Smart Investment - mexicomike.ca

[coach247]

I added another 1000 shares of EAS to my holdings and the stock now accounts for a big chunk of my total PF. I have been adding in small blocks on every dip, going back to the $2 range. IMO the rhetoric about the company is ridiculous and some people are letting emotion override common sense.

Exploration stocks are risky. Exploration in a frontier nation is even riskier. Having any stock appreciate by several hundred percent in a short time adds another level of risk as the volatility will also increase. If you want to play in this sandbox, then you better accept those facts.

I am bullish on EAS because I think the company has solid management that knows how to keep things on the rails, and knows how to operate in that part of the world. Note that:

They have negotiated the permitting process and maintain good relationships with all levels of government in Indonesia.

They successfully raised large chunks of cash to maintain exploration at a high level of intensity regardless of what else happens in the market.

They have funded extensive exploration work to date but the share structure is still very good for an active junior with no other means of funding.

They have reported a huge string of exploration success and continue to go about their project efficiently, and with every expectation to continue to grow the resources.

They have concluded one tranaction already to sell a high value asset for tens of millions of dollars and created great value for shareholders in doing so.

They have a very clear focus on the long term to establish a world class gold deposit and then vend off another high value transaction.

They continue to advance other prospects that can supply the next level of growth for the company into the future.

Considering all of the above, I have confidence that the company can deal with the typical issues that are sure to arise in the future. The panic selling that seems to have gripped this stock is an opportunity IMO. I have put my money exactly in line with my comments, and I buy as much as I can on these dips. I think before this is over, there will be a lot of people that are very upset with themselves for selling too early, and some individuals that get far too much respect and attention will end up looking very stupid for the way they have criticized this company.

EAS is a paid advertiser on this website.

cheers!
mike
_________________
Its only a gambling problem if you are losing...

[coach247]

East Asia Minerals Corporation: Miwah Petrology and SEM Data Has Positive Implications for Miwah Metallurgy
25 Aug 2010 08:30 ET

Marketwire
East Asia Minerals Corporation
August 25, 2010 - 08:25:11 AM
East Asia Minerals Corporation: Miwah Petrology and SEM Data Has Positive
Implications for Miwah Metallurgy
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2010) - East Asia Minerals
Corporation (TSX VENTURE:EAS) announces that continuing petrographic and
scanning electron microprobe studies are adding to the Company's earlier
recognition of widespread fine grained free gold at Miwah. Native gold is now
recognized within multiple environments throughout the Miwah deposit.
Significant quantities of fine free gold are noted in oxide, mixed
oxide-sulphide, and sulphide samples. What is particularly encouraging is that
it is noted that even in the base of the system where sulphides are noted, the
gold is typically present as free gold. This indicates that even in the
sulphide part of the Miwah system, gold is not refractory.
These conclusions, by studies completed at universities in Australia and
Canada, are supported by initial metallurgical testing conducted by the
previous operators of the project which showed that even material that was
shown to be only 17% oxidized returned very acceptable cyanide leach
recoveries.
In commenting on the petrological studies and historical metallurgy, Michael
Hawkins, President and CEO of East Asia Minerals stated that "Whilst it was
too early in the exploration process to conduct extensive metallurgical
studies at Miwah, the Company decided it prudent to conduct investigations as
to the character of the very significant amounts of gold mineralization it has
intersected in all holes drilled to date. We are greatly encouraged by the
fact that even in the deepest intercepts of mineralization the gold at Miwah
seems to be predominantly present as fine grained free gold, though rarely
discrete grains of gold tellurides are also noted. The amount of free gold
observed in petrology and in scanning electron microprobe work is strongly
indicative that the gold mineralization at Miwah will not be metallurgically
complex", he said. "This data gives us considerable comfort that the initial
preliminary metallurgical studies, which showed more than acceptable cyanide
leach recovery of gold, were a fair indicator of what we might expect moving
forward."
East Asia Minerals directs interested readers to its website
(www.EAminerals.com) where it has additional details to the above discussion
under the Indonesian section located at Projects/Indonesia/Miwah.
Further to the "East Asia Minerals Verifies Miwah Drill Results via
Independent Qualified Third Party" news release of August 24, 2010, East Asia
Minerals also directs interested readers to its Miwah website section where it
has additional details including reference to Mining Associates Pty Limited
and its Qualified Persons.
Lionel Martin, P.Geo., the designated QP within the meaning of NI 43-101, has
reviewed and approves the content of this release.
About East Asia Minerals Corporation
East Asia Minerals (TSX VENTURE:EAS) is an Asian-based, Canadian mineral
exploration company with gold and copper exploration properties in Indonesia,
and uranium exploration properties in Mongolia. In Indonesia the Company has a
70 to 85% interest in six advanced gold and gold-copper properties located in
Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. Two of these, the
Sangihe (Binebase-Bawone) and Barisan 1 (Abong) gold projects, are being
advanced to define NI43-101 compliant resources. The Company owns eight
uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger
uranium projects, and two phosphate properties in Mongolia. East Asia
currently has 75,580,872 shares outstanding. Its shares are listed for trading
on the TSX Venture Exchange under the symbol "EAS".
Forward Looking Statements - This News Release contains forward looking
information within the meaning of the British Columbia Securities Act, the
Ontario Securities Act and the Alberta Securities Act, which involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company, or industry results, to
be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Forward-looking
statements are subject to a variety of risks and uncertainties which could
cause actual events or results to differ from those reflected in the
forward-looking statements, including, without limitation, risks and
uncertainties relating to the interpretation of drill results and the
estimation of mineral resources and reserves, the geology, grade and
continuity of mineral deposits, the possibility that future exploration,
development or mining results will not be consistent with our expectations,
metal recoveries, accidents, equipment breakdowns, title matters and surface
access, labour disputes or other unanticipated difficulties with or
interruptions in production, the potential for delays in exploration or
development activities or the completion of new or updated feasibility
studies, the inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses, commodity price fluctuations
(including uranium, fuel, steel and construction items), currency
fluctuations, failure to obtain adequate financing on a timely basis and other
risks and uncertainties. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking statements.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements. The words anticipate, believe, estimate and expect
and similar expressions, as they relate to us or our management, are intended
to identify forward looking statements relating to the business and affairs of
the Company. Except as required under applicable securities legislation, we
undertake no obligation to publicly update or revise forward-looking
statements, whether as a result of new information, future events or
otherwise.
To receive or stop receiving EAS news via email, please email
Info@EAminerals.com and state your preference in the subject line.
FOR FURTHER INFORMATION PLEASE CONTACT:
East Asia Minerals Corporation - Vancouver Michael Hawkins President and CEO
+1-604-684-2183 Hawkins@EAminerals.com
East Asia Minerals Corporation - Toronto Nick Kohlmann Corporate
Communications +1-416-792-8734 Kohlmann@EAminerals.com www.EAminerals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
_________________
Its only a gambling problem if you are losing...

[coach247]

East Asia Minerals Verifies Miwah Drill Results via Independent Qualified Third Party
24 Aug 2010 08:33 ET

Marketwire
East Asia Minerals Corporation
August 24, 2010 - 08:33:02 AM
East Asia Minerals Verifies Miwah Drill Results via Independent Qualified
Third Party
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2010) - East Asia Minerals
Corporation (TSX VENTURE:EAS) announces that an independent third party
verification has been completed for diamond drill core collected at the
Company's Miwah Gold Project in Aceh Province, Northern Sumatra, Indonesia.
The results from this most recent study, completed by an independent
consulting firm, have validated the veracity of gold assays reported by East
Asia Minerals for drill core sampled throughout the course of exploration at
its flagship Miwah Gold Project.
This independent third party validation was conducted for drill holes EMD001
to EMD030 and complies with East Asia's policy of robust QAQC protocols and
technical excellence. Although East Asia Minerals undertakes a continuous and
robust QAQC program at all of its exploration projects, including independent
Qualified Person validations at various times throughout ongoing drill
campaigns, the announcement of these independent results for Miwah are
designed to put to rest rumblings from some quarters of the industry and
investment community.
Findings of the independent third party verification conclude that 1) the core
sampling, analytical and QAQC protocols used by East Asia Minerals at Miwah
are in line with industry practice and are considered by the independent third
party to be in-line with international best practice, and 2) the sampling by
the independent third party returned gold values of similar tenor to the
values previously reported by East Asia Minerals and confirmed the presence of
a well mineralized gold and silver system at Miwah. The independent third
party is confident, following their site visit and the results of its
sampling, that the general range of gold and silver values reported by East
Asia Minerals are representative of the values that can be expected from the
Miwah deposit.
L. Martin, P.Geo., the designated QP within the meaning of NI 43-101, has
reviewed/approves the content of this release.
About East Asia Minerals Corporation
East Asia Minerals (TSX VENTURE:EAS) is an Asian-based, Canadian mineral
exploration company with gold and copper exploration properties in Indonesia,
and uranium exploration properties in Mongolia. In Indonesia the Company has a
70 to 85% interest in six advanced gold and gold-copper properties located in
Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. Two of these, the
Sangihe (Binebase-Bawone) and Barisan 1 (Abong) gold projects, are being
advanced to define NI43-101 compliant resources. The Company owns eight
uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger
uranium projects, and two phosphate properties in Mongolia. East Asia
currently has 75,580,872 shares outstanding. Its shares are listed for trading
on the TSX Venture Exchange under the symbol "EAS".
Forward Looking Statements - This News Release contains forward looking
information within the meaning of the British Columbia Securities Act, the
Ontario Securities Act and the Alberta Securities Act, which involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company, or industry results, to
be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Forward-looking
statements are subject to a variety of risks and uncertainties which could
cause actual events or results to differ from those reflected in the
forward-looking statements, including, without limitation, risks and
uncertainties relating to the interpretation of drill results and the
estimation of mineral resources and reserves, the geology, grade and
continuity of mineral deposits, the possibility that future exploration,
development or mining results will not be consistent with our expectations,
metal recoveries, accidents, equipment breakdowns, title matters and surface
access, labour disputes or other unanticipated difficulties with or
interruptions in production, the potential for delays in exploration or
development activities or the completion of new or updated feasibility
studies, the inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses, commodity price fluctuations
(including uranium, fuel, steel and construction items), currency
fluctuations, failure to obtain adequate financing on a timely basis and other
risks and uncertainties. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking statements.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements. The words anticipate, believe, estimate and expect
and similar expressions, as they relate to us or our management, are intended
to identify forward looking statements relating to the business and affairs of
the Company. Except as required under applicable securities legislation, we
undertake no obligation to publicly update or revise forward-looking
statements, whether as a result of new information, future events or
otherwise.
To receive or stop receiving EAS news via email, please email
Info@EAminerals.com and state your preference in the subject line.
FOR FURTHER INFORMATION PLEASE CONTACT:
East Asia Minerals Corporation - Vancouver Michael Hawkins President and CEO
+1-604-684-2183 Hawkins@EAminerals.com
East Asia Minerals Corporation - Toronto Nick Kohlmann Corporate
Communications +1-416-792-8734 Kohlmann@EAminerals.com www.EAminerals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
_________________
Its only a gambling problem if you are losing...

[steve13881]

Thanks PB for the explanation. Sounds like a good sign, then!

Regards---

[paperboy]

Steve:

You can be sure they are buying out of another house. The 100 shares sells at the bid are just to try and lower the price a bit.

It was a nice ride today in this one.

cheers,
paperboy

[steve13881]

Anyone else watching the trading closely on this one today? Trend is sure up today, but one second right after an uptick sale at the ask (at least 90% of the time) someone out of 72 First Boston sells (shorts?) 100 shares at the bid. Interesting (and not very profitable today)---

[dirkdiggler]

[deeper]

Otto will look like a tool in a few weeks. But I still enjoy reading his site.

[deeper]

Bought 3,000 @ 5.03

[Gung Ho]

East Asia Minerals* (EAS : TSX-V : $5.10), Net Change: -0.01, % Change: -0.20%, Volume: 258,143
Journey finds a new lead singer, and he's Indonesian and he's good! East Asia reported assays from its first diamond drill hole at the Lower Tengkereng gold-copper project (80% interest) on the company's Barisan tenement, Aceh Province, Indonesia. LTD001 encountered 0.39 g/t gold, 0.18% copper over 415.1 metres, including 0.49 g/t gold, 0.22% copper over 279.4 metres. This result is in line with previous drilling on the Lower Tengkereng, which returned 339 metres grading 0.19% Cu and 0.47 g/t Au. There is evidence that previous assay techniques understated the Au grades; however, in this particular result (LTD001) Au grades are less than in previous drilling. The company suggests the porphyry system at the Upper Tengkereng project, previously drilled approximately 1.5 kilometres away from Lower Tengkereng, could ultimately be connected. Previous drilling at Upper Tengkereng encountered 646.25 metres averaging 0.39 g/t gold and 0.21% copper, including 268 metres of 0.57 g/t gold and 0.26% copper. Within the Barisan Cu-Au porphyry belt the company has identified six drill-ready porphyry centres that have drill ready targets. According to the company, mineralization is open in all directions and additional drilling of Lower Tengkereng is in progress. A Bay Street analyst comments that this porphyry belt appears to have above average speculative potential; however, forestry concerns related to Indonesia are likely to temper the interest in long-term positive exploration results.
_________________
If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?

[paperboy]

Otto is right IMO. I wonder if some connected buyers wanted some cheap EAS shares? I got some. Not cheap enough though I guess. I can wait.

pb

[Gung Ho]

Mining PRs and the Ottotrans™, Part 23
Posted: 10 Aug 2010 09:25 AM PDT




Today's example comes from the pages of Northern Miner, online edition out today.

This is what they said:



Apology to East Asia Minerals and Michael Hawkins

In the online story regarding East Asia Minerals published on July 29, 2010, and reprinted in our newspaper (vol. 96, no. 25), we incorrectly stated that East Asia Minerals had not disclosed to its shareholders that a large portion of its tenements in Indonesia is on land designated as protected forest.

In fact, the company wrote in its August 2007 information circular to shareholders that "almost the entire Miwah tenement is in Protected Forest Area" and that "a special permit from the Indonesian Department of Forestry is required to conduct exploitation in such an area."

As such, there is no imputation whatsoever by The Northern Miner that East Asia's President and CEO Michael Hawkins or any other management or directors of East Asia Minerals personally benefited from withholding this information from shareholders.

While it's widely agreed that Indonesia has its challenges with respect to corporate governance, there is also no imputation that a company must engage in illegal activities in order to acquire a special exploitation permit in a protected forest in Indonesia.

A similar retraction and apology will appear in the next paper issue of The Northern Miner, vol. 96, no. 26.

We apologize for and regret any embarrassment, distress, inconvenience or damage to the company and Michael Hawkins resulting from publication of the story.



And this is what it means:




Yeah, errr.....sorry about the $101m our bullshit lies written by a just-out-of-college hack with more bravado than ethics managed to knock off your market cap Mike. Won't happen again, pretty promise.
_________________
If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?

[Gung Ho]

Mining PRs and the Ottotrans™, Part 23
Posted: 10 Aug 2010 09:25 AM PDT




Today's example comes from the pages of Northern Miner, online edition out today.

This is what they said:



Apology to East Asia Minerals and Michael Hawkins

In the online story regarding East Asia Minerals published on July 29, 2010, and reprinted in our newspaper (vol. 96, no. 25), we incorrectly stated that East Asia Minerals had not disclosed to its shareholders that a large portion of its tenements in Indonesia is on land designated as protected forest.

In fact, the company wrote in its August 2007 information circular to shareholders that "almost the entire Miwah tenement is in Protected Forest Area" and that "a special permit from the Indonesian Department of Forestry is required to conduct exploitation in such an area."

As such, there is no imputation whatsoever by The Northern Miner that East Asia's President and CEO Michael Hawkins or any other management or directors of East Asia Minerals personally benefited from withholding this information from shareholders.

While it's widely agreed that Indonesia has its challenges with respect to corporate governance, there is also no imputation that a company must engage in illegal activities in order to acquire a special exploitation permit in a protected forest in Indonesia.

A similar retraction and apology will appear in the next paper issue of The Northern Miner, vol. 96, no. 26.

We apologize for and regret any embarrassment, distress, inconvenience or damage to the company and Michael Hawkins resulting from publication of the story.



And this is what it means:




Yeah, errr.....sorry about the $101m our bullshit lies written by a just-out-of-college hack with more bravado than ethics managed to knock off your market cap Mike. Won't happen again, pretty promise.
_________________
If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?

[deeper]

http://www.stockwatch.com/News.....p;region=C

Shitty results, but miwah is the prize here. Good buy opp but I'll wait for close to 4 and summer doldrums.

[Gung Ho]

Northern Miner issues correction notice Friday August 6, 2010


In the online story "East Asia Minerals unresponsive about protected forest issue" published on July 29, 2010, we incorrectly stated that East Asia Minerals had not disclosed to its shareholders that a large portion of its tenements in Indonesia is on land designated as protected forest.
In fact, the company wrote in its August 2007 information circular to shareholders that "almost the entire Miwah tenement is in Protected Forest Area" and that "a special permit from the Indonesian Department of Forestry is required to conduct exploitation in such an area."
As such, there is no imputation whatsoever by The Northern Miner that any management or directors of East Asia Minerals personally benefited from withholding this information from shareholders.
While it's widely agreed that Indonesia has its challenges with respect to corporate governance, there is also no imputation that a company must engage in illegal activities in order to acquire a special exploitation permit in a protected forest in Indonesia.
A similar correction notice will appear in the next paper issue of The Northern Miner, vol. 96, no. 26.
We apologize for and regret any embarrassment, inconvenience or damage resulting from publication of the story
_________________
If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?