Spock Offering :

From https://spockm.com/

Spock has secured a private placement and Members have been given first choice to participate

This is 90% Subscribed already . I am posting it here for non Spock members who may be interested

This is another lever of service offered by the Spock Miner’s Matrix over and above Spocks Rocks Picks.

There will be more opportunities such as this going forward .

……………………….

There is a non-brokered private placement for a TSXV listed company, currently in progress. General details as follows:

About 90 million shares currently on issue in the company
Current Market cap about $CAD 4 million on market
New shares to be issued in the PP about 10 to 12 million
Pricing: $CAD 0.05 per new share, plus half a 2 year warrant strike price $CAD 0.075
New shares and warrants will be restricted for 4 months and 1 day from issue (cannot be traded on the TSXV secondary market)
Total amount to be raised in the PP circa $CAD 600,000

This is non-brokered, and the company has commitments for about 30% of the offering. Which means $CAD 400,000 is available to SpockM subscribers on an exclusive basis, on a first come first served basis.

I will be taking up a 2.5% position size for the SpockM portfolio in the PP or $CAD 15,000 for 300,000 new shares plus 150,000 warrants.

Given the company gold assets, the current market cap seems very cheap in comparison with its peer group, with similar assets in the region. The funds raised are to complete a 2000 m focused drill program, on their highly prospective gold project, commencing in September. Substantial good news flow is anticipated from the drill program. Have checked out the company thoroughly and the management, and the assets, and it presses all the right buttons. The company has no debt.

This is an exclusive ground floor opportunity in the primary market, for those who are interested to participate. As I said, the SpockM portfolio will participate for 2.5% position size.

For those interested in more details on the company and the offering, please email me directly at spock358@gmail.com. The company would like to firm up commitments in principle by the end of this week, with paperwork and funds remitted direct to the company in early August. They wish to wrap the PP up by mid-August to start the drill program in September.

Please keep this confidential and in-house. Thanks.

Note this is a restricted non-brokered private placement to non-retail accredited investors. Therefore, there is no prospectus. Subscription paperwork will be provided by the company.

………………..
I have been receiving good email interest.

Over the next day I will reply to each email, with subscription docs, with instructions; and also an overview of the company and the opportunity here off a current $US 3 million market cap. Basically, its all blue sky from here!

I shall put together a book build against each interested party. Once the book is filled for $CAD 400,000, it will be closed. Paperwork submitted. Funds wired to company lawyers trust account.

Once the PP is closed it will be announced to the market. Then the drill program will commence using the funds, in September. I expect the stock to get a re-rating as the news flow gets around the secondary market. A market cap of $US 10 to 15 million, post Phase 1 drill program, could be conservative. That’s a 3 to 5 times uplift, from the PP pricing, potentially.
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The warrants are the “kicker” in a private placement.

in this case the strike price is 0.075 and they have 2 years until expiration.

For example, if the shares are trading at 0.075 in a couple of months time, the warrants could be trading at say 0.05, as they have “time value”. They cost nothing in the PP. If they were all sold then at 0.05, in the market, the profits reduce your PP entry price by 50%. (Edit: Correction, these warrants are unlisted, which means they can be exercised, but not traded in the market).

Another example, if say in one year the shares are trading at 20c, you could elect to exercise the warrants at the strike price of 0.075. So you have purchased fully paid shares at 0.075, which are trading on market at 20c. That is, almost 200% profit on exercising the warrants.

So the “free” warrants provide leverage to your investment

For Eagleseagle

Weekly just for reference:

SVXY W1

Curious & puzzling trendline:

SVXY W2

Will SVXY’s performance in August and September be similar to it’s performance in May and June 2014?

SVXY M

Fast Times at Richmont Mines

New ALL time Highs

Anyone buy at $1 ?

ric

Newmarket Gold is a Spock Rock

nmi

Spock is a Rock Star

cash machine

Comment: A gold miner run by mining engineers and geologists, not lawyers and accountants. Management has skin in the game too. These guys have 13 drill rigs running now. 3 mines and a 4th in the pipeline. A growth story. Cash costs $440 at Fosterville … gross margins 200%. No wonder Sprott likes it.

Newmarket Gold Reports Strong Q2 Results; Increases 2016 Production Guidance on Record Quarterly Production of 61,191 Oz

VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 29, 2016) – Newmarket Gold Inc. (“Newmarket Gold” or the “Company”) (TSX:NMI)(OTCQX:NMKTF) is pleased to announce financial results for the three and six months ended June 30, 2016. Full Financial Statements and Management Discussion & Analysis documents can be found at www.sedar.com and the Company’s website, www.newmarketgoldinc.com.

All figures are in United States (“U.S”) dollars, unless otherwise stated.

Second Quarter 2016 Highlights

2016 Corporate Guidance Revision: Increased full year 2016 consolidated production guidance to 225,000 – 235,000 ounces, following record quarterly production from Fosterville, while lowering consolidated All-In Sustaining Costs (“AISC”) to $900 – $975 per ounce sold.
Strong Cash Position: Increased cash balance of $69.9 million, an increase of 91% from $36.5 million at Q4 2015. Working capital of $56.3 million at Q2 2016, up significantly from $22.3 million at Q4 2015.
Generating Free Cash Flow: Operating cash flow for Q2 2016 of $31.0 million or $0.18 per share based on basic weighted average number of shares outstanding, based on revenue of $78.0 million from 62,223 ounces sold. Free cash flow of $17.4 million based on operating cash flow less capital expenditures of $13.6 million, after investing $3.6 million into growth programs in Q2 2016.
Record Quarterly Mine Operating Income: Q2 2016 Mine Operating Income of $28.1 million, up 60% from Q1 2016, the result of record quarterly consolidated gold production of 61,191 ounces.
Record Consolidated Quarter Operating Cash Cost & Low AISC: Q2 2016 Operating cash costs per ounce sold of $673 and AISC per ounce sold of $937.
Record Quarterly Performance at Flagship Fosterville Gold Mine: Gold production of 37,245 ounces with record average grade of 7.50 g/t Au and record quarterly recovery of 90.8% supported by the successful commissioning of the new gravity gold circuit.
Fosterville Achieves Record Low Quarter Operating Cost & Low AISC: Q2 2016 Operating cash cost per ounce sold of $440 and AISC per ounce sold of $741.
Increased Net income: $16.8 million or $0.10 Basic EPS in Q2 2016, including the impact of $2.3 million in share based compensation expense tied to the 76% increase in the share price of the Company on the TSX Exchange in Q2 2016.
Douglas Forster, President & CEO, Newmarket Gold commented: “Newmarket Gold is pleased to report another consecutive quarter of improved operational performance and financial results driven by record results from our flagship Fosterville gold mine, where an increasing grade profile and improved metallurgical recoveries have supported record production results. Our continued focus on safety, productivity and quality has enabled Newmarket Gold to build a cash balance of $69.9 million, marking an increase of 91% from the start of the year. For the first half of 2016, the Company has generated free cash flow of $26.2 million from operations after investing $7.5 million in growth exploration programs.”

“Based on record second quarter production, Newmarket Gold is increasing full year consolidated production guidance to 225,000 – 235,000 ounces of gold and lowering the consolidated AISC to $900 – $975 per ounce sold, mainly attributable to record production, grade and recovery at Fosterville. In addition, exploration success to date on near mine targets and continued strengthening of the gold price support increasing our exploration growth programs to $10-$15 million for the year. This increased growth investment will enable the Company to advance the resource potential of our assets and to accelerate the development of the growth side of our business. Currently, we have increased drilling at all sites and now have 13 drill rigs in operation, with programs designed to increase mineral resources and mineral reserves to extend the mine life of our operations.”

NMI.to Breaking out in a big way today. Could run to 6+CDN fast

NMI July 29

Rye Patch Halted

Anybody got a rumour ?

$XAU Quarterly & Gold Charts

IH&S is just a possibility:

$XAU Q G D G W

$XBP Monthly

Price is still outside the lower BB over 5 weeks after Brexit!

$XBP M

 

Nevsun NSU

Up over 10% today on an earnings beat. Great mining resource stock in one of my IRA’s for anyone interested in a “Steady Eddie.” The dividend was about 5.5% when I picked it up at $2.90 at it’s IC Low back in late June.

Unlike many resource companies that are loaded with debt, NSU’s balance sheet is quite strong which allows them to pay a nice dividend while the stock price moves through various cycles.

Even with the pop today the Div is still 4.7%.

Screenshot 2016-07-29 11.06.04

PM Complex Cycle Recognition Day

Miners are starting to Rock & Roll now… 🙂

I don’t expect that this 5-6 Month Intermediate Cycle will top until mid-Sept at the earliest and perhaps into Mid-Oct.

Time to Ride the Bull. 😉

Bullride2016-05-07 17.04.52

SVXY

NYSI is flashing a sell again…
Closing SVXY for those who care other than Jenkinslane 🙂
Do not want to hold over the weekend…
svxy

GDX hitting new HOD, new high since January will follow

A QUESTION….

HUI JULY 29:16 halfway pattern

GDX is improving in money flow, accumulation pattern, and OBV

some roadmaps

These road maps show what a generational bull market looks like in its very early stages.

Not that I would own the GDX and GDXJ being ETFs, and therefore Wall Street instruments designed to farm the crowd, and highly influenced by decaying derivatives, but the GDX and GDXJ charts are somewhat instructive for where the gold stocks are generally headed over the next 6 months. Do not expect a significant correction until early 2017 at the earliest, and near the targets shown.

TSXV is the better market to play this bull. Why: This is a “no fly zone” where human beings trade, not the Wall Street machines and robots, as its off limits to them. For example, compare the recent minor corrections in GDX and GXJ to $CDNX (what correction?).

https://spockm.com/

cdnxgdxGDXJ

AXAS Weekly…

BUYING SUPPORT…
axas

This rise in GOLD and PMs was telegraphed earlier in the week.

Weak GDP numbers drive GOLD this morning…tepid 1.2%

Economic pundits say worrisome.

GOLDBUGS SAY RIDE ‘EM!

Weird day

Yen up 2% but Gold and Silver about Flat

Shout Out to Surf City

Incredible call on the US Dollar Cycle High !

Revisiting Goldcorp -GG

Fake Assets – episode Goldcorp

 

Stay away from Goldcorp.  Their most recent report was a total nightmare.  Anything that has ever been touched by the “Goldcorp Gang” must be avoided.  This includes TAHO, PPP, SLW.  Just look at the underperformance of all of these names.  If the market gives us another shot to buy, DO NOT BUY THESE NAMES.  Buy The companies run by miners and class acts… RIC, NEM, AEM, MUX.

GDX on the weekly is way, way,way above its 50 day moving average right now

Screen Shot 2016-07-29 at 7.22.49 AM

Junior ATC and WML BO

junior ATC junior WML Weekly

BOJ disappoints…again

http://www.cnbc.com/2016/07/28/asia-stocks-to-focus-on-boj-meeting-us-gains-japan-inflation-data-earnings.html

Looks like My Math was wrong

They must have announced already..unless its a leak

yen

BOJ disappoints

Going to be a good Friday for PMs

USD JPY

USD JPY

BOJ Announcement

Looks like it is at 5 AM GMT which is 1 AM Eastern North American Time

The Press Conference is 2:30 AM Eastern NA Time

See Y’all in the wee hours

RMAR for silver Peaks?

Just curious if anyone here pays much attention to this as a sell indicator?

Article dated 7/27/16

http://www.24hgold.com/english/news-gold-silver-decision-time-for-silver-investors.aspx?article=8784025264H11690&redirect=false&contributor=Silver+Analyst

In other relevant news JGBond trading halted (on eve of major announcement)

http://www.zerohedge.com/news/2016-07-28/japanese-bond-futures-halted-without-warning