Lyxr $ Frn Discussion Threads

[jonno1] 19/12/2011 22:00

You out of Tag Mattybuoy?

[mattybuoy] 19/12/2011 19:22

Portfolio Dump
--------------

Overall it's pretty cautious and I am liking dividends for the potentially very long bear market which faces us.

T.FNV Franco-Nevada (gold/metals royalties - global)
T.FRU Freehold Royalties (oil/gas royalties - WCSB)
T.GSY Argosy Energy (oil/gas - WCSB - mostly a Southern Alberta Bakken play)
T.ONR Open Range Energy (gas - WCSB Deep Basin - embryonic Peyto clone)
T.PEY Peyto Energy (gas - WCSB Deep Basin - best run oil company in Canada IMO)
T.PSN Poseidon Concepts (fracking tanks - Canada & US)
T.ZAR Zargon Oil & Gas (oil/gas - WCSB - tertiary recovery specialist)
V.FNR 49 North Resources (general resources - VC Fund and/or oil junior)
V.YO Yoho Resources (oil/gas - WCSB - mostly a Duvernay deep shale gas play)
XPL Solitario Resources (gold royalties - Central/South America - early-stage)

There are also ENK and LNC (Linc Energy) on the ASX and POG on the LSE.

The only thing I want to add at some point is Anglo-Pacific, via the TSX so as to avoid Stamp Duty.

N.B. WCSB = Western Canadian Sedimentary Basin

[mattybuoy] 19/12/2011 19:01

P.S. Here's a no-brainer, or as near as you can get to one.

T.PSN - Poseidon Concepts

This company sports a 9% yield yet is growing at around 100% p.a.

They make special tanks for fracturing fluid, and were formerly part of Open Range Energy (T.ONR), as previously mentioned in despatches.

[mattybuoy] 19/12/2011 18:57

I haven't left the building. Just laying low until the bear market goes away, which could be a while.

All you need to know about gold royalty companies can be found at the websites of the two big boys.

[jonno1] 19/12/2011 15:19

I am pretty bearish on Gold now, bought mine at £300, think we are heading for a deflationary collapse, rather than an inflationary one, and also missed an 8 cents entry.

[bing22] 19/12/2011 12:41

Thanks JONNO1, Excalibur do look very interesting and I'm waiting a few days to see what way the gold price goes before buying a few. Is there any particular reason you don't own any?

Also Vince Marciano's videos looks a great place to pick up some tips - I found it a bit hard to pick up the names at first, he talks so fast, but I'm getting more used to him now. Thanks again, bing.

[jonno1] 17/12/2011 11:32

...by the way he does a 15 minute youtube presentation everyday about the Canadian juniors, strange & interesting guy with a wealth of knowledge and great analysis.

[jonno1] 17/12/2011 11:16

These look interesting, I do NOT own any though, under 50m shares out

[bing22] 16/12/2011 21:35

Thanks JONNO1 - anyone got any suggestions for low cost, undervalued producing/near producing gold miners on TSX? I'm looking into a few mentioned here in earlier posts, but any real favourites? Thanks, Bing.

[jonno1] 16/12/2011 10:20

I think Mattybuoy "has left the building", no posts since 2/11

[bing22] 16/12/2011 09:50

Mattybuoy,
Ref your post no 712, could you please explain or tell me where to find out more about gold royalty companies.
I've got in Canada - Avino Silver, Oremex Silver, Woulfe Tungsten/Gold and would like to add some producing/near producing gold miners, or gold royalty co once I know more about them.
I would be grateful for any suggestions. Thanks for your help.
Bing

[walter walcarpets] 14/12/2011 10:39

which brokers do you guys tend to use for the TSX ? TD Waterhouse ? Can you trade even the micrcaps online rather than the phone ?

I'm fed up with AIM - it's dying as far as I can see. tia

rgds
walt

[jonno1] 09/12/2011 13:47

Is this thread dead? Tag Oil looking good, only got a few though

[mattybuoy] 02/11/2011 22:45

Not Canadian, but previously mentioned more than once.



No surprise, but good stuff nonetheless. This is easily the UK's premier metals mining project.

[jimbowen30] 21/10/2011 11:04

Robo - very interesting research note on Probe and I like that they are based in Canada. I wonder how big the resource will become?

Have you ever come across Oro Mining - they are developing a mine in Mexico and run by John Brownlie who put Capital Gold into production (and on time!). Capital got taken out after this. I posted on here recently (post 711). The prospects seem good but the share price has been declining like most juniors

[robospark] 20/10/2011 00:37

It'll come Jimbo. Just the problems of a nuggety deposit.

At the risk of repeating myself I'm beginning to think these Probe guys have something a bit special with only 54 Million shares out, no debt, 23 Million in the bank and a near 4Moz Au 43-101. This was determined in less than twelve months because of a low grade but consistant deposit.

Open in all directions with yet to be defined satellite deposits and additional assets available to finance operations.

Jennings are very excited about it. You can download their free report here

[jimbowen30] 18/10/2011 14:58

Thanks Robo. Here is an interesting post from the "mine and dine" held by GBB. Now we just need that NI 43-101 to start moving the price up!

[robospark] 16/10/2011 23:48

John Kaiser recommends Probe Mining.

October 13, 2011

Probe Mines Ltd (PRB-V: $1.95)

Is Probe's Borden Lake gold discovery the encore to Osisko's takeout of Brett's Hammond Reef?

Synopsis:

What did emerge from McFauld's Lake was the recognition that the 30%-40% chromite horizon discovered by Mac Watson's Freewest and its partners Spider and KWG was much more than an inferior cousin to the richer chromite seams mined in South Africa, something that only iron pellet and coking coal producer target="Blank">see Cliff's Chromite {rpject September 2011 Update. Although Probe failed to parlay its nearby claims into extensions of the Eagle One deposit, it did discover that one of its claims covered a rich portion of the chromite horizon between Black Thor and Big Daddy, upon which Cliffs plans to build an access road and water pipeline.


The M+I+I 43-101 resource of 8,440,000 tonnes averaging 40% Cr2O3 has an in situ value of about $1.2 billion, which makes it worthless on a standalone development basis, but its location certainly creates incentive for Cliffs to cut a deal which consolidates this missing piece into its development plan and eliminates the risk of future litigation related to infrastructure positioning that stymies Probe's opportunity to exploit its asset.

While the Black Creek chromite fragment two years ago represented the basis for Probe's ongoing viability as a junior, making the junior a difficult negotiating adversary for Cliffs, David Palmer's decision in 2010 to acquire and aggressively explore the grassroots Borden Lake gold project as a bulk tonnage disseminated gold play has created a brand new focus that impressed BMO so much last April that it raised $25 million for Probe at $1.35 for a project that did not deliver an I+I 43-101 resource until late August consisting of 4 million ounces gold and 5.2 million ounces silver at an average grade of 0.7 g/t gold and 0.9 g/t silver at a cutoff grade of 0.3 gpt gold.


Unlike the Cote Lake gold project of

Borden Lake does stand out through the absence of mesothermal quartz veins that usually bring high grade gold joy, and it is generally characterized by mineralization occurring as disseminated and fracture controlled gold within a metasediment host rock lacking obvious lithological and structural controls, though a higher grade core does exist along strike and down dip within the heart of the mineralized envelope defined by the 0.3 g/t cutoff grade.

What Borden Lake lacks in the form of spectacular narrow high grade intervals that drag up the average grade of intervening waste rock, the sort that elicits instinctual howls of protest quickly silenced by the hammer of vested street agenda, it makes up with consistent humdrum gold mineralization above the cutoff grade in a style reminiscent of Hammond Reef, whose inferred resource of 6.7 million ounces of 0.8 g/t gold at a 0.3 g/t cutoff Osisko acquired in August 2010 through a friendly takeover bid that valued Brett Resources Inc at $547 million.

Without question Borden Lake is lower grade than Hammond Reef, but today gold is trading within a range of $1,500-$1,700 per oz, has been above $1,900, and is sustainable in the $1,500-$2,000 range according to my analysis articulated in my recent

Conclusion: I am issuing a Good Relative Spec Value Buy at $1.95 with a $3 target during the next couple months, and at least $4 during Q1 of 2012. This recommendation hinges on the assumption that the global economy has merely slowed, will not plunge into a depression, and will show signs of an upturn during 2012, which would be supportive of my analysis as to why gold in the $1,500-$2,000 range represents a sustainable new price reality rather than the peak of a bubble. But it also acknowledges that Borden Lake is a significant new grassroots gold discovery in a region west of the Abitibi Greenstone Belt and as such it offers speculators surprise potential on the upside in terms of the size and scale of this new discovery. Spec Value Value Hunters can thus contemplate a modest 50%-100% increase in the short run without any major improvements in the expected fundamentals of Borden Lake, and they can also entertain optimism that Borden Lake could become a much bigger story than a 3-5 million ounce low grade open pit mining scenario.

[robospark] 13/10/2011 15:20

I was surprise myself to get a fill at 25c. 25c! what on earth! Not complaining though.

Spanish mountain gold are around the share price 80c Mcap C$130M mark with what I think is a inferior fragmented deposit and no infrastructure, but they do have the all important 43-101. Which at the minute is the only thing the market will speculate on.

All is very quiet at the moment, there's not even any discussion over on SH but I suppose they are all waiting for this weekends wine and dine to have all there questions answered. You'd also think we will at least get an NR before then! And who knows maybe even the 43-101.

So fingers crossed all should become a little clearer in the next few days.

One of my other Canadian juniors is flying. It's a similar large low grade open pittable deposit with a few extras, low share out, cashed up, and a 43-101 for close to 4Moz Au. Probe Mines PRB.V. Makes a change seeing blue numbers.

[jimbowen30] 13/10/2011 12:57

Hi Robo - well done for topping up at 25c! Unfortunately, I don't have any spare cash. I can't believe how cheap most junior resource stocks are. If you assume GBB announce a NI 43-101 of 2.5m oz (conservatively) then i'd value this at $75-100/oz, which would give a market cap of $187-$250m compared to current market cap of $46m - so crazy! Patience is the key as value will out in the end.

[robospark] 12/10/2011 20:20

Is it me or is there tentative signs of a recovery in the Canadian junior golds.
Got a fill on another 5000 GBB.V at 25c on a spike down - a bit early to be pleased yet.
Any other holders here - Jimbo?

[liquid millionaire] 28/9/2011 08:33

TSX listed Lydian International / ticker LYD



Lydian International story gaining traction with investors and analysts
Armenia-focused gold miner Lydian International (TSE:LYD) is starting to gain some traction with investors. The share price kicked into gear on August 8 and is up 43 per cent in the last six weeks. In fact there is a real buzz around Lydian now.