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iShares Silver Trust Message Board

sakhaneft 9 posts  |  Last Activity: Jun 7, 2016 7:39 PM Member since: Jan 6, 1999
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  • Reply to

    And Now We Are One.

    by cschroeder757 Jun 6, 2016 5:50 PM
    sakhaneft sakhaneft Jun 7, 2016 7:39 PM Flag

    meant miners in general...SSRI is free cash flow positive and making money...but not much. My point was that gold needs to go higher to see gains as at these gold prices we are overvalued by a lot.

  • Reply to

    And Now We Are One.

    by cschroeder757 Jun 6, 2016 5:50 PM
    sakhaneft sakhaneft Jun 7, 2016 7:37 PM Flag

    do u look at #s...free cash flow, earnings? You should. Doesn't matter where they were trading in 2007, today they are all overvalued and making no money at these metal prices. Im long many shares, but realistic.

  • Reply to

    And Now We Are One.

    by cschroeder757 Jun 6, 2016 5:50 PM
    sakhaneft sakhaneft Jun 7, 2016 1:30 PM Flag

    anything is possible in markets so Im not foolish enough to say that it cannot go to 15...It can also go back to 4...u simply never know.
    I agree that the bottom is in and PM's are the place to be...I have been following the sector for a VERY long time and know it well.
    I have been well rewarded this year ( finally ) in my biggest holding AG, my second SSRI and PAAS as my third as am up 200% this year on these 3 combined as did have some leverage at play mostly in AG. I have removed all leverage now as did sell some AG at 10 ( cost 3.32 ).
    All I am saying is all my miners are overvalued to where the price of gold/silver are presently so we need the metals to move.

  • Reply to

    And Now We Are One.

    by cschroeder757 Jun 6, 2016 5:50 PM
    sakhaneft sakhaneft Jun 7, 2016 12:03 PM Flag

    I doubt very much its going up 50% in a few months. I actually predict a summer of up and down and hopefully not lower than 9. Gold needs to break 1300 for good for us to see further momentum. Stock is not cheap on valuations and free cash flow.

  • Reply to

    And Now We Are One.

    by cschroeder757 Jun 6, 2016 5:50 PM
    sakhaneft sakhaneft Jun 6, 2016 9:52 PM Flag

    Im over it...and added a ton of shares at 5.80 so doing very well...just saying they overpaid UNLESS real new reserves are proven...so its up to management now.

  • Reply to

    And Now We Are One.

    by cschroeder757 Jun 6, 2016 5:50 PM
    sakhaneft sakhaneft Jun 6, 2016 8:46 PM Flag

    Im still upset that SSRI management payed so much for so little..Claude shareholders very very lucky.

  • Reply to

    17% haircut in 2 days...

    by thestockmaven May 19, 2016 11:46 AM
    sakhaneft sakhaneft May 20, 2016 3:35 PM Flag

    I would never EVER buy anything in South Africa...incredibley corrupt and huge problems with workers..been burned in that country once in a private deal and had to deal with massive corruption...be very careful.

  • Reply to

    17% haircut in 2 days...

    by thestockmaven May 19, 2016 11:46 AM
    sakhaneft sakhaneft May 20, 2016 1:38 PM Flag

    Sandy, I agree with you on SSRI, its my second largest holding after AG....but Id rec SSRI over AG as AG ruin has been insane. The one drawback on SSRI is if the neighbouring silver deposit proves to be non economical, its 10 mil oz producing asset will be shut down shortly...thats the risk.

  • Reply to

    Stock Certificates

    by stkhntr May 13, 2016 8:42 AM
    sakhaneft sakhaneft May 13, 2016 12:47 PM Flag

    stock certificates are expensive to replace if they are lost or stolen. I assume you are asking because you do not trust your brokerage in case of bankruptcy...or you don't want others borrowing your shares to short.
    If those are your concerns, simply tell your brokerage to deliver your shares to direct registration..for a fee your shares will be removed from your broker ( street name ) and put in your name into Direct Registration ( Computershare )...this is essentially the same as having paper certificates except they are electronic.

    Your negatives are...if you want to sell...you need to re deliver them to your broker in order to sell...so this takes about 3 days...also you do not get leverage on your shares.

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