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Scottj88
10-26-2010, 01:55 PM
Silver Spruce Resources has just had 500k shares traded so far on the day with a 17.53% gain so far....

Whats the deal with the 500k shares?? The previous 100day high in share volume was ~200k... anyone know what is going on here?

Bring the Gold
10-26-2010, 02:38 PM
No I don't know why but mentioned them in the REE thread as they explore gold/silver/uranium and REE.

Scottj88
10-26-2010, 02:44 PM
Its now up 30% on 722,000 shares traded...

Shares are being bought in the 100,000 quantity for the past 300,000 it seems... inside knowledge?? Could this be an indication for this stock? Or could this be pumping.. i mean its WAYYY out there on its volume and its all in big transactions.... whats the deal? Anyone have any input?

Bring the Gold
10-26-2010, 02:55 PM
Its now up 30% on 722,000 shares traded...

Shares are being bought in the 100,000 quantity for the past 300,000 it seems... inside knowledge?? Could this be an indication for this stock? Or could this be pumping.. i mean its WAYYY out there on its volume and its all in big transactions.... whats the deal? Anyone have any input?
They had IMO, quite good results of some of the most expensive HREE's from their grab sample at Pope's Hill. If I were to guess I would say they are going to option the land with a bigger REE company. It could also be something due to their gold/silver or uranium exploration.

It is also possible there is a pump and dump going on. When those happen you almost always see the spike first thing in the morning, but who knows

I will be watching closely as I have 25,000 shares I've been accumulating for the past few weeks based on their REE's. They are on the first page of my REE thread as a "swing for the fences" very high risk/high reward play. They have no debt and decent management. Combined with their REE samples I thought they were worth a swing. I also doubled down on weakness a week or two ago as they didn't go up with the other REE's in the sector.

Bring the Gold
10-26-2010, 03:09 PM
They had IMO, quite good results of some of the most expensive HREE's from their grab sample at Pope's Hill. If I were to guess I would say they are going to option the land with a bigger REE company. It could also be something due to their gold/silver or uranium exploration.

It is also possible there is a pump and dump going on. When those happen you almost always see the spike first thing in the morning, but who knows

I will be watching closely as I have 25,000 shares I've been accumulating for the past few weeks based on their REE's. They are on the first page of my REE thread as a "swing for the fences" very high risk/high reward play. They have no debt and decent management. Combined with their REE samples I thought they were worth a swing. I also doubled down on weakness a week or two ago as they didn't go up with the other REE's in the sector.
From their recent news in mid October:

http://www.silverspruceresources.com/s/NewsReleases.asp?ReportID=423325&_Type=News&_Title=Silver-Spruce-Updates-Fall-Exploration-Big-Easy-Rambler-South-Popes-Hill-Lo...


Popes Hill REE Property
Follow-up ground work that evaluated the REE showings found by prospecting in 2006 was carried out over a three day period by a four man crew. REE values appear to be associated with thorium rich phases of magnetite bearing intrusive rocks. Thirty-two (32) samples, from bedrock and angular float boulders, show high radioactivity levels giving scintillometer readings from 1,000 to 7,500 cps. Samples were shipped to Actlabs in September. Results will be released when received.

Insider knowledge maybe? Quite a bit of Insider buying in September: http://canadianinsider.com/coReport/allTransactions.php?ticker=SSE.V

chartsrgood
10-26-2010, 03:15 PM
fwiw

I went to their web page looking for basic financials and could not find zip. No recent quarterly report is on there that I saw.

Under investor relations faq's they have a cash position from 2008 as an answer to what is the cash position of the company if I recall the question correctly.

Bring the Gold
10-26-2010, 03:28 PM
fwiw

I went to their web page looking for basic financials and could not find zip. No recent quarterly report is on there that I saw.

Under investor relations faq's they have a cash position from 2008 as an answer to what is the cash position of the company if I recall the question correctly.

Their website sucks. They do have SEDAR filings here: http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00010130

Bring the Gold
10-26-2010, 03:33 PM
Their website sucks. They do have SEDAR filings here: http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00010130
They have about 200k in debt according to that filing and are operating at a loss. This isn't unusual for an explorer and is why they are considered the riskiest tier of stocks in the mining sector. Definitely something you only buy if you are ok with high risk. Certainly not a long term hold or core position and only should be bought if you are basically gambling. I knew this when I bought it and nothing has changed that stance yet. At it's current price I consider it a sell or hold fwiw.

chartsrgood
10-26-2010, 03:45 PM
Their website sucks. They do have SEDAR filings here: http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00010130

Thanks BTG. Mentioned it because it seems kind of weird.

I went to the link...
and found a bunch of "news release-English" links. Some financials Might be on one of them.

Feel like an idiot having to go through hoops to find some Simple reasonably up to date numbers.

Why management is making it difficult to find some simple numbers I don't have a clue.

Bring the Gold
10-26-2010, 03:50 PM
Thanks BTG. Mentioned it because it seems kind of weird.

I went to the link...
and found a bunch of "news release-English" links. Some financials Might be on one of them.

Feel like an idiot having to go through hoops to find some Simple reasonably up to date numbers.

Why management is making it difficult to find some simple numbers I don't have a clue.

I agree and is one reason I didn't get super excited about them within the REE space. The September interim financial filing is the one I was using. Third one down on SEDAR. You are very good at getting down to the brass tacks on things. I've always been a better macro person than detail person. I always admire those who can cut right to the heart of the details that really matter. I like your posts in Will's thread. Good stuff.

chartsrgood
10-26-2010, 04:04 PM
I agree and is one reason I didn't get super excited about them within the REE space. The September interim financial filing is the one I was using. Third one down on SEDAR. You are very good at getting down to the brass tacks on things. I've always been a better macro person than detail person. I always admire those who can cut right to the heart of the details that really matter. I like your posts in Will's thread. Good stuff.

I did not see the interim financials link on the page! How I missed it I don't know, but I did. I'll look at it later.

chartsrgood
10-26-2010, 04:21 PM
The financials looked ok to me, from what I saw. Maybe I missed something again, lol. The assets were a good distance ahead of the liabilities, but do not quote me on that, lol.

Time for moi to take a break....

chartsrgood
10-26-2010, 04:30 PM
I just saw REE was trading at 110 and something.

OOPs, never mind. Did not see where the decimal point was. I was only off by one decimal place.(lol)
_______________
Not trying to start any rumors..........

REE currently closed at eleven dollars and change.

Bring the Gold
10-28-2010, 11:26 AM
They had IMO, quite good results of some of the most expensive HREE's from their grab sample at Pope's Hill. If I were to guess I would say they are going to option the land with a bigger REE company. It could also be something due to their gold/silver or uranium exploration.

It is also possible there is a pump and dump going on. When those happen you almost always see the spike first thing in the morning, but who knows

I will be watching closely as I have 25,000 shares I've been accumulating for the past few weeks based on their REE's. They are on the first page of my REE thread as a "swing for the fences" very high risk/high reward play. They have no debt and decent management. Combined with their REE samples I thought they were worth a swing. I also doubled down on weakness a week or two ago as they didn't go up with the other REE's in the sector.
From the REE thread:


Good news from Silver Spruce.

Silver Spruce Reports on Results for REE analysis at the Popes Hill Property and Results of Exploration on the Lobstick Property
Thursday 10/28/2010 9:03 AM ET - Thenewswire.ca

Related Companies
Symbol Last %Chg
SSEBF 0.1174 15.10%
As of 10:53 AM ET 10/28/10

(via Thenewswire.ca)

Highlights:

-Popes Hill - high grade values in TREEs plus Y with values to 24.07 % incl. 1.63 % HREE's

-REE mineralization associated with shearing, thorium rich areas and magnetite bearing units

-Area unexplored for REEs with strike potential of approximately 80 km

-Acquisition of a total of 1297 claims (324 km2) to protect the on-strike extensions of the favourable units

October 28, 2010 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce the results of first pass prospecting and geological mapping on the company's road accessible Pope's Hill (PH) rare earth element (REE) and the Lobstick (LS) uranium properties in Labrador. The PH property is 100% owned by Silver Spruce (News Release May 6, 2010), while the LS property is held under option.

Popes Hill (PH)

The original PH property consisted of 62 claims (1,550 ha) located in the Pope's Hill area, approximately 100 km from Goose Bay, along the paved portion of the Trans Labrador Highway (TLH), acquired by staking in May 2010. Uranium, thorium and REE mineralization was located by the President of Silver Spruce, Lloyd Hillier, in 2006 while prospecting for uranium. Values up to 7.9% total rare earth elements plus yttrium (TREE+Y) with HREEs up to 15% of the TREE and values up to 0.46% zirconium, and 0.22% niobium, were located, with three samples giving values > 1% including two (2) samples > 5% TREE+Y. The samples anomalous in REEs also showed elevated thorium values with the highest thorium and REE values coincident (News Release May 6, 2010). The rock units are granitic to mafic gneisses of late Paleoproterozoic age, with some pegmatites noted. A linear monzonite body lies just to the north.

Follow up prospecting and sampling using scintillometers to locate radioactive areas, especially Th rich zones, was completed by a four man SSE crew in mid September with a total of 39 rock samples sent for analysis. All of the samples collected gave anomalous REE and Th values with twenty two (22) giving values over 1% TREE+Y, including 16 > 5%, and 5 > 10% with a high value of 24% TREE+Y. Two of the highest values (> 10 %), were outcrop samples while the other three were from locally derived, angular float. Samples are mostly rich in light rare earth elements (LREE), but the more anomalous values give higher values in heavy rare earth elements (HREE) up to 7.5% percent of the REEs. The highest values were located in a sheared, dark grey to black, mafic intrusive / metamorphic unit which contains magnetite and pyrite (2-4%), and is magnetic and porphyroblastic. Values varied from a low of 0.07 % to a high of 24.07 % averaging 5.73 % TREE+Y for the 39 samples.

Individual high values for the elements, all in sample 941432, were: La - 5 %, Ce - 9.7 %, Pr - 1.08 %, Nd - 3.85 %, Sm - 0.70 %, Eu - 213 ppm, Gd - 0.56 %, Tb - 828 ppm, Dy - 0.47 %, Ho - 875 ppm, Er - 0.23 %, Tm - 283 ppm, Yb - 0.14 %, Lu - 175 ppm, with a Y value of 2.11 % for TREE+Y of 24.07 %. In this sample LREEs were 20.34 % (92.6 % of the TREEs) and HREEs were 1.63 % (7.4 % of the TREEs) for a total 21.97 % REEs. Other significant values in this sample included: Nb - 911 ppm, Zr - 604 ppm, Th - 0.63 % and U - 461 ppm.

High values in the other elements associated with the more highly anomalous REEs were: U - 261 ppm, Ta - 90.6 ppm, Zr - 2.33 %, and Nb - 0.59 %. Discussion with Actlabs, who analyzed the samples, indicates that phosphorus values are high (> 0.3% P2O5) in 20 of the samples and given the capacity of this element to interfere with Nb and Ta analyses, these values should be considered mininium values. Ta and Nb are being re-analyzed to address this problem and provide more accurate values for the Nb and Ta. All of the REE bearing samples are sheared, are moderately radioactive with significant Th content and minor uranium values (< 100 ppm) and contain magnetite, some up to 50 % plus of the rock. No work has been carried out to characterize the minerals associated with the rare earth elements to date. A summary of the REE and associated values is available here:

To View Table, Please Copy and Paste URL Below:

http://www.silverspruceresources.com/i/pdf/2010-10-27_NRF1.pdf.

Grid work and a magnetometer survey, to trace the magnetic units which appear to carry the mineralization, is planned to evaluate the original property this fall or winter. Mineral identification studies will be used to characterize the minerals that host the rare earths.

A total of 1297 claims (324 km2) were acquired to protect the on-strike extensions of the mineralized zone which is believed to be associated with a regional shear zone in the gneisses which extends for in excess of 40 km to the northeast and 40 km to the southwest of the highway and the original showings. The property, with the original 62 claim, road accessible, property included, now totals 1359 claims (approx. 340 km2).

Lobstick (LS)

A four man field party was mobilized to the LS property in late September. Follow up was targeted at the easily accessible, coincident U radiometric and lake sediment anomalies, and the high La / Be lake sediment anomalies which were considered to be indicative of REE potential, in the southern part of the property. Outcrop exposure was poor with glacial till with extensive boulders mainly of granitic units. These boulder fields were weakly to moderately radioactive and were found in most areas of high radioactivity as shown on the airborne maps. A total of 85 rock samples were taken. No significant mineralization, either uranium or REEs was located in the course of the work. No further work is recommended and the option on the property will be terminated.

Compilation maps showing the property locations, plus a compilation map and pictures of the Pope's Hill area can be viewed on the company website www.silverspruceresources.com.

Analyses on the Pope's Hill rock samples in 2006 were carried out at the ACME Laboratories facility in Vancouver, BC after sample preparation at Eastern Analytical in Springdale, NL. They were analyzed by a REE package (Group 4B REE), which consists of a

0.2 g sample treated by a LiBO2 fusion followed by an ICPMS finish. All rock analyses are being carried out at the Activation Laboratories (Actlabs) facility in Ancaster, Ontario after sample preparation at their facility in Goose Bay. The analysis is by their Code 8 REE package which uses a lithium borate fusion and then analysis by either ICP or ICP-MS. Values were checked by Actlabs using internal standards.

ABOUT SILVER SPRUCE

Silver Spruce is a junior exploration company originally focused on uranium in the Central Mineral Belt (CMB) and elsewhere in Labrador, Canada. With interests in more than 7,500 claims totaling more than 1,750 square kilometers in Labrador, Silver Spruce is the second largest landholder in one of the world's premier emerging uranium districts. The company also has gold/silver projects in Mexico and the island of Newfoundland, and rare earth element (REE) properties in Labrador, making Silver Spruce a leading explorer in Canada and Mexico.

This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.

I bought 15,000 more shares today on this news. Drill results from this property could be spectacular.

WARNING: This is a highly speculative play as this stock is an explorer!!! DYODD and buy at your own risk. IMO it's worth buying with risky money, not with money you can't afford to lose!

Bring the Gold
10-29-2010, 04:19 PM
From the REE thread:



I bought 15,000 more shares today on this news. Drill results from this property could be spectacular.

WARNING: This is a highly speculative play as this stock is an explorer!!! DYODD and buy at your own risk. IMO it's worth buying with risky money, not with money you can't afford to lose!
SSEBF up another 14% today. I believe it's REE grab sample results are the driver. Best forming stock in my REE stable today. Good luck to all!

Please see previous posts about risks and make an informed decision!