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Agreed. There are miners who want to work and will work regardless whether it's a union position or not. With analysts predicting a negative earnings Q3, they could be in for quite a surprise. Looking forward to November to see how Q3 turned out!
AK
There's a reason The Cork only held one miner long-term (HL). We'll see $40 again.
AK
USW Local 5114
September 24 at 7:50 AM ·
Special meeting, Sunday, Sept 30th,7pm, Mullan Pavilion. Discussion on upcoming contract ratification vote & other issues.
AK
If we do, I hope you're buying! What happens when the Lucky Friday strike is settled? Analysts say a loss of $.017, but they said a loss last quarter and it came in at positive $.01! I've got more faith in HL than the analysts. GLTA Remember, there's a "special meeting" of the union on Sunday, but who knows if it's related to the strike or not.
AK
Lucky Friday union local has a "special meeting" on Sunday. Sure hope it's relative to strike resolution. Then watch HL take off!
AK
Feel the same way, Pro-Life. Stacking more each month. No worries. Hecla has been killed with the rest of them is an incredible buy at this point in my book. Stacking physical in the meantime.
AK
It truly is going to be exciting to watch, enjoy and profit from!
AK
And a very fine report it was!!
AK
Having experience with collective bargaining on the corporate side, I definitely know that the union will continue to deplete their resources and tell the minors to not agree with the company. Otherwise, they lose face and the membership dues from members that truly were willing to work under the revised contract. Obviously, the company has already given in to some of the demands, but is standing strong on their business model.
AK
Been buying more the past few days myself. Nice to see the Q2 report. While they were totally non-committal on Lucky Friday reengagement with the union, once it does happen, it's off to the races. Nevada is going to contribute alot as well! GLTY
AK
Smart man! Got another nice package from JM Bullion today to add to the stack!! Free shipping of course.
AK
It's not a pure science for sure. What I work with is if I see a 5% down day, it's a buy. Generally, with HL, you'll get another up day following. You also get alot of daily moves up, then down. Afterhours, it's up 4 pesos right now. It dropped a bunch today, then came back, so maybe a good up tomorrow. We'll see. If they ever settle the strike at Lucky Friday, then it's off to the races!
AK
And there ya go! Another nice 10% in two days.
AK
You are correct on all 3 counts. Likewise, I've been waiting for sub 3.50's and scored around 3.33-3.39. If you watch it close, Hecla can give you some nice swings. Good luck!
AK
It was a better get-in below 3.50, but don't know if we'll see that again before the uprising. Have my position, but would like a lot more if it get's there again. Bob's only long-term miner holding.
AK
Thanks for sharing, JD. Total respect to Bob for the PM advice he's given me over the years. Stay long HL, he said. Good advice, and I've made a couple of sheckels playing the roller coaster.
AK
Who knows at this point? Was thinking I'd buy some more on the cheap today, but that didn't happen! Maybe it is time for the PM's to shine. HL is worth alot more than where it's at, but until the strike is dealt with, I don't see too much short term upside short of an upshoot in the PM's.
AK
The votes have been counted!!
123 against arbitration
51 in favor of arbitration
So, the standoff continues. One side or the other needs to cut its losses.
Good on the miners for standing their ground and good on Hecla for agreeing to arbitration and taking the coin toss. At least Hecla agreed to the coin toss. Wish the union had done so as well. Guessing that the union stance was that they would lose in arbitration. Methinks I'll be buying more HL tomorrow on the down.
AK
The dividend is in fact .0025 per common share. Went ex-dividend today. Hope the union votes to accept the arbitration route. We'll all get back to work and making money.
AK
Whether or not to agree to third-party arbitration as HL did or remain on strike, I believe. Hope they agree to arbitration. Who knows which way the arbitrators will decide. Either way, it's back to making money for both parties. Wouldn't mind grabbing some more sub-3.50's again before the jump!
AK
Had to add to holdings this week as the price tanked. Looks like my timing was fortuitous. Hope they settle the strike and get LF back in business!!
AK
I'm a lousy chartist! If you know how, would you look and see? Would really appreciate it. Thanks Edge! Perhaps someone else could chime in who knows charts better?
AK
What do you think about the Ichimoku driving through the 50 and 200 MA's? Any idea when that happened last?
AK
Yessir! It's going to blow or it's going to keep doing what it's been doing. Hoping for the blow with the disfunction geopoliticaly and in Washington. Been adding to my favorite miner (HL) and picking up more VXX when the numbers are right!
AK
Yep. However, butt-ton of volatility after hours on low volume as well. Tomorrow's going to be fun, methinks, CD.
AK
Thanks, JD400. I'm smelling something and it must be something on the other side of the fan getting ready to hit the fan! Gotta get back up to Anchorage and get me some more PHYS!
AK
Yes, it SHOULD! I'll provide a link to your post on the HL board. Should send more eyes over this way as well. Thanks, Edge83!
AK
Borrowed from The Cork's page at "Mining and Metals Du Jour".
Thanks Edge83
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131183550
I like it when it gets fun!!!!
AK
Thanks Cork! I love this board and appreciate everyone's contributions and insights. It's somewhat of a panacea from the every moment blasts of information that's mostly irrelevant. PLEASE keep up with your good work and have a good Saturday night dart-fest! Glad you're holding your HL. My only junior holding as well.
AK
That is correct. It's been an income stabilizer, but not much of a contributor due to it's all in costs of production. Unless the company can get concessions from the union that will allow it to operated more profitably, I don't look for the union to be there long.
AK
Sounds like acquisition time on a pretty big scale to me!
AK
Alaska has no state sales tax or income tax. Local and borough governments, however, do implement sales taxes.
AK
Your succinct verbosity blows me away, cork. You da man! Always appreciate your telling information and intuition. Thank you!
AK
Dang, now that's some straight shooting that feels familiar! Thanks Cork!
AK
It's off 27% from 1-year high. It's buying time, IMO. Hecla remains one of the best in it's class! Expiry is over and the State of the Union is in about 1/2 hour. Which way do you think it's going tomorrow?
AK
Needed a haircut like the rest of the miners. Now hold on for the ride IMO. It's going to be like a roller-coaster!
AK
Got within 2 cents of the 6.20's today on Hecla, goforthebet! Decided not to wait and hit the 6.31's for a few. Hoping for a good Q in the morning!
AK
Problems at Hecla's Lucky Friday just in time for Q4 news. Geeeeez Louise! Average employee over $84000/yr plus benefits and they're striking?
http://www.bing.com/news/apiclick.aspx?ref=BDIGeneric&aid=5021FF6D1971DEF2E613F5DAD265192472D38E86&tid=6ACA066E1CA2455BBA705B7893F83FE2&url=http%3a%2f%2fwww.shoshonenewspress.com%2farticle%2f20170221%2fARTICLE%2f170229996&c=10968295278868372216&mkt=en-us
AK
Problems at Lucky Friday just in time for Q4 news. Geeeeez Louise! Average employee over $84000/yr plus benefits and they're striking?
http://www.bing.com/news/apiclick.aspx?ref=BDIGeneric&aid=5021FF6D1971DEF2E613F5DAD265192472D38E86&tid=6ACA066E1CA2455BBA705B7893F83FE2&url=http%3a%2f%2fwww.shoshonenewspress.com%2farticle%2f20170221%2fARTICLE%2f170229996&c=10968295278868372216&mkt=en-us
AK