Traded EXK when it had a rise this year and sold out to wait. Can someone identify the item listed as non recurring loss as to what is it? Does it reflect poorly on management? Price is almost at the level worth getting ready to buy.
Cash costs, net of by-product credits (a non-IFRS measure and a standard of the Silver Institute), fell 6% to $9.87 per ounce of payable silver, compared to $10.53 per ounce in the same period of 2013 as improved grades and recoveries offset the higher costs per tonne. All-in-sustaining costs per ounce (also a non-IFRS measure) fell 24% to $20.48 per ounce due in part to lower exploration and mine development expenditures compared to Q2, 2013.
The fact that gold was brought
Up and contracts will be called away is very bullish for next week
Hopefully silver will follow along
I could not agree more
Chart looks great...
Silver could hit $12.50 by Jan. 2015. Could get a blip up from here, however would not be a long term holder or in any way load up yet! Just a bit of advice. Take it or do your own dance. GL.
The price of silver is so low that some inefficient mining companies will fold. Of course it takes time and money to re-open mines. Therefore, what is the price of silver where EXK can make a profit or stay in business. Does anyone have the latest numbers. Going back about a year, this company was not selling all the silver it mined because they were hoping that prices will justify holding some.
I remember all the talking heads a couple years ago when gold was trading at 1800-1900 jumping on the bandwagon saying that was the place to be.....remember. Prices of all PM now are below the profit margins of miners, ya really think this is going to hold?
Sentiment is very low toward gold. Some see it as a contrarian indicator.
Do a search on the title of maybe copy and paste the url below if this does not get deleted.
Good article today....
So many silvers look less than awful today....a classic example, Alexco penny poop, trading DOWN FIVE PERCENT!!!!!!
And yet there is the EXK penny stinker, rising for NO reason whatsoever, except one....and I doubt my typical silver sector retardos will ever figure it out.
Answer: the gold/silver CALL WRITERS at the sleazy banks and funds are attempting to dump gazillions of new WORTHLESS EXK CALL options into the hands of clueless amateur DUPES, again!!
Last week on tuesday EXK closed at $531. Right now, EXK trades at $4.43. Down 16.57% in just one week. And what was the earth shattering news for miners to collapse? Oh yeah. The yen is crashing and the dollar is gaining strength. Nothing like fiat currency "printing" at the opposite sides of the earth to get physical metal prices moving down.
It's a new world where nothing is valued by free markets as central banks running our banking cartels can figure it all out for us. And so we precious metals investors just sit and take the pain....for now. GLTA
A little history lesson for the gold and silver BAGHOLDERS: Brad Cook, the chief exec behind the EXK mega bubble, trading at preposterous and obscene price levels RELATIVE to its DYING silver sector, happens to be the same WRONG WAY pumper behind the Canarc Resources tragedy, without doubt one of the great FAILURES within the USELESS gold sector.
Only the most ignorant amateur DUPES are taking long and call positions in DYING silver stocks today-- and EXK penny stink is amongst THE WORST OF THE WORST mega-BUBBLES I have seen in all my years of expert trading!!