go andover go!

folks, thats the 2nd visit of andover (TSX-V: AOX) in munich so far (welcome, rob + thx 4 coming again). if u wanna u can see some pictures of the nice käfer`s palace from the 1st event here.

what happened since the last visit? IMO are the things changing from good to better, which leads me 2 the question of the day: what 2 do in a situation like that? that was an easy one, wasnt it? of course, #jarobuys more andover shares 2day!

lets try 2 sum up few investment related issues:

• the prospects are great: 3 different Au/Ag/Zn/Pb/Cu properties, geothermal energy, limestone, rare earths, huge land package, ...
• the mngmt owns approx 35% of all outstanding shares, so the guys in charge of the company are going 2 work like crazy in order 2 make that story a success  => lets take part in that ;-)
• few legal issues concerning genco/chief are solved in andovers favor
• ...
• any risks? of course, exploration/mining is a risky business and there will be a lot of capital and/or a strong partner (like rio tinto in one of the properties) needed till all assets become cash generating mines ... gonna wait that long?

hell! lets tell mr. market andover's share price should respond accordingly SOON :-)

btw, if u wanna philosophize abt that issue u can also move 2 the discussion page @ InformedTrades ...

lucky me :-) my growing 10-bagger family

folks, lets welcome the next family member, levon resources (gold in nevada/usa):

3rd tenbagger! welcome, levon resources! http://www.informedt... on Twitpic

of course, thats the sexy part of my portfolio ... pls dont ask me 2 show u the unsexy one :-)

go gold bugs go 

btw, the current price for novagold shares @nyse equates approx 6.03 €uros, so the stock should go up in germany on monday morning ...

OMG! levon increased 2day by 9.9% and its closing quote CAD 1.11 (what a number!) equals approx 0.84 €uros , so it also should go up in germany on monday morning ...

investor lunch with andover mining (TSX-V: AOX)

what abt my interesting investor lunch event in one of the best munich's localities käfer (~'a beetle')? what abt the savvy investors, newsletter writers, money managers and crazy aliens like me? wanna see some other aliens? wheee, not at all? no problem, its your choice ... anyway, my question is ... question is ... what the hell is andover? lets ask wikipedia! andover?!? sorry 4 that, just a small joke! dont worry, we are not going 2 visit every single state in usa in order to meet andover mining (AOX), promised ... former name: andover ventures. well, lets move directly 2 companys website for any details and/or future updates concerning that promising Au + Ag + Cu + Pb + Zn explorer, ok?

the company was presented by not sooooo very gifted public speaker ... the brother of the current ceo (~the blankstein boys!) ... just in case u are not certain abt me, IMHO its much better 2 listen 2 a realistic professional who is a major shareholder of the company himself speaking abt all that advantages, prospects, risks and abt the roadmap 2 investors' heaven than 2 listen 2 an actor who would tell you the nicest stories abt nothing ... btw, whats your opinion?

there was soooo much positive news and even actual positive developments in the past few months that as for me, the most strange thing abt andover is the damned poor stock performance! dont forget there were record gold prices out there, successful legal settlement of some 60m outstanding debt concerning former operations of their majoritarian holding chief consolidated mining company, some contracts with geothermal energy producers on some stupid hot water on their property (what abt my RAM power corp?), limestone, real estate assets, already available mine equipment left by former mine operators, two high grade properties (Au + Ag + Pb + Zn in utah & Au + Cu in alaska) IMO in obamalitically completely crazy and unstable country (lol) but europe is not any better and australia (40% additional tax on resources planned!) & south america is even much much worse (!!!), a new planned roads/railroads to andovers neighbor property in alaska (OMD, its novagold, my most prominent ten bagger club member!) ... ok, there is still one minor unresolved legal issue outstanding (some 5m dispute over genco resources ~ my struggling silver play!) ... hell, is it too good to be true or what? what does mr. market know what i dont? or is the company that unknown that even the most hot story on earth wouldnt reach the tsx-venture tape? folks, lets try it out and lets bet against mr. markets opinion again :-)

damn, im not that paper trader type of guy! hmmmm, whats 2 do next for an earth convict like me? well, i just thought lets give these andover guys a try and thus bought few shares in canada @ CAD 0.21 today. folks, its sth like the 6 months low, u know? well, there was not much money left from my recent cash-in @ cbh resources, so ive decided 2 use my margin account as there is at the moment nearly a complete cash coverage of all open positions anyway, so what?

any other investor homework out there? yep, ive subscribed 2 their newsletter and im going 2 watch andovers development a little bit closer and of course, maybe there will be a point in the future where happens both, i have money 2 invest and andover looks like a great buying opportunity again. damn! that would be a moment 2 increase my initial stake (what abt robbing my wifes and childrens pockets at night? :-)

folks, dont worry, u know me already well enough so u can be sure i will handover andovers major issues from time 2 time (of course, just in case if sth interesting happens eg the share price doubles or andover finally joins my ten bagger club or the like ...)

what abt few pictures? well, there are some mining pictures on companys website, but nothing soooooo interesting ... well, lets go back 2 munich and visit käfer again, there should be at least its beautiful historical building somewhere 2 find ... here we go!

outside ...

... inside ... no insider visible? just dont care ... the waitress is coming soon :-)

GOOD LUCK, MY LOVELY ANDOVER VENTURES, GOOD LUCK 


update september 2010

explorers, producers, 10-baggers? mining ABC!

classification of mining companies by stage of production achievements and thus also in stage of cash-flow 

• explorers - they have just one or few early stage projects / no cash-flow at all / huge expenses for drilling, feasibility studies, consulting, work force, investor relations, lawyers / etc. ~ these companies are my primary investment target 'cos i love that kind of stories and in case when everything turns fine they provide the highest leverage on capital invested (ten baggers!). of course, these companies are risky like hell 'cos there are so many difficulties on the road 2 prodution like financing issues, regulatory barriers (environment, country risk like congo + venezuela + russia + south africa + nigeria + ...), often are the metal grades not high enough to open a profitable mine and thats very, very, very bad for investors then :-( ... the only 'value' behind this companies is the quality of their projects + quality of their management ... the most common way of financing is private placement of new shares, therefore are these companies regularly on road-shows, conferences, investors' lunch & dinner events like 'my' endeavour silver folks recently in munich... => ALL IN ONE: it is essential to think abt the risk-reward-ratio 
• junior producers - we have got an operating mine! lets look if it can produce gold/silver/etc profitably ...
• mid-tier producers - my guess, above 100,000 ounces gold per year
• major producers - my guess, above 1,000,000 ounces gold per year, the biggest gold producer is the canadian barrick with 8m ounces per year (but im 2 lazy to google & prove that now)

btw, the production numbers are often given in terms of gold/silver equivalents => a primary silver producer like scorpio mining will recalculate all its Au, Pb, Zn, Cu output in ounces of silver ...

classification by market capitalization

• micro-caps
• small-caps
• ... etc.
• blue chips

oil vs. gold? both are fine because of the supply & demand pattern, i think :-)

folks, just in case u still think abt the 'risk-reward-ratio issue' in explorer business, there is a small help out there! well, thats the canadian norm NI 43-101 which tells a lot abt the reserves / resources of a mining property / project. i will post a part from last endeavour's resource update 4 hard core fans of mining business below, but pls dont ask me abt all these different categories (proven, indicated, inferred, measured, ...) as ive no clue abt that 

...

2009 Reserve/Resource Highlights

• Silver Proven and Probable Reserves up 113% to 16.6 million ounces (oz); Guanacevi 15.0 million oz and Guanajuato 1.6 million oz
• Gold Proven and Probable Reserves up 87% to 44,000 oz; Guanacevi 22,500 oz and Guanajuato 21,500 oz
• Silver Equivalent Proven and Probable Reserves up 103% to 19.4 million oz; Guanacevi 16.5 million oz and Guanajuato 2.9 million oz
• Silver Indicated Resources up 21% to 23.6 million oz; Guanacevi 17.8 million oz, Guanajuato 4.3 million oz and Parral 1.5 million oz
• Gold Indicated Resources up 35% to 119,100 oz; Guanacevi 37,100 oz, Guanajuato 38,200 oz and Parral 43,800 oz
• Silver Equivalent Indicated Resources up 20% to 31.3 million oz; Guanacevi 20.2 million oz, Guanajuato 6.8 million oz and Parral 4.3 million oz
• Silver Inferred Resources down 6% to 18.3 million oz; Guanacevi 9.6 million oz, Guanajuato 7.7 million oz and Parral 1.0 million oz
• Gold Inferred Resources up 17% to 111,000 oz; Guanacevi 16,400 oz, Guanajuato 70,000 oz and Parral 24,600 oz
• Silver Equivalent Inferred Resources down 4% to 25.6 million oz; Guanacevi 10.7 million oz, Guanajuato 12.3 million oz and Parral 2.6 million oz
• ...

-----

folks, in case there will be some other mining-related issues/ideas later on, i will prolly update that blog, ok?

04-27-2010,  ten baggers (also known as tenbaggers, 10-baggers, etc.) are fun :-)

folks, it is soooooo great 2 be in the right trend at the right time ... my 3rd tenbagger is here! it is novagold again, more precisely its my 2nd shot on this in that time bankruptcy endangered gold explorer. well, in some cases is bottom-fishing soooo damned profitable, u know?


go, gold bugs, go 

btw, 3 weeks ago there have been just 2 of them (for more details read my old comment) ... but there have been 3 companies (tara gold, levon, excellon) much more close to this barrier as 2day ...


 addendum, sept 20, 2011: my first 40-bagger, rio alto mining, OMG!

:-)