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@HRA-Coffin @nicholaslepan "pork"
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@nobshere @HRA-Coffin Would you change that V to a B and lets see if we can get some buying into that gem of a stock
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@HRA-Coffin $BTT should do fine @nobshere. They just need to get some guys into the field and do some proper sampling. Carr told me who's going to do it (good guy) but he can't get down there until after PDAC so the program should start in three weeks, more or less.
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@nobshere @HRA-Coffin Thanks for that update Mr Coffin. :)
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@Sarb Thanks for $BTT comments @HRA-Coffin - This one is a monster in the making. I tried catching up with Carr last week. He was rushing towards an urgent meeting. Looks like lots going on in the background.
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@nobshere @HRA-Coffin $BTT like magic u are You no sooner put that up and the nutjobs here who sold for no reason decided ,,eh I better buy it back Now u wonder why I don't mention low float stocks here anymore ??
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@HRA-Coffin @Goldfinger - we're thinking of changing the name to "Donald Day" just, you know, to suck up.
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@nobshere @HRA-Coffin Careful I wouldn't like to see The Donald get mad at you
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@Goldfinger I'm waiting to hear about the first state or municipality to name a road "Donald J Trump Boulevard" @HRA-Coffin
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@Powderhound1 What is the difference from a chickpea and a lentil, Trump doesn't like lentils
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@HRA-Coffin I think Jeff is right about that. This is a bizarre year for a host of reasons, starting with US politics, but I can't see a compelling reason we should have a big post PDAC slump this early in a bull market. you tend to get a bit of a dip in early bull years but its barely tradable and the "spring" move in its entirety usually lasts into April and often into May.
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@HRA-Coffin I have my own reasons for looking into the $UGD situation obviously, namely $GQC and $PRG. At this stage I don't think the Unigold situation tells us anything negative in general Dominican level. I won't bore you with the history but, for a variety of reasons, $UGD has total concession holdings that are way, way over the 30,000 ha per company limit. This isn't news, nor is it news that the DR authorities wanted Unigold to do something about this. There was a flurry of option deals a few years ago with associated companies that were an attempt to deal with this problem. Most of those projects ultimately came back to $UGD so they had the problem dumped in their lap again. The concession holdings may not be the only problem but it's certainly not helping so you may see $UGD drop some of the less interesting concessions to bring their total holdings down a bit. It also sounds to me like they started the renewal process only a few months ago, which is a lot later than they should have. The DR is SLOW when it comes to this stuff which more experienced hands take into account. If the intent is to renew the concession after letting the Unigold guys sweat a bit then the ministry won't let anyone else overstake it or anything and the tenure will be fine in the long run. Unigold may be able to get some backing from GoldQuest and Precipitate, or at least some sympathy though, frankly, they don't deserve it. Every time I have seen them do a presentation recently they have dumped on both $GQC and $PRG which is ridiculous given GoldQuest's project is far superior for a number of reasons. Why Unigold management would think crapping on their neighbours is in any way a smart strategy is beyond me, but that is what they were doing. It's quite possible this will still work out but if it doesn't, $UGD should not be surprised if the only reaction they get, especially from GoldQuest is along the lines of "Oh well. Sucks to be you".
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@DJS @HRA-Coffin I agree with your post above re $UGD except for one point: this IS news, or at least, it is news to all except the very most informed and engaged investors like yourself, especially given your significant interest in the DR through your interests in $PRG. Your extremely high level of knowledge and awareness is not the test for whether or not $UGD's PR last night should have been released on a timely basis at least 10 days ago.
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@HRA-Coffin The fact that they haven't gotten the renewal is news @DJS - and I completely agree with your points about the timing. I don't know when management decided they would release this at 9PM on Friday before a long weekend but no one is going to believe that was not planned in advance. The DR is famous for being slow with this stuff and is also well known to people that deal with the DR bureaucracy that they are clueless about things like materiality. They probably figured UGD would sit on it until they made a decision, which of course they can't. I think there is still a pretty good chance the concession just gets renewed late but $UGD management hasn't done themselves any favors handling the news this way.
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@PhotoJ Let's talk #newsletters. The "good" ones I'm aware of are @hra-coffin @brent_cook @jameskwantes. Then you have #Katusa who people around here don't seem to respect much (curious why that is, because he likes to pump his picks)? Also, looks like we have @MiningCatalyst with a #drillplays tracker in the works. Are there any other quality newsletters out there that should be on a retail guy's radar? Thanks.
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@Maggee @HRA-Coffin, if this were true, and it is controlled in part by Bannon, then wouldn't Trumps approval ratings be at an all-time high rather than all-time lows? "The Weaponized AI Propaganda Machine it represents has become the new prerequisite for political success in a world of polarization, isolation, trolls, and dark posts." (Although it would explain some of the discrepancies in Trumps beliefs if he's being guided by AI through his consumption of online news.)
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@HRA-Coffin @magee I make no claim to be an expert on this stuff but it's clearly an issue that needs to be monitored. As far as your comment about approval ratings goes I'm pretty sure the people behind the bots would be amused by it. After all he didn't have the overall ratings before he won the election. The whole point of this stuff is how targeted it is.
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@HRA-Coffin Wow. Just Wow. And anonymous, if you want a male oriented comment - how about "Grow a pair and have the guts to put your name on comments like that and own them or just shut the hell up".
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@HRA-Coffin Rant over. I just can't stand people who dredge up crap and post it anonymously. If you can't answer for it. Don't say it.
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@HRA-Coffin $UGD - did some back checking. They have run through two 5 year exploration cycles at the Neita concession. Technically that is all you get and, after that, you're supposed to apply for an exploitation concession or walk away. Like everything else, the Minister has discretion to alter that if he/she wants to. GQC recently had a couple of their older concessions (outside the Tireo) renewed after ten years. They take the activity level into account and $UGD has been pretty active which should work in their favor, They also handed back the non-core concessions to get their holdings back down to 30,000 ha which should help. That said, they are at the mercy of the Minister since they have run through 10 years. I think it will probably get renewed. Hopefully they haven't pissed off the locals as that would leave them open to being turned down.
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@HRA-Coffin My 19 year old set up a savings account and is automatically moves part of every paycheck to it. Don't know where the hell he learned that. I just drank and smoked it all when I was his age.
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@HRA-Coffin Agreed @TheGalvanizer. We joke about them but the truth is the career path for someone in their early 20s is much tougher than it was for many earlier generations. Early boomers (I'm at the wrong end of that crowd) had a pretty smooth path upwards. Not anymore.
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@HRA-Coffin Sounds like @Edp007 offspring has the right idea. If you know how to sell you'll never go broke. Just ask @tommy
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@Edp007 @HRA-Coffin yes smart kid..thanks..he sells life insurance, group benefits... great business... he's a star at Manulife ..Chairman even called him to congrat him on success.. no cap on earning ability in sales...it's all within yourself...no limits...
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@HRA-Coffin Does anyone else think that "German Economic News" might have a certain bias slant? Nahhh..I'm probably imagining it.
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@racker @HRA-Coffin Rofl
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@HRA-Coffin Yeah, ok, that's fine for you @bedrag but what should a guy who never makes mistakes like me do? It' a curse!
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@bedrag @hRA-Coffin Ha ha! Nice. Whats that, 172 winners and zero losers? ;)
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@HRA-Coffin Real rates in the US pushing lower as the reflation trade unwinds, at least for now. Uncertainly over the "Trump Effect" (which was way overdone anyway = the US isn't as important to base metals as US traders think it is) may create some headwinds for base metals, even though negative real rates are positive for commodities generally. Those negative real rates are a bigger positive for precious metals and will generate the next up leg in price if the trend continues. #gold #silver #copper #zinc
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@HRA-Coffin @nicholaslepan and @oljenks yes it's pretty standard for the share price to drop to, or even below, the pricing of a bought deal. The reason is that "bought" deals are bought, sort of by, the financing brokerage house which then turns around and sells it to its clients. In order to take on the risk of holding that paper while its being marketed to clients the bought deal is virtually always priced below market and its common for clients (and even more common for the brokers themselves) to sell the stock down to the placement price and replace the sold shares with placement stock. If there are attached warrants - which have some intrinsic value - you'll even see the stock fall below the placement price if clients or brokers feel its worth it to take a bit of a loss in order to get exposure to the warrants. Brokers don't like holding the bag either so if there is a problem marketing the issue they will often sell at a loss in order to turn around and buy slightly more expensive placement stock - they would rather lose a couple of cents and lower their overall monetary exposure.
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@nicholaslepan @HRA-Coffin they did not each any of this in the Canadian Securities Course
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@HRA-Coffin Yeah, well, they don't teach a lot about how the market REALLY works in that course.
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anonymous Is this @HRA-Coffin getting called out by the Angry Geologist on his $GMV call? GMV - Wild West - Never trust anyone in a Mexican Hat - http://angrygeologist.blogspot.ca/2017/02/gmv-wild-west-never-trust-anyone-in.html
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@HRA-Coffin On the $GMV issue - I recall looking at the headline and thinking it was a bit of a head scratcher - but I think I mentally just added the word "cumulative" for that hole since I could see from the wording that is what was meant. Management is mortified by it. More than they should be really. Its was an honest omission. It's not like they just started a child prostitution ring Everyone breath into a paper bag until the feeling passes. Management tells me they will have more results early next week and that release will include a correction to the earlier headline. They really are mortified by it. I've known Ian and Dave for 30 years and they are not scammers. Everyone take a valium already,
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@HRA-Coffin I'm with @BS on that. You're not trying to turn it into a club - that might work for you guys but it won't work for Tommy. He needs to ultimately have a fairly large number of users for this thing to ever pay for itself for him. There will be some idiots pumping crap but there will always be that, no matter what you do. I'd lean more towards the punishment end of things to get rid of bad apples but you don't want to discourage people who may not know the market but do know a lot about a particular subject/area/company. A good "users guide" would help, I haven't looked at what they have for that.
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@HRA-Coffin Some way to highlight the news release flow as a draw might help too. ceo.ca is probably quicker than just about any other site getting news up and that is a pretty big competitive advantage they should highlight.
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@HRA-Coffin Do you know what, if anything, is getting paid for indium these days? I see a few companies highlighting it in the economics but I recall back in the day that most companies weren't actually getting much from the smelters for it. Maybe the tight market is helping with that.
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@MiningBookGuy good additional points @BS & @HRA-Coffin! "how to improve CEO.CA" has become one of my favorite conversations to follow in the last 24 hours :)
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from ~mining syndicate,
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@CriticalInvestor @HRA-Coffin @BS I agree with both of you on low barriers, but you have to consider the impact of just 3 persons on the entire site > when they are in, it is damn hard to control their BS, it ruins the attractiveness (decent English?) of the site much faster than it can be built up, and punishing doesn't have much influence on their behaviour, they are too persistent/too old to change. Maybe it is to be compared with the immigrant discussion over here in Europe: it is almost impossible to get rid of the bad apples, but in the mean time they are infecting everything, like a badly maintained house brings down the value of all houses in the street, despite those being the vast majority. Therefore politics begin to remotely understand that maybe it is a good thing to make things more difficult for new entrants. For houses there is no related solution as owners come and go. End of rant.
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@HRA-Coffin John Kaiser has "his own fish to fry" as the old saying goes but it would be worth Tommy and Murat's while to see if something could be done to pull John's already pretty extensive databases into things somehow. John has always been very good at keeping track of things like former associations between different players. I keep that stuff in my head (well, the parts that the drinking hasn't killed off) but I think John has it more formalized. Besides @murat - John would be scandalized that I said so but he REALLY needs a good programmer to give him advice. His site is the polar opposite of "easy to navigate". Maybe something could be worked out that would help both sides and give users some sort of managed access. John would have to get paid for it somehow so I would keep something like that at the "pro" level.
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@HRA-Coffin Agreed on some sort of posting limit. The ones you refer to will never believe they are not the main attraction so you won't get them to change. Might force some of the traders (who do post useful info) to try something radical like complete sentences. I think there are a lot of chart boys trying to give people helpful hints but they could take a page out of @goldfinger's book - tossing in the odd noun and adjective wouldn't kill them. Hard to wade through pages of ADD postings.
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@ocotilloredux @HRA-Coffin I mentioned in the past to @HighROI that I had similar concerns on indium and he brought it up with Tinka's IR. Here was their response... Not all of the zinc smelters recover indium, but an increasing number do due to the value of indium (e.g., Teck, Nyrstar). Smelter terms are negotiable and we would obviously only want to sell to a smelter willing to pay for the indium. Due to the tight concentrate market, we are confident that we will get paid. As evidence that smelters are willing to pay for indium, please see this release from Alexco: http://www.alexcoresource.com/s/news.asp?ReportID=510300 The indium payability may not be as high as zinc (it depends on how much the smelter can recover), but we believe that our concentrate will certainly have enough indium that we will be paid for it by smelters with an indium recovery circuit. So, Doug is probably right that indium should not be converted to zinc equivalents. However, it is appropriate for this stage of the project. As we progress, economics will reflect recoveries and smelter terms. For now, zinc equivalence is a convenient way of comparing grades, since by-product grades vary substantially.
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@CriticalInvestor @HRA-Coffin Access to John's database would be great through PRO, right now I use it on and off as it is a bit too expensive for the occasional search for me
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@murat interesting i will investigate this idea @HRA-Coffin
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@HRA-Coffin Euroloand credits - especially German ones, very overbought thanks to Frexit fears. ECB will get increasing pressure to start tapering if Euro block PMI's, inflation readings and spending keep trending higher. If that happens the long USD trade, which is already shaky, will be in more trouble. That is gold positive. This Fridays payroll report will loom large as traders will fret it might push Fed to pull the trigger to get less "behind the curve". Note that even if the Fed does increase in March it will still be behind the curve based on the most recent CPI and 2Y,5Y and even 10Y yields.
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@Goldfinger @HRA-Coffin good chance that a March rate hike sees the yield curve flatten further. Bullish for $gold as yield carry bears less fruit.
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@tsetka @criticalinvestor, @HRA-Coffin, @BS - Quite a while ago I suggested CEO.ca require participants to complete their profiles. A real name or an ability for people to be able to identify users would go a long way in reducing the garbage many people spout. I enjoy the site and do subscribe to several of the newsletters & blogs and truly appreciate receiving the newsletters and the content. Possibly a free week of posting anonymously and then your access is frozen (read only) until you update your profile with a real name (or business, site, or something that is identifiable). I know from many years of experience if I can't identify the poster, it's usually just fluff.
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