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Camrova Resources Inc V.CAV.H

Alternate Symbol(s):  BAJFF

Camrova Resources Inc. is a Canada-based mining company. The Company operates in one business segment, being the acquisition, exploration and development of resource properties. It has a minority investment in the El Boleo copper-cobalt-zinc-manganese deposit located near Santa Rosalia, Baja California Sur, Mexico. In addition, the Company intends to investigate and potentially pursue alternative project opportunities.


TSXV:CAV.H - Post by User

Bullboard Posts
Comment by mining_pays_my_billson Aug 10, 2014 11:59pm
317 Views
Post# 22826981

RE:RE:RE:ALSO ROME WASN'T BUILD IN ONE DAY!!!!!!

RE:RE:RE:ALSO ROME WASN'T BUILD IN ONE DAY!!!!!!BAJ is a minority owner in ONE, count 'em, ONE operation globally.... which isn't even an operation yet because construction isn't done. They don't have a lot going on. What news do you want them to release? "Today one employee ate part of another's lunch, even though it was clearly marked as belonging to someone else."?? There's not much to say until construction is done. And, yes, it can be like watching paint dry. I personally think BAJ has been quite good at keeping us in the know as to what's progressing at site, and what the bottlenecks are. Try to find a single news release by KORES about what's going on on site. I can't find one. And they're a 90% owner, so if they can't be bothered to inform their shareholders, I think BAJ is doing pretty good. And, let's keep something else in mind- BAJ is merely a holding company, in that they own 10% of the shares of MMB. MMB owns and is constructing the mine. BAJ has no staff on site, and no ability to influence decisions or schedule. They release information to us when they get it from MMB. That's why all their NRs start off with: "MMB has informed BAJ that..." So, unless shareholders want to pay to have one of our Board of Director members at site watching everything and reporting back as things develop, we're just gonna have to wait until the forces that be (MMB) inform BAJ, and they in turn, inform us. It may be that copper circuit construction is done, the news we've all been waiting for. But, where are our "boots on the ground" to confirm that? We don't have any, so we wait until MMB tells us. I am not surprised in the slightest with the way construction/commissioning is progressing. One of Kores other projects, Ambatovy, announced in January 2014 they finally reached 70% nameplate capacity, 2 years after construction completed. Albeit, that's a much bigger mine, and a more challenging operation, but it goes to show, like Benzo said "It's not like bolting a screw." That's why you should invest in things you understand. If you're in mining you know these things take time, in the best of cases, and more often than not there are surprises that can extend construction/commissioning beyond what you expect. Even the owners/operators can't foresee every roadblock they may encounter, so even their timelines are to be taken with a grain of salt. I know that, I've seen it a hundred times, so I'm not surprised by what's going on here, and I'm not panicking or selling my shares based on it. If you don't understand that or expect that, if this is scaring you, then maybe this type of investment is not for you. The only thing that ever worried me in the whole BAJ story was the financing- I don't work in finance, I don't understand it well. Construction and commissioning do not bother me. In my opinion this project is pretty well de-risked. This is the easy part right now. We just have to wait- that should be easy enough. And whether ownership is 10% or 7% or even 5% I'm happy. The company is grossly undervalued at today's price. Any more than about 2% ownership merits a higher market cap than we have now. As always, this is my personal opinion based on my experience. There are always surprises, and if this ends up being one, if we end up with no ownership in this mine, I will readily admit that I made an error in judgement, but in my opinion, things look rosy for BAJ. Make your own decisions based on your own due diligence.
Bullboard Posts