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owned it since the $2 days and it was Sino Silver which got whacked for insider trading; it stumbled and re-emerged as SDRG. Originally a Dave Morgan reco; his analysis showed the huge potential of their holdings plus it's 'partner' status with the Chinese gov't.. It's coming to life now that China is promoting silver and gold to it's citizens and as it's drill results start coming out. I'm going to hold for more upside, especially if silver runs over $20 next year. Do your DD, as it's a microcap and you're speculating.
i hope you're 1% correct - bravo -
todays price looks like a 50% retrace
we ran from 70 cents to 90 cents, so a 10 cent retracement to around the 80 cents is not uncommon for OTCBB stocks; this thing will be a yo-yo as we climb up, but up we will climb if indeed 'there's oil in them thar (seismic) hills'.
Next generation drill ship
Deep Water Getting Deeper
Where is the future taking us? In the past month, the offshore driller Transocean took delivery of a new ultra-deep-water drilling ship named Discoverer Clear Leader. This sixth-generation drill ship is currently under long-term contract to Chevron.
The new vessel is 835 feet long and 125 feet wide, or about the size of a World War II aircraft carrier. It generates 40 Megawatts of power, enough to light about 40,000 homes. The derrick is 226 feet high. The ship can drill wells in 12,000 feet of water, which is the depth of seafloor where the Titanic sank. The ship can operate and hold its position steady in waves up to 30 feet high.
Clear Leader can drill to a total depth of 40,000 feet, which surpasses the limits of any previous technology. By comparison, almost no airliners fly above 40,000 feet altitude. So imagine flying across the country and looking down at the ground from, say, 36,000 feet. Now imagine you’re on a ship at sea, dangling a drill string that goes farther than that into the earth.
The Clear Leader drill ship expands Chevron’s ability to search for and develop new sources of energy. Chevron is already a world leader in deep-water drilling capabilities. In fact, Chevron holds the current world water-depth drilling record of 10,011 feet, set in the Gulf of Mexico.
not if it goes to $10; just proves you're a man ahead of your time. There's indeed a fine line between faith and foolishness. best to you and all the long sufferers.
From there, the Deepwater Pathfinder will sail to JDZ Block 3
am i reading too much in to this, ie, could Addax/SNP taken out Anadarko?
One Good Well
the wait's almost over for all us looonnngg-timers. But win or lose, as long as we have faith, family, and friends, then we have everything money can't buy. And yes it would be nice to have some $ also! Best to all ERHE-ers.
here's a great reminder from Don Williams
Chinese relaxing foreign investment rules
By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
China made headlines around the world this week when it revealed that its foreign reserves had eclipsed the $2 trillion market for the first time, rising by a record $178 billion in the second quarter – thanks to a flood of “hot money” that flowed into the world’s most promising economy.
But the “hottest” investment money may soon be flowing from China back into the United States – thanks to an accompanying development that didn’t even make the news (let alone headlines) here in this country. This will translate into windfall profits for U.S. investors with holdings in the “right” kinds of companies, and in the long run should bolster the U.S. dollar.
This other, below-the-radar development was China’s decision to relax the rules that guide its company’s overseas investments. In a clear attempt to boost investments beyond its borders, China has changed some of its rules to make it easier for its companies to make foreign investments, and to use foreign financing for those deals.
Why China’s “Hot Money” is Headed Our Way
The new rules – which take effect Aug. 1 – will make it lots simpler for China-based firms to make major investments here in the United States – no small deal at a time when credit and other forms of capital remain scarce. This development is especially bullish for U.S. investors holding stocks in U.S. companies involved in such industries as oil, gold, natural resources and high technology, as well as companies that possess strong global brands, since these are precisely the kinds of companies China-based firms will be on the prowl for.
Once the rules take effect, Chinese companies will no longer have to report foreign currency transactions, or go through China’s central bank. Instead, these firms will be able to buy foreign currencies in whatever market they happen to be operating in, and will even be able to borrow from the banks in those markets as a way of fueling direct overseas expansion. Lastly, China-based firms doing business abroad will no longer have to repatriate assets, meaning they will be able to take their foreign profits and directly reinvest them overseas.
China is making this bold move for a number of reasons. Obviously, Chinese leaders want their country’s economic expansion to continue unabated, and these investments will provide China and its companies with access to leading products, cutting-edge technologies and badly needed natural resources – much of it at bargain prices, since many of the top target markets are mired in recession.
But a key incentive for these liberalized rules has to do with China’s aforementioned foreign currency reserves, an estimated 70% of which are held in dollars or dollar-denominated assets. By allowing its companies to make direct investments, and by no longer forcing them to repatriate foreign currencies, China believes its dollar-based holdings won’t keep rising at an accelerating rate.
At first blush, that sounds like it would be bad for the greenback. Surprisingly, the reality will be quite the opposite.
Defusing the “Nuclear Option”
For many investors concerned about the outlook for the U.S. dollar, the threat that China will stop buying U.S. Treasuries – or even worse, might “dump” the U.S. government debt – has provided fodder for something known as the “Chinese Nuclear Option.” The basic premise is this: China, fed up with the United States’ spendthrift ways, and overly liberal uses of debt, finally gets fed up with the losses it’s been taking on its U.S. investments and opts to dump both U.S. dollars and U.S. debt – a move that crashes the U.S. economy.
This scenario is a popular one within the conspiracy crowd. The doom-and-boom merchants also seem to like it.
But what these folks don’t understand is this: China can’t stop buying U.S. Treasuries, and can’t cease to accumulate U.S. greenbacks – even if its leaders wanted to.
In fact, based on my 20 years of experience in the region, I expect China to accelerate its Treasury purchases throughout the rest of this year and into 2010, which will come as a shock to all those expecting U.S. Treasury sales to crater. But I also expect the Red Dragon to take a few other steps that also will catch most western observers by surprise.
Before I get to that though, let’s talk about why China’s not going to start dumping dollars anytime soon and why the so-called “nuclear option” is actually a benign threat:
China needs our trade and the money that comes with it – so you can expect reserves to continue to climb. In fact, my guess is that we may see Chinese currency reserves rise to as much as $3 trillion less than 36 months from now – and that’s even after China’s economic leaders take steps to slow down the pace of growth it the country’s foreign reserves!
China finds itself the unanticipated position of needing America. And America of needing China. Many people may not like it, but that’s a different story. Even if the Chinese wanted to stop buying our bonds and trading in our dollars, there is not another currency on the planet with enough liquidity at present to absorb the overflow. The euro came close a few years ago, before it ultimately failed. And that means that China is stuck with Uncle Sam – and Uncle Sam with China.
Thanks to the record inflows in the second quarter, China now has $2.13 trillion in currency reserves, some 70% of which is dollar-denominated. That means that China can no longer afford to see the U.S. dollar dumped. If that happened, China’s economic future would be put at risk – something that Beijing is not about to let happen. Indeed, China must continue to support the greenback, or risk a complete meltdown. So it will find a way to “deal” with the growing U.S. debt load. At the very least, we may well see China at least maintain its current pace of Treasury-debt purchases; and it may well step up its Treasury purchases for the rest of this year and throughout 2010.
China: The Planet’s Most Promising Profit Play?
Just this week, China reported that its economy expanded at a faster-than-expected 7.9% for the second quarter – even spawning talk of a “V-shaped” economic rebound. After China’s growth rate was reported to have slowed to 6.1% in the first quarter – the worst showing in a decade – economists said the best investors could hope for for was a “U-shaped” recovery, and perhaps not even that.
Past statistics will now probably be revised higher, a fact that led HSBC Holdings PLC (NYSE ADR: HBC) China economist China economist Qu Hongbin to boost his forecast: He’s now forecasting growth of 8.1% this year, and is forecasting growth of 9.5% in 2010 – up from prior estimates of 7.8% and 8.1%, respectively. China’s recovery will be broad and deep, and will be due to inherent health, and not just because of the $586 billion economic stimululs package the country announced last November – a stimulus we said at the time was designed as much to benefit the West as it was to boost China’s domestic health.
It now appears that assessment was completely correct.
For folks who think China’s all about control, these loosened foreign-investment rules and faster-than-anticipated growth should serve as a real eye-opener. China is a communist country in name only. Driven by an intense need to maintain its growth and the desire to become a respected member of the global Tier One fraternity, China is rapidly becoming one of the world’s most effective and efficient capitalists.
The new financing rules will help China build on its recent successes in at least three key ways, by:
Enabling China-based firms diversify abroad, making them more globally competitive, and much more flexible in terms of the opportunities available to them. I see this as an extension of something I said way back in 2007, when I mentioned that Chinese companies – in the truest Confucian tradition – would view the credit crisis as an opportunity to be capitalized upon rather than a burden to be endured. Investors can China-led and funded mergers and acquisitions to jump significantly in the next 24 months. Investors who take the correct positions ahead of time can expect to profit handsomely – in both the near-term and over the long haul.
Helping Beijing balance the needs for constant internal growth against the ever-growing international reserves requirements it now sees developing around an increasingly fragile U.S. dollar. Expect Beijing to be especially active in the use of the multi-country-swap agreements it recently put in place as a means to this end.
Creating ways to help China offset the economic risks associated with its concentrated dollar holdings. Investors can expect to see escalating pressure on the World Bank to create special drawing rights and/or China-led currency equivalents as this situation develops further.
There is no doubt that some people will view what I have told you today with fear. Others will greet this news with hostility. Both reactions are to be expected in an era of increasingly protective legislation emanating from one of the worst financial crises on record. But I also think these are both the wrong viewpoints to embrace.
You see, I smell opportunity.
As noted above, the relaxation or outright removal of these foreign-investment curbs by China is simply another strategy designed to slow the accumulation of dollar-denominated reserves and to reduce the risks associated with the shaky greenback.
But China-based companies will go on a shopping spree, seeking out the world’s biggest bargains. And right now, some of the biggest markdowns can be found in the U.S. market. The bottom line is this: In making these moves, China has essentially installed a big neon arrow that tells us where the hot money is headed – specifically, right into companies involved with oil, commodities and currencies. Companies with high-tech know-how will be prime takeover targets.
And, given the growing affinity China’s emerging consumer class has with top global brands, companies that control the world’s most-popular brands will be the recipients of capital infusions – if not outright buyout offers.
Oil and commodities are a literal no-brainer. If China wants to slow down the accumulation of reserves in U.S. dollars, and there isn’t another currency that’s widely held enough and liquid enough to take the greenback’s place, natural resources and hard assets are the most logical place to be. We’ve been on this trend for some time, now.
La Camera gets financing
do we still own 1.5 million shares of La Camera?
By the way, I met the Zimtu folks earlier this year, and they are serious and capable investors, so they must like La Camera's property. I think La Camera financed $5 million last
September at 60 cents. The current financing at 40 cents would value 1.5 million shares at $600,000.
News Releases
July 16, 2009
Zimtu Capital Corp. Acquires Securities of La Camera Mining Inc.
Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) ("the Company") announces that pursuant to a private placement transaction it has acquired 625,000 common shares of La Camera Mining Inc. ("La Camera") at a price of $0.40 for an aggregate subscription price of C$250,000.
La Camera is a private junior gold company operating in the Guerrero Gold Belt of central Mexico. La Camera controls a 17,000 hectare land package that is adjacent to, and in certain places surrounds, Goldcorp Inc.'s Los Filos gold mine. The Los Filos mine is currently the largest gold producer in Mexico and is expected to produce over 300,000 ounces annually by 2010.
La Camera's property hosts a historic gold resource and encompasses numerous exploration targets with multi-million ounce potential. La Camera is contemplating going into small scale production to advance its assets on an undiluted basis and is in discussions with several major mining companies regarding strategic arrangements with La Camera.
This transaction was made for investment purposes and is consistent with the Company's strategy of making early stage (pre-ipo) resource investments not normally available to the public as well as creating and incubating companies to build value for shareholders.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
"David Hodge"
David Hodge
President & Director
Phone: (604) 681 1568
Fax: (604) 681 8240
Email: dhodge@zimtu.com
It will be interesting to see how much clout SEO musters
It's called a Fibonacci retrace, and for some folks, it represents a nice buying opportunity.
Don't let the sunshine spoil your weekend.
Paramount added to Russell indexes
June 25, 2009
Paramount Gold and Silver Corp. Added to Russell Indexes
OTTAWA, CANADA--(Marketwire - June 25, 2009) - Paramount Gold and Silver Corp. ("Paramount") (NYSE Amex:PZG)(TSX:PZG)(Frankfurt:P6G)(WKN:A0HGKQ) is pleased to announce, effective June 29, 2009 that it will be added to several Russell indexes including the Russell 3000 and Russell Global.
Christopher Crupi, CEO of Paramount Gold and Silver Corp. stated, "We are looking forward to being added to the Russell indexes and the institutional interest that will now follow the Paramount story."
Paramount currently has no weighting in the Russell Index.
About Russell Indexes:
Over the past 25 years, Russell's innovative methodology has helped their indexes become the benchmarks most used by institutional investors. Currently, institutional investment professionals responsible for over $4.3 trillion in assets use Russell indexes to guide their portfolios
CONTACT INFORMATION:
Paramount Gold and Silver Corp.
Christopher Crupi, CEO
Chris Theodossiou, Investor Relations
866-481-2233 / 613-226-9881
market cap of $450 million @ $10/share
Looks like 44+ million shares outstanding; not sure what category the reserves were in, but 2 billion barrels valued at $450 million market cap, comes to 25 cents per barrel. Something wrong with my math?
China get's stalled in Lybia
I wonder if this makes Addax look a little juicier?
VERENEX ENERGY (T-VNX) $6.17 -0.43
It’s called “country risk” and we all know about
that...there are lots of countries out there run by questionable
types that think nothing of changing the rules of the
game when seizing assets when they think they or their
country are suddenly being hard done by.
Witness the Libyans, ruled by Gaddafi with huge oil reserves
and resources and some of the higher royalty rates
on the face of the earth.
Verenex Energy had put themselves up for sale, but obviously
the Libyans don’t like the deal by which Verenex was
supposed to have been bought by the Chinese National Petroleum
Company for roughly $10.00 a share.
Now all of a sudden, the Libyans are suggesting that the company was “illegally pre-qualified for a 2005 bid in
which it won the rights to Area 47 in Libya. The property gives Verenex roughly 2 billion barrels of oil reserves.”
According to a Dow Jones article, Richard Wyman, one of our analysts at Canaccord, says he thinks the latest
news is a sign that the Libyans are trying to alter the terms of the agreement. Verenex had agreed to pay the Libyans
a transfer bonus of C$46.7 million after the sales with CNPCI was completed.
Ah yes….dealing in foreign lands always has its sense of adventure and one should be aware of, those countries
that are considered relatively safe such as Colombia versus those that aren’t, such as next door neighbor
Venezuela.
AZG.V Azteca Gold more news today
don't miss the story developing on this puppy. Matt Russell thinks he can locate the lens that feeds the Silver Valley in Idaho - a huge deposit of zinc, lead, silver, some copper, and now maybe some gold. Would be a monster deposit if true. DYDD
SPOKANE, WASHINGTON--(Marketwire - June 18, 2009) - Matthew Russell,President of Azteca Gold Corp. (the "Company") (TSX VENTURE:AZG) wishes to update progress on exploration activities at the Two Mile Project in the Silver Valley of Idaho, as well as announce an increase in size of the presentfinancing to $2.5 million total. All references to currency in this press release are in Canadian funds, except where noted otherwise.
Lower Mineralized Zone
Azteca is pleased to announce the intersection in hole DDH-006 of a secondmajor mineralized zone beginning at approximately 10,850 FT and extending downto our current depth of 11,108 FT. "This lower zone has turned out to be ofsomewhat different makeup than we expected," said Mr. Russell. "We had anticipated a zone comprised primarily of galena mineralization with minorchalcopyrite fairly immediately below the 'upper tetrahedrite zone,' giving wayto a bed of silver sulfides. Upon further study of the stockwork veining ofgalena and minor chalcopyrite that had led us to suspect the make-up of thisnext mineralized zone, we made a significant realization about the nature of thegalena and chalcopyrite mineralization."
"It appears to us now that the galena with minor chalcopyrite mineralizationfound in the stockwork veining forms rims around a mineral that the Companybelieves is primarily bournonite," said Mr. Russell. "This bournonitemineralization appears to be accompanied by a silver sulfosalt mineral which maybe polybasite. This mineralization has been visually increasing in concentrationwith depth. So rather than a bed of comprised primarily of galena, the nature ofthe stockwork veining changed to what appears to be this mix of bournonite andpolybasite. This mineralization was disseminated with strong stockwork veiningpresent at 10,850 FT, and has continued to present depth. Within the last 30 FTor so this mineralization has become intermittently massive." Bournonite is alead-copper-antimony-sulfur mineral. Polybasite is acopper-silver-antimony-sulfur mineral.
"As in the upper zone, this mineralization is resident in or replacingfine-grained mica. It appears to us that the degree of massiveness of thesulfide mineralization is dependent upon the degree of replacement of the mica.It also appears to us that the mineral bournonite and the sulfosalt minerals mayplay a key role in the make-up of the beds above. They appear to be thepre-cursor materials from which mineral forms such as galena and chalcopyriteare made within the context of the local system. This observation dovetails withour view that these beds of sulfide mineralization are the source of theremobilized silver, lead, copper, and zinc ores of the Silver Valley," said Mr.Russell.
"The technical literature on the Silver Valley discusses not only theantimony based mineral types described above, but also arsenides. Some of theantimony sulfosalts have arsenic based analogs in which the mineralization mayhave partial to whole replacement of the antimony by arsenides. Based on thisliterature, we have reason to believe that the mineralization may transition tosome extent from antimony based sulfosalts to arsenic based analogs with furtherdepth," said Mr. Russell. "This is interesting because some of the gold found inthe Silver Valley region was in arsenides, such as at the General Mine nearPinehurst, Idaho. Of course, this is just supposition at this point, and onlytime, technology and assays will tell what the full system may actuallycontain."
Azteca Gold wishes to emphasize that the intersection of significantmineralization as described above does not guarantee grade tenor as interceptedin hole DDH-005A.
Total Depth Extended
"Due to the visibly increasing strength of the mineralization encountered, wehave decided to again extend the TD for hole DDH-006 to 11,500 FT. We expectthat this lower zone may be similar in width to the upper mineralized zone,"said Mr. Russell.
Exploration Plan
"The next immediate steps in our exploration and drilling plans will be tofully evaluate the drill core, sequence of beds and rock types, and other data.We anticipate drilling wedge-offs from the parent hole DDH-006 for the purposeof developing high grade mineral resource tonnage immediately adjacent to thehole. Also, with the discovery of this lower series of mineralized beds, we needto evaluate re-entering and deepening hole DDH-005A. This new zone, if it existsin the location of DDH-005A, would be stratigraphically deeper than the TD of8,784 FT. A reasonable new target TD for DDH-005A at this time would be 9,500FT. We also plan to initiate one or more new drill holes in other locationscontained within our 22 square mile project boundary," said Mr. Russell. "Theseplans are being formulated now as we work through our assessment of the ampledata collected through our exploration efforts on the Two Mile Project thusfar."
Update on Current Financing
Azteca Gold has previously announced the undertaking of a non-brokeredfinancing of $1.5 million. Subject to regulatory approval, the Company intendsto increase the total financing size to $2.5 million on the same terms. Unitsare priced at $.40, and consist of one common share and one purchase warrant.Each warrant entitles the holder to purchase one common share for $.75 for aperiod of 2 years from the date of closing. Funds from this private placementwill be used for drilling and assaying expenses at the Company's 50% owned TwoMile Project as well as for general corporate purposes.
The information contained in this news release has been reviewed and approvedby Matthew Russell, President and CEO, the Company's Qualified Person as definedin National Instrument 43-101.
WARNING: the Company relies upon litigation protection for "forward looking"statements. The information in this release may contain forward-lookinginformation under applicable securities laws. This forward-looking informationis subject to known and unknown risks, uncertainties and other factors that maycause actual results to differ materially from those implied by theforward-looking information. Factors that may cause actual results to varymaterial include, but are not limited to, inaccurate assumptions concerning theexploration for and development of mineral deposits, currency fluctuations,unanticipated operational or technical difficulties, changes in laws orregulations, the risks of obtaining necessary licenses and permits, changes ingeneral economic conditions or conditions in the financial markets and theinability to raise additional financing. Readers are cautioned not to placeundue reliance on this forward-looking information. The Company does not assumethe obligation to revise or update this forward-looking information after thedate of this release or to revise such information to reflect the occurrence offuture unanticipated events, except as may be required under applicablesecurities laws.
Shares issued: 179,919,564
probably means the MM's had their pockets full and they let you catch the 'bonus' discount. By the way, the retrace to fill the gap is also very close to a 68% Fibonacci retrace. It seems to me that this stock will be volatile until it actually starts pumping oil and has earnings; which means that it may be wise to have some trading stock to take advantage of the price swings which usually give us a shot at buying back an additional 20% more stock. Nice way to build a position, if you think the long term trend is up.
COL.V liked the news
what's it cost to rent a sub??? eom
Namibia is the next oil pool
this blurb is from the AAPG convention in Denver this week:
There’s just so much going on at the AAPG Convention. I can only give you a slice, from my perspective. The other day I attended a spirited session concerning deep-water energy development. It’s clear that most of the major oil discoveries that remain to be found in the world will be offshore, in deep water.
The always-ebullient Brazilian geochemist Marcio Mello -- CEO of Brazil’s HRT Petroleum Co. -- wowed the crowd with a discussion of the oil potential of the South Atlantic. “Six of the last 10 giant oil discoveries in the world were offshore Brazil,” he pointed out. And then Marcio moved the discussion to the other side of the South Atlantic and gave an eye-popping description of the oil potential of the offshore regions of Namibia.
“The Namibian offshore is analogous to that of Brazil,” Marcio stated, with slides and hard data to back it up. Then he showed his proprietary research into natural offshore oil seeps off Namibia, and the geochemistry that demonstrates immense hydrocarbon potential. As for the reservoirs, he showed a slide of proprietary seismic data. “And look at this turbidite stuff,” he yelled, as a couple hundred seasoned geologists in the room both gasped and chuckled.
Indeed, Namibia is destined for oil riches. “But Namibia,” said Marcio, “is way underexplored. So you can put down a little money for the concessions and get very rich.”
Better analogy?
I think our minnow has left the ocean (survived the sharks, seals, dolphin, barracuda) and is starting to taste the fresh water at the mouth of the river. Now for the rugged journey upstream -lots of turbulence and obstacles, but the promised land of the headwaters beckon. Maybe our rallying cry becomes 'spawn baby spawn'
PS: watch out for the fisherman and the grizzlies - there's still plenty of adversaries who would like to cut your trip short.
pics on web site or ? tia
Point and Figure chart now says UPTREND
notice the (newly added today) blue support line, which indicates that this point and figure chart is now in an uptrend mode. Been a long time coming.
last time in London was 2006 - just might come back if the minnow swims to $6 !
you guys owe me a beer - it cost me 100 shares at 48 cents and 500 shares at 50 cent bid to get this thing off the ground :)
Bingo 50 Cents! showing on Scottrade
just put in a small bid for 50 cents
and it went thru at 49.5 cents; they definitely don't want 50 cents to print. Well, when we finally do see 50 cents, we'll know we're looking at the next leg up to the 60 to 65 cent range.
keep an eye on AZC
they will be a producer
At 50 cents, the barn door is open
at 63cents, the minnow is swimming freely
I just paid 48 cents
for a nibble of shares - trying to get this thing off dead center plus now I have a nice round number of shares. Besides, the extra penny I paid is way offset by the 1 penny increase in my total pile-at least momentarily :). If it collapses, I'm a fool, and if it runs to $6, who's gonna miss the penny?
what's that old line about the two vultures talking to each other - " patience my a**, I'm gonna kill something."
the volume is a positive
but, then again, you can't always put too much weight in charts for smaller stocks; so the minnow remains an enigma for a little while longer.
oops, here's all the chart info
Chart is a head scratcher
the Stochastic is fairly overbought, the Bollingers are tighter than ever and both the RSI and the MACD have had lower 'highs' recently which creates a negative divergence to the gradually rising price. If I didn't know there was pending news/drill activity on the horizon, I would think the price was due to break to the downside. The chart is definitely signalling some kind of price breakout soon. But it seems very unlikely that there is much downside in our minnow right now, what with all the potential blockbuster news tidbits flying about.
Key Point (I think)
notice how all the recent releases talk about ERHE's rights - nobody is questioning,anymore, our right to participate in the JDZ. No more chatter about investigations, etc. We have arrived as a player - all we need is a little oil to light the fuse! Can't believe that after waiting for years that we can talk about spud dates in a matter of days. Feels like we're gettin' closer to the promised land every day. Best to all, especially the oldtimers.
Old Pro might be right
if this run in gold lasts a little longer, then the money will rotate to these 3rd tier stocks. I'm seeing some pretty big jumps in the jrs today like FRG and NGD, and stocks like RGLD and GBG peaked and have settled off their highs, so it might be time for the $ to work down to the spec portion of the sector like ANI.V which hopped today. My guess, if gold closes over $975, then we will see at least 1 run at $1000 before any correction, if indeed there is any correction. I'm hoping we get a pullback this June/summer so I can reload for another run later this year. JMHO, as nothing's been very typical about this year. Do your own DD.
question on possible scenarios
how does our share price shake out if we are successful in 1, 2 ,3 or all 4 initial drill efforts? Are we still worth 40 cents if say we only hit 1 well based on current estmates of reserve potential? Thanks ahead of time to the math experts. Sure is hard to believe we can still languish with drilling dates set for July. Feels like a rubber band that keeps getting tighter and tighter. Good luck to all, especially all the very long term faithful.
From Wallflower to Belle of the Ball?
The rose that blooms last, blooms best.
I love it that the Chinese are at the table. They have $ and 1.5 billion folks who need energy; maybe, just maybe we'll see a little bidding war to heat things up. The Chinese can be a little thuggish at times, but SEO is still the Big Dog at the table, so I like our seat.
It's really significant that we have several wells and different operators to work these targets, as exploration isn't a 100% sure exercise; shoot, a 50% hit ratio would still put $ signs in front of the share price. Best to all, especially all us looongtimers.
There's a fine line between faith and foolishness, but remember, you don't need a lot of faith as long as you put it in the right place!
Yes, but WITH oil, they'll be interested. eom
Hammer, How did AMRS work out for you?
Nice to see some TRGD movement, as well as PZG movement.
Monty, what's a quick summary, as our buddy GORO is gonna have (just my assumption) problems with protesters in the Oaxaca region just because they've put together such a nice mine facility. And yes, I'm holding out for higher MFN prices.
I hope they make a $1000!