Gold has traded between $1,073 and $1,082 so far today…as of 10:45 am Pacific, bullion is down $24an ounce at $1,074…Silver is 4 cents higher at $14.29…Copper is off 3 pennies at $2.11…Crude Oil has stabilized, up 46 cents at $36.27 after falling below $34 yesterday for the first time since 2009, while the U.S. Dollar Index has fallen one-third of a point to 98.15…
Gold ETFs have surged in recent days and witnessed their biggest increase since January according to MKS (Switzerland) SA…assets in the SPDR Gold Trust, which is the world’s largest Gold ETF, rose by almost 3% to 648.91 tonnes on Friday, the first increase in 2 months…
Uranium is the only metal that has increased in price in 2015, although Gold has strengthened in a number of currencies other than the U.S. dollar, BMO Capital Markets reported this morning. “Uranium prices averaged $39 (per pound) in 2015, higher than the $33/lb average in 2014,” BMO says. “It was the only mining commodity to improve this year.”
However, in many producer-nation currencies, commodities outperformed, BMO adds…for instance, for the year to date, Gold has averaged $1,164 an ounce in U.S. dollars, down 8% from 2014…however, for miners in Australia, it’s been a banner year at $1,544 AUD an ounce, a gain of 10%…in Canada, the yellow metal’s gain is 6% to $1,481 CDN an ounce…
Crude Oil Update
Analysts have cited tomorrow’s WTI contract rollover into February as a significant factor for the positive start to today’s session, with traders and money managers preparing for the Western Hemisphere’s harsher winter months…another boost for WTI has been the decision by the U.S. government to lift its 40-year export ban for Crude Oil…exactly how much U.S. exports will impact the global market isn’t known, but it has pushed WTI to parity with Brent…
Drunk Zamboni Driver Arrested
This has nothing to do with mining or investing, but perhaps it is related to the season (too much rum with the eggnog at work?)…it’s one of the more bizarre stories we’ve seen in what has already been a crazy year…police in rural Manitoba say impaired driving charges are pending against a Zamboni operator…officers received a complaint Saturday about the man during a minor hockey game in Ste. Anne, southeast of Winnipeg…Marc Robichaud, chief of the town’s police department, says the machine was striking the rink’s boards and moving erratically around the ice…an officer spoke with the driver between periods of the game, then placed him under arrest…Robichaud says the man in his 30‘s, who was new to the ice-clearing job, has been released from custody…he is to face charges of impaired driving, refusing a breath sample and resisting arrest…Robichaud says arresting a Zamboni driver for impaired driving is a first for him, but the offence includes operating any motorized vehicle. “Liquor and any kind of motorized vehicle don’t mix, irregardless of whether it’s on the road or wherever it may be,” he said…there was no damage to the machine or the rink…
A reminder to everyone…please don’t drink and drive!
In today’s Morning Musings…
1. Long-term chart for Gold – how a move to $2,800 an ounce could unfold over the next few years…
2. High-grade producer Klondex Mines (KDX, TSX) looks even more attractive after acquiring idled Rice Lake mine at fire sale price…
3. Updates on 2 Lithium plays…
Plus more…to view the rest of today’s Morning Musings, login with your username and password, or click here to gain full access to this and other exclusive BMR content and features…
Great strength with maintaining the floor for EQT share price. Someone is scooping up a lot of cheap shares at the $.065 and $.07 level.
Comment by Jamie — December 22, 2015 @ 12:24 pm
Jon,I’ve been doing some DD on v.GEM.Looks like there’s an interesting dynamic possibly about to occur there.I was wondering if you have looked at it at all,and if so,what your thoughts are on it?
Comment by robinandthe7hoods — December 22, 2015 @ 12:30 pm
Jon, did you contact anyone with GGI today to determine why the sell off?
Thanks.
Comment by Dan1 — December 22, 2015 @ 12:41 pm
GGI wow. Down 17% to close at 12.5 on 3x the average volume. IR said last week that assays should be released before Christmas so it’s entirely possible that someone privy to those results are getting out. I hope this is not the case but the possibility exists.
Comment by Treb — December 22, 2015 @ 1:26 pm
The Sheslay Christmas tree is lighting up all right, it’s on fire.
Comment by ConcernedCitizen — December 22, 2015 @ 1:42 pm
Yesterday there were strong bids on GGI, today there was a sell off. I don’t know what caused either. I do know that it is the tax loss season and I also know that important drill results are due. It would be very easy to jump to conclusions but I am just recalling what Regoci said in a recent interview: ”The first chapters are just being written here with the Grizzly…it’s going to make an awful lot of shareholders happy.”
Regoci and BMR have put their reputations on the line with this publication. I don’t believe either party would do so without knowing the likely outcome. I picked up another 18,500 shares today.
Comment by Tom UK — December 22, 2015 @ 2:16 pm
Bold move Tom. I had a limit order in pre-market but pulled it just before the open. We’re all banking on bmr being right about Regoci and the potential of Grizzly. Whatever the case it’ll all play out in short order.
Comment by Treb — December 22, 2015 @ 2:29 pm
Spoke to Regoci, Dan1 – he didn’t seem rattled at all by what he also felt was unusual trading, likely connected with “year-end” issues. He’s a former broker – he has seen this before, even in GGI. Nothing is different today than it was yesterday in terms of the Grizzly or Mexico, he said, which is why this morning’s trading was so strange.
Comment by Jon - BMR — December 22, 2015 @ 2:35 pm
Yes, this year’s Christmas tree in the Sheslay is lit up with a lot of red lights! Look forward to closing out this calendar year and starting a new one!
Comment by DDD4 — December 22, 2015 @ 2:45 pm
I agree with post 55 from yesterday and post 5 today. Nothing has changed fundamentally UNTIL we see assays, but it has changed technically, no offense Jon. I just posted yesterday that the chart and trading behavior was mimmicking eqt after it hit .22 – As for Regotti, he is the only one who has seen the xrf results. Every ceo promotes his own stock with strong words. I have never known one to say we didnt show good results but we are hopeful of something good, and that probably never will happen. Hardy did it right by not posting pics and not saying a word. The pleasantly surprised comment he made is related to plan b which we are waiting to be announced, but they were not for the assays. i feel that i received a negative rapport from some of you on my post yesterday, and today, wa la.
Comment by dave — December 22, 2015 @ 2:50 pm
I happened to pick up another 60,000 shares today of GGI at 0.13.
#2 Robin, I also own quite quite bit of GEM.V. I friend of mine has has client who was(is) close to to story, and we should hopefully have news out shortly with a deal with China.
Comment by George — December 22, 2015 @ 2:58 pm
Dave – you da man!! So did you buy back that 94% of your total EQT holdings that you sold before assay results came out? If not why not, eh?
Merry Christmas Cowboy!!
Comment by Jeff — December 22, 2015 @ 3:04 pm
Dave – how Hardy “do it right”. They pumped that stock so hard. What core pics would they show us?
Good for you Dave. You are th K of technical analysis, maybe you should start your own blog so we can just follow you?
Comment by George — December 22, 2015 @ 3:08 pm
Dave- totally agree and glad you said it because coming from me there would be many more posts to counter my post….anyways some don’t bother reading my posts (lol). All CEOs are biased and I have yet to see a CEO not be optimistic about upcoming results. All CEOs are self promoters of their stock and speak like their potential is blue sky. For this reason I never speak to anyone directly involved with a company (ie management) and always do my DD and speak with independent sources.
Comment by DDD4 — December 22, 2015 @ 3:16 pm
Dave- are you hearing that a NR is imminent for EQT,
as you indicated earlier? The volume continues, and
that tells me there is still a lot of interest in this play,
and perhaps Plan B- if it’s another property. The current
price, will look like a bargain, when the drill starts turning
in the new year.
Comment by Bob — December 22, 2015 @ 3:30 pm
DDD4 – i didn’t think anyone reads my post either after last night. This board turning into a SH. Everybody knows everything. Look at the sellers and the time of trades on ggi. the forced sell was blown out early, what happened after that. I’m not down on ggi and hope the assays are great, but I saw this coming in the interim, thats all I’m saying.
Comment by dave — December 22, 2015 @ 3:51 pm
Agee with you DDD4 and Dave. The CEO has no option but to present an optimistic outlook ,no matter what the material presented to him. Seems alot of people have built in very high hopes of an initial fantastic result. The share price isn’t very inflated at present, I don’t see a big swing in either direction following results.
Comment by PaulH — December 22, 2015 @ 3:56 pm
EQT- I feel that its a perfect example of why people are scared of investing in the TSX-V. They pumped it hard and made themselves look bad in the end. Getting all eyes looking at them prematurely is never a good tactic and hopefully they will have learned their lesson……one shouldn’t cry wolf unless its confirmed. They went to many countries talking about another possible Voisey’s Bay. They posted pictures of one of the geos from the Voisey’s discovery holding a book about the Voisey’s Discovery, etc, etc. They even paid for promotional articles about the potential and referred to the Voisey’s Bay discovery. Its always better to keep the money for drilling and let the results do the talking. Unfortunately EQT makes me think of the VSE days. Based on my experience, if management of a TSX-V company is promoting blue sky potential that’s usually a very bad sign to stay away.
Comment by DDD4 — December 22, 2015 @ 4:01 pm
DDD4 – yes, we know your stance on GGI. You have spoken to many geos and there results will be okay but not great and not a disaster. Maybe you and Dave should open your own blogs together so that we can follow?
Comment by George — December 22, 2015 @ 4:08 pm
It seems like CEO’s are in a no win situation with shareholders here, if they don’t promote enough they get criticized (ie. Regoci here previously), if they promote too much they get criticized (ie. EQT). At the end of the day we all need to do our own research (as DDD4 suggested) and manage the risk we are comfortable with appropriately. Always be a bit skeptical and always protect your capital, those are my rules.
Comment by Danny — December 22, 2015 @ 4:25 pm
Thanks,George.Appreciate the response.Looks like GEM could be a mover.
Comment by robinandthe7hoods — December 22, 2015 @ 4:35 pm
DBV year end up date out tonight. Received by email to shareholders and I can’t yet figure out how to copy on my phone to paste here..UGH!
Comment by Jamie — December 22, 2015 @ 4:36 pm
Doubleview Capital Corp.
TSX.V : DBV || OTC Market : DBLVF || Germany : 1D4
To the Shareholders and Associates of Doubleview Capital Corp:
The winter solstice is traditionally a time of celebration and reflection as we recognize the end of days of increasing darkness and gloom and the commencement of a renewed and brighter New Year. It is an opportunity for us, individually and as a community, to not only express appreciation for the many blessings that we enjoy and to share goodwill with all, but also to recognize our good fortune in living in a country of peace and opportunity. Our strong tradition of helping those in need by extending friendship and sustenance is alive and well and will endure.
Although the passing year has been one of many challenges for Doubleview Capital Corp., the future is indeed bright as we commence a New Year with confidence and high expectations. Doubleview and it’s management wish all it’s shareholders, associates, suppliers and friends a very happy and peaceful holiday season. The Company looks forward to a busy and productive New Year that will bring further success as we continue exploration and measurement of our Hat gold-copper alkalic porphyry Project in northern British Columbia.
Since acquiring the Hat Property in 2011, Doubleview has made very impressive progress, including technical surveys and more than 8300 metres of diamond drilling. The Lisle Zone discovery in 2014 was a most significant development as it confirmed the exploration model and, potentially, the value of numerous geologically similar parts of the property and continues to be expanded by each additional drill hole. Doubleview’s 2016 exploration program will include further definition of the Lisle Zone in order to determine its size and metal content, and drill testing of many of the areas with characteristics similar to that Zone. The outlook for the Hat Project is very promising and the Company is determined to advance as rapidly as practical to a resource estimation.
Doubleview, in spite of the very difficult financial market conditions of recent years, has raised more than $4,000,000 in equity financing from public and private sources and the Company thanks its many shareholders for their strong and ongoing support and confidence. The Directors and equity market associates have been especially helpful in advancing Doubleview’s profile and broadening its market exposure. Additionally, the support of the Company’s suppliers and employees from northern British Columbia has been invaluable and enabled many efficiencies. Our success would not have happened without their efforts and encouragement. Words of thanks are scarcely adequate to express our sincere appreciation of their cooperation in what on occasion has been a challenging work environment.
The Hat Project is fully bonded and permitted and is in compliance with all applicable provincial regulations. Work at the property will resume early in the New Year and in keeping with Doubleview’s policies, the Company will continue to provide updated detailed information as work progresses.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
Comment by Guy Delisle — December 22, 2015 @ 4:44 pm
Winter solstice message from DBV , they will resume work early in 2016 at the Hat.
Comment by Les — December 22, 2015 @ 4:45 pm
DBV message to shareholders
doubleview.ca/shareholders-associates-doubleview-capital-corp/
Comment by Les — December 22, 2015 @ 4:48 pm
I would think continuing hole #25 will be top priority as soon as they get back on site after the Christmas break. Looks like 2016 will be off to a good start now the the Chad Day fiasco has been dealt with. Good luck to everyone and have a Merry Christmas.
Comment by Les — December 22, 2015 @ 6:02 pm
Very unusual for DBV to put out a message to shareholders…..definitely nice to see! Like many of us, it looks like they’re looking forward to 2016.
Comment by DDD4 — December 22, 2015 @ 6:33 pm
Jon, thanks for speaking to Regoci. Picked up a few thousand more GGI shares today.
Comment by Dan1 — December 22, 2015 @ 6:47 pm
Why oh why do we follow the verbiage of posters and CEO’s and self-professed Gandhi’s … Dave … you are not to be blamed, but you are to be placed in a position of creating a stir beyond the norm… which makes one wonder why… no one knows who you are.. as no one knows who I am. just sayin we all need to be careful. It was commented on the Noront board at agoracom that there may be paid bashers and promoters… same could be here… get ready for the denials!:) from who I dont know.. but read the archives
while there were many other EQT pumps out there.. we all need to be very careful of the nuances that are presented .. Kyler is to be held in doubt.. and of course he has a plan B… it really didn’t matter if they hit or not.. they raised the dough.. spent hardly any and now have 3 years of employment because of it… prove me wrong…
Walter Emond.. WTF is HE doing here.. trying to pump his Heron crap… facts peeps
opinions shouldn’t count .. how many times do I have to tell myself!!!! could care less where they come from cause they are all the same… opinions!!!! nothing more nothing less…
Including mine… cause thats all it is… good night Irene
GGI and DBV .. do they fall under the same umbrella..???? WHO KNOWS… like really… but who really cares??
Comment by Jeremy — December 22, 2015 @ 7:55 pm
Danny – your post 20 was dead on. Bob – was hoping and hearing plan B was goint to be announced on Monday and it is looking very very nice, but then again what ya hear and what happens are 2 different things. Everybody is entitled to their opinion, but i still am somewhat surprised on the comments about eqt. They just started exploring and are going back, they are no where near done. It will still continue to be promoted im sure, and the price will not remain at .07. I would agree that the price would stay there if it was a company not doing anything and the ceo was sitting on his rump cause of the market, this is not the case with eqt. I said long ago that eqt and ggi have a legitimate shot and I remain with that feeling.
Comment by dave — December 22, 2015 @ 8:13 pm
Jeremy, I agree these has been some promotion of stocks by people on this board that has been over the top. Not going to mention names because I have no desire to get into a pissing contest with anybody and I will give them the benefit of the doubt in that I would prefer to believe that perhaps they just got a little too excited and wanted to share their enthusiasm with others. Perhaps some have an agenda. But at the end of the day we are all responsible for doing our own DD. Anything mentioned here should only be a starting point for our own DD. I will not blame others if my stock choices don’t do well.
Comment by Danny — December 22, 2015 @ 8:38 pm
Jeremy, i do love your posts and you have valid points. I look forward to your post as they are somewhat a reflection of Bert. Im sure that you can say i was excited with eqt seeing that price run up before the assays. Knowing that they are not done and still have a shot at the home run still excites me. I wish you and your family a Merry Christmas as well as all bmr members, and Bert, rest his soul.
Comment by dave — December 22, 2015 @ 9:11 pm
DDD4, DBV – are you sure you can believe the CEO and his letter to shareholders? Seems overly optimistic to me. You said yourself you would stay away…
Comment by George — December 23, 2015 @ 12:53 am
DBV message feels like a lot of waffle IMO. Confirmation that core samples had been cut and on the way to the lab would have been welcome.
Comment by Tom UK — December 23, 2015 @ 12:58 am
Dave – yes Bert and I had a common thread as such.. 🙂 we are/were both older:) wiser??? who knows.. I just finshed reading about the FN’s transparency act lifting and some of the things that had been found out before the compliance requirements were lifted..
http://news.nationalpost.com/full-comment/kelly-mcparland-ottawa-pleads-openness-while-reducing-first-nations-transparency
some here… so I might have had a jag on already:) there was no intention to enter into a pi&&ing contest for sure.. but I was already on a roll:) but I am becoming mad as hell and dont want to take it anymore!!!!
Comment by Jeremy — December 23, 2015 @ 5:30 am
George- you seem to misunderstand. I never speak to CEOs so that I can remain unbiased….reading a message is very different than speaking on the phone with a CEO…don’t you think? I skimmed through it without reading it word for word as its just words that don’t add any value to my retirement fund……the results are what matters. GGI’s interviews and all other shareholder messages/interviews are ALL overly optimistic and many get sucked into their biased messages and unfortunately lose a lot more than they should if the company doesn’t deliver. I fell victim a very long time ago and now don’t communicate with management of any company. To me their like a used car salesman trying to sell you a car…….the will always be optimistic no matter how bad a situation is!
Comment by DDD4 — December 23, 2015 @ 6:07 am
My opinion is that if GGI had assays, now is the time to release them just two days prior to tax loss selling. There aren’t too many owners of GGI shares above 15 cents I believe and so not much tax loss selling anyway. Yesterday’s drop wasn’t on a massive volume day so it appears to me that GGI is pretty much immune to tax loss selling. Come on Regoci, put something in my stocking for Christmas, just not a lump of coal.
Comment by Dan1 — December 23, 2015 @ 6:08 am
I do understand DBV’s optimism for 2016. Those that don’t understand the chain of events and what the company knows just haven’t done enough DD or are blind to the facts. Jon has spelled it out many times that the CD incident happened for a very specific reason. DBV has seen the rest of the core for H23 which has intentionally not been sent to the lab due to the circumstances. If the remainder of H23 wasn’t good it wouldn’t have mattered to sent it to the lab and announce it during this saga. Matter of fact if H23 isn’t good the company will have demonstrated bad judgment in not getting it out during the CD issue! DBV has seen the step-out core of H24 and H25 which triggered the chain of events with CD. Now that Dr Razique is excited and his model confirmed, knowing what H23, H24 and H25 core look like I think their optimism is founded on something. Ask yourself, why would a person with Dr Razique’s background leave what he was doing with Antofagasta for a small explorer like DBV??? Most importantly, why would a highly qualified person like himself stick with DBV after being with it for a year and only drilling 1.5 holes in 12 months! If he truly didn’t see something special I think he would have left DBV a while ago with all the CD issues. The fact that he stuck through this issue and didn’t go make himself more useful with another company that is drilling a promising property speaks for itself! Bring on 2016…..once cashed up and drilling I believe DBV will get a lot more respect…..
Comment by DDD4 — December 23, 2015 @ 6:23 am
Finally price of crude oil moving up and the Loonie off its lows…..I love that the price of gas is only .45 USD/litre but I prefer a stronger Loonie and paying more for my gas guzzling vehicles!
Comment by DDD4 — December 23, 2015 @ 6:38 am
If DBV doesn’t have lab results from 23, 24 or 25, then Razique’s enthusiam is all based on XRF or visuals? sound familiar to any other stock? lol good luck to all
Comment by david — December 23, 2015 @ 7:12 am
Based on the keen eye of an expert in porphyries….they haven’t been using an XRF.
Comment by DDD4 — December 23, 2015 @ 7:30 am
So Dr Razique is the only expert? And his eyes are better than assays ? Now I’ve heard it all lol
Merry Christmas Everyone
Comment by Greg — December 23, 2015 @ 8:24 am
DDD4, why are you so ready to believe that DBV’s results will be good, but not believe that GGI’s will be good? It seems based on the fact that Dr Razique is reported to be back at the camp. You just stated that ”Now that Dr Razique is excited and his model confirmed” – how do we know the model has been confirmed without actual assay results?
I’m disappointed that no NR has come out today and will be phoning GGI’s IR company later.
Comment by Tom UK — December 23, 2015 @ 8:26 am
I think someone on the board said that half the cores for Dbv were sent to the lab last week and other half would be sent this week before Christmas? Any word as to if they have been sent?
Comment by Sameer — December 23, 2015 @ 8:29 am
Tom, keep in mind, it’s only 8:30 in the morning out here, you’re in the UK I believe…the day on the West Coast of B.C. is still young…
Comment by Jon - BMR — December 23, 2015 @ 8:30 am
DDD4 your post # 38 is spot on . If one were to believe Dr. Razique is hanging around the DBV office without pay because he has nothing else to do and that DBV is existing on a wing and a prayer they are badly mistaken . Rest assured Antofagasta knows every detail that is happening with DBV. Yes , it would have been good to hear that all the core samples were in the lab , but making the statement that DBV will be back on site early in 2016 is more than adequate as Farshad has never over hyped or been overly optimistic like some other CEO’s that are discussed on this board.
Comment by Les — December 23, 2015 @ 8:32 am
GGI in my opinion won’t disappoint. They have the most important piece of technical equipment other than the fire assays on site. The XRF analyzer. If Regoci says he likes what he saw then I believe him because it is not just visuals they are going on. Merry Christmas everyone.
Comment by Dan1 — December 23, 2015 @ 8:34 am
Keep in mind that what a geo or CEO likes may not be what the markets likes. A geo might say he likes what he sees but it might not be high grades and just a good sign. This market doesn’t want promising signs that look good…..they want high grades.
Comment by DDD4 — December 23, 2015 @ 8:54 am
As has been said here many times before, lets stop playing the game of which is better, DBV or GGI. It is entirely possible that both will do well…or maybe not. The facts are that GGI has no Sheslay assays released yet to make an informed decision. Whenever they do, we will know for sure what they have found thus far. Relying on a CEO statement that he likes what he saw could mean anything really. I am sure Hardy would say that he likes what he has seen thus far with EQT assays. I have heard they are being referred to as a technical success, yet the market reacted negatively. All in the eye of the beholder I would say.
DBV is just farther along in their exploration phase and there for knows more about what they have discovered thus far. Dr Razique and I am sure Antofagasta knows this as well which is why they are even discussed in the DBV conversation. When GGI reaches the same exploration maturity level we will have much more to discuss I am sure. Perhaps it will be as good or better as what DBV has found thus far. Hope everyone has a great holiday and looking forward to 2016.
Comment by Jamie — December 23, 2015 @ 8:56 am
The confirmation of Dr Razique’s model was discussed a while ago. One doesn’t need an XRF or assays from a lab to get excited or to confirm if one’s geological interpretation of a model is correct……this is where experience and background are vital.
Comment by DDD4 — December 23, 2015 @ 8:58 am
DDD4 Excellent post (38). But your GGI position is a bit venomous. If GGI underdelivers then Regoci’s and BMR’s reputations are in the gutter, but if GGI delivers then BMR was privy to insider information (your post today on SH)? So no matter the outcome you trash GGI and BMR? jmo
Comment by ConcernedCitizen — December 23, 2015 @ 9:01 am
Thanks Jon, yes I am going to leave it until after I have had my evening meal 🙂
They always have time to talk to me, but I’m not sure they are totally in the loop sometimes. I’ll wish them a merry xmas even if I don’t get any update. I feel as though there are gaps in information from Mexico this year.
Comment by Tom UK — December 23, 2015 @ 9:07 am
Alrhough there’s a lot of divided opinions of both DBV and GGI…..let’s hope both GGI and DBV hit it big with their next batch of results as we need more people covering this area and most importantly more eyes on it. I have been following the Sheslay plays for years now and have been in/out of the main players based on potential. If both DBV and GGI can deliver I think we all will be reunited as one big happy family with common opinions and goals…. here’s to 2016 being a very prosperous one for the Sheslay shareholders! Divided options but all here for a common goal……
Comment by DDD4 — December 23, 2015 @ 9:08 am
Yes DDD4, that is very disrespectful towards BMR.
BMR have been recommending several companies in the Sheslay area for several years i.e. long before DBV or GGI started drilling. Their positive outlook on the Grizzly property has been building for some time based on their due diligence. If the drill results come back fantastic, that will be a feather in their caps due to their foresight of 3 or so years ago and NOT inside information.
Comment by Tom UK — December 23, 2015 @ 9:14 am
CC – paraphrasing a post and not reading the rest of the posts makes it misleading. Don’t you think? It’s not trashing….it’s reality….every time one states one’s beliefs/opinions publically it either increases credibility or lessens it. We have been seeing it here as people are calling others out for being wrong. Like everyone here that states an opinion my credibility is also at stake for what I say publicly.
Look at how many CEO have lost credibility in this market for what they said.
Comment by DDD4 — December 23, 2015 @ 9:18 am
Misleading? Bad results they (BMR, GGI) lose all their credibility, everything is at stake. But in the event of good results it will look like GGI insider info passed to BMR. Am I paraphrasing you correctly now?
Comment by ConcernedCitizen — December 23, 2015 @ 9:25 am
I never said it would be because of insider information…..I said it will look like it…..because of their belief in this grass roots play well before they hit the ground. BMR is the most informed on this play and they have done a tremendous amount of DD. If right they will be highly recognized for their hindsight and research and I think they will be on par with some of the more popular well known newsletter writers.
Comment by DDD4 — December 23, 2015 @ 9:27 am
CDNX up 6.22 points today a sign of better things to come in 2016.
Comment by Les — December 23, 2015 @ 9:36 am
CDNX and oil up as we close 2015 and hopefully it’s the trend for 2016…..now let’s hope gold (and copper) start an uptrend!
Comment by DDD4 — December 23, 2015 @ 9:47 am
Yes, BMR has invested a lot of time and effort into the Sheslay area long before any drill results were announced and their reputation will be made/or not made on how things turn out here. BMR has a lot at stake with this play. I own GGI and not DBV but I hope DBV hits it big for so many reasons that I think are pretty obvious. I don’t get how this DBV/GGI thing has caused divisions here.
Comment by Danny — December 23, 2015 @ 9:56 am
In the end, I think both GGI and DBV will be winners with more drilling. Which one will provide a bigger return? Who knows…..buy one or the other or both to reduce risk. I think shareholders are losing patience but still have the faith in the plays…..some of us have been in these for years now….tensions are high but within 6 weeks both will have announced results and we will know where we stand……hopefully reunited with both plays reaping rewards. The CD saga took a toll on Sheslay shareholders. For DBV shareholders it was a bad year with only 1.5 holes drilled and CD interfering…..it can only get better from here.
Comment by DDD4 — December 23, 2015 @ 10:19 am