Gold trader
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Hello and thank you for your enquiry.
Your frustrations with the market and AUMN share performance are shared by all of us. We will continue to look for ways to reassure investors. Please understand first off that we have no material information that has not been released. However, we will challenge ourselves to find ways to better communicate. For example, this may include more frequent updates on the status of operational improvements at Valerdeña. We have just this morning released information about the updated resource update for Valerdeña, and we expect that resource estimate to be followed by an economic assessment, which of course will be communicated to investors straightaway.
Golden remains 100%-focused on executing our business plan: increasing production at Velardeña, strategically monetizing portions of our large exploration portfolio, and seeking to become self-funding as a company -- all of which will ultimately benefit our shareholders. As such, the best use for our cash is at Velardeña, where it will enable us to increase production, increase revenue and profitability, and thus ultimately become self-funding as a company. It would not, therefore, make sense to buy our stock back or pay a dividend, as these are short term measures that would compromise our longer term growth by eating cash.
As mentioned, we have announced plans to monetize our portfolio of over 80 exploration properties where deal terms are attractive. This should bring cash into the company. We have also mentioned the possibility of seeking a JV partner for El Quevar to share the cost of development there.
With regards to Velardeña production, we have exceeded production guidance in the two periods to date in which we have owned the property. We hired a customs expediter back at the end of 2011 to help us with moving the equipment from El Quevar, and we were reassured weekly by Argentine customs that 'next week', the equipment would move. During the first quarter we were able to develop a workaround for the missing equipment and as noted, we exceeded our production forecast. Only when it became evident that second through fourth quarters would be negatively impacted did we issue a revised forecast, and then we did so straightaway. Had we been told in December 2011 that it would take six months for the equipment to arrive in Mexico, we would have adjusted 2012 plans then and communicated them accordingly.
With regard to your question, the gentleman who is most closely involved with the customs expediter is in our Mexico operations at the moment. I have emailed him to ask for an update on the status of the equipment. When I hear back from him, I will let you know. If he is underground today, I may not hear back from him until the weekend.
Thank you for your support of Golden Minerals.
Golden Minerals Investor Relations
NEWS !!!
Hello and thank you for your enquiry.
Your frustrations with the market and AUMN share performance are shared by all of us. We will continue to look for ways to reassure investors. Please understand first off that we have no material information that has not been released. However, we will challenge ourselves to find ways to better communicate. For example, this may include more frequent updates on the status of operational improvements at Valerdeña. We have just this morning released information about the updated resource update for Valerdeña, and we expect that resource estimate to be followed by an economic assessment, which of course will be communicated to investors straightaway.
Golden remains 100%-focused on executing our business plan: increasing production at Velardeña, strategically monetizing portions of our large exploration portfolio, and seeking to become self-funding as a company -- all of which will ultimately benefit our shareholders. As such, the best use for our cash is at Velardeña, where it will enable us to increase production, increase revenue and profitability, and thus ultimately become self-funding as a company. It would not, therefore, make sense to buy our stock back or pay a dividend, as these are short term measures that would compromise our longer term growth by eating cash.
As mentioned, we have announced plans to monetize our portfolio of over 80 exploration properties where deal terms are attractive. This should bring cash into the company. We have also mentioned the possibility of seeking a JV partner for El Quevar to share the cost of development there.
With regards to Velardeña production, we have exceeded production guidance in the two periods to date in which we have owned the property. We hired a customs expediter back at the end of 2011 to help us with moving the equipment from El Quevar, and we were reassured weekly by Argentine customs that 'next week', the equipment would move. During the first quarter we were able to develop a workaround for the missing equipment and as noted, we exceeded our production forecast. Only when it became evident that second through fourth quarters would be negatively impacted did we issue a revised forecast, and then we did so straightaway. Had we been told in December 2011 that it would take six months for the equipment to arrive in Mexico, we would have adjusted 2012 plans then and communicated them accordingly.
With regard to your question, the gentleman who is most closely involved with the customs expediter is in our Mexico operations at the moment. I have emailed him to ask for an update on the status of the equipment. When I hear back from him, I will let you know. If he is underground today, I may not hear back from him until the weekend.
Thank you for your support of Golden Minerals.
Golden Minerals Investor Relations
Despite once calling gold the “ultimate bubble,” George Soros’ hedge fund nearly quadrupled its exposure to the SPDR Gold Trust from 85,450 shares in the fourth-quarter to 319,550 shares in the first-quarter. Soros Fund Management also opened a new position through call options in Newmont Mining (NYSE:NEM), one of the world’s largest gold producers.
Despite once calling gold the “ultimate bubble,” George Soros’ hedge fund nearly quadrupled its exposure to the SPDR Gold Trust from 85,450 shares in the fourth-quarter to 319,550 shares in the first-quarter. Soros Fund Management also opened a new position through call options in Newmont Mining (NYSE:NEM), one of the world’s largest gold producers.
Despite once calling gold the “ultimate bubble,” George Soros’ hedge fund nearly quadrupled its exposure to the SPDR Gold Trust from 85,450 shares in the fourth-quarter to 319,550 shares in the first-quarter. Soros Fund Management also opened a new position through call options in Newmont Mining (NYSE:NEM), one of the world’s largest gold producers.
Look at page 22 to 24
It's insane !!
I know you don't give credit to fundamentals, but this is too mutch
http://www.goldenminerals.com/pdfs/GLDN_InvestorKit/Golden-Minerals-Corp-Present-April-2012.pdf
Very disturbing.....
This is insane completely insane....
Who buy here will have a 10 bagger in 24 month (Minimum)
134M$ for this !!!! ARE WE NUTS IN THIS WORLD ??????
http://www.goldenminerals.com/pdfs/GLDN_InvestorKit/Golden-Minerals-Corp-Present-April-2012.pdf
134M$ for this !!!! ARE WE NUTS IN THIS WORLD ??????
http://www.goldenminerals.com/pdfs/GLDN_InvestorKit/Golden-Minerals-Corp-Present-April-2012.pdf
SILVER GREEN, ALL MINERS GREEN
AND THE BIGGEST BARGAIN (AUMN) IS RED, SWIMMING IN A BIG BLOODBATH.
YOU UNDERSTAND ? I CAN'T !!!!!
SILVER GREEN, ALL MINERS GREEN
AND THE BIGGEST BARGAIN (AUMN) IS RED, SWIMMING IN A BIG BLOODBATH.
YOU UNDERSTAND ? I CAN'T !!!!!
SILVER GREEN, ALL MINERS GREEN
AND THE BIGGEST BARGAIN (AUMN) IS RED, SWIMMING IN A BIG BLOODBATH.
YOU UNDERSTAND ? I CAN'T !!!!!
SILVER GREEN, ALL MINERS GREEN
AND THE BIGGEST BARGAIN (AUMN) IS RED, SWIMMING IN A BIG BLOODBATH.
YOU UNDERSTAND ? I CAN'T !!!!!
This sell-off in the miners has become silly. One particular stock AUMN (which acquired ECU Silver) is now selling at a little over 20 cents per old ECU-equivalent share. At one time in 2007, ECU was over $3.30/share. This valuation implies that AUMN's silver in ground is valued at 30 cents/ounce. That is retarded. A couple years ago silver miners were selling for $1/oz in the ground. The price of silver is higher now and margins have exploded.
This sell-off in the miners has become silly. One particular stock AUMN (which acquired ECU Silver) is now selling at a little over 20 cents per old ECU-equivalent share. At one time in 2007, ECU was over $3.30/share. This valuation implies that AUMN's silver in ground is valued at 30 cents/ounce. That is retarded. A couple years ago silver miners were selling for $1/oz in the ground. The price of silver is higher now and margins have exploded.
May 14 (Reuters) - Timberline Resources Corp :
* Files shelf for offer up to $30 million in stock and warrants
% Owned by Insiders
51.34%
% Owned by Institutions
24.90%
Short Interest (Shares Short)
3,258,500
JAG CAPITULATION, SHOULD WE JUMP IN ?
JAG CRUUUUUUSHED BIG TIME !!!!
CHART SAY 2$ For this...
2010 low
All the miners are swimming in a big blood bath..
CGR, full of cash, already producing, growing fast = 0.77$
PAIN !!!!
MEGA DUMP !!!
AAU, AUMN, MUX, MDW, XG.....
DESTROYED !!!!!!
Financial Results
Total revenue for the first quarter ended March 31, 2012 was $13.6 million compared with $7.7 million in the first quarter of 2011. First quarter GAAP net loss attributable to Solazyme, Inc. common stockholders was $16.8 million, which compares with net loss attributable to common stockholders of $7.3 million in the prior year period. On a non-GAAP basis, the net loss attributable to Solazyme, Inc. common stockholders was $12.8 million for the first quarter of 2012, compared with net loss attributable to common stockholders of $5.6 million in the prior year quarter. A reconciliation of GAAP to non-GAAP results is included below.
“We have a strong balance sheet with approximately $219 million in cash, cash equivalents and marketable securities, our partnerships continue to advance, and we are well positioned to continue commercializing our technology,” said Tyler Painter, CFO of Solazyme.
Recent Business Highlights
Solazyme and Bunge form Joint Venture (JV) for commercial-scale renewable oil production facility in Brazil. The JV, Solazyme Bunge Renewable Oils, will have an expected annual production capacity of 100,000 metric tons of oil. It will utilize Solazyme’s renewable tailored oil production technology, coupled with Bunge’s sugarcane supply and processing capabilities, to produce sustainable tailored triglyceride oils for use in oleochemical and fuel applications.
Signed Contingent Offtake Agreement and Phase 2 Joint Development Agreement (JDA) with The Dow Chemical Company for tailored bio-based dielectric fluids. The Contingent Offtake Agreement requires Dow to purchase all of its microbe-based oils for use in dielectric fluid applications from Solazyme. Final pricing for the oils will be linked to certain items including Solazyme’s sugar-based feedstock costs. We anticipate that the multi-year JDA will accelerate the commercialization of Solazyme’s base oils for dielectric insulating fluids for transformers and other electrical applications. We expect Solazyme’s algal oils will provide higher flash points and increased functionality in dielectric insulating fluids for transformers and other electrical applications.
Solazyme’s Algenist® average monthly revenues year to date 2012 doubled as compared to average monthly revenues in 2011.
Partnered with Volkswagen to evaluate emissions reductions and demonstrate the performance of Clean Diesel technology when powered by advanced renewable diesel. This 12-month evaluation period of SoladieselRD® in Volkswagen vehicles is an important step in demonstrating the drop-in capability of our fuels.
First ever operational deployment of advanced biofuels by the Department of Defense uses Soladiesel®HRD-76 on USS Ford Frigate voyage. The ship successfully journeyed from its homeport in Everett, WA to San Diego, CA using Soladiesel®HRD-76, Solazyme’s 100% algal derived renewable marine diesel fuel. The voyage was fueled using 95,000 liters of a 50/50 blend using Soladiesel® and petroleum F-76 in the ship’s LM 2500 diesel turbines.
from the 10Q:
We anticipate that the completion of our development priorities, up to the commencement of production, from the Butte Highlands Gold Project will require approximately $10 to $15 million in capital expenditures. We expect to fund this pre-production development through a combination of equity and/or debt financing.
So now we finally know what TLR needs!
BLEEDING LIKE PIGS !!!
500M silver/ounce for 200M$
Silver sub 30$
The Company is continuing engineering studies of a number of alternatives for a possible phased expansion of production at the Velardeña Operations, in place of the 1,300 tonne per day expansion still under review. The Company currently expects costs in the range of approximately $20 million for the 1,300 tonne per day alternative. The timing of a potential expansion is subject to the availability of funding.
PPP STRONG !!!!
Blood in the street....
XG, TC, SZYM, GTAT.....
All are great company.
Who really knows what's going on.....
Big dump in the market coming ?
Sell in May.....
Bleeding hard...Who know why ?????
Where is the bottom for XG ?
This is insane...
Argentina ok, but not complete bust.....
Very high grade (9 years 250K once/year, cash cost 300-450)