Meanwhile, B2Gold (BTO.to) puts in a good quarter

Your author looked for a 4c EPS. We got a 7c EPS (NR linked here)

Does this justify the recent price run-up? DYODD on that one dude, cos I'm long BTO already.

B2Gold (BTO.to) 2q11 production numbers

B2Gold (BTO.to) has just reported its 2q11 production numbers. Find the link here, meanwhile for subscribers, please note the the analysis of BTO.to contained in IKN110, dated June 12th 2011:

IKN Forecast gold sales for 2q11 = 36,000 oz Au
BTO reported sales for 2q11 = 36,030 oz Au

IKN Forecast sales revenues for 2q11 = $55.8m
BTO reported sales revenues for 2q11 = $54.5m

Just saying. Anyway people, the underlined bold-type call on BTO that you can see on page 12 of IKN110 is reiterated and confirmed today.

It's not all bad

Sometimes even a dumbass like me can buy into a bottom.

DYODD cos I'm long on this one and got in some more at under 2.8 this week as per the plan from last Sunday. Just lucky I guess.

B2Gold's (BTO.to) 4q10 production numbers and 2011 guidance

Here's the NR from this morning and here are a couple of simple charts generated from the numbers. This one shows how production has increased in recent quarters:

This one shows the 2010 gold production total next to the 2011 forecast:

The question is whether 135,000 oz of gold in 2011 at an estimated cash cost of $540 to $560 an ounce is enough to justify a current market cap of $800m. We'll try and answer that one next Sunday in the Weekly. DYODD.

B2Gold's (BTO.to) method of investment relations

Don't blame Ian MacLean for filing his sale of 200,000 shares so late. After all, he's only VP Investment Relations, he can hardly be expected to know how the rules for buying and selling shares work. He was probably too busy trying to work out how he'd spent the $480,000 that was suddenly burning a hole in his back pocket, missed the one week filing date limit and then...well...once you're late you're late, right Ian?

B2Gold Corp. (BTO)						As of November 25th, 2010
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Nov 25/10	Sep 30/10	MacLean, Ian	Direct Ownership	Options	97 - Other	-200,000	$2.400

Yes, I was being slightly sarcastic up there. Did you notice?

B2Gold's (BTO.to) quarter

B2Gold (BTO.to) reported its 3q10 yesterday afternoon and there are two sides to the coin here.

Heads: The numbers were good. Here are three charts that track the stock (subscribers: more charts and analysis on Sunday in IKN80) showing assets, liabilities and revenues/earnings development. All went in the right direction.

Tails: The numbers had to be good this time, because this stock can only justify its current $730m market cap by returning numbers that say "we're getting better" and positioning itself as a growth story. The $10.93m in operational revenues does that, but it's not exactly a blowout either.

Final point: Watch out for a possible "BNN effect" on BTO.to, as reader 'JC' kindly mailed last night to note this:

On BNN Fri. afternoon

2:45 PM – Q3 Earnings & Gold Price Outlook
Clive Johnson, President and CEO, B2Gold

DYODD.

B2Gold (BTO.to): The volume monster is waking up again

disclosure: long BTO

B2Gold (BTO.to): Cormark sez $3.40 target

On the back of the drilling results announced by B2Gold (BTO.to) at its Jabali (if you're interested, that's Spanish for 'Wild Boar') project on Monday (see here), Cormark's Richard Gray along with co-author Graeme Jennings is today making a very agressive buy call on the stock, aiming for a $3.40 share price and a 107.3% upside to last night's close.

Read the report and the way it calls Jabali "the real deal" by downloading it from this link. DYODD, cos I'm long on this stock too (but the personal initial target is much lower).

B2Gold (BTO.to), the volume junkie jumps again

The thing about B2Gold (BTO.to) is that.....

....it needs volume to run. And when it gets volume, it runs.

Disclosure: This humble scribe owns BTO.to, so DYODD dudettes and dudes.

Who gonna mine copper in Panama? Corriente Resources or Codelco?

As subscribers found out in IKN36 last Sunday, the Corriente Resources (CTQ.to) team is currently hanging in Panama and wants to develop the Cerro Colorado copper mine (25Bn lbs Cu with by product credits), probably in the same way as it did with the recently sold Mirador thingy in Ecuador.

But it faces stiff competition. Plenty of other big miners want to move the project forward, including (according to Panama's La Estrella newspaper at least) Chile's Codelco. What we do know is that the new Martinelli government has in the last six weeks or so tipped its hand definitively and has made it clear that Panama now welcomes mining development.

As noted over the weekend, this snippet is hardly likely to be ignored by B2Gold, either. DYODD dude.

The B2Gold (BTO.to) newsflow trifecta : Part one

I'm expecting three positive stories from B2Gold in the near future. Today saw part one, as the Orosi mine went on line (maybe one month late, but totally forgiveable) and poured gold today. Here's the yada yada out 13 minutes before the closing bell (and good for a 5c pop late trading):

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 01/05/10) - B2Gold Corp. (TSX:BTO - News) ("B2Gold" or the "Company") is pleased to announce gold and silver production has commenced at the Company's Orosi open pit mine in Nicaragua. The mine and milling facilities have passed mechanical completion and commissioning. Ore processing began on December 15th, 2009 with the first dore bar produced on January 5th, 2010.

The Orosi Mine is scheduled to produce approximately 80,000 to 90,000 ounces of gold per year at an estimated average operating cash cost of approximately $465 per ounce with an initial seven year mine life. The large Orosi property has excellent exploration targets both adjacent to and below currently planned open pits and along the 20 kilometre belt of mineralization contained on the property. Exploration drilling will commence in the first quarter of 2010.

In addition to the Orosi Mine, the Company's Limon Mine, also producing in Nicaragua, is scheduled to produce approximately 40,000 ounces of gold annually. The combined production is projected at 120,000 to 130,000 ounces in 2010 with average operating cash costs projected at approximately $500 to $525 per ounce of gold. Both the Orosi and Limon mines are debt free and un-hedged.

Over the next few months, the Orosi mill is scheduled to yada yada continues here

Two more stories to come. Keep it on your screen.

Inside Christmas with the Canadian Crew

A quick rundown of cool "quick let's file it while nobody's looking" inside transactions over the Christmas period.

Here's top of the pops, Rusoro (RML.v): Makes you want to burst into the Cat Stevens oldie 'Father and Son', doesn't it?

Rusoro Mining Ltd. (RML)						As of December 27th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Dec 26/09	Dec 23/09	Agapov, Andre Vladimir	Direct Ownership	Common Shares	11 - Acquisition carried out privately	53,428,167
Dec 26/09	Dec 23/09	Agapov, Vladimir Pavlovich	Direct Ownership	Common Shares	11 - Disposition carried out privately	-53,428,167

Next up is Exeter Resources (XRC.to) (XRA) and CFO Cecil Bond had himself a wonderful Christmas time:

Exeter Resource Corporation (XRC)						As of December 27th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Dec 24/09	Dec 21/09	Bond, Cecil Robert	Direct Ownership	Common Shares	10 - Disposition in the public market	-65,000	$7.960
Dec 24/09	Dec 18/09	Bond, Cecil Robert	Direct Ownership	Common Shares	10 - Disposition in the public market	-81,000	$7.820
Dec 24/09	Dec 16/09	Bond, Cecil Robert	Direct Ownership	Common Shares	10 - Disposition in the public market	-100,000	$7.650
Dec 24/09	Dec 16/09	Bond, Cecil Robert	Direct Ownership	Common Shares	10 - Acquisition in the public market	260,000	$1.200
Dec 24/09	Apr 12/05	Bond, Cecil Robert	Direct Ownership	Common Shares	00 - Opening Balance-Initial SEDI Report
Dec 24/09	Dec 16/09	Bond, Cecil Robert	Direct Ownership	Options	51 - Exercise of options	-260,000	$1.200

Moving on to MAG Silver (MAG.to)(MVG) and HEY WOW! WHAT A SURPRISE! It's another round of bare-faced shameless self service from the management crew:

MAG Silver Corp. (MAG)						As of December 27th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Dec 24/09	Dec 15/09	Rubenstein, Jonathan A.	Direct Ownership	Options	50 - Grant of options	7,715	$6.320
Dec 23/09	Dec 15/09	Harris, Jody Lynn	Direct Ownership	Options	50 - Grant of options	20,000	$6.320
Dec 23/09	Dec 15/09	Colterjohn, Richard Mark	Direct Ownership	Options	50 - Grant of options	7,774	$6.320
Dec 23/09	Dec 15/09	Carlson, Eric	Direct Ownership	Options	50 - Grant of options	6,602	$6.320
Dec 23/09	Dec 15/09	Megaw, Peter	Direct Ownership	Options	50 - Grant of options	8,203	$6.320
Dec 23/09	Dec 15/09	White, Derek Christopher	Direct Ownership	Options	50 - Grant of options	14,971	$6.320
Dec 23/09	Dec 15/09	Neal, Gordon	Indirect Ownership	Options	50 - Grant of options	32,883	$6.320
Dec 23/09	Dec 15/09	MacInnis, Daniel Thomas	Direct Ownership	Options	50 - Grant of options	8,379	$6.320
Dec 23/09	Dec 15/09	Jones, R. Michael	Direct Ownership	Options	50 - Grant of options	11,855	$6.320
Dec 23/09	Dec 15/09	Hallam, Frank	Direct Ownership	Options	50 - Grant of options	34,761	$6.320

Now B2Gold (BTO.to) and the mysterious Robert Shaw at it again:

B2Gold Corp. (BTO)						As of December 27th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Dec 24/09	Dec 24/09	Shaw, Robert Peter	Direct Ownership	Common Shares	10 - Disposition in the public market	-1,900	$1.220
Dec 24/09	Dec 24/09	Shaw, Robert Peter	Direct Ownership	Common Shares	10 - Disposition in the public market	-18,100	$1.210
Dec 24/09	Dec 23/09	Shaw, Robert Peter	Direct Ownership	Common Shares	10 - Disposition in the public market	-10,000	$1.150
Dec 24/09	Dec 23/09	Shaw, Robert Peter	Direct Ownership	Common Shares	10 - Disposition in the public market	-30,000	$1.140
Dec 24/09	Dec 23/09	Shaw, Robert Peter	Direct Ownership	Common Shares	10 - Disposition in the public market	-35,000	$1.110

And to wrap up, Avalon (AVL.to) and Robert Anderson just can't seem to take Jim Dines' advice about his own stock....way of the world, I suppose:

Avalon Rare Metals Inc. (AVL)						As of December 27th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Dec 27/09	Dec 22/09	Andersen, Robert James	Direct Ownership	Common Shares	47 - Disposition by gift	-2,500	$2.670
Dec 27/09	Dec 21/09	Andersen, Robert James	Direct Ownership	Common Shares	10 - Disposition in the public market	-5,000	$2.940
Dec 27/09	Dec 18/09	Andersen, Robert James	Direct Ownership	Common Shares	47 - Disposition by gift	-2,500	$2.810
Dec 27/09	Dec 18/09	Andersen, Robert James	Direct Ownership	Common Shares	47 - Disposition by gift	-2,500	$2.810
Dec 27/09	Dec 16/09	Andersen, Robert James	Direct Ownership	Common Shares	10 - Disposition in the public market	-2,700	$2.950
Dec 27/09	Dec 16/09	Andersen, Robert James	Direct Ownership	Common Shares	10 - Disposition in the public market	-7,300	$2.940
Dec 27/09	Dec 16/09	Andersen, Robert James	Direct Ownership	Common Shares	10 - Disposition in the public market	-5,000	$2.930

(b2) GOLD IS BETTER THAN (ecu) SILVER

Just think, ten days ago the GATA sheep could have swapped a share of ECU.to for a share of BTO.to...same price.

Disclosure: This author is:

• Short ECU.to
• Long BTO.to
• Tempting hubris
  

B2Gold (BTO.to), and what goes on over at the subscription service

BlatantMarketing Alert. On Thursday November 5th, a Flash update was sent to subscribers that wrote this about BTO.to:

B2Gold (BTO.to)
I was going to wait until IKN28 to talk on this stock, but the price action yesterday (and its volumes) were very strong once it released its "corp update" type news release (which is worth a read; here's the link).

Therefore a quick headsup. B2Gold is the subject of our NOBS report this week and is almost certain to be rated either "buy" or "spec buy" (Chez Otto the numbers are basically done on the stock but the DD is still happening). The NOBS report will (as always) be based upon the Friday close of the stock, but consider this an advanced notice about the company. I do not own as yet and will wait until at least Wednesday next week to buy in personally.

Best, O

Then on Sunday November 8th, the NOBS report in IKN28 appeared. We went over the stock, its structure, its assets and its prospects. The result was that buy call and it was added to the 'Stocks to Follow' list (we're currently at our maximum of 15 open positions, by the way). Then as previewed, I waited my self imposed 48 hours before taking my first personal long position in the stock.

Here's the chart for BTO.to, including the last two days' action:


DYODD, dude.

Insider sellers, insider buyers

ECU Silver (ECU.to) still bailing to the suckers who still lunatic enough believe in this POS

ECU Silver Mining Inc. (ECU)						As of September 18th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Sep 18/09	Sep 11/09	Bélanger, Clifford	Direct Ownership	Common Shares	10 - Disposition in the public market	-10,000	$0.650
Sep 18/09	Sep 15/09	Bélanger, Clifford	Direct Ownership	Common Shares	10 - Disposition in the public market	-10,000	$0.600
Sep 17/09	Sep 11/09	Thériault, Francine	Direct Ownership	Common Shares	10 - Disposition in the public market	-10,000

Hank Van Alphen dumped 32,000 Int'l Tower Hill (ITH.v) shares on the market since September 10th this month, at prices from $4.38 upwards. This guy looks after himself and then number one then Henk Van Alphen and then later might have a moment for other people, so take the hint.

International Tower Hill Mines Ltd. (ITH)						As of September 18th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Sep 18/09	Sep 15/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-2,000	$4.500
Sep 18/09	Sep 15/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-2,200	$4.580
Sep 18/09	Sep 14/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-100	$4.584
Sep 18/09	Sep 14/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-700	$4.580
Sep 18/09	Sep 11/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-3,000	$4.750
Sep 18/09	Sep 11/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-3,000	$4.580
Sep 18/09	Sep 11/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-1,000	$4.600
Sep 18/09	Sep 11/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-4,000	$4.640
Sep 18/09	Sep 11/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-4,000	$4.480
Sep 18/09	Sep 10/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-4,000	$4.440

Meanwhile, the B2gold chairman Robert Cross has suddenly taken a liking to his stock. He's never owned a share in BTO.to until this week and now here he is with 250,000 bought on the open market.

B2Gold Corp. (BTO)						As of September 18th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Sep 18/09	Sep 17/09	Cross, Robert Melvin Douglas	Indirect Ownership	Common Shares	10 - Acquisition in the public market	150,000	$0.730
Sep 18/09	Sep 16/09	Cross, Robert Melvin Douglas	Indirect Ownership	Common Shares	10 - Acquisition in the public market	100,000	$0.740

And Sheldon is falling in love with Pinetree again. Just like starting over, no?

Pinetree Capital Ltd. (PNP)						As of September 18th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Sep 18/09	Sep 10/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	500	$1.640
Sep 18/09	Sep 10/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	101,300	$1.634
Sep 18/09	Sep 10/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	50,000	$1.678
Sep 18/09	Sep 09/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	5,200	$1.650
Sep 18/09	Sep 09/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	2,800	$1.644
Sep 18/09	Sep 09/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	148,300	$1.644
Sep 18/09	Sep 09/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	18,500	$1.660
Sep 18/09	Sep 08/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	147,300	$1.673
Sep 14/09	Sep 04/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	10,100	$1.641
Sep 14/09	Sep 04/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	300	$1.640

Oh goody! A bidding war in the LatAm gold sector

Read the PRs yourself, but basically B2Gold (BTO.to) is trying to snatch Central Sun (CSM.to) (SMC) from under the noses of Linear Gold (LRR.to).

Here's Central Sun's PR
Here's Linear Gold's PR
Here's B2Gold's PR

This should be interesting. As mentioned on the site recently, B2Gold is a fairly new company but made up of the management team of the now sold Bema Gold, so these people are no slackers. Personally I just hope that whoever gets control of Central Sun boots out the mgmt responsible for the environmental mess known as The Limon Mine and cleans up the act over there.