Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Morning CB fueled paper gold slam down well under way this morning. Sell that paper gold all you financial elites! You can always settle in newly printed fiat if anything goes wrong!
No, just mentally preparing for the unexpected.
So when preparing, what do you do... Sell all your shares?
Geo, Thanks and good luck to us all.
I'm just preparing for a surprise announcement, I've seen the totally unexpected happen before.
I think the deal is a given. Both companies compliment each other in many ways. When completed i don't expect a jump, just a conversion of
.185. As long as gold or silver continues this rise, we will also!
So if deal is somehow rejected, it is your contention that we shouldn't move down too much in pps short term. If deal is accepted we may see a bump.
1.50-2.00, best guess, it has not hurt, as of now. If SSRI break $10 (2 pennies away, another 10% should happen. So far things have been going so much as I expected, it is a tad unnerving.
Bullish option flow detected in Silver Standard Resources(SSRI) with 1,109 calls trading, 1.0x expected, and implied vol increasing over 1 point to 63.74%. May-16 10 calls and Jun-16 9 puts are the most active options, with total volume in those strikes near 410 contracts. The Put/Call Ratio is 0.38.
Geo, where do you think we would be without SSRI?
This has been a nice ride! Keep it going!!
It's odd it was so many shares and at such a late date. If they "want in" why not wait and buy SSRI shares, unless they expect a pop in pps upon closing.
interesting so big, JMHO not arbitrage, they want in is my guess
What do you guys make of this? This is enough shares to be the deciding vote one way or the other...
K2 Principal Fund acquire common shares of Claude Resources
TORONTO , May 16 2016 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that it has acquired 20,911,000 common shares of Claude Resources Inc (CRJ). As a result of the acquisition of such shares the Partnership owns approximately 10.58% of the issued and outstanding common shares of CRJ.
K2 acquired the securities for investment purposes only and may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over, or exercise its current rights to acquire, common shares or other securities of CRJ through market transactions, private agreements or otherwise
What to expect in days following, if deal is approved tomorrow. Anyone?
Sell that paper gold all day long, doo-da, doo-da
Central bank's balance sheet five miles long, oh, de doo-da day...
http://www.zerohedge.com/news/2016-05-16/gold-silver-are-being-dumped
Here we go, 10:20 on the money, the dollar is not up, WTF, how can any headway be made with these ass holes in control? Outright admitted fraud and yet it continues unabated.
Janet had better marshal the Fed's paper gold slam-down troops this morning! Who knows what will happen if it breaches 1300!
So +$11 for SSRI shortly after closing huh, I agree, very reasonable. I sure am glad I hung onto bulk of my shares, nothing I do compares to the continual pps appreciation that CLGRF has had.
My guess,Q for SSRI+CLGRF so good,extra20% pop in cards
$2-2.10 is my guess within a month all else equal.
I don't think the market reacted to mesterspeak and sold off PM's, I think they trotted this beast out to say more of the same, just to give them cover for another one of their smack downs. What a total farce! CLGRF and SSRI holding up nicely though.
What a F**G joke these markets have become!
Well, well, well, that didn't take long. Mester vomits up some rate hike Fedspeak and gold plummets. Now, let's see if the smell lingers at least until the close today.
Fed’s Mester calls recent inflation data ‘encouraging’
http://www.marketwatch.com/story/feds-mester-calls-recent-inflation-data-encouraging-2016-05-12?siteid=bigcharts&dist=bigcharts
The Fed appears to be losing street cred with respect to any rate increase this year, and that will likely be problematic for the regular morning U.S. paper gold slam-downs. I'm guessing most FOMC members will be feverishly jawboning a fictitious rate hike agenda for the balance of the 2016 fiscal fantasy tour.
Sell Everything, Just Buy Gold - Stanley Druckenmiller
Stan Druckenmiller has a investment track record that is few if any can match.
At the Ira Sohn conference this week he issued a warning for investors that we should probably listen to.
Eerily he issued a similar warning at the Ira Sohn in 2005 about the housing bubble, the only difference is that this time he believes the fallout will be worse.
Sell Everything, Just Buy Gold - Stanley Druckenmiller
As an investor how do you not pay attention to a man who has the track record of Stan Druckenmiller? Do you think that he just got lucky year after year for 25 years while managing Duquesne Capital Management?
For a 25-year period from 1986 through 2010, Stan Druckenmiller achieved an annualized rate of return of 30%. That is incredible.
Even more incredible, in fact downright unbelievable is that over that period of time he did not have a single down year.
http://seekingalpha.com/article/3973795-sell-everything-just-buy-gold-stanley-druckenmiller?li_source=LI&li_medium=liftigniter-widget
Thanks Geo. Own Teranga and Nevsun. Will look into other. If Edelson is correct end of May should be a good buying opp.
T
Yes, TGZ.to,NMKTF,NSU
Beat VANCOUVER, May 11, 2016 /PRNewswire/ - Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) ("Silver Standard") reports consolidated financial results for the first quarter ended March 31, 2016.
Paul Benson, President and CEO said, "We have had an excellent start to the year with 84,000 gold equivalent ounces produced at cash costs and AISC of $715/oz and $859/oz, respectively. We are well-positioned to continue with strong production in Q2 and the devaluation of the peso has allowed us to reduce our cash cost guidance at Pirquitas. Our robust operating performance has also allowed us to continue to add cash to the balance sheet despite investing in exploration and projects for the future.
The quarter was also important in the strategic development of the company with the announcement of the acquisition of Claude Resources. Pending the respective shareholder votes on May 18, the addition of the high-grade, high-margin Seabee operation in Saskatchewan into the Silver Standard portfolio creates a high-quality intermediate precious metals producer. The strengthened combined company will have low cost production, excellent exploration potential at each of its sites and an enviable balance sheet that will allow us to pursue both internal and external growth opportunities."
First Quarter 2016 Highlights:
(All figures are in U.S. dollars unless otherwise noted)
Announced the acquisition of Claude Resources: Establishes a high-quality intermediate precious metals producer by combining high-margin precious metals operations with scale and financial strength in attractive mineral belts and political regions.
Decreased cost guidance at Pirquitas: Reduced cash costs guidance to between $9.50 and $11.50 per payable ounce of silver sold after currency devaluation and achieving record low quarterly cash costs of $8.93 per payable ounce of silver sold.
Improved production and cost guidance at Marigold: As previously announced, gold production guidance increased to between 200,000 ounces and 210,000 ounces and cash costs guidance reduced to between $690 to $740 per payable ounce of gold sold due to mine productivity and the addition of three haul trucks.
Achieved lower quarterly unit costs at Marigold: The mine moved total material at $1.45 per tonne.
Increased ore tonnes to leach pads at Marigold: Stacked ore increased to 5.7 million tonnes containing approximately 60,000 recoverable ounces during the quarter and strip ratio declined to 2.0:1.
Increased cash balance: Quarter-end balance increased to $217.6 million, an increase of $5.8 million from year-end 2015 and $42.0 million from the first quarter 2015. Cash from operations totaled $12.7 million. Value of marketable securities increased by $6.6 million to $94.8 million.
Generated adjusted net income: Adjusted net income of $9.0 million, or $0.11 per share.
Advanced the Chinchillas project: Completed drilling program, metallurgical testing and Mineral Resources estimate on schedule for a fourth quarter development decision.
May 11 (Reuters) - Silver Standard Resources Inc(SSRI)
* Sees fy gold production from marigold mine 200,000 oz - 210,000 oz
* Qtrly revenue $101.5 million versus $111.7 million
* Silver standard reports first quarter 2016 results
* Q1 adjusted earnings per share $0.11
* Q1 earnings per share view $-0.03 -- Thomson Reuters
BTW bot 100 ssri before close 8.76 and put in 9.49 sell order for aftmkt, it worked, sold
Geo, you use the EV/EBITDA method, correct? Any look good today using that. With so many moving up, hard to keep track of the ones still in bargain range.
T
Pre-earnings options volume in Silver Standard Resources(SSRI) is normal with calls leading puts 11:2. Implied volatility suggests the market is anticipating a move near 9.2%, or 80cents, after results are released. Median move over the past eight quarters is 8.0%.
We will see
Goldman Sachs increased its gold price forecast (hmmm, partial admission they are losing control?) by an average of 10-15% over the next three years. The bank's gold price deck moved to $1,202 for 2016 ($1,097 prior), $1,150 for 2017 ($1,000 prior), and $1,150 for 2018 ($1,050 prior).
With higher prices, analysts now believe miners are well positioned to generate superior market returns.
Discussing impact for miners, analyst Andrew Quail said, "We expect gold miners’ EBITDA margins to rise over 4% on average over the next 12 months, driven by rising gold price. Mining consumables deflation is widespread, and FX and energy tailwinds continue to positively impact miners’ bottom lines. Since 2012, gold miners have successfully lowered their cash costs by 30% on average to adapt to the lower gold price environment. For many companies this was a survival tactic, while for others it was necessary to unwind the bloated cost bases built over the last upward gold cycle. Now, it's a different story."
"Ultimately, we still prefer miners with volume growth, low costs, strong balance sheets and low geopolitical risk exposure that generate superior FCF and EBITDA growth. For valuation purposes, we move to EV/EBITDA from adjusted FCF (CFO-sustaining capex), as going forward we believe that it will be more difficult to differentiate between sustaining and expansionary capex, a fundamental driver behind our methodology.
Paper gold slam-downs seem pretty weak this morning. The HFT's must have mopped up too many of the stop-loss sells on Monday and Tuesday. Oh well, on to the next level, then rinse and repeat.
Paper gold slam-down still on, but losing steam. The elites and their minions at the central banks will probably need to create a new diversion today.
Perfectly normal trading action...NOT!
Getting smacked pretty good!
Regular early morning U.S. slam down in paper gold? Check the "yes" box.
Yes 10%, and Pretium owns Blackjack,one of richest mines ever.
No time to watch right now, I presume what you mean is SSRI owns a percentage of Pretium?
We get 10% of Pretium, WatchThisVideo! http://www.europeangoldforum.org/EGF16/company-webcast/PVG:CN/
Wow, one hole had kilos of gold per ton, the video has the core sample.
me too, but just sold it, GGN was under NAV and now over NAV, you can read on SeekingAlpha about that. If it goes under NAV again will buy back.
$1297, its trying for new highs, CLGRF/SSRi roaring again today.
Didn't take them long to smack it back down $10. I would say this is the reason for the spike:
http://www.zerohedge.com/news/2016-05-06/june-rate-hike-odds-collapse-record-lows-market-prices-no-hikes-through-feb-2017
I have a nice little position in GGN. They follow natural resources, so gold and oil, which I think is a good area going forward. 10+% dividend too. Something for income investors that think oil and gold will be going up.
T
Yeah, Edelson actually thinks it is more important to get a correction now rather than go to 1450. If we go there the correction will be longer and more severe. So I am waiting to see what plays out.
T
From the looks of that spike up just now, I'd say they'd better call someone in early.
It's not 10am yet.
Where's the usual paper gold morning slam-down? Is someone asleep at the CB hegemony wheel?
This is good too, the word is getting out that you can make huge if not historic returns in miners at current prices as apposed to the general mutual fund stocks that are either stagnant or losing money. I think we are fast heading into a huge bull market in miners even after already doubling or tripling! IMO there is more at work here than just the price of gold rising every day.
http://www.ino.com/blog/2016/05/precious-metals-every-bit-as-explosive-as-secretariat-at-the-belmont-stakes/#.Vyv3EoQrJdg
CLGRF/SSRI holding up well, SSRI earnings on the 11th I think.
Why bull may just be starting for miners http://edrsilver.com/_resources/presentations/EDR_presentation_may_2016_website.pdf?v=3 check out p38,39 charts. Endeavour Silver shows why we are likely at end of bear market in gold stocks
Compelling going back 80 years that the bear was about as long as they ever go, and dropped the normal amount, and we have 3 years of bull ahead.
Worth a look.
Why put this up is Edelson says we may have strong 3 week drop. If so, not a big deal in long run.
Followers
|
47
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
2291
|
Created
|
06/21/07
|
Type
|
Free
|
Moderators |
Claude Resources Inc. ("Claude" and or the "Company") is a fully integrated Canadian gold exploration and mining Company that has the proven ability to "Discover, Develop & Deliver". The Company has a strong operating base and significant upside. Having been in operation during times of low gold prices, Claude has proven that it has the ability to survive challenging business environments.
Claude's asset base is located entirely in Canada and since 1991, Claude has produced over 1,000,000 ounces of gold from its Seabee Gold Operation in northeastern Saskatchewan. The Seabee Gold Operation hosts 422,900 ounces of gold Mineral Reserves and 758,100 ounces of gold in Mineral Resources. The Company also owns 100 percent of the Amisk Gold Project in northeastern Saskatchewan.
http://www.clauderesources.com
CONFERENCE CALL OF 3/31/2015 REVIEWING RESULTS OF 2014
http://podcast.newswire.ca/media/claude20150330.mp3
CONFERENCE CALL OF 3/31/2015 PDF SLIDES
http://www.clauderesources.com/images/file/Presentations/Conference%20Calls/Q4%202014%20Conference%20Call%20and%20Webcast-FINAL.pdf
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |