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I wish I had bought some in low teens, I'd of had a couple 100k more. I wrestled with if but, can't justify spending over $5,000 for another 10k, at this point I'd rather gamble on the other two I have. STADF is doing okay this AM.
I've got a 300k MEAOF position as well as a 50k STADF position that I will hang onto, still sitting on 300k of Claude.
And we're down for the day, WTF? It seems that this stock will rise on volume only when the market makers decide to jump in.
I'm done with this dead wood, closed out position today.
Maybe we found a bottom @ .42
I can only hope this means someone knows something we don't...
I can only hope this means someone knows something we don't...
Does Claude have a bottom, where the selling slows? Geesh!
Copper inventories are up because the global economies are down, (Dr Copper anyone?). I was referring to the blatant manipulation by TPTB to artificially keep the price up as part of their effort to keep the illusion going that "everything is fine". IMO this constant interference is creating the volatility in price.
Geo, what do you think about this PR and the resulting buzz around MXSG?
.http://globenewswire.com/news-release/2015/07/13/751556/0/en/Mexus-Gold-US-Signs-Option-Joint-Venture-Agreement.html
Have you been watching the volatility of copper over the last year? I think it wants to go even lower but, it looks bad so, TPTB try to keep it as close to 3.00 as possible, what a charade.
Bob, I really hope we can still go by that 30yr seasonal chart since TPTB have gotten soooo much better at their desperate fraudulent slamming down of PM's since 2012.
Do you think we will see typical PM seasonal highs again this second half, the current slamming going on is relentless.
Yeah, I just sold some dead wood I've been sitting on for years, anything is better than LVCA.
Just jumped in 150k @ .047
I'll answer my own question...probably a non-issue since Claude requested the change, just cleaning house.
CLAUDE RESOURCES INC.
NOTICE OF CHANGE OF AUDITOR
(National Instrument 51-102)
TO: Alberta Securities Commission
British Columbia Securities Commission
Saskatchewan Financial Services Commission
The Manitoba Securities Commission
Ontario Securities Commission
Autorité des Marchés Financiers
New Brunswick Securities Commission
Nova Scotia Securities Commission
Prince Edward Island Securities Office
Securities Commission of Newfoundland & Labrador
AND TO: Deloitte LLP ("Deloitte")
KPMG LLP
Claude Resources Inc. ("Claude") hereby gives notice pursuant to Part 4 of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102") as set forth below.
1. KPMG LLP has resigned effective June 16, 2015 as auditor of Claude at the request of Claude.
2. Effective on June 16, 2015, the board of directors of Claude has approved the resignation of KPMG LLP and the appointment of Deloitte LLP as auditor of Claude to hold office until the next annual meeting of shareholders of Claude.
3. There have been no audit reports prepared by KPMG LLP on Claude's financial statements that contain any reservation.
4. In the opinion of Claude, as at the date hereof, there have been no reportable events (as defined in NI 51-102).
Dated this 30th day of June, 2015.
CLAUDE RESOURCES INC.
Per: /s/ Rick Johnson
Rick Johnson, CPA, CA
Vice President, Finance and Chief Financial Officer
Claude Resources Inc (TSE:CRJ) Receives New Coverage by Canaccord Genuity and has $0.80 TP
http://www.wkrb13.com/markets/653757/claude-resources-research-coverage-started-at-canaccord-genuity-crj/
Geo, what do you make of this?
Claude Resources Inc. Announces Change of Auditors
http://finance.yahoo.com/news/claude-resources-inc-announces-change-210000058.html
Where are all the low bids and .03 swings coming from?
So now we get one buy and it drops below .54, I don't get it, sure doesn't seem above board to me, maybe we should get SCOTUS to rule on it...never mind.
All selling today @.54 now, what do you make of this, a bottom?
Interest rate hike uncertainty?
Thanks for your response Geo, I'm trying to remain patient, it would just be a shame to drop back to the .40/.30 range having not taken any profits. The minute I decide to take some off the table, PPS would go up to a new low and I would have ruined my position, not at all good at shorting. In regards to your question about the 90's, I think they got by on private placements don't you?
That sounds desirable to me.
Great stuff TML, I've always been under the impression that there was not enough gold above ground to support a gold backed currency in this day and age, but maybe that is just propaganda being spewed by the central banksters. How do you think gold and miners will fare into, during and after the next impending collapse?
So now I guess we'll just drop .02 everyday on 100k volume till we get back down into the
30's, that's what happens with no news and impatience, typical Claude, some things never change.
TML said: "a huge amount of worldwide supply comes online seeding the reason for our current metal's downdraft"
Are you in the gold and silver paper price manipulation camp? If so, how much of the decline would you attribute to this?
Very informative post TML, I had to read it a couple of times to grasp all of the for-mentioned factors involved over the past 20 years to arriving where we are at today. It seems to be your opinion that we have seen the lows for any mine that has managed turned these factors around and barring a few blips we should be heading higher from this point forward.
How is it that all these mining company's were profitable and supporting up to 10 times their current PPS when gold was 400 - 800 per oz? Energy costs were arguably lower back then but, mine efficiency was also lower, it just doesn't add up, anybody?
At this rate with NO new news to bolster our stock price, we are going to trend right back down to .40.
BAA= 98,184 oz produced in 2014, AISC average between both mines for 2014 $781. BAA has a history of not meeting their forecasts.
http://finance.yahoo.com/news/banro-announces-end-2014-financial-025241622.html
GSS= 261,000 oz produced in 2014, AISC for 2014 $1090. http://finance.yahoo.com/news/golden-star-fourth-quarter-full-120000413.html
Nag, as a comparison:
BAA= $200,921,000 in long term debt as of 12/2014 + $50,000,000 streaming transaction, + $40,000,000 gold forward at Twangiza mine.
GSS= $85,798,000 in long term debt as of 12/2014 + $130,000,000 streaming transaction, + $20,000,000 term loan.
Not necessarily, BAA is in a very risky mining jurisdiction, has much more debt and a lot less production.
You got it brother.
Your talking about Brian Skanderbeg at Claude right?
Correction on BAA AISC = $527
Geo, thanks for your leg work on BAA, you are much better on the accounting side than I. It looks like GSS is set up for a much bigger run going forward due to how their 150 million in financing will be utilized. BAA also appears to have a lower AISC as well, somewhere around $590 per oz. (pretty darn low). As of this morning BAA is now lagging GSS in PPS as IMO it should. I hope CLGRF doesn't continue to trend all the way back down to $.40, we need news!
Geo, why do you thing GSS is lagging BAA, being that GSS produces 3x the gold and is in a safer mining district? I know BAA hasn't seen much profit taking after their run up yet, maybe that will bring them more in line. Thanks as always for all your insight and have a great holiday weekend!
Thanks for the Gold update geo, holding tight on Claude, now all in on GSS @ .36
Canaccord Lifts Price Target for Golden Star Resources Ltd. (USA) Following Stronger Than Expected 1Q:15 Results
http://www.smarteranalyst.com/2015/05/14/canaccord-lifts-price-target-for-golden-star-resources-ltd-usa-following-stronger-than-expected-1q15-results/