Miningstocks
Treasury MetalsTreasury Metals - Friday November 5, 2021,
raising gross proceeds of approximately $6.5 million through the issuance of 7.7 million common shares (the "FT Shares") that qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) (the "ITA").
The gross proceeds raised from the Offering will be used by the Company to fund exploration programs that qualify as "Canadian Exploration Expenses" and "flow-through mining expenditures", as those terms are defined in the ITA.
Mountain Boy Minerals - H4 - Nov 2021Mountain Boy Results Continue to Support Potential for Its American Creek Silver-Gold Project in BC's Golden Triangle
Drill results include 704 grams per tonne silver over 0.8 metres.
Drilling confirms a mineralized system that extends for at least 2 kilometres and remains open in both directions along strike.
Surface work identified several new prospective areas with one grab sample at 15,640 g/t silver, 2.17 g/t gold, 0.73% copper, 3.23% lead and 13.75% zinc.
Results support hypothesis that American Creek is part of a large, potentially high-grade mineralized system.
Results confirm that American Creek has many of the characteristics associated with the large silver-gold deposits within the Golden Triangle.
AFRICAN GOLD - H4 - Nov 2021African Gold Group Closes Oversubscribed C$5 Million Private Placement
ursuant to the Offering, the Company issued 36,744,285 units of the Company (each a “Unit” and collectively, the “Units”) at a price of C$0.14 per Unit. Each Unit consists of one common share of the Company and one half of a common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.25 until November 7, 2023. If at any time after March 8, 2022, the common shares of the Company trade at $0.50 per common share or higher (on a volume weighted adjusted basis) for a period of 10 consecutive days, the Company will have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise this acceleration right.
PELANGIO EXPLORATION - H4 -Nov 20211200 Meter Drill Program Underway At Pelangio's Dome West Project, Timmins, Ontario
Highlights:
Deep exploration test of previously unexplored Vipond stratigraphy which hosts a substantial portion of the gold mineralization at the Dome Mine and Paymaster Mine; Vipond stratigraphy crosses the Dome West property boundary from the Paymaster at the 1000-foot (304.8 meter ("m") level)
Historical data from underground drill intercepts grading 21.6 g/t gold over 1.82m and 59.6 g/t gold over 1.98 m from the adjoining Paymaster Mine hosted within a feldspar porphyritic intrusive and a felsic fragmental volcanic respectively to the east boundary of the Dome West property.
Information to date suggests the gold bearing feldspar porphyry intrusive and felsic fragmental dip and strike respectively on to Pelangio's property.
BITF has likely reached bottom. Long target 15.The Bitcoin mining business is in a great position as investments have paid off and now that BTC is on the move for the final rush of the 4 year halving cycle the profitability of these mining firms will be solidified. Very few newer faster miners available because of the Chinese crackdown and semiconductor shortages. Very hard to find mining equipment. These mining machines with BTC above 50k pay off in 9 months, above $80k 5 months. If BTC hits $150k HUT 8 and BITF are money printing machines. But be careful to be out of your big positions by March. Track BTC price and you will know when to scale up and scale out. Unless they have a shelf offering sitting out there and run one like Hut 8 did it should be a fairly quick run up over the next one or two quarters. Up 16% yesterday the call options placed the day before were handsomely rewarded, but the IV will eat you alive so get in and get out unless you are selling options and even then try to do it on consolidation weeks. To be safe you could wait until she clears the Ichimoku cloud on the 4 hour timeframe.
$ANY Major cryptos have bin rebounding after the recent sell off$ANY finding strength. News was out today
1. Seeking Alpha article with a $45 price target
2. The first batch of its 7,200 BTC miners are now live.
An alert is set for 7.67 We want to see a retest and a strong solid candle close above this level for a possible brake out play.
NLC.V High Flag Volume Contraction into CatalystsNLC has been digesting its big move up over the past couple weeks. It is setting up beautifully in a flag with noted volume contracting and price tightening up. We are in what should be a busy month + for NLC with DFS due out within the next couple weeks + a US senior exchange uplisting. Keep an eye out for CATL, (I cant post a link in the text as im not on a pro sub) but they raised 9 billion through a share offering to finance a range of projects. One of which is likely Neo Lithiums 3Q project.
NLC leadership did a heck of a job raising capital last January over $3 CDN. They will likely be able to get another great deal in this price range as well. Likely something at the market funded by CATL + the uplisting + the brine mine starting up production near year end gives NLC some juice to move up over $5 CDN and more throughout the end of the year.
LAC.TO has been running lately, I find tracking a couple lithium miners helps give perspective to the market. NLC momentum built through august was pretty much handed off to LAC through sept. Of course the two aren't that connected but there are traders in every market, If lithium stocks hold and LAC hit selling pressure traders may come back to NLC and bid up the stock further on news.
Just some thoughts to consider, always do your own DD and follow your own trading rules. I own shares in NLC.V
Cheers,
Luke
Newmont: Game Time! 💰💰💰The Newmont stock has reached an important mark within the chart, and we are waiting for the stock to turn around. If we stay above $54.18, we continue to expect the price to crush through the resistance at $75.31 and proceed to tackle prices above $90. However, a 45% chance of falling below $54.18 remains, which would lead to further declines.
Go Bulls, Go!
Love The Upside! - Fortuna Silver Mines Inc <FSM>Going into the Earnings report on August 11th, I think we will have a great bullish swing with tons of upside, ex. going from 4.10-ish to the 5.90 level at a minimum, and potentially even higher depending on the news.
The company has been struggling in the last few years yet now is dishing out a ton of positive news about their ventures and the scale of their operations. Quarterly financials show that they are looking to have stronger financials than they have in the last 3 years... I think this offers a lot of growth for an otherwise currently undervalued player in the space!
If the results however are much more negative than expected, I could imagine a lowering down to $2.85-ish at the lowest, before we will hopefully get a lot more support for another bullish move back to current levels and beyond, perhaps around $5.00.
Either way, if you are looking for a nice little swing play with the potential for a 20-50%-ish upside depending on the outcome of the next earnings report, and also don't mind holding for a few months to see where we go, then this opportunity is likely to be for you!
$NLC.V Thoughts and Limit Buy OppIn looking to add to my Long Position in Neo Lithium Corp $NLC.V / $NTTHF I have approached this TA from a bearish perspective over the short term. As detailed on the chart, You can see price make relatively weaker advances: The first move up in early June was stopped at +3SD channel, the next at +2SD channel (note volume). Price always travels back to the mean and $NLC as a miner is not above choppy action in SP. To be clear, I don't see massive downside risk here, but rather some selling pressure channel trading back to the $2.70-$2.75 range.
On top of Linear Regression Analysis, the 21 ema is currently acting as support and the 9 ema (I applied it to see where it was but can only keep 3 indicators) is acting as resistance. I think the clearest conclusion to draw currently is that NLC is trying to figure out which way it is going to go.
One could make the argument that if the market holds here for the most part and small caps participate in a further advancement that $NLC could maintain the mean and advance back up through the positive side of the channel. $NLC is not without near-term catalysts in this Quarter like an off-take agreement and/or financing to finish capitalizing the 3Q Project + release of its DFS. I am taking the approach that these catalysts are a month + away and the above TA in the short-term may come to fruition. I have placed a LB for shares at $2.71.
In sharing this post I think its worth noting that at the Annual and Special Meeting held on June 25th the company set forth a vote to allow the board the discretion at a future date to consider a consolidation of the common shares of the company on a 1 for 2 ratio to list on a Senior US Exchange. Not a guarantee this R/S will occur, but its a possibility and something to be mindful of. When pre-revenue companies R/S, their SP can crater. Granted 1 for 2 is as good as you can get when it comes to R/Ss. I am keeping some cash for a buy further down the road to cover off this risk that may exist and take advantage of a downturn. I have emailed Mr. Vicens the company's CFO and contact person on SEDAR kindly asking for an update on the AGM vote as its been some time since the meeting. I will share any update given on ye olde twitter.
As always Please follow your own trading rules and do DD first.
Cheers,
Luke
Momentum for the week of July 19th$ISWH We had a nice momentum for the past two weeks and an expected mild correction happened on Friday and Today(Monday).
As we're nearing to the Disrupt cryptomining conference in Miami they will probably make news announcements this week. #OTC #OTCMarkets #Pennystocks
So if we assume the momentum will continue the next resistance will be around 0.74-0.75
I'm thinking we will test that area this week.
Analysis on JSE:BHPWe could see a possible correction soon on BHP and thus resulting in a short posistion we can take on BHP in the following days.
Also with the economy not looking so good at the moment with the looting and destruction that took place this could be a chance to take a short position on stocks traded on the JSE and profit during the chaos. Best wishes to all investors and traders!
Disclaimer: This is just my opinion, you must take risks for your own trades. This is just a mere analysis on the stock from my point of view.