how does mgt sleep at might knowing that they could wake up one morning & all their production assets could be nationalized. Extremely risky company.
From their website.The first number is current quarter the second last quarter.
"Cash Costs per ounce of silver, net of by-product credits (US$)
Sentiment: Strong Buy
Then why did they have hedges to sell at just over 20 an ounce if there cost is at almost $22??
They produce other metals as by- products (copper, zinc, gold) in mining silver, lowering the overall cost per ounce.
Sentiment: Strong Buy
Please, see below how to calculate cost per ounce for any PM producer. This is short example for this company.
Cost calculation requires numbers from two sources: income statement and earning release and it means that every number and result is for specific reporting period (quarter).
Firstly, take income statement and calculate total cost as revenue minus net income (net income was negative 5M after removing one-time write-offs):
Secondly, take earning release and calculate number of ounces, taking into account that besides silver company produces sub-product metals (gold, zinc, etc); i.e. it is silver-equivalent ounces calculated as revenue divided by average silver selling price.
Now you can have final result, cost per ounce by dividing total cost by number of ounces:
As you see the number is high enough. Please note here that Q2 wasn’t the best for the company and Q3 cost should be lower, though it will not match some rosy estimates, not quite connected with real numbers/calculations.
PS: I didn’t double-check all numbers; therefore, I apologize in advance for any typos and math errors. Please, advise me if you see them in this message.
here we are. more bs to scare off/out any remaining longs. for some time it has been a given that paas has the lowest cost per ounce of any significant silver producer in the world. up until your/others recent scare tactics is was clearly calculated that paas' cost per ounce is $13 - not $18, not $21 or whatever fraudulent amount you can pander. the fact remains that in spite of a global metals meltdown and utter crash in miners' stocks on a scope beyond any standard deviations or justified price reductions, paas is still MAKING money which is absolutely amazing. when the master manipulators decree it is time to mark up silver and share prices, paas stock price will jump up to $20. it will then be earning $1.00 - $1.50 per share, have a book value of close to $20, and only a PE of 13 @$20 share price.
Poster "gosmokeadoobie" has costs per oz of $21.83. You can see his breakdown on his post of Oct 4 @1:04 AM. Is the difference between his and yours because he is including the $100 million writedown, and you are not? Just askin'............
Looking back carries little sense, in general, and it is usually counter-productive in stock investment business. Market is a forward-looking mechanism. It will never assign value to a stock based on price that this stock had 3-4 years ago. This idea just sounds too ridiculous.
It should be also noted that PM sector is not cyclical, not in sense common for regular miners or any other commodity business. It is futile to count here on upward movement coming regularly every 3-4 years. Look at history: PM bull market ended in 1981 and next one started in 2003, 20+ years pause.
In my opinion, one should return to investment roots. Market basics always considered that PM investment is a hedge. You can keep small part of your portfolio in gold/silver just in case these strange and unpredictable commodities will suddenly start going up. It is too risky and costly to rely on “experts” continuously promising that gold/silver will for sure go up next month/year/etc.
In other words, getting rich quick (by investing in great gold play that will go to sky soon) is too difficult. One may succeed on stock market through hard labor and slow grind only. It is tough to swallow, but it is true.
the sound u will be hearing will be the sound of ur head hitting the floor. mess with the bull in these 3rd world countries & u get the horns.
16. and the price is at the same resistance point just AFTER the market crashed.
Now that it has retraced completely, does it count as "being priced into the market" when the fit hits the shan once again?
1) people are not holding a company to receive a possible / unlikely 50c dividend per year when the stock has gone done $5, $10, $20, or even $30 during several major down waves in the past 2 1/2 years. that is a total of only $1.5- in taxable dividends in 3 years.please. anyone who tells you you/they are in it for a dividend is either an idiot or is buying paas stock and/or options right now.
2) paas and others have been intentionally destroyed. the time to sell was in the $35-45 range - not buy there was very little upside potential at those prices and huge downside potential. the time to buy is now in the $9-10 range - not sell. there is very little to none downside risk at this point and very nice to huge upside potential.
3) the master players will very most likely finish all absolute selling (and corresponding buying of other sellers' shares) between right now and eom Oct. as is always the case great news always conveniently comes out of nowhere when they want you to bid up the stock prices. conversely any/all news keeps coming out of nowhere when they want you to keep selling and to capitulate to them.
4) imho and you pay your money and take your chances. wise guys always operate under #2.AC i see silver in the $27-30 range by late april 2014 or mid may.
Wowee what a lot of prose in all your posts. But it still remains uncertain to me how much of what you say, which is all known, is discounted with the stock down over 75% from its high. Not to say it couldn't get hit further, if silver keeps falling and if (when?) they cut the dividend.
recent paas down move showing very light volume considering its nominal position of a new 5 year low from a high of $45+- 2 1/2 years ago. unfortunately, INTENTIONAL gold squeeze taking everything with it. master manipulators may take gold down below 1200 to squeeze last suckers out right before turning metals around for good. mutual fund industry end of fiscal year on 10/31 means absolutely no one around to sell after that. i mean precious metal stocks have been TERMINATED. yet look at the earnings. bank of america wishes it could earn as much as some of the gold stocks. this is an intentional collapse of metal prices (signalled by the massive / immediate dumping of gold and silver in mid april, remember? ). what scares me is there are still 14 trading days before eoy to destroy our companies share prices even further that right now. ugh.
No, I think they will cut the divy because they cannot afford to pay it out while they are losing money. Its only logical that when a company is losing money or breaking even, that dividends are not payed. Q ending Sept they lost money according to the CEO during his speech at the investment forum. I think at 21 bucks they are in the red....so why waste money on a dividend.