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For one thing this board is messed up talking about mining...
Anyway........
AGS is falling apart.
Have you really read the new releases? Weakness all around. Lawsuit, bad accounting practices & no money- its so bad in debt it cannot even support it's employees for one month. Lays of 10% of work force to stay afloat.
This stock should be at the bottom. Now pushes out stock holders meeting due to Wuhan virus, technology must of took a back seat. Red Flags all over....
The ship is sinking. Its all about the share holders not the people who made this company it seems.
To risky to buy right now, this stock will drop...
wait till next Quarter report release. No good news there i bet
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, but our customer-centric culture and remarkable growth have helped us branch out to become one of the most all-inclusive commercial gaming suppliers in the world. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, highly-rated social casino solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners.
AGS website
Well $ags $agstf is no longer a mining company, they're a tech firm in the Cannabis market (LED & Apps) and urban farming.
https://www.equities.com/news/arcturus-growthstar-ags-hires-creative-consultant-wins-1st-place-at-cannabis-cup
won 1st place for the “Indica – Private Grower” category at Bio Cup Canada, the largest cannabis cup to ever take place in Canada.
Thanks for info on refinery, knew they had purchased but I hadnt considered Formation sde of things.
Thanks for info; Not long ago they paid $12mil for the refinery -
http://www.formationmetals.com/s/CobaltNews.asp?ReportID=608023
October 11, 2013
Formation Metals Secures Proceeds of US$12 Million From Sale of Refinery
Vancouver, B.C. October 11, 2013, - Formation Metals Inc. (FCO-TSX) ("Formation" or the "Company") announced today that it has completed the sale of all of the shares of its indirect wholly-owned subsidiary Formation Metals, U.S. ("FMUS"), whose primary asset is the Sunshine Precious Metals Refinery (the "Refinery"), to Silver Opportunity Partners LLC, a wholly owned subsidiary of Sunshine Silver Mines, ("SSM") for US$12 million cash (the "Sale") as per the Company's news release dated September 16, 2013.
Cormark Securities Inc., financial advisor to the board of directors of Formation (the "Board"), had previously provided an opinion to the Board that the consideration received under the Sale is fair, from a financial point of view, to Formation's shareholders.
In addition, yesterday the Company repaid in full the US$5 million Senior Secured Convertible Note held by a strategic private investor (see Company News Release dated October 17, 2012).
"The Company is now debt free and these additional funds will assist the Company's efforts to review strategic opportunities", stated Mari-Ann Green, C.E.O. of Formation Metals Inc. She continued, "The Company is reviewing opportunities that could include acquisitions, mergers, joint ventures, strategic investments or any combination thereof with a view to enhancing shareholder value".
The Company's flagship project, the Idaho Cobalt Project (the "ICP"), is a fully permitted primary cobalt deposit unique to the Americas that is fundamentally prepared for the commencement of underground development. The Company announced on May 2, 2013, that is was deferring the underground development of the ICP until the market conditions improve and mine financing options for the ICP are more attractive for all stakeholders.
Cobalt continues to be in the news exhibiting an overall upward trend in prices in response to political unrest in the DRC and falling nickel prices wordwide. Cobalt is produced primarily as a by-product of nickel and copper mining and any disruption in those operations would lead to a corresponding decline in cobalt supply.
About Formation
Formation is a well-established mineral exploration and development company that owns 100% of a fully permitted primary cobalt deposit located in Idaho which has been prepared for the commencement of underground development, pending additional mine financing. Formation has additional interests in base, precious metal and uranium projects in Canada, the United States and Mexico. Formation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.
Formation Metals Inc.
"Mari-Ann Green"
Mari-Ann Green
CEO
For further information please contact:
E.R. (Rick) Honsinger, P.Geo., V.P. Corporate Communications
Formation Metals Inc., 1810 -- 999 West Hastings Street, Vancouver, BC, V6C 2W2
Tel: 604-682-6229 - Email: inform@formationmetals.com -- Web: www.formationmetals.com
________________________________________
Seems Sunshine Mine up for sale again according to rumors.
And a Happy New Year to you !
I found that site interesting for historical reasons, and reading between the lines on whole Sterling Mining story.
In my experience investors like to buy high and sell low, so this is a good time for silver stocks to start accumulating. I still like Hecla, Pan american Silver, Chester Mining, and eventually Sunshine Silver when they go public.
Word on the street is that area Ray De Motte and Mike Mclean targeted at the Sunshine - the "upper country" is giving good drill results.
sanbrunobaby' on 'Sunshine Silver Mines Corporation (AGS -
thanks -
http://www.sterlingminingcompany.com
Happy New Year -
God Bless
I agree will rise but who can time exactly ?
About the Sunshine, just noticed new website sterlingminingcompany.com.
Word is Kaplan adamant wont take Sunshine Silver Mines public until silver hits $40 an ounce.
SILVER prices to RISE five fold -
KEISER REPORT (E371) -
Havent heard anything about Sunshine Silver IPO,maybe they are tryng to buy Chester Mining (OTC : CHMN) first, or markets just not ready. Considering Hecla direct cheap at $4 a share, Newmont paying 4% dividend, maybe they are just waiting for right opportunity.
He went into Kimberly Gold big time, it droppped like a rock and Shoshone Silver picked it up for a song. Then he joined Shoshone Silver board,stock also dropped, now a new group has taken over.
He has uncanny ability that whatever company he joins its fortunes turn south.Keep in mind one of main factors that pushed Sterling down was that he led the charge against a major financing in February 2008, appointed inept management in May 2008, and then he became CEO and led company into bankrupt position.
Maybe he had some way to short these stocks, who knows.Think he is based in Nevada, maybe he is also involved in Las Vegas expansion !
IPO Back on for February !! Massive investment in Sunshine of over $100 million. Seems game plan is to build new mill, and build infrastructure to increase annual production potential by 2016.
Interesting new registration statement. Seems De Motte and Mclean's work in upper country area is paying off. New management says production may commence in this area by 2014. Appears De Motte and Mclean had right theory about ore in that area.
Sunshine seems confident they will win case against old bondholders.
Good plan ! Every company he gets involved in goes down. After Sterling Mining he went to Shoshone Silver for a while, dont know what he is doing now.
I'd like to know what company Voorhees went to, so we could Short it and make a killing...
Sterling payout was made, $.06 per share.
Court battle between bondholders and Silver Opportunity still continues. Court did say sale from ARI to Silver Opportunity was valid.
Still amazing how last Sterling CEO Voorhees and CFO Meek ran company into ground. Imagine at this price of silver what Sterling would have been worth !
Chester Mining (OTC CHMN) still has ownership of key claims for future growth.
USA.TO has been showing support around 1.95 and resistance in the 2.36 price range. It is upgraded to a buy with the 2.75 target price in six months.
Check here:
'http://canada.stoxline.com/q_ca.php?s=usa.to'
I have met Mr Brackenbush . I like and trust him as an individual. We have owned a few shares of NJMC for about 6 years.
I know nothing about the other gentleman, nor have I seen any numbers about the new combined company.
Good Day sanbrunobaby' on 'Sunshine Silver Mines Corporation -
thank you for the info
OT.
FYI....
a short summary of Darren & U.S. Silver -
U.S. Silver & Gold Inc. (USGIF)
DARREN BLASUTTI
President & CEO, Director
Mr. Blasutti was formerly Senior Vice President of Corporate
Development for Barrick Gold Corporation.
(Barrick = the largest Gold Mining Corporation in the world)
He reported to the Chief Executive Officer and played a lead
role in the strategic development of Barrick for over 13 years,
during which time he executed over 25 gold mining transactions.
Mr. Blasutti is a member of the Canadian Institute of Chartered
Accountants and is a director of Noront Resources Ltd.
The Drumlummon Gold & Silver Mine is a "bonanza" style -
The Drumlummon Gold & Silver Mine is a "bonanza" style
epithermal deposit which is characterized
by very high grade gold and silver.
Drumlummon is a high grade narrow vein gold and silver underground
mine with extensive infrastructure.
http://www.us-silver.com/Operations/Drumlummon/default.aspx
http://www.us-silver.com/Theme/USSilver/files/US%20Silver%20Gold%20Corp%20Pres%20Aug%2027%202012.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79051883
U. S. SILVER Alert - Investors have nowhere left to hide and will start running to silver and gold: Sprott
http://www.mining.com/bondholders-heading-to-gold-since-they-have-no-where-left-to-run-sprott-66084/?utm_source=digest-en-au-120823&utm_medium=email&utm_campaign=digest
http://www.us-silver.com/Operations/Photo-Gallery/default.aspx
God Bless
Good Evening,
The old Sunshine Mining Company sold the refinery to Formation Capital who retro-fitted it to process cobalt but can take silver for refining.
United Silver if you look at their press releases it seems finally in August they are presenting their project for what it is, an excellent exploration project. For some reason they tried to present the Crescent as a near-term production project. Seems great price now but two concerns. They get rid of Brackenbusch an experienced mining engineer and add Jim Meek. Meek you will recall was a key player in destroying Sterling Mining.Second, seems they have a partner in some New York capital firm, wonder how this will complicate management.
$.25 seems a good price before silver takes a run.
US Silver dont know effect of merger so cant comment.
sanbrunobaby thank you its good info -
You are welcome !! Will be interesting when Sunshine Silver finally gets listed.
Also, besides the Sunshine Mine they took over Sterling's other
assets in Idaho.De Motte had built up from 340 acres to over
20,000 acres I think in mining claims in Silver Valley,
only Hecla has larger land package. It seems Silver Opportunity
Partners kept a lot of those mining claims.
Oh well , guess it will be several months at best until
Sunshine Silver listed !
Btw. Ot. in the time to the listing
what do you know about the neighbor mines -
USGIF,
http://investorshub.advfn.com/US-Silver-&-Gold-Inc-USGIF-12388/
USC etc.
http://investorshub.advfn.com/United-Silver-Corp-USC-18823/
or do you have any news about the old Sunshine smelter, refiner,
to be reactivated?
thanks in advance
God Bless
You are welcome !! Will be interesting when Sunshine Silver finally gets listed.
Also, besides the Sunshine Mine they took over Sterling's other assets in Idaho.De Motte had built up from 340 acres to over 20,000 acres I think in mining claims in Silver Valley, only Hecla has larger land package. It seems Silver Opportunity Partners kept a lot of those mining claims.
Oh well , guess it will be several months at best until Sunshine Silver listed !
No problem. Interesting thing will be if old Sterling shareholders get any payout at end of year.
Still think Sunshine Silver will be great speculation. When Demotte ran Sterling it had 3 producing operations and over two hundred employees. Investors did well, $.25 when he started and over $2 when he left, and traded between $3 and $6 for quite some time.
Problem was early 2008 there was management change, and new management ran Sterling into the ground in 12 months, but Sunshine Mine remains incredible asset Now with Kaplan behind it should do well when it goes public again. Of course like all stocks a speculation !
by sanbrunobaby
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77087493
this sounds good Bob. thanx.
i know ray demotte. is this company still in good standings?
this one was boughtout back a few?
re;
sanbrunobaby thank you, for good info Sunshine Silver Mines Corporation -
Saga continues. Court date is for September between old bond holders and Silver Opportunity Partners.
The results of the new management in 2008 ( Jim
Meek, Roger Voorhees) certainly clear. Besides stopping production, underground fires, collapse of Silver Summit shaft - now announced they are stopping work on shaft repair.
Still a great silver mine. When De Motte and Mclean running things it had a bright future - eventually should have again.
mick and all old shareholder of Sunshine, Sterling Silver..FYI..
sanbrunobaby thank you, for good info Sunshine Silver Mines Corporation -
Saga continues. Court date is for September between old bond holders and Silver Opportunity Partners.
The results of the new management in 2008 ( Jim
Meek, Roger Voorhees) certainly clear. Besides stopping production, underground fires, collapse of Silver Summit shaft - now announced they are stopping work on shaft repair.
Still a great silver mine. When De Motte and Mclean running things it had a bright future - eventually should have again.
sanbrunobaby thank you, for good info Sunshine Silver Mines Corporation -
Saga continues. Court date is for September between old bond holders and Silver Opportunity Partners.
The results of the new management in 2008 ( Jim
Meek, Roger Voorhees) certainly clear. Besides stopping production, underground fires, collapse of Silver Summit shaft - now announced they are stopping work on shaft repair.
Still a great silver mine. When De Motte and Mclean running things it had a bright future - eventually should have again.
Saga continues. Court date is for September between old bond holders and Silver Opportunity Partners.
The results of the new management in 2008 ( Jim
Meek, Roger Voorhees) certainly clear. Besides stopping production, underground fires, collapse of Silver Summit shaft - now announced they are stopping work on shaft repair.
Still a great silver mine. When De Motte and Mclean running things it had a bright future - eventually should have again.
No problem. Interesting thing will be if old Sterling shareholders get any payout at end of year.
Still think Sunshine Silver will be great speculation. When Demotte ran Sterling it had 3 producing operations and over two hundred employees. Investors did well, $.25 when he started and over $2 when he left, and traded between $3 and $6 for quite some time.
Problem was early 2008 there was management change, and new management ran Sterling into the ground in 12 months, but Sunshine Mine remains incredible asset Now with Kaplan behind it should do well when it goes public again. Of course like all stocks a speculation !
sanbrunobaby thank you for info - Appears Minco Silver suit settled for $600,000. Next step how much payment to creditors, and from what is left payments later in year to old SRLM shareholders.
Next up September court case between old bond holders and new owners.
So doubt Sunshine Silver will be trading before the fall.
by sanbrunobaby
Appears Minco Silver suit settled for $600,000. Next step how much payment to creditors, and from what is left payments later in year to old SRLM shareholders.
Next up September court case between old bond holders and new owners.
So doubt Sunshine Silver will be trading before the fall.
Sunshine Silver Mines Corporation -
http://www.investorscopes.com/SUNSHINE-SILVER-MINES-Corp/S-1-A/11355287.aspx