LRR under a loonie now ... eom

a higher offer from LRR ?
they have till Friday to counter, no ?

copied off stockhouse

To Mine_Professor:


BEFORE >>BOUGHT DEAL FINANCING<<:

There are 53,200,000 LRR-T shares in TOTAL in the >>MERGED<< company.

OLD LRR = .52 * 53,200,000 = ~ 27,664,000 shares

OLD CSM = .48 * 53,200,000 = ~ 25,536,000 shares

Therefore OLD NOMINAL CSM = ~25,536,000 / 0.4 = ~ 63,840,000 S / O FD


BOUGHT DEAL FINANCING:

13,043,480 subscription receipts @ $ 1.15

OPTION 2,173,920 subscription receipts @ $ 1.15


SO ASSUME NO >>IN THE MONEY<< warrants (which is likely a BAD assumption for the period of 5 years):


OLD LRR = ~ 27,664,000 shares

OLD CSM = ~ 25,536,000 shares

CORMARK and AL = ~ 15,217,400 shares (asume FULL OPTION)


Therefore TOTAL LRR S / O = ~ 68,417,400:

OLD LRR = ~ 40.43 %

OLD CSM = ~ 37.32 %

CORMARK and AL = ~ 22.24 %

"I believe that LRR will make a higher offer for CSM, and it may be well over 0.7 LRR share, for each CSM share."

This is a >>TOTALLY UNREALISTIC<< ratio for LRR shareholders.


However, I PREDICT that LRR will >>INCREASE<< the RATIO of 1 CSM-T to 0.5 LRR-T.


NEW OUTCOME:


OLD LRR = ~ 27,664,000 shares

OLD CSM = ~ 31,920,000 shares

CORMARK and AL = ~ 15,217,400 shares (asume FULL OPTION)


Therefore TOTAL LRR S / O = ~ 74,801,400:

OLD LRR = ~ 36.98 %

OLD CSM = ~ 42.67 %

CORMARK and AL = ~ 20.34 %


As a CSM-T SHAREHOLDER, I prefer to TAG along to LINEAR GOLD and NOT to B2GOLD. LRR must pursuade CORMARK and AL to >>ACCEPT<< the NEW RATIO and STILL KEEP the SAME Bought Deal Financing.


Eigen337

Kudo's cl001, I member marked
you back in the RNO days, once
again, on the mark ...

RE : "Schiff recommends siver above all"

Silver shorting

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35077874

RE: Silver price , from Stockhouse

Silver price manipulation has investigation still going on at CFTC
http://www.investegate.co.uk/invarticle.aspx?id=66609

Ted Butler has to be the most well known on the topic:

"To that end, let me introduce some new and specific evidence of a manipulation in silver, via concentration. Once again, the evidence is from the CFTC itself, in the form of their weekly Commitment of Traders Reports. In spite of the ongoing investigation and a higher level of awareness of the issue of concentration, the last two COT reports have indicated a level of concentration more extreme than in almost six years. The four largest short traders in COMEX silver futures now hold a net short position of more than 47% of the entire market. You have to go back to March 2003 to find a higher level of concentration.

And this number greatly understates the true level of concentration by these four large traders because the CFTC doesn’t subtract spreads from their calculations. Once all spreads (the listed non-commercial and imputed commercial) are removed, as they should be, the true concentrated position of the 4 largest shorts rises to more than 65%. I’d like to see anyone contend that a few traders holding 65% of any market does not dominate or control that market. "

A free archive of his reports is located here:
http://www.butlerresearch.com/archive_free.html
He's not at all shy about calling out the massive short position held by 4 traders (banks) as manipulation.

"In every long form COT report, the percent of the market held by the largest 4 and 8 traders is reported each week, on both a gross and net basis. We can disregard the gross and stick to net. Look at futures only, skip the futures plus options data. Look at the information contained in the most recent reports of December 19, for positions held as of December 16. You must look at all the futures on each exchange. All the reports can be found here -

http://www.cftc.gov/marketreports/commitmentsoftraders/index.htm

There were reports for 116 different markets, ranging from agricultural commodities, metals, energy, stock indices, currencies, etc. In the vast majority of markets, the 4 largest long traders held a percentage of the market comparable to the percentage of the market held by the 4 largest short traders. There was an almost even split between the number of markets in which the 4 largest longs held a bigger percentage than the 4 largest shorts (54), and in which the 4 big shorts held a greater percentage than the 4 big longs (62). In most cases, the big longs were just a few percentage points larger than the big shorts and vice-versa. This is how one might imagine the distribution would be in a free market.

In silver, it wasn’t even close. The 4 largest shorts in COMEX silver held a percentage of the market that was 3.7 times greater than what the 4 largest long traders held. The 4 largest shorts held a net 46.3% share of the market, versus a net 12.5% share by 4 largest longs. No other market had such a disparity. In fact, the 4 largest silver shorts held a position more than double the size of the 8 largest silver longs, something not seen in any other market"

FR.TO has a gap at 1.80 C
I've got several bids just above that ...

OT: tiesto, thanx eom

tiesto, on those Kinross 2011 warrants,
trying to find pink ticker,
do you have a current price ?

KNRSF, KGCAF ?

FR news:

First Majestic Silver Corp.: San Martin Updated NI 43-101 Report Increasing Reserves/Resources by 45.81%

VANCOUVER, BRITISH COLUMBIA, Jan 20, 2009 (MARKET WIRE via COMTEX News Network) --

FIRST MAJESTIC SILVER CORP. (TSX: FR)(PINK SHEETS: FRMSF)(FRANKFURT: FMV)(WKN: A0LHKJ) ("First Majestic" or the "Company") is pleased to announce an update regarding its activities in Mexico at the San Martin Silver Mine and a new NI 43-101 Reserve/Resource update.

This newly updated technical report with a cut-off date of September 30, 2008 has resulted in a significant increase in overall Reserves and Resources at the San Martin Silver Mine. Total Proven & Probable Reserves have increased by 41.83%, while Total Measured and Indicated Resources declined by 51.55% due to the upgrading of those Resources to Reserves and Total Inferred Resources have increased by 110.94%.

Knight re : Gold vs. Silver

http://www.kitco.com/ind/Radomski/jan152009.html

good source, http://www.pinksheets.com/pink/index.jsp

eom

FR.TO good news just out, added here,
Knight you still watching?

First Majestic Silver Corp.: Production Increases 27% in 4th Quarter

VANCOUVER, BRITISH COLUMBIA, Jan 13, 2009 (Marketwire via COMTEX News Network) --

First Majestic Silver Corp. (TSX:FR)(PINK SHEETS:FRMSF)(FRANKFURT:FMV)(WKN:A0LHKJ) ("First Majestic" or the "Company") is pleased to announce that production in the fourth quarter ending December 31, 2008 increased to 1,070,903 equivalent ounces of silver representing a 27% increase over the prior quarter production and an increase of 6% over the same quarter in the prior year.

The equivalent silver production for the quarter consisted of 930,120 ounces of silver, an increase of 29% over the previous quarter and 2,093,987 pounds of lead which represents a 38% increase over the previous quarter. The large increase in lead production was a result of improvements in recoveries of lead and tonnage at the flotation circuit at the La Encantada Silver Mine. Production of gold in the quarter amounted to 403 ounces representing a 25% decrease compared to the prior quarter.

During the quarter, the combined recoveries of silver at the three different mills showed a slight decrease from 67% to 65%. The overall average silver head grade in the quarter improved for the three mines increasing by 6% over the previous quarter to an overall head grade of 207 g/t silver.

The ore processed during the quarter at the Company's three operating silver mines; the La Parrilla Silver Mine, the San Martin Silver Mine and the La Encantada Silver Mine, amounted to 215,646 tonnes representing an increase of 27% over the previous quarter.

Despite the reduction of underground development throughout the Company's three operating silver mines, a total of 5,847 metres of development was completed in the quarter representing a reduction of 34% over the previous quarter. The total development for the year 2008, totalled 27,890 metres. This compares to 20,279 metres of underground developed in the previous calendar year representing an increase of 38%. This development program in 2008 was very important in giving access to new areas within the different mines in order to continue the growth of silver production in the future, and to upgrade current ore resources to reserves.

Reserve and Resource development was a high priority for the Company in 2008. In the quarter, two new NI 43-101 Reports were released. Current global resources now stand at 260,351,425 equivalent ounces of silver. As previously reported, two additional NI 43-101 Reports will soon be released to further increase this number. During most of the year, over 20 drill rigs were operating. During the fourth quarter, a decision was made to reduce the diamond drill program to four drill rigs, which currently remain in operation. A total of 4,193 metres of diamond drilling was completed during the quarter compared to 26,666 in the previous quarter. During the year ending December 31, 2008, a total of 61,440 metres of diamond drilling was completed which compares to 37,176 metres drilled in 2007 representing an increase of 65%.

Keith Neumeyer, President & CEO, stated, "We've witnessed another significant year of growth in production and Resources as a result of our continued focus on mine and mill improvements throughout the past couple of years. Production increased by 18% year over year and Resources have increased by an impressive 55%. These improvements will translate into higher production for 2009 and with the new La Encantada mill coming online later this year, production will get another significant boost. First Majestic is still a young company that is not without challenges as can be expected as a result of our significant growth to date. I'm continually encouraged by our team of professionals who collectively have over 500 years of mining and management experience and who are all extremely committed to building a leader in the silver sector."

As a result of the work completed in 2008, some of the improvements and advances made during the year include:

At the La Parrilla Silver Mine:

- A new CCD thickener and two new leaching tanks to increase capacity and two new filter presses in the filtration area were added which have positively impacted recoveries.

- Expansion of mill capacity from 800 tpd to 850 tpd which was achieved in November 2008.

At the La Encantada Silver Mine:

- The increase in NI 43-101 complaint Reserves and Resources from 66 to 89 million ounces of silver equivalent representing a 34% increase on a year over year basis which included Reserves of 35.5 million ounces of silver equivalent representing an increase of 182% year over year.

- All related permitting for the new 3,500 tpd Cyanidation plant was obtained during the first half of 2008 and construction of the new plant began in July. Planned completion remains the second quarter of 2009.

- Several improvements were made within the current flotation mill which has resulted in overall capacity reaching 1000 tpd in November 2008.

At the San Martin Silver Mine:

- Expansion of the mill began at San Martin in July 2008 and was completed in December resulting in an increase in capacity within the cyanidation circuit to 950 tpd. This throughput has now been reached and is fully operational.

At the Del Toro Silver Mine:

- One of the most impressive and over-looked events of 2008 was marked by the discovery of the third ore body at Del Toro. This large and open, highly mineralized structure is still in the early stages of being defined. The first NI 43-101 compliant Reserves and Resources estimate was published in the fourth quarter far exceeding management's expectations. A total of 57 million ounces of silver equivalent were defined paving the way toward feasibility study and permitting which is planned to be completed by the second quarter of 2009.

Total production during 2008 reached 4,244,756 ounces of silver equivalent representing an increase of 18% compared to the previous year's 3,584,265 ounces silver equivalent. Even though management is pleased with the substantial increase in silver production compared to 2007, production for the year was lower than originally estimated. The heavy rainy season which affected the third quarter had a negative impact on the tonnage feed through the mills at each operation. Also, at the San Martin, maintaining optimal head grade continued to be the primary challenge which required management to try different alternatives to give the development program time to prepare and access new areas within the mine. Given the expansions that were completed in 2008 and the new construction underway at the La Encantada, management is estimating production to be 6,000,000 ounces of silver for 2009.

First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to become a senior silver producer through the development of its existing assets and the pursuit through acquisition of additional assets that contribute to achieving its significant corporate growth objectives.

FIRST MAJESTIC SILVER CORP.

K, GLTY

post 11270, follow link ... eom

FWIW, looks like SMC tied for most picked stock in
VMC contest 11 ...

what about the TA on LRR ?
since 1 SMC = .4 LRR at end of month,
no ?

Red

It pays to hang with the Canadians ...

http://www.stockhouse.com/bullboards/MessageDetail.aspx?p=0&m=25736051&l=0&r=0&s=CSM&t=LIST

OT: since the US is going socialist anyway, why
not give Canada statehood per province,
the combined country would be much more
powerful in the emerging new world order
all citizens from both countries would benefit,
no brainer, IMO ...



Red

RE: SMC ... interesting
talk on LRR Stockhouse board
regarding 7.5 M warrants
exercise $1 being spun off to shareholders ?

Red

FWIW,

trading those Canadian pinks
on Ameritrade is not that bad, but
no real time, use Stockhouse $10 a month
getting the conversion is a pain in the a**
sometimes but usually, bid a bit over, sell
a bit under, and get good fills



Red

RE: SMC

LRR insider's buying !
100 + K last couple days,
on Stockhouse but can't cut
and paste it ...

Red

OT: thanx Knight, was getting overbought,
thought might be a takeover play ...

Red

RE: Silver, In FR.TO since mid dec
looks like being accumulated, your take ?

Red

someone on Stockhouse
said Yamana , FWIW ....

try smaller, AON stink bids ... eom

RE: CSM / LRR Merger from stockhouse


Excellent News!
Kultsi1
12/25/2008 8:39:06 AM | | 13 reads | Post #25485523




This news is truly EXCELLENT!

The reasons are:

1. The combined company has a lot of free cash of approx. $ 20 million
2. Existing short term loan extended until latest June 2009 (enough time not to be worried and enough time to close the merger)
3. CSM is valued at CA $ 0.28 per share, good premium to last price of CA $ 0.195
4. MANY brokers/analyst/investors have priced CSM as a default candidate - this is now not anymore the case!
5. On a financing perspective: the merged company will have a strong balance sheet, that's a very important fact to achieve debt financings - I'd say it might have been a condition to get a debt financing or in other words: debt financing to complete Orosi is just around the corner and will very likely happen right after the final closing of the deal - the deal should be finalized within some weeks, forget about the latest deadline (this is just the legal deadline).
6. CSM and LRR will move ahead aggressively - both companies bring VERY valuable assets to the table and a merger makes the companies definitely stronger!
7. No dilution and no complicated share structure - leverage for shareholders remain in place

I believe that many investors will see the combined company as a very interesting (and very cheap) investment opportunity to gain leverage to production, exploration success and excellent JV with Kinross!

CSM IS ON TRACK AGAIN! I'd say the company has just turned to a STRONG BUY IMHO!

I think most of us have
taken the old Festivus
pole up the *zz this year, lol !

Merry (fill in holiday) to you and
all ...

this story ?

S3 Investment Company Announces Scheduled Re-Capitalization
Friday February 09, 2007 09:31:27 EST
TEMECULA, CA, Feb 09, 2007 (MARKET WIRE via COMTEX News Network) --

S3 Investment Company, Inc. (PINKSHEETS: SEIH), a holding company with two subsidiaries doing business in the China market, today announced its Board of Directors has voted to effect a reverse stock split of its outstanding and authorized shares of common stock at a ratio of 1-for-150 shares. This measure may encourage investor interest and improve the marketability of the company's common stock to a broader range of investors.

The company has filed a Certificate of Amendment to Articles of Incorporation with the State of California reporting the Board's vote to change the capital structure of the company and the number of authorized shares of common stock from 9,900,000,000 to 66,000,000. The 100 million authorized shares of Preferred Stock will remain unchanged by the Amendment.

The reverse split, which is expected to become effective on Monday, February 12, 2007, will reduce the number of issued and outstanding shares of common stock from 2,400,000,000 to approximately 16,000,000.

No fractional shares of common stock will be issued in connection with the reverse split. In lieu of issuing fractional shares, the company will round the conversion figure for the new shares up to the nearest full share for each stockholder who would otherwise be entitled to receive a fractional share.

The reverse split will affect neither Series B Preferred nor Series C Preferred stock. The Series B Preferred stock is convertible into common stock on a one-for-one basis. There are currently 12 million shares of Series B Preferred stock issued and outstanding, and it is management's intention to have all Series B Preferred stock converted into common stock immediately after the reverse split has been effected.

The one million shares of Series C Preferred stock issued to Chairman/CEO Jim Bickel as security on a personal guarantee he provided for financing are expected to be cancelled once the debt to La Jolla Cove Investors has been repaid.

"This recapitalization is another step in our strategy to elevate the position of S3 in the public markets and allow the company's stock to be valued based on the revenues reported in our consolidated financial statements," stated Mr. Bickel. "We have achieved a number of very important steps in this process, including the withdrawal of our election to be regulated as a business development company, the consolidation of the financial numbers of the company to include its subsidiary operations, and the clean-up of the most significant debt and legal liabilities of the company.

"We are firmly focused on continuing to develop a strong, performing public company with steadily improving financials into a tangible long-term return for shareholders," Mr. Bickel added.

To sign up to receive information by email directly from S3 Investment Company when new press releases, investor newsletters, SEC filings or other information is disclosed, please visit http://www.s3investments.com/ealert.php.

no thanx, i'm good, my bag is full

bid .001

OT: tryoty, fair enough, I am well
aware of the potential here, only reason
I spammed here to begin with. 6, 12, 24
mos is a long time, oil flies today,
I'll be back with much more cash
when the time comes, cya

CNEH : parabolic break out possible,
only 20M out, perfect storm, w/ oil $150 - $200

believe $ set 1st of month, 140 ish ... eom

BOOM goes the dynamite,
who are you stranger ?
In fact who am I ?

enjoy the ride ....

oil above 140 on way to 150 easy ...

from yahoo, firecracker ...

perfect storm for CNEH ...

Can anyone multiply? 26-Jun-08 01:40 pm
If anyone can multiply would you please multiply 46,000 X $137 and tell me what you get. That is the likely revenue for CNEH for July. I expect CNEH to produce 46,000 barrels of oil in July, 48,000 barrels in August, and 50,000 barrels in September for 144,000 barrels total. If oil stays around this level CNEH should have third quarter revenues of $20M and a net profit of $6.6M or .33 per share. CNEH will determine it's price for July production on Tuesday. I expect CNEH to have a positive cash flow of $9.5M in quarter 3 with $137 oil. I can't believe that anyone is insane enough to sell CNEH at $4 with annualized earnings of $1.32 per share and 15% production growth every quarter. This one is a no brainer. Then there is the possibility that China will reduce the oil surcharge. That would add significantly to CNEH earnings. JMHO

Kubutu, thanx for the Mongolia trip tip,
guess we now know why ...

is there anything else you might have
gotten wind of ? I'm assuming you're
not an 'insider' as such, so feel
free to 'speculate' anytime you want ...

Gooooday mate

OT: Zen, ya know that was a joke, met you BIPH shm
4yrs ago, just bust'in on ya ... Red

Zen, r u sayin screw the caribou?
when the tree-huggers start seeing
the light, the times they are a chang'in

I'm in all oil for now ...

Red

CFO update from : northern

northenlightsk05 send pm · add member to favs · ignore · recommend


Recs: 4 Have Just Spoken With CFO
The summary is listed below. Thank everybody for the contribution.

(1) CFO and the management are going to visit US for two purposes:

(a) To discuss with Nasdaq and Amex regarding the transfer of CNEH from OTC BB to Nasdaq and Amex. The company has not yet decided whether to go for Nasdaq or Amex. CFO said that they had fully met the requirement of AMEX. They plan to apply for AMEX and Nasdaq in July this year. They expect that it would take 1-2 months to go through the paperwork. CFO expected that it is going to be quick for the list on Nasdaq or Amex.

(b) To do a roadshow for institutional investors during their visit to US in July.

(2) The crude production in Q2 should be higher than that of Q1. They drilled 9 new wells in Q1.

(3) The production life of CNEH oil wells. They expect to have similar production life for their oil wells as compared with PetroChina's oil wells due to the same location and similar geometry. PetroChina started to drill wells in that location in 1965 and those wells have been producing oil for 30-40 years. CNEH expects that their oil wells can be in continue good production for at least 15 years with the use of new technologies.

(4) They continue evaluating new technology such as CO2 and N2 to increase crude production, to increase recovery rate, and to extend the well life.

(5) Chinese government is currently considering to reduce Tax on oil drillerss and producers in order to increase oil output due to oil shortage in China. CNEH has very close relationship with PetroChina. They should be informed as soon as PetroChina gets any news regarding the Tax reduction.

(6) CNEH made $4 million payment in April as a capital contribution to Song Yuan Technical. The reason is that they want ed to increase capital size of Song Yuan, so that they could convert their recent financing from USD to RMB. The Chinese government has restriction for such a conversion for a small company with a small capital structure. By doing that, they could increase the capital size of Song Yuan to meet the requirement. Same apply to the conversion of RMB to USD.

(7) The financing cost and interest expenses will be amotized over 4 years and be approximatelly $1.9 million USD for non-cash interest expense annually. This is a rough number. CFO has to check the book to get the exact number.

(8) CNEH will not stop production anytime because of Olympics. Their production will not be affected by this event.

(9) No news about Topworth so far. SGZH CEO sold his shares a while ago and he did not need to do any SEC filing since he is not a majot share holder (<10%) and he is not affiliated with CNEH.

(10) CFO said that they would be very busy for the next 2-3 years because they would continue drilling new wells until they have over 600 wells in their 4 oil fields. But they will continue evaluating any good opportunity for acquisition and possible new oilfields from PetroChina. But they only do so when the cost and benefit make sense.


Sentiment : Buy
Rating :
(No ratings)

Kubutu response,

"Thank you very much what a great board for AYSI and some of the posters are outstanding you have a group of good solid investors that are focused on good solid discussions.

I like to join you there and share my thought and opinions with you in making AYSI stronger and us better investors

Thanks talk to you soon

Long AYSI"

sent an invite already to join us here, link

http://www.stockhouse.com/bullboards/SymbolList.aspx?s=AYSI&t=LIST