David Pescod om COLOSSUS MINERALS

COLOSSUS MINERALS (T-CSI) $4.13 +0.13
Not that anyone cares about resource stocks these days (they don’t pay dividends do they?) but Colossus Min- erals is a company with its super-rich Serra Pelada gold/ platinum/palladium mine that should be up and running within the next six months in Brazil. I say should be up and running by then because it certainly looks like they’ve got a lot of things already built and they are starting to take a bunch of analysts down to see it first hand.
We had hoped to go mid-January, but there is a wee bit of a trick to going to Brazil...you need visas and part of getting that visa means that you could be kissing your passport away for up to a month while it is sent to Brazil- ian authorities who examine the passport and then issue the visa after a rather significant payment. (If you are thinking of going to Rio’s Olympics or World Cup, make sure to get those visas!)
Seeing as we were in the ‘sick bay’ the last while, it looks like we won’t be going, but I suspect it is going to be an interesting tour for the analysts and observers that do get on board.
Today though, it’s big news is there’s some significant changes in management as Colossus announces that “David Anthony has been appointed President and COO. He is a mining engineer with more than 30 years of experi- ence in the business including nine years with Barrick Gold where he was responsible for the development of Bulyanhulu, Buzwagi and Tulawaka mines.”
Also significantly, Luis Albano Tondo has been ap- pointed VP Operations and Country Manager. In mining these days it is important to make sure that the locals are happy with what you are doing.
Meanwhile we look at a long list of analysts that love the story as Clarus Securities has a $12.50 Spec Buy; GMP Securities has an $11.50 Buy; RBC Capital Markets has an $8.00 Outperform target; Macquarie Securities has a $7.75 Outperform target and Dundee Securities has a $7.70 target. But no one seems to care...yet! Hey it is the resource sector no matter how rich this play might be.
Meanwhile Nicholas Campbell at Canaccord has an $11.00 target which he gets to by stating, “We continue to value the shares of Colossus based on a 0.75x multiple to our peak gold price estimate of NAVPS (7.5%,US$2000/oz Au) of C$14.51, which gives us a target price of C$11.00, unchanged.”

Väntan på Aurcana

Fortsätter pendla kring 1 CAD i en svag råvarumarknad och i väntan på PR om kommersiell produktion i Shafter-gruvan.

Q4 2012 är uppgett, senaste PR innehålle två nyrekryteringar, LN och Shafter, som visar hur man satsar hårt på båda gruvorna.

Bubbelvarning av BIS

Bloggare som tar upp att Centralbankernas Centralbank, BIS som varnat före kraschen 2008 nu varnar igen.

http://www.washingtonsblog.com/2012/12/worlds-most-prestigious-financial-agency-called-the-central-banks-central-bank-warns-of-bursting-bubble.html

Gammal PR från Endavour som visar potentialen i bolaget

VANCOUVER , Nov. 14, 2012 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR, OTCQX:EDVMF) announces strong financial and operational results for the third quarter of 2012, including operating cash flow from Youga and Nzema mine operations of $40.7 million and production of 49,468 ounces of gold. The third quarter results do not include results from the Tabakoto mine, acquired via the Avion transaction subsequent to quarter end.
Neil Woodyer, CEO, stated
"Our Nzema and Youga mines have delivered another strong quarter of production and cash flow, with our 9 month production totaling over 152,000 ounces and generating $121 million of operating cash flow. Now that we have completed the Avion acquisition and added a third mine, Tabakoto, our full year 2012 gold production is expected to be approximately 300,000 ounces and our growth pipeline has expanded. We plan to complete the Tabakoto mill expansion during the first half of 2013, which is expected to increase Tabakoto gold production to approximately 150,000 ounces per year. In addition, Agbaou has achieved its first construction milestone as concrete pouring began this month. The Agbaou mine is on schedule to contribute an additional 100,000 ounces per year from early 2014."

Aktuell portfölj dec 2012

Sålt av Semafo i samband med minskad produktion Q32012, tvingats minska i SIAF pga min höga belåning i Aurcana. Även tvingats minska lite i LUPE pga överbelåning uppstått. Thingats sälja av ca 300 Telia också pga överbelåning.

Kvar är
Ca 20 000 Aurcana
2700 SIAF
Lite LUPE, DetNor & PetroBras
Endeavour mining
& Lite Fortum och France Telecom

Det känns bra att behålla och hålla Aurcana-silver, Endeavour mining-guld och LUPE/DetNor/PetroBras-olja

Målet är att till så bra kurs som möjligt återköpa SIAF i kölvattnet av en förmodat kurshöjning av Aurcana i samband med PR om kommersiell produktion i Shafter.

Jag kommer även fortsätta bevaka Semafo, Bridge, Apogee silver, Wildcats Silver, Victoria gold, Lake shore gold, Avino och ElectroBras.

Framöver ska jag titta på vad som hänt med ElectroBras, kolla upp Lake shore gold närmare och följa upp Wildcat silver.

Avanza presentation från denna vecka om Robothandel

https://www.dropbox.com/s/u2aew5yj2crh86c/HFTAvanza.pdf

Intressant på Bloomberg om att guld leasas ut

ON BLOOMBERG - Gold lease