It's never "we have plowed through 30 million of private offering money in three years, only to come up with a bootstrap mine that you could cobble together in your backyard for 1/20 the price and in facts still haven't mined an ounce." it's always, "the bad banksters are profiting off innocent CIGAS."
The line item for Giancarlo's photo blog will be greater than any production expenses in the Q2 income statement.
What are the specs on the crusher? How is it powered, rating, etc...? just curious.
Sinclair wants it both ways -- wants to put a disclaimer on his JSmineset website as not financial advice, all entertainment ala Cramer after the crash--putting on the Ol' photoshopped picture of himself as Karnac proclaming gold is going to the moon on his birthday when he gets it wrong (oops!) AND having these deathly serious Q&A sessions with the blue hairs GOTS!
He's a creep in a bad suit.
Indeed-Sinclair's proclamation that he has all his eggs in the TRX gold basket (as that's how fortunes are made, according to him) is either reckless gambling or a big lie.
...Except that Jim Sinclair strongly encouraged people who would otherwise never have dreamed of going all in an obscure miner to do so. Especially those burned by the financial system in the crash, by:
-Creating a 'good person' persona w/ pictures of sheep, farm life, stories of how they deal with financial frauds in China, etc.
-Writing that he had 'CIGAs' best interest at heart & he would advise when to sell gold/gold equities
-Constantly minimizing the risks of commodity investing, risk of miners, etc.
-Flipping reality and calling junior miners safer than royalty companies or large companies
-Creating a sense of fear that the Western World would appropriate all a person's assets, even hard, non monetary ones--so that Tanzania, Tanzania of all places, would be the safest place to park one's life savings...Especially in a field where gold was in the ground, not in some vault where it could be confiscated, etc. etc.
Obviously, people should have done there own due diligence on TRX, Sinclair, etc.--This is where RELBO is especially interesting--unlike the friends of Jim--people whose careers benefited from shout outs on the Mineset, who made no effort early on, and only distanced themselves from Sinclair after he was looking like a complete fraud and loon, RELBO has been posting diligently, objectively, and fearlessly about the fraud that is TRX since the top of the gold bubble.
Hat's off to Relbo.
Everytime Sinclair takes out your gimpball and lets you out of the basement, you utter this #$%$. Make better use of your time.
CF Relbo's Dec 22 post (Cashflow): "Just trying to back into the $1,050,000 Free Cash Flow number it appears impossible....Sinclair has to come up with 3,850 ounces by March 31."
But: Per the MD&A, the company has 1,200 oz in ore (OK-I don't know the dif. between ounces, so I used 28.3g/oz)stockpiled as of Mid-January.
At best, you have what was in the MD&A: "Mining activities at South Pit continued during the first quarter, from level 1217mRL realising a stockpile of 3,307.5 tonnes ore @ 0.72 g/t Au (Low Grade); 1,957.5 tonnes ore @ 1.8 g/t Au (Medium Grade); and 5,163.75 tonnes ore @ 2.67 g/t Au (High Grade) for a total of 633 ounces which was hauled to the run-of-mine (ROM) pad.
ROM Stockpiles at the end of first quarter were 7257 tonnes @ 3.49g/t of High Grade (HG), 3083 tonnes @ 2.00g/t of Medium Grade (MG) and 3651 tonnes @ 0.76g/t of Low Grade."
let's not wait until earnings...
let's wait until stock is overripe technically (falling MACD, slow stochastic, touches 200dma)
let's tie this in with a verkakte gold forecast
glad it didn't work...
How did you enjoy Goldman's #$%$ this morning? "If gold goes to 1050 in 2 years, then KGC will not have FCF, so we are discounting it to x... SELL SELL SELL."
Thanks! very useful information. According to article(s), liquidation will be complete by 13 February.
Relbo has been a fabulous resource over the past 3+ years, providing analysis that has been spot on. Real name is absolutely unnecessary and 100% irrelevant, as all his (or hers--who cares) her arguments have been nearly 100% based on public records--SEC docs, NI 43-101s, (lack of) PEAs, and logic. Profitable and fun to see him (her) expose Mr. Gold as a charlatan.
There must be a handbook that paid posters go by in order to collect their salary. E.g. anyone negative on stock should be referred to as
-Vermin, cockroach, parasite, or other disease spreading organism
-female gendered pronouns and epithets to emasculate the targets
Humiliate as seen fit:
-by suggesting poster is a loser, poor investor, or has no life.
-appeals to logic
-fact based arguments
-price performance of stock
Encourage appeals to emotion
-"any day now"
-"shorts are scared"