EXK got caught in a downdraft, big-time.
Didn't notice til just now, but that's OK, not a good day to watch too closely.
The bankers like to whack gold and silver hard on long 3-day weekends, and they did.
Oh well, they were not able to shake many of the longs on the COMEX,
In silver there is a large open interest even though the price is low.
I'm going to buy a silver coin on ebay tonight, my small revernge, GLTA
Hey, thanks Bill, now I got one full time job and another part time job, so that's my retirement plan, kick it up a notch now while I still can, so that one day I can kick it back, ease into retirement, and if this hits five buck, yeah, that would do it, or if EXK hits $100, yep that would work, or both, well that would definitely seal the deal. I think CRCUF could hit $2 in a couple of years, that's a long time, if it goes up gradually most folks won't even notice. Another nephew of mine had a boy, so gonna set up an account for the little guy, buy a few hundred shares of EXK and 10k shares of Canarc Resources, got 5 nephews, and two of them have fathered a couple of boys, they all seem happy having only boys, guess it could be much worse, so anyway, with CRCUF my strategy is just buy it and forget about it! GLTA.
Precious metals are still a safe haven, but they come in and out of favor just like everything else. Right now they are out of favor. Part of that is they represent a threat to the US dollar; gold is really a currency, it represents money. The Fed likes to be in control of the money, so they like to be in control of the price of silver and gold. The bankers rigged the Forex markets and the LIBOR rates because it was profitable, they also like to rig the price of the precious metals because they profit from doing so. IMO it's not personal. Bankers have morals, at least some of them do, unless it is about money and then they don't.
It makes it a very challenging time to mine gold and silver. The best miners are the ones that focus on the things that they can control, like keeping costs down and margins up. It is not easy to find PM miners that are focused on the right things. I think that EXK is such a miner. Some of the EXK management team are also involved in managing Canarc Resources, CRCUF. That one is much more speculative, but while risky it can be fun and profitable to speculate. All JMO, GLTU johnhayden, and GLTA.
I like the stock, like the management, not sure how we get to the next level,
but thinking we will get there somehow,
got a full time job starting soon, which is good,
first full-time job in a long time, 7 years,
just been getting by doing part-time stuff
so time to reenter the work force in a big way,
gonna be full-time, and still got some part-time stuff too
need to stay busy earning some money
thinking not gonna retire off CRCUF shares anytime time soon
yeah, if you hate the stock and hate people and hate metal and hate the metal producers,
then remember to please show the hate and give this post a thumbs down ;-(
so true, Mr Market hates it when Mgmt does anything
oh well, the stock will bounce back, that's what it does
nice day to do something besides watch this stock
The company put out a press release today saying they bought some land adjacent to the Rosario Mine in Chihuahua State, Mexico. Here's part of the story:
The La Bufa property covers 2,311 hectares over a nine kilometre length along the northwest trending El Rosario vein system which produced approximately 2 million ounces (oz) gold and 28 million oz silver according to Mexican government records. La Bufa surrounds the El Rosario historic mine owned by Endeavour and is in turn surrounded by additional Endeavour properties totalling 54,872 hectares.
considering how beat down silver is...
the miners are holding up OK too,
better than expected actually
could be much much worse...
i like silver because it is a monetary metal,
and it also has a myriad of industrial uses.
When the world realizes that we are still in a recession
but more like a depression
silver will do better than copper, zinc, etc., JMO
but you can't eat silver, or drink it,
and the Fed can't create it out of thin air,
so some folks hate silver,
really hate it passionately!
OH well, it gives some great pleasure to hate this stock,
it cleans up the board if you put them on ignore
yeah, think they are looking to swing some kind of deal, hard to say what kind, or when, but things seem to be progressing, got drill results on Windfall Hills coming out, got the stake in SFEG, some other stuff like the gold bond that makes no sense to me, oh well, i don't have to understand it all- looking to add more shares on weakness, plan to buy more shares for my nephews kids, 3 boys, 1 is brand new, maybe CRCUF will amount to something at some point, good assets, good management, i like the stock
I like that they bought Luna gold, that makes me want to buy back in and get some SAND shares.
SAND can make money on Luna and use that to purchase more streams. It's all about making money.
I think Sandstorm might acquire Metanor Resources, it trades for next to nothing, if SAND bought it, they would get it cheap, and they would make a lot of money with that company too. That company has been driven into the ground with LOUSY management. The assets are solid.
wouldn't necessarily say back up the truck
but agree that silver is at or near a bottom,
and there's only one direction to go from a bottom
so even though I wouldn't say to back up the truck
would agree that today is a day to buy on this pull-back
EXK is doing a lot of the right things,
they have almost completed the turn-around at El Cubo
they are focused on keeping down costs,
and of growing the reserves and resources,
and on doing it all safely, the company is focused on the right things
wish they would do a deal to start mining gold in Canada but oh well
they seem happy to mine silver, which is OK
that's why I like the stock actually, and they aren't allergic to gold
very bullish on silver here
looking forward to the CC
Sentiment: Strong Buy
Nice article, thanks for posting. The author thinks the stock is going to go up 50-100% over the next 1-2 years, and I think it will do better than that. They will have San Sebastian coming online by that time, and they will continue to expand the 3 mines they have. He also thinks GPL could be acquired by EXK, which I have thought likely for a long time. They have a big mine in Guanajuato, next to Bolanitos and El Cubo, and their other big mine in near Guanacevi. They have never been able to keep up with EXK, and they are serial underperformers, so GPL fits the EXK model as a possible take-over target to become the next turn-around story. I remember hearing B Cooke saying he admired what Archer had done at Great Panther, and I definitely got the impression he would be interested in acquiring it. Acquiring GPL would certainly consolidate a large section of the Guanajuato district.
The author doesn't talk a lot about Guadalupe y Calvo, but it's been mentioned by EXK management as possibly being mine #4 or #5. Now they are counting on San Sebastian to be mine #4, so Guadalupe y Calvo would be #5. I think it has a lot of promise.
This stock has been on a tear, so maybe it is due for a pull-back, but think it's a little crazy to say that the stock is way overpriced here.GLTA
Sentiment: Strong Buy
I hope the Windfall Hills drill results are a home run. I think things will heat up here. Not sure if mngt is focused on acquiring another mine right now for Canarc, they got to restart production at Santa Fe and explore Windfall Hills, so that's more than enough to keep them busy this summer and Fall.
Think if they can report some really nice drill results later this year, then that could go a long way to boosting the stock price. And we got a nice interest in Santa Fe, eventually we might sell that stake to fund development of New Polaris/Windfall Hills. We got honest management who are working hard. I like the stock a lot. GLTA
Sentiment: Strong Buy
can't believe I'm replying to anothrer ottohuber post...
this stock, EXK, is not overpriced relative to its peers, we have greater revenue than primero mining, and the stock trades at a two dollar discount to PPP, we have a much lower price to sales ratio than AG, and Brad Cooke is without doubt one of the best CEOs in the sector, yes, he's the Chairman of Canarc Resources, and true, that stock has not done much for many many years, but they did a big deal a few weeks ago with SFEG, Santa Fe Gold, and I think CRCUF is worth nine cents, bought more shares of it last week, sure, it's speculative, it's not for everyone, like ottohuber for example, but i like it GLTA
Think you sold too quick there, but oh well, you didn't lose everything, so that's good
it's not all bad
that's all JMO, who knows? GLTU
yeah, i like the stock, so what if the stock has done nothing for decades, that was before the deal
the company is doing a lot more now
compared to before the deal is like night and day, JMO
and it's going to take time, but the CRCUF/SFEG team will figure out a way to boost production
and get things progressing,
now CRCUF hast got this current interest in SFEG shares,
they will figure out a way for CANARC to benefit from SFEG,
and they got the other nice assets in Canada,
i think they get over the hump now with the SFEG deal,
another step closer to ?
lets see what the windfall hills drill results look like
At some point Canarc is going to figure a way to develop their Canadian assets
Sentiment: Strong Buy
Yeah, I've been following some of these juniors for years, perusing varoius message boards, and I can't recall bosar ever liking a junior miner. Sure, a lot of them have management issues and all sorts of other issues too. Obviously bosar is very informed about the company, and he also very knows a lot about the sector. But it seems like he's always negative about all of the juniors. I know he never liked BRD, and for years they were a bad investment, but their CEO Wade did eventually turn things around IMO, and then they got acquired by Primero. Some of these juniors are being bought. I see that Elgin Mining is being acquired. I think that STADF will be bought, perhaps by Primero, it has a big land package next to the BRD property. CLGRF is a speculative play that is in the midst of a turn-around, it might be bought in a few quarters if things continue to improve.
SFEG was sort of acquired, could say it got rescued by Canarc. I think the two companies will each benefit from the deal; they were both in a bad way before the deal, and now they each have a lot more going for them. Sure, it's still speculative, but they were each even more speculative plays before the deal. It's still a crapshoot, I admit. But Bradford Cooke took Endeavour Silver from just an idea in his head to a company with about $300 Million in annual revenue today. He's done it before, maybe he can do it again, with the two-headed monstrosity that is CRCUF/SFEG.
Some of these miners are just too cheap, but that's JMO. I think Metanor Resources is too cheap, Think Canarc Resources is too cheap. Think the SFEG share price is is about where it should be, it had really taken a hit, but it's come back a lot. GLTA
Hey Williams, totally agree, either they keep rates low longer, which is good, or if they raise them sooner because inflation is creeping higher, that's good too. It's all good.
Silver and gold are being held in check as we near options expiry on the COMEX
They can't seem to drive the prices much lower, seems like geopolitics is helping support gold and silver.
Look how SFEG has made a monster move after the Canarc deal was announced last week, it's more than doubled. Why not, they have a great management team in place.
I need to put otto on ignore, he's one of the cretins that appear at the end of each month to cheer on the TBTF crowd, the gold/silver suppressing bankster manipulators who are above the law and accountable to no one.