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Today or tomorrow. I'm smelling some volume in the air!
AK
That's my thinking. Still a month and a half until financials, so they'll want to start moving the market a bit. Also Casa Berardi and San Sebastian have returned to production. Nice performance packages announced. They have some targets to hit!!
AK
Interesting observance. I'm game, say at $7 would work!
AK
About a million short shares bought back long today. Monday could be VERY interesting.
AK
Good morning, drobx. The shares are owned by Hecla's Canadian subsidiary, Hecla Canada, so it's reported by and to Canadian investors, not U.S.
AK
Anybody home?
http://ir.hecla-mining.com/file/Index?KeyFile=404292398
AK
Irony, notice the change in shorts? Guess they're finally getting the message!!
AK
The House did. Non-starter in the Senate. Won't go anywhere.
AK
Congrats, Cork!! #4 Breakout Board right now. Woohoo!!
AK
Tru dat. Another awesome trading day yesterday. Ready for whatever Monday brings. I think the gold/silver ratio will continue to edge down, meaning one of two things will happen. :) And NJMC looks to be a very interesting play indeed. Thanks for the lead!
AK
I'm smiling. Ran the gauntlet again today from 2.47 to 2.65. Shorts dropped off a little today and San Sebastian should be reopening June 1. All good news, thanks!
AK
Totally agree, Irony. Been trading well for the last two weeks, but looks like a larger move up could be in the future! Was a disappointing Q1 for sure.
AK
Casa Berardi was scheduled to open today, shorts went down 1/2 million shares and 1st qtr financials on Thursday. Could be an interesting week!
AK
Tidbits from NJMC site:
To help with our increased exploration activity, the Company is pleased to welcome Rebecca Goddard to the team. Ms. Goddard has over 30 years of experience in exploration, development, and mining geology – specializing in diverse geological settings for a variety of commodities such as gold, silver, lead, zinc, platinum, rare earth elements and uranium. Becky has worked as a senior exploration geologist for Echo Bay Exploration in Nevada, Mexico, and Honduras; a development geologist at Stillwater’s platinum operations; was a member of Placer Dome’s discovery team at Cortez Hills in Nevada; explored for uranium deposits in Canada, Australia, Wyoming and Texas for Cameco; and served as Hecla’s Exploration Superintendent at the Greens Creek Mine in Alaska.
NJMC’s VP of Exploration, Rob Morgan commented, “This land acquisition strategically connects New Jersey’s east and west holdings and is the culmination of a lengthy three-year base-building process in which we planned for success and consolidated the Murray Gold Belt (MGB). Along with the adjacent NJMC properties, this private land package provides an exclusive and exciting opportunity for gold exploration as it is underlain by favorable host rocks and is bisected by a gold-mineralizing fault. Additionally, our experience permitting, designing, constructing – and operating the New Jersey Mill on a daily basis – leads us to believe this property may contain terrain suitable for future tailings impoundment and/or a new mill for the Golden Chest Mine or other infrastructure related to mineral processing in the Murray area.” Figure 1 shows land ownership within the Murray Gold Belt; note the large positions held by NJMC and Hecla.
AK
Very interesting. Don't remember hearing of that investment. Getting into a little "streaming" can't hurt, IMO Thanks Irony!!
AK
Likewise, I've been watching it intently the past few days. I'm glad I stayed away after watching the slaughter! SCO would have been a hoot though. I'm still flipping HL until we see some action. Should be preliminary numbers reported in the next week and a half. Good luck!
AK
Once again this week, the only way to make money has been to trade the crap out of it and lower average costs.
AK
Casa Berardi to reopen tomorrow!!
http://ir.hecla-mining.com/file/Index?KeyFile=403609595
AK
They should keep it up! Another two weeks and it'll be all longs!!!
AK
See that big drop in shares short yesterday?
AK
Pray tell. Not seeing anything of import.
AK
Today's complete report:
http://ir.hecla-mining.com/file/Index?KeyFile=403537919
AK
And if all goes well, Quebec will allow miners to go back to work next week and we'll see Casa Berardi reopened. Q1 report in a month.
AK
Yep. Good after hours move as well.
AK
LOL!!!!!! After market 400 at 9.75!!! Someone had a fat finger.
AK
Irony, bonds have been my best performer recently. HL is just a flipping game until we get some clarification on progress at Lucky Friday. Only 5 weeks until Q1 so we'll know soon enough.
AK
Not a good sign! Saw the premarket jump too and was looking forward to it, but spent the afternoon buying more cheapies instead..
AK
Haven't seen it. What's up?
AK
Irony, what did the shorts do today? Gold and Silver up more in aftermarkets! Sucks that Quebec ordered miner shutdown, but should have minor impact on Q1 for the one week. Lord, are the refiners shutting down or what??????
AK
Ironically, I find that quite funny!! Thanks for the chuckle.
AK
Yessir! Silver up 4% more in after hours. Time to grab the reins and tell the horsies to "giddy up"!!!
AK
Haha! I bet you do!
The dollar strength has decimated other currencies around the world. I believe there will be a concerted effort around the world to reverse that.
https://www.kitco.com/news/2020-03-20/Physical-gold-squeezed-further-Royal-Canadian-Mint-shuts-down-production-for-two-weeks.html.
The bullion dealers have stock, they're holding it back or selling it at 100% premiums. There will be mine closures as well.
AK
It's out there, but with minimum 2 week waits and almost 100% premium!! Yes, also watching USO. Tempting.
AK
With no "price discovery" in the paper market, hard to tell at what point the paper buyers will capitulate. But, I do believe it will happen. When they do, and can't find any physical to buy, it's game on. With USLV down 80% this year, I might dabble there as well.
AK
#4 Shaft
The #4 Shaft project, an internal shaft at the Lucky Friday mine, is now operational and expected to provide deeper access in order to increase the mine’s production and operational life. The #4 Shaft Project, a key growth project, reaches 9,600 feet below the surface, and is an important part of Lucky Friday’s future as it provides access to the highest-grade ore in the mine’s 75-year history and should extend the mine life for 20-30 more years.
AK
Not seeing that. Good Q1 coming up and silver bounce imminent. Will know soon on rampup at LF.
AK
HL has been a flipper's paradise for the past two weeks. Still have my core position, but taking advantage of the massive swings on a daily basis.
AK
Maybe this time, their time is up! Who knows?
AK