Gold has traded between $1,200 and $1,223 so far today…as of 9:00 am Pacific, bullion is up $10 an ounce at $1,218…Silver has gained 9 cents to $15.36…Copper is flat at $2.07…Crude Oil is up 8 cents at $30.74 while the U.S. Dollar Index is unchanged at 96.97…
Risks to global growth have increased since November and world leaders have little left in their fiscal and monetary arsenals to mitigate the threat, Moody’s has warned…in a quarterly Global Macro Outlook 2016-17 report released today, the ratings agency said that growth prospects were being hammered by China’s slowdown, a slump in commodity prices and tighter financing conditions in some emerging markets…this pain would outweigh factors helpful to growth, such as the loose monetary policy in Europe, Japan and the U.S., Moody’s said…central banks have limited room to battle these risks, in Moody’s view…
A Federal Reserve official who was one of the strongest advocates of raising rates last year now believes the central bank should refrain from further boosts in borrowing costs for now….in a speech in St. Louis yesterday, Federal Reserve Bank of St. Louis President James Bullard, a voting member of the FOMC, said declining interest rate expectations and declines in financial markets argue against further boosts in the central bank’s short-term interest rate target, which for now rests at a range of 0.25% to 0.50%. “Inflation expectations have fallen further,” and with the losses seen in markets, “the risk of asset price bubbles over the medium-term appears to have diminished,” he said. “That takes pressure off the Fed relative to last year, when the price outlook and high asset prices pointed to a need for higher rates.”
Oil Update
Oil prices pared gains in the last hour after U.S. government data showed a rise in U.S. Crude stockpiles, contradicting an earlier industry report…the Energy Information Administration (EIA) reported Crude inventories rose by 2.1 million barrels in the last week as refineries hiked output…futures had earlier gained support after the American Petroleum Institute, an industry group, said U.S. crude stocks unexpectedly fell by 3.3 million barrels last week…
Iraq today stopped short of saying it would curb production of Oil to prop up sagging prices, saying negotiations are still ongoing among OPEC members…Oil Minister Adel Abdul Mahdi said his country supports any decision that will serve producers, prop up prices and achieve balance in the crude markets…however, he didn’t explicitly say whether Iraq would curb its own output (they likely have no intention to, they keep increasing production like Iran), but said any rapprochement between all sides to restrict Crude output is a step in the right direction…his comments came a day after Iran’s Oil minister also didn’t commit to limiting production, throwing into question the future of a plan brokered by Saudi Arabia and Russia this week for major Oil producing countries to limit their output to last month’s levels…
There’s still a possibility, however, for a WTIC rally into the mid-to-upper 30’s, and we’ll explore that in a chart in today’s Morning Musings…
Canada’s new federal government is mulling the possibility of giving Quebec-based Bombardier (BBD.A, TSX) a financial lifeline, which probably won’t go over too well in the West given the Trudeau Liberals’ indifference to the problems in the Oil patch and how the economies of Alberta and Saskatchewan, in particular, are suffering…in fact, the Liberals are contributing to Canada’s energy sector decline, much to the delight of Saudi Arabia as Allan Richarz wrote in a column yesterday in the Financial Post…
“So proud is the Trudeau government of its action on environmental stewardship and climate change that it essentially does the Saudis’ dirty work for them. By tightening the screws on domestic Canadian production while seeing an increase in Saudi-originating imports – the Financial Post reporting recently on the significant rise in imports of Saudi oil by Canada – we are helping to accelerate the rate of our own energy-sector’s decline.”
In today’s Morning Musings…
1. Updated short-term Venture chart as Index crosses 520 level…
2. OceanaGold (OGC, TSX) touches $4 after releasing Q4 and full-year financials…
3. A non-resource play heats up…
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…
DBV news – lost the injunction against Day .More time, more court. Without the order, they can go up there and intimidate the workers agian in DBV starts drilling.
Comment by dave — February 18, 2016 @ 9:38 am
Gold is soaring, stocks are doubling like BGM and SSP, and here we sit with our thumbs in our mouth. there, that is my rant for the day.
Comment by dave — February 18, 2016 @ 9:42 am
I took a position in CLZ and REX. They initially planned 10 holes. They punched 17 holes and plan to go right back at it early March with another 3000 meters. In my opinion this is as good as it gets as to what they expect. The first hole as we all know was a barn burner.
Comment by Dan1 — February 18, 2016 @ 9:58 am
marketwired.com/press-release/doubleview-lawsuit-against-tahltan-leaders-and-elders-dismissed-2097772.htm
Jesus Christ, so Chad Day can blockade DBV and GGI all he want?
Comment by ConcernedCitizen — February 18, 2016 @ 10:06 am
Jon, no thoughts on the expected update from GGI this week?
Comment by Dan1 — February 18, 2016 @ 10:07 am
“the court expressed doubt whether Doubleview has the legal right to drill at the property and found there is significant risk to the defendants and the Tahltan Nation if exploration work continues without required archeological work first being undertaken”
What the hell does this even mean? WTF
Comment by ConcernedCitizen — February 18, 2016 @ 10:09 am
Chad Day and group did not stop GGI from drilling and if they attempt to interfere with DBV again they will be hit with annother injunction. The judge gave DBV permission to renew its application and I’m sure DBV will if necessary in the future.
From Stockwatch
by Mike Caswell
Doubleview Capital Corp. has lost its application in the Supreme Court of British Columbia for an injunction against a group of Indian leaders who it claims halted drilling at the company’s Hat property. A judge has ruled that the terms of the injunction Doubleview was seeking, which included orders against physical interference, were not appropriate in the circumstances. The group had not physically stopped any work. The judge gave the company permission to renew its application with more suitable terms.
The ruling, released on Wednesday, Feb. 17, comes as part of a case that Doubleview has been pursuing against a group of Tahltan led by a man named Chad Day. The company complained that the group arrived unannounced at its Hat property in northwestern B.C. in July, 2015, and effectively shut down drilling. The group did so by intimidating contractors into leaving, the company said. Doubleview asked for an injunction that would prevent the Tahltan from physically impeding work, threatening contractors and creating a nuisance.
Comment by Lester — February 18, 2016 @ 10:16 am
Dave, BGM doing well, they are now debt free..should continue to do well under new management
Comment by Sameer — February 18, 2016 @ 10:16 am
GGI, BMR – I would like to sell my GGI shares. my break even is 0.14. Will you be covering the difference?
Comment by George — February 18, 2016 @ 10:22 am
Hope GGI doesn’t run into a road block with the Tahltan. I guess thats why they held a meeting wit them about three weeks ago. Probably the reason they went back to Mexico and why only 5 holes at the Grizzly. I mean why stop if you have the camp winterized and knew they were into high grade mineralization. The hand held XRF analyzer told them that. They could have simply kept on drilling and even put a deep hole around hole 3 to see how far it went. Why wouldn’t you with the drill already on site. Something is just not right.
Comment by Dan1 — February 18, 2016 @ 10:24 am
What has happened here is Chad Day and group are off the hook for the stunt they pulled last summer. But should they do this again DBV would have to seek another injunction. It appears the lawyers were the big winners as usual.
Comment by Lester — February 18, 2016 @ 10:24 am
Lester, the way I see it is Day can go up there anytime and bully the workers again. I see it as a victory for Day. Nobody saw this in the morning?. It is now the top story on left header of stockwatch.
George, I beat ya to it. Those were my 50k first thing this morning. Made $500, I will take it.
Comment by dave — February 18, 2016 @ 10:43 am
So what small cap gold stocks are the ones to buy before they move…?
Comment by George — February 18, 2016 @ 10:46 am
The best part is that GGI is down more than DBV today…lol…
Comment by George — February 18, 2016 @ 10:48 am
Dan1 – Have you contacted GGI IR or Regoci himself to ask these questions?
Comment by George — February 18, 2016 @ 10:49 am
Dan – I am always here to throw my 2 cents in buddy. You are brave buying clz at these levels. TA is showing a healthy correction is needed.
I have 2 picks, one is correcting and one has bottomed. One of them I am confident it will fly. Hopefully soon , i will take my fill and mention them.
Comment by dave — February 18, 2016 @ 10:50 am
easy George, timing is everything. When I am in, I mention. I pick my spots well.
Comment by dave — February 18, 2016 @ 11:01 am
Dave – what are you referring to easy on…?
I do agree with you on CLZ and REX, they seem ready for a pullback.
LIX – PP coming off in March and april
ABR – is this next to LIX, good time to buy?
IBG – I was a buyer in the mid 2s.
Comment by George — February 18, 2016 @ 11:10 am
Dave – you sold GGI? What happened to all your talk last week of big money coming into GGI and you are a buyer and etc etc???
Comment by George — February 18, 2016 @ 11:12 am
Oh where Oh where is Jon and BMR on this DBV news, with this news it appears Chad Day can hold GGI and DBV and whoever else wants to drill in the Shesley hostage…
this really sucks….
Comment by GREGH — February 18, 2016 @ 11:15 am
All of us holding GGI and DBV are screwed now…
Comment by GREGH — February 18, 2016 @ 11:16 am
Gregh, not sure what the fuss is all about. DBV loses an injunction – big deal, and I’m not at all surprised given the liberal judges in the courts. Anyway, DBV has legal drill permits and a property covered entirely by a Land Use Plan. Farshad personalized the issue with Chad Day which in my opinion he should not have done (we stated that before). He’ll have to work on that relationship.
In the case of GGI, the injunction thing has absolutely nothing to do with them – as evidenced by the fact they were drilling not long after the Hat “blockade”. Regoci has worked hard to develop a solid relationship with Day, and they have the green light to continue doing what they’re doing. He also met with the entire Tahltan Central Council in January. The district moves forward, as simple as that. Day’s motivation for his uprising last year was due to the fact he was trying to use this district as leverage with the provincial government on a broader agreement between the Tahltan and the province. His tactics caused him a lot of grief with the government.
Remember, too, that the Sheslay district is a claim overlap area. The Taku River Tlingits likely have a greater “claim” to the district, which is why they were able to negotiate a Land Use Plan with the province that supports exploration and development throughout the Sheslay Corridor. The Tahltan only CLAIM this to be their area. The Tlingits have been involved in the Treaty process, the Tahltan have not.
People who react on emotion to news like we saw this morning without thinking it through or understanding the facts are simply foolish.
If you’re an investor in the Canadian junior exploration market, native issues are widespread – that’s a fact of life. Doesn’t mean things don’t go forward. GGI has demonstrated that over the last 6 months, and things will move forward at the Hat.
Comment by Jon - BMR — February 18, 2016 @ 11:32 am
Dave , I see it as a non decision by the court ( everybody just play nice ) no one was awarded anything . If Chad Day and group intervene again DBV will seek another injunction worded differently.
Comment by Lester — February 18, 2016 @ 11:32 am
From Stockwatch – DBV
The judge gave the company permission to renew its application with more suitable terms.
Comment by Lester — February 18, 2016 @ 11:39 am
Dave – so you are selling GGI and your deep pocket friend is buying GGI? We’re you just pumping the stock so flip for a 0.01? I’m confused…
Comment by George — February 18, 2016 @ 11:42 am
You are probably right Dave regarding the TA on CLZ and REX but I am going on fundamentals long term not short term. I probably would have gotten in lower but what they hit on the first hole is what major discoveries are made of. No disrespect but your TA was wrong on GGI this week. Just a little dig in fun.
Comment by Dan1 — February 18, 2016 @ 11:46 am
George IR told me this week so I expect at the close today or tomorrow morning.
Comment by Dan1 — February 18, 2016 @ 11:47 am
George, yes I sold GGI. My contact said he was going to buy this week. I spoke to him pre-market and he said he will wait to see if the NR is issued. I saw an opportunity and I took it.
My comment of “easy George” was because you said in an earlier post about where are these small junoirs that we are suppose to buy. I took it as you referring to the picks I am watching. My apology to you if you were not referring to me.
Jon, the one red flag that I see in the DBV news is that Chad Day is not restricted from going on DBV property. He and his people can start intimidating the workers to stop drilling again and we are right back from where we started. I could be wrong, but it is a thought of concern.
Comment by dave — February 18, 2016 @ 11:53 am
Dave – So last week you were pumping GGI and today you sold and nothing has changed fundamentally. How do you think that looks to everyone who reads and listens to what you write?
Also, I wasn’t referring to you with respect to small juniors. I was speaking in general to the group.
Comment by George — February 18, 2016 @ 12:04 pm
No offense taken Dan. Only go by what I see or sniff at the time. Hey, its the venture ya know.
Comment by dave — February 18, 2016 @ 12:08 pm
It is funny how when I talk about a stock, its pumping, but when everyone else is writing hundreds of post a week, its nothing. Well, I know how to solve this issue. If I don’t talk, I don’t pump.
Comment by dave — February 18, 2016 @ 12:10 pm
Good luck on those trades Dan1. Hopefully they work out. TA is right until its wrong, so it could continue to go up.
Comment by George — February 18, 2016 @ 12:12 pm
Some people got some cheap shares today from nervous nellies that sold DBV that has a very good gold content in their mineralization all on a day when gold takes another move up.. Go figure !
Comment by Lester — February 18, 2016 @ 12:23 pm
Just for you George. Ok, a little walk did wonders. I mentioned in my post #28 about my conversation PRe-market with my contact that he was going to wait for the NR. There was no NR this morning and I followed his lead and sold making a few bucks. I did not sell because any fundamentals changed. I sold in case others sold too because of no NR and the chance that the stock drops, whereby, I can buy it back cheaper. It does not mean that I do not believe in GGI. I saw an opportunity to make a little and I took it.
Now, that being said, I can always buy it back when the NR comes out if I like it and I feel that GGI will move up.
There are 2 new stocks that I am going to be buying and I will decide how much to whom shortly. If GGI NR comes out and its in play, then I buy GGI back with some of my money. If GGI is lower, than it is to my benefit, if it is higher, I lose some gains when I buy it back.
Now, I am sure to some this looks bad. This is why I do not like to announce position size. The bottom line is that I am not down on GGI, rather I am looking to position myself better with everything going on right now.
Comment by dave — February 18, 2016 @ 12:36 pm
Great trading Dave. All the best.
Comment by George — February 18, 2016 @ 12:51 pm
thank you George. This is a small board. I have mentioned many times I would like everyone to be green on their trading and not lose. I do not like to see people lose money. I feel bad you are down, but I hope that I am buying GGI back soon cause that means you are closing in on your buy price.
I think GGI has enormous potential, and I still think that it is going to be that one NR, When is it going to happen. I agree with you, they are slow.
Comment by dave — February 18, 2016 @ 1:12 pm
Dave-got home late from work and read your post about no talking equals no pumping. Please don’t stop talking. I never would have found EQT if it wasn’t for you and that was a great trade. Just tell it like you know and remember we are all big boys responsible for our own trading decisions. I have noticed a few posts lately about some wanting others to cover for their losses but wonder if they would buck up their profits if it was the other way around. Always look forward to what you have to say and have a great time down south. Cheers!
Comment by DBReese — February 18, 2016 @ 9:17 pm
GGI – I feel that if they release positive results in Mexico than this could kick start the stock to start catching up the other gold stocks and there recent moves.
Comment by George — February 18, 2016 @ 9:53 pm
DBV has issued a letter to it’s investors
Doubleview Capital Corp.
TSX.V : DBV || OTC Market : DBLVF || Germany : 1D4
Judgement by Supreme Court of British Columbia
Dear Friend / Investor
A newsletter regarding court ruling was published on 18/2/16 by some news outlets. The newsletter failed to provide a complete review of this judgement by SUPREME COURT OF BRITISH COLUMBIA. Below are some highlights of the ruling amongst others;
[67] In the present circumstances, I am satisfied that the plaintiff has established a strong arguable case that the defendants’ conduct satisfies the requirements of this second branch of the tort of conspiracy. The element of unlawful conduct could, in the circumstances we are considering, be satisfied by the tort of inducing breach of contract. This, indeed, was discussed by the Court of Queen’s Bench in Lumley at p 754-755 (ER). There is certainly a strong argument to be made that the conduct was directed at Doubleview among others, in circumstances such that the defendants could be expected to know that injury to Doubleview was likely to result.
[72] On the questionable assumption that Doubleview has the right to proceed with drilling at the Hat property, then of the various causes of action alleged, Doubleview has established a strong arguable claim under the torts of inducing breach of contract and conspiracy.
[81] The application is dismissed, but Doubleview has leave to renew its application on proper notice to the defendants. Any such application should be supported by appropriate evidence on the issue of the applicability of Mr. Bible’s recommendations to the drilling program, and should be confined to seeking relief that is appropriate to the circumstances. I am seized of this matter.
[82] The defendants are entitled to their costs of this application in any event of the cause. They requested that, in the event of a dismissal, the award of costs be made payable forthwith on the ground that proceedings such as this seldom advance to a conclusion, and an award of costs would otherwise be empty. While that is indeed often the case, I apprehend that this matter may very well proceed at least to a further application. I therefore decline to order that the costs be payable forthwith. The defendants are at liberty to seek such an order in the event that the application is either abandoned, or renewed and again dismissed.
Please follow the link below to read the complete ruling.
courts.gov.bc.ca/jdb-txt/sc/16/02/2016BCSC0231.htm
In addition, should you have any questions about the Company or the Hat Project, please do not hesitate to email us at corporate@doubleview.ca .
Best Regards
Farshad Shirvani,
President & Chief Executive Officer
Comment by Lester — February 18, 2016 @ 10:21 pm
Ggi news out
garibaldiresources.com/s/NewsReleases.asp?ReportID=740114&_Type=News-Releases&_Title=Garibaldi-Prepares-To-Drill-Rambo-Gold-TargetbrNew-Mineral-Horizons-Outline…
Comment by Foz1971 — February 19, 2016 @ 4:13 am
February 19, 2016
Garibaldi Prepares To Drill Rambo Gold Target
New Mineral Horizons Outlined At Silver Eagle
Vancouver, British Columbia, February 19, 2016 – Garibaldi Resources Corp. is pleased to report that recent mapping and broadly-spaced sampling at its 100%-owned Rodadero Silver-Gold Project, in advance of fresh drilling, has outlined three new mineral horizons surrounding the Silver Eagle deposit west and up to 350 meters north of discovery hole SE-14-01.
Meanwhile, Garibaldi crews are now preparing to drill-test a potential new discovery area (“Rambo”) several km east of Silver Eagle contiguous to the northern boundary of privately held claims where a small-scale mining operation is extracting near-surface high-grade gold and silver from two main veins. Crushed vein material is being shipped to a nearby smelter in central Sonora State. Garibaldi is targeting similar gold-silver mineralization at Rambo at depths of less than 100 meters.
Steve Regoci, President and CEO, commented: “After 15 initial shallow drill holes and follow-up field work, it’s apparent that Silver Eagle has a potential strike length in excess of 2 km and hosts multiple lenses with average grades of 600 g/t Ag and widths of 1-5 meters. Discovery hole SE-14-01 returned 2,010 g/t Ag over a true width of 5.6 meters.
“The latest sampling to the west and the north further expands the Silver Eagle mineralized footprint,” Regoci continued, “and also suggests that gold could be present in these new areas as well, though this will require confirmation through additional drilling. Given this new information, we’ve been refining our exploration and development strategies at Silver Eagle while finalizing drilling plans at Rambo. The immediate objectives at Rodadero include a second drilling discovery for gold, further progress at Silver Eagle and the unlocking of value at other targets in the 12-target package covering 45 sq. km.”
Results from the last drill hole at Silver Eagle (6 meters grading 346 g/t Ag in SE-14-15, a 150-meter step-out from SE-14-01) confirmed that shallow high-grade mineralization exists north of the discovery hole, not just toward the south. This trend is believed to extend even further to the north in zones of crystal tuff with iron oxides where Niton XRF readings of surface samples have allowed the company to target another extension of the Silver Eagle system.
Sampling up to 125 meters west of drill hole SE-14-12a (1 m @ 1,352 g/t Ag) suggests that the high-grade mineralization tracks further westward as well.
Rodadero Maps & Photos
For additional information on the Rodadero Project, please visit the Garibaldi web site at GaribaldiResources.com or the following URL:
garibaldiresources.com/s/Rodadero.asp
Comment by Treb — February 19, 2016 @ 4:22 am
GGI news letter out on Rodadero.
Robert
Comment by Iceclimber — February 19, 2016 @ 4:28 am
Do the math—–Silver Eagle 2+ km strike length, multiple lenses with average grades of 600 g/t Ag over widths of 1-5 meters (excellent mining widths, $320 per tonne rock or equivalent to 8 g/t Au), 3 new horizons identified to the west and up to 350 m north of discovery hole…high-grade mineralization very close to surface…
High-grade gold shoots targeted in drilling at Rambo—-very possibly the next new discovery at Rodadero…target is contiguous to an extensive high-grade vein system featuring small scale gold and silver production…
Comment by Jon - BMR — February 19, 2016 @ 4:33 am
Well, there’s the news guys.
Comment by dave — February 19, 2016 @ 6:25 am
GGI – I am confused or were we not expecting assays from Rodadero? If we weren’t then excuse my ignorance. If we were, where the heck are they…?
Comment by George — February 19, 2016 @ 6:39 am
Unfortunately,by the time you get results from GGI,it will probably be July.Don’t be expecting any run on the share price until the summer earliest the way they release results.
Comment by robinandthe7hoods — February 19, 2016 @ 6:45 am
George we were expecting Rodadero update and La Patilla assays, I think.
GGI, great properties, hope investors start paying attention and showing some love.
Comment by ConcernedCitizen — February 19, 2016 @ 6:48 am
Incredible just incredible but not in a good way. Regoci reminds me of the ball player who points to the bleachers like he’s going to hit a home run then bunts. What ever happened to La patilla and all that ore they were stock pilling?
Comment by Its-only-money — February 19, 2016 @ 6:48 am
What they’ve done, George, is that they’ve carried out extensive sampling around Silver Eagle, resulting in the delineation of 3 new mineral horizons to the west and the north, and apparently some gold in this system there as well which would be a first at SE…ahead of next drilling at Silver Eagle they are drilling the high-grade gold target out to the east, at Rambo. So they’re fanning out from Silver Eagle which is good—-I suspect things will continue to ramp up over more than just those 2 targets over the coming weeks, with GGI getting into non-stop drilling.
It appears they’ve also more accurately refined the Silver Eagle mineralized body. If there is small-scale production happening out in the Rambo area, on privately held claims, that kind of scenario is one they are likely considering at SE given the near-surface, high-grade nature of that deposit.
Comment by Jon - BMR — February 19, 2016 @ 6:52 am
I like the sounds of ” suspect things will continue to ramp up over more than just those 2 targets over the coming weeks, with GGI getting into non-stop drilling.” How many holes can GGI drill before they have to do another financing? I know they raised almost a million in December…
Comment by johnz — February 19, 2016 @ 7:08 am
GGI – Why is mackie dumping. All the TA pointing down again, oh boy.
Comment by dave — February 19, 2016 @ 7:10 am
268k offer just showed up at .12 – ouch
Comment by dave — February 19, 2016 @ 7:11 am
BMR – can you please comment on pending assays from Mexico. Isn’t that what we’re were also expecting?
Comment by George — February 19, 2016 @ 7:12 am
With their own rig and cheap labor costs in Mexico, johnz, they could drill continuously for months as they did in 2014.
Comment by Jon - BMR — February 19, 2016 @ 7:13 am
Rodadero – I think this deposit may fit nicely into what Dr Megaw did with EXN, lenses of high grade material. News of sampling etc is nice, but a drill date, not a planning meeting about where we might drill, is needed by wary investors to move up a stock
Comment by david — February 19, 2016 @ 7:17 am
Johnz – I believe you inquired about my next 2 picks. Watch for me Sunday.
Comment by dave — February 19, 2016 @ 7:19 am
La Patilla – last I heard , they had a plan to mill, but then found a better+cheaper plan possibly. If that’s the case, then they may still be working on details.
Wonder if the offer at 12 cents is a lid for financing? or just tired investor
They only raised $200K hard money last PP, and that goes towards Mexico + office expenses since the FT goes to Griz
Comment by david — February 19, 2016 @ 7:23 am
Don’t know if GGI is at pdac or not, but La patilla I think will be released by then, grizzly refined results around the corner, drilling on 2 fronts, more patience is required, but with patience running out Jon, good opportunity to pick up more at lower levels.
Comment by Laddy — February 19, 2016 @ 7:24 am
BMR – what is going on with this stock. This is serious, all they do is release news and all it does is go down. You were sending out emails about this going to $1. We are below 0.10 now. This is absolutely disgusting.
Comment by George — February 19, 2016 @ 7:27 am
Had enough of GGI for a while. CLZ and REX have a major discovery on their hands. At least the results say so. Just look at their drill plan and the completed holes to date. 17 of them and you can just tell from the locations and spacing what they expect. Another 3000 meters planned starting first week of March. Now that’s what I call moving forward.
Comment by Dan1 — February 19, 2016 @ 7:32 am
Guess I’m stuck with my 0.15 GGI shares for another 6 months to a year.
If GGI hits 0.075 again then I’ll buy lots.
Comment by ConcernedCitizen — February 19, 2016 @ 7:33 am
And Dave – if you currently held GGI, you wouldn’t be making posts like the one this morning making people feel worse…
Comment by George — February 19, 2016 @ 7:38 am
It appears GGI has turned it’s attention to Mexico . I don’t expect anything to be done at the Grizzly for quite some time . World attention has turned to gold and who has the gold.
Comment by Lester — February 19, 2016 @ 7:58 am
Jon, what are your thoughts on the DBV decision? Are there any concerns about the Courts comments that DBV may not have satisfied all of the conditions (archeological assessment, etc.) to drill at the Sheslay?
Comment by ChetBaker — February 19, 2016 @ 8:04 am
Jon
With all due respect where does it say anything in this morning’s NR about GGI getting into non stop drilling, there you go again guessing assuming just not fair to your readers either post the facts you know or don’t post . It’s that kind of posting from you that in my opinion leads your readers to believe that there is more to the NR than what is stated and because of your position you possibly know more than you are letting on. I m sorry but I am so disappointed in the way Regoci has handled the news releases and all of his statements leading up to the release of the Grizzly news and today’s new.
Where are the results we were all led to believe we were going to be getting today? I’m not the only one disappointed either just look at the stock price. Like I said last week this is dead money, really pisses me off.
Comment by GREGH — February 19, 2016 @ 8:05 am
Once again the Venture is bumping it’s head on resistance in the 528 area , a close above 530 would do the trick and put the Venture on track to higher highs.
Comment by Lester — February 19, 2016 @ 8:21 am
George, yes I would. Regardless of owning or not.
Comment by dave — February 19, 2016 @ 8:24 am
GGI – there was a big bid that showed up at .09. Now it is at .095, she is going to move back gents, just be patient.
Comment by dave — February 19, 2016 @ 8:27 am
Well, I’m buying more ggi to average down.
Comment by George — February 19, 2016 @ 8:31 am
Gregh, you’re absolutely right – it doesn’t say that…but I suspect that’s part of Regoci’s strategy, as a way of building momentum going forward…they can easily carry out non-stop drilling given the fact they have their own rig and costs are so low…
I firmly believe that they are going to make another discovery very quickly at Rambo – it is an absolutely stellar target, as you’ll read in a Mines Handbook report we’ll include in Morning Musings today…a high-grade Gold discovery at Rodadero and GGI will be drilling all year long just like in 2014…they hit on the first hole at Silver Eagle…they’ve outlined a deposit on just 4 holes at Grizzly Central…they found Don Ese…I do like the odds, and the market will wake up to this.
To follow up on a point made earlier, GGI has a clear DSO opportunity at Silver Eagle – what I think we could see, what is very possible, is a cash flow scenario from this deposit, and La Patilla is still on the table in that regard as well, which would obviously help fund all exploration they would like to do with very limited further dilution…
Comment by Jon - BMR — February 19, 2016 @ 8:35 am
GGI – 13 work related NRs in the past year – and now 2 in 2 weeks. Maybe he’s turning a slow corner and next week we’ll get another work related one. MAckie has typically bought + sold in even #s (50K or 100K) so maybe they are close to done today. The overhang at 12 has dropped to 93K.
Comment by david — February 19, 2016 @ 8:53 am
Jon,As usual you are doing a good job of hand holding. GGI is going to be in the news soon enough on their Mexico properties. I am not at all worried. Just have to hang tight and not panic and sell my shares as some are doing (will regret later). Our patience will be rewarded.
Comment by pole — February 19, 2016 @ 9:03 am
Think about it, pole…the discovery track record speaks for itself…Regoci has to put his foot on the gas pedal and start giving this a harder sell – he knows that and I believe that’s what we’re going to see…he’s going to put his foot on the promotional accelerator. This stock should not be trading where it is, and I don’t think it will be for much longer.
Comment by Jon - BMR — February 19, 2016 @ 9:07 am
Chet Baker , DBV has all the legal permits in place and a Land Use Plan with the Taku River Tingits in place . I believe an archeological search has been done to satisfy the agreement already in place. Chad Day would like such an agreement to the Hat area which he is trying to claim that is already covered by the Taku River Tingits.
Comment by Lester — February 19, 2016 @ 9:12 am
Thanks Jon. I agree, that’s what Regoci has to do and I am sure he will. I’m just going to sit back and relax and watch this unfold.
Comment by pole — February 19, 2016 @ 9:25 am
Lester,Jon, any word on when we can expect an update from Dbv? When will we get results from holes 23-25? Weren’t the assays sent to the lab before Christmas??
Comment by Sameer — February 19, 2016 @ 9:47 am
Dave – is BGM one of your picks? It’s been on fire the last week, still going higher
Comment by Sameer — February 19, 2016 @ 9:47 am
sameer, No, my picks will look like that chart though, te he.
Comment by dave — February 19, 2016 @ 9:59 am
Sameer , ” from the conference call ” everything was on hold at the time due to lack of funds . The has been rectified which would indicate the lab work could begin. Just a guess , I’d expect results in early March.
Comment by Lester — February 19, 2016 @ 10:02 am
Les, That has been rectified? Do they have funding? Wasn’t he supposed to give an update this week?
Comment by Sameer — February 19, 2016 @ 10:14 am
Sameer , I’m not sure on the timing of the update and the funding was expected . The man is as busy as a cat having kittens getting the new drills into action and the court decision or non decision will mean DBV will most likely have to go back to court to end the Chad Day nonsense .
Comment by Lester — February 19, 2016 @ 10:37 am
I thought Farshad already had funding in place a while ago…wonder what is he delay?
Comment by ChetBaker — February 19, 2016 @ 11:04 am