Saturday, September 13, 2014 6:30:35 PM
Profits have always been one of the most important things here. What value does 5 or 10 million ounces of gold have if it is not economic to extract? The answer, at current prices, is almost zero.
Lode has spent something like a 100 million+ dollars for the privilege of losing money on every ounce produced.
I haven't been following their cash position closely but I think it is again starting to dip into the area where Corrado will consider another raise. He has the worst timing ever for these raises so he will probably do it shortly. If it is done at this level it would move lode to the low one dollar and change area (IMO). I think they have around ~6-8 M left, which maybe barely gets us to the end of the year if they scraped the bottom of the barrel. If we have a further decline in gold prices lode will be in for some serious pain and more dilution. A share-price below a dollar is possible in those circumstances.
Other stocks in the sector other than lode have been doing better recently for the most part. This could mean lode is undervalued relative to its peers but this is not the case since most of those peers have profits. Lode is unproven in its peer group of junior producers. Until they prove themselves expect subdued trading and a low multiple. Just trying to keep it realistic.
Long term it can still be a good stock if the metals cooperate but lode must perform and must earn profits and they have to make a material amount of them consistently and return value to the shareholders who have been raped by Winfield and Corrado's leadership.
Recent LODE News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 10:15:33 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 09/19/2024 10:01:59 AM
- Comstock Updates on Business Commercialization, Investments and Real Estate Sales • GlobeNewswire Inc. • 09/19/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/18/2024 03:16:50 PM
- Comstock Fuels Executes International License Agreement • GlobeNewswire Inc. • 09/18/2024 03:10:14 PM
- Comstock Metals Secures New and Larger Revenue Contracts • GlobeNewswire Inc. • 09/17/2024 10:00:00 AM
- Comstock Metals Secures Multiple New Revenue Contracts • GlobeNewswire Inc. • 09/10/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 05:01:23 PM
- Comstock Metals Records First Renewable Metal Shipments and Sales • GlobeNewswire Inc. • 08/20/2024 10:00:00 AM
- Comstock Validates Record Renewable Fuel Yields • GlobeNewswire Inc. • 08/15/2024 12:33:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 09:05:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:30:45 PM
- Comstock Announces Second Quarter 2024 Results and Corporate Updates • GlobeNewswire Inc. • 08/08/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:02:15 PM
- Comstock Secures $325 Million Term Sheet for Investments and Real Estate Sales • GlobeNewswire Inc. • 08/08/2024 01:15:00 PM
- Comstock Inc. to Host Q2 Earnings Call on August 8, 2024, at 4:30pm ET • GlobeNewswire Inc. • 07/25/2024 08:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 10:15:23 AM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 07/19/2024 10:05:29 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/19/2024 10:01:58 AM
- Comstock Terminates Equity Purchase Agreement with New $2.5 Million Investment • GlobeNewswire Inc. • 07/19/2024 10:00:00 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/18/2024 08:21:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 08:16:26 PM
- Comstock Inc. Publishes its 2Q24 Stakeholder Perception Analysis Report • GlobeNewswire Inc. • 07/17/2024 10:00:00 AM
- Comstock Metals Secures First Industry-Scale Facility for Recycling Expansion • GlobeNewswire Inc. • 07/15/2024 10:00:00 AM
- Comstock Metals Receives County Operating and Storage Permit for Recycling Expansion • GlobeNewswire Inc. • 06/24/2024 10:00:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM