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WFT. only Friday you were claiming “support” at 62. Then over the weekend you were predicting “up on Monday/Tuesday” and “a $1 by Wednesday”. Why just keep quiet and stop embarrassing yourself.
So pleased to see you taking a more appropriate and realistic position these days. I totally agree with you.
I wouldn’t trust this source.
VDB haven’t sold out. Under the website you mention it lists “Arnold Van Den Berg” as having sold out. This is an individual whereas the significant shareholder in LODE is “Van Den Berg Management Inc” - somewhat different. Looking at the 13F VDBM still have over 30 million shares IN LODE.
Where did you see that VDB sold all their shares?
WTF!!! After 2.5 years of your BS and unfounded hype, you are merely just cutting loose like this? No “I’m sorry to all those who took my comments and suggestions over the years seriously and bought into this stock thinking I knew what I was talking about. I got it wrong.” Please let me know what you are now pushing so that I can short it!! RI.
I was quoting a post from Lester a week ago. I always though a RS was inevitable.
“There won't be a reverse split. No way....”. Isn’t it time you stopped posting and embarrassing yourself by constantly getting it so wrong!!!
What’s the basis of your claim? Their sp lost more whilst they were mining going from over $3/s to 50 cents over that period.
A reversal share split?? LOL.
Ok. Nothing new. Do you think they issued more new shares during the quarter to help get cash to +$2m? If so what’s your thought on how many shares would have been issued?
What big news are you expecting from the call?
At least “still holding” is closer to the truth than “continue buying”. One small step at a time.
Gold price is up 3% from 3-years ago
Junior Gold Mining index (ZJO.TO) is up 75% over the same frame. LODE IS DOWN 88% since Oct 13. LODES price bears no relation to gold price nor performance of peers.
Herewith the link.
http://www.nasdaq.com/symbol/lode/institutional-holdings/activity
You obviously can’t read!! Your claim that “I've noticed large institutional investors keep buying up shares” is factually wrong. All you have done in is provided a list of investors.
If you look at the movement in institutional holdings you will see that just 5 institutions recently increased their holdings by a pathetic 41,585 shares (about $6,000) whilst 13 reduced their holdings by a total of over 1 million shares (see link below). This paints a completely different picture than the one you have been shouting about. Again, I suggest you get your fact right in future.
http://www.capitalcube.com/blog/index.php/etfs-with-exposure-to-comstock-mining-inc-october-23-2017/
Show the actual data that backs your claim that they have been buying or stop making false claims.
Please explain why a “large mining company would buy LODE now. Such companies acquire others to gain control of their assets. LODE doesn’t have control of their principle asset any more - they MAY get it back later but a large mining company wouldn’t be interested at this stage.
They aren’t producing. Earnings will be negative once again.
Definition of “gold mine”
'gol(d) ?min/Submit
noun
noun: gold mine; plural noun: gold mines; noun: goldmine; plural noun: goldmines
a place where gold is mined.
a source of wealth, valuable information, or resources.
LODE has zero gold mines.
#2 will only work if those assets are sold for significantly more than the market is currently valuing them at otherwise it will have a zero impact on the valuation. Based on the current price (15c) they would need to sell those assets for $10 million more than would otherwise be expected to add the 5c per share required to get to the magical 20c threshold. I would have thought that unlikely.
How?? Not by continually issuing new shares and dumping them on the market - that being their apparent strategy of late.
Price not that relevant when making comparison due to: (1) LODE has twice the number of shares, (2) LODE has +$10 million debt. Therefore LODE’s value of its underlying assets = $40 million v $15 million for TNGL.
Management can’t sell - they don’t own any stock!! However they have been issuing new shares and selling them on market big time. They issued and sold on-market 16 million shares during the June quarter realizing an average price of 16 cents. We will have to wait for the September quarter filing to see how many more shares have been issued and sold since then. The volumes seen suggest this is continuing.
Management can’t sell - they don’t own any stock!! However they have been issuing new shares and selling them on market big time. They issued and sold on-market 16 million shares during the June quarter realizing an average price of 16 cents. We will have to wait for the September quarter filing to see how many more shares have been issued and sold since then. The volumes seen suggest this is continuing.
Where’s Lester? After all his hype, has reality sat up and slapped him down? Still believe this is a $19 stock?
Once again you are missing the point.
1). Comstock's silver revenue was relatively small (compared to Gold) and any "benefit" that you talk of, will be a drop in the ocean.
2) Comstock produced a bar containing gold, silver and other waste material which had to be refined by a third party. The product they produce is of no use to Tesla
3) Comstock received the spot price (less a refining fee) from the refiner and I presume Tesla buys at spot. Where could any financial benefit accrue? Tesla won't buy at a premium to spot!!
4) Comstock are no longer producing and unlikely to in the foreseeable future given the losses incurred previously.
So without any financial benefits of a "deal" with Tesla plus no production, the point you are making is clearly "clutching at straws".
Lol. Tell us how you really feel?
Interesting how "during the second quarter" subtly became "during the second quarter reporting process" over a period of a month.
"Virginia City, NV (May 25, 2017) Comstock Mining Inc. (the “Company”) (NYSE MKT: LODE) reported today it has significantly advanced two strategic venture discussions this week and anticipates that at least one transaction will occur during the second quarter."
Wasn't this going to be done and announced "before the 2nd quarter". That dates been and gone and nothing.
WELL SAID.
LOL. WHAT A JOKER YOU ARE!!!!
Really!!? Now it's cheap. You have been saying its cheap since the price was well over $1. When are you going to give up?
Wrong again. When are you going to give up making statements that have absolutely no foundation. The credibility of your comments appear to be aligned to the credibility of the company.
That's an "alternative" way of saying that they are selling LODE.
Please explain what type of 43-101 report are you expecting? As you may (or may not) know, there are many types of 43-101 report. You can't just keep harping on about a "43-101" without stating what it is you are expecting because it does sound as though you really don't know what you are talking about. The company hasn't stated that they are expecting to put out such any report in the foreseeable future. I would have expected that if one were being prepared, they would have at least mentioned it.
Also Lester is using a Resource rather than a Reserve. To use his illogical theory, the resource he seems to be quoting as having 3 million ounces had 96 million tons.
Using Lester's flawed logic, 2.5 million of these tons were mined and treated during 2012 - 2015 recovering 60,000 ounces during which time they consumed $60 million in cash. This was achieved at an average gold price of around $1,300 per ounce (i.e. higher than it is today). This represents a loss of $24 per ton or $1,000 per ounce. Therefore the remaining 92.5 million tons (~will loose Comstock another $2.2 billion. Therefore these Resource that Lester believes is worth $1.6 billion really represents a liability of $2.2 billion. A $3.8 billion overstatement. I appreciate my logic is somewhat flawed but no more or less than Lester's.
Is Comstock your only share holding?
I bet that they are not doing any exploration and hadn't done any during the last quarter. They aren't cashed up as you suggest in other posts. The GF Loan merely consolidates their other smaller loans.