Mr Pipples Posted December 19, 2008 Report Share Posted December 19, 2008 Bear Creek Mines (BCM) - SLW owns a stake Cheers. Link to comment Share on other sites More sharing options...
Mr Pipples Posted December 19, 2008 Report Share Posted December 19, 2008 Taken from - Gold: The Antidote To Our Problems - http://safehaven.com/article-12126.htm Mag Silver Corporation As expected Fresnillo Corp, the biggest silver producer in Mexico, has made a "take under bid" for Mag Silver, for the Juanicipio joint venture where Mag and Fresnillo have outlined an inferred silver resource of 238 million ounces. Mag's share is 140 million ounces. Fresnillo currently owns 19.8 percent of the company and its bid of US$4.54 is less than the company's worth particularly since a new resource is expected to be released shortly. Mag also has almost $55 million of cash. In addition, there are significant silver-lead-zinc discoveries at Cinco de Mayo plus success at Bato Pilas as well as drilling news to come from the huge Legarto land spreadwhich could be spun-off. We expect a higher offer by Fresnillo, since Mag is a critical part of Fesnillo's expansion plans. Buy. MAG ? Link to comment Share on other sites More sharing options...
Mr Pipples Posted December 19, 2008 Report Share Posted December 19, 2008 FR - high cost miner; current prices likely have all three of their mines operating in the red. Options on silver price would likely be safer. EDR - I don't follow GPR - I haven't reviewed their status lately SLW - Watch out for counterparty risk. Highly liquid if you are a trader rather than an investor. Bill Cara likes them. SST - I own some of this. Neves-Corvo may shut down if copper keeps falling but I think the Minto and Capstone streams should be safe due to hedges in place. Much less debt than SLW. SSRI - I haven't reviewed their status lately. PAAS - be careful here, PAAS doesn't give sufficient disclosure to determine how exposed their mines are to base metal price plunges CDE - A bunch of crappy assets and are in danger of losing their NYSE listing You are missing Hecla on your list. They currently have a financing/loan problem but if they get that straightened out then I think Hecla will emerge as one of the stronger silver miners b/c they have two great assets in Greens Creek & Lucky Friday with costs in US$. Also you are missing GORO which is basically half gold half silver. You have to be very careful with silver miners right now because many of them are dependent on lead, zinc, or copper for a big part of their revenue. Thanks for that. Will look at Hecla - already got GORO. Re. dependancy on base metals, true - that's why I'm really interested in any that are predominately silver. Link to comment Share on other sites More sharing options...
Mr Pipples Posted December 19, 2008 Report Share Posted December 19, 2008 Balls. SST is another one that's isn't crest registered - so HL can't trade it. How do I go about trading foreign stocks (inc' non-crest) online myself? Is there a UK online broker that I can do this stuff through or a US/CAD one that a UK bod can use? (Bought some BCM - HL are getting back to me after they hear from GLW re. what the score is with them.) Link to comment Share on other sites More sharing options...
GatheringStorm Posted December 20, 2008 Report Share Posted December 20, 2008 How do I go about trading foreign stocks (inc' non-crest) online myself? Is there a UK online broker that I can do this stuff through or a US/CAD one that a UK bod can use? As a UK based specu investor you can open an account online with TD Waterhouse. You can then trade any .v/.to listed stock. You can also trade US listed stocks but have to complete a form for tax exemption. Link to comment Share on other sites More sharing options...
Mr Pipples Posted December 22, 2008 Report Share Posted December 22, 2008 HL are getting back to me after they hear from GLW re. what the score is with them.) Nah - GLW not crest either. Hmmm... Link to comment Share on other sites More sharing options...
Mr Pipples Posted December 24, 2008 Report Share Posted December 24, 2008 First Majestic grows La Encantada reserves by 187% - http://www.northernminer.com/issues/verify...;WT.si_p=Verify Got some FR.T yesterday - recommended by a few peeps, eg. Captain Hook, David Morgan. Got some EDR.T to. Link to comment Share on other sites More sharing options...
Mr Pipples Posted December 28, 2008 Report Share Posted December 28, 2008 Jay Taylor: Time to Ho-Ho-Hoard Gold Mining Stocks? - http://www.ibtimes.com/articles/20081227/j...ning-stocks.htm Link to comment Share on other sites More sharing options...
Mr Pipples Posted December 28, 2008 Report Share Posted December 28, 2008 Hitting the Sweet Spot (& Timmins Gold Corp) by Bob Moriarty - http://www.321gold.com/editorials/moriarty...arty122908.html Link to comment Share on other sites More sharing options...
Rosco Posted February 12, 2009 Report Share Posted February 12, 2009 Hitting the Sweet Spot (& Timmins Gold Corp) by Bob Moriarty - http://www.321gold.com/editorials/moriarty...arty122908.html Anyone has thoughts on Quadra Mining? Last year they apparently made $176m profits on $590m sales. Had a 2008 P/E of 1.3 They seem to be cash rich ( I heard $250m in cash) even after this weeks announcement. http://www.miningweekly.com/article/quadra...pper-2009-02-09 And their market cap is ~ $200m Link to comment Share on other sites More sharing options...
drbubb Posted March 16, 2009 Author Report Share Posted March 16, 2009 Gold Bulls Should Pour Their Winnings Into Mines: Chart of Day 2009-03-16 00:01:00.4 GMT By Carli Lourens March 16 (Bloomberg) -- Gold bulls, flush from a ninth year of gains in the metal, should pour their winnings into mining companies as the shares benefit from falling costs, according to analysts at JPMorgan Chase & Co. and Fairfax IS. The CHART OF THE DAY shows the FTSE Gold Mining Index, including Barrick Gold Corp., Newmont Mining Corp., AngloGold Ashanti Ltd. and Gold Fields Ltd., has underperformed spot gold for about a year. Surging costs for fuel, labor and steel last year, and declines in global stock markets have pushed the mining index to near a record low relative to the gold price. We would expect gold companies to outperform the gold price from here, John Meyer, an analyst at Fairfax in London, said March 12. Gold miners are not having to compete quite so much with other miners in terms of skills and supplies. Margins are relatively good in the industry. Barrick last month said the increase in so-called cash costs for mining gold would slow this year. AngloGold and Gold Fields, Africas biggest producers, expect fewer government- ordered safety stoppages after boosting worker training and upgrading mine infrastructure to reduce fatal accidents. Every dog has its day, said JPMorgans Steve Shepherd, Allan Cooke and Abhishek Tiwari in a note. South African gold equities will have their day in 2009. We expect shares to outperform physical gold during the next six months as the market starts to reward expanding free cash flow and margins. Link to comment Share on other sites More sharing options...
Mr Pipples Posted March 16, 2009 Report Share Posted March 16, 2009 XAU Gold Stocks Rising Wedge False Breakdown? By: Brian_Bloom - http://www.marketoracle.co.uk/Article9432.html Link to comment Share on other sites More sharing options...
Mr Pipples Posted March 19, 2009 Report Share Posted March 19, 2009 If the Fed Is Printing Money, I'm Buying Junior Gold Miners - http://seekingalpha.com/article/126740-if-...ior-gold-miners Link to comment Share on other sites More sharing options...
cumulus64 Posted April 7, 2009 Report Share Posted April 7, 2009 I'm new to investment, but I bought some shares last October in RAMBLER and CAMEC. Today I notice RAMBLER have crashed from 11p to 1.5p, but I can't find any news on this. Any idea why it happened? What are the prospects? I DID intend to get into risky investments, this is my new hobby and I can afford to lose, (still don't like it though). What signs should I have looked for, or, how can I avoid the same mistake in the future, assuming something terminal has happened to my canadians? Your thoughts would be most welcome Thanks, Paul (a.k.a the Rambler Gambler) Link to comment Share on other sites More sharing options...
littledavesab Posted April 7, 2009 Report Share Posted April 7, 2009 I'm new to investment, but I bought some shares last October in RAMBLER and CAMEC. Today I notice RAMBLER have crashed from 11p to 1.5p, but I can't find any news on this. Any idea why it happened? What are the prospects? I DID intend to get into risky investments, this is my new hobby and I can afford to lose, (still don't like it though). What signs should I have looked for, or, how can I avoid the same mistake in the future, assuming something terminal has happened to my canadians? Your thoughts would be most welcome Thanks, Paul (a.k.a the Rambler Gambler) Am a bit confused by your figs on Rambler Unless you bought at start of Oct when it was about 14p, you should now be in profit - dealing costs etc excluded - they way the small cap miners have been battered thats a good result See chart http://www.google.co.uk/finance?q=LON:RMM my post is a work in progress - AhHa - look also at http://www.londonstockexchange.com/en-gb/p...IM%20B06Y3F1RMM Some plonker has made a sale at 1.46p but the other sales are at 9.75p /10.40p / 11.45p. 10.40 = latest price looks like someone hit the wrong button on 4000 shares (4000 x 10p = £400 loss?) Dont know these companies myself however Link to comment Share on other sites More sharing options...
cumulus64 Posted April 7, 2009 Report Share Posted April 7, 2009 Thanks for your response - I think the prob was my interpretation of the data, I confused market price with the sale you mentioned Yes, I bought at 13 so still need a while to be + Enjoying browsing the boards, learning a lot, thanks... Can I end with an uninformed opinion which you can feel free to shoot down in flames if need be (I did mention I'm new to all this...)? Companies in developed countries are looking at reducing the environmental impact of mining, so higher costs... If the upturn comes from China or India, they may be looking just at the bottom line, so Africa etc would be their source??? Because I'm thinking of Australia and Tantalum now... Cheers again, and thanks for your patience Paul Link to comment Share on other sites More sharing options...
jerpy Posted April 7, 2009 Report Share Posted April 7, 2009 Can I end with an uninformed opinion which you can feel free to shoot down in flames if need be (I did mention I'm new to all this...)? Companies in developed countries are looking at reducing the environmental impact of mining, so higher costs... If the upturn comes from China or India, they may be looking just at the bottom line, so Africa etc would be their source??? Because I'm thinking of Australia and Tantalum now... Knowing the link between Australia and Tantulum, you maybe will already be aware of Talison? If you were not aware, Talison were the big Aussie tantulum miner and i think they abandoned this market with around a third of worldwide production at the time. They did so due to the economic environment and effect on electrical equipment sales. So what do you reckon, would they restart if prices picked up? Just food for thought, why go to Africa for Tantulum, if that was your line of thinking... Riggers Link to comment Share on other sites More sharing options...
littledavesab Posted April 8, 2009 Report Share Posted April 8, 2009 I think the prob was my interpretation of the data, I confused market price with the sale you mentioned No prob I just happened to spot what has to be a rogue/error trade that must have cost someone. For a short while it must have shown up as the current market value of the share. Whoever it was, his stockbroker no doubt did him no favours! Re the future - its very unclear. I would look closely at the funding position of any miner and aim for those which are cash rich and have a business plan that does not involve much in the way of a future fund raising. Any miners which are in production/just entering production should (depending on the business plan/growth hopes) have less need to spend cash. Right now cash is king and mining is a capital expensive business which is probably why it got trashed in the market. That and smallcap/AIM issues. Link to comment Share on other sites More sharing options...
cumulus64 Posted April 8, 2009 Report Share Posted April 8, 2009 Thanks, so CAMEC with £26M cash (Balance Sheet>Current Assets>Cash&cashequivalents) is a much better bet than RAMBLER with just £2.3M cash but what about the size of the business? don't we have to look at market cap too? or equity? cheers, and sorry for the dumb questions, I'll go buy a book at the weekend... Paul Link to comment Share on other sites More sharing options...
cumulus64 Posted April 8, 2009 Report Share Posted April 8, 2009 sorry to hijack this thread with my innanities but I've time on my hands and love this mining gamble thing that's going on... XTA TYM PIC AQP IVN (need to learn more about this bloke) FXPO RDG HOC POG (ORE) NSU or any silver? have to get my money on a quick one when my next dole cheque arrives FXPO? luv p Link to comment Share on other sites More sharing options...
cumulus64 Posted April 8, 2009 Report Share Posted April 8, 2009 or Uruguay p Link to comment Share on other sites More sharing options...
lupercal Posted April 13, 2009 Report Share Posted April 13, 2009 cumulus64 do you think commodities are now in a bullmarket? I'm not sure. Link to comment Share on other sites More sharing options...
cumulus64 Posted April 14, 2009 Report Share Posted April 14, 2009 Hi Lupercal, The truth is, I know nothing about commodities and mining! All I would say is I'm trying to keep them separate in my mind now (while not bullish commods. See difference between VGM and Gold the last few days...) What does this tell me? btw, can't find Talison listed, what is their code? still scraping lithium, aren't they? cheers, p Link to comment Share on other sites More sharing options...
littledavesab Posted October 7, 2010 Report Share Posted October 7, 2010 BUMP / UPDATE Nevsun Resources (USA) (Public, AMEX:NSU) now = 5.12 24/10/2008 = 0.32 Pan African Resources plc (Public, LON:PAF) now = 8.69 2008 was aprox 1.50 YAMANA NYSE AUY was 2008 = $10 now $11.80 Avocet - LON: AVM now at £1.79 2008 - was between 60p and 80p Rheochem plc (Public, LON:RHEP) 24/10/2008 = 6.94 now at 10p thanks to recent burst QUADRA MINING LTD (Public, TSE:QUA) was 2.60 - 3.00 end part of 2008 now 16.59 CRND as mentioned on the other thread 24.75p back 28/11/2008 (source = google) to 2.5p for NotANewMember. and a low of 1.70p 9sept 2010 http://www.greenenergyinvestors.com/index....&pid=186794 Link to comment Share on other sites More sharing options...
littledavesab Posted May 30, 2011 Report Share Posted May 30, 2011 Not sure if this is a "buy" but it does have something like $50m cash position where as market value is aprox $45m. - is russia focused so that might explain the discount. Cash came from sale of asset. Saw them present at Proactive. $18.8m. deferred performance based consideration to Magadan asset vendors. Cash mostly seems earmarked for spending on exploration / putting 1 mining project into effect and share buybacks. Meanwhile cash is held in gold etf's and possibly some gold shares. OVG..L - AIM + OVX.IR http://www.ovocagold.com/projects/operations_overview.htm Link to comment Share on other sites More sharing options...
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