American Bonanza breaks out.

[phideaux]

What do you think is going on with mindesta? picked up some cheap shares today

I picked up some at 52 last week, too. I may put in another stink bid near 40 or something.

I guess people are impatient about them not coming out with the share distribution plan yet.

All I know is that MDST is trading at a 50% discount to NGC. Sure looks like a bargain to me.

[donkey]

http://www.andrew-racz.com/Brain-Kir...drew-Racz.html

This is a good interview with Brian Kirwin. I like their strategy of picking up overlooked smaller projects with proven gold and higher margins and relatively solid prospects for permitting.

Racz: Now let’s jump to April 1, 2012. Sitting on $30 million cash, what will you do in your office that day?
B: On that day we will be well into either acquiring or already working on developing our next mine. The model for that mine is Copperstone. One of the reasons that this property has such low capital cost, such rapid time lines and such high margins is that we look at these differently than most mine developers. Most mine developers think that you value a deposit like this in terms of quality and quantity, quality being your grade, quantity being your tons. The way we look at it is quality is actually made up of a dozen different characteristics. One of them is certainly grade, but the other ones affect your cash cost, affect your time line to production and affect your capital cost. Because we focus on all those different elements of quality and we look at permitting as a fundamental first principle. It’s one of the first things we look at is how rapidly can we permit this because that’s how rapidly we can get into production. So we’re already looking at a number of opportunities. We will not commit treasury to anything. We may sign a transaction that doesn’t require us to commit treasury, but we won’t commit treasury at any significant amount to something like this until the date you’re talking about because job one is make Copperstone perform. Once it does, which is about that date that you’re talking about, we’ll either be committing significant capital to the development of the second mine which we have already acquired the rights to or we will be acquiring those rights. By that date, we will be pretty deep into mine number two, and the model is very similar to Copperstone. We always look at the things that affect all these elements of quality which affect your capital costs, your operating costs, and your time line to development because we wanted to have a strong economic engine in it and we want to be able to get it in production quickly. That’s where we will be. That’s what we will be doing that day.

[phideaux]

Nice rally into the close from that bizarre opening drop. Up 11 centavos, 23%, from that low, to 59, up 2 on the day. I'll take it.

[phideaux]

This is a good interview with Brian Kirwin. I like their strategy of picking up overlooked smaller projects with proven gold and higher margins and relatively solid prospects for permitting.

Good stuff, but old news.

I want to see an interview with Eric Sprott, about why he bought in big to BZA.

[squirk]

Well I wonder if Stillwater has finally hit bottom and is on the climb back up. I think investors were none too happy with the high price they paid for Peregrine. They have had a nice rebound the last couple days.

[dosman]

Good lord this stock is being traded as strong as anything I've ever seen before...how long before a buyout offer sends this thing to the moon?

[phideaux]

Just a heads-up: Bonanza may get another pop tomorrow afternoon.

Brian Kirwin, Prez/CEO of Bonanza. will talk about the mine startup on Jay Taylor's radio show on Tuesday at 3 PM EST, 12 PT.

Jay Taylor has a respectable reputation and following in the junior mining sector.

I'm not sure if this is the right place to hear the show, we'll know tomorrow. http://www.voiceamerica.com/Show/1501

Gooooooo Bonanza!

[phideaux]

Mostly a recap of what we already know, but still well worth a listen. Starts at about 19:00 into this program.

(Jay Taylor is a horrible interviewer. )

http://www.voiceamerica.com/show/150...nto-good-times

[phideaux]

BZA holding steady today 62-63.



November 08, 2011
American Bonanza Begins Plant Commissioning at Copperstone

November 8, 2011 - American Bonanza Gold Corp. (TSX: BZA) ("Bonanza") is pleased to announce that the Copperstone gold mine has entered the final phase of construction and has commenced dry commissioning of the Copperstone gold processing plant.

All processing plant and crusher equipment has been installed and wired. Construction of the crusher back wall and dump pocket is complete. Emplacement of the sand overlay for the tailings impoundment is complete. Installation of the tailings pipeline is also complete. Only minor tie-in of process piping remains.

Bonanza's mining permits allow mining of ore for treatment in the gold processing plant after the two declines have joined at the north end of the mine, thus providing multiple escape routes and enhanced ventilation. The joining of the two declines is complete, allowing for the mining of ore to commence, and Bonanza is currently developing stopes. The safety chambers have been installed underground. Bonanza has also shipped nineteen truckloads of ore to the crusher in anticipation of processing plant startup.

As part of Bonanza's transition from contract mining to owner mining, all essential mining equipment has been purchased and delivered to site and is at work. Copperstone remains on track for a fourth quarter, 2011, mine and mill startup process, with the goal of achieving full production rates by the end of the year.

About Bonanza

Bonanza is nearing completion of the construction activities at the Copperstone gold mine, which will allow for re-activation of mining at the construction-stage Copperstone gold mine. Bonanza is well financed and has no debt. For more information please visit Bonanza's website at www.americanbonanza.com.

[squirk]

So it looks like one more step closer!!! Just read this as well. Looking like all systems are go.

[phideaux]

Wow, a block of 168,000 just traded at 64. I've been watching BZA for 3 years and that's the largest block i can ever recall. Got to be bullish!

Edit: Boom! Another 292,000 @ 64

And another 200,000 @ 64.

Methinks somebody who bought in big on that recent financing at 53 is taking some quick profits. 20% gain, not too bad for 2 weeks' "work."

[budfox]

I hope they're not using the 'Gold Rush Alaska' idiots on the job

[dosman]

I picked up some more this morning, couldn't fill my entire order.

GUYS, THE STRONGEST LESSON I HAVE FOR JUNIOR MINERS IS AS FOLLOWS:
THERE IS OFTEN SIGNIFICANT INFORMATION LAG WITH PRESS RELEASES IN THE MARKETS. I REMEMBER ONCE GOLD CANYON STAYED FLAT FOR 30 MINS BEFORE THE NEWS KICKED IN AND IT JUMPED 15%. IF YOU SEE GOOD NEWS ON A NEUTRAL DAY, IT'S TIME TO BUY IF ONLY FOR A SHORT TERM FLIP

[phideaux]

I hope they're not using the 'Gold Rush Alaska' idiots on the job

Nahhhh, BZA fired them clowns.

BZA had hired a contract mining company that coincidentally is HQ'd about 15 miles from my house. BZA fired them. bought all the necessary equipment and hired their own miners. BZA will run the mine themselves.

Looks like some big overhead resistance right here at 64-65, and more coming up at 70. Maybe another day or two to blast through this level. JMHO.

[budfox]

Nahhhh, BZA fired them clowns.

BZA had hired a contract mining company that coincidentally is HQ'd about 15 miles from my house. BZA fired them. bought all the necessary equipment and hired their own miners. BZA will run the mine themselves.

Looks like some big overhead resistance right here at 64-65, and more coming up at 70. Maybe another day or two to blast through this level. JMHO.

You've got mail....

[phideaux]

You've got mail....

I'd rather get mail from Meg Ryan.

[dosman]

Man, I feel so great about what this company is doing. They are vertically integrated (which means that the management isn't ****ing around and knows what they want to do and how to do it), capitalized, and sitting on some of the best deposits in the world. God bless capitalism for allowing us to get in on this venture. The most plausible downfall that I could see here is a poor share structure? Does it look like the shareholders will get a fair share to you, phideaux?

[phideaux]

Man, I feel so great about what this company is doing. They are vertically integrated (which means that the management isn't ****ing around and knows what they want to do and how to do it), capitalized, and sitting on some of the best deposits in the world. God bless capitalism for allowing us to get in on this venture. The most plausible downfall that I could see here is a poor share structure? Does it look like the shareholders will get a fair share to you, phideaux?

I like being on board with Eric Sprott driving the shareholder bus.

And in that interview from February, the guy asks Kirwin about a possible share buyback once they're sitting on $20 million cash after the first quarter of production. That would be awesome.

Using round numbers of 50,000 ounces annual production @ $1,800 gold, that's $90 million annual cash flow. Doesn't get much better than that for a company with a market cap of $110 million.

[VTEEZER]

Just watched a American Bonanza/Copperstone mine commercial on FBN.

[dosman]

mindesta put out their press release today. free money for anyone who was paying attention. i picked up many shares for less than 50 cents

[phideaux]

mindesta put out their press release today. free money for anyone who was paying attention. i picked up many shares for less than 50 cents

You bet I was paying attention.

Earlier today i set up Northern/Mindesta in a separate thread. http://www.goldismoney2.com/showthre...light=mindesta

[Joegoog23]

Sold Approx 25,000 shares over .64 (originally bought at .58) and was able to buy them back under .59 (Live in US so ABGFF.PK not TSX exchange.

Wow, a block of 168,000 just traded at 64. I've been watching BZA for 3 years and that's the largest block i can ever recall. Got to be bullish!

Edit: Boom! Another 292,000 @ 64

And another 200,000 @ 64.

Methinks somebody who bought in big on that recent financing at 53 is taking some quick profits. 20% gain, not too bad for 2 weeks' "work."

[squirk]

Down today because everything PM related both physical and paper is getting slammed? I keep trying to tell myself that dips are all buying opportunities but it is getting harder and harder to convince my wife of this. LOL.

[phideaux]

Yeah, not a pretty picture today, but I guess it could be worse.

600,000 block just traded at 55. I hope that was Eric Sprott buying more, not selling.

Largest block I've ever seen for BZA.

[squirk]

And the dip continues.

[phideaux]

Yeah, very frustrating.

They're overdue for another news release about the start of production.

Anybody going to the Hard Assets Conference in San Francisco this coming weekend? I've been twice in the past, but I can't make it this year. It's an excellent free show, well worth the time if you're in the area. http://www.hardassetssf.com/?utm sou...paign=SFHA2011

Anyway, BZA will have a booth there. Stop by and give 'em hell.

Brian Kirwin - Prez, Jimmy Bagwell - IR manager, and Susan Bertling - the Corporate Secretary, should be there. Tell 'em "Mr. Four Cents Bottomfisher" sent ya. They'll know me.

[phideaux]

Newsletter writer Jay Taylor plugs Bonanza today in The Gold Report http://www.theaureport.com/pub/na/11889

Good point he raises is to keep in mind that BZA is up 70% YTD, despite the pullback form the high a few months ago. Still, not too shabby,


TGR: The biggest gainer on the list of the companies that are up this year is American Bonanza Gold. It's up about 70% this year, but about 232% since you took your initial position. Why is that junior performing so well?

JT: It's on the verge of production at the Copperstone gold mine in Arizona. There were a lot of skeptics and the stock was extremely cheap. The costs are very low. It's not a big mine and the production levels are fairly small, but it has really good exploration potential that can be built into a much bigger mining operation over the long term.

TGR: When is initial production expected?

JT: I believe in Q112.

TGR: American Bonanza should be generating some cash flow at that point.

JT: It should, with the caveat that more often than not startup operations have some kinks to work out. However, this was a previously producing mine. That reduces some of the metallurgical risk and other risks of a new startup. I'm confident it's going to get the job done.

[squirk]

And yet another kick to the groin yesterday. What happened?

[phideaux]

And yet another kick to the groin yesterday. What happened?

In case you didn't notice, gold crashed nearly $100. The whole sector got whacked bad.

[VTEEZER]

Anyone else notice the short commercials they've been running on FBN?

[donkey]

http://www.voiceamerica.com/episode/...-servant/54906

Today at 3pm Eastern time.

The Queen of England reclaims America and you are her servant!

January 10, 2012
Hosted by Jay Taylor

Dr. John Coleman explains why Ron Paul’s urge to return to Constitutional policies falls on deaf ears. In The Tavistock Institute of Human Relations, he explains how the British Crown and the Rothschilds formed an all powerful group that knows no national boundaries, is above the laws of countries and controls every aspect of politics, religion, commerce and industry, banking, insurance, the drug trade, and the petroleum industry. This is a group answerable to nobody. Americans believe the Constitution protects them against such tyranny. But, in fact we have been trained to reject the very articles designed to protect us from it. Coleman explains how the European Royalty shaped Americans into favoring economic and foreign policies that now force most Americans back to pre-1776 indentured-servant poverty so pleasing to royalty. How can average people avoid that fate? Owning gold protects wealth. Listen to interviews with American Bonanza, Merrex Gold and Helio Resources.

[phideaux]

Hmmmm, no interview with Bonanza.

2 hours all about the Queen

WTF?

[donkey]

My thoughts exactly....

[donkey]

Some insider selling yesterday.

How long before news releases/updates/announcements are insiders not allowed to trade shares? Does it depend on the type of update?

[dosman]

I can't find any info about insider selling. I take it you're just assuming that. If you have no compelling evidence, I think that your post was a great disservice

[donkey]

http://www.tmxmoney.com/HttpControll...=V&Language=en

[dosman]

Very well. Thanks for staying on top of things, donkey. I for one am not very concerned about a $35k sale. Do you suppose that there is reason to be? I think that if any bad news was about to come out, $35k in revenue would not be worth the controversy regarding "insider" trading. I actually have a buy order at 48 cents right now.

[donkey]

I am mostly interested to know if somebody here can tell me, or direct me to where I can find, the regs regarding insider trades before news releases/updates, etc. Mostly to ascertain if any updates on production are forthcoming.

[phideaux]

FWIW from the Stockhouse boards (yesterday)

http://www.stockhouse.com/Bullboards...x?s=BZA&t=LIST

Talked with Jim today, he said they had some breakdowns previously but they were now repaired. He also mentioned that they believed that production of the concentrate would be very soon. With a news release stating such within a few days. For me, it was enough info to add another 30K shares. Better get them when there cheap, share price should return to the .70ish level on announcement.

[donkey]

A little concerning they would put out rumours in such a manner followed by significant insider selling. I've seen how the stockhouse boards work and most companies with active boards employ people to create interest, often with false information with an intent to manipulate.

About the mine and process coming to full production, I imagine such an announcement would reasonably constitute 'material information'. As an expected timeline for such a significant timeline was announced as recently as November it's very reasonable for the market to be anticipating such an occurrence. Bad form for any type of insider trading to be happening at this point.

[phideaux]

Well, at least Nrothern Graphite is moving (finally)

This is the power of a positive press release for a junior miner: Just hit $1.09, up 20 cents (22%) on the day.

Northern Graphite Reports Positive Pilot Plant Test Results

http://finance.yahoo.com/news/Northe...85235.html?x=0

[dosman]

meanwhile some moron is bidwhacking mindesta. might put in a cheap bid

[phideaux]

meanwhile some moron is bidwhacking mindesta. might put in a cheap bid

yeah, I saw that 74 cents. What on earth are they thinkin.

[phideaux]

Nice write-up on NGC

http://www.discoveryinvesting.com/up...ry_13_2012.pdf

[dosman]

sure looks like christmas is coming late this year. NGC soaring. mdst catching up.

[dosman]

thinking about selling some other miners (pretium, golden minerals) and buying more bonanza at this steal of a price.

[phideaux]

sure looks like christmas is coming late this year. NGC soaring. mdst catching up.

Dos, I set up a thread for Northern over hare:

http://www.goldismoney2.com/showthre...phite-Mindesta
But yeah, Northern is rockin'! Up 75% over the last month or so.

[donkey]

Since you were all so kind to tip me off to this back in the .30s, before the runup to mid 60s (where I sold!) and back down to high 40s (bought!) I ought to throw out the NDX.V ticker for to take a peek at. It's coal, mind you, and nearly irrelevant to the board topic. I was picking it up in the low 20s and watching it past few months. Like BZA they are a smaller (mid potential) size producer with production stream just getting online.

There, end of thread derail. I'm excited for BZA announcements that they start producing.... I'm so loaded with these relatively inexpensive miners just starting production. Their low prices just don't make much sense. They are going to be throwing out 100% dividends every year, seems. If anyone can point me to similar companies (on verge of production) I will cyber kiss you.

[donkey]

So someone let the cap off the .51-.52 range today.

Does anyone know exactly how the market makers/promoters work to manage such a thing? It sits at .49-.51 for nearly a month, pushed down whenever necessary, and then on low volume it is let run up a large amount in a short time.

Obviously there are shills/promoters for this on internet message boards (stockhouse specifically). I've seen the exact same methodology used with some other explorers/juniors on the venture. They have sockpuppet accounts that fill a few roles and clutter the board with endless jibberish. There is a basher or two, there is an ambiguous type, then there is a pumper type. Also the company uses them to disclose information prior to news releases to build up anticipation.

Anyone know what company provides this service and how much they pay for it?

[dosman]

Picked up a few shares today but couldn't get my order filled. I sense big news coming.

let me remind my fellow GIMers of the icing on the cake of this wonderful play for gold enthusiasts:

American Bonanza currently has no plans to hedge the price it sells its gold at...$$$$$