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Yes, the trading is extreme to say the least. I really think this is going to rally soon with a lot of other miners. I thought I would lose my ass on this for a long time and have been surprised by its resiliency. Gold cant stay this bearish for long - its capitulation is almost finished and the weak are getting flushed. Same thing happening here with AGCZ.
Read this Montanore. Ill answer you in the next post
http://www.kitco.com/ind/Conner/20120504.html
I bought more on the dip and Im in the money with my whole position once again. Earnings coming soon. I know you are still not convinced but dont get left behind is my advice.
Wonder if this is the end of JPM with Dimons resignation?
Who is going to take on Dimons responsibilties when they are felonious. He doesnt really think he can walk away from all the corruption under him does he??
I have a corner in my house filled with bags of pennies. I dont even know how much I have - lol
Would you give them your Silver if they asked for it? Hell NO!!
I wouldnt even give them my pennies and nickels!!!
Reclamation is what they are calling it?? They will chase all the good money out before it gets "reclaimed" by the mint. This is good news for us penny and nickel hoarders.
http://www.coinworld.com/articles/testimony-cites-savings-from-using-steel/
Its just like the Romans - debasing the currency in hopes that people dont notice.
Its starting to happen - general market weakness going forward with a bid in Gold is what to expect IMO
When Ben Bernanke the helicopter pilot goes back into funny money mode this fall its off to the races for materials. I always follow Jim Rodgers
The bears are many which is good
http://www.forbes.com/sites/johnnavin/2012/05/04/the-gld-chart-and-the-isee-extreme/?partner=yahootix
They make such statements intending to accomplish the goal but fall short. Im in one other small oil play that has done the same but eventually put the meat on the table. I suspect that by fall they will get to at least 100 tons a day. In the meantime, I think we will trade lower unless the PR comes out. I can wait. This is less about how much money I can make in the short term and more about the long term for me. If it goes back down to pennies I could own a couple million shares easily. You know darn well there are assets and gold at the other end of this in Ecuador. I understand if you dont want to bite the bullet with your money but the story hasnt changed just the timetable.
Youre assuming that they have raised production already. I did raise this concern long before the deadline for a PR that the company would have a hard time initiating more production and nobody cared. Now you are all jumping ship becasue of it. You should have thought about it when we were trading higher.
I see this as a buying opportunity, just like the last time it dipped under .05 - then again, I have money to waste and will soon own a major chunk of this company as protection. I may even pull the certs with this one so Im truly not just a figament of the digital world.
You guys have to consider the assets, revenues and profits are real and the gold is outside the U.S. - its worth holding this - its worth pulling the certs to me.
Mike Maloney
What do you care?
Well, no PR today. I hope they can get it together soon.
It sounds like fun!
I would like to take a vacation but Im usually neck deep in work. We have let another sales person go so there is just me and one other guy. My brother is going overseas for a couple weeks in June so that wont be a good time. Well have to see Stinky.
Gold 1664.64 Silver 31.36
I dont see a beach - lol
Interesting....I knew about the dispute but never knew there was actually blood shed over it.
I bet its a lot like flying around Alaska. Scarey and dangerous.
Id like to retire in Manta. Ive already looked at real estate online and I could buy a working fruit farm now. Im planning on making a trip there soon but right now I have a lot on my plate.
I never married and I dont have kids FYI makes this a lot easier.
I think .30 cents is in the cards but if gold skyrockets it is impossible to put a number on where I would consider selling this stock. I remember too well selling stocks during the tech bubble that went on to unimaginable market caps. I wont get fooled again.
Funny thing about most of those tech stocks - they had few hard assets and werent making profits. Some had no revenue!!!
This will be the bubble that turns the world and its paper schemes on their ear.
If AGCZ works out in my grand plan I would like to expatriate to Ecuador and if what I think is about to happen, happens I will be on the beach in Ecuador soon watching people surf and drinking coconut water.
I own some Caledonia because of him. Not a lot but a few. He personally IM's me every once in a while just to see what Im into. I will drop AGCZ in his lap and see what he thinks
I know - he is fanatical.
Some of this info is useful gold miners golden cross
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74845012&txt2find=gold|miners
You will never see your entry point. I can almost promise that since I have the gunpowder to support the price just above my average.
You arent very consistant. According to you longs have rose colored glasses on and now you say you are a buyer at the right price. You lose credibility saying and doing two different things.
Im not a seller. You wont be buying from me.
No I assume that when the company said it would be by the end of April that that meant Monday.
They already said it would be accomplished by the end of March and missed that timeframe.
I guess I shouldnt be so rigid in my expectations
I have patience but am worried we wont get that PR on time. I own so much AGCZ that my position isnt very liquid.
http://andesgoldmine.com/resources.html
Historic Resource Estimations
The first attempt at precious metals resource estimation was made by TVX Gold Corp. geologists in 1995. They estimated a resource of 9.1 MT with an average grade of 8 g/t totaling 2.3 Moz of gold in the whole Zaruma- Portovelo district.
Latest Geological report
Andes Gold has hired an independent updated geological report. The results will soon be posted on this section of the website.
I expected to see some consolidation after the pump but its holding up better than I expected. Considering its only Tuesday we have the rest of the week to still trade though. News could be out at any time but is due on Monday. Lets hope they get it out in a timely manner and its not late. A late PR on upped production could really hurt the stock.
Montanore - last I noticed boardmarks were up to 131 and we are printing .064
Be nice to print those .065's and make everyone even or better today
Whats to read?? The market deems this stock garbage. It has a .50 cent spread. This company wont be in production for years. Meanwhile, it will slowly trade lower as dreamers hit the ask which will continually drop so people can get out and take their losses.
Parent company holds a 70% block of that billion shares and they arent selling any time soon. Ill double my money faster here than with that illiquid crap you are so bullish on.
I bet the guy doesnt even have a nickel to speculate with on AGCZ. That is why he is so skeptical. Meanwhile, I keep accumulating - I know what the right stock can do at the right time.
Stay away from this, its totally illiquid.
Their not cooking the books at AGCZ. They would have put out blow out numbers if that were the fact. Instead, they posted marginal numbers which werent all that great but Ill take a profit over a loss any time.
Ive gotten as far as finding Zaruma and Portovelo. Its all mountainous terrain. It could be anywhere.