Gold-X (ex. Sandspring Res.)/ 18% owned by GCM.t

[drbubb]

Gold-X: GLDX.t (ex.SSP) - 18% owned by GCM.t

GLDX.t -vs-GCM.t/ .... update / Last: $4.14, vs. $6.88 : Ratio- 60.2% @7.01.20



==

OLD: SSP/ Sandspring $0.16, UNCH., vs. $3.72 + 0.36

RATIOS : SSP is just 4.34% pf GCM's price

DATE=C$: GCM.t Wt.B : Vol.  : Ratio: ITM-$: TimeV: %IV :  %442/ SSP.v : %Gcm
09/06/18: $2.16: 0.710, 00.0k : 32.9%: 0.000: 0.710 : 0.00%, 48.9/ $0.240, 11.1%
09/28/18: $2.25: 0.970, 00.0k : 43.1%: 0.040: 0.930 : 4.12%,  50.9/ $0.240, 10.7%
10/31/18: $2.32: 0.910, 66.8k : 39.2%: 0.110: 0.820 : 12.1%, 52.2/ $0.215, 9.27%
11/30/18: $2.53: 1.280, 22.1k : 50.6%: 0.320: 0.960 : 25.0%, 57.2/ $0.180, 7.11%
12/31/18: $2.82: 1.400, 00.8k : 49.6%: 0.610: 0.790 : 43.5%, 63.8/ $0.245, 8.69%
01/28/19: $3.36: 1.630, 26.7k : 48.5% : 1.150: 0.480 : 70.6%, 76.1/ $0.290, 8.63%
02/19/19: $4.42: $2.42, 69.4k : 56.8% : 2.210: 0.210 : 91.3%, 100./ $0.295, 6.67%: wt.High Close !
02/28/19: $4.40: $2.41, 15.9k : 54.7% : 2.200: 0.210 : 91.3%, 99.6/ $0.265, 6.02%
03/29/19: $3.67: $1.80, 30.5k : 49.0% : 1.440: 0.360 : 80.0%, 83.0/ $0.230, 6.27%
04/30/19: $3.34: $1.70, 12.3k : 50.9% : 1.130: 0.570 : 66.5%, 75.6/ $0.170, 5.09%
05/13/19: $3.31: $1.67, 08.5k : 50.5% : 1.100: 0.570 : 65.8%, 74.9/ $0.160, 4.83%
05/16/19: $3.69: $1.95, 08.1k : 52.8% : 1.480: 0.470 : 75.9%, 83.5/ $0.160, 4.34%
===================

SSP.v : All: 10yr : fr.1/2014 : 1/2015 : 5yr : Last: $0.16

: fr.1/2014 :

: 1/2015 : 2015-nonLog : 

Balance Sheet

xx

[drbubb]

Here's what GCM said in its Q1- Press Release yesterday

In February 2019, the Company increased its equity investment in Sandspring Resources Ltd. to approximately 18% and continues to assist Sandspring as it moves toward a feasibility study for its Toroparu Project in the western Guyana gold district and prepares for the eventual commencement of mining operations at the Chicharron Project located within the Company's mining title at Segovia which it acquired in 2018.

> source: https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aGCM-2760199&symbol=GCM&region=C

GCM paid $0.28 for the last shares it bought back in Feb.

No doubt, they think they can help zero in on the Deposit, very near to GCM's own "within the Company's mining title at Segovia"

The market would not have paid GCM for a small deposit - Maybe investors in SSP will value that asset more fully.

So far, they are not

[drbubb]

SSP may be set for a rally (& get pulled up by GCM's strength)

SSP / Sandspring Resources ... since Jan.2015 / Last: $0.16

[drbubb]

Moving UP In Sympathy?

SSP: $0.195 +0.035, +21.9%, on 240,100 shares, so far

GCM had +10% day yesterday. Down 1% at C$3.65 now

[drbubb]

NEWS

Date ET	Symbol	Price	Type	Headline
2019-06-03 17:20	C:SSP	0.165	News Release	Sandspring increases private placement to $4-million
2019-05-30 10:39	C:SSP	0.155	News Release	Sandspring arranges $3-million private placement
2019-05-28 17:02	C:SSP	0.165	SEDAR Interim Financial Statements	SEDAR Interim Financial Statements
2019-05-28 17:02	C:SSP	0.165	SEDAR MD & A	SEDAR MD & A

SANDSPRING RESOURCES INCREASES FULLY-SUBSCRIBED PRIVATE PLACEMENT TO $4 MILLION

Due to strong investor interest, the board of directors of Sandspring Resources Ltd. has approved an increase in the amount of its non-brokered private placement.

The placement has been fully-subscribed and the Company now intends to issue 32,000,000 units (each, a "Unit") at a price Cdn$0.125 per Unit. Each "Unit" consists of one common share and one share purchase warrant entitling the holder to purchase one additional share at Cdn$0.165 for a period of sixty (60) months.

Completion of the private placement remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period.

About Sandspring Resources Ltd.

Sandspring Resources Ltd. is a Canadian junior mining company currently moving toward a feasibility study for the Toroparu Project in Guyana, South America with 7.4 million ounces of gold in the Measured and Indicated categories. A prefeasibility study completed in May 2013 (NI 43-101 Technical Report, Prefeasibility Study, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated May 24, 2013 completed by SRK Consulting (U.S.), Inc., available on SEDAR (www.sedar.com)) outlined the design of an open-pit mine producing more than 200,000 ounces of gold annually over an initial 16-year mine life. Sandspring and Wheaton Precious Metals (formerly known as Silver Wheaton) entered into a precious metals purchase agreement for the Toroparu Project in November of 2013. Sandspring also holds a 100% interest in the Chicharron Gold Project located in the Segovia-Remedios mining district, Antioquia, Colombia. Additional information is available at www.sandspringresources.com or by email at info@sandspringresources.com.

=

[drbubb]

SSP.v / Sand Spring Resources

Some Of The Biggest Resource Opportunities Are HIDDEN In South America - Munson About Gold Breakout

[drbubb]

Sandspring Announces Filing of Preliminary Economic Assessme

July 24, 2019  by  Goldcross

Sandspring Announces Filing of Preliminary Economic Assessment Report for Toroparu Project V.SSP |

16 hours ago DENVER and VANCOUVER, British Columbia, July 23

Sandspring Resources Ltd. (TSX Venture: SSP, OTCQX: SSPXF) (“Sandspring”, or the “Company”) is pleased to announce its filing of the Preliminary Economic Assessment Report (the “PEA” or “PEA Report”) for its Toroparu Gold Project in the Mazaruni-Cuyuni District of Guyana (the "Toroparu Project" or “Project”). The PEA Report was prepared in accordance with National Instrument NI43-101 by SRK Consulting (US) Inc. ("SRK") and has been filed on SEDAR and the Company’s website.

The results of the PEA were announced by the Company in its press release (the “June 4 Press Release”) dated June 4, 20191.  SRK concludes in the PEA Report that “Given the positive results of the PEA, SRK recommends that the Toroparu Project be advanced to a feasibility study.  Given the previous studies already conducted on the Project this could be completed within a 6 to 9-month duration.”

The Toroparu Project has been re-scoped to include the Sona Hill satellite deposit, modification of the Project’s processing strategy to start with gold-only production from a Carbon-in-Leach circuit (“CIL”) for the initial ten years, followed by an expansion of the Project in year 11 to add flotation processing capacity and the streaming agreement with Wheaton Precious Metals International.2  The PEA Report summarizes the results of the re-scoping at base case metal prices of US3 $1,300 gold (Au), $16.00 silver (Ag), $3.00 copper (Cu).

The PEA documentation of mining production quantities supercedes and replaces the 2013 Prefeasibility Study (the “2013 PFS”) Statement of Mineral Reserves4.  The PEA is based on exploitation of measured, indicated and inferred mineral resources while the 2013 PFS is based on the exploitation of proven and probable mineral reserves.  Inferred resources from the Mineral Resource Estimate identified in the Company’s September 26, 2018 press release5 comprise 5% of the resources used in the production schedule reported in the PEA.

Rich Munson, CEO, stated, “As we noted in the June 4 Press Release, the re-scoping study supports  the significant changes to the profile of the Toroparu Project that have occurred since the 2013 PFS was issued. As recommended by SRK, we are now working on final feasibility.”

...read more

[jerpy]

I’d not really commented here but that private placement looks like GCM.t just keep getting a cheaper and cheaper stake.

Made me think why bother here, as GCM.t will likely get a boost from anything they do anyway.

Edit: should say I bought a tin6 holding and made  a little profit, just didn’t see why hold at 26c when GCM.t can get in at 20c; nice work if you can get it 😉

[jerpy]

On 8/12/2019 at 11:54 PM, jerpy said:

I’d not really commented here but that private placement looks like GCM.t just keep getting a cheaper and cheaper stake.

Made me think why bother here, as GCM.t will likely get a boost from anything they do anyway.

Edit: should say I bought a tin6 holding and made  a little profit, just didn’t see why hold at 26c when GCM.t can get in at 20c; nice work if you can get it 😉

Well that wasn’t so smart either in hindsight!

What a few days for SSP!! Closed on 32c(18% up on the day Friday).

[drbubb]

Yes. It was a good day for SSP

SSP.v / Sandspring ... fr.2014 : fr.2016 : 6mo / Last: $0.32 + 0.05, +18.32%, vol. 1.52 Million - hi.vol!

: fr.2016 :

: 6mo : 12mo /

[drbubb]

My order to SELL at 0.295 got triggered in the recent run up

[drbubb]

Sandspring Resources proposes name change to Gold X Mining Corp., a share consolidation of 8 to 1 and formation of Strategic Advisory Board GlobeNewswire

DENVER and VANCOUVER, British Columbia, Oct 29, 2019 (GLOBE NEWSWIRE via COMTEX) -- - Paul Matysek and Brian Paes-Braga, former Lithium X executives, join Strategic Advisory Board

- Strategic Advisory Board to spearhead capital markets and corporate development initiatives

- Share consolidation intended to provide greater access for global institutional investors

Sandspring Resources Ltd. (SSP)(otcqx:SSPXF) ("Sandspring" or the "Company") is pleased to announce the formation of a Strategic Advisory Board to assist the Board of Directors and management with corporate and shareholder value creation. Former Lithium X executives, Paul Matysek and Brian Paes-Braga, are the founding members.

Mr. Matysek said, "The Toroparu Project represents a world class opportunity for leveraging gold price momentum into shareholder value. Its size, at 7.4 million ounces of gold with significant copper and silver credits, its advanced development stage status, its potential mine financing from Wheaton Precious Metals, and its long-term relationship with the Guyanese government and local population, all provide investors with substantial opportunity for value creation in this gold environment. I'm looking forward to working with the refocused and freshly branded Gold X Board, Management and my fellow Advisor."

Mr. Matysek is a serial entrepreneur, geochemist and geologist with over 40 years of experience in the mining industry. Since 2004 as CEO or Chairman, Mr. Matysek has primarily focused on the exploration, development and sale of five publicly listed companies, in aggregate worth over $2 billion. Most recently, he was Executive Chairman of Lithium X Energy Corp., which was sold to Nextview New Energy Lion Hong Kong Limited for $265 million in cash. Mr. Matysek was President and CEO of Goldrock Mines Corp., which sold to Fortuna Silver Mines in July 2016. He was previously CEO of Lithium One, which merged with Galaxy Resources of Australia to create a multi-billion-dollar integrated lithium company. He served as CEO of Potash One, which was acquired by K+S Ag for $434-million cash in a friendly takeover in 2011. Mr. Matysek was also the co-founder and CEO of Energy Metals Corp., a uranium company that grew from a market capitalization of $10 million to approximately $1.8 billion when sold in 2007.

 

Mr. Paes-Braga said, "It's an exciting time to be advancing natural resource projects in Guyana as the country is experiencing generational growth with the recent discovery of rich offshore oil fields. Billions of dollars are presently entering the country via large international energy companies eager to responsibly develop these resources. As a significant shareholder and insider, I look forward to working with Paul, the Gold X team, Guyanese government, Wheaton Precious Metals, and our major shareholder, Gran Colombia, to advance Toroparu for the benefit of our shareholders, the local community, and Guyana."

Mr. Paes-Braga is a Principal at SAF Group, a leading structured credit and merchant banking firm that builds, finances and advises high growth companies, providing flexible, long-term capital solutions to businesses and stable returns for investors. Previously, Mr. Paes-Braga was Founder and CEO of Lithium X Energy Corp., a lithium resource company which, within 2.5 years, raised approximately $53 million and was acquired in an all-cash deal for $265 million. Mr. Paes-Braga is an active philanthropist, sitting on the Advisory Council of the International Crisis Group and supporting several charities and research groups through his private family foundation, Quiet Cove Foundation. Mr. Paes-Braga is also the Chair of the Board of Directors of Thunderbird Entertainment, a member of the Board of Directors of DeepGreen Metals, and a lead investor in Nude Beverage Group.

Commenting on the formation of the Strategic Advisory Board, Rich Munson, CEO of the Company, said, "Greg Barnes, our Executive Vice President Operations, and I are very excited to gain access to Paul and Brian to move Sandspring and its flagship Toroparu Project forward. Their unique skillsets, together with those of our new Executive VP Finance / CFO, Bassam Moubarak, provides us with a world class team to guide ongoing development of the world class gold resource at Toroparu. The new focus and rebranding at this time of renewed interest and strength in the gold market will significantly enhance and refresh the long term focus Greg and I have had on unlocking the value of the Toroparu Project to the benefit of all of our longstanding and new shareholders."

The Company further announces an aggregate grant of 7,275,000 stock options to certain directors, officers, employees, and consultants of the Company exercisable at $0.27, expiring 10 years from the date of grant, subject to regulatory approval.

Name change and share consolidation

The Company announces its intention to change its name to Gold X Mining Corp. following its annual general meeting and to consolidate its shares on an 8 to 1 basis. The Company's rationale for consolidating its shares is to become more accessible to global institutional investors.

[drbubb]

On the ssp board, there a recent video

posted November 17, 2019 04:30 pm  by  Brioche

 

(37)

With a Rich Munson interview . He says Toroparu will be in production in 2021. ( 3'20 ) . ????   They need 272 mil usd +WPM ( 100) for the mine to be built. Gcm is now a" control person...read more

[drbubb]

Sandspring Resources Receives Shareholder Approval for Gran

Sandspring Resources Receives Shareholder Approval for Gran Colombia Gold Corp. as a "Control Person"

V.SSP | November 6, 2019

DENVER and VANCOUVER, British Columbia, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) (“Sandspring” or the “Company”) announces that the Company has received shareholder approval at its annual general meeting for Gran Colombia Gold Corp. (“Gran Colombia”) as a “Control Person” of the Company.  Gran Colombia was issued 5,200,000 Subscription Receipts (“Receipt”) as part of its participation in the June 12, 2019 placement.  The Receipts automatically converted upon the Company receiving shareholder approval.  Each “Receipt” is convertible into one common share and one share purchase warrant entitling them to purchase one additional share at C$0.165 until June 12, 2024.  Upon conversion, Gran Colombia now owns 58,500,000 common shares and 37,000,000 share purchase warrants of the Company.

. . .

About Sandspring Resources Ltd.

Sandspring Resources Ltd. is a Canadian junior mining company currently moving toward a feasibility study for the Toroparu Project in Guyana, South America with 7.4 million ounces of gold in the Measured and Indicated categories. A Preliminary Economic Assessment study (Preliminary Economic Assessment Report, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated July 18, 2019 completed by SRK Consulting (U.S.), Inc.,) (the “PEA”) available on SEDAR (www.sedar.com) and on the Company’s website (www.sandspringresources.com). Sandspring also holds a 100% interest in the Chicharrn Project located in the Segovia-Remedios mining district, Antioquia, Colombia. Additional information is available at www.sandspringresources.com or by email at sandspringinfo@sandspringresources.com.

Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=30379895#rZjPBBeylg45LJ52.99

[drbubb]

A lot of RETRACEMENT has taken place

SSP / Sandspring Res.  2 yrs .. / Last: $0.255

[drbubb]

GLDX.t ... update :

xx

Sandspring morphs into Gold X - Mining Journal

https://www.mining-journal.com › feasibility › news › sandspring-morphs-...

4 days ago - Sandspring morphs into Gold X. Vancouver, Canada-based gold explorer Sandspring Resources has rebranded itself as Gold X Mining.

[jerpy]

On 12/3/2019 at 6:11 PM, drbubb said:

GLDX.t ... update :

xx

Sandspring morphs into Gold X - Mining Journal

https://www.mining-journal.com › feasibility › news › sandspring-morphs-...

4 days ago - Sandspring morphs into Gold X. Vancouver, Canada-based gold explorer Sandspring Resources has rebranded itself as Gold X Mining.

Strong start. The rebranding left me a bit too hesitant (or was it cynical ha).

[drbubb]

Comparison charts... the correction of GLDX & other stocks may be over

GLDX vs, etc... update / GLDX.t: C$2.10 vs. GDXJ: $38.26 = Ratio: 5.49%

RATIO: 5.49%

GLD-etc. update / Last;

[drbubb]

Bought some GLDX - at C$2.05.

Just about ON THE LONG TERM SUPPORT LEVEL

[drbubb]

Interview with Investor Insider, Brian Braga - who bought 6% of GLDX

GLDX vs-GCM.t ... update: Last :$2.20 / $5.40 : xx%

xx

He likes the valuation of Gold-X, and thinks a takeover can happen... at a much better price

With a  10 Million oz resource, and a market cap of.... xx

... It looks like one of the cheapest ways to play a large Gold deposit

MP3: https://static.tfmetalsreport.com/audio/2019-12/tf-metals-report-20191203-4b5402.mp3

SPECIAL PODCAST: A look at Gold X Mining Corp with Brian Paes Braga

Brian Braga works as Principal, Head of Merchant Banking at SAF Group, a leading structured credit and merchant banking group which builds, invests, finances and advises high growth companies. He’s also on several boards, including serving on the Board of Directors at Thunderbird Entertainment Group Inc., a Vancouver-based content production studio, and on the Board of Directors for metals company, DeepGreen Metals Inc.

MP3•Episode home

By TF Metals Report Support and TF Metals Report.

 

I think I may have come across an interesting situation here. When you have a few minutes, please give a listen to this interview. The company in question is called Gold X Mining Corp and the guest is Brian Paes Braga, who previously ran a company called Lithium X and now serves on the Strategic Advisory Board of Gold X Mining. This company was previously known as Sandspring Resources and, as you...

 

Brian Paes-Braga: Lithium Resource Entrepreneur Turns His Attention to the Media Industry

Brian discusses the sale of Lithium X Energy and how he feels very fortunate to be surrounded by the best people in the business like Frank Giustra and Paul Matysek. He says, “Like anything in life, it’s all about the quality of the people and the ambition that drives them.” He explains his new project as chairman of Thunderbird Entertainment (TSX.V:TBRD) and how they plan on leveraging the billion-dollar video on demand media industry. Thunderbird is growing rapidly, and they have a great management team, an excellent CEO, along with 50 million in revenue. Time Stamp References: 1:20 - Building of Lithium X and sale. 3:30 - Business relationships with good people. 6:40 - His background and forming Lithium X. 12:45 - Attracting mentors and highly talented people. 16:10 - Overview of Thunderbird Entertainment 24:00 - Reasons for being publicly listed.

 

 

[drbubb]

Gold X Mining Corp. Provides Update on its Exercise of its Option to Purchase 100% Ownership of its Flagship Toroparu Asset

GlobeNewswire

DENVER and VANCOUVER, British Columbia, Dec. 30, 2019 (GLOBE NEWSWIRE) -- Gold X Mining Corp. (GLDX)(otcqx:SSPXD) ("Gold X" or the "Company") announces that the Company currently has in escrow US$20 million from the debenture offering announced on December 4, 2019, which funds are to be used to exercise the Company's option to purchase the Toroparu property ()Option"). The funds will be released from escrow upon satisfaction of all required closing conditions.

The Company and Mr. Alfro Alphonso ("Mr. Alphonso") have mutually agreed to a closing date of January 30, 2020 for the exercise of the Option which will result in Gold X owning 100% of its flagship Toroparu asset.

Mr. Munson noted: "Reaching this significant milestone with the continuing support of our key financial partners reflects the strength of their collective view that this significant gold resource is poised to move toward development and construction. Gold X was Wheaton's first early deposit transaction with a junior when the initial streaming contract was signed in 2013 and they have remained a strong and valuable partner since then. Frank Guistra and the Fiore Group first invested in 2015 and then the third member of the financial partnership team, Gran Colombia Gold, joined in 2018. Now with the recent addition of the Lithium X team of Paul Matysek, Brian Paes-Braga and Bassam Moubarak, Gold X has all the elements in place to make significant strides forward in 2020 and beyond."

===

Stock jumped, then slid back / GLDX: 2.20 UNCH. O: 2.29, H: 2.45, L: 2.20… vol. 322,895

[drbubb]

Another good Buying window for GLDX?

GLDX ...10-yr: 4-yr: 2-yr: 1-yr: 6mo: 10d / Last: C$2.01

[drbubb]

Gold X Mining has shuffled management and is seeking more cash for its Toroparu gold project in Peru.

[drbubb]

GLDX Popped with some interesting News; Mining Legend joins board

GLDX ... 6mo: 10d : w/GCM / Last: C$3.35 +0.15

Date ET	Symbol	Price	Type	Headline
2020-06-22 10:42	C:GLDX	2.83	News Release	Gold X appoints Friedland as non-executive chairman
2020-06-22 10:37	C:GLDX	2.83	Resume Trading	Gold X Mining to resume at 8 a.m. PT
2020-06-22 09:05	C:GLDX	2.83	Halt Trading	Gold X Mining halted at 6:03 a.m. PT

GOLD X ANNOUNCES THE APPOINTMENT OF ROBERT FRIEDLAND AS NON-EXECUTIVE CHAIRMAN

Gold X Mining Corp. has appointed Robert Friedland as non-executive chairman of Gold X. Gold X's current chairman and chief executive officer, Paul Matysek, will relinquish the chairman role but will remain a director and its CEO.

Mr. Matysek commented: "The great Michael Jordan once said, 'Some people want it to happen, some wish it would happen, others make it happen.' Robert Friedland has crafted a life of success after success and I'm thrilled that he has joined our board as chairman to keep making it happen for Gold X and our valued shareholders."

Mr. Friedland continued: "Paul and I had the pleasure to work together very successfully at Potash One, where I was the chairman, and which we sold in a friendly transaction for $434-million cash in 2011. Paul's team is now developing an important gold project in Guyana, a beautiful country of which I am very fond and with which I have had a long experience. Given the state of the financial markets, and the large existing and open-ended geological potential of this project, I am happy to join Paul and his team at Gold X to lend a hand."

About Mr. Friedland

Mr. Friedland is the founder and currently executive co-chairman of Ivanhoe Mines, which is developing three world-scale mines in Southern Africa -- Kamoa-Kakula, Platreef and Kipushi. He also is chairman and co-founder of I-Pulse, a private technology company; the chairman and CEO of High Power Exploration, a private mineral exploration company; co-chairman of Clean TeQ, an Australian Securities Exchange listed developer of the Sunrise nickel-cobalt-scandium deposit in Australia; and co-chairman of SK Global Entertainment as well as co-founder and chairman of Ivanhoe Pictures.

For more than 25 years, he has been recognized by leaders of the international financial sector and mineral resource industries as an entrepreneurial explorer, technology innovator and company builder.

[drbubb]

Gold-X: GLDX.t (ex.SSP) - 18% owned by GCM.t

GLDX.t -vs-GCM.t/ .... update / Last: $4.14, vs. $6.88 : Ratio- 60.2% @7.01.20

==