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CLL not so green though lol might even buy some if it keeps dropping!
Edit: I couldnt help but notice that virtually every single major gold miner is near it's 52 week low...
Yes...wtf...I'm holding Goldcorp right now. Thought it was a good buy when it was at 43.5. Analysts are still maintaining buy rating with $60 12-mo. price target, but now I'm not so sure...hoping for good news with their quarterly report tomorrow.
I was reading one article talked about Argentina's government wanting to nationalize their oil industry and gold mining is second on their list.
It's just a rumour but meh.
I found out by buying in McEwen Mining MUX. CEO is the old CEO that made Goldcorp the company it is today. They have this undeveloped mine that's very close to the Goldcorps one in Argentina.
I found out by buying in McEwen Mining MUX. CEO is the old CEO that made Goldcorp the company it is today. They have this undeveloped mine that's very close to the Goldcorps one in Argentina.
Yea argentina is kinda wtf right now.. I'm holding lumina copper which has mines there as well.. But I don't think copper is an asset the gov't there will go for.. Not yet at least
No sir, sold at .97-.98 a while back, within two weeks of the 4th quarter 2011 financials.
On the subject of being down 35% on YNG, I wouldnt sweat that too much, listen to the podcast for 4th quarter 2011 and do the math on the current output of the mine....
Avg of 3700T per day, at approx. 6g/T, 22200g/day (or 792.85oz/day) which puts them on track to hit 289390oz by the end of the year.. taking into consideration the lower numbers during initial commisioning, scheduled maintenance, and a slight contingency factor for unexpected repairs... they should easily hit the magic 150000oz target for 2012. Also consider the actual capicity of the mill is more like 7000T per day but they are not permitted to process that amount of ore so production will be limited to around the 4000T/day mark until all the start-up bugs have been sorted out and they can supply the monster with enough raw ore.
They no longer piss money away paying a third party to haul/mine/supply the ore... things are looking up for that company! Market cap of 250M.. there is junior miners out there who have market caps of 250M and are non producing and non proven (See V.SLI as of 6 months ago).
I am actually looking to purchase more YNG, but cant move money around until I sell some of the other garbage I have recently purchased lol.
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so i made a $50 account for fun with www1.hymarkets.com but now they want me to photo copy my passport and my credit card and send it to them..... do other sites require this stuff? there is no way im going to photo copy my credit card both side and sent it in to them over email...
We would like to remind you that you have not met our internal documentation requirements.
Please be aware that due to Anti-Money Laundering regulations and withdrawal procedures we require certain documentation from you.
1.Copy of Identity proof (example: Passport copy, State ID Card etc).
2.Copy of Address proof (example: Utility Bill, Bank Statement etc not older than three months) with the name & address of the user.
3.Photocopy of the credit cards (both sides) if the deposits have been credit card deposits.
4.Credit Card Authorization Form.
You can sent these documents by email to accounts@hymarkets.com or fax them to +971-4-4364071. Please state your username on all future correspondences with us..
*Due to regulations, failure to provide the required documentation within 21 days of your account activation will cause immediate liquidation of your positions and closure of your account until documents are received. In order to avoid future inconvenience, please provide the required documentation within the allotted time period. For more info please check terms and conditions.
so i made a $50 account for fun with www1.hymarkets.com but now they want me to photo copy my passport and my credit card and send it to them..... do other sites require this stuff? there is no way im going to photo copy my credit card both side and sent it in to them over email...
We would like to remind you that you have not met our internal documentation requirements.
Please be aware that due to Anti-Money Laundering regulations and withdrawal procedures we require certain documentation from you.
1.Copy of Identity proof (example: Passport copy, State ID Card etc).
2.Copy of Address proof (example: Utility Bill, Bank Statement etc not older than three months) with the name & address of the user.
3.Photocopy of the credit cards (both sides) if the deposits have been credit card deposits.
4.Credit Card Authorization Form.
You can sent these documents by email to accounts@hymarkets.com or fax them to +971-4-4364071. Please state your username on all future correspondences with us..
*Due to regulations, failure to provide the required documentation within 21 days of your account activation will cause immediate liquidation of your positions and closure of your account until documents are received. In order to avoid future inconvenience, please provide the required documentation within the allotted time period. For more info please check terms and conditions.
Dude we went over this LOL.....don't get why you keep choosing/thinking this site is a credible "broker"...how many other sites have a www1 in their URL. Why not open a legit account with a legit broker...
Dude we went over this LOL.....don't get why you keep choosing/thinking this site is a credible "broker"...how many other sites have a www1 in their URL. Why not open a legit account with a legit broker...
so does that mean other sites do not require you to photo copy your id and credit cards and stuff??
i have not invested any more money into this site, i would not do it again with this site, i am still messing around with my first and only $50 i deposited, so far i made some money with forex and its kinda fun, its kinda like gambling LOL cept its not gambling... or is it
i did research and the www1.hymarkets.com are a company in australia i think, somewhere around there.. but yeah if i could do it again i would go with bbinary.com or something known to be better but first im just going to mess with this $50 that i cant get back and see where i go from there..
Connacher issues update regarding strategic review process
Spoiler!
Update Regarding Strategic Process
Canada Newswire
CALGARY, April 27, 2012 /CNW/ - Connacher Oil and Gas Limited (TSX: CLL) ("Connacher" or the "Company") previously advised that its Board of Directors has initiated a process to review the Company's business plans and review strategic options. Goldman Sachs and RBC Capital Markets have been engaged to assist the Board of Directors in connection with this strategic review.
Connacher will be issuing its 2012 first quarter results, as is normal, on May 15, 2012, following its regularly scheduled Board meeting. Preliminary data indicates that financial results will show improvement over the comparable period for 2011 and that production is within previously issued guidance. Connacher continues to expand its "dilbit by rail" strategy and leased railcar fleet in order to take advantage of excellent pricing (after transportation costs) for diluted bitumen railed to refineries on the Gulf Coast which are currently not accessible by pipeline. Pricing for diluted bitumen is quite volatile dependent on where in North America it is being purchased. This dilbit by rail strategy allows Connacher to mitigate this volatility to a considerable degree and provide additional options to its normal Alberta-based sales.
The Company's outstanding convertible debentures, with a face value of $100 million mature on June 30, 2012. It is Connacher's intention to settle the convertible debentures in cash at that time, utilizing its current cash balances and a portion of its $100 million bank credit facility.
With regard to the strategic review process, Connacher and its advisors continue to be engaged with a number of highly qualified parties regarding the future plans of Connacher. Interested parties' due diligence examinations are on-going and the Company will be advising shareholders of any significant developments in due course.
Coles Notes:
May 15 2012, Q1 2012 Financials.
I would like to say that even though I would not purchase CLL "right now, it is on my radar, I have no doubt about it being a target for takeover, and with a current share price of .82 (roughly 380M market cap), there is still a huge potential upside based on a valuation of probably 2-3B.
381M + Outstanding Debt/Warrants of say roughly 800M you are essentially paying 1.2M for a 2.5B company... the reason why it is so attractive is that they have a large oilsands lease, two producing facilities, and a profitable refinery south of the border, long term expectations of a low NG price, and a climbing oil/biutmen price. You can also tack on the potential for positive cash flow depending on what exactly happened Q4 of 2011 which didn't offer much insight into the companys "actual" margins with the price of NG so low.
Consider that for any other company to start a new oilsands project from scratch you are looking at the folowing:
-Find a parcel of land that may or may not have confirmed and reliable geotechnical survey complete. (And hope this land is near a major hwy like CLL is)
-Begin the permitting and environmental assesments. (Takes years)
-Once initial permitting for development is complete, begin construction planning/engineering, permitting, social and economic assesments for the actual construction and commisioning. (Takes years)
-Once all approvals are in (or when approval is immiment), begin tender process and procurring materials. (Can take up to a year quite easily)
-Construct the facility (Tack on another year)
-Commision the facility (Tack on 3-6 months to get the bugs worked out)
And hope and pray that you actually get some production lol (A sustantial number of SAGD projects have been complete failures)... and remember you need to do most of these steps for EACH facility that CLL has.. so you can basically double the timeline. Total cost would be over 3B (easily) and would take a minimum of 6 years, so compare this to being able to walk in, buy all this for 1.2B and be making oil the next day... and get a bonus refinery! Also consider that companies like Nexen are getting paid better buck for their bitumen, and if they were to purchase CLL they would be instantly improving margins by selling the CLL bitumen to their existing clients.. and they have a pipeline! Cheap shipping!
Anyway... I still see strong upside for CLL, but the political side of the institutional ownership scares me a little bit... especially now that you have a fly by night board and CEO...
One thing CLL did that was impressive was to get through the entire process mentioned above rather quickly.
EDIT: On the subject of YNG, it was pointed out on the bullboards that major institutional ownership of CLL as of Feb 2012 was as follows:
Orifer 27.5%
Sprott Asset Management 13.0%
Deutsche Bank 11.2%
So over 50% of this company is held by 3 investment firms... and it would be reasonable to assume that there is a handful of other institutions holding large quantities under the 10% mark... could it be that retailer investors holding YNG make up less than say 20% of the outstanding shares? I would think so... and to me that would explain the volume to price ratio being so out of wack.. it's simply scared retail investors running for the hills while "smart" folks and greasy investment firms load up near all time low pricing. (At least thats how I see it..)
If someone can chime in, I remember reading a while back that retail or idividual investors make up around 30% of the equity markets.
so i made a $50 account for fun with www1.hymarkets.com but now they want me to photo copy my passport and my credit card and send it to them..... do other sites require this stuff? there is no way im going to photo copy my credit card both side and sent it in to them over email...
We would like to remind you that you have not met our internal documentation requirements.
Please be aware that due to Anti-Money Laundering regulations and withdrawal procedures we require certain documentation from you.
1.Copy of Identity proof (example: Passport copy, State ID Card etc).
2.Copy of Address proof (example: Utility Bill, Bank Statement etc not older than three months) with the name & address of the user.
3.Photocopy of the credit cards (both sides) if the deposits have been credit card deposits.
4.Credit Card Authorization Form.
You can sent these documents by email to accounts@hymarkets.com or fax them to +971-4-4364071. Please state your username on all future correspondences with us..
*Due to regulations, failure to provide the required documentation within 21 days of your account activation will cause immediate liquidation of your positions and closure of your account until documents are received. In order to avoid future inconvenience, please provide the required documentation within the allotted time period. For more info please check terms and conditions.
your so fucking stupid that your going to lose all your money within a month and buy into some penny pump
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might even buy some if it keeps dropping!
