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No need for Wrinkles to confirm that, although Wrinkles voice on the board is always welcomed, as you are quite correct in saying
Sad, yes. All along I had doubts, but at least then there was interest and room for gains. If I recall correctly you were if not the, then one of the, first back then willing to turn your public voice on the board from one of cautious optimism to side with the campaign to get something tangible out of the company, for which I both thank and credit you. Unfortunately we have failed in getting them to do the simple things which we then thought could get the ship back on course so that play in WDRP could continue to yield, and at this point it is now for me mostly a matter of watching how it ends rather than watching for things to turn back to one of flip potential if not more.
I was ready for in-house numbers over a year ago, went on a rant to intimidate WDRP into release of the in-house numbers they claimed to have, was told in PRs that they were prep'ing new in house data that would be released asap, etc. and during this time people did not like me much for that campaign of ridicule and intimidation, but it brought response, both from WDRP and from other shareholders that started to jump ship from the cheer-only side to come on board to get them to open up and show something (anything) etc etc etc
That was over a year ago, and to date nothing
The only real conclusion has to be that they have nothing, except a fear of jail, on which to focus their efforts
If TPW's Bristol porphyry had "the same geologic gold structure" as the Pearl Lake porphyry then with some 100k meters of drilling now completed into TPW we would now all be rolling in cash.
OT but when I am online if anyone replies to a post I had made my browser just shows a pop-up that there is something new in my iHub inbox. I do not know how to turn that on or off, it has just always been that way.
There is a difference between stating "the same model" and stating as you did "the same geological gold structure"
Radiation spikes to lethal levels at Japan's Fukushima nuclear plant
http://worldnews.nbcnews.com/_news/2013/09/01/20281539-radiation-spikes-to-lethal-levels-at-japans-fukushima-nuclear-plant?lite
Good to hear you are getting a feel for the texture of the fur.
Today's graph might be one of the most clear examples of moves in bursts between subrange edges starting with the red of Sunday night action (to now at least
http://www.kitco.com/charts/livesilver.html#ny
After a long time I finally started to accept the concept that this could only be the signature of something programmatic.
Myself, at this juncture, I am hoping to see as I said last weekend, drifting around in A with most indicators toward a break for B, but with chances to load at the A bottom area, and with sufficient feel for world events and the indicators of B to load leveraged (AGQ USLV)
Have a great holiday day.
LSG only needs to follow-through at this point. If it meets its guidance for Q3 and Q4 demonstrating net positive cash-flow if gold is at 1250-1300 things will imo fly from there.
Why? Obviously the debt overhang could start to be dealt with, but if gold move significantly higher into the end of the year and LSG's all-in sustaining costs do work out to the area of their guidance (1200 +/-) then LSG would also be positioned to look at some of the cap ex for growth that it put on hold when it refocused on the profitability milestones it is now approaching.
I am still thinking that it will take 2 to 4 quarters of good numbers before LSG starts to regain the trust of mainstream institutional investment the popularity with which is what had driven it from a $2 to $4 stock a couple years back, and of course the popularity of gold equities with these investment houses needs to get some of its shine back also.
If all those stars align, which I do not see as at all improbable, LSG could bring in the higher bag numbers.
Rabbit circling its hole
Indeed JD. I saw Ag dive when markets first opened, into the area below the lowest subband 23.3 - 23.4 but did not stay long, bounced briefly on 23.3 from below then reentered A where it wiggled in the lowest subband for a while, then silver changed to positive not too long after open (all of above in first couple hours), spent 10 or 15 minutes recrossing out of the lowest subband (i.e. moving above 23.4) before a rapid rise to test the exit from the lower subbands (23.8) held there for a while then quickly moved to touch base of the upper subbands (24.3) and appears to have mostly held that ground in upper part of the middle ground through the overnight and on to now (although it is appearing to move toward more retest of entry to the upper subbands at the moment).
To recap briefly last week, the first couple days saw Ag move first below (exceedingly briefly) the A band move to the middle ground in A and then spike to 25.12 above A equally briefly, then settle to the middle ground toward the upside (upper subbands from below), midweek to end it drifted in middle ground toward lower subbancs (pushing toward 24.4 from above) and then once on Friday penetrated the lowest subband to reach 23.31
We need to see how the early open test to below A this morning gets offset / balanced out. That could indicate a takedown after time getting buyers on board in the A range. I tend to doubt that reading. Tests of resistance to moving the price when the US is not very active are something to put a bit of weight on however. All the same, things so far are shaping up much like last week. We will see . . . test to below A is in, which is how last week started off, but silver has not yet entered upper subbands (just bounced on their base) yet which is where last week went next.
Are you starting to see the frequency of the .3, .4, .7 and .8 ?
April 2, 2013 NR
Hole # From To Interval Gold
(m) (m) (m) (ft) (g/tonne) (oz/ton)
Hole #90 175.3 177.0 1.70 5.58 3.085 0.090
189.5 192.0 2.50 8.21 1.557 0.045
Hole #91 70.5 72.0 1.50 4.92 1.366 0.040
118.5 120.0 1.50 4.92 1.940 0.057
422.0 423.0 1.00 3.28 2.167 0.063
435.0 436.5 1.50 4.92 1.097 0.032
Hole #92 177.8 178.4 0.60 1.97 3.240 0.095
502.5 504.0 1.50 4.92 1.078 0.032
516.0 517.5 1.50 4.92 2.016 0.059
Hole #93 No significant values
Hole #94 332.8 334.8 2.00 6.56 1.791 0.052
334.8 335.8 1.00 3.28 1.298 0.038
468.9 469.9 1.00 3.28 1.434 0.042
524.6 525.6 1.00 3.28 1.187 0.035
559.9 560.9 1.00 3.28 3.896 0.114
Hole #95 207.3 208.8 1.50 4.92 1.780 0.052
344.0 345.0 1.00 3.28 1.672 0.049
355.5 360.0 4.50 14.76 1.394 0.041
563.0 564.0 1.00 3.28 1.582 0.046
Hole #96 157.1 158.2 1.10 3.28 1.304 0.038
168.0 169.0 1.00 3.28 3.144 0.092
256.5 259.5 2.00 6.56 2.459 0.072
Hole #97 73.5 74.5 1.00 3.28 1.331 0.039
177.0 179.0 3.00 9.84 3.323 0.097
Hole #98 288.0 289.5 1.50 4.92 4.030 0.118
304.5 307.5 3.00 9.84 1.929 0.056
400.5 402.0 1.50 4.92 1.011 0.029
484.5 486.0 1.50 4.92 1.811 0.053
Hole #99 No significant values
Hole #100 297.0 298.0 1.00 3.28 2.091 0.061
469.5 471.0 1.50 4.92 1.441 0.042
534.0 540.0 6.00 19.69 9.072 0.265
Hole #101 242.5 249.0 6.50 21.33 6.896 0.201
255.5 258.0 2.50 8.20 2.816 0.082
297.5 298.5 1.00 3.28 4.834 0.141
Hole #102 84.0 85.5 1.50 4.92 1.326 0.039
317.0 324.5 7.50 24.61 1.119 0.033
Hole #103 300.0 303.0 3.00 9.84 2.110 0.062
Hole #104 163.5 165.0 1.50 3.28 2.335 0.061
192.0 193.5 1.50 4.92 6.293 0.184
207.5 211.5 4.00 13.12 1.769 0.052
220.0 221.5 1.50 4.92 7.244 0.211
256.5 258.0 1.50 4.92 2.654 0.077
393.0 394.5 1.50 4.92 1.657 0.048
Hole #105 No significant values
May 22, 2013 NR
Hole #108 189.0 190.5 1.50 4.92 2.740 0.080
222.0 223.5 1.50 4.92 1.377 0.040
315.0 316.5 1.50 4.92 1.740 0.051
322.5 324.0 1.50 4.92 1.470 0.043
327.0 328.5 1.50 4.92 2.090 0.061
373.5 379.5 6.00 19.68 3.094 0.090
Hole # 109 36.0 37.5 1.50 4.92 12.96 0.378
54.0 55.5 1.50 4.92 2.710 0.079
121.5 123.0 1.50 4.92 3.671 0.107
142.5 144.0 1.50 4.92 2.043 0.060
160.5 162.0 1.50 4.92 1.225 0.036
172.5 174.0 1.50 4.92 2.557 0.075
192.0 193.5 1.50 4.92 1.347 0.039
327.0 333.0 6.00 19.68 3.645 0.106
358.5 360.0 1.50 4.92 1.974 0.058
Aug 13, 2013 NR
Hole #106 79.5 81.5 2.00 6.56 5.000 0.146
126.0 127.5 1.50 4.92 1.093 0.032
228.0 229.5 1.50 4.92 2.109 0.062
316.5 321.0 4.50 14.76 5.100 0.149
375.0 378.0 3.00 9.84 1.228 0.036
379.5 382.5 3.00 6.56 1.435 0.042
393.0 394.5 1.50 4.92 2.183 0.064
403.5 405.0 1.50 4.92 1.222 0.036
Hole #107 98.0 101.5 3.50 11.48 1.168 0.034
199.5 201.0 1.50 4.92 2.160 0.063
208.5 210.0 1.50 4.92 1.000 0.029
226.5 228.0 1.50 4.92 1.384 0.040
423.0 424.5 1.50 4.92 1.141 0.033
Hole #110 160.5 162.0 1.50 4.92 1.593 0.046
198.0 204.0 6.00 19.68 1.276 0.037
372.0 373.5 1.50 4.92 1.454 0.042
373.5 375.0 1.50 4.92 1.790 0.052
Hole #111 112.5 114.0 1.50 4.92 1.747 0.051
303.0 309.0 6.00 19.68 1.771 0.052
439.5 441.0 1.50 4.92 10.050 0.293
Hole #112B 129.0 130.5 1.50 4.92 1.205 0.035
226.5 228.0 1.50 4.92 5.466 0.159
570.0 571.5 1.50 4.92 1.138 0.033
Hole #113 140.0 142.5 2.50 8.20 1.484 0.043
225.0 226.5 1.50 4.92 2.773 0.081
441.0 442.5 1.50 4.92 1.589 0.046
451.5 453.0 1.50 4.92 2.091 0.061
FB post - looks like someone took the time to walk down the beach into town for a coffee and pastry at the internet cafe today.
the first AH sale was way down from close at $ 2.6647, but then all other sales were within a cent or two of close
about 2.5 x and 2.3 x avg volume us and toronto
on both exchanges today recovered the gap up at open high ground of last Tuesday
after hours now sitting at 115k shares and usd$ -0.01
MUX on a tear today, tacking upwind at that
2x avg volume US, 1.75 avg volume CA to boot
Shorts getting nervous to lock in their gains ?
Ah ! Figures. Perhaps the new sticky can let the focus get back (at least for a while) to why the heck WDRP hasn't shown us diddly squat.
I was sort of surprised Beer's list of questions reposted to FB had not been removed from FB, with even its seconding posts remaining.
No problem JD, have sort of wondered if any others see more than some crack theory, not necessarily aligned to or even flying in the face of technicals.
I must admit, one can look at the .3-.4 and .7-.8 and say, well doh! that is 40% of the tenth, dime bumps, so what is the raw probability. I was there once some time back.
Fact is however, price action is usually bounded by two of the 8 in a range band, with motions fairly direct or jagged and wandering between them, and then maybe 3 or 4, sometimes even 5 (of the 8 out of 20 dime points) when transitioning to a different pair for a while. Now 2 out of 20 is a thin probability to see repeatedly.
This over time lead me to the thesis of programmatic settings.
Look at today's chart
http://www.kitco.com/charts/livesilver.html
after NY open silver bounces off 24.4 then off 23.8, staking out (for now) more or less the centroid of A range.
IMO there is now both strong pressure up for Ag, and strong resistance over loss of the 60:1 and higher Au/Ag ratio for Au level, and these are compounded by seasonal changes both in the jewelry/retail (Au and Ag) and industrial (mostly Ag) segments, and these are now being "itched" by the fact that silver's often exaggerated volatility from uncertainty surpasses gold's volatility both of which are coming into play. To me it is remarkable things have acted so normal, in the pattern of consolidating a floor at A base. Higher volatility times are also ripe for major range changes.
Call this post just a bit of getting used to how the hair on the hare feels
Hopefully the thesis that fields in some algorithms are operative, and their values, continues on. Just watch the daily/nightly motion, and it becomes clear how the price, whether moving fairly directly or very jagged and wandering, hits against or pauses and/or reverses near/at a couple of the .3,.4,.7,.8, within a few cents or nickle, whenever it is not in a larger move between the major ranges.
It seems to be a furry beast, but the hair has a texture one can come to recognize.
All JMO and if history presages future.
imo hard to call based on infrequent events (war moves) particularly as they have been events of different severities
is potential for equities collapse more in play in the closer times ?
FYI recent "ANATOMY OF A SCAM" discussion posts by myself were removed by Admin as OT, not by Mod, with no review available.
Glad to see the annotated version of this stickied, as that plots a middle ground.
It would not be unwise for them to delay, given the volatility of world events and the 3 day US weekend with UN inspectors slated to exit Syria at the start of those days.
Enjoy your non-connected time (well, non-computer . . . my smart phone lets me cheat)
Thx Flashminer for your time in highlights/summary
animism, hopefully all saw the post
Loading a rabbit in the hat.
Tonight silver pushed below 23.7 (so far?).
That touches into the (upside entry/exit) subband atop the 23 of the A dial setting, but has settled into the mid/upper ground between the subbands.
Today silver pushed above 25. To 25.12 if I recall/saw the highest
That opened the ground for momentum indications to start of A exit bound for the B dial setting.
This week started with repeat tests of centering in A, with much more testing of the upper subrange than motion toward the lower (largely during Asian trade down, US upward - the reverse of last week's open).
Where is this showing silver is going? What is said? Historically instabilities have lead to wider swings and/or persistent tests of, bounces on (and in highly volatile uncertainties, between) particular entry/exit bands.
The world is at a cusp. But so far raw price behavior looks as a dial set to A so now home in and center for a bit.
I would enjoy seeing low 23 of A fiddled with for some time if including reminders of how porous uppward A exit resistance is by spikes to and ideally now and then just beyond A (upward )so it is clear it is toying with downward bounces resisting lower exit from A. Historic behavior when somewhat centered oscillating in a range, one would see an occasional spike, as if some quant said "Let's see how expensive to move so far to/through the range edge". Those showing, and they can be very brief, minute scale, while bouncing off as low as 23.4 would be familiar ( , and welcome. Loading near A base then by B entry peaking to toy with consolidation after the dial is changed to B the unleveraged yield is 20 +/- % all depending, often fast. The past couple years provided more frequent oscillations similarly signaled between B and C than A and B)
But where for now imo is dominated by the current cusp of the world (which will be used to disguise the indicating "cost to move" tests that will indicate near-term intentions) but other than the cusp showing up the recent weeks' pattern is not unfamiliar.
JMO - pesky rabbit. And yes, the world is always new, this is past.
? imo At current levels MUX makes sense even placing a 0 value on Los Azules property
There is an updated preliminary economic assessment expected in Q3
That will be the best answer to your questions.
That said, the last resource update showed almost 20 billion pounds of copper indicated and inferred, and this did not include anything for the more recently discovered deeper mineralization potential of the property. From what I have seen, larger, early stage, copper deposits have brought in the area of 0.01+ (one US cent or more) per pound estimated copper which would be $200 million for 2 billion pounds. That however places no value on the 3.42 million indicated and inferred gold ounces or the 108 million indicated and inferred silver ounces.
However, without a buyer, the value is realistically zero, and word is that majors able to take on such a larger project are not shopping for resources currently.
D, did you think this through?
MUX was moving forward quite strongly in the early hours, but was caught imo in the equities-wide sell-off. Many that were beaten up in the last half of the day were I suspect the victims of forced selling from ETFs and funds and those saw selling pressure.
Hi TT . . . You are no doubt correct, and I certainly was not thinking about penny pump and dumps when making my comment, but I was focused on real companies that are trying to conduct normal business requiring a fairly high cash expenditure and able to attract investment (as compared to speculation) money. That said, there are without doubt examples of things happening as you indicate. The paid to post pump brigades wouldn't exist and show up for periods on boards if it had not been found influential.
My comment was really focused on the investor with the scale of position that, as a strong hold, could support a move in EXS shareprice, as a real mining explorer. Those I believe will be doing their DD and if they notice or care what is said here they will have enough sense to put it into the perspective of their DD rather than use it as a main factor to form their DD.
indeed, but cash can be useful, treated like a hot potato so one os not caught by the game of musical chairs
I have to agree to a lot you say Slimmoney.
The idea this board is that influential is, well, absurd.
Fresh money of degree to help the shareprice just isn't washing a decision with what flows on this board.
While I notice some feel I bash, or am negative, the fact is I just try to share critical assessment. It is not my fault if that gets read as a negative, but I see no reason not to share my assessment, as earlier today on the update. Sometimes I do get a bit motivated toward setting a balance to counter star-gazing posts, pumps I guess some call them, but otherwise I just call it as I see it hoping some welcome the viewpoint (similar or opposed to their own) for the sake of seeing all sides and/or other perspectives. That is pretty much how I come at it, and I see no sense in anyone holding back or picking and choosing for fear of impact of this board. Some things do need to be said about this company, and imo changes made, and that should be mentioned among other shareholders. As for today's news all I need say to sum up my impression is "Where's the beef?"
nicely composed,timely
aren't we hoping on some drill results (released into a rising sector and market) ?
Bah! Humbug! Modern-day animism !
For those that don't follow astronomy, Chandra pictures are taken in X-ray wavelengths, capturing extremely distant objects.
perhaps, but personally I tend to believe it is just the chicken with its head cut off syndrome showing fear of risk in face of US/Russia confrontation over Syria - in face of unanalyzable uncertainty retreat to the old cash is king
Where is MUX indeed ! Strong out of the gate this morning, but . . .
And with Ag testing just past and reconfirming center of upper subband of the A 23-24 dial setting range - after a second rather weak overnight foreign pricing
As you know, I am still of the opinion that MUX is tied as much if not more to Ag than Au by the market . . . slowly shifting toward Au
Perhaps there is strong doubt about Ag holding a new A ranking ? impacting MUX ?
That is pretty much my read also InXS.
Much water under the bridge (drill money gone) but the dam didn't get filled any further.
I sort of expected more selling into the news, but 1.32 million Toronto so far (that 821k share at 0.055 buyer must be bandaging a wounded foot this morning).
jmo
No, I doubt it is just a redo, but likely includes first set of surface drilling for "the pit" and I am guessing also the 20,000 meter drill program announced before the surface refocus was announced (if not more - sort of lost track - ByW used to do such a good job keeping us clear on this stuff via Gary)
It is not just a lowering of the cut-off (for underground) but a big lowering for whatever part might have been reclassed to pit that had been includable in prior and also a major move of underground from inferred to indicated. How much of that reclass for underground is due to new drill results and how much the model change is not determinable from info provided.
jmo
New short interest data released yesterday shows at 8/15 reporting date short interest was almoost unchanged, slight increase to 8,701,354, a high since the data reported for 3/28/2013 which marked a point where it seems a large part of the short position was exited.