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A STEAL !!!!
PAAS just bought out MFN for 15$/Share
AMAZING AND CHEAP !!!!
AUMN IS NEXT ON THE LIST !!!!
A STEAL !!!!
PAAS just bought out MFN for 15$/Share
AMAZING AND CHEAP !!!!
Very nice, should go higher.
Very cheap here.
Jay Taylor, Gold, Energy & Tech Stocks (1/13/12) "Golden Minerals Company reported significant operation improvements at the Velardeña project since its merger with ECU Silver Mining Inc. on Sept. 2, 2011. . .the company has enormous growth potential , and I believe the kind of values these shares reached in 2010 can be reached again and that a liftoff may well be just getting underway now. . .the acquisition of this property by this management team that is highly competent in mine operations has enabled the company to generate positive cash flows from which to develop its very strong portfolio of mining projects."
Chen Lin, What Is Chen Buying? (1/13/12) "This morning Golden Minerals Company announced excellent news. Its Q411 production far exceed guidance. . .I think this news is likely the company's turning point since the brutal sell off last year. I've followed the company for a long time; the management team has a lot of experience in operating mines. This shows that they are finally turning the mine around. I read a report on silver mining, and Golden Minerals right now is probably one of the most undervalued silver producers in term of silver ounces in the ground."
Jay Taylor, Gold, Energy & Tech Stocks (1/13/12) "Golden Minerals Company reported significant operation improvements at the Velardeña project since its merger with ECU Silver Mining Inc. on Sept. 2, 2011. . .the company has enormous growth potential , and I believe the kind of values these shares reached in 2010 can be reached again and that a liftoff may well be just getting underway now. . .the acquisition of this property by this management team that is highly competent in mine operations has enabled the company to generate positive cash flows from which to develop its very strong portfolio of mining projects."
Chen Lin, What Is Chen Buying? (1/13/12) "This morning Golden Minerals Company announced excellent news. Its Q411 production far exceed guidance. . .I think this news is likely the company's turning point since the brutal sell off last year. I've followed the company for a long time; the management team has a lot of experience in operating mines. This shows that they are finally turning the mine around. I read a report on silver mining, and Golden Minerals right now is probably one of the most undervalued silver producers in term of silver ounces in the ground."
Jay Taylor, Gold, Energy & Tech Stocks (1/13/12) "Golden Minerals Company reported significant operation improvements at the Velardeña project since its merger with ECU Silver Mining Inc. on Sept. 2, 2011. . .the company has enormous growth potential , and I believe the kind of values these shares reached in 2010 can be reached again and that a liftoff may well be just getting underway now. . .the acquisition of this property by this management team that is highly competent in mine operations has enabled the company to generate positive cash flows from which to develop its very strong portfolio of mining projects."
Chen Lin, What Is Chen Buying? (1/13/12) "This morning Golden Minerals Company announced excellent news. Its Q411 production far exceed guidance. . .I think this news is likely the company's turning point since the brutal sell off last year. I've followed the company for a long time; the management team has a lot of experience in operating mines. This shows that they are finally turning the mine around. I read a report on silver mining, and Golden Minerals right now is probably one of the most undervalued silver producers in term of silver ounces in the ground."
I'm here, volume attak on AUMN right now.
I'm watching !!!!
Short Interest (Shares Short)
32,629,000
QRM, do you see somthing positive ?
5$ looks possible...
Daniel Earle, TD Newcrest (1/12/12) "Golden Minerals Company provided a comprehensive update for its Velardena operations in Mexico and announced plans to rationalize the company's large exploration portfolio; following Golden Mineral's merger with ECU Silver in September, production at Velardena has significantly exceeded both company guidance and our expectations. Golden Minerals produced 90 Koz silver and 1.3 Koz gold compared with our forecast of 22 Koz silver and 0.5 Koz gold and guidance of 42 Koz silver and 1 Koz gold."
Wayne Atwell, Rodman & Renshaw (1/12/12) "Golden Minerals Company reported operational improvements at Velardeña. . .payable silver produced from September to December (four months) ran 90 Koz vs. previous company guidance of 42 Koz, with gold production running 1,300 oz vs. previous company guidance of 1,000 oz. . .the company has made significant progress improving the head grade supplied to the oxide mill; it increased 70% over the grade in August. . .we are increasing our price target to $14.55/share from $13.63/share."
Aurico reports preliminary fourth quarter production results; sees Q4 revs of $154 mln vs. $196.62 mln Capital IQ Consensus Estimate (AUQ) 8.72 : Co reports Q4 production of 72,119 gold ounces and 1.1 million silver ounces, or 92,815 gold equivalent ounces using the actual gold equivalency ratio of 54:1 realized during the quarter. Cash cost of $680 per gold equivalent ounce using the actual gold equivalency ratio of 54:1 realized during the quarter. Included in the costs are the higher cash costs reported from the recently acquired Australian-based mines, the El Cubo mine as it depletes high cost stockpiles and converts mining methods as well as costs associated with the mine re-sequencing at the Ocampo mine. Increased quarter-end cash balance of $179 million.
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. A feasibility study has not been completed on the Butte Highlands project, and there is no certainty the proposed operations will be economically viable.
Dear Clients,
A press release titled, "Golden Minerals (AUMN) Reports Significant Operational Improvements at Velardena and Company Strategic Direction" (
http://www.goldenminerals.com/press.php) was issued January 11, 2012 and discusses enhancements that the company made to their gold and silver production in Q4 ’11. Additional improvements in mine development and ore recovery should allow Golden Minerals to expand production throughout 2012 and become operationally cash flow positive by mid-year 2012.
Furthermore, AUMN plans to expand the size of the existing sulfide mill from 320 to 650 tpd. Along with "operational improvements to the existing 500 tpd oxide plant could result in annual production rates of up to 2 million ounces of silver and 29,000 ounces of gold by 2013."
Ultimately, the company plans to construct an additional 2000 tpd sulfide mill which "could result in annual production of up to approximately 4 million ounces of silver and 80,000 ounces of gold" by 2015. At current metal prices, this would generate annual cash flow of $251 million—greater than the ridiculously low market cap that Golden Minerals had declined to at the end of 2011 amidst hedge fund shorting and tax-loss selling. Fortunately, just two weeks into 2012, AUMN has recovered 32% from the 2011 close.
More gains are anticipated as the metal prices continue to recover and the market psychology for the sector continues to improve. Furthermore, John Hathaway, manager of the Tocqueville Gold Fund predicts that a "terrific short squeeze" will trigger a significant recovery for gold and silver mining stocks (attached). According to Hathaway, "We had extreme readings in terms of sentiment, measured any number of ways. Usually that means you are into the dry heave stage where there is nobody left to sell."
Wistar W. Holt
January 11, 2012
It was a complex mix of things that ended with a very surprising share price outcome that was way oversold.
First off the AUM share price was already declining some before the merger as a result of the delay with the PEA and change of development plan at El Quevar. This for me is a good thing because they are going to transition from a 100% under-ground plan to a combination of open pit and under-ground. The more they drilled and evaluated the more they saw maybe they moved to fast on the initial development plan. The market sentiment on this was mixed as it always is when a serious change occurs. But for ECU shareholders it helped lead to this merger which is a big plus for us and AUM shareholders in my view for they acquired, a confirmed second world-class opportunity that was closer to serious production than El Quevar was now going to be.
The other events in no particular priority are mergers create questions because of change; poor precious metals market from late August to now and especially poor share PM share market; ECU brought a short seller to the merger deal; some institutions decided to take money off the table and wait to see how the merger gels; lots of retail shareholders of ECU (even many on this board) dumped their share position or greatly reduced them for a variety of reasons; tax loss selling; new shorts betting the merger wouldn't work, both official shorts and maybe some naked shorts; I know of one major seller from the ECU side (not to be mentioned as this is their business) but most of the main large investors like Galtere, Holt & Shapard Capital Management, Sprott, and some very large private investors remain vested including our largest private investor; some wonder if the mills will ever produce as planned but this is minor to me as the AUM team has extensive operational experience and they wouldn't have invested a penny if they thought this was a concern, actually this was a lay-up to them and they immediately saw the opportunity when they did their DD. The ECU Company explored many options over the previous year and the reason the Golden Minerals merger deal went through was because it was the best approach for ECU shareholders going forward in the long term.
I might add that almost everyone of experience who ever visited the ECU property came away impressed with the opportunity and this includes large investors, major companies, mid-sized companies, letter writers, investment analysts, off-takers, etc. I would guess not one person who doesn't believe the story has ever visited the properties and many, like a couple I won't mention, have never even talked to the company management.
I can say absolutely for certain it was not Michel Roy who sold the stock and certainly not me as I own more than ever before as a result of buying it all the way down post-merger to the very low. My view hasn’t changed even if the market roughed me up since the merger, in fact I’m more positive about the opportunity.
I realize this may be easier for me than others because everyone’s circumstances are different as is their tolerance to stay patient when markets seriously mis-price assets which they do most of the time, either up or down. I have come to the view that markets are rarely right anymore but do get it right eventually and the differences can be huge with lots of volatility.
I will give an example, I am a large shareholder in a company called Orbite (ORT) since a major financing at .45 cents in the fall of 2011. This company has gone from .45 cents to 5.69 then back to 1.25 and then to 3.81 and then to 2.12 and now near 2.90. This was all basically in one year and still the market doesn’t have it right, not even close, yet many shareholders have been flushed and don’t nor can’t understand what is going on, markets rarely get it right with the new algorithms running where technicals and fundamentals mean less and capital flows mean everything, especially who controls those capital flows and how large they are. We know this lesson only so well in the precious metals sector and learned it the hard way with lots of anxiety and stress.
Jay Taylor, Gold, Energy & Tech Stocks (12/31/11) "Golden Minerals Company is in production and has a strong operating team that can be counted on to improve operations and produce efficiently going forward. Total resources (all categories) are as follows: 212 Moz silver, 2.1 Moz gold, slightly over 1 Blb lead and 1.2 Blb zinc. On a valuation basis, this looks like one of the least expensive new silver-gold producers, despite the fact that it has this very significant resource base, a very strong and proven management team and a very solid balance sheet with more than ample cash and no debt. For all of the above reasons, I am ranking this my number one silver stock pick for 2012."
Jay Taylor, Gold, Energy & Tech Stocks (12/31/11) "Golden Minerals Company is in production and has a strong operating team that can be counted on to improve operations and produce efficiently going forward. Total resources (all categories) are as follows: 212 Moz silver, 2.1 Moz gold, slightly over 1 Blb lead and 1.2 Blb zinc. On a valuation basis, this looks like one of the least expensive new silver-gold producers, despite the fact that it has this very significant resource base, a very strong and proven management team and a very solid balance sheet with more than ample cash and no debt. For all of the above reasons, I am ranking this my number one silver stock pick for 2012."
Jay Taylor, Gold, Energy & Tech Stocks (12/31/11) "Golden Minerals Company is in production and has a strong operating team that can be counted on to improve operations and produce efficiently going forward. Total resources (all categories) are as follows: 212 Moz silver, 2.1 Moz gold, slightly over 1 Blb lead and 1.2 Blb zinc. On a valuation basis, this looks like one of the least expensive new silver-gold producers, despite the fact that it has this very significant resource base, a very strong and proven management team and a very solid balance sheet with more than ample cash and no debt. For all of the above reasons, I am ranking this my number one silver stock pick for 2012."
Jay Taylor, Gold, Energy & Tech Stocks (12/31/11) "Golden Minerals Company is in production and has a strong operating team that can be counted on to improve operations and produce efficiently going forward. Total resources (all categories) are as follows: 212 Moz silver, 2.1 Moz gold, slightly over 1 Blb lead and 1.2 Blb zinc. On a valuation basis, this looks like one of the least expensive new silver-gold producers, despite the fact that it has this very significant resource base, a very strong and proven management team and a very solid balance sheet with more than ample cash and no debt. For all of the above reasons, I am ranking this my number one silver stock pick for 2012."
AUMN back up with rage !!!!
From 5$ to 8.50$ in days...
AUMN back up with rage !!!!
From 5$ to 8.50$ in days...
AUMN back up with rage !!!!
From 5$ to 8.50$ in days...
Results from hydrology studies at Butte Highlands indicate the need to
pump and discharge more water from the mineralized area than previously
anticipated. The project will require an additional water discharge
permit and the construction of additional water treatment facilities.
Subsequently, Highland is now targeting the issuance of the Hard Rock
Operating Permit in mid-2012, and the commencement of shipments to the
mill later in the year.
Full
Sep-Dec Sep-Dec Year
'11 Fcst '11 Act Q1 2012 Q2 2012 Q3 2012 Q4 2012 2012
-------- -------- -------- -------- -------- -------- --------
Production (payable metals)
Gold (oz) 1,000 1,300 1,300 2,000 2,600 3,100 9,000
Silver (oz) 42,000 90,000 90,000 150,000 230,000 270,000 740,000
Good volume...
Short are very nervous here.....
AUMN ON FIRE ON SILVER SURGE !!!
ANY CHART AVAILABLE ??
AUMN ON FIRE ON SILVER SURGE !!!
ANY CHART AVAILABLE
AUMN ON FIRE ON SILVER SURGE !!!
ANY CHART AVAILABLE ???
Silvercorp Metals confirms it sues Jon Carnes, His EOS Holdings and Zane Heilig as 'Alfred Little'/'IFRA' in Silvercorp amended lawsuit (SVM) 7.07 +0.29 : Co filed an amended lawsuit in the Supreme Court of the State of New York, County of New York, adding EOS Holdings LLC., Jon Carnes, Zane Heilig, Andrew Wong and International Financial Research & Analysis Group ("IFRA"), as defendants. The original claim, filed on September 22, 2011 alleges that defendants Chinastockwatch.com, Jerry Katz, Alfredlittle.com, Alfred Little, Simon Moore, and several "John Doe" defendants with spreading "false, defamatory and fraudulent" information about Silvercorp on the Internet and in letters to the media and regulators to drive down the price of Silvercorp's stock to profit from their short positions in the stock. The defendants have not yet answered the Silvercorp's suit and the allegations remain to be proved. Silvercorp has conducted extensive investigations to support the allegations concerning the involvement of the various parties who have been added as defendants.
USLV back up with rage !!!
USLV back up with rage !!!
Kimber's Monterde is profiled to produce 60 thousand ounces gold and 1.9 Moz silver per year for about 12 years. The capital costs there are going to be somewhere in the order of $125M. It's the typical profile of a small, yet executable, profitable, low-risk acquisition that companies can achieve without getting involved in an extremely competitive process on overly sought-after assets.