QMX Gold (QMX, TSX): Don’t Let Their Sloppy Share Structure Scare Ya!

Dec 09

QMX Gold (QMX, TSX): Don’t Let Their Sloppy Share Structure Scare Ya!

After Eldorado Gold (ELD, TSX) buys 68 million shares of QMX Gold (QMX, TSX) at 6 cents per share, QMX have about 334 million shares outstanding. Yes, that’s a lot of shares.  But once you get past the sloppy share structure there’s a lot to like about QMX.  And the upshot of having lots of shares outstanding, at least in this case, is liquidity. Average daily...

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“I think 2020 will be a very exciting year.” – Brad Langille, CEO GoGold

Nov 24

“I think 2020 will be a very exciting year.” – Brad Langille, CEO GoGold

GoGold (GGD, TSX) “I think 2020 will be a very exciting year.” – Brad Langille, CEO GGD looks to have carved out a nice support base at 60 cents, 3 x higher than where it started the year, and closed the week at 65 cents (up 7%). The Parral Tailings Project continues to deliver quarter after quarter.  GoGold’s basically got this operation running at a steady state...

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Balmoral (BAR, TSX) The market’s expecting good news next week!

Nov 23

We’ve been watching 24 cents like a hawk for several months now, so it sure was nice to see BAR break above that key resistance Friday.  The stock jumped 18% on strong volume with nearly 1.6 million shares traded.  Watch for potential confirmation of the breakout early this coming week.  This means BAR must avoid a “sell on news”, trade strong volume at 25 cents or...

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Some thoughts on the bullish Eskay Creek PEA released last week by Skeena Resources (SKE, TSX-V).

Nov 17

Skeena’s Inferred category resource and PEA – “Inferred” resources are “too speculative” for a firm economic decision (accuracy can be off by plus or minus 30%), but if the numbers are close to being right they obviously look exceptionally good (especially given conservative base case assumptions of $1,325 Gold and $16 Silver). Keep in mind, the PEA is derived from...

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Balmoral (BAR, TSX) Welcomes Strategic Investment From Eric Sprott

Nov 12

The wisdom of buying a really good play on weakness… Some relatively minor selling pressure came into Balmoral Resources (BAR, TSX) Friday morning, perhaps due to the drop in Gold and the pullback in Wallbridge (WM, TSX) on profit taking, but all charts on BAR show a primary uptrend and are pointing to an eventual breakout through key resistance at 24-25 cents.  So...

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