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June 20, 2017

7 @ 7:00

Check the BMR comments section during the day for updates and helpful information. BMR Morning Market Musings returns tomorrow.

1. Gold has traded between $1,241 and $1,249 so far today with nearest support in the $1,230’sas of 7:00 am Pacific, Gold is down $2 an ounce at $1,244…Silver has retreated 8 cents to $16.40 as it closes in on base support at $15.75…Copper and other metals off slightly but a bright spot is Cobalt which has crossed the $26 level for the first time in nearly a decade, eclipsing its 2017 high of $25.63

2. OPEC has to be concerned about what to do next with regard to Oil prices as the cartel’s strategy to reduce output by 1.8 million bpd simply isn’t having the desired effect…WTIC has hit new 7-month lows this morning, down $1.25 a barrel or nearly 3% to $42.95 as of 7:00 am Pacific…news of increased production from Libya and Nigeria, on top of growing production in the U.S., is pushing prices 15% below their May highs when OPEC and certain non-OPEC members agreed to extend production cuts through the 1st quarter of 2018…a stubborn inventory overhang also continues to impact Crude…failure of technical support at $43 would likely drive prices below $40

3. Biorem (BRM, TSX-V) has jumped 33% to 58 cents after announcing that it has entered into a strategic partnership with Tus-Material Group to market globally its ultrafiltration membranes…ultrafiltration membranes provide a barrier to contaminants in water including suspended solids and pathogens such as cryptosporidium, E. coli, and viruses.  “As the quality and quantity of clean water diminishes across the world, demand for ultrafiltration will continue to grow,” said Derek S. Webb, President and CEO. “The global ultrafiltration market was estimated at $3.3 billion in 2016, and with a robust 5-year compound annual growth rate (CAGR) of 6.9% is expected to hit $4.6 billion in 2021. Biorem is in a unique position to leverage our competence, relationships and distribution networks to access the opportunities that this demand is creating.  Diversification of markets and products will help to grow the corporation to becoming a global leader in providing environmental services.” Biorem is a pioneer environmental biotechnology company that designs, manufactures and distributes a comprehensive line of high-efficiency air emissions control systems used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs)…

4. The Venture’s modest 2-session winning streak is threatened today by weak Oil prices…as of 7:00 am Pacific, the Index is off 3 points at 774…the TSX has fallen 88 points while the Dow has dipped 20 points after a banner day yesterday…both the Dow and S&P notched intraday and closing records to begin the week…the tech-heavy NASDAQ, meanwhile, posted its best day since November 7

5. EnGold Mines (EGM, TSX-V) couldn’t resist – it’s doing what it said it wouldn’t do…EGM was halted pre-market yesterday with the company reporting later in the day visual analysis of additional drill holes completed at its Lac La Hache discovery in B.C.’s Cariboo region.  “Although EnGold previously advised that it would refrain from announcing drill hole information without assay, management believes the materiality of hole 1716 was sufficient to warrant immediate visual disclosure,” stated President and CEO David Brett…of course, immediate visual disclosure to investors is only important in this company’s eyes if there’s drill core that looks like it’ll run…in any event, hole G1716, located 142 m northeast of discovery hole G1601, intersected a 43-m “intensely mineralized skarn-type zone”; hole G1717, collared 50 m west of hole G1716, intersected 3 separate mineralized zones along a 22-m core interval; hole G1714 (50 m south of hole G1716) intersected narrower intervals located at the upper and lower contacts of the subhorizontal host lithology; hole G1715 (50 m north of hole G1711) intersected an intrusive unit which appears to cut out the host lithology where drilled…assays have been rushed and results are expected within 10 days…with a healthy market cap close to $100 million, Brett now has to hope that results from the lab for hole #16 justify his change of approach in terms of reporting visuals…EGM is up a penny at 48 cents through the first 30 minutes of trading…

6. GT Gold (GTT, TSX-V) has commenced drilling the Saddle Gold zone at its Tatogga Property in northwest B.C. near the Red Chris mine…the Phase I program is expected to feature about 4,600 m of both RC and diamond drilling in 98 holes, with completion targeted for late July…first assay results are expected by mid-July…a Phase II drill program comprising of approximately 3,000 m of core drilling will directly follow Phase I, subject to the results obtained from Phase I…efficient execution of Phases I and II would allow room for a Phase III drill program later in the season…the southern portion of the Saddle zone is defined by very high-grade Gold-in-soil anomalies…the nature of the topography and immature, thin soils at Saddle South suggest the soil values reflect mineralization lying directly beneath…

7. We can’t build pipelines in Canada anymore, as that’s destroying the planet according to the doctrines of radical climate change fanaticism embraced by left wingers across the land, but cannabis production facilities – that’s our new specialty!…MYM Nutraceuticals (MYM, CSE) has hit a new multi-year high of 42 cents after announcing this morning that it has signed an exclusive deal with the municipality of Weedon, Quebec, to build a 1.5 million sq. foot cannabis production facility consisting of fifteen 100,000 sq. ft. greenhouses…once the entire project is completed and licensed, it would be one of the largest grow operations in the world with the potential to produce over 150,000 kilograms of cannabis per year, or $750 million annually…this is a first-of-its-kind partnership where a municipality has partnered with a cannabis company to build a major production facility…the agreement is unique as Weedon will purchase the 329 acres of land for MYM to build the project on.  “This is an important and significant deal for MYM and its shareholders,” said Rob Gietl, MYM’ s CEO. “The sheer scope and exclusivity of this project will bring MYM global attention and propel the company into its next stage of growth. We have all of the architects, engineers, and consultants in place, and with the full support of the municipality of Weedon, we are moving ahead at an accelerated pace.”

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21 Comments

  1. GGI – 12 cents – Wow

    Comment by Dan1 — June 20, 2017 @ 8:22 am

  2. Dan1
    You beat me too it
    I sure hope Jon was right about games being played and someone is trying to pick up cheap shares?

    Comment by GREGH — June 20, 2017 @ 10:21 am

  3. Yes, 12 cents will be a distant memory very very soon.

    Comment by Laddy — June 20, 2017 @ 11:02 am

  4. Biorem: absolute gem ready to make an epic run.

    Comment by Tran — June 20, 2017 @ 1:10 pm

  5. GGi- what is support?

    Comment by Johnz — June 20, 2017 @ 1:41 pm

  6. Dec-v on the move.. up 38% on 5 times the normal daily volume!!

    Comment by GregJ. — June 20, 2017 @ 2:20 pm

  7. Whenever u see ANON trade like this in GGI, Johnz, u know there are games going on. We believe we know who the seller is and why. Having said that, I can also say with 100% certainty it has absolutely nothing to do with events on the ground because the situation at the E&L actually keeps looking better and better…and crews are ready to move in. From a technical standpoint as far as the stock goes, it’s in the middle of a support band between 11 cents (Fib.) and 13 cents (Fib.) with the rising 500-day SMA at 11.5. Hoping some more loose apples fall off the tree so some paper can be picked up under .12. RSI(2) tells u how oversold this is but that won’t prevent some nervous nellies from being duped by some pros.

    Comment by Jon - BMR — June 20, 2017 @ 2:48 pm

  8. GGI, 108 offer at .13 ???????????

    Comment by dave — June 20, 2017 @ 2:55 pm

  9. I mentioned DEC a couple months ago. Fidelity accumulated over 3 million shares in a 2 month span on the open market. They were the only ones buying for about 3 months.

    Comment by dave — June 20, 2017 @ 2:58 pm

  10. A double top in the yearly venture chart is not helping much, although some stocks are doing very well

    Comment by dave — June 20, 2017 @ 3:02 pm

  11. I guess TA doesn’t apply where manipulation is concerned. Only hope that once events start on the ground that the games stop. My wonder re ANON- will we see them on SH leading a pump later on? Thoughts?

    Comment by Johnz — June 20, 2017 @ 3:09 pm

  12. Ggi -Flow through is toxic to any stock- they get their money out first and hold the warrants for free

    Comment by Donald — June 20, 2017 @ 3:31 pm

  13. Whether it’s flow-thru or hard dollar, Donald, paper from financings comes out immediately in just about any stock, though obviously with FT you have to take into account the sellers can exit 30% or even more below the PP price and still turn a profit…

    Comment by Jon - BMR — June 20, 2017 @ 7:02 pm

  14. Both FCC and CSK halted this morning pending news?!!!

    Comment by STEVEN1 — June 21, 2017 @ 6:22 am

  15. Dave – there is only 800,000 shrs (so far)
    to chew thru to. 16 on GGI and then likely clear dialing to 20

    Comment by david — June 21, 2017 @ 6:31 am

  16. 1 drill hole into the guts of the E&L, coming up soon, will easily take care of much more than that, David…

    Comment by Jon - BMR — June 21, 2017 @ 7:34 am

  17. GGI – Jon, do you have any idea why the long wait for finance closing?

    Comment by Dan1 — June 21, 2017 @ 7:43 am

  18. GGI – I understood lawyer was on vacation returning this week. You would think we close it this week……

    Comment by Foz1971 — June 21, 2017 @ 8:10 am

  19. I’m certain we’ll hear from them this week, Dan1…monies have been committed and I expect they’ll be mobilizing next week as activity is now starting in the Camp…their lawyer was away last week and there are some games going on in the stock, as we’ve seen with ANON in recent sessions…a couple facts of note. We’ll have something of interest to contribute by Friday based on some research.

    Comment by Jon - BMR — June 21, 2017 @ 8:11 am

  20. Thanks Jon. My opinion – Canadian securities regulation should disallow anonymous trading. Publically traded companies should open and transparent trading.

    Comment by Dan1 — June 21, 2017 @ 8:21 am

  21. That’s correct, Fox1971…we should hear from them any day…

    Comment by Jon - BMR — June 21, 2017 @ 8:23 am

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