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Maybe they're paying $15/hour and making the difference up in stock?
People buying all the way down...
Every share that is sold by someone is also bought by someone else. It's easy to see why people would want to sell, because so many shares were purchased much cheaper, and because the SHM attracted a lot of impatient money. Probably only one reason to buy, though, which is that you believe in the company's story.
Oh brother....
So RK is blaming MM's and naked shorts? That is a BAD SIGN when management resorts to that kind of thing.
Management BETTER not have written any such thing. If they did, they are either liars or insane, neither of which is a desirable situation....
Let me repeat the question
What is the composition of the (1000 lbs) concentrate that's being stored?
Assuming there's NO water, how much is gold or silver, and how much is other stuff?
I'm talking WEIGHT here, not volume, as gold is maybe eight times as dense as ordinary rock.
I'm sure there must be people on this board who know....
Forget the water. Maybe it's 10%, maybe it's 90%. I'd like to know the composition of the part that isn't water. What % is gold/silver?
Question about concentrate
Sorry if I'm a little confused about the process. My understanding is that concentrate is the last step before smelter. One poster intimated that a large part of the concentrate weight would be water. While I'm sure that some of it is water, it seems unlikely to be a large part.
So let's assume, just for discussion, that none of it is water. What, then, would be its composition? 50% gold/silver? 80%? 20%?
Positive Thoughts - I hope you realize that, in making that post, you are committing a felony (assuming you own shares and stand to profit from an increase in their price).
I'm amazed SFMI is shortable.
Stocks have to be marginable to be shortable, and a stock at 18 cents shouldn't be marginable. But I put in a dummy order on IB to short the stock, and it wasn't rejected....
The MA initiation report was paid for by SFMI and directed to come out today. Before you say anything else about that report, go to MA's website, check out their recommendations and targets, and compare them to what subsequently happened.....
REG FD
" to the maximum extent practicable, we believe that all investors should have access to an issuer's material disclosures at the same time. Regulation FD, therefore, would require that: (1) when an issuer intentionally discloses material information, it do so through public disclosure, not through selective disclosure; and (2) whenever an issuer learns that it has made a non-intentional material selective disclosure, the issuer make prompt public disclosure of that information. "
Maybe Murphy Analytics WAS the news.
If management manages to get through the shareholders party without showing anything convincing, and PARTICULARLY if all they do is reference the MA article (which they not only paid for, but directed that it be released TODAY), then run for the hills on Monday.
If you don't believe me, got to MA's website and check out how their recommendations have done...
Imperial
Well, I did say "hardly any", and the one example you gave still leaves us in the hardly-any category. Also, I note that they're getting about 0.25 oz/ton, which would appear to be about the level that the old technology could get down to. So why not expect the same for SFMI's piles? 0.25 oz/ton would still be profitable enough so that they could maybe start some serious development on the rest of the mountain...
Basic Question for the Board
There are goldmine tailings piles from the 1800's all over the West, and hardly any of them are being reworked, even though grades of well under 1/4 oz/ton would be economical.
That would tell me that the mining techniques of the 1800's were much too sophisticated to leave a pile with the sort of grades SFMI is talking about.
How did this happen?
Wall of shares on offer at 28 cents.
A lot of people are making a lot of money selling at that price.
One (or more) of those was me. It makes me uneasy when someone is so willing to sell to me....
Someone is happy to sell at 23 cents.
hmmmm.....
Looking at the monthly orders, I see a big jump from July to August. What was that due to? New product? Change in reimbursement?
TIA
CEGE - I agree with Waldiver. If Provenge gets approval, CEGE may have a hard time even enrolling for their big study. What doctor would recommend to a patient to get into a study using GVAX instead of Provenge, when, at best, there's the promise of only a marginal upside?
Any thoughts on CEGE? That might be a way to play a DNDN approval, that is, by shorting the piggyback pop in CEGE, or even selling calls. That's what I did with the first DNDN approval, with considerable success...
I'd put higher limits on DNDN's prospects. With an unrestricted approval by the FDA the pop would be over $30 but, more important, there's no reason for it to stay under $50 in the longer run. I think it isn't unreasonable to look for a triple from here.
It may be overly optimisitc, though, to look for an unrestricted approval.
Long August calls at $25 and $40...
Maybe consolidating (DNDN) but more likely, IMO, being pinned to $15 to wipe out as many options as possible.
Long August calls ($25 and $40)
Hullo Dan - could you give me your favorite two moly plays, assuming you have any?
TVMIA
I didn't know that. Any idea how big a share?
CEGE - I shorted it heavily in the pre-market at $4.95. Good grief... up 38% **in sympathy** with another stock? That was ridiculous!
Thank God for Interactive Brokers, which often has shares when no other brokers do...
I sold my entire DNDN position in the pre-market at $19.25.
I **thought** it sure looked like a great short at that point, but I decided not to be greedy (for a change)...
I have a whole lot of shares from $4.75 and the same number of puts. At $6.50, the profit on the stock will make up for the puts being wiped out... :)
Thanks. I see that now. Can you get a current quote of the sp-500, too? What symbol?
i think the index quotes are always 15 minutes (or so) stale. To get the current DJIA, multiply the DIA's by 100, and to get the current SPX, multiply the SPY's by 10.
If that is correct, we should see the DJIA down 323 in about 15 minutes, because that's where the DIA's are right now...
Sorry... I was backing into that from looking at the DIA's, which are down $2.80, implying a drop of 280 in the DJIA. Either the arbs have allowed the DIA's to get a little out of whack, or it's because the index quotes tend to be stale, and they will catch up with their equivalent ETF's.
Now that the DJIA is down 260+, we have to go back to 3/3/24 to see a bigger loss: 307 points.
The great bull market of 2003-2007 started a week later...
7/19/2006 +212
6/29/2006 +217
5/17/2006 -214
RIMM being hyped by Cramer. Anyone want to jump in front of this train?
BGO is one of my Basserdan stocks, that I bought two years ago. At $5.25, I've got about an 80% profit, so thank you very much!
I think I'll just take the shares from KGC, because they look like one of the better medium-sized producers. Besides, the selloff in KGC today is at least 5% overdone.
I'm a little surprised that KGC isn't going after CLG. They bought about 13%(?) two years ago, but I don't think they have added since then...
Thanks for the headsup on CELG. I scalped .20 from it after hours. Enough for a few lift tickets...
I doubt it adds much per share because there will be 20 million new shares
These "huge short squeezes" haven't happened for years. I don't know how they do it, but somehow they manage to avoid pushing the price up more than they have to.
The letter from the SEC had something to do with that, too...
CELG is lying through their teeth. I have studied S&P additions very closely for eight years now, and this is the first time I've seen a company issue a big chunk of stock between S&P's announcement of their addition and the actual addition.
All they are doing is taking advantage of the addition to the S&P 500 to mask the normal effects of such an announcement and bring in a whole lot of cash.
Fact is, the index funds, or their proxies, have already bought a lot of shares, and they're going to royally pissed that CELG is pulling the rug from under them.
CVS/CMX - Anyone have a feel for this "merger of equals" stuff? Seems like the companies want to merge, but w/o CVS really paying anything (not that it has anything to pay with, anyway). If that's the case, wouldn't the $4 bump in CMX be a shorting opportunity?