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I just think there's a lot of selling on the news. We will see what happens when everyone has had time to digest the latest report.
GLTY
WC2
Ya voll
George is on a roll to raise some big money. Didn't he mention aquisitions? Looks like he's gonna have a lot of powder.
WC2
Today is the day we ALL make money.
1. GM bancruptcy bursts dam
2. 1 trillion waiting to enter market
3. Drys will have good news
Isn't life good.
WC2
NM was up nice too. Even better than drys.
WC2
Where's the next resistance level?
WC2
Yeah, its time to kick Tom.
But you know. He will take his lumps like a man but he will keep trying and trying and will finally succeed.
So lets just get passed this one and wait for the next one.
GO EDEX GO TOM GO TONY GO CALVIN
WC2
Do tell, do tell. Be specific.
They will be working on the stockpile exclusively. As opposed to speculating on oil or gas, the ore is already there just waiting to be processed. A no brainer. And its enough to keep them very busy.
It should be noted that Yukon will not be mining anything until next year or whenever they can reopen the mines. All Golden Eagle has to do is operate the mill, work down that pile and take their cut.
IMO the golden goose is on the nest.
WC2
Ironyman. Do you have any new info on that?
I see it two ways.
FIRST Either its a raw deal. A good way to kill our investment. Or...
SECOND On the otherhand, if Golden Eagle is making money, (and things are promising so far) it could be helpful to get the price up to levels where more investors would be willing to give the company a chance. But its all dependent on whether they have cash coming in. Personally, MYNG won't even show on my stock ticker. What good is that?
Is this a done deal? A good deal?. I'm undecided.
WC2
Thanks for the update. Getting a bone everyonce in a while can really get this old dog to roll over.
Let's git sum oil.
GO TOM GO TONY GO CALVIN GO EDEX
wc2
Triple bottom? I'll be loading up with every last penny I have if/when that happens.
WC2
Here is a quick summary of what I've read:
Golden Eagle @ Jerrit Canyon
Completed first pour
4000 tons of ore
260 ounces of gold
@ $887 per oz
= $230,750
Jerritt Canyon will process 90,000 ounces by the end of the year (includes the Newmont ore)
2000 ounces per week for the next year
When underground mining resumes by the end of the year, they will be processing 140,000 oz per year
Golden Eagle has a 5 year contract to operate the mill as a sub contractor. Gets 20% management fee above their operating cost for running the mill
Awesome video of a pour last year at
www.yukon-nevadagold.com/i/misc/goldpour/index.html
There's $1,598,043.88 million in those three cones!
WC2
Good article.
I like the 90,000 figure, although I also saw 60,000 on the Yukon website. That's a 30% difference. I suppose whichever was most recent counts.
Regardless. I think things are looking up.
WC2
So you're saying that Golden Eagle will pocket 20% of the 90,000 oz by the end of the year, bringing in $16 million?
Dang. Does anyone agree with my estimate?
$16 mill over the 5 year contract would be $80 mill. Sounds like a company to me.
Maybe they could buy Bolivia with their chump change. Ha!
WC2
Amen Tom!
We have been waiting a long time for this. Let's have a good strike.
WC2
We need to get some of that gold out of the ground. It would be nice to have some info on what's transpiring in Bolivia (if anything). Hopefully they got their diesel by now and operations have re-started and we're getting somewhere.
WC2
Is there some kind of news? Or is it just gold stocks in general?
WC2
I wish this company the best. I want them to suceed. I want to recoop my investment and even make something. But a 500 to 1 is not good. Vote it down. Unless they can show a decent return we'll be right back in the same place.
WC2
I tend to concur on this $3 figure. Riding that rebound will not be for the faint of heart. Longterm, you can't lose, (as long as they stay solvent).
WC2
Supposing there is something to clean up. I have never heard of any problems. That they think they can pass regulatory rather quickly sounds pretty reassuring to me.
Now if they were predicting $100 per share by the year end, that I would call pumping and dumping. I haven't heard that.
What I have heard is some of the first good news in months. We need to build on that.
I would personally like them to be sucessful and start making money.
WC2
From what I read below it sounds like they have their ducks in a row and are ready to make some gold. I wish myng the best. LETS MAKE SOME MONEY!
"Queenstake USA must receive permission from all relevant state and federal agencies to re-start operations at the Jerritt Canyon mill. Golden Eagle believed that these conditions would be met within a relatively short time and has actually had personnel on-site since mid-September 2008 to maintain the mill, ensure regulatory compliance, as well as meet with environmental authorities and investment groups"
I've been watching this for a while now, and my crystal ball says 11.5 Then watch for a recovery with resistance at 18
WC2
For what its worth-
I read the other day that foreigners are buying up the majority of US treasury notes. As bad as things might be, seems like the rest of the world knows that the dollar at this time is the most stable place to be. How do you like that?
WC2
Thanks Tom,
Keep on fighting and never give in. We will suceed.
WC2
GO TOM GO EDEX
Its not so much the winter cold here, which averages 34* (which is nothing) but that the county prohibits the drilling rigs from driving on the backroads during spring thaw, when the roads are saturated and loose and vulnerable. I believe the access date was April. The farmers love it when the ground freezes because they can get those late crops out without doing damage or making ruts. Cold is not an issue.
WC2
GO EDEX GO TOM GO TONY
Weren't these three wells funded by the investors from Southern IL, and EDEX didn't have a to pay a thing? I thought that was the deal.
WC2
Bearluver,
Tell us something we don't already know about Tom. You're man enough to make an insinuation. Put up or shut up. If you have something to say we will listen with open ears. There are 60 days till the next well. I'm not going anywhere. Let er rip big boy. Else don't waste our time.
WC2
Yeah, but... "there is another well coming in 60 days"
Tom is not giving up or throwing in the towel. So neither should you. This is not the end. It's just a setback. There are lots of other wells to be drilled. We'll keep on going forward and we will hit. We will make money.
Its shake out time where we will see what you men are really made of.
Thank you Tom for your timeliness and candidness in promptly informing that this one was plugged.
Welcome gentlemen, to the oil business.
Lets go on from here and build a company and make some money.
WC2
GO EDEX GO TOM
This from AP: ...Congress ratified President Morales' draft constitution on Tuesday and sent it to a nationwide vote on Jan. 25, 2009, granting the leftist leader a hard-fought victory in his push to remake South America's poorest country.
Time will tell how this affects MYNG
WC2
The silence is maddening.
WC2
Go Tom! Go Edex! Git us sum erl!
Have the conditions in Bolivia improved any? Looking for some positive news!
WC2
Tom,
You have my most heartfelt condolences at the loss of your dear wife of 40 years. I know you will miss her dearly. God's peace and the gracious hand of His Son carry you through these most trying days.
WC2
"Unless a kernal of wheat falls to the ground and dies, it remains only a single seed. But if it dies it produces many seeds." John 12:23-26 1 Corinthians 15:51-57
Good research.
300 ft per day? 10 days?
What's a DBA? Date begin action?
WC2
Such is the unpredictability of doing business in SA. However, this immediate crisis has yet to affect Golden Eagle. No laws or policies have been changed. Bolivia actually likes the approach that Golden Eagle has taken. Wasn't it Golden Eagle who pioneered the way with free medical clinics for the poor, and the offering of decent jobs? Bolivia stands to take in generous taxes from these foreign companies.
I hope that the good realtionship stays that way, and that the politics of the day doens't spill over into our business.
WC2
Why won't this bird fly? It first has to lay the golden egg. Then it will shed its downy feathers, spread it wings and take flight.
I believe we are in the most exciting stage of development for this corperation. A company is being born. With each report the gold pay will increase, then profitability.
Finally all those years of hearing about exploration, trenching, boring, jungles and monsoons, will prove we were right.
It is indeed exciting for those of us who have patiently waited for years. I really believe that its coming together.
Bring on that golden egg.
WC2
Hey Top,
Are there any more openings to go to the well? I would be interested if it fits my schedule. I'm just 100 miles away. Dads trying to get one going in Tulsa. Who will be first? He said casing is kind of hard to come by now.
WC2
GO TOM! GO TONY! GO EDEX!
I say hooray for Golden Eagle. This is indeed wonderful news, that production is underway. I guess we would like more, but the auction of the gold, regardless of how much it is, is exciting for the shareholders. Things are happening, and will only improve. The Eagle is ready to soar.
WC2
Brother,
Eagles never flap... they soar!
WC2
A good day today!
WC2
Pergamon: I doubt there is such a group. It might be a great opportunity for you to create your own. Or you could just join this one. It appears that the Eagle is ready to fly.
WC2