The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
 | | 
02-02-2012, 12:53 PM
|
#6576 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
Failed 17 Times in 10 Posts
| Quote:
Originally Posted by AME_VIP  | Yes, that's my understanding of it, and today's price drop reflects that
| 
|  | |
02-03-2012, 08:43 AM
|
#6577 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
|
wow look at the market go! (maybe a good time to cut losses with cuu for some people?) Posted via RS Mobile | |
| | |
02-03-2012, 08:53 AM
|
#6578 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,660
Thanked 757 Times in 381 Posts
Failed 150 Times in 49 Posts
|
i'm wondering about cuu....great NR, how long might this hype last?
i'd love to sell and get back in on a drop, but if they can release something again soon it will keep going
they're saying they're going to do an updated RE...so i'm assuming they're going to announce that the FS will be delayed again
| |
| | |
02-03-2012, 08:59 AM
|
#6579 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
Posts: 2,595
Thanked 1,022 Times in 450 Posts
Failed 54 Times in 30 Posts
| Quote:
Originally Posted by AME_VIP | Most of the time, the market price usually drops to the issue price (actually usually below). But looking at the current market, the likelihood doesn't seem all that high. Hopefully I'm right though, I requested a few hundred shares when the offer was still open on Wednesday.
| |
| | |
02-03-2012, 10:08 AM
|
#6580 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
|
Having a bitch of a time trying to decide what to buy... this was so much easier back in October when you could have bought anything and made money...
Tempted to get back into AOS... but that could turn into one very long long hold.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
| | |
02-03-2012, 10:09 AM
|
#6581 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
| Quote:
Originally Posted by blkgsr i'm wondering about cuu....great NR, how long might this hype last?
i'd love to sell and get back in on a drop, but if they can release something again soon it will keep going
they're saying they're going to do an updated RE...so i'm assuming they're going to announce that the FS will be delayed again | From their earlier NR in Dec. They said they were going to focus on releasing the FS first then they would if possible (figuring out the silver results) release the resource estimate. I asked them this at the conference last month. Elmer said once they have the FS, they can always update the RE, it's just math unless they're planning to mine the deposit in another way.
| |
| | |
02-03-2012, 12:01 PM
|
#6582 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,660
Thanked 757 Times in 381 Posts
Failed 150 Times in 49 Posts
|
ah ok
maybe i read this wrong or don't quite understand it, but did you see the values they were putting towards the minerals in the report?
gold at $1075.00/oz
copper at $ 2.50/lb
silver at $ 16.10/oz
moly at $ 17.00/lb
those are very low numbers, which obviously makes it way better with todays current prices
| |
| | |
02-03-2012, 12:14 PM
|
#6583 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
| Quote:
Originally Posted by blkgsr ah ok
maybe i read this wrong or don't quite understand it, but did you see the values they were putting towards the minerals in the report?
gold at $1075.00/oz
copper at $ 2.50/lb
silver at $ 16.10/oz
moly at $ 17.00/lb
those are very low numbers, which obviously makes it way better with todays current prices | this is pretty standard for mining companies to use these long term prices when modelling - one could argue that today's prices are part of a short term bump and that long term they will revert to the above (although gold has no reversionary tendancies as copper does)
NI43-101 NPV and real world value do not go hand in hand, just look at what companies are being bought for vs their 43-101 report NPVs
| |
| | |
02-03-2012, 12:50 PM
|
#6584 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
Failed 16 Times in 9 Posts
| Quote:
Originally Posted by blkgsr ah ok
maybe i read this wrong or don't quite understand it, but did you see the values they were putting towards the minerals in the report?
gold at $1075.00/oz
copper at $ 2.50/lb
silver at $ 16.10/oz
moly at $ 17.00/lb
those are very low numbers, which obviously makes it way better with todays current prices | Accounting principles of prudence/conservatism
| |
| | |
02-03-2012, 02:04 PM
|
#6585 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,556
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
CUUs gonna get taken out before they release FS imo
| |
| | |
02-03-2012, 02:12 PM
|
#6586 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,660
Thanked 757 Times in 381 Posts
Failed 150 Times in 49 Posts
|
i heard there was talk about Teck...high volume today?
| |
| | |
02-03-2012, 03:10 PM
|
#6587 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
|
blkgsr - here's the info about the RE and FS
NR from Dec 12 | |
| | |
02-03-2012, 03:26 PM
|
#6588 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
| Quote:
Originally Posted by strykn CUUs gonna get taken out before they release FS imo | Just wondering why you feel this way and if you had a price in mind?
I have some money burning a hole in my pocket,...
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
| | |
02-03-2012, 06:23 PM
|
#6589 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
Failed 40 Times in 9 Posts
| Quote:
Originally Posted by blkgsr ah ok
maybe i read this wrong or don't quite understand it, but did you see the values they were putting towards the minerals in the report?
gold at $1075.00/oz
copper at $ 2.50/lb
silver at $ 16.10/oz
moly at $ 17.00/lb
those are very low numbers, which obviously makes it way better with todays current prices | the baseline feasibility study numbers are always very pessimistic to show the economics of building the mine are viable even without sky high metal prices; if you take today's spot rates into account it will reinforce their decision to green light the project. The problem with most of the present projects is short mine life. If the projects are potentially high grade with long term viability a major would have bought them out already. You're looking at projects with a time horizon of 2-3 years whereas mining companies are already looking at the estimated demand at year 2020 to which they are scouring the world to add to their pipeline.
Kinross is looking very attractive right now as they're having trouble integrating their most recent acquisition. Barrick looks good and speaks to the future demand of copper as you have a gold company paying big bucks for Equinox as their forecasting shows it will be in short supply.
Ross Beatty's Lumina Copper Corp (LCC) has a massive reserve and is a safe bet for a takeout.
| |
| | |
02-03-2012, 07:16 PM
|
#6590 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
| Quote:
Originally Posted by jasonturbo Just wondering why you feel this way and if you had a price in mind?
I have some money burning a hole in my pocket,... | IMO, I think it would be a minimum of $3 per share. I've seen insiders and Stifel buying up to the high $2s. The mine itself has a NPV of $2.8 billion back from the 2008 numbers. How much this number is going to be will depend on the FS.... As for that I think it'll ask for a higher premium is because of the Teck option. If it's 75%, they would have to arrange financing on their behalf too (within a time frame too). So all that, I think Teck will pay a good chunk for it.
| |
| | |
02-03-2012, 07:22 PM
|
#6591 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Sep 2011 Location: RevScene.net
Posts: 1,889
Thanked 1,284 Times in 420 Posts
Failed 238 Times in 105 Posts
| Quote:
Originally Posted by SiRV ^...  | Quote:
Originally Posted by Stormspirit Damn you got caught pretty hard there.
You better spray & pray the results are good or else GG . | Don't worry, it was a relatively small position. I took it as a lost, and was going to sell it off
when it was hovering around the $1.0x level. Good thing I held onto it till now.
Not sure if it's a good idea to buy more at the current price, and lower my average price.  | |
| | |
02-04-2012, 03:33 AM
|
#6592 | | Banned By Establishment
Join Date: Jan 2003 Location: Coquitlam, BC
Posts: 9,521
Thanked 1,289 Times in 409 Posts
Failed 407 Times in 100 Posts
|
CNRL had their Coker blow up again apparently. Watch for their share price to fall. Posted via RS Mobile | |
| | |
02-04-2012, 12:09 PM
|
#6593 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
| Quote:
Originally Posted by Iceman-19 CNRL had their Coker blow up again apparently. Watch for their share price to fall. Posted via RS Mobile | That's what happens when you hire the Province of Quebec to build a refinery!
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life |
Last edited by jasonturbo; 02-04-2012 at 01:52 PM.
| |
| | |
02-04-2012, 04:09 PM
|
#6594 | | Banned By Establishment
Join Date: Jan 2003 Location: Coquitlam, BC
Posts: 9,521
Thanked 1,289 Times in 409 Posts
Failed 407 Times in 100 Posts
|
Never mind, ignore that. Turned out to be false info. Posted via RS Mobile | |
| | |
02-05-2012, 09:46 PM
|
#6595 | | RS has made me the bitter person i am today!
Join Date: Oct 2006 Location: YVR
Posts: 4,518
Thanked 1,275 Times in 434 Posts
Failed 62 Times in 24 Posts
|
Do you guys have any books, blogs, sites to read before going into the stock market? I want to start investing some of my money into stocks but would like to know how everything works exactly.
| |
| | |
02-06-2012, 12:14 AM
|
#6596 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,750
Thanked 2,838 Times in 1,218 Posts
Failed 616 Times in 193 Posts
|
Search for Phil Town.
His ideology is the very basic term an investor should understand first, even though his methods seems a bit too basic.
You analyse value and invest it accordingly, rather than following trends or news.
__________________
Nothing for now
| |
| | |
02-06-2012, 12:06 PM
|
#6597 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
|
YNG!!! Up 19% on the day...
Here is the blog post that turned me towards this stock long ago... Yukon-Nevada Gold Corp – The Drama is About to End | Classic Value Investors
And todays news... Yukon-Nevada Gold Corp. - News - Mon Feb 6, 2012
They had some rough seas not long ago... but from what I can see... it looks to be very under valued.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
| | |
02-06-2012, 02:01 PM
|
#6598 | | RS Veteran
Join Date: Nov 2001 Location: An Island
Posts: 14,400
Thanked 5,024 Times in 1,083 Posts
Failed 4 Times in 4 Posts
|
Very interesting.
CLL still bleeding... hurry up quarterly results!
| |
| | |
02-06-2012, 04:33 PM
|
#6599 | | My homepage has been set to RS
Join Date: Nov 2004 Location: Burnaby,BC
Posts: 2,053
Thanked 1,185 Times in 304 Posts
Failed 115 Times in 62 Posts
|
wow CUU is a bitch. two days after i sell it at 1.30 it jumped to 1.50... that keeps happening to me, everytime i buy something, it seems to drop and everytime i sell something it seems to rise... maybe you guys should do the opposite of what i'm doing and you'll make money. lol
__________________
Fast, Reliable, Cheap
A car can be only 2 out of the 3.
| |
| | |
02-06-2012, 04:39 PM
|
#6600 | | My homepage has been set to RS
Join Date: Nov 2004 Location: Burnaby,BC
Posts: 2,053
Thanked 1,185 Times in 304 Posts
Failed 115 Times in 62 Posts
|
just looked and same thing happened with UUU, i bought in a $2.46, sold at a loss at $2.40 on oct 24, then by oct 30 it was sitting at $3.03.... FML
__________________
Fast, Reliable, Cheap
A car can be only 2 out of the 3.
| |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 02:08 AM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
