gmcswain@nc.rr.com
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Good luck cat. Thanks for your input on this one. You have been consistent and straightforward. Sounds like you don't think Mike had anything to do with her being appointed. Either way my reasons for being here are gone. Thanks again.
Agree with you that Black Fox was their best property. Great for MUX. They will benefit imo.
Not as excited about PPP now. Sounds like you still believe in it and will ride it out. Good luck. Higher metals prices will take care of a lot.....
Well catdaddyrt, do you still have the same view of Mike now that this has been given to Donnell Vigil?
My reasons for being here are gone. The gold was there. The question was always management and money. In their defense, it was one of the worst bear markets in metals for decades. I also do not believe Joe from Northern Vertex would have been involved if they were not trying to do something. It was always a lotto.....
I was surprised by this. I own both MUX and PPP. Definitely great for MUX.
Are you cutting your losses on PPP? Thought the new leadership at Primero would turn it around. Not sure now....
I had. They did finally reply. They have no plans presently to list the warrants on a US exchange. Thanks
Lone Clone, Would you, or anyone, happen to know if this Excellon warrant has a US listing for the OTC? Thanks
Hey Cat, How is this one going? Haven't followed it close for a while. I always thought GOLD needed to be $1300 minimum, preferably $1400-1500 for this little deposit to get any interest.
In the pro column they added Joe and I've been in Patriot Gold for long time so was familiar with his work with Vertex. He adds a lot of cred if he stays on. On the con side you have dilution. It would have been better to do nothing and just wait for a better environment gold price wise to find financing. I remember when OS was about 500 mil and price wouldn't budge. Those days are long gone now. As Rick Rule says, "sometimes the hardest thing to do in this sector is nothing, but its the right thing".
Above $1400 and 1500 could begin to rouse interest, hopefully. But its a tough sector and environment still. If they will wait, not dilute it and kill it or RS it, eventually the sentiment will change. I've been focused on the larger juniors in the mean time. This is now and always was a lotto. We know there is some gold there. We just don't know if this bunch will end up doing anything with it. Even if intentions are sincere this is a tough tough sector. Good Luck.
Ditto that. Found MXSG few years ago. One of the only message boards worth reading. Posted several times a while back. Just been following along silently. Any update also appreciated....
Thanks,
I'm in the latter group lol. The press release was in the morning and non eventful imo. The production was pretty much known. It was odd though. It popped to 1.15 up north before settling at .60ish. RBC looks as if they bought couple hundred thousand at end of day....odd. We'll see what happens.
Does anyone know the reason for Excellon popping like that end of day?
http://finance.yahoo.com/q?s=EXLLF
This was one of the better gold discussions I've seen in a while. Grant Williams is one of my favorite macro guys. It's macro/gold related not mexus specific for those who are interested in that. Best
https://realvisiontv.com/teaser/124538688
Not sure I go to so many and it was little bit ago. It would have been a small community site or private. Mostly metals emphasis probably. Not a Yahoo or ihub type. I just remember it mentioned in good company and talk of some of the grades and made note of it.....
Thank you, been focused on the gold bull for long time. As far as Mexus, a couple people I like on other blogs mentioned it as lotto. So I started reading.
If the gold is there the more witnesses of the credibility of management is a key. I would rather wait also. This market will turn. Those that survive this period and have the goods will do very well. No hurry just researching.
Financing, the other key, as global minerals recently found out(and I liked them but they lost their fully permitted silver mine....broke) has many avenues. Dilution, project generator model, JV, streaming, debt financing etc. The placer does give them a little flexibility to not be as desperate and forced to lose. So watching to see what their preferred way to fund is. All indicates JV. The problem is the one with the money usually has the leverage. Why placer could be key. Wondered if they would ever go project generator model. Didn't seem like it.....Just kicking the tires and I take my time. Good luck.
Thanks again
It's the Julio that has me interested. The placer is good to keep them alive during this time. The strikes are encouraging. The grades... veins. If accurate, management and financing become the key. Management is everything with miners. I like what I've read. I'll keep researching. Kind of reminds me of some early stages of other companies......best.
I have done and will continue to do that. But not all companies are honest. BRE-X comes to mind. No analyst covers these small ones so adding some third party knowledge who may have experience can be helpful imo. If you read my few posts you will see that I don't care for message boards and come here to find more info on tiny ones if possible. But thanks and good luck to you.
Hello MXSG board. I'm recently interested and researching this one as a lotto. I know the larger miners I like so looking for lottos. Any overview of this company and history from long time investors would be appreciated. Specifically management, resource, and financial condition. I like what I see of potential resource. Financing is tough everywhere in this sector now. Thanks in advance....
Historically in the commodity cycle gold moves first and oil moves last with the softs...ags...base...scattered in the middle. Gold fell first, oil fell last. Etc. Always exceptions depending on events in world... but I'm watching .....
I see gold as currency but most don't ...YET.
Massive opportunity....
Agree, seventeen years is the average. I think the extreme interventions are prolonging this cycle. Both in equities and gold. We will have to see how it plays out. Probable the gold bear wouldn't have lasted this long without the intervention and one upleg would be underway now, setting us up for the 2017 finale. It's just a feel of how things have unfolded but I think this cycle has been prolonged. Good luck to you. Hope you do win. Best
Timing is hard with all the intervention prolonging things but I would tend to agree. And would add, I think the bull has two uplegs left in it. Debt Crisis becoming acute (Europe imo) and ultimately inflation kicks in. We'll see if that's 2017 and 2020 when the uplegs top.
All paper is being devalued. In the end it won't matter which is the best relatively speaking. Gold which is not relative, but absolute and constant, will prove itself superior.
I agree the dollar is the best paper and China is not near ready. But all paper globally is being debased. Defending the dollar against other fiat is one thing but against gold is another.
Dollar going to continue to rise against paper/Euro primarily. But will lose value against the constant....gold. We went through this in 2000-2002. Gold rallied against other currencies. Then gold rallied WITH the dollar for years as the dollar keep rising against other paper. Then the dollar rolled over. Transitioning to time where both rise together again soon...year or two. Imo
4/25/11
Four years ago today silver topped.
4/25/11
Four years ago today silver topped.
SLW stream money kept them from diluting. Their silver is so quality SLW wants the stream so they have some leverage. I hope they work it out. IF they opt out of the stream deal they would simply be on their own as I understand it. The good side is they get the 25% stream back. The downside is they are on there own like many who dilute or debt finance. This is why their environmental bus is so key. They'll make it I think. What form is the question. With SLW and stream?. With dilution or debt?. Do sell portion of the environmental bus? These unknowns are why so beaten down. I don't know that the management know yet how it will unfold. Of course silver over twenty solves lots of problems....
Yes. It gives them the cash flow to last. BUT it doesn't give them enough to pay SLW what they owe them. Nor does it give them enough to restart production. I love AXU. Been talking about it here for months but they will have to decide how to deal with those two issue. In CC said would not dilute to pay SLW at these prices. The new deal has option. We'll see what they do. Still a favorite long term silver of mine.
The gold market here reminds me of 2000-2002. During those years gold was in a bull against other currencies as the dollar was strong. THEN gold and the dollar rose together for several years until the dollar rolled over. I believe we are in the transition to the second phase and the dollar and gold will rise together for years.
The DXY is simply an index of paper relativity so should be meaningless to gold. The only reason it rises is because the euro falls. Over 50% of weighting. It rises by default as the prettiest girl in an Alaskan bar... or whatever euphemism you like. As in 2002 we are transitioning to where gold rises with the DXY paper relativity index. Which, since all paper is being devalued simultaneously, should become less and less significant. Though the dollar is the cleanest shirt in the hamper of dirty clothes....
Just some thoughts thrown out. Been here before and I would add the gold stocks are in about the same condition as that time also.
AXU one of best of the beaten down group. Along with Santa Cruz.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112102813
Thanks cork, that was an awesome summary. I'm in before the bankruptcy. Bought in 70¢ area at bottom. Thought had safe position and was gone if got back down to 70's. Then the filing. Trying to figure out how high would bounce. If close to my original entry since most are in it at multiple dollars. Wondering whether to look for .30 or .50 or what to possibly expect as far as recouping the money. Again that was an awesome summary. If you have a guess how close it may come to my entry I'd love to hear your thought. Not experienced on these. Thanks
Been watching many for relative strength off Nov bottom to see which ones to possibly accumulate this summer. As well as those that are beaten down that I just like. Strong relative strength off bottom include....
Klondex....best for while
Kirkland lake......beast since Nov
Dalradian
Claude
Teranga....not bad
FNV and Osisko fav royalty
Asanko as beaten down one. Kaminak acted well. Want in producers really. PVG is an exception....like it. Blue chip.
Like your list as well. Just ideas. For now. Silver harder to see relative strength in. Silver price is so determinative in what isn't crushed .....AISC
Cork, or anyone, could you give me your experience from bankruptcy stocks on handling ANVGQ. How high a bounce might go. How bounces in a bankruptcy stock go. Or is it totally random. I know miners and what I want there,not so much bankruptcy stocks. Thanks
Ty. I honestly don't do enough ihub to even know how to mod. Just a gold silver focused investor in this environment. This board puts up some good info on miners. ....
Yw. Ibox looks fine. This one of favorite little silvers along with Avino. La Joya allows them tremendous growth potential when developed to increase silver production if silver gets back to 25$. While Santa gives them low cost to get through this environment. Last year was overhyped a little. We'll see .....Good luck. Need silver to rise is bottom line.
If you want a pretty chart look at Klondex. It's a best of breed little gold junior imo. One to consider. The next six to twelve months will show us a lot about many markets. I'm watching mostly for now.
Silver fun fact.....silver trading range is <10$ for TWO YEARS.
Management was my biggest concern on a tiny one like this. Are they legit. And if so, do they have the experience and ability to get something done with the resource. Recent updates are encouraging. I have hoped you were right about Mike.
I would add another key here is no convertable debt. Not that I'm aware of. We also need the price of gold to stay up.....wouldn't bother me if they waited to mine it til prices were higher. Many are doing that, waiting for higher prices. Don't want to use up the mine life on low prices and margins imo.
Claude CEO interview. I know many here like it...
http://www.kereport.com/wp-content/uploads/0411-1-2.mp3
Good interview discussion from couple of pragmatic non gold bug oriented guys about gold and current markets. Grant Williams is one of best imo. Good luck