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They're pushing the bars because they're practically all out of coins. They've been out of regular US Silver Eagles for at least a week now.
I'm thinking I'm going to pick up some Canadian Silver Maple Leafs soon. Would like to see them get to $26/oz.
Actually, you can buy Silver Maple Leafs for cheaper on Ebay than at Silvertowne.
Today's price looks manipulated so someone could buy-in without driving the price up.
Because there are restrictions on what they can do during the first 2 years after BK emergence. They can't go buying GE Capital or Dell. They have to buy something of similar value. Another 8 months and the gloves come off.
Hey Lou, glad to see things working out here for RANF. Never heard back from Scottrade on the O/S question but it's not an issue any more so upwards and onwards.
Let's have some fun here!
TP
Good call Pro-Life, I see that too.
...and they're doing it for no extra cost. 1 more week then all data will be acquired. No biggie to me.
I bought my first 1/2 oz gold piece yesterday...dumb friggin timing. lol
But I did get 2 brand new Silver Eagles for my parents anniversary next week.
Out of curiosity, did you buy your 105 oz in 5 oz bars from SilverTowne?
BMRC = $39.50 at last closing price. Market Cap = $215 Million with 5.4M O/S. Analyst ratings are positive.
Seems to be a small bank with 17 offices concentrated in California. Caters to Retail/Commercial business loans and real estate.
Sounds like a good first acquisition. If WMIH could put together a few of these over the next 12 months I'd be pretty happy.
Let's see if it's true or not...GLTA
My biggest issue with today's PR is that they said they might straight-up buy some of the studios they identified as strong candidates. Ok, so where are they coming up with the money to buy these studios? I can think of one source we all mention on a daily basis. Might be plenty of other $ sources (as they mentioned), but I just want them to be straight up with the shareholders. If we're going to fund these purchases then I'd like to know about it. And if the deal is right I'll be fine with that. (of course, I'm talking about the "D" word.)
TP
You can't have much dilution if there are no buyers lined up for the new shares. Not endorsing (nor denying) the dilution theory, but without buyers the new shares can't enter the market.
Too much doubt here for new shareholders to get excited over these PRs.
Until this company makes "Current" status, it will wallow.
Thanks for the answers, out loud Lou.
TP
I forget, is there a share buyback underway here? Is that what could be happening at the bid? Also, what if they didn't announce a share buyback plan but are doing that anyway? Would it matter since they're not "Current" anyhow? Not sure if non-current companies have to announce a share buyback plan.
Just thinking out loud...
Yeah, that's probably what it takes. I'd do it here but I'm travelling all week for work and I don't want to do while at a customer site.
Maybe Friday I can take care of it.
FWIW, I never heard back from my broker when I asked them to get an updated O/S for RANF. Scotturd...of course.
TP
LOL, agree with all. Have a good one Lou. :)
No problem Lou. Just want to try to get some info so we can all come to a conclusion based on fact. Like Chiefwiggim24 said, these may just be part of the 25M shares that were sorta laying around, not really an expansion of the OS at all.
I don't know if this is dilution or not, but I personally don't like the fact that the Accum/Dist line on any RANF chart over the past month or so has been pinned to the bottom. Seems strange with all the action on the Ask during that same time period. Shares should be getting sucked up and the float tightened. Also don't like the delay in getting the company "Current". That said, it doesn't absolutely mean there's dilution. And even if there is dilution I'd be ok with it as long as the company uses the money to expand their business and execute their business plan. However, if that were the case (a big hypothetical if) then I'd expect the company to just be honest and transparent about it.
Hopefully it's just those extra shares and MM games.
Best,
TP
I'm trying to put this discussion to rest. I just called the T/A and he said he can't give out this information to me, but said he would give the information to my broker. Ergo, I just contacted my broker and asked them to contact the RANF T/A as the data on my broker's website was older than the current number 817 million (OS).
So when I hear back from my broker I will post their findings to the board.
Fair enough for everyone? You can also contact your own brokers to verify. Probably better if we had a couple people do this.
TIA
Haha, they're dropping this on tiny volume...obvious manipulation, don't fall for it!
Agreed. Why/how could they cancel commons now? Especially with so many Hedge Funds holding big positions in this?
If anything, we're witnessing some manipulation to keep this below $1 to give the 'tutes more time to accumulate shares.
Ask Slappage! Now that we're above $1 the gloves come off and a lot more institutions can buy into this.
Ladies and Gents: $1.00
They can't hold it down anymore, the float has dried up.
Where was that website that showed us ownership of shares by Funds and Institutions?
TIA
LG, I agree with your basic premise in regards to $25, but with all the negative Noise here lately, I felt that the chart needed to be posted so folks can see that we are moving in the right direction, albeit a long ways off from where we really want it to be.
There's nothing wrong with staying positive on the current action. As a matter of fact, I think the price is still being held down (see huge accumulation lately) so some hedgies or the like can get positions while the pps is low.
PS - Just watched "Wall Street" again Tues night. It reminds you how much these guys on the inside talk to each other.
"Blue Horseshoe loves Anacott Steel"
Big volume going thru but MMs holding price back. Probably a Hedge Fund taking a position, or adding to it. Gotta love the manipulators...
The manipulation is disgusting. I guess we should see it as a gift. I'm looking for them to touch ~$18.50 before it bounces up on a run.
The Ask just jumped to .79, FWIW. Getting interesting here. Wonder if a Hedge fund or Mutual fund is taking a position today?
Yes, hell of a good deal! Just got confirmation yesterday that they shipped my bars. Placed order on April 13th...
It's 80% better than no ZTEM at all. I'll give Briscoe this, he knows geology and Hay Mountain has been his backyard for decades. I don't think he needs absolute pinpoint precision to drill. If I remember correctly this is a Copper Halo Poryphorre so the general boundaries should be enough to place drills. The ore specie should be plenty identifiable as well.
JMHO
All good points. I guess my frustration level has been rising for some time. I just want him to focus on 1 asset and bring value to market. He needs to totally focus on the lowest hanging fruit to bring money into his company so he can then self-finance other projects. I think (hope) Hay Mountain is that asset.
If Briscoe hadn't wasted precious $$ on drilling a hole in Alaska last year money wouldn't be an issue in Arizona. All of his focus must remain in Arizona until they prove out a reserve and get a partner or JV. imo
Silvertowne is one hell of a good deal when you compare what people are asking for the same bars on ebay:
http://www.ebay.com/sch/Silver-/39487/i.html?finderType=sb&Shape=Bar&_from=R40&_dmpt=Bullion_US&_nkw=Silver&Weight=5%2520oz
I guess we could be buying the silvertowne bars then turning around and selling them for a quick 10%+ on ebay, but I'll hold mine for bigger gains.
Thanks for sharing, I had no idea it was taking this long to receive them. Guess I have at least another week before I see them arrive. Will check prices this morning. Spot price pulled back a little overnight but surging again with the NYMEX opening this morning.
Yeah the premium spreads have been huge, but still people were buying them up. I bought a couple 5oz bars from Silvertowne 5 days ago, haven't received them yet though. Hoping they show up tomorrow.
Intra-day spot price is picking up nicely today!
Looking good! But Scotturd not updating B x A or volume...figures.
Cool, thanks for the info. eom
Don't know the Canadian Antelope. Are they .999 Pur Silver?