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That is smart thinking long term. ET is a strong company. I have a lot fewer shares than I use to have, but will not sell all of them.
I believe we are getting close to the price target where they will consider re-starting. JMHO
I really like the DD I have done on this company. Not invested yet, but I will be soon.
That is one reason why another company that I was invested in gave up and sold out. I made a decision a while back to keep my investments in the USA and Canada. Way more stable and there are plenty of great PM miners.
Gold will go always up and down. This is why it is important to me that a mine be high grade and low cost. This gold mine can do well at much lower prices. In the current economic environment I seriously doubt gold will remain down though. Covid is far from the only problem, though the market seems to be treating things that way.
02/25/2021 Pretium Resources: Underground Exploration Drilling at Brucejack Extends Mineralization with High-Grade Intercepts
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/453-tsx/pvg/94049-underground-exploration-drilling-at-brucejack-extends-mineralization-with-high-grade-intercepts.html
Wow, this company has done nothing but raise money over and over again for the past 5 or six years. Is the Shotgun property not worth messing with? Not so much as a hole drill hole. Looks like both the copper property royalties and the lithium property royalties are many years down the road if ever. I fail to see any reason to consider TNR right now at any price.
Things looking a little better for ET.
Short term, I dont care what it does. If It drops below a dollar, I will buy and flip. If It goes up I will just hold my long term shares. Guessing what it is going to do, and or when when, is a fools errand. Real news will drive the share price, not predictions of doom and gloom or cheerleading.
Yes, I did see that video on the 18th. I have been adding a few daily on the last dip. I now have more than I planned but I think I will just hold on to them.
Q4 wont give you much info. Their first pour was at the very end of December.
Thanks. That video says it all. I bought a few more today.
Lol, what kind of news are you expecting? Would you like them to make some up. There is no news, because there is no news right now. There could be soon though. That is called speculation. Speculation could be right or wrong but does cause volatility.
Got a few more today. Not going big, just a few at a time. If it drops again tomorrow I will take a few more.
Interesting day today.
02/17/2021 Pretivm Lifts COVID-19 Travel Restrictions at Brucejack
https://apnews.com/press-release/globe-newswire/travel-business-lifestyle-public-health-government-business-and-finance-f817f888f1e0c358f142f30f5b1ac566
Well, I broke my plan. Picked up a few more this morning. Just could not resist.
02/10/2021 Presentation https://s21.q4cdn.com/390685383/files/doc_presentations/mcewen_presentation.pdf
This is from Feb 2016 :"Production in 2016 at the Sawn Lake Demonstration Project has reached a steady state
production level over the past six weeks of 600 barrels per day (“BOPD”) (150 BOPD net to
DWOG) with an instantaneous steam-oil ratio (“ISOR”) of 2.2 from the one SAGD well pair.
Production, on a 100% basis, averaged 596 BOPD with an ISOR of 2.2 in January and has
averaged 620 BOPD with an ISOR of 2.1 during the first 21 days of February."
Not true. They can restart what was the test program and be back in production very quickly. They would then build the expansion. I am not saying this is their plan or that they even restart at $60.00. but it could happen. So to say they have a lot of work to do to re-start is questionable. Keep in mind their test program greatly surpassed on both production and steam per barrel. Only one company producing in the Alberta oil sands has comparable numbers. Production for them is not if but when IMHO.
Energy Transfer Announces Expanded Effort Focused on the Development of Alternative Energy Projects
https://ih.advfn.com/stock-market/NYSE/energy-transfer-ET/stock-news/84315382/energy-transfer-announces-expanded-effort-focused
It was always a matter of time until they had an outbreak. Its not like it will end PVG. They will manage the outbreak and life will go on.
Latest Presentation. 02/03/2021 https://puregoldmining.ca/wp-content/uploads/2021/02/PureGold-Corporate-Deck-Feb-3-2021.pdf
I would be also, but I go into a position with am accumulation goal number and very seldom vary from that.
We have so much unused capacity at Black Fox mill. Hopefully they can bring a lot of volume from Froome zone at a decent grade. It eill be a while before that get any production from Grey Fox IMHO
Communication just for the sake of communication is a waste of both time and money. When they have something to communicate they will do so. There are plenty of pump and dump companies but DWOG is not one of them.
What royalties and or streams are tied to these properties? I have been researching three different companies and am not sure. If I remember correctly their royalties range from 2%-2.5%. I dont remember any streams. Is that correct?
Wow, another 30,000,000 shares. I think that makes nearly 43,000,000 in just a month? I off loaded some shares today. I still have a good position, but had to take some off the table.
Today was a high volume day for DWOG. Normally I think the average is around 25K
I now have all the shares that I plan to buy I will now just watch and wait.
Looks like somebody tried to prime this Friday. Laughable. This position has scam written all over it imho.
The problem with this position IMHO is the Silver Wheaton agreement. Am I incorrect, or are they basically giving S Wheaton 25% of their production?
Please enlighten me. I cant seem to find the original agreement to read. I like the project, but it is hard to survive when giving up 90% of 25% = 22.5%
McEwen Mining: Progress Update
January 29 2021 - 06:45AM
https://ih.advfn.com/stock-market/NYSE/mcewen-mining-MUX/stock-news/84201949/mcewen-mining-progress-update
Well, I never expected to get this much profit in this short of time. If it dips below $ again, I will buy again. I am still holding my long term shares, but able to claim the gins on flips as long term capital gains. The best of both worlds.
I am slowly getting back in as of today. Just a nibble here and there.
I dont pay much attention to low volume gains. We ill get there, but it will take some more time IMHO I also think when it jumps, it will be very rapid.
B. Riley FBR, on the other hand, stated in their research note that they expect to see MUX reach a price target of $4.20. The rating they have provided for MUX stocks is “Buy” according to the report published on September 10th, 2019.
ROTH Capital gave a rating of “Buy” to MUX, setting the target price at $3.25 in the report published on December 11th of the previous year.
Yes, the web site is still there. They are not going anywhere. They are patient folks.
Who knows what that idiot might do? I dont think so though. What alternative source of energy does he have. Even if he wanted to it would take years to wean off of oil and gas.