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Geo,T you should like this...Great 30 min Karl Denninger interview about our condition then and now in the markets and economy and where it is most likely headed, it made the most sense in answering a lot of the tough questions I've had for quite a while now.
https://market-ticker.org/akcs-www?blog=Market-Ticker
I've already got all I need in junior miners at the bottom and they are all already profitable producers with no arbitrary contracts/agreements sustaining their values. MXSG would simply be an additional gamble on a non-producer if it was cheap enough to mitigate the risk. After seeing that termination clause, it just became riskier. I don't know what goes on behind AR's closed doors , this deal could be terminated at anytime for any number of reasons unbeknownst to me and MSXG being a non-producer with no tangible assets would rapidly return to a .015 stock. I'm out.
I'm not complaining but, how can MEAOF jump short term (when high grade vein is proven not a fluke) to .50 when CLGRF can't even hold .48?
Copied and pasted from above, I've seen these deals terminated before...not a good clause in any contract:
"Once the option is exercised, Argonaut will hold an 80% interest of Newco and Mexus will hold a 20% interest in Newco. All mining operations will be funded by Argonaut at no cost to Mexus. Newco will be managed by three board members, one of which will be Mexus. Argonaut reserves the right to terminate the Agreement at any time with 30 days written notice provided that the required payments to Mexus have been made in accordance with the terms of the Agreement. (This is a deal based on gross revenue, ie, Meuxus will receive 20% of the project's total production at no cost except taxes and internal admin.)"
Lots of selling, I'm glad I didn't jump in at .015, waiting for sub penny and I'll reconsider it.
Thanks for the info TML, I will keep my eye on them, what's it gonna cost Argonaut to start mining? Doesn't seem like much risk at .015 getting feet wet for a few 100k shares.
Oh yeah, I saw it! Waiting for confirmation as well.
How's MXSG working out for ya TML? I considered it at the time but, opted to buy MEAOF, not the best management but, nevertheless a 50k oz producer with great assets and no debt.
IMO volume might be looking slightly better but, I don't see a .01-.03 cent gain as a gain as long as the bid/ask spread is still .01-.03, when a 100 share sell can drop it right back down the next trade.
Look at the dow today, you can always tell when the day is totally owned by the fed manipulators, dow opened +200 driven by futures at +200 on nothing (now the narrative is hawkish instead of dovish fed statements moving the market positive) and it has been kept range bound between 16,350 and 16,400 without the "new normal" volatility swings. Such a joke! What I would like to know, what has been the cost of these daily interventions to the tax payer since 2008? It's got to be in the 100's of billions, and for what, an illusion of a booming economy.
GCU.V Still Kicking Ass.
Canadian volume MTO.V is decent, I'm not impressed with CLGRF or STADF US volume as of late either.
Geo, why do you say they are illiquid, it looks to me they are debt free after the 7 million dollar pay off to Ressource Bank ?
http://www.stockhouse.com/news/press-releases/2015/09/02/metanor-completes-the-last-payment-on-ressource-quebec-loan-and-announces
I like that positive spin, have a great Labor Day weekend T, enjoy the Chinese fireworks Sunday night.
CD
Scotiabank lowers PT on Claude Resources?
http://www.financialwisdomworks.com/claude-resources-price-target-cut-to-c0-90-crj/10372/
It sure would be nice if MEAOF popped like that someday!
Geo, did you witness Gold Canyon Resources GCU.V 150% gain over last couple days on this news? Looks like we missed this one, they were on my watch list but, never bought.
http://www.stockhouse.com/news/press-releases/2015/09/01/first-mining-announces-business-combination-with-gold-canyon-resources-inc-and
Geo, how would you characterize that farce of a close on the DOW today, up 300 points in less than an hour? This really appears to be in your face FED fraud and it's really starting to piss me off!
Have you looked at the DOW today? It's swinging 100+ points every 15 minutes, yeah that's perfectly normal price action ha, ha, ha, our markets have been reduced to trading like penny stocks for God's sake.
One burning question I have is: HFT or not, what is the cost of all these daily future ramps and stick saves, and where is this money coming from? It has to be in the 100's of billions, and for what, the illusion of strong markets? Look at the good these billions could have done if spent responsibly, we could have put millions to work rebuilding our crumbling infrastructure and would have had a solid robust economy by now. These fuckers need to go down!
NYSE Invokes Rule 48 For Second Day In A Row Ahead Of Market Open
"Precisely 24 hours ago, in an attempt to pre-empt the panic-selling open, the NYSE invoked the little used Rule 48, which was to be expected: the Nasdaq 100 has just tumbled limit down and the S&P and DJIA would follow shortly. Today, however, it is unclear just why the NYSE decided to once again invoke Rule 48 as futures are set to open about 3-4% higher, and yet that is precisely what the NYSE did. As a reminder, what this means is that mandatory opening indications are not required, which in theory should make it easier to open stocks.
As further reminder, yesterday in conjunction with the liquidity meltdown, this led to mangled ETFs left and right. Let's hope today is different, even though as we showed earlier, ES liquidity today is even worse than yesterday." What an f***g joke these markets have become.
"ROFL The Markets"
"Markets in turmoil!" "screamed the headlines yesterday.
But that's only true when the market goes down strongly, right?
Here's the amusing part of this -- the cut in China's reserve requirement that produced a 600 point DOW futures rally overnight (most of which happened before the cut) and the futures market over the last 48 hours has done nothing but fuck people on both sides of the trade -- those who shorted yesterday -- really any time yesterday -- are now (deeply) underwater, and those who sold yesterday are shaking their heads at a crystallized and unnecessary loss.
But before you start singing Kumbaya please keep one thing in mind -- these sorts of "excursions", just as they did in early 2007 when the Asian market melted down and again in early 2008 when Bear Stearns went under, have a serious negative effect on liquidity in the market as those who find themselves with the raw deal this morning take their ball and bat and go home.
It happened last time and it will this time. And no, what started last week is not over." My sentiments exactly with these fake markets.
I did not realize this about SA, although I have seen errors in their articles, I thought they were reasonably respectable, they sure have that appearance don't they.
First Analyst Coverage By Mackie, TSX:SAS Earns Buy Rating
http://www.dakotafinancialnews.com/st-andrew-goldfields-earns-buy-rating-from-analysts-at-mackie-sas/295054/
I think with miners beat'n down so low, when gold finally pops, investors (gamblers) gobble up the bigger more well known companies first. When these start to get a bit pricey is when CLGRF begins to get more attention. If gold was already on the upswing when positive earnings were released, we would not have experienced this delay in appreciation.
I doubt this is the reason why there is no interest, the masses couldn't be focusing on this, could they? I really can't figure it out, gold is way up, profits are way up, everything we've been waiting for and everyone's green but Claude. Oh boy Geo, you said awhile back there would be bumps in the road, I guess this would qualify.
Latest Seeking Alpha Article:
Claude Resources - This Company Is Much Better Now But There Is One Problem
http://seekingalpha.com/article/3449546-claude-resources-this-company-is-much-better-now-but-there-is-one-problem?auth_param=po7i7:1at77i5:8b4bf33aa2bd17710ff35fb433598370&uprof=45&dr=1
Nice buy side volume today, this one is coiled ready to strike.
Impatient sellers that bought in the teen's I would guess.
Good discussion TML. Maybe the CLGRF news has sunk in during the weekend and we'll see a pop this week.
I'm not a nit picker, I'm just someone you don't normally run into everyday.
I'm a firm believer in natural law, no matter how you sugar coat these matters, it all boils down to arithmetic (a natural law). These global shenanigans will continue until the mathematics no longer can sustain them. I think we have nearly arrived at that point TML.
"It's a product of our financial culture" Once again, are you kidding me, did you just make that up? It's called FRAUD! Selling a hundred 1 oz paper certificates traceable back to a single 1 oz. bar of gold, serial number xxx is pure and simple fraud, who really owns that bar, it can't be delivered. It is truly unbelievable that people believe all of the BS.
"To what end". Are you kidding me TML, withholding positive volume keeps the price from climbing, withholding negative volume keeps the price from falling. Don't be so naive, it goes on all day, every day, that's why they're called Market Makers.
Good to hear, thanks for that Oil.
Well pardon me for my cynicism, after 8 years and thousands of 3 digit no news stick saves in the DOW, continuing to this day. Now as never before we have HFT computers front running practically every market as the mechanism for manipulation (see nanex). Prior to 2008 there wasn't the desperate need for daily pre-market dumping of billions in paper gold and silver contracts practically every morning to bolster confidence in the almighty dollar. How do you explain the 100 to 1 ratio of paper contracts to available physical gold and silver (with no auditing being done)? This is the mechanism used to manipulate gold and silver price up or down, IMO mostly down. I have seen first hand how the MM's will divert US OTC buys over to TSX side to presumably keep US OTC volume down in that particular stock, IMO that seems to be a form of manipulation. I could be wrong, I hope I am but, I don't trust any of these bastards. Never the less, I am long on all my miner positions and eventually patience will be rewarded.
And how would you explain this phenomenon Geo? To me the only explanation would be that the market makers are controlling the stock, I mean the TSX went practically dead.
Nice job Geo but, who'da thought you'd be down on those shares already, can't blame the exchange either, TSX flat, unbelievable!
Although I'm not worried, who on earth would sell @.49 today of ALL days, makes absolutely no sense at all.?