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.
cde +.11 to 5.71
Coeur up a little after reporting third qtr loss. Most other miners are down with gold and silver prices. They are on track to meet 2019 guidance IF they get a blockbuster qtr out of their underperforming Silvertip mine. This is primarily a base metal mine with silver byproduct. Base metal production will have to triple or quadruple in Q4 to meet annual base metal guidance. I doubt they hit those marks, especially with low base metal prices but they reaffirmed whole year guidance. Maybe they think market won't care if they hit precious metals numbers and miss on lead or zinc.
Several of their mines are producing at a profit and overall free cash flow positive, which is the new mantra with some miners.
https://finance.yahoo.com/news/coeur-reports-third-quarter-2019-213000153.html
gold and silver look like they may be about to begin another run. The miners acted pretty positive even though gold and silver were even to slightly up. Hoping for a runup into year end tax loss selling.
Re: AR.to C$2.15
looks like a good miner. Conservative balance sheet, already profitable and recent boost in gold prices should add around $7million to gross revs and profits, resulting in about .07eps or a little more than double last qtr's C$.03.
Stock rose after June/July runup in prices but has been sliding back pretty hard lately. Another example of investor's hating miners.
Watch for earnings from precious metals miners... Gold has moved from 1250-1300/oz to $1500/oz and silver from 15 to $18/oz. These moves may not seem like much but will result in dramatic increases in cashflow.
Two examples this week.
AEM, Agnico Eagle is a mid tier producer. Announced earnings yesterday.
Moved from a loss to a profit of .05. But maybe more important, boosted dividend 40%. In today's yield hungry world, miners could become a source of dividends and attract attention.
Yamana Gold, AUY, announced today and boosted dividend by 100%.
Miners are still selling for peanuts and haven't responded to the rise in commodity prices of gold and silver yet. Q3 is the first qtr that will show a full qtr of the increased prices. Obviously you want miners who don't have a lot of production hedged at low prices. You also want decent sized producers so the $200/oz has an impact on top line revs.
I like CDE, due to improving results and minimal hedging. AG is the biggest pure silver producer so I am holding options on it.
Such a sad situation. Politicians know what all this money printing will lead to but they are so desperate to get re elected that they don't want to rock the boat. Wall Street guys are so hungry for commissions that they just want the gravy train to keep going. They don't care about consequences.
Of course, they changed the laws so the next crisis will lead to consumers paying directly via Bail ins so the politicians won't have to get their hands dirty. Throw the bums out!
You'd think some politicians towards the end of their careers would have the integrity to stand up and say this is wrong. So wrong!!!!!
And what about the independent FED? Career bureaucrats don't need to get re elected! Speak the truth!
are gold and silver back for another rally or just a head fake.
Gold and silver were extremely strong this morning after a good day yesterday but gave back most gains. Now bouncing again.
Is this a followup to the vertical rise that started 5/31? or another disappointment?
Could be just some folks loading up prior to next Fed rate drop next week.
Earnings
Mining rally has stalled and sagged a bit. Reflex reactions to trade deal or not have captured investor attention. Ongoing money printing and deficit spending don't matter to most investors.
One thought I read today is that miners could get a boost from Q3 financial reports due out in the next few weeks. Producers should produce some nice upside surprises due to the $200 pop in gold prices. Silver prices also moved up 2 to $3/oz and should provide good news. If the seniors and mid tier producers can get the market excited with actual results and investors extrapolate current prices, we should get some lift to the mining sector. We'll find out in the next few weeks.
CNE.to/CNNEF -.11 to C$4.27 Canacol has retreated since late August when they announced that the pipeline was operating and sales were around 217mmcfpd compared to 121mmcfpd avg in Q2. Since they reached 217 on 8/24, the Q3 avg will likely be in the 190mmcfpd range for the qtr. That is still a huge increase in revs and cashflow that should be announced with Q3 results. What will the stock do? I think it will rebound towards at least the C$5 peak in late August.
Goro +.19 to $3.41
Adding about 2k oz/month. Goro previously did 27K for 2018 in just gold so at least doubled gold production from here on out. New mine expected to reach 40K/yr. Relatively short life at 6 years so need additional exploration or deposits. Goro is already profitable so should get nice boost from this doubling+ of gold production.
COLORADO SPRINGS, CO, Oct. 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced its Isabella Pearl gold mine, located in Mineral County, Nevada, has reached commercial production levels. This commercial production announcement is based on mining rates, ore placement on the heap leach pad, mining and process costs, production ramp-up, and reaching positive operational cash flow during the month of September. The Company produced first gold dore from the project in late April 2019 and expects additional improvements as the project continues through the ramp up phase. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $112 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
Gold production levels at the Isabella Pearl mine have been ramping up since the first dore bar was produced in late April 2019. Preliminary September production of gold loaded to carbon and dore produced totaled in excess of 2,000 ounces. The Company plans to update its 2019 global gold production outlook in the upcoming third quarter preliminary production announcement to include estimated gold ounces targeted from its Isabella Pearl project for the fourth quarter. While it is still early in the project ramp up phase, 2,000 ounces of monthly gold production at Isabella Pearl is expected to continue generating positive cash flow by covering operational costs at the project assuming a gold price of $1,450 per ounce. The Company’s 2020 annual production outlook for both Oaxaca, Mexico and Nevada, U.S.A. will be released in early 2020.
Construction of the Isabella Pearl project’s ADR process facility is complete with final commissioning occurring over the next several weeks to enable on-site dore production. Off-site processing of the gold infused carbon into dore will continue until the on-site dore facility is fully optimized.
Mr. Jason Reid, CEO and President of Gold Resource Corporation, stated, “I am very pleased to report the Isabella Pearl mine, which broke ground and produced first dore in just ten months, has reached commercial production levels just sixteen months after breaking ground on the project in June 2018. Our team has worked extremely hard these past few months navigating the challenges of mine commissioning, managing construction contractor difficulties and the typical production ramp up of a new mine. I am very excited that during the month of September the Isabella Pearl mine moved into a phase where mining and processing rates and ore placement are now expected to generate positive cash flow on a consistent basis. This is a milestone for any mining project and should have a significant impact on the Company’s overall revenues and net income moving forward.”
The Isabella Pearl ramp up phase will continue over the next year as the deposit is made up of two primary ore bearing areas, the Isabella and the Pearl with the former mineralization outcropping at the surface and the latter higher-grade mineralization located deeper within the deposit. Approximately eighty percent of the ore in this deposit is in the Pearl structure, and the Company continues removing overburden to reach this high-grade area targeted in 2020.
Mr. Reid stated, “There will most likely be unforeseen additional challenges as there always are in the mining industry, but given where we were sixteen months ago putting the first shovel in the ground to where we are today, loading the pad with Isabella ore and having reached positive cash flow in September, I am very pleased and excited at our progress at the Isabella Pearl mine. With this positive cash flow development, I believe we are very close to reaching the inflection point of a near-term shareholder dividend increase.”
Mr. Reid continued, “The “at-the-market” ATM facility used to help finance the project’s completion is still in place and is expected to remain in place going forward as optionality for the Company if and when needed. I am pleased to report the Company has not used the ATM since July 30, 2019. While the Company reserves the right to further utilize the ATM, we currently do not foresee the need to do so.”
this is just my worthless speculation, but I always wondered if Scores Mgmt was actively depressing results to minimize the potential damage from the numerous lawsuits. Now that they have settled on the lawsuit liability, they miraculously report a small profit. Guess we'll see over the next few qtrs.
silver gapping up this morning. +.82 or 4.57% to 18.67
Been buying back over the past week. Had to chase a bit this morning to invest remaining cash.
For some reason AG has lagged the moves in silver, underperforming SLV.
Bought CDE options as CDE has significant silver production while also having good growth in gold production. We'll see if that proves wise over the next few weeks.
ouch, that's gonna leave a mark. Silver and gold got hammered today. My options positions lost a week's profits in a few minutes after the open. I bailed on all my options. This could be a one day drop or the start of a bigger consolidation. Options swing wildly and so I took what's left of my profits off the table. Will wait a few days and see what happens to the price of gold and silver. Not expecting the end of the rally, just a consolidation. We're at the beginning not the end of the silver/gold rally.
another positive day for silver and not so good for miners
SLV +.45 to $18.34 or +2.52%
AG +.04 to 11.32
CDE +.04 to 5.62
FSM -.09 to 4.24
Platinum appears to be joining the party. Moving up after a dreary period when companion Palladium has been rocking for months while Platinum has struggled.
I have always struggled to find a way to invest in both these metals. Deposits rich in both metals are very hard to find and finance.
One way might be Sibanye. It's a big South African producer that bought Stillwater and recently bought Lonmin. That made it the largest platinum producer in the world and 3rd biggest in Palladium. In addition, they produce a lot of gold. The strike this year in South Africa hurt gold production badly. Production is now recovering and the consolidation with Lonmin is progressing.
Here is the 1st half earnings presentation:
https://thevault.exchange/?get_group_doc=245/1567079507-sibanye-h1-results-presentation-29aug2019.pdf
Gold and platinum production should surge in the second half and with both metals prices moving up, Sibanye should have a nice second half.
this is taking longer than I thought for Siyata to ramp up sales. I thought AT&T sales force would really increase sales. I guess that's why they took down that additional financing. First Responders are probably a pretty hard nut to crack. They need to be very sure that the equipment will work all the time, every time.
And the changeover has to be complete. So training and getting equipment installed for the whole First Responder network in a whole city has to happen almost overnight. Guessing that will cause some hesitation before municipalities will make the big leap.
SIM.v/SYATF C$.44
after dropping because of this financing at C$.40, Siyata moved up today, probably because of the comments about Q3 being stronger than Q3 2018.
Montréal, QC – Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that it has completed a non-brokered private placement with a single investor of 7,500,000 units (each, a “Unit”), at a price of $0.40 per unit, for gross proceeds of $3,000,000. Each Unit consists of one common share of the Company, and one-half of one common share purchase warrant (each whole common share purchase warrant a “Warrant”). Each Warrant is exercisable to acquire one additional common share of the Company for two years, at a price of $0.60 per share.
Marc Seelenfreund, CEO and director of Siyata states, “We are very pleased with this additional injection of capital to strengthen our balance sheet and build on our inventory. Our Q3 has proven to be very strong and will be substantially higher than Q3 2018 due to US sales, while our sales opportunity pipeline is very robust and continues to grow as expected. There is growing demand for Push-to-Talk Over Cellular devices across industries worldwide, witnessed by our expanding carrier and specialized distribution channels and we are well-positioned to capitalize on this paradigm shift in the market.”
ATE.v/ATBPF +.05 to C$.39
After a huge drop due to delay in phase II trial enrollments that will delay final results by a couple of months, Zack's published a report that reminded market how close we are to a final phase II study AND huge potential of ATB-346 to become a billion dollar drug.
https://scr.zacks.com/News/Press-Releases/Press-Release-Details/2019/VATE-Phase-2b-Efficacy-Data-Expected-in-4Q19-article/default.aspx
big pop to ATE.v/ ATBPF +.05 to C$.39
Zack's new report
https://scr.zacks.com/News/Press-Releases/Press-Release-Details/2019/VATE-Phase-2b-Efficacy-Data-Expected-in-4Q19-article/default.aspx
Nothing new in the report but reminding market that this drug has billion dollar potential AND results of study is only a few months away.
are we near a short term top? Silver futures up 1.6% but silver stocks that I own are all down.
silver +1.65%
SLV +.7%
AG -2.54%
CDE -2.38%
FSM -2.34%
silver took off this morning. +.53 to 18.17! +3%
AG +.395 to 11.34 +3.65%
CDE +.51 to 5.59 +10.04%
FSM +.28 to 4.26 +7.04%
SLV +.51 to 17.03 +3.15%
silver to gold ratio still very high... Silver has some catching up to do.
I don't think they've done a reverse split. I did a previous private placement with these guys and the stock reached crazy valuation too. A billion+ market cap seems stupid but they do seem to have a nice system and organic may surpass marijuana in value to them.
Talked with company yesterday and they said the container system can produce just as much value from organic butter lettuce as from marijuana.
Obviously they are pursuing sales in both markets but interesting angle.
I doubt many investors would figure organic vegetables could be that lucrative. But how many grocery stores, restaurants and farmers need organic vegetables? A Lot. This system would allow them to have a self contained system nearby that produces fresh produce continually.
That said, I wish my shares were liquid and deposited in my brokerage acct. I would take the profits and run.
company has shown videos with operating containers that produce gorgeous looking vegetables. Fully automated and can be equipped with solar to power units. It's been a couple of years since I first saw it so think technology is working. They just got permission to setup a huge marijuana growing operations with hundreds of pods.
What I haven't seen is proof in the financials that the market is buying these containers and that they work in the real world. The recent stock activity may mean that the company has the proof of sales and profits.
I don't know for sure but something is obviously up with the stock.
https://www.growpodsolutions.com/
I have some shares from a private placement awhile ago. Haven't gotten the shares deposited with a broker yet. Need to do some paperwork but excited about recent price rise. Big caution is that volume has been non existent so big pop could go the other way too. Need financials showing that Grow Pod containers are selling and GWPD is making profits.
I think organic vegetables may turn out to be bigger than I thought. I figured marijuana would be the key but allowing true organic growth without pesticides could be big. One of the variables with organic is that it's hard to control the environment. Bird pooping on your lettuce and causing ecoli defeats the goal of organics.
Grow Pod containers eliminate that risk and also accelerate growing cycle. Some day, these will be parked behind fashionable restaurants or local supermarket.
gold and silver have awakened from a multi year bear market!
Bullion should do well but I've found it's difficult to sell in bulk and cumbersome to get full value quickly.
If the gold and silver rally lasts and we get to $2,000+ gold and $25 silver, mining stocks should blast off. Already up substantially but this is just the beginning if the rally is for real.
So greed and convenience says mining stocks are the way to go.
OT for the oldtimers.....
Met up with Chen Lin, CL001? for lunch this week. He was on a site visit to PVG.to, gold miner, and stopped by Seattle on the way home. He is doing well with his newsletter and investing. He has been buying gold miners and still has significant biotech investments. He has made some absolute killer investments. Sarepta was the one I regretted most not investing in. He was in from the beginning and still has some free shares. Then a couple of years ago, he told me to buy Maya Silver at .50. I thought it was too small. Wrong! He flies all over the globe, visiting companies and writing his newsletter. and he started on Value Microcaps long ago...
He and I were part of a group of maybe 10? that met in Las Vegas in 2006 from the old board on Raging Bull. Can't get hold of tenbagger anymore so Hank may be gone.
Hweb is still here, using his crazy memory to dig up all these earnings plays. Many others have faded away, like me.
Strange investing times. Unprecedented money printing to keep the stock markets afloat. Sooner or later, there will be consequences and the bull market will end. They have done so many crazy things to keep things going that the resulting declines should be worse but who knows.
Good stock hunting to all! Bobwins
got an email from someone who keeps in touch with the company.
A conference call with 5BARZ management is set for Thursday August, 22nd 2019 @ 2:30 P.S.T.
Call in number 1-605-313-5111 (follow prompts)
Access code 525656
Because of the number of people attending the call, please email any questions before noon tomorrow.
Send to; zipitzoomit@yahoo.ca.
The call will be moderated by Dr. Gil Amelio, Chairman and Daniel Bland, C.E.O.
The purpose of this call is to explain to shareholders the recent events that have taken place with the delisting of 5BARZ from the O.T.C. market. Will update shareholders as to plan and schedule for moving forward.
Only Dr. Gil Amelio and Daniel Bland will be able to speak on this call. All attendees will be muted.
If after the call there are questions, email them to dbland@5barz.com. He will address all of them.
SIM.v/SYATF C$.44
research on market potential for Siyata's UV-350. Includes an actual customer that switched from tablets and LMR to the UV-350.
https://kincommunications.com/wp-content/uploads/2019/08/2019-Siyata-WP-VDC.pdf?utm_source=hs_email&utm_medium=email&utm_content=75977888&_hsenc=p2ANqtz-_M_HmQBCM7ddQJNJr10cvVdzLyqO3V46xqIExOlZlGjKgGp4as8wT6t02p0PRLNDhMUv7zDe8nwtpDHnFFPWqu3FNiFw&_hsmi=75977888
volume in Canada has definitely picked up, several million shares a day. Avg volume in Canada is 626K/day.
Maybe somebody is actually interested in funding phase III trials or a hedge fund thinks it's likely.
ATE.v/ATBPF +.025 to C$.415 Antibe continues to trade significant volume. Maybe Antibe has attracted a bigger player that likes their drug candidate, ATB-346.
Phase II study on best dosage should be done this fall and results early winter. Company is saying this study was needed to provide good info to potential big pharma partners who will fund phase III studies.
The concept is great for either organic vegetables or marijuana. Controlled atmosphere eliminates need for pesticides and maximizes growing cycle and production in limited space.
SIM.v/SYATF -.025 to C$.445
they say they don't need any more money but......
MONTREAL, Aug. 20, 2019 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. ("Siyata") (TSX-V:SIM / OTCQX:SYATF) announces a non-brokered private placement to raise $3.0M consisting of 7.5 million units at a price of $.40 cents per unit with one strategic investor. Each unit will consist of one common share and one half warrant exercisable at $.60 per share for a period of two years.
Marc Seelenfreund, CEO of Siyata, commented, “Our Q3 has been very strong and the opportunity pipeline for Q4 sales and beyond is robust and continues to grow. As our sales channels continue to grow worldwide, we want to strengthen our balance sheet with a strategic investor to ensure we remain well capitalized for our continued growth.”
No finder’s fees are payable on this financing.
The use of proceeds is for additional inventory, carrier approvals, product development and general working capital and is anticipated to close on or before August 23, 2019.
The financing is subject to TSX Venture Exchange approval.
Read more at https://stockhouse.com/news/press-releases/2019/08/20/siyata-mobile-announces-3m-private-placement-with-strategic-investor#YhfoeU7uSfMMX6Pi.99
nothing has changed. You own the same percentage of BARZ as you did before it was halted. You are still an owner of the company. BUT it's no longer a publicly traded company. So you can't easily sell to others. You can still sell to others but it would be much more cumbersome and difficult than hitting a few keystrokes and enter.
Since it's not public, we lose some transparency. BARZ wasn't particularly good about informing us anyway but they could change capital structure, take on debt, have major changes that aren't reported promptly to us.
IF and it's a BIG IF, they follow thru with their plan, we may get back to a public trading situation and your shares would magically become tradeable again. If that happens, it probably means good things have happened and I would guess that your shares would be worth more than .03. BUT few, if any, promises by BARZ have come thru.
Not much you can do now but wait and hope. We are dust in the wind.
there was a post on stockhouse where someone sent the CEO an email asking about possible press releases next week. Apparently the company is due to receive reports from it's test hospitals about the status of the trials. Probably going to be general information about how many participants were enrolled and when the hospital expected to conclude the trial.
That info would give investors general information but wouldn't include efficacy info that is actually the crucial outcome of the trials.
I think it's an overreaction but who knows.
silver and gold vs silver and gold miners
This week, silver and gold miners have detached from silver and gold.
With the increased volatility and worry, investors are supporting the metal prices but are giving mining stocks less respect.
If metal prices continue to climb, mining stocks should resume their climb because miners are already going to report much better financial results for Q3 due to the big jumps in metal prices so far.
Average prices for gold sold I have seen in financials have been around US$1320. Current gold prices are over US$1531 or +$200.
For a 100K producer, $200/ounce quarterly increase in gold price received will add $5 million to the top and bottom line results.
Silver prices received were US$14.80 vs current prices of US$17.32. The difference of $1.52 times ounces produced could add US~$4.5million to big silver producer First Majestic top line if Q3 averages 17.32.
maybe a second carrier will increase competition and result in some actual sales in Canada. I have been disappointed in lack of announced Canadian sales but market is definitely much smaller than US so maybe I was expecting too much. IR definitely has emphasized US activity all along as the key.
SGI.v/SUPGF -.26 to C$.84 Ugh!!!!
http://crweworld.com/article/news-provided-by-pr-newswire/1203095/superior-gold-inc-announces-second-quarter-2019-financial-and-operating-results
Q2 came in with 23K oz produced as expected. AISC costs came in high as SGI is investing in future. New CEO sees need for higher investment to ensure future profits. He has done the right things so far and so I would give him the benefit of the doubt.
Besides, SGI.v is still VERY undervalued. They lost .02 for the qtr. They are saying AISC will creep up for the remainder of the year and production will be at the low end of guidance so mid 90,000 oz producer.
But they still have 3million oz resource. Mining is a very tough business. Miracles are few and far between. Superior is going to have to fix some past mistakes where management took the easy way and got early profits at the expense of the long run. Now they have to do the right things to collect the long term potential. The rise in gold prices should help them greatly. $200/oz is C$6million extra to the top line per qtr!!!!!!
NO DEBT!
3 million oz of reserves
less than 100 million market cap(way less after today)
fsm +.04 to 4.23
The more I look at Fortuna Silver, the more I like it. They are one of the few profitable miners and are set for a big catalyst in the next year.
They generate about $100 million in ebidta and are set to double that number in the next few qtrs as they bring on their third mine, Lindero. Lindero is a heap leach gold mine producing 100+K oz/yr for the next 13 years. The first few years are scheduled to produce the most at around 120-30K/yr, gradually tapering to around 100K.
They have taken on modest debt to build the mine and will have a 1:1 debt to equity ratio, so very conservative. They will start to load the ore in October and pour their first gold in December. The mine should be commercial in Q1 2020. There is a satellite deposit that is not included in any reserve reports. They plan to release those results in early 2020. The deposit is only 3 miles from the Lindero mine so could easily boost production even more in a couple of years.
Fortuna is a low cost producer, with a track record of building mines within budget and on time. They have been conservative managers and are undervalued by the market. I expect the stock to double from here if silver and gold remain at current levels.
https://www.fortunasilver.com/site/assets/files/4983/fortuna_corporate_presentation_24jul19.pdf
Overall, the gold and silver breakout appears to be legit. Gold currently +.54% while silver is +.53%. Gold seems headed for $1500/oz while silver is approaching $17. It's been a long wait but this time seems for real.
If the momentum holds, I think more mainstream investors will take a look at the mining stocks. They represent the leveraged bet on precious metals. As Central Banks print more and more money, investors will realize that their paper currencies are worth less and less.
China embarking on a currency war and a race for the bottom could be significant. In an ancient culture that values gold and silver, Chinese could become significant buyers of precious metals to protect their wealth. While devaluing the yuan is good for exporters to sell products, it still cheapens what Chinese investors end up with.
Today is a down/flat day for miners, even though the metals are up. I think there is some selling after the strong day yesterday. Again the overall trend is positive for the metals and miners. The bear has been brutal, let's hope the bull is just as strong.
China devalued the yuan as a response to the latest US tariff threats. China doesn't import as much from the US as we import from them so they can't respond tit for tat to our tariff increases. But devaluing their currency makes their goods cheaper and potentially offsets some of the tariff impact. This is an escalation of the trade war and could lead to Trump directing the US Treasury to intervene in the currency markets.
The Chinese action caused gold and silver to pop 1.5 % this morning. Mining stocks jumped on the news. GDXJ is up 4.8% and individual stocks are up more. AG is a primary silver producer and is up 7.75%.
While the currency devaluation helps Chinese exporters sell goods, it decreases the what they get for the goods. This may cause Chinese wealthy to move capital out of the yuan and into precious metals.