SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Gold/Mining/EnergyGold and Silver Juniors, Mid-tiers and Producers


Previous 10 Next 10 
To: james flannigan who wrote (77701)11/10/2021 2:35:02 PM
From: LoneClone
1 Recommendation   of 77826
 
I still hold some GQC shares but am also fully aware of the internal political pressures the president is facing, including from some powerful people who are opposed to Romero. The big money in the DR is in tourism, and those who get rich from tourism are very sensitive to any development which can be portrayed as possibly affecting tourism values. This affects Romero even though tourists don't go there.

LC

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


From: kidl11/10/2021 6:42:36 PM
   of 77826
 
KRR ... Oliver Turner is my favourite spokesperson for the company.
45 minutes not wasted if you have an interest in KRR:
6ix.com

Share RecommendKeepReplyMark as Last Read


To: LoneClone who wrote (77700)11/10/2021 6:52:41 PM
From: Pianoman1997
1 Recommendation   of 77826
 
Expectations for the maiden resource estimate were way too high. I've seen numbers like 7-8 M oz floating around. It takes time to build millions of ounces. If it drops any further, I'll probably buy or maybe wait for the next round of fund raising. This is a good junior to own.

«Wallbrisge Mining aka WM just can't seem to get any respect»

Share RecommendKeepReplyMark as Last Read


To: LoneClone who wrote (77702)11/11/2021 8:15:26 AM
From: james flannigan
   of 77826
 
50% of tax revenue of the DR is from mining.If it wasn't for Barrick and its advance of future tax obligations that it paid about $300 million in advance of future profits for a yrs worth the DR would have gone bankrupt due to covid halted tourist travel.They the DR need mining to not end up like Haiti who has no rule of law and permits nothing and that keeps the country lawless and in poverty as one of the poorest countries in the world.The new DR president Abinader is Harvard educated in free market business economics.Some of his cabinet is from the Stern School of Business.But he is up against tough opposition by some wealthy crooked people who don't give a dam about the enviro other than to use it to extort bribes to permit mines.I have no idea if he can issue permits,but make no mistake about it Barrick will get its tender with in days.At any rate inflation is running red hot so gold is going higher. With that tail wind and a "possible" permit this yr or early next yr GQC could have a big score for investors buying the shares today.I do not suggest any one to buy GQC unless you think you understand it well.:https://www.elorientadorrd.com/2021/11/de-aprobarse-proyecto-minero-romero-san.html If Romero mining project is approved, San Juan would be one of the most prosperous provinces in the DR Freddy Medrano Mercedes November 10, 2021 SANTO DOMINGO, Dominican Republic . - If the environmental studies that the Goldquest firm would carry out on the Romero mining project determine that it does not affect water or agriculture, San Juan would become one of the most prosperous and educated provinces in the country. This was raised this Wednesday by investment promoter Fernando González Nicolás, who said that the executives of the Romero project are only waiting for the Government to authorize environmental studies in the San Juan province. The president of the Board of Community Countries in the Dominican Republic said that, if the environmental studies determine that the mining project is possible, the technicians' recommendations would be accepted. González Nicolás recalled that Goldquest Corporation, which has recognized solvency in responsible mining and that its investors come from the Commonwealth countries, such as Canada and Great Britain .

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: james flannigan who wrote (77705)11/11/2021 12:33:59 PM
From: LoneClone
   of 77826
 
The political power in the DR lies with families involved in tourism, regardless of the relative contributions of mining vs. tourism to the economy. And almost all that mining income comes from one mining area, and powerful forces inside the country want to keep it that way.

Getting approvals for Romero remains an uphill battle.

P.S. Using paragraphs would make your writing much more readable.

LC

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


From: LoneClone11/11/2021 1:22:48 PM
   of 77826
 
Endeavour Mining aka EDV released their Q3 results and they were, to use a technical term, darn good. They produced over 382k oz Au, down a bit from Q2, but they still managed a considerable increase in cash flow. As a result, they say they expect to exceed the top of their 2021 production guidance while managing to keep costs within that guidance. They expect to increase their share buyback programme, and are hinting at a very nice dividend at year end. Even after the shareholder returns, their cash stash is still more than $760M.

With the integration of their two big purchases pretty well complete, EDV will generate huge cash flow next year even while carrying out development and exploration programmes, so it is no surprise that the share price has reached levels not seen since 2008.

Message 33569674

Golden Goliath aka GNG released the results from the final 7 holes of its drill programme at the Kwai Au prospect in Ontario. The PR uses the ominous word 'anomalous' and, another bad sign, doesn't even bother to include the assays. In the discussion they admit they didn't find the source of the gold grains in till as they had hoped, but stress that they found all sorts of promising indicators. This was never going to be easy, as in this area the prospective strata are deep and covered by a thick layer of overburden. They are going to retire from the field and lick their wounds, er, I mean study the results and plan next year's exploration.

Message 33569714

FWIW, BMO released a new report on Wallbridge Mining aka WM, rating them at Outperform with a target of $1. They cite that the resource was at the upper end of their expected range, and that the open pit and underground bulk mining zones contained more gold than they expected. They also expect at least another 4M oz to be proved up, and expect an upward rerating once economic studies get underway.

Share RecommendKeepReplyMark as Last Read


To: LoneClone who wrote (77706)11/11/2021 1:32:14 PM
From: james flannigan
   of 77826
 
A global economic financial crisis in 22 23 like 08 09 might take the wealth effect away from would be tourists to the DR.Those families who control the resorts might find them empty if a severe market correction happens when the market figures out inflation is out of control not to mention covid is not over yet.Mining might not look so bad if its your only source of reliable income.But I agree until the permit is issued its a gamble.

Share RecommendKeepReplyMark as Last Read


From: james flannigan11/11/2021 1:34:09 PM
   of 77826
 
More bonanza results out of AMX today.

Share RecommendKeepReplyMark as Last Read


From: LoneClone11/12/2021 4:29:42 PM
   of 77826
 
Take a look at Minera Alamos aka MAI's share price today to see what happens when Osisko Royalties stops their stupid selling, up over 12%.

And FWIW, CIBC put out a new analyst report on Endeavour Mining aka EDV, keeping them at Outperform but raising their target from $41 to $46. They call it 'a cornerstone position in an investor's portfolio'.

LC

Share RecommendKeepReplyMark as Last Read


From: LoneClone11/14/2021 4:15:43 PM
   of 77826
 
Teuton Resources aka TUO has concluded an option agreement on their Harry and Oultnad projects in BC's Golden Triangle whereby Optimum Ventures aka OPV can earn 80%. OPV is a new company and I expect them to throw lots of money into exploration, as they are obviously very interested in the properties, given they also had to pay to buy out JDN's previously existing JVs with TUO.

newswire.ca

LC

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10