November 6, 2015 Dudley Pierce Baker http://CommonStockWarrants.com   I have previously expressed my views on reverse stock splits, “..Frankly, I hate to see roll backs because inevitably the share price continues to decline. Actually I have been known to sell shares on the news of a roll back and then repurchase them at lower prices in a few weeks or months, assuming I still like the company…” One of my personal holdings ‘was’ Endeavour Mining with 4 gold mines producing in Africa over 500,000 ozs a year and will great upside potential, if and when gold resumes it’s uptrend. Endeavour Mining, TSX:EDV announced after the markets closed on Thursday, November 5,2015 that they were rolliing back shares, ‘a reverse stock split’, 1 for 10. Frankly, I did not see this coming. Bottom line is that I sold my entire position early on November 6th and would like to thank management … Continue reading

Six Mining Companies that Pass Craton Capital’s Shareholder-Centric Filter

From his perch in Johannesburg, Swiss-born Craton Capital Fund Advisor Markus Bachmann has been watching the metals price and cost cycles, and he has some good news. The days of mining company managements using shareholders to support their lifestyle may be nearing an end. He is seeing more companies run like a business, throwing off free cash flow even in a depressed price environment and providing opportunities to get in on the ground floor of turnaround stories. In this interview with The Gold Report, Bachmann shares six names from the portfolio that pass his rigorous resource and operational criteria tests. The Gold Report: What are the indicators you watch when evaluating the fundamentals behind gold, silver and copper? Are you looking at financial policies in the U.S.? Gross domestic product (GDP) in China? Economic headlines from Europe? Something else entirely? Markus Bachmann: Those are all short-term catalysts. A potential interest … Continue reading

With KSM Permits in Hand, Seabridge Is Now Set to Leverage the Coming Bull Market in Gold

With Proven and Probable reserves of 38 million ounces of gold and 10 billion pounds of copper, the potential of Seabridge Gold’s KSM project in British Columbia has long been sky-high. In this interview with The Gold Report, Chairman/CEO Rudi Fronk explains that his company has always maximized its leverage to the price of gold. So now, with KSM fully permitted and greatly enhanced by the discovery of higher-grade gold and copper, and a bull market in gold now on the way, the recent strong gains made by investors in his company are likely only the beginning. The Gold Report: You cofounded Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) in 1999. What is the key lesson this company has taught you over the last 16 years? Rudi Fronk: The importance of clear and consistent messaging to our shareholders. We accomplish this with a self-imposed report card. In each annual report we clearly … Continue reading

Marin Katusa’s Transformative Vision of a Post-Fission/Denison Merger Uranium World

Investors have spoken, and they said they don’t want a merger of Fission Uranium and Denison Mines. In this interview with The Energy Report, Marin Katusa, founder of Katusa Research, shares his insight on why Fission investors rejected the deal and where he is finding value in the uranium and oil sector today. The Energy Report: What happened to the Fission Uranium Corp. (FCU:TSX)–Denison Mines Corp. (DML:TSX; DNN:NYSE.MKT) deal? Why did investors reject it and what does it mean for the junior uranium mining landscape? Marin Katusa: Ross McElroy and his team have done a great job growing the Patterson Lake South (PLS) resource, which is turning out to be a world-class deposit. It is clear the majority of the Fission shareholders wanted the company to stay focused on its PLS project and didn’t believe the benefits of diversification, including access to a mill, the Lundin group and Wheeler River, … Continue reading

Four Reasons Investment Strategist Joe McAlinden Likes Hard Assets, Especially Gold

In September, former Morgan Stanley Investment Management Chief Global Strategist Joe McAlinden announced in an interview with The Gold Report that he had reversed his view on commodities. In this interview, he predicts that the gold price could double in the next two year and envisions even more upside for the mining equities. The Gold Report: At the end of 2014 you described yourself as a reluctant bear on the U.S. stock market. Why? Joe McAlinden: I said “reluctant” because I really don’t like being negative on U.S. equities. After all, stocks go up two years out of three, and so the odds are against betting on a big decline. Nevertheless, after five decades at this game, I have come to believe there are rare moments in market cycles when prudence dictates going against the crowd. And the conditions that I observed at the time had me very concerned about … Continue reading

How to Spot Buyout Clues in Today’s Resource Market

What if you could tell before a press release comes out that a company is poised to be bought out, possibly at a nice premium? Sounds good, right? By watching historic patterns, that might just be possible. The Gold Report reached out to experts who have been around through enough cycles to know and asked for the clues they watch that an acquisition might be imminent. From location and early investment to derisking levels, you just have to know what to look for to position yourself for a liquidity event. There are certain points in market cycles where buyouts just make more sense than in others. Chen Lin, author of the popular stock newsletter What Is Chen Buying? What Is Chen Selling, sees a recent flurry of mergers and acquisitions (M&A) as an indication that we are, indeed, at the bottom of the gold market and can expect more consolidation—and … Continue reading

Sierra Metals Sees Organic Growth Leading to a Billion-Dollar Valuation

Since 2010, Sierra Metals has managed to continually increase production at its Bolivar and Cusi mines in Mexico and its Yauricocha mine in Peru while increasing reserves. Even better, all three mines are part of huge land packages barely explored. In this interview with The Gold Report, Sierra Metals President and CEO Mark Brennan explains how he has centralized and rationalized company operations, how he is modernizing production and how he intends to grow Sierra internally to become a large-cap producer with a billion-dollar-plus market cap. The Gold Report: In the last six months Sierra Metals Inc. (SMT:TSX) has replaced its president/CEO, director of corporate development, VP Exploration and COO. Why was this wholesale transformation of management necessary, and what is your mission as the new president/CEO? Mark Brennan: Sierra was previously a somewhat disjointed company and lacked centralized management. Historically, Sierra had a CFO in Peru and a CEO … Continue reading

One of America’s Largest Companies is Stockpiling Food and Gold for the Next Financial Crisis

One of America’s Largest Companies is Stockpiling Food and Gold for the Next Financial Crisis By Justin Spittler October 30, 2015 One of America’s largest companies is taking a controversial stance on employee benefits. In a move that is sure to draw criticism from the mainstream press, Jonathan Johnson, chairman of online retail giant Overstock.com (OSTK), publicly stated that the company has stockpiled gold and food in preparation of a U.S. financial crisis. Johnson recently told an audience at the United Precious Metals Association: We are not big fans of Wall Street and we don’t trust them. We foresaw the financial crisis, we fought against the financial crisis that happened in 2008; we don’t trust the banks still and we foresee that with QE3, and QE4 and QE n that at some point there is going to be another significant financial crisis. Quantitative easing (QE) is when a central bank creates money from … Continue reading

Interactive Brokers and Stock Warrants

  October 29, 2015 Dudley Pierce Baker http://CommonStockWarrants.com     Interactive Brokers and Stock Warrants Some investors are challenged to find a brokerage firm to execute their stock warrant trades. Our previous brokerage firm recently suspended their operations and we were forced to seek out another broker. We found that Interactive Brokers (IB) not only allows customers to trade stock warrants, but also stocks, futures and options all in one account. Canadian or U.S. stocks or stock warrants, no problem. I have moved my account to Interactive Brokers (IB) and encourage other investors or our subscribers to consider IB as well if your current broker is not providing the service you desire. We did our own due diligence to find a new brokerage firm, as should you, but we also like the fact that our friends at Casey Research also ranks IB at the top of the list of Online Brokerage Firms. You can read the Casey Special Report here. Making … Continue reading

Marin Katusa: Follow the Good Guys in Mining

The most valuable resource in a mining company is often the people. Good management can attract the right investors and add value regardless of the market. In this interview with The Gold Report, Marin Katusa, founder of Katusa Research, shares his litmus test for which mining companies are worth his hard-won dollars and which ones he is avoiding for the foreseeable future. The Gold Report: You seem much more positive about gold right now than when we talked in June. Based on the chart you have on Katusa Research of the U.S. dollar versus gold and in the wake of the Federal Reserve’s inaction at its last meeting, what’s your thesis for gold for the rest of 2015? Marin Katusa: As I said in the spring, I don’t see the Fed raising rates this year. Using some simple game theory, for the Fed not to raise rates is the best … Continue reading