will be funny that if as soon as you said you are done with both then they take off like a madman
Eric O's Favorite Gold Miners
Eric what are your top 3 choices out of your list?
May I ask what's wrong with BC? It's a whole lot better than Argentina, surely...!
Heading for the ravine . . . Endeavor says the El Cubo estimates were double or triple the reality, which brings into question AUQ's figures on other mines. It's not just a matter of the former CEO's "health," the health of the entire operation is being questioned.
Yikes, I just sold at almost 50% loss. Double yikes.
I guess I misstated the problem. And probably exaggerated. Nevertheless, there are some problems. Here's what Otto at IKN wrote this morning . . .
Proven & Probable (P+P) Silver: 18.5m ozProven & Probable (P+P) Gold: 322,000 ozMeasured & Indicated (M+I) Silver: 8.3m ozMeasured & Indicated (M+I) Gold: 269,000 ozInferred Silver: 26.7m ozInferred Gold: 548,000 ozTotal P+P+M+I+I Silver: 53.5moz
Total P+P+M+I+I Gold: 1,139,000 oz
Proven & Probable (P+P) Silver: 7.04m ozProven & Probable (P+P) Gold: 112,100 ozMeasured & Indicated (M+I) Silver: 4.43m ozMeasured & Indicated (M+I) Gold: 76,500 ozInferred Silver: 11.41m ozInferred Gold: 220,000 ozTotal P+P+M+I+I Silver: 22.88moz
Total P+P+M+I+I Gold: 408,600oz
Concerning deposit locations and political risks associated with them, the new JW mentions ever-so-briefly concerning
mine nationalizations, "confiscation trends will begin in foreign jurisdictions, but end at the North American doorsteps".
The implications of this if it plays out will obviously be mega-huge. JW must have gotten some info from his insiders
that prompted such a bold prediction. I only wish he would have elaborated a bit. It's always been my feeling that
Mexico and points north would be saved from mine nationalization, but the example of Pemex always keeps me uncertain.
Thanks for your comments, EO. Yes, Otto is prejudiced; always points out that AuRico used to be named Scammon.
That Endeavor still thinks they have a profitable new mine is probably the most important point.
The stumbling block for me is trust in AUQ. Endeavor immediately redesigned El Cubo's plan of development, raising the possibility that AUQ is not making the most efficient and most profitable development decisions. I could get back in with no penalty, but I haven't decided what to do.
Thanks for all input.
yes, we need to be patient , and do other things, but at the same time, we ought to stay alert to what our stocks are doing daily, because at any given moment, an individual stock could have critical development/news that makes it go soaring for a day.... like a takeover, witness Inter-citic ,the other day, doubles , and I got to sell at break even.
for me,thats one down, and 40 more left to sell. maybe 30 ,i dunno.
For several days now, I have been watching the price action in spot gold and silver, at all different times of the day and night.
it seems to be meaningless these days. chopping around above and below the 27 silver 1575 gold zones.....no key price points holding any meaning in this range from the greater low at 1525 g /26 s. to 1600 g and who knows what top silver
everything in between is just chopping up and down, all noise, these days and nights.
Hecla (HL) just offered $ 1.78 cash per share of U.S. Silver.
Stock up this morning to $ 1.77, or 24.6%.
Could this start a bidding war??Just hoping, as I have a boatful.