28, 2013 - 06:00:00 AM Canadian Zinc Corporation: First Operating Permit Received for Prairie Creek Mine: Water Board Issues Land Use Permit for Winter Road

CZN : $0.60 Change:
arrow_unch_sm.gifUNCH

UP almost 50% since first mentioned here
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  • 11 months later...

Maybe I will have more luck with these three: Pan Am Gold, Toma Gold, and Wallbridge - they look as if they have bottomed

 

Stock- : Latest : ShsOS : MktCap / Low$ : High :
=====
MXOM : USD : $.054 : 100.3M : $ 5.41M / .027 : .235 : $.208 / 13.0%
LOT.v -: CDN : $0.15 : 068.2M : $ 10.2M / .085 : 0.41 : $.225 / 28.9%
WM.t - : CDN : $.105 : 162.3M : $ 17.0M / .045 : 0.15 : $.105 / 57.1%

(DM shs.) ---- : $0.84 : 10.1Mn : $ 8.48M /
DM.t -- : CDN : $0.84 : 100.0M : $ 5.00M / 0.73 : 2.35 : $1.62 / 6.79%

 

 

MXOM / Pan American Gold ... 3-yrs-W : 6-mos : 10-days

xszh.png

 

LOT.v / Toma Gold ... 3-yrs-W : 6-mos : 10-days

izht.png

 

WM.t / Wallbridge Mining ... 3-yrs-W : 6-mos : 10-days

u1zl.png

 

I own all three, and have some small profits in two of them

 

WM has a big stake in this one:

 

DM.t / Duluth Metals ... 3-yrs-W : 6-mos : 10-days

plt4.png

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Evaluating a Wallbridge > Duluth Metals swap

 

RATIO = DM / WM : now at 8.00, down from 28.0

 

/ Wallbridge currently retains 10.1 million shares of Duluth Metals (8.1%) /

 

t218.png

 

Compare: DM.t with WM.t ... update : with-NSC

d1v.gif

 

The second chart shows that it was mainly a big rise in WM.t that drove the ratio higher.

What's going on?

 

NEWS Headlines : update : $.105 : x 162.3M shs = $ 17.0M MktCap - $8.5mn (10.1m DM shs) = $8.5 Mn. Net

===============

December 17, 2013 : Wallbridge announces amendment to its North Range Joint Venture with Lonmin

December 12, 2013 : Wallbridge Announces Milling Arrangement for Broken Hammer

November 26, 2013 : Wallbridge Announces Proposed Miocene/Carube Merger

October 10, 2013 ... : Lonmin Commits $3.1M for Platinum Exploration on Wallbridge Joint Ventures

September 18, 2013 : Wallbridge Mining updates on its Broken Hammer Project

August 13, 2013 ..... : Wallbridge Mining Provides Mid-Year Exploration Update

 

Based on the timing of News announcements, and the stock price moves, it looks like the Broken Hammer milliing arrangement is the big driver here.

 

In this announcement from Jan.2013, it was already mentioned as a key project:

 

At the Broken Hammer copper and PGE project, Wallbridge announced positive results from a prefeasibility study in October, 2012 (see Wallbridge Press Release dated October 16, 2012). The project has a 12-month life with an Earnings Before Taxes, Depreciation, and Amortization ("EBITDA") of $8.4M generating an NPV of $6.0M. Wallbridge is currently working to secure permitting as well as processing and mining contracts for production in 2013.

 

(From the very recent, Dec.12th report): ...primarily a copper and platinum group elements ("PGE") deposit:

 

"We are excited to have completed another important step towards the development of the Broken Hammer deposit. Most permits are in place and negotiations with copper smelters and mining contractors are going well. Once these other facets of the project are in place, which is expected to be in early 2014, a production decision will be made to start construction in March 2014 with the expectation of ore delivery in May 2014, immediately after the half-load restrictions in Northern Ontario are lifted," Marz Kord, President and CEO of Wallbridge stated, "At today's metal prices we expect the project to proceed in late Q1 2014 and start generating cashflow in Q2-2014, that Wallbridge can put towards exploration opportunities at Broken Hammer and elsewhere in Sudbury".

=====================

 

Share ShsOS : 12/12-MktCap : 06/13-MktCap: 12/13-MktCap : Jan.-15, 2014

==== : ======

WM.t : 162.3M : $0.130-$21.10 : $0.065-$10.55 : $0.080-$12.98 : $0.105-$17.04
DM.t-: 10.10M : $2.400-$24.24 : $1.380-$13.94 : $0.780-$07.88 : $0.840-$08.48
Ratio>NETval. : R18.5> $-3.14 : R21.23>$-3.39 : R9.75>+$ 5.10 : R8.00>+$8.56

At the end of those prior periods, WM was trading at a DISCOUNT to the value of its holdings in DM. As of yesterday, it was at a $8.56 Million premium. That's a big swing.

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