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Colombia Has Much To Prove

By  +Follow June 17, 2014 1:30PM

colombia mining stocks, colombia mining sector, colombia presidential election, junior mining stocksTIBURON, CALIFORNIA -- This just in from Revett Minerals  (RVM) ($RVM:CA). The copper and polymetalic producer from Montana is seeing its shares rise about 25 percent in recent days.

John Shanahan, CEO, tells us, "Just moving along with the new drift at Troy. Nice to see some price movement. Hopefully metal prices have bottomed out and we can get back into production at decent prices." Troy is the Montana mine that was sidelined because of safety concerns. The other thing -- Rock Creek, which I have seen:

"Our Rock Creek permitting is with the agencies, they are crossing every T, dotting every I." That works for me. I am a long-term shareholder and used to research the company. Rock Creek legal and permitting issues have been in the works for the better part of two decades.

Revett has been piling on the court and administrative "wins" for Rock Creek in the past two years. It is a corker if it happens.

Now, Mr.Shanahan and team need to see Troy back in production mode and profitably at that.

SYSOREX GLOBAL (SYRX) : Still rising. I continue to purchase as I can.

The computer systems integrator is presenting to investors in Toronto this week. SYRX in USA. 

Abitibi Royalties ($RZZ:CA) (ATBYF) : A fresh high today. The new Osisko Mining ($OSK:CA) must deal, deal, deal with our Malartic CHL joint venture partner. Golden Valley Mines (GZZ:CA) (GLVMF) also is benefiting. 

Abitibi could become a "friendly" takeover target for the "new" Osisko.

COLOMBIA: SOLVISTA GOLD ($SVV:CA) ($SVVZF) just cleaned house, a day after the president was re-elected to another four-year term. The CEO's departure, Miller O'Prey, along with others, is a vote against the way Colombia does business. 

Other prospectors and producers are ailing in the stock market today as well.

Most prospectors expect the same slow grind when it comes to permitting of new project, or staking of mineral claims. Plus, there is a small chance that President Santos, just by his re-election by a narrow margin, will divide his country.

I am in touch with Norvista, the Gerry McCarvill merchant bank in Toronto that calls the shots at Solvista Gold. Don Christie there tells us, "We believe at this point in the cycle there are a number of potential opportunities in jurisdictions outside of Colombia. IAMGOLD is a solid partner to have for our Colombian projects."

Mr. Christie, the CFO, does not mean Guadalupe in addition to Caramanta, which is optioned out to much larger Iamgold (IAG)

Kinross will be looking at Guadalupe in Colombia this month, he says. In the meantine, Solvista will avoid anything else in COLOMBIA and instead look in Mexico, USA and Canada. It has about $4 million of cash left on the books.

"We really want to take advantage of these compressed valuations ‎in good jurisdictions,"  Mr. Christie says.

The shares are a disaster, and I hold more than 200,000 of them as SVVZF. 

Our TCR audience will recall that when we first started researching, and visiting, the company, we saw the shares go to above $1 CAD from 20 cents or so.

What can I say except that all of our Colombia holdings are now under review. 

Meet the new president, same as the old president.

John Gomez, a Canadian who is active in the country on the minerals front, says Colombia's mining minister almost surely will be ousted. Whether that is window dressing for President Santos, who has much to prove in this second term, remains to be seen. Mr. Gomez recently was a director of Inovent Capital, a Vancouver, Canada, company.

Still, even if every mining official in the country resigns, many mineral prospectors -- gold, silver, copper, coal, even energy -- are sure to give Colombia the cold shoulder. The nation is rich in resource and dirt poor in common sense and cooperation. As Mr. Gomez says, "At least there is still the Colombia soccer team to root for." 

Let's pray President Santos does not travel to Brazil to see the team play on Thursday. I'm a fan of Colombia.

Solvista almost surely will exit the TCR 7. More to come on Atico Mining (ATY:CA), another Colombia company in our featured list.

Atico in the stock market is outpacing its Colombian cousins -- perhaps because it is family run and operates a producing mine in an area sheltered from the evil-sowing FARC rebels.

Outside of Colombia, Bitterroot Resources ($BTT:CA) (BITTF)  is trending higher. The tiny platinum group metals prospector is working its Michigan site. This is all or none for Bitterroot. If something hits the bit (of the drill), the shares will rise fivefold or more in a week. We will know more come July. You will have to purchase the shares now to participate.

True North Gems ($TGX:CA) shares are trending higher on good volume. Waiting to hear the latest from Nick Houghton on the Greenland ruby miner. ... We shall be sharing photos of the American Sands Energy (AMSE) pilot plan demonstration -- later this week. AMSE is starting to attract bankers and oil-fund managers who are just learning about the Utah property that CEO Will Gibbs is developng for heavy sands oil. The demo took place last week.

By Thom Calandra

Subscribe @ THOM's Page


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DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.

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Results for RVM
Biz News Pioneer
29 Aug 14 13:44:45
$RVM: Revett Announces US $5 Million Loan Agreement http://t.co/vzc0hU50x7 http://t.co/ODiXPxT5h7
29 Aug 14 13:35:10
$RVM - Current Report Filing (8-k) http://t.co/zyEAXokWJL
VisualStock Resource
29 Aug 14 13:35:08
$RVM - Current Report Filing (8-k) http://t.co/e6uiP549OR
Newsfile Corp.
29 Aug 14 13:32:01
$RVM.CA $RVM Revett Mining Company, Inc. files Form 8-K on EDGAR http://t.co/s57BCu177b
29 Aug 14 12:34:12
RSII shot up over 100% today! Major Update: http://t.co/GMnQioznZp $SVA $RVM $RPTP
28 Aug 14 15:29:14
$VIIC ran up 720% Today in an explosive move! Our new picks are coming soon: http://t.co/EdxLh9u5Nx $SVA $RVM $RPTP
27 Aug 14 20:40:00
REVI closed up 44.5% today! Special Update: http://t.co/6o15AzsDr3 $SVA $RVM $RPTP
Eli Pritsker
27 Aug 14 20:27:15
RT @JJJpennycharts: watcher over a dollar for tomorrow... $RVM $AEZS $PIP $RIC $RXII $TC $BBLU
27 Aug 14 20:17:27
RT @JJJpennycharts: watcher over a dollar for tomorrow... $RVM $AEZS $PIP $RIC $RXII $TC $BBLU
Joey Joe Joe Junior
27 Aug 14 19:59:19
watcher over a dollar for tomorrow... $RVM $AEZS $PIP $RIC $RXII $TC $BBLU
Business News
27 Aug 14 13:44:38
$RVM: Revett Provides Update on Troy Mine Development and Rock Creek Permitting http://t.co/KLcHfBE7t3 http://t.co/pHASTOWwzo
Stock Market Monitor
27 Aug 14 11:44:39
$RVM: Revett Announces US $5 Million Loan Agreement http://t.co/XK88wnhyYU http://t.co/apThJWldHA
Joey Joe Joe Junior
27 Aug 14 10:51:25
$RVM also on close watch into todays close. Looks close
27 Aug 14 09:02:30
http://t.co/vVojvVrNNL microcaps: $RVM Revett Minerals Inc: Revett Announces US $5 Million Loan Agreement http://t.co/k35CkVJGMP
27 Aug 14 01:13:27
We are Releasing a SECRET Penny Stock Pick Today! Get it early: https://t.co/pOvMqLbReN $SVA $RVM $RPTP
Eli Pritsker
26 Aug 14 21:24:28
RT @JJJpennycharts: things over a dollar tomorrow... $RVM $AEZS $AMRN $CTIX $PIP $BBLU $NFEC
26 Aug 14 20:57:17
RT @JJJpennycharts: things over a dollar tomorrow... $RVM $AEZS $AMRN $CTIX $PIP $BBLU $NFEC
Joey Joe Joe Junior
26 Aug 14 20:51:10
things over a dollar tomorrow... $RVM $AEZS $AMRN $CTIX $PIP $BBLU $NFEC
26 Aug 14 06:08:35
$RVM: Revett Minerals enters into a $5.0 mln loan agreement http://t.co/2K5ZO802M6
Stock News Guru
26 Aug 14 04:44:39
$RVM: Revett Mining Company's CEO Discusses Q4 2013 Results - Earnings Call Transcript http://t.co/P7F7kLIJlI http://t.co/RXKotJfInK
26 Aug 14 04:05:02
Revett Mining : Announces US $5 Million Loan Agreement http://t.co/OyMpyXGUdE $RVM
26 Aug 14 04:05:01
Revett Mining : Announces US $5 Million Loan Agreement http://t.co/HL8oGZIiHH $RVM
Wall Street Monitor
26 Aug 14 03:44:34
$RVM: REVETT MINING COMPANY, INC. Files SEC form 8-K, Unregistered Sale of Equity Securities http://t.co/UynI2nMCZb http://t.co/5RReuco2mC
Wall Street Monitor
26 Aug 14 02:46:46
$RVM: Revett Mining Company: Patience http://t.co/U8einIxSpr http://t.co/AvN9M3FkPx
26 Aug 14 02:01:41
$MCET closed up 57% yesterday. Platinum Members once saw 235% gains on it, in 1 week: https://t.co/9OxPSiatev $SVA $RVM $RPTP
By  +Follow June 17, 2014 1:30PM



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