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Brigus Gold teleconference 4Q earnings
Thursday March 28, 2013 at noon Atlantic time (11:00 a.m. Eastern)
dial 1-877-407-8133 10 minutes prior, No pass code required
teleconference also available by web cast live at www.brigusgold.com
playback 1-877-660-6853 conference ID 410009
until midnight on April 11, 2013
No end to foolish attitudes is there ?
Or the buyer of Los Azules copper project would need to be entity Argentina would not dare to screw with (aka China via one of its government directed resource corporations)
I have often seen PRs with no purpose other than informing shareholders of changes to timelines, than managing expectations upon delays or factors impacting previously announced guidance.
Perhaps. Certainly another wake-up call won't hurt. Pan American chilling their large silver project should have been sufficient (especially as the PR for that tied the move directly to Argentine policies).
In all likelihood any fiscal sanity will have to wait until after the political posturing for the public has ended after elections in October.
The cc ? . . . my guess is reworded statement of info in the news release, followed by whatever questions participants bring forth, which sometimes includes a few from analysts that are penetrating and indicative of factors easily overlooked.
MUX conference call March 11, 2013 at 2:00 pm EST.
WEBCAST:
http://www.gowebcasting.com/4215
TELEPHONE:
Participant dial-in number(s): 416-695-7848 / 800-769-8320
Participant pass code: None Required
REPLAY:
Dial-in number(s): 905-694-9451 / 800-408-3053
Pass code: 8222665
I do not have knowledge of the different provincial laws, but I saw last week where the shareholders of one junior organized in BC had exercised rights in the BC law allowing them to call for a special meeting with business that they wanted brought to a vote of shareholders, forcing management to call the meeting and issue the agenda.
It really was not an inference, rather the statement that sale of KC would provide EXS with funds, which it would not if CD executed plans as repeatedly stated, dividending all sale proceeds to shareholders.
That is all. I just wanted to clarify that this was not the CD had indicated, a change to that plan, but your opinion that if there was a sale of KC then EXS would have funds.
When I compare the Mar 7 and Mar 9 versions the tool only finds differences on page 13 and 14, both toward the bottom of those pages.
The tool does not let me copy/paste its displayed difference output, so here are screen captures of these pages, cropped to the parts differing.
Hopefully these allow to see where to read the differences, which are actually so minor it leaves one wondering what the legal difference is between them such that the update was deemed necessary.
(Mar 7 on left, Mar 9 on right)
page 13
that is "nominee located in Montreal, Quebec, owns 400,000,000 million shares of restricted common stock which constitutes 62% of the shares outstanding." which was changed to "nominee controls 400,000,000 million shares of common stock which remain restricted and constitutes 62% of the shares outstanding in exchange for his license. His place of business is located at the following address 2359 Rue Guenette, St-Laurent, Quebec H4R 3C3 Canada.."
page 14
that is a change from "to continue our research and development" to "to continue our patents, copyrights and trademarks and product development"
Thanks for the time and effort D, to recompense Steven for his great effort in Munich previously and for informing this board of your understandings from discussing with CD.
I am wondering, when you said about KC that you did not much discuss it with CD, and then say
If we hit the zinc then we have a great source of funds
perhaps you get what you pay for . . .
you want "normal" service pay "cash"
you want "expedited" service pay "cash +"
you want "head of the line" service pay "cash + + +"
you want "infill" service, worked on when possible, pay "cash - -"
and EXS is on a tight budget
But . . . the increasing price of gold only impacts the in-ground value of a gold resource to the extent that the higher price of gold exceeds the higher inflation in the costs of mining it, which have risen significantly in recent couple years (and if the endless fiat printing takes effect on inflation . . .).
Announcement: McEwen Mining Fourth Quarter & Full Year 2012 Conference Call March 11, 2 PM EST
http://ih.advfn.com/p.php?pid=nmona&article=56632075&symbol=MUX
McEwen Mining Inc. ("McEwen Mining") (NYSE:MUX)(TSX:MUX) Chief Owner, Rob McEwen, along with senior management, will be hosting a conference call Monday, March 11, 2013 at 2:00 PM EST to provide the fourth quarter and full-year Company update. McEwen Mining's fourth quarter production results can be accessed here: http://www.mcewenmining.com/Media-Events/News-Releases/News-Releases-Details/2013/McEwen-Mining-Celebrates-Its-First-Year-of-Production1132653/default.aspx.
WEBCAST:
www.gowebcasting.com/4215
TELEPHONE:
Participant dial-in number(s): 416-695-7848 / 800-769-8320
Participant pass code: None Required
REPLAY:
Dial-in number(s): 905-694-9451 / 800-408-3053
Pass code: 8222665
Good post PB. Sane.
JMO
Agree. Perhaps the discount placed on the small veinlet size and depth means one needs to understand the current EXS market valuation not in terms of TPW whatsoever but rather on the entire portfolio of prospects. As you just said, focused on TPW
So really EXS has no value until feasible. If that were true the stock would not trade at all or attract any PP.
No, not the anticipated (?) 2012 end-of-year update.
I was responding to luvtohunt who I believe was working with numbers from the most recently released NI 43-101
NS43-101 says there is 200K ounces at TWP, and if you use $600 per ounce net revenue which leaves $1000 per ounce for costs to pull out of the ground, TWP alone is worth 120M.
so by that, in management's opinion, the multi-cavity unit, at around 50 amps, will be capable of heating water sufficiently if the water is preheated, using a preheating method that today is already able to heat water sufficiently for direct use in households.
That is encouraging.
It is management’s opinion that the upcoming MCMHU’s heat engine technology will form the basis of a product line capable of being an add-on to existing geothermal energy systems or solar water heating solutions.
The war for world domination is, and must be, fought on all fronts.
As in any war, a breakdown on any flank can, usually does, lead to loosing that front.
The rules, and their enforcement, for the markets do not seem to support a win by any party except the banksters/hedgies with the advanced automation.
Thanks much. I asked as you know much more than myself in how to access the info and I am handicapped linguistically, so very much appreciated.
Thanks for capturing these Gatz, and keeping us aware.
Your take is imo as it is, or, as stated by Andrew's "claimed scammer" associate in one of the AMF investigative releases, Wanderport is Andrew's baby.
One of my big tip-offs that all was not as claimed was the conference call, where Andrew was doing all the heavy lifting with answers, and Richard occasionally speaking up and rewording what Andrew had said. Not the correct order of things the way the conference call was run, where investor relations should introduce CEO and step back.
Do you know of the next scheduled date for any formal action on the part of AMF regarding Wanderport, any of its principals, or Andrew Barakett or his associates ?
Yea, but point is this bull part about Wanderport locating the facility and then getting Intertek to know about their ability to do the work is really an insult to our, my anyway, intelligence !
Computers are wondrous things.
Any company of that size that does not have scheduling automated and equipment inventory and facility capabilities all in the database is in big trouble in this competitive day and age.
full month, or more, to get the testing started . . . that is with the optimistic reading
We will need to set aside three days for the tests and we hope to have the tests scheduled within the next few weeks (early April) according to Intertek's availability.
lol - too bad the technique can't be generalized to broader set of juniors
The guy does have a sense of the pulse of South America.
It seems the big money could care less about the fundementals (of anything, except for that part of the skim that gets put aside in safe harbor).
Rather it seems to be all about the trend. As I understand things, QE (all iterations) mostly has only concentrated into and enlarged the hands of those with rooms full of quants and machines testing new algorithms, making their impact proportionately all the larger.
Which way is the correct reading for near record US indices, like Dow: the US economy is "booming" better than others, or, the true (and future widely recognized) value of the dollar is so much smaller, or, is there another?
There is a great swooshing sound as value is sucked out via the markets and tucked away into physical while the price can be held down. If that is so, then would it not end at least, if not before, when there is no more value to suck out or no more physical to tuck away ?
The MUX 2/15 short interest report is out, and short interest has been flat-lined at 28 million since the mid-Dec report. At these prices I would not be surprised to see this change with a lot of covering. The flat-lined numbers appear to show the shorters have been feeling MUX was at value, meaning now undervalued in their estimates.
All not even JMO, but JMS (S=speculation)
Steven, Thank you so much for providing this information for us all to digest each in our own way.
Here we go again . . .
The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself.
BTW while trying to find info on Chester one of my google search came up with a reference to TOM Exploration which was a reent emplorer of CD.
and also a previous owner/explorer of TPW if I correctly recall
My take on the Chester affair is, as expressed before, that it is not a lot of money (50,000 each of 3 years) and a bunch of dilutions (also spread over 3 years. IMO we do not have all the info of the why's and wherefore's. I can see the importance of capital preservation, or at least put the cash to work where one knows what it will likely return. However, it is not a lot of cash, if any one of a number of "extra" but significant factors unknown to me exist and are taken as part of the consideration.
maybe, maybe, maybe finally, if and if, then maybe
right !
Hi TT, correct, in the end gold in the ground (and its economics) is all that matters (in the end).
However, some of us are interested in what happens (what opportunities are presented) along the way.
but CD if he wanted to could easily have a positive influence on the SP
Boy, have you ever said a mouthful there
I have to agree with your post's further observations too
The lack of transparency and information flow could be easily adjusted and would have an impact on the share price support level
Yep, same here. That is why back then I was so surprised and the dividend out 100%. It made no sense to me that the company would not retain enough to at least have a stake that may provide for initial positive news flow from work on the next property (which has sounded like EL).
To sell off property of current work effort, then start with ballooned O/S and near zilch for treasury, back near square one on next property, as a business plan imo just sucks, or more politely is not a plan at all.
But, we know how bullheaded, listen to none others, etc. once struck by an idea, "strategy" or "plan" in some vision . . .
They are clearly stalling with these absolutely ridiculous updates but why? What are they stalling for and why do they feel the need to even provide a useless update like this if they have nothing?
Makes sense to me, but apparently not to be (unless there has been a change of plans).
At time of last conference call I was convinced there should be a percentage retained in the treasury (if when the then hoped JV or buyout happened). So I asked to make sure I was understanding the plan correctly the and answers to my two questions made it absolutely unambiguously clear that all the sale proceeds would be dividended out to shareholders.
will be plenty of big investors waiting to supply the capital
Perhaps so, but each share continuing to be a every shrinking slice of the pie and next dividend payout (and each share costing more?)
Hard to swallow . . . "we sourced" . . . so Wanderport can figure out what exists at Intertek facilities better than Intertek can ?
Do I smell a fish monger with stale product, or just not understanding?
At least the carrots seemed fresh !
Too funny Gold. Methinks we don't see them making any headway as our priorities are not theirs (saving their assets and their ars*s and perhaps figuring how to make an escape with family to destinations never to he known)