From A Beach Somewhere

 Well, another tick. On October 6 I suggested that Resolution Minerals (ASX: RML) would be good for a 30-day turnaround. At the time they were 4.3 cents. While they are currently sitting at 8.9 cents (yes, more than 100% increase in3 weeks), they almost got as high as 12 cents. Now that they can add gold to their results, the share price will jump again, as long as the assay results hold up. The results are due any time now, although there is a significant backlog at the labs, and this backlog plays to investor advantage. It gives an eyeblink of space to get in... right now. Again, I will check back in 2 weeks, but these guys look really good.

 On October 6, while looking at RML I also looked at Red Mountain Mining (ASX: RMX) and I told a couple of colleagues that they were a good look. And that remains the case. In fact, in the wake of the Trump/Albanese talks, RMX has, in my opinion, improved significantly in opportunities for investors.  Like RML, they are next door to a planned processing facility in USA plus they have gold and antimony in Australia. And given movements with nearby companies, right now seems to be the right time to look at getting in to RMX. The share price (currently 3.4 cents) hasn't moved since I first looked at them, but it did jump significantly in late September. And I expect it to do that again very soon. I would imagine that management are very busy meeting with the right politicians and racing to get holes drilled and samples tested. If their results in Australia turn out well, I would even think a takeover is on the cards, and they are always a bit of fun. I will keep a close eye on th...

I last looked at RDN back in Sept and wondered about how their results would go. I said it was tricky and that it was hard to predict. Well, the results provided a good uptick and (very briefly) doubled the share price. It has now settled at around 0.55 cents, more than 30% above where it was. So that's a very nice return indeed. However, I am not convinced that their grades are good enough given the time and capital expense it takes to bring a mine into operation. So I will stop looking at these guys, I suspect they will burn their shareholders again. And with more than 3 billion shares on offer, cash raising might be difficult.

 When I last looked at Resources and Energy Group (ASX: REZ) I suggested that it wasn't far away for them to pour more gold and for the share price to jump. And it did. It went up 50% just a couple of weeks later. It does look like that resulted in some profit taking and the share price has now slipped back. I think it has a little further to drop before it becomes a good buy. I'd be aiming at 1.5 cents before I got in. Their explorations of new ground don't indicate much and will take some time to bear fruit, but if they can keep the other activities going, all will be good for another 50-100% gain. Just my thoughts

So I sent an email to James at Dart Mining (ASX: DTM) asking about reopening the mine. To date I have had no response. And this highlights the issues with many micro caps: a lack of communication. And it is this lack that really hurts their share price Can you be certain about where a company is (or is going) if they don't communicate? Why would you invest there, except on a complete punt? If James does reply, I will update this blog.

Dateline Resources (ASX: DTR, OTCQB: DTREF) continues to go lower in share price. The term some like to use is: the bears are in control.  Was it overvalued when it hit 67 cents? Given the current knowledge, yes, it was overvalued. However, once the expectations (actually, reasonable expectations) are proven up, then no, it wasn't overvalued, in fact it was well undervalued. Is it undervalued now? In my opinion, yes it is. It represents, right now, an excellent buying opportunity. And here's why: The US Administration will go back to work once this political mess is sorted out; The assay labs will continue to work through the backlog and our samples will reach the top of the pile; There will be a funding deal for DTR from the US Government; The amount of gold DTR has will increase substantially (to multiples of where it is now); The grade will be good; DTR will almost certainly continue drilling to test and explore while they are planning and building their mine site buildings ...

 What's happening with Dateline Resources (ASX: DTR, OTCQB: DTREF)? This is my opinion, and not financial advice. The traders re in control because news is slow in coming. And the traders are making plenty of money shorting the stock and then forcing the price down. And today will be another example of that. The share price will open lower and weaker, and that will hit stop losses on many accounts, and that will further weaken the share price. And for some, the panic will set in. They will dump their shares. So let's look at why. DTR is doing everything brilliantly. They are moving fast, faster than most miners move when bringing a resource online. But there are things outside their control. And that's what's hurting them and confidence in them. The USA Administration is in shutdown, which means very little is getting done on Capitol Hill in the USA. This isn't hurting just DTR, but the lack of substantial news out of the company adds to the problem. Other miners ar...

While researching another company I saw that Resolution Minerals (ASX: RML) was their neighbour and so I had a look. The first thing to note is that everyone is scrambling to mention the US Government's commitment to fund critical minerals, but until the ink is dry on the paper, nothing is allocated. At 4.3 cents, these guys look great for a 30-day turnround. Assay results are due soon, and that should provide a good jump, and a nice exit point.  Longer term, their neighbour, Perpetua Resources, is a $3 billion (US) NASDAQ-listed company and if RML has anything like what PPTA has then it could deliver staggering shareholder returns. And with Perpetua building infrastructure, this could be another DTR. And DTR is a serious WOW! I will check back in 6 weeks

Dart Mining (ASX: DTM) has had a recent jump in share price that must give shareholders some relief. These guys should be brilliant, but they haven't been. At 1/2 a cent there is room to play here, although I do wonder if there might be a slight pullback in the next 48 hours. Yes, they are drilling and this means that assay results are due soon. And if they are good (it is always expected that they will be good, but be careful of expectations) then the share price will jump substantially. If I were a shareholder, I would be asking the CEO about their Molybdenum project and when they are going to blow the dust off that one again. The price of that metal has jumped 5x, probably due to China's action. Yes, I have been a shareholder of DTR before and I have had many conversations with the CEO. The Molybdenum project was mothballed when the price of M plummeted. Is Dart ready to reopen the mine? Only James knows the answer to that.

When I last looked at Hammer Metals (ASX: HMX) I wasn't impressed and said they would drop further. They did, and then they rebounded very well to sit just over 4 cents as I write this.  It looks like the tide has turned for HMX and they may just continue to climb. Management seems to be doing a very nice job, results are looking better, and they are cashed up (which is good because this can get expensive from here on in). Yep, I can see this one continuing to increase and deliver a nice Christmas present to shareholders.

It's time to look at Stavely (ASX: SVY) again. I first looked at these guys in June when they were 1 cent and I reckoned they had a jump coming. On 30 August they hit 1.5 cents (that's a 50% increase in 7 weeks!) and I said they still had further to go. Today they are at 2.3 cents.  Now let's look forward (and today looks like a shitty day on the ASX all around). They have identified good targets with really really good gold results so far. There is a drill rig due on site. Watch for this stock to explode into November and December.

Here's what I said on the 6th of September: When I last looked at Envoa (ASX: ENV) the share price was 0.6 cents and it is back there again. They are still checking rock chip samples in Brazil, but this should be an easy 15% gain by the end of September, maybe even a little more. And today they are at 0.9 cents, that's a 50% increase in a month. Oh yeah, baby. This is one of those that I alluded to in my earlier post. They are active in looking for rare earths in Brazil, but what happens next? Where do they get it processed? Will the share price go up further? I expect it will. With a General Meeting called for 17 October, and some items to be voted on, I would imagine that there will be good news to flow before then. So yeah, another 25% in the next 12 days is not out of the question. I will check back in November to see how I went.

I had it in my diary to look at Nex Metals (ASX: NME) but the only note I made was that on 22 April they were at 2.9 cents. Since then they dropped to under 2 cents and have rebounded to 2.5 cents.  Well, I don't think these guys are going backwards any time soon now. There are assay results due and there have been some encouraging finds. A 20% jump will take this to 3 cents and they were last there in May, and higher before that. Could you double your money there? Yes, you could. Could it happen before Christmas? Yes, it could. I am still all in on DTR, but will check back in mid-December to see how I went. 

It is vital (yes, VITAL) to do plenty of research and to ask lots of stupid questions, and then to think about those answers. For instance, Magnum Mining and Exploration (ASX: MGU) is about to start auger drilling for rare earths in Brazil. A couple of points to note: 1. Brazil is a hotbed for REE activity and these guys are looking for ionic clay-based REEs, not hard rock, hence the auger. 2. The auger is basically a one- or two-person post hole borer. It can go down what? 2 metres. So these guys are fairly confident about what they are doing. But IT AIN'T A LOT. Yep, if you look at Brazil there is a whole lot of exploration in the REE sphere. But step back a little and ask questions. And the first question that comes to mind is: what are they going to do with the rare earths when they find it? Where will they get it processed. Let's see. There's Australia's Lynas with a processing facility in Malaysia and another being built in Australia. There's a facility in Ind...

I don't know why, but Meteoric Resources (ASX: MEI) is in my diary. Yes, lots going on in Brazil. But I think there are better opportunities elsewhere. It's out of the diary now.

I had it in my diary to look at Aspire Mining (ASX: AKM) about now. These guys look to have a solid coal mine in Mongolia and things are progressing. At 25 cents a share, I expect this to drop to 20-22 cents in the near term. Then things will pick up and the share price should steadily climb as news breaks. Be aware that funds are tight and they will need to raise cash soon, this could give an opportunity to existing investors, depending on which way they run with the cash-raising. Also be really aware of the geopolitical situations. Take not of how China deals with the world and make some shrewd assessments. Don't believe what you see at first glance, dig deeper. I will check back in February to see how they are going and how my predictions went (28 cents by then?)

As I said on September 6, someone is about to light the fuse on Emperor Energy (ASX: EMP), and that's exactly what happened.  Already up to 8.4 cents (from 3.9 cents on 06/09) and still plenty to go. This is, as I have said before, a winner, a no-brainer. I would be here if I didn't have my small asset pool tied up in DTR. This will unfold beautifully into December. I will check back then.

What can I say about Dateline Resources (ASX: DTR; OTCQB: DTREF; FSE: YE1) that I haven't already said? Wow! There's a start. Gold price is soaring and these guys are flying. There is a ton of news still to come over the next 3 months and these guys are jumping more than 20% a week at the moment. Assays are due. More samples will be sent to the assay labs. Another drill rig will set up. Even more assays will be sent to the lab. Meetings will be held at the White House. OMG, they are busy. As I said before: Why would you be anywhere else?

I last looked at New Age Explorations back in July and they were 0.35 cents a share. I suggested that the weather meant not much would happen (it's very cold in Otago) and not much did indeed happen. Now that the weather is warming up I expect a greater emphasis on drilling and getting some real idea of what they have. At 0.3 cents, and with gold soaring in price, this could be a good play for a 00% gain this year; and that's without looking at their Pilbara operations. Bear in mind that explorers are money-eating machines. These guys are at a very early stage. There will need to be significant funds raised as things progress. And with almost 3 billion shares on issue, there will be further dilution. For long term holders there will almost certainly be the opportunity to buy in with an options incentive attached.  Would I go long here? Not without extensive research. However, it is a good time to get in right now. And any future research would involve talking to the CEO after r...

On 26 April I said Arafura Rare Earths was worth watching for their rare earths. At that time they were at 19.5 cents. Since then they have dropped as low as 17.5 cents but have since rebounded to 21.5 cents. Wit a Share Purchase Plan about to finish and credit news due to flow in (I expect it to be positive), ARU could be good for a quick 20-25% jump as they approach their Final Investment Decision. I will check back at the beginning of November to see how it went.