Low Key (s): Pasinex, Riverside, Cambodia -- TCR Network
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By Thom Calandra, TCR Network
on 8/10/2017
SOME STOCKS are easy to read. One of them is Riverside Resources.
This
is just to say, and remember, I am not a financial adviser, nor am I a
broker, and I do not get paid by any corporate cats: Riverside shares,
RRI is Canada ticker and RVSDF is USA ticker, is amidst what brainiacs
call "accumulation." Since that mid-June swoon.
I have written a metric ton of material about John-Mark Staude's Mexico (Arizona, British Columbia, too) spawner of copper, silver and gold projects. John-Mark is one of several low-key (see below) miners who populate this piece today.
Mark
my prose on that one: RRI/RVSDF. I think the USA-version is 28 cents
USD right now. This is a suggestion to examine the Riverside properties,
the Canada company's several earn-in partners and the private and
public shares of other companies it holds in file cabinets.
I have owned RVSDF for more than five years. [Please refer to earlier TCR private reports for background.]
The company does a stock financing maybe once every five years, if
that. So buying and selling the 45 million shares outstanding are both
challenges. Warrants out there? I think none. Cash on hand: about $6
million USD, I think.
Pasinex Resources
, a profitable Turkey zinc producer
, is low key when it comes to playing the piano bar for fresh investors. That is because of Steve Williams,
the Ontario geo-metallurgist who runs it. A native Australian, Steve
was separated at birth, or maybe in his early teens, from both Nick
Cage, the actor, and Mr. (Fred) Rogers, the kiddie show host who played Mr. McFeely.
He's a rumpled smiley-face. [Mr. Williams in TCR image above] Anyway, I have owned Pasinex's stock for about 8 months on the advice of David Cole, whose EMX Royalties also owns a slug (PSE ticker in Canada\trades also in Germany).
Making money in the idea of direct-shipping ore from a small mine in southern Turkey to refiners in Europe, Iran and Turkey.
I thought I would pass along two items to supplement our TCR Network coverage of Pasinex. One is an interview, now 9 months dated, of Steve Williams by economic geologist Allen Alper: Metals News. The other is an web date Pasinex is making with its audience for August 16 at http://pasinex.com/webinar/. Cheap date.
Just
about everything is in those fresh images: kids, tuk-tuks, motorcycles,
Mekong Delta, Mesco Gold Mine, night markets, drilling, coconuts,
bamboo, temples, more bamboo, Angkor Gold's copper project, the city of
Phnom Penh, the forested city of Ban Lung and Ratanakiri Province. Just
about everything I saw during the almost two weeks I was there through July 31.
Our
January 10, 2018, trip to Cambodia (during dry, sunny and lovely
season) has three spots left of 15 total; that was quick. The
8-day-to-11-day trip (you customize and I realize) shapes up as half
guys and half girls.
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More here
on the
trip,
which will be my 15th or 16th to see Angkor Gold's Mike & Delayne Weeks,
John-Paul Dau
, Viseth Keo, Samath Ma, Dennis Ouellette
and my manicurist and hair salonista.
The
trip, I can say now that it is brimming, will more or less run the
price of your air ticket (coach is about $900 USD round-trip to Phnom
Penh from USA and Canada), and a few scant dollars here and there in
this, the lowest-cost nation in SE Asia.
Shares I am accumulating still: Riverside Resources (after this report is delivered; royalty-owners Angkor Gold, Metalla Royalty & Streaming, EMX Royalty).
I also bought a little more Xtra-Gold, the depressed Ghana gold project developer. XTG in Canada/XTGRF in USA
My sales, for purposes of our TCR Network, include Gold Standard
Ventures (GSV in Canada and USA). I made money holding (for 5 years)
this Elko, Nevada, project developer; now, GSV's constant financings
make it too rich for my keyboard, even at $1.60 USD.
Stocks ON MY DEATH STAR even though they look cheap but have more challenges ahead: Asanko Gold (another Ghana gold miner whose Nkran pit I have seen twice); I DO NOT KNOW WHAT TO THINK about the wacky trading of Comstock Mining
(LODE in USA) -- all over the place on tremendous exchange of shares.
If you recall earlier in the spring here (2017), we said the Nevada
silver-gold developer's stock looked like it could undergo some kind of
programmed trading -- algorithms, manipulations, and so on. I think LODE
has seen that happen, and its instantaneous decline to 18 cents from a
whirlwind rise to 25 cents on tens of millions of shares strikes me as a
coordinated high-key job that attracted so-called momentum investors
for the glide-ride-slide.
I own a small amount of LODE and have neither bought any nor sold any in the alto-rhythm trading.
-- Thom Calandra
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Tiburon CA USA
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