Surfing Yesterday and started reading about this 13 cent stock. So...
posted on
Oct 03, 2011 10:15AM
We may not make much money, but we sure have a lot of fun!
So I collected items as posted below mainly from SH.
Money is tight and the Markets are lousey I know abd we don't need silly stocks I know.
But, this could be worth a look at and comments could be entertaing.
Check Insider activity re SFX (for last month or so)...
The President of Beijing Donia has joined the SFX Board of Directors. Another great sign for the future of this company. Two of the 6 directors are now from BD, plus we have the CEO of CAN.
Still having a major accumulation by someone through Questrade. They've been soaking up the vast majority of the available shares the entire month.
Doesn't seem to be a penny flipper. Let's hope they know what they are doing and make a fortune here.
Todays volume was 700,000 shares and Questrade took all but 12,000 of it. Either someone knows that drilling is going well for SFX or they are speculating on the results? Paid close to a hundred thousand dollars so I am thinking something good is coming our way.
Small town Nova Scotia, everybody knows everybody, and a local drilling company working the job has me convinced things are going well and this buyer knows it.
Good technical action on this stock lately too. Held up fairly well and based in a bad market, now possibly breaking out on strong buying.
Good to see the company becoming more active and keeping us up to date on what is happening. Personally I would rather see drill news about Chile, Africa, or Ontario but maybe the recent IP found something really interesting in Nova Scotia that they want to test right away.Other thing I notice in these pr's is that Donia is becoming more involved in everything SFX does. They always seem to have a geologist or three involved and are helping with exploration and acquisitions. That's a big positive. Hopefully the handout of options mentioned signals that the company is about to break out on good news.Hopefully when SFX is ready to release good results the overall markets are in a better state than they are right now. What a brutal day today was.
Silvore Fox to Start Drilling Program at Coxheath.
>TSX VENTURE: SFX) is pleased to announce the start of the first phase of a planned diamond drill program at its 100% owned Coxheath claims.
Silvore Fox has developed a new working theory about the Coxheath property after an extensive review and reinterpretation of all available data, including previous drilling, airborne survey, trenching, re-mapping of mineralized zones and the recently completed ground geophysical program. This new working theory has provided the Corporation with drill targets to identify the potential for a buried porphyry system. The proposed drilling targets are in an entirely new area, which has never been drilled before. The Corporation is moving ahead quickly to validate this concept by drilling.
Logan Drilling Ltd. has been contracted to drill a minimum 2,000 metres (NQ wireline) of diamond drill core. The drill program is planned to begin immediately and the drill rig has been mobilized.
Management Comments
"The results from our recent ground IP work have been very encouraging and support the working theory proposed by the geological team of Beijing Donia. This drill program will provide us with the hard evidence we need to make the best decisions possible on the next phase of the work plan."
Ian Chisholm, PEng, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.
SFX Announces Grant of Options
The Corporation also announces that it has granted to the directors, employees, and consultants of the Corporation options to acquire an aggregate total of 4,300,000 Common Shares of the Corporation at an exercise price of 12.5 cents per Common Share, which options will expire September 20, 2016.
About Silvore Fox Minerals Corp.
Silvore Fox Minerals Corp. is a Toronto, Ontario; Canada based public mineral exploration company.
We are focused on high tonne potential base and precious metal exploration projects within a diversified portfolio of properties that attempts to minimize political risk without limiting potential returns for our shareholders.
On November 17th, 2010, Silvore Fox entered into a Strategic Agreement with Beijing Donia Resources Co. Ltd ("Donia") at the China International Mining Conference, 2010. Donia is the single largest shareholder of Silvore Fox currently holding approximately 30% of the Corporation's outstanding shares. This strategic partnership provides the Corporation with a strong platform for growth through mineral exploration expertise, funding and strategic acquisitions. SFX has an experienced management and geological team.
Harry CabritaPresident and CEO
Dr. Jingbin WangChairman
This is a big announcement. I am surprised the market is not responding more positively. This is a property coming directly from Sinotech/Donia. And its in elephant country. That is about as good as it gets. Exactly what happened with Canaco and Tigray I believe.I think the delays with Madagascar have made the market more cautious with jumping on this acquisition but long term I really think this news is huge for SFX. This is a deal between partners that is obviously planned to be quite positive for SFX shares. I am going to add to my position here between 11 and 13 if it stays at these levels. Very happy with this new development.
SFX Signs LOI to Acquire Two Gold/Copper Properties in Chile
Silvore Fox Minerals Corp. (the "Corporation" or "Silvore Fox")(>payments of the Acquisition Price to Sinotech this would result in a 10% loss of ownership for each one million dollars not paid, to a maximum of a 30% loss of ownership.
This transaction will be subject to entering into a Formal Agreement, meeting all regulatory requirements and approvals, including but not limited to, the TSX Venture Exchange, and the approval of the board of directors Silvore Fox.
The LOI provides Silvore Fox with a 90 day due diligence period, during which significant geological due diligence, including drilling, will be performed. Silvore Fox and Sinotech expect to sign the Formal Agreement on or before December 14, 2011.
Mr. Ian Chisholm, PEng, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.
Today, Silvore Fox updated shareholders on the status of its three projects: Coxheath, Nova Scotia (Copper), Winston Lake (Copper-Zinc) & Madagascar (copper).......
To view IR's commentary, please >>click here.....
So it because DONIA wants to buy the whole company?
thank you
I did not completely understand your question. If you look at Canaco Resources I think you will see the path that Donia wants to take with Silvore Fox. I don't think they want to own 100% of the company at all. A quick look at the Q2 MD&A on the company website (newly updated website by the way - big improvement) shows they own only 30% of SFX.IMO Canaco is proving up its resource in Africa to eventually sell it to a major. They spun of the new property into Tigray and hopefully do the same there. Repeat that over and over. We should hope for the same with SFX.Donia's involvement is a big plus for SFX. I am disappointed by the lack of progress in Madagascar so far. Expected them to move ahead much quicker on that play. But if all the paperwork is not in order then they have no choice but to hold off before committing real dollars to the project. They can't just rush in and hope for the best.Glad to see Winston Lake getting some attention. They own lots of land there in a proven high grade area. Nice and safe in Ontario. Would love to see a big discovery there.I'm surprised they are still doing so much work in Nova Scotia on Coxheath. They must really believe in that play. It would be ironic if that is the property that makes the company successful after all the recent changes they have gone through, but I will take good news wherever I can find it.Last 2 press releases sound like we will have some drills turning soon. Best of Luck to all shareholders.
Today Silvore Fox announced that it has signed an exploration & option agreement with Orebot Inc. to secure the Winston Lake Property. Originally the Letter of Intent for this property was announced on February 8, 2011. The deal is for 100% interest with no net smelter royalty..............
To read the full IR commentary, please click on the link below..........
>13 Instinet
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15,200
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124 Questrade
1 Anonymous
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10:23:43
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15,000
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1 Anonymous
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10:21:07
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35,000
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09:46:48
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15,000
7 TD Sec
1 Anonymous
KL
May 30/11,
As at December 31, 2010, the following stock options are outstanding and exercisable:
Expiry Date # of Options Granted # of Options Exercisable Exercise Price Grant Date
March 23, 2011 230,000 230,000 $ 0.10 March 24, 2006 (Note 12b))
June 12, 2011 500,000 500,000 0.25 June 5, 2008
Options on-deck:
June 12, 2011 900,000 900,000 0.10 January 21, 2010 (Note 12b))
June 29, 2011 600,000 600,000 0.10 February 10, 2010
August 19, 2011 300,000 300,000 0.25 June 5, 2008
August 19, 2011 300,000 300,000 0.10 January 21, 2010
May 31, 2013 750,000 375,000 0.13 May 1, 2010
June 4, 2013 1,050,000 1,050,000 0.25 June 5, 2008
January 20, 2015 1,800,000 1,800,000 0.10 January 21, 2010
February 9, 2015 2,000,000 2,000,000 0.10 February 10, 2010
June 8, 2015 300,000 300,000 0.10 June 9, 2010
November 30, 2015 100,000 100,000 0.11 December 1, 2010
8,830,000 8,455,000
April 26/11
right now.
Market looked ready to roll over but once again found a way to bounce back strong. SFX had its inevitable pullback after such a strong run and seems to have found a very nice base of support here, well above the breakout price. Needs news to move it forward again. May try to contact the company and see if I can't find out what is in the pipeline.
Tempted to buy more here as I expect news over the next few months from Madigascar and Ontario properties, and maybe even some news on the Nova Scotia property. Could see a little move once drills start turning as people speculate on results. Last move shows that if good news is coming the stock may run well ahead of it and not give you a chance to wait.
Good luck to everyone.