Sat, Apr 19, 2014, 4:44 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Goldcorp Inc. Message Board

  • mac_happy_70 mac_happy_70 Aug 18, 2005 1:12 PM Flag

    262,000 bid 1.24 on NXG, ????

    SOMEONE POSITIONING

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "Kemess N. should be permitted withing the year, and not being permitted is what's keeping NXG a 1.25 stock."

      It is not the permitting of Kemess North that is the problem, Nick, it is the economic viability of Kemess North itself ... it is just not that good ...

      And while Kemess North looks close to Kemess South on the map, it is not so ... it is over the mountain and in a different area completely and will require its own infrastructure, etc which will not be cheap and at present hardly justify doing so ...

      Why do you think it requires separate permitting ... it is a whole new ballgame there ...

      The permit just says it's OK to mine, it does not build the mine ...

      Yes, for the next 3 years NXG will be a fine producer and money maker and for a near term trader like me, it is a good stock ... but until the economics of Kemess North are more clear, it is not a long term stock nor is it a desirable acquisition target ...

      Regards ...

      jc

    • "1. Life of mine is to short ...

      2. Kemess North is not permitted ...

      3. Copper content is 40% of revenues ...

      Regards ...

      jc"

      Kemess N. should be permitted withing the year, and not being permitted is what's keeping NXG a 1.25 stock.

      KS is on track to produce 80,000+ oz of gold a quarter for the next 10 quarters. That is plenty of time for permitting of KN, which holds an additional 4million oz of gold.

      More importantly,

      As for the revenue split between cu and au. A 50/50 revenue split doesn't change the percentage cu/au revenue GG already has in place. In fact, at 40% of Kemess revenues, it would actually reduce the percentage cu/au that GG has now-- albeit by a small amount.

      I think NXG may not be the perfect match for GG, but it is on sale right now, even with gold so high, so a buyout by GG is not only plausible but highly possible.

    • "about El Limon, do have any "feel" for how that might affect the share price of GG?"

      I suspect it will be negative for the share price to start mainly because the price for the rest of El Limon will be high ...

      Telfer has way overpaid for every single acquisition, "at the time" ... however, the rise in the POG and in copper and silver as well in the time after he made those overpriced acquisitions has made them look like utter bargains and Telfer looks like a genius, lol ...

      So, I expect Telfer will have to pay top dollar now for the rest of El Limon and the market mavens will moan and groan about overpaying, yadda, yadda, yadda and the share price will take a bit of a hit ...

      If the share price does take that hit, mortgage your lungs and buy more GG because the full Guerrero gold belt is a company maker and will be a cash cow when in operation and the price of GG will go higher than you ever imagined ...

      But first, they need the rest of El Limon ...

      jc

    • JC should you be right about El Limon, do have any "feel" for how that might affect the share price of GG? I mean JP Morgan issued their sell rec based on possibility of new purchase. But my "feel" is that it is such a good fit, good synergy with existing properties that the market would see it as a positive use of GG's funds and bid GG up.

      Bo

    • "do you think they'll take an out of work blacksmith?"

      Not a chance ... not unless you can speak French and then Quebec will take you in with open arms, set you up on welfare and free medical ...

      Mining in "friendly" Canada ain't so easy, Joe ... look at the problems MNG, one of your picks, is having trying to get a permit that will enable them to talk to somebody about getting a permit to apply for a permit ... and the strength of the Canadian dollar is beating the crap out of mining in Canada as the POG in Canadian dollar is the same as it was 2 years ago but operating costs are up greatly resulting in lower margins ...

      For now, Mexico looks like the place to be ...

      Give mt regards to Queen Camilla ...

      jc

    • Pip thinks there's to much hassel with Mehheekoh, there's big border problems and lots of corruption down south and growing political tension. GG'be smart to stay in Canada, maybe buy up some miner like mng or clg on the cheap or many other possibilities. There's so much trade friction going on, unhappiness, people can't wait to point the finger at somebody or group/country, right or wrong is of no concern to us, this is the trend. If I was a gentleman I'd advise T to stay at home and keep his enemies close, but I'm not, so Pip will have to suggest it. Course, we're from the Queen's Country, I hope you Canadians don't consider us foreigners...maybe there are some mines left in Scotland, but they are kinda like Quebec to us,...uh-oh, my thesis is getting blown out of the water, better move to Canada to get things straight. I saw some advertisements for foreign nationals to come to Canada, but I think the add was directed at Chinese and Indian engineers, do you think they'll take an out of work blacksmith?

    • "But I was thinking of an immediate purchase, in addition to this Mexican venture"

      If GG acquires El Limon, there will be no money left for any other purchase ... in late 2003, Wheaton paid $41 million for that 21% of El Limon so it is reasonable to expect that the remaining 79% will be at least in the $200 million to $250 million range ...

      And that is just the property, there is still a mine to be built ...

      Alumbrera cost $1.2 billion 10 years ago so putting the full Guerrero gold belt into production will take all the GG cash and credit available ...

      But at the end of the day, Goldcorp will have reached its objective to be a 2 million oz/year producer ...

      Regards ...

      jc

    • Yes, Johnny, you already explained this once, and well done, too.

      But it's not easy to believe that Telfer would not have a plan to pick up that other 79%, as also someone said.

      And it's so similar to the Argentine property, it's a natural.

      But I was thinking of an immediate purchase, in addition to this Mexican venture, and SOMEONE needs to come in and fix things at NXG, I think. The NA situation gives one pause, and one wonders if that lake is the only place they can dump their cyanide.

    • I also do not want Telfer to over pay for El Limon ...

      There is also the possibility that El Limon could be added a few years down the line once Los Filos/Bermejal is up and running smoothly ... and no matter what, GG still owns 21% of El Limon so it ain't going nowhere without some GG involvement ...

      But Telfer paid a lot for that 21% and it has been dead money for some time now and I would hate to see it continue to be dead money for another 5 years ...

      Yes, there are other properties and opportunities, but El Limon is just such an ideal fit that it is jumping up and down yelling, "Hey Ian, me, me, me, me ... !!!!

      Good trading, Dan ...

      jc

    • Johnny, I agree El Limon is the first priority but Telfer has been saying that for a long time and it didn't stop him buying Amapari before he got it -- and Amapari will be a very nice addition in the 4th q. this year, and a GREAT one when some additional reserves are announced.

      So, there is no need to get overly drammatic, El Limon is the first priority but if Teck wants TOO much, then other things should come first. I'll trust Telfer and Co. to know what is too much as they have done very well so far.

      There are other possibilities too even in the Guerrero gold belt. Grupo Mexico has holdings near Los Filos and Bermejal and they might be more willing to sell than Teck. Again, Telfer and the folks in Mexico are in the best position to judge.
      Daniel

    • View More Messages
 
GG
23.60-0.21(-0.88%)Apr 17 4:01 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
AsiaInfo-Linkage, Inc.
NasdaqGSWed, Jan 15, 2014 4:00 PM EST