mbli-now that coal is gone,coeur has been doing exciting things for quite awhile with cost cutting,recoveries ,mine plans and exploration but silver/gold paper prices still dictate.In one respect coal kept harping earnings and untill pm prices tirn or deflationary forces bring down costs our earnings for several quarters be negative even with kensigton grades and rochestor,The fixes are in place and hopefully the market is forward thinking and corur has already been discounted.Also we have those extra 30million shares.What are your views-on earnings for next couple quarters.You may wonder why this topic,i think discussing things in open defuses the likes of coal.
what assets did they have then-what was their production-just curious, not being a wise guy--
gone to coeur,149mill because of infrastucture ,proximity and no franco royalty.The high grade do esse will cost only 15mill to get to production and its all shares-svbl before preciosa was cde's first choice,stll would love them to buy and keep preciosa on back burner--northair recently was in their sights but new management diluted cde's 18% and nsr----
maybe we can now get some informed posters that provide relevant info and ideas-hey fifty i think you scored and got to keep sleeper-there is so much good going on here under the hood but silver dictates and our assets depending on grade -4th quarter will have some bright spots with grade both rochestor and kensington and we did have some protective puts but pm prices are the killer,most of exploration positives are for further down road-in 4th i always worry about production and inventory overhang-smelters deliveries payments all seem slow at that time of year-so 4th quarter revenue gets hit and the overhang gets credited to first quarter-i post info on strategics ,exploration and any bits i pick up ,i communicate with other companies and have a positive bias toward direction of management is taking-so lets pass on as much info good,bad and ugly -
mbli-make that a silver ice bucket-hope that they find more and high grade at depth-by the way i have hels my minimum core position but have been on sidelines when it came to trading against momentum or add into my minimum and earliest buys-that was an abstract thought provoking post only-i would assume Krebbs learned his lesson -sorry if i offended you
i still have my original core purchase was just playing with this while on sidelines.I even called franco when rumor of pzg buyout came out in attempt to find out if they were in the mix---look at subject title.simply a piece of abstract thinking including buying them out.
meaning couer /pzg---what would franco take to be bought out-what could we trade from coeur capital---just playing-at 30 dollars silver preciosa nsr brings in like 10mill a year for two decades----
but i called franco re negotation way back at european gold forum------now franco has upped gold royalty once the obligation of 400,000 oz met-sept 2016 till then 50% of gold with a minimum production of 50,000ozs-also franco supplied 22 mill to develope guadalupe-with purchase of paramount and in 2016 there will be no minmum on palmareju/guadalupe and don esse and miquel are not bound to royalty-is franco feeling threatened by couers ability to mine just ore from don esse with no royalty because minimum has lapsed-what if coeur again renegotiates on whole package-franco has lots of money to kick in to protect it 50% of pal-lets say a substantial amt of cash and 25% of whole project at 900 or nsr on package----just wondering how franco feels about this deal
not ssri although the ceo has done a good job with,piquitas it is argentina,and pitarilla got refused permits and marigold was a good buy because of new equipment and they added resources,ssri has still a substantial position in pvg----ag great rep but was overpriced and over hyped not much cash and del toro has weighed them down a bit-one country one metal -they got hurt with royalty and silver --so it leaves cde with resources ,new management and some game changing discoveries with high grade-diversification,strategics and couer capital-debt from preciosa buthave a lot of cash ,have brought costs down,re negotiated franco bought pzg-
this deal closes in 2nd quarter the break fee is about 5 mill-30 dollars in a couple months -nice if it happens-
mbli-what if they were not impatient,what if metals stay lowish.This quarter is not going to be friendly to anybody-bolivia isn't making money,pamarejo will not be making money,preciosa is further away and when time comes how much cash will be left,the ability to have options and get palmarejo profitable may not have been impatience but proactive in this market-
zoso-coeur does own about 10% if you didn't know ,it was at one time their number one prospect but paas broke off jv with orko leaving preciosa available and they brought in phillips . coeur was backed up with its potential buildout and silver dropping while svbl was project ready so they started looking at northair ,a down the road build-timing i think svbl at .15 a steal 163million oz's with billions in zinc
pzg was always a buyout play where did they have to go, sleeper unbuildable-don esse vein only good for coeur the rest not viable at moment even with infrastructure ,who was going to step up-everybody holding cash and who would build --any complaints look at svbl .12,northair .07--cde is supplying 5 mill for non revoable nsr,this will fund further drilling and metalurgy etc.-the more that is found more cde gets worth-and actually produces--
Who cares about wheeler by shareholders you mean the 67% owned by institutions or you who owns no shares and never have ,go back to bothering gss board.
can between them produce 16 million oz,s of silver a year.---and thats for a long time -then you have rochesttor good for decades then there is kensington with new jualin deposit adding resources and rochestor new high grade adding to 20yrs worth-bolivia has been so quiet that almost forgot barts another long life----then as phillips stated joaquin at 6 million a year-not bad for a 4.00 stock