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I am building a list of "sophisticated" and/or "accredited" investors who
qualify and desire to participate in private placements. A private placement is
when a company issues stock and warrants (which are like options) to raise money
for things like drilling or acquiring more properties. To qualify, the investor
usually has to have at least $250,000 annual income, or a net worth of
$1,000,000, (not including home residence). If I find any private placement
opportunities, I might be able to introduce you to the company, and I might get
a referral or finder's fee. Email me at
jasonhommel@yahoo.com and tell me if you are a "sophisticated" investor if
this kind of opportunity interests you. This is not a solicitation for any
particular stock or company, and I'm not brokering any securities or selling any
stock.
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Brokerages for investors in the USA that handle Canadian issues and/or pink
sheets:
www.ameritrade.com Internet, $10.99; Telephone System, $14.99; Broker-assisted:
$24.99 Market orders, $29.99 Limit orders.
www.penntrade.com online trading, $29.95/trade. no extra charges for market
orders, limit orders, large volume, small volume, stocks under $1.00, or
Canadian, Pink Sheets, or OTCBB. (Get started with only $500!)
www.pennaluna.com --for broker assisted trades, starting at $45/trade.
www.gril.net Global Resource Investments LTD.. "They appear to be very
knowledgeable in the field and all their brokers are out of the mining
industry."
www.aftrader.com --only $10 in and $10 out. No extra fees. You buy the Canadians
PK or OB.
www.etrade.com
www.scottrade.com "will buy Canadian stocks cheap."
TD Waterhouse "They will gladly open a Canadian account for their American
clients, allowing trades directly in Canadian currency and on the Canadian
markets"
I have been buying Canadian stocks through my online Fidelity trading account
with no problem
Interactive Brokers
http://www.interactivebrokers.ca/ --"Low trading cost just 2 cents a share up to
500 and 1 cent after that with a $2.00 minimum
This is the lowest cost online broker I am aware of.
I believe they accept accounts from anywhere in the world you can also trade
European, Australian, African exchanges etc. as well as options puts, calls,
futures etc.
You trade with a online trade platform with streaming quotes orders are filled
very quickly! unlike the slow interface of most online brokers.
There is one drawback you can trade TSE, AMEX NSE stocks but unfortunately not
the venture exchange where many mining stocks trade."
(If you know of any other good brokers for CAN issues, & PK stocks, email me.
Jasonhommel@yahoo.com Some investors are telling me their brokers cannot buy
Canadian stocks or the pink sheets.)
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TO TRACK THE STOCKS ON THIS LIST: Click on yahoo finance. Take a minute to
register. Sign in. At the top of the page, click "create" a portfolio. Choose
"track your current holdings". In the large box, copy and paste the following
symbols (Use your mouse to highlight the text, then use control-C to copy,
control-V to paste).
XAGUSD=X BHP GMBXF.PK BVN HL CDE IPOAF.PK GRS GAM.TO ECU.V MAI.V MNEAF.OB SIL
MFN MFL.TO CFTN.PK TM.V TUMIF.OB KBR.V PAAS CZN.TO CZICF.PK FSR.TO WTZ WTC.TO
ORM.V SSRI MGR.V MGRSF.PK DNI.V ADB.V SRLM.PK CHD.V CHDSF.PK FAN.TO FRLLF.PK
HDA.V SVL.V STVZF.PK EXR.V EXPTF.PK ASM.V ASGMF.PK MNMM.OB UNCN.OB III.TO
IPMLF.PK FCO.TO FCACF.PK CDU.V CUEAF.PK AOT.V ASOLF.PK MCAJF.PK IMR.V IMXPF.OB
TVI.TO TVIPF.PK EZM.V EZMCF.PK CAUCF.PK MAG.V NPG.V NVPGF.PK MMM.TO OTMN.PK
MMGG.OB IAU.V ITDXF.PK SML.V SMLZF.PK EXN.V NBG.V NBULF.PK SDR.V MAN.TO MMALF.PK
BCM.V BCEKF.PK EPZ.V ESPZF.PK QTA.V QURAF.PK NJMC.OB HGM.V HOGOF.PK GNG.V
GGTHF.PK CHMN.PK KRE.V KREKF.PK MMG.V MMEEF.PK BGS.V SPM.V SHSH.PK CEV.V
CVEEF.PK LEG.V SRY.V FR.V BBR.V TUO.V TEUTF.PK ROK.V CBP.V CPBMF.PK LEG.AX NL
MAR.AX MTB.V MSLM.PK SBUM.PK FWGO.OB MERG.PK SMLM.PK SIBM.OB SIVE.PK MEMLA.PK
SLSR.PK SDSI.PK HRNS.PK GPXM.OB GSPG.OB AAG.V ANMCF.PK YLS.V LASCF.PK RRM.V
LMA.V
The first symbol, "XAGUSD=X" lets you track the silver price. These symbols are
in the rough order they appear in this weekly report, so this way, you can
follow along what's taking place in the silver market on a daily basis. Also,
you can easily access charts for any of these, such as 1 day, 5 day, 3 month, 6
month, 1 year, 2 year, or 5 year charts. You will love being able to access
this information so quickly from your own continually updating "silver stock
page". You will also be able to see, in one place, right at the end of the
list, the news releases for each stock on the list (if the company has their PR
act together).
Here is how to track the price of your Pink Sheets stocks. The PK symbols do
not update volume or price too often, if at all. This is often due to the
laziness of the pink sheet dealers. To get the price and volume of your stock,
look up the Canadian symbol. Then, multiply the Canadian price by the exchange
rate, which today is about .76. That will give your US dollar price. Then, add
about 1-3% for commissions for trading through the pink sheet dealers to get an
idea of what you might pay. But due to the lack of liquidity in these,
sometimes a single moderately-sized order can move the price up 15% if you buy
in a hurry, so be prepared for that. If you put in a low price, sometimes your
limit order will be filled if you are patient, and the price moves back down to
your order, and that might take a few days, or perhaps never if the stock takes
off well above your price.
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All about Canadian law, 43-101.
http://www.bcsc.bc.ca/Publications/mineral_projects_sept03.pdf
-- a 24 page (large type) document, "Standards of Disclosure for Mineral
Projects"
Defines terms, the five categories such as "measured, indicated, inferred
resources" and "proven & probable reserves". The reserves category represents
those minerals determined to be economically feasible as indicated in a
"bankable final feasibility study" right before a production. The reserves
should be estimated to within +-10- 15%. Resources should be measured to within
+- 20-25%..
If a study was done before 43-101 rules were made, then a Company needs to say
the estimate is "historical" & use cautionary language that it's not 43-101
compliant.
The US does not have such guidelines about reserves. The US only allows "proven
& probable reserves".
"Additional mineralized material," or "exploration potential" should be
expressed as a range, and the company should be able to give the basis for the
estimate, such as the dimension, such as approximate area, depth, and grade.
Further, a cautionary statement should be issued, such as, "These may not result
in resources, depending on exploration success."
Since I am not a company, and since I'm in the US, and I have "free speech"
rights, these guidelines do not apply to me, but I will use them to the best of
my ability in this report. When numbers are not 43101 complaint, they are
expressed herein as "exploration potential".
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To learn more about the silver market:
Book recommendations:
"Silver Bulls" by Paul Sarnoff. Details the 1980 rise and fall of silver.
Written in 1980.
"Silver Bonanza" by James Blanchard. 1993. Outlines the case for silver.
"The definitive guide to North American mining stocks" by Doug Casey & Jerry
Pogue available
thru alibris.com & amazon.com. Jerry Pogue is a director of Mines Management.
Doug Casey has
been #1 booster of mining shares since 1978 publication of "Crisis Investing "
and 1982
"Strategic Investing" and 1992 "Crisis Investing for 90's"
The three best sources for commentaries on the silver market that I've found on
the internet
today are David Morgan, Ted Butler, and a report by "Kazvestor". I subscribe
to, and read,
David Morgan's newsletter, and I recommend it.
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Precious metals prices are most often quoted in terms of "troy ounces" (in
London and at the COMEX).
But mining companies often discuss grams/metric tonne, also known as a part per
million, (PPM), because scientists and geologists (who produce the samples) use
the metric system. And international gold figures for annual supply and demand
are often quoted in terms of metric tonnes, because most of the world is on the
metric system. Confusingly, silver figures for annual supply and demand are
often quoted in terms of millions of ounces, and not in terms of metric tonnes
like gold. I don't know why.
So, the most common conversion needed to understand the gold and silver markets
is to convert grams and metic tonnes to troy ounces.
Conversion table:
1 troy ounce = 31.104 g
1 gram = .03215 troy oz.
1000 g = 1 kilo
1000 kilo = 1 metric ton
1 metric ton = 1,000,000 grams
1 metric ton = (troy oz./ 31.104g) x 1,000,000 grams
1 metric ton = 32,150 troy oz.
A metric ton is commonly spelled "tonne".
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For information from the SEC on how to protect yourself from a "pump & dump"
scam, see the
following:
Pump and Dump Schemes
http://www.sec.gov/answers/pumpdump.htm
Pump&Dump.con: Tips for Avoiding Stock Scams on the Internet
http://www.sec.gov/investor/online/pump.htm
Microcap Stock: A Guide for Investors
http://www.sec.gov/investor/pubs/microcapstock.htm
Internet Fraud: How to Avoid Internet Investment Scams
http://www.sec.gov/investor/pubs/cyberfraud.htm
Tips for Checking Out Newsletters
http://www.sec.gov/investor/pubs/cyberfraud/newsletter.htm
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