Smoke
? Fire ? I don't smell anything...!
Nickel
Mountain Stampede
Somethings
just won't pass the “Sniff Test”. Like the fridge after two
weeks of bachelor life, or the bait you forgot to take out of the
boat that last time you loaded it on the trailer, or the hard boiled
eggs I forgot were in my backpack last hunting season. Nope, one
whiff and you KNOW something is there.
In
larger world, somethings never change. This week I caught a whiff of
something reminiscent of Jacuie McNish's “The Big Score”,
Robert Friedland and The Voisey Bay Hustle.
Now I am going to re-read
it to compare The Voisey Bay Hustle to the unfolding saga of
Garibaldi Resources
“Nickle Mountain” in Northern British Columbia.
This, lacking a better
title, I call the Nickle Mountain Stampede. Back in the day of the
Klondike or the Cariboo, stampede was used to describe the move of
men and animals (maybe a few ladies as well) to the newly discovered
fields of wealth of the West first, then the North. People of all
manner and means gravitated to the goldfields to find mintable wealth
on the surface of the earth in a scramble for a good claim. You know
the rest.
In my work as a
Technical Analyst, repeat appearances on my “Scanned Lists” often
leave me impressions of stocks that show up high but never quite make
the final selection.
Throughout the Spring and
early Summer of 2017 Garibaldi Resources was one, and I was a bit
intrigued by it, until it began giving off vibrations that trigger
some “bottom finding” scans, in June of 2017. As I monitored for
seasonal turnpoints, I recommended GGI.V(Garibaldi) as “sleeper”
in June 2017 of unknown potential, as a low priced Junior
explorer/developer under 20 cents, for nothing more than its
technical market action. The rest is history ! ? NOT YET !
Let me spare you the
details. If you want them, just Google any number of the locales
listed in the various press and news releases from the companies
involved. Like a dropped stitch in a sweater, they will unravel and
lead you to Terabytes of info. Bottom line in one word ? METALS.
Base + Precious+etc. Lots of them. Is this going to be a stampede ?
Yes, but but not for
those without a lot of cash (or credit). Why am I bothering with
this?
If you read about the resource
sector, I think you will recognize the names that will show up here
in the endgame. Until then, I don't think they matter. For now what
matters and what has hinted and clued me as to the potential struggle
to control this particular discovery is the pull-back of data, the
deletion of information from public information releases, and the
hints and clues contained in previous releases. Ah yes theory (
conspiracy, no doubt) accompanied by verification (chart on P.1).
Those who know are voting with their dollars. Those of us who
suspect, also voting with our dollars (includes me). Add to that
the people put on the project, and those taken off. Later we will
see who got what. After the deal is made.
For
those of you who remember the Aurelium deal where investors were shut
down then shut out it in rather abrupt fashion, I am trying to recall
the CEO's name, but does not come to mind yet. He went on to CEO a
Brazilian firm but I haven't seen much of him since, but am the
lookout for he or those of his ilk, brought in, if such is to be the
case, to sew up the deal before this stock appreciates out of sight,
to be acquired by another. Sounds crazy doesn't it ? And you and I
know it is sorta crazy but just what happens, especially to those
either too slow, or too deep in disbelief or denial.
What
I KNOW is here is in plain sight, whether its the subject matter
experts brought on board, from the Voisey Bay Era, or the retracted
press releases, or the new de-emphasis on this discovery, it feels
like a fire-hose is being turned on an emerging magma stream, which
cannot be stopped, but is gathering containment efforts until
re-enforcement arrive. Who might they be? Well I don't think Eric
Sprott is who is in the reinforcements, but might he be the camel's
nose under the tent? I have not made up my mind, but I know he is
early at getting a fistful of stock of the two major players here,
Garibaldi (GGI.V) and Metallis (MTS.V).
l
This
need not be THEIR dirty little secret, trying to stealthily acquire
the company on the cheap before the public gets wind of the
developments. I figure sunshine is good for everyone. Execute your
own Due Diligence Investigation, rather than taking my word for it.
For
me these stocks remain on my radar. For any more info you can follow
me on twitter, as
