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???? I was not referring to a takeover offer of PTQ. FQ has to take over Inmet before anything happens between PTQ and FQ, correct?
JFF7
are we basically waiting for FQ takeover offer of Inmet to play out and hoping POG does not fall any more in the meantime?
JFF7
ORT.to Value1008
I am glad they were able to bring this deal home. And as you said this is what RB said would happen. It's nice to see CEOs making goals they earlier set. Gives us investors confidence in our investment.
However, your characterization of the increasing capital spending as simply being need to move from 3 to 5 tonnes per day does not at all jive with the purported leaked analyst notes. Modeling the plant closer to the proposed SGA process instead of the HPA process sounds like something bigger.
Anyways, more details will come out. I'm sure they are doing it for the right reasons, whatever it is they are doing. I'll be watching the Silicon board as that seems a lot more concise and less noisy.
JFF7
ORT.to
I think they pushed this news release out just in time to stem any negative talk about pushing the Feasibility study of the SGA plant to the end of the year and the increase in capital spending on the current plant so that it can model the SGA process more closely and increase the plant capacity. Some of this is based only on a rumored analyst tour but they have updated their corporate presentation with the new date for the feasibility study being the end of the year now.
Anyways the collaborative agreement is great news but there is more happening under the sheets right now that we need to keep an eye on.
Enjoying the recovery in the share price today.
JFF7
it's not about being a cut above the rest, it's about being undervalued below the rest. Two very different things.
JFF7
ORT.to
It sounds like JV with Rusal is coming soon. It's just that soon can be days, weeks or even a few months. Agreements for 4N sales also should trigger some upward movement.
I think when it is close, the price gets pushed down to the 2.40 area. that is when I expect I will do most of my buying but I am adding a few thousand shares each week in case I am wrong.
Good luck with ORT. I'm pulling for them.
JFF7
ORT.to
wow Bob, you must really have faith in this company. this is one of the longest times I have seen you hold a stock which has not moved up significantly for you.
I bought an initial position it and have been adding on these little pullbacks. I hope to double or triple my position before it moves up a lot.
JFF7
Both. LOL
JFF7
I wonder if the new debt deal will be any better than the old debt deal. Heavy sigh.
JFF7
Pilk is correct. It is probably his fifth largest holding in his portfolio.
I know you have a need to be the resident expert on all things PTQ and that you probably have more access to local information than anyone else. All we ask is that you keep it civil with Oullins. He is a great source of potential information and ideas because he is an even keeled investor and openly shares his ideas and DD. He's just a nice guy willing to share. No need to submit him to the baking dogs and caravan conversations or the daily beratings you like to bestow if you disagree with something he says. Civil discourse will be met with civil discourse.
Thanks in advance for your cooperation in this.
JFF7
yes it was a bonehead move near the end of day. Sometimes making a trade just because you want to make a trade is not a good idea.....ok most of the time.
JFF7
MJK,
ease up on Oullins. He's the real deal. You want him on side. He and Chen did visit PTQ. It was planned weeks ago. They came with the German investor, I believe.
Check with your local contacts. It will be confirmed.
JFF7
PTQ share price staying strong in spite of drop in POG. How strange is that?
JFF7
thank you. I like it...I like it !
JFF7
i changed my mind....I know I know...I can't do that.
LOL....
JFF7
I'm pretty convinced that PTQ fundamentals have improved now and over the next three months that should start hitting the bottomline.
I have taken a solid position in PTQ (for me but I don't have much in PM because I don't want to underestimate the world's bankers from being able to get the can down the road with the help of the western governments). If inflation shows up I would take a much stronger position.
Of course if PTQ does not manage to sign the financing they have been pursuing or are forced to hedge production in order to get it, my solid position could be screwed for some time.
JFF7
POG having a hard time getting to 1700. Meeting a lot of selling volume. Too bad. Sure hope it doesn't have to retest 1550.
JFF7
yup I'm making money again. Third time is the charm.
JFF7
Guess it is time to up the ante
JFF7
well now we know which of the major shareholders they have an agreement with. There should be at least a few more.
JFF7
FQ won't get their 66% acceptance from Inmet shareholders if copper situation keeps improving (China story). Inmet shareholders will want more.
JFF7
PTQ.to
Closing this PP without dilution is a huge vote of confidence for them as far as I am concerned. Still waiting for the close which should happen this month.
I am still wary of this being in Panama where it seems it is expected that everyone tries to make a little extra on the side. I want to make sure there is enough left over for the shareholders.
I also have not seen a rational explanation of why the share price has stayed so low for so long. Yes, so are a lot of other gold juniors and things have not gone according to schedule but it seems there is a cloud over the share price. Every once in a while, the cloud disperses and the share price rises (and I sell) but then the clouds return and the share price drops back to abnormally low levels.
This should have been a natural buy and hold with all the potential in it but something has made it difficult to do that. I'm here to make money so I have only traded it when the winds are favorable (like they are now and in the coming months, I think).
JFF7
MMT.v
I agree with you, it is worth a lot more but value is not realized all at once. The market has to discover what you and I already feel we know. Besides, the analysts will be able to goose the price more often if they raise their targets slowly. It'll all work out in the end. Patience as always with MMT.
JFF7
ssssssssssssshhhhhhhhhh
I started buying again yesterday. The money is flowing this way. The time is now! The climb up begins.
JFF7
I think it is about knowing the major shareholders as much as having deeper pockets. I think if you shoot for 66% acceptance and there are 5 major shareholders then you are pretty sure you have a good shot of landing 4 out of 5 of those major shareholders.
JFF7
WCP.to Whitecap Resources is another oil and gas junior that has benefited from putting in a divy.
JFF7
I wonder if those European countries have the same clauses in their gold handling agreements that the commodity markets provide for settlement of contracts.....if you insist on delivery they just cut you a check and say look at the fine print of your contract.
JFF7
sounds like they expect the games to continue for a while. Hopefully everyone is smart enough to insist on delivery of the physical gold they are purchasing.
JFF7
POG getting pushed down again. This up and down is far from over. 1645 half hour before open. POG does not run until the system has lost control and then we have bigger problems.
JFF7
oh Bob, your just trying to calm yourself down. You know your excited about ORT now. 6 months till it really takes off...lol. 2.60 to 5 bucks in the next 6 months and then 5 bucks to 10 bucks in the next 6 after that?
JFF7 (and I don't even own any currently)
no problem deleting old history which shows them not meeting their deadlines and goals. I'll remember. Might be hard for newbies but the old info would confuse them as well.
I'm sure PTQ is turning over a new leaf and will simply avoid making projections. That would be best for all. Just show a good track record of improvement and that would speak for itself.
JFF7
good to hear that you already included the interest in the calculation.
Partial and full positions - just recognition that there is a limit to how much any investor will put into an investment whether that is 5% or 100% of their invest-able money. I have some but not as much as I am willing to go to. Buying the dips is most often the way to fill out a partial position into a full position.
Price of POG - it would seem inevitable that it will rise because of the current state of the world's financial systems but since I am on a shorter timeline for generating returns, dips in POG do matter to me. At the level of gold stocks are at, a dip in the POG may not make much difference.
JFF7
There is more differences. I really don't consider myself a trader at heart but an investor. 70% of my portfolio is stuff I have owned for more than a couple of years. But with this company, i am forced to be a trader. I want to own the shares while they increase in value. If I give some back when there are bumps along the road, I am ok with that as long as at the end of the year I can see that I have the size of return I am targeting or at least that the next year looks to make up for it.
This is where there is another important difference. Most investors are looking to build some wealth whereas you are looking to grow your wealth. If you already have wealth, your perspective can be quite different and your strategies can also be quite different.
Who ever said that the first million is the hardest was certainly right. But once it is made, the next is all that much easier. And at some point down the line, patience can be exercised and a lot less work is needed.
I am like most investors right now, I want to make some wealth. PTQ has the potential to do that for me but just having potential is not enough. Are we entering a new phase in the growth of PTQ where potential is realized? I hope so, I would love to hold onto PTQ for years. But I have to see a track record to make that commitment.
JFF7
I think the point was that this company has had potential for years but just hasn't lived up to its expectations. Is that PTQ's fault or just the gold industry? I would submit it's a bit of both. I have made good money on PTQ twice in the last three years but have had to jump in and out nimbly because the share price is so difficult to judge. Just when you think everything is going in the right direction something else happens.
Some folks promote potential as if it is profit in the hand. Unfortunately, that is not how it works. Until they see the profits from selling their PTQ shares much higher, I think they will only see it as potential.
I see the potential of this loan over the midterm (get out of PM deal so more upside potential if PM prices do take off, get Spain going sooner, etc) so I re-entered as a shareholder but no where near a full position. I need to see the actual closing of the loan and see how the markets are going to react to fiscal cliff proceedings and what impact that has on POG.
They are committing to a large loan (relative to their market cap) but they have 18 months grace for payments on principal so they can probably absorb some decrease in POG over that term if that were to happen (there is no way it should but you still need to weigh the risk).
As for those that are counting the additional profits from the elimination of PM deals, don't you also have to account for the interest you need to pay for the loan you used to pay off the PM deals? I don't see anywhere in the NR that says they are not paying interest over that first 18 month period where they are not required to payback any principal. Won't those interest payments bite into that additional profit you are already counting on?
People are still touting PDI spinout as a great thing that is unaffected by Inmet giving their aggregate contract to someone else. I assume that they will still have good margins on the aggregate that they sell but they still need a customer. Who will they be selling to? Someone much further away? Will additional transportation costs cut into the margins? How much? I don't know but I am not going to assume it is as good as it was before. Instead of great margins they might be only very good or good.
JFF7
yes that was my interpretation of Petabulls comments as well. I guess we could have been wrong about it applying to land being sold. That's the nice thing about being a tea leave reader, you can make it say anything you want.
Taking on a loan does not directly add value but gives you the leverage to unlock value in the future by developing your resources. And I certainly don't think people are saying the value to be added by the loan will be limited to an additional 130-140 million of market cap (a 80-90 cent share price after the addition).
No doubt the loan gets things moving again in Spain, hopefully it lives up to it billing.
JFF7
your comment about Petabull makes no sense?
How can taking on this much debt add value? Yes the loan was the right thing to do but I do not understand your Petabull reference. Yes, he has provided some pretty accurate info but this comment
that you attribute to him about the loan is not making any sense to me.
Happy new year everyone !
JFF7
if there is no down turn at this point and markets rally (gold stocks along with them), ti is best to play the gold majors first. they break out first. Doesn't look like PTQ is going anywhere quickly so there should be time to come back to it.
JFF7
I am certainly not ruling out PM s move higher when the rest of the market moves lower. I think there is at least an intial down swing in PMs but agree that it will not last long.
JFF7
I'll never underestimate the ability of the interests of the current financial system to keep kicking the can down the road. They control the paper market which is a lot more liquid and explosive than the physical market. If the price of PMs has to remain low for people to think things are under control then they can keep prices low for a long time yet.
JMO,
JFF7
gotta remember also that this is just a term sheet. the financing has not closed yet. Don't know why it wouldn't but this is a slippery game so you never know.
JFF7