John updates charts this morning on four situations – Cap-Ex Ventures (CEV, TSX-V), Canada Rare Earths (CJC, TSX-V), Gold Bullion Development (GBB, TSX-V) and iSign Media Solutions (ISD, TSX-V).
Cap-Ex Ventures
Cap-Ex, which has now completed the first tranche of a $10 million financing, has made a significant iron ore discovery near Schefferville, Quebec. Forbes & Manhattan is a major part of the financing and this strong and respected group, with plenty of experience in the iron ore space, has stepped in to provide its expertise with regard to day-to-day operations, strategic planning and communications. As of 8:35 am Pacific, CEV is off 3 pennies at $1.01. The stock has a clear zone of solid technical support as John points out below.
Note: Jon holds a position in Cap-Ex Ventures (John and Terry do not).
Canada Rare Earths
CJC has bucked the overall trend with an excellent December and is currently consolidating in a downsloping flag with RSI unwinding from an overbought condition. Strong support around 50 cents. A breakout into the mid-60’s would be a very bullish technical sign. Initial assay results are expected sometime in January from the company’s promising Goeland Property in Quebec – visuals are highly encouraging but results are going to have to be very solid for the stock to maintain momentum. Speculation could drive CJC higher prior to results. As of 8:35 am Pacific, CJC is up a penny at 59 cents.
Note: John holds a position in Canada Rare Earths (Jon and Terry do not).
Gold Bullion Development
2011 has been a very disappointing year for GBB – not in terms of assay results from the LONG Bars Zone, but with regard to a lack of effective execution on the ground. GENIVAR is now out of the picture and the company is hoping for better things out of SGS Canada as its new geological consultant. An initial 43-101 resource estimate for the LONG Bars Zone, now expected sometime during the first quarter of next year, should go a long way toward giving investors a greater comfort level with GBB. As of 8:35 am Pacific, GBB is off half a penny at 13.5 cents.
Note: Terry and John hold positions in Gold Bullion Development (Jon does not).
iSign Media Solutions
iSign continues to try and position itself as a leader in proximity and delivery-based advertising social media. There is long-term potential with this play and it’ll be interesting to see what kind of contracts this company can secure during the first quarter of next year. As of 8:35 am Pacific, ISD is off 2.5 pennies at 25.5 cents.
Note: John, Jon and Terry do not hold positions in iSign Media Solutions.
HUGH!! Be very careful not to UPSET or OFFEND Jon and the rest of the clowns at BMR!!! OOOOOO !! Now you see what I’ve been trying to tell YOU and others here?? BMR ” picks” stocks, the moment they go up, they SELL, yet still play this CHARADE that the ” like the charts”!!!!! GOOFS!! Now the put up ANOTHER F_CKING chart on GBB, WHY??? The ” SUPPORT” that BMR mentioned as STRONG at .285 is GONE!!
CUI, SD, GBB, SFF, ABI, GDX, ISD, and ofcourse INvisible Gold…LOL.
Note: I DO NOT OWN ANY of these stocks!!! LOL More charts please BMR!!
How many % points is BMR UP since you 1st mentioned these stocks to your readers???? LOLOLOLOL
Comment by John — December 22, 2011 @ 9:49 am
Johnny I am not aligning myself with you or anyone else for that matter. And I am not playing no blame game neither. I just pointed out that BMR don’t seem to discuss their model portfolio stocks anymore now that they are not performing so well and I wish they would. I think the information found here is generally excellent and while I dont agree with everything that is said I actually appreciate the work BMR do. What I offered was what I hoped would be constructive criticism, and I didn’t mean to offend and upset them …..geeeeeze. I wont bother you guys any more about this. Have a nice Christmas holiday. And I hope everyone has a better year in 2012 but to be honest I wouldn’t hold my breath unless we see unprecedented QE and perhaps a collapse of the scam called GLD.
Comment by Hugh — December 22, 2011 @ 10:02 am
Oops, I forgot to mention this to the boys at BMR:
It is better to keep quiet and have others assume you are a fool, then to open your mouth and prove them RIGHT!! Just listen/read some of the BULLSHIT that they have been saying all year!! take VGN for example. ” we expect VGN to hit higher all time highs sometime in the 1st quarter of 2011″. Then it’s ” sometime in the 1st half of the year” Then it’s ” Management isn’t stupid, they know what they are doing, Tony will make something happen”. Then it’s ” VGN is a no brainer at these prices, BUY VGN when it is low, and sell when it is high”!!! WTF?? Uh, REALLY?? CLOWNS!! Like I have said MANY times, my average in VGN is appx. .125, so I am not ranting about the low share price, what Im trying to pass along to BMR and anyone else who will listen is this, JUST SHUT UP ALREADY BMR, your ” picks” are nothing now but PIGS!!! No matter how much lip stick you apply, they are still PIGS!!! How many times has BMR stated that ” SUPPORT” for this stock or that stock is strong in a certain range, ONLY to see the stock fall LOWER and LOWER to yearly and ALL time lows??? Now, please more charts with the colourful squigley lines….LOL Look, when MANAGEMENT at CUI says they are moving on to another project, that Skenke SUCKS, BMR still had the AUDACITY to try and pretty it up!!! And don’t worry about VGD, they have STRONG support in the .30 range!! And now?? Are you going to change your tune BMR and say ” support is now .14″??? LOL
Comment by John — December 22, 2011 @ 10:03 am
WHAT IS CHEN BUYING THE MAN WHO TURNED 5000 OF HIS WIFES MONEY INTO ONE MILLION IN 9 YEARS .CHEN LOVES MMT.V I HAVE BOUGHT THE STOCK AND I SEE GREEN
Comment by gil — December 22, 2011 @ 10:57 am
My concern over ISign is their cash position, which is only 1.46m, and this is as per yahoo key statistics, and those news are nearly 9 months old.
ttp://ca.finance.yahoo.com/q/ks?s=ISD.V
But my biggest concern about Isign is that on their official webpage, I am unable to locate their financials. Can anyone help me.
Investor beware.
Comment by Alexandre — December 22, 2011 @ 10:23 pm
zerohedge.com/news/fed-vs-ecb-presenting-correlation-2012-and-what-it-means-gold
Comment by Hugh — December 23, 2011 @ 3:31 am
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/22_Jim_Sinclair_-_The_Gold_Panic_%26_What_to_Expect_in_2012.html
Comment by Hugh — December 23, 2011 @ 3:49 am
Im heading out this morning to spend Christmas in northern NB. Just wanted to say it was good fun virtually meeting you all and to wish you a safe and enjoyable Christmas. Joyueux Noel et Bonne Annee! 🙂
Comment by Andrew — December 23, 2011 @ 5:32 am
Anyone there ? It appears that VGD is coming to life.
Comment by Bert — December 23, 2011 @ 11:45 am
Bert – I kept an eye on VGD while driving north and it was good to see it have a positive day. I’m not sure what the 1.5m shares cash trade (redemption expiry?) meant on Thursday? Anyway it would be nice if it could climb into the .20s before a good NR!. Have a wonderful Christmas – I have friends in Corner Brook and Goulds. 🙂
Comment by Andrew — December 24, 2011 @ 6:55 am