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Comstock Metals Ltd V.CSL.H

Alternate Symbol(s):  CMMMF

Comstock Metals Ltd. is a Canada-based company. The Company is focused on identifying new opportunities. The Company is considering various options, including the acquisition and exploration of new projects.


TSXV:CSL.H - Post by User

Post by Wangotango67on Jun 22, 2019 8:19pm
135 Views
Post# 29853149

COMPILATION OF ( COMSTOCK'S CASH HOLDINGS + WORTH )

COMPILATION OF ( COMSTOCK'S CASH HOLDINGS + WORTH )COMSTOCK'S RECENT CASH UP 
$96K - OLD CABIN
$164k - DESARROLOS ( still has .05% net smelter royalty ) 
$375K - QV PROJECT - did Comstock retain a net smelter royalty ?
1,500,000 shares of White Gold which is curremtly trading @ $1.20 
Plus...375k warrants of...White Gold...@ $1.50 ( exercisable ? )
Few Million shares = E3 Metals trades @ $.42 cents



In a former press release by, La Ronge ( now ) Select Gold.
There was a company interested in, South Preview anc wanted to drop .14 cents @ 20 mil shares.
That was several years ago...much more drilling has been performed.
Obviously there value in Comstock's gold package...

A poster on this board has also stated...
Comstock's OTHER CASH HOLDINGS - i can't access sedarcon his tab so I'll repost but, i i myself 
can't verify how much cash Comstock has at present...
$3,493,749.00 ?

Given the trade action of s many shares vent traded...
BOT override ?
Or...Interested Party in, Comstock ?

COMSTOCKS GOLD RESOURCES ( me thinks they should be updated ) 
COMSTOCK has done more drilling + these numbers are from La Ronge ( lol )
COMSTOCK - a mule for larger later nearby...?
TIME TO UPDATE A NEW RESOURCE USING.. ANOTHER COMPAMY TO RECALCULATE.
THE PREVIOUS POST ( HISTORICAL MAP POST ) SHOWED 5.76 GRAMS INFILL DRILLING.
WHILE - COMSTOCKS IS USING 1.89 GRAMS....lol

  • Indicated resources containing 158,300 ounces of gold (2.61 million tonnes grading 1.89 g/t Au) based on a 0.50 g/t Au cut-off grade.
 
  • Inferred resources containing 270,800 ounces of gold (5.70 million tonnes grading 1.48 g/t Au) based on a 0.50 g/t Au cut-off grade.


DACRE WROTE

48% Insider Ownership

Well, if I've done my "napkin calculations" correctly, insiders of CSL own a significant stake of the company at approximately 48% with the largest holders being Select Sands with 23,000,000 shares and Greentree Investments holding another 10,400,000.  I only included actual shares and not options and warrants.

 Management also hold significant stakes ranging from a few hundred thousand shares to a few million with Rasool Mohammad holding close to 5 million and Steven Goldman, through various entities, holding over 2 million.  Always a positive sign when management has "skin in the game" and benefits as well from positive developments.

Read more at https://stockhouse.com/companies/bullboard?symbol=v.csl&postid=29304776#gupwRsxgeheVqst5.99


SUPER MONEY WROTE - 

CSL

Based on the following financial report:

https://www.sedar.com/CheckCode.do

As of December 31, 2018, the Company has working capital of $3,493,749. This is higher than the current market Cap ($3.2 million), which means the current share price may likely have been distorted by the market given the company also has good assets/projects with great potentials. 

As an observation, ITG (14) has been selling very small amount of shares at 0.035 every few minutes. Please see the following tradings at:

https://www.stockwatch.com/Quote/Detail.aspx?symbol=CSL&region=C

Recent Trades - Last 10 of 20
Time ET Ex Price Change Volume Buyer Seller Markers
10:42:05 V 0.035   5,000 7 TD Sec 14 ITG K
10:37:04 V 0.035   5,000 7 TD Sec 14 ITG K
10:32:02 V 0.035   5,000 7 TD Sec 14 ITG K
10:27:00 V 0.035   5,000 7 TD Sec 14 ITG K
10:21:59 V 0.035   5,000 7 TD Sec 14 ITG K
10:16:57 V 0.035   5,000 7 TD Sec 14 ITG K
10:11:57 V 0.035   5,000 7 TD Sec 14 ITG K
10:06:55 V 0.035   5,000 7 TD Sec 14 ITG K
10:01:54 V 0.035   5,000 7 TD Sec 14 ITG K
09:56:53 V 0.035   5,000 7 TD Sec 14 ITG K

However, although ITG keeps selling at 0.035, the bids at 0.035 are surging up now. Clearly, people are accumulating the cheap shares at 0.035 from this seller. Once the strange seller (ITG) is gone, the market will likely correct the share price instantly. 

GLTA.

Warning: this is only my opinion/observations. It is NOT any investment advice. Do your own DD.

Read more at https://stockhouse.com/companies/bullboard?symbol=v.csl&postid=29443703#j8HmavIElIv6JKLQ.99






DACRE POSTED - 












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