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Well one thing is for sure and that is that you will get a good price on your purchases in the next week...huge sell off coming as many are frustrated with the past performance and future projections by the SFMI team overall....everytime I tried to warn people I was shot down, many times recieving private messages and being blocked by the senders from being able to reply back.....I have never blocked a sender of private messages and I feel thats if a fellow can send them he should have the nugs to recieve a reply....after all we are all in it to make money and each conversation adds strength to our position whether we believe it or not...we are all investing or trading SFMI and should be open to whatever has to be said......and I am sure we can all admit that a lot of what has been put forward by myself on this board has now been proven to be spot on......and even some of the things other folks have proffered to the board has now been proven up....but at the end of the day it is all relevant in our considerations for investing or trading in SFMI stock and that why we have this board.....as I see it.....
Paid
Yes it is always a good idea to get as much insight from others as possible....but one thing you got wrong is that I was never an investor in these companies....I was just a trader, I never had confidance to invest in SFMI, based on my own DD when I first found it
Paid
I always make it a habit of reading other folks posts before I respond to them....I am sure if you had read the post you would have saw the info included...I have also read many posts on other boards today that are in reference to the SHM and the sentiment is largely the same....Investors are disappointed with the way the meetings were conducted and even the tour of the mill was not up to expectations....SFMI has been touted has the darling of JPMs by many on the board, but at one time BreX was also touted as the darling, and folks also saw the gold with thier own eyes...we must always remember the past and we must always see the real dollars on the financial reports,even then it is not always a winner....however one thing we do know for sure is that the Quillians will recieve thier huge paycheques on a regular basis and if that comes from dilution because they are holding the PMs for a higher price, then that is coming from the pockets of shareholders......as I see it...
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"will not require much more dilution to keep the door open"....and yet PQ is still talking share buyback, so which is it? I have read all the posts from attendees of the SHM this morning and I also have some other direct info from the meetings that I trust 100%....seems with every hard question asked there was no direct answer and it was sidestepped and not answered and then without warning they were cut off completely.....does this sound like a BOD that we want at the helm....the real story will now surface on Monday as the share price goes into a tailspin and ends up in the single digits....the folks on this board are not the only ones invested in SFMI and now that the market digests all the untruths of prior PRs and many of the bigger share holders have witnessed the operation, I believe there will be a huge sell off next week.....probably the biggest question is why did they not hire an experienced mill manager instead of trying to run an elaborate gold panning operation.....as I see it...
Paid
Wow a target price of a whole $1.25 based on 500 tons per day and uhh lets see they are at maybe 40 to 50 TPD after 4 months....I wonder how long it will take to get to 500TPD or is this tiny little mill even capable of that much production....one thing for sure it is not capable without some serious upgrades and a very capable and experienced mining engineer to operate the mill...can SFMI afford all of the requirements to get anywhere near 500 TPD...do they have a BOD that fully understands the needs and efforts required or is the BOD going in blind like they did with the uplists to the TSX and the Brazilian exchange listings....no one has mentioned anything about exploratory drilling or any work on the mountain itself yet....I did hear some reports about the buyback again...I think if these guys are serious about real mining they would be more inclined towards proving up resourses in the mountain than they would be about any share buyback at this time....share buybacks usually never come until everything else is in place and running smoothly and profits are over flowing so that the company can make a share buy back comfortably, not when the game is just begginning....my bet is we will be waiting many many years to ever see $1.25/s....but I will watch for my trades and profits....thats always banked money...JMO
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I think the market will let us know what they really think about all this total BS on monday morning......I mean really how can anyone believe that they are waiting for the prices to increase before selling product....my god thier initial plan was for gold at $650/oz, it is almost double that now and they won't sell any..also not listing on the international exchanges was to far fetched in the beginning, I don't think anyone believed that even for a minuite.....who knows what was really shown at the mill over the last 2 days unless thier were some real miners in attendance and can verify the actual recovery process of the PMs....I think I will be going short on this thing next week...don't see how I can lose...JMO
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Yes I agree, could be another string along in order to hold onto the share price as long as they can, however once they begin to lose credibility with the mainstream investors this stock will go into a real TAILSPIN and drop back into the single digits....there could be some great trading opportunities over the next few weeks....JMHO
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Now lets just think about that....83000 to GHDC plus 10000 plus labour, fuel and maintainence....think about that...if they had those kind of numbers from production, I can assure you they would have been standing atop War Eagle mountain and broadcasting it to the world....the share price would be well over a buck today....the GHDC payment is deffered as reported and the operating costs are supported from dilution.....O/S have gone up from 173mil to 230mil over the period or possibly even more, we don't know the share count today.....there is a reason for not reporting grades and production amounts, and we will find out soon enough......JMHO
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Actually thats a very poor comparision but you are absolutely correct.....no financial institution will lend you money on your property until they have an appraisal.....real value must be proven....thats why in mining we have things like NI43-101.. resourses must be proven or we as investors can end up with BreX type situations again....I am sure none of us want that...not me
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The true values of the company at this time can only be calculated by what we know to be fact....no value can be placed on properties that have no proven resourses....so on any claims said to be owned by SFMI at this time they have zero value.....the many piles of old tailings or dirt or whatever it is also has no value at this time as we have no way of knowing what the recoverable grades of PMs are or if in fact there is any PMs in those old piles at all...if they have processed any of this stuff, they have not told us what the grades are at this time so we can not place true value on something that may or may not be there....the mill and eqipment does have some value, however here again we do not know the actual value of the said equipment or the amount of money that is still owed on the said machinery and equipment....the property the mill sits on is fully mortgaged as is all other offices or land that is registered in SFMI name.....real value is most likely less than half a million dollars at this time....market value is at todays share price is highly inflated at somewhere around 62 million....JMHO
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It is obvious that many shareholders are losing confidence even as I write this....next week will see huge dips unless the company can come out with some numbers to show there is a possibility of profits....even then,most if not all of the cream goes to the other company.....still a possibility for a trade in here somewhere.....maybe......JMO
Rocket, You are new here and are most likely not aware that folks have been waiting for months now for a PR referencing production throughput and ore grades... over the last 2 weeks or so RK had promised that a PR of this nature would definatly be released prior to the shareholders meetings....I think todays dump and dip in share price is a reflection of what investors a beginning to see within the management of the company...OH wait I'm sorry there was a PR today...another fluffy, but still I guess that is how RK keeps his credibility with most of the longs....JMHO
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Wow I think I would like to get to know this guy....I can make a pretty fast trip to Idaho for deals like that....can you get me connected somehow...I am looking to make another buy very soon..PM me and give me details TIA...
Paid
Now lets see, they claim to have started processing at the mill on May 17/10 and 3 months later in a 10Q they claimed that they had been testing and had sufficient data to continue processing...here we are going into a shareholders meeting 4 months after they began processing and yet no one knows if they have in fact production quantities or satisfactory grades to continue processing from these piles of whatever it was they found on the mountain....some call it tailings, some call it leftover ore, some call it overburden, as a matter of fact some even call it tailspin..whatever that is...I was lead to believe that a PR would be released prior to the shareholders meetings detailing the production numbers and the ore grades...this was directly from RK in IR who claimed that we would definatly have this PR prior to the meetings...now the problem is that these numbers can not even be revealed at the SHM to the few that are attending as it would give them unfair advantage, so we will not know anything until the next PR....now the question is do they plan on releasing a PR anytime soon after the SHM or will they continue to keep the info a secret or is there even any numbers to release.....Hmmmmm
Paid
I wonder when these guys are going to get going again....I might have to follow Mont. lead and sell my shares and wait for an entry later on....seems I have beens tied up here forever....need some action...
Paid
You are correct... it is an open ended question and there is no answer from my standpoint at this time....our investments in bullion are based on the economic times...personally I had always felt that I should carry at least 20% of my portfolio in physical bullion, however during the last 5 or 6 months because of the economy's of mainstream European countries and the realization that most of these countries have depleted thier silver stockpiles and also the huge short positions on the Comex and JPM along with many ETF's and the ever increasing demand by industrial users, also China is now importing silver instead of exporting,mainly because they know of the huge shortages coming....these are just some of the reasons that I have decided to increase my holdings to 35%.....now I have absolutely no idea as to when I would be in a position to sell the first ounce....I suppose the correct answer would be..."when I have to"..however as we all know many many things can happen in this ever changing world and at any time....but for the forseeable future I am a buyer....as to the other stuff, yes if you don't sell you will never have profit and I am in business for profit...GLTA with our ever precious shiny metal as it moves into new territory..
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I am free...they are finally all sold and I am glad I got out just in time.....I bought this junk at .0220 and thought I might be able to get out in a few weeks on a double....I missed it by 1 point on 2 occasions as i had my sell set at .0450 to cover comms....I got lucky and dumped them all today in 12 pieces at my price.....and I must say I will never get stuck in these crappy little over hyped stocks again......hope that the rest of the folks here don't lose to much before they see the light....JMO
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How about you pony up for the last 80,000 and then I will ride off into the sunset with a few more dollars in my saddlebags....I am glad I was able to dump a bunch before the SHM cause I sure don't want to be caught holding the bag with this crap....
Paid
Certainly does appear like they are trying to hold all these over zeleous rookie investors in the dark. I told you folks many months ago that they had many many inconsistencies and would eventually dilute these companies into oblivion all the while lining thier own pockets. Time to open your eyes and see that it is just a family operation, set up so they can gain only for themselves....JMHO
Paid
Good timing on my order yesterday...kinda wondering now if I maybe should have placed the full order instead of just half....it was just hard to make the right call when there are so many rumors flying around right now.....JPM,Comex, China, India, IMF and etc....many of the mining stocks are starting to reflect a sign of encouragement towards the gold and silver prices....I will be happy as long as it stays over $20.00 and the politicians keep thier greedy little fingers and minds off it....cause what I have is all mine and I love it....have fun and keep on collecting until there is none left...
Paid
Thats not true at all ....of your many predictions, so far not one of them has ever panned out...also the reason GHDC is not moving up with the hype of the SHM is because of the proposed dilution to be presented to the shareholders...they are proposing to double the amount of O/S shares to help pay for the short fall from the other company...it is hard to pay bills with no revenue...so the only answer is dilution..JMO
Paid
Welcome to the board...I would like to hear a little more on that "levels I'm afraid to even mention"....also about how the gold prospecting is going in Alaska....most of us are into silver with small amounts of gold....myself I am of the belief that silver will begin to outshine old in the next year or so and will eventually outpace it....oh wait it is already shinier than gold..LOL
Paid
LOL I never thought about the cigarettes...I still smoke a pack a day and they cost $10.00 a pack here in Canada.. so if I quit, I could buy 1 ounce every 2 days even at todays prices....but I digress, I did place an order today but I will not disclose the amount...I will also place another order for the same amount within the next few days if the price stays over the $20.00 mark...I have been sitting on the cash for 3 weeks now, and thought it was best to pull the trigger...this will give me financial securety if anyone comes along ands says my loonies and toonies are worthless.....I hope that never happens, but one thing I do know is that my silver will always have value.
Paid
The dawn of another week....Is it time to buy at $20/oz or do we wait another day or so for a chance at another dip.....if we are thinking long term, then I guess $20 is as good as $19.50....however it always hurts a little if we place a large order and then have it dip the next day....OTOH I don't want it to get away on me and end up paying more tommorrow...the pressure is on for the shorts to cover and they have been doing a good job of holding the price in this range for the last few days.....I guess I will see how it does till the half way mark today, and probably place a smaller order unless it busts through that $20 barrier and is strong, then I will go large.....I do think this is the last week we will buy under $20....JMO
Paid
Just a little harsh there, Richard. Kinda early in the morning on my side of the hill for that....also maaaybe just a little early in the game as well....lets just give them a couple more months now that they have shown us that there just may be a pair in there somewhere yet...with the new filings of fraud,etc it does look like there has been some work done other than what our shareholders committee has made them do....these kinda things we just never know what is going on behind the bushes...JMO
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Now those are the fellows that should be in about a 75% tax bracket. No one is worth $850/hr not even Fuld or me LOL Most of those billable hrs are probably for a paralegal while he sits in a bar tipping shots. I bet he bills for 14 hrs/day as well. Well I guess the bankers have it and the lawyers want it....crap
Paid
Thats great to hear that you have busted that first goal and have a little seed for the second....I am upset that our own mint in Canada does not make these issues available to residents as easy as they do for our neighbors...I have complained several times over the very same matters...however I do believe that this coin will be made available in a set or special series boxed coin in the spring collection and those I can buy direct from the mint....silver has held close to the magic $20 despite the big money crooks attempts to take it back down.....a few more trading sessions with it holding or breaking that number and we will have our signal....try not to correlate any signifigance between the price of gold and silver at this time unless of course if there is a huge move in the price of gold....silver is a singular play at this juncture because of the extreme short positions and manipulation....I can remember a time when $8 silver ment the same thing as $20 silver does today and that was when you could still trust your banker....LOL Have fun
Paid
What a load of CR___!! securety my foot, they just don't want anyone broadcasting how far behind the 8 ball this scam is. There is absolutely no reason the owners (shareholders) should not be allowed to take pictures of thier own mine and mill. If they are conducting the SHM at the site, then it should be anything goes...otherwise the SHM could be held off site or in NYC even....JMO
Paid
The big money continues to hold silver just below the critical $20 indicator....however this makes it even more obvious that we are on the cusp of a huge break out....the last few days have shown the remarkable strength of our white metal....the big money crooks continue to try to hold it down so they can cover short positions....however thier quest is virtually impossible as amounts shorted are far in excess of supply....many folks believe some of these big money boys are leveraged at as high as 100 to 1 on silver....the break and hold above $20 is almost inevitiable and will most likely happen very soon....after that it will only be a short time until we see $25 and if that breaks, well I guess we can all see whats next....added more USSIF again today cause I have the same feelings about it as I do about silver which I also just love to accumulate...only in physical... no paper...there is another tiny gem next to USSIF that I am also accumulating, but I really believe USSIF is far under valued at this time....should soon get a good kick from it..JMO
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Hangalong,, Go to Apmex ..silver..click on "dollars" then "PCGS Low ball registry coins".....Sorry I don't know how to link it, I am old and only get by with what I have to do on computor...thats why I need an asst to handle all my dirty work..LOL
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Orca...Hanglong.. Now I am confused and somewhat flustered...Apmex has a category for Low balled coins..this appears to be coins that are graded as poor quality, however some of the prices indicate values exceededing coins of even a perfect grade......does this mean if I have a bunch of poor quality coins I can have them graded and someone would then be foolish enough to pay me big money for them.....I have never saw such a thing before....can't say I understand...perhaps you fellows may be able to explain....like I said I have a lot to learn about collecting even though I have done it all my life....I guess i never collected, I just saved them as I found them or purchased the pretty ones....HELP!!!
Paid
After reading some of your posts quite a few months ago, I started investing in silver proofs...anything the Cnadian mint has produced and offered to the public that is silver....and I have been buying up US Silver proof mint sets and coins as often as I can , and if I think I am making a good deal....I can see some of these things appreciating in value far better than bullion although I do love my bullion and will continue with those purchases a swell....it is just a little more difficult for me, being that I am in Canada and I have to also watch the exchange rates when I am buying and also because I am limited on the number of brokerages that will ship to Canada....on some of my orders, a few cents on the dollar can make a big difference....and then the very next day it will bounce back and that has an effect on my mood....LOL I have been spending a lot more time on coins an bullion in the last while as I am trying to increase my holdings to at least 35%....I just think it is the right thing to do under the current economic turmoil, not just in the US but in all European and even most Asian countries...the silver stock piles are all depleted and just the industrial usage will create more demand....with all the new demand in the medical field coming soon....well Jeeez I sure wish I could find myself a new silver mine....LOL
Paid
I have a bunch for sale at .045 if it ever gets there. I have missed it by 1 point on 2 occassions now, but would love to just get rid of them, before they are worthless. May have to sell for .02 after the SHM....but they are freebies, so I guess thats ok
Paid
You were the one who mentioned the Quarter sets....and being that I am into them anyway and this price was only a little over spot value, I think it was a good investment.....I also got a bunch of the 2008 MS70 Eagles for $75.00ea...I know Orca likes those...I am just buying a bit of this stuff while I am waiting to get a direction on silver....yes I liked that it broke $20 this morning, however that still does not give me a signal that it is going to continue to go up farther....we can still see that last dip, and I jsut can't justify placing another large order until I am sure of the direction......at this time there has to be something in the monetary system,most likely of a political nature to quantify a sustained upward movement....it could trade sideways for awhile or we may get a slight dip......myself I don't care cause if it goes up or down I wiill be waiting with my hand out to catch some more....Hope all you guys are with me...
Paid
Seems to me its more like paper covering paper...how long can they carry that scam....there are rumors that they do not even have the cash to cover if everyone tries to cash in certs and recover on contracts.....we are much closer to the silver boom boom than many folks realize....only a small percentage of investors have anywhere near a high enough percentage of thier portfolio in bullion at this time....however there are more and more that are bringing up those percentages everyday....I know I would not want to be caught with less than 25% in bullion for the upcoming market volatility or the currency crashes that are inevitiable.....it is just not concievable to continue printing currency in countries that are losing jobs on a daily basis....the real people cannot continue to spend paper that they do not have and very soon the Govt will find that without the consumer,printing paper is unsustainable...a return to the gold standard is almost beyond its time....you must hold physical bullion....JMO
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And there in lies the problem....do I buy more now as it trades sideways or do I wait for a pullback....or better yet do I wait till it busts through that phychological barrier and moves up to show its real power...these paper crooks quite simply can't hold on much longer....and they very well deserve to suffer big time..I could have placed an order today but then the USD began moving up on the Can Buck so I held back....now I may just hang back for a few more days cause I do think those paper boys might be able to drive it down again and give us one more buying opportunity before the Obamapresses start rolling again....as long as they keep the paper coming,the faster the bullion is going to go when it does begin.....comex can't cover contracts, JPM can't cover paper.....but as long as I can buy bullion, I don't care cause I hate paper..Hey Hangalong I ordered 35 of them today, just so you know...don't know how many are left.....
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I just added more shares today, however I wonder why they only operate 5 days per week....you would think with the price of silver and copper they would want to maximize production and profits at this time...not to mention creating some jobs at a time when many folks are in desperate need...JMO
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I would also bet that 95% of the billed hrs were done by paralegals and other office clerks. The fees charged in these CH11 cases are just beyond reason now. My god a firm can retire half of its partners on just one file nowadays. I guess if it ever come a time when they started hurting, then they would also get Govt bailouts, just like the banks. Gotta maintain that lifestyle you know!!!JMO
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Outright thievery!!!!!!!
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I had no intentions of accumulating the wildlife series....I did check around with a few dealers here this morning and in answer to your question about a better deal...quite simply "no" I can never get a better deal on Canadian mint bullion cause I do not have a dealers licence....just because I am from Canada, many folks assume we can buy direct from the Canadian mint....and yes we can however, not bullion. Now the Apmex pricing on the Timberwolfe is in my opinion a good buy if you can lock that in for Sept 20 shipment....I understand there is a limited mintage on these coins, but I don't know what it will be set at....in any case it is .9999 silver and if you can get a large amount, you can also count on nunamistic value in future years because of mintage....they are not in the same class as the Maples...this is my info from canadian dealers. Also breakfast meeting today was 80% silver talk....it is on the top of every investors list for this week...I could still handle one more buying opportunity...but either way I will be buying....just as a side note, if I do buy from Apmex I will add a few tubes of those Timbers
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Yes it was worth the drive and the bonus was that I got to see some country side for a change....just have to pony up 3 or 4 bucks each for tubes for the maples now...I have some tubes for the signature....he had rolls made out of paper towel sleeve, said his kids destroyed the tubes or lost them....only thing is when I find a deal like that, then I end up wishing I could have got a bunch more...LOL Just like when I get a jackpot in Vegas, I always wonder what it would have been like to get the other 7..LOL
Watch for new name coming soon...can only be..Paidinsilver...as soon as it reaches $30...but I won't sell an ounce
Paid