Man, I gotta tell ya with this stock jumping $ 1.20 on pre-market and back to .30 on news like today it just SMELLS of manipulation. I'm beginning to think buying gold coins is the only way to circumvent the out and out criminality and disdain these so called market makers have for the law. Our so called government watch dogs are a collusive joke.
Let's see the spin doctors and Wall Street thieves reaction to this.
CDE has been taking broadsides for awhile now. Good to see you over here too Edmundaronson.
Just curious. I bought Pershing earlier this week a good part due to the fact CDE had bought into the company. As I understand it Pershing is a "near" producer and of course CDE is/has been coming into it's own as a producer. Geo, do you think, as I do, that CDE is a bit of a combination of a major producer with junior assets such as Pershing AND a company with strong drilling potential?
You are correct but the concession still has a great deal of drilling left open. In addition, there is a good mix of silver, copper, and moly that are likely to mitigate costs per oz. IMO PVG is not just a quick hit stock but one that might be traded in and out of while holding a core position more many years.
Sold RGLD at 96.00...bought back in at 63 so there's a good way back to the old high. Same with PVG but both stocks will eventually make the old highs look penny ante. Both are no-brainers in terms of preserving wealth in the face of fiat money implosion.
A PM laggard was sold today and Pershing Gold was bought as a replacement. A significant part of that decision was/is CDE's stake in that company. Piggy-backing one or two of their jv holdings takes advantage of their inside knowledge and expertise one would think.
It is understood CDE is adding ounces in the ground, which is one of the reasons I bought Pershiing gold this AM, what I would like to see is a percentage of their silver concentrate be set aside with the anticipation of much higher prices to come.
CDE appears to have made some astute moves in acquiring properties at fire sale values. From a layman's/common sense perspective it just seems to make sense to stock pile.
"The Gold Report" with Louis James quote "It (PVG) just announced results from the Cleopatra Vein where it reported 2.5 kilos--not grams, not ounces, but kilos of gold over the thickness of over 5m. The article goes on to cite silver, copper, and moly as part of a very big deposit.
Evidently Yahoo doesn't allow any cut and paste any more as the article is worth reading in it's entirety.
Basic fundamental common sense says to hold part of your production when the prices are lousy. In fact, it would seem good business to set a percentage of every oz produced and set it aside in a rising bull market like this. Now, the question is: does CDE management have common sense?
It has been my speculation that ETF's have hurt gold miner share prices due to the fact they offer an alternate way to hold a stake in gold without holding in one's hands. The old laws of supply and demand appear to be moving to the forefront according to a number of articles I've run across recently. If this is indeed the case we just may be in the very early stages of seeing a shortage of physical gold igniting the "owner ship" of physical through owning shares of the companies that have in-ground supplies. In short, it just may be we're on the cusp of seeing a recovery/catch up phase of the PM shares.
The grades they are finding are "exceptional". Bruce Jack in particular and Snowfield projects are near Seabridge. This Mine Web article makes me wonder about deeper exploration drilling for those projects.
PVG nicely in the green relative to most PM miners today.
CDE reports extensive drilling around existing production sites for some time now but a web search has not brought up any newer material. Increasing readily accessible production reserves seems like a veteran move which makes a great deal of sense. Is it possible management is withholding information for a more advantageous release? With silver prices artificially suppressed wouldn't it make sense to stock pile a certain percentage of ore, processed or not?
Today's drill announcement strikes me as highly outside the norms. You each offer distinct perspectives that would be greatly valued by those of us seeking insight into the value of this company and the import of today's press release. Respectfully asked and submitted. Thank you.
If he isn't stilling living with mommy and daddy he will once the banksters are through using him for bung fodder.