With four million plus inferred (non-compliant) gold ounces in the ground at its newly-acquired Quinchia Property in Colombia, one of the hottest gold addresses in the world right now, there is no doubt that Seafield Resources’ 16 cent stock price is soon going to be run over by an onslaught of hungry bulls. Our year-end target price on Seafield is 40 cents, and then the real stampede is sure to begin in January/February when we expect extensive drilling at the Dos Quebradas, La Cumbre, and Juan Tapado targets.
We are not the only ones who are thinking this way. It is very revealing that M Partners out of Toronto has become a new participant in the Seafield market. They were buyers of Seafield for the first time Wednesday morning, following the news regarding Quinchia, and scooped up 491,500 shares that day (all at 15 cents). They added a few more Thursday. What’s significant about M Partners is the fact they were the lead agent, along with GMP Securities LP, in the recent $12 million 50 cent private placement for Galway, and we all know what Galway has done lately and since the beginning of this year (like Seafield, Galway used to be a 5 cent stock). M Partners is very big on Colombia and the fact Seafield now has their attention is, we believe, very, very significant.
M Partners is an independent full service investment bank whose approach to investment is “anything but standardized.” M Partners states on its web site, “Rather than steering clients toward typical investment outlets, the firm strives to create new opportunities and ideas for its accounts. Moreover, M Partners has adopted a keen strategy of focused and relevant research. Such knowledge driven effort combined with the extensive skills of the firm’s management allows the firm to produce successful services ranging from research, to trading as well as advisory engagements.”
M Partners’ eyes are on Seafield. That is very good to know and provides us with additional confirmation that indeed Seafield is going to be a grand slam home run for us.
