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January 13, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,557 and $1,546 so far today…this is a special early edition of 7:00 @ 7:00 due to travel commitments…as of 2:00 am Pacific, the yellow metal is down $14 an ounce at $1,548Gold has very strong support in a band between $1,550 and $1,520, meaning downside risk is limited at current levels…safe haven-seeking investors around the world piled into Gold-backed ETFs in 2019, making it the best year on record for Gold holdings…assets under management in Gold bullion ETFs expanded 37% from the previous year, adding $19.2 billion, or 400 tonnes, according to the World Gold Council (WGC)…during the 4th quarter, total holdings hit a jaw-dropping 2,900 tonnes, the equivalent of 102 million ounces, which is the most on record…over the past 2 decades Gold has helped investors limit market volatility and portfolio losses…between 2000 and 2019, the precious metal’s average annual price was down in only 4 years…put another way, Gold was up on average in 4 out of every 5 years – a remarkable track record…Silver has slipped 17 cents to $17.90 but its uptrend remains intact…having broken above $2,000 an ounce last week Palladium in now forecast by Citi analysts to hit $2,500 by the middle of this year…base metals are relatively unchanged with Copper, Nickel and Zinc at $2.79, $6.40 and $1.07, respectively…Cobalt is steady at $14.97…Crude Oil has added 19 cents to $59.23 after slumping $4 a barrel last week while the U.S. Dollar Index is up more than one-tenth of a point at 97.51Treasury Secretary Steven Mnuchin said yesterday that Boeing’s 737 Max crisis could curb U.S. economic growth in 2020 by half a point, though he expects the economy will still grow by about 2.5% this year…“There’s no question that the Boeing situation is going to slow down the GDP numbers,” Mnuchin said in an interview on Fox NewsSunday Morning Futures“Boeing is one of the largest exporters, and with the 737 Max, I think that could impact GDP as much as 50 basis points this year”… a U.S.-China Phase 1 trade deal is due to be signed at the White House on Wednesday…it will leave in place tariffs on about $370 billion worth of Chinese imports per year, more leverage for Trump to ink a Phase 2 deal potentially later this year…

2. Just hours after angrily calling the allegation that an Iranian surface-to-air-missile took down Ukraine International Airlines Flight PS752 a “big lie” and “psychological warfare”, Iran’s rogue regime has had to confess that the Revolutionary Guard Corps it has lately been lionizing in mass rallies itself fired the fatal missiles…all 176 people aboard, including 57 Canadians, were killed…one can only hope that regime change can come through a revolution by the long-suffering people of Iran…one of the hallmarks of the Islamic Republic regime is its tragic indifference to life, on display again in multiple ways over the past week…this is the same regime that, during the Iran-Iraq War, sent human waves of school-age boys to clear landmines with their own bodies in advance of regular Iranian troops…the youngsters were given metal keys to hang around their necks and told they would open the doors to paradise…sometimes they were roped together to prevent them escaping…their lives were wasted by the tens of thousands in futile offensives like the 1982 Operation Ramadan…this is one of the most evil regimes that has ruled any nation in the history of the planet, and President Trump did the world a favor when he took out their terrorist leader Soleimani who had the blood of many on his hands, including Iranians…

3. There’s no negotiating with the fossil fuel haters – they are in a mixed up world of their own...hundreds of people marched in Vancouver Saturday from B.C. Supreme Court to Victory Square  to voice their support for opponents of the Coastal GasLink natural gas pipeline…“It’s our territory.  It’s not Canadian land.  It’s not the Queen’s.  It’s not the RCMP’s.  It’s Wet’suwet’en land. It’s our land,” said one protestor, Jerome Pete, who grew up on the traditional territory where Coastal GasLink plans to build its pipeline…“I’m here as an indigenous youth standing with Wet’suwet’en Nation in their resistance to Coastal Gaslink pipeline and colonial forces that seek to remove indigenous people from our lands and our futures,” said another protestor, Ta’Kaiya Blaney, as she addressed the crowd at Victory Square…Coastal GasLink may not have the support of hereditary chiefs but the fact is they’ll likely never get it and they simply don’t need it – they already have agreements with 20 elected First Nation councils along the pipeline’s 670-km route…Canada will stop becoming a country as we know it, and First Nations will never be lifted out of poverty, if we can’t move projects such as this forward swiftly and decisively…

4. This is an ideal time to be invested, on a selective basis, in the resource sector…precious metals and commodities in general are doing well…the Fed is highly accommodative, prepared to accept a sustained uptick in inflation (if it happens) without increasing interest rates which remain low…the U.S. economy, in the midst of its longest expansion in history, is at the perfect temperature, neither too hot nor too cold, and Wall Street continues to bet on another Trump victory in November’s U.S. elections…meanwhile, the greenback is constrained within a down channel that formed in the fall of last year…this is very positive for Gold, the broader commodities space and the Venture…since touching 99.3 in the early fall in an apparent double top, the Dollar Index has been trading within what is now a well-defined down channel with strong resistance from 97.5 to 98 and solid support between 95.5 and 96…we expect the Dollar Index to continue to trade in this range for the foreseeable future (risks are to the downside, not the upside)…in addition, last week the Dollar Index experienced a “death cross”, a bearish signal that takes place when the 50-day SMA crosses below the 200-day…we haven’t seen this from the greenback since May 2017…bodes well for the Venture which performs best when the dollar is flat or weak…

5. Canada Cobalt (CCW, TSX-V) has drilled an incredible 70 kilograms per tonne Silver (70,380 g/t or 2,053 oz/ton) over 0.30 m within a broader 4-m zone (core length) averaging 7,259 g/t or 212 oz/ton Silver in the 2nd wedge hole at its Castle East discovery in Northern Ontario’s Gowganda mining camp…this intercept is 8 m west of the first hole intercept (50,583 g/t over 0.60 m within 1.5 m grading 20,751 g/t with assays pending for the full 4.65-m core interval) and 17 m west of the original discovery hole intercept in CA-1108 that returned 6,476 g/t over 3.1 m of core length…drilling continues from surface and assays are still pending from 100 of 111 samples from wedge holes 1 through 4, so the market has plenty to speculate on in the days ahead…vein widths are consistent with past producing mines throughout the Northern Ontario Silver-Cobalt District which once accounted for about 25% of the world’s Silver supply at peak production in the early 1900’s…only the low-hanging fruit was picked along a 160-km-long trend, so multiple new discoveries are possible using modern exploration techniques such as geophysics and CCW’s custom-built downhole camera…what’s particularly significant about CCW’s find is that it occurs immediately adjacent to 3 high-grade past producers that combined for approximately 70 million ounces…it’s quite possible the motherlode could be at depth to the east of those mines…CCW closed at 70 cents Friday, confirming a breakout through Fib. resistance at 65 cents…the company also announced Friday that it has closed its deal, subject to Exchange approval, to acquire the only facility in the region (PolyMet Labs) that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing…this gives CCW multiple revenue streams for 2020 in addition to a planned tailings operation…the Castle Property occupies a rich slice of the Abitibi Greenstone Belt 45 miles southwest of the Macassa Mine Complex, 20 miles south of the Young-Davidson mine and 15 miles east of Pan American Silver’s (PAAS, TSX, NASDAQ) multi-million ounce Juby Gold deposit…

6. The Dow topped 29,000 for the first time Friday but stocks reversed from all-time highs on profit-taking…investors digested slightly weaker-than-expected jobs data to end a volatile week full of geopolitical concerns…for the first full trading week of January, the Dow and TSX both jumped about 200 points while the Venture cooled off slightly by shedding 5 points to 582…a strong new Venture support band stretches from 580 to 560…not surprisingly, the Venture unwound temporarily overbought technical conditions last week after climbing as high as 591…new support appears to have formed at the top of a band between 580 (the 200-day SMA is 578) and 560…with a 5-point loss for the week, the Venture’s 7-week winning streak was snapped but chances are we’ll see a quick resumption of the uptrend…on Friday the Venture bounced nicely off its rising 10-day SMA, currently 579, and rose nearly 5 points to close at 582…the Index should get a boost this week ahead of resource conferences in Vancouver from next Sunday through January 23 (Vancouver Resource Investment Conference plus Roundup)…watch for increased news flow from companies this week ahead of those events…the VRIC, one of the largest of its kind, will be celebrating its 25th anniversary…this milestone year for VRIC will see the event host over 60 keynote speakers, 350 exhibiting companies and 9,000 investors, bringing together a host of experts from the mineral exploration, metals, Oil and gas, and renewable energy sectors…

7.  Kirkland Lake Gold (KL, TSX, NYSE) jumped $2 a share Friday after reporting record production for the 4th quarter and full year 2019…production in Q4 2019 totalled 279,742 ounces, an increase of 21% from 231,217 ounces for the same period in 2018, with the increase driven by record quarterly production at the Fosterville mine…for FY 2019, consolidated production totalled 974,615 ounces, 35% higher than 723,701 for FY 2018…FY 2019 production at Fosterville of 619,366 ounces beat the mine’s guidance of 570,000 to 610,000 ounces…production at Macassa in 2019 totalled 241,297 ounces, in line with guidance of 240,000 to 250,000 ounces…the company’s cash position increased $90 million (U.S.) or 15% during Q4 2019, with total cash and equivalents at December 31, 2019, totalling $705 million (U.S.)…during Q4 2019, $30 million was used to repurchase 727,200 common shares through the company’s normal course issuer bid (NCIB), with an additional $25 million (U.S.) used for a strategic investment (Wallbridge Mining)…for FY 2019, cash and equivalents more than doubled…President and CEO Tony Makuch stated, “Looking at exploration, recently released drill results at Fosterville and Macassa are very encouraging and support our view that these mines are not only among the world’s most profitable operations, they also represent two of the most exciting exploration projects in the Gold industry today.  Also contributing to our organic growth potential is our work in the Northern Territory of Australia, where advanced exploration work is progressing with a goal of resuming commercial operations as early as next month when we release our updated mineral reserve and mineral resource estimates.  Providing additional upside for the future is our recent agreement to acquire Detour Gold, where we see opportunities for substantial value creation through investment in Detour Lake mine’s considerable growth, expansion and exploration potential”

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  1. Any thoughts on the price action of CCW today? Thanks!

    Comment by Jeff81 — January 13, 2020 @ 10:29 am

  2. Solid day, Jeff, with more accumulation and paper moving from weak hands into strong hands, on a down day for Venture…price action also underscored the solid support at .65…

    Comment by Jon - BMR — January 13, 2020 @ 2:12 pm

  3. Azimut (AZM, TSX-V) has been halted since 12:12 PT yesterday afternoon, at the Company’s request.

    I’m guessing the news relates to assays at Azimut’s 100% owned Patwon project, where they encountered mineralization, including native Gold grains, in 7 of 7 holes from a maiden drill program.

    But we’ll just have to wait and see.

    Could be big news!

    Comment by daniel — January 14, 2020 @ 5:49 am

  4. Canada Cobalt Receives $1,371,437 from Exercise of Warrants

    COQUITLAM, BC, Jan. 14, 2020 /CNW/ – Canada Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Cobalt”) is pleased to announce that all 50-cent warrants from the Company’s January 2018 financing have been exercised, including 2,742,875 of them over the last two weeks (200,000 were exercised in early 2019).

    The exercise of these warrants has added $1,371,437 to the Company’s treasury this month following the completion of a total of $2,134,500 in two hard dollar private placements with strategic investors in September and November 2019, and $800,000 in a flow-through financing in early December 2019.

    Drilling continues at Canada Cobalt’s Castle East high-grade silver discovery, with another update from Castle East expected soon, while a work program has just commenced at the Company’s past producing Beaver high-grade Silver Property. The patented Beaver claims, which formed part of the historic Beaver-Timiskaming mine, are approximately five kilometers from the Company’s newly-acquired PolyMet facility in the town of Cobalt.

    About Canada Cobalt Works Inc.

    Canada Cobalt’s flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Cobalt is strategically positioned to become a vertically integrated North American leader in cobalt extraction and recovery while it also exploits a powerful new silver-gold market cycle.

    “Frank J. Basa”
    Frank J. Basa, P. Eng.
    President and Chief Executive Officer

    Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

    SOURCE Canada Cobalt Works Inc.

    View original content: http://www.newswire.ca/en/releases/archive/January2020/14/c7744.html

    Comment by Jon - BMR — January 14, 2020 @ 5:51 am

  5. GGM news as well. Frank is busy these days…!

    Granada Gold Mine to Begin Bulk Sample Program of High-Grade Mineralized Structures at Surface


    Comment by rgiroux — January 14, 2020 @ 5:56 am

  6. PDM news as well….

    Comment by Foz1971 — January 14, 2020 @ 6:11 am

  7. CCW: I do also like how they slipped in: “while a work program has just commenced at the Company’s past producing Beaver high-grade Silver Property”. Perhaps start of tailings program?? A lot going on with CCW right now.

    Comment by Foz1971 — January 14, 2020 @ 6:19 am

  8. I suspect that’s what it is, Fox1971, particularly with the reference to “patented” ground…

    Comment by Jon - BMR — January 14, 2020 @ 6:38 am

  9. Azimut drills 3.15 g/t Au over 102.0 m including 10.1 g/t Au over 20.5 m at the Patwon Prospect, Elmer Gold Property, James Bay Region, Quebec

    LONGUEUIL, QC, Jan. 14, 2020 /CNW Telbec/ – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report the discovery of substantial gold mineralization in multiple drill hole intersections, including frequent high-grade intervals, in all seven (7) holes of its maiden diamond drilling program on the 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec. Significant additional drilling will be required to define the true width and extent of this discovery. The Patwon Prospect is part of a larger 7-kilometre-long high-potential target zone on the Property (see Figures 1 to 3). A ground geophysics survey (induced polarization) is currently underway over the discovery area and its vicinity to prepare for a more comprehensive upcoming drilling program.

    The results from this initial phase of drilling indicates that gold-bearing mineralization occurs in three different orientations: 1) along an extensive set of veins oblique to the schistosity; 2) parallel to the schistosity; and 3) as flat-lying veins. Drill holes were oriented to intersect the three types of veins.

    Azimut’s management considers these results to be among the most significant gold exploration results in the James Bay region since the 2004 discovery of the Éléonore deposit by Virginia Gold Mines. The Éléonore mine is currently owned and operated by Newmont.


    Hole ELM19-001
    0.62 g/t Au over 101.3 m (from 13.5 m to 114.8 m) including:

    0.78 g/t Au over 32.0 m (from 27.4 m to 59.4 m)

    2.45 g/t Au over 8.0 m (from 85.0 m to 93.0 m)

    Hole ELM19-002
    3.15 g/t Au over 102.0 m (from 34.0 m to 136.0 m) including:

    5.15 g/t Au over 9.0 m (from 33.5 m to 42.5 m)

    1.10 g/t Au over 28.5 m (from 58.7 m to 87.2 m)

    10.1 g/t Au over 20.5 m (from 96.5 m to 117.0 m)

    including 12.43 g/t Au over 6.0 m (from 99.5 m to 105.5 m)

    and 107.0 g/t Au over 1.0 m (from 116.0 m to 117.0 m)

    3.22 g/t Au over 11.0 m (from 125.0 to 136.0 m)

    Hole ELM19-003
    2.84 g/t Au over 108.2 m (from 34.3 m to 142.5 m) including:

    27.36 g/t Au over 4.7 m (from 34.3 m to 39.0 m)

    including 254.0 g/t Au over 0.5 m (from 34.3 to 34.8 m)

    4.65 g/t Au over 29.0 m (from 65.5 m to 94.5 m)

    including 16.0 g/t Au over 6.5 m (from 78.0 m to 84.5 m)

    2.2 g/t Au over 7.6 m (from 109.3 m to 116.9 m)

    1.66 g/t Au over 6.0 m (from 121.0 m to 127.0 m)

    1.08 g/t Au over 11.0 m (from to 131.5 m to 142.5 m)

    Hole ELM19-004
    1.68 g/t Au over 97.0 m (from 5.0 m to 102.0 m) including:

    4.16 g/t Au over 15.5 m (from 5.0 m to 20.5 m)

    7.85 g/t Au over 5.5 m (from 25.5 m to 31.0 m)

    including 80.0 g/t Au over 0.5 m (from 25.5 m to 26.0 m)

    3.78 g/t Au over 11.0 m (from 44.5 m to 55.5 m)

    including 59.5 g/t Au over 0.5 m (from 51.2 m to 51.7 m)

    Hole ELM19-005
    1.54 g/t Au over 54.1 m (from 28.4 m to 82.5 m) including:

    29.8 g/t Au over 0.5 m (from 28.4 m to 28.9 m)

    2.53 g/t Au over 13.5 m (from 50.0 m to 63.5 m)

    3.91 g/t Au over 5.6 m (from 74.8 m to 80.4 m)

    including 37.0 g/t Au over 0.5 m (79.9m to 80.4 m)

    Hole ELM19-006
    1.15 g/t Au over 129.0 m (from 5.0 m to 134.0 m) including:

    3.38 g/t Au over 25.3 m (from 69.2 m to 94.5 m)

    including 121.0 g/t Au over 0.5 m (from 70.2 m to 70.7 m)

    1.49 g/t Au over 33.5 m (from 100.5 m to 134.0 m)

    including 64.9 g/t Au over 0.5 m (from 104.6 m to 105.1 m)

    Hole ELM19-007
    1.93 g/t Au over 82.0 m (from 21.0 m to 103.0 m) including:

    3.46 g/t Au over 44.1 m (from 30.0 m to 74.1 m)

    including 13.09 g/t Au over 6.6 m (from 34.4 m to 41.0 m)

    and 25.35 g/t Au over 1.9 m (from 45.4 m to 47.3 m)


    Based on previously reported surface information (see press releases of July 16, September 19, October 22 and November 28, 2019), the objectives of the 996-metre core-oriented drill program were to:

    Cut perpendicularly themain vein system striking NW-SE, with six holes totalling 849 metres (holes ELM19-001 to 006) in two parallel 40-metre-spaced drill sections of three drill holes each; and
    Cut perpendicularly shear veins striking NE-SW subparallel to the schistosity with one hole (ELM19-007, 147 m); schistosity is roughly parallel to the fabric of the magnetic gradient and to lithological contacts (see Figure 4).

    The drilling program provided the following critical preliminary information:

    – Gold mineralization is related to different sets of quartz veins and veinlets and their wall rocks, and more locally to metre-scale hydrothermal breccias. Quartz veining seems to be principally related to a felsic intrusion, either at or close to the lithological contacts between the intrusion and the surrounding mafic volcanics and gabbros.
    – Three sets of quartz veins contain gold, two of which corroborate surface observations:
    – Subvertical veins striking NW-SE (main system);
    – Veins striking NE-SW, subparallel to the schistosity and dipping 65o to 80o to the north; and
    – Subhorizontal veins so far observed in drill core only.
    – Variable amounts of pyrite (1% to 30%) are present as coarse-grained disseminations or centimetric stringers, both forms associated with quartz veining and their wall rocks.
    – Native gold grains are frequent, generally associated with quartz veins, or as isolated grains in pyrite stringers (see Table 2).
    – Gold-bearing facies are accompanied by pervasive silica, chlorite, sericite and carbonate alteration, and occasionally by tourmaline seams in quartz veins.

    The following interpretation at this early discovery stage is based on the results of 7 drill holes and detailed surface sampling:

    – Mineralization has been recognized over a 200 metres length (open laterally to the NE and SW) with an apparent width at surface ranging from 50 to 70 metres;
    – Mineralization is known down to 100 metres, open at depth;
    – The principal control on mineralization appears to be a dextral NE-SW shear zone generating two main vein sets: NE-SW shear veins and NW-SE extensional veins (Riedel type);
    – Both vein types commonly display sulphide-rich wall rocks; and
    – The intensity of quartz veining in the felsic intrusion may be partly controlled by the rheologic contrast with the surrounding mafic host rocks.
    – The detailed geometric relationships between drill hole intercepts will be better defined with further data analysis and additional drilling.

    The Patwon Prospect, located in a central position on the Property, has potential kilometre-scale strike extensions that have seen very little exploration. Two high-grade occurrences (25.2 g/t Au over 1.0 m, 12.65 g/t Au), respectively 270 metres and 840 metres SW of Patwon, underscore the potential of this area, which is part of a larger 7-kilometre-long high-potential target zone.

    A detailed induced polarization survey is currently underway over all three prospects on a 2.1 kilometre by 0.7 kilometre grid (see Figure 3). It is expected that this survey will be an efficient method to generate quality drill targets.

    The Elmer Property and the adjacent wholly owned Duxbury Property provide Azimut with a controlling position over a 35-kilometre-long segment of a prospective greenstone belt. Both properties were staked following the Company’s predictive modelling for gold in the James Bay region using its proprietary AZtechMineTM expert system.

    Elmer comprises 276 claims covering 145.4 km2 over a 22-kilometre strike length. Duxbury, located to the east, covers a further 13 km along strike. The projects are located 285 kilometres north of Matagami, 60 kilometres east of the municipality of Eastmain, and 20 kilometres west of the paved James Bay Road. The region benefits from quality infrastructure that includes major access roads, a hydro-power grid and airports.

    This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut’s qualified person under National Instrument 43-101. The field program is under the direction of François Bissonnette, P.Geo., Operations Manager, and Dr. Martin Tuchscherer, P.Geo., Chief Geologist.

    About Azimut

    Azimut is a mineral exploration company whose core business is target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 58.5 million shares outstanding.

    Azimut holds the largest mineral exploration portfolio in Quebec. The Company’s edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold properties in the James Bay region and three (3) major gold-copper properties in the Nunavik region.

    Comment by Jon - BMR — January 14, 2020 @ 6:45 am

  10. Looks like American Pacific (USGD.V) just fell off a cliff. Yikes. Jon or Daniel, your insights would be appreciated.

    Comment by Bryan — January 14, 2020 @ 9:39 am

  11. They started going off a cliff, Bryan, as soon as they did that deal with OceanaGold…now that Oceana is out, I think they’re actually better off…hoping it gets knocked a little lower, for bargain shoppers…

    Comment by Jon - BMR — January 14, 2020 @ 10:13 am

  12. Lower than 5 cents you think? Might as well just wait and watch i guess.

    Comment by Laddy — January 14, 2020 @ 11:07 am

  13. Fantastic move in Azimut today on a beautiful hit, great call by Daniel as he’s been on top of this one for some time – update tonight…

    Comment by Jon - BMR — January 14, 2020 @ 1:03 pm

  14. Sure wish CCW would get something like Azimut’s pop – very nice!! Congrats to those shareholders. It doesn’t appear that CCW is going to get that big week that you guys have been hoping for the last couple weeks. Promo to get the warrants exercised?
    Nothing ever seems to happen in a timeframe we hope!

    Comment by Phil — January 14, 2020 @ 1:17 pm

  15. Phil, you haven’t read tomorrow morning’s report yet…

    Comment by Jon - BMR — January 14, 2020 @ 2:00 pm

  16. They closed the Poly deal. Now show us the silver bar photos in a NR. I think this will gap up tomorrow!

    Comment by Alec — January 14, 2020 @ 5:20 pm

  17. No, I haven’t read the report, but down to .60 already this morning. Just looks as though there was a pump to get warrants exercised and now down we go. Market is fickle for sure

    Comment by Phil — January 15, 2020 @ 7:28 am

  18. CCW continues lower, down 6% this morning to 61c. May still be trying to close the gap at 54c before the next up leg can resume.

    Comment by Al — January 15, 2020 @ 7:50 am

  19. Phil, sorry, but you’re completely off the mark IMHO, not reading this properly at all (just like the day you were concerned it wasn’t moving thru the low 40’s 15 minutes after news a while back)…what CCW has is the most significant new grassroots high-grade Silver discovery in the entire Northern Ontario Silver-Cobalt district in a long, long time (probably 40 years), with an opportunity for a Gold surprise as well…what has been found so far has all the signatures of a classic district deposit…to fuss over penny moves within the stock’s most recent trading range is ridiculous…very healthy trading which points to another surge higher/new highs with a market cap that is still very modest…embracing any temporary weakness in a strong play is what successful traders/investors do, but many people of course just prefer to chase – controlled by their emotions dictated by minute-by-minute, hour-by-hour moves in share prices…the so-called “pump” you refer to – as far as I can see, the promo on this hasn’t even started yet…

    Comment by Jon - BMR — January 15, 2020 @ 8:06 am

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