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If you had 10,000 in losses,you could use 3,000 this year and defer the rest. (we are talking about NET capital losses ) and the 3,000 per person can be used against your ordinary income ,if NET losses are all you have "It's done with these companies all the time . Corporate rates are different ,of course. Yes ,it is a bad system,been around for many years.Big losses might never be recovered.I think the maximum is 3 years of deferment (not sure)
Unrealized Losses can occur on stocks .That does not mean an investor should sell ,even if it is massive. This is particularly true in exploration plays. Of course any of us would rather buy at the low and sell at the high but in the real world that's just not the case, some of the time . I don't know what types of accounts you have but I'm speaking about a cash account with no retirement protection in the United States.Someone who pays no attention to tax liability usually has problems later on . Where should unrealized losses or gains be better utilized and become realized losses or gains ? That has huge implications in the U.S, tax code How much money do you make with ordinary income ? It's all 1 big package and sometimes a loss is not the end of the world.Too many of them might be .LOL
I think if you check back on my posts around the time of the merger ,you might find me saying a lot of very unflattering things about the merger.
Hardly clueless,but through it all I kept my shares because it was to no advantage for me to sell.I believe things are going to get a lot better here and I am not underwater (lost one heck of a lot of profit), so what the hell.,whereas you probably were underwater when you sold and my guess would be that your bitter. So we all get your reminders as to how bad our situation is and how great things are over at Aurcana. LOL
You don't offer anything other than cheap shots and bad opinions about things you don't understand.
Check my posts and read how deliriously happy I was/am about the merger.
I still see value here at USGIF , far outweighing the negatives.END.
Hecla's Baker made a statement that they were never interested in the existing Galena mine.(after he failed to buy it). He went on to say ,that Hecla's interest in the project was the brownfield exploration near by. We now are calling that the LZ. We now are in the process of establishing some compliant numbers and it is believed by US Silver to hold 150-200 million oz's.
Any deposit anywhere in the U.S. of that size on permit-able claims is worth more than our present market cap.
Anyone want to try and disprove that ? That fact makes Hecla's failure to bargain for US Silver a bumbling error on their part. They had historical assays on the LZ and needed to prove it.Well,now we are proving what most suspected,a huge resource ,which is more valuable than the Lucky Friday mine's deposit which they have spent over 200 million dollars on.
The only way I would allow HL to mine the LZ would be with us on a 50/50 JV. They would pay all CAPEX to get to production,and retain no infrastructure when the zone was exhausted.
Just a thought .
Why do you want a share buy back ? All that does is transfer wealth from us to insiders . Your right about the AMEX listing .I really think this company needs that to happen before a silver surge.I mean a big surge ,50/oz area where it will stay.
If it makes you feel any better ,SSRI ,possibly the most undervalued silver/gold major is down again. These guys own some of the best silver properties in the world and have a stake in one of the best gold properties in the world .They have about 100 million shares FD and selling well under 15 /share.
USGIF is similar to them only much smaller and the same sort of price action. MGN is under a buc. RVM has NO volume ,either does HL. As goes silver will go US Silver.
Taking a loss has everything to do with money management... which is absolutely crucial especially with penny stocks.
How would you know what the particular needs of the individual are ?
Losses in the U.S. are only up to 3,000 ,so I carefully choose what I want to take a loss on. There is no difference in deciding which is more or less important ,in any tax period ,a loss or a gain.
Conference call was much better than expected. If not for merger costs we would have be operating at a profit. Information on the LZ area is going to be continually posted for us. This is the huge difference in this company.These guys are going after the big prize,I'm glad to hear it.
No way would they take my question about their options but so long as they continue to upgrade these mines ,we should be at 5 bucs in 2013,if silver cooperates a little like 40-50 oz.
If all of what they are trying to do happens ,I find it hard to understand investors believing there is more value at Revett,Mines Management, Aurcana,Great Panther and yes most certainly Hecla.
The LZ in 2 years ! If it took 4 years ,we are WAY ahead of our 2 Montana rivals and I'm sure at a fraction of the cost.
People,Projects and share structure. The people know what they're doing,not doubt .I still have a trust apprehension but then I don't really trust a lot of the mining administrators. They seemed ready and willing to explain themselves. The Projects just keep getting better and the share structure ,thanks to us ,helps our value tremendously against the likes of HL or GPL and most certainly AUNFF.
I'm into holding ,no problem.
I told you ,Seismic activity in the Silver Valley is common. ALL the mines have it.Lucky might have been temporarily shut down due to seismic but the mine closed because it needed shaft work to the tune of 200 million dollars. What's ridiculous about that ?
When you make a statement that suggests seismic activity could destroy share value ,what your suggesting is false. IT HAPPENS ALL THE TIME. Your the one that has no understanding of the seismic difficulties in IDAHO and MONTANA. That's why shafts are so carefully inspected and why all the safety features are constantly being upgraded. Much better than most other places in the World.
Bordering on libel is a good appraisal of some of your statements. If you care to read back a few hundred posts ,you could find a group of shareholders that are questioning the resolve of this new management, as you are. There are definitely red flags concerning the management but all that could change .As far as the assets ,if you can't find value here staring you in the face ,your the one that needs the luck.
"They are one seismic event away from being a sub-buck stock. "
Seismic activity is common in the Silver Valley.Your statement borders on libel.
Lucky Friday was closed because of a removal problem of built up sand and concrete material which obviously adversely effected the shaft. Since then ,they were required to build a new shaft. Galena shafts are inspected regularly and are in excellent condition in accordance with MSHA requirements. So,your statement is just another shot at fear.Why oh why is the share price falling ?
"These assets aren't even that good when you examine the reports"
Really ,why do you say that ? We have better production than Lucky Friday.(when it opens) Better grade than Revett. We have Reserves of over 20 million oz's and M&I resources of 35 million. We have the new LZ zone which could be described as massive between 150-200 million more oz's. We have all our assets in one giant complex without environmental or permitting problems. Can Revett say that ? Can MGN say that ?
Who are you to say these assets are no good ? What reports told you that ?
Many of us here including myself have pummeled the management with criticism.It's not a mutual admiration society. We all know the assets are better than the competition.We also know somethings not right with the management and finally I agree that management has given themselves way too much for failure.
All this company needs to do is in 2013 is have one successful well at North Rangely and Roan Creek to go along with wells at Kokopelli and South Rangely. All leases will be satisfied and the transition of PUD reserves to PD reserves will of begun,therefore bank loans will be easier and at better interest and the companies assets will be looked at for acquisition or JV..
The only mothball could be the prices of dry gas and NGL's refusing to go up. This only means another annoying postponement,nothing more.
southpen's rule 1. When silver prices are down ,higher cost underground mines are hurt more.
2. when silver prices fly high,higher cost underground mines go up in value especially if fuel costs go up,the higher costs become irrelevant
3. physical silver is an excellent long term investment but considering that 100/oz could happen,it's unlikely it will in the foreseeable future go any further. I believe a well run silver mine ,even at costs around 20 dollars in a safe jurisdiction has a better chance than going to 6 dollars a share than physical silver has to go to 100/oz
Management and Directors must be forced into making this company more shareholder friendly. Everybody who owns now ,will eventually have decent profits and even if silver went to just 50/0z this company will likely exceed 6 dollars a share.
"The only thing I am sure of is the Drumlummon assets will bleed their cash until they do some poor financing deal with Sprott next year that includes millions more in sweetly-priced warrants."
I think your correct about warrants.That might be what this price destruction is all about.
Why are you sure Drumlummon will bleed the cash reserves? If Drumlummon gets the permit for a big miner ,then the white elephant might actually have value.
I don't agree that dollar cost averaging on a stock like this is stupid so long as you have extreme patience. Any under handed deal with financiers eventually has to resurface. What River and Bullion have to do is make inquiries to the company today about the destruction of their value.
Nobody ever wants to rock the boat because of the fear that it could make things even worse.I totally disagree,it can't get any worse.
I've explained that my biggest criticism is the options and I've never had a return answer.I don't believe it is something they will entertain ,"live".
We could be missing something but the assets of this company are twice what they were at the time of the HL offer ,so I think investors in general are giving way too much value to Hecla . Greens Creek has a short life. Lucky Friday is plain and simply not as valuable as the Galena Complex. This is not a time that huge production matters as much because silver is low comparatively to where most experts think it will go.
I strongly urge Bullion and River to start speaking up for themselves with the company and hold tight.
In times like these with silver's eventual rise ,more investment interest is focused at big deposits. We have one, but as I have said it has been marginalized and Blasutti must be called out for this mistake. Who knows ,maybe he has a plan of action to create interest. That's apparently why he was touted as the saviour. Well ,it's show time..
I still think Woodrush could be a valuable asset but with funding primarily going towards American interests ,where at this point they should,it leaves Woodrush to a tiny exploration budget which unfortunately was used this last quarter(600,000) to repair the main well (reason for the big short fall).It's fixed but money that could of been used to explore the conditions for deep wells was spent elsewhere.
After the American properties are all operating and satisfactory lease holds (like Kokopelli just was),we could see a big budget plan to go after Woodrush deep oil. We need about 5 million for that but who knows what kind of cash might come our way from the many American assets or of course Woodrush could itself,be sold.
I guess your defense is that you are too ignorant to understand what bankruptcy is. Nothing remotely resembling bankruptcy is at Dejour. Operating at losses in exploration circumstances is quite normal
What bigroller1 just stated is untrue and therefore libel. You cannot make statements that harm the value of the company when there is clear evidence to the contrary. Do you read the data available on the SEC website?
I think your safe bullion. Their options are at 2.23,ironically right around resistance. ????
They have 3 million plus another 1.3 million in a credit facility unused. Losses are because they are spending money on early exploration. Kokopelli and South Rangely .If you finally can grasp that this is essentially an exploration company with huge PUD reserves and the production at Woodrush has simply been there to establish cash flow during the 3 year wait at the Colorado properties.. .
support is about 1.98 ,resistance at about 2.25,so I think 2 bucs will be lined up. I think this is orchestrated .When nothing, in all practicality makes sense,the reason is usually clear that ulterior motive is in place.
The only positive news that has come to us since the formation of the newco is the LZ . This news should have propelled this stock into orbit.
We have between 150-200 million oz's of silver on our own permitted claims within the reach of our own excellent infrastructure and we, "lose price value."
The only explanation is that our superstar management has not sold this incredible silver -lead deposit to the public and the institutions. Isn't that what Mr. Blasutti was heralded for ?
The share price is a direct result of negative feelings from investors towards management in the retail arena .The institutions will use this opportunity to buy into the company on the cheap.(possibly through loans). Long term retail shareholders seem to be the suckers,paying for the expansion and losing personal value. The dwindling share price has nothing to do with the assets of the company which are largely unknown to investors ,other than longs,which as already suggested are being ushered out.
That's my opinion and I hope the longs here agree,and actually voice that interpretation of the price slide to the Directors and Management.
I already explained why ,the fundamentals say this stock has been disappointing but.... 95% of daytraders lose money and by following the herd ,most get burned . Fundamentally ,looking at the NAV ,that cannot happen.
1. Can you trust management.
2. Are the assets real / have realizable value.
3. Are the assets solidly attached to the shares.
(taken from downsideup on another board)
1. Yes
2.Yes
3.Yes
So whats the problem ? Main Assets have not had the chance to realize their value ,yet
Why ? permits are fairly new after a 3 year wait. Dry natural gas and NGL spot prices have not cooperated so far.
Too much attention from investors spent on Woodrush .It still has promise but as the new junior asset since Kokopelli permitting ,it has not performed as well as it should,possibly because of funding not directed at it.
Large retail base makes the chart guys believe the price can be assumed. Experienced technical traders have been proven wrong on this stock over the last 2 years. Now only if they would admit it.
Fundamentals rule situations like DEJ.
1. Can you trust management.
2. Are the assets real / have realizable value.
3. Are the assets solidly attached to the shares.
1. People - unknown (not a good sign)
2. Projects - excellent (unless badly managed)
3. Share structure - very good at this juncture but back to options. Are we to expect more of the same.This leads us back to people.
I think your 2nd point has been answered,your 1st is unknown and 3rd is a of course related to 1st but already has proven to be bad for us.
That is complicated by what management caused the merger and that is more correctly pointed at 3 present Directors ,whom I've already asked for resignations. (unless they can prove they had voted against a merger)
I'm waiting on an answer to why options were given at 2.20 ish. Pridham suggested 3 bucs as the new company entered the market. I think that should have been the minimum. I believe in incentive options at 110% above the current share price (whatever that might be ,at a specific time of year,not changing from year to year) 5 year limit with 20% being vested per year.
If I ask the question at the CC ,Do you think I would get an answer other than that they are following industry standards.?
Industry standards are bad. If I wanted to gain a lot of notoriety ,"quick",with my new leadership of a silver company ,introducing incentive options for managers with a shareholder friendly twist,I think the 110% model would be beneficial, "for the capital structure"
Where would we be now ?
I guess the markets just are not going to cut some slack. No matter how good our Galena complex is,it's marginalized because of the merger and what that did to the shareholders equity.
I guess at this point we would have been better off doing a 1 for 10 share consolidation and had our US Silver at about 33 million shares. ...then Hire a new CEO . Period.
Itsnotwhatyouthink ; I'm pretty fed up with the transparency issue's . I don't like options being awarded at 2.20 ish when Pridham resolved the stock should open at 3.00 area following the merger.but ....
Us Silver &Gold has better assets than Aurcana .I'll argue that point for years. Just because something kinda odd '\,to say the least is going on over at USGIF does not mean that AUNFF won't have they're time in the spotlight. They will,and when things start not to pan out over there ,it's going to get a lot worse than here.
We will, within a couple years likely have deposits similar to Revett and Mines Management while having improving operations . (better than either of those companies) We have been through the consolidation crap that Aurcana must do ,in their near future. They are just not big enough considering their capital structure with so few reserves (if any )and even a relatively small resource considering that scary share structure.
Us Silver is down because of exactly what you've suggested,the terrible relationship management has developed with it's shareholders. I've explained costs per oz before.USA can and will present their costs down in the future. Mechanical means and the advantage of gold by product is how HL does it.No reason why we can't . We should be selling higher than them ,presently.
Your telling people here to jump off and join AUN at a 1.10. and this is to lower their risk ? I would advise extreme caution when listening to that .
southpen
There is just no reason for investors to buy this stock.
Yes,I think your correct and since someone is going out of their way to try and lease shares for short interest ,it seems the pending news is bad. Only someone on the inside would know this.Maybe a miner ,maybe a buddy to someone in management. Who really knows ?, but the fact is that this management has lost the the best advertising in the world, happy shareholders whom are informed and trust them.
The company has no cash problem . Less than 6 weeks ago they had about 3 million in cash and another 1.3 million on their credit facility if needed.
They have extended their leased lands and are starting to prepare for a North Rangely exploration well. The plan is to get maximum production from just 1 well on each of the American Properties . This will greatly improve the NAV of the company. Kokopelli and South Rangely done with North Rangely and Roan Creek to come. Compare debt and PUD's PD's to competitors .This company is looking ready to break out of it's slumber by proving it's value. Once that's successful or as it happens the share price will follow . We could use a little help from NGL prices ,still very low which is why the company is not exploiting Kokopelli with multiple wells just yet.
How many times do you base the value of this company on Woodrush ? Who cares about beating earnings ! The price is following the part of the company that is not stellar,to say the least.
Kokopelli,South Rangely will be tied in .This changes the entire institutional perspective of this company .Roan Creek and North Rangely are next. 1 producing well on all these properties strategically changes the asset value of the company .That's why some of us have stayed here for years
. Follow your own advice and find better prospects.
Without devaluing the dollar our exports will decline.Without devaluing the dollar (like you suggest),our debt IS larger. If Romney's plan to become fiscally responsible actually is implemented ,he will require to raise interest rates . That's his idea !
That will make interest payments on new debt break us.
I've never agreed with helping these lackluster banks but they are involved in a long term scheme by the U.S. government to lower our debt through devaluation.Too many Republican voters seem unable to comprehend this.
Gold & Silver investments should be maintained whether Obama or Romney.Little difference imo,for investment purposes over the next 6 months,post election. Eventually new script of sorts will be established ,backed (at least in part by G&S) . Our current USD and associated currencies will devalue,which in a strange twist WILL help us ,if one thinks all the effect through.
Can somebody with Canadian data verify that USA is being shorted ? What funds in Canada does it belong to exclusive to Canada ? I now have extremely limited information since the change to the symbol for U.S. investors from USSIF to USGIF. Generally it takes 6 months for a symbol to start generating data that can be used on most sites specializing in analysis.
With a huge resource at the Galena Complex projected at between 150-200 million oz's of silver ,plus the existing 35 million ,the company total resource could rival Hecla which is at about 280 million .
Hecla share structure is 5X USGIF and Hecla's resource is over 5 different locations from Alaska to Mexico. To be fair Hecla has much lower costs at this time ,mainly due to mechanical extraction and 50,000 oz's of gold as a by product but when USGIF develops LZ,I'm sure mechanical methods can be incorporated ,possibly easier.
Also, we do have the Drumlummon mine which could surprise us all and bring in 25,000 oz of gold ,longer term or at least as long as Greens Creek With the gold being factored into cash costs and savings from the fact that we mine everything from 2 relatively close locations ,it gives USGIF a unique advantage in the long term. Even short term ,with the share structures so far apart we should pass them in share price.
It all has to be digested and reported by analysts and institutions before we see the surge ,imo. As usual the price of silver is of paramount importance ,not just for costs and revenue's but for sentiment.
We have a mixture of low grade about 60-70% and high grade 30-40%. The lower grade is lower than GPL's 2 mines on average and the higher grade is higher than GPL's 2 mines on average .
The advantage is ; it's one deposit ,not 2 which means bulk tonnage on claims with no permitting resistance close to infrastructure. It's a BULLSEYE.
Too early to speculate but if this deposit was found as a greenfield deposit by strictly an Exploration company ,the company would be valued at roughly what our share price is now, considering the share structure was similar ,therefore our company should double,if given fair market consideration.
This is what I've been waiting 2 years for . I'd heard from research into past producing mines in Idaho that there was a lot of lower grade silver that was never considered because of 5-10 dollar/oz silver prices.
43-101 compliance prevents companies from making estimates based on historical assays or surveys and most especially opinions. Sunshine mine has had similar types of opinions. I'm saying the lower 100 million oz's but if we factor in 200 million and believe the price of silver will go past the 50-70 oz marks then what we are looking at is a complete turn around for this company .Something that should have happened over a year ago.
I was trying to convey this to shareholders before the AMEX debacle. We didn't need to look as good as our competition because we had what it took to be a lot better. Everything else would come in time.All we needed to do was prove what many people in Idaho already suspected for years.
Capex is becoming a huge part of valuation and developing these zones will take a lot of cash but comparatively to HL,MGN or RVM ,we are laughing out loud. The figures will take time for institutions to grasp because non of this was ever allowed to be postulated. . All anyone from an institution has ever heard of from US Silver is that it's a solid producer of silver for about 8-12 years. Well, I think the speculation of continuance for 30 years is now a reality.
This brings a potential resource in line with RVM and MGN with a much cheaper CAPEX to get at it and no environmental hurdles. I don't know what's going to happen to the share price but the shareholders now have some evidence that it is US Silver that should be noted as the top company in Idaho/Montana.
No question now. Blows away Lucky Friday. This is looking very bad on HL now. US Silver has the potential to be near as big as HL with about 20% of the shares. RVM and MGN are not in the same league anymore.
It'll take some time to let this information digest but when you have potentially a 100 million plus resource surrounded by infrastructure with no hindrances and a tight share structure with a producing mine ,you have a 5-10 dollar stock easy,near term.
That's a very real possibility. I was preaching the merger talk (with an AMEX listed company ) long before the RX deal. Obviously ,nobody at the company thought it was a good idea or nothing was available or Pridham was"absorbed in something else" and couldn't orchestrate a deal if it landed on his feet.
Why do I believe that a merger with an AMEX listed stock is a good possibility now ?
Thankfully Pridham is not in charge. His role is extremely limited. Blasutti is into growth, BIG TIME,and mergers generally result in growth. (with obvious exceptions)
Pridham was looking for someone to TAKE CONTROL,whereas ,Blasutti is looking for more people and assets, TO CONTROL. BIG difference's are obvious....
I just read an article on Steve Forbes saying he believes a Gold Standard is inevitable. It makes me think that owning a producer of gold &silver might be a defensive play.
I realize it's not the same as physical but I do believe Blasutti is a CREATIVE guy,and it (Gold Standard talk) could be the catalyst to this company's value soaring.
There are NOT many strong producers of silver in the U.S. and Canada and IF the GS conversation got serious,producers of silver in Asia,South America and Africa would NOT have the same stability of investment as would something where the mines are in North America. USGIF will be regarded as a safer investment and will not be treated at 28% tax ,as would gold or silver bullion .
The problem is Fenchel, our management are the guys that basically took advantage of 3 of our BOD's.(that's the kindest way I can put it.) Edwards,Brock and most especially Pridham really should leave the company ,if shareholders had any say. I don't care how much experience we are losing. They acted in ,NOT our best interests.
I do believe that the new management is better and IS acting in our best interest,BECAUSE ,"it IS in", their best interest to do so ,at this juncture.
Nothing will change here until the management starts to do what they claimed they would do ,before they were in charge. I've been told that the communication from management to it's shareholders is a key part to the success of this company. Blasutti's background with Barrick IS ,"investor relations" and corporate development. That is, what has been missing since they took over. Look for it to begin soon. We are into the 4rth quarter and I would expect a lot to change leading up to a Q4 conference or at very least an extensive report on what's going on.
I received a return call from IR and am told transparency and cooperation with shareholders is a priority and this will become more evident.
My "options " complaint is being reviewed by Blasutti himself. Looks good,to me .
. I still believe Edwards ,Brock and Pridham should resign from the BOD for unsatisfactory major decisions . Plain and simple. I realize they are part of this superstar line-up (they are certainly qualified), but there has been nothing forthwith that has supported a beneficial market response to the share price concerning the merger,therefore ,it's plain those responsible should leave.
Lets get on with all the unique and valuable exploitation of this company.It astounds me how much better this companies assets are comparatively using share structure as our advantage , to GPL and AUNFF