hunting for $$$$$$$$$$$$$
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reading the FED minutes it s rediculous...i mean what has the world come to....they are now worried about the impact of buying debt...lol...where where they before when it all started...and even if FED ajust s it s buying it will still be buying debt...can t afford to stop imo...market s have shown what they think about FED s logic yesterday...and if FED in some scenario does stop buying debt then say hello to deflation...imo...a much dreaded word that Ben dreams about every night...
so more cheap money to come...more currency wars...untill some day everything goes to chit...
where has the world come to...
Gold look s very weak...until we get a sustained run in gold junior market won t rebound....IMO
NPV per PEA 1.5 billion...Market-cap at 170 mil....
dirt cheap
MIdas takeover coming
aprox. 25 mil. shares from the offering hitting the market...yes it s dilutive...not much left imo...
just the update we needed...jeeezzz
short interest up to 28.9 mil...300k increase...might test 2.65
MUX Target $3.75.
Target $3.75.
MUX up 3.26% pre-market...
MUX initiated with a Buy at Stifel Nicolaus
again down on good news...shorty controles price movement...shame
yes but bounce first...imo
TNR Gold Corp. Finalizes Los Azules Settlement with McEwen Mining Vancouver B.C., February 05, 2013: TNR Gold Corp. (the “Company” or “TNR”) Is pleased to announce that in follow-up to its press release of November 12, 2012, whereby TNR Gold Corp. announced that it and its wholly owned subsidiary, Solitario Argentina S.A. had reached a settlement with McEwen Mining Inc. with respect to the Los Azules Copper Project located in San Juan Province, Argentina, formal documentation and the details pertaining thereto have now been signed and will be filed on SEDAR under TNR’s profile at http://sedar.com.
The Company is also pleased to announce that the 1 million shares of McEwen Mining Inc. that form part of the settlement have now been issued (information about McEwen Mining can be found at http://www.mcewenmining.com and on Sedar at http://www.sedar.com). The Company expects that the delivery of the certificates representing such shares will occur upon the transfer of the mineral rights to the Escorpio IV mining tenure to McEwen Mining Inc, which it anticipates will take place later this month. The shares will be subject to the minimum statutory hold period.
gm all..GOLD up nicely...
MUX hope we see a bounce...
look s like there will be no bounce...relentles selling...
MUX 3.20...how much more at 3.20...lol
we could test 2.75...
looking at GOLD s weekly chart and MUX s weeky chart look s almost the same...lol
Sir John Templeton: "bull markets are born in pessimism, grow on skepticism, mature on optimism and die of euphoria."
just for perspective... look at the Exeter valuation ( Caspiche asset)...
mark.cap of 88 mil. O/S x 1.33 $ = 117 mil.$ - 55 mil.$ in treasury = 62 mil.$
that s what market is valuing Exeter today...project with cca. 5 bil. capx./ 300 mil. capx for phase 1
potential production phase 1 200000 oz. per year; whole 700000 oz. per year...
in this market it s just to big of capx. even for a major...but 3-4 years down the road who knows...
well i hope it s not another 2008...lol...everything got killed...
thought we need 100 mil...let s hoppe Rob sells the copper project...
My view on MUX
Looking at the whole junior exploration sector + producers it s clear that the bear market began in 2010 and it s been like that through 2012 and i don t see it turning much in 2013. To much investment cash got burned in the bull market from 2002 to 2006/7 and then from 2008-2010 correction...90% of juniors are worth as many top analyst s say "nothing"...so you have to look what the rest 10% "quality" juniors/producers are doing...sadly not to well...margins are low due to higher costs, top producers acquierd projects with large capx es that are noe put on hold, ect...now what has to happen for this bear market to turn...
well imo nothing special...1st. every bear market turns into bull market in time...things go from overvalued to undervalued...nature of the market...i hope everyone understands that we have to buy into stocks "now" and sell into the bull market...
now MUX
We all know why we buy MUX... It s Rob Mcewen...and that s the right reason...in this mining industry proven names are as important as the asset if not more...
but
imo PPS at current levels ( 3$ PS) still has Mcewen s name build into it...looking at comparable producers cca. 100000 oz. per year at cash cost at around 800$ they are trading in a range from 0.90 $ (BRD) to cca. 2.50$...yes MUX has a lot of potential expanding production to 300000 oz. per year but let s try to realisticly price MUX as it is today...
imo untill this bear market turns MUX could see another 20-30% drop from current levels..cca. 2.30$ PPS...and we should all thank god if that was to happen...
becouse when the cycle turns ( my prediction in 18 months) MUX as a growth play should see at least 10$ per share if not more...
have cash on the side in this bear market so you can take advantage of it...
glta
Black rock inc. added 9 mil. Shares per today s filling...you think we ll see 2.75???
10k shares at 3.09...love it
GM Augusta...watching VGZ and XRA....for a bounce...
VGZ at 2.26...way oversold for a contrarian play...could see another 10% drop...should be on watch for a bounce...
PFS expected in January...
PFS expected in January...let s see if they deliver...fingers crossed
brutal week for PM stocks...valuations are getting laughable...loading a bunch of juniors now...could happen shorties will drive them down a bit more but sooner or later, when gold picks up some momo the bank mob will go long on the sector...
not far away imo...
can t wait for PEA
i see you are the man of the passport potash board...i bought 30k shares just cos Frost is invested...but i really didn t expect to see a quarterly report wich show s they only have 400k in cash left...so if i read things right they burned through 12 mil. in 2 months??? or the announced fully subscribed private placement wasn t that fully subscribed...really confused...cos if it was why do a convertible financing with 15% interest to replace some of the PP money????
you got any ideas
thank s in advance...
glty
added 5k more at 2.26...when is preliminary due...January?
sooooo oversold on a daily/weekly chart...took a starter 5k sahres at 2.30
i agree...nothing special
where did the 12.5 mil. go?
look s like passport potash is broke...10 q out...