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02-23-2011, 08:54 AM
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#3251 | | I *heart* Revscene.net very Muchie
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CUU back up to 1.30 today
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02-23-2011, 09:27 AM
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#3252 | | I don't get it
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Originally Posted by iceburner  Why is Gold Wheaton so different in price to Silver Wheaton? | Main reason: in the current environment, there would be massive uproar if your company sold off its gold streams to NOT take advantage of the current spot price. All the gold companies have paid big termination agreements to cancel their forward gold hedges.
You wouldn't be able to build another Silver Wheaton today. Many factors were in play that made Silver Wheaton into a home run, one of the biggest being Goldcorp packaged it up and spun it out at a time when silver was low. At that point in time, miners were anxious to sell our their non-core streams for upfront payment. As silver prices went through the roof, Silver Wheaton had many silver producing assets that allowed it to ride the wave. Silver Wheaton also owned the silver producing mines.
Gold Wheaton tried to mimic Silver Wheaton's business model but in the current economy where metal prices are high. If you had a mine, why would you want to sell off your gold streams? you wouldn't need to and as such Gold Wheaton relied on rainmakers to put deals together and even then it didn't have the capacity to be taken serious. You'll see Gold Wheaton went through a round of share consolidation and dillution to try to make the model work and in the end they had to combine the business with another company to gain size to give it another shot.
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02-23-2011, 10:18 AM
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#3253 | | I contribute to threads in the offtopic forum
Join Date: Dec 2003 Location: Vancouver
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Originally Posted by blkgsr ya i called the cra about another question after i posted that and they confirmed the same thing...money mades in the tfsa is infact tax free
for once, i like something the government has implemented
also, props to the cra having a pretty easily accesible phone in line for questions etc | did you ask even if the money were to be used as your everyday income and living expenses?
i read somewhere if the cra finds out you are living off your tfsa, they will take action. i might be wrong because it states nothing like that on their website.
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02-23-2011, 10:19 AM
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#3254 | | I contribute to threads in the offtopic forum
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If you are saying you wouldn't be able to build another Silver Wheaton. If we go in now, wouldn't we be buying into a speculative silver related stock?
Damn, Citi got pounded the last two days. 4.93 to 4.59.
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02-23-2011, 10:27 AM
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#3255 | | I contribute to threads in the offtopic forum
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CRA won't care if you live off your TFSA. They only care if you contribute over the maximum amount. Then they will penalize you.
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02-23-2011, 10:54 AM
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#3256 | | Need my Daily Fix of RS
Join Date: Jul 2004 Location: Burnaby
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Originally Posted by suzuka84 Main reason: in the current environment, there would be massive uproar if your company sold off its gold streams to NOT take advantage of the current spot price. All the gold companies have paid big termination agreements to cancel their forward gold hedges.
You wouldn't be able to build another Silver Wheaton today. Many factors were in play that made Silver Wheaton into a home run, one of the biggest being Goldcorp packaged it up and spun it out at a time when silver was low. At that point in time, miners were anxious to sell our their non-core streams for upfront payment. As silver prices went through the roof, Silver Wheaton had many silver producing assets that allowed it to ride the wave. Silver Wheaton also owned the silver producing mines.
Gold Wheaton tried to mimic Silver Wheaton's business model but in the current economy where metal prices are high. If you had a mine, why would you want to sell off your gold streams? you wouldn't need to and as such Gold Wheaton relied on rainmakers to put deals together and even then it didn't have the capacity to be taken serious. You'll see Gold Wheaton went through a round of share consolidation and dillution to try to make the model work and in the end they had to combine the business with another company to gain size to give it another shot. | So why did you get Gold Wheaton then? Just to get some FNV?
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02-23-2011, 12:30 PM
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#3257 | | I *heart* Revscene.net very Muchie
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CUU sets new night today...at 1.43
just put another $5K into my tfsa...which i had done it last week when it was .90 or even yesterday at 1.21 lol
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02-23-2011, 12:37 PM
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#3258 | | I *heart* Revscene.net very Muchie
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edit: mean high...not night
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02-23-2011, 03:01 PM
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#3259 | | I contribute to threads in the offtopic forum
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blkgsr - so you bought another $5k in?
i did so @ 1.24 yesterday. Should've bought more.
Citi back in the green after today. Damn! 4.59 back to 4.7
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02-23-2011, 03:25 PM
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#3260 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
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Originally Posted by iceburner So why did you get Gold Wheaton then? Just to get some FNV? | I bought gold wheaton when it was trading at 20cents for the dumbest reason. I didn't look at the financials, technical reports or anything tangible that you would analyze. I bought it because Frank Giustra and Aquilini (owner of the canucks) were involved with it. These guys don't sit on many boards anymore so when they do, you'll guaranteed a sure thing.
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02-23-2011, 03:31 PM
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#3261 | | I don't get it
Join Date: Mar 2008 Location: burnaby
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Originally Posted by highfive If you are saying you wouldn't be able to build another Silver Wheaton. If we go in now, wouldn't we be buying into a speculative silver related stock?
| I'm not saying to buy Silver Wheaton, look at its chart for the past year. They've done numerous things since then so they're stock price will keep increasing so long as silver prices remain at current levels. There are other companies out there that mimic their business model and one should look into it. The investment is relatively safe, you're not running/operating (therefore you have no exposure to labour strikes, robberies or expropriation) the mine as you only provide capital to put the mine into development and you are repaid with actual production which you can hoard or resell on the spot market. In essence, you're the money man and we all know this is a very highly coveted position. Even the contracts they sign with you take the risk out of things.
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02-23-2011, 03:56 PM
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#3262 | | RS controls my life!
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What's the target price you guys are aiming for for CUU? Looks like its over bought at the moment.
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02-23-2011, 05:12 PM
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#3263 | | Rs has made me the man i am today!
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does anyone here write covered calls?
if so, what is your strategy..
I sold some covered LVS and SVM calls...they seem to be overpriced and IMO I don't think they'll hit the strike prices..
IF the calls are in the money, will my broker automatically take the shares from my account?
TIA
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02-23-2011, 07:39 PM
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#3264 | | My homepage has been set to RS
Join Date: Aug 2002 Location: AB/BC
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Originally Posted by mas604 What's the target price you guys are aiming for for CUU? Looks like its over bought at the moment. | Tomorrow will be the test, the northwest transmission line environmental assessment was approved after closing today.
__________________
They/them
69 Camaro LS/T56
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02-23-2011, 07:52 PM
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#3265 | | I *heart* Revscene.net very Muchie
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Originally Posted by highfive blkgsr - so you bought another $5k in? |
not yet 
money should be in the account in the morning
i'm hoping the stock price drops (ha ya right) but with the NTL approval EA approval that won't happen
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02-23-2011, 07:53 PM
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#3266 | | I *heart* Revscene.net very Muchie
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Originally Posted by mas604 What's the target price you guys are aiming for for CUU? Looks like its over bought at the moment. | should be $4++
some guys think $6...some thing $8
i have no clue on how to figure it out
all i know is i'm buying at these levels
my first (and only purchase) was at .77 so i'm already almost doubled
now i just need BCG to move it's ass
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02-24-2011, 08:58 AM
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#3267 | | F**K YOUR HEAD
Join Date: Apr 2009 Location: vancouver
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Just opened a direct investing account with RBC must say I like it a lot more than td waterhouse, much more interactive and up to date. Faster interface too.
Is there anyway I can just move my holdings from TD over? probably not I guess :/
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02-24-2011, 09:09 AM
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#3268 | | I contribute to threads in the offtopic forum
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blkgsr - stock dropped today. lol are you gonna buy in?
Yeah - target price at least $4. With the amount of resources in the land. If Teck doesn't want it, somebody will. It's not just copper and gold, they have molybdenum too.
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02-24-2011, 09:11 AM
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#3269 | | I *heart* Revscene.net very Muchie
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my bank fucked up my money transfer so the money still isnt in my account....not happy
ilvtofu - contact TD/RBC and they will transfer it all over
i did that exact thing from RBC to BMO
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02-24-2011, 09:15 AM
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#3270 | | I came, I saw, I conquered.
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suzuka84 - What do you think of Skyline Gold (SK)? It is located in the Golden Triangle area so it should benefit from the NTL.
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02-24-2011, 11:01 AM
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#3271 | | I contribute to threads in the offtopic forum
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Originally Posted by blkgsr my bank fucked up my money transfer so the money still isnt in my account....not happy | That fucking sucks. What bank are you using?
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02-24-2011, 11:09 AM
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#3272 | | Rider
Join Date: Apr 2010 Location: Surrey
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Originally Posted by Slifer suzuka84 - What do you think of Skyline Gold (SK)? It is located in the Golden Triangle area so it should benefit from the NTL. | maybe take a small position a little lower
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02-24-2011, 11:18 AM
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#3273 | | I *heart* Revscene.net very Muchie
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Originally Posted by highfive That fucking sucks. What bank are you using? | ha it was actually my gf that did it...she thought it would work but not the way she thought...i can only bitch at her so much, i still need her to make me dinner lol
she can tell i'm not please thought, it been worked out and the money should be in the account shortly
i'm in with the bmo investorline right now storting through a couple final details
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02-24-2011, 11:20 AM
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#3274 | | I *heart* Revscene.net very Muchie
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any body know who this Jeo Dwerk Management is?
he keeps fucking with BCG...the guy (team) are a bunch of ass hats
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02-24-2011, 12:37 PM
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#3275 | | 14 dolla balla aint got nothing on me!
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hmm, all my stocks have gone down today. crisis in libya affecting everybody? or just me?
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