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'Bad Actor' law applicable to Baker, Hecla
"Phil Baker has been a “Bad Actor” in Colorado, Idaho, Utah and Montana. His leading role has polluted the West. Montana is correct to instruct Phil Baker “Bad Actor” to saddle his horse and ride into the sunset without our gold in his pocket."
https://mtstandard.com/opinion/columnists/guest-view-bad-actor-law-applicable-to-baker-hecla/article_4fdaa131-d5c5-5bc9-bcbd-fb159edf51e3.html
First mining Gold September presentation:
https://firstmininggold.com/_resources/presentations/corporate-presentation.pdf
"Springpole alone accounts for > 4x the current valuation of FF"
"Current total value of assets > 6x the current valuation of FF"
I searched your post twice looking for "First Mining"... nothing found. Conclusion: it was a spam. And FutureMoneyTrends is a pump site even when they promote FFMGF.
Hecla Mining Is Set To Improve With The Recent Acquisitions.
https://seekingalpha.com/article/4200189-hecla-mining-set-improve-recent-acquisitions
Hecla Mining Is Set To Improve With The Recent Acquisitions.
https://seekingalpha.com/article/4200189-hecla-mining-set-improve-recent-acquisitions
I've sold a bunch of HL 3-puts that expired today. Was thinking really hard: to cover them or take delivery of additional HL shares. Decided that "this time is different" , will be assigned shares and hope silver price will cooperate.
Citadel Securities with huge half million shares offer at .27
Articles like this usually a sign of capitulation/bottom. Just like "peak gold" articles usually mark tops.
Etrade shows 3 new ratings issued today:
First Majestic Silver Corp Is Maintained at Sector Perform by National Bank
First Majestic Silver Corp. Is Maintained at Buy by TD Securities
First Majestic Silver Corp Is Maintained at Market Perform by BMO Capital Markets
Platinum Miners Are Long Platinum, Should You Be As Well?
Summary
- Platinum miners are long platinum for the first time, perhaps ever.
- Commercial positioning combined with layoffs/production shutdowns suggests that it may be cheaper for miners to purchase platinum futures than to mine the metal.
- When producers no longer sell, someone has to pick up the slack.
https://seekingalpha.com/article/4198588-platinum-miners-long-platinum-well
You need to open company's quarterly reports to get this information. For example, according to the latest report:
Common shares: 557,942,916 (December 31, 2017 – 552,547,616).
Trump is 72 too. And he is the President of the company even bigger than Element Global.
I guess all of you know (I've just accidentally discovered) that Merle Ferguson is 71! He is also the Chairman, CEO Treasurer, & President of another publicly traded company: BioForce Nanosciences Holdings Inc (BFNH) (since 2013). BFNH has the same address as ELGL, and, unlike ELGL, he is pretty active there. BFNH just became fully reporting this month
https://www.bloomberg.com/press-releases/2018-08-02/bioforce-nanosciences-holdings-inc-bfnh-becomes-fully-reporting-per-us-sec-1934-act-rules
Interesting that BFNH is the only company mentioned in Mr. Ferguson Bloomberg profile, no signs of ELGL at all:
https://www.bloomberg.com/research/stocks/people/person.asp?personId=415066597&privcapId=2007896
JFYI.
Hecla Reports Second Quarter 2018 Results
Hecla Mining (NYSE:HL): Q2 EPS of $0.01 beats by $0.01.
Revenue of $147.26M (+9.7% Y/Y) beats by $0.61M.
https://seekingalpha.com/pr/17240778-hecla-reports-second-quarter-2018-results
Hecla Reports Second Quarter 2018 Results
Hecla Mining (NYSE:HL): Q2 EPS of $0.01 beats by $0.01.
Revenue of $147.26M (+9.7% Y/Y) beats by $0.61M.
https://seekingalpha.com/pr/17240778-hecla-reports-second-quarter-2018-results
Excellent results especially in this "silver crash" environment.
China's Yuan Policy Could Prove Pivotal For Gold
https://seekingalpha.com/article/4195402-chinas-yuan-policy-prove-pivotal-gold
In June the same author said that after long consolidation period it's time for silver to move to 21-25 and go significantly higher then (8:10).
Following your logic price of silver will be 11-13 in 2020, 9-11 in 2021, and will drop below zero in 2026. Finally, sellers will start paying us cash just to take silver from them.
These two articles discuss this topic exactly:
https://seekingalpha.com/article/4194312-yuan-gold-peg-commitment-traders-report-craig-hemke-01-08-2018
https://seekingalpha.com/article/4194316-usd-cny-mirror-image-gold-david-brady-02-08-2018
China is trying to keep CNY-XAU parity and devalue CNY to USD at the same time. The result: price of gold is going down in USD terms.
Actually, there is another way for China to devalue Yuan and make US dollar even stronger - to crash the gold price by selling tons of yellow metal. I don't think this will happen, but they could be forced. IMO, growing gold reserves in China & Russia is insurance they are buying for situations like this: tariffs, sanctions, etc. Particularly, Russia (USSR) has a history of flooding international markets with gold when their economy breaks.
I think this is a move in right direction. First Mining shows that it's still a "mineral bank" and the company is able to produce revenues even before production started on its main properties.
First Mining Signs Option Agreement for Its Las Margaritas Gold Property in Durango, Mexico
https://www.marketwatch.com/press-release/first-mining-signs-option-agreement-for-its-las-margaritas-gold-property-in-durango-mexico-2018-08-02
VIDEO — Jeff Swinoga: Gold Supply Deficit on the Horizon
https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/video-jeff-swinoga-gold-supply-deficit-on-the-horizon/
5 Reasons To Avoid Silver (Playing Devil's Advocate)
https://seekingalpha.com/article/4191355-5-reasons-avoid-silver-playidevilsng--advocate
Well, here is my mining portfolio at the moment (most of positions bought back during current price crash):
FFMGF - the only stock I hold "forever" and trade actively;
AG - another "win-win" pick from Keith Neumeyer;
HL - looks like now is a good time to start building position again;
SAND - junior royalties/streaming company (a-la young Wheaton or Franco-Nevada). Future 5-bagger and cash machine.
SLVO - exotic "safe" replacement to your USLV. Monthly distributions and silver tracking. Low trading volume is a problem.
My main problem is lack of patience. Usually sell too early with hope to buy back cheaper.
Are we "investment board" again?
"About 250 members of USW Local 5114 have been on strike at Lucky Friday since March 13, 2017, after working under the terms of an expired agreement for nearly eleven months while negotiations proceeded – until Hecla management's unfair labor practices forced the labor dispute."
https://ih.advfn.com/p.php?pid=nmona&article=77889145
I have a question for board members who follow HL more closely than I do. Does Hecla pay any "compensation" to striking workers? 14 months of strike... sounds long enough. How do these people feed their families? How long can they keep doing this if Hecla ignores their demands?
First Majestic Silver Corp. (AG) CEO Keith Neumeyer on Q2 2018 Results - Earnings Call Transcript
https://seekingalpha.com/article/4187835-first-majestic-silver-corp-ag-ceo-keith-neumeyer-q2-2018-results-earnings-call-transcript
Sandstorm Gold buys back 1.4 million shares
"Sandstorm Gold Ltd. is providing an update related to share repurchases under the company's normal course issuer bid (NCIB), recent developments from the company's royalty portfolio as well as the acquisition of eight royalties on exploration-stage properties.
Normal course issuer bid update
Since the renewal of the NCIB on April 5, 2018, Sandstorm has acted on its stated intention to repurchase shares of the company. Approximately 1.4 million shares have been repurchased since April. Sandstorm may purchase up to a maximum of 9.2 million shares under the current NCIB program."
https://www.stockwatch.com/News/Item.aspx?bid=Z-C:SSL-2634164
Mr. Swinoga bought another 25,000 shares lot yesterday:
https://www.canadianinsider.com/node/7?menu_tickersearch=ff
Nice DD. I have never changed my iHub alias. Let's wait for company's PR (if any). I have nothing to add right now.
I've never been "negative in general". I was talking about their PRs about multi-billion Russian assets. Those "assets" and "estimates" were fake, and I proved this (just read my posts and follow the links). I guess they will change their story again. Will it be bitcoins or marijuana? Or maybe another "hot" topic? We will see.
Yes, and due to these "fireworks" the company was and probably still is under investigation by "the FBI, FINRA, USSEC and other Governmental authorities"
http://www.marketwired.com/press-release/element-globals-message-from-its-president-otc-pink-elgl-2223580.htm
I don't think they will keep printing "press releases" like they used to do. Impatiently waiting for the new PR... if they dare to issue one.
First Gold Mining Corp. exploring for gold mine west of Burgeo at Hope Brook
http://www.thewesternstar.com/business/first-gold-mining-corp-exploring-for-gold-mine-west-of-burgeo-at-hope-brook-220638/
Anybody cares to explain why there is no insiders buying at these "bargain" levels?
And $100 bill costs 12.5 cents to produce https://www.marketwatch.com/story/new-100-bill-costs-60-more-to-produce-2013-10-08
So, what?
Don't tell me you don't believe in flat earth theory either.
Not sure about triple zeros, but eventually this stock will be delisted. Just like AURC, NWOL, and dozen of other scams played by the same crew. It's possible that SEC is investigating it right now... who knows?
CEO Jeff Swinoga added 25,000 shares this week;
We can easily improve this statistics. I am going to do 1000 searches today. Or someone can create a robot-application to "mine" Google searches.