long sfmi and ptqmf
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i dont know? do they allow you to trade penny stocks?otherwise i have no clue. there is no fee for a foreign stock with LON. maybe take it as good luck hehehehe but i know this is goin somewhere. now that they have to do something or be de-listed we shall see, possible newmont buy out? i wish
it looks like .17 is support. i would buy at .17 this stock has had bid for .24 a week or so ago. it's not dead. with newmont owning like 40% lon owning about 40%, there is such a low float. the float is only thing being traded. volume has absolutly picked up. LON is a go. maybe newmont to buy lon? they are trying to shake out weak hands so they can buy cheaper. i was lucky enough to buy 1/3 of my shares @.105. before PM"s crashed lon was consistantly at $1 for 2 years. nobody traded it, cause they are just holding on to shares. the book value is about >25c on the dollar. strong buy @.17 nothing goes straight up, look at chart
hello,anybody out there? anyway medusa produces an ounce of gold for around $250. while most other miners it costs them close to $1,000 an ounce. medusa is just finishing a mill upgrade from 1,000 tons per day to 2500 per day, should be in action within 30 days. it did cost them on there production this year, but boy will it make up for it next year. the company expects to produce 200,000ounces next year at a cost of $300 an ounce including royalties. they are developing another mine not far away from this one (in philippines) they predict by 2015 they will be producing 400,000 ounces a year. wow. and they were just giving a dividend, but since the new project will be self funded, they decided stop dividends temporarily. it all sound like a homerun to me. i just got back in for under $2 a share today, a steal. i wont watch the ticks too carefully. ill check back in 1 year and in 2 years i will see $25 SP. what else could i ask for?
what a diff 10 days makes. just a week or so back this board had a couple of people who don't understand how to play the market, crying,saying aurcana is going out of business and so on.oh shorting this stock is a great investment. all worked up because maybe they didnt realize the entire market hated PM"s just that short time ago. well i hope for your sake you didnt short this, or now you could come back and write how this stock took all your money. this is a growth story. this is the kind of stock if you read what management is saying. that you buy it, don't watch it every tick,every day come back in 12 months and look at the price.i'm not the type to say i told you so, i just dont like to see all the rats jumping a sinking ship at once. when it's not even sinking, just took on a little water. something bigger is going on here. the SP still stinks, but it seems to be out preforming silver and most PM stocks the last few days. hopefully thats shafter mine making it's progress. i think it's time to buy some more, before it goes up too much. make another 35% in a couple of weeks. JMHO
some other board said those things? wow must be true. why not think and read for yourself. 1st of all if you listened or read transcripts from 10k lenic states that the company is able to self support itself on the million dollars a month they are and have been making. he states they will not need outside financing. look at all other miners not just aurcana. for example ag is about $10.00 from $24 in 3 months anv was $42 now $9. iag $28 to $5. its the entire industry being shorted by hedge funds so the prices stay low, they short jr miners, cause jr's will not get financing now, seems a good idea. once people realize paper money is hyper inflation, or even sooner when they just stop listening to cnn. PM's will jump overnight. do you see last few days when there is short covering or fed saying something how the mining stocks jump 10% instantly just in 1 day. how about another rally? cant you see the manipulation by the banksters? fiat money will be used by the wheel barrel full to buy a loaf of bread. pm's is were it is at. leave it at your own risk. give aunfd 16 months, lets see if its not an $8-$10 SP.
i am sorry to say, you will be eating your shorts for lunch. aunfd is not acting like all other mining stocks past few days. volume has increased tremendously and today up .09 not a big deal but looked like 90% of mining stocks were red. this to me looks like someone knows something about our up coming quarterly. so short away. hope nobody else listened to the 2 who lost money and will lose more if they short. miss the entire ride totally. $ 3.60
AUNFD
0.09
Daily Short Sale Volume
view
Short Interest (Shares Short)
43,900
Days To Cover (Short Interest Ratio)
0.5
check out http://www.ceoclips.com/companies/Interview-with-Lenic-Rodriquez-President-and-CEO-of-Aurcana-QCC.html
Aurcana Reports Year End Financial Results and Provides Operationa
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 11, 2013) - Aurcana Corporation (TSX VENTURE:AUN)(AUNFF) ("Aurcana" or the "Company") today is pleased to report its audited financial results for the fourth quarter and year end as of December 31, 2012.
The Q4 2012 Earnings Webcast and Conference Call has been scheduled at 10:30 am Pacific Time (1:30 pm Eastern Time) on Friday, April 12, 2013. See bottom of press release for details.
Mr. Lenic Rodriguez, Aurcana's President & CEO, said: "We are pleased to report that the company generated record revenues last year of about $57 million while producing 45% more silver equivalent than we did in 2011. Despite a slower than expected startup at Shafter and with an increase in production at La Negra, Aurcana is now in a position to grow organically for a few years, with just the support of our budgeted sustaining capital. Based on continued growth, the company remains strategically positioned to become a senior silver producer."
A video message from Mr. Lenic Rodriguez, talking about Aurcana's 2012 year end results and the plans to grow the company into a senior silver producer, can be watched at the following link:
http://www.ceoclips.com/companies/Interview-with-Lenic-Rodriquez-President-and-CEO-of-Aurcana-QCC.html
Year ended Dec. 31, 2012 and fourth Quarter 2012 Highlights
* Total revenues for 2012 were $56.9 million, up 20% from $47.5 million in 2011. Revenues in Q4, 2012 were $16.3 million a 48% increase from $11 million in Q4, 2011.
* Total silver ounces equivalent production for 2012 was 2,523,441, up 45% from 1,741,705 ounces produced in 2011. Silver ounces equivalent production for Q4, 2012 was 624,159 up 33% from 468,343 in Q4, 2011.
* Earnings from mining operation in 2012 were $25 million, up 8% from $23.2 million in 2011. Earnings from mining operation in Q4 2012 were $7.6 million, up 33% from $5.7 million in Q4 2011.
* The total cash cost per silver ounce net of by-products for 2012 was $6.43, down 16% from $7.63 in 2011.
* Net income in 2012 was $10 million up 30% from $7.7 million in 2011.
* Operating cash flow (after taxes before movements in working capital) for 2012 was $21.5 million up 10% from $19.5 million in 2011.
* Total ore milled in 2012 was 691,260 tonnes, up 37% from 505,965 in 2011.
* Total ore mined in 2012 was 670,930 tonnes, up 25% from 538,750 in 2011.
* The average revenue per payable equivalent silver ounce sold in 2012 was $25.45, 12% lower than $28.80 per ounce in 2011 due to lower metal prices.
The summary of the selected financial information should be read in conjunction with the audited financial statements and the related management's discussion and analysis dated April 11, 2013 together referred to as the "Financial Statements" filed on www.sedar.com and available on www.aurcana.com. All figures are in US dollars unless otherwise noted.
Outlook for 2013 and Beyond
For 2013 our focus will be on ramping up production at Shafter and increasing mill throughput at La Negra Mine.
Based on a well-defined action plan at Shafter and with the mill expansion to 3,000tpd at La Negra now complete, we feel confident that Aurcana is now in a position to grow organically for a few years with just the support of our budgeted sustaining capital.
While Aurcana anticipates funding the 2013 plans with cash flow generated from mining activities and in order to accelerate improvements at Shafter mine, the company has arranged a US$15 million non-dilutive credit facility with its concentrate buyer from the La Negra Mine. Under this facility US$15 million was received on March 28, 2013, to be reimbursed by Q4 2013. This cash management arrangement has increased Aurcana's current cash balance while the production is ramping up.
Operational Update on the La Negra Mine
The company is pleased to report that the La Negra mill upgrade to 3,000 tpd has been completed on time and on budget. For the first time ever, the mill is processing close to the new capacity since March 28, 2013.
As a follow up to recent discoveries of significant gold associated with strong silver, zinc and lead mineralization in the new areas tested at La Negra, a 5,000 meters drilling program has been initialized.
Fire assay for the gold samples announced on Feb. 11, 2013 are underway and initial results are starting to confirm the original findings.
While historically gold production has not been a major source of revenue at La Negra, the exploration program is aimed to evaluate the potential economic significance of these results.
In 2013 Aurcana will commence studies on how to best capitalize on the large resource base at La Negra and define its next growth objectives.
In recognition of Aurcana's commitment to environmental and social responsibility as an integral part of its corporate strategy, La Negra Mine operations in Mexico has been recently awarded the 2013 Environmental and Socially Responsible Company (ESR) Award by the Mexican Center for Philanthropy (CEMEFI).
Operational Update on the Shafter Mine
The underground mining at Shafter has been progressing. The main ramp continues to advance down dip at the rate of about 600 feet per month. The average ore grade currently being mined underground is over 5 oz Ag/t. As the ramp continues to advance down dip, the grades are expected to increase and be more in line with the average grade of our existing reserve.
The Company, however, still had its challenges during the commissioning efforts to date. While the mine development has been progressing, the Shafter mill has experienced a number of unanticipated technical issues with some pieces of equipment in the mill and processing plant that have in turn slowed down the ramp up efforts. As a result, Shafter mill has not yet reached its initial target of 600tpd on a continuous basis. While the mill is operating and is producing silver, the progress is dependent on the delivery times for additional pieces of equipment that are required to streamline the operations.
In order to achieve full production capacity during 2013, a number of improvements to the original plant design are necessary. Having been identified, an action plan developed by using outside consultants as well as in-house expertise has been finalized and set in motion to gradually move to full production.
Management has undertaken a number of key actions in order to achieve the planned production during 2013 including:
* Additional filter presses have been ordered and are scheduled for delivery during Q2 2013 and to become operational during Q3 2013.
* The installation of a CCD circuit that will result in an increase of the overall recovery rate is underway and will be completed gradually during 2013.
* In order to meet the planned level of production, the addition of a second drying oven and a new furnace in the refinery is currently being designed and will be completed during Q3 2013.
* The engineering and construction work necessary to achieve design capacity at Shafter, is being engineered and built by Cimetta Engineering and Construction Company.
* SGS/Metcon a leading inspection, verification, testing and certification Company, has been retained to review and recommend process improvements that are aimed at optimizing metallurgical performance in the Shafter plant.
* Construction has been completed on the foundations and steel work of one additional thickener with a second one in progress. These tanks are being built as part of the project to achieve planned capacity.
* Staff hiring and training is continuing to strengthen the production team at Shafter. Additional people are being trained and will be added with the gradual increase in production to 1,500 tpd.
While the mill is operating and silver is being produced, with these improvements in place, Aurcana anticipates a gradual increase in silver output during 2013.
These issues are not uncommon in new mining operations, as the staff gain experience and familiarize themselves with the complexities of technical issues while the operations are ramping up.
Aurcana's objective is to have a positive contribution in the local economy and local community where it operates. Aurcana is the largest tax payer and the largest employer in the county through its wholly owned subsidiary, Rio Grande Mining Company (RGMC), operating the Shafter Mine.
In order to support the local community, Aurcana is committed to put to beneficial use any water not required by the mining operations. RGMC has applied for a water well permit in order to offer water free of charge to the local Shafter town residents.
In line with our environmental commitments, Aurcana is also working to improve the milling process in order to re-use the mill water and reduce the demand of fresh water.
Conference call details
Aurcana Corporation has scheduled a webcast and conference call to discuss the year end results and provide an operational update for continued growth at 10:30 am PST on Friday, April 12, 2013.
The webcast can be accessed via the following link:
http://www.gowebcasting.com/4227
Conference date: Friday, April 12, 2013
Conference time: 10:30 am PST / 1:30 pm EST
Participant dial-in: Can: 416-340-2216 / US: 866-226-1792 / Int: 800-9559-6849
Participant pass code: Not required
Financial Statements and MD&A
To read complete Financial Statement and MD&A please visit www.aurcana.com or www.sedar.com.
About Aurcana Corporation
La Negra Mine current installed capacity is 3,000tpd.
La Negra has a NI 43-101 M&I resource of 115.1 mm oz silver (at a grade of 131.3g/t), 1,418.7 mm lbs Zn (at a grade of 2.36%), 539.5 mm lbs Pb (at a grade of 0.91%) and 269.5 mm lbs Cu (at a grade of 0.49%) and an Inferred Resource of 56.5 mm oz silver (at a grade of 126.1g/t), 657.4 mm lbs Zn (at a grade of 2.14%), 263.0 mm lbs. Pb (at a grade of 0.88%) and 132.3 mm lbs Cu (at a grade of 0.42%).
The Shafter Mine mill was commissioned on April 1, 2012 and is expected to commence commercial production in late Q4 2012. The Shafter Silver Mine is scheduled to produce 3.8 million ounces of silver over 12 months when is operating at 1,500tpd capacity.
Shafter has a NI 43-101 M&I Resource of 23.9 mm oz of silver (at a grade of 267.1 g/t) and an Inferred Resource of 22.79 mm oz of silver (at a grade of 327.2 g/t).
(All National Instrument 43-101 technical reserve reports can be found on SEDAR at: www.sedar.com)
Aurcana continues to focus on its future growth.
Corporate
The Company's shares are also traded in the United States on OTCQX under the symbol "AUNFF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
Lenic Rodriguez, President & CEO
NR-13-10
The scientific and technical information contained in this news release regarding the Shafter Silver Mine has been reviewed by Ken Collison, P.Eng., Director of the Company, and a Qualified Person ("QP") and scientific and technical information contained in this news release regarding the La Negra Mine has been reviewed by Baltazar Solano, P.Eng., and a QP as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Project).
This news release contains certain forward-looking statements, including statements regarding forecast silver production, silver grades, recoveries, potential mineralization, exploration result, future plans and objectives of the Company and the business and anticipated financial performance of the Company. These statements are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Exploration results that include geophysics, sampling and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classified as a category of mineral resource. A mineral resource which is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends" or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.
Actual results may differ materially from results contemplated by the forward-looking statements. Important factors that could differ materially from the Company's expectations include, among others, risks related to international operations, unsuccessful exploration results, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf. Accordingly, readers should not place undue reliance on forward-looking statements.
Contact:
Aurcana Corporation
Lenic Rodriguez
President & CEO
604-331-9333 or Toll Free: 1-866-532-9333
Aurcana Corporation
Catalin Chiloflischi
Corporate Communications Director
604-331-9333 or Toll Free: 1-866-532-9333
604-633-9179
ir@aurcana.com
www.aurcana.com
is it too late to get on this train? or has it left the station? lmao. seems pretty gloomy around this board now. i think with good reason finally. keep your powder dry? why? do you owe PQ any money? or want to support the Q's longer? when is enough, enough? i agree the stock should have been around .50 by early spring, but they didnt do the million to one reverse split. that's what stopped it. lol
basserdan, thank you for that informative interview. i enjoyed and have some regained faith in aurcana. by listening to lenic, i don't believe the announcement on the numbers on april 12, will be a eye opener.i do believe it will mark a good 20% increase from last report. just want the company to keep moving ahead, better and better numbers each quarter. than i think the SP will take care of itself by the end of the year. lenic was saying with in a 2 year period aurcana will be a BILLION dollar company. heres keeping my fingers crossed. the interviewer mentioned he bought shares 2 years ago for almost same price, but 1/4 of the production we have today. sounds like a mistake on the streets part.
an article i ran across --http://www.accessgenealogy.com/idaho/mining_gold_silver_idaho_1865_1885.htm despite my belief in the mountain, i have zero faith in ceo: Mines between 1865 and 1880
The mining districts of Owyhee were five in number. Carson district began on the summit of War Eagle Mountain, and ran west 8 miles, and north and south 15 miles. French district began on the summit of the same mountain, and ran easterly toward Snake River, and north and sooth about 12 miles. Steele district adjoined French, and was about 8 miles from Silver City. Flint district was 9 miles south of Silver City. Mammoth district was 12 miles southwest of the same place, and Wagontown district 7 miles northwest. South Mountain was 30 miles south of Silver City. The mineral characteristics of the several districts were cold and silver in the War Eagle and Florida mountains; geologically, War Eagle was granite and Florida porphyritic. In the Flint district were found refractory ores and tin; geologically, it was granitic and porphyritic, as was also Wagontown, which produced silver and milling ores. South Mountain produced argentiferous galena, its rocks being limestone, porphyry, and granite with some metamorphosed slates. Lithologically, the two extremes of the Owyhee region, War Eagle and South Mountain, were separated by a mass of basalt and lava. The gold veins ran almost due north and south; the silver veins, northwest and southeast. At the centennial exposition, 1876, medals were awarded to the gold ores from Golden Chariot and South Chariot, and silver ores from Home Resort and Leviathan; for silver-gold ores from Oro Fino; for lead bullion from South Mountain; and silver-lead ores from the Silver Chord mine.
never again will sfmi see above .03 at close of trading. jmho it is good to dream, i will give you that. it is also good to admit what you see in reality and use it to better yourself,
i agree with most people on this small board, but can we keep anuff the main talk?? it is a aurcana board that's why i'm here. i believe a lot of members statements from there own experiences that, especially such a high ratio of R/S have been negative in there investing careers. i personally just hope that lenic, and board are doing this for the reasons they state only. i am not a multi year holder of aunff. i have not witnessed the dilution you talk of. my experience so far is down, but easily fixed with small rally. so i say if they are doing this reverse for reasons they state only. then this will be a great thing. if they follow there own statements or reasons to do R/S why do all of you see it as shares being taken away from you? i would love to be listed on nyce and have SP of around $6.40. then if fund managers ever realize that a good pm stock will earn them good returns they will invest more than there avg of1% or 2%. there will be virtually billions on side jumping into pm's and silver being such a small niche, will explode upwards. taking us with it too hight's from the 80's. not a bad scenario if you ask me.
hey njdevils950003 thanks for the email and you 2 peggy. you hit the entire nail on the head, when you informed me of a carbon copy of how i opened my eyes and realized pocket was on the money too many times i tryed to ignore it ,but did some dd on his info and got convinced pq was just toying with our investment in sfmi. cost me about the same as you,i tried to lower the lever on my avg. i stopped trying when i was getting it around 7 cents sp. i lost about 60% on deal, but man am i glad to get out and not have to follow sfmi and there lies, over promising, non clarity, family orientated selves. i proceeded by investing the rest on a metal etf, made 100% on that, but it still didnt egual my loss from owning the "fiat" stock. they are printing shares as fast as the federal reserve printing money. it was a great freedom to finally not to be tied to them. wow a lot of great PR came down today and boom it took off, eventually those with so much stock and not enough time to sell it all brought it back to earth. did i see something about 33 ounces? LMAO
i hope you are right njdevils95003. i hope they do learn. i learned about 8 months ago, i don't know if thats the tail end or about 65% of the way through. i really do hate to see a person like PQ make a living and even get rich off of other peoples hard earned money and dreams. i wish it was a criminal offense. i took my loses and made some up after i sold, but i still got hurt a little bit. I mean i just6 can't believe people refuse to see things like the lies in the pr's. not once or twice, multiple lies. this is supposed to be a legit company. how can you not see what they do, especially reading this board and following the stock??? i wish all the longs the best, i really do, but i must say this stock "stinks".
i think you two are correct, not only PQ and family deserve big raise for mining so many shares, but don't his friends deserve some more pieces of the pie? would be difficult to dump all of his shares by himself. according to the pictures i have to admit, it does look like work is being done. does it really matter though when you will have billion plus shares outstanding? no revenue? no funds to drill? have heard all lies from ceo for more than 3 years? i say no, pictures and "progress" do not and will not make a dent in sp in this case, just ask the market.
Don't you people see? ok if you were all talking about a real jr mining co, that was legit. that told the truth, didn't have a history of ceo being a swindler, maybe one who cared a little about there stock holders. than i would say ok you make a nice argument. but sfmi is none of those things, they are a share mining company. what does it take to show you people this fact? hasn't rocket shown it 100's of different occasions? what are you holding on to? your ego? look it;s life we all make mistakes, but the smart people learn from them and move on. there are so so many other jr's and sr mining companies so undervalued right now, who actually produce, have revenue stream, have reserves, have past positive history to look upon. time to wake up, and get over the fact that sfmi is a huge loser and waste of your hard earned money, and your dreams.
i hate to say i told you so, but my last post was when sfmi was surging for a few days up to .024 or something. all were saying train leaving station. LOL. come on don't some ever learn? please stop supporting this scam. PQ is a piece of work. a taker, a greed monger suckering people in. each time for years now same people get suckered, afraid to miss the train, need to load up. STOP there is no train, it's a stock mining company only. open your eyes, save your hard earned money or put it into another solid PM company now. most have hit lows from past 5 years, too many bargins to choose. almost a guarente of profit with some patience. wake up sell sfmi, take your loses and try to turn the little bit you have left from this investment into something positive. not hard to see all bad things about sfmi, infact it;s child play to see the scam
thanks all that gave they're opinion,not a bad idea exiting and re-entering. but like you i had hopped to ride this baby into the sunset.
i really don't understand why a R/S is a bad thing for this company. can someone explain there view on it. to me like the PR said, then the institutions can buy,can get a listing in the usa. i mean not a penny stock anymore. i don't see any negatives. also now with the official announcement of gold they discovered (not a secret to investers who do DD) i thought that would be a biggie for the SP alone. i was wrong. please give me some reasons from past experience, besides that it happened to lower the SP for your other investments. Sorry to hear the company canned you with 3 years left. thats what this country is coming to sadly to say. can happen to any of us. all though i am some what young, and work for the city. so i invest with the extra i come up with, for just that case. good luck to us all. hope lenic and friends know what they're doing. to me this is a tremendous buying opportunity. i am taking a loan from my pension to buy more at these levels. ill try not to watch each tick, wake up in 16 months and smile at the SP.
How many times has you seen this from sfmi?? Who is going to be the fools to buy into this, and make PQ richer. This is can n almost a guarantee. that this is a head fake. Just to reel suckers in thinking it's going to continue. Come on, how much would it cost to have one of the sfmi cronies buy a million or two shares? Just to get some people to buy more, so they can sell more and print more? Buyers beware.
basserdan nice post. obviously the money doesnt see aunff going lower at this time. in actuality it is though. i don't understand why aunff is not following silver prices like yesterday. i do see that all miners were basicly down despite the rise in PM'S. at this SP this is a gift IMHO. like you said barring a catastrophe aunff can only go one way. that is up!!! waiting for next PR i think it will be an eye opener for the street. if production is on course or as i suspect above preliminary guidance what out. i dont know how long the suppression of silver prices can go on. the banks and government are doing a great job of keeping it down. i think if we hit fiscal cliff within a month or so, as obama said "interest rates will rise" that will be the catalyst for people to call for there physical silver and unearth a tremendous shortage of physical bullion, which cannot be delivered. there just is not enough silver to spread around. then the tremendous short position's by the jp morgans of the world will give us the opportunity to see what silvers real value should be. aunff should reflect this, and if all that happens the SH will be sitting pretty. i believe aunff is still currently a very strong buy. i see no negatives, no downside, if anyone does please point them out to me. ***PS-the next board meeting concerning the water issue will be held on jan 17. hopefully a nice catalyst for us.
Day after day the same people here say back up the dump truck, or hurry before it's too late "the falcon is about to fly" or my favorite, wait till next month. LOL instead of defending (because i do understand hoping) just look at the SP for the last 5 years. so simple. i can even understand putting faith in a small mining company,but not with scamsters like PQ,and family,tan man running the same scam for the umptienth time on penny land folk looking for the big homerun. Do yourself a favor dont back up any truck with your hard earned money to any company on the street. if you want to invest in stock, find an established exploration or even a producing miner which has a management team with a solid track record. look at the company RS came from for example. there are many to choose. they even have ETF'S for JR silver miners. IMHO i believe holding the PM in bullion yourself is the only way you will not be left holding the bag. even the monster mining companies are at rock bottom prices because of the manipulation of PM prices, so even if a miracle occurred and sfmi did as they said (lol) SP still isnt going to far. as for me about 10 months ago the things one of our board members kept repeating, lets call him stocketrocks, finally sunk in my skull. even if you don't agree with what he posts. read his posts for a couple of years back. he is on the money about this thing of ours sfmi. i'm happy i listened and got out. i'm not a day trader.
gharma im sorry i mean silj a new etf made up of just jr silver miners. aunff is one of them. not much volume yet, but it's holdings are very interesting if you like jr silver minors. it's a very small world of them. look into it. when silver heats up i think it may be more noticed and take off. it's only about 2 months old. there also a slvp
what is the difference if there is a R/S? you will have the same value as you did before. unless im not understanding it correctly. a R/S in my eyes is only a positive thing, we will then be open for the big investment companies to buy. once it is not a penny stock, correct? so i see it as a positive. can you please show me where this idea of a R/S is shown. i also believe when aunff starts producing 10 million ounces a year, there will be stock buy backs, in this case it's better than a possible 1% dividend. aunff to my knowledge is in 2 different etf's gldj and silp. when silver starts to make it's run, these etf's will be gobbled up, because silver mining is such a small space. then the shares wont even matter. i believe that these etf's are lowering the SP as we speak because of all the shorting the big banks are doing to silver. wont take much to make them eat there shorts for lunch, and have the government bail them out. even though it's my tax dollars i want to make a large profit off of this action.
i think that this recent pullback, because of many forces at work against PM's especially silver should be embraced. i mean any one who follows aunff knows where we are headed. to me there doesnt look like anything besides mother nature could stop what has been set in motion. add to positions, this is a gift. please can anyone tell me even if you were just trading this stock, that there is not an easy 10-15% profit in under 30 days. once all the scared money is shaken loose we will see aunff start to gain momentum and not stop until lenox takes us where he says. what if; as some articles predict, that we buy 1 or 2 more projects, the company comes out and clearly states the mine life doubling. what if they tell some news of all the gold they have found mixed in with the silver. we do not need outside financing,like many do. would you like to go back in time and buy AG or MVG when they were turning the corner?
geomine im sorry man you took me wrong, i actually said; what you mentioned about freezing your purchases was a great idea. i read your posts, and i think you are very knowledgeable person. so please don't be mistaken. i don't see you sticking up for PQ. you have great knowledge and know how the processes work. i can see you do see some type of possible homerun, but you don't defend his actions. only a few here defend that socio path liar. i just don't understand why it is they do it. not you my friend. i have read an always taken in consideration what you have written here ty.
frozen your investment at this time. wow that is the most intelligent thing i have heard from a long, in a long time. lol. why do some of you people defend PQ with such diligence? you take it like a personal attack. i understand it's your money and maybe you feel the need to do it or you may feel taken. that is only sane reasoning i can conclude. plain and simple the man is a crook. look he is upset because the finiancier may be shorting the stock and lowering the value. that greedy SOB. what about the share holders? does he care he has taken 90+% away from them in a few short years? NO. wake up people look where his heart is. sfmi is actually giving the good ole usa a run for there money as far as printing goes. (money,shares) you get the idea. relax look at the truth and stop defending him. it's an insult to human beings. ok believe in WEM but don't defend PQ are you serious?
why would he do all of that? very simple. to keep mining shares. it's called 3 card monte. why else? why are the other millionaires involved? i don't know, greed i would guess. if it wasn't a scam wouldn't you be shown who the consultants are who receive millions a year. and for what reason? why didn't PQ tell SH for 2 years he didn't know how to work the tailings recovery, kept people in the dark. where are all the profits from all the dore bars that were promised to be shipped??? why doesn't he take a family member or 2 off the board and put in a qualified person? don't you believe he is trying to get listed? not with family on filling up the board. why does he take 2 huge salaries from his 2 companies and pay his family to "work" very generously? what have any of them done to receive that kind of job or pay? why hasn't any PR come to fruition that sfmi has made? or have i missed one that became reality? answer that please. i do believe in WEM. i just think really mining the mountain is at the bottom of PQ'S list of agendas. i don't think any major minor will be interested in buying out the comp. especially when PQ and friends own all the A-shares, greed will over power them. this is why i think sfmi is a scam. does any of these things make sense? do you think for 1 minute he cares about all the B-stock holders? uhhhmmm my guess and what i have seen says no. my main point here is, don't you think there are much better stocks with much more transparity and honesty out there to invest in??? GLTU
can you show me that sfmi is not a scam? that is a better question to ask. just try to follow the $$$. good luck trying. REVENUES???? bullion??? doesn't add up does it? like i said people still defend and believe PQ. it's amazing. where is the money from the dore bar shown in your picture? that is a question i would love to have answered. im sure PQ loves SH's like yourself, you keep him in his lavish life style. i'm pretty sure there are much better investments in the market. without a doubt sfmi IMHO is in the bottom 1% of investments today. i like lotto better. i can understand holding your shares and hoping, but to buy new shares is lnsanity. sfmi im sure does make a great presentation at SH meetings, thats the entire year in a nutshell for them. i lost 70% of my investment before i sold 8 months ago, and i'm relieved to have done so well and not worse. i'm sure if it were up to PQ he would find a way to get more from me than 100% loss. some type of payment for being allowed to participate in the scam. lol.
some posters here and elsewhere really are glutens for punishment. they actually defend sfmi and believe in it. STILL lol. wake up people it's just a scam. all of your defensive arguments pro sfmi, just show what a good salesman PQ is. well to me that he was, but that stopped 8 months ago. very simple; just read the quarterly reports and follow the $$$. you cant. sfmi is just a good ole share mining company. now that they do quite well.
tootalljones, nice to hear someone with some intelligence write down some facts. i am new to this board. i do believe AURCANA is a ten bagger. i have never seen such a promising growth story in an explosive metals market. this stock has not got the coverage. it is a steal at current levels. i love the PR podcast where lenic says "i told you would suprise alot of people in a year or so. cant remember exact words. i believe he will say it again in 16 months. what if shaffner has a nice grade of gold? what if there are no unseen problems with his plan? then i say watch out world, were going to explode on the scene. now is the time to load up. you are correct, not in 16 months. i will gather all my pocket lint for this one. i see it as the best investment with the least downside i have ever seen. analyst's saying silver at $150 in 3 years. i'll take $50 and aunff to the bank. good luck to all
For a long time i disagreed with what rocket had been saying. finally after hearing enough and seeing all the dissapointing pr's and sp drop over and over, i started to listen to what rocket was saying. He knows the penny game well. I used to think he was just a shorter. he may be, but now i think what he says is correct. All his information does not point to any positives by sfmi, and he is actually right and is showing us what PQ is doing and has done. i am almost fully out of the share miner. soon i will be totally gone. the shares i sold and bought another have made me 120% in 2 months. glad i woke up. disregard the ACTUAL facts and rockets posts at your own risk. sfmi is a hoax. please dont support the Q's lavish lifestyle. day trading is just fine for this stock. as for me just want to forget this clunker.
i finally did it!! i pulled the trigger and sold half my shares of this god forsaken stock, i may add at a large loss. i put that money into a real stock and it is doing well. should have done this along time ago instead of just being patient expecting PQ to do the right thing. i have half left i will let it ride to triple 0's. i am relieved of the burden of sfmi for the most part. it is time to move on and conquer. rape and pillage to get my losses back.
SHM the only purpose is for pierre to see what suckers actually look like in person, so he can learn and do better in his next project when he is 80. to keep the family rich
the only resistance is, the resistance of people to buy this stock
I am so tired of this phony manipulation game sfmi is playing. i had a tiny bit of hope that all was not lost yesterday. just to come crashing back down. all i want is to get like 75% of my initial investment back and ill be satisfied. these games and insiders greed are too much for any (forced) long here. not fair for the hard working people just trying to make a lil money. these rich thieving sons of a "guns" will hopefully get what they deserve. time for the middle class to rise up and take back our society from these con men. boy do i wish i never heard of sfmi. i would spend as much as it took someday to go visit PQ in a jail cell. the satisfaction would be priceless.
since your so excited to buy my shares carmine. how about sharing all that money you made today. let me try to come close to only losing 50% of my investment. share the wealth. i am a long here too. but not by choice, by neccessity. too cheap to sell so i held. waiting and hoping just to get my investment back. go sfmi. ill believe it when i see it. i think it's just certain insiders raisng SP so they can make a quick buck. we will see
DC i think your great. a good supporter and solid cheerleader. but where did you get those prices for other mining companies from. they are almost a year old. re-check prices and things will look different. anyhow i wish but don't expect sfmi to produce ONLY because of PQ.
3 cents is better than 2 cents. the fact of the matter is standing. any sfmi long that has been around for a while and lowered there price of there holdings, like myself but was too afraid of PQ's greed and trickery to lower it even more to below say 9 cents. i don't think we have a chance of recouping our investment. i am all for sfmi and hopes it takes off this time. just have heard it too much, and seen with my own 2 eyes the greed and deception, and lies put forth through the pr's. i for one will not support the Q's lavish lifestyle any longer. stopped doing that 6 months ago, for those who like PQ and family and want to keep them in the lap of luxury, keep diving in. all i can say is i dont think he deserves it for cheating and his disconcearn for average SH. cho-cho-clunk unfortunetly train wont make it out of station.