Many disappointed post earnings slide in 2014.
May be it is better to wait after earnings report discount to buy in.
CEO seems to enjoy thrashing his stock price with weak guidance and weak earnings report.
If that is not enough, he diluted the shares while the stock was threading water near the bottom.
AUY is only a buy after a 20% haircut from trading range top.
GS is the Real Terrorist that destroy avg Joe's stock return.
ISIS has nothing on GSis---- the amount of damage done to avg american investors..
Kingdom to maintain oil policy but oil up 2% after news.
The Kingdom policy is not always cohesive within the family.
Expect change after January.
Power struggle within family to follow.
Oil give away does not last forever.
Russians and shale oil producers will likely benefit from impending uptrend in pricing.
Didn't know he was the founder of Yamana.
I will look at Marrone in a very different light from now on.
Wish his $250M pay off 10 folds in the coming quarters.
Many see the $250M equity sale as a negative thing, but I suspect Marrone is trying to really ramp up production and need the additional cash to do it.
At $5M / year compensation, Marrone is likely not a irresponsible lunatic as a CEO, we will hear the guidance in the ER report for 2015 and how the $250M will translate into sales and profit.
In Europe country by country will peel off the Euro. China RMB is the big play in the coming months.
Imagine the tidal wave of events leading up to the eventual divorce from the dollar.
We are in a currency war.
Everyone except US and Swiss has devalued.
If US wants to compete in the export market and protect jobs, it will devalue too- sooner than we think.
Peter Schiff begins to seem very credible.
Especially when US constantly jabs at China from all angles and US QEs probably for the 4th time later this year. Also to protect RMB value and strong purchasing power if it is depegged from the weakening US$.
That will send gold into a much higher stratosphere in sustained fashion.
While oil price crashed, Marrone just guided All In Cost to be near $825/oz as if oil price savings (20% of operation costs) is immaterial to AIC.
Having Marrone at the helm watch all the cash and cost management,and we pay him $5M /year to sabbotage AUY stock price.... wonder if he is trustwortyh to not benefit from all the deals he is cutting without oversight (BOD is asleep with Marrone).
First - While Gold price was crashing in Oct Nov Dec, in the midst of it he HAMMERED the stock price by $1 BILLION charge off which he might have been able to phase it in over 3 or 4 quarters.
Second- whoever the buyers behind the $250M equity buy in could have bought the stocks on the open market Under $4.5 , may be average cheaper than $4.43/share they have paid.
Marrone really don't need the cash at this very moment while the stock price is trying to recover from the crash.
Marrone is clearly aiding short / Naked hedge to weaken AUY stock price.
Where is the BOD oversight????
Are they all in bed with Marrone??
Where exactly did you read the Feb 3rd back out date?
Most of us did not see such info in the press release.
1 day ago, $250M Smart Money bought at $4.43/share
They over paid 15% already or we are entitled to a 15% discount?
Buy with both fists !
Doesn't take much for things to reverse throttle up.
Especially angry Putin pull out some magic against Saudi oil
There is long list of possibilities, anything from
CIA and MI5 ( to blame it on Iran and Russia)
Heck - other OPEC members whom are upset with oil prices being crushed. + our own oil producers are getting crushed.
Sentiment: Strong Buy
They can't keep gold down much longer.
Too many major buyers:
Probably US + London Fix
Europeans like Switzerland + Holland + Germany etc
They all are wary of the collapse of Fiat Currencies.
Sentiment: Strong Buy
Putin's speech yesterday sounded angry and vengeful.... he will do something to disrupt the oil supply from Saudi.... not neccessarily military...... I am sure Iran will help out.
Are you just stating the obvious- no harm done.
People do what they are born to do.