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Yamana Gold, Inc. Message Board

goldmanpillageandsack 483 posts  |  Last Activity: Dec 26, 2014 7:32 PM Member since: Apr 27, 2010
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  • Reply to

    Going sub $1.00?

    by goldmanpillageandsack Dec 14, 2014 12:29 AM
    goldmanpillageandsack goldmanpillageandsack Dec 26, 2014 7:32 PM Flag

    Interesting that we did not fall through the dollar mark as oil collapsed and end of year tax loss selling occurred. Mildly optimistic...

    Sentiment: Hold

  • Reply to

    Where is goldmanpillage?

    by thoughtfulman Dec 16, 2014 6:44 PM
    goldmanpillageandsack goldmanpillageandsack Dec 21, 2014 11:15 PM Flag

    Absolutely optimistic on Yamana. With its asset base and the ridiculously low share price, entry or building a position is simply a no brainer.

    With oil and the other commodities at such low prices we find ourselves in a Negative Real Interest Rate environment. That alone is a good indicator, but when you add the currency war to the equation, you have the makings of a new uptrend in gold prices and share prices will follow.

    Yamana is an ultra low cost producer and is well positioned...

    Sentiment: Strong Buy

  • Reply to

    Putin's Shinning Hour

    by michaellevine10022 Dec 16, 2014 8:50 AM
    goldmanpillageandsack goldmanpillageandsack Dec 17, 2014 4:30 AM Flag

    Thoughtful posts! Cool! The crushing of Russia via the oil and currency slam down shows the power of the banks to be outrageously strong.

    Sentiment: Strong Buy

  • Reply to

    Where is goldmanpillage?

    by thoughtfulman Dec 16, 2014 6:44 PM
    goldmanpillageandsack goldmanpillageandsack Dec 17, 2014 3:56 AM Flag

    Hi guys, and thanks for the comments. I have indeed "gone walkabout" (relative to posting) as is said in Australia and I seldom spend any time posting now.

    The crushing of the commodity stocks has been relentless and I've doubled down and tripled down several times as I maintained and built an overweighted position in the miners and oil producers.

    My long positions will eventually recover, but some large option positions on AUY are deeply underwater as they are January 2015, 2016 and 2017 calls that I rolled down to or purchased outright at the $5.00 strike.

    Travel, a great new relationship and investing in high end real-estate are taking up more than all of the time I had been spending researching and writing about the precious metals market. It's a wait it out game for me as I collect the minimal dividend while watching the time value of the options evaporate.

    Pricing of Yamana and the gold, silver and copper miners remains irrationally low and new money placed in Yamana will be richly rewarded over the next two to four years. Watch for serious consolidation in the industry as the giants gobble up the weak or crippled by debt juniors and mid tier high cost players.

    Enjoy the ride!

    Sentiment: Strong Buy

  • Reply to

    Going sub $1.00?

    by goldmanpillageandsack Dec 14, 2014 12:29 AM
    goldmanpillageandsack goldmanpillageandsack Dec 16, 2014 1:50 PM Flag

    Great sense of humor! "Prince Saif Faisid the 55th" ;-)))))))))))

    Sentiment: Hold

  • goldmanpillageandsack by goldmanpillageandsack Dec 14, 2014 12:29 AM Flag

    Well, well. It looks like tripling down when I did was not such a great idea! Looks like we are going into the pennies again. Yikes!

    Sentiment: Hold

  • Reply to

    Leaked Waitangi Info

    by kflowers1012 Sep 19, 2014 8:46 AM
    goldmanpillageandsack goldmanpillageandsack Dec 6, 2014 6:39 AM Flag

    Good move!

    I'm in a holding pattern and watching the end of year tax selling take it down another level… Management is a disaster… The worst part is that they have easy oil to drill for and the infrastructure to transport it… Instead, they hire inexperienced drillers to drill deep and expensive failures.

    Of course, now that oil has fallen 35% they are back to drilling the easy stuff in order to maintain falling production…

    Garth is a putz! He should have drilled at Cheal until he delivered on the promised 5,000 bopd and then used the revenue to hire experienced drillers for the deep stuff.

    Sentiment: Hold

  • Reply to

    Reality check

    by goldmanpillageandsack Oct 7, 2014 7:19 AM
    goldmanpillageandsack goldmanpillageandsack Dec 6, 2014 6:26 AM Flag

    Seems that you should consider the reality of this company's results instead of their projections...

    Sentiment: Hold

  • Reply to

    Production at 1,990 boepd

    by don_t_panick Nov 13, 2014 7:42 PM
    goldmanpillageandsack goldmanpillageandsack Nov 18, 2014 10:44 AM Flag

    Geee thanks! That is the amended version… At the end of last quarter they were producing nearly 2,000 bopd in the last month of the quarter with the prediction that they would produce 2,000 or more. It's almost comical that they raise production at the end of the last month of every quarter.

    Of course, this is a continuing miss of the promised 5,000 bopd they promised us a few years ago. BS remains BS… At least the share price is recovering a bit.

    Sentiment: Strong Buy

  • Reply to

    Production at 1,990 boepd

    by don_t_panick Nov 13, 2014 7:42 PM
    goldmanpillageandsack goldmanpillageandsack Nov 15, 2014 9:20 PM Flag

    Yeah sure they will… What happened to the 2,000 bopd they were supposed to average last quarter?
    Another miss for the liars at TAG Oil...

    Sentiment: Hold

  • Reply to

    Trust Me, There's Blood in the Streets

    by ihave_rythm Nov 5, 2014 4:00 PM
    goldmanpillageandsack goldmanpillageandsack Nov 6, 2014 10:38 PM Flag

    Thanks, The real reason for not posting is that I am traveling quite a bit these days.
    Yamana remains a steal at this $3.50 level...

    Sentiment: Strong Buy

  • Reply to

    Trust Me, There's Blood in the Streets

    by ihave_rythm Nov 5, 2014 4:00 PM
    goldmanpillageandsack goldmanpillageandsack Nov 5, 2014 6:21 PM Flag

    There certainly is blood in the streets, some of it is mine! Yamana has gone from being one of my favorite long term hold/options trading stock to a nightmare position in only four short months. I am shocked by the stock being crushed like this. The last week in particular has hurt and now I see that it has become a much smaller percentage of my portfolio. This allows me to double down at this $3.50 level and drive my long cost basis down to $5.28. Sucking eggs on my options positions… Sheesh!

    Sentiment: Strong Buy

  • Reply to

    Where's the other 50,000 ozs?

    by goldmanpillageandsack Oct 30, 2014 10:41 AM
    goldmanpillageandsack goldmanpillageandsack Oct 31, 2014 12:32 AM Flag

    This makes no sense to have written down C1 when they think they will fix the problem. PLUS not sell 50,000 ounces of the gold they produced. Yamana had been a great performer in the past for owning shares and selling covered calls on them. Now I find myself with 9 years of trading gains nearly wiped out.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Oct 31, 2014 12:21 AM Flag

    There could be a take under in the works. Management has made some strange decisions lately and if the C1 mine was just being put on maintenance until the carbon problem was fixed, there would have been no reason for the write down of the asset. Adding to managements questionable decisions is the 50,000 ounces of unsold gold for the quarter. Where is it? What is management thinking by holding so much inventory?

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Oct 30, 2014 10:41 AM Flag

    Did anyone else catch the fact that they produced 391,000 geo's but only sold 340,000 geo's leaving 50,000 ounces unsold? This has happened to a lesser degree in previous quarters but never to this extreme. Anyone offering an explanation?

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Oct 29, 2014 10:48 PM Flag

    I have not read the whole report yet, but the impairment charges go way beyond what one could have anticipated. Management had previously not alluded to problems at Pilar and Ernesto/Pau-a-pique. So they blindsided us with the C1 Santa Luz shutdown and now are declaring impairment charges on all three…

    Revenue and the dividend were within my expectations and now Yamana is going to yield abut 3%.

    My options are what you could call "underwater" and I am going to have to decide when to add to the position, close it and take the tax loss or simply wait things out. I will hold the long position for sure.

    I'll be listening to the conference call tomorrow and looking for some better news.

    Sentiment: Hold

  • goldmanpillageandsack by goldmanpillageandsack Oct 29, 2014 7:07 AM Flag

    Revenue estimates are still too high as Yamana has telegraphed production of 390,000 geo's. At an average sales price of $1,275 for the quarter that yields $495 million in revenue. The items that could shift that are currency adjustments and sales of previously mined metal that were moved into Q3 for some reason. Estimates are $538 million which is simply unrealistic analysts setting them up for a miss.

    Earnings are a different story, with the cost of fuel falling and mine plan sequencing yielding lower costs. I see .07 - .08 for a solid beat of the .05 - .06 estimate.

    In other earnings considerations, I'm looking forward to the exploration report and the mine opening decision on Cerro Morro. Hopefully there will be some news out regarding Agua Rica but that is a bit premature...

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Oct 26, 2014 11:47 PM Flag

    In the bizarre world of gold trade we see that there is now less than 28 tons of deliverable gold at the COMEX.

    In the real world of gold trade in Singapore, 51.5 tons were delivered last week alone! So yes, the COMEX only has three days worth of deliverable gold when compared to Singapore's weekly delivered volume.

    Everyone knows that the COMEX is nothing but a paper market like London where the same contracts are traded back and forth in whatever volumes are necessary to set the price. The nations that are accumulating gold have no desire to challenge this structure as it allows them to acquire gold on the cheep.

    Sure, there is power behind the COMEX and LMBA supplied by the Fed's free money policy. But sooner or later the danger of using that power too forcefully and in blind ignorance of the physical takedown going on in Shanghai will overwhelm the price fixers.

    This confidence game will not be sustained once Shanghai can not obtain and deliver physical gold.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Oct 26, 2014 11:01 PM Flag

    Exactly, Yamana's Agua Rica mines Copper and Molybdenum alone is worth 6X the entire market cap of Yamana. Do not be surprised if China buys the Copper/Moly side of the asset and Yamana keeps the Gold Silver portion of the mine.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Oct 23, 2014 10:35 AM Flag

    Yamana is an obvious choice since China is funding the construction of the railway through the mining district where Yamana's huge Agua Rica mine is located. While the railway completion and mine production is 4-5 years out, I see it adding shareholder value in the near term as well because of the probable sale of the mine or outright purchase of Yamana.

    Sentiment: Strong Buy

AUY
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