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HA HA !! yeah Woody was busy besides they talked Johnny into wearing the pirate outfit at all public presentations and events... GOT HEMP??
we need JOHNNY DEPP AS SPOKESPERSON !!
very nice day...hold tight its going to get be..."Gettin' Jiggy Wit It"
yep, this is a monster in the making...cheers
fantastic trading going on...all shares being absorbed into stronger and stronger hands...this ones going much higher even without news...with news WTFK...cheers
breath in breath out...we are going to 10 cents a share within a short time period...i can see other MJ companies consolidating under this ticker...cheers
Ticker symbol alone worth a quarter !!
Intracoastal Capital, Llc has disclosed 24 total holdings in their latest SEC filings. Portfolio manager(s) are listed as Mitchell Kopin and Daniel Asher. This investor has not filed a 13F, which indicates it has under $100M in Assets Under Management (AUM). Intracoastal Capital, Llc 's top industries are "Construction Special Trade Contractors" (sic 17) , "Chemicals And Allied Products" (sic 28) , and "Electronic And Other Electrical Equipment And Components, Except Computer Equipment" (sic 36) .
https://fintel.io/i/intracoastal-capital-llc
any thoughts on these 2 guys kopin and other with intercoastal?
yeah its hard to out think this stuff, and with so many outside things like n korea and trumps follies and the stock market at all time highs, its just a real interesting time to live, let alone invest. anyhow much luck to all and good trading...cheers
pretty impressive, the dollar is up a little and gold is down and silver seems to be decoupling from them...interesting...cheers
this is another reason for me to be a little short term bearish on the metals...the dollar i think will have some sort of cat like bounce...be it a dead cat or any other kind, i think it will have it and when it does the metals will pull back...cheers
http://www.siliconinvestor.com/readmsg.aspx?msgid=31203410
hi john, i just watch the stochastics close and if you look at the 1 month bar chart here, the stochastics are embedded overbought. now they can stay this way of course but almost always correct and i just thought it prudent to take profit. i will also say im very bullish on silver but also must trade too, i will be back...cheers
https://www.barchart.com/etfs-funds/quotes/USLV/technical-chart#/technical-chart?plot=CANDLE&volume=total&data=I:120&density=H120&pricesOn=1&asPctChange=0&logscale=0&im=120&indicators=BBANDS(20,2);SMA(20);SMA(50);SMA(200);ACCUM;CHKMF(20);CCI(20,100);SMACD(12,26,9);RSI(12,100);STOSL(14,3);PVT;SMA(34);PTP(50);PCT(20,0.20);TRIX(15)&sym=USLV&grid=1&height=500&studyheight=200
hey john, i blew out my position yesterday morning because i feel we are short term overbought in the metals right now. i will revisit them when i think the stochastics have corrected enuff for me...see everyone soon and good trading luck 2 all...cheers
here we are at 12+ ee...im going to lighten up into this rally and see what happens...like i said at twits, im not bearish but its close enuff to first target 12.5...cheers
thanks ee, boy silver is still flying tonight and all the bears are scrambling to cover. lets see what happens at 12.5 because as i said i think thats the first stop then onto 14.5 then 17.5. all in my humble humble opinion...
you would think so...i cant find the right combo for it...well in any case quite a bit higher than where we are now for sure...cheers
hey john if silver is at 20 where is USLV at? good point on the stops and i know its the safe way to play but that flash crash nonsense sure played on those stops and then when they wiped everyone clean they brought it right back up...dirty thieves
hey Whip i was wondering if you have ever talked to this rich? i doubt he could or he would talk about the share status or plan for it to you but it might be worth a try...tell him that you are CB's brother from Goldman Sachs...cheers
LOL...i know she does...that pic is a stipper dressed up as that little hottie Sarah Palin...i cant quite put my finger on it but she does something for me...after Trumps 8 years she will be next...Sarah that is...cheers
that whole thing is giving me a headache... yellen says rates stay the same and she wants to unwind years of QE 1,2,3... and the bonds are up...the stock market is at all time highs....dollar craters... gold/silver up... i need a gin & tonic...cheers all
p.s. i think i may lighten up on everything a little just to be on the safe side.
yeah it sure looks like full steam ahead... but everytime i get to thinking that... something comes outa nowhere and smacks me upside the head...but it looks great right now... cheers
Not With Our money.... Soros and company (Obama and most of congress and the press) will have a very hard time containing Trump and if they do something rash, which is quite possible, i think we may have a civil war.... hows that for bat chit crazy talk...cheers
i guess his favorite movie is the "The Wild One" .... STELLA !!!!
'Hi Ho Silver'
she sure did...the dollar is cratering after she said they will start unwinding the cheap money/bond market...this could get real now...cheers
she want's to keep "The Donald" happy...
hey dubc, better put a string on that bush like coolhandluke and keep shakin it there... :)~
this is just getting down right stupid now...to think CB's name is attached to this and a product on the shelves of many stores and online outlets and she's pushing it on TV and many other places, plus all the folks she knows, i just find it a bit unreal that this stock cant clean up its act and head north, with 1.5 bil shares out or with 100 mil shares out....this CEO better get his act together soon...
hey gm ee, im watching the dollar like a hawk...its poking its head up again and silver does exactly the opposite of what the dollar does it seems...im not bullish on the dollar at all because trump wants a lower dollar for trade purposes and he seems to be getting it but like all markets it can only go 1 way for so long before a pause of refresh and we be may be seeing that now in the dollar. i dont expect to much of a rally in it but enuff to stall silver for now... we wait and let the ebb and flow take place...cheers
we can only hope it brings this to under 100 mil O/S and a PR stating no more shares needed for operation cost becauses sales will carry company now. hey a guy can dream cant he?? GLA...cheers
LeadFX loses $2.7-million in Q2 2017
2017-07-25 17:16 ET - News Release
Ms. Jessica Helm reports
LEADFX REPORTS SECOND QUARTER 2017 RESULTS
LeadFX Inc. has released its results for the second quarter ended June 30, 2017. In the second quarter, we incurred a net loss of $2.7 million, or $0.07 per share, compared to a net loss of $2.5 million, or $0.06 per share, for the second quarter of 2016. (All dollar amounts are in U.S. dollars unless otherwise indicated
As the Paroo Station mine ("Paroo Station") was in care and maintenance in both periods, costs were broadly comparable in both periods except for lower management services fees and foreign exchange fluctuations, which resulted in a $0.1 million loss in the second quarter compared to a $0.2 million gain in the same period of 2016. Foreign exchange is principally incurred on accounts payable balances denominated in Canadian and Australian dollars. Prior to July 19, 2016, borrowings were also denominated in Canadian dollars. Refer to the Borrowings section of the corresponding Management's Discussion and Analysis of Results of Operations and Financial Condition for the quarter ended June 30, 2017 (the "MD&A") for further information.
SECOND QUARTER FINANCIAL AND OPERATING HIGHLIGHTS
During the second quarter, Sentient Executive GP IV Limited (for Sentient Global Resources Fund IV, L.P.) ("Sentient IV") agreed to, among other things, forbear from demanding payment under the Bridging Facility and the Notes (defined below) to July 31, 2017. For further information on the Bridging Facility (defined below) and the Notes, please refer to the MD&A.
Paroo Station is on full care and maintenance and, as a result, additional financing will be required to meet our strategic growth plans, ongoing costs and loan commitments.
Operational
InCoR Transaction and the Paroo Station mine
As a result of efforts made during the quarter, on May 12, 2017, and subsequently updated on June 19, 2017, the Company announced that the Board of Directors of the Company ("the Board") approved entering into an arm's length transaction ("Transaction") with InCoR Technologies Limited and InCoR Energy Materials Limited (together "InCoR") related to the transfer of lead hydrometallurgical processing technologies to LeadFX for the initial development of a lead hydrometallurgical processing facility at Paroo Station pursuant to the terms and conditions of a definitive umbrella agreement dated June 20, 2017 between InCoR and Sentient Group of Global Resource Funds ("Sentient").
Lead Hydrometallurgical Technology:
InCoR holds (i) an exclusive license from BASF SE related to patented hydrometallurgical technology for 'recovering lead from a mixed oxide material' (the "Oxide Technology"), and (ii) an exclusive license from the University of British Columbia related to patented hydrometallurgical technology for 'recovering lead from a lead material including lead sulphide' (the "Sulphide Technology" and together with the Oxide Technology, the "Technology"), both of which utilize methane sulfonic acid as a leaching agent.
The Technology has the potential to transform Paroo Station from a relatively short-life, moderate-risk lead concentrate operation to a longer-life, lower-cost, lower-risk lead metal producer. This in turn will provide a significant production platform on which to build a world-class lead resources business through the application of InCoR's oxide and sulphide technology at other mining projects and further development for application for other purposes including lead recycling.
The Board-approved Transaction is subject to final TSX approval and the negotiation and approval of definitive documentation.
Potential cobalt joint venture
The Company terminated negotiations with Riva Resources Ltd. regarding a farm-in agreement for cobalt exploration on the Company's tenements.
Burgin mine
The Company secured a five-year extension to the mining permit at the Burgin mine. The Company owns approximately 83% of Chief Consolidated Mining Company which owns the historic Burgin lead-silver-zinc underground mine near Eureka, Utah. The Company considers the Burgin mine to be a potential brownfield development opportunity in the future.
LIQUIDITY AND FINANCIAL CONDITION
Operating activities
Cash used in operating activities in the current period was $0.4 million (33%) higher than in the second quarter of 2016, primarily due to an unfavourable foreign exchange rate and higher financing costs.
Investing activities
There have been no investing activities during the second quarter, apart from the release of funds from restricted cash balances upon the expiration of certain gas supply contracts and nominal interest income. There were no investing activities in the same period in 2016 as the Paroo Station Mine was in care and maintenance, other than nominal interest income.
Financing activities
Financing activities for the quarter decreased by $2.5 million when compared to the same period in 2016. The 2016 amount pertains to the $2.5 million unsecured promissory grid note dated April 22, 2016 issued by LeadFX to Sentient IV.
Borrowings
Bridging Facility
On January 29, 2013, the Company entered into a C$20 million secured loan facility (the "Sprott Facility") with Sprott Resources Lending Partnership ("Sprott") bearing interest at 12% per annum secured by the assets of the Paroo Station mine.
On December 18, 2015, Enirgi Group Corporation ("Enirgi Group"), Sprott and the Company entered into an agreement pursuant to which Enirgi Group paid Sprott the outstanding balance owed by the Company to Sprott under the Sprott Facility resulting in the Company owing Enirgi Group C$9.6 million ($7.0 million) (the "Bridging Facility"). Pursuant to the agreement, all of the Company's obligations to Sprott were extinguished and Enirgi Group assumed all of Sprott's rights including Sprott's security over the Paroo Station mine. Effective July 19, 2016, Enirgi Group assigned the Bridging Facility to Sentient Executive GP IV Limited (for Sentient Global Resources Fund IV, L.P.) ("Sentient IV"). The Bridging Facility was further amended on July 19, 2016 to convert the outstanding principal and accrued interest payable from CAD $10.3 million to USD $7.9 million.
As at June 30, 2017, the Company owed $8.5 million under the Bridging Facility to Sentient IV. The Bridging Facility, which is secured against the assets of the Paroo Station mine, bears interest at the rate of 10% with a maturity date of July 31, 2017.
As a result of the decision to place the Paroo Station mine on care and maintenance on January 16, 2015, events of default were triggered under the Bridging Facility. Sentient IV has agreed to forbear from enforcing its rights under the Bridging Facility until July 31, 2017. A copy of the Bridging Facility has been filed at SEDAR and available at www.sedar.com.
Sentient Promissory Notes
On April 22, 2016, the Company issued an unsecured promissory grid note with Sentient IV (the "Promissory Note") for $2.5 million, which at June 30, 2017 is fully drawn down. No interest is payable on the principal amount of the Promissory Note, which must be repaid on July 31, 2017. Sentient IV advanced an additional $1.0 million on August 25, 2016, $1.0 million on November 21, 2016 and $2.0 million on February 21, 2017 pursuant to additional unsecured promissory notes (together with the Promissory Note, the "Notes") with the same terms and maturity as the Promissory Note. Sentient IV has agreed to forbear from enforcing its rights under the the Promissory Note until July 31, 2017.
Capital Resources, Liquidity and Working Capital Requirements
As at June 30, 2017, the Company had a working capital deficit of $23.1 million, which included $15.2 million owing to Sentient IV under the Bridging Facility and Notes, all with a maturity date of July 31, 2017. Neither the Paroo Station mine, the Chief properties nor the North 67 properties are operational or generating revenue.
The Company's ability to continue as a going concern is dependent on a number of factors including, but not limited to, the Company's ability to either (i) refinance the Bridging Facility and Notes, (ii) raise additional funds to meet its debts and obligations as they fall due, or (iii) undertake further transactions which may realize the value of the Company and its assets. The Company will need to raise funds to pay for its ongoing costs of operations and undertake at least one of these aforementioned actions in order to service its working capital deficiency, meet its commitments to lenders, meet the costs of care and maintenance, meet the costs of any potential future restart of the Paroo Station mine and meet the costs of bringing the Company's mineral projects into production. The amount of any funding requirement will be dependent on several factors including, but not limited to, the nature of any refinancing of the Bridging Facility and Notes, the nature of any additional transactions undertaken by the Company, the outcome of further negotiations with the Company's lenders, the costs and duration of care and maintenance, the timing and cost of any potential future restart of operations at the Paroo Station mine and the cost of bringing the Company's mineral projects into production.
There is no guarantee or assurance that the Company will be able to (i) refinance the Bridging Facility and Notes, (ii) secure sufficient financing to fund its commitments to its lenders, the costs of ongoing care and maintenance, the costs of any potential future restart of operations or the costs of bringing its mineral projects into production or (iii) complete any further transactions. If the Company is unable to obtain sufficient funds or repay debts from either one or more of these actions, it would affect its ability to continue as a going concern. A decision to restart the Paroo Station mine will be contingent on several factors including, but not limited to, a sustained recovery in the LME lead price, a reduction in treatment charges and a favorable USD:AUD foreign exchange rate. A decision to commence development of the Company's mineral projects will be contingent on several factors including, but not limited to, commodity prices, the estimated recoverable minerals on the projects, the projected cost to develop these projects and obtaining funding to finance these costs.
These material uncertainties create significant doubt as to the Company's ability to continue as a going concern. The Second Quarter 2017 Financial Statements do not reflect any adjustments to carrying values of assets and liabilities and the reported expenses and balance sheet classifications that would be necessary should the going concern assumption be inappropriate. Such adjustments could be material.
Shares issued and outstanding
As of the date hereof, there were approximately 38.3 million common shares of LeadFX issued and outstanding. In addition, options exercisable for a maximum aggregate of approximately 0.1 million common shares were outstanding.
Management's Discussion and Analysis and Consolidated Financial Statements
LeadFX's unaudited financial statements and MD&A for the three and six months ended June 30, 2017 will be filed today and will be available on SEDAR at www.sedar.com and on the Company's website at www.leadfxinc.com.
About LeadFX
LeadFX is a Canadian-based mining company focused on the development of lead-silver projects located in stable jurisdictions. Our current portfolio includes a restart-ready lead operation in Western Australia and exploration and development projects in Alaska and Utah, USA. The Company continues to seek opportunities at its new properties in North America to underpin future cash flow and growth. LeadFX trades under the symbol "LFX" on the Toronto Stock Exchange.
We seek Safe Harbor.
interesting day for silver...maybe the pause that refreshes has started and the gap was filled i was looking for...in any case i think this will be a short lived pause/pullback and we carry on soon enuff...AIMHO...cheers
p.s. the dollar poking its head up from a sharp decline is partly to blame...keep an eye on the dollar...GL2A
silver has been all over the map today...alot of wild things going on...
well its just a guess like everyone else's but on the 3 month chart if we get a red candle today followed by a few green ones and fill the 1st downside gap there in early july from around 11.90 to 12.10, i would think that's a perfect spot to rest and breath out, then after a short pullback/consolidation continue on upward bound with next stop 14.5...IMHO :)~
sometime this week i think we see the gap fill from 1st of month and then that looks like a logical place for a small pull back...BWTFDIK...cheers
hey we are in complete agreement. how does anyone come up with a negative outlook on silver? i guess the only way to look at it is that they will sure help us break out of this long term bottom with a vengeance.
if you noticed that chart showing the more they shorted the more gold and silver moved up, and right now its a very highly short market. anyhow good weekend...
hi ee, im there too, under silverclouds :)~
yeah its hard not to look at a few pennys now and then...right now this has my full attention, those others are icnb and tmps. both are very different stories and have great chances at success but icnb has way too many shares out and tmps is really odd because its a contractor with gov, contracts and folks with deep pockets involved not many shares out but stock going nowhere at the moment. anyhow everythings a crap shoot and ive learned the hard way not to believe much i see or hear from anyone. one last one i have is mvis. this one has a cell phone with a laser projector in it for netflix or whatever and is selling in china. they also are working on chips for the driverless cars with stm. anyhow take everything with a grain of salt and be very leary about all everything i say...please...lol...cheers
heres a great story on massive shorts coming into gold/silver recently...
The gold-futures and silver-futures short positions held by speculators have rocketed up to extremes in recent weeks. These elite traders are aggressively betting for further weakness in gold and silver prices. But history has proven extreme shorts are a powerful contrarian indicator. Right as speculators wax the most bearish as evidenced by their collective bets, gold and silver decisively bottom and birth major new rallies.
Futures trading has a wildly-outsized impact on gold and silver prices, especially over the short term. It is amazing how much volatility futures speculators’ collective buying and selling generates, often drowning out everything else. Two factors are responsible for this dominance. The extreme leverage inherent in futures trading and the unfortunate fact the resulting gold and silver prices are the world’s reference ones.
Normal investment capital flows occur with no leverage, the vast majority of stocks and bonds are bought outright. So buying and selling isn’t multiplied. Some stock traders use margin, which for many decades has been legally capped at 50% in the US. So they can borrow up to half their stocks’ purchase prices, or run 2x leverage. That gives any given capital flows, buying or selling, twice the price impact of outright ones.
But futures speculation allows truly extreme leverage, in a league of its own. US gold-futures contracts each control 100 troy ounces of gold. At $1250, that’s worth $125,000. But the margin requirement, the capital necessary in a trading account to hold that contract, is just $3950 this week. That enables traders to run leverage as high as 31.6x! That acts as a strong price-impact multiplier on all their buying and selling.
Silver futures are similar, with US contracts each controlling 5000 troy ounces. That commands $80,000 worth of silver at $16. But this week traders are only required to put up $5000 in cash to buy or sell each contract. That makes for maximum leverage of 16.0x, well under gold’s extremes but still enormous by normal-market standards. Futures effectively greatly amplify the price impact of relatively-small amounts of capital.
http://www.elliottwaveanalytics.com/2017/07/goldsilver-shorts-extreme/
look at this chart john, perfect example of a great product, great spokesperson with Christy Brinkley and starting to really get distribution channels opening up with most resent in a target test store,wine.com costco, and a never ending supply of shares showing up holding S/P down.
https://www.barchart.com/stocks/quotes/ICNB/technical-chart#/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=0&indicators=BBANDS(20,2);SMA(20);SMA(50);SMA(200);ACCUM;CHKMF(20);CCI(20,100);SMACD(12,26,9);RSI(12,100);STOSL(14,3);PVT;SMA(34);PTP(50);PCT(20,0.20);TRIX(15)&sym=ICNB&grid=1&height=500&studyheight=200
gm john, i may be way off base but looking at every long term chart of silver i see, screams to me that we are going to have a major breakout soon. once again im no chart tech. but it sure looks that way to me. i see alot of talk about barrick but i dont know too much about them myself. im tired of buying single stocks only to get screwed by bad management or some other unforseen reason the stock blows up. these etfs really look like the way to play everything now. cheers