they had no balance sheet. They were out of money and sold all their mining equipment to stay alive. Personally, I think they mothball this mine and go with the Rock Creek mine instead. Rock Creek has more mineralization. There is only enough water in the are for one of the mines.
why did they pay $30M for MGN but only $20M for RVM? RVM had no debt, 2 mines, and mining equipment. There is only enough water for 1 of those 2 mines to be built
or when he lawyered up, the lawyer said the Death Spiral would haunt him in court
Heck, I'll loan the company $100K if I can get 8% interest and 25% below the next funding round
The wildly popular 2014 Baseball Hall of Fame coin that propelled CLCT to $25+ saw less than 10K coins certified. They also had autographs and special labels though. The 2016 Commemorative gold Mercury Dime is up to 19K of the 250K coins certified. Many have special labels and autographs from a former Mint Director and from David Hall. This 2016 coin is the first of three in a special series this year.
So it is looking like this coin series will be more successful than the wildly successful baseball coin
yesterday was 22K and Sunday was 5K which is very heavy for a Sunday (Asia). I think I will buy more if this moves towards $18 in the next few months. My only hesitation is that it will raise my avg cost.
RVM with no debt, two mines, higher metals prices, and some equipment, sells out for $20M. Dobbs waits a little longer sells off his mining equipment, has a Death Spiral, and lower metals prices, sells out for $30M+. Now HL can decide which mine to pursue, Rock Creek or Montanore, and push the EPA along towards one.
The only + to RVM was they converted at $3 HL, now $4.24, so the $20M buyout is worth $28M. Still it seems Dobbs got the upper hand as he sold lessor assets for more money.
still have 1 week to go and we have been running at about 60K/week. there is a holiday coming though. May has the potential to be the second highest month ever. At 450K for the quarter already as well. I think we do 700K this quarter with the potential for more
First time I have seen the backlogs increase on the stats page in many months. Even during the RECORD prior quarter they were on target. Now they are increasing above their targets
when spanspur does not post, about 4-5 other ids coincidently also don't post. I smell a rat.
If Kanis were to remove his Death Spiral I might be interested in a small wager. until then, this is gambling, not investing
who cares GG? Longs don't like him either. Move on already. Stock is up 5% today. your buddy has barely made a dime after paying the dividend and borrowing costs over 18 months. If he's so smart, why can't he make money?
Both dealers and collectors came to the show in droves. This show is for PCGS club members only and selected dealers. Typically it is held in Las Vegas but was held in New Orleans this time. They have these member only shows about 6X/yr. Show submissions seemed high
no one will respond to you when you call us Uber Deniers and Stock Promoters
Should we call you Short Selling Skvmbags?
you really act as if you have never seen this game played before. It is because no funder will want to be second fiddle to a 25% discount. New money always needs to get the latest and greatest deal
will now convert at 71c. Interesting turn of events. Why would new money want to give preference to old money? This is actually good news for CDTI. Kanis needs to do the same. Even if it is on par with new money
what if they have put stuff up for sale and no one wants it? You assume they are just stupid. What if they are self aware but no one wants their stuff? Maybe they can't even give their stuff away. when Honda bailed, you should have all sold. The company was over at that point.