STOCK MARKET Thread

[xpl0sive]

anyone in PGM? went up 200% today on the news...

UPDATE 2-Stillwater Mining to buy Peregrine for $450 mln | Reuters

[estcecest]

should i go in at cuu? @ 1.84 ?

[soymilk]

Originally Posted by estcecest

should i go in at cuu? @ 1.84 ?

buy if you are able to manage if the stock goes under water, its a a toss up right now anything can happen with the SP.

I think CUU run is over for now, we might see a depreciation in price as people are taking profits off the table.

I'm getting out of small caps/miners, and sticking to blue chip dividend players, REITS. I think preservation of capital is key during these coming months.

[blkgsr]

you guys think the SP is going to continue to fall from here? even after the faily decent rebound today?

[SiRV]

most of the time from what I've seen.. huge falls (>10%) usually rebound the next day by a bit.. (but I'm no expert)

Lots of info was put out on SH today as well that I'll just quote here (that may help with more investor confidence in general):

Looks like AMEC accomplished 2 things;

1) Moving a lot of the measured resources to indicated and indicated to inferred. The lower M&I is reflective of a more conservative approach taken by AMEC. This is a positive and more a reflection on the faults of the past RE than anything else. The institutions will recognize this fact.

2) Increasing resources at higher cut-offs which means shorter payback period and better economics. Let's ignore the .2% cut-off and look at the numbers given for .3%

2007 RE

M&I: 914.9 million tonnes, cu. eq.: .48%
Inferred: 19.3 million tonnes, cu. eq.: .39%


2011RE

M&I: 825.3 million tonnes, cu eq.: .50%
Inferred: 186.8 million tonnes, cu eq.: .46%

So not much of a difference in tonnage, in fact adding inferred gives the 2011 RE more tonnage than the 2007 RE. Also the copper equivalency is now at a higher percentage and thw 2011 RE does not even include the silver!

AMEC in essence by doing a more thorough job and taking a more conservative approach has actually INCREASED the resources as the copper cut-off % increases. This points to better economics in the long run which will be seen with the Feasibility Study. The old RE was flawed in that there were exponential drops in resources as the cut off% increased. This problem has now been solved.

Away at a meeting this morning, didn't expect this kind of over reaction. The grades are up and this is what matters to Teck and for the buyout. AMEC was conservative and that is needed when you are shopping a deposit for a mine development.

I figured that my stink bid at 1.60 would be left unfilled, but I underestimated the potential for sheep to stampede. Do the numbers folks, and quit bleating about reduced tonnage. Grade is what will carry the day, and refining the RE will pave the way for a deal [for Tck].

Take the numbers...

6.1 billion pounds of copper x $4.35 (spot price) = $26.535 Billion

383 million pounds of molybdenum x $14.17 (spot price) = $5.427 Billion

5.8 million ounces of gold x $1546.90 (spot price) = $8.972 Billion
----------------------------
$40.934 Billion

So thats not including cost of the mine... and we also only own 23.45% of the $40+billion number.

Thus of that $40.934 Billion we own $9.599 Billion

Now if we factor in shares outstanding (374.40 million) we get a basic calculation of $2.56 per share

Also as I recall from one of vette's earlier posts today the RE is only 1% of the resource... SO if you do the math (grade 4 kid can do it for you) Then you'll see why this SP is BS and it is going to go higher. Put some pencil to paper and see for yourself.....

Think about this as well, from rtoad1's post Stifel and Macdonald have been buying well over 2.20. Why would they sell for such a small profit per share? They wont, this shows confidence in SP.

Insider buying today is going to show massive massive confidence.

We are going to see what the week holds.

Just some fantasy calcs I did, numbers are approximate.

[highfive]

^ Thanks even though I remember reading those on SH. I looked over the RE and Elmer wants a higher grade cut offs. I assume this is more positive to the big miners (Teck).

Regardless, we still have billions of copper in the ground and we are one step close to the Feasibility Study. Once that study is out, we will wait and see what Teck's going to do. Who knows? we might end up owning the whole mine? lol

[iam_dan]

the RE was exactly what management said it would be (slightly better, actually)
game plan is still the same. CUU is a stock you have to be prepared to invest into for another 4 months. if you dont have the guts or the patience, theres better alternatives out there. there always are.

[blkgsr]

so what's the deal with the FS, when's that exepcted? was it a X days after the RE?

i remember hearing sept?

[highfive]

They've always planned to get a FS done in the 4th quarter of 2011. So I assumed it's from September to December? I believe they are waiting for the results of the deep drill and the silver data issue.

[blkgsr]

would you guys being buying more CUU right now or getting into something else?

i've had to liquidate some shares of other stock to cover a negative cash that i've had in my account for a while (all out of the blue bmo calls me to tell me this, and gives me less than 18 hours to do it, fuckers)

so i'm comtemplating selling all non cuu and picking more up (minus what i have to pay off) or just holding that rest cash and keep holding cuu

[SiRV]

My acct is half cash and half CUU... (well.. the CUU portion is no longer half as of yesterdays close), I'd just hold on to cash like what DOHC is doing. Too much of a gamble waiting for CUU when there are better gambles out there (re:TRE...!.....)

[iam_dan]

Originally Posted by blkgsr

so what's the deal with the FS, when's that exepcted? was it a X days after the RE?

i remember hearing sept?

FS is expected Q4 2011.

the X number of days was the 120 days interest option with Teck after FS news release.

[blkgsr]

ya i knew about the 120 for the teck buy in after the FS...just couldn't remember what the deal was on the FS

i'm thinking the stock's gonna drop now that the RE is out....although guys are saying there is an updated RE that should be coming out soon-ish too? could just be guys spewing shit on SH

[highfive]

I'm still in. Since yesterday, I added another 5000 shares to my holdings. This is the time where I rather hold CUU than any other stock. RE is out. What's next is the feasibility study and that triggers the option back in for Teck. Nothing has really changed for CUU except they used a higher grade cutoff for their RE and they are one step closer to the FS.

TRE is playing with fire to me. I rather buy something else.

[iam_dan]

personally id put more into CUU if i could, but i dont have extra cash handy to play the waiting game for the next few months.

truth be told, the next couple of weeks may be tough to stomach for many. none of that matters if you're in until the buy out though.

[blkgsr]

anyone looking at OPL?

[highfive]

Originally Posted by blkgsr

ya i knew about the 120 for the teck buy in after the FS...just couldn't remember what the deal was on the FS

i'm thinking the stock's gonna drop now that the RE is out....although guys are saying there is an updated RE that should be coming out soon-ish too? could just be guys spewing shit on SH

Not sure if guys are spewing shit on SH or not but I wouldn't be surprised to see an updated RE.

We are still missing updated resources estimates on silver and the deep drills results.

[iam_dan]

i dont know about the updated RE, but im thinking it may be included into the FS.
the drill results are coming next.

just keep in mind that the RE is only 1% of the deposit; the aerial and magnetic signatures revealed 4 more 'Schaft Creeks'.

a total from the Paramount and Liard zones, we're at 7.63 billion lbs copper, 452.4 million lbs moly, 7.16oz million gold.

CUU is a pretty prominent target for takeover if you ask me.

http://www.cbj.ca/business_in_action...opper_fox.html

[blkgsr]

Originally Posted by highfive

Not sure if guys are spewing shit on SH or not but I wouldn't be surprised to see an updated RE.

We are still missing updated resources estimates on silver and the deep drills results.

ya that's exactly what they said was missing and will be included

[highfive]

FYI Insiders has bought into this sell off.

Insider Trades by Symbol | TMXmoney

[DOHCVTEC]

Guys, pick your favourite mid-large caps and buy buy buy!!! QE3 is coming!!!!!!!!!!!

[blkgsr]

when is that generaly released?

[LiquidTurbo]

MGP!!
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[strykn]

lol cuu is getting destroyed and the funny part is , for no legitimate reason

couldn't resist back in @ 1.66 for the bounce... weeeeeeowweeee!

[shawnly1000]

I'm guessing it's due to margin calling plus hitting people's threshold/stops