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Without doubt buy is by someone (or some people) that believe there is a bounce coming, whether there is belief in anything marketable is a different issue/possibility. For some it could perhaps be just a $3k gamble, calling a bluff or whatever.
I've been sidelined as long as W, out at a gain just after the AMF, and was for a while here to see if they would bring forth anything with selling value, but that all gradually change to seeing how the soap opera ends, sort of like who shot JR if you recall that, and of course there is always the change there might be some revival in the up/down swings before the final episode. That is not saying I think there is any chance for a product, just a chance for some profit.
Stranger things can happen when sellers lower their ask.
Some parties have been liquidating.
Robert's availability, willingness to travel as needed, or perhaps his clearance to be allowed into the testing area given other activities in the building on the date(s) . . . as we all know he probably insists on being present with the unit never out of sight (wonder how it is done when he hears nature calling?).
Steven, I agree that does appear to be what is being indicated. The update that is now a full quarter year late was to have included only drilling to the end of June. The next update after the delayed was said to be expected in June 2013 and to be inclusive of drill work to the end of 2012.
The sentence you quote appears to indicate we are now waiting on one update that will include all work that was to be in the two updates.
So why must shareholders guess at and infer/assume something so significant based on a hint in a sentence in the MD&A ?
IMO if that change in timelines was made, if the inference about now expecting one resource update in place of the previously announced plan for two at half-year intervals is correct, it is totally unacceptable that this new road map for deliverables was not clearly announced to shareholders at the time the change was made.
IMO if this is so, it is a clear example of mismanagement and shows a high degree of disregard for shareholders.
Why? Perhaps because things are not as they are being made to appear.
It is not that hard to leap to the viewpoint from which all makes sense.
Sweet. I guess that is the sort of rough duty one must pull as part of being in/around NYC.
Rather sounds as if they are politely saying that they are close to default on their indebtedness.
looks like April 3 then, if they are ready, as that is the next, a conjunctive/occultative, alignment
perhaps no one will be back from the islands setting up for exile by then
no, negative, not affirmative, beyond doubtful
they barely managed to get one (1) unit occasionally assembled (with or without power cord, with or without all the plastic plumbing, etc)
field testing . . . that is when Robert kicks the one unit out into a pasture after it is clear Wanderport isn't
Rich pigs! We only used hot water around milking equipment. You wash out the hog pens with hot water ! Wow!
WDRP won't help you out however. I am afraid that, after hogs had tried to chew the heater up turning it on will just barbeque the hog ribs before they are cut out.
hey, someone is buying !
perhaps it means someone is trying to get the pps lower to buy big.
Interesting view on the scale of (known) sovereign fund growth in gold holdings. Your analysis of the volume puts a different perspective on this trend of the past few years compared to the spin in articles that have only been quoting the absolute quantities, 200 tons, etc..
All the same, the fact remains the gold is back, it is being bought and added to the reserves, and at these prices. That is a radical change for just a decade plus back when it was being liquidated at around $400 +/-. I guess that is what can happen when one is a government and has (hopes for the usefulness of) a long-term, multi-century viewpoint.
Thanks for sharing your research/analysis.
Good point AGB. I had heard that the pipeline is emptying. With the brutal economics for explorers shouldn't one expect future production, like a decade plus out, to only worsen ?
Maybe OT for the MUX board, but in the limited time I have been having in late hours these past weeks I ran upon the following interesting article doing a brief review of Argentine sociopolitical economic history as a commentary on the current events . . .
I got a chuckle at the quote
In Argentina, we have the ability to make the same mistake many times, and nothing happens to change things.
Those in power deny there is inflation and think it is caused by “commercial” interests that selfishly raise prices. Kirchner and those around her actually believe that their current policies will work. Meanwhile, 42% of GDP is government expenditures.
Food stamps now go to almost 49 million people. Eleven states have welfare benefits that are higher than the minimum wage. And look at this chart on the growth of disability payments. Over half the recent rise above trend in disability benefits is for the treatment of mental disability and stress
I have only one acronym for that - wtf - some sort of free enterprise that is. So Argentina is looking to have Vale withdraw entirely from its territory then (so that Vale is out of reach by their "justice") ?
Rather bizarre - thanks for bringing that to the forum.
"I am sorry, you are not allowed to not spend 11 billion dollars developing that project from which we plan on expropriating all the profits."
although it seemed to have no problem with the last raise of funds it is likely categorized in the same boat with all non-producing juniors as a dilution risk . . . but looks more like an expanding discovery
You are right AGB, as likely is Putin. However, don't overlook how this is also very self-serving, perhaps sufficiently to warrant the action despite possibly being premature. This is not just like tossing a sucker punch at the sore spot, but also possibly causing repatriation of capital.
Just the phrase "confiscation of savings" should have opened everyone's eyes (at least those not already living hand to mouth!)
Facts remain facts, the Bernank keeps the air pressure pumping into the tires, and yes it looks like the vehicle can still be pushed down the hill. Everyone knows the eventual cost is some new monetary order. Fewer realize how many brazen and subtle means will be used along the way to sweep up value along the way into the hands at the steering wheel.
Wanderport stuck in stage called "Repeat", as observed by Gold
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85997717
Fidelity, international enabled, is $19 CA per CA trade, done in the web interface. AU is more expensive as is most of the EU and Asian exchanges
The higher estimate you cited shows about a 106 ton increase in new supply, and this is almost 3 times the other, lower estimate.
Doesn't that figure pale when compared to increased sovereign stockpile building ?
Thanks for sharing from the result of your research.
I would not put much confidence in a count of mines slated to increase production. The projected change in global (ex-China) supply of new gold might be more meaningfully by looking at companies' projected production. That would help to take into account mine closures, or declining production due to grades dropping or volume/end-of-life rampdowns.
The challenge would be to get a representative sample of producers and near-term producers, including conglomerates or copper producers for whom gold is a by-product credit.
Thank you for the update. "We" may not be reading of "the crew" in La Presse, per your feeling, as it is French; nonetheless I would try to muddle through a Google translation if I were to know of the article)s).
Thanks again.
wow - posts two days in a row !
we're in the stage where we just wait for a while and at some point they either deliver something real or we go after them with pitchforks and torches and it's game over
If it is possible to have a weak dollar with high interest rates
Yes, it was nice news. Some decent looking grades to be seen in the table.
In absence of specific mention that exploration drilling being reported is outside of area subject to stream agreement I am going to assume it is within the area, at least until I have the energy to dig into the maps for the area and the exploration being reported and figure out if the assumption seems correct.
if they did have this weeks ago it is tough to understand not coordinating the release with PDAC
I think one major point is that "The Markets Hate Uncertainty" as is so often stated.
Everyone knows that.
No one should be running a public company that does not understand this.
That this board has had a sub-plot for so many weeks about "MAYBE" proposing this or that as the reason for the missed guidance is not just telling, it is SHOUTING.
The CEO has failed to contain damage, failed to update guidance, failed to remove uncertainty, failed protecting financial concerns of shareholders.
plus a anomalous pull-back in shareprice with no apparent negatives while silver was showing recovery from its weakness . . .
new successes in exploration of the property and illegal work interruptions ended another 1+1
I am glad to see someone else reviewed the financial report. After I had done so I posted asking is anyone noticed where any revenue was reported. Granted, I only did a quick review, but at the end I was scratching my head that I had not seen numbers for income.
Kirill Klip, Non-Executive Chairman of TNR, stated, "Having read the news release issued by McEwen Mining I am particularly pleased with how the reported results reflect efforts being made to improve the economic outlook of the Los Azules project. In time we will see the true value of this remarkable asset revealed and I look forward to that day coming soon."
Kootenay Silver Share Structure
Current as of March 01, 2013
Shares Issued: 56,488,850
Warrants: 5,826,600
Options: 5,179,750
Fully Diluted: 67,495,200
the thought never crossed my mind
Los Azules is turning out to have a huge amount of CU
I found particularly interesting the line
McEwen Mining has begun work on an updated PEA which is expected to be completed in the third quarter of this year.
Well yes 7.1, and thanks for pointing that out.
Of course you probably realize a difference is that Warren Buffet is on top of his game and fully knows what he is doing.
You pretty much summed it up, imo, except I add real estate into something like the category of physical (especially if it is not urban and even better if it supports food production).
I waited for silver to make a big change in value for a long time (sold good percentage at height of Hunt brothers days, then did long slow accumulation up until ETF boosted into double digit) so I do know it can be a very long "eventually" until an adjustment (is allowed). As others have indicated, this time it is the squeeze on physical availability that may be the catalyst rather than it being an "is allowed" change.
I see good future with Endeavor (despite recent quarters' drop in grade at the first two mines) and also like First Majestic, and Fortuna has done me well over the past few years (in and out) just to add to names you mentioned. I am not sure what to think about AUN at this point as it seems there is just insufficient clarity on the path to the future with this reverse split and the huge market reaction.
Cheers.
all jmo
Thanks for bringing that to this board.
The comments and part 3 confidence questions are quite telling, imo
That is indeed the question, or perhaps rephrased as, are the coattails of the corrupt sufficiently predictable to not get slaughtered in the periodic whiplash turnabout shakeout fleecings. Waiting it out is imo just fine for what one is comfortable having just sitting in physical insurance form, but a sure path to loss of value with what one would like to work productively. So, what choice?
ummmm, good luck with that . . . one needs a generator to run the coach air conditioning (or shore power) on even the smallest RVs.
The generators are generally 2.8 kwatt, but up to 6 kwatt on larger RVs.
The 4 magnetron MCMHU will max out a 6 kwatt generator and leave no power for anything else. Shore power is usually a 30 amp 110 volt plug-in, half of what the MCMHU needs.
It will not matter how one gets power, even a Tesla wonder-machine pulling it from the solar fields, one still needs the same amount supplied to the MCMHU.
Feel for ya. Could be nothing, so nothing to explain, without digging deeper relative to the AMF/SEC stuff.
I actually believe this started as a pure scam, get a shell, get something showy, make some money, rinse/repeat; but, at some point in Robert and idea something larger was seen, so funds to help evolve were provided. It is not that they believed that a company with successful product could be made, but rather that it could seem that way for long enough.
Then reality hit, on two fromts: marketability due to high cost of unit and electrical requirement in order to have a household unit (whole house or point of use), and, AMF spoke up. Such is my opinion anyway.
the entire system is a complete scam run by the bankers
pretty concisely stated (and "system" includes governments of "developed world" and selectively beyond that)
People getting out while cash still recoverable ?
I do not know what you think you are seeing, but I am seeing sellers willing to come down to the buyers' offered price.