OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

The future’s so bright I need shades…

You made it. Welcome to the Oasis!

LOL! 🙂

WINNIPEG, MANITOBA and TORONTO, ONTARIO–(Marketwired – July 21, 2014) –

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES.

San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) (“San Gold”) and Kerr Mines Inc. (“Kerr Mines”) (TSX:KER) are pleased to announce that they have entered into a non-binding letter of intent (the “Letter of Intent”) pursuant to which San Gold and Kerr Mines have agreed to merge their respective businesses pursuant to a plan of arrangement (the “Transaction”).

“This combination reflects our new strategy of operating multiple, efficient high grade gold mines that are located in mining friendly jurisdictions. Our operating principles of strict grade control, better cost control, lower overheads and operating the mines at the optimum mining rate to properly match the geometry of the orebodies are paying off at Rice Lake and will be applied to other projects, most notably at the Copperstone gold mine in Arizona. The high grade Copperstone mine will be similar in size to the Rice Lake mine and with the ability to restart quickly with low capital requirements under our combined management team. As well, our large portfolio of advanced gold deposits and projects in the Timmins and Kirkland Lake regions is increased immensely with our ownership in SGX Resources in combination with the current Kerr assets,” said Gestur Kristjansson, San Gold’s President and Vice President Finance.

“It’s important to emphasize the extent to which San Gold has reshaped itself over the past four months. This merger provides an important step toward ensuring the full potential of that effort is realized. With more than one producing mine, San Gold is better positioned to get optimum utilization of the knowledge and skills of the operating team and better diversified use of equipment and infrastructure, resulting in greater efficiencies and lower overall costs,” Mr. Kristjansson, added.

“San Gold has made tremendous strides in its turnaround over the past three months. Greg Gibson and the Kerr team have made important contributions to that turnaround. The next step to creating a mid-tier producer will be applying the same principles to the Copperstone property,” said Stephen McIntyre, Chairman of Kerr Mines.

Under the terms of the Letter of Intent, each Kerr Mines shareholder will be entitled to receive a number of common shares (each, a “San Gold Share”) of San Gold for every common share of Kerr Mines (each, a “Kerr Mines Share”) held by such Kerr Mines shareholder based on an exchange ratio (the “Exchange Ratio”) to be determined by the parties at a later date. Jennings Capital Inc. has been engaged by Kerr Mines and Primary Capital Inc. by San Gold to provide an opinion to the respective Board of Directors of Kerr Mines and San Gold to consider whether the consideration to be received by shareholders under the Transaction, when determined, is fair, from a financial point of view, to the shareholders of each of Kerr Mines and San Gold.

Currently, San Gold has approximately 373 million San Gold Shares outstanding and Kerr Mines has approximately 1.3 billion Kerr Mines Shares outstanding.

cont. at http://www.marketwired.com/press-release/san-gold-corp-and-kerr-mines-inc-enter-into-letter-of-intent-to-merge-businesses-tsx-sgr-1931238.htm

Comstock Mining Announces Second Quarter 2014 Results

http://finance.yahoo.com/news/comstock-mining-announces-second-quarter-120100821.html

Pilot Gold Reports 1.59 g/t Gold and 0.48% Copper Over 130.9 Metres From Surface at Valley Porphyry Discovery

http://finance.yahoo.com/news/pilot-gold-reports-1-59-103000213.html

Well, then… let’s go cliff-climbing!

Gold Train cliff-climbing on the way to Silverton
in the San Juan Mountains of Colorado.
http://www.railpictures.net/viewphoto.php?id=490663

is amazing…the shorts haven’t a chance to cover if they ever tried. They will have to default.

http://www.zerohedge.com/news/2014-07-22/gold-dumped-pre-cpi-and-pumped-post-cpi

It also shows there is only one real seller out there…the Scum.

Now they’ve stuffed us yet again. Looks like the battle is all about $1310 and $21.

An endless supply of fiat and paper contracts goes a long way.

As I ws typing my last post someone did some massive short covering in G & S and they’ve gone positive!

Ya gotta be kidding!

R640 – yep. DOW to 30K! Unbelievable.

Wanka – I can’t hold a candle to MadMike, besides I really don’t want to make him Mad! Just trying to draw the Farm critter out for some banter. 🙂

“why should I worry, when there’s an army of professionals out there doing it for me”

So just follow Dons advice and put all your money in some stock etfs..and kick back and relax…

Fa-la-la…summer is come…listen to the chirping of the birds as they flit about the arboreal dell…

Have the world’s financial woes been taken care of overnight?

SM’s in Europe are up, SM futures are up and drumroll ….G & S are of course…you know the rest. The beat goes on and on and on.

Better make the Oasis some Farmboy coffee.

Love the wall art & potted plants, sweet digs! Thanks larryc for cleaning the carpets! Blessings to the facilitators of our improved site & best to all members!
-aushux @ State of Jefferson

I dont know why TRX calls themselves a Royalty Co,?

but these are the Good ones,FNV,RGLD,SAND,SLW,GRO.V(small)

They typically dont have labor ,energy,problems and are geographically diverse .

Usually very few employees 5-15 and loads of cash !

I haven’t followed Tan Range in a while. At least they’re going into production. To say that it takes a long time to develop a mine…

I guess they’ve changed their name or else … TRX New York exchange and everything.

yes the jrs have found a profitable way to carry home the water to their benefiet ..

several years ago i exited all gold stocks ..all stocks hit the sell range on an atomatic sell .. i just kept raising that sell order .. and did okay

i think tan range soon could bring forth a double .even a triple . i will probably grab a few shares soon

i read that some disparage sinclair my opinion he is one of the good ones

and has developed some mines and real gold prospects  that will pay well in a couple months as he goes into production,,

What ticks me off is when the officers of some barely surviving junior are being paid exorbitant salaries. Sometimes more is going to the management than to exploration.

A small company was written about recently that had been in business for something like 30 or 40 years without mining a single ounce. The company officers were doing just fine but all the stock holders were getting screwed. I forget how many times they’d done reverse splits. Amazing!

Slacker! 🙂

RICK RULE COMMENTED ON JUNIOR MINERS AS EMPTY HOLES CHOCK FULL OF LIABILITIES… AS INVESTMENTS, THEY ARE NOWHERE AS PROMISING AS GOLD & SILVER BARS & COINS. $$$

Rick Rule, as clever wordsmith, enjoys harping negatively on the mining stocks as a losing venture. He points out that if all of the Junior Miners together were pooled into Junior Explorer Co as one giant single firm, the company would lose $2 to 8 billion a year. He concludes that miners and explorers are best at finding money in investor pockets and mining it to pay salaries. He said, “Most of the walking dead Juniors, the zombies, are a bunch of liabilities disguised as public companies. Their assets are liabilities; their financials are liabilities; mostly their managements are liabilities.” Their executive compensation packages are also liablilities. Their deposits when in high risk jurisdictions are liabilities. Their entire properties become liabilities when the output is over-committed to the big banks and gold exchange marts. Rule once told the Jackass back in 2007 that the newsletter business has an element of entertainment to it. To which he was told, “Yes possibly, but good solid analysis and writing style make for a better foundation to laugh and hold interest.”

Imo regarding my reversal observations, what is going on is not a coincidence. It has to be the global powers, behind the scenes, changing things around. The global agenda that started after WWII ENDED in 2008.

The USA got screwed when it was determined by the global PTB, back in 1945, that the USA was getting key currency status. England had key currency status before 1945. That status has many advantages, but like in any machine shop, “wherever there is a plus, there is also a minus.

The prime disadvantage is the USA after the foreign war, was able to import goods from other countries at very steep discounts, (a plus) but at the same time we lose businesses and jobs. (a minus)

The other bid disadvantage, constant ongoing trade deficits. Those deficits were settled in GOLD at $35/oz until 1971. After 1971, instead of exporting our gold, their system made us export jobs and industries.

Bottom line. That trend (embezzle the USAs wealth for the have not countries) has ran its course. They took and took and took until that meltdown in ’08. The  final DRAIN. Nothing left to take. The middle class was finished.

It makes sense that the USA is now a “have not” country, and the global master planners finally got it thru their thick heads in 2008, and are now in the process of making some other “have” country or countries, be “blessed” with key currency status to enable THEM to import cheaply, and drive up THEIR deficits.

You could even say globalization (integration) is in reverse. Look at all the separatist movements. Various people and countries seeking independence. Nobody with a brain wants to be merged with some other country that has “baggage”.

also case closed