Sunward
Resources: I added to my position of this hapless Colombia
wanna-be gold and copper miner.
I realized that years of punk
management at the Colombia gold-copper mine developer have eroded about as much
of the company’s market cap as is possible in a down-cycle for commodities (and
for Colombia). That is the thinking here.
Sunward Resources (TSXV: SWD)
represents pretty much a low-grade site of gold and copper — one with vast
resources. Sunward’s 100 percent-owned project puts it in a class with the top
4 percent of un-mined gold (with copper) deposits in the world. (See below.)
Lot of good that does.
As our TCR audience
might recall, I followed Sunward even before it went public about five years
ago. I have been to Sunward’s Titiribi project three times, and I have taken
visitors there.
The first time I went, I was with
founder Georges Julliand, an
engineer whose family has Peru and European connections. This is a light jog
from the city of Medellin, an easy 90 minute drive.
Sunward has $16 million cash,
equivalent to about 80 percent of the 20-cent CAD stock price. It must convince
Colombians that picturesque Titiribi can emerge once again as
a mining location, albeit in Sunward’s case, hidden in the hills and mountains
of the mid-Cauca Andes.
The project really has two faces
— the side of the mountain that you can see from the rustic town and facing
the sun if I recall correctly; and the side behind the mountain, cattle grazing
and critters sipping from streams. It’s pretty.
The facility is pretty, too. Top
notch –all built with shareholder cash the past three or four years.
Sunward is still making corporate
presentations — see: http://www.precioussummit.com/event/2014-summit-colorado/?section=companies.
I don’t know anymore who is in charge; I don’t really care. I’ll
probably make it a point to drop in and listen this September, regardless of
who is relating the woeful tale.
Sunward’s shares (SNWRF in
USA) were among the last to fold their hand at the investing table when metals
equities swooned for three years from 2011 through this year. This is probably
because, as its execs including Phil O’Neill used to rag onto me, perhaps 8
mutual and hedge funds held more than two-thirds of the shares.?
Right. Now, that number might be down to 4 or
5 funds.
?Sunward cut its employees? to the bone in
Vancouver and in Colombia, where Titiribi is a historic mining town close to
Zancudo, another old mine (with plant and stockpile) that I believe Gran
Colombia Gold owns.
Just a speculation here with Sunward. The
cash is there. The low-grade ounces are there. Alas, this is Colombia, which
breaks my heart these days. The entire nation’s administrators and mining
regulators belong in grade school. A kid can run a database and spreadsheets
better than these bobos can.
Still, if the gold rally this northern
hemisphere summer advances, Sunward’s shares will double in a month or less. I
believe, as researcher Danny Deadlock of Alberta pointed out to me the other
week, that the stock market is pricing all of Sunward’s ounces at less than $1
per unit.
This sad metric makes SWD among the 4 percent
of metals equities that top the Hopeless Heap in the minds of resource
investors.?
?Charted: I like this stock chart a lot, and
what do I know about charts? Little. What do I know about Sysorex
Global Holdings‘ growth strategy? A fair bit. I have been purchasing SYRX
every week, more or less, this northern hemisphere summer.
The SYRX sales report in August sometime will
tell more and, one hopes, will show AirPatrol revenue
added to the pile of the California technology service company’s amalgamation.
That includes Maryland’s AirPatrol, and you would not know that easily looking
at AP’s offerings. That’s why Sysorex is a
holding-co: bringing together elements of systems integrators last seen when
the original Sysorex did this in the 1990s.
Now the parts are different: AirPatrol,
Shoom, Lilien Systems, Sysorex. The concept is probably the same. Sales of
proprietary services offer more pricing flexibility when you own them instead
of pitching equipment and software from IBM, Hewlett-Packard or Dell. The
Sysorex Twitter feed is one of the better ones out there in English for getting
up to speed on evolving trends in big data, mobile computing, cyber security,
government services, cloud computing and so on. See the feed, and see that chart.
— This out earlier to TCR Blipsters.?
Mostly, I
find Seeking Alpha to be Beta-Dog, second rate, punk and for its
authors, self serving at best and primitive.
Th?e? piece, listed here, seems neither. The first
half of the article is educational — plain language primer on technical terms
and Nevada geology. I could do without the lofty valuation
comparisons for NulLegacy Gold in the second half.
Anyway, the piece below is about two of our TCR
6: ??
Gold Standard Ventures &
NuLegacy Gold.
I do not know author Zachary Mannes. ?His ?article was
published on Friday, July 25, 2014?.
??TCR take?
As the current metals rally continues, now or we hope, in the autumn, Nevada
prospectors will notch Alpha-Dog gains, right up there with Mexico silver
producers.
NuLegacy is NUG in Canada. Gold Standard is
GSV in USA and Canada. Those two + Nevada-Turkey operator Pilot Gold = 1/2 of
our TCR 6.?
?Finally, ?for ?those of us who ?want their metals
equities ?looking
?like ?some mythical
dog with so many heads, try this: ?my personal Ruffled Resources basket
of miner and prospector stocks.
?It’s economical to purchase?, ithas 18
securities in it?,
including coal, uranium, platinum and Mexico silver [Endeavour Silver]
… and I designed it.?
You can purchase this for a commission, or
brokerage fee, of $9.95 USD. The basket is rising, like the sun in the morning.
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