I have such a feeling we are seeing a wave of new short selling. And these short sellers are likely to pay very dearly for that activity. This is not a normal market, this is a broken market. Derivative structures are about to come down.
You would think BMO would put out there recommendation a few weeks before or after the CDE announcement. Not much credibility here, we recommend it only so we can be the seller if they need to raise funds!
BMO pumping DYING silvers and golds????? ROFLMAO CLUELESS FOOLS!!!!!! No small wonder that smarter market pros nicknamed them the "Bowel Movement Organization." ROFLMAO ROFLMAO
actually you can use a comparative chart and find out what coeur was when your numbers get hit-coeur would be quite explosive if gold stabilized at those levels-or just a gold chart get the month and year and pull up cde chart and check coeur on those dates-- for the year cde should produce 40mill realized silver equivilent--back of envelope 10mill realized seo's a quarter -AISC is 13.73 every dollar silver goes up is 10 million a 4.00 bump to 17.73 is 40mill per quarter to the bottom line
Based on your post...I can see the best thing to happen for us is for the price of silver to rise. I believe we will reach $18 plus in silver prices this next week and perhaps close in on $19....if this were to happen, at silver $18.50, we should see a share price approaching $10
Fingers crossed :-)
mining is expensive there are two ways to fund other than profit
debt with it interest and share dilution-i have never minded debt for accretitive projects or producing mines -as long as your adding cheapp ozs
- a float of 150,mill can be lived with its in line with paas,first majestic
coeur has the board approval to create 300,million shares -this is called shelf registration-they used portions of that to acquire paramount
,a portion to pay off bonds at a discount lowering debt and saving 5 mill a year in interest
this agreement with bmo at todays prices would be lets say 9 million and would raise 75,mill in cash-often times that dreaded word dilution is used to pay down debt saving interest or for an acquistion or it just sits its only an agreement with bmo to work through them when-coeur bouyght wharf mine with 100mill of debt but its extended mine life and added aover 800,000zs and 90,000ozs of production-a very good deal--it will be interesting when and how this LITTLE agreement goes- i often talk to i/r i'll ask--but don't worry things are getting good- remember management is very concious of coeurs cash position-- and has to plan for worst-ive been in cde since 2009-coeur recently monetized several nsr's for about 24mill in cash and shares-
this will cause a flutter but it hasn't happened,its small 5% of float-- any other questions
Thanks for educating me on the par price of .01 Sorry for my negative post towards you. What impact do you see this to have on our share price? Based on your responses to my post, I would have to say it increases our number of O/S thus effecting share price movement, however, it enables CDE to expand, right?
A shareholder does not want to see more share added to the number of O/S nor do we want to see more debt. Perhaps this $75,000,000 could be viewed as a "good" thing. Your thoughts please
coeur is authorized to create 300,000,000 shares voted by board and filed with sec -this is called shelf registration that allows cde management by its own discretion to sell shares independently or through agents-ti sits--- it is just autorization so management can act immediately if it wants without going before the board- examples shares used to purchase pzg,shares used to pay off bonds at discount-,shares to pay incntive plans
i'm afraid itis you who can't read its 75,000,000 dollars that roughly 9.5 million shares at todays prices-bmo doesn't get shares at .01 but at market or what coeur states-this is just a deal with bmo so when coeur chaoses itmoves the shares through bmo on market or as private placemet-aggerate means combined total of $75,000,000-the .01 value is standard when coeur prints shares
Lexg is the biggest smile am ever,been very careful,I personally played it in a 4 day time frame,originally got in at like 1.75 played L2 watching the trades and flipped it approx 15 times and stopped when it was 6$ it whento on for 2 more days to 10$,once it hit 10.25 Exactally, it crashed in like 30 seconds to .90 yes .90 CENTStons of people got abliviated.
Did you even read it edmundaronson 75,000,000 shares valued at .01 per share...that equals $750,000
Hell....this stock just traded 6 million shares at $8 a share!! Get a grip...stop trying to scare people. We traded $48 million in shares here on Friday alone. CME is talking about using the $750,000 to pay for services.
This stock will continue to rise next week.....why? 2 reasons...It was just upgraded...and the price of silver will go up. Enjoy People....we'll hit new highs :-)
up to a combined price of 75mill-10.mill.6months later 20mill up to a total of 75 thats max-right now about 9mil lshares would be about 76,million dollars---blue mountains timing was perfect got 14million shares for 54mill in debt but rember when coeur did this gold prices and silver prices werekilling the market that debt saved 5mill of the preciuos cash coeur had toride out the marketthat monetizing of nsr's was i assume for same reason-so as bad as it looks now it was money management at precious metals lows-
the price of metals was at a critical stage for coeur with possible sub 1000gold and 12.50 or under silver
if it stayed there for a few quarters could have destroyed whatever cash balance cde had-coeur printed shares got discounted bonds saved 4/5mill on interest
bluemountain got stock they only have half left, i would say they were the shorters-i think one half went to cover short position-blue mountain is a hedge 20 billion managed money in league with jp morgan chase-ceo had 10yr career there before founding bluemountain-it was nice cde had 300cash for preciosa that helped survive this bear market and remember the loan that bought wharf-mbli-there is a tax deal with mexico that profits will stay in country,so i suppose palmarejo profits will be used for preciosa,expansion at palmarejo-you know there was a time hl ceo got called to ny
the time line betrays me but a quarter later hl sold its quarter inventory for 40% under the realized price of all the other miner 16.00 vs coeur 22.86-greens creek on govt land and hl will need help to permit revett-a congressmen is promoting this mine now-whether these guys are complicit or just don't shake the banks and govt tree like sargent schulz" I SAW NOTHING"
He must have listened to those fast talking perennially bearish on precious metals types on CNBC!
Pity - Tomcat
i have never believed that the to major miners coeur and hl were notpart of the preverted fraternity-i always had questions abot a wharton harvard mba quitting the city and moving to coeur dalene-krebs was groomed for something and he said that a ceo for life wasn't in best interest of company- you can't buck the system for long look at the HUNTS-i talk positive and think cynical-do you believe the boz would lose control of real money or a key industrial metal---what country do you live in-