Loading ...Buy gold from $800-$1000/oz – anybody looking at Canamex?
Spock’s Canamex STO launch “imminent” – anybody looking at this Canadian Mint backed STO or even the stock itself given this new form of financing is non-dilutive?
Supporting interviews:
- www.kereport.com/2018/05/10/canamex-gold-insights-security-token-offering-sto-backed-gold/
- www.stockpulse.io/news/canamex-gold-corp-commences-trading-on-the-canadian-securities-exchange
- www.proactiveinvestors.com/companies/stocktube/9249/canamex-gold-first-publicly-listed-company-to-launch-security-token-offering-9249.html
Note gold futures max out after 5 years on CME and currently priced at +$1500/oz. Canamex’s future calls have no expiry date plus they are on discount at $800-$1000/oz so should be an attractive proposition for token holders:
Shareholders should also benefit too given that traditional equity financing at best is based on say $50-100/oz resource value in the ground and dilutive too. And for every $5M raised (5000-6250oz equivalent) this is just 6-8 weeks of annual gold production on their 10 year Bruner project alone which could be up and running by as early as end of next year.
As for technical analysis backtesting appears to be complete. Since CSE listing price is up +30% from lows to 15-17c so the turn appears to be in play already:
$CSQ.V Canamex Gold
It BT my support line of my weekly blue triangle as expected. On the daily we can see that it formed a purple falling wedge as a BT pattern to the weekly blue triangle. The other weekly has a range and an inverse h&s, plus a nice thin zone coming up later on. pic.twitter.com/Fo85Wbqwn6— Graddhy – Commodities TA+Cycles (@graddhybpc) May 7, 2018
Or am I missing something here?
Thanks Jonno. I own too much already to add, but things do seem to be chugging along. Thanks for posting Graddhy’s chart, he is making a mark on twitter. Cheers.
Thanks for posting CSQ info.
Does Stockcharts.com support the data feed from CSE?
What will be the symbol used?
Do US brokers will take the trade for CSE equities?
Thanks.
According to FAQs Stockcharts only cover TSX and TSXV.
At this point in time I am just going direct to CSE to view CSQ chart:
http://thecse.com/en/listings/mining/canamex-gold-corp
But having said that historical data between CSE and TSXV appears to be different too.
For example on CSE the high for CSQ in July 2012 was $0.385 whereas the high at same time was $1.76 when it was listed under TSXV – so could be past rollback(s) not reconciled perhaps?
As for US brokers who can trade CSE stocks these are the only CSE links I could find:
http://thecse.com/trading/dealer-directory
http://thecse.com/support/investors/how-to-trade-stocks-on-the-cse
You might have to delve into this more as I use IB myself but found out that at this point in time they will only allow selling of existing holdings but not buy additional shares.
Good luck
Here is a list of market data vendors that provide CSE data:
http://thecse.com/en/services/market-data/market-data-vendors
Here is one of them that is able to display CSQ over 2 year period (max):
https://www.barchart.com/stocks/quotes/CSQ.CN/interactive-chart
Looks like this will have to do for now