Huldra Silver fka HDA

[orefinder]

Troubles.

[12yearplan]

insider induced...
08/16/2013 @ 2:32PM
Huldra Obtains First Tranche of Dip Financing and Agrees to Engage Haywood Securities as Strategic Advisor

[12yearplan]

maybe a see-saw
dow down gold up

[AmericaTheBrave]

I might re-enter when it is at a good position. I made two very good trades. Number one: starting at 0.06, number two starting at 0.085, and maybe the next trade would start at around 0.09(5)

[12yearplan]

maybe just slow catching up to the news of gold's rise yesterday...

[AmericaTheBrave]

That's the strange point. Nothing... As it rose over 30% without any reason, I sold my position that I held since 0.085... If I knew that we would be at 0.2 that fast, I would have held, but no one can know beforehand.

[12yearplan]

Some kind of news that woke up our tired friend?

[AmericaTheBrave]

Damn.... 0.2!! ... I should have waited... I sold for 0.135 - 0.145

[AmericaTheBrave]

It might be too early, but I sold my position for a good 45% profit.

[AmericaTheBrave]

We could double within a short time...

[AmericaTheBrave]

Very nice buys today. But to be sincere, 10.5 cents is still massively undervalued!

[AmericaTheBrave]

The good thing is that the bigger sellers are now gone. ASK very thin!

[AmericaTheBrave]

I would be disappointed if we don't see a 11.5 cent close here today.

[AmericaTheBrave]

If silver really starts to recover, we will see an easy 15 cents pretty soon!!

[AmericaTheBrave]

It was at 11 cents today.. I hope that silver recovers soon, to see a nice increase here.

[AmericaTheBrave]

Let's say silver really begins to recover, the PPS here will rise also quite good. If you would average down, you might be in the plus by year's end.

I had lots of juniors with (sometimes more than) 10fold entry points, but I averaged down on nearly all of them, so now if they "only" double, I will be in the green. No worries, as I know silver will be at around 30$ by year's end. (Once it passes the 21$ area we are good to go). Gold will support us also.

[12yearplan]

sounds good ATB except for my entry being $1.30 :(
gl

[AmericaTheBrave]

Back at my entry point... Now we are ready to start. (ASK at 0.09) -> I think we will rise fast if silver can hold above 20$

[AmericaTheBrave]

CHEAPIES! no more to say at this point. Everything under 0.1 is just a no-brainer.

[AmericaTheBrave]

Perfect buying price right now!
Good company: http://ih.advfn.com/p.php?pid=nmona&article=58573903
I expect a close near 0.1 today, as we might well recover after the "panic moments" early today. GLTA

[porc]

I think they need at least 26 dollar silver for treasure mountain to be feasible.

[AmericaTheBrave]

I took a good 50% profit today at .105, and am currently waiting for silver market signs.

[porc]

They need to pay 7.5 million dollars bei october 31st. If they dont pay Waterton might take the mine. If silver stays in the low 20s (im bullish on silver but who know when it goes higher again) then they will need debt (difficult if mine is not profitable) or huge dilution (which they announced already).

There is a lot of risk involved, they dont have time on their side and its more of an silver option than a stock were you can wait.

[porc]

So you dont worry about the shareholder letter projecting profits at 19.50 silver which are not materialising. That there might be lower grades less silver in the ground. Or that they state that they need more dilution or about their ability to pay of debt etc.?

The price is dirt cheap if they can pull it off but there are siginificant doubts and there is a lack of information. Even the IR guys stopped working with them because they didnt return their call.

[AmericaTheBrave]

Huldra is beginning to rise, as the stock is oversold extremely. If silver can recover, this stock will reach its normal trading range within a short timeframe IMO.

[porc]

the problem with that is the amount of debt they need to pay off and that the figures in the shareholder letter show a profitable mine at 19 dollars. Obviously this is not the case else they would have continued producing. This must mean that there is less silver in the ground than expected (aka lower grade).

Numbers from the shareholder letter (see NEWS releases May 27th):

Cost:
Mining+ underground exploration: $8.4 million per year ($700.000 per month)
Milling: $7.2 million per year (§600.000 per month)
----------
All in costs: $600.000+$700.000= 1.3 Million per month

Production:
1.5 Million silver equivalent

Revenue at $19.65 silver (latest closing price):
1.5*$19.65= $29.47 million or 29.57/12= $ 2.45 million per month

Profit:
2.456-1.3= $1.15 Million per month at current silver price and mill at full capacity.

Questions I have: 1)why arent they profitable if their own projections in May after 5 month of production experience and almost 2 month of commercial production showed they would be at CURRENT silver prices. 2) Is it due to lower grade, less silver in the ground? 3) How are they going to pay of Waterton Debt on the 31st of October if silver price stay below break even point until then. Where is the break even point?? 4) Why were the projections they gave at the end of May way off? How can I trust them and their resource base if there own statements are not trustworthy. Thats important when investing in Huldra, as they only have historical estimations on the resource and we have to trust management on the potential of the mine.

[AmericaTheBrave]

It is not the only mine that has halted the production. Golden Minerals (about 1.5 years ago a billion-dollar company) has halted production also until the prices go back up again. Let's assume we are back over 25$ in a few weeks. I think Huldra would be profitable and operate again. We will see

[porc]

"we are near a bottom"

I dont see this being a ten bagger at all. Huldra just closed its mine to save cash obligations. This must mean that the mine producing at close to full capacity was incurring NET cash obligations. In other woirds it was not profitable. This is very strange, as the mine is supposed to be very high grade silver. Also the production levels Huldra wanted to achieve as well as their all in cost estimates point to a profitable mine at 19-20 dollar silver. However it seems to be making losses and consuming cash even at full production. The only explanation I can give for this is that they do not have high grade or less silver in the ground than expected. This would explain their decision to close the mine. If it was profitable it would help reduce debt not add to it.
They will have difficulty getting financing and paying of debt when the mine is making losses. How much silver do they actually have and at what grade? Why did they close the mine? If it was unprofitabel was that because of low grades or less silver in the ground? Those are the questions at the moment.

[12yearplan]

-haven't found the money to continue yet.
-potential take out target, not from a position of strength.
-nice resource, producer, but at $19 silver don't know if it's economic even without a big debt.
pd $1.20 in the fall so .075 looks... well... different..?.

[AmericaTheBrave]

I think we are near or already past the bottom. This thing will be a ten bagger within a few months!

[Tommy]

$HUSIF - $HDA.V - Huldra Silver Provides an Open Letter to Shareholders

http://www.juniorminingnetwork.com/junior-miner-news/news-releases/305-tsx-venture/hda/13382-huldra-silver-provides-an-open-letter-to-shareholders.html

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2013) - Huldra Silver Inc. ("Huldra" or the "Company") (TSX VENTURE:HDA) is pleased to provide an open letter from the President and CEO to shareholders to outline the Company's going-forward objectives, as well as highlight key milestones achieved over the past three years. The Company's near-term mining objectives include:

Produce a minimum of 1.4 million ounces of silver, 5 million pounds of Lead and 4 million pounds of zinc on an annualized basis by July 2013 until a mine expansion is warranted by increased resources; and
Continue to expand the current resources at the Treasure Mountain Mine and explore for additional mining opportunities on the property.

Three years ago the Company commenced an exploration and development program with the objective of putting the Treasure Mountain Mine into production. Despite volatile equity markets, the Company was singularly focused on this goal. We would like to take this opportunity to review those achievements and congratulate the entire team on their efforts but more so provide focus on where we are planning on taking the Company over the next three years.

Huldra currently has a dedicated fully integrated mining, milling, construction and exploration staff of over 100 people in Southern British Columbia.
The Company is currently underground mining and exploring at the high-grade 100% owned Treasure Mountain Mine and exploration property.
The mill feed is processed at the Company's 100% owned plant and property in Merritt, British Columbia and has an interest in a large copper/iron exploration property at the former Craigmont mine site.

Grassroots Exploration

Over the past three years, the Company has been following up on previous exploration work and utilizing modern exploration methods to provide new exploration targets. We have highlighted 4 high priority targets for drilling in 2013 but that is not the limit of the potential for the entire property.

In 2010, two vein structures, the East Zone and the JK vein, were identified through trenching work and a small drill program. The East Zone was followed up in 2011 with a mini bulk sample from surface that resulted in a direct to smelter shipment of recovered vein material. The vein remains open at depth for exploration. The JK vein remains open for exploration.
In 2011, the Company commenced a soil geochemistry program on the property that was increased in size in 2012 to a total of 1127 samples.
In 2012, Huldra conducted an airborne survey on the property to cover the entire the entire 7000 acre Treasure Mountain Property.
In addition to the four highlighted areas that are drill ready, the MB Zone, the Jensen Workings, and two anomalies in the Camp Zone, the Company has a number of geophysical anomalies that will be followed up with additional soil sampling. There are also a number of previous workings on other parts of the property that have not been followed up in recent years and will be part of a geological mapping and prospecting program.

Mining

The Company began opening up existing underground drifts on 4 levels in 2010 and this was completed in 2011. There is currently over 4000 metres of underground development on 4 levels over a down dip of 350 metres and a strike of 250 metres. The deposit is open at depth and to the east for future development and exploration.

A complete mining camp was installed on the property in the summer of 2011 and underground operations commenced with exploration and development in September 2011.
A Mines Act permit was received in May 2012 for underground mining at the Treasure Mountain Mine. To date, all mining activity has been focused on mining between level 1 and the surface. Two large stopes were completed in 2012 and a third is currently in progress. Two additional stopes are in planning and development on level 1. Once mining is complete between level 1 and surface, mining will be focused on the area between level 2 and 1 by Q3 or Q4 of 2013.
Currently a 4700 metre drill program is in progress from 4 drill stations on level 2. Once completed, mine development will commence and a new NI 43-101 resource and technical report will be filed in late Q3 or Q4 of 2013.
Future underground exploration will involve extending levels 2, 3 and 4 to the east, drilling below level 4 and following up on additional structures that have been identified during underground exploration. The objective of the underground exploration is to expand the resource to warrant an application for a major mines expansion. The Company has substantially completed all of the work required to file an Environmental Impact Assessment as part of the major mines expansion process.
The 2013 mining and exploration budget was stated as $8.4 million in the year end MD&A dated December 31, 2012 and may be revised as conditions warrant.

Milling

The Company purchased the former Craigmont Copper Mine in Merritt, British Columbia in May 2011 for a total purchase price of $8 million with the final payment made in April 2013. The purpose of the acquisition was for constructing an expandable 200 tonne per day crushing/grinding/floatation mill. The property consists of 966 acres of fee simple land, 347 hectares of mining leases and 8456 hectares of mineral claims. The property covers a large area along the southern extents of the Guichon Batholith 25 kilometers south of the Highland Valley copper mine.

The permit amendment for allowing for the construction and operation of the mill was received in May 2012 and above ground construction began immediately. With the exception of permanent office facilities, the construction has been substantially completed.
The mill produces silver/lead and silver/zinc concentrates. The first concentrates were shipped in November 2012.
The Company announced that commercial production had been achieved on March 26, 2013 with the expectation the mill would be running at 60% capacity over the next 90 days.
As April 30, 2013, 810 tonnes of silver/lead concentrates and 697 tonnes of silver/zinc concentrates have been shipped to the smelter for total payments of US$5,014,045. Preliminary invoices and payments received were for a total of 239,717 ounces of silver, 893,767 pounds of lead and 622,513 pounds of zinc.
The operating costs of the mill are currently projected to be $600,000 per month based on current costs.
The mill is expected to achieve 100% of design capacity before July 2013 with one small additional upgrade to the ball mill scheduled for June 2013.
The mill currently operates using reclaimed water from the existing underground workings on the mill property and by discharging tailings into a fully lined tailings pond.
All of the mill components have an estimated capacity to process approximately 500 tonnes per day of material with the exception of the ball mill which would require only an upgrade to the existing ball mill or an additional ball mill in the current space along with the necessary mechanical and electrical components.
The Company received a technical report on the Thule Copper-Iron project on April 29, 2013 outlining up to 12 exploration targets in addition to the partially mined underground workings.
The Company also has a tolling arrangement on one aggregate pit on the property with additional aggregate permits on other parts of the property.

The objectives of the Company are to:

Produce a minimum of 1.5 million ounces of silver equivalent on an annualized basis until a mine expansion is warranted;
Have one of the lowest operating costs for an underground mining company in the industry by utilizing its fully integrated structure;
Continue to expand the current resources at the Treasure Mountain Mine and explore for additional mining opportunities on the property; and
Explore and evaluate additional opportunities for the excess mill and tailings capacity at the Mill.

The Company has spent $15,180,379 developing and exploring the Treasure Mountain Mine property over the past 3 years and $28,352,307 acquiring the Merritt Mill Property and developing the plant and tailings facility. The Company has $29,556,533 in property, plant and equipment exclusive of the mineral rights and permitted mines as of December 31, 2012.

Ryan Sharp, President and CEO states, "The team we have built at Huldra has made tremendous achievements over the past three years and we are more excited about our opportunities over the next three years. Our long-term objective is to turn Huldra in to a premium mid-tier silver producer."

About Huldra

Huldra Silver is a fully integrated silver mining, exploration and development company. The Company is currently mining at its Treasure Mountain Project, located three hours east of Vancouver, B.C, utilizing its offsite mill for processing mill feed at the Company's property outside of Merritt, B.C. The Company is also actively assessing other opportunities for acquisition and development.

On behalf of the Board of Directors

Ryan Sharp, MBA, President, CEO & Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Huldra Silver Inc.
Ryan Sharp
604-647-0142
604-647-0143 (FAX)
[e-mail] / [e-mail]
www.huldrasilver.com

[12yearplan]

Huldra Silver Provides an Update to the Diamond Drilling Program, Mining Progress and Increased Concentrate Shipments at the ...
Print
Alert

Huldra Silver Inc. ("Huldra" or the "Company") (TSX VENTURE:HDA) is pleased to
provide an update of the current underground drilling program and mining
progress at the Treasure Mountain Mine, British Columbia, Canada. The Company is
also pleased to announce that as of April 22, 2013, Lead/Silver concentrates
shipped to the smelter have already exceeded the March totals with an estimated
166 dry metric tonnes shipped during the month.

con't..

[12yearplan]

Huldra Silver Announces Commercial Production
Print
Alert

Huldra Silver Inc. (TSX VENTURE:HDA) ("Huldra" or the "Company") is pleased to
announce that as of March 26, 2013, it has achieved commercial production based
on current production levels. The Company will be providing production
accounting and cash flow statements for the second quarter of 2013.

con't..

[SILVERISTHENEWGOLD]

What does everyone think of the new magnetic resonance photos?

[SILVERISTHENEWGOLD]

I will add some new pics to the board

[SILVERISTHENEWGOLD]

Higher silver prices will boost our revenue when HDA goes operational.

[SILVERISTHENEWGOLD]

This is great and just in time for higher silver prices too :)

[kabee]

HDA Nearing Production.

Pictures showing feed being processed during mill commissioning on their website gallery.

http://www.huldrasilver.com/about-huldra-silver/photo-gallery/

[gilotron]

And it continues...

http://ca.finance.yahoo.com/news/huldra-silver-announces-best-efforts-203214339.html

[gilotron]

Well I emailed Ryan and they are new warrants. I hope this isn't going to become a habit.

[gilotron]

Dilution


"Company has agreed to increase the number of warrants to be issued to Waterton in connection with the drawdown of the fourth tranche from 650,000 warrants to 1,000,000 warrants, each exercisable into one common share of the Company for a period of five years."

Does this mean dilution?

[gilotron]

Ah heh, I need to get some alerts setup for this stock :( this is my first tsx purchase so I'm a bit of a novice!

[kabee]

Monday was a CA holiday - Victoria Day. I got 7 PRs via Google Alert this AM around 0815 EDT. LOL

[gilotron]

no news on the huldra site yet though.

[gilotron]

Ooo nice one kabee, I wonder if it's true. I was googling this news and came across this board which has some interesting info on:-

http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=HDA&t=LIST

[kabee]

Huldra Receives Permit

http://www.opinion250.com/blog/view/24442/1/province+issues+another+new+mine+permit

[SILVERISTHENEWGOLD]

Which permit are you referring too?

[gilotron]

Thanks for this, I only just saw the recent RNS today. More decent grades. I noticed Ryan's other firm got another permit granted, hopefully ours should be arriving soon.

[SILVERISTHENEWGOLD]

~HDA LEVEL 2~

BID
98,000 shares supporting $1 and up
Big blocks @
$1.02- 11,000
$1.04- 20,000
$1.15- 14,000
$1.24- 15,000
$1.25- 10,000

ASK
Ask is thin with 53,000 to $2
1.28-5,400
1.34-2,500
1.36-1,500
1.38-3,500
1.44-1,800
1.45-3,500
1.49-1,000
1.50-3,000
1.55-14,000
1.70-10,000

[SILVERISTHENEWGOLD]

Yes, I will let you know what the L2 is like tomorrow sometime, I cant access it outside of trading hours.
From what I remember there may only be 10,000 shares all the way to $1.60 and I do know there cant be more then 50,000 all the way to $2. Most likely a grand total of 50,000 all the way to $2, which is extremely healthy compared to other companies, especially during a dip in silver prices.