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It's hard to bet against the deflation thesis. If he called PM's down, specifically gold, then he was of course obviously wrong. Sounds like he knows some of what's going on and the dynamics that may and/or should play out, but not all.
I also expect deflation, down markets and base metals to go down and/or be under heavy pressure until the govt finally comes clean on all the toxic balance sheets, which could be years.
LMA.to down to .81, might pick some up in the 70s, the 50 dma is .71.
Heller completely swings and misses on the bonds. At the end of the article he talks about the $134 B in bonds that were found in Italy by 2 men, etc.
He makes it sound as if the fact that these bonds could have looked so real may have been a warning that they could be easily created and mistaken for real bonds. That's fine and dandy.
1 part is missing.... who's gonna buy bonds worth the GDP of the US's 5th largest creditor without Authentication, which is rather easy to do?!
Bonds are not as simple as money, yet he intimates they could be exchanged as fungible fiat, which is not true.
70% of the worlds debt is denominated in US Dollars, You can't fail to remember this data point, it is extremely key.
I have agt stinks in at .37
Emerging Gold Producer rankings OGC #1. Some other well mentioned in this as well
http://www.goldstockstrategist.com/2009/06/emerging-gold-producers-ranked-market.html
DMM is oversold on the rsi, I may make a quick trade on this tomorrow, thanks for the confirmation, I've been watching for a couple of days now.
Thanks kipp, some useful stuff there, although anything by Art Laffer is, well, generally laughable.
CDE has moved in rhythm with the market indexes for almost a year now, if you pull a chart of say CDE and $indu. I don't like that one bit. I have a hard time believing it can rise if the market tanks yet again.
bmc - brilliant mining down 35% today, is this based on yesterdays news? Anyone buying?
Abcourt (ABI.V) up 4 cents, ask is much higher today.
Acadian (ADA.to) is up 200% today, anyone following?
James444 on BQI and buying... I had a stink bid in at .67 that didn't fill. Still holding what I have and underwater.
Anyone following Pinn (Pinnacle)? Tripled since Mid-March
Every Dog, as in TRGD today
TRGD up 28% to .16, highest pps since Aug 2008...
BQI (Oilsands Quest) News April 29, 2009 - 12:00 PM EDT
CALGARY, April 29 /CNW/ - Oilsands Quest Inc. (NYSE Amex: BQI) (the "Company") announced today that it has commenced a marketed public offering on a best efforts basis (the "Offering") of up to 25 million units ("Units") in the United States under an effective shelf registration statement on file with the Securities and Exchange Commission ("SEC") and in all provinces of Canada, except Quebec, by way of a shelf prospectus filed pursuant to the Multi-jurisdictional Disclosure System.
Each Unit will be comprised of one common share ("Share") and one-half of a common share purchase warrant of the Company ("Warrant") with each whole Warrant entitling the purchaser to purchase one Share of the Company for a period of 24 months following closing of the Offering.
The Offering will be made by a syndicate of agents (the "Agents") led by Genuity Capital Markets USA Corp. and TD Securities (USA) LLC in the United States and Genuity Capital Markets and TD Securities Inc. in Canada. The Company has agreed to grant the Agents an over-allotment option to purchase up to an additional 15% of the Units sold pursuant to the Offering, either separately or as Units. The Agents may exercise the over-allotment option, in whole or in part, at any time up to 30 days from the closing of the Offering. The Offering is subject to certain conditions, including stock exchange approval.
The Offering will be priced in the context of the market with final terms of the Offering to be determined at the time of pricing. The Company anticipates that the pricing of the Offering will be announced after the close of markets today.
The Company will use the funds to continue its testing activities at Test Sites 1 and 3, continue its exploration activities on its existing permits and licenses and for general corporate purposes. Specific allocations of the proceeds for such purposes have not been made at this time.
The Offering is expected to close on or about May 12, 2009.
Up 55% Bob, might take some profits :-O
PZG, via kzetmeir at SI...
"I spoke to IR at PZG a couple days ago and asked what I should be looking for the near future.
The answer was:
1. More drilling ... starting to drill the Temoris property recently acquired from GGI
2. Higher SP as new investors were intent on driving the price up to $4-5.
I sloughed off #2 as unlikely in the near future.
But judging from this morning's action on PZG ... I'm not so sure.
The purpose of this post ... is to remind everyone both TRGD and GGI are holding 6-7 million share of PZG ... and those stocks haven't moved much even with a 58% change in PZG.
I understand the PZG value to GGI at yesterday's price was $.14 per GGI share."
Kauai, Hussman is spot on, this is going to be a big sucker's rally and then an epic plunge imo.
BQI up 14%, almost a $1 from .81...
Goro back in the 3's for anyone interested in shares
Anyone follow Liberty (LBE.V) news...
Feb 19, 2009 19:46 ET
Liberty Provides Corporate Update
EDMONTON, ALBERTA--(Marketwire - Feb. 19, 2009) - Liberty Mines Inc. ("Liberty or the Company") (TSX:LBE) announces that further to the December 30, 2008 press release, progress continues to be made towards obtaining the financing necessary to continue Liberty's exploration, development and production programs. Management is striving to conclude negotiations and announce the signing of a definitive agreement.
As described by a press release on April 29, 2008, a loan was advanced to the Company for CDN$16.45 million. All interest payable on the loan was pre-paid until the maturity date of October 29, 2009. The Trustee for the loan has served notice on the Company that the outstanding principal and warrants associated with the loan are due and payable according to an alleged event of default under the indenture securing the loan. The majority of the note-holders signed a resolution instructing the Trustee to call the loan under the assumption that one or more liens have been registered as charges ranking in priority to or equal to the mortgage securing the loan. Certain contractors and suppliers working for the Company have placed liens on the Company's Redstone and McWatters properties claiming priority and have commenced actions against the Company. However, there has been no judicial determination of any charge as alleged. The note-holders have agreed to negotiate a forbearance agreement which will stay the notice of default for a period of time that should be sufficient to complete the financing noted above and provide funds to settle the lien claims. In the event the forbearance agreement cannot be completed, the Company will defend this alleged default vigorously.
Mr. Mark Trevisiol has resigned as director and Chief Operating Officer. "On behalf of management and the Board of Directors of Liberty, I would like to thank Mark for his contributions to the Company and wish him all the best in his future endeavours" commented Dr. Gary Nash, President and Chief Executive Officer.
About Liberty Mines Inc.
Liberty Mines Inc. is a producer of nickel and is focused on the exploration, development and production of nickel, copper, cobalt and platinum group metals from its properties in Ontario, Canada. It owns and operates the Redstone nickel concentrator near Timmins Ontario. Its operations are presently under care and maintenance due to low commodity prices.
I agree on GMO, I bought some at .86, however if the market continues to go down in general, it may pull GMO and a lot of others with it, ie, the non-PMS.
BEXP, PWE, TRGL near 52 week lows, BQI is also now in the .80s.
I wasn't getting a message, just the option to post wasn't there, it never gave me a 'logged in' status. Works now though, could have been an internet caching issue on my end.
Bob, can't post on Jr Energy? BEXP at 2.20 right now, anyone buying here?
PZG up 9 cents to .57, anyone following today's rise?
We are already experiencing massive deflation, gold is holding up well so far.
cl, here's an English presentation on mto...
http://sectornewswire.com/PMRmtoFEB09.pdf
Guys, RT Cdn Quotes at www.vantagewire.com/quotes and it's FREE.
cl, what about mto and goz? They are producing, maybe not 100k a year though?
Contrarian in me is looking at HGD.TO at these levels.
StrataGold News, up 150%...
StrataGold increases the Dublin Gulch Eagle Zone Deposit indicated gold resource by 37% to 2.7 million ounces
VANCOUVER, Jan. 14 /CNW/ - StrataGold Corporation (SGV-TSX) ("StrataGold" or the "Company") is pleased to announce that a new independent National Instrument (NI) 43-101 Mineral Resource estimate for the Eagle Zone Deposit has been completed by Wardrop Engineering Inc. StrataGold has increased the Indicated Resource of the Dublin Gulch Eagle Zone Deposit in the Yukon Territory, Canada by 37% to 2.690 million ounces of gold. The new Mineral Resource estimate incorporates 13,057.65 metres (m) of drilling from 2006-2008 into the previously-stated resource estimate (see news release dated February 27, 2006).
Eagle Zone Deposit Resource Statement Capped(x)
-------------------------------------------------------------------------
Contained Gold
Gold Grade Gold Cut-off Grade
Resource Category Tonnes (g/t) (troy ounces) (g/t)
-------------------------------------------------------------------------
Indicated 98,584,000 0.849 2,690,400 0.50
-------------------------------------------------------------------------
Inferred 2,023,000 0.671 43,630 0.50
-------------------------------------------------------------------------
2008 Exploration Program
In 2008, StrataGold drilled 15 diamond drill (DD) holes on the Eagle Zone Deposit totaling 4248.65 m. StrataGold spent a total of $5 million at Dublin Gulch in 2008 with the intention of defining additional compliant resources at both the Eagle Zone Deposit and the nearby Mar-Tungsten Deposit. Both objectives were successful (see news release dated December 1, 2008 regarding the Mar-Tungsten Deposit).
"We had an excellent field season in 2008 at Dublin Gulch," says Terry Tucker, StrataGold's President and CEO, "We increased the Indicated Resource of the Eagle Zone by 37% - combined with delivering a positive Economic Assessment of the Mar-Tungsten Deposit, Dublin Gulch is rapidly advancing."
The Eagle Zone and Mar-Tungsten Deposits are located within StrataGold's wholly-owned Dublin Gulch property in the north central portion of the Tintina Gold Belt, 85 kilometres northwest of the village of Mayo, Yukon Territory, Canada. The Tintina Gold Belt is being explored by various exploration companies for low-grade bulk tonnage, intrusive-hosted gold deposits similar to the Fort Knox Gold Mine operated by Kinross Gold Corporation in Alaska.
The mineral resources are sensitive to the selection of the cut-off grade. The table below presents the tonnage and gold grades within the mineralized shell at various cut-off grades. The reported quantities and grades are only presented as a sensitivity of the resource model to the selection of cut-off grade.
Eagle Zone Deposit - Sensitivity analysis of tonnage and grade using
comparative cut-offs
-------------------------------------------------------------------------
Gold Grade Contained Gold Gold Cut-off Grade
Tonnes (g/t) (troy ounces) (g/t)
-------------------------------------------------------------------------
164,913,000 0.666 3,531,700 0.30
-------------------------------------------------------------------------
129,231,000 0.754 3,131,300 0.40
-------------------------------------------------------------------------
98,584,000 0.849 2,690,400 0.50
-------------------------------------------------------------------------
75,937,000 0.938 2,291,100 0.60
-------------------------------------------------------------------------
56,374,000 1.039 1,883,300 0.70
-------------------------------------------------------------------------
41,587,000 1.142 1,527,500 0.80
-------------------------------------------------------------------------
31,071,000 1.242 1,240,900 0.90
-------------------------------------------------------------------------
23,318,000 1.340 1,004,400 1.00
-------------------------------------------------------------------------
Quality Control, Assurance and Data Verification
A rigorous Quality Control and Assurance program (QC/QA) is in place, using control samples and duplicates, as well as Chain of Custody (COC) protocols. Tamperproof sample bags and sample tags were utilized for all of the drill samples. All Dublin Gulch drill samples were prepared and analyzed by ALS Laboratory Group located in British Columbia, Canada. ALS is an ISO 9001:2000 registered and accredited to ISO 17025:2005 by the Standards Council of Canada (SCC) for specific analytical procedures. The control samples and duplicate assay results received for the drilling program demonstrate to StrataGold that the results are considered reliable. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101.
The exploration program was conducted under the supervision of qualified person Terry Tucker, P.Geo., StrataGold's President and CEO. Terry Tucker has reviewed the technical content of this press release.
cl, any thoughts about BQI in the short term? Tx.
Bob, most are 1/10, how true, maybe our day is finally coming, the last 2 trading days have been the best since late 2007.
Acadian (ADA.to) announces that ScoZinc has obtained creditor protection.
12/23/2008 11:26 AM - Canada NewsWire
HALIFAX, Dec. 23, 2008 (Canada NewsWire via COMTEX News Network) --
Trading Symbol: ADA:TSX; C2Z-Frankfurt
Shares Outstanding: 153,402,907
Acadian Mining Corporation (TSX: ADA) ("Acadian" or the "Company") announces that ScoZinc Limited, a wholly-owned subsidiary of Acadian, has obtained an order from the Supreme Court of Nova Scotia granting ScoZinc Limited ("ScoZinc") creditor protection pursuant to the provisions of the Companies' Creditors Arrangement Act ("CCAA"). The Supreme Court of Nova Scotia (the "Court") has granted CCAA protection for an initial 30 days expiring on January 20, 2009, to be extended thereafter as the Court deems appropriate. The CCAA protection will stay creditors, suppliers and others from enforcing any rights against ScoZinc while ScoZinc reviews the various alternatives for the restructuring of its affairs until world base metal prices rebound.
The Court also authorized ScoZinc to borrow up to $250,000 to meet short-term operating commitments and, on December 31, 2008, will consider the Corporation's application to borrow up to an aggregate of $1.0 million for these purposes.
ScoZinc's Board of Directors, in consultation with the Board of Directors of Acadian, determined that seeking creditor protection is in the interests of ScoZinc, its creditors, shareholders, employees, customers and other stakeholders. These actions are necessary because of ScoZinc's inability to fund operations primarily due to the drastic decline in metal prices, particularly over the past two months. See Acadian's news release 24-08 for further information.
On January 1, 2008, zinc and lead prices were US$1.08 per pound and US$1.23 per pound respectively. On October 1, 2008, zinc and lead prices were down to US$0.75 per pound and US$0.82 per pound respectively. On December 1, 2008, the prices for zinc had declined a further 33% to US$0.50 and lead 49% to US$0.42 per pound. On December 22, 2008, the price for zinc was US$0.51 and lead was US$0.39 per pound.
Acadian holds the Scotia Mine zinc-lead asset through ScoZinc. Acadian's gold assets are held in another subsidiary that is not affected by this action.
Several months ago, ScoZinc took active measures to implement a cost reduction program at the Scotia Mine in order to attempt to continue operations within the then existing margins. These measures included the lay off of 27 employees in late October. Recently, Acadian announced that ScoZinc was scaling back its operations at the Scotia Mine due to the continued deterioration of metal prices These measures included reducing the Scotia Mine staff by a further 38 employees, bringing the current complement of workers to 70, which is roughly half the number of workers that ScoZinc had employed in October, 2008.
It has become apparent to ScoZinc's senior management that the Scotia Mine should be transitioned to a reduced-operation mode and then, if necessary, to a "care and maintenance" status until such time as zinc and lead prices become more favourable, or potentially to process gold ore from one or more of Acadian's nearby gold properties. It is anticipated that Scotia Mine will continue to operate on a reduced operation basis until February or March 2009. A decision to put the mine on care and maintenance will be made at that time.
While under CCAA protection, management of ScoZinc will remain responsible for the day-to-day operations of ScoZinc, under the supervision of the Court appointed monitor, Grant Thornton, who will be responsible for monitoring ScoZinc's ongoing operations, assisting management with the development of a restructuring plan, reporting to the creditors and the Court, and assisting management with respect to the restructuring of the business.
I'm gonna wait on AGT until the teens, I may miss out, but I made a decent profit.
stock_peeker, on AGT, I know, profit! I'm selling some today as well.
Tx Bob for the Ban update, I got into this one a bit too soon, but just a small position.