Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Its there somewhere...Im looking
Get on Google Earth
We will find what we are looking for here
BTW - cooooll
Montanore, do you know how to use Google Earth? Im sure we could find satelite pictures of Andes. Just never used it before.
This is old but you get the idea. The numbers are x real estate and x derivatives. Imagine the derivative market collapsing! :)
http://www.whichwayhome.com/index.php/gold/why-buy-gold/gold-silver-platinum-market.html
25 years ago I took logic in college - hasnt failed me yet.
Your logic is flawed. Let me illustrate it for you.
Al Capone was a mobster who lived in Chicago. I live in Chicago. Therefore, I am a mobster.
Just because they are out of Boca means diddly. They are actually incorporated in New York.
Thanks - a little sanity for a message board that is about to become insane.
If this was an outright scam why havent they brought production up by the end of March like stated?? Why the wait?? Could it be due process meaning its not so easy to bring production up to 100 tonnes? Scams usually happen according to plan and there are no instances where they need to wait for accomplishments since its all a grand lie.
Another issue I would like to raise is their balance sheet. Why only a marginal profit?? Wouldnt a scam produce blow out numbers to pump up the shares?? It seems highly unlikely the company doesnt exist and produce Gold otherwise they would be making claims that would be questionable ie revenues and profits. Another point is the fact that they own assets other than just the mine. If they didnt own their own mill I would definately tend to believe the numbers are fake. Why own a mill and be adding a second if there was no Gold being mined?? Are they lying about the mills?? That I find unlikely.
So, in contrast to our detractors, it needs to be realized that this is a small company with real hard assets producing both revenue and profits. They are painstakingly growing their production and not at a rate that is incredible. Although their ore grade has been in question I also tend to believe it is what it is. People have been mining this region before the Spanish arrived and its been one of the most prolific regions in the area. Claiming they produce 1 oz per tonne is not an incredible proclamation for the region.
People will either choose to believe or disbelieve. That is a constant in pinkie land. I, for one, choose to accept that I am dealing with a real entity.
Ive been stacking lately. Buying 925 silverware at or below spot. Ive got some pretty good deals on ebay. Wish I could post on the PMIC board about it as I think many people would agree that if you can buy Silver, any Silver, below spot, you are doing well.
I disagree that now is not the time to be stacking. I think we are headed up as evident today. At first, I thought we would see an immediate 7.5% rise but now Im more bullish.
Considering there are 2 long positions for every short position in the market is bullish IMO
One may not easily be able to short this through an online broker but if one were to call a full service broker they would gather all the shares one wants to short. It may take some time but they will do it. In fact, I would loan the guy my 435,000 shares to short. I am that confident he is wrong.
Im too busy to bash stocks but I short them like Krispy Kreme and HSOA and many others. If he had any balls he would short this but instead bangs his gums and wastes his time trying to convince people he is right.
AGCZ is in the right place at the right time. Doubt its a scam but Ive seen scams uplist and run into huge market caps only to fall back down to nothing and BK. You would think the guy would move on to more fertile ground where he can take a short position easily. I guess the stubborn are meant to lose ground and remain wind bags on these boards. I dont know what drives people to waste their time I suppose its valor.
Glad to hear you havent capitulated and sold. There will be trying times like now but I do believe this will be much higher in the future or I wouldnt waste my money and time.
He doesnt care - all his efforts will go into trying to prove this is a scam and will end fruitless when the company produces the goods and eventually uplists.
Since the board is open to petro plays Id like to tell you all about BNXR. Been a long road but things are happening. Small float and filing. Could be a real winner if you have patience. Company initially did a big PR campaign but the time frame took longer than expected. They are actually doing what they said they would do though. King City, California property could really perform well its in a well known oil field. Definately worth a look now. FWIW
I bet we get a 7.5% rise in Silver here pretty quick. Back to yearly highs. Glad to hear you found some Gold just wish you told me you found a 1 oz nugget!
Dont get discouraged, Montanore. Ive been skimming some of the gains off my bond funds and supporting AGCZ. I dont think its going to drop precipitously. These micro's run hot then cool then hot. Im sure you know this but I wanted to remind you ;)
Did you score some more Gold on your expedition??
I dont think you are missing something but you will have to be patient.
Yes - it SHOULD go up but we are still fighting the crooks rigging the Gold and Silver market. There were some weird trades in the Silver market tonight. It popped up over 33.00 but got smacked down. One of these days it will be a gap up and the shorts will get theirs.
The professional pumpers seem to have moved on. The story, if you will, is just getting going. By Fall, if Gold prices dont tank, these shares should be much higher. That doesnt constitute that we are pumpers but investors. Some playing shorter duration while others are longer term.
Read this then question what we own
http://www.adventure-trader.com/historical-documents.html
Audited financials forthcoming per CEO. They are currently engaging auditors to have this accomplished.
Weak jobs report puts QE3 pressure back on Bernanke
http://www.forbes.com/sites/afontevecchia/2012/04/06/weak-jobs-report-puts-qe3-pressure-back-on-bernanke/
Go listen to the recent interview instead of asking us to do your DD for you. Why should we help you?? Apparently, you think we owe you something which couldnt be further from reality.
I went to Panera the other day and it cost 20 bucks to buy 2 drinks a bowl of soup and a sandwich. No wonder they are making money they are passing off all the food inflation off on their customers. With 5 dollar a gallon gas and lower prospects for job seekers I just dont see how they can keep their restaurants packed.
This company was profiled in Opportunist Magazine a pamphlet in the Wall Street Journal in October 2010. You would think they did some homework before they published it.
Its a speculative play on forward production, loose monetary conditions, higher Gold prices and possibly more QE and of course 2% inflation which is actually over 10%.
There are always red flags when one speculates - even on big board stocks. The fact that this is a pink sheet makes it very risky so if you cant stand the heat stay out of the kitchen.
I could buy any number of pink sheet "ADR's" that have a higher market capitalization and much less going for them. People bid that crap up based on expectations of reserves and possible production that could be as far off as 5-10 years. AGCZ is producing now and claims to have have the reserves to meet 400 ounces of production per day by Fall. That is enough motivation for me to be bullish and overlook the negatives.
Apparently you think we are going to read all that crap?? If you dont like it - dont buy it.
Its an unregulated pink sheet. You are lucky to even get a response from the CEO. If you think they owe you something you are poorly mistaken. You are lucky they havent fleeced you like most pinkies.
Look, if you are going to be condescending Im going to remove your posts. Secondly, I dont know what you are talking about most of the time and Im not alone.
Seems to me you think they owe you something because you are invested with them. The fact that he even responded to you should make you happy. Im sure the guy has more important things to do than answer emails. If you dont like the website then dont invest your money with them. Talbot gave you a direct answer and you didnt like it. The website isnt up to snuff according to Spruitenburg. Im sure there are more pressing issues other than the website. You seem to take it personally as if the world revolves around you.
What?
Seems like a logical response to your question. What do you want to hear that he isnt saying?
Obviously, you believe that coordinates from 1956 are reliable. Anything from 1956 isnt going to be exact yet you continue to piss and moan that the company doesnt meet your investing criteria - too many anomalies. I suggest you contact the CEO and ask the pertinant questions you have. He would be happy to properly inform you unless your goal is to bash then I dont give a crap about trying to help you do DD anymore.
The Miranda mine was originally owned by a mining individual who held ownership of the property for over thirty years. Some rudimentary tunnels and mining activity took place over this period, but no significant volume of ore was extracted. In the beginning, Compañia Minera PL S.A utilized the existing mining works, tunnels, raises, and shafts to access the gold bearing veins. These tunnels have been improved by the utilization of advanced engineering technology to serve the mining requirements of the company.
http://andesgoldmine.com/history.html
Those coordinates are from 1956
The centre of the property is located on 654,500 East and 9,594,000 North (UTM PSAD-56, zone 17S) or longitude 79° 36' 31" West and latitude 3° 41' 20" South (Provisional South American 1956 projection).
The mill in this picture isnt next to Andes but they may be mining the same mountain in which case the coordinates would probably be the same.
http://www.dynastymining.com/properties/zaruma.php
Your right - nothing goes straight up and if you dont have patience you dont belong in this game. Granted, the majority of pinksheets in the mining sector I would never touch. This one is considerably different than almost all the others.