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sagan,
at what level of production do we go cash flow positive and, consequently, end the dilution destroying the share price?
I have no clue, but would be delighted.
slob,
"good work" means nothing. Positive cash flow would mean something. It's even gotten late for positive cash flow to regain lost shareholder value.
The disingenuous happy talk that entices the naive to add shares is immoral, IMO.
gold number is 1747.42.
typo on last post
Below,
You see today why 1474.42 is the number. Check the spot high for the session. Kitco says 1474.40.
It's dancing south of the line.
35.29 is the silver number.
This silver number, IMO, is very important, because the next 2, 37.59 and 38.06, are slightly weaker numbers. The next number as strong as 35.29 is 40.84. The significance of 40.84 is that in order to get to 40.84, silver has to break out of it's downtrend channel.
The point is, there is a precise number that will decide wether gold fails here or runs to the next line of resistance. Gold will bounce over and under that line repeatedly, until it decides. But there is a line like a knife cut.
Think of it as the fulcrum of the scale with a weight shifting continuously until it weighted average favors one side or another.
Or don't think of it at all since sgcp shareholders have little involvement presently.
I hope that changes....but also, I hope this is your small wildcard play for entertainment and not the focus of your gold investment. That's how I've looked at it. It's the only penny or sub penny play I have. It just looks more and more like it will eventually evaporate.
'Surely you mean $1750 lol '
No. The exact number is 1747.42.
I rounded it off to 1747 for the general public.
Most of the TV and internet fumble fingers who can't do simple mathematical equations will show you 1750.
'PPS will catch up when the company starts putting out PR's'
What if the PR's contain bad news?
The PPS will rise when there is a operating profit.
The SGCP SP is as malleable as an ounce of gold. It can be hammer to a thickness of an atom.
Do either of these allow you to see the annotations?
I do think gold has a tough time with 1747.
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=0&mn=4&dy=0&i=p77623165544&a=239043479&r=8264
'I have a hard time believing that there are many fools out there who would be willing to buy gold at these prices'
This is my last post, because I'm an outlaw, but the last I heard, several years ago, there were 61 paper oz of gold for every physical oz in the wold. These paper ozs were generated by American bank/brokerages to short sell and control gold price. Everytime they've driven the price down with paper, the Chinese, Indians and to a lesser extent, Europeans have swallowed up physical ounces as fast as they can. The physical isn't being freely traded as a commodity, it's being hoarded for future generations.
Of course we have price corrections periodically, but they're artificial, which is why during these price corrections, it doesn't get easier to buy physical PMs.
So go ahead and sell physical if you have some. You'll make some else very happy.
JIMHO
Again, I'm limited to 3 posts a day, which is why I rarely post on i*hub. Too military dictatorship like.
'Gold today is as risky as tech stock in 1999 and Miami condos in 2005'
The supply of Miami condos would be unlimited if the demand was there. They can be built to infinity. The supply of Gold is finite. It's getting harder to find. The silver supply has been getting thinner and thiner for several years. Even an alchemist can't produce either one as they can with gemstones.
Gold isn't an investment, it's currency and so is silver, even with silver's dual role as industrial commodity.
Gold and silver will peak and fall at some point. IMHO, this ain't it.
elcheepo,
the inflation adjusted price of silver at the Hunt Brothers high is about $139.00 oz.
Gold hasn't entered parabolic phase 3 yet. The retail public, at least in the U.S.A. hasn't begun to buy, yet. Gold stocks have been artificially suppressed at $600 to $900 oz levels.
What you are talking about is temporary sentiment, the perfect contrarian indicator.
JPM has massively covered their short positions in both silver and gold in recent weeks, public info.
Now why would they do that with gold in a bubble? Because Elcheepo's sentiment is telling them to do so?
elcheepo,
I already have money on it.
But, I would be interested in hearing what you support your opinion on.
Better yet, why don't you post a chart showing the technical reasons why you think gold will collapse.
elcheepo. there is no gold bubble.
Gold just corrected to the 144sma. Back on the highway in cruise control now.
I just wish SGCP wasn't broken down on the side of the road, with no gas in the tank, begging shareholders driving by for a few bucks to buy a quart or two of fuel.
Not bashing, no matter what anyone says. I'm not selling the shares I have, but certainly not buying more lower. Will hold for the lotto draw possibility that Doug finds a river bedrock pothole with 'the big one'.
yes and .004
I think you should reserve all caps BREAKOUT for at least .0016.
We're still in the 'so low, down looks like up' category.
Look at a chart. Don't make me post it and depress everyone here.
Was a joke, I don't use bollinger bands. lol
http://wolfgangrene.blogspot.com/
those bollinger bands are tight!!!!!
Do you think an additional 15 oz can shake up the sediment a bit on our chart?
http://stockcharts.com/h-sc/ui?s=SGCP&p=W&yr=5&mn=11&dy=0&id=p72989982703&a=188826382
I can't wait until we hit .0009 again. All the whoopin and hollaring about being up 50% will be very exciting.
http://stockcharts.com/h-sc/ui?s=SGCP&p=W&yr=5&mn=11&dy=0&id=p72989982703&a=188826382
At the risk of being off topic, a real gold correction would bring gold back to the 1550 area. I say area because the moving average to which it will correct, moves. (It's called a moving average afterall.)
Significantly, gold has a rare gap to fill at 1673. I can't imagine that gap not filling.
SGCP has an awful lot of territory to cover before it ever is tied in anyway to the price of gold.
cork, you always report the easy number everyone's already aware of. Why not post the daily outstanding share count instead.
'Spot gold over $1880.'
I hope you own some, or some gold mining stocks
'Sub-penny stocks are lotteries'
Yes. You can't win unless you buy a ticket, but buying more than one is money thrown away.
As I recall the odds of winning the Powerball Lotto is 1 in 180,000,000. SGCP shareholders are approaching similar odds, unfortunately.
sagan,
I once thought you the voice of reason here.
It's not that SGCP might some day succeed, it's that by the time they do, there will be so many shares outstanding that my pathetic little 500,000 shares won't buy a small coffee at Dunkin Donuts ( a little milk, no sugar, please), let alone a blueberry muffin to go with it.
On the way to RGI, the boat ran into hit a storm and wound up here.
http://www.imdb.com/title/tt0075462/
Island of the Damned Dilution.
This has gone from a long shot to.....I can't imagine where the target is anymore.
We need a new hook and there isn't much time left to find one, IMO.
Is it windy in Sierra Leone?
Yes, the Gold Express is leaving the platform. Since we don't have a ticket, will the conductor make change? Or will they kick us off at the next stop?
Maybe we can bum a ride in the corn hopper on the freight coming through.
He said that..... then he shot himself.
Dollar/gold struggle today.
Dollar broke out of it's downtrend channel.
Gold held the upside of it's trendline.
I think the dollar breakout is false and gold runs to 1628 very soon.
I also hope D. Evans shows us something of value before 1628, because gold is likely to correct hard at that pivot point.
I don't feel like holding SGCP for another year and another bil shares of dilution, or 2.
http://stockcharts.com/c-sc/sc?s=$GOLD&p=W&yr=3&mn=11&dy=0&i=p16382463795&a=190043685&r=5468
http://stockcharts.com/c-sc/sc?s=$USD&p=D&yr=0&mn=7&dy=0&i=p41373099665&a=115911235&r=496
speculator,
My opinion is (and it is just opinion) that gold holds 1470 and goes to 1628 before correcting back to the 34 ma on the weekly chart.
I updated the silver chart on the b.l.o.g to show an original 30.60 inverse H&S target from almost 3 years ago. I think we could do a quick spike down to 30.60, but also feel 34.48 is the true pivot point in the present correction. We may revolve around 34.48 for some time and then we continue toward new highs. Bear in mind that an inflation adjusted Hunt Bros high is in the $139.00 an oz area.
I think we are back under fair value in silver right now.
A trading bottom in gold is actually where ever the 34 ma on the weekly, which if it occurred now would also be a 62% retrace from the top.
I doubt very much that happens at this time.
My perspective is, holding on top of Gold's upper trendline, we are going to 1628 without a correction.
Silver's huge line in the sand is 34.48, something nobody else in the world seems to see. It's there.
Look quickly if you want to understand since I fully expect the bozo's controlling this board to delete this post thinking it's some kind of self promotion.
http://stockcharts.com/c-sc/sc?s=$GOLD&p=W&yr=3&mn=11&dy=0&i=p16382463795&a=190043685&r=9937
http://stockcharts.com/c-sc/sc?s=$SILVER&p=D&yr=0&mn=8&dy=0&i=p17260754939&a=217681997&r=3734
"It's too early to know for sure"
Know what?
The price of gold means little. SGCP breaking through and holding .0032 means a lot.
'I can’t understand why this stocks price is stuck in neutral.'
Why don't you understand?
It's quite simple. If SGCP starts making enough revenue to convince the investment world that they can operate without further dilution, the share price may rise. Investors and traders alike hate dilution.
Also, once an explorer becomes a producer, they are punished if production isn't enough to cover costs. I can give you any number of examples to illustrate that principle in the larger PM mining sector, but that just gets the post deleted. The drawback of an ihub MB.
'( real energy. Not this green, progressive crap Obama is pushing )'
You truly are a benzdealer. Do you do your hair like the Donald?
Gold's short term precise target is 1553.10.
But I'm not sure why alerting the SGCP board 3 or 4 times a day makes any difference.
SGCP needs to produce enough to pay the bills before it means anything. Otherwise, it's like talking about another stock. A big no no in this heavily censored environment.
good points cork:
* It should be durable (which is why, say, wheat isn’t a good money – it rots).
* It should be divisible (which is why artwork isn’t a good money – you can’t cut up the Mona Lisa for change).
* It should be convenient (which is why lead isn’t a good money – it just takes too much to be of value).
* It should be consistent (which is one reason why land can’t be money – each piece is different).
* And it should have value in itself (which is why paper money leads to trouble).
But lets see what we have.
* We have corn and rice.....well corn may rot a little slower than wheat. You can also burn it if you get cold, SL, maybe not an issue.
* Artwork? We have all those nice pictures on the website. Yes.
* No lead .....I wouldn't mind having some lead. It would at least be something. Although, you can't eat it like you can, gold. Gold on confections.....yummy.
* Ah!! Land. Well, we seem to have some land under contract. But you say that's not good. Undefined value I'd think.
* Paper!!! Weeeeeeeeeeeee. We have a boatload of that!!!! Seems everytime we spin around we have more and more. Ooops, I forgot, you said paper leads to trouble.
Gold???? Do we have some???
The wheel is still spinning, but slowing down.
My shares are still there, although I'm no longer sure why......It's that paper trouble thingy that is a bothersome thingy.
I haven't read this board in a while. There seems to be a decided less optimistic tone afoot.