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Yamana Gold, Inc. Message Board

goldmanpillageandsack 53 posts  |  Last Activity: Mar 25, 2015 5:16 PM Member since: Apr 27, 2010
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  • Reply to

    guidi as ceo

    by dgh1027 Mar 13, 2015 12:41 PM
    goldmanpillageandsack goldmanpillageandsack Mar 25, 2015 5:16 PM Flag

    I agree that new talent is available (and needed) for the deep drilling program. As for Guidi, I completely disagree and think he should be replaced given his history of enriching himself at the expense of shareholders.

  • goldmanpillageandsack goldmanpillageandsack Mar 18, 2015 2:01 PM Flag

    Good conversation…

    In my opinion, the Fed can not raise interest rates in any significant manner. Their hands are tied with oil based deflation and currency war based deflation.

    The currency war is resulting in massive foreign competition for export market share and we are actively importing deflation. US corporations can buy foreign assets on the cheap at this time with dollars financed at near ZERO percent! US corporations can also buy assets with the dollars they have been refusing to repatriate because of tax issues.

    Japan has been trapped with zero percent yields for nearly thirty years and their balloon is continuing to float along without being popped. It is worth noting that gold has rocketed upward when priced in Yen and most of the worlds currencies. The Japanese continue to print Yen and buy dollars, and now they have almost the same amount of US Treasuries as China. $1.23 Trillion vs $1.24 Trillion.

    There are many apparently irrational things going on in the worlds economies as far as commodity prices are concerned. Gold, silver and copper prices are so low they are driving producers out of business and future production will stagnate or fall (not for Yamana). Ultimately this cycle will end and copper will the metal to watch in the next two years for the clue as to when the world economy is truly recovering.

    So… Watch copper prices and watch China for any sign of dropping the dollar peg.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Mar 18, 2015 1:20 PM Flag

    Oil has collapsed by nearly 70% since its highs vs gold which is holding with a near 40% decline in price. Both are priced in dollars which have rallied 30%.

    When I consider the dollars spectacular rise, I think gold has fared rather well and continues to serve as a hedge against currency instability everywhere…

    The game remains the same. Put 10% of your hard assets into PM's and another 10% into mining stocks.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Mar 16, 2015 12:08 PM Flag

    The month of March is notoriously weak for gold and the mining companies. I expect this to be a bottoming formation for Yamana as other news is good and they are well financed to make strategic acquisitions that will create extraordinary value as time goes forward. +++Agua Rica+++

    With the Fed jawboning the dollar higher and world currency values collapsing (which drives world investors into the dollar) it is clear that the Fed has gotten away with printing $4 trillion dollars while maintaining the value of those dollars over the life of the financial crisis.

    Essentially, the Fed is winning the currency war at one end (valuation) while loosing it (importing deflation) at the other.

    Raising rates is likely to be difficult for the Fed, yet they may do it (symbolically) in conjunction with an easing of credit standards in order to maintain something close to growth in the economy.

    Sometimes the truth is stranger than fiction...

    Sentiment: Strong Buy

  • Reply to

    guidi as ceo

    by dgh1027 Mar 13, 2015 12:41 PM
    goldmanpillageandsack goldmanpillageandsack Mar 14, 2015 5:14 AM Flag

    I am soooooo disappointed. Guidi is the original penny stock promotor that got lucky and some of his lies came true. Under his leadership, this company will fail. Management must change or this will become a penny stock again.

    Sentiment: Hold

  • goldmanpillageandsack by goldmanpillageandsack Mar 12, 2015 11:13 PM Flag

    The news from Argentina is getting better every day. The announcement of the alliance with the provence of Catamarca to include mining development of Cerro Atajo with Agua Rica is fantastic! Yamana's exploration crew from Agua Rica is going to explore the Cerro Atajo deposit which is located between Alumbrera and Agua Rica. At present much of the deposit is owned by the provence of Catamarca and a few other stakeholders.

    Combining these two deposits will create a huge mining district with deposits significantly larger than the old Alumbrers mine.

    Keep in mind that China is building a railroad into this area and the ore will be able to be removed and transported quite efficiently.

    Sentiment: Strong Buy

  • Reply to

    Annulment of Auriemma Lawsuit

    by wimuskyfisherman Mar 6, 2015 11:49 AM
    goldmanpillageandsack goldmanpillageandsack Mar 12, 2015 10:43 PM Flag

    Well Well, the Catamarca shift is here! This is huge!

    Sentiment: Strong Buy

  • Reply to

    Annulment of Auriemma Lawsuit

    by wimuskyfisherman Mar 6, 2015 11:49 AM
    goldmanpillageandsack goldmanpillageandsack Mar 7, 2015 1:20 PM Flag

    Associated factoids: The other former purchaser of Agua Rica was Glencore (purchased Xstrata). Glencore was to be 50% owner of Agua Rica when Yamana elected to end the purchase agreement. Goldcorp was to own 37.5% of Agua Rica. Yamana was to own 12.5%.

    Sentiment: Strong Buy

  • Reply to

    Annulment of Auriemma Lawsuit

    by wimuskyfisherman Mar 6, 2015 11:49 AM
    goldmanpillageandsack goldmanpillageandsack Mar 7, 2015 1:06 PM Flag

    Sure thing! The Goldcorp mess is pretty complicated. Yamana ended the Goldcorp purchase agreement for Agua Rica abruptly last year and it resulted in the biding war for Canadian Malartic. Former Goldcorp executives claim ownership of the "Bonanza zone" at the Malartic mine which Yamana thought it was going to use to expand the mines reserves, production and mine life. Now there will be a protracted struggle over the development of that ore body.

    It is safe to say that Goldcorp and Yamana have a hostile relationship. Any takeover by Goldcorp would be truly hostile.

    Sentiment: Strong Buy

  • Reply to

    The current “Evil Empire”

    by goldbug49ers Feb 22, 2015 10:41 PM
    goldmanpillageandsack goldmanpillageandsack Mar 7, 2015 12:52 PM Flag

    Capesize ships now represent well over 65% of the dry bulk fleet. New shipyards were built during the boom and China and other Asian countries continued to build these monsters in "Make Work" projects to stimulate their local economies. It is what happens in "command" economies where decisions are not made in relation to market forces.

    As an aside: I just went fishing off of Aruba and there is a huge fleet of ships parked there waiting for cargoes. In fact I counted 29 of them in a 20 square mile area. They were mostly panamax or supramax sized (plus one submersible drilling rig) and locals were saying that the flood of capesize ships had made them practically obsolete.

    Aruba is only 60 miles from Venezuela and there is talk of turning the abandoned Valero refinery at the east end of the island into a ship breaking operation. This would be an environmental disaster of epic proportions for Aruba and its tourist based economy.

    On a final note: You post here on the Yamana board and have no knowledge of the mining issues in Argentina besides Pasca Luma? Only 25% of Pasca Luma is in Argentina and it is owned by Barrick. The rivers that are affected have their origins within the glaciers on the eastern side of the operation and flow into Chile, not Argentina.

    "WE" should probably learn more about Yamana's issues in Argentina if "we" want(s) to invest in the company because quite a bit of Yamana's growth and long term growth sustainability is in the country. In fact, I contend that when the elections happen this year, Yamana will see it's stock price rise if a pro-western government is elected. Stay tuned!

    Sentiment: Strong Buy

  • Reply to

    Annulment of Auriemma Lawsuit

    by wimuskyfisherman Mar 6, 2015 11:49 AM
    goldmanpillageandsack goldmanpillageandsack Mar 7, 2015 11:44 AM Flag

    This is bigger than most of us realize. And man030967 is correct in pointing out that it should have further consideration.

    Several points are worthy of more commentary:

    1. This affects Yamana's financial picture by the original $244 million, PLUS continuing claim which was much larger on Agua Rica.

    2. It demonstrates a massive political shift in favor of the development of Yamana's Agua Rica project which is a complicated partnership with the provence of Catamarca.

    3. There is another (smaller) ore deposit located between the present Alumbrera mine and Agua Rica that is not owned by Yamana and is in a less sensitive area environmentally. It has a complicated claim structure and is partially owned by the provence of Catamarca (which also owns the mining infrastructure of the Alumbrera mine.

    4. Goldcorp is left out in the cold if Catamarca partners with Yamana in the development of Agua Rica.

    Sentiment: Strong Buy

  • Reply to

    The current “Evil Empire”

    by goldbug49ers Feb 22, 2015 10:41 PM
    goldmanpillageandsack goldmanpillageandsack Mar 6, 2015 8:04 PM Flag

    I see that you avoided the BDI comment. Yes I've read Willie and Hamilton and you are correct that Willie does trash the establishment fairly and well.

    You are also incorrect in your assessment of my trading style as I am very much a long term trader. But that is rather boring fodder for conversation and I love to sell covered calls and occasionally buy lots of calls when opportunity knocks.

    As for Mr Lundeen's 'more recent' disclaimers on predicting the timing of the market crash you are correct. However, Lundeen loudly predicted that the market would fall much further than it had when the S&P hit 666. He was calling for a market collapse in the immediate future for nearly two years after the recovery began with only an occasional thin disclaimer. I like him and am happy that he recovered from his illness.

    By the way, what do you think of the Argentina situation as a whole? Do you think that Agua Rica will go forward with the help of Catamarca? Do you think the elections will bring a pro`western government or a pro China government? Do you think that Argentine issues affect Yamana's price at all?

    Salute

    Sentiment: Strong Buy

  • Reply to

    The current “Evil Empire”

    by goldbug49ers Feb 22, 2015 10:41 PM
    goldmanpillageandsack goldmanpillageandsack Mar 5, 2015 12:45 PM Flag

    Mark Lundeen does have some interesting perspectives and I have read his blog for about eight years. His step sum indicator is certainly an out of the box concept. I like the step sum and him in general. Unfortunately he has been wrong about the collapse of western finance for a long time and any investor that makes/times investing decisions based on his statements is taking undue risks.

    Lundeen's electrical consumption figures are published directly from Barrons and are not derived from any special research or being an "expert" on the subject (regardless of his background). You cite the Tesla car as increasing demand, but at the same time disregard new lighting, efficiencies, solar and wind self generation, the fact that heavy industry has moved electrically intense operations like aluminum production to countries like Australia etc.

    As for the Baltic Dry Index or (BDI): Investors need to consider the size of the new ships and the size of fleet of new ships that are now available for transcontinental shipments of cargo. Shipping capacity has doubled in size recently and the competition for cargoes is intense, therefore pricing is low. The BDI only reflects the price of shipping relative to the supply of ships and demand for cargoes and does not reflect the volume of iron ore or any other commodity as you state.

    Bottom line is that it is not "Nothing could be easier to understand". The world economy is incredibly intense and interwoven.

    I do agree that the markets are "fixed" by the financial cartel that serves or is served by the Federal Reserve. The price of gold is manipulated for sure and this hurts the price of gold and the price of Yamana's stock.

    Enjoy!

    Sentiment: Strong Buy

  • Reply to

    The current “Evil Empire”

    by goldbug49ers Feb 22, 2015 10:41 PM
    goldmanpillageandsack goldmanpillageandsack Mar 2, 2015 9:06 PM Flag

    The reduction of use of electricity is largely a function of the radical gains in the efficiency of electrical appliances and lighting. LED's in particular have radically transformed lighting usage and costs. When you include the discontinuation of the use of electricity for heating in favor of natural gas you get the real picture of why electrical usage is stagnant or slightly lower since 2006.

    As to the FED? Yes, they are truly an evil empire...

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Feb 24, 2015 5:33 AM Flag

    Target is now reaping the benefits of deflation. Import prices for bulk goods are falling because of the rising dollar and the crashing of oil prices is influencing many other costs (think transportation, heating, cooling etc). At the same time prices on the shelves are staying relatively consistent. This will increase net margins and fall straight to the bottom line.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Feb 17, 2015 10:36 AM Flag

    My big questions are:

    1. Will new management hire qualified drillers next time they go deep?

    2. Will new management come from a major and be able to bring on qualified partners?

    Sentiment: Strong Buy

  • Reply to

    About Time.. Drew and Grath GONE !!!

    by choppertoyou Feb 11, 2015 8:09 PM
    goldmanpillageandsack goldmanpillageandsack Feb 12, 2015 10:13 AM Flag

    It will be good to get real oilmen involved instead of penny stock salesmen who accidentally find oil. Now watch their severance packages closely...

    Sentiment: Buy

  • Reply to

    Currency War

    by goldmanpillageandsack Feb 7, 2015 1:35 AM
    goldmanpillageandsack goldmanpillageandsack Feb 7, 2015 11:26 AM Flag

    The worlds Central Banking system is sowing the seeds of inflation but reaping deflation instead.

    One wonders if any of them have a clue what they are doing…

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Feb 7, 2015 2:12 AM Flag

    I am seeing some support here and short of another equity sale, this company may be undervalued due to its lack of debt.

    As a strong critic of management, I'm not holding my great - just watching.

    Sentiment: Hold

  • goldmanpillageandsack by goldmanpillageandsack Feb 7, 2015 1:35 AM Flag

    Largely bypassed in the news was the fact that China lowered its lending rate by 50 basis points yesterday. This is coupled with a lowering of the reserve requirements of the banks to 19.5%.

    China's manufacturing giants are reeling from Japans recent 30% currency decline and they simply have no choice but to weaken the Yuan in order to remain competitive. The EU has also dropped the value of the Euro by 15%, the Australian dollar has fallen 27% and the Russian Ruble has crashed over 50%.

    China is now in discussions to widen the trading band of the Yuan and this is a known precursor to driving the currency lower.

    Naturally, this will support the wisdom of their gold purchases and stimulate continued gold purchases by holders of Yuan. While creating support for the purchases of physical gold It will also support the value of the US dollar which will mitigate gains based on the US currency.

    But on the whole it is supportive of gold as physical demand tightens the noose that is around the necks of the paper gold sellers. There is a tipping point out there somewhere and we never know what will trigger the next leg up for gold.

    Sentiment: Strong Buy

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