PDAC 2022 – Day 3

The conference was quiet this morning, but busier than the old half day Wednesday of previous years, which were hardly worth attending as booth holders were conspicuous by their absence, due to the festivities of the previous evening.

 

.

PDAC 2022 – Day 3

The conference was quiet this morning, but busier than the old half day Wednesday of previous yeas, which were hardly worth attending as booth holders were conspicuous by their absence due to the festivities of the previous evening.

 

Is this evidence management are taking things more seriously this year I wonder?

 

I caught up with the Eloro (TSX.V: ELO)  guys at their stand, and they informed me they had a good news release yesterday (mid conference?), but sadly didn’t have a copy on their stand, which is poor, to say the least.

When I’m home I’m looking forward to reading it as apparently they have some superb hits at depth, with the gold grade increasing the deeper they drill.

 

 

PDAC 2022 – Day 1

I have to admit to being totally wrong about the numbers for the 2022 PDAC, as I saw unprecedented queues to register and enter the show Monday, the opening day.

Some people had to wait three hours from being held outside the building due to congestion in registration, to actually being handed their badge to enter the show.

.

.

 

.

.

PDAC 2022 – Day 1 – Far Busier Than I Expected

I have to admit to being totally wrong about the numbers I anticipated attending the 2022 PDAC, as I saw unprecedented queues to register and enter the show Monday, the opening day.

Some people had to wait three hours from being held outside the building due to congestion in registration, to actually being handed their badge to enter the show.

I was very fortunate, as i opted to take the train to Niagara Falls instead of going to pre-register on Sunday afternoon, which I normally do, mainly because I expected the show to be quiet.

So upon arriving at Union Station on Monday morning, I was going to walk around to the front of the Convention Centre and enter there, but I saw the sign for the PATH, and decided to take that instead, a fortunate decision as it turned out.

The PATH delivered me to the rear of the entrance, and this is where I saw the pilice holding a huge throng of people outside the fron of the doors, whereas people arriving from the PATH were still being admitted.

I managed to register in 30 minutes or so, it really was pandomonium in registration, I have never seen such queueus, and I have been comeing here for 16 years.

 

Once inside the forst shock was the reduced size of the exhibition hall, where a large section was given over to tables and chairs, and the catering, normally located in another area.

Moving around is much easier in a smaller floor area, and I soon had my target companies marked out on the plan, around 30 of them.

I was invited to a luncheon presentation for Northern Graphite in the Royal York Hotel, and they presented a good story, although their actual sales figures seemed to be vague, although they claimed to be cashflow positive.

Walking around the show and one of the major disappointments every year is that CEO’s aren’t on their booths and you have to keep going back, which wastes time and is painful on the feet.

I appreciate they have meetings to attend, but to be told the CEO will not be available on the booth during the entire show (Banyan Gold) was extremely disappointing, to say the least.

The PDAC organisers need to ensure there is a time when CEO’s are on their booths for investors, we have travelled a long way.

So day 1 has closed, there may be a lot of people here but how many investors?   Not too many is my judgement based on bootholders I have spoken to. One told me he had spoken to 4 (yes four!) investors the whole day!

.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the authorholds shares in Banyan Gold,  bought in the market at the prevailing price on the days of purchase.

 

City Investors Circle

The Toronto Metals Investor Forum June 2022 followed the patern of recent mining conferences I have participated in, in being very lightly attended.

The only exception being the Global Mining Finance Conference in London a few days ago, which was full to capacity.  […] 

 

.

 

.

Toronto Metals Investor Forum was Very Quiet, following the pattern of recent investor conferences.

.

The Toronto Metals Investor Forum June 2022 followed the patern of recent mining conferences I have participated in, in being very lightly attended. (The only exception being the Global Mining Finance Conference in London a few days ago, which was full to capacity.)

So why was the event poorly attended?

My guess is that as markets are tanking, (and the mining sector had already been falling for some time), investors aren’t intereted in hearing new stories as they are nursing losses, and have lost interest in the sector.

The Toronto Metals Investor Forum runs just before the PDAC, and had become very popular.  I have seen every seat in the auditorium full and standing at the rear in the pre covid past.

The last time I attended (pre covid) they even had the audacity to overlap the first day of PDAC, which was, as I expected, a total failure. I attended the first presentation after lunch, and there was just a handful of people in the audience.

What did happen was that people like myelf wandered over at lunch time for a quiet place to sit and eat a free lunch, and then walked back to PDAC. It’s only a five minute walk.

The Metals Investor Forum is run by Eric Coffin, and a collection of popular Canadian and American newsletter writers present a “select” (paying) group of four of the companies they personally support and promote.

The format is each newsletter writer makes a 20 minutes presentation, and then each of their four ‘selected’ companies does a 10 minute presentation. I personally enjoy the shorter presentations, as it keeps it lively and succinct.

Each company has a table outside in the dining area where investors can walk around and engage with management. It works well, and I enjoy attending the event.

Two of the companies we follow were participating, O3 Mining, and Newcore Gold, and I chatted to both, and was happy with what I heard.

.

So which companies took my eye at first glance?

They were three,  Altaley Mining,  HighGold, and Orezone, interestingly all introdced by Eric Coffin!

 

Altaley Mining (TSX.V: ALTY)

Is run by Ralph Shearing, a guy that screams honesty and underpromotion, a rarity in the Cadandian mining space.

They are about to bring their Tahuehueto high grade gold mine into production with full capacity due by Q4 2022. They are already in production, and making a profit at Campo Morado, where they are Mexico’s 6h highest zinc producer.

 

HighGold (TSX.V: HIGH)

Have a high grade potentail gold asset in SE Alaska, as well as some other projects in the Timmins gold camp.

They have had some ultra high grade intercepts, and are commencing a fully funded follow up drill programme. This is grassroots exploration, but in an area that could be prolific for gold.

 

Orezone Gold Corp. (TSX.V: ORE)

Owns a 90% interest in Bombore gold mine in burkina Faso, which they are bringing into production on time and on budget, despite covid, a mean feat indeed.

Bombore is scheduled to produce 133,000 ounces of gold per year for the first 10 years at an AISC of US$733. Add in a LOM of 20 years, plus further exploration potential.  First gold pour is due in Q3 2022.

.

PDAC 2022

This year PDAC is only running Monday to Wednesday, they have cut out the Sunday for some inexplicable reason, as that was the day retail investors attended at the weekend.

So, with PDAC now charging C$25 per day to attend the Investors’ Exchange, there being only half the companies than normal, and the markets on their knees, I wonder how many people will visit PDAC 2022?

My feeling is Monday will be reasonably busy as the Bay Street crowd will be in attendance, but it will be dead by Wednesday. We shall see.

.

=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

 

.

.

 

 

 

The PDAC begins in Toronto next Monday

For the first time ever the PDAC, the world’s largest mining trade show, takes place in June this year, delayed due to covid concerns from its traditional frost bite and chilblain inducing March slot.

Sadly the show is smaller this year, and one wonders whether the change of date is partly the reason for that?  We won’t know until next year, when, presumably, the how will revert ot its March slot.  […] 

 

.

 

.

The PDAC begins in Toronto next Monday

For the first time ever the PDAC, the world’s largest mining trade show, takes place in June this year, delayed due to covid concerns from its traditional frost bite and chilblain inducing March slot.

Sadly the show is smaller this year, and one wonders whether the change of date is partly the reason for that?  We won’t know until next year, when, presumably, the how will revert ot its March slot

So there are 329 registered companies, which is around half the recent show size, and possibl the smallest ever in recent times.

I do wonder whether the ever increasing number of mining conferences around the world is reducing the need for people to come to PDAC?  It will be interesting to see the attendance figures, for what is now a three day show, rather than the previous three and a half.

.Looking through the exhibitors I see a few old favourites but not that many, some of the regulars are not going this year.

The organisers are asking people to consider wearing masks, but in a trade show?  Really?

Given the smaller size, and change of season, plus of course markets that have been falling for quite some time in the junior mining sector, I doubt there will be anything ‘cursed’ about #PDAC2022

.Or maybe the ‘curse’ this year is that it had to be moved from its normal March slot?

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

.

.