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As of this moment silver is up .35%, AG is down 1.14%. Nearly all miners are down today with rising silver price. This generally means the bankers will slam silver and gold down tomorrow.
I don't know how old this is. It was published on YouTube on 1/10/13.
We barely moved today, even with a good strong silver price. It is interesting why no one wants this stock with their strong 4th quarter production...?
I grew my account by a couple thousand $ with my purchase this morning at $18.82.
Well, something continues to hold AG back as silver & gold climb. AG can't seem to gain any traction. It is down 6.3% since 12/31/12 while silver is up 7.5%. All this on the back of great production news.
I picked up another 5,300 shares this morning in the low $18.80s. I'll ride it down some more if necessary, but I really think this thing is ready to reverse rapidly to the "up" side. Hold on tight!
Hey Montanore, nice to see you here at AG. I first started reading your posts on USSIF. (I say USSIF because that was a good company. Under their new management and new trading symbol, I don't think they are so good. In fact, I completely sold out, taking a huge loss. But all the miners are down, so I put my money back into companies that don't seem to be so risky.)
I really love this company. I saw an interview with Keith Neumeyer a while back and he really seems to understand what is happening in the mining sector and with the precious metals. I see AG going to $30+ even without an increase in the price of silver. Increasing silver prices will leverage this even higher. Hope you have a nice solid AG position.
One has to wonder why, in the wake of excellent production numbers, that on a day silver rises more than 2% that AG falls 2%. Was recent reported production an abberation? Are we looking at big declines in future production? Are we looking at big declines in the price of silver? Maybe both? Do those with deep pockets mess with the share price of Ag miners to assist with the manipulation of the price of silver? Something is not adding up. But this is nothing new in mining stocks and precious metals. Nothing ever seems to make sense in this arena.
US dollar falling too much, so banks increased their paper gold selling. Nice crash in gold prices this morning for anyone looking to pick up on the cheap!
Just bought in. I like this company for the long-haul.
Exercise of Options
Toronto, Ontario - January 04, 2012: Caledonia Mining Corporation ("The Company") (TSX: CAL, OTCQX: CALVF, AIM: CMCL) received notice today that Robert Babensee, a Director of the Company, exercised options over an aggregate 200,000 ordinary shares in the Company ("Ordinary Shares") at an exercise price of Cdn$0.07 per share.
Following this transaction, Robert Babensee has interest in 200,000 Ordinary Shares representing approximately 0.04% of the Company’s issued ordinary share capital, all of which are held beneficially.
The Company has applied for the 200,000 new Ordinary Shares to be admitted to trading on AIM and admission is expected to take place on January 10, 2013.
Following this notification, the Company has 514,661,780 Ordinary Shares in issue.
For more information, please contact:
Caledonia Mining
Mark Learmonth
Tel: +27 11 447 2499
marklearmonth@caledoniamining.com
Canaccord Genuity Limited
Andrew Chubb / Sebastian Jones
Tel: + 44 20 7523 8000
Newgate Threadneedle
Terry Garrett /Beth Harris/Graham Herring
Tel: +44 20 7653 9850 CHF Investor Relations
Jeremy Hill
Tel : +1 416 868 1079 x 238
jeremy@chfir.com
Good info dan; thanks for posting. Looks like we are in good shape with the county.
Found this on Standard & Poors' analysis of AUNFF:
Wall Street Consensus vs. Performance
For fiscal year 2012, analysts estimate that AUN will earn $0.03. For the 3rd quarter of fiscal year 2012, AUN announced earnings per share of $0.01, representing 33% of the total annual estimate. For fiscal year 2013, analysts estimate that AUN's earnings per share will grow by 367% to $0.14.
My guess is earnings will be higher. With a P/E of 15, the stock would be valued at $2.10.
Heading to $20.00 soon!
Seeing very nice response today to gold and silver price rise! Those that sold last year to bring their gains in are reacquiring; they know prices for Au & Ag drop big in December and then regain it all in January.
Looks like we may be in for a little pull back today.
Yes, it's very thin trading with the big boys driving the price down with short selling. When they think they can't squeeze it anymore then they will begin buying along with the rest of us who are accumulating at these very low prices.
Don't be scared with the falling prices of gold and silver. This is exactly what happended last year in December and all of the December declines were recovered before the end of January. It will happen again.
BN, I'm waiting for $1.43...
Just picked up 70,000 @ $0.94. This would be a good time to bottom out!
Yes he did! Unless he has them in am IRS "approved" retirement account!
USSilverBug, CPA
Au & Ag will come back in January just like it did after they drove it down last year. The crooks are being as ruthless as can be right now. It's looking more like we'll see $26 or $27 now, which is where I will begin buying Ag again.
What people can't seem to grasp is there is no limit to what the banks can do. They are agents of the FED and are supplied with all the currency they need to do their manipulation. There is no single investor large enough to do anything about it, that's why you don't see Salinas or others doing like the Hunt brothers did years ago. Will there come a day of reckoning? When you control all the world's money, how can you lose?
Silver down nearly $4 in a week. RUTHLESS! What are the "market events" causing the bottom to fall out? There are none. It is pure manipulation.
Bankers crashed it through the 200 MA. They are ruthless! CALVF is the only miner I'm still holding. All others I'll buy back when the crooks get done with their evil deeds.
And they're hitting it hard! Looking for sub-$28.00 silver by 31-DEC-2012. I'm out of all Ag miners until the crooks get done. Will buy back in January.
Picked up 50,000 dirt cheap!
Bankers continuing to crash Au & Ag. I expect to see Ag sub $28 by December 31, 2012. Au could be sub $1,600.00.
I haven't purchased any physical in about two years. My last buy price was just under $20 and I don't remember what the markup was.
I agree Itsnot. When the system collapses, and it will, anything made out of paper or electronic ones and zeros will disappear.
They cannot make your silver and gold vanish, unless they physically come and take it or you voluntarily hand it over when they make it illegal to own.
Bankers got their pedal to the metal on the SELL button! Watch out!!!
No gain yet...
5.5% DIVIDEND COMING!!!
LOT'S OF CASH FLOW!!!
TONS OF GOLD IN UNDERGROUND VAULTS!!!
CHEAPEST PRODUCER IN THE WORLD!!!
There was something really strange about today's BAA trading. 1,846,589 shares traded hands and 1,700,000 of that was in four trades, 500,000, 200,000, 200,000, and 800,000. Of course the level twos only show 500, 1,000 shares bids and asks. So how is it that the MMs find a willing seller and a willing buyer, each transaction by itself, exceeding a normal days entire volume?
Something looks like it is being manipulated...
17:15:30 - 800,000 sold at the bid.
11:47:57 - 200,000 more @ $3.045.
Couple large orders went through today:
11:13:25 - 500,000 @ $3.05
11:17:20 - 200,000 @ $3.06
I sure would like to know if they were insider buys... Guess we'll find out soon enough!
River, the bankers are just protecting their precious FRN. They can sell and sell naked PM futures contracts because they have printed new FRNs to pay for them. Nothing out of pocket for the bankers and they keep the facade that the FRN is actually worth something. It is a scam and we are not allowed to play.
FED announces addiltional QE, gold rises marginally, silver up 2% and CALVF down 12%. Divvy yield is now 5.5%!
Yes, I agree. I think it was a judicious move to announce the divvy at the same time! I like this management team.
You've seen candapetro posting "RS coming". He is trying to scare people away from their shares. Typically a share price falls after a RS. Look at USSIF (now USGIF). Their share price was about $0.60 pre-reverse split. They did a 1 for 5. The share price fell to $1.40 from $3.00 equivalent. Will that happen here? I think the SP could fall some, hence I say the dividend yield is increasing. The announcement of a dividend contemporaneously with the 1 for 10 should mollify any potential pullback.
Yes, at $0.10 the yield is exactly 5%. However, most shares are trading closer to $0.09 making a $0.05 dividend equal to 5.5% yield.
Yield could go higher!!! What a great company!!!
5.5% DIVIDEND COMING!!!