MILL VALLEY, CALIFORNIA – Oil, gold, copper – they are all on the road.
There are so many prospectors coming through town this early summer, I feel as gutted as a WORLD CUP goalie getting rammed on free kicks.
Coming through this week: some Texas oil boomers. A British Guyana gold and copper clan. Natural resources are on the road.
This morning (Monday) at Dipsea Café in Mill Valley, I met with Richard Andrews, founder and chairman of oil and gas producer and prospector Lynden Energy (Texas and Utah). The Dipsea is a restaurant named to 
honor the Dipsea Race over Mount Tamalpais and onto Stinson Beach to the Pacific Ocean. Lynden Energy (TSX: V.LVL, Stock Forum) operates across the rich Wolfberry oil (and gas) fields of west Texas. The company has a shot at leveling the plains there and making a bundle for its investors. Lynden just spudded its first well at a fresh prospect, the Mitchell Ranch, where it has a half-interest in 101,000 acres. I am not as well versed in oil and gas as some out there. So I asked someone whose know-how I respect, Keith Schaefer at Oil & Gas Investments in Canada, what he thinks. After all, Lynden shares from a 30-cent private placement just came “free trading” this week, so the Canada-traded shares lost a bunch of price ground. “It’s rare to get 100,000 contiguous acres in the productive areas of west Texas,” Keith told me this morning. “The potential to create a lot of value quickly is there. There is room for several thousand wells on the land package if it’s as successful as they hope.” Lynden’s big investors include Daniel Rice of BlackRock Energy & Resources Fund on the east coast of the USA. BlackRock is a 7% owner and Mr. Rice is known as “the pope.” Says Rich Andrews, “He’s as hard to get an appointment to see as, well, you know.” Pinetree Capital is another shareholder in Toronto. Rich and his wife own a total of 10%. Raul Madrid, a Colombia-leaning geologist from more than a decade ago (Conquistador Gold of 1995 to 2001) owns 1.5%. That’s Raul at left and Rich at right in the photo, mapping it all out for me. (Note: We here at home have yet to purchase shares. Based on the maps, the interview and some third-party inquiries, we are considering Lynden as our first “official” energy investment for the Ticker Trax™ Planetary Prospects. More of a technical nature to come in Ticker Trax.)
- Antioquia Gold (TSX: V.AGD, Stock Forum) just published its latest round of drill results from the Cisneros Project in Colombia. I have been to Cisneros twice representing Ticker Trax™. The company is a speculative target for subscribers; it receives little investor attention for its work on this parcel of Antioquia gold country. This is because ongoing drilling results remain gutted pieces in a small gold puzzle. At the current pace of assays, the gold resource might be no greater than 400,000 ounces. That is not enough to turn heads, let alone wallets. Antioquia Gold points out that its drilling program is only a third completed. I have spoken with the principals of the sub-$20 million market capitalization company. Naturally, they see the potential size of the resource as an ongoing football match. “We are trying to get age and events for the structure,” CEO Rick Thibault tells me from Canada. The pitiful price action of AGD shares? “I have talked to our brokers and they do not understand. We are on Hole 26 and intend to do 75 holes in this program. Look,” Rick says, “we think this is a mineralized structure. What is not to like in this part of Colombia? We are looking for repeatability, where we can show huevos (eggs) – the runs that have, say, a meter at 33 grams of gold -- repeat themselves. We see these in the JV (joint venture) we have with Bob Allen (of vast Colombia gold and copper prospector Grupo de Bullet and Continental Gold (TSX: T.CNL, Stock Forum). We see these in the northern part of our property. When we show more of the pods where the enriched dirt is, like at Red Lake in Ontario, the market will take notice.” (Note: We here at home own the shares as a speculative Colombia target. Thus far, we are l-o-s-i-n-g the speculation.)
- We hope you out there in the Stockhouse audience consider joining our expanding service, now in its 18th month. It is at www.tickertrax.com. Ticker Trax costs money. Needy wanna-be subscribers can petition Stockhouse with a plea and a suggested price for the $399 service at members@stockhouse.com.
For more on our 12 Planetary Prospects, please visit the Ticker Trax™ Library.Thom Calandra owns stakes in each of the Planetary Prospects. Opportunities on our research plate (no coverage guarantees until named as Planetary Prospects) include uranium in Wyoming and gold-copper in British Guyana.
Ticker Trax™
Please see Stockhouse for a selection of our Ticker Trax research and our password-protected library for subscribers. Please see our Ticker Traxpassword-protected library for coverage of copper in Peru, gold in Peru, gold and copper in Colombia, gold in Ghana and silver in Mexico.
(All photos by Thom Calandra. Thom and his family own shares of each of the 12 Planetary Prospects. Thom’s personal holdings are available for all to see on Stockhouse, the Canada publishing company. Subscribers are informed well in advance of any shift in research regarding Planetary Prospects and any purchase or sales decisions.)
Ticker Trax™Please see tickertrax.com to learn more about this wealth service and its Planetary Prospects. For an index of free Thom Calandra articles, please click here. For an entire explanation of our strategies, research methods and disclosure procedures regarding all aspects of Ticker Trax and our Stockhouse reports, please visit our readily available Stockhouse articles. Please see this one in particular: Core Box Revealed. Thom Calandra’s on-site tours of properties are paid in part by the hosting companies and in part by Stockhouse and Thom Calandra. For the password-protected Ticker Traxlibrary, please see: www.tickertrax.com/Login.aspx.
HOLDINGS: Thom’s holdings are listed for Stockhouse members at www.Stockhouse.com under the “portfolio setting” for user TCALANDRA. It is public and free to view. He and his family own recently minted gold and silver coins and shares of about 30 public and two private companies.
THOM CALANDRA of Ticker Trax helps his audience find value in a quagmire of investment choices. Thom co-founded CBS MarketWatch and MarketWatch.com. As the voice of Thom Calandra's StockWatch and The Calandra Report, Thom pegged $300-ounce gold as a long-term hold in 1999 and in 2000. He has been covering life-sciences and natural resources since 1988.
Thom Calandra and Stockhouse produce this and other free reports. Please visit www.Stockhouse.com.
Ticker Trax™ is published by Stockhouse Publishing Ltd. Ticker Trax is an information service for subscribers and neither Stockhouse nor Thom Calandra is a broker or an investment advisor. None of the information contained therein constitutes a recommendation by Mr. Calandra or Stockhouse that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Ticker Trax does not purport to tell or suggest the investment securities subscribers or readers should buy or sell for themselves. Subscribers and readers of Ticker Trax should conduct their own research and due diligence and obtain professional advice before making any investment decisions. Ticker Trax will not be liable for any loss or damage caused by a reader’s reliance on information obtained in the reports. Subscribers and readers are solely responsible for their own investment decisions. Opinions expressed in Ticker Trax are based on sources believed to be reliable and are written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. All information contained in Ticker Trax should be independently verified. The editor and publisher are not responsible for errors or omissions or responsible for keeping information up to date or for correcting any past information. Ticker Trax does not receive compensation of any kind from any companies that may be mentioned in the report. Any opinions expressed are subject to change without notice. Owners, employees and writers may hold positions in the securities that are discussed in Ticker Trax. PLEASE DO NOT EMAIL THOM SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH HE CANNOT PROVIDE. Copyright 2010 all rights reserved.