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Silver Wheaton Corp. Message Board

clubfoolish 6 posts  |  Last Activity: Oct 22, 2014 8:19 PM Member since: May 7, 2001
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  • 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

    oops...sorry.
    *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.

    Conclusion:
    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 week...yahoo 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

    Yield:

    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.

    Thx!
    CF

    Sentiment: Strong Buy

SLW
24.00+0.53(+2.26%)Jan 27 4:02 PMEST

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