Bonus Reader Submission: "Canadian Venture V.I.P.s"

Hi folks — this is a submission from a reader that I haven’t yet looked at, so you can follow up for yourselves. Don’t want to delay it while I try to find time, so have at it:

The email ad in question is for the Venture Insider, and you may have seen this one in your email — Luke Burgess promises three great “venture” plays on the Canadian exchange, which are teased out near the bottom of the ad. I’ve seen this email a few times but hadn’t taken the time to look for them. One of my Canadian readers did, thankfully, and here’s what he says:

“I believe that VIP #1 is Adriana Resources (ADI-V) and the President Michael Beley, and CFO Richard Barclay were both involved with Bema Gold which was bought out by Kinross, and Eldorado Gold the big companies to which Burgess alludes. Capitalization = 23,145,614 x $1.12 Cdn = $25.9 million Cdn. An average of 111,700 shares traded daily this past 30 trading days. See http://www.adrianaresources.com/s/Home.asp“

“I think the VIP #2 is Acero-Martin Exploration Inc. (ASD-V) and the property talked about is the Pinaya project in Southern Peru. Capitalization = 41,879,879 x $0.49 Cdn = $20.5 million Cdn. An average of 113,500 shares traded daily this past 30 trading days. See “http://www.aceromartinexp.com/“

“And finally the VIP #3 is Terrane Metals Corp. (TRX-V) and the property talked about is the Mount Milligan Gold-Copper Deposit. Capitalization = 70,566,000 x $0.78 Cdn = $55.0 million Cdn. An average of 248,900 shares traded daily this past 30 trading days. See “http://terranemetals.com/”

This generous reader of ours (who is anonymous here by his choice) concludes, “I would think that all three of these companies will need patience and strong stomach, but may be eventually worth it…ah but what do I know!?”

And I will certainly echo that sentiment: What do I know? Certainly less than this reader or Luke Burgess about these companies. But I do know that many of you have expressed interest in this one, and in Canadian junior mining companies and speculative dice throws in general, so I’m sharing this well-considered submission (with my reader’s permission, of course).

I hope this unedited, uninvestigated submission was helpful for the rest of you, but just remember that I haven’t spent any time on this one at all — feel free to comment if you disagree on this one or have other ideas about these companies.

The author will always disclose any direct long or short equity, debt or option position in any stocks written about as of the day of publication, and will not trade in any stocks mentioned for three days (72 hours) after publication. Full disclaimer is at the bottom of the page.

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1. Check out this interview of Acero-Martin Exploration:

   http://www.smartstox.com/interviews/ASD.php

   [Reply]

   Posted by Anonymous | May 2, 2007, 5:09 am