Check back later this morning for today’s Morning Musings.
1. The Venture has recovered 36 points from its 5-month intra-day low of 717 Monday morning which may have marked an important bottom…technically, the Index has climbed back above a downsloping channel that formed from the August high…the Venture is up 6 points at 753 as of 7:00 am Pacific…
2. Cannabix Technologies (BLO, CSE) has cracked the $1 barrier for the first time ever on massive volume in early trading…this follows the release at the end of last week of new images and details of its Beta 2.0 marijuana breathalyzer that’s now in an advanced stage of testing…
3. Canadian Zeolite’s (CNZ, TSX-V) Zeolite has been submitted to the Canadian Food Inspection Agency (CFIA) for certification for the animal feed market and also to the United States for its state-to-state registration…North American annual production is 200 million tonnes and the studied and recommended ratio of Zeolite is in the 2% to 4% range of total volumes consumed…upon approval from the CFIA, the company’s Zeolite will be submitted for organic certification with the Organic Material Review Institute…CNZ is up 4 pennies at 93 cents as of 7:00 am Pacific…
4. Naturally Splendid (NSP, TSX-V) has hit a 19-month high of 55 cents during the first 30 minutes of trading…last week the company closed a $4 million financing which will enable it to aggressively capture existing sales prospects in the HempOmega, cannabinoid and bulk areas simultaneously…
5. Garibaldi Resources (GGI, TSX-V) has tripled the size of the E&L to 63 sq. km with the announced acquisition this morning of 4,100 hectares contiguous to all sides of the project through a deal with a private Chinese company…the additional ground includes a 6 km east-west belt of the “Kyba Red Line”, a key geological feature of the prolific Heart of Gold Camp…the E&L deposit has been confirmed as the first magmatic Ni-Cu-rich system ever found in this world class district and also contains important Platinum, Palladium, Gold and Cobalt values…new Chinese investors may have other near-term positive implications for GGI as well and that could turn out to be a key part of today’s news…
6. Doubleview Capital (DBV, TSX-V) enjoyed its best volume day yesterday since initially reporting the Hat Gold-Copper porphyry discovery in January 2014 which sparked a broad staking rush in northwest B.C.’s Sheslay district…DBV recently launched the first drill program at the Hat since the summer of last year and has immediately hit apparent strong mineralization including Sheslay Red Stock as revealed in multiple core photos released yesterday…in a news release the company confirmed it has “expanded this potential large-scale Gold-Copper porphyry deposit” based on visual analysis…DBV is up a penny at 9.5 cents through the first 30 minutes of trading…
7. Orca Gold (ORG, TSX-V) intersected up to 30 m (true width 60% to 70%) grading 6.6 g/t Au in final metallurgical drill results released this morning from its Block 14 Project in Sudan…the hole was drilled at Wadi Doum, Orca’s high-grade satellite deposit, and has further confirmed the presence of a northern higher grade zone which will be targeted in the resource infill drill program currently in progress…
can someone shed some light on why the V went down over 10 points at 10:35ish in a 5 min period?????
Comment by Jeremy — November 16, 2016 @ 8:00 am
Jon
I sure hope there is more from the private Chinese group than GGI just buying claims from them?
Comment by GREGH — November 16, 2016 @ 8:12 am
I’m sure there are more chapters to this one, Gregh – only makes sense, and that’s what I’m reading between the lines…keep in mind, Regoci would have had to get this news out on the claims ASAP and get the agreement filed with the exchange ASAP (for their approval) before other potential things could follow…there is a certain order and flow to carrying out business…that someone might complain that Regoci got too good of a deal, that’s funny…as a shareholder would you have preferred to see a lot more dilution?…
Comment by Jon - BMR — November 16, 2016 @ 8:33 am
Jeremy, it has everything to do with the volatility in the medical marijuana space this morning…Aphria ran up to nearly $8 and then dropped all the way down to $5.40…other volatile plays as well…
Comment by Jon - BMR — November 16, 2016 @ 8:48 am
Thx Jon .. I noticed that many were halted due to circuit breakers:) like wow.. internet all over again!!!
ANy guidance on how to ‘play’ with this momentum???
BLO is a buy and hold for many that I have researched re analysts and pundits etc… do you have any thoughts on a target?? or is this a 5 year hold assuming that the technology is accepted?? thx mate
Comment by Jeremy — November 16, 2016 @ 8:54 am
BTW – does anyone remember bid.com??? 🙂 the pot arena feels like that.. BUT they have a real market and a real business – at least most of them do… vp on the cse and MGW.v are 2 that some are talking about … if VP sells all the pot they grow their revenue is 8 mill.. their capitalization is just 8 mil.. hmmmmm
Comment by Jeremy — November 16, 2016 @ 8:59 am
DBV Farshad gets this deal going to be a lot of happy shareholders and that’s why the rest of PP has not closed! The rest of PP will not close if this big deal comes in!!!
Comment by TheSkipper — November 16, 2016 @ 9:06 am
pot – its likely to be revenue neutral for gov’t. so why rush. US is a great petri dish right now for CAN to look and study. The hospital costs alone are going to be sweet. Colorado ER docs talking about rising emerg visits, weaning new-borns w THC etc. Those and many other mental health costs are not factored into the sales /revenue stream of pot. Its gonna happen, but delaying it will hopefully put more understanding in place about costs and benefits to taxpayers before bowing to pressure from suppliers and investors for quik return.
Comment by david — November 16, 2016 @ 9:32 am
NDR – sub 20mm shrs FD – raising $1.3MM for Northern Ont Gold property. Not a huge Hewitt fan but Seltzer(Haywood) has a big finger in this one. should be tight share structure
Comment by david — November 16, 2016 @ 10:57 am
DBV Hole 26 from which New core photo’s are from is a 75 meter East Step-Out
Comment by TheSkipper — November 16, 2016 @ 12:58 pm
From Hole 23
Comment by TheSkipper — November 16, 2016 @ 12:59 pm