| | | GOT, KTN, MAI, MIRL, CKG
Goliath Resources aka GOT released a rather confusing PR concerning drilling at its flagship Golddigger Au/Ag prospect in BC's Golden Triangle Part of the confusion came from trying to figure out exactly what drilling on what prospect is underway, but eventually I realized they were merely repeating the information we already have from recent PRs about Golddigger, particularly the Surebet and Goldswarm prospects. Maybe there are a few nuggets of new information squirreled away amidst the repetition, but I was unable to find them. If you have, please enlighten us!
Message 34318902
Kootenay Silver aka KTN released a very short PR announcing that they have made the final payment and now own 100% of their Columba silver project in Mexico. It struck me that we haven't heard any real news from KTN in a while, so I checked, and indeed the last exploration-related PR dates all the way back to September. It's time for them to get off their asses and start earning their pay!
Message 34320252
The IKN paid newsletter brings us tidbits on several companies I follow. First, he points out that president of Minera Alamos aka MAI, Doug Remshaw, just bought another 100k shares, bringing his holdings close 9M shares.
IKN also brings us more bad news re Peruvian gold miner Minera IRL aka MIRL. Apparently there have been other employee resignations, including long time employees, something MIRL hasn't bothered to tell us about, and CEO Benavides never even bothered to show up for work till Friday last week. The ship is rudderless and sinking.
I will just make a brief mention of Chesapeake Gold aka CKG, who are trying to develop the large low grade Metates deposit in Mexico. Since their concessions troubles were announced the share price has been plummeting, today dropping almost to a dollar, far lower than it has been since the founding of the company over 20 years ago. At some point, the shares will become a bargain, but I have a feeling there is more downside to come as long time holders get shaken out. (I sold my shares years ago, so I am just watching.)
Interestingly, Saville, who is not given to hyperbole, after looking at a number of variables including the money supply and the SPX and various ratios, is now saying that $3000 is a plausible target for the PoG in the first half of next year. He also reminds us that we are in volatile territory, and that the risk of a decline to the mid-1800s in the next while remains apparent. |
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