Thursday, July 11, 2013

TNR Gold & McEwen Mining: Ross Beaty Buys 1 Million Worth of Shares In Lumina Copper TNR.v, MUX, LCC.v




  We have a very important vote of confidence from Ross Beaty in the Lumina Copper. Ross Beaty already owns 22% of Lumina Copper LCC.v and this move can show the bottom in this particular story. Argentina mining scare could be exaggerated in the end and JP Morgan with Goldman Sachs are talking about commodities turning up again. Dr. Copper is totally confused and has forgotten that it has to be on par with the recent markets' all-time-highs and FED even dreaming about "tapering in due cause" - only Insiders can provide some kind of guidance in this central planing world economy.
  Taca Taca copper deposit was taken by Rob McEwen as a benchmarking proxy for Los Azules in his efforts to sell the project. According to Rob McEwen's latest investment luncheon presentation Taca Taca has a larger resource, but Los Azules has a higher grade and is actually "the highest copper grade deposit not owned by the major now".     
  Taca Taca is on the market as well and recent share price drop brought concern to a lot of investors in Lumina Copper. Argentina has its own ups and downs, but assets like Taca Taca and Los Azules have its own value and we do hope to see the market recognition of it now once Bernanke Put is reinstated.
  According to the Lumina Copper 9 companies have already conducted the site visits and due diligence. Company states its goal to sell Taca Taca in 2013. This transaction will be the very important catalyst for McEwen Mining and TNR Gold with market Los Azules copper project valuation. McEwen Mining has confirmed that new PEA on Los Azules is due in September and TNR Gold insiders continue to accumulate in the market.
  Recent research note from Mackie with target price of CAD 13.7 puts valuation of Lumina Copper and Taca Taca respectively at the 600 million us dollars and Raymond James has even higher target price of CAD 20.00. Whether Taca Taca and Los Azules will be able to achieve these valuations in the market remain to be seen, but certain insiders are voting with their money that recent valuations by Mr Market could be wrong again.


As of 11:59pm ET July 10th, 2013
Filing
Date
Transaction
Date
Insider NameOwnership
Type
SecuritiesNature of transaction# or value acquired or disposed ofPrice
Jun 27/13Jun 26/13Beaty, Ross J.Control or DirectionCommon Shares10 - Acquisit
ion in the public market
221,300$4.68



As of 11:59pm ET July 12th, 2013
Filing
Date
Transaction
Date
Insider NameOwnership
Type
SecuritiesNature of transaction# or value acquired or disposed ofPrice
Jun 7/13Jun 6/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market11,000$0.060
May 31/13May 28/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market23,000$0.060
May 24/13May 23/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market90,000$0.060
May 24/13May 22/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market74,000$0.060
May 24/13May 21/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market52,000$0.060
May 17/13May 17/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market39,000$0.050
May 17/13May 16/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market27,000$0.060
May 17/13May 15/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market8,000$0.060
May 17/13May 14/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market176,000$0.060
May 17/13May 13/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market29,000$0.060





TNR Gold - McEwen Mining's Los Azules Copper Project Continues to Grow! MUX, TNR.v


"Los Azules is a large undeveloped copper porphyry system located in western San Juan Provincewithin a belt of porphyry copper deposits that straddles the Chilean/Argentine border. This belt contains some of the world's largest copper deposits, including Codelco's El Teniente and Andinamines, Anglo American's Los Bronces mine, Antofagasta PLC's Los Pelambres mine and Xstrata'sEl Pachón project, among others. Los Azules is one of the world's largest, highest grade, undeveloped copper-porphyry deposits not owned by a major base metals company."


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