Sacre-Coeur Minerals Ltd.

Published : August 26th, 2013

Event Driven Trading Opportunity in Sacre-Coeur Minerals as GLD Heats Up?

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Keywords :   Egypt | Gold | Market | Report | Russia | Syria |

Event Driven Trading Opportunity in Sacre Coeur Minerals as GLD Heats Up?

11:44 am by Fiona MacDonald

Event Driven Trading Opportunity in Sacre Coeur Minerals as GLD Heats Up?

Shareholders in Sacre-Coeur Minerals (TSX-V:SCM) are looking ahead to the company's highly anticipated feasibility study, which is due out in September, and could coincide nicely with gold's recent form; bullion for December delivery briefly topped $1400 per ounce today after more than a week of steady rises. The SPDR Gold Trust (NYSEARCA:GLD) also rose again Monday, having already surged almost 10 per cent in the month of August on the back of turmoil in the Egypt and Syria.

The rising fortunes of the yellow metal makes for good news for investors with their attention on the miner, which has already caught the interest of high-quality investors, such as Russia?s third largest gold company, Nord Gold, (LSE:NORD) which holds 10 per cent of shares.

The company has been tipped as one to watch by industry observers, with research released as recently as last month forecasting the stock to hit 64 cents.

Prime Equity Research in a note released last month assigned a speculative buy rating in its first report on the company saying Sacre-Coeur was ?underappreciated by the market?

Writing in the note, the analyst, Vitalie Eremia, opined that using the term "junior" to describe Sacre-Coeur was ?a bit of a misnomer? in that the company?s alluvial operation in Guyana already gives rise to "some low-cost gold", meaning the company already produces with annual proceeds in the millions of dollars. 

Eremia went on the say that ?the company is quite good at ?hiding? this, booking these proceeds as offsets to exploration costs. Perhaps this is one reason why it appears underappreciated by the market ? it?s not obvious that the company has cash inflows and appears to be an average junior.?

Simultaneously, Sacre Coeur is developing its Million Mountain Zone 1 resource body in Guyana where it has already reported results from metallurgical test holes that were encouraging in terms of grades. The holes, which yielded in particular 42.8 metres grading 10.56 g/t gold, were drilled to collect samples as part of the feasibility study that is currently underway for the project. 

The results of Sacre Coeur?s internal analysis of the results prompted the gold exploration and development company to move directly to a formal feasibility study, now being carried out and expected in the third quarter. The report will be followed immediately by a final development decision, and should the study turn up a positive result, the completion of development financing and commencement of construction, with commissioning of the mine and plant for production targeted for the third quarter of next year.

 

 

Thanks,

Ryan Carpel

IR Coordinator

Sacre-Coeur Minerals

312-519-6549

 

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Sacre-Coeur Minerals Ltd.

EXPLORATION STAGE
CODE : SCM.V
CUSIP : 786178
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Sacre-Coeur Min. is a gold exploration company based in Canada.

Sacre-Coeur Min. holds various exploration projects in Guyana.

Its main exploration properties are MILLION MOUNTAIN, NORTHWEST GOLD, KARTUNI and NORTHWEST REGIONAL BLOCK in Guyana.

Sacre-Coeur Min. is listed in Canada and in Germany. Its market capitalisation is CA$ 994 050 as of today (US$ 830 827, € 701 218).

Its stock quote reached its highest recent level on April 27, 2007 at CA$ 3.60, and its lowest recent point on August 15, 2014 at CA$ 0.01.

Sacre-Coeur Min. has 66 269 996 shares outstanding.

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Financings of Sacre-Coeur Minerals Ltd.
9/19/2013REPORTS NEGOTIATION OF US $10 MILLION FINANCING
3/15/2011 Closes $2.575 Million Private Placement
2/17/2011Announces Private Placement
4/28/2010closes $1,225 million private placement
4/13/2010Announces private placement
8/30/2008CLOSES $1.550 MILLION PRIVATE PLACEMENT
8/29/2008ANNOUNCES ADDITIONAL PRIVATE PLACEMENT
8/15/2008CLOSES FURTHER $4.125 MILLION PRIVATE PLACEMENT; GUYANA PROG...
8/6/2008 ANNOUNCES PRIVATE PLACEMENT
8/9/2008CLOSES $3.625 MILLION PRIVATE PLACEMENT
Option Grants of Sacre-Coeur Minerals Ltd.
1/28/2009GRANTS STOCK OPTIONS
Nominations of Sacre-Coeur Minerals Ltd.
1/18/2012ANNOUNCES APPOINTMENT OF MR. JOHN BOOTH AS DIRECTOR, AND ELE...
Project news of Sacre-Coeur Minerals Ltd.
7/29/2013Prime Equity Research - Buy Target $0.64 (CA: SCM.v or US:...
6/20/2013REPORTS RESULTS FROM GUYANA METALLURGICAL TEST HOLES: LENGTH...
10/16/2012ANNOUNCES TWELVE WEEK ELLUVIAL/ALLUVIAL GOLD PRODUCTION FIG...
8/1/2012(Million Mountain)ARRANGES EQUIPMENT SALE TO RIVERSIDE RESOURCES: AIMS AT DEV...
3/23/2011(Million Mountain)Drill Testing Targets for Expansion of Million Mountain Zone...
1/5/2009(Kartuni)COMPLETES PRIORITIZATION AND RESTRUCTURING OF ITS GUYANA PRO...
12/12/2008(Million Mountain)DISCOVERS PORPHYRY-TYPE AU, CU, MO MINERALIZATION AT MILLION...
11/12/2008(Northwest Regional Block)COMPLETES INITIAL ASSESSMENT OF ITS GUYANA EXPLORATION PORTF...
7/14/2008(Northwest Regional Block)COMMENCES DRILLING KEY TARGETS AT NORTHWEST GOLD PROJECT
2/26/2008(Northwest Regional Block)NEW TRENCH AND PIT DATA EXPANDS HIGH-GRADE ZONE AT SACRE-COE...
Corporate news of Sacre-Coeur Minerals Ltd.
8/26/2013Event Driven Trading Opportunity in Sacre-Coeur Minerals as ...
5/17/2013Article on Sacre-Coeur Minerals written by ProactiveInvestor...
5/6/2013Article on Sacre-Coeur Minerals (TSX-V: SCM, US-OTC: SCRMF)
3/29/2013March News (TSX-V: SCM - OTC: SCRMF)
3/14/2013targets $40mln a year cash flow (TSX-V: SCM, market cap $12...
2/7/2013ENGAGES DEDICATED INVESTOR RELATIONS COORDINATOR
10/5/2012CLOSES FIRST TRANCHE OF BROKERED OFFERING
2/6/2012ANNOUNCES ARRANGEMENT OF $650,000 CREDIT FACILITY
12/15/2011ANNOUNCES FORMATION OF CONTRACT DRILLING DIVISION
6/2/2011JOIN SACRE - COEUR MINERALS AT THE 2011 WORLD RESOURCE INVES...
2/1/2011Grants Severstal Two Week Extension
1/23/2009ENGAGES SCOTT YOUNG FOR INVESTOR RELATIONS TEAM
1/15/2009SHALLOW PROSPECT DRILLING AT SACRE-COEUR?S NORTHWEST DISTRIC...
7/7/2008ADDS SEVEN NEW TARGET ZONES AT MILLION MOUNTAIN ? DRILLING U...
11/19/2007FORMAL AGREEMENT CONCLUDED FOR TRANSFER OF MILLION MOUNTAIN ...
5/23/2007RECEIVES $1.8 MILLION FROM RECENT WARRANT EXERCISES
5/14/2007250 METER STEPOUT TO SOUTH YIELDS BROAD LOW GRADE ZONE; INTE...
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