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Personally I think you should be taking profits right now at 1.55 range. Sure it could go up but you've already won. Get out and move to the next. Maybe keep watching to see how it responds.. I haven't been wrong about this stock in the last 2 months.. There is a first time for everything though.
SSRI is ripping it, will be $10 in no time, I must say I don't think CLGRF would be pushing 1.60 without them, I'll admit when I'm wrong, I am definitely a yes vote!
Still breaking out. $
SSRI 8.07, CLGRF 1.46, Breakout for SSRI
This is what was hoping for, and expecting, a run by both.
Yes, buying 11 Call 2018 Leaps sell fewer 1 month out 17s. Hope is to sell more daily decay that lose, yet still have upside if Vix runs
are you using options with time premiums which can decay? I have done a few with rydex short funds
as I believe this major market can crumble, or crash. If it just dribbles down one may have to roll out to the next month. Alternate would be to sell short puts where by you collect the time premium.
CLGRF is now a 10 Bagger, My original goal when bot down to and even below .14. Very blessed on this investment. SSRI has broken out today, and if gets to 8.03 that would be near 2 year breakoutfor SSRI. It is tethered by arb folks within 1% it seems at any time (SSRI-CLGRF).
I have set up some VXX option plays in case gen mkt crashes
with mathematics like this....C-diligence, you should have more than 4 followers.....ad me to your stable...
come to my study group and elaborate your thought process freely.
youre welcome anytime. ... I appreciate thorough explanations like this.
thanks Look at the fed bubble in 2000 and then now. Doesn't look good for major markets. Should be excellent for PMs
general mkt, ominous sign, margin chart
This year a dropping mkt was good for gold stocks, so far at least.
http://www.advisorperspectives.com/dshort/updates/NYSE-Margin-Debt-and-the-SPX
right now all my golds look like they have a short term top. May not get enough pull back to justify selling and buying back IMO. Yes gold is in a new bull again so clgrf and ssri should run. With gold and silver moving up especially silver I think ssri would be the place to be. So I am ok with the merger
Hi JSC, Think CLGRF will run again here. SSRI has created my favorite 2 day candle pattern, red hammer engulfed so far today. If SSRI runs CLGRF runs.
I have been flipping coins. I am betting gold will be over 1800 B4 year end if that is the case a yes vote would be best. But my small 10,000 shars won't make any difference, but will vote yes anyway
Have you looked at MUX and Calvf both pay div and have good production and balance sheets. I like your nsu and looking at TGZ but pref those with a div. if risk is equal Gold/ Silver just getting started back on the bull. silver gold ration back under 80 should get to under 30 IMO so buying physical silver too.
I voted no, but it could work out nicely. If gold goes up, its a good deal.
I have been posting on TGZ, I will jump over to TGCDF. BTW if you can trade TGZ, its only .005 bid/ask. much better
The cork started a message board here for Teranga, for those of us invested there.
T
Geo, I have a small position in TVIX. However, it is a tough play. Unless market really turns down, stay away. But, it works off the VIX and volatility. Has helped in last couple of corrections, but should have sold all weeks ago. If you think market is turning jump into a little as a tester and get used to how it trades. In 4's now.
T
CASS, on 4/6 CLGRF was 1.05, SSRI was 5.79... (1.05 + 25% = 1.32), (5.79 + 25.5% = 7.27). Everything is in line, it has to be, we are tethered to SSRI until the vote. Conversely on 3/4 deal announcement CLGRF was lagging @ 94.5 before the 30% premium, SSRI was 6.69...(.945 + 40% including 30% premium = 1.32), (6.69 + 8.5% = 7.27). Although this will normalize, CLGRF is actually 1.5% +/- ahead right now.
Thanks, CD, for the response. I reread the information put out by Claude with the announcement, and they did make several good points, but as I read it I kept in mind that they were selling their position. (Is "kept" a real word?) I've suffered with Claude since Red Lake days so my reasoning is jaundiced.
Since the announcement of the deal on 4/6, SS is up 25%, where Claude is up only 20%, with both stocks moving away from relative flat chart positions. It seems to me that the market prefers the SS side of the bargin. I keep wondering if I'm riding the wrong horse? Or maybe I should heed the old adage of being careful of where you are when you change horses.
Thanks again for the response, and please ignore my name being in all caps - it wasn't intended.
Geo, Miners went down in 2008-09 because they were fairly-over valued back then and that was with gold at $750. I don't think we have even reached the point they fell to in 2008-09 (still below that level) yet, and gold is $1260.
True but goldminers did go down in 2008-9 crash
It is just so much easier to make money on rallies than crashes, although I am all ears if someone knows a good way on crashes?
Geo, Don't forget that the PM mining sector is still at historical lows maybe not to be seen again in our lifetimes. If the broader market crashes, miners might not move too much to the downside since they could very easily still be undervalued, plus you you would have a safe haven trade, the likes of which have never been seen.
CASS, right now, until deal is decided on, we are tethered to SSRI up or down, its hard to say where CLGRF would be on their own right now, maybe right where we are at, maybe less. There will be a point though, in the short term, if SSRI gets to $8-$9 with CLGRF in tow, you would have to wonder at that point where CLGRF would be on their own? SSRI at $8 puts CLGRF @ $1.50 +/-, our volume is way up due to earnings and SSRI's rise. I think management wants to lower the risk by being more liquid, diversified and having SS capitol to work with. Read bullet points on post #2050 for more information. I will be waiting until the last minute to decide how to vote. Any other opinions would be welcome.
Yes TDCDF/TGZ.to is doing fantastic, results out today, new high. I am up 45% just in last few weeks. Its over a 2 bagger in 10 weeks.
NSU if you are a brave one, its in Africa in more dangerous spot Eritrea, But 400 mill cash tucked away in Canada, no debt. 1 EV/EBITDA Been buying it.
1.32 now, fairvalue at announcement. Yes, still a no, but either way looking better now as SSRI is going up. We should be able to see SSRI Q results before the vote?
Either way CLGRF should continue up. BTW silver has broken out.
I have always wanted to be able to make money in bear mkts, but it is tough. Others show other reasons why SP500 will drop soon. I have 185/165 Put spread on it, but so much easy to make money on up things than down things. Claude is a 10 bagger now, $1000 becomes $10,000, but if mkt crashes 40%, you make just 40%.
Any great ways to risk little and make mucho on a mkt or sector crash out there?
Your wording leads me to believe you see SSRI as the cause and Claude as the effect. It strikes me it is the other way around, and is why I have voted "no". Have I misunderstood?
Silver Standard willing...
Push to 1.60s+ by end of week. Road the .78 to 1.13 breakout. Held up nicely after filling gap. Congrats to longs who held!
T, Maybe but, I think with gold's help SSO/SSRI investors just realized the value of Claude. SSRI is now .27 cents above the March 4th high when the deal was announced, we are now tethered to SSRI on the upside. If this continues, I will go along with Claudes recommendation and vote yes.
T, Maybe but, I think with gold's help SSO/SSRI investors just realized the value of Claude. SSRI is now .27 cents above the March 4th high when the deal was announced, we are now tethered SSRI to the upside. If this continues, I will go along with Claudes recommendation and vote yes.
Gold is running tonight already @ $1246, the lies and arithmetic can only be hidden for so long, I think the PM sector is in for some HUGE once in a lifetime gains.
I have not received any proxy yet. But if gold and silver look to be breaking out I may vote yes as then ssri appears to be a better mover
I just submitted my "No" vote.
Dino
Geo, What a great day for PM stocks. I'm sure glad I bought TGCDF instead of LODE, as well as CLGRF is doing since I sold 10%, I'm doing 100% better than if I would have that 10% in CLGRF, thanks for the tip.
Are you still a no vote? I will be okay with it if SSRI shows some life between now and then and so far they are, up .27 today, pretty damn good!
mexico is not as good as it was, because of that tax
Geo, Here are some good looking charts as of 4/8....
http://www.321gold.com/editorials/sfs/hubbartt040816.html
Claude Resources Mails and Files Meeting Materials for Upcoming Special Meeting of Shareholders
They are pushing pretty hard for a yes vote...if SSO/SSRI doesn't recover to March 4th high (doing quite well last few days) before the vote I'm not sure they will get it.
SASKATOON, SASKATCHEWAN--(Marketwired - Apr 8, 2016) - Claude Resources Inc. (CRJ.TO) (CLGRF) ("Claude" and or the "Company") today announces the SEDAR filing and mailing of the shareholder meeting materials for the previously announced Plan of Arrangement (the "Arrangement") with Silver Standard Resources Inc. ("Silver Standard").
The Arrangement
As Claude announced by press release on March 7, 2016, this is a negotiated transaction recommended by Claude's Board whereby Silver Standard will acquire each outstanding Claude common share ("Common Share") for 0.185 of a Silver Standard common share and $0.001 in cash (together the "Consideration"), valuing each Common Share at approximately $1.65 based on the closing price of Silver Standard's common shares at March 4, 2016.
The Meeting
Claude shareholders as of the record date of March 28, 2016 have the right to vote by proxy or in person at the Special Meeting of Claude shareholders (the "Meeting") to be held on May 18, 2016 at 11:00 a.m. (Saskatoon time) at the Saskatoon Club, Upper Lounge, 417 - 21st Street East, Saskatoon, SK.
Benefits of the Arrangement
• Significant Premium to Claude Shareholders. The Consideration represents a premium of 30% to the closing price of the Claude Shares on the TSX on the last trading day prior to the announcement of the Arrangement and 25% to the 20-day VWAP of the Silver Standard Shares and the Claude Shares on the TSX.
• Diversification of Single Asset Risks. Single asset and single metal companies are subject to considerably higher specific risks than companies with several projects. Exposure to Silver Standard's asset portfolio and strong balance sheet will considerably reduce those risks.
• Participation in the Combined Entity. Claude shareholders will own approximately 31% and maintain significant exposure to the combined company. Claude shareholders will benefit, among other things, from increased technical expertise, greater ability to finance, asset diversification, greater analyst coverage and increased share liquidity. The combined company is also expected to realize other synergies from the combination of Silver Standard and Claude.
• Continued Participation by Claude Shareholders in the Seabee Gold Operation. The Claude securityholders, through their ownership of Silver Standard Shares, will continue to participate in the value associated with the Seabee Gold Operation. In addition, the combined company will be in a strong position to undertake further exploration and development of the 23,300 hectare land package at Seabee, which remains largely underexplored.
• Fairness Opinions. The Fairness Opinions from National Bank Financial Inc. and Canaccord Genuity Corp. concluded that, subject to and based on the considerations, assumptions and limitations described in the Meeting materials, the Consideration to be received by Claude shareholders pursuant to the Arrangement is fair, from a financial point of view, to Claude shareholders.
The Meeting materials will include a Management Proxy Circular that contains, among other things, details concerning the Arrangement, the reasons for and benefits of the Arrangement, the risks associated with the Arrangement, the requirements for the Arrangement to become effective, the procedure for receiving payment for Common Shares, voting at the Meeting and other related matters. Shareholders are urged to carefully review the Management Proxy Circular and accompanying materials as they contain important information regarding the Arrangement and its consequences to shareholders. Assuming a successful shareholder vote and satisfaction of the other conditions required under the Arrangement, including approval of the Arrangement by Silver Standard's shareholders, closing is expected to occur on or about May 31, 2016.
The Board of Claude Resources Inc. UNANIMOUSLY recommends that shareholders vote IN FAVOUR of the Arrangement.
Your vote is important regardless of how many Common Shares you own. The Company encourages shareholders to read the Meeting materials in detail.
We may need that, quote from stockhouse TGZ board.
"For anyone interested, I spoke with Stacey (pr staff) today with regards to Pitarrillas. My concerns stem from some analysts/writers on the net having expressed deep concerns about the water moratorium on new water drilling. She elaborated on three things that have changed since the original mine study was done in 2012. 1) Government of Mexico has implemented a new tax on PM producers that needs to be considered. 2) Company does not consider the water moratorium to be an issue and they are extremely confident that they will be able to tap into the properties existing aquifer without any major problems. 3) AG price of course has plummeted and the study was done when the price was around 25$ which is where they need the price to go to give this project serious consideration."
Today, Amendment
NOW THEREFORE for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each of the Parties, and the mutual promises set forth in this Amending Agreement, Acquiror and Claude hereby agree as follows:
1. Defined Terms. All capitalized terms used in this Amending Agreement shall, unless otherwise indicated herein, have the meanings ascribed thereto in the Arrangement Agreement.
2. Amendment to Section 5.4.1(c). Section 5.4.1(c) of the Arrangement Agreement shall be deleted in its entirety and replaced with the following:
“(c) ensure that, with effect as and from the Effective Time, one individual who will be a nominee of Claude, acceptable to Acquiror, acting reasonably, shall be appointed to the Acquiror Board;”
Seeking Alpha on CRCUF, lots of upside potential from near term producer.
http://seekingalpha.com/article/3962895-canarc-resource-corp-near-term-producer-looks-undervalued
Gold prices notched their largest quarterly gain in three decades, showing that worries about the markets and economy continue despite a six-week-long rally in stocks, bonds and commodities.
Gold prices rose 16.5% in the first three months of the year, the biggest leap since 1986. Holdings at SPDR Gold Shares, the world's largest gold-focused exchange-traded fund, are approaching their highest level since December 2013, while traders are placing more bets on rising prices.
The rally is a rare bit of good news for a metal that has been in retreat for much of the past five years, a period when U.S. economic activity picked up and the dollar surged. Even so, many investors remain skeptical that gold will go much higher unless the global outlook dims considerably.
"This is one of the most surprising gold rallies I have ever seen," said Ira Epstein, a strategist at the Linn Group who has been trading gold for 40 years.
Net bets on higher gold prices by hedge funds and other speculative investors stood at 161,610 contracts in the week ending March 22, their highest level since February 2015, data from the Commodity Futures Trading Commission showed.
Jeffrey Gundlach, who runs Double Line Capital LP, said in January that gold could rise as high as $ 1,400 a troy ounce this year. He repeated the call again in March, but said he had become more nervous about the metal, given the magnitude of its recent rally.
Hedge-fund manager John Paulson pared his long-held bet on gold by $400 million in the fourth quarter of 2015, according to a 13F filing. A spokesman for Mr. Paulson didn't comment.
Gold-mining stocks also have racked up big gains, although many have drifted off their earlier highs. Newmont Mining Corp(NEM) is up 48% so far this year, Randgold Resources has gained 54% and Barrick Gold Corp.(ABX), the world's largest gold miner by output, is up 72%.
I have talked to Marc about it. Yes, Brian also talked in CC about it, not too long, best for you to listen to it.
BTW SSRI is recovering after another dump in morn. 1Q should be very good for them.
Was there any indication in the CC as to why the rush to sell to Silver Standard or anyone for that matter?
True, but profits not released. No doubt SSRI is holding back CLGRF price here. One shareholder was totally ticked in CC.
But I do like SSRI if USD gold goes up, superb profits will follow as their gold volume is so high.
Teranga is on a tear, what a chart now. Broke a 2 year drawtrendline today (TGCDF)
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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
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