Well. That 80.5M outstanding shares doesn’t hurt.
Just checking in to let you all know I didn’t drop dead. Besides being a little busy lately, the charting software I’ve been using, which is free, dropped all of the TA I had drawn on them and it’s a bit of a drag to have to go through and put it all back up. When I get motivated and have the time I’ll take care of it and get back to posting.
4 Likes
Thanks for the heads up, bought some MTS, nice run up!
Glad you were able to get in. There’s still a long way to go with these two stocks (GGI and MTS). Sprott now has 16.5 partially diluted control of GGI and after releasing his early warning report on SEDAR yesterday morning, I’m looking for him to enter the open market again tomorrow. Under Canadian law, once his holdings increase by more than 2 percent, he has to release this early warning report and then wait one full business day before acquiring any more stock. Also, he can’t acquire more than 19.9 % control without issuing a formal tender offer so I’m thinking he will be looking to pick up about 3 million more shares and then he’ll sit tight. Also, assay results are due in the next week. For MTS, they are playing this perfectly as well, just riding the wave caused by GGI and waiting to release results of their own. If you have L2, just look at the ask on GGI and you’ll see there is very little upward resistance. Okay, I’m starting to sound a little too pumpy so I’ll stop but it’s been an exciting few days. These are obviously still very speculative plays so I would treat them accordingly. Here’s an interview with Sprott put out today where he gives his take on GGI. Jekyll Island Series - Eric Sprott: Novo and Garibaldi, & Life Learned Lessons in Resources - YouTube
1 Like
If GGI would have about the same Shares outstanding has MDMN, it would still be worth .15 cents a share, speculation can do miracles.
Lovely thought, but would so many ppl jump in when they see 3B vs 80M outstanding shares? I don’t know. But hope you’re right. .15 would be awesome at this point.
And I don’t think they have properties with as much potential as ours.
since I really have no idea what the potential of MDMN and CDCH properties hold, I can’t comment.
It’s huge.
So now our “Other Mining Stock” being discussed is the private company AURYN?
… or are you both considering the possibility that MDMN and CDCH will continue trading with increasing value after AURYN becomes a publicly traded company? If you are discussing MDMN and CDCH there are other appropriate threads for that!
Yes Sir.
Can someone please explain how GGI that does not have any revenue has a market cap of 412 mil? At what price should Auryn trade when they list on the OTC with hopefully production numbers?Sometimes fundamentals just don’t apply.
1 Like
Barkerville drills four m of 35.2 g/t Au at Cariboo
BGM INTERSECTS 35.20 G/T AU OVER 4.00 METRES AT SHAFT ZONE
Barkerville Gold Mines Ltd. has released additional drilling results from the
continuing 160,000-metre phase 2 Island Mountain exploration and infill
drilling program at the company’s flagship Cariboo gold project. The
company is currently exploring and delineating the Valley and Shaft
zones with nine drill rigs, while a 10th drill is expanding the known
mineralization on the B.C. vein. Detailed drilling results, a drill hole
location plan map and vertical sections are presented on the company’s
website. The exact geometry and hence true width of the mineralized
zones cannot be assuredly concluded at this time therefore core lengths
are reported.
Highlights:
IM-17-156: 17.65 grams per tonne gold over 6.70 metres;
IM-17-166: 12.23 g/t Au over 6.70 metres;
IM-17-168: 16.05 g/t Au over 5.72 metres;
IM-17-169: 19.58 g/t Au over 6.65 metres;
IM-17-170: 20.50 g/t Au over 5.50 metres;
IM-17-173: 10.82 g/t Au over 8.60 metres;
IM-17-173: 35.20 g/t Au over 4.00 metres.
Beta corridor continues to expand to depth
The company is pleased to announce that phase 2 drill hole
IM-17-169 has expanded the recently announced Beta corridor via the
intersection of 19.58 g/t Au over 6.65 metres at a vertical depth of 320
metres below surface. The expansion occurs 90 metres southwest and
updip along corridor strike from previously disclosed phase 2 drill hole
IM-17-142 which intersected 10.04 g/t Au over 8.20 metres. Infill
drilling between the above-mentioned drill holes has demonstrated the
grade and geological continuity of this area as IM-17-173 intersected
two veining systems grading 10.82 g/t Au over 8.60 metres and **7.70 g/t **
Au over 8.35 metres at respective vertical depths of 275 and 350 metres
below surface. The Beta corridor still remains open for expansion along
vein strike as well as downdip.
Infill drilling in the Beta corridor is also indicating the grade
and geological continuity of this vein system as demonstrated by drill
hole IM-17-172 which intersected two zones averaging 12.81 g/t Au over **
4.80 metres followed closely by 12.56 g/t over 3.45 metres at a vertical
depth of 150 metres below surface. These intersections occur 40 metres
updip of previously released drill hole IM-17-141 which intersected 6.09
** g/t Au over 20.40 metres.
Spec is driving it. The spec is it may be the next Voisy(sp) Bay…plus it helps when you have the likes of Sprott increasing his position
1 Like
Good question Hulk, but some here, swear the market cap is based on revenue, Pennies are not only based on revenues, but mostly on speculation, Charts are a great tool, but penny stock are an entire other world.
What we are seeing with GGI is exactly what would have and should have happened with MDMN early 2011. They have a potentially world class deposit and have initiated an aggressive drilling program. The big difference is they have announced significant private placements similar to how MDMN announced their joint venture but GGI has closed those placements and received actual cash in the bank to advance their program. For those that remember the pain of MDMN in 2011, we were basically strung along waiting for the “first tranche” of funds and it just never came due to the shady activities of both our management and those who we hopped into bed with. I still hold every single share of MDMN I purchased 7 years ago but have to admit, the shine has worn off somewhat now that we are left with the weight of 3 billion shares. I look forward to one day waking up and seeing my MDMN holdings doing slightly better than the current 95% paper loss. 
5 Likes
MUX 10-Q (filed Nov 2, 2017) is out:
ending Sept 30, 2017
NOTE 8 SHAREHOLDERS’ EQUITY
Equity Offering
On September 22, 2017, the Company issued 20,700,000 common shares and 10,350,000 warrants for net proceeds of $43.2 million, after deducting issuance costs of $3.4 million. Each common share subscribed for, entitled the holder to receive half a warrant, and each whole warrant entitles the holder to purchase one common share at a price of $2.70. Warrants are exercisable at any time prior to September 28, 2018, after which the warrants will expire and be of no value.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12356256
Seems like current PPS may be a bargain, despite associated dilution, for those looking to accumulate and hold IMO. Shares issued at $1.91 (net) to the company.
Further dilution not likely since these warrants won’t be “in the money” unless PPS rises above $2.70 a year from now. Look out for any tax loss selling driving price down.
HR - any other comments?
TR - Chart?
2 Likes
Hope you still have your MTS shares Elrac. Things are getting interesting with their property. METALLIS RETAINS DR. PETER LIGHTFOOT TO ADVANCE THUNDER NORTH NICKEL OPPORTUNITY - Metallis Resources
1 Like
Now I just need to know when to pull the trigger and sell…hmmm, do I wait for news 
You know the saying “Buy on rumor sell on news”. just saying…
1 Like