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Pan American Silver Corp. Message Board

edmundaronson 492 posts  |  Last Activity: 9 hours ago Member since: Jan 4, 2009
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  • edmundaronson edmundaronson 9 hours ago Flag

    -that debt isn't due till 2021--coeur is getting closer to sept.-metals dictate and fed of course

  • the dreaded word - it seems coeurs, at the market agreement may dilute by 10million shares and coeur gain 75 million- coeur for quite awhile has been concerned with its cash position and have monitered it closely-the financial concerns and the threat of lower metals prices again may force cde to protect its cash position as cap ex at palmarejo and jualin continue-
    its tough to watch dilution of this sort not for property or an accretitive producing asset
    -it may be prudent but feels uncomfortable after last quarters 5mill for employee incentives and i realize that these guys are working harder and creativly during this slump but add in the bluemountain fund that held bonds that coeur bought back with 14.4 million too cheap shares,
    the pzg accumulation of a large land package and now cutting it in half to save on fees and taxes-it just feels like we gave away too much of company-not even a nsr on sleeper for the ten million we put in
    -and the dismemberment of coeur capital that cost the shareholders 23 million in shares for just the mux and dynasty nsrs and mux just starting to perform and sold for 5mill
    coeur capital was throwing off free cash flow like a mine-

  • edmundaronson edmundaronson 11 hours ago Flag

    that was 100mill to buy preciosa-mine run out of ore and there are few deposits of size that is why coeur outbid first majestc and not bu much but the cash did it-coeur is set to make 190mill in 2017 even at these prices-the shorts are getting creamed- but isn't nice to hear the other side--that potential dilution may be pro active-just in case moneythey will not let cash position get too low-

  • edmundaronson edmundaronson 12 hours ago Flag

    both hl and coeur have same amount of long term debt-and its not a mountain
    they used risky mines in mexico -not really
    coeur used 10mill cash to buy preciosa one of the largesrt silver mines in world
    kieth numeyer lost to coeurs bid
    paas had navid to build and bought a producing mie for 1.2 billion
    wharf alleviates cde's cash position as it is wildly profitable that one aquistion cash 99mill and the other aquistionis pzg all shares-
    the vp that left was from human resources
    donald smith sold a fraction of shares 22% and retains 10million
    this fund is short cde--i wanted you to read how language and half truths can decieve-
    little going nowhere mine- one of worlds largest pd for and permitted

  • claims vp fed the company -he was vp of human resources which teaches how managers an workers communicate
    -2nd claim institutional investor donald smith fleeing they sold 3 million shares but still retain 10 million
    then used the filing of agreement with BMO to raise 75 million-coeure has sold of some nsr's to add to cash balance ,they have said in past they would monitor this situation carefully
    "little going nowhere mine" meaning preciosa using quotes from paas jv and kieth numeyer as to being rejected by them -numeyer wanted this mine and lost the bid to coeur and paas bought a producing mine not a build with a jv partner orko
    then this is not little one of the largesrt deposits left mine ready and a 10nmillion oz producer-not little
    they kept throwing out 350mill but it was 100 mill in cash the rest shares
    mentioned wharf buy hurt cash position where it is the largest producer of free cash flow-
    google{ streetsweeper and coeur} to read what the short press writes
    good way to pick up negitive situations that they spin or just report

  • Reply to

    Ed what's your thought's on GARWF ????????????

    by mredlark May 28, 2016 10:18 PM
    edmundaronson edmundaronson May 29, 2016 2:20 AM Flag

    silver standard needs to keeo piquitas open-had a very nice move--don't follow this

  • Reply to

    kensington technical report-

    by edmundaronson May 28, 2016 8:47 AM
    edmundaronson edmundaronson May 28, 2016 4:55 PM Flag

    don't judge your position by mine-i added very low both shares and leaps--i not ready to start trading--i'm willing to share info butonly use wors like undervalued and rocketwith higher metals-and you saw the results of beng held down and oversold-i wonder if they will raid again with usa closed-

  • Reply to

    HL levitating down to more reasonable price

    by shulman_knows May 27, 2016 2:31 PM
    edmundaronson edmundaronson May 28, 2016 3:08 PM Flag

    raca-had an adult baptism-methodist church england-maybe you should examine youself and your phony spitual pride-read cs lewis mere christianity
    i think you need a proctologist-your talking out your---------
    and i don't suffer fools gladly-
    your out of touch with your inner anger

    who cares if morales is out the unions control potosi-

  • Reply to

    HL levitating down to more reasonable price

    by shulman_knows May 27, 2016 2:31 PM
    edmundaronson edmundaronson May 28, 2016 12:42 PM Flag

    insurance is prudent and there is allways risk-
    the mine has never been threatened by morales but the opposite, specifically excluding san bartolome-matter of fact no nationalization has occured and insurance has been cancelled-right idiot
    -coeur has 173 million in cash and monetized 24 million of nsr's-
    in 2017 coeur believes they will make 190 million in free cash flow from the efficiencies grade and new franco royalty
    -frazer institute ranked bolivia almost at the top of risky places to mine-but bolivia is stabilizing and come off the bottom, the mine has paid for i itself and coeur has minimized
    its % of revenue--and has a very solid relatioshiip with unions and govt--and is know buying higher grade material privately about 30% of production through its unique mill-they just bumped recoveries 10% adding oxygen to aggitation crcuit
    its only out of experience but the more this industry makes then any govt is a risk of raising taxes or putting a royalty on product that is mined from public land
    -usa tried to pass mining reform,mexico raised taxes and a royalty--try the frazier institute instead of scriptures
    -is moron an idiot or is it raca

  • edmundaronson by edmundaronson May 28, 2016 8:47 AM Flag

    never realized how many historic exploration targets there are- dotted around-it would be nice to extend this mine life further than 2020

  • Reply to

    HL levitating down to more reasonable price

    by shulman_knows May 27, 2016 2:31 PM
    edmundaronson edmundaronson May 28, 2016 5:38 AM Flag

    with similar production of realized SEO's
    coeur has higher revenues,hl has lower cash costs but the word is leverage- at some point in metals prices that advantage of hl disappears as coeur share structure kicks in at only 150million vs hecla 400 million-those higher revenues are because coeur produces 100,000 more gold ozs --hl has safer jurisdiction but has added mexico while cde has 3 mines in USA and 1 in mexico-hl has grade always a plus but it is 1.5 miles down,coeur had a r/s which unfit linked to management but they are all new with a new CEO although he has over a decade with company-coeur has a permitted drilled out world class deposit
    this project ready to build one of the largest silver mines with a 10million a year production in mexico-fit george is coseminded,does horrible research,t-lucky fri and greens creek and san sebastion and aries to change history to fit his needs,doesn't know much about mining even terminology escapes him-coeur deluted to buy pzg and pay off discounted bonds bough twith debt a producing,turn key gold mine in uas while hl diluted for a couple of copper mines with eviornmentalis and a long arduous permitting period still in front and a 522mill construction capex for montanore
    both companies have settlement issues and possible further litigation
    lucky fri,greens creek casa beradi and san sebastion-a very solid lineup

  • Reply to

    HL levitating down to more reasonable price

    by shulman_knows May 27, 2016 2:31 PM
    edmundaronson edmundaronson May 28, 2016 3:50 AM Flag

    cde does have a mine in bolivia but the companies exposure has diminished with 3 mines in USA and one in mexico.Coeurs mine in bolivia was rather unique ,it mined 400years of tailings a pure surface operation with no dynamite just move dirt.They are cleaning up and restoring the landscape.The political football was never aimed at coeur but at other miners,matter of fact coeur was excluded.Coeur worked with unions had initiated social reforms a school,hospital,fishery -the mill has been paid off and carried nationalization insurance.
    there was a time that bolivia produced a major portion of revenue its now a sliver and winding down-then there is mining friendly mexico that recently raised their tax rate which was unsustainably low.
    i owned alot of shares in 2009 bought at .56avg and i welcomed the reverse split
    .i had read and studied
    papers written on r/s and how they were succesfull if there was underlying economic support, just not cosmetic.
    the reverse split saved coeur
    it solved the delisting from NYSE,forced shorts and naked shorts to cover before the exchange of shares and that was a huge 60million position.After the announcement and previous to exchange of shares coeur went up from .36 to 1.70 as shorts fought to cover
    ,at tranfer date coeur became 14.40
    ,Bolivia was brand new,palmaarejo was brand new in production,
    institutions that could not buy under 3.00 piled in and had a 73% position
    kensington finally shook off the enviornmentalists winning in supreme court-
    coeur had three new mines ,started paying down debt, silver kept rising and coeur had a billion in revenue and a 38.00 shareprice-off course the bashers used the unfair stigma of r/s for cosmetic reasons but done with underlyiing fundamentals they and FIT failed to grasp the 85% success rate if done for right reasons-
    What is difference 10 shares at a 1.00 or 1 share at 10.00-
    cde has tremendous leverage to metals prices and a much smaller share structure-the r/s just smoke by idiot UNFIT

  • edmundaronson by edmundaronson May 27, 2016 4:02 AM Flag

    to be able to get this mine up and running ,no permitting problems with contract labor and leased mill
    this has rescued heclas balance sheet because of ongoing capital investment in lucky fri and greens creek
    obviously silver gold has helped but it was san sebastion that brought hl to break even last quarter
    this high grade deposit only has 18-24month life but in 2017 capex at lucky fri and greens creek should wind down-
    is this high grading at its finest or will hecla find more
    this discovery on land mined and permitted from the beginning got my interest and when they leased a mill they built this became a huge timelt addition
    not only does it have a low cash cost payments to labor and mill are in peso's

  • Reply to

    bought cheap but short term negative

    by edmundaronson May 25, 2016 4:23 AM
    edmundaronson edmundaronson May 27, 2016 3:22 AM Flag

    the coeur mine and mill cost 20 million to build started commercial production in 1976 in 1992 silver prices fell to 3.93 in 1992 forcing coeur to put coeur mine galena and calday mines on care and maintenence-galena and caldaty were acquired when callahan mining merged with coeur in 1990-these assets were were transferred to new company silver valley in 1994 and later sold with silver at 7 bucks-it couldn't make money with 30dollars silver-coeur and callahan settled with cercla on this grouping of mines 3 mill cash and 2%nsrup to 3mill for a time frame of not more than 15 years-coeur mine and mill cost 20million had to go on care and maintence in 1992 and sold in 1996 along with galena and calday -us silver is still not making money today-while coeur bought rochestor for 20 mill and became largest us silver producer-celcla after a 768 dat trial had hecla at 31% asarco 21% and coeur settled with us govt c and cercla for 6mill in cash and nsr ---you don't like what history shows -coeur settled voluntarely with callanhan 280,000callahan and 70,000 coeur-the tribe belived callahan only 1% at fault-what was it worth with 7 dollar silver-your not buying that coeur didn't contribute it settled with cecla and us govt- by 1996-take it up with them how they came to figure coeur/callahan settlement-78 day trial,100 witnesses and 16,000 pages of transcript i'm sure these people has access to information to judge settlement amounts-coeur contributed but you don't like how much but the govt and cercla set this -

  • Reply to

    bought cheap but short term negative

    by edmundaronson May 25, 2016 4:23 AM
    edmundaronson edmundaronson May 26, 2016 3:48 PM Flag

    your concern about cde and its contribution was not the finding of the tribes or us govt or cercla and was just a unfounded allegation with no basis
    i don't care but the enviornmentalists do-the result being fought and refought by their relentless belief and distrust of 120million tons of mining waste encompassing 600acres and restrained by a 300 foot dam -after mt polly maybe they have a point as it is being built on glacial tailings
    i posted this has a 522 million production capex that you of course thought to challenge with 3000ton per day mills using casa beradi and then after realizing that was foolish ,you attempted again with 3000mill at galena that was copper silver but didn't check the grade 22ozton vs 2 oz silver for montanore
    -this is a huge long term mine that is going to have huge legal bills,lobby donations,extra staff,land taxes,maintence G&A and a two year evaluation period then a bankable feasibilty study and hl will have to borrow or hopefully it takes so long they can earn the money-
    175 million was spent by the two previous owners so as a long term project great but it will be costing monet without being accreatitive for maybe a decade-montanore is a copper mine with silver byproduct- nothing wrong with that-when discussing miners i read technicals reports news and presentation not the scriptures-everything in its place-

  • Reply to

    bought cheap but short term negative

    by edmundaronson May 25, 2016 4:23 AM
    edmundaronson edmundaronson May 26, 2016 9:17 AM Flag

    make up your mind first its casa beradi and 3000ton's per day then you get corrected,then you slide or slither over to galena 3000ton per day and get corrected on grade difference from 22oz per ton to 2ozs at montanore then you state your intention was that plans change of course thats why a further evaluation of two years and a bankable feasibiliy report--this is first of all a copper mine with 2oz of silver per ton-this is a bulk mining operation-how ever they optimize this, it is a expensive project,,time consuming and with high legal costs- i take the time to read a pea technical report ,i take the time to research rock creek,i take the time to LOOK AT ENVIORNMENTAL ISSUES while go on about jewish law and rabbis
    dumb and dumber meet dumbest

  • Reply to

    ceo mines management

    by edmundaronson May 26, 2016 5:15 AM
    edmundaronson edmundaronson May 26, 2016 8:11 AM Flag

    there is concern since polly diasater as the cause was being built on glacial tailing
    the planned montanore, dam is also on glacial tailings

    how different from san sebastion with no purchase price up producing with leased mill and contract labor in a year even if san sebastion is a burst it came at just the right time--

  • Reply to

    ceo mines management

    by edmundaronson May 26, 2016 5:15 AM
    edmundaronson edmundaronson May 26, 2016 7:47 AM Flag

    this gets huge a tailings dam that has to contain 120millon tons of mining waste in perpetuity
    the tailings dam 1o30ft long 360ft high and have a footprint of 600acres-get the size of that fit

  • edmundaronson by edmundaronson May 26, 2016 5:15 AM Flag

    "Montanore will be brought into production"
    "it is important to remember projects of this size have very long lead times
    "the project will need 2 year futher evaluation and a bankable feasibility study this would require the hiring of 25-30 workers by mid year"
    this should be looked at as a positive for investors-this is a 522mill construction capex-lucky fri and greens creek still have cap ex requirements till 2017 and need a breatherto replenish capital
    so long term positive short term a non accretitive expense
    san sebastion is the big winner and rescued hl's balance sheet and has 18-24 months of high grade
    exploration is key here to turning this short term source of cash into a longer term mine

  • Reply to

    Thoughts on Today HL drop

    by silvertoro2001 May 24, 2016 9:23 PM
    edmundaronson edmundaronson May 26, 2016 4:58 AM Flag

    subjective as to hiring. also construction -ceo stated a two year further evaluation and bankable feasibilty report and this would necessitate 25-30 workers--do you have trouble reading you just seem to miss so much,do you have to edit in an attempt to make your point

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