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yes security patents would be the reason no doubt....but I think this is just a rumor started a week before option expiry ...people just gaming the market I suppose....the rumor didn`t have much legs...
JFF7
Chaos, you trading this rumor?
JFF7
Thanks for the feedback Bob.
As I understand it, last year they had a lot of capital costs spent to improve their mines and lower their costs of production. This year they should reap the rewards of those investments.
I hope I am able to get in to EDV at the right time. When that will be is any ones guess.
May EDV and other do well for you.
JFF7
Bob,
what do you think of EDV?
don't own it yet (or any gold stock for that matter).
JFF7
TV.to
in regards to point c) The 2014 net loss of 7 million+ is a combination of a one-time loss as a result of the company’s disposal of its Tingo hydroelectric facility and a deferred income tax expense of $3.3 million.
I expect zinc prices to continue to 1.20 based on declining inventories. The wild card is how much inventory do the Chinese have and when (at what price point) do they start to release it).
I own TV and added today on the pullback. Expect it to could pullback further to 1.15 based on the chart but bid queue support looks pretty solid here so I pulled the trigger.
JFF7
TV.to 1.10 +0.02 (1+1.85%)
Looking good but Chinese data was weak so zinc prices have retreated a little back under a buck. Look good for the rest of the year as zinc supplies shrink and second mine comes on stream.
Trevali Mining : Reports Santander Mine Q1-2015 Production
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 14, 2015) - Trevali Mining Corporation ("Trevali" or the "Company") (TSX:TV)(LMA:TV)(OTCQX:TREVF)(FRANKFURT:4TI) reports preliminary production results for its first quarter ("Q1") ending March 31, 2015 of approximately 12.5 million payable pounds of zinc, 7.4 million payable pounds of lead and 254,800 payable ounces of silver from the Santander Mine in Peru (see Table 1).
Q1-2015 recoveries averaged 90% for zinc, 90% for lead and 80% for silver. Mill throughput for the quarter was 185,365 tonnes. Average Q1 head grades were 4.03% Zn, 2.13% Pb and 1.65 oz/ton Ag with production of 13,430 tonnes of zinc concentrate averaging 50% Zn and 5,925 tonnes of lead-silver concentrate averaging 60% Pb and 41.0 oz/ton Ag for the year.
"We remain very encouraged with our first quarter production at Santander, especially with continued improvements in mill performance where we once again achieved above design through-put and recoveries of all metals, and remain on-track with our 2015 production guidance," stated Dr. Mark Cruise, Trevali's President and CEO. "Site optimization and efficiency initiatives are delivering operational improvements as the Company stands well positioned to benefit from anticipated zinc price strengthening later this year with major global mine closures scheduled to occur and supply constraints forecast."
Table 1: Santander Mine Q1-2015 production statistics
Q1-2015
Tonnes Mined 182,258
Tonnes Milled 185,365
Average Head Grades
Zinc 4.03%
Lead 2.13%
Silver (ounces/ton) 1.65
Average Recoveries (%)
Zinc 90%
Lead 90%
Silver 80%
Concentrate Produced DMT (dry metric tonnes):
Zinc 13,430
Lead 5,925
Concentrate Grades
Zinc 50%
Lead 60%
Ag (ounces/ton) 41.04
Payable Production:
Zinc (pounds) 12,536,783
Lead (pounds) 7,407,887
Silver (ounces) 254,805
2015 Santander Mine Production Guidance
Santander Mine 2015 production guidance estimates remain unchanged at approximately:
48 million to 50 million pounds of payable zinc (in concentrate grading approximately 50 per cent Zn) at an average head grade of 4.2 to 4.4 per cent Zn
23 million to 25 million pounds of payable lead (in concentrate grading approximately 55 to 57 per cent Pb) at an average head grade of 1.8 to 2.1 per cent Pb
850,000 to 950,000 ounces of payable silver at an average head grade of 1.5 to 1.8 ounces per ton Ag
Cash costs for 2015 are estimated at $48 (U.S.) to $51 (U.S.) per tonne milled.
(Please see Cautionary Note on Forward-Looking Statements at the end of this document)
Q1-2015 Financial Results and Conference Call
Trevali will release financial results for its first quarter period ending March 31, 2015 on May 14, 2015 after the close of the trading day in Toronto. The Company will host a conference call and audio webcast at 10:30 a.m. Eastern Time on Friday, May 15, 2015 to review the financial results. Conference call dial-in details and audio webcast link will be provided in the financial results news release.
Caribou Mine Update
The Company's restart of its Caribou Mine and Mill Complex in the Bathurst Mining Camp of Northern New Brunswick continues to advance and remains on-track and schedule for commissioning over the upcoming weeks.
TV .05 (4.72%) $1.11 cdn
latest analysts comments
http://www.theaureport.com/pub/co/2690
JFF7
In a World Filled With Gluts, One Metal Is Suddenly Hard to Find
by Joseph Deaux and Matthew Craze
April 9, 2015
VIDEO: Which Commodity Isn't Experiencing A Glut?
http://www.bloomberg.com/news/videos/2015-04-09/which-commodity-isn-t-experiencing-a-glut-
Tucked away in the remote limestone plateaus of northern Australia, the owners of a massive zinc mine have begun preparing its transition back to cattle-grazing land.
For the miner, China’s MMG Ltd., it’s a problem because replacing the tapped-out mine -- which is responsible for 4 percent of the world’s zinc output -- with a fresh source of the metal has proven elusive. For commodity investors who have grown accustomed to the emergence of supply gluts sparking selloffs in everything from copper to wheat, it’s a boon.
Zinc, unlike those other raw materials, is rebounding, having posted an 8 percent gain over the past three weeks that stemmed an eight-month slide.
That’s largely because the fate of MMG’s mine highlights a growing new trend in the zinc market. From Africa to Ireland, mines that have produced the metal for decades are now tapped out. Morgan Stanley estimates that by 2017 more than 1.2 million metric tons of annual mined supply will be taken out of production. That’s more than the U.S. uses in an entire year.
“It’s all about supply,” Clive Burstow, a London-based investment manager at Baring Asset Management, which oversees $44 billion, said in a telephone interview. “It’s simply that the big mines are coming off stream this year, and there’s no big supply to replace it. So, we’re naturally moving into an increasing deficit market.”
Tighter supplies are prompting banks including BNP Paribas SA and Goldman Sachs Group Inc. to forecast higher prices for the metal that’s used in steel auto parts, brass plumbing fixtures and sunscreen. Demand exceeded output by the most in nine years in 2014 and the deficit will almost double next year, according to data from the International Lead & Zinc Study Group and Bloomberg Intelligence.
Price Gains
The recent rally in zinc left prices up 7.5 percent over the past 12 months on the London Metal Exchange, to $2,174 a ton. That’s the only gain among the six main metals traded on the LME. The Bloomberg Industrial Metals Subindex slumped 15 percent the nine months through March, and fell 9.3 percent in the past year as the Bloomberg Commodity Index of 22 raw materials tumbled 27 percent.
Prices will rise as high as $2,397 by year end, according to the average estimate in a Bloomberg survey of nine traders and analysts. Goldman forecast $2,500 in 12 months, and BNP Paribas predicted an average of $2,850 in 2016.
The world’s refined-zinc supply fell short of demand by 310,000 tons last year, the most since 2005, International Lead & Zinc Study Group data show. The gap could expand to 1.98 million tons by 2017, Bloomberg Intelligence analysts Kenneth Hoffman and Sean Gilmartin said in a report last month.
Fewer Deposits
The supply lag comes after a decade-long boom for metals demand in China, the world’s top consumer, spurred miners to dig ore out of the ground as quickly as possible. At the same time, rising costs and a lack of untapped big deposits meant that producers had a hard time bringing on replacement supplies as consumption increased.
MMG, the Hong Kong-listed unit of China’s biggest state-owned metals trader, plans to close the Century mine in Australia by midyear and has failed to identify a replacement.
“We can’t find any more zinc of significance, which tells us even more that it’s going to be tight,” Andrew Michelmore, MMG’s chief executive officer, said in a March 10 interview on Bloomberg Television. “We’re very bullish on zinc.”
It’s so hard to find new mines that producers are being driven to increasingly remote locations. Ironbark Zinc Ltd., an Australian explorer backed by Glencore Plc and Nyrstar NV, is exploring a deposit near an inlet on northern Greenland, a coastal area of icebergs and polar bears, that may contain 13 billion pounds (5.9 million tons) of lead and zinc.
China Demand
Even as mines shut, slowing growth in China threatens demand and a stronger dollar curbs the appeal of commodities as alternative investments, said Bart Melek, the head of commodity strategy at TD Securities Inc.
More than half of global supplies are used to galvanize steel, Morgan Stanley estimates. China accounted for 51 percent of the world’s crude-steel production in February, according to the latest data from the World Steel Association. China steel producers estimate their output will contract this year after consumption peaked and more mills are shut.
“We have some concerns about demand, and we’ve seen a lot less restocking than we’d normally get this time of year,” Melek said by telephone from Toronto. “There’s concern that China’s steel output will be lower because of a glut of steel, and that means you’re going to use less galvanized product, which means less zinc.”
Exploration Budgets
China’s economy is still growing. The country will use about 6.9 million tons in 2015, Morgan Stanley analysts Tom Price and Joel Crane said in March 24 report. That’s the most since at least 2007.
Even with the rally in prices over the past year, zinc is more than 50 percent below its record in 2006, which has discouraged spending on new mines.
“Current prices don’t allow us to develop the projects that we have,” said David Gleit, head of investor relations for Lima-based Volcan Cia. Minera SAA, the biggest Latin American producer.
Stockpiles monitored by the LME tumbled 26 percent in the first quarter, the biggest loss since 2007. In addition to the Century closing, Vedanta Resources Plc plans to shut its Lisheen mine in Ireland, cutting supply by 175,000 tons, Bloomberg Intelligence estimates.
“The amount of new mines coming on stream to replace these mines ending their life -- the number and amount produced -- is relatively limited,” Stephen Briggs, a senior strategist at BNP Paribas, said in a telephone interview.
http://www.bloomberg.com/news/articles/2015-04-08/in-a-world-filled-with-gluts-one-metal-is-suddenly-hard-to-find
copied from Basserdan's post on Junior Mining board. Thanks for sharing.
TV +.03 2.83% $C 1.09
people have been waiting for this one to start moving for a long time. Highly leveraged to the price of zinc. Second mine coming on stream this quarter (under budget and fully funded) just as Zinc inventories hit new multiyear lows and two large zinc mines to be closed by year end. Zinc prices starting to creep up. (90 cents to 98 cents in the last month).
There was a big cross a couple of days ago of 10 million shares. Now the daily volume is moving up (50% higher today).
Time to get on board. I started a position at 1.09 today.
JFF7
You want to expand a bit on your reasons why / how?
JFF7
so your not committed to a deeper drop? do you use technical indicators to trade BBRY?
JFF7
yeah shorts control this one again so I am out at the end of Friday again.
JFF7
Revenues down right ugly but making a profit now. Exceeded profit consensus by 8 cents. Thats pretty good. I did not listen to the call yet but read some reviews and saw a Chen interview from today. I bought a few shares for a trade. I think it moves up a bit on Monday. They are selling hardware at a profit even though sales were down. Software sales are showing signs of life with a very healthy qtr over qtr growth rate.
I think we may get a delayed buy on this.
Long term I have no idea how long Chen can keep it going before he sells.
Agree that this is a great trading stock. Have to have a sizeable position though to make quick trades. 5-10,000 shares at a time is nice.
JFF7
Could you send me the name of the company. I would like to short it.
LOL ......a little gallows humor.
JFF7
I agree that the O/S is good but without access to Google Services there is no way it will ever have the following and buyers needed to support being in the hardware business.
They have stated that they need to sell 10 million phones to stay in the hardware business. They are falling well below that now (on a go forward basis it is only getting worse). I expect Chen to live up to his word and to leave the hardware business.
JMO,
JFF7
its not just the anlysts...its the lack of success on the hardware sales that is hurting them. Don't shoot the messenger. As one guy said, their product brand is broken. Reinventing themselves as a software company is definitely the way to go.
JFF7
the last gasp on the hardware side. Pretty much a given now that BBRY has to leave the hardware business.
JFF7
Hank,
that is actually the best guess I saw with what is happening. Midwestern will in turn get bought out by Nigeria's richest billionaire (the concrete king). Clues are the Delta state selling their share in Midwestern (not yet announced who the lucky purchaser might be) and that the concrete king is building a refining plant in the same area that Mart operates in.
Just part of doing business in Nigeria.
JFF7
delisting on the TSX does not stop them from listing on another exchange (the Venture?). They have bigger problems than just being delisted.
JFF7
There is lots of downside if BB10 unit sales stagnate, service revenue continues it's decline and software revenue fail to pick up in a big way.
Too soon to tell.
JFF7
Today's politician in charge is tomorrow's criminal in all corrupt places. It's the way things work when power changes hands.
When they come for Fifer, he will suddenly be in Spain for extended trip. count on it.
JFF7
CRK,to
from what i remember having owned them in the past, their mines are in northern Australia and I remember Bill Bonner remarking he did not like their geology which meant their costs were always going to be high.
At least that is what I remember.
JFF7
what do you guys think of the new 25 million trust fund? smart move?
JFF7
not at the same level you guys but then the rewards have more meaning to be as well so it is all good.
JFF7
what a chicken...cluck cluck...out already for 25 cents.
Geesh.
JFF7
I avoided holding overnight but went long this morning for a rebound ..we'll see how important profits (unknown positive) are to the market vs sales (known negative)
JFF7
LOL so are you saying your happy this news cane out so the price can move higher before you add to a short position before earnings or are you saying your taking a long position?
JFF7
MMT.to
Mart Resources, Inc.: Oil Flow Commences Through Umugini Pipeline Oil flow has commenced through the 51-kilometer Umugini pipeline and into the Trans Forcados crude oil export pipeline system that connects to the Forcados oil export terminal
Wed Dec 03 10:49:59 2014 EDT
CALGARY, ALBERTA, Dec 3, 2014 (Marketwired via COMTEX News Network) --
Mart Resources, Inc. (TSX:MMT) ("Mart" or the "Company") and its co-venturers,
Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust
Oil Company Limited are pleased to provide the following update on Umugini pipeline
operations. Oil flow has commenced through the 51-kilometer long Umugini pipeline and
into the Trans Forcados crude oil export pipeline system that connects to the Forcados
oil export terminal. The commencement of continuous oil injections from the 12-inch
Umugini pipeline to the Trans Forcados export pipeline followed the completion of
pipeline tie-in at the Eriemu flow station and other start-up activities including
line fill. Mart holds an effective 15% interest in Umugini Asset Company Limited,
which is the owner of the Umugini pipeline. All agreements that are required to allow the shipment of crude oil to Forcados
oil export terminal have been completed and signed by all necessary parties. Mart
and its co-venturers plan to gradually increase the volume of oil delivery through
the Umugini pipeline in order to regulate Umugini pipeline start-up operations and
optimize production from the Umusadege field. The Umugini pipeline has an initial
estimated gross export capacity of 45,000 barrels of oil per day. The Umusadege
field has been allocated approximately 75% of Umugini pipeline capacity. The nomination,
loading and sale of oil from the Umusadege field are expected to commence in the
next 30 days. The Umugini pipeline opens up a second export route for Umusadege field oil
production and is expected to enable Mart and its co-venturers to significantly
increase the Umusadege field's present production and to accommodate future production
increases including from the recently drilled horizontal wells. The commencement
of continuous oil injections through the Umugini pipeline also enables Mart and
its co-venturers to balance the delivery of crude oil between the Forcados oil export
terminal and the Agip Kwale export hub. The utilization of multiple delivery and
export routes is expected to result in an improvement in export flexibility and
a reduction in pipeline disruptions. Full transport capability of the Umugini pipeline
is expected to be reached in the first quarter of 2015. Wade Cherwayko, Chairman & CEO of Mart, commented: "The commencement
of oil flowing through the Umugini pipeline is a significant milestone for Mart
and its co-venturers, Midwestern and SunTrust. The Umugini pipeline will provide
additional export capacity and will enable Mart and its co-venturers to more fully
optimize the current production potential of the Umusadege field. We are very pleased
that the Umugini pipeline is now up and running, and look forward to having the
capacity to increase production from the Umusadege field to significantly higher
volumes in the near future." Additional information regarding Mart is available on the Company's website
at www.martresources.com and under the Company's profile on SEDAR at www.sedar.com. Except where expressly stated otherwise, all production figures set out in
this press release, including bopd, reflect gross Umusadege field production rather
than production attributable to Mart. Mart's share of total gross production before
taxes and royalties from the Umusadege field fluctuates between 82.5% (before capital
cost recovery) and 50% (after capital cost recovery). Forward Looking Statements and Risks Certain statements contained in this press release constitute "forward-looking
statements" as such term is used in applicable Canadian and US securities laws.
Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future events
or are not statements of historical fact and should be viewed as "forward-looking
statements". These statements relate to analyses and other information that are
based upon forecasts of future results, estimates of amounts not yet determinable
and assumptions of management. Such forward looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking
statements. In particular, there is no assurance regarding the gross transportation capacity
of the Umugini pipeline or when optimized production through the Umugini pipeline
will be achieved. There is no assurance that the transportation of oil through the
Umugini pipeline will result in increases in future production from the Umusadege
field. Any new export pipeline will face risks generally associated with pipeline
operations in Nigeria including the risk of pipeline disruption and line losses. There can be no assurance that such forward-looking statements will prove
to be accurate as actual results and future events could vary or differ materially
from those anticipated in such statements. Accordingly, readers should no place
undue reliance on forward-looking statements contained in this news release. The
forward-looking statements contained herein are expressly qualified by this cautionary
statement. Forward-looking statements are made based on management's beliefs, estimates
and opinions on the date the statements are made and the Company undertakes no obligation
to update forward-looking statements and if these beliefs, estimates and opinions
or other circumstances should change, except as required by applicable law. NEITHER THE TSX NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED
IN THE POLICIES OF THE TSX) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
OF THE RELEASE. FOR FURTHER INFORMATION PLEASE CONTACT:
Mart Resources, Inc. - London, England
Wade Cherwayko
+44 207 351 7937
Wade@martresources.com Mart Resources, Inc. - London, England
Dmitri Tsvetkov
+44 207 351 7937
dmitri.tsvetkov@martresources.com Mart Resources, Inc. - Canada Sam Grier 403-270-1841 sam.grier@martresources.com
www.martresources.com
SOURCE: Mart Resources, Inc.
© 2014 Marketwire L.P. All rights reserved.
SID(CCN337u8157)
either good news or bad news.
UMU 13 drilling and logging should be done now. Either they confirm alot more oil or its a disappointment.
Umigini is due to be turned on. maybe they finally got the last signature.
Halts are rare so it must be significant.
JFF7
MMMT.to
Mart Resources halted.
JFF7
it's the price of oil plunge that starts it. Then you add in that they have a lot of debt which puts them at perceived risk because of the lower profits from low oil, some delays on projects and then throw on tax loss selling and you have a perfect storm for these types of valuations.
Incredible deals out there if you assume dip in oil prices will not last.
JFF7
I'd watch the price of oil before I watch the individual stock prices. That's the driver. Unless you can identify the babys from the bath water and buy those before oil bottoms (whenever that is).
JFF7
strange trading last few hours in Canada. Seems to be someone accumuulating or selling (not sure which). Almost a straight line at 11.75.
JFF7
I see the short analysts are at it again. Talking their book again.
BB does have it work cut out for it though. Pickup of BES12 looks good but it will take time to build. Sales of BB10 hardware will smooth some of the lost BB7 related service revenues briefly but they need those software revenues to kick in longer term. I am not expecting much from BBM (target 100 million I think which will be really hard to meet). Cost savings from reduced IP licensing will help a good deal as well. Thinking they make break even in the near term but have challenges after that unless the BES12 revs really quick it up. Hardware sales / profits will be flat at best.
JFF7
I sorta thought that Lenovo takeover rumor was started by shorts to set up the maximum short. There is definitely a lot of short money available for BBRY.
JFF7
another successful flip on the long side for 25 cents...this thing is trending up...if I didn't have errands to run I probably would have held it for the rest of the day....
JFF7
quick trade for 24 cents on the long side today. Short term chart sure does look like it want to run up. BES12 release in November going to do anything for it?
JFF7
the companies subsidiaries operate in Panama, Spain etc under local laws...it's all the shadow companies that allow them to do their stuff.
JFF7
welcome to the rules of a Banana Republic
probably a lot of truth there but probably inflated quite a bit. Definitely a stinky pile.
JFF7