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The Calandra Report: True Gold (V.TGM) Turkish salt, Sysorex (SYRX) starbound, New Gold (T.NGD) gain

Thom Calandra
1 Comment|June 15, 2014

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Pilot Gold @ TV Tower


Drill hole: 0.99 g/t Au and 0.39% Cu across 153 meters

"Another discovery, completely recasts the district with this new discovery -- a porphyry district on the map." That from Pilot Gold's Patrick Reid.


I have to give credit where due -- Patrick Reid runs marketing and biz-dev for Pilot Gold and for Burkina Faso heap-leach developer True Gold (TSX:V.TGM, Stock Forum). Mr. Reid, from Vancouver, Canada, always sketches in color on these press releases.


This time, he notes: "Full geo work-up of mapping, geochem, geophysics, then drilling. Lead geologist, Moira (Smith), is pretty excited on the discovery, especially given the grades and the fact it's from surface. Coupled with with the other porphyry discovery we announced earlier in the spring and with Halilaga, we have the key components of the only porphyry district in Turkey.”


TCR take: I take that with a grain of Turkish salt -- whenever anyone, not just a promoter, uses the word "only." I know because it is one of the pings that writers, journalists, speakers, promoters, politicians and salepeople use to claim the top of their respective pyramids.


The big question will be Teck's (TSX:TCK.A, Stock Forum) interest as we drill it out. " That is Patrick Reid once again. And of course, we might not hear from Teck on this for another two years, but any promoter worth their Turkish salt has to throw that in.


Teck is the partner on this TV Tower, which I have seen. Pilot also is active in Nevada. I own a chunk of it.


By the way, the company in this release assumes 100 percent recoveries for its estimates. Pilot Gold (TSX:PLG, Stock Forum)(PLG in Canada) is one of the TCR 7. It is one of our best performing TCR featured equities, along with Colombia miner and prospector Atico Mining (TSX:V.ATY, Stock Forum), with third place and fourth place in a dead heat going to Angkor Gold (TSX:V.ANK, Stock Forum) and NuLegacy Gold (TSX:V.NUG, Stock Forum). [We expect corporate updates on bankable feasibility studies and other matters any day now from Colt Resources (TSX:V.GTP, Stock Forum), another of the TCR 7.]


For a drill map:


New Gold (TSX:NGD, Stock Forum): Well, it popped -- the shares. NGD (ticker in Canada and USA) is leading the mid-cap junior resource stocks this week, thanks to what looks like a technical spurt on the stock chart today | Wednesday. David Banister at Active Trading Partners gets the credit on that one. See: Our Monday TCR note. David is out of New England in the USA and is very good when stocks are rising.


Cabo Verde Capital: The wanna-be casino and resort developer in the western Africa archipelago will start trading under the ticker symbol CAPV, I hear. That's OTC in USA. Right now, the holding shell is WTARD.


I still don't know what to think about the proposition, but I have seen the properties. They are real. Pretty. Contacts with government there on the island nation look solid. TCR take: Questions abound regarding future financings, just how much stock the new entity will have trading and how fast CAPV can become a fully reporting issue in the USA. Among other things.


SYSOREX GLOBAL (OTO:SYRX, Stock Forum): Nearly always, we avoid relaying when a company's principals are on the road, spreading the word to potential investors. This time, having seen Nadir Ali and his team at the front of the room (in LA last week and elsewhere these past 8 months), I have to make an exception.


Sysorex (SYRX in USA full NASDAQ) is headed to the eastern seaboard of the USA.


The shares are headed to the stars. Unless I am missing something -- in short order.

Mr. Ali is the son-in-law of the original Mr. Sysorex, who combined disparate computer systems integrators and resellers into an entity that was sold for mega-bucks in the 1990s. Sysorex Global's potential investors likely will hear the Silicon Valley-based Mr. Ali say that the new Sysorex could approach $90 million in sales for 2014. That would put the company on track for a 3-x to 5-x sales multiple, according to various publicly traded comparables. (TCR take: Or approximately $15 a share).


The new-co will get there largely with a financing for $15 million or so under its belt. The team that will take the company into uncharted territories includes leaders in computer reselling and integration -- Lilien Systems; big data, mobile and cloud computing, cyber security -- Air Patrol and Shoom; and government services -- Sysorex itself.


This SYRX, as reported, almost surely will become our eighth TCR featured investment. Target for the still-rising shares is $12 in the next two months. It's $5.30 now. I am now a regular buyer at these level.


NUGT 07/03/2014 41.00 C: Of course I'm a whack-job. Who else would be buying these contracts? The NUGT (NYSE:NUGT, Stock Forum) call options are way out of the money and expire in three weeks. My ownership extends to the NUGT equities and to the junior-powered JNUGs, too. None of us can nail the timing of a gold (and silver and platinum and copper) currency-epiphany. But when it happens, I will be wearing my equity, and hard assets, around my neck.


As with CEF (Central Fund of Canada), I sell some NUGT or JNUG, occasionally to raise money for something else. Today, that might be to purchase more SYRX. Or AMSE. Or NOU -- graphite in Quebec that is a special situation [Nouveau Monde (TSX:V.NOU, Stock Forum) preparing possible sale to nearby Timcal mine].


The triple-action ETF accelerators for gold stocks -- NUGT and JNUG -- are made for trading, they say. I mostly own them, and have for 15 months now.




Finally, this just in from Brazil: It is muy humid.


Colombia, we know, is missing its star striker, one of the best in the soccer-football world. Still, Colombia's soccer team is one of the finest in the world; the team finished behind only Argentina in the South America qualifying matches for FIFA World Cup, which starts this week. The Portuguese-speaking world wants a Portugal-Brazil final. I'd like to see Colombia get at least to the knockout phase. Eso Colombia.


This from NuLegacy Gold CEO James Anderson, who is working with his team in Nevada on drill holes that could catapult NUG (in Canada) into the World Cup of junior-prospector stock performers this month or next: "Alas, Colombia are in a difficult group," Mr. Anderson, a member of the TCR family, says.


"The Japanese team are Asian champions, and are more passing proficient then everyone else in the group. The Greeks somehow always play better than one would suppose at the world cup. With them, it's always one plus one makes three. It's uncanny, they don't even seem to argue with each other much once the World Cup starts. And then there is Ivory Coast. Yaya Toure might just be the best player in the world. He is certainly the best African player. He is a force to be reckoned with.”


Mr. Anderson is mostly correct, except he knows practically nothing about Colombia's soccer team.







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INV on TSX $18 Million Cash. $30 Million Gold property Bought from IAMGOLD Multi Million Ounce 6 Grams Per Ton.Market Cap $14 Million..Real Steal.
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June 14, 2014
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