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Yamana Gold, Inc. Message Board

goldmanpillageandsack 239 posts  |  Last Activity: 12 hours ago Member since: Apr 27, 2010
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  • Reply to

    Scotland vote.

    by goldmanpillageandsack 14 hours ago
    goldmanpillageandsack goldmanpillageandsack 12 hours ago Flag

    Excellent post! I am traveling today and will tackle it more completely when I have the time. for the moment, I will address the takeover possibilities as at this valuation it is the greatest threat to obtaining the best return over a two year period.

    Four companies come to mind when considering the purchase of Yamana:

    1. Southern Copper
    2. Goldcorp
    3. Newmont
    4. Freeport McMoRan

    All four have the capital structure and the overlap of business interests to benefit.

    You certainly have a solid grasp of mining for a beginner! Plus you are looking at an industry that is obviously depressed and at or near it's nadir. More in the next couple of days.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack 14 hours ago Flag

    If Scotland says yes to independence. Will it destabilize the Euro and force the dollar up and hurt gold or will it demonstrate how fragile governments and fiat currencies are?

    To me, If Scotland leaves England, 90% of the oil income will also leave and the Pound Sterling will do a face plant. Next to succeed will be Catalonia in Spain, and the entire fabric of the EU will begin to unravel.

    My friends there say that they have the votes to gain independence, but it is the vote counters that they have to get past. Interesting times indeed!

    Sentiment: Strong Buy

  • Reply to

    Double bottom?

    by goldmanpillageandsack Sep 17, 2014 11:19 AM
    goldmanpillageandsack goldmanpillageandsack 14 hours ago Flag

    I'm sure they will step in and buy in size at some point.

    As for a strong tax base goes. The private Fed does not need a strong tax base when they can print money with impunity and manipulate markets to their will. No nation within SWIFT is safe from the Banking Cartel.

    If any nation is not politically in alignment with the Fed, their currency gets crushed, or worse the government is de-stabilized and divided. Then the arms sales are made to both sides and propaganda spread to incite fighting and mayhem. Without stable governments, resources can be plundered.

    It is unfortunate that they are so greedy because they could maintain high profits without being so hated if they were simply benevolent and interested in building society instead of dividing nations and disrupting governments.

    Then again, pathological people do not understand human suffering and do not have the capacity to perceive the harm they do.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack 14 hours ago Flag

    Looks like we have some capitulation happening this morning.

    The LMBA's price setting, or "FIX" is now at least partially managed by Thompson/Reuters whom we can trust as far as we can throw them. Price discovery is nonexistent at the CME and LMBA. We will have to see is the SGE is price discovery oriented or a price fixing entity.

    Scotland vote and the start of the SGE in one day with gold getting monkey hammered at the open…

    Bizarre world!

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Sep 17, 2014 10:46 PM Flag

    Is this on top of the $14 billion that was slated for infrastructure development?

    Sentiment: Strong Buy

  • Reply to

    Double bottom?

    by goldmanpillageandsack Sep 17, 2014 11:19 AM
    goldmanpillageandsack goldmanpillageandsack Sep 17, 2014 6:47 PM Flag

    Wow! The after hours hammering of gold is simply off the hook! Gold at $1,218 and falling! This will definitely shut some high cost mines down and with them production will fall. I'd think that the Fed would have to protect our exporters by softening the dollar but then again, the Fed only seems to care about it's dollar and taking over the finances of the world. The Currency War is continuing to turn into a hot war. Billions are suffering and only the above the law few are prospering.

    Sentiment: Strong Buy

  • Reply to

    How big was Waitangi supposed to be?

    by polishthegold2014 Sep 16, 2014 10:38 AM
    goldmanpillageandsack goldmanpillageandsack Sep 17, 2014 5:13 PM Flag

    Watangi was supposed to validate the companies claim that there were up to 42.5 billion barrels of unconventional oil in place. This leaves them with an estimate of only 1.74 billion barrels of "undiscovered" conventional oil in place and proven and probable reserves of only 5,504,000 barrels. Yes, only 5.5 million barrels of proven and probable oil against their hype of up to 42.5 billion barrels. Granted, their actual resource estimate was 12.65 billion barrels, but this failure represents a 99% loss of oil the company can drill for.

    Sentiment: Hold

  • Reply to

    Penny stock mentality

    by goldmanpillageandsack Aug 30, 2014 1:32 PM
    goldmanpillageandsack goldmanpillageandsack Sep 17, 2014 4:57 PM Flag

    The characteristics of Cheal were well known to the company when they lied about producing 5,000 bopd. Plain and simple.

    Now that the hype about Watangi has turned out to be nothing but penny stock spin and the company has been forced to drill on Cheal again, production may go up a bit. I'm looking at doubling down as TAG falls through $1.70 with the distinct possibility that I'll double down again in late December as tax loss selling and RMD selling pushes TAG to the $1.50 level.

    One thing is for sure. This company should not attempt to drill another deep prospect without a partner that is experienced with deep drilling. There is oil down there, this team simply can't keep the bit turning.

    Sentiment: Hold

  • goldmanpillageandsack goldmanpillageandsack Sep 17, 2014 4:16 PM Flag

    Last time gold got this low, the sovereigns piled in and took advantage of the discounts and dried up the physical side of the market. With the CME and LME having abandoned "price discovery" in favor of price manipulation, it is going to be interesting to watch what influence an independent "price discovery" oriented exchange does to the overall market pricing mechanism.

    Sentiment: Strong Buy

  • Reply to

    NUGT $31.6 +/ - Looking Like a bargain

    by bollingr_band Sep 16, 2014 10:13 AM
    goldmanpillageandsack goldmanpillageandsack Sep 17, 2014 4:09 PM Flag

    Big take down in the thinly traded AH session. I sat this one out as far as the options go but I'm nearly ready to sell some puts at the $7 strike on Yamana and $28 on NUGT.

    Gifts are gifts!

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Sep 17, 2014 3:57 PM Flag

    Today the Chinese government backed Shanghai Gold Exchange (SGE) brought forward the launch date of its international gold trading platform which is hosted in the city’s free trade zone (FTZ). The gold trading platform will be known as the ‘international board’.

    In a surprise announcement, the SGE said today that the international board will go-live this Thursday September 18, eleven days ahead of its original launch date of Monday September 29.

    Forty members of the Exchange including global banks UBS, Goldman Sachs, HSBC and Standard Chartered, will participate in gold trading on the SGE’s international board, trading 11 yuan denominated physical gold contracts including the large 12.5 kg (400 oz) bar, the ever popular 1 kg  bar and a 100 gram contract.
    The location of the SGE international board in the Shanghai free trade zone is symbolic in that this location has been earmarked by the Chinese government as part of financial sector internationalisation strategy.

    Sentiment: Strong Buy

  • Reply to

    Wish I have more trucks to LOAD UP at $7.23 +/-

    by bollingr_band Sep 17, 2014 11:11 AM
    goldmanpillageandsack goldmanpillageandsack Sep 17, 2014 12:51 PM Flag

    That may explain why the banks and newspapers are fighting Scotland's independence with such vigor.

    Sentiment: Strong Buy

  • Reply to

    Just tested resistance at $1,240 again.

    by goldmanpillageandsack Sep 16, 2014 12:02 PM
    goldmanpillageandsack goldmanpillageandsack Sep 17, 2014 11:31 AM Flag

    Last night at 2:00 gold took another shot at $1,240 and bounced back decisively. Until we break and hold $1,240 we will not have a true buy signal. I'm holding off on adding to my position until gold closes above $1,240.

    Sentiment: Strong Buy

  • Reply to

    Wish I have more trucks to LOAD UP at $7.23 +/-

    by bollingr_band Sep 17, 2014 11:11 AM
    goldmanpillageandsack goldmanpillageandsack Sep 17, 2014 11:26 AM Flag

    CPI down 0.2% and our exports are falling as the dollar gains strength.

    The world is awash with dollars as we hit the baby boomers healthcare and retirement liabilities. Yet the whitewash continues through the Fed's buying of the S&P and DOW index's and stocks. The recovery is nothing more than an illusion…

    Your comment about Japan vs China is important because it is forcing China to side with Russia in currency and energy matters.

    Of course none of this matters - until it does...

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Sep 17, 2014 11:19 AM Flag

    Today will set the stage for Yamana's next move.

    Sentiment: Strong Buy

  • Reply to

    How big was Waitangi supposed to be?

    by polishthegold2014 Sep 16, 2014 10:38 AM
    goldmanpillageandsack goldmanpillageandsack Sep 17, 2014 4:45 AM Flag

    This was supposed to be the future of the company. Watangi was the well that would tap into billions of barrels of oil and gas. Failure is becoming a way of life for this company.

    Sentiment: Hold

  • Reply to

    China stimulus coming soon...

    by goldmanpillageandsack Sep 15, 2014 5:38 PM
    goldmanpillageandsack goldmanpillageandsack Sep 17, 2014 4:33 AM Flag

    Right on schedule: China is injecting $81 billion into its 5 largest banks (that's 500 billion Yuan).

    Just another day in the Great Currency War…

    Sentiment: Strong Buy

  • Reply to

    Larrea more than tripled his direct ownership

    by dar200 Sep 11, 2014 1:23 PM
    goldmanpillageandsack goldmanpillageandsack Sep 16, 2014 10:06 PM Flag

    Insiders already own 81% of the company. Perhaps they will be taking it private? Or will they buy Yamana (AUY) for it's copper, silver, molybdenum and gold that is worth something well over $100 billion? Heck, Yamana's stock is at 7..28 and its market cap is in the low $7 billion's… Could be a great buy!

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Sep 16, 2014 9:54 PM Flag

    The inclusion of arms and so called defense into GDP is a disaster for any economy. Once you go down that path you can never cut back without creating an instant recession. The vote in Scotland is going to be a huge event if they leave the UK. Spain's Catalonia region will be quickly behind and that probably explains the budgeting of 1 billion Euros for riot equipment. Yikes!

    Sentiment: Strong Buy

  • Reply to

    Auy is finally coming off the mat....

    by stoll62 Sep 16, 2014 1:53 PM
    goldmanpillageandsack goldmanpillageandsack Sep 16, 2014 9:47 PM Flag

    I seldom even come close to putting 10% of my assets into any one stock or investment type. But in this case, I am approaching that level and am considering a ceiling of 12%. The asset base coupled with the incredible undervaluation makes this thing a glaring takeover target.

    Sentiment: Strong Buy

AUY
7.01-0.10(-1.41%)Sep 18 4:00 PMEDT

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