| To: Theotokos who wrote (10612) | 2/4/2020 5:56:48 PM | | From: louel | | | | Don't really understand what is happening. They bought the other property produced verification. Raised $1.6 M back around September. were notified to bring their filings up to date back in October. Then received a CTO at years end for failing to do so. Silence since. . Both properties they have are in very high profile regions. No real reason not to advance them.
Perhaps being Winter they can't do much so it is less immediate cost to leave the filings till ready to proceed. I would think the $1.6 M lender would also be concerned. As the CTO was prior to the 4 month hold period they were bound by.
I have just filed at the below link for quarterly / semi annual reports to be forwarded to my address.
Just open the link - search for Secova and fill it out. I have a number corporate of filing reports automatically delivered to my trading acct. address rather than scouring thru SEDAR for the securities I hold. When the company files on sedar you get a copy in the same timeframe.
www.computershare.com/mailinglist.
I can't see them not making a run with that Windfall Lake property. it is in one of the best gold districts in Canada. Some other great companies right next to them. Investing news caught my eye to look at them
investingnews.com |
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| To: louel who wrote (10613) | 2/5/2020 11:54:05 AM | | From: Theotokos | | | | | Thanks for the link. That's quite useful. I'm curious to see how this plays out. Delaying the filings, I suppose, can be explained away, but it's really odd how everything related to them has been shut down. Totally. I mean, it costs nothing to maintain an e-mail address. |
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| From: louel | 2/21/2020 11:35:25 AM | | | | | | Western Forest Products Inc. (WEF) has settled the 7 month old strike by the steelworkers union. price dropped from $3 to $1.05. BV is $1.58 Normal operating condition trading price for Canadian lumber companies has historically averaged around 1.8 X book Fair value during the long strike had dropped to $1.40ish +-. depend on which analysts report you read.
How ever WEF by utilizing it's private timber holdings , non unionized partnerships and agreements held with other ventures weathered the strike much better than expected or forecast. During the 7 month idle period Liquidity was reduced by a mere $5 million . Annual revenue was over $1.9B
Western settled with no concessions from the Union and is slated to start production in March and full swing again by April.
The BC government made changes to the forest act baring the export of the two highest value species WRC and Cypress unless it is in already processed form. It cannot be exported for re-manufacture or kiln dry outside of the Province. This gives WEF a basic monopoly on the two coastal species. As they have the only sawmills on the coast. Western is now working with other timber license holders concerning these changes.
There is no change in exporting other species in cant or raw log form which carries no duties if purchased for processing before market in a US facility. The two US facilities in Arlington and Vancouver Wa. can still import raw logs and re-saw fiber in Fir , Spruce Hemlock or Pine bypassing US tariff fees. In august US tariffs on Canadian lumber, are slated for review. The US commerce dept suggests they will be reduced from 20% to around the 4 to 7 % range. Another boon for WEF on their sales to the US.
WEF has had a share buy back for cancellation program in place reducing the outstanding float from 496M to presently in the neighborhood of 470m and it is ongoing as well as a .0225 cent dividend. Presently approx. 6.5%
I have held shares in WEF since 2010 which I picked up at 22 cents and have held in a DRIP since. I added shares at $1.07 Presently am watching for another entry point and will add further.
As in my opinion considering basically very little debt. The quality of management who was selected and ut in place by Brookfield Asset Management , The monopoly on the high value fiber, Being undervalued , financially secure, and their stated intention to responsibly expand into jurisdictions with a business friendly environment. I believe WEF will surpass it's previous $3 high. The reduction in share count provides indication for $3.25 and with all else considered. Including the reduction of AACs as a result of over cutting during the pine beetle epidemic. it could go much higher.
A triple on a financially secure, low cost entry share doesn't come by every day. Volume & sudden Price rise appears to weakening on the chart. A pull back into the $1.25 to 30 would be healthy I think. It may come after cutoff date for the dividend in a few days.
It appears Shaft Creek could be on low heat for another year. To bad some have waited a long time. If things don't change soon some of the older investors may never see it being taken out ,Like Dell who used to run this site. |
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| To: louel who wrote (10615) | 2/22/2020 9:55:46 PM | | From: explorationguy | | | | | I've added WEF to my watch list. Looks overbought and needs a pull back for an entry point. I think it's this year or never for Copper Fox. It looks like Teck let the cat out of the bag by publicly describing the Schaft Creek 2019 program a Scoping Study. If true then Elmer spent $88 million to get to the FS in 2012, didn't execute the Salazar agreement as all retail investors, like Metacomet (Del), were expecting and then had to wait 7 years for Teck to finish a first stage technical report( a PEA aka scoping study). In my opinion CUU has to sell SC this year or they are done. They have the revised economics from the 2019 program and won't have any further work on the property by Teck for at least another year. We'll know if they are going to act in about a month once the 2020 program is announced. If they don't announce anything significant by then the market will finish off pricing in the worst case scenario for CUU shares. That would the case where Elmer can't even find a buyer for his best asset. |
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| To: explorationguy who wrote (10616) | 2/23/2020 1:14:28 PM | | From: louel | | | | Pull back , yes I agree. I believe that the 10k of WEF I bought $1.07 I dropped again at $1.36 when it appeared to be stalling out. Volume was dropping off and RSI 14 was over bought. The initial euphoria was petering out. I suggested perhaps $1.25 but it depends on when the reversal signal shows up on the chart.
There is still six months till a full Q operating report. and 9 months till the report after the tariffs are cut if they are. I believe they will be as being an Election year in the US the admin will want the economy as boyant as they can make it. Lower tariffs will aid housing.
Considering the time frame WEF price could well make a double bottom.
As far as CUU I firmly believe it will be taken out. The resource is just to large to be dropped totally by Teck. It is to close to the new facility to be built for Galore Creek. Actually may be even closer than the farther points of Galore. Teck owns nearly all claims claims between the two. And they have not yet been explored. Eventually Schaft creek could easily be folded in.
The concentrate from Galore is to be pumped in a slurry. to Bob Quin for transport load out to Stewart . By combining the two projects using the same already built delivery system vastly enhances Shaft creeks IRR.
They did mention a different location for milling to cut costs, than in CUU's 2012 Feasibility '
I have 25 to 50 K of CUU each year for the last three years prior to the coming year program. When they announce nothing significant I list them again a couple of cents or more higher till next season.
It may take some time yet but It will be taken out. Just to much there , To close to all the infrastructure that has to be built for Galore to be dropped. |
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| To: louel who wrote (10617) | 2/23/2020 2:30:24 PM | | From: explorationguy | | | | | I'm certainly hoping for Schaft Creek to be bought but can't get a read on Elmer or Ernesto's expectations. If they are unrealistic people then it could take years. I have much lower price expectations than some who post on Agoracom but that's irrelevant if they don't sell. I'm still following TUD and AMK for the 2020 drill campaign at Treaty Creek. I've bought and sold some TUD and have been waiting for a price drop. It's holding to a low 60 cent range so far. I have a large number of 3 cent AMK shares I'll hold on to until the next drill results. If they extend the strike length and depth again it will be a winner. They're on the right side of the mountain range compared to the KSM Seabridge deposits. |
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| To: explorationguy who wrote (10618) | 2/23/2020 5:53:26 PM | | From: louel | | | | I held AMK when it was involved in the big court case a few years back. Got out and forgot it the claims Tudor is involved in certainly seem to have potential. I look on Venture stocks for the most part as trading stocks. When they look like they are topping out I'm gone . If the drill results are consistently good over decent intervals , Or the area is under explored or upstream from great historical free gold discoveries I keep around 90% of any profits in shares pending further exploration . Then dump it if it doesn't pan out.
A couple I will mention worth a look I would suggest is Skeena Resources (SKE) working with the former Murry Pezzim property if I remember right. Look at their drill assays. Lots of territory to explore yet. I think I mentioned SKE a year back. It's done well so far. And if they continue to produce like past results still upside left. Presently I hold only shares from profits but will make another trade if it pulls back to the 90 cent support and produces a reversal signal. The object will be to add a few more profit shares to the holding.
Another one I hold from 19 cents is Klondike Gold. (KG) They hold a large area of upstream valleys out of Dawson where gold rush miners made fortunes with gold pans. The source of the transient gold was never discovered. KG has searched near surface for a number of years Then they decided to drill. and came up with pretty high grade in a deep hole. Nearer the surface lower grades but over long intervals . This coming year they say drilling deeper will be the program to see if they can confirm a deeper resource. Below is what the CEO says.
What the CEO says "When we first got into the Klondike, really there had been no known sources of gold identified and historically it had been thought of as always high grade and the Klondike is known for gold nuggets so where are they all?" said CEO Peter Tallman. "So we kind of went nobody's been able to find those, let’s look for something else and got onto this low- grade, disseminated gold over broad widths model."
But then, the boss said, looking geologically around the district for comparisons, the firm identified the Pogo mine, which is along strike and over the border into Alaska, which also has disseminated gold 200m or so below surface, and below that another 200m lies the high grade quartz Pogo vein. Tallman said topographically, Pogo was comparable to Klondike's Lone Star zone, which has low-grade gold sitting at surface but 200m below are high grade quartz veins.
"So we went back, reviewed the data, particularly from last year, and found that we'd actually intersected a bunch of high grade quartz veins."
"The company's latest interpretation, suggests the main ‘Lone Star' mineralized horizon has been fault offset slightly south and was untested in 2019.
"Mineralization in drill holes reported here extends the known envelope of Lone Star Zone mineralization along the Bonanza Fault for up to 400 meters to the east and provides information for high priority targets.
"The program was successful in intersecting broad zones of gold mineralization containing local intervals of high-grade gold.
Now the firm is going back to drill this, in 2020.
And third you might want to read up on Bench Metals (BNCH) The property is approx 40km north west of Kemess mines About 70 or so by road. We did a lot of work in those parts in the 80's and 90's. Bench property encompass the former Cheni Gold Mines (Lawyer Mine) My brother trucked fuel and supplies from Prince George into Cheni and Kemess He loved the country. it is very natural and beautiful. Before he passed away he asked if his final resting place could be somewhere there. So his sons and us made the 500 km journey NW from Mackenzie BC . Climbed the highest accessible mountain and placed the URN with his ashes under a ledge over looking thousands of sq kms. of mountains and valleys including the Cheni mine. I'm sure he would be happy to see the mine reopen again. Cheni profitably produced a lot of gold. at much lower price than it is today. Probably one of the most remote places in BC accessible by logging road.
Here is the link to Bench Metals. Latest news was about 10 days ago.
benchmarkmetals.com
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| To: louel who wrote (10619) | 2/23/2020 10:40:48 PM | | From: explorationguy | | | | | I really like the exploration potential of KG. Still waiting for more of a pull back but it may not happen. Teck pulled their Frontier application today which comes at a great relief to Trudeau no doubt. I've been short term trading in Teck.b and will see what tomorrow brings with the $ 1.1 billion write down on Frontier. I think Teck needs to see a pipeline solution before re-applying. |
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| To: twmoore who wrote (10621) | 2/24/2020 8:55:36 PM | | From: louel | | | | First they killed the Northern Gateway, tried to kill Teck's Coal, Then the prairie farmers, next BC's forest industry. Now it is Alberta's oil. What's next Fishing, ? Tourism ? Auto sector which makes vehicles with engines ? Cattle ranching ? These are the industries which pay for the lifestyle Canadians enjoy.
Just one blunder after another. To compound this they have raised Taxes and placed fees on most every thing consumers use. Canada is not the country of opportunity, I once knew as a young man. I feel for the upcoming generations. Do Trudeau and the Liberals actually hate Canada so much they are bent on destroying it ?
Teck already has income from fort Hills Frontier with advanced technology is cheaper to operate than fort Hills. And it would have produced cleaner oil than most conventional oil produced around the world. Production costs were forecast to be between 21 to $25 per Bbl
. msn.com |
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