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Yeah, I just sold all my MEAOF partly because of their game playing, I hope this isn't going to be a regular thing with this company's MM's.
Yep, I'm in the green again with double my shares since sale of the property.
Yeah that's BS, what is the motivation for them to do this, looks like they have artificially capped TGZ @1.15 and are playing games with TGCDF, who would I complain to, TD Ameritrade?
MM now playing games with price, on the verge of a break out?
You mean $1330 and 19.2 silver!
Yes, I remember you, I initially bought in at .54 in 2012 right before their finance deal with that Canadian bank who's name escapes me.
MRDALE, it was suggested to sell CLGRF and take profits at 1.55, now we are effectively at 2.40, you've got to remember we are in uncharted territory, globally. PM's were demonized and relentlessly beaten down for 5 years on nothing but propaganda from the powers that be, resulting in miners being pummeled down 90%! In 2007 miners were part of every ones portfolio at $750 gold! Now gold is $1330 and these same miners, now much leaner are still well below the 2007 PPS levels, something has got to give! This is just the beginning, SSRI was $35 back then!
CD
Yeah, I'm semi-retired, sure beats the "rat race"!
PM's are running right now, silver now @19.2, somebody is maybe losing control!
Kid, I have done much research and have found that any capitol gains in the market are tax free if you are in the 0,10,15% income tax bracket. I am not canvasing for any work this year because of that fact. Google it, it became a permanent part of the tax code under Bush.
I see where your going with that but, CLGRF enjoyed a 30% premium plus time for a +100% gain before the conversion date into another way undervalued company for another +100% gain to date and that is all after an initial run from .12 to .94, holy shit, hardly a reverse split in any context!
Did you guys see that spike in PM's a few minutes ago? Tomorrow is going to be another AWESOME day!
MRDALE, a reverse split for SSRI isn't going to happen anytime soon, R/S happens when a company with weak management is in trouble in a bear market, SSRI has none of the above in their cards.
T, I think Sprott might have been buying to average down hoping for a buyout in the long run. On the other note, if Osisko (Oban) bought out Metanor they would still have to truck their ore 65km or so to the Bachelor mill, if they installed a concentrator they would have to bring power out to the area to run it, lots of costs involved, not sure it would be a good move or not for them.
Excellent interview regarding BREXIT, banks losing control, rising gold and gold stocks, part 1.
SP, Excellent interview!
T, I thought so, I just got sick of their non-performance, MM and management games + no profitable gold, couldn't risk waiting for buyout. Sold remaining shares @ .062 while other miners were in pullback. I'm already up 7% on my reinvestment. Just curious, how close are Osisko (Oban) properties to Metanor mill, same distance as Barry or further?
Geo,T, Found this 13 part analyst report on several silver miners including SSRI and CDE.
http://marketrealist.com/2016/06/silver-outshines-gold-silver-miners/
Are your shares MTO or MEAOF?
T, I mean't to tell you that I sold all my MEAOF shares, being up 50% I didn't want to run the risk of losing it on that dog, put the proceeds into TGCDF.
I wasn't too happy about the reverse split they did in 2009, so your saying they have a history of questionable management decisions huh?
Yes, now that you bring it up, it sounds like its already factored in. It's hard to keep track of all this info on multiple companies, thanks T.
Geo, How would you compare SSRI potential to CDE potential?
Something to ponder? Quote from Stockhouse board:
Its all there in the N/R's that the rainy season is in the second and third quarter, I'm expecting at the most 50,000 ounces for the second quarter which is at least 20,000 ounces less than the 1st quarter,maybe even closer to 40,000 ounces. The addition in this quarter is that we have an aquisition going on and a closing of it. So lets not get to excited on them comming out and moon numbers of second quarter prodution #s,i know in'm not,but TGZ go ahead and surprise me.
Silver has decisively broken out above 18, SSRI is sitting at 12.60 in pre-market, if silver holds we will see 13 today!
Good article Geo, I am still about $20K down on the 31K CLGRF shares I sold @$1.04 to buy TGCDF, I should not have been so impatient but, things were not looking as solid back then. Bought 30K more of TGCDF the last couple days, waiting now for a .25 pop to get me back to parity.
Bought another 20,000 on this temporary dip while the market digests Gryphon deal.
Good points. Have you noticed how the dollar all of the sudden doesn't matter once again to the POG, both down this AM? These motha***f**g criminals won't be happy until gold is under $1300 again and they don't care how obvious their fraud is.
They would use those shares as collateral (leverage) so, converting them immediately into cash is not necessary to move forward with a deal.
Makes no sense to me, 10-20% every day, there should be many, many gaps to fill, I don't know?
That article's title was odd since the body of the article points to the opposite happening.
COULD SILVER STANDARD RESOURCES INC. (USA) SEE A REVERSAL AFTER THIS VERY STRONG SESSION?
Lee RogersJun 24, 2016LIKE
The stock of Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) is a huge mover today! The stock is up 7.16% or $0.82 after the news, hitting $12.27 per share. About 2.75 million shares traded hands. Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) has risen 135.11% since November 17, 2015 and is uptrending. It has outperformed by 132.05% the S&P500. The move comes after 6 months positive chart setup for the $993.85M company. It was reported on Jun, 24 by Barchart.com. We have $17.91 PT which if reached, will make NASDAQ:SSRI worth $457.17M more.
Analysts await Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) to report earnings on August, 4. They expect $0.14 earnings per share, up 255.56% or $0.23 from last year’s $-0.09 per share. SSRI’s profit will be $11.34M for 21.91 P/E if the $0.14 EPS becomes a reality. After $0.11 actual earnings per share reported by Silver Standard Resources Inc. (USA) for the previous quarter, Wall Street now forecasts 27.27% EPS growth.
Out of 4 analysts covering Silver Standard Resources (NASDAQ:SSRI), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0% are positive. Silver Standard Resources has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc.
According to Zacks Investment Research, “Silver Standard is focused on the acquisition, exploration and development of silver-dominant projects. They have a quality portfolio of core properties in the development pipeline in Argentina, Mexico, Chile, the United States and Australia.”
The people are awake, the problem is we do the right thing, elect politicians to put a stop to their agenda ie: winning the vote against the bailouts in 2008, only to have our vote over turned, 2014 taking over the Senate/House only to have them hand over everything Obama wanted! They are ALL the same because they ALL want a seat at the table when things come crashing down.
Cork, I'm sure all the "chartist's" saw this coming in their T/A. /sarc
Thanks, I noticed GEODRILL was up 11% today to 1.70, GDLLF OTC has no liquidity and is still at .99, is that a .32 arbitrage opportunity?
Why is it being such a laggard?
Well, we've just had the first $15 slam this morning, gold now at $1315.
SSRI just hit 12.73 in pre-market!
USD still climbing 96.480, gold already knocked down $32 to $1328, hopefully just over shot. Silver hit 18.300 and is now 17.750, Dow futures down 660 points, Nikkei is down 1200 points.
It looks like "leave" just won by almost 900,000 votes! Kitco site just crashed...I can see why!