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Cash costs are targeted at $775 - $825 per ounce for the year, declining to approximately $700 per ounce at steady state production levels of 104,000 ounces per year in 2013.
Most of this growth is expected to happen in the second half of the year. Analysts were only expecting full-year sales of $513 million. Piper Jaffray is reiterating its overweight rating and whopping $17 price target, expecting upside from demand at Yahoo!. That price target represents over 200% gains from the current price. Looks like investors are focusing on the bottom line miss today, though.
Solazyme and Dow (DOW) enter into contingent global commercial offtake agreement and concurrently sign phase 2 joint development agreement (SZYM) 10.75 : Co and The Dow Chemical Company (DOW), announced today that they have entered into a contingent offtake agreement in which Dow has agreed to purchase from Solazyme all of its requirements of non-vegetable microbe-based oils for use in dielectric fluid applications through 2015, contingent upon Solazyme's ability to supply such oils within agreed specifications and certain terms and conditions of the sale. These new, renewable and biodegradable bio-based dielectric insulating fluids offer increased fire safety thanks to higher flash points and provide additional functionality that may improve the operating efficiency and extend the useful life of transformers. Concurrently, Solazyme and Dow have entered into a Phase 2 Joint Development Agreement, an exclusive, multi-year extension of the current joint-development agreement including accelerated commercialization timelines based on Solazyme's rapid progress in the production of tailored algal oils.
Check out Golden Minerals (AUMN)
38M Shares (3M short)
Full of cash, already producing, no dilution coming.
Gold Canyon Intersects 330 Meters at 1.58 Grams Per Tonne Gold Including 48 Meters at 4.15 Grams Per Tonne Gold-Barge Drill Program Begins
As a result of the Pretium secondary offering that closed on April 8, 2011, unitholders exercised 5.6 million share purchase warrants of Pretium by April 9, 2012. Silver Standard received gross cash proceeds of C$70.0 million from the exercise of the Pretium share purchase warrants. Silver Standard now holds 19.1 million Pretium shares or 21.6% of Pretium's issued and outstanding shares.
PPP is a value play in the sector.
Very low, because they need to find an agreement to pay less tax (Fix selling price to sell silver to SLW)
Can run anytime.
RCON IS READY ?
RCON IS READY ?
Colossus Minerals Drills 109.89 g/t Gold, 0.75 g/t Platinum and 15.51 g/t Palladium in the GT Zone and Continues to Expand Upper Limb Mineralization
-- Hole SU-316 intersected 9,110 grams of gold per tonne over 0.5 meters
(266 ounces gold per ton over 1.6 feet) and 1,035 grams of gold per
tonne over 0.8 meters (30 ounces gold per ton over 2.6 feet);
-- Hole SU-318 intersected 1,490 grams of gold per tonne over 0.7 meters
(43 ounces gold per ton over 2.3 feet).
Need your help here.
AUMN = 36M shares (Float)
75% is held by insiders and institations
3M share are short.
Can we say that 40% of the trading shares are short shares ?
http://finance.yahoo.com/q/ks?s=AUMN+Key+Statistics
100K BUY @ the close AUMN
HUGE SHORT COVERING.....
SILVER BULLS ARE READY !!!!
100K BUY @ the close AUMN
HUGE SHORT COVERING.....
SILVER BULLS ARE READY !!!!
First Majestic is buying Silvermex and La Guitarra for $175M in stock. La Guitarra is only 320 tpd and produced 750k Ag-eq last year. Velardena will be double that run rate at end of 2012 and 4-5x that run-rate in the next year as the mill is expanded.
At 3.5M Ag-eq oz next year and a $20 margin on silver (assuming silver stays landlocked at $30 that should be about $70M cash flow, or $2 per share. Then we can talk about going to 2000 tpd. And drill off another 30M ozs at El Quevar and keep grooming it.
I think at some point in the next year, AUMN is valued like a producer and not an explorer. Their 200+M ozs should be valued at $3-7 like all silver producers. That's giving no credit to the 2M oz gold or all the lead and zinc. Implying $600M to $1.4B market capitalization to be in-line with peers. Or $18-40 share price.
I wouldn't look past PAAS making another move. They have been very quiet there for several years besides the Minefinders deal. AUMN would be an ideal bolt on aquisition they could fund entirely with cash. They walked away from Orko's La Preciosa and Navidad is a long long way away from production. Velardena would be another Mexican jewel to go along with its problematic Peru mines. And increase their presence in Argentina at the same time.
I am ultrabullish AUMN in the longer term, but even a more agnostic could see this is a good $5-6 to $10-11 range trade opening up imo. Silver wants to be $40-50. $20 silver means all the available bullion will get sucked up like a vacuum cleaner and major shortages and industrial user panic so no need to harbor delusions about low gold or silver prices in the medium to long term.
First Majestic is buying Silvermex and La Guitarra for $175M in stock. La Guitarra is only 320 tpd and produced 750k Ag-eq last year. Velardena will be double that run rate at end of 2012 and 4-5x that run-rate in the next year as the mill is expanded.
At 3.5M Ag-eq oz next year and a $20 margin on silver (assuming silver stays landlocked at $30 that should be about $70M cash flow, or $2 per share. Then we can talk about going to 2000 tpd. And drill off another 30M ozs at El Quevar and keep grooming it.
I think at some point in the next year, AUMN is valued like a producer and not an explorer. Their 200+M ozs should be valued at $3-7 like all silver producers. That's giving no credit to the 2M oz gold or all the lead and zinc. Implying $600M to $1.4B market capitalization to be in-line with peers. Or $18-40 share price.
I wouldn't look past PAAS making another move. They have been very quiet there for several years besides the Minefinders deal. AUMN would be an ideal bolt on aquisition they could fund entirely with cash. They walked away from Orko's La Preciosa and Navidad is a long long way away from production. Velardena would be another Mexican jewel to go along with its problematic Peru mines. And increase their presence in Argentina at the same time.
I am ultrabullish AUMN in the longer term, but even a more agnostic could see this is a good $5-6 to $10-11 range trade opening up imo. Silver wants to be $40-50. $20 silver means all the available bullion will get sucked up like a vacuum cleaner and major shortages and industrial user panic so no need to harbor delusions about low gold or silver prices in the medium to long term.
First Majestic is buying Silvermex and La Guitarra for $175M in stock. La Guitarra is only 320 tpd and produced 750k Ag-eq last year. Velardena will be double that run rate at end of 2012 and 4-5x that run-rate in the next year as the mill is expanded.
At 3.5M Ag-eq oz next year and a $20 margin on silver (assuming silver stays landlocked at $30 that should be about $70M cash flow, or $2 per share. Then we can talk about going to 2000 tpd. And drill off another 30M ozs at El Quevar and keep grooming it.
I think at some point in the next year, AUMN is valued like a producer and not an explorer. Their 200+M ozs should be valued at $3-7 like all silver producers. That's giving no credit to the 2M oz gold or all the lead and zinc. Implying $600M to $1.4B market capitalization to be in-line with peers. Or $18-40 share price.
I wouldn't look past PAAS making another move. They have been very quiet there for several years besides the Minefinders deal. AUMN would be an ideal bolt on aquisition they could fund entirely with cash. They walked away from Orko's La Preciosa and Navidad is a long long way away from production. Velardena would be another Mexican jewel to go along with its problematic Peru mines. And increase their presence in Argentina at the same time.
I am ultrabullish AUMN in the longer term, but even a more agnostic could see this is a good $5-6 to $10-11 range trade opening up imo. Silver wants to be $40-50. $20 silver means all the available bullion will get sucked up like a vacuum cleaner and major shortages and industrial user panic so no need to harbor delusions about low gold or silver prices in the medium to long term.
The company also had $303.1 million in cash and no debt as of last quarter. That cash is currently being put to work by buying $100 million of stock, which will reduce share count by about 10%.
Biodel • BIOD-Nasdaq
Market Outperform • Price 58 cents on April 16
by JMP Securities
Progress with insulin candidates bodes well for advancing clinical development; we are upgrading from Market Perform to Market Outperform rating and introducing a $3 price target. We believe that, based on positive top-line Phase I results... Biodel has identified a commercially viable, ultrafast-acting insulin candidate for progression into Phase II/III development. Importantly, we believe that, based on previous Phase III data and new trial-design considerations, the likelihood of success for this program in later-stage development is above average. Additionally, we point to continuing efforts with the ultra-fast-acting insulin analog and glucagon programs that may provide further clinical catalysts over the coming 12 to 24 months. While we acknowledge that the stock could continue to have a limited investor audience, we believe that there is now an opportunity for longer-term, value-focused investors to begin to accumulate shares. Market cap: $23 million.
BIOD PUSHING HIGHER :(
BIOD EXPLOSION :(
BIOD, Time to jump in ?
Codexis, Inc. (CDXS - News), a developer of industrial enzymes to enable the cost advantaged production of biofuels, bio-based chemicals, and pharmaceutical intermediates, today announced that the FDA has approved a new process co-developed by Codexis for the manufacture of sitagliptin, the active pharmaceutical ingredient in Merck's Januvia®.
“FDA approval of this manufacturing process is a major milestone for Codexis,” said Peter Strumph, Interim Chief Executive Officer. “This is another example of how our directed evolution technology can deliver well controlled, cost advantaged commercial pharmaceutical, biofuel, or bio-based chemical production processes.”
The approved process, which won the Presidential Green Chemistry Award in 2010, is a more environmentally friendly and efficient production process than those used in the past. Specifically, it indicates the potential for improving the overall increase in yield of sitagliptin, while significantly decreasing waste byproducts.
Gold Canyon Intersects 188 Meters at 1.93 Grams Per Tonne Gold and 3 Meters at 41.37 Grams Per Tonne Gold at its Springpole Gold Project
Breakout, told you....:) (VRML)
Numerous high priority drill targets remain to be tested and 75 percent of the property remains unexplored.
During the first quarter of 2012 we produced 16,922 ounces of gold, and we expect quarter over quarter production growth through the year. We are forecasting annual production of 77,000 to 85,000 ounces of gold in 2012 and expect to reach a steady state annual production rate of approximately 100,000 ounces at year-end.
The sale of the Snowfield and Brucejack Projects in northern British Columbia to Pretium Resources Inc. ("Pretium") closed on December 21, 2010. Pursuant to the terms of the transaction, Silver Standard received cash proceeds of C$215.02 million (before deductions of C$12.645 million payable by Silver Standard), a convertible promissory note in the principal amount of C$39.753 million and 32,537,833 common shares of Pretium for total consideration of C$450 million. The outstanding amount of the convertible promissory note will be automatically converted into common shares of Pretium at $6 per share 40 days after the closing to the extent not previously repaid by Pretium. If the promissory note is repaid in full, Silver Standard will hold a 38.1% equity interest in Pretium. If the promissory note is fully converted, Silver Standard will hold a 45.8% equity interest in Pretium.
40M X 14$ = 560M$ in PVG shares alone....
SSRI is very very cheap here.....
Gold Canyon Intersects 127.5 Meters at 3.51 Grams per Tonne Gold Including 50 Meters at 7.73 Grams per Tonne Gold at its Springpole Gold Project
Gold Canyon Intersects 283 Meters at 1.83 Grams per Tonne Gold and 121 Meters at 2.03 Grams per Tonne Gold at its Springpole Gold Project
Newstrike Capital Intersects 81.45 Meters Of 2.19 G/T Au, Including 25.03 Meters Of 5.10 G/T Au At The Ana Paula Project
Morning Coffee (3/23/12) "Shares of Newstrike Capital Inc. were standing out from the crowd Thursday, avoiding the sea of red engulfing the vast majority of gold stocks; recently, Newstrike closed a $24.8 million, bought-deal private placement, comprising 8,000,000 shares at a price of $3.10 per share. Last week, Newstrike released the results of the first series of holes completed in the 2012 drill program at the company’s 100%-owned Ana Paula project, Guerrero Gold Belt; the new results included two drill holes from the ongoing delineation of the high-grade Breccia Zone discovery. . .drill hole AP-12-81 returned a 90.70m interval of 0.48 g/t Au followed by a 173.50m interval of 3.07 g/t Au that includes 46.40m of 7.08 g/t Au."