Dominating the MARKET !!!!!!!!!
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I obviously have mixed feelings. Only IAN really has a sense if a higher premium is possible. I DO think the Temex addition in teh deal , was strictly advantageous due to the Price.
During the conference call.....it was interesting how they danced around which assets they planned on developing first. To me teh Eagle hill PEA is very very mediocre at best. I felt they held back that Whitney was indeed their target to get into production first.
I dont like the PR....
Asking thinning out now........Gonna be a wild trading day with MDW
Once these flippers are done, should see $.12+ today again easily !!!!
Again, the volume was buying around $.115-$.128 earlier today...............
Holding
Van
Let's see how the action goes tomorrow. I would much rather have news here tomorrow or Thursday.......but decent price action tomorrow with volume will be very telling.
We could get an updated Feasibility PR, stating the new numbers and explaining that the special committee is still exploring all options.
We are close anyway you cut it
I strongly disagree there. They put a 45-day time line from The mineral resource update to a new feasibility being released. That is BIG news in itself, and will define what is going to happen moving forward.
From my calendar, 37 days have transpired, and we should get Feasibility news and more within 8-days.
Today's action was extremely positive. Buying volume comes out of the blue, and pushes the stock up 30%.
You won't get much of a better signal before the news hits.
Van
Maybe so.......but the Doubling in volume along with the 40% pop is price is a good sign nonetheless.
I just expected a Cherry on top with some REAL buys coming in. Total $ volume traded today was still only around $600k
Power Hour Coming........
Look for Volume the last Hour !!!!!!
If we see any end of day buys in 1M to 500K lots.....we will have confirmation a Deal is in place.
Solid volume thus far.......I just think end of day trading is going to get WILD to the Upside !!!!
Van
Chance at breaking $.14 today with any more buying volume. No real volume below $.12 here for sale......Ask is THIN
With the buying coming in, it may get halted for news, or we are likely to see a PR after hours today, or early tomorrow.
People in the know always find out these deals early, and hence the volume and buying. Could be Hale or Cancordia for that matter.......
This is just the start if they got a deal with BOA
Van
Signal: This volume and Price pop are saying that a Deal got Done !!! This has the potential to run back above $.25 with any Press release confirming this extension.
Van
I believe Goldcorp is preparing Funds to buy PVG and develop Brucejack internally. Immediately following the receipt of federal permits would be the time to snatch it up, and the fact Pretivm is focusing on more exploration makes sense. It will be a friendly deal.
Goldcorp announced today they are selling $811 Million in Tahoe resources Stock.
http://www.reuters.com/article/2015/06/15/goldcorp-tahoeresources-sale-idUSL1N0Z128D20150615
They also raised their credit line to $3 Billion about 5 days ago, and extended the term to 2020
http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2015/Goldcorp-Announces-Increased-Credit-Facility/default.aspx
GG are going to buy someone while the sector is cheap, and PVG is the target in my mind. The Writing is on the wall. The federal permit approval in Q3 will be the trigger. It makes sense as Pretivm has also been dancing with smaller Capital Raises, but not committing to Major parts of the financing components that are necessary and Large in scale.
LONG and Adding !!!!!!!!!
Van
Great Post MDW !! Still here and holding. We should know more the new feasibility within the next 15-days at the very least. My guess is that will either keep the music playing, or end it all together.
I'm betting MDW survives
VAn
I read you man. I'm back to being on the fence. Waiting for an email or call back from IAN, to see his sense of a higher offer coming in if we don't get the votes.
Not sure how much is held by institutions, but it seems the attitude is to vote "NO".
If that the case, we will get a chance to see if they sweeten the pot. I'm holding a boat load, over $220k worth here, so a 20%-30% increase in Share Offer here would be very welcomed. So would some added liquidity in the Marketplace, which has been poor for Temex the pat 18-months.
LONG
Van
Still no real volume here since the 7M share trade took place about a week ago. Good to see the AGM General meeting took place, and they are continuing with day to day operations.
The clock is ticking, Zisch needs to get us a lifeline and another 6-month window to prove PAN still works, and will produce.
HOLDING and Adding
Van
Decent end of day action. Nice to see it holding. Any real buying volume and this hits $.12+ again very quickly. Pretty solid return from $.08.
Nice entry here for anybody who was lucky enough to stay out until this bottom was in.
I'm adding Daily
Van
I hope and pray we make a Killing on this !!!
Survival, step 1.
fine tuning operations, step 2.
Gold price movement to $1300+, step 3.
If those items occur, this trades at $.60+ in 6-months time.
Along with a minimum value of $25M on Spring Valley to Barrick or a Royalty Company. I think Royal Gold may snatch up the Spring Valley Carry, and be the bridge that allows MDW to survive. Free Carry with Barrick is a rare and golden opportunity.
Time will Tell. Let's hope Zisch is Tough, and figures this debacle out.
Van
Fingers Crossed they make a deal. 33,000 ounces on the pad should be compelling.
Van
U2bob - Sorry to hear you are against this merger deal. Obviously not the best premium, but better than nothing. I still think you are discounting the New Oban Dream team & BOD.
They can open Financial Doors and bring a huge depth of investors to the table. The Osisko guys are known as the brightest in the industry right now...they always make shareholders MONEY !!!!!!
I'm hoping to speak with Ian here soon. Fairly sure he knows his is the best route forward.....but if a higher premium is really possible, I may be open to holding out. For me, eagle hill PEA is not very compelling....so maybe they do value our Whiteny and Juby Assets in a high regard.
Even a 1 to 1 exchange would be a big improvement.
Van
Supposedly there is a MDW meeting today. Hopefully we hear news about an extension from the senior lender in the coming couple days.
No real volume action today, so the meeting is either not happening, or not bringing compelling news either way thus far. Maybe it begins after-hours.
Holding and Adding
Van
We will continue to get drilling results over the coming weeks, at a fairly steady pace. These have the potential to be GREAT drilling hits, and move the price higher fairly quickly. Once they discover a Cleopatra Vein number 2, it's off to the races.
Big hits coming in future weeks. Then Final permits.......
Van
This traded around $150k worth of stock today total. If there is a leak good or bad, you will see volume.
I think getting past last weekend was big, as bad news typically hits friday afterhours.
Im holding, but it is a risky proposition.
Van
Hale capital and the Equity holders have the most to lose. BOA the senior debt holder will be in okay shape if they foreclose.
I think MDW & HALE capital (seat on the board) will fight to keep the company going, and get a multi-month extension with BOA.
Again, it's a Technical Default due to production and other metric breaches. They are current on the note.
Time will Tell.....but honestly, no news this week is good news in my mind. It means the deal is being worked out in detail, and they didn't just throw in the towel.
Van
Dude, no news is good news. It means they are hashing out a deal. It may be a bad deal.....but still survival.
IF not deal, they would've closed the doors by now and stopped the discussions / negotiations.
No NEWS is a GOOD SIGN !!!!!!!!!!!!
Talks ongoing
LONG
Van
Filled, got another 18k on the bid now........
Grabbing a bunch more if it goes Sub $.08
I have 48K on the bid right now at $.0814
We should hear some good news here in coming weeks. Tough to flip in and out of this with good news on the horizon.
Van
Agreement with senior lender BOA is all we need. Still a couple levers MDW can pull in my mind.
Give BOA a percentage of their spring valley carry, in exchange for 6-month extention. What is the real risk to BOA ? They already loaned the money.
Just a thought.
Holding
Van
Pan is there only operating mine. But yes, they have other assests....primarily spring valley and gold rock
100% true for normal miners. But this is not trading at .10 because of the gold price or dollar strength.
Mdw needs to get an extension/deal with its senior lender to survive. It should pop to .30+ in short order if that occurs, or game over.
I think they strike a deal with a 6 month to 18 month window to improve the operations at Pan. Ive got 780,000 bets on this thesis.
Cheers
Van
At this value, the share price is only based on survival or failure. If they strike a deal with BOA, mdw will rally hard. No deal, no rally and collapse.
Gold price, dollar, and economy are fairly irrelevant here until the next stage in the game.
I think they strike a deal here soon......
Van
I'm still holding a boat load.....for better or worse !!! Hopefully better
Good post on HALE. He knows how to Merge/Sell Companies.
Volume never came in. Interesting after yesterday. I think it may pop tomorrow.
Still, any volume will ignite this NORTH
Van
That will not be a problem. The real buying hasn't begun yet........