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Silver Wheaton Corp. Message Board

agtavy 41 posts  |  Last Activity: Aug 12, 2016 10:45 AM Member since: Nov 3, 2005
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  • Reply to

    Where did everyone go?

    by playablanca Aug 8, 2016 1:17 PM
    agtavy agtavy Aug 12, 2016 10:45 AM Flag

    Just go to main Yahoo finance page and search for grz.v. then click on Conversations. If you're using a mobile device you will need to click on Request Desktop Site after you get the quote.

  • Reply to

    Where did everyone go?

    by playablanca Aug 8, 2016 1:17 PM
    agtavy agtavy Aug 10, 2016 9:03 AM Flag

    On the new Yahoo message board. You're using an old book mark.

  • Reply to

    We wait

    by georgev164 Jul 7, 2016 5:24 PM
    agtavy agtavy Jul 8, 2016 6:26 AM Flag

    According to the most recent news release:

    "... the parties state that they have been engaged in settlement discussions for several months and seek an extension of time to allow those discussions to continue. Such an extension would relieve the parties of the burden and expense of briefing the appeal, and the burden on the Court to decide it, should the parties reach a settlement agreement. "

    It sure seems like we're very close It could be days or it could be months.

    Based on the previous very short extensions of the MOU, both sides had to think they were nearing the finish line months ago.

  • Reply to

    Did not know this detail

    by kry4hugo Jun 30, 2016 12:17 PM
    agtavy agtavy Jun 30, 2016 1:31 PM Flag

    Pursuant to Circuit Rule 28(e), Appellant Bolivarian Republic of Venezuela (“Venezuela”) and Appellee Gold Reserve Inc. (“Gold Reserve”) jointly request that the Court extend the current briefing schedule in this appeal by 60 days. Under the current briefing schedule set by the Court on May 6, 2016, Venezuela’s brief is due on June 15, 2016, Gold Reserve’s brief is due on July 15, 2016, Venezuela’s reply brief is due on July 29, 2016, and final briefs are due on August 19, 2016. The parties respectfully request that all briefing deadlines be extended by 60 days. In support thereof, the parties state that they have been engaged in settlement discussions for several months and seek an extension of time to allow those discussions to continue. Such an extension would relieve the parties of the burden and expense of briefing the appeal, and the burden on the Court to decide it, should the parties reach a settlement agreement.

    WHEREFORE, the parties respectfully request that the Court extend the briefing schedule by 60 days and grant such other and further relief as is just and proper

  • Reply to

    What would you prefer?

    by agtavy Jun 30, 2016 9:30 AM
    agtavy agtavy Jun 30, 2016 12:50 PM Flag

    All good points. I guess if we receive the award in full, the company could disburse it over a period of time. While the company has said they intend to pay out essentially all the award to share holders, they didn't say how long it would take.

  • Assuming VZ pays GRZ the award, in full, would you like to get the full dividend all at once or would you like to see it paid out, say, quarterly? Getting it all at once sure would be nice, then it's behind us without any uncertainties.

    Or would it be better for a structured payout? This would provide some stability for the stock price. Having potentially tens of millions of shares of an illiquid being being suddenly sold post-award could devastate the share price. Instead, any selling should be more orderly over a longer period of time.

    It wouldn't be a surprise if Doug is pushing, or even insisting, that VZ's payment be done over a long period of time.

    It wouldn't bother me if the share price dropped significantly. I would add more at the discounted price.

  • Reply to

    Today is the day

    by lakeeder5560 Jun 21, 2016 7:00 AM
    agtavy agtavy Jun 24, 2016 9:55 AM Flag

    For that long, with no specifics and no real news.

  • Jun 24, 2016
    VANCOUVER, June 24, 2016 /CNW/ - Trading resumes in:
    Company: Gold Reserve Inc.
    TSX-Venture Symbol: GRZ
    Resumption (ET): 8:00 AM

  • agtavy agtavy Jun 23, 2016 9:47 PM Flag

    priester, we don't know the details of the deal. Doug has generally been quite shrew. It just depends on how many concessions he makes, which depends on how desperate (not the right adjective) he is to get this deal. On the other hand, VZ may be the more desperate party, willing to concede to inkthis deal.

    Whatever happens, I believe one way or another, we will get the what we're due from the ICSID decision.

  • agtavy agtavy Jun 23, 2016 7:03 PM Flag

    "We believe..."

    Three days of silence and locking out trading for that?

  • Reply to

    how long before we hear something?

    by lakeeder5560 Jun 23, 2016 11:40 AM
    agtavy agtavy Jun 23, 2016 1:31 PM Flag

    Shutting down trading for 3 days and counting is bull$hlT. What the news is at this point doesn't matter. No investor should be denied the right to buy or sell something they own for this long.

  • Reply to

    Happenings in Ven, in this mornings news

    by adam_bgi Jun 22, 2016 10:17 AM
    agtavy agtavy Jun 22, 2016 10:42 AM Flag

    This news doesn't warrant a trading halt, IMO. If this is the reason, the company should simply say so instead of having an indefinite trading halt and a news blackout.

  • Reply to

    Today is the day

    by lakeeder5560 Jun 21, 2016 7:00 AM
    agtavy agtavy Jun 22, 2016 9:17 AM Flag

    The deal should be signed or not. All or nothing.

    PR wouldn't have to list all the details in the agreement - just that the agreement was signed, and add a few highlights of the deal.

  • Reply to

    Today is the day

    by lakeeder5560 Jun 21, 2016 7:00 AM
    agtavy agtavy Jun 22, 2016 8:24 AM Flag

    The company knows there is news pending. They voluntarily halt trading for this news and don't release the news they have, regardless of what it is..

    If this is merely another extension of the MOU, there shouldn't be another halt. Every company has news and they are not consistently halting trading.

  • Reply to

    Today is the day

    by lakeeder5560 Jun 21, 2016 7:00 AM
    agtavy agtavy Jun 21, 2016 10:04 AM Flag

    VANCOUVER, June 21, 2016 /CNW/ - The following issues have been halted by IIROC:
    Company: Gold Reserve Inc.
    TSX-Venture Symbol: GRZ
    Reason: At the Request of the Company Pending News
    Halt Time (ET): 9:47 AM

    It'll probably remain halted the rest of the day just like before.

  • Reply to

    Decision Time.

    by trickable555 Jun 17, 2016 11:30 AM
    agtavy agtavy Jun 18, 2016 11:54 AM Flag

    The company has said the legal route will continue to be pursued while the JV deal is being discussed.

    Imagine during all these months the holdup is the value of the mining data. You know VZ wants it for as little as possible. And imagine after perhaps months of negotiations they finally agree on a price. Then imagine VZ wanting to discount that price by 45% - GRZs portion of the JV.

  • Reply to

    Big Volume Day

    by trout4444 Jun 15, 2016 1:34 PM
    agtavy agtavy Jun 16, 2016 10:24 AM Flag

    You might be right. I hope you're right but there is no guarantee on the value of the mining data. There is only one potential buyer for that data so there is no real market for it.

    Company press releases have never stated or even inferred its value. They only mentioned several times the price would be agreed upon later by both parties. That was intentionally vague.

    I could see Doug potentially heavily discounting the value as a concession to get the agreement. I don't expect to get the several hundred million dollars that was spent acquiring that data.

    Remember, too, that anything we willingly get from VZ will most likely be paid via loans which come after the deal is signed. As the company has said, there is no guarantee on getting financing. Then we're back to asset seizure.

    Just trying to be realistic.

  • Reply to

    Big Volume Day

    by trout4444 Jun 15, 2016 1:34 PM
    agtavy agtavy Jun 16, 2016 7:21 AM Flag

    There were two block trades (350k and 375k in) that accounted for more than half of the day's volume for GDRZF.

    Smart Money probably believes it's fairly valued here. My estimated award payout is realistically around $5 per share with a maximum of around $5.60.

    For the stock price to be discounted from the award estimate is to be expected.

  • agtavy agtavy Jun 10, 2016 8:50 AM Flag

    You're right kry4. I missed that. I would expect Doug to have reached out months ago to some big players for financing.

    To have worked so long and hard on the mining and business side of this colossal deal while ignoring the financing side would be out of character.

  • agtavy agtavy Jun 9, 2016 4:00 PM Flag

    I can't imagine that's not already done and in place. Everything hinges on that - GRZ's award and mining data, VZ's ability to construct a mine and VZ getting $2 billion in general funds to turn things around.

    There should be some big players involved.

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