Claude Resources, Inc. (fka CLGRF)

[geodan]

Seems a tad less than .18, first 200k was .136

[ConferredDiligence]

Wow Geo, you did good! Time sure flies doesn't it, I had forgotten that the lows were that long ago, I didn't start really cost averaging down till I think the fall of that year from .54 to .36. What is your cost basis if you don't mind me asking .18?

[geodan]

Conf, since we are celebrating our gains, went back and at beginning on 2014 my statement says the avg cost of my about 200,000 shares in IRA then was was .1365

Trading in and out makes it hard to say, but this is better than my .18 guess.

Cheers

[Cscokid_00]

Over $50! Lol

[geodan]

congrats, Maybe is that Darvis book from 50s?

[ConferredDiligence]

Yeah, I bought some @.18 so I've got roughly a 11.5 bagger so far. Did you ever hear about that book "How I turned $30K into over $1M", well, this is how you do it!

[geodan]

11.35 =$2.10 Claude today

2.10 / .12 = 17.5 Bagger from lowest buys

[geodan]

Thank You Claude! 20 Bagger as of Today

Posted this on SSRI, curious if it will show here.

I sold 200 shares at 11.40 just to say have a 20 bagger on Claude. Still my largest $ wise position. Bot some at .12 maybe .11 so roughly that is 20 bagger as of today smile

Without good management at Claude, it would not have happened.


Multiyear high in Silver Standard draws long-term high strike buyer (TheFlyOnTheWall)
FLY ON THE WALL 11:10 AM ET 6/8/2016
Multiyear high in Silver Standard draws long-term high strike buyer. Shares up 9% to $11.40 with option volume double normal after a buyer paid $1.10 for 1076 Jan-18 20 strike calls to open a new position struck 75% above current spot. Puts were unusually active yesterday as a seller opened nearly 5500 July 10 puts for 54c average price.

I just looked at SSRI options. Wow they are very liquid and close spread. An advantage of SSRI merger had not thought of before. July 12 Calls are .45 Bid, .50 Offer

[ConferredDiligence]

Yes, me too, the .001 cash per share was a nice $270 surprise.

[flemsnopes]

TD Ameritrade just listed the new SSRI shares in my account.

[flemsnopes]

I like to think of my mistakes as "teachable moments". Now, if I can just stop making the same ones over and over, they really will be.

[jsc52033]

thanks but I make a lot of mistakes. Seems the older I get the longer it takes me to squeeze the triggers
but when I do I usually hit the target.

Election day so need to get dressed go vote then head to my timber. Have a good day

[flemsnopes]

I'm an active trader and being retired helps on the tax issue, but I'm adding you to my "follow" list because you bring up some very good points.

[jsc52033]

you sound like an old fox. But keep in mind calls deteriorate with time. Especially once in the money then the premiums drop fast. puts and calls can raise ones ordinary income so no long ter cg. All depends upon the tax brackets for me unless in tax free accts. I can only add to my Roth so can use that one
for ST plays But corp accounts get killed.

[flemsnopes]

I've gotten impatient and skeptical in my old age. I know I'm being a curmudgeon, but fortunately, I bought a truckload of SSRI Jan $7 options back when they were dirt cheap. Count my blessings, right?

[flemsnopes]

I'm not worried, just annoyed. I'll get over it.

[jsc52033]

they need to have it halted to be able to make the transfers. Anyone who wanted out should have know the dates and been prepared. Your only option today is sell ssri short or buy it and go long. IMO I'd go long

[ConferredDiligence]

I just talked to them, the clearing date is tomorrow the 8th, I'm not worried, still long and SSRI is up today.

[flemsnopes]

TD Ameritrade is still showing the old CLGRF symbol today. It's a little annoying to not to be able to buy or sell.

[Renee]

I'll take a look and submit a ticker change to ADMIN when FINRA posts the change.

THANKS!!!!

[ConferredDiligence]

Renee, CLGRF and CRJ.TO will both be trading under SSRI and SSO.TO respectively tomorrow?

[Renee]

CLGRF: Claude Shares are entitled to receive in exchange for each Claude share, 0.185 of a common share of Silver.

FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[ConferredDiligence]

The dollar is way down today but they manage to keep gold and silver flat capped at 1245 and 16.40 respectively, how many billions is this fraud costing the tax payer?

[flemsnopes]

The volume will likely provide you with an answer. In the long run, it probably won't make much difference, but trading today may be a short-term strategy for anyone looking to capitalize on any confusion - buying or selling.

[ConferredDiligence]

Why should it be anything out of the ordinary, are there some advantages to be had one way or the other?

[flemsnopes]

Presumably, this is the last day we trade as CLGRF. It will be interesting to see the volume of trading on this final day.

Silver Standard acquired all of the outstanding common shares of Claude Resources for total consideration of approximately 37.4 million Silver Standard common shares and cash consideration of $0.2 million. Silver Standard now has approximately 118.4 million shares issued and outstanding. Claude Resources shares are expected to be delisted from the Toronto Stock Exchange and cease to trade on the OTCQB on or about the close of trading on June 6, 2016.

[geodan]

COT Report all time record

Thanks Conf, that was a positive report in Motley.

Check this out:

This Week's COT Gold Report: A Move By Commercial Traders Unprecedented In Report's History
http://seekingalpha.com/article/3978388-weeks-cot-gold-report-move-commercial-traders-unprecedented-reports-history?li_source=LI&li_medium=liftigniter-widget Lots of charts, go to the link

May 28, 2016 2:41 PM ET|57 comments | About: SPDR Gold Trust ETF (GLD), Includes: GOLD, SGOL, SLV
Hebba Investments Hebba Investments?Follow(4,958 followers)
Long only, value, contrarian, gold & precious metals
Send Message|Hebba Investments LLC
Summary

Speculative traders abandoned gold positions at a tremendous rate over the past week.

While speculative bulls were dropping their gold contracts, larger commercial traders were buying up gold long contracts at the fastest rate in the report's history.

While we have been bearish on gold for the past few weeks, we now think it is a good time for investors to start re-establishing gold positions.

In the latest Commitment of Traders report (COT), we saw something very unusual happen but it wasn't on the speculative side. Speculative traders did what we expected them to do with the price downturn - longs sold hand over fists while shorts increased their own positions. But what was unusual was that Commercial traders (the big buyers of gold) increased their positions by the largest weekly amount in the history of the new COT report.

[ConferredDiligence]

Thanks Geo, Here is an article I came across from Motley Fool that mentions Silver Standard. Word is really getting out!

Gold and Silver Miners Soar on the Heels of Weaker Employment Data -- Is This Just the Beginning?
http://www.fool.com/investing/2016/06/03/gold-and-silver-miners-soar-on-the-heels-of-weaker.aspx?source=yahoo-2&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2

[geodan]

Gold miner stocks are skyrocketing, with the sector enjoying its best day in nearly seven years, as the disappointing May jobs report helped spark a strong rally in the yellow metal.

The VanEck Vectors Gold Miners ETF (GDX +11.1%) surged more than 10% on heavy volume, and all 24 of the ETF’s U.S. equity components traded higher, with 10 of them enjoying double-digit percentage gains.


In today's trade: ABX +12.9%, NEM +9.5%, GG +7.7%, AEM +11.1%, OTCPK:NCMGY +10.7%, KGC +15.4%, SLW +9%, FNV +9.1%, RGLD +9.4%, EGO +9.8%, GFI +13.7%, SBGL +8.2%, HMY +13%, IAG +16.4%, AU +14.4%, GOLD +8.6%, AUY +13.9%, NGD +9.6%, HL +12.1%, CDE +11.6%, TAHO +10.8%, NG +12.2%, AG +12.3%, PAAS +8.9%.

Yep it was a historic rally today.

[geodan]

That's why I stayed in gold stocks. If you are weeks away from a bottom and the 1st up day can be 11-13% (today even the biggest ABX was up 13% and CLGRF 11%) why get out? Especially if you have 20 gold/miners stocks as I do.

Right now looks like Edelson 1st call of May 31st low was correct and June 21st one not.

What a day! CLGRF at new multiyear highs.

[ConferredDiligence]

Yeah, Yellen is scheduled to open her trap again on Monday at noon.

[Cscokid_00]

I hope not! Gold rises another $50 next week!

[Cscokid_00]

Glad to see you are in CLGRF! I have been in from the lows! Many of our old friends from API, are still in clgrf also! My API shares are LUNAcy! Lol

[ConferredDiligence]

Will they or will they not be able to slam PM's back down Monday?

[mahatmapaul]

kid: glad to see you invested in and continue to hold CLAUDE/SSRI

It sure is more interesting than our old friend API, huh?

Good luck

p.s. Only (!) negative, which I'm pretty sure every decent investor here feels, is that today's news was pretty bad for our fellow citizens.

The future is not going to be fun for the common man ("hoi polloi" in ancient greek). Are we going down the path of Venezuela?

anyway, I'm delighted with my gold/silver/copper investments, but very troubled otherwise.

oh well, we're part of the "hoi polloi", too, and we have to protect ourselves and families.

[ConferredDiligence]

That didn't take long!
http://www.zerohedge.com/news/2016-06-03/massive-jobs-miss-unleashes-chaos-markets

[Cscokid_00]

Gold up big on the big miss on jobs data! Hell yes!! Lol

[geodan]

Hi Maha, http://www.moneyandmarkets.com/experts/larry-edelson

He previously predicted 5-31 low now says 6-21. I am holding in as things indicate the low for gold is in and start of long bull.

[mahatmapaul]

and another one from this morning, but a video. I'm pasting the headline (I like the headline)


Goldman Sachs is wrong about gold: Analyst
Sunday, 21 Feb 2016 | 5:51 PM ET

Fear and uncertainty in the global environment will keep gold prices on an uptrend, says Mark Gordon of Breakaway Research.

[mahatmapaul]

geo/TML: I caught this article from today's news (author is Alex Rosenberg)

THERE'S A CONTROVERSY BREWING IN THE GOLD MARKET -- Goldman Sachs

Gold has been one of the best investments this year, rising 15 percent even as the S&P 500 is only a few percentage points better than flat. But as gold has slipped over the past month due to heightened expectations of a summer rate hike, indicators "show controversy" around gold ETFs, according to Goldman's options research team.

Looking to the two popular ETFs that track gold miner stocks, GDX and GDXJ, the Goldman Sachs team notes a few mixed signals.

First of all, even as gold has dropped, "shares outstanding for GDX and GDXJ have risen by 11 percent in the past month," indicating that more money is flowing into the space. Indeed, precious metals ETFs saw their fourth straight week of inflows in the week ended May 25, according to Thomson Reuters.

Another indicator of bullish sentiment comes from the options market, where investors appear to have "increased upside exposure" to GDX and GDXJ, based on a comparison between how puts and calls are trading.

On the other side of the coin, the ranks of those betting against the ETF appears to have risen, based on "an unusually high level of short interest."

All in all, "Positioning in gold equity ETFs doesn't show a clear bullish or bearish picture, but shows the sector is currently controversial," Goldman's Katherine Fogertey, John Marshall and Vishal Vivek determined.

What makes this even more interesting is that this bullish picture in the options market and bearish picture when it comes to short interest are at odds with the team's insights about the ETF market in general — namely that options generally show a great deal of hedging even as short interest has slid.

Mark Tepper, the president of Strategic Wealth Partners, sees merit on both sides of the gold coin.

"Tactically, gold is certainly overbought — it has come quite a long way so far this year, and all this hawkishness coming out of the Fed recently gives it the perfect excuse for a pullback," Tepper said Wednesday on CNBC's "Trading Nation."

"However, we do like gold cyclically," due to the possibility that easy-money policies around the world cause inflation, as well as his perception that a rate hike could actually lead the U.S. dollar to drop and yields to rise due to "credit stress," Tepper added.

When it comes to the charts, Strategas Research Partners technical analyst Chris Verrone said he "would look to use this current weakness as a buyable opportunity," given his perception that there is support at $1,200 per troy ounce, which is only a bit below where gold settled Wednesday.

[ConferredDiligence]

These PM manipulators are really something else! This price action is a HUGE red flag and there is absolutely no over site anywhere in the WORLD that hasn't been bought off in one way or another!!!

[geodan]

TMLonggun, Thank you for the kind words. The run by Claude was completely rational and what we expected, but it could have been derailed if gold dropped to $900.

Will look that one over. There are several good values out there, NSU seems extraordinary. GEO.to too.


VANCOUVER , June 1, 2016 /PRNewswire/ - Nevsun Resources Ltd. (Nevsun or the Company) is pleased to announce new assay results from further drilling at Asheli which is part of the ongoing 2016 Regional Exploration program at Bisha.

HIGHLIGHTS

Drilling extends Asheli down dip with increasing zinc grades
New massive and stringer sulphide intersections at Asheli include:
MX-071: 13.3m @ 1.82% Cu, 9.87% Zn, 0.51g/t Au, 30g/t Ag
MX-075: 31.3m @ 1.30% Cu, 13.98% Zn, 0.70g/t Au, 410g/t Ag, including 13.7m @ 0.91% Cu, 28.01% Zn, 0.24g/t Au, 16g/t Ag
MX-076: 11.00m @ 1.91% Cu, 9.99% Zn, 0.36g/t Au, 33g/t Ag
MX-082: 14.3m @ 1.43% Cu, 5.93% Zn, 0.37 g/t Au, 23 g/t Ag
True widths are estimated to be approximately 70% of the drill intercept length
Further expansion potential possible to the northeast
Drill testing has begun on the numerous untested targets along the 4 kilometers of similar stratigraphy

Nevsun CEO Cliff Davis commented, "Asheli continues to demonstrate high grades of copper and zinc with the deeper holes being particularly zinc rich. The deposit is fairly compact and relatively shallow which should be advantageous for mining. There is room for growth to the northeast and strong footwall alteration is present in this area. VMS deposits rarely occur in isolation and we have now started testing other targets along the four kilometers of similar geology to the east and northeast. Our exploration efforts continue to illustrate the high potential for the Bisha District".

The Asheli deposit was discovered by Bisha Mining Share Company (BMSC) in April 2015 (see June 18, 2015 Press Release). The initial focus of exploration was a 700 meter long section of highly sericite and chlorite altered felsic volcanics with associated small, pod-shaped surface gossans. The geology continues on-strike for five kilometers of similar geology. Limited historical drilling ("ASD" prefixed holes Figure 2 below) had intersected only narrow stringer style mineralization with minor chalcopyrite and sphalerite but no massive sulphides.

BMSC's 2015 discovery hole MX-044 returned 8.30 meters of massive sulphide grading 1.44% Cu and 4.00% Zn. Follow-up drilling in hole MX-052 confirmed the new discovery with 22.90 meters of massive sulphide grading 2.29% Cu and 4.50% Zn and additional massive sulphide mineralization was intersected in hole MX-056 (20.90 meters grading 1.26% Cu, 6.08% Zn). Drilling was suspended in July for the rainy season in this part of Eritrea and to focus on other high priority targets elsewhere.

In April 2016, drilling resumed at Asheli with a goal of better defining the geometry of the massive sulphide deposit. Early results from the campaign included hole MX-068 which targeted the projected down plunge extension of the mineralization approximately 100 meters below the known deposit. This hole successfully intersected 44.0 meters of massive sulphide grading 1.97% Cu and 9.13% Zn (see April 19, 2016 Press Release).

Four additional holes have now intersected massive sulphides at the Asheli deposit. Hole MX-075 drilled 60 meters down dip of hole MX-068 intersected 31.3 meters of massive and stringer sulphides grading 1.30% Cu and 13.98% Zn. A particularly zinc rich section graded 0.91% Cu and 28.01% Zn over 13.7 meters (see cross-section in Figure 2 below). The deposit remains open to the northeast where it has potentially been off-set. Future drilling will target this area. A maiden resource for Asheli will be included in the annual resource update scheduled to be released in early 2017.

Drilling is now in progress targeting the 4 kilometers of similar stratigraphy to the northeast.

[TMLonggun]

Probably CLGRF will be swapped for SSRI and CRJ for SSO.

I will keep a small % of free SSO shares, the rest will go into new Claude style companies to do the junior producer multibagger run all over again.

I appreciate your posts Geo, I think it was just basically you and I here at the Claude bottom. You do such a good job I rarely feel the need to post.

Claude was great but there are lots of other great stories out there too. Buy when things look grim yet are compelling for high risk/reward. Or wait until they prove themselves (in a market that doesn't immediately care) and take the lay up.



The super easy money was already made but lots of room to run. Should be an easy 500m-1bil+ market cap in the next bull once they get running. Hope a few of you got in, I know I am a happy camper so far this year. Nothing like an instant 30+ bagger to vindicate my February conviction to buy a decent % of the company.

Take care everyone. Lots of golden opportunities hiding in plain sight!

[geodan]

Yes, CLGRF disappears and suddenly SSRI stock appears, hmm wonder if it will be canadian or usa stock?

Likely same same. You might want to ask company.

On edleson looked at chart, it is 5-31 bottom, today. So far amazing call.

[ConferredDiligence]

Thanks for the posts geo, SSRI sure looks strong here! From SSRI PR we will be trading under them on or about the 6th. How does that work, will CLGRF automatically change to SSRI along with share conversion in my Ameritrade account?

[geodan]

Larry Edelson was quite accurate. Said bottom would be about May 30th in gold. It was not worth it for me to get out, down only about 8% from peak, but again an amazingly accurate prediction on gold price, 2 in a row.

http://www.moneyandmarkets.com/remember-warning-gold-mining-shares-78471

[geodan]

Pretium (We Own Part Of) Valley of the Kings Infill Drilling Concludes With More High-Grade Gold Mineralization
Marketwired Pretium Resources Inc.
5 hours ago
????
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Pretium Resources Inc. (PVG)(PVG) ("Pretivm" or the "Company") is pleased to report the remaining results from the underground infill drill program at the Brucejack Project's Valley of the Kings, including six intersections grading greater than 1,000 grams per tonne gold within long intervals of significant gold mineralization. (See Table 1 below for assays.) The 2015/2016 infill drill program was successful in confirming the style and grade distribution of the gold mineralization in the area that was tested. The results from the 2015/2016 infill drill program and a revised geological interpretation are being compiled and will be incorporated into an updated resource estimate for the Valley of the Kings.

Selected drill highlights include:

Hole VU-746 intersected 149.95 grams of gold per tonne uncut over 31.0 meters, including 9,200 grams of gold per tonne uncut over 0.50 meters;

Hole VU-749 intersected 69.66 grams of gold per tonne uncut over 23.3 meters, including 2,260 grams of gold per tonne uncut over 0.50 meters;

Hole VU-762 intersected 70.93 grams of gold per tonne uncut over 16.0 meters, including 2,140 grams of gold per tonne uncut over 0.50 meters;

Hole VU-696 intersected 50.31 grams of gold per tonne uncut over 17.0 meters, including 1,510 grams of gold per tonne uncut over 0.50 meters;

Hole VU-748 intersected 30.73 grams of gold per tonne uncut over 21.37 meters, including 1,245 grams of gold per tonne uncut over 0.50 meters; and,

Hole VU-756 intersected 21.07 grams of gold per tonne uncut over 33.0 meters, including 1,130 grams of gold per tonne uncut over 0.50 meters.


SSRI owns over 10% of this company, wow is it rich.

[ConferredDiligence]

Here's to hoping that after options expiration today, gold will rise above $1300 during the month of June. It sure will be easier to jump in and out of SSRI after .185 share consolidation.

Maybe this is more appropriate today...I don't know, if they are in total control why don't they just slam it down below $1000, why did they even allow it to climb to $1290?

[ConferredDiligence]

Both companies approved merger by over 93%, its a go, next week should be trading as SSRI.

[ConferredDiligence]