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The producers of the show are currently booking dates. The new website for the series of shows is called " new to the street". The website will hopefully be up and running tomorrow sometime. I don't have a clue what will be on it, but I'm sure as soon as dates are booked with the networks, the data will be available on their website. SFMI will be the first company that is featured.
Stewart Thomson latest...
10. Gold Juniors Party At $1570 bullion chart!
11. The gold juniors vertical party IS underway. It starts with the stock pickers believing they are masters and geniuses. WRONG. The fact is that their stocks just slipped under the liquidity flows radar screens of the hedge fund shorty pants crew.
12. The few juniors that are soaring are not doing so because they are superior, but because they escaped the bankster-financed hedge fund monsters by ACCIDENT.
13. I'm ramping up the subscribers choice updates on juniors. This is how the juniors vertical blast party begins; first a few "selected" stocks blast higher, then "quite a few" start doing well.
14. Then it becomes a FRENZY, like with silver coins in the last bull mkt, where the bullion dealer doesn't care about the GRADING anymore, and rips open the package of your choice frosty gem BU silver coin. He then pays you the WEIGHT of the silver like they are 100% silver coins. All the coins go into a counter that scratches them, but you make big profits.
15. It will be the same with juniors. Stock pickers could become near-USELESS as the WHOLE JUNIORS SECTOR gets picked up by a gold bullion price TORNADO and takes almost all the juniors rockets SKYWARD, while the banksters clambake the hedge funds.
16. Don't sell your juniors to the banksters now, unless you get enjoyment from making the worst investment decision of your life. This could become the greatest short covering rally in the history of the world.
I subscribe to Stewart Thomson and if there's one guy that tells it the way it's him. I just heard about DGRI a few weeks ago and got a decent position. I mean really with a N1-4301 in place for close to 2.8 mil oz gold and another 7 mil. inferred, sooner or later gold in the ground will be reflected in sp value regardless of the current challenges.
The perfect storm for junior gold shaes is fast approaching. Here's an article from 321gold...
Gold is the barometer of the financial atmosphere. When you see the gold price accelerating as it has recently, this tells you the financial world is not well. The fundamentals are so powerful I expect to see my short term $1570 target acquired within weeks or even days. $1570 is a stepping stone to much higher prices.
There is now a strong and consistent bid under gold, even after price shoots higher! Besides price, volume is the most important technical indicator for gold, and volume is increasing strongly!
SGOL (gold bullion proxy) 6 Mth Chart
SGOL 6 Month Chart Analysis
Texas University took delivery of $1 billion in gold bars. Institutional money is just beginning a huge flow of dollars into precious metals. This loss of confidence in the U.S. dollar will be copied by more institutions and could create a sort of golden snowball effect.
$1570 the target is projected by the head and shoulders pattern on the gold chart. I expect some corrective action after price hits $1570. Be very careful not to sell off core positions. My strategy for months has been to enlarge your core holdings using my trading buy signals. The recommended minimum core holding is now raised to 65%, which is probably the highest number of all market timers.
GDXJ gold juniors Chart
GDXJ Chart Analysis:
Call yourself a believer. Gold is going much higher. The performance of gold stocks is probably about to stun the gold community with a powerful up move during what is seasonally the worst time of the year. The underlying reality is there is not enough gold. I think junior mining shares are a near “slam dunk”, for the rest of 2011!
On Monday price fell hard and then bounced right back. Expect this type of strength and volatility to increase in coming months. Notice where the bounce took place, right on the volume based support (VBS). This move is a volume-powered move, and foretells of new highs coming.
GDX Daily Chart
GDX Chart Analysis
Get ready for the greatest short covering rally in decades. It will light your hair on fire, or at least the hair of those who are short gold stocks. John Embry talks about the invisible hand. I think sellers simply overwhelm buyers, and these lower prices are nothing more than a gift to you from them!
I stand on the facts; gold stocks are absolutely the greatest bargain on the street. I am accumulating the mining shares, and I issued a new buy was issued on GDX on Monday. Price plunged and closed dramatically higher on the day, a very bullish move.
As the sideways grind has continued for over the last six months I have continued to trade these shares with my signals. Volatility has been your friend, not your enemy. That friendship is set to increase!
I am confident that my GDX target of $72 will be hit. The target is based upon my SFS Gold Stock Ratio. From there I am looking for $80.
Her's a bit from Stewart Thomson. Also for those that remember the gold rush of 1980 and subsequent parabolic rise in the shares, it wasn't until a few months after gold/silver peaked that the shares took off. Most now are in denial that the price of the precious metals can maintain these prices let alone continue higher.
17. Note the huge volume yesterday. That is a combo of fresh price chasers entering the slaughterhouse on bankster command, and a tidal wave of shorty pants top callers engaging in a loss booking frenzy.
18. Could price rocket straight to 50, 60, 70, or 80 from here? Absolutely. A blowout in Saudi Arabia could be one of many triggers, but:
19. One of this week's main themes is understanding the difference between a soaring market making profits on positions bought into the trench, and the growing dangers to price chasers who are attempting to recreate the profits the trench buyers are making by doing the opposite of what the trench buyers did, which is PHYSICALLY IMPOSSIBLE.
20. Gold & silver stocks are how new entrants into the metals markets can re-create what a few of us are making on silver now.
21. That's not a pleasant thought for many..... The game right now is to ultra-analyse WHY gold stocks are not performing instead of just buying them on the grid.
22. I predict that by the end of the year your biggest gold stocks problem will be regretting that TODAY was not seen for what it IS; gold stocks ultimate opportunity day.
23. I am personally ramping up my xxx exposure. Many of you have attained new levels of courage. Your mindset has become, "so what if xxx or xxxx take a hit, the risk is now in being OUT if there's a superblast to the UPSIDE, and if there is a hit my biggest concern is going to be about buying more, not looking at the dollar value of existing positions and crying". You are 100% correct.
24. Remember the other theme this week: "Gyration", which replaces the word "correction". Tops and bottoms become gyrations. Forecasting the next movement of the whipsaw becomes ridiculous. Price response was always important. Now, NOTHING ELSE works, at all.
Take from this what you want, but the risk of being out is much bigger than any downside risk in SFMI.
cheers
Kachingo! Miller Time
IF some one can name the mine or vein I'll buy you a beer at the next SHM.
This is a post from another board...
"It's an interesting statement on human nature that when a stock is very undervalued, most people's reaction to that fact is based on one thing: whether or not they own it.
If one does all the work, and figures out that some company is extremely undervalued, and they don't own it, they lick their chops and take advantage of the buying opportunity.
Once they own it, if it continues to be undervalued, eventually they stop seeing it as a buying opportunity, and begin to see it as a complaining opportunity. For some, it only takes a few weeks to go from chop-licking to whining. Others are more patient.
The reason a stock is undervalued is that the market is irrational. Unfortunately, it can stay irrational for a long long time. Just because I noticed that it was being irrational and bought doesn't mean it's going to become rational immediately and reward me for my insight. I have to be ready to wait. Usually a lot longer than I'd like to." end quote
I FULLY believe that over this next few weeks we will have the answers we've ALL been waiting for. In the end PATIENCE always pays the most!
There's a ton of great producers getting beat up lately. Over half the ones I track including seniors are in the red today.
One down as much as 5%. Go figure! Option expiry manipulation who the hell knows, but certainly frustrating.
News will change things here very quickly. As the BOD is meeting this weekend, I'm expecting an update next week.
glta
How about keeping it VERY simple here. They have a N1-4301 showing lots of gold and are drilling to increase that. If you got the gold that will TRUMP everything in this world and will reflect in an appreciating share price once the games are done. nuf said!
Get ready for gold share blast off. The latest from Stewart Thomson.....
Gold Shrink sent me several emails yesterday voicing his SEVERE CONCERN that gold stocks may be about to LAUNCH HIGHER NOW, ironically, just as the gold community engages in a mass towel throwing contest.
7. Most gold stocks are below the levels of 2006, and GOLDLION said to me last nite, "the level of apathy in gold stocks is worse today than in 2002".
8. All the ingredients are in place for an astroblast higher. I am personally moving funds to INCREASE my trading gold stock ETFs to what can only be described as "beyond the beyond of HYPER LONG SIDE ONLY TRADING".
9. This, while my competition works maniacally to chain themselves to the USD photocopier machine. What a horror. The banksters are very close to launching a BLITZKRIEG on the dollar, and most gold stock investors are on the verge of BUYING THE DOLLAR just as that happens.
10. Don't drink the SWILL sold to you by the top callers. Most of them are LIFETIME MARKET LOSERS who don't have a single CLUE what is going on in the CRISIS, let alone in the gold market.
11. "Gold is going ballistic. We are on the threshold of the phenomena of 1979. Gold is getting ready to go ballistic. $1650 will fall like it did not even exist." -Jim Sinclair, April 14, 2011.
12.Those of us who lived the 1979 show and REALLY sold out at the top and STAYED OUT can FEEL the gold market. It's like a PERSON and it is COMMUNICATING NOW. The gold market is not speaking. It is SCREAMING.
13.The gold market is poised to go "ballistic beyond ballistic". RIGHT THIS SECOND. The group of shorty pants players who think they have a margin problem NOW in the gold and silver markets are going to get a major lesson in what it feels like to be naked short the ultimate asset when it puts on its ultimate performance.
14.The first hint came when the banksters blew out 50,000 shorts and piled on longs in the biggest hour of trading in a month, the hour of the 1445 lows. Those lows are toast, and the top callers are going to the financial gas chamber, permanently.
15. Most of the technical analysis that works in one stage of a bull market is totally useless in another stage. Without naming names, you have all watched one seemingly expert technician after another start to make giant top calls and get it ALL WRONG.
16.This is only the BARE BEGINNINGS of the "death of the top callers" show. What works in the early stages of a bull market with technical analysis is ONE HUNDRED PERCENT USELESS in the 3rd stage of a gold bull market.
17.Throw all your worries about "under performance" of gold juniors into the garbage. The gold stocks are about to become 100% untradeable by anything but the pgen.
18.The whole TONE of the gold market changed since Monday. I couldn't put my finger on it first, but it's obvious Jim Sinclair is FEELING the same thing I FEEL.
19.A huge number of emails came in from HONEST investors and THEY ADMIT THEY ARE 100% DEMORALIZED. THAT IS GOOD! IT IS A MASSIVE INDICATION THAT BOTH BIG JIM SINCLAIR AND I ARE 100% CORRECT THAT THE TIME IS NOW... FOR ASTROBLAST TIME!!!!!!!!!!!!!!!!!!
20.It's over for Fudd. Financially, it's the beginning of the end for him. His one-way ride to the breadline is about to commence. As gold goes ballistic, the banksters, who own trillions in physical gold, will pretend they are concerned about gold's rise. Their only concern about gold's rise, ever, has been that YOU might end up owning more than they do. The good news, for you, is you don't!
21.The banksters will start to hike rates, and institutional money managers will short gold, believing that is the end for gold. The banksters will urge them on, loaning them money because "now the top really has to be near".
22.WRONG. That will mark the START of the GOLD PARABOLA. The money managers will short more, as will a turnip truck load of top callers from the gold and fund communities.
23.If you look back at the goldman sachs call, you will realize it was a BULL CALL, not a bear call. The game was to distract the institutional money managers from gold so only the banksters (and the gold community like fish riding a shark) make all the money as gold goes totally ballistic. Then they dump it on the taxpayers via maniacal central bank buy programs thru the LBMA, which is where the banksters will unload their physical onto the taxpayers.
24. Huge panic will occur as the banksters implode the bond. They will then attack the dollar, ostensibly to "save the bond" because "high rates now would be Armageddon". Unknown to Fudd and the institutional money managers, high rates are coming anyways. The banksters are like a terrorist that promises to let you live, then when they get the ransom money they kill you anyways. That's the EXACT plan they have for Fudd; they'll tell the idiot that they have to wreck the world's paper currencies to save Fudd from high rates. Once Fudd agrees, they'll jack rates to the sky anyways and Fudd does a swandive... face first onto the breadline cement.
Get ready for gold share blast off. The latest from Stewart Thomson...
Gold Shrink sent me several emails yesterday voicing his SEVERE CONCERN that gold stocks may be about to LAUNCH HIGHER NOW, ironically, just as the gold community engages in a mass towel throwing contest.
7. Most gold stocks are below the levels of 2006, and GOLDLION said to me last nite, "the level of apathy in gold stocks is worse today than in 2002".
8. All the ingredients are in place for an astroblast higher. I am personally moving funds to INCREASE my trading gold stock ETFs to what can only be described as "beyond the beyond of HYPER LONG SIDE ONLY TRADING".
9. This, while my competition works maniacally to chain themselves to the USD photocopier machine. What a horror. The banksters are very close to launching a BLITZKRIEG on the dollar, and most gold stock investors are on the verge of BUYING THE DOLLAR just as that happens.
10. Don't drink the SWILL sold to you by the top callers. Most of them are LIFETIME MARKET LOSERS who don't have a single CLUE what is going on in the CRISIS, let alone in the gold market.
11. "Gold is going ballistic. We are on the threshold of the phenomena of 1979. Gold is getting ready to go ballistic. $1650 will fall like it did not even exist." -Jim Sinclair, April 14, 2011.
12.Those of us who lived the 1979 show and REALLY sold out at the top and STAYED OUT can FEEL the gold market. It's like a PERSON and it is COMMUNICATING NOW. The gold market is not speaking. It is SCREAMING.
13.The gold market is poised to go "ballistic beyond ballistic". RIGHT THIS SECOND. The group of shorty pants players who think they have a margin problem NOW in the gold and silver markets are going to get a major lesson in what it feels like to be naked short the ultimate asset when it puts on its ultimate performance.
14.The first hint came when the banksters blew out 50,000 shorts and piled on longs in the biggest hour of trading in a month, the hour of the 1445 lows. Those lows are toast, and the top callers are going to the financial gas chamber, permanently.
15. Most of the technical analysis that works in one stage of a bull market is totally useless in another stage. Without naming names, you have all watched one seemingly expert technician after another start to make giant top calls and get it ALL WRONG.
16.This is only the BARE BEGINNINGS of the "death of the top callers" show. What works in the early stages of a bull market with technical analysis is ONE HUNDRED PERCENT USELESS in the 3rd stage of a gold bull market.
17.Throw all your worries about "under performance" of gold juniors into the garbage. The gold stocks are about to become 100% untradeable by anything but the pgen.
18.The whole TONE of the gold market changed since Monday. I couldn't put my finger on it first, but it's obvious Jim Sinclair is FEELING the same thing I FEEL.
19.A huge number of emails came in from HONEST investors and THEY ADMIT THEY ARE 100% DEMORALIZED. THAT IS GOOD! IT IS A MASSIVE INDICATION THAT BOTH BIG JIM SINCLAIR AND I ARE 100% CORRECT THAT THE TIME IS NOW... FOR ASTROBLAST TIME!!!!!!!!!!!!!!!!!!
20.It's over for Fudd. Financially, it's the beginning of the end for him. His one-way ride to the breadline is about to commence. As gold goes ballistic, the banksters, who own trillions in physical gold, will pretend they are concerned about gold's rise. Their only concern about gold's rise, ever, has been that YOU might end up owning more than they do. The good news, for you, is you don't!
21.The banksters will start to hike rates, and institutional money managers will short gold, believing that is the end for gold. The banksters will urge them on, loaning them money because "now the top really has to be near".
22.WRONG. That will mark the START of the GOLD PARABOLA. The money managers will short more, as will a turnip truck load of top callers from the gold and fund communities.
23.If you look back at the goldman sachs call, you will realize it was a BULL CALL, not a bear call. The game was to distract the institutional money managers from gold so only the banksters (and the gold community like fish riding a shark) make all the money as gold goes totally ballistic. Then they dump it on the taxpayers via maniacal central bank buy programs thru the LBMA, which is where the banksters will unload their physical onto the taxpayers.
24. Huge panic will occur as the banksters implode the bond. They will then attack the dollar, ostensibly to "save the bond" because "high rates now would be Armageddon". Unknown to Fudd and the institutional money managers, high rates are coming anyways. The banksters are like a terrorist that promises to let you live, then when they get the ransom money they kill you anyways. That's the EXACT plan they have for Fudd; they'll tell the idiot that they have to wreck the world's paper currencies to save Fudd from high rates. Once Fudd agrees, they'll jack rates to the sky anyways and Fudd does a swandive... face first onto the breadline cement.
From tfmetalsreport...
This is from Dr. Jim Willie at the Golden Jackass.
3:14 AM (5 hours ago)
silver is ready to pursue 50
it should come before June 15th easily
my smartest, most connected, most experienced, most successful, most diverse source
sent me an email unsolicited yesterday
in it he said he expects silver to move past $200 in the next two to three years
by the way, he has not been wrong about any really big paradigm shift issue in his career
you can publish this on your weblog if you wish
I read your dailys all the time
someday I hope to move up to Jackass Turd
/ jim
They bought the land, the paper has it wrong. There was an article awhile back that also needed correction. relax
I wouldn't know if some thing is up or not. All I know is that I got a starter position end of last week [200k] and am trying to add more today, but it's getting tighter. It looks like I'm getting filled now at .0142 [200k]. I think there's a few more eyes on here also from the few contacts I have. Good to see a board that's not ravaged by detractors as in a few of my other plays.
cheers
Canada, Europe, England and good ole USA. The feeds that this will be run thru have an estimated viwing audience of 90+ million viewers.
This guy is just an employee so why the hell would they need to name him. Like it would make a difference if they did. Never seen a company do that EVER. You can do better than that.
BTW beef to be served up soon!!
I'm a newbie here [today], but looong time precious metal investor. I hold a bunch of juniors and always looking for more.
Did the 10 min DD and the glaring obvious is why the disconnect between a 2.8 mil oz deposit and a .013 share price. All comments appreciated or feel free to pm me. thanks
Update from www.jsmineset.com on todays gold move and looking at the next targets.
In January 2003, Mr. Sinclair launched, "Jim Sinclairs MineSet," which now hosts his gold commentary and is intended as a free service to the gold community.
"Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. "Stand and Deliver or Go Home" should be the rallying cry of the gold longs to the paper gold shorts." --Trader Dan Norcini
Dear Friends,
I am writing to you from the Irving Farm Coffee and Internet cafe in Millerton NY. Our internet carrier went down today and is showing no promise of revival in the near future. I have a great coffee and a raisin bran muffin by my side so overall I have no grounds to complain.
Gold linked to the dollar today certainly has taken down $1444 for the count on three taps. That lights up Angel $1521 as the next to be captured.
Expect the Round Number Effect at $1500 for gold, but less severe than the battle at $1400. Angel $1650 is quickly coming into focus.
If we have learned one thing, it is not to get short term focused on this market. Stay focused on what is important and not the noise.
Think for a moment if Armstrong and Alf are right on gold. That would mean the following prices are coming:
$1650
$3000
$5000
$12,500
Those prices are possible because the balance sheets of the entire western world financial entities are based on false assumptions yielding valuation that pass auditing (FASB) but will never come to fruition. It is the mark to maturity method that not only used the BIS but other institutions that give comfort to the masses that are not looking at self protection here and now.
The financial system of the entire western world is FUBAR and there is no intention anywhere of fixing the problems at the level of its cause, OTC derivatives. The EU outlawed naked credit default swaps which is a clear comment on their ability to work if put under pressure. This is regardless of whether they were margin or naked in my opinion.
To say this is it is to be very late to the game.
Realize that the system has already failed.
Realize that there is no champion in a power position with the will to fix it.
Realize that even if there was a true fixer there are absolutely no tools to apply that would not in a short time cause more severe pressure than before applied.
Realize then that there is no PRACTICAL means to get the western world financial economy back on its feet
Realize that since the entire western world financial entities are based in sand there can be no sustainable economic recovery anywhere in that group.
Realize that a third war of any degree is madness.
Realize that our actions in the Middle East will cause increased hatred of the West.
Realize that the problems in the Middle East are not pro West or pro democracy.
Realize that gold is going to some degree make my long term price objective, given you ten years ago, look so low it will be silly.
Hold on to your insurance because you need it now. Pity the anti gold hedge funds short gold and gold shares based on, in my opinion, egomania, for they are very short lived now.
It is not a question of if we will prevail. We have already prevailed. Now our holdings are on the march to discount the hyper-inflation that is already written for history books to come.
Respect the fact that the same forces driving gold have historically driven equity market in past similar historical situations.
Respectfully yours,
Jim
‘China’s Central Bank Recommends Gold For “Value Preservation”
Mar. 26 2011 – 11:48 am
By ROBERT LENZNER
Believe it or not Ripley! The People’s Bank of China(PBOC) recommended yesterday that 1 billion Chinese consider buying gold as a hedge against inflation and to preserve values in a world where currencies can fall. The PBOC Financial Markets Review came out just as several major currencies were indeed declining in value against gold; the dollar,1%, the Swiss franc,2.5%, t he British pound, 2%, and the Japanese yen, 2%.
Wow! Be like the Fed telling you to buy oil stocks or crude oil futures due to expectation higher gasoline prices this summer.
So, add the PBOC to other secular influences on the price of gold; namely the conflict in Libya, the European sovereign debt crunch, the developing nuclear disaster in Japan and the extraordinary political unrest in Syria, Yemen, soon traveling to other Middle Eastern capitols. All unexpected by financial market analysts.
And whoever could conceive in their wildest fantasies that 12 states of the union- including New Hampshire, Vermont, Colorado, Indiana, South Carolina and Washington would propose to allow their citizens to use gold and silver coins as legal tender. Gold and silver coins to pay your rent, grocery bills and taxes.
More…
Clear and sunny in Boise today. All that shiny stuff in the tailing's should be glittering for the film crew that's filming at the mill/mtn. today and tomorrow.
We will be getting a pr when the film will air. It will be interesting for those who have never been on site before, not too mention for those 100m plus tv's that will view it. Hmmmm....
A decent rebound of the lows for the precious metals this morning, which is encouraging seeings it's option expiry today.
Looks like the bullion banks puking power isn't what it used to be.
You really think I would put investor names on a bs board RBK, gimme a flippin' break!
If you had done some thorough DD you could have found out that this prominent lender sent their own team to the site and did their own sampling and that's EXACTLY why they felt comfortable in receiving shares for $$$$$.
As I said, they have up to 7.2 mil which again if you had done proper DD is spread over 3 years, which may not all be needed as the revenues from the currently operational proccessing mill will assist the mtn expansion.
Here's my thoughts on where we're at.....
Firstly SFMI has had the backing from day one of some individuals who understand this development story much better than any of us retail guys and have provided funds too see this project develop. If for any reason they did not expect this to succeed they would have pulled out long ago.
We have a mill that's running two shifts 24/7 and improving efficiency and daily tonnage thru new components. All product since mid June is being stored for latter processing when the smelter is completed.
We now have a company offering us 7.2 mil to get the second stage up and running and that's the drilling and delineating a resource, followed by extraction thru the Sinker Tunnel. This process started a year ago, but can now move much faster thru this funding. This funding is UNSECURED, which is very rare for a junior to achieve. Shares only, gives me the security that the smart money knows what we all believe and that the veins on War Eagle Mtn are rich as they come. The reason they know is because during their very thorough DD they sent their own team to the site including geo's and did their own testing!
Now we have a senior geologist on board who left a high paying successful career with Scorpio mining to work for SFMI, with compensation being shares only. Tell me this guy isn't a believer in better things to come. I might add he spent a few months doing DD before accepting this job and you can darn well bet that part of this DD was sampling both the tailing's and the mtn, so that he fully understood and guaranteed himself a lucrative career with SFMI.
A few more thoughts...
Management was well aware that this last 10K would not show anything encouraging, being old news and all.
Well timing nr's makes total sense at times. So I'm thinking they expect some of the weak hands MIGHT bail in the next day or two and sell into stronger hands. This should be followed up with some releases on assays, mill updates and perhaps even a sinker update including the drill plan.
Also that TV special for Fox business news on up and coming US companies, will be shot this week at the mill and Mtn. You can darn well bet to get the biggest bang out of it they will be providing us with some current numbers so that it can be included in the show. Hmmm.... just a thought of course.
Some just don't get it. It's called stock piling inventory. You really think that they are running two shifts 24/7 making sand for the Melba playground. Gimme a friggin break. We'll see some numbers soon enough and it will will be the same old story for the Fudds, wish I'd bought more at the bottom.
New buying coming in. Anybody else notice that NYSE member investment firm of Wilson Davis [WDCO] on the bid .
To add to oryx posts, they also have alot of restrictions on the shares they receive. This deal was put together to protect SFMI and it's shareholders.
"Usually when a mining company sells a group a large offering the stock heads lower for a while and then it recovers."
That's just what happened yesterday with SFMI's price. Financing is a fact of life in the junior world. Mining is a capitol intensive industry and we are fortunate that the terms of this arrangement are such that it will allow this company to fast track growth.
An example of what access to money can do for a companies share price is the recent PP for Aurcana to move them forward in developing their shafter silver mine in Texas.
The stock was trading in the .40's, the pp announced for 195 mil. shares at .31 plus half a warrant. This tripled their outstanding shares. A few were pizzed, panicked and sold.
The stock dropped to .35 in the morning, then closed positive and has never looked back, hitting $1.10 this week.
The biggest hurdle for juniors is accessing dollars. Now that SFMI
has this line of credit in place big money will notice and I expect that the trend is about to change here with strong accumulation going forward.
I think that says it all. Double the buys/sells. I feel some jumped to immediate cnclusions and bailed, only to find the smart money there again to take your shares.
The terms of this deal are strongly in favour of SFMI and it's shareholders. For those that chose to do some inquiring about this deal, the terms once explained, are about as good as it gets for a junior.
This lender is here for the long haul and after doing THOROUGH DD, also feel that this will be a multi dollar stock in the future. Kudos to those that did the negotiations on our behalf!
I have never felt more comfortable in the story here. This is a growth story that will now will be able to quickly move forward and bring with it excelerated shareholder value. Let the drills begin!!
Excellent post IW. I'm sure some see dilution as a negative. In reality having no money to move forward is the biggest problem all juniors have. A recent example of what dilution can do to a share price would be Aurcana. In Nov. they did a pp for 193.5 mil shares which jumped their share count by 2.5x. The price for the pp was .31 and this week the sp hit $1.10. Hmmmm..
A few thoughts on today's news.
Most don't understand how big this news is. What they have is a line of credit of up to 7.2 mil. enabling them to fast track the drilling/mining program on War Eagle mtn.
Wether they chose/need to use all this money remains to be seen, as it will be determined/offset by the revenues from the mill.
This is a non toxic loan which means the company did not have to put up any collateral. That tells me the lender did sufficient DD and felt comfortable with this arrangement, which I'm sure SFMI had to fight hard for. The lender undoubtedly had full access to all the numbers available, which we as shareholders are still waiting for. I'm feeling that we will have news in this area sooner than later.
For both this lender and the new pres RS to take shares for payment speaks volumes as to their confidence and knowledge of the potenial that exist for this company.
On another note what a huge turn around in the pm prices today. Silver up $1.90 off it's lows. WOW!
Huge news out. They now have the ability to fast track the mine development.
SILVER FALCON MINING CL A (U-SFMI) - News Release
Silver Falcon Mining, Inc. (SFMI) Secures $7.2 Million Funding Commitment From Centurion Private Equity, LLC, an Affiliate of Institutional Investor Roswell Capital Partners
2011-03-11 09:15 ET - News Release
BRADENTON, FL -- (MARKET WIRE) -- 03/11/11
Silver Falcon Mining, Inc (OTCBB: SFMI) today announces the signing of a $7,200,000US "Equity Line of Credit" funding facility with Centurion Private Equity, LLC ("Centurion"), an affiliate of Roswell Capital Partners.
Centurion has committed to purchase for cash consideration, subject to certain conditions and limitations, up to an aggregate of $7,200,000US of Silver Falcon's common stock, SFMI. Under the "Equity Line of Credit," Silver Falcon Mining, Inc. may, at its discretion, periodically sell to Centurion shares of Silver Falcon's common stock at a price equal to 97% of the market price of Silver Falcon's common stock based on its last 15-day average closing price.
Mr. Tom Ridenour, Silver Falcon's Chief Financial Officer, stated: "I am very pleased with this agreement. The funding facility from Centurion is exercisable at our discretion, which gives us flexibility. At no time does this agreement have an endless floor or is deemed a 'TOXIC' financial facility to SFMI. This credit facility will fund the confirmation phase of our business plan and other expansions going forward at the War Eagle Mountain mine sites."
Mr. Paul Gorski, Senior Investment Officer at Roswell, added: "We are very excited to be working with Silver Falcon and look forward to providing them with the necessary capital and support to achieve their full potential in the coming years."
Roswell Capital Partners, LLC is a fund management company focused on private equity investments in small-cap publicly traded securities. Since 1994, its members have served in the Private Equity Markets as the Principal or Investment Banker for over 125 public companies.
Silver Falcon Mining, Inc. (OTCBB: SFMI) is a developer and explorer of mineral resource properties, primarily in Owyhee County, Idaho, USA, with the objective of being a profitable, low-cost, precious metal producer and creating significant growth in shareholder value.
Further Information: contact Rich Kaiser, Investor Relations, 800-631-8127 and/or visit http://www.silverfalconmining.com.
Times are changing. About 2 years ago Idaho passed a law giving big tax incentives to mining companies which PQ told me SFMI was taking full adavantage of. Idaho was also looking at doing what Utah is moving forward with...
Utah House stamps gold, silver as legal tender
By Lee Davidson
The Salt Lake Tribune
First published Mar 04 2011 12:14PM
Updated Mar 5, 2011 12:04AM
It may not fold as conveniently as dollar bills, but the Utah House took a first step Friday to recognize gold and silver as legal tender.
It voted 47-26 to pass HB317 by Rep. Brad Galvez, R-West Haven, and sent it to the Senate. The measure would recognize as legal tender gold and silver coins issued by the federal government — not just their face value, but also their value in gold and silver or to a collector.
It also would order the state to study whether Utah should establish an alternative form of legal tender, such as one backed by silver and gold.
“This is a step in preparedness, a step in security,” Galvez said, “that allows us to be able to help hold up our economy as the dollar continues to shrink.”
Rep. Ken Ivory, R-West Jordan, said, for example, that a 1960s John F. Kennedy half-dollar coin — 90 percent silver — would have bought three gallons of gasoline with its face value in the mid-60s. But the value of the silver in it today would buy about five gallons of gas, while the face value of the coin would buy only a fraction of a gallon.
Ivory said the bill is “a way for us to preserve for the citizens of Utah … the purchasing power of the money they hold.”
The bill would not require anyone to accept gold and silver coins as legal tender. It also would exempt the sale of such U.S. coins from state sales taxes and from capital-gains taxes.
Rep. Steve Eliason, R-Sandy, a certified public accountant, opposed the bill, saying it could create tax loopholes. He said people seeking to escape capital-gains taxes on other assets — such as gold bullion — might be able to do so by selling it for coins under the bill.
http://www.sltrib.com/sltrib/home/51364301-76/silver-gold-legal-tender.html.csp
In addition to the underground exploration, SFMI intends to embark on a detailed surface mapping and sampling program in June once the snow cover disappears atop War Eagle Mountain. This will be followed by a surface drill program to evaluate the vein systems exposed on the surface
I've been waiting since late 2007 for them to get to this stage and that's a major drill program. This program will be BOTH above ground and also in the Sinker. The results from this drilling will be a game changer.
One good intercept and all eyes will be on us.
Your dreamin if you think they are running some Sinker material. They need to do a bit more work first including MHSA approval, It's OSO all the way. Your rumoured numbers are also way out in space. Perhaps 8 days at 100K/day would make a lot more sense. At 50 tpd, that's roughly about 1.5 ounces /ton, which would be in line with OSO expectations.
What the heck you talking about down 75%. We were at .04 this time last year so we are actually up +75%. Yes we are down from the highs, which never have should have been reached as it was way over heated due to rumours only. Once we get some numbers from mtn and mill we will be be on the road to new highs.
If you had done some DD you would have found that the helipad was a requirement from mine safety.
"Eagle Mt.(just arrival of) would be great news and might push the stock up 25% just on that news alone.It would show them getting prepared and to be considered serious"
If you check out the last pics posted I'd have to say they are getting VERY serious with most all the equipment on site. Yes the announcement of the drill program should move the sp with out a doubt. They probably will need a MHSA stamp of approval and fortunately we have a very qualified guy running the show which should assist in compliance.
That 321gold site article ia likely helping. New high for the year in a heating up uranium market so the techy's will be loving it.
Uhhhh TTTTommy 90% of all posts on all boards are just that OPINIONS. No different than the equipment opinions we're chatting about now. Just opinions.