logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Colombia Has Much To Prove

By  +Follow June 17, 2014 1:30PM
Share:

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

THE CALANDRA REPORT: Subscribe

$110 yearly: Does Not Recur

THE CALANDRA REPORT: Subscribe

$110: Will Recur Yearly

 

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.


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for RVM
Stockaholics
23 Sep 14 03:02:24
Major New SECRET Penny Stock Pick Coming Today! Check it out: http://t.co/xbwXVw0Wum $SVA $RVM $RPTP
Stockaholics
23 Sep 14 00:33:39
Major New SECRET Penny Stock Pick Coming Today! Check it out: http://t.co/xbwXVw0Wum $SVA $RVM $RPTP
Stockaholics
22 Sep 14 16:26:23
$ELRA Shot up 125.71% today, after our special update! Get our newsletter picks early: http://t.co/U3sURxFQcZ $SVA $RVM $RPTP
Stockaholics
22 Sep 14 11:46:08
$ELRA Shot up 125.71% today, after our special update! Get our newsletter picks early: http://t.co/U3sURxFQcZ $SVA $RVM $RPTP
Stockaholics
22 Sep 14 02:13:43
SECRET Penny Stock Pick, Coming Today! Platinum Members Once Saw it Gain 81% In One Day: https://t.co/WsiOrAqT0s $SVA $RVM $RPTP
Stockaholics
21 Sep 14 15:35:11
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $SVA $RVM $RPTP
Stockaholics
21 Sep 14 03:52:23
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/QeE5yyrrO4 $SVA $RVM $RPTP
Stockaholics
21 Sep 14 02:07:48
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $SVA $RVM $RPTP
Stockaholics
20 Sep 14 00:34:06
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $SVA $RVM $RPTP
Jahi Faucette
19 Sep 14 14:07:20
RT @theflynews: $ANET $EARS $ENDP $FNHC $FLS $GNBC $HCI $HMLP $ICD $LOXO $MHR $PEIX $RVM $TTOO $TASR $TSYS $UIHC $UVE $DSKY On... http://t.…
Stock Rocket
19 Sep 14 03:36:42
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $SVA $RVM $RPTP
Stock Rocket
18 Sep 14 22:01:59
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/h5N34SPJ6o $SVA $RVM $RPTP
Stock Rocket
18 Sep 14 02:58:07
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $SVA $RVM $RPTP
Stock Rocket
18 Sep 14 00:45:54
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $SVA $RVM $RPTP
Stock Rocket
17 Sep 14 16:08:12
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $SVA $RVM $RPTP
Stock Rocket
17 Sep 14 13:38:24
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $SVA $RVM $RPTP
Stockaholics
17 Sep 14 11:43:33
$RSII gained 150% in 4 days! Get our top penny stock picks early: http://t.co/iSqL7zgTT1 $SVA $RVM $RPTP
Stockaholics
16 Sep 14 20:44:58
Our Platinum Penny Stock Picks, Gained 90% In The Past 2 Days! Get our next pick early: http://t.co/hep0lGZUgZ $SVA $RVM $RPTP
Stock_Tracker
16 Sep 14 20:32:36
Revett Minerals Inc (RVM) 1.10 $RVM Revett Announces US $5 Million Loan Agreement Marketwire - Tue Aug 26, 6:0 http://t.co/UHhSqGjqXU
chartguy89
16 Sep 14 20:27:24
RVM 1.10 Stock Charts $RVM Revett Mining Co. Inc. (NYSE MKT) Last Updated: 09/16/2014 22:27:27 RVM Stock Chart http://t.co/CmOF12JF65
Stockaholics
16 Sep 14 12:56:35
$BRNW Ran Up 145% So Far Today! Huge News: http://t.co/0NGNmaYblA $SVA $RVM $RPTP
Stockaholics
16 Sep 14 11:18:10
$BRNW Ran Up 145% So Far Today! Huge News: http://t.co/agBJ7Ngnzq $SVA $RVM $RPTP
Stockaholics
16 Sep 14 01:30:06
$AZFL Gained 68.2% In Just 3 Days, After Our Penny Stock Alert! Huge Update: http://t.co/f6EXGyxEe9 $SVA $RVM $RPTP
Stockaholics
15 Sep 14 19:12:20
Our SECRET Alert on $INOH Closed Up 60% For Platinum Members Today! Major News: https://t.co/HzD6J3YtmW $SVA $RVM $RPTP
Stockaholics
15 Sep 14 15:51:17
Our SECRET Alert on $INOH Closed Up 60% For Platinum Members Today! Major News: https://t.co/HzD6J3YtmW $SVA $RVM $RPTP
Stockaholics
15 Sep 14 12:22:05
$DKAM Shot Up 150% And Has Seen Over 400 MILLION Volume Today! Huge News: http://t.co/PmkoXscmSi $SVA $RVM $RPTP
Stockaholics
15 Sep 14 09:23:55
We just released a major mid-day alert on MLHC! Check it out: http://t.co/zPRXsXfAGO $SVA $RVM $RPTP
Stockaholics
15 Sep 14 02:10:05
Major New SECRET Penny Stock Pick, Being Released Today! Check this out: http://t.co/VtX7ZDqQih $SVA $RVM $RPTP
				
				
By  +Follow June 17, 2014 1:30PM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.