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Silver Wheaton Corp. Message Board

clubfoolish 5078 posts  |  Last Activity: Mar 20, 2015 2:11 PM Member since: May 7, 2001
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  • clubfoolish by clubfoolish Mar 20, 2015 2:11 PM Flag

    for my first time ever, I chose to buy options last week.

    I bought these two:

    HL Jan2016 $4.50 calls

    HL Jan2017 $4.50 calls

    small size long term bets, bought near what I think is the bottom in the PM cycle.
    I was a little nervous setting up my acct to buy options and then going through with executing 2 purchases, but time will tell.

    still holding my ~25,000 HL long at avg of $2.4x

    been buying chunks of 100 ozs physical silver every time the banks shoved paper spot under $16. have quite the stack now.


    Sentiment: Strong Buy

  • Reply to


    by bongermain Jan 27, 2015 10:11 PM
    clubfoolish clubfoolish Jan 30, 2015 10:09 AM Flag

    I should add here that although I refrained from buying any more miners last year...I *did* capitalize on the paper-driven selling pressure hit to physical silver by accumulating more stack.
    now have just around 7000 ozs safe and secure.
    If they manage to drive it under $16 again, I'll trade more fiat for more real physical money on every artificial hit.

    Sentiment: Strong Buy

  • Reply to


    by bongermain Jan 27, 2015 10:11 PM
    clubfoolish clubfoolish Jan 30, 2015 10:05 AM Flag

    Hey B,
    Long time me no check in here either.

    I agree with your above assessment (of course I do, because it's been stated by the 'brains' of the outfit here that we're lovers). lol children.

    I haven't bought any add'l on this latest hit down to $2 last Fall, but my Mom has been. She started accumulating more when it dipped under $3.25 --- bought a bit at roughly 3.15, 3, 2.85, 2.70, 2.55, 2.40, 2.25, and unfortunately stopped there. I should have been buying then as well, but i figured my 25k at an avg of 2.4x is good enough for the next ride up.
    My Mom's avg is now under 3.6x, and it's only that high because she bought some at 5 and 6.

    A shame...I used to be up some ~500% on this (which is now up only ~25%), and 800% on my SLW (which is now only up 160%). I believe it'll get there again within 1-2 years, and can stand on my head longer than that if need be.

    anyway, ciao!

    Sentiment: Strong Buy

  • Reply to

    HL stock value, 2009 vs 2014 - 2 parts

    by clubfoolish Oct 14, 2014 12:32 PM
    clubfoolish clubfoolish Oct 22, 2014 8:19 PM Flag

    *NOT* SLV (never buy SLV,)...
    meant SLW, as in Silver Wheaton

    Sentiment: Strong Buy

  • Reply to

    HL stock value, 2009 vs 2014 - 2 parts

    by clubfoolish Oct 14, 2014 12:32 PM
    clubfoolish clubfoolish Oct 22, 2014 5:14 PM Flag

    back to $2.30 today, same as July 2009, when silver was only ~$13/oz and HL had *much* less going for it than it does now.

    Opportunity to load the boat again for those who want a nice ride with Divs over the next few years.
    I'd also load up on GG and SLV for similar reasons.
    buy at these lows, hold long and forget it.

    Don't forget to grab a few hundred ozs of physical Ag bars at these discounts also!
    Provident's got good deals each day, imo.

    Sentiment: Strong Buy

  • Reply to

    HL stock value, 2009 vs 2014 - 2 parts

    by clubfoolish Oct 14, 2014 12:32 PM
    clubfoolish clubfoolish Oct 14, 2014 12:48 PM Flag

    Fast forward to 2014, today, at a stock price of ~$2.30, silver price at $17:
    part 2: HL in Oct 2014:

    1. EPA liability paid in full
    2. Greens Creek debt paid in full (100% owned), production optimized and increased for years out...
    3. Lucky Friday back online fully, shaft #4 (high % increase to production starting in ~2 yrs) more than half built (and paid for)
    4. $500 million in new debt, paid for a nice high-end gold mine, which they are now optimizing and improving qtrly. Making payments easily.
    5. Own GC, LF, and Casa Berardi (gold); as well as large positions in several companies (like Canamex), and several large land area exploratory properties with now good drill results.
    6. cash on hand = ~$200 million
    7. 2 divs: regular and silver-based (above $30 spot)

    pretty good financial shape, with lots more potential than in 2009:
    Price = ~$2.30/share.

    If I had $50,000 free right now (as I did in 09), I'd buy another 20k shares

    Sentiment: Strong Buy

  • tried posting this for a would not let me post anything, so I'll try again now.
    HL was right at $2.30 as I wrote this:

    part 1: HL in 2009:

    The last time HL dipped to ~$2.30 (Jul 2009, where I bought my second pile, 20,000 shares), this was approx their condition, and silver was at ~$12-15 after having been crushed to $9 for a few months:
    1. They had a semi-obscured $400+ million liability due the EPA
    2. They had just bought the other half of Greens Creek for all debt at the top of the market price and all debt had frozen so that they almost could not refinance that note (which was required w/in 6 mos) and barely escaped bankruptcy due to that (that had driven the stock down to ~$1.25 where I bought my first 18,000 shares as soon as the refi was announced in Feb 2009). New debt ~$325 million.
    3. They had not yet optimized the Greens Creek production
    4. Lucky Friday was producing pretty well, but there was not yet any shaft #4 development; safety issues were brewing but had not shown yet.
    5. They owned no gold mines
    6. Their 'off' properties were early explore only, no hard data
    7. They had minimal cash on hand
    8. no dividend of any kind

    pretty bad financial shape, but lots of potential:
    Price = ~$2.30/share.

    Sentiment: Strong Buy

  • hypothetical: silver at a sustained $50/oz by Oct 2015

    I own 25000 HL shares still (down from ~55,000 in early 2011)

    bought at avg of $2.47 = $61,750 paid

    $50 Ag spot nets $0.225 div/share total (primary and secondary div)

    $5625 div per year


    61,750/5626 = 10.98%

    Also, at $50 silver spot, HL stock will likely be at least $12/share.

    My appreciation would then be:

    ($12 - 2.47)/$2.47 *100 = 386%

    Let's say it does that starting in Oct 2015, and my avg buy year would be Oct 2009 (I bought big in Mar 2009 and again big in July 2010), so that's a 6 year hold.

    Using no compounding, just simple math, my gain would be approx 64% per year, plus an ~11% Div on top of that from then on, plus whatever other appreciation accrues after that.

    That's why I just hold and wait. It's coming.

    In the meantime, I'm already up a few % per year and have received massive tax savings on donated shares and avoided any capgain taxes simultaneously.

    HUGE buying opportunity here at a meager ~$3.25+ per share. It's a *much* bigger, better company than it was when I bought at $1.30 and $2.30 and up.

    Sentiment: Strong Buy

  • Reply to

    Hecla Mining Silver-Linked Dividend Policy

    by fitt.mary Aug 9, 2014 4:44 PM
    clubfoolish clubfoolish Aug 11, 2014 10:53 AM Flag

    fitt.mary, if you could help me out here please...

    What would be the annual yield if the silver price sustained just over $50/share on a 25,000 share HL position bought at an avg of $2.47 ?

    please include the small first Div as well if you don't mind.

    It's just a matter of time now, so might as well look ahead a bit after 3 yrs of nonsense.


    Sentiment: Strong Buy

  • Reply to

    Mamma looks pretty shrewd about now...

    by clubfoolish Jun 24, 2014 9:58 AM
    clubfoolish clubfoolish Jun 24, 2014 3:22 PM Flag

    That's it? You're both an idiot and a fool.
    I thought you might come back at me with something a little more maybe a "your Momma's SO fat..." joke.
    But no, just your usual ignorant and incorrect tripe. At least you know how to apply apostrophes...I guess that's something.

    Sentiment: Strong Buy

  • Her "buy some more" directives recently at 2.80 and 3.15 are looking pretty far.

    It looks like silver crimex spot triple bottomed in the mid-$18s and have now broken out (a bit, tho not really strongly yet). Let's hope the massive shorts find some reason to start to cover...and then let's hope the masses come to their senses and finally start to draw down some of their ill-gotten-luckier-than-$hit-feb-bankster-pumped-up general stock market gains and put them somewhere safe, like PMs, as they should have been doing since 2007. Hopefully, they're not stupid enough to put their assets in ponzi bonds.

    As always, we'll see. I remain very long PMs and extremely patient, while accumulating a bit of everything PM on dips on a regular basis.
    Is 2014 the breakout year to resume the PM bull?
    we'll know once we see silver break out above ~$36 or so again.

    $3.40 is pretty remarkably cheap here, given the whacking PMs took for 3 years.

    Sentiment: Strong Buy

  • I mentioned a few weeks ago that my Mother told me to buy more shares of HL at 3:15. So I did (and not regretting a bit of it). Then I watched it get canned down to ~2.70 or so.

    Last week, she surprised me again and told me to grab some more under 2.80. So, I did.
    Her avg seems to be just above $3 now. She's waiting (as am I, obviously) for an eventual solid run-up in silver and a nice bump in her dividend payments from the HL silver dividend once it goes over, what is it, $25/oz?
    Either way, I'm sure she'll get nice appreciation over the next couple of years, with or without nice div payments.

    For my part, I'm looking forward to the year when I can start donating my $1.30 (2009 buys) and 2.30 (2010 buys) shares again...that's a big time tax boon for us when the price is $6-10.

    G'day sir.

    back to the weeds.

    Sentiment: Strong Buy

  • tax time, so she looked at her small acct (this mostly PMs acct) for the first time since last was down roughly 50% from the start (~4 yrs ago).

    She looked at the HL position and said, "wow, only down a few percent when everything else got hit really hard" (remember, her reference point is mid-late 2010 PM prices).
    Her: "Is HL still solid operationally financially and technically?"
    Me: "Yes, more so than ever actually".
    Her: "Ok, buy me another 1000 shares, let's average down a little bit and gain some future dividends".
    done just a few minutes ago, at $3.15

    smart tough lady.
    Our time will come.

    Do you hear that sound? It's the sound of inEVitability.

    Carry on - have a good day, week, year.

    Sentiment: Strong Buy

  • clubfoolish clubfoolish Feb 13, 2014 10:20 PM Flag

    It hurts the shorts even more on the way up as we retail folks keep buying 100 and 1000 share lots out from under their attempts to cover...and we HOLD them for later.

    Sentiment: Strong Buy

  • Reply to

    Up three days in a row?

    by bongermain Feb 11, 2014 10:07 PM
    clubfoolish clubfoolish Feb 13, 2014 10:17 PM Flag

    Hey K,
    Don't get too excited (yet)...we have a loooong way to go to reach fair value (for the entire PM sector). This 2+ year drubbing knocked the stuffings out of mass PM investor psychology. Only the most informed were able to stomach it and even dare to buy more as they put all these PM issues on fire sale (which they still are). That buying, as you just dared do, will pay off big as what's apparent to us becomes more transparently apparent to most retail folks. Most have zero clue (and I mean zero) about the true fiscal and monetary state of affairs over the past 30 years, only coming to a head in the past few yrs.

    Buy away, and please, resist the urge to take tiny profits (unless you *really* need the income), until we at ~double from today (that'd be over $6.50 in HL, over $40 in SLW and over $40 Ag spot)....
    and even then don't part with it all. When things go bad, they're likely to go really badly, and PMs ought to be a prime safety port in that storm.

    I'm looking to part with my 25,000 HL shares in maybe 10 tranches, beginning around $10/share on up in jumps, spread over a few years. Along the way, I intend to continue donating $10k chunks per year of my remaining pile of $1.30 tax will ever be paid on those.

    In the meantime, wake me up when Ag spot passes $32 again....this year.
    : )

    Sentiment: Strong Buy

  • clubfoolish clubfoolish Feb 13, 2014 9:44 AM Flag

    Since spot Au/Ag hit a double bottom low price in the 4th Qtr, I expect HL to:

    1. report a negative earnings per share 4Qtr
    2. reduce economically viable reserve ozs (they will, like GG et al just did)
    3. increase probable resources (shoving those old higher reserves down into the resources category, PLUS they always explore and find more)
    4. report lower revs
    5. report higher sales costs (higher energy, salaries, etc)

    That said, I think the stock price continues to go up from here (with the usual downdraft bumps....but trending higher). It's likely an early entry point for those institutions that realize the in-ground resources didn't just vaporize...they are simply being re-categorized temporarily due to temporarily lower manipulated spot prices....and they know this is changing monthly, now in favor of the miner's future earnings performance.

    pile in and wait, imo.


    Sentiment: Strong Buy

  • Reply to

    Up three days in a row?

    by bongermain Feb 11, 2014 10:07 PM
    clubfoolish clubfoolish Feb 12, 2014 12:03 PM Flag

    LOL DF, that lowlife ss is still here, eh? laughable idiot is all. It repeats the same drivel over and over as JPM steals its future, remaining blithely ignorant while he allows it to happen.

    You remember correctly.
    In fact, my HL stash right now is 25,000 sh @ $2.47 avg (down from ~50,000 sh @ more like a $3.50 avg in early 2011).

    My Mother's HL stash is only ~3000 @ ~3.1x avg, so she's doing just fine and enjoying collecting the meager Div while we wait for this PM fraud to turn up (as it currently seems to be).

    My other relatives and friends all have avgs between $4-5, and have all been *very* frustrated with the crime in they should be. I'm more like disgusted, but remain intact.

    The PM and dollar/bond scams will end, and ss will slither back into the slime from which it crawled...along with this newer stein repeato-idiot.

    have a great day and stay patient!

    and HEY BONGER!
    : )

    It's time to pile into these PM miners and ride them up for the next 2 years, imo.

    Sentiment: Strong Buy

  • Pinnacle Digest: Zn: bullish

    2014 is the year everything changes for zn. Since late 2012, some of the largest zn mines in the world have been shutting down (or preparing to shut down) primarily due to the fact that they contain no more economic ore. These world-class mines include:
    The Century Mine in Australia - largest open pit zn mine in the world
    Xstrata Zinc’s Brunswick Mine - largest underground zn mine in world
    Lundin Mining’s Galmoy Mine
    Lisheen Zn Mine in Ireland

    Over the last 18 months, the zn market has lost an estimated one million tonnes of annual production thanks to the closure of world-class mines.

    In fact, during 2014, zn production is expected to be eclipsed by demand for the first time in 8 years. And until 2017, the global zn supply deficit is expected to increase significantly year-over-year. This is bringing about new awareness to a metal that the developed and developing world can’t grow without.

    Brook Hunt of Wood Mackenzie “expects the zn price to average US$1.24/lb in 2014 and steadily climb thereafter, possibly challenging the previous high of US$2.08/lb that was reached in late 2006″ according to a report released from Wood Mackenzie in 2012.

    Zn currently trades at roughly $0.921/lb. In October of 2012, when it traded for roughly $0.84/lb, we wrote in Weekly Volume #287 “The reality that zn is heading into a supply deficit within 12-18 months is the reason we are writing you this week. We are not going to miss out on this opportunity.”

    Our report continued “Although zn enjoyed a few years of record high prices in the mid-2000s, thanks to a significant supply shortage, the supply deficit approaching is anticipated to be much more severe. For this reason, we believe hitting its old high of US$2.08 per pound is very realistic.”

    Given that the world is expected to enter a prolonged zn supply deficit, we expect the advanced-staged juniors and near-term producers to garner most of the attention from investors within the sector in 2014.

    Sentiment: Strong Buy

  • Reply to

    is mr club still long his shares, or did he bail?

    by cei1963 Nov 30, 2013 12:00 AM
    clubfoolish clubfoolish Dec 10, 2013 8:39 AM Flag

    Hi C,
    I've been away, sorry for the delay.

    Yep, still own them all (wouldn't sell a gnat's nut back to the bankster thieves that've artificially taken down the entire PM industry).
    Bought some more along the way to reduce my avg cost.
    GREAT buy price down here near several year lows, imo.

    Will start selling a bit here and there as AUNFF runs past $10 per, and not before (I'm fortunate not to need to, but understand if some folks have to due to timing of needs).

    btw, *everyone* should be regularly buying physical at these crushed prices, as often as possible, for at least a several year hold. Storm's a comin', as they say.

    Hang'll get WAY better, and maybe in not too much time, but we'll see.

    Sentiment: Strong Buy

  • stock price should be off to the races over these next few months...nothing holding them back from ramping up Shafter far as I know.


    Sentiment: Strong Buy

13.08-0.03(-0.23%)Jul 31 4:00 PMEDT