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Jal, if you want to know, why don't you just send an email to Tocqueville and ask them if they still own the 3.5 million shares as per the CNBC site (and provide the link).
Companies don't mind confirming public information. They just don't like to say if they are buying or selling a particular stock.
JFF7
Buying strength? More than 100,000 bid at .335 Cdn.
Maybe the sellers just haven't seen it yet. LOL.
JFF7
I'm out at 40.5. Break even for me. Don't like the way the market is pushing down many good value plays. Looks like the markets are starting to turn over. All stocks will get taken down. Some worse than others. Companies that need money will be hardest hit.
There may be one more little sun into earnings but after that I want to be mostly cash.
AAA has a great future. Hope it turns out well for everyone.
JFF7
well Jal, then your frustrated about things you can't control. Best to pick and choose the things you spend your energy on. Focussing on the things you can control is the best place to be.
I am spending time on other plays and just in wait mode on PTQ.
JFF7
yup, weighing the chance of good news vs bad news is part of your decision on how compfortable you are in holding what you have.
In my mind, most of the potential bad news is already built into the price. If it is true on how much gold they are producing, any type of refinancing (even bad terms) is build into the price now.
JFF7
well when you get uncomfortable with your holdings and your not sure of what is happening because a lack of information from the company, maybe your holding too much. Either you put up with your discomfort or you sell a portion of your holdings and reduce your exposure.
If your uncomfortable you certainly should not be adding. People say that when the market is most negative, that is the time to buy but that's only if you have solid facts in front of you and your not already fully loaded or overloaded.
I sold some of another loser a month ago because I was not comfortable. I held what I was comofrtable holding. The stock came back recently and I sold the rest. Sure it would have been nice to hold all for when the price came back but the fundamentals had changed so I was OK with selling. Wrote it off as a lesson learned. On to the next deal as I never seem to have a problem finding what I consider a good deal. Getting harder now because it feels like the market is starting to roll over.
Still holding all my PTQ but not adding any new.
JFF7
ok I'm scraping the bopttom of teh barrel looking for something positive.
At least it looks like the retail investor is not holding all the bag on this one as Anonymous is on both sides of the trade now (still more sell than buy though).
Best I could do for today.
JFF7
yes Canaccord is selling again today.
Recent Trades - All 9 today
Time ET Ex Price Change Volume Buyer Seller Markers
10:15:54 T 0.35 0.00 500 7 TD Sec 33 Canaccord K
10:13:21 T 0.35 0.00 2,500 14 ITG 33 Canaccord K
10:07:25 T 0.35 0.00 300 33 Canaccord 89 Raymond James E
09:51:41 T 0.35 0.00 100 57 Interactive 89 Raymond James E
09:48:33 T 0.35 0.00 5,500 7 TD Sec 33 Canaccord K
09:45:22 T 0.35 0.00 100 57 Interactive 89 Raymond James E
09:30:00 T 0.35 0.00 20,000 9 BMO Nesbitt 33 Canaccord K
09:30:00 T 0.35 0.00 2,000 1 Anonymous 33 Canaccord K
09:30:00 T 0.35 0.00 1,500 2 RBC 33 Canaccord KL
Follow along at
http://www.stockwatch.com/Quote/Detail.aspx?symbol=PTQ®ion=C
CGA.to
Fraser Institure survey has always rated them poorly on policy. On page 11 you can see that ratings from 3 and 4 years ago as well.
Ranking in 2007: 60/68
Ranking in 2006: 61/65
The point is that they have always been near the bottom in recent years. They have always been in the bottom 20% based on policy. Three years ago they were 5th from the bottom and this year they are 3rd from the bottom.
If you take into account mineralogy with policy, they fair much better.
JFF7
Crazy,
I think your refering to a flow through investment not a generic PP. Not all PPs are tax deductible. Flow throughs can raise money through a PP as well but the purpose is to raise unds for Cdn companies to spend on exploration and development. Also there are tax consequenes later on that you need to be aware of. So you get a write off in the year of purchase but there are tax consequences later on down the line.
US is one of the least taxed countries in the world but that is changing for the worse.
JFF7
"The Frazer institute recently downgrade Philippine to the bottom of its list".
To be fair, Phillipines has been near the bottom of the list based on policies for a number of years running (at least 4) so this is nothing new. It's unlikely that funds are just becoming aware of this. And as you say, CGA is operating in a safe area in the Phillipine.
I could buy the idea that maybe this is why these miners remain undervalued over thelong term.
JFF7
that would be a good way to put in a base.
JF7
CGA.TO
anyone know why CGA price is under pressure?
JFF7
Telt
I traded Telt at one time. Lost 75% of its value. The mgmt switched gears, manufactured some good stories and it moved back up to a point where I only took a 10% hair cut (and glad to get it.)
I found I did not understand the companys' business at all even though I thought I did. Mgmt seems to save up good results for one qtr that sends it rocketing but then there is little follow through because all the good news was used up. Maybe mgmt was trading in and out. I don't know. Left a bad taste in my mouth so I never went back, no matter how attractive a qtr they could post.
JFF7
TMB.to
I hope your right about pulp prices long term for the sake of the TMB holders that bought much higher.
It's getting solid support today. Looks to be improving.
JFF7
CGA.TO
CGA's Masbate is on the island of Masbate. Pretty far away from the other issland where the open cut miing was outlawed by the local provincial govenrment. Doesn't look likke it should impact CGA's Masbate mine directly.
Guilt by association?
Anyways, I bought some at 2.04.
JFF7
CGA.to down about 10% over last three days.
anyone understand the reason for the selloff on CGA?
someone onStock house suggested it was due to a environmental law passed by one of the provinces outlawing open cut mining.
Not sure which province this is and if CGA is in it.
JFF7
lol, yes if you go low enough, someone will buy on the ask.
JFF7
TMB.to
I might add that I think TMB looks to be bottoming here. maybe the upswing has started but for the most part i will not be part of it.
JFF7
MMT.V
I'm with you DigiTech. Under water on my shares I rebought on the pullback but feeling good longer term. wish I could add more at these levels but I am trying to get more disciplined about not overloading the truck.
JFF7
Looks like Anon. doing crosses.
JFF7
I have been slowly bailing on TMB as I had too much of it. I am swithing the money over to another Ag type stock to keep my exposure to ag stocks. That one has also dropped simialrly to TMB but when I reevaluate the fundamentals on it, it seems a better bet for a full turn around.
TMB has been a disappointment for me. But who knew the lumber prices would fall so far (over 33% from the highs (is that the same as saying lumber prices have gotten soft?) so fast. I thought I would be in TMB for one good qtr but after that it would be time to reevaluate.
2nd qtr should be good (one time gain from sale of 2 proprties) and the pulp business should outweigh the drop off in the lumber prices but it will not be as great as if lumberprices had stayed up. Hoping for some share price appreciation going into 2nd qtr results that I can sell into.
JFF7
I could see more poeple selling. retail investors tired of the lack of news and the uncertainty. Put that on a backdrop of today where everything is gong up and they want to sell even more becuase they think they are missing out on upward action on other shares.
On another topic, these insiders are not likely to buy on the open market. It's pretty clear to me that this company has no qualms about issuing lots of options to their management and directors as a way of sharing in any upward expected share price. That way there is no risk to management and directors. Just wait for a share price to appreciate and then exeercise your option, sell your shares on the open market and pocket the profit. All they need is interim financing.
It's promising to see anonymous buying. Thatusually not retail investors.
JFF7
one paper currency fails, it's just replaced by another.
Usually after some "restructuring".
It would be nice if the replacement currency were backed by gold but I believe there is only one currency in the world right now backed by gold.
JFF7
are you Lojikp or Loki?
nice spoof.
JFF7
well thanks very much Researcher.
It simply luck for me as mostly what I do is choose from all the great ideas presented on these VMC boards.
Good luck to all.
JFF7
my eyes decieve me. Say it isn't so.
JFF7
Jal, are you watching for your sale on the OTC or on the TSX?
The OTC just passes the order through to the TSX where the sahres are actually bought and sold. The volumes thru the OTC are not updated that often.
JFF7
MTO.v lots of Insider purchases lately?
I only see 10,000 shares purchased by insiders lately.
Lots of options granted though.
Am I wrong on this?
JFF7
http://canadianinsider.com/coReport/allTransactions.php?ticker=mto
Yes Jal, I know that is what history has taught us about how gold runs. But we're not the only ones that can study history. Gold and what it represents is a danger to the banking system. They're natural enemies.
The question I wrestle with is how will this end. In previous gold runs, it ended with the spike ups and then some serious medicine implemented through monetary and fiscal policy changes. I am not sure that will work this time. The politicians and so far the people seem to lack the backbone for it. The use of computer makes it too easy to cheat the system and any efforts to right the boat. Globaization makes it impossible to contain this to within the borders of a sinle country.
Trying to figure out how this will end is difficult to imagine. Naive is the last thing I think I am.
JFF7
I think they have done a good job of managing the POG so far and not letting it run away. Yes I would have liked it to run away but it doesn't seem like it can. I am thinking now that we may not see a spike up of gold prices at the top.
if the recovery in US ever gets some traction, there will be much less upward pressue on POG. The high soveriegn debts will be the main reason for it to stay. But who know how creative those resposnisble for them will get in dealing with them.
JFF7
what's your assumption on the POG? in 2-3 years time.
JFF7
Judging by the bid ask queues. We move higher now that there is not a large active seller out there and that we have exhasuted ourselves in looking at all the negative scenarios that might have caused this drop.
Looks like we easily move up to 39-40 cents without any news.
Gold prices have to stay in this range though.
JFF7
"We have a potential 20 bagger from here. Easy"
Not a snowballs chance in he11.
Just my opinion.
JFF7
Golden,
do you have any currency trading experience?
Just want to know where you are cmoing from. IMO the Cdn dollar is attached to the hip with US dollar for the next while. If US can show more substantial recovery, then the gap will start to widen again.
JFF7
PS I have no currency trading experience
Curlews - SGR
I just realized we have this same conversation on SGR everytime they come out with drill results. I don't mean to denigrate your investment decision on SGR. It's just something that bugs me about them. Used to own them from a buck (even bought some at 54 cents during 2008) so have made money on them but not as much as you probably. They're approach just bugs me ast some basis level.
Good luck on SGR....may it be bought out at 10 bucks in the next year or so.
JFF7
Allana Potash Clarifies Earlier Press Release
09:17 EDT Thursday, June 10, 2010
TORONTO, ONTARIO--(Marketwire - June 10, 2010) - Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") would like to clarify certain elements of its press release from yesterday June 9, 2010 which it believes resulted in the unusual and unwarranted trading activity in the Company's common shares. Allana has engaged Meridian Drilling to complete 10,000 metres of additional drilling on its Ethiopian potash project. This drilling is in addition to the Phase I program (2500 m -3000 m) and has been part of the overall program announced by the company in its presentations and other public communications. The drilling will be done in conjunction with 2 D and down hole seismic surveys and is part of the Phase II drilling program designed to establish sufficient resource to support a feasibility study. A second drill rig and equipment capable of drilling to a depth of 800 metres are being mobilized out of the UK and the program will continue with two drill rigs to completion.
The Phase I drilling program is progressing on the project and hole DK-10-03 was recently completed to a depth of approximately 208 m. The drill rig is currently drilling hole DK-10-04 in the centre part of the basin. In this area, two Parsons drill holes intersected thick (approx. 45 m) zones of potash mineralization at a depth of approximately 650 metres. Hole DK-10-03 has been logged, sampled and the samples have been shipped to the lab for analyses.
In addition, Allana wishes to clarify the timing of the issuance of laboratory analyses for holes DK-10-01 and DK-10-02. The results of the analyses of DK-10-01 and DK-10-02 will be released as soon as the evaluations are completed which should be within a few days. Samples from DK-10-03 are only currently being shipped from Ethiopia to Saskatoon, and likely to arrive in the lab next week. The evaluation and analysis of DK-10-03 will take approximately two weeks from today and the Company will release the results as soon as they are available.
Farhad Abasov, President and CEO, commented: "Allana management has decided to issue this clarification in response to many inquiries received from our valued shareholders. We expect to release the assay results for Holes 1 and 2 early next week. The drill program is going full speed with the successful drilling of the fourth hole. We anticipate the samples from the third hole to arrive in the lab next week, and we will announce the results once they are received. The 10,000-meter program is a previously announced and planned phase II drilling program, and is a very positive development for the company as we are on track with our development program."
SGR.V
when are they going to say they pulling this gold out of the ground on a profitable basis?
didn't they pour their first gold in August 2006? Boy, how 4 years passes when all your doing is drilling! (Exaggeration on my part).
JFF7
AAA.V
Anyone pick up any cheap shares on the dip today?
JFF7
are people interpreting the news of drilling to 800 meteres that that is the depth they will have to go to in order to work this deposit? That would be more costly to develop, no?
Can't think why the big impact to the price but I bought in the hope that there is a nice rebound when the market figures things out. This getting back to the levels I bought in the first place.
Still not committing much though. Market is too risk adverse now.
JFF7