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Added 4k shares just now. Averaged my cost down. Re-investing dividends.
Andrew McGuire on his am. video indicate he thinks silver will be 27 to 30 and ounce by year end. I think he well might be right.
SVM has high grades in their deposits and should see a big bump if he is right.
Their Mexico operation also has high grades and is ready to produce.
As always do your own DD.
Boing X 2
Interesting in how yahoo is moving comments around on the stock board.
One had to really study the board to see the comments and replies.
Older comments moved to the top.
Now have 10k shares and partial ownership in 215M shares in ETFs.
That is how convinced I am in this co.
INMO this stock is going up. Time will tell. Do your own DD.
Boing X 2
Just added 3.900 more shares. Averaged my cost down.
Told several people on a flight to Denver last week and they all
were going to check it out.
Now reinvesting all dividends and will be adding over a 100 shares a quarter.
Not if, just when this blows up.
Boing X 2
Great source just indicated to me that Russia has moved their blood supply up to the front line.
Of note, market closed Monday. If I were Putin and planned to invade it would be tomorrow to have the least impact on Russian stocks. Just my thinking.
Who knows, just giving my thoughts. Raised more cash yesterday to protect against a sell off.
Just added another 1K shares BTG yesterday. Cheap and reinvesting the dividends.
GDX and GDXJ should move up before long due to short supplies all all metals.
I look at miners as a double safety net. Gold and Silver plus metals that are going to be in more short supply.
Boing X 2
Added another 1K shares today.
I don't care if anyone buys or not. Just saying what I am doing.
Inflation is out of control and not going to get better.
I am re investing dividends to off set depreciation in the dollar.
I don't think we have seen anything yet in what is about to come down the pike.
Boing X 2
Mali updated the BTG permit. Takes that worry away.
Now let us see what Finland and Egypt can produce.
Boing X 2
jsc52033,
Sorry I had not checked in. BTG trades on the AMEX.
Metals are taking off today.
BTG starting to take off.
Had a very good year per PR today.
Boing X 2
Several things.
I am most interested in them having obtained permits in Egypt and their big finds in Finland.
Egypt has had only one mine for centuries. The potential could be enormous. They still might obtain more permits in the bidding in Egypt. Also, I suspect Barrick Gold who also obtained permits in Egypt is watching them closely.
Egypt and Finland might have the biggest potential in my opinion. They are still cranking it out In Mail in the mean time.
Boing X 2
jsc52033.
I said I added the shares. Not NY BOB.
Boing X 2
NYBOB
Just added 1,300 shares today.
They got approval for 12 years on the Mali mine.
Finland has big potential on their few drill holes with many more to go to find out the potential to gold.
They just increased their shares ownership in the JV.
3rd lowest miner cost. A jewel in the making.
What has me excited is their permits in Egypt with only one miner there for centuries. Hope they grab many more permits.
Also, made a big play on adding 5 mutual funds we don't have to pick up another 2.4B shares at the lowest cost. Bought the least amount to get into the funds and average my other shares down from down 23 Percent and greater for less dollars.
Now have exposure to 7Billion shares on miners at rock bottom prices.
Oil is going probable going down on production yet demand likely to increase. That likely means the cost of everything is going to go up.
Time to tell but I think I am right.
Boing X 2
Starting to sound better.
https://www.mining.com/four-agreements-signed-at-first-pre-consultation-for-pan-american-silvers-escobal-mine/
Boing X 2
miggi,
I think it might be in relation to the government unrest. They are still full speed ahead mining and it looks like the government issue might get resolved.
Undervalued big time for a low cost miner IMHO.
Boing x 2
NYBob,
Thank you very much for the welcome.
BTG has a 3.16% dividend. One of the highest for a gold miner. I suspect that will increase down the road.
4 cents payable to holders on May 10th and payable June 10 if I remember right.
What I like is that GDX, GDXJ, FCNTX , OGMYX and FGDAX have a couple hundred million shares or more among those 5 funds.
Their Egypt permit has me stoked along with Barrick Gold. The funds also have heavy numbers of shares of Barrick in them. Egypt could be a block buster for these two with their knowledge. I hope they can grab more permits as they are still putting them up for auction. They didn't accept all those that bid the last time.
I hear now the GOVT. wants to spend 10 Trillion more. If they do, all metals are going off the charts.
Almost every product is upping their prices and or putting less in the packages. Car wash up 10 percent this am. I wanted it clean for Mother's Day and for a nice restaurant our son is sending us to on Sat. Costco paper towels went from 160 sheets per roll down to 140 for the same price this week. That works out to 1 and one third less rolls in the big pack. They have the same numbers of rolls with less paper and at the same price. 8 some & increase.
Luck to us all,
Boing X 2
Correction,
Mining lead and zinc not iron.
Boing X 2
Picked up shares Friday for my individual account. Already had shares in my miners ETF.
SVM showing very high grams per ton count in their China and Mexico mines recently.
Most miners find 1 or 2 to 20 grams per ton.
Their drill results are finding 3,200, 1,300 and 800 Grams per ton.
They are already mining millions of tons of lead and iron in China.
Looks like a lot of potential going forward IMHO.
Boing X 2
NYBob,
Not a lot of news showing that BTG just received permits to mine in Egypt as did Barrick GOLD. Not many permits were granted and they still have a chance on picking up more.
I am not so sure GOLD might not try and buy them out down the road.
There has only been one mine in Egypt and they are suppose to have rich deposits.
They have mined gold in Egypt as far back as to make King Tut's mask.
Looking forward to seeing how this goes. Bought shares on Friday and not sorry. Had them in my miners funds but wanted to own some shares on my own.
Boing X 2
New PR on Alzheimers drug for LLY
For educational purposes:
"https://www.otcdynamics.com/lly-lillys-donanemab-slowed-alzheimers-disease-progression-in-phase-2-trial-full-data-presented-at-ad-pd-2021-and-published-in-nejm/"
Sounds positive to me. I note Yahoo Finance does an article and said no improvement on secondary end points. That does not sound right to me. They are talking about 20 to 40 percent improvement in secondary end points. That is still major with a disease that is so devastating. It might also improve with more study IMHO.
Another detailed PR.
"https://flashalert.me/?symbol=LLY&source=PR&referer=https://stocktwits.com/&url=https://www.prnewswire.com:443/news-releases/lillys-donanemab-slowed-alzheimers-disease-progression-in-phase-2-trial-full-data-presented-at-adpd-2021-and-published-in-nejm-301246745.html&s3=LLY/2021-03-13/06-36-06_000000/pr/d11c6c228fcdee2eeac476a5b679a2eb/lillys-donanemab-slowed-alzheimers-disease-progression-in-phase-2-trial-full-data-presented-at-adpd-2021-and-published-in-nejm-301246745.html"
Should get more information on the Monday cc.
Boing X 2
One would think this would garner more attention.
"https://www.govconwire.com/2021/03/eli-lilly-books-2-7b-in-army-contracts-for-coronavirus-antibody-treatment-production"
I had to stumble across this by accident this am.
Boing X 2
First post PAAS board.
Added more shares to existing shares.
They have paid off all debt. IMHO should do well going forward.
Boing X 2
funindasun,
Timing trades? Not me. Just saying other people selling not knowing what was going on since April.
I sold 200 shares in Jan. and none since. I would be very upset if it was after April and a potential deal being worked on and not being aware that was going on.
Boing X 2
funindasun,
If this is all correct I am more than hacked.
Going on for several months and not letting the shareholders know. Where the heck is the board in all this in protecting the shareholders.
I venture to say if this is all correct, there are going to be more suits. How could they be selling their stock to their advantage if there were negotiations going on since April.
Imagine many shareholders buying or selling from Aprit until now not knowing what was going on.
Disgusting
Boing X 2
funindasun,
Tried that for my knee replacement. It is too expensive in AZ. First you have to pay 125 for a doctor to get you a card and then pay 150 to the state for the card and you have to do it each year. They you can buy product.
Do use CBD Balm and it stopped the knee pain, after six months of pain, in one day.
See the house might decriminalize shortly. We shall see. I found the best for me was the blueberry terra bites with THC. Worked the best on controlling my pain. Gave up my card so would have to go to CA to gat any now. I gave up smoking so don't like the vape and other got me punchy.
Just going with the CBD for now.
It is a shame that THC works well and I can take two Tramadol and get no help. They don't want to give anything stronger. Like my GP say's you are not going to get addicted if you are in pain. I don't like taking pills but would like the pain to stop.
Boing X 2
fundindasun,
Surgery went well and doing better every day.
Little sore today after going to our son's house yesterday. Forty minute drive each way and even though
I put a pillow on the seat I am sore today. Did PT this am. and now get a four day break.
Yes his dog is sharp as a tack. She doesn't miss a trick. Just have fun playing with her and she is
such a great dog.
Sounds like your dog is sharp also.
I am not the one in the suit. Just sitting back like you are to see what happens.
Glad I am getting four days rest. They are stingy with drugs now and two tramadol don't even touch the pain. Like my GP say's if you are in pain you won't get addicted. I hate taking pain pills and stop as soon as I have no major pain.
I hope all have a great long weekend. I would not be unhappy if the deal didn't go through.
Boing X 2
funindasun,
Thank you. We do like Margaritas.
Some day before too long wife and I want to come back to the big island.
SW airlines is making it cheap to say the least and we have a ton of points.
If that happens we might well meet up. We have a relative who owns a big house there but the land is worth more than the house so they really don't like to meet up at their house. Would not bother us.
Had PT this am. and then came home and let our neighbor upstairs condo wash his patio before I washed ours below. Got all the summer dirt and dust off so we both can enjoy as it get cooler later this month.
Going to our sons house tomorrow to help bath his great Belgium Malanois and have some eats. Need to get back as our cleaning lady comes Friday.
His baby girl doesn't like the bath but knows the treats follow so she behaves. She is a cutie pie.
Her nose doesn't miss a trick. She will not lay by the oven other than when the wife is cooking leg of lamb. Then she lays in front of the oven to guard it and make sure she get some lamb. Funny to watch.
Boing X 2
funindasun,
Thank you,
I think some here are going to be in for a surprise here if this closes before Dec. if not in an IRA type investment.
They bought back in and might not make the one year for capital gains.
Hope they are thinking ahead to make sure they pay their estimated taxes if not long term gains.
People tend not to think about it and we are close to the end of the year.
They are likely to face a much bigger tax bill if they don't make the one year.
As my CPA said, the IRS looks at how much you pay in estimated taxes, each quarter, even if it all hits the last quarter in deciding penalties.
No fear here.
Boing X 2
IanFromSI,
Thank you.
Boing X 2
IanFromSi,
A chance I have to take. I can't sell before OCT 1st due to numerous considerations. One being I don't want to owe the state estimated taxes until the last quarter.
If they break up I still own the stock. Another win in my opinion even if a temp drop in price.
I saw someone say you have to own the stock in Dec to get a long term capital gain.
From my research I believe the rule sates you only need to own the stock over one year and not have to sell it on a specific month to qualify as a long term gain.
My CPA didn't argue I didn't have a long term capital gain and I hope to sell or close or what ever after Oct 1st.
Boing X 2
funindasun,
No hanging around until the end.
Boing X 2
jbog,
Last post.
The trust has to pay capital gain taxes due to the sale of the stock.
It was not a stock swap. I would not have owed taxes with a stock swap.
The trust is not treated like an IRA where I will not pay taxes until I withdraw income.
My MNTA stock in the IRA will not get taxed and I will reinvest the proceeds.
The trust pays because it is in effect a sale of stock and I can't postpone paying the taxes even if I don't take money out of the trust.
Boing X 2
Jbog,
Does that make you feel better?
Merger, buyout whatever. You know damn well what I meant.
Just have to dig don't you.
Boing X 2
funindasun,
I am hoping this closes after Oct 1, due to tax consideration
Last quarter and I can pay the estimated taxes. Have my CPA giving me feedback tomorrow.
Didn't even think about that I will be required to file a trust return due to the merger.
Boing X 2
Whoa,
Total shorts as of 08/14/2020
6801864
Shorts took a 156,264,000 or more hit assuming none covered by the 19th
Wonder if they are signing up with law firms. Would they have covered if they knew MNTA was in sale discussions.
I did say they must have had a death wish to be short with what was going on with the progress of the drugs.
Boing X 2
Floblu14,
Good luck and safe travels.
Boing X 2
Former AG checking it out,
https://www.businesswire.com/news/home/20200820005628/en/
Boing X 2
funindasun,
I agree. If they were going to put the company up for sale why not announce it to get the most and best bids.
For example Tony was unaware they were in talks to sell and he sells the day before the announcement. If he had been aware they were in talks would he have sold? He has a real gripe and loss.
I agree it looks like they tanked the stock and you are right why get a loan for 1 billion more if that wasn't the original price. This whole thing stinks.
It appears they were only looking out for their pockets and not the investor's. Where was the board on looking out for us? An idiot would know a cash sale would lessen the benefit to investors who were not invested in an IRA from a tax standpoint.
I have stock in our IRA and Trust so will get banged in our trust as a cash sale. Sure it is long term capital gains but, still a big chunk of money I have to fork out this year now vs. a stock swap and no current tax due. So that make a bunch of us take a hit.
I wish LLY or some else would come in and up the bid even if by a dollar and stock swap and I would vote for that.
Boing X 2
flovllu14,
Yep! Same here. I was laying in bed thinking about all the patents likewise.
How much is each patent worth?
Boing X 2
floblu14,
I agree. Wait and see time.
Boing X 2
funindasun,
I agree with you and Flo.
This merger didn't just happen in one day. Why all the selling by insiders if they knew they were in discussion for a merger. Why would they do that?
It doesn't appear they looked out for the shareholders with so many things coming close to coming on line.
M254 alone could be worth what they accepted. They have a ton of cash, a free FDA ticket worth 150M
or even likely more to J and J, Fast track drug approval moving forward, and on and on. They already had a ton of cash in CSl todate. What about the generic with Mylan close to final approval. That generic would be worth a ton of cash. Wu Xi left out in the cold?
No protection on a stock swap for the investors so taxes will reduce the value of this deal if your stock is not in an IRA.
Do the shareholders not have to approve this merger???? Of course they likely sucked up enough shares yesterday to not make our shares count.
What happens to all the MNTA employees working on all these projects?
I see Johnson and Johnson is going to the market to raise money for the deal.
Boing X 2
floblu14,
Hope you are right. Why they did not protect us on getting a stock swap is not making me happy. I would not owe any taxes with a stock swap. Plus I would have still been in on all the drug developments.
I don't want to have to fork out for a big tax bill. That reduces the profit of this deal.
It also leaves us out of the loop on further action without buying into the new merged company.
I am wondering why all their selling if they knew there was going to be a deal. It would seem like they left a lot on the table. This is not making sense.
Time will tell.
Boing X 2
Jbog.
Thank you. That's what I was afraid of. Oh well, at least it is long term capital gains.
Boing X 2