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Thanks for the update Job !
JFF7
I am not following BBRY closely anymore but I still receive the SA articles about it. I saw 5 separate articles in my email about BBRY in the last 24 hours and all were very negative so i thought the stock would be down 10-15% today....Low and behold it's up 10%.
What a bunch of BS goes on SA. Shorts writing articles to protect their positions and earn a little pocket money for wagging their tongues. No wonder I don't read them anymore.
Hopefully a sign of a turn around for BBRY.
JFF7
golds are collapsing ...technical selling now
I guess that is why people advocate always keeping 10-15% cash...for buying opps....its just hard selling when things are going up finally....oh so very hard.
JFF7
what part of mexico are they operating in? Safe sates?
JFF7
its the venture exchange...anything still goes.
JFF7
it wasnt.
could it be the new phone. It almost looks like they got it right.
Nice cameras. Most popular size (5.2). Complete access to Google apps finlly. Very expandable memory. Lots of the BBRY features people like...the Hub and intelligent keyboard...
and most important at a very competitive price.
JFF7
what's up?
I must have missed something. Up 10% in last 10 days.
JFF7
USA.to
heard this one rec'd by the Scotia guy on BNN this morning I believe.
JFF7
PRU.to - 5.77%
todays 48.5 cents price is better...will tomorrow be even better? my timing stinks...don't own any PRU yet.
JFF7
Thanks Bob... I did remember you mentioning them and bought some yesterday on the dip.
the warrants add leverage without adding much risk if they can make it into the money over the next year...any more than that and I would start worrying about the impact of lose of time value.
I don't buy this raising rates talk the Fed is constant spouting. Yes they need to do it but I think it takes a long long time to raise rates any significant amount. In the meantime lots can happen in this crazy world of ours.
I need some gold exposure. Royalty play seems like a simple way to get some exposure without being reliant on one mine and the warrant adds to the potential upside.
JFF7
thanks for the picks and the back ground on the state of gold mining stocks.
JFF7
Bobwins,
great pick on EDV.... you have done really well with that one.
Got any more up your sleeve your in or are watching closely?
JFF7
still high on PRU?
I think I am finally ready to buy some gold stocks. kicking tires now.
JFF7
I exoect them to say they are out of the hardware business. This qtr or next.
They have to have a story to replace it though.
JFF7
EDV buying all the rest of the shares. Is this a good thing? Maret says no right now but I am wondering if this is just not an opportunity.
JFF7
whats up...BBRY rising today?
they bought some kind of security consultancy firm (SA).
JFF7
thx checkmate....certainly its a proven area. Consistent results found and mined in the area.
JFF7
Looking to buy a gold miner operating in Canada with low costs and expanding production. Any favorites here?
JFF7
SHORTS HAVE STARTED COVERING OIL SHORTS. tIME TO START WADING IN.
jff7
is that like the 7.00 dollar support?
another end of day run coming? Shouldn't but it feels like it. Price of gold creeping up, EDV share price sneaking up, other golds already up more even though there is more value here.
JFF7
another end of day run coming? Shouldn't but it feels like it. Price of gold creeping up, EDV share price sneaking up, other golds already up more even though there is more value here.
JFF7
very true.
Also have to prove they can stand on their own two feet without the crutch of the local government. I am not a buyer until they prove a lot of things. Commodity prices remaining low will hurt any efforts to make change in the industry.
imho,
JFF7
I have been wanting to buy some EDV forever, Now that it is more liquid, I bought. Saw the index thing Friday morning and bought as it rose to 6.70 thinking I could sell for a nice gain duringthe day but then it fell back all day while Goldcorp and other quality names rose 6-8%. I guess they were accumulating during the day.
Missed the close so I am happy to see the strong finish.
JFF7
Seekig Apha called it as Walmart selling out on the PRIV. What a crock! Just trying to lay up the pre-earnings run up so it can be shorted down again. They never learn.
JFF7
what the heck? 7% up?
thanks. Yes I like Brent cooks commentaries.
The complex geology was the clincher for me to back out of my trading position. Smells like San Gold all over again.
JFF7
thanks for the info...I think I will get out after the bounce from the 40% drop.
Geology sounds a bit like San Gold's which was on the other side of the same green belt. Lots of gold but twisting narrow veins which made mining very difficult.
Not a long term hold for me.
JFF7
RMX.to / RBY
anybody buying this sharp drop?
- mill shut down due to water issues
- CEO let go and replaced by a director
- concern that financing will be needed to see them thru to commercial production
Water issues will cost them 2-10 million to resolve (rumor mill by analysts).
possible that there are other undisclosed issues
water issues will take few weeks to fix (have been remedying them since September when issue was first brought up).
Bought a trading position for the short term. 40% drop seems overdone. Anybody else look at this?
JFF7
it sure looks like this stock is perpetually an easy short.
If their secure android phone is a success (accepted by governments / finance / etc as a secure alternative to the BB10 versions of the phone) that will be the end of BB10 phones.
Then Blackberry is just another Android phone maker with a security slant or a software company at best.
JFF7
Good will help them with their penetration into the iPhone / iPad corporate market but comes at a significant draw on their cash reserves making this their biggest purchase ever.
In the long run, it may be god for them.
The new phone this fall could be more important if they can find a way to include google services. If it is just an Android phone with no access to google services then they might as well save their efforts for now. It is proving more difficult for them than they thought but it is only a software problem to them so it will be solved eventually.
JFF7
Thanks for the thoughts on the matter.
I understand China is rebuilding thier inventories right now. And the price stay down so maybe copper will reach 2 bucks.
Worth keeping eye on though the way the stock prices have been beat up.
JFF7
is it time to start looking at the miners again?
copper miners have been pounded lately (last three months). is the bottom near? I guess the main driver is chinese data?
any chance price of copper gets to 2 dollars? that would be a real sign post of a bottom I would think.
Time horizons? will these low prices last for another year?
JFF7
OGC.to
what do people think of OGC buying up Romarco? Did they get a good deal or did they over pay (75% premium would seem to suggest they did). Does the share price reflect that now (trading at 2.30 cdn).?
JFF7
Thanks for the clarification on that . Much appreciated. ORV just moved well up my "to own" gold stock list.
JFF7
ORV.to
at one time this traded real cheeap because it only operated in Bolivia and investors feared Boilvia might nationalize the mine. That was before the other producing property.
How much is Bolivia of the total production and are those fears now a thing of the past?
JFF7
yeah I had to get out on this yesterday. what a disappointment.
12% equity dilution at a 10% discount to market (let alone the recent trading range). this smacks of the mines being money pits.
Zinc prices collapse below a buck and LME inventories suddenly take a huge jump up.
Too much bad news to stick around.
JFF7