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The rumors are positive, but all it is just groundless bunch. I would rather see it in the Fall,
SP still have been manipulated by the House. Check last 500 shares traded back to .69
May be there is a reason for it.
Yes, I am hearing rumors also and I don’t like it.
You know me- staying low and quietly accumulating until October and then take-off. Why now?
You all noticed that big volume at the close.
Yes ‘ it is all good , but I think eventually , three or five years from now when Europe settles down and we will get out of depression gold will have to pull back to more realistic price . It will never be again $600 , but I see it around 1200 and we will be 300K oz producer with $450 production cost.
Lo, let’s have some face here : ” For all we know, IbR is already baked into the SP and we would be trading at $0.30 again if not for the potential acquisition…”
Common man, PTQ slowly but surely is heading towards 100K producer without IR, and then don’t forget future ODN, PDI … IR will pull us over 250K.
The only reason we are trading around $0.70 is uncertainty among future investors and luck of knowledge about this company,,, both of those issues will be rectified in near future...
Repeat after me : we are $ 3.00 per share company… it is just matter of time.
That would be a good post in May. Today it is a common knowledge and some is water under the bridge.
1Best had disappear , all his data has been wipe-out as he never existed, something to ponder about , who was he? Where is he? Why did he?
1Best ... PMC... ?
Things are not always seems what they are.
You guys are giving me a head ache with who buys what ,- No one buys anybody !!!
Why don’t you talk about something real , like production , weather, rain, USA women lost,
Or $ 0.65 warrants , gosh...
Instead of concentrating on the rumor source – you guys are moving into left field…
We don’t have problem- we have a good news or bunch of b.s.
If I have to guess the rumor: - we have 40 businessman financing our Iberian purchase, here – see if you can top that , and keep in mind that I was partially correct with May 30 rumor , ha-ha.
I was out all day, common guys spill the beens … what was it ? Chinese or Spanish JV ?
Lo, you are right ;o))
acanuck, here it is :
"...By next Monday, the plenary of the National Assembly vote on the creation of 15 standing committees, most of which would be chaired by Members of the ruling Democratic Change (CD). In addition, the Legislature reported that that day is to prioritize the legislative agenda 2011-2012. The president of the National Assembly, Hector Aparicio, ratification of these boards is a priority to start the installation procedure and swearing in of members and start discuss projects and draft laws that rest in these instances. Aparicio confirmed that eight of these units will be led by parliamentary deputies of Democratic Change, while seven will be chaired by Panamanian Party colleagues. The head of the legislature noted that on Monday meet at the Office of the President to discuss together with the deputies the most sensitive for the country to create laws that benefit citizens.
"
I think it means this coming Monday.
VB
Geico and Mante, I would not post it, why spoil the surprise? We all adults here and can wait a few days .
May 31 was another story, it was posted as a rumor long time ago and partially was correct , because company did come out with certain facts about PDI spin. But if we do have news on Monday or Tuesday – I would rather be pleasantly surprise.
Mante, can you give us a hint ?
There is no issues with Iberian resources. As far as everyone concern (except this board) IR will be part of Petaquilla, period.
I am not surprise that he does not know all details of Panama situation or PTQ, but the fact that he/ they know about us - is a good one. I agree with Lo, all we have to do - just start producing a few good quarters and we will make money.. in mean time : enjoy last few month of relative peace, buy some more shares on a cheap. When rest of the crowd will join us - you wish you were here( back in time) paying $0.70 for $1.40 stock.
Don’t worry, even without active promotion – “THEY” are keeping eye on us, as you can tell from that video posted on SH.
Granted ,he does not know all details and information about the company or L/P , but the fact that he knows what he does – did surprised me.
It tells me when we will finally make a move – we will get noticed in a big way.
Jal, common! Inside trading has nothing to do with company buyback. On August 11 everyone will be able to see how many shares they purchased,- it is not a big deal.
Here is something interesting :
The president of Panama, Ricardo Martinelli, on Wednesday encouraged Spaniards to come to Panama to work because there is "full employment." A note from Europress adds that Martinelli said "but Panama lacks skilled manpower for the many infrastructure projects the government is undertaking, plus the expansion of the Panama Canal." Martinelli said "Panama is a country of opportunities," during a speech given at the New Economy Forum, highlighting the numerous ongoing projects in the country, both in the infrastructure as well as in sectors such as tourism and energy. He noted that although there is "full employment" their country, Panama "needs a lot of professionals," such as engineers or in the future "doctors and nurses" because they are building five new hospitals. In this regard Martinelli said during his meetings with the King and the Prime Minister of Spain, José Luis Rodríguez Zapatero, he proposed to "unilaterally" and without asking anything in return for an agreement under which "any Spanish citizen who has been living in Panama for more than one year shall be eligible for citizenship." This could be especially useful considering that by law, the State requires that 90 percent of workers in companies in the country be Panamanian, although according to Martinelli this is "more of a problem on paper but in practice there is a lot of flexibility." (TVN Noticias)
Editor's Comment: Holy crap. The government of Panama is getting desperate for labor. This article is a diplomatic form of begging. The government will now begin to offer even more incentives and create initiatives such as this to lure and retain skilled labor from around the world. Notice - they don't want or need unskilled labor but if you have a degree then come on down.
promotion started:
". (EFE). -Panamanian President Ricardo Martinelli, guaranteed in Madrid today that Panama offers security against the instability that drug trafficking and organized crime are inflicted on other countries in the region. At a breakfast hosted by the New Economy Forum in Spanish capital, Martinelli, which closes today its three-day official visit to Spain, said that Panama "has the ability to control the possible entry of drugs into the country." "We have set up naval bases along the coast and bought 21 radars to control drug trafficking. We also have six patrol boats, 15 helicopters and aircraft that monitor the flow of drugs by sea, "he argued. Panamanian President said to have established "strict controls introduced money into the country" because "is the most effective way to combat drug trafficking. " reiterated that "security is what we hold most dear and sell abroad," and stressed that in any case "in a country with the economy growing crime and insecurity tends to decline." Martinelli concluded its second visit officer in Spain, which has had a strong entrepreneurial character, which has held meetings, among others, with King Juan Carlos and Spanish Prime Minister Jose Luis Rodriguez Zapatero. Panamanian President met also with more than 40 Spanish businessmen, whom he encouraged to invest in his country and help its government to "change Panama and make a difference."
yes, just to add to jal's comment:
It is Hilarious and Sad , what a Scam ?! here a few tidbits:
Personally I have long since written off my investment in CMR but have been truly staggered by the unprofessional way genuine ordinary shareholders have been treated over the past 3 years by the BoD. Maybe I am alone in that belief. I apologise if that is the case.
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Just was mildly interested why anyone would want to buy shares that were delisted and unlikely to ever relist. And if you made your purchase before our shares were consolidated/diluted (what the eff was that all about?).
It does seem it was this time last year that you were claiming to have all these tete-a-tetes with the CMR directors and encouraging me to do likewise. Haven't seen anything develop since being of tangible material benefit to shareholders. Lots of fundraising, yes. Half-baked asset disposal attempts, yes.....but not much else.
Mind you, it was about this time last year that Burton was writing to everyone planning for an AGM in September 2010, whilst at the same time talking (somewhat misleadingly imho) about the intention to relist CMR shares.
Which do you reckon will list first:-
1) CMR?
2) Gold Mines of Peru?
3) Iberian Gold?
All 3 seem to be currently kicked into the long grass.
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That is funny how people can read the same article and conclude completely different opinion. I see Cambridge as a Scam. They are not the One who is communicating with Spanish government, producing Technical Report, promoting PTQ to new investors... I think PTQ got the ball rolling.
Cambridge? - they want to sell you a bond to build ....Brooklyn bridge? ..- Right.
Welcome aboard 616 (sounds like a truck ;0)). I don’t worry about Law 8 ; it will pass when everyone is back from vacation. But even without it PTQ and Minera are guarantee to operate. People on both side of the isle know exactly where money are coming from.
Promotion is already started, as I posted before… first it will be introduce to Spain's Big money and only then to a retail investor... enjoy staying under radar for a while.
VB
Excellent job Loj, thanks. Cambridge is running a Scam.
Spain. (EFE). The president of Panama, Ricardo Martinelli, said here Monday in Madrid that his country will "meeting of Latin American economies," which will begin to feel the changes will bring about the expansion of the Canal from 2014. The president opened today with the Spanish Minister of Public Works (infrastructure), Jose Blanco, an international seminar focused on the Panama Canal. Martinelli today begins a three-day official visit to Spain of a sharp economic. In the opening ceremony, Minister Spanish Development have highlighted the importance of the Panama Canal after its enlargement "for the global maritime traffic" and "shaping the world of the XXI century." Martinelli said that Panama is "a great little country" with an "economy small but strong growth in "this year will increase by 10%, and virtually no unemployment and a fiscal deficit below 2%. In this economic context, the government of Panama has undertaken a strategic plan with substantial investments in infrastructure, he said. Sacyr and Construction Spanish and FCC are awarded in different projects like the Canal expansion, construction of the waterway and the metro in the capital. Therefore, the Minister of Development of Spain said he was "proud" that Spanish companies involved in major works of Panama and are rated among the top seven in the world. He gave the example of Spain, in the last 20 years "has revamped its transportation system," to have 14 000 km roads and 2 000 700 km high speed rail. ... ...
Spain is in a bad shape, but you know there are plenty investors on both continents looking to put money to work.
Thanks gabs. You know – we are having two consecutive days of good news , a lot of promise, positive guidance and this board (except Loj and Jal) is dead.
A few days ago scientist made a minor discovery about correlation between male middle finger and ring finger to other sexual part of male autonomy .
I will extend this to say : if you cannot get excited about our latest news – I don’t think you can get excited about any female geography.
Cheers.
Ok , here it is :
00 pm - PANAMA (ACAN-EFE) .- The president of Panama, Ricardo Martinelli, visit Spain next week in order to encourage employers and Spanish investors to help develop his country as a logistics platform in America according to the Panamanian Minister of Commerce and Industry, Roberto Henriquez. "Obviously we are making great progress" in making Panama the "logistics platform in this hemisphere," but we want the "big business representatives" Spanish join this objective, Henriquez said in an interview with Efe. Martinelli, accompanied by Henriquez and foreign ministers, Juan Carlos Varela, and Public Works, Federico Suarez, held on Monday and next Tuesday an official visit to Spain, where he will meet with King Juan Carlos and the Prime Minister, José Luis Rodríguez Zapatero, among others. On Tuesday, the highlight of the visit will be the forum "Panama Invest 2011", which will bring together some 250 entrepreneurs and investors in the Spanish and participating Martinelli and accompanying ministers to encourage them to invest in the country. More than the Panamanian market, "we recognize is small," offered "mainly take advantage of all that Panama has a level of connectivity and integration to from here, to access other markets in the hemisphere," said the minister, who will meet in Madrid with his Spanish counterpart, Miguel Sebastian. Panama is "a comprehensive and well planned ranging from the expansion of our ports, construction of a road network, expansion of the hub (hub) air and all that that entails, in addition to (signed) trade agreements that open markets have continued "to make the country" catapult "the rest of the region, he added. Another important component, he explained, is the Colon Free Zone, considered the largest in Latin America and the second in the world after Hong Kong, "which continues to grow and last year closed with a commercial movement of 24 billion dollars" . The minister said that managers hold meetings with the finance, ports, power and trade, among others, to "attract more Spanish capital to come to Panama" and increase investment in this country, "which is already coming and is coming very well. " He referred to the participation of Spanish companies, as Sacyr Vallehermoso and Fomento de Construcciones y Contratas in large projects in Panama, the Canal expansion and construction of the Metro, but said other sectors such as tourism, water treatment, the power generation and mining investment opportunities available. The minister expressed his conviction, moreover, that the treaty to avoid double taxation between Panama and Spain, which takes effect on 25, will encourage Spanish investment, and output lists of tax havens by the OECD, something who managed this week after the signing of a dozen such agreements. Regarding mining, an activity that has generated controversy in Panama because of opposition from some sectors, Henriquez said "open" to foreign investment. "We have a law in which we pledged not to develop mining projects in the Indian region, but we have now two metal mining projects successfully operating in areas outside the region, and we will honor those commitments," the minister said. "Not that Panama has not given up to mining," he said. Regarding the association agreement with Central America Panama signed with the EU, Henriquez said its ratification "is slow, because it is a process that involves many countries." "We're supposed to in the final stage of the legal review" prior to approval by parliament, said. "It's a process that I do not see it completed before two years (...) that is the normal rate of a process that involves many players," added the minister, who said he was confident that the agreement will stimulate trade and investment.
Can you see The Light now ?
Original text:
2:00 pm - PANAMÁ (ACAN-EFE).- El presidente de Panamá, Ricardo Martinelli, visita la próxima semana España con el objetivo de animar a los empresarios e inversores españoles a que contribuyan a desarrollar a su país como plataforma logística de América, según el ministro panameño de Comercio e Industrias, Roberto Henríquez. "Es obvio que estamos avanzando mucho" en hacer de Panamá la "plataforma logística de este hemisferio", pero queremos que los "grandes representantes empresariales" españoles se sumen a este objetivo, dijo Henríquez en una entrevista con Acan-Efe . Martinelli, acompañado por Henríquez y por los ministros de Exteriores, Juan Carlos Varela, y de Obras Públicas, Federico Suárez, llevará a cabo el lunes y martes próximo una visita oficial a España, en la que se reunirá con el Rey Juan Carlos y con el presidente del Gobierno, José Luis Rodríguez Zapatero, entre otros. El martes, el plato fuerte de la visita será la celebración del foro "Panamá Invest 2011", que reunirá a unos 250 empresarios e inversores españoles y en el que participarán Martinelli y los ministros que lo acompañan para animarles a invertir en el país. Más que el mercado panameño, "que reconocemos es pequeño", se les ofrece "principalmente aprovechar todo lo que Panamá ha hecho a nivel de conectividad e integración, para desde aquí, poder acceder a otros mercados del hemisferio", dijo el ministro, que se reunirá en Madrid con su colega español, Miguel Sebastián. Panamá tiene "una estrategia integral y muy bien planeada que va desde la ampliación de nuestros puertos, la construcción de una red vial, la ampliación del hub (centro de distribución) aéreo y todo lo que eso conlleva, además de (la firma de) tratados comerciales que han seguido abriendo mercados" para convertir al paÍs en "catapulta" al resto de la región, agregó. Otro componente importante, explicó, es la zona libre de Colón, considerada la mayor de Latinoamérica y la segunda del mundo después de Hong Kong, "que no para de crecer y el año pasado cerró con un movimiento comercial de 24 mil millones de dólares". El ministro informó de que mantendrán encuentros con directivos de los sectores financiero, portuario, alimentación y comercial, entre otros, a fin de "interesar a más capital español para que venga a Panamá" y aumente la inversión de este país, "que ya está viniendo y está viniendo muy bien". Se refirió a la participación de empresas españolas, como Sacyr Vallehermoso y Fomento de Construcciones y Contratas en grandes obras en Panamá, como la ampliación del Canal y la construcción del Metro, pero dijo que otros sectores como el turismo, el tratamiento de aguas, la generación de energía o la minería ofrecen oportunidades de inversión. El ministro expresó su convencimiento, además, de que el tratado para evitar la doble imposición entre Panamá y España, que entra en vigor el dÍa 25, estimulará la inversión española, así como la salida de las listas de paraÍsos fiscales de la OCDE, algo que logró esta semana tras la firma de una docena de acuerdos de ese tipo. Respecto a la minería, una actividad que ha generado polémica en Panamá por la oposición de algunos sectores, Henríquez aseguró que "está abierta" a la inversión extranjera. "Nosotros tenemos una ley en la que nos comprometimos a no desarrollar proyectos mineros en la comarca indígena, pero tenemos en estos momentos dos proyectos de minerÍa metálica funcionando con éxito en áreas que están fuera de la comarca, y vamos a cumplir esos compromisos", dijo el ministro. "No es que Panamá haya renunciado tampoco a la minería", agregó. Respecto al acuerdo de asociación que Panamá firmó junto a Centroamérica con la UE, Henríquez dijo que su ratificación "va lenta, porque es un proceso que involucra a muchos paÍses". "Se supone que estamos en la etapa final de la revisión legal" previa a la aprobación por parte de los parlamentos, dijo. "Es un proceso que yo no lo veo concluir antes de dos años (...) ese es el ritmo normal de un proceso que involucra a tantos actores", agregó el ministro, que se mostró confiado en que el acuerdo estimulará el comercio y la inversión.
Contribute a better translation
Contribute a better translation
On the Light Side :
Original text:
11:01 a.m. - El presidente de la República afirmó hoy vía Twitter que el "Comité de Finanzas del Senado estadounidense, anunció la ratificación del Tratado de Libre Comercio con nuestro país”. El mandatario no hizo otros comentarios sobre este tema a través de su cuenta en la red social. El comité de Finanzas del Senado recomendó ayer, jueves, ratificar el Tratado de Promoción Comercial (TPC) entre Estados Unidos y Panamá, Colombia y Corea del Sur. Al respecto, Martinelli expresó anoche -a través de un comunicado de prensa- su complacencia por el positivo respaldo anunciado por el Comité de Finanzas del Senado estadounidense. “Nos complace que la aprobación estadounidense para este acuerdo comercial esté avanzando y nos gratifica que muchos líderes estadounidenses y miembros del Congreso hablaron y votaron a favor de fortalecer la relación económica entre nuestros dos países”, dijo el mandatario panameño. Más información mañana en La Prensa
Jal, come to the Light side .
ha-ha, who is that good looking dude riding a Java ?
Interesting, I guess investing community is not aware of this publication yet.
Lo, sorry for being a bit curt this morning. Jal kind of puts me on the defense.
For your information, while you were on vacation he got in a heated debate with my Friend on SH.
Jal , I wish you would not quit - it was a bit sharp but very entertaining.
Hey, we are going to make a bunch of money, so
"Can we all get along ? "
Lo, according to that site - I am the only buyer...hmm
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market. "
Jal, I always respect your ultra-conservative and sometimes ill-inform opinion and never call you " names".
Everyone on this board reading my posts for last two years knows that I am "long ".
Lo, I don't know what you are looking at. The Guidance is very clear:
2013 Production from Molejon 152K oz.
L. and P. 163 K oz.
Total = 324 K oz. Total Revenue: 324 mil
We will be 300 K oz. producer in 2013. Check your numbers , boys.
I say: WOW! WOW ! WOW!.
So ,by the end of 2012 you will be looking at 300 K oz. producer , 300 mil. Dollars revenue. Even with conservative approach they will be 250 x 250.
If Mjk was around he would say :" I Told you so !!!"
Yes, it will be very interesting ; I made my prediction about SP this morning .
I don’t think majority of retail stock holders saw this report yet, but it will be out soon.
If I was a shorty – I would be buying fast, real fast.
Thanks rodriguez and Mante.
Can someone post it in the proper format , please ?
If you notice our sizeable short position can help us to move quickly if we can generate some action in August.
Interesting read :
"The elections in Peru of Humala, an avowed radical socialist, is an ongoing development of great significance for precious metals and mining investors. It is not an event that has gone unnoticed by experienced speculators. Mining investors (GDX) worldwide are watching July 28th when the new regime takes control. So far in 2011 investors have sold off mining assets in Peru and buying the underlying metal.
What we are witnessing is no less than the ongoing sophistication of the third world. Peru is only the latest development in this continuum. “Nationalistas” are raising the ante around the negotiating tables, Chavez in Venezuela, Morales in Bolivia and Lula's successor and protégée, Dilma Rousseff in Brazil. One can not help but wonder who is next? Mining investors are increasingly aware of civil unrest and geopolitical uncertainty.
Recently they have been favoring holding the underlying metal, causing a major divergence. There may be a reversion to the mean where high quality projects in mining friendly jurisdictions receive a premium. We must not forget that Peru was lately regarded as a mining haven and a model exemplar for foreign investment with such mining giants as Southern Copper (SCCO) and Buenaventura(BVN). Unfortunately 2011 has not been kind to investors in Peruvian equities as Humala is an unknown and his election has significantly weakened Peruvian.
Obscure colonels are becoming skilled croupiers as they get voted in to represent their nations. Even the Saudis are granting pay raises and benefits to pacify an increasingly aware population. Smart phones are creating smarter masses who are voting for different dealers who they hope will represent them more effectively than the dealers they have had up to now.
There is a phrase in Spanish for this electorate. It is “Los Resentimendidos” which translates into “the ones who resent” in what they consider a more equitable cut of the pie. Make no mistake we are witnessing a revolution that can not but help to affect investments in Gold and silver miners(SIL). Just as the invention of the Gutenberg Printing Press helped to contribute to the Industrial Revolution, so we are in the midst of the digital transformation of society.
Simply put nations are increasingly demanding a greater share of the jackpots of Gold (GLD) and Silver (SLV). The internet is their university and what they see is acting as their Cliff Notes in a game of oneupmanship. The price of profits is eternal vigilance. This new era will require examination of where we invest our monies. It will become increasingly important to consider investing in friendly jurisdictions that are amenable to reasonable negotiations.
Mining stocks are beginning to emerge from a severe selloff starting in April. No doubt technical damage was inflicted. The recent correction was the most severe downturn in the past two years and had all of the earmarks of a classic panic as it momentarily broke 2011 lows.
We are in the greatest gold bull market since the 1970’s. Gold is up almost 500% over the last ten years. We went through an uncomfortable and painful short term correction in what has always been a volatile arena, add to this the summer doldrums, global unrest, economic uncertainty from the withdrawal from QE2 and the possible advent of QE3.
All of these imponderables add up to confuse and discourage investors. The markets have always done this in an attempt to create the transfer of wealth from weak hands to strong hands. This is the very essence of market place dynamics.
Mining stocks in mining friendly jurisdictions are regaining their technical strength. There is a divergence between the price of mining stock equities and its underlying assets in all sectors that we follow gold(GLD), silver(SLV), rare earths(REMX) and uranium(URA). However, to every action there is an equal and opposite reaction. The bounce could well be as frenetic on the rise as it has been panic ridden on the decline.
Start getting excited for the second half of 2011."
Or you can save your money by vacationing in Carolina and in 3 years your $14K will turn into 45K+ , conservatively speaking..
almost 800K shares were traded, good time to pick a few, wonder if management were the buyers today.
Not exactly 1K profit - we still have other expenses as exploration, acquisition , DB loan, but who is complaining?
Yes 2012 will be and should be outstanding year for us : from production to Iberian resources, to PDI spin-off.
And then 2013-14 Minera comes alive - more contracts, more production from IR. Do you think we have to worry then about our share price? I don't think so. That is why today , I find myself wishing SP would linger a bit longer below $1 , just for a few month ... for obvious reasons.. once we take-off then no looking back and you all wish having summer jobs , buying more shares for $ .70 in 2011, thinking back : that was a good year.
good read:
We are now nearing an all-time low in equity valuations in the precious metal space," Canaccord Genuity analysts Wendell Zerb and Nicholas Campbell wrote in a research note.
"The senior/intermediate gold producers are trading at an average multiple of 0.85 times price to net asset value, and the junior producers are trading at 0.72 times. This is a lower average P/NAV level than the market collapse of late 2008."
The reason: Investors are cagey about committing capital in uncertain times.
"The junior mining sector does best during times of stability, when profits are high; bellies are full and capital searches out excess return," the analysts pointed out. "There have certainly been country-specific political developments that have weighed on specific equities, and the macroeconomic environment is rife with issues that continue to shake investor confidence."
These issues are widespread and unlikely to be resolved in the short term, they said.
"However, as high gold and silver prices improve the margins of operating miners and balance sheets begin to grow, investors should begin to gravitate towards the juniors. Larger cap companies should begin to reinvest growing cash reserves into new production through M&A, and improved potential returns in the current commodity environment should begin to attract investors into the small-cap mining space."
What's an investor to do? Look for companies with strong, proven management teams, robust balance sheets to drill, explore, and advance projects, and high-quality projects that are likely to attract new capital -- and maybe even an acquisition bid from a larger producer, Mr. Zerb and Mr. Campbell say.