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.
if you have more than originally bought, how can they be "free shares"...???
Tamtam if you have free shares, it means you have fewer than you originally owned. I own more shares today than ever in the past and having bought into the January 2010 placement at $.10, my cost is slightly under $.50 but with four times as many shares. "Free shares" are good when you have a high-risk pump like Explor; "more shares" are sensational when you are looking at a low-risk, world-class zinc discovery backed by a billion dollars worth of silver.
As my advisor keeps telling me, "you will never sell Tinka; you will "tender" them.".
If you make all of your own decisions, why post on an IHUB forum?
Re: McCoach
If I were a newsletter writer, and had an enormous winner in Tinka, I would advertise it aggressively to attract new subscribers, especially since the zinc sulphides will result in another five-bagger from here. I have always liked the valuation floor ($2.00) provided by $1 billion in oxide silver in Zone One that is 43-101 compliant. Chart looks superb as well and management communicates effectively.
Ask Destinator for his assessment.
Some one ask Destinator what his due diligence says now...
Toronto Venture 52 Week HighsMonday, Mar 18th, 2013
Stocks that have traded for a year that have matched or made a new 52-Week High during the current trading session.
Filter: Toronto Venture Main View Technical Performance Custom View
Sym Name Last Change Percent High Low Volume Time Links
FIS.VN Fission Energy Corp. 1.040 +0.010 +0.97% 1.050 0.990 564,122 10:27
TK.VN Tinka Resources Ltd 1.230 +0.050 +4.24% 1.230 1.170 200,244 10:27
VCA.VN Invicta Energy Corp 0.530 +0.130 +32.50% 0.540 0.510 10,510,224 10:28
Listen to all the noise about the junior mining sector. Tinka sitting 5% from a record high in a decimated market simply proves that there are too many conjobs and very few real deals. Tinka will see record highs next week.
Destinator can you please explain how the news release from this morning validates your contention that TPW is "The Biggest Gold Find in Canadian History"? Would working capital not be better deployed at TPW, given your stated conviction over the past three years? Are you now starting to understand the importance of consistency in managing investor expectations?
Please advise. Stock is trading down to the 52-week low earlier today and many in here are in need of your valued guidance.
Metals Creek just reported some very nice intercepts at their Timmins property allegedly "next door" to TPW:
Best hole was 6.65m of 23 g/t Au. They are jv'd with Goldcorp; they are in the Timmins Camp; the Steers boys are a seasoned mining family; and they are wide open to increases in ounces.
Stock (MEK.V) is capped at $4.44 million.
I offer this as a reference point to Explor, a similar company with similar salient features whose market cap is $16.48mm.
Is Explor worth more than Metals Creek? The market definitely thinks so. Is the MASSIVE PORPHYRY called the BRISTOL porphyry going to yield drill intercepts like Metals Creek? Perhaps.
Just thought it would give everyone an interesting reference point.
News pending prior to PDAC on Zone One and Ayawilca - we hear that Zone One has some huge results coming and now that the metals have bottomed, my bet is "New Highs" by PDAC.
$1.85 for Zone One; $3 for Aya; and who knows? for Chaucha.
Shareholders that have an average cost under $.20 will probably do quite well. Shareholders looking for this to be a $5 stock are betting on a $1 billion takeout, assuming of course no further dilution.
Any entity can buy up to 9.9% of a listed company without having to report; they can buy up 19.9% w/o having to make a formal offer to all shareholders but must report all transactions > 9.9%.
Every major in the Timmins camp IS AWARE of Explor - you can COUNT on that. Obviously, they do not agree with the superb "due diligence" carried out by one of your moderators and are taking a "wait and see" stance.
Drilling is coming along REALLY well at BOTH Zone One and Ayawilca. I fully expect more big joy when assays are reported but also, I am eagerly awaiting the geophysics from the Chaucha Zone to add a third dimension to the Colquipulcro story. If the numbers are all as I expect, there will be a helluva story to tell at PDAC this year. It is all good.
On another front, the RSI numbers for gold and silver are now at levels that would suggest a bottom is in the process as every time we are under 30, we get a pretty good rally. So if the .95-1.00 level is the best they could do in trying to take it down, I shudder to think what a decent market would give us on the upside. I see $1.65-1.75 by May but that is JMO.
I have grown to learn that any "opinion" is just that - an "opinion". If I am bearish on gold, the difference between it being "probable", "highly-probable", or "very highly-probable" that gold will decline is directly correlated to the size of the "bet" upon which my "opinion" is based.
I see new lows coming shortly at which I might speculate by owning a few shares but that is simply an "opinion". I might be wrong.
The appointment of Allen Morton to the Tinka Advisory Committee was implemented in order to advance shareholder returns - period. We have a SUPERB company with SUPERB management and two superb assets. It is all quite good.
I am officially "done" with Stockhouse - gather up all your buddies and throw up a post on SH telling everyone that the new "forum" for Tinka discussions will now be on IHUB.
Market is on fire with 52-week highs creeping in on a number of issues and EXSFF is down 7.7% ???? What gives, Desti?
Yee hah!
Check this out!
http://www.barchart.com/stocks/tsxvhigh.php
Wonder how Destinator feels about his "due diligence" now? He was the guy who said he had looked at TK at the PDAC and determined that EXSFF was "way better".
Right.
You mean the question concerning "manipulation"? The Comex has been manipulated since the 1970's so nothing is new. I simply relayed concerns made by the tinfoil hat gang about a crushing raid on the PM's. Do I believe Explor was manipulated? No - it was crushed by large funds unhappy with the dilution in 2012. Some people saw it coming while others did not.
Your due diligence is (according to you) "flawless" so why do you need an answer from me?
When the "algo's" get a hold of you, it is usually because you have been added to someone's ETF basket or you are part of an exchange sub-index OR an institutional trading desk has a large order to liquidate which is EXACTLY the Scene and Act from the Explor "play" from 2011-2012.
Kaminak elected to stuff institutional shareholders into their capital ownership structure (ask Canaccord, Paradigm, Fraser Mac, and other members of the Underwriting group) whereas Tinka dod not fall for the Bay Street "model" and therefore has a strong NON-INSTITUTIONAL high-net-worth shareholder base. It is 95% of the reason why the share price is ONE CENT from an all-time high.
Chances are that TK will NEVER hit an ETF basket because there isn't enough institutional distribution to allow them to borrow against the shorts. Next question?
So didn't your superb "DD" forecast the massive dilution that was inevitable whether or not ANON was a seller?
Clive Maund's Latest Headline
So - what is so different about what Jeff Clark is saying? Same old drivel about "The Coming Boom in Gold Mining Shares!. Sign up NOW before you miss the move!"
The desperation continues...
Please define the difference between "wild gambling" and "informed speculation". Let me take you back on task. The fears of a massive attack on the precious metals are real; the certainty of such is not real - it is a fear.
If everyone in this forum is "gambling" on a 43-101 or a big intercept at Kidd to bail them out, it is prudent to consider outcomes given any and all scenarios. In 1981, markets were gripped in a vicious bear market yet the Hemlo discovery was incredible protection and delivered enormous returns.
Discoveries of similar magnitude may provide the same protection and that applies to Explor, Tinka, Darwin, Lakeshore, and any other junior out there. The challenge lies in owning the company that HAS the discovery which is providing the lift. Investors currently are rewarding base metals and are punishing gold. They see rewarding minimized dilution and punishing unbridled dilution. They are rewarding execution and punishing delayed timelines.
It is important for me, as an investor, to prepare for a massive raid in the precious metals while remaining well-positioned in the likelihood that these FEARS (not CERTAINTIES) are unfounded. If others are convinced that gold stocks will rocket as gold bullion explodes to $5,000 per ounce, then as investors, you have made that choice. And if the fear turns out to be unwarranted, then the only person I hold accountable is me.
"Wild gambling"? Please define the difference between
"Buy Gold" is an easy call based upon CB money printing. TIMING IT is not an easy call. Look at the action in LSG. EXSFF, ABX etc etc etc. If the physical metals take a hit, these juniors are going to evaporate along with your money in juniors because the funding required to execute will evaporate.
Base/Industrial metals are a more conservative allocation - still benefit from inflation and from the rebound in globally-inflated economic "growth". Copper, zinc, lead, silver all preferable to gold.
EXSFF woud be a beauty if Kidd can deliver, even though it is a very long shot. At $.10-.12 though, EXSFF is a decent speculative shot.
I have recently met with a very high-level group that are fully-prepared for a raid of "substantial impact" in the p.m. sector. The Washington/London/ECB bankers are convinced that money velocity is being impaired by p.m. "hoarding" and they are going to crush the gold/silver markets in order to trigger a rush of cash back into the banking system. So Sinclair's followers are being prepared for this onslaught with comments like "hang in there" and "Don't let them scare you out of your "stack" but what if the raid is successful? Everyone will be buried for years just like the "greater fools" of Jan/80 that held $850 gold for 29 years until break-even.
Meetings at the recent Cambridge Conference in Vancouver with seriously-long gold bugs revealed enormous concern over a global central-bank-engineered effort to drive retail investors out of precious metals and into stocks. If that were to happen (and thus far in January it appears to be working with the S&P near record highs), the gold bug newsletter community will be toast and the resource stocks (especially the juniors) will be in a decade-long flatline.
So the term "desperation" is not a word used lightly. I have been a resource player since the Hemlo discovery in 1981 and am its greatest supporter and cheerleader. Sinclair, Sprott, GATA and many in this forum are indeed "desperate" for a turn of fortune because if these hedge funds and central banks suddenly turn net sellers, the carnage in the metals arena will make 2008 look like a hiccup.
Gold bugs do not control the legislative process and as such cannot expect the "rules" to apply and that is why every newsletter writer like Kaiser and Roulston are warning of impending delistings in the TSXV. The global banking system is a wounded animal and as such extremely dangerous. Even if the retaliatory move against the metals forces an 18-month correction from current levels, many juniors and intermediates will go under.
That, my friends, would be a "desperate" scenario.
Those Sinclair articles sound like desperation. A better article is Marc Faber's interview with Bloomberg...
http://www.zerohedge.com/news/2013-01-25/marc-faber-fears-1987-redux-markets-will-punish-interventionists
Markets are rallying hard all except golds...scary what will happen to non-performing juniors if the correction comes...
This stock has advanced on solid drill results, not "pumping" other than a couple of commentaries recently. With $1 billion in 43-101 compliant silver, the current $70m market cap assumes no value for the Ayawilca massive sulphide discovery, made in a part of the world renown for elephantine zinc mines.
here here! Destinator what say you?
All you need to do is look at "ounces" versus "shares outstanding" and you will "get" the math. That said, if the ounces are there QUICKLY, dilution will not matter.
THEREIN lies the challenge.
AND MEK is run by Sandy Stares, whose family have delivered HUGE returns for shareholders.
IN_XS are you now the moderator?
Well regarding the originator of the content, here is what Richard Russell said in his letter tonight:
GLTA EXSFF shareholders
Off Topic but...
http://www.zerohedge.com/news/2013-01-17/slv-etf-adds-record-572-tons-silver-one-day-more-all-2012
Incredibly bullish for the precious metals.