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please note prior post is not Great Western Mineral Group
I see a big tension building between what a company knows internally, what it must present the government in order to obtain/retain grant of tenure, and what it must present if going to the markets for public equity or note funding.
not quite so . . . no one else here
Pacificor, previously Apella, has been on my long-term V and Ti resource list for a long time
Just not much happening, but there was enough V interest some years back to give me room to put aside some free shares
not my game, have fun
but I will give you a hint
the non-standard "all-in" cost is not too often reported, although motion to making it "normalized" has been gaining
For a number of companies the easiest route is to find in the financials the net profit number and that you can divide by production ounces.
I assume you do know what the bottom-line net has been Q over Q for Lake Shore . . .
That article one place said proven reserves and in another said resources. They are of course distinctly different, so the article is about as orecuse as one might expect from journalism.
I however tend to agree, that the use of the more specific and precise "proven reserves" makes it seem that the other term is just being used loosely.
Cost of production is one of the costs incurred by the company, but there are others that cost of production does not include
One must take all costs into account, not just what is usually termed the cash cost of production, a number more close to the per ounce cost of running the mining operation, not the cost of running the company (sales, admin, debt service, taxes, cap ex, etc.)
There are companies with 700 cash cost of production on gold per ounce that are loosing money at 1400 per ounce gold.
Please use the "all-in" cost per ounce if you want to subtract and get "profit margin" and to be listened to talking about profit.
Could be the repetitive nature of claims that are unfounded.
News released, results of testing provided, linearity confirmed and conclusively at least 30 % more efficient DUE OUT THIS WEEK
or else WDPR misses another announced deadline (first half 2013 - remember when that was announced toward end of Q1?)
Right, I forgot, with FB that announcement deadline can just be deleted and like magic, no missed deadline.
witness the effect of the political party system, as agent of self-interest, acting as an overlay on a governmental design
may they continue to resist what has been the demise of other attempts at popular and representative government
Resources or Proven reserves, conflicting meanings, and the article uses both . . . but it really does not matter, the tax is still the death toll ringing loudly from the bell of Sta Cruz AR's future.
No company will be forthcoming with internal proprietary info on what NI compliant resources/reserves it has, which of course will cut off access to external funding if such is needed. So will resources, at best, be developed in Sta. Cruz only at the pace of exploration by the majors that are able to self-fund?
With Sta. Cruz and Mendoza both now justly seen are mining unfriendly jurisdictions the grave of the Argentinian economic portion derived from resource sector is nearly completely dug.
JMO
So that new Sta Cru tax on resources must be just that, on resources, i.e. not on production from the resources. That is the only way I can figure a 1% annual tax costing 8% over the life of a 15 year mine (assuming constant reate of depletion).
So, if MUX continues to increase the NI compliant resource at Los Azules and keeps it on the books, that umpteen billion pounds of copper will cost it umpteen 10s of millions of pounds of copper per year for the new tax.
Oh Argentina, Argentina, have you lost your way ?
and you would know that how ?
given absence of "imo" you must be stating a known fact as a known fact,
however I do not recall that public statement from the company
smart money smells a bargin !
that appears to just about replenish the treasury the amount used for this season's exploration drilling, so the initial pre-feasibility costs after the estimate update are not an issue
my bad. I thought the tiny electric wall mounted boxes were the unit and the big soup kettle was to hold the output so it could be recirculated into the unit to get another couple degrees boost, and somewhere would be the alarm that would go off when the water in the soup kettle got up to 90 degrees F
I figured all along they would need a tank !
Somewhere between just odd and fully deluded is how I see such logic.
Mgmt has not responded to shareholders when any issue that is outside of their gameplan is raised. ("If you don't like it then sell." is NOT a response). Bringing attention to the problems with corporate (mis-) management, in any and all ways available, is the only recourse the company has left available to shareholders. If these have a downward pressure on the pps (and that is a pretty large IF) then those voicing the issues are not the ones to blame as the fault rests squarely on the company.
Get real Desti
Anyone looking to place sufficiently large sums to make the difference needed in EXS at this point certainly is not deciding based on some positive/negative meter for discussion boards !
Truth be told. Truth be told. Truth be told.
Not so much vacation that I don't stay connected
Oil is worrisome . . . moving toward my magic 100 threshold, despite belief of excess production and reduced global demand. All else, and probably that oil indicator also, points to the masters of the financial fantasy being fully in the drivers seat for another week (just past).
Sometimes I swear that they have finally formed a workable compact with the global news organizations to insure no pebbles make ripples on the surface.
Not seeing any urgency to go bottom fishing at this time.
Cheers
PS as usual Pacific 10+ degrees F cooler than Atlantic when I was in FL first weeks of Apr, but I can compensate
Perhaps, I feel most here would just like to get back to some positive gain flips, some see with long-term stars in their eyes, a penny that is real for a change, all of that.
However, as it is there is imo more needed than some marginally good, "we agree, there is hot water, and the electric consumption is competitive" statement from the Intertek testing. What is needed is new money, people that can see the beginning of a new Wanderport, a new credability, a new possibility. Just the same old longs and side-liners will not provide for much of any profits.
jmo
So much depends on the global economy, and sentiment toward resource sector, it is imo hard to project future moves. However, fact is key Brazil asset is best of class and will be productive and ready when demand picks back up. I got in at pps below current, sold off to recover costs in 2010 at highs and have been content to just wait it out with the remaining (although in hindsight might have been better to liquidate then, work the funds, and get back in with larger stake around here or whenever the sector bottom comes). The shares held up pretty well during much of the slaughter of the sector, comparatively, all the same.
Demand for ferrovanadium, or vanadium, etc. are the drivers, so as long as the company can meet development objectives and cover costs it is just one of those eventually things imo.
Yep, was indicating Northern Dancer. And yes, in the future, but nice holding. I am not sure why the sale of the royalty on it that Strategic Metals had announced did not happen, but I have the impression it had more to do with the downturn in the sector, with cash conservation, etc. than with the fundamentals of the property.
Not doing something promised due to fear of how it would be received is only indicating that there is a belief that it would not deserve to be well received.
There is a huge difference between a water heater for the home consumer market that will attain a 30% efficiency improvement over anything out there on the market, and a heat engine that might find some nitch markets in which its specifications make it an ideal technology to use for the purpose. Enormous difference.
Bottom line will be how MUX and other precious metal producers perform.
The longer forecast must be bleak as far as industrial metals demand, as evidenced by the cut-backs is production and workforce happening at a number of major diversified metals producers.
IMO the WSJ is a spokesman for the cause parading under the guise of critical thinking. What is having the markets spooked is realization that injected liquidity is the only thing that is keeping the global ship afloat, and the elation over the multi-spiked injection (US, UK, BOJ, EU) of insulin has numbed the reaction to negative news factors to very long and they are piling up, . . . , plus a growing realization that there will have to be an exit from expansion of the money supply at some point.
Through it all, the totally irrational slide in precious metals values continues despite the ballooning money supply and indications that it may be a very, very long time before central bank balance sheets are brought back down toward rre-"crises" levels.
We travel in desperate time having disparate indications, all with a front-running spin of opinion setters talking of good times ahead.
welcome aboard, I have been holding free shares for about a year and a half
interesting properties . . . the focus is on V but the Alaska holding is nice also
I was just saying . . . the correlation of PR history to price motion is in the history, which is probably so for most pennies
of course, iirc, there is the account in the allegations published by the AMF as were presented as cause for its request for the cease trade orders, where Andrea Cortellazzi is said to have denied involvement in the origin of Wanderport other than by providing the shell to Andrew Barakett and continues to indicate that subsequently Andrew Barakett then located Robert and entered into an agreement to license "the technology" from Robert
I suppose that you want to say the AMF fabricated that, or Andrea Cortellazzi did, or some such. Hey? What say Andrew ? Part of the company ? All of the company ? Not sure how to see a claim of none of the company ! ! ! I guess that Richard did speak a couple times in the conference call, half of them to reiterate what Andrew had already stated, but for the most part Andrew was the speaker in that call.
a much more informative chart would be a 4.5 year daily chart on which there is an annotation for each PR released
"Thoughts?" you asked. You outline the exact scenario that lead to the historic crashes of the different banking systems throughout US history, i.e. people went to get their money due to growing mistrust, and of course each bank only had so much cash at any one time, which resulted in the inability to honor the withdrawal requests, which fueled more mistrust, even becoming distrust, which brought greater demands for cash withdrawals, etc. etc. etc.
We all know that history. Just remember that the last such major run on the banks in the US happened when there were gold certificates, and all notes were exchangeable on demand at the US Treasury into gold and/or silver.
Today, the issue is that the "middleman" is a paper tiger, the currency is not involved in the real value system, and the level of trust in the values of the metals is being manipulated, which is not surprising given the decades prior to 2007 during which gold/silver is/were black sheep in the language of the vast majority of the investment community. The management of the image is very long standing, but today it is requiring some very sizable paper liquidity risk to enforce.
All the same, when confidence in other value stores erodes, and confidence in the ability to make value withdrawals (i.e. obtain physical gold) erodes, then what is to stop a run on this bank? The crowd mentality is the same century after century.
One would have to assume today's news is positive.
However, yesterday's was viewed as negative news by the markets according to some analysts. I say yesterday's as a huge positive in that it outlined a path to approximately the same forecast production at a greatly reduced cost that may mitigate the need for dilution and that allows Los Azules to have the time to mature as an owned asset. I did not see the negative side of the news at all.
Today, we have announcement of what might be world class silver, depending on how much of it, if it continues down as a feeder, etc.
yes, it applies in CA, but it applies not just to some few specific folks, it also applies to some companies, including Wanderport Corporation
Sheesh, I saw how many posts this board had today and thought "what the hey? you mean Wamderport issued something official today ?"
Nope. Not so.
I see a huge 800 shares changed hands today with the pps going down a whole half of a tenth of a penny, possibly due to the lack of news, definitely due to the lack of performance by the company.
What happened to the expectations that pushed this to a penny ? Is there something less to expect now ?
Let's see. The voice of FB said results would be provided in H1 2013. Supposedly Intertek is testing this week (?). It is 1/3 + of the way through the last month in H1 2013. Next Monday, apparently the first business day of the second half of the last month in H1 2013 will apparently be the first day Intertek might work on its analysis of the testing in order to provide its "interpretation of its analysis" as the company stated was the mandate to Intertek.
Are they going to miss their guidance, or will the company have disclosure about the performance of their "thing" in H1 2013 ?
umm, I think that would be a $32 CAD trade, not $300
The US otc volume was not much different, at 1k
I don't know Xman, maybe someone else can fill us both in.
All I recall is someone on the board saying that they had changed to a different group for the estimate for the credibility it would bring in marketing TPW into a sale of jv . . . but I never saw that in a NR. Perhaps is was in a communication from Gary.
Anyone know the specifics ?
I very much doubt that there is any reality behind your repeated claims that there are individuals with a motivation and headstrong agenda of driving the price of EXS shares down.
As you indicate, there is effectively no short position, so no one to gain there. So who would gain? I would say no one, as driving EXS any closer to death than it has driven itself would only make any attempt to gain from purchase of EXS shares even riskier than it already is.
To my view, your way of seeing the share price problem, as a result of efforts to depress the price just do not add up. The share price is as it is, in my view, because that is how the market sees the value of EXS. Nothing more, nothing less. No conspiracy. Just supply and demand. Very bloated supply, very little interest or demand.
Actually, the NI standards are an attempt to inject science, to remove the subjective, etc. but you are correct that there is much room for differences of opinion, particularly around issues of the geologic interpretation.
I am pulling out three successive statements from your post.
My guess is that you win big-time since rollbacks generally result is significant drop in value. As for the details, if you had borrowed 100k old shares in a 5 to 1 rollback they you would need to repay with 20k new shares. But most likely the 20k new shares would have a value between 50% to 90% of the original 100k old shares, depending on how the market perceived the motives for the rollback.