Gold Juniors

[JBmurc]

Thanks a lot JB for increasing my workload BOK sounds like a wee Gem atm which i will have to do a magpie on. cheers JT

Yes #1 BOK ,2# CAV ,#3 PXG ,#4 RMS ....IMHO if all goes to plan #1-50-60 bagger #2-20+ bagger #3-10+ bagger #4-RMS 10+ bagger

well I can dream .....

[JBmurc]

PXG worth keeping an eye on known leaking ship SP moved strongly on nil news on friday ......Zijin , EVN both want PXG resources(already hold major positions) .......$2000oz AUD gold predictions >>could really move on T/O news or J.V CONTRACT

[JBmurc]

And there we go Zijin making a takeover bid for PXG....>>>>leaky ship ......broker talking it up as well I heard

Wonder if this was the reason for JP stepping down

My largest holding so hoping to see some good gains

still not going to sell to the bastards that have been putting are SP under pressure to get it cheap ....20c min IMHO

[Joshuatree]

This is a great report courtesy of nordesmic small and big Goldies. I hold BDR,MML,OGC,PGI

http://betweenthelinesfinance.com/wp-content/uploads/2015/06/Gold-Stock-Report-June-2015.pdf

[Daytr]

Thanks for posting JT, agree, its a good summary & some reasonable analysis.
The last company they mentioned BYR looks interesting.

[JBmurc]

"Breakaway Research rates Carnavale Resources as a "speculative buy", with short-term price movers being positive results from the imminent drilling. "Carnavale is commencing drilling on shear hosted poly-metallic targets at their Red Hills Project, where they are earning up to 75 per cent through an earn-in agreement. The Project is located in Nevada, a well-known and relatively mining friendly jurisdiction. Sampling and mapping by Carnavale over historic workings has confirmed the high grade nature of the mineralisation, and a mid-point exploration target (100 per cent basis) of 12Mt has been estimated over the two targets. Our calculations indicate a zinc equivalent grade of around 22 per cent based on the recent sampling. Red Hills is also prospective for Carlin-style mineralisation – soil sampling at Viper has returned a Carlin-style geochemical signature, and is situated in a similar structural and lithological setting as that for both the Kinsey and multimillion ounce Long Canyon deposits located to the north."

http://www.afr.com/markets/equity-m....0150726-gijpx1

[JBmurc]

"Evolution Mining [ASX: EVN] is believed to have taken its stake in Phoenix Gold [ASXXG] to 19.8% on Friday, it was said. A line of stock representing about 10% of shares on issue was crossed in the market at AUD 12c.

Evolution declined to comment but it has not approached Phoenix with any proposals at the time of publication.

Phoenix suitor Zijin Mining [HKG 2899], it was added, is not the seller. Last month Zijin, one of China’s largest gold miners, announced it had executed a pre-bid agreement with Phoenix’s 17.9% shareholder Geologic Resource and said it intended to make an AUD 0.10 per share off-market takeover offer. Zijin’s move blocked Evolution’s tranche 2 placement in Phoenix, leaving Evolution with 9.4% in Phoenix from its first tranche.

Evolution’s move would appear to put a floor price on any bid Evolution may make.

This news service has reported that although Phoenix considers AUD 0.10 per share well short of what it can accept the two parties are in talks trying to reach some agreement around value and conditionality.

This news service has reported that other parties, including Evolution, are active in its data room."

[clip]

SOC back on your radars JB/daytr?

[Daytr]

They haven't been Clip. I did see the recent announcements though. Interesting & might be worth a speculative punt considering the market valuation.

[JBmurc]

Yes old SOC might get some spec traders funds ...not sure if I could hold again ...