Gold trader
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
One of my favorite companies just because of its constant stream of great news—which makes me look much smarter than I am—is Newstrike Capital Inc. (NES:TSX.V), with Richard Whittall as president and CEO. Newstrike, which is developing the Ana Paula deposit in Guerrero, Mexico, continuously issues drill results that are better than 100 meters and up to 5–7 grams per ton. Its people are quietly focused on growing the resource, but Newstrike's an overlooked opportunity because it isn't out there waving its arms around. For us, that's representative of a best-case scenario in terms of a management team that's more focused on building the asset than on telling the story and raising money.
That said, Newstrike has plenty of money in the bank. It just completed another bought-deal financing and the asset continues to grow. In that situation, you just put your money into that investment, leave it alone and let it do its thing. At the end of the day you're going to see a return in the high triple digits. For our unit holders that's going to be a homerun.
NEWSTRIKE CAPITAL INTERSECTS 173.5 METERS OF 3.07 G/T AU AT THE ANA PAULA PROJECT, INCLUDING A 46.40 METER INTERVAL OF 7.08 G/T AU
VRML is interesting, very low float.
Looks good to you ?
Golden opportunity
About a year ago, gold miner Rubicon Minerals scaled back the expectations for its Phoenix Gold Project in Ontario's Red Lake District, and the stock has been on a downtrend ever since -- sliding gold prices haven't exactly helped, either. However, with the permits now in place for Rubicon to produce a still- exciting 180,000 ounces per year, many Fools think that Mr. Market will soon come to his senses.
Golden opportunity (RBY)
About a year ago, gold miner Rubicon Minerals scaled back the expectations for its Phoenix Gold Project in Ontario's Red Lake District, and the stock has been on a downtrend ever since -- sliding gold prices haven't exactly helped, either. However, with the permits now in place for Rubicon to produce a still- exciting 180,000 ounces per year, many Fools think that Mr. Market will soon come to his senses.
AUMN under 6$
UNREAL !!!!
500M high grade silver ounce for 240M$
"Rubicon Minerals Corp. has achieved a number of milestones, including the receipt of final permits and project financing, which have derisked key elements of the Phoenix project. . .the company has initiated a development strategy targeting initial production in Q413; incorporating proceeds from the February $200.9M financing, Rubicon has $245M in working capital, which we expect to be sufficient to advance the Phoenix project through development."
At Paramount Gold & Silver (PZG), a filing with the SEC revealed that on Friday, CEO Christopher Crupi bought 15,000 shares of PZG, at a cost of $2.31 each
XG is a really good mine in argentina (Low cost, high grade)
In free fall now, because the market fear nationalisation by the government...
Risky but can be very interesting.
Foggy story...Look like manipulation...
Have you see UTEK ?
HEAT very low float.
Where do we go lowtrade ?
Extorre Gold Mines Limited (TSX:XG.TO - News) (NYSE Amex:XG - News) (FRANKFURT:E1R.F - News) ("Extorre" or the "Company) wishes to provide its insight on the proposed acquisition by the Argentine Federal Government of 51% of the Argentine oil company, Yacimientos Petroliferos Fiscales (YPF), from Spanish Oil Company Repsol.
It is important to note that there are significant differences in regulations, tradition, public importance and internal use of products between the oil & gas sector and the mining industry in Argentina. Public policy in one sector is not connected with the other.
Furthermore, the Argentinean Government initiative currently under discussion before Congress has been enacted only in connection with YPF which has a long Argentinean history. Extorre notes that YPF was State owned from its inception in the early 1920's until the late 1990's, when it was privatized and a majority stake sold to Repsol. The current re-nationalization process of YPF has not been extended to other oil & gas companies operating in Argentina.
There is no reported agenda in the popular press or, to Extorre's knowledge, to extend the nationalization process to any other company in the oil and gas sector in Argentina or to any other sector of the economy. Additionally, recently, several mining Provinces have joined an alliance in support of mining with the acknowledgment of the Argentinean Government and none of the objectives of that alliance relate to any action or policy similar to the one taken in connection with YPF. The mining sector has also received explicit public support from the Provinces and the Federal Government.
Several other mining companies operating in Argentina have publicly commented on this situation in terms similar to Extorre's view.
Very recent discussions with potential financiers to provide capital for the potential development of Cerro Moro have indicated that the YPF action has not materially affected the finance ability of the project.
Extorre Gold Mines Limited (TSX:XG.TO - News) (NYSE Amex:XG - News) (FRANKFURT:E1R.F - News) ("Extorre" or the "Company) wishes to provide its insight on the proposed acquisition by the Argentine Federal Government of 51% of the Argentine oil company, Yacimientos Petroliferos Fiscales (YPF), from Spanish Oil Company Repsol.
It is important to note that there are significant differences in regulations, tradition, public importance and internal use of products between the oil & gas sector and the mining industry in Argentina. Public policy in one sector is not connected with the other.
Furthermore, the Argentinean Government initiative currently under discussion before Congress has been enacted only in connection with YPF which has a long Argentinean history. Extorre notes that YPF was State owned from its inception in the early 1920's until the late 1990's, when it was privatized and a majority stake sold to Repsol. The current re-nationalization process of YPF has not been extended to other oil & gas companies operating in Argentina.
There is no reported agenda in the popular press or, to Extorre's knowledge, to extend the nationalization process to any other company in the oil and gas sector in Argentina or to any other sector of the economy. Additionally, recently, several mining Provinces have joined an alliance in support of mining with the acknowledgment of the Argentinean Government and none of the objectives of that alliance relate to any action or policy similar to the one taken in connection with YPF. The mining sector has also received explicit public support from the Provinces and the Federal Government.
Several other mining companies operating in Argentina have publicly commented on this situation in terms similar to Extorre's view.
Very recent discussions with potential financiers to provide capital for the potential development of Cerro Moro have indicated that the YPF action has not materially affected the finance ability of the project.
In trading on Wednesday, shares of McEwen Mining Inc. (NYSE: MUX) entered into oversold territory, changing hands as low as $3.33 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of McEwen Mining Inc., the RSI reading has hit 28.4
56.70M---->5.95g/t
Endeavour will acquire 100% interests in AuRico Gold's operating El Cubo silver-gold mine in Guanajuato State, Mexico and the Guadalupe y Calvo silver-gold exploration project in Chihuahua State, Mexico, for total consideration of up to US$250 million.
http://seekingalpha.com/news-article/2448461-endeavour-silver-and-aurico-gold-sign-definitive-agreement?source=email_portfolio&ifp=0
AUMN Market cap is 250M$.....
The difference ?
300-400M ounce silver (reserve) + Production of + 8M/year by 2014-2015.
Think about.......
Endeavour will acquire 100% interests in AuRico Gold's operating El Cubo silver-gold mine in Guanajuato State, Mexico and the Guadalupe y Calvo silver-gold exploration project in Chihuahua State, Mexico, for total consideration of up to US$250 million.
http://seekingalpha.com/news-article/2448461-endeavour-silver-and-aurico-gold-sign-definitive-agreement?source=email_portfolio&ifp=0
AUMN Market cap is 250M$.....
The difference ?
300-400M ounce silver (reserve) + Production of + 8M/year by 2014-2015.
Think about.......
Endeavour will acquire 100% interests in AuRico Gold's operating El Cubo silver-gold mine in Guanajuato State, Mexico and the Guadalupe y Calvo silver-gold exploration project in Chihuahua State, Mexico, for total consideration of up to US$250 million.
http://seekingalpha.com/news-article/2448461-endeavour-silver-and-aurico-gold-sign-definitive-agreement?source=email_portfolio&ifp=0
AUMN Market cap is 250M$.....
The difference ?
300-400M ounce silver (reserve) + Production of + 8M/year by 2014-2015.
Think about.......
Short Interest (Shares Short)
2,901,500
Short Interest (Shares Short)
26,035,600
AUMN 3M Share short to cover.....(Float 28M)
It's coming...
Short have tried to push it down, now they will need to cover in the next days.....12-14$ IMHO
What's going on here ???? + 20%
the company has initiated a development strategy targeting initial production in Q413; incorporating proceeds from the February $200.9M financing, Rubicon has $245M in working capital, which we expect to be sufficient to advance the Phoenix project through development."
Construction and development of Serra Pelada has gone on for about a year and the mine is on schedule for production in mid-2013
Wow, First Majestic made a smart move snapping up Silvermex and the La Guitarra district. La Guitarra only produces 800k ozs now due to lack of development by previous owners (and only 320 tpd), but will be turned into multimillion oz producer by AG with lots of capital and expertise.
If you look at what First Majestic paid (about 10M shares that have been worth between $14-26 in the last year), then compare it to AUMN it points to extreme undervaluation for AUMN.
La Guitarra has fantastic El Quevar type grades, but a lot less tonnage than Velardena. AUMN has TWO world-class projects.
I don't second guess Keith Neumeyer's judgement one bit, he creates SH value like few others. AG got a great asset at a good price, but I think he would have done better to spend just a little more and bot AUMN instead and got a bigger mine (Velardena) and a second world class development stage silver project. Would not be surprised if AG had been in discussion with AUMN, was unable to get agreement, and pounced on second-best Silvermex instead.
Read the silverstealers to refresh your memory why SILVER IS MONEY, ALWAYS WAS AND ALWAYS WILL BE WORLDWIDE and learn about the "dark side" and their phony selling of metal they only WISH they could hold.
Wow, First Majestic made a smart move snapping up Silvermex and the La Guitarra district. La Guitarra only produces 800k ozs now due to lack of development by previous owners (and only 320 tpd), but will be turned into multimillion oz producer by AG with lots of capital and expertise.
If you look at what First Majestic paid (about 10M shares that have been worth between $14-26 in the last year), then compare it to AUMN it points to extreme undervaluation for AUMN.
La Guitarra has fantastic El Quevar type grades, but a lot less tonnage than Velardena. AUMN has TWO world-class projects.
I don't second guess Keith Neumeyer's judgement one bit, he creates SH value like few others. AG got a great asset at a good price, but I think he would have done better to spend just a little more and bot AUMN instead and got a bigger mine (Velardena) and a second world class development stage silver project. Would not be surprised if AG had been in discussion with AUMN, was unable to get agreement, and pounced on second-best Silvermex instead.
Read the silverstealers to refresh your memory why SILVER IS MONEY, ALWAYS WAS AND ALWAYS WILL BE WORLDWIDE and learn about the "dark side" and their phony selling of metal they only WISH they could hold.
As of its most recent quarter, Aeterna claimed $46.9 million in cash on its balance sheet. Adding Cetrotide's residual revenue in, that gives us a value (again, my opinion) of between $52 million and $57 million based on just its cash balance and Cetrotide sales.
At just $74 million, you're paying a minuscule premium of $17 million to $22 million for a pre-clinical and clinical trial pipelines that consists of 14 possible treatments. Keep in mind that many trials have sub-trials currently running within that could treat different types of ailments. This seems like a brutally inexpensive price to pay for a biotechnology company even with the risks included. I'm going to have to give Aeterna a serious look as this Fool may soon have a microcap biotech joining his portfolio.
Looks like PZG is ready to run up.
You see the same ?
Timberline Resources Corporation (TSX-V: TBR.V - News)(AMEX: TLR - News) ("Timberline" or the "Company") announced today that the application for the required water discharge permit (MPDES Permit) for the Butte Highlands Joint Venture Gold Project has been submitted to the Montana Department of Environmental Quality.
All sources of wastewater discharge, such as mine de-watering, are required to obtain and comply with MPDES permits. The goal of the Montana Pollutant Discharge Elimination System (MPDES) program is to control point source discharges of wastewater such that water quality in state surface water is protected. The application for the Butte Highlands Hard Rock Operating Permit, which includes a significant amount of information generated for inclusion in the MPDES Permit application, will be submitted shortly. Based on currently available timelines, Timberline anticipates the issuance of the required permits and the commencement of gold production at Butte Highlands in 2012.
Timberline was notified of the submission by its joint venture partner at Butte Highlands, Highland Mining. Timberline's unique partnership at Butte Highlands calls for its retention of a 50-percent project interest while being carried to production by Highland Mining. Once in production, Timberline is to receive 20-percent of project cash flow until Highland recovers its initial capital expenditures, at which time Timberline will receive 50-percent of cash flow.
Mine development and mining operations at Butte Highlands have been sub-contracted to Small Mine Development ("SMD"), an experienced underground mine operator which has performed mine development and mining operations for some of the largest mining companies in North America, including Newmont Mining and Barrick Gold. As announced previously, the initial mine plan at Butte Highlands will target production of approximately 400 to 500 tons per day for the first four years of operation with material direct shipped to a nearby mill.
In 2011, Timberline completed a 50,000-foot (15,240-metre) underground drill program which returned intercepts of up to 14.5 feet (4.4 metres) grading 6.77 ounces of gold per ton (231.85 grams per metric tonne). SMD has completed over 4,000 feet (1.2 kilometres) of underground development and completed construction of all surface facilities for the project. The Butte Highlands Joint Venture is located within a favorable geologic domain that has hosted several multi-million ounce gold deposits including Butte, Golden Sunlight, Montana Tunnels, and Virginia City.
Golden Minerals Company (NYSE Amex: AUMN) (TSX: AUM) jointly announce the signing of an amendment to a 2005 Joint Venture Agreement ("JVA") governing their San Diego silver exploration project. Golden Minerals holds its interest in the JV through ECU Silver, now a wholly owned subsidiary. Under the JVA amendment, Golden Tag has acquired the right to increase its interest in the JV to 60% by solely funding US $3 million of additional exploration expenses within the next 24 months. In order to increase to 60%, Golden Tag must incur and solely fund at least US $1 million of exploration costs in the first 12 month period and at least US $500,000 of costs in each of the final two six month periods. Golden Tag will become the designated operator of the JV for the additional programs and beyond as long as it completes the required funding in a timely manner. Under the 2-year amendment, exploration costs by Golden Tag are optional, except for mandatory costs related to keeping the property in good standing. As part of the JV amendment Golden Tag and ECU Silver have enhanced the mutual piggyback rights contained in the JVA so that each party has the right to require the other to include it in a transaction involving a direct or indirect sale of 100% of the San Diego project if the transaction meets certain minimum requirements and in addition Golden Tag can require that ECU participate in such a sale.
Golden Tag President Marc Carrier commented, "We are pleased with this amendment which allows Golden Tag to prioritize the San Diego silver project for the benefit of both companies. We believe that the next $3 million spent in exploration may prove pivotal in understanding the San Diego deposit and we look forward to aggressively advancing the next phases of work."
Golden Minerals CEO Jeff Clevenger said, "This amendment to the JV agreement is the first step in Golden Minerals' announced strategy to reduce or monetize our exploration efforts outside of core assets. San Diego is a large system and the project is now set to advance with Golden Minerals maintaining a significant interest going forward."