Firstly, and by way of a preamble, let’s look some of the recent issues around Colossus Minerals (CSI.to). We can sum up what we need to consider in the following way:
- CSI.to has a gold project in South America (Brazil)
- It’s a well-known artisanal mine in the area
- The project has rich gold-bearing mineral and drilling in the right place is all but guaranteed to return excellent grades
- The area has serious political issues, especially with the local artisanal miners, that the company either ignores or claims are not important
- Sheldon Inwentash of Pinetree is on board with a sizeable investment
- The recent upmove in the stock price has come on the back of press releases containing those excellent drill returns and a concerted PR campaign (that has totally ignored the political risk) from people like….Sheldon Inwentash. I particularly loved the way he said that CSI.to was “almost too good to be true”….a real hoot! Here’s the three month chart of CSI.to
- CSI.to has a gold project in South America (Paraguay)
- It’s a well-known artisanal mine in the area
- The project has rich gold-bearing mineral and drilling in the right place is all but guaranteed to return excellent grades
- The area has serious political issues, especially with the local artisanal miners, that the company either ignores or claims are not important
- Sheldon Inwentash of Pinetree is on board with a sizeable investment.
….especially considering LAT.v went way above a loonie once upon a time when the company got pumped by the normally astute Coffin Brothers (hey…nobody’s perfect), but that’s the point of considering it as a possible splash’n’dash investment right now. Better to be chased than to chase in this game. Also, LAT.v isn’t an exact apples-to-apples with CSI.to as it has its own baggage (including diamond-hunting and that very silly lithium potash thing in Argentina that they might use to throw stardust into the eyes of the unsuspecting), but what is true is that our Sheldon has been picking up chunks of LAT.v in the last couple of months:
Mar 27/09 | Mar 20/09 | Pinetree Capital Ltd. | Indirect Ownership | Common Shares | 10 – Acquisition in the public market | 100,000 | $0.180 |
Feb 26/09 | Feb 17/09 | Pinetree Capital Ltd. | Indirect Ownership | Common Shares | 10 – Acquisition in the public market | 434,500 | $0.204 |
Feb 13/09 | Feb 04/09 | Pinetree Capital Ltd. | Indirect Ownership | Common Shares | 10 – Acquisition in the public market | 100,000 | $0.145 |
Feb 11/09 | Feb 02/09 | Pinetree Capital Ltd. | Indirect Ownership | Common Shares | 10 – Acquisition in the public market | 200,000 | $0.134 |
Feb 04/09 | Jan 26/09 | Pinetree Capital Ltd. | Indirect Ownership | Common Shares | 10 – Acquisition in the public market | 50,000 | $0.080 |
Feb 02/09 | Jan 23/09 | Pinetree Capital Ltd. | Indirect Ownership | Common Shares | 10 – Acquisition in the public market | 51,000 | $0.080 |
Jan 30/09 | Jan 22/09 | Pinetree Capital Ltd. | Indirect Ownership | Common Shares | 10 – Acquisition in the public market | 150,000 | $0.080 |
Jan 23/09 | Sep 19/08 | Pinetree Capital Ltd. | Indirect Ownership | Warrants | 00 – Opening Balance-Initial SEDI Report | ||
Jan 23/09 | Dec 23/08 | Pinetree Capital Ltd. | Indirect Ownership | Common Shares | 10 – Acquisition in the public market | 74,000 | $0.075 |
Jan 23/09 | Dec 19/08 | Pinetree Capital Ltd. | Indirect Ownership | Common Shares | 10 – Acquisition in the public market | 400,000 | $0.063 |
The bottom line is that although LAT.v is more than a bit suspect as a long term investment (errr…that’s putting it as diplomatically as possible…I’ve been trying hard to avoid the S word while writing about both CSI.to and LAT.v today) it may be about to get the full-court Canadian pumperooney treatment. I personally have this whole BS integrity baggage that stops me from buying into these things normally, but there are times when I tell myself to “lighten up dude…just buy a few…it ain’t illegal” and I might just do that this time. This kind of attempt to second-guess the market is a high risk activity, get that straight in your head and crystalline in its clarity, but LAT.v does have the hallmarks of being set up for the mark right now. We shall see.
Über-important to DYODD on this one, dudettes and dudes; check out that latest press release and if you speak Spanish I’d recommend that you Google “Paso Yobai Paraguay” and find out more about the local issues involved with the project.