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SHORT BETTER COVER HERE !!!
http://www.shortsqueeze.com/?symbol=aumn&submit=Short+Quote%99
HUGE GOOLD MOVE HERE and HUGEASS BID ON STHG.......also watching PCFG for a BOUNCE. Hammer
STHG on JV and GOLD NEWS.....Hammer
January 25, 2012 10:00 AM Eastern Time
Stratton Holdings, Inc. Releases Details on Joint Venture for a Multi-Million Dollar Gold Mining Operation in Sierra Leone
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Stratton Holdings, Inc. (Pink Sheets: STHG) is pleased to announce details regarding its recently signed Joint Venture for a Gold Mining Operation on the Sewa River in the Bo District and Kenema District of Sierra Leone West Africa, with revenues projected in excess of $16m. The JV is between Sierra Gold Corporation, Inc. and STHG’s partner, Accurate Resource Development Corporation. The first in a series of such ventures, the companies will work together utilizing alluvial mining operations to harvest resource-rich river concessions beginning with a 5-acre plot.
“As well, we’ll be launching our official website soon and we invite existing and prospective shareholders to visit our countdown page at www.STHGgold.com and sign up for our email list for updates and info on everything we do.”
STGH CEO, Cedric Atkinson states, “Aside from the fact that we have proven assay reports from two separate laboratories verifying 18-22 grams of gold per ton, this particular concession is also known as one of the world’s top alluvial diamond rivers.”
As a majority partner in the JV, Accurate Resource Development will deploy a 50-ton per hour mobile placer plant and fully operational support equipment to Sierra Leone starting 2012 with refinement of recovered ore conducted in the U.S. thereafter. “We have managed to keep cost per ounce at no more than $800, with the abilities to produce well over 10,000 oz. by 2014 on this concession alone, giving us tremendous upside potential,” states Atkinson. Finance leader, Goldman Sachs, recently increased its three-month forecast by 7.0% to $1,760 a troy ounce from $1,645/oz., its six-month forecast by 5.8% to $1,830/oz. from $1,730/oz. and its 12-month forecast by 3.8% to $1,930/oz. from $1,860/oz.
In addition to frequent updates on the JV, the company continues to progress with negotiations toward closing deals on attractive concessions in Northern California. Lastly, executives are thrilled to announce that Accurate Resource Development Corporation are in discussions for another concession in British Columbia, Canada. The concession has extensive drilling reports and approximately $1.2 million in drilling costs furnished to date.
“We are in an aggressive expansion phase toward collective benefit; acquiring and/or producing near term mining claims, positioning the company for systematic growth and multiple revenue streams,” states Atkinson. “As well, we’ll be launching our official website soon and we invite existing and prospective shareholders to visit our countdown page at www.STHGgold.com and sign up for our email list for updates and info on everything we do.”
Stratton Holdings Inc. is publicly traded on OTC Markets with a focus on Resource based initiatives such as Gold and mineral mining as well as business operations in other sectors which management feels has potential for long-term growth and/or near-term revenue opportunities.
Contacts
For Stratton Holdings Inc.
Investor Relations:
Dale Baeten, 920-273-7941
KGC Kinross Gold Corp. (10.54) produces 2.5 million ounces of gold annually, operates 10 mines, with projects in North and South America, Russia, and Africa.
Kinross is the 7th largest gold producer world wide.
Website: http://www.kinross.com/
Pinksheets: http://www.otcmarkets.com/stock/KGC/quote
Ihub: http://investorshub.advfn.com/boards/board.aspx?board_id=6036
The 24% take down following news that KGC intended a review of its project-development plans and an impending non-cash impairment charge relating to goodwill from its $7.1 billion merger with Red Back Mining in mid-2010 is pure bull shit and a typical market over reaction. Kinross opted to dial back its timeline a bit in favor of careful planning to remove some execution risk and ensure the optimal allocation of precious capital. Smart move. Best opportunity to acquire a major at bargain prices we will see for years imo.
Kinross Provides Preliminary 2011 Results and 2012 Outlook http://www.otcmarkets.com/stock/KGC/news
The Comprehensive View of Kinross Gold http://www.fool.com/investing/general/2012/01/19/the-comprehensive-view-of-kinross-gold.aspx
Kinross Gold shares down nearly 20 per cent http://www.canadianbusiness.com/article/66206--kinross-gold-shares-down-nearly-20-per-cent-amid-troubles-at-tasiast-mine
Kinross Gold in Play After Paying Too Much: Real M&A http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/01/20/bloomberg_articlesLY0O050UQVI901-LY3PU.DTL - Ridiculous! "Remember that there were 8 million ounces when we acquired it, acquired the asset; now we've done the drilling to define 21 million ounces."
img]stockcharts.com/c-sc/sc?s=kgc&p=d&yr=1&mn=0&dy=0&id=p73545489981[/img]
A STEAL !!!!
PAAS just bought out MFN for 15$/Share
AMAZING AND CHEAP !!!!
Jay Taylor, Gold, Energy & Tech Stocks (1/13/12) "Golden Minerals Company reported significant operation improvements at the Velardeña project since its merger with ECU Silver Mining Inc. on Sept. 2, 2011. . .the company has enormous growth potential , and I believe the kind of values these shares reached in 2010 can be reached again and that a liftoff may well be just getting underway now. . .the acquisition of this property by this management team that is highly competent in mine operations has enabled the company to generate positive cash flows from which to develop its very strong portfolio of mining projects."
Chen Lin, What Is Chen Buying? (1/13/12) "This morning Golden Minerals Company announced excellent news. Its Q411 production far exceed guidance. . .I think this news is likely the company's turning point since the brutal sell off last year. I've followed the company for a long time; the management team has a lot of experience in operating mines. This shows that they are finally turning the mine around. I read a report on silver mining, and Golden Minerals right now is probably one of the most undervalued silver producers in term of silver ounces in the ground."
Full
Sep-Dec Sep-Dec Year
'11 Fcst '11 Act Q1 2012 Q2 2012 Q3 2012 Q4 2012 2012
-------- -------- -------- -------- -------- -------- --------
Production (payable metals)
Gold (oz) 1,000 1,300 1,300 2,000 2,600 3,100 9,000
Silver (oz) 42,000 90,000 90,000 150,000 230,000 270,000 740,000
Dear Santa clause, please send us a QE3, to push siver above 100$/once.....
Jay Taylor, Gold, Energy & Tech Stocks (12/16/11) "World-class silver properties in Latin America and loads of cash make Golden Minerals Company (AUMN) not only a likely survivor, but also a household name over the longer term; with $33M in working capital and another $30.6M raised on Oct. 3 at $7.44/share, the company is sitting pretty. This remains a favorite, but as with all exploration and development companies, considerable patience is required."
http://www.theaureport.com/pub/co/763#quote
DJ PRECIOUS METALS: Gold Rebound Fades As Euro Slips From Highs
Dec 15, 2011 By Matt Day and Tatyana Shumsky
--Comex February gold down $15.80 at $1,571.10 a troy ounce
--Euro climbs back above $1.30, but gives up earlier gains
--Gold's break below its 200-day moving average seen raising chance of further declines
NEW YORK (Dow Jones)--Gold's earlier rebound on Thursday ran out of steam, as fading gains in the euro and the view that a monetary-policy boost to the euro zone was unlikely before the end of the year pushed futures into negative territory.
The most actively traded contract, for February delivery, was down $15.80, or 1%, at $1,571.10 a troy ounce on the Comex division of the New York Mercantile Exchange.
On Wednesday, gold futures sank below $1,600 for the first time since early October and settled at a five-month low. Investors shed precious metals and flocked to dollar-denominated cash after the euro slumped below $1.30 for the first time since January.
Futures staged a cautious rebound Thursday, rising as high as $1,595.80 as the euro ticked higher against the dollar and as some traders saw a bargain in the metal's steep declines. But the dollar bounced off its lows by midmorning, making dollar-denominated futures more expensive for buyers using other currencies, and gold turned lower.
"The market is still looking for the bottom," said Ira Epstein, director of Linn Group's Ira Epstein division.
The overriding concern for gold traders remains Europe's debt crisis. Prices slid this month as investors, worried about a potential euro-zone credit crunch, turned to cash instead of the perceived safe harbor of precious metals.
Gold tends to benefit from an environment of ample liquidity, and the view that the European Central Bank and the Federal Reserve were unlikely to disclose new cash-pumping measures before the end of the year has taken much of the shine off gold.
Some gold bulls had placed their bets on hopes that central banks in the U.S. and Europe would disclose firm steps to shore up the global financial system, Epstein said. "When the market got neither of those, and other [economic] fears didn't move it higher," sellers came in, he added.
Gold's decline on Wednesday saw prices breach the 200-day moving average, viewed as an important technical level, which triggered automatic selling orders and likely accelerated losses.
This is the first time since January 2009 that gold slipped below this technical indicator and "further selling is likely at first, and in the short-term we do not exclude the possibility of the price decreasing to below the $1,500 a troy ounce mark," said analysts at Commerzbank in a note to clients.
-By Matt Day, Dow Jones Newswires; 212-416-4986; matt.day@dowjones.com
-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; tatyana.shumsky@dowjones.com
(END) Dow Jones Newswires
12-15-11 1113ET
http://news.tradingcharts.com/futures/4/0/170205604.html
BPMSF Bralorne Gold Mines Ltd. (.869) Gold producer operating in southwest British Columbia. Grand re-opening on May 27, 2011 marked by pouring the first gold brick produced through the current redevelopment and expansion of the operation. 100 TPD mill expandable to 500 TPD.
Production Projections for 2011 & 2012
Milling Rate: 100 TPD
Operations: 330 Operating Days
Expected Head Grade .38 oz Au/t
Projected Recovery: 92%
Gold Produced: 11,540 oz/Au
Gross Revenue:* $15 million
Cash Production Cost per oz: $450 - $500
Annual Cash-Flow $9.2 million
Monthly Cash Flow: $766,666
Website: http://www.bralorne.com/s/Home.asp
TSX as BPM: http://tmx.quotemedia.com/quote.php?qm_symbol=BPM
Pinksheets: http://www.otcmarkets.com/stock/BPMSF/quote
IHUB: http://investorshub.advfn.com/boards/board.aspx?board_id=6444
img]stockcharts.com/c-sc/sc?s=bpm.v&p=d&yr=1&mn=0&dy=0&id=p00923073879[/img]
It never ceases to amaze me how normal corrections in gold get everyone so bent out of shape. Europe is collapsing and Western nations can’t balance their budgets. Japan is headed for a monumental collapse, and the combination of an aging population, a 200% debt to GDP ratio, and an overly xenophobic population guarantees an epic crisis there. Here in the U.S., the profligate spending of our leaders has put us in a situation where it costs about $300 billion a year to service our debt. Given this backdrop, why the hell are you concerned that gold fell $60? The bill has literally not come due for America, Japan, and Europe.
Today’s sell-off was driven largely by technical factors. I said in my newletter that a break below $1600-$1614 would precede a sharp drop. This is a market that is not being driven by fundamentals right now, and if you get shaken out of your position before a rocket launch to new highs, well, that’s your fault. I guarantee the smart money is salivating right now because they see the value in gold.
My problem is probably that I read too much, so current events just seem like a replay of the past. To forecast events accurately, you need to understand history and human nature. People are fundamentally driven by self-interest, and the only time leaders actually do things to benefit the people is when their self-interest is aligned with the people’s. Think about it: why have there been so many instances in history where a leader is good at home and an absolute brute abroad? Same people, but different behaviors required for self-preservation. Understand that the self-interest of our leaders guarantees there will be no solution to this crisis because they want to pass the blame to someone else. People like Barney Frank screw us over, then they just retire as millionaires. Do you think most politicians care about our future?
These are extreme times, so you must re-calibrate the way you think and your understanding of price movements. On a percentage basis, these moves in gold are not that big. But since so much money is being printed, the perception will be of extreme volatility. Both the stock market and gold have been extremely choppy within a range, and this means we will probably see some crazy volatility. But I would be buying all the huge corrections in gold.
I see the big picture. Our leaders are acting like morons, but Americans are letting them get away with it. After I make my money from this debacle in the U.S., I’m probably leaving the country because the lunatics have taken over the asylum. U.S. citizens can now be detained indefinitely in U.S. soil if they are suspected of being a terrorist. Seems pretty subjective to me. If you don’t think this is bullish for gold, you are nuts.
I could write a book about the troubling trends in America and their precedents in history, but I’m too busy protecting myself from the collapse in America our leaders are creating. A new monetary system MUST be created. This implies bank runs and serious civil unrest. A default in America will come, probably before 2020. Try to see things from a broader perspective and stop worrying about insignificant corrections in gold.
expectedreturnsblog.com/gold-is-going-nowhere/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ExpectedReturns+%28Expected+Returns%29
La folie se poursuit....
AUMN n'arrête pas d'annoncer des interceptions hors du commun...
http://finance.yahoo.com/news/Golden-Minerals-Continues-iw-3370258043.html?x=0
Et rien à faire, le prix descend encore et encore....
Au prix actuel, nous sommes à 216M$.
AG (Qui à le même profil) vaut + 1.5B$ (7X PLUS)
L'argent est le secteur d'avenir, moins stable que l'or, mais au potentiel de hausse sans limite.
Pour moi, il faut accumuler sur faiblesse et attendre son heure.
Graphique Or/Argent (Argent en Bleu)
http://www.edito-matieres-premieres.fr/elements/emp/newsletter/images/contenu/111213_argent_or.png
Argent métal : Une opportunité épique !
http://laboussole2012.wordpress.com/2011/12/13/argent-metal-une-opportunite-epique/
Argent métal : L’offre et la demande
http://laboussole2012.wordpress.com/2011/12/11/argent-metal-loffre-et-la-demande/
Recent infill drilling at the west Yaxtché deposit, located on the 58,000 hectare El Quevar project, continues to intersect high grade silver with relatively wide intercepts.
Drill hole QVD-344 contained 11 meters of 467 grams per tonne silver, including two meters of 1,204 grams per tonne.
Drill hole QVD-348 contained 16 meters of 889 grams per tonne silver, including 11 meters of 1,160 grams per tonne.
Drill hole QVD-352 contained 26 meters of 535 grams per tonne silver, including three meters of 1,046 grams per tonne, and an additional six meter intercept of 1,151 grams per tonne
THIS IS THE RBY OF SILVER !!!!!
AUMN (GOLDEN MINERALS) at the end of the article.....
http://www.sprott.com/Docs/InvestorsDigest/2011/november-18-2011.pdf
AUMN has now 38M shares (post ECU merger) x $7.50 = $285M
This is still a TINY share structure.
There are almost no miners with resource base this large that don't have 100+MM shares out there.
AUMN is on track for run rate of about 1.65M oz production at Velardenas in Q4 2012.
CEO says it will become cash flow positive end of Q2.
The PEA for Velardenas 2000 tpd expansion is due Q2 as well.
They conservatively are looking at about 4M oz silver, 80k oz gold, and significant zinc/lead annual output, and this will be a long life mine.
Also, look for update 43-101 updates on Velardenas, El Quevar, and Zacatecas THIS QUARTER.
AUMN already has huge resources, so things are only gonna get better.
Moving ozs from inferred to M&I is going to raise the valuation in a big way. All the other companies whose ozs are valued this cheaply are exploration companies far away from production, but AUMN is now PRODUCER.
This stock has been under relentless short attack this summer, but its OVER. I suspect the Wall Street guys are manuevering AUMN down so a "favored" big miner can swoop in for cheap takeover IMO.
Also, El Quevar is shaping up to be a world-class silver deposit and has room to get very very big. It's pure silver and above average grade.
They have a LOT of cash now, almost 1/3rd the share price is cash, and this is like picking up money off the floor. This is a great multiyear play on silver. BTW I am long.
http://www.swissmetalassets.com/china-controls-solar-industry.html
China Now Controls the Solar Industry
Published November 16, 2011 | By Swiss Metal Assets
Solar Panels
Recently American solar companies like Solyndra, Evergreen Solar and Spectrawatt have filed for bankruptcy. These events may lead investors to believe that Solar is finished.
The US solar industry was hit hard by announcements out of Europe that some nations, like Italy, were scaling back their expenditures on solar due to their debt crisis. At the same time we have nations like India announcing a US $19 billion plan to produce 20GW of solar power by the year 2020.
Where will the solar panels for this market be manufactured?
India does not have sufficient rare industrial metal inventories or rare earth metal production to meet the demands of the government plan.
China has positioned itself as the country with 97% control over the majority of rare industrial metals and rare earth metals needed to produce high efficiency solar panels.
What does this mean for companies producing solar panels?
Among many other reasons for restricting exports of rare metals, China wants companies to produce the products in China to keep its workforce employed. If companies want to import metals from China in to produce the panels in other nations they will have to pay much higher prices for the metals due to taxes, shipping, export costs and other import costs. Accordingly, The US manufacturers will have a difficult time competing with the manufacturers in China.
The other issue that the companies do not want to talk about is government subsidies and tax breaks. Jason Burack the co-author of the, ¨Dragon Metals Report¨, and owner of www.wallstformainst.com recently said, ¨Message to all CEOs in solar, “Switch immediately to the best Solar panel technology using materials like rare earths, rare industrial metals and graphene and stop relying on the government for subsidies to produce inferior technology panels the market does not want, also a successful long term business model for any company should not be to rely on getting all of your revenue and contracts from the government, which is what many solar companies have done¨.
There are three, ¨Thin-Film PV¨ kinds of solar panels.
1. CdTe or Cadmium Telluride with an efficiency of 6%-11%.
2. a-Si or Amorphous Silicon with an efficiency of 6%-12%
3. CIGS or Copper Indium Gallium Selenide with an efficiency of 10%-20%
CIGS Advantages:
A. Highest energy yield
B. No environmentally hazardous materials
C. You can mold the panels to fit many applications
D. They can possibly bring the cost of solar energy panels down to below $1 per watt.
The other technology on the horizon is graphene composite solar panels. They are made of copper, molybdenum and graphite. Molybdenum and graphite have both been deemed highly critical to national security for many nations. Once again China has a powerful position because they control over 80% of the graphite market. So once again China has the foresight to see the technologies on the horizon and has positioned itself to prosper.
Currently 89% of the total installed solar panels worldwide are located in Germany, Japan and the USA. In the coming years we will see a growing demand from China for its own solar needs. Between China and India the demand for solar panels will far exceed our current ability to produce the panels. The costs of solar are coming down and the closer we are to grid parity, the more use of solar we will see. Since many of the metals used to produce these panels have been deemed critical to many nations national security, the prices of these metals are bound to stay elevated. China has shown that it will continue to restrict the exports of the rare industrial and rare earth metals further tightening the supply chains.
By: Randy Hilarski – The Rare Metals Guy
La Chine pense dépenser un demi-milliard de dollars par an pour développer les énergies nouvelles (nucléaire, éolienne, solaire et hydro-électrique). La Chine représente d’ailleurs actuellement plus de 50 % de l’industrie solaire. Or, si elle souhaite continuer à se développer sur ce marché, il lui faudra d’énormes quantités d’argent, un métal indispensable pour cette technologie. Et c’est la principale raison qui risque de pousser le prix de l’argent à atteindre des sommets.
The target is low but they must start somewhere.
Golden Minerals Co.
(AUM-T, AUMN-A) C$7.24
Velardena Meets its Maker
Event
We are initiating coverage of Golden Minerals (AUM-T, AUMN-A) with a
SPECULATIVE BUY rating and a target price of $14.00/share. Please see
our full initiation report, which we expect to publish later today, for complete
discussion and analysis.
Impact
Golden Minerals is an emerging silver and gold producer that is based in
Colorado and run by the former Apex Silver management team. The company
has a large portfolio of assets but its two principal projects are Velardena in
Mexico, which it acquired through a merger with ECU Silver Mining Inc. in
September, and El Quevar in Argentina.
At Velardena, the company is expanding the small scale production from its
oxide and sulphide mills with simple process control improvements while
mine output is expected to ramp up once development has been shifted out of
the veins and more working faces have been exposed. We forecast silverequivalent
(AgEq) production reaching a run rate of 1.6mm oz/year by Q4/12.
At the same time, the company is advancing a Preliminary Economic
Assessment on a major expansion project that we expect it to complete in
mid-2012. We anticipate a new 2,000-tpd mill generating incremental
production averaging 7.4 million oz/year AgEq at total cash costs of US$7/oz
AgEq after capital expenditures of US$225 million, commencing mid-2014.
In the meantime, we expect an updated resource from the company’s highgrade
El Quevar silver project in Argentina in Q1/12 and drill results that
could yield a discovery from its large Zacatecas property package in Mexico,
its Cochabamba project in Peru or its Atlas project in the Deseado Massif of
Argentina.
AUM has declined by more than 70% this year, and the company is now
trading at a discount to peers and its market cap prior to the merger of equals
with ECU Silver. We are initiating coverage with a SPECULATIVE BUY
rating and a $14.00/share target price, based on a valuation of 0.8x NAV5%
calculated at long-term prices of US$1,500/oz gold and US$30/oz silver.
Hello,
May I join you as a moderator on USLV?
STRONG BUY AUMN
http://www.stoxline.com/quote.php?symbol=aumn
Nice to see Sprott increasing their position in AUMN.
Sprott increases AUM holding to 1,277,700 shares - up 425,000 shares
http://www.sec.gov/Archives/edgar/data/1011509/000127700611000033/goldenminerals13gasep11.txt
Thanks, I'll look into it.
Yes, it is "HUSIF". It recently corrected off the top of $1.45 a few minutes ago, now might be a good time as today was a positive dollar day and tomorrow could be a negative dollar day with gold and silver prices rising and the stocks as well.
Do you have an American "F" symbol for that?
HDA.v going crazy today! Huge volume!
Picassa' on 'GOLD & SILVER PICKS' -
want your opinion Sir -
TIA -
well, I am a long time shareholder -
still if I want to add -
i do want to ride with a winner and
often the management performance repeat itself -
so I do compare and want to add to the right team -
1year chart AUMN vs. GPL, USSIF, CALVF
2year chart AUMN vs. GPL, USSIF, CALVF
3year chart -
Btw....I often 1st buy the majors and margin them -
to support the juniors -
and do compare them to the majors -
that's how I got into ex....
GG, ABX, SGR, VGZ, BTO etc.
I did margin BHP, RIO Tinto etc.
Picassa very welcome, do you know a better way to make
a good profit?
TIA
God Bless
AUMN
Market cap = 38M X 7.4$ = 281M$
Cash = 100M$
Silver = 400M once. (Gold = 8M)
Grade = 150 to 350g/t (Gold = 3 to 7g/t)
BASICALLY
281M - 100M = 181/400 =
0.45$ per once of silver in the ground.
J.Turk + E.Sprott talking....
http://laboussole2012.wordpress.com/2011/10/19/interview-e-sprott-et-j-turk-anglais/
AUMN
El Quevar is a very special place....
Incredible interception......
QVD-276 16m 1760g/t
http://finance.yahoo.com/news/Golden-Minerals-Provides-iw-899041355.html?x=0
NEW BOARD~STOCKS OF SILVER~ CHECK IT OUT
WORTH IT... I PROMISE
DONT FORGET TO BOARDMARK!
"Keep in mind, silver's high of $49.45 per ounce in 1980 would equal about $140 per ounce
in today's dollars adjusted to the consumer price index
and about $400 per ounce in today's dollars adjusted to the real rate of price inflation."
www.goldminerpulse.com/gold-mining-valuations.php
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