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I can't help but think that those that think the passing of this law is such a big thing, possibly have business interests in Panama outside of PTQ that might benefit from this development. But that's my suspicious side.
JFF7
Back in.
Bought back a third of my position today. Hope to get more soon but need to raise capital. Don't like what is happening with price of gold yet but sometimes you can't wait for perfect conditions.
JFF7
just because they havea big deposit does not mean they will get bought out. There are at least 4-5 big deposit companies around. Most have been turning the drills for quite a while but have produced very little.
Getting it out of the ground economically is difficult sometimes. Usually requires a huge capital investment (which narrows the potential buyers to a handleful) because the deposits are such that it is not feasible to mine a small part of the deposit economically. Some big deposits are just huge amounts of low grade ore. You need lots of of equipment to process that much ore to make it profitable.
JFF7
MMT.v
the larger issue is operating in Nigeria where things move much slower and the red tape to post news is cumbersome. Not optimum for a very undervalued stock. As everyone agrees, patience is required on this one. Maybe uber patience as the story unfolds (as it will).
JFF7
I thought the race was to 1.00. Sundance is not there yet although it appears the race is all but over....... maybe.
JFF7
MMT.V
down to 58 cents now. Lots of poeple holding this one because drill results look great and future drilling look to very likely turn in same results.
Is there something we are missing here? Is this weakness just because of the locale and political situation? Or have we over estimated the upside.
Just seems strange that it should trade down (albeit on low volume).
JFF7
QUX.to
BNN just said that the problem is with recoveries at Carlotta. Don't have any solutions yet for that even though they have already taken a comprehensive look at it. More options are being tried though.
JFF7
MMT.V
I would think the reserve updates would come out with the annual report as they are as of December 31st. That would be end of April (as per last year).
JFF7
Sounds like CCME is one part of a long / short trade by the hedge funds. Don't have a clue of what the long stock would be. But I have seen this before where a stock gets matched up in one of tese trades. The hedge funds trade usually last about 6- 8 months or until the long side of the trade starts to fail.
JFF7
MMT.v
"They should be almost out of debt by now at 90 dollar oil."
as someone pointed out on the stockhouse baodr, they are really getting 100 dollars for their type of oil. The debt goes down even faster.
JFF7
OGC.to
yup fundamentals breaking down (production costs going up 45%?, and production dropping slightly and gold prices weak (for the time being).
Now local fight against the development of the new mine in the Phillipines (should be expected I guess) and the 200 day moving average broken.
Dead money for a while.
I started getting out Friday but not quite fast enough. Sold the rest today.
JFF7
if 1.08 is the worse they can do, you guys are laughing.
JFF7
Forth coming
well that is the problem isn't it. Management has not been forth coming in the information needed by an investor to properly evaluate this company and an investment.
Is the lack of production due to downtime or to poor grade or something else?
Where is the information about what they are currently producing? The grade? The recovery rate?
There has been decption up to this point. To guarantee the warrants are executed so they have suffucient capital? Well if the warrants get executed, will the company be more forth company with the information needed?
Let's see what happens? I hope they have the right answers for investors.
JFF7
Low production numbers
it seems to me that the most likely scenario for the low production is they were down at various periods during the quarter. This make sense in conjunction with the spoty reporting of production results (they reported the good production results while they were up and running).
I would say the cost of production would also seem to confirm this as I think the cost of production would have been much higher if they had been producing at a very low grade the whole time. 758 production costs are not what people are looking for (550-600) but they are also not that bad.
Finally, if they deliberately choose not to PR the times when they were down, then most people would feel that is somewhat deceptive. It would not surprise me that the former CFO was not on board with this and had no choice but to leave.
JFF7
CL001 off to a great start in both contests again.
"I don't know hows he does it but I knows he does it! That wascally wabbit!"
JFF7
finally got the Management Info Cicular for the special meeting of shareholders. Guess it was based on ownings shares earlier.
Looks pretty straight forward.
one question: who gets the finders fee of 800,000 dollars? It's mentioned several times but I doidn't see them finders identified anywhere.
JFF7
well I hope some of you had a chance to ake some trading profits today. These multiple run days are usually great trading opportunities if you can pick the turn.
I did not trade any today and am still on the outside looking in. Hopefully I will get the chance to hold again as I believe in the long term story here.
Good luck with the earnings report tomorrow or on the weekend.
JFF7
You would be correct on that assumption.
JFF7
thanks for the silver names. I'll look closer at AXU, EXK and ABI.
JFF7
good silver pick?
anyone have a good silver pick?
is SLW still a good proxy on the price of silver?
JFF7
probably means their unloading.
I'm still holding.
JFF7
yup things are looking good for PTQ.
I am one of the people on the outside looking in for now.
Hope this run continues for a while for you guys.
as Arnie says, I'll be back.
JFF7
dow 10500
oil 108
gold 1575
CFTC voting on new rules next Thursday. This might have implications for many commoditiy prices. If they are successful in limiting or controling speculators, that could trigger a bit of a sell off in commodities.
JFF7
MMT.V
well the rue believers alreay bought as many as they could. Some are buying more but most are at their limit. New investors are needed.
Options will be issued then management will start issuing some updates again.
How long for the pipeline company to fix their pipeline? 4-6 weeks?
Has the new well drilling started?
When will management take their story on the road and drum up some new investors.
Lots of questions, no answers. The market does not like uncertainty.
For the record, I am holding.
JFF7
more bargains to come. Commmodities getting taken down this week it looks like. Save your cash for the good deals.
JFF7
AMC.TO .22 Cdn 7.5%
I was thinking more about the loan for the Snow Lake mine. that is the one that will move the stock price.
JFF7
AMC.TO
I don´t think this ever closed so there is no way to know what the price will be. The rise in price lately suggests news could be getting close but it has been a long time coming.
JFF7
Like I said, don't worry about positve P/E for or EPS for CDE while POG is going up as it is not likely to happen.
CDE is still a good buy at these prices and the price will continue to go up.
JFF7
complaining about the gold deals they are already in is not going to get them out of them.
You should be suggesting people measure CDE's performance based on cashflow instead of EPS. Cashflow is what most serious mining investors use to evaluate a mining company.
Just my two cents. I think CDE share price has come up quite a bit but it has been slow going. It has a lot further to go. It will just keep grinding higher.
JFF7
DVM - your right. I was wrong. I misread the NR.
I guess my credibility sinks even lower than it already might have been. Now it looks like I was trying to drive the share price down.
Since I was wrong, I think I will buy back my shares before the second week on January when gold prices might get stronger again (when US dollar starts to weakend again?).
My apologies to the board for my error and subsequent post.
JFF7
Reaction to news
they have added about 23% more dilution from the previous news release. My expectations have not been changed on what they were going to do with the funds raised so I guess that means my expected upside has dropped by 23% now. As a result I will be selling some (23%?).
That's just the way my mind works. Less upside so less investment.
There is also less downside risk now but I was already willing to accept the previous level of risk so that does nto help me. This less risk should draw a wider range of investors in. All debt gone, large stake of shares in friendly local hands (assuming this is the banks which to me seeems likely since they are about the only ones that could bargain for an anti-dilution clause).
Anyways, I lightened up some. Just another point of view.
Oh yes, one question. If fifer got a finders fee for the first 32 million shares, does he get a similar finders fee for the second 32 million subscriptions (that become shares)?
JFF7
EE.TO Exall Energy +.27 $2.15 +14.36%
another winner from Bobwins. Love these value plays.
JFF7
Cl001 - thanks for your generosity. And Happy Holidays to you as well. Looking forward to next year's competition.
Even more so, thanks for sharing your ideas on the VMC board. Your, Bobwins and other's picks have been excellent this year once again. These boards are a great example of what people cooperating and sharing with each other can do.
JFF7
ARN.to up 10% today to $5.74 Cdn
I just got in today at %5.35 with a reasonable sized position. I captured most of the days gains by luck. Should be lots of drill results over the next 3 months during winter drilling season. First set coming out in two weeks or less.
Probably not a muli-bagger but real good upside over the next three months.
JFF7
OGC.to
I think you instincts are right. The 5 day chart shows a share price that is strengthening while gold prices weaken after an extended period of weakness. We also know that OGC on a value basis compared to peers is quite undervalued.
IF POG heads back up, this is one of the first gold stocks to buy.
I hold some but had to sell about two thirds recently to pay for some upcoming home renos. If I can find some free cash, I will add to my position and not wait for the POG to turn up but I will add slowly in case POG continues down.
JFF7
it might now be by accident that you are not able to nail down the ounces produced from the figures they have provided. Perhpas by design.
Costs should still be high I would think. Be nice if they came down though. At least start a trend down. That would be good enough at this point.
JFF7
still holding my cde but will be selling soon as I need the money for home renos.
Bought some slw today for a quick trade. Looks cheap to me.
Don't know if gold and silver snowball from here but my gut says to buy on the pullback. However so far I am lighter in golds and silver than I have been for some time. Just trading any new gold and silver positions. Moved money over to oils for some reason over the last few weeks. Again, just following my gut and value opportunities which tere seems to be a lot of in the oil juniors.
JFF7
NVS.V Novus Energy $1.01 Cdn +.11 (12.22%)
Does anyone know what is happening today with this stock. No news to be seen but up 10-12% on high volume.
The share price jump took me out of this stock by triggering a sell order. Might buy back lower but sure would like to know what is causing this price and volume action.
JFF7
OGC.TO +.08 $3.51 Cdn +2.33%
OGC finally catching a bid? Is the consolidation finally over? Showing signs of life lately.
No fundamental news.
JFF7