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Yamana Gold, Inc. Message Board

goldmanpillageandsack 156 posts  |  Last Activity: 3 hours ago Member since: Apr 27, 2010
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  • Reply to

    Alarming Underperformance

    by sfiaes Jun 18, 2014 12:39 PM
    goldmanpillageandsack goldmanpillageandsack Jun 21, 2014 5:10 PM Flag

    There is also a May 14, 2014 Bank of America/Merrill Lynch Global Metals conference presentation that states a 16% increase in combined mine production and degreasing AISC costs for the whole of Q2. There is a link to it on Yamana's website.

    As for me, I am thinking that there is strong resistance to any company with resource production tied to Argentina. Especially one that manages to have good relations with the Argentine government. You may be discounting the importance of Central Bank investing/manipulation...

    Osisko is positive for Yamana on all metrics, so dilution is no big deal to me.

    Would you rather see a divided or have that cash go to a share buyback?

    Sentiment: Strong Buy

  • Reply to

    Where is the old Wi Wi at?

    by skarielarry Jun 20, 2014 12:04 PM
    goldmanpillageandsack goldmanpillageandsack Jun 21, 2014 3:53 PM Flag

    I do miss the "old guard" posters as well. So welcome back SL. It will be good to get some commentary with content going again! Hap and the "hapsters" have been carrying the ball for some time...

    Sentiment: Strong Buy

  • Reply to

    Alarming Underperformance

    by sfiaes Jun 18, 2014 12:39 PM
    goldmanpillageandsack goldmanpillageandsack Jun 21, 2014 3:46 PM Flag

    May 15th is months old? You were complaining about an update for the better part of a month when it was right there! BTW, I see this underperformance as the best opportunity out there…

    Whats your entry point? If you are in with a cost basis higher than $10 you may want to consider doubling down.

    I happen to think that AUY is being punished in the financial markets for it's exposure to the Argentine mining market. This exposure remains a risk until the Kirchner Presidency ends in 2015. I've said it before that Argentina could hardly manage it's mining and natural resources politics worse, so consider this in your strategy...

    Sentiment: Strong Buy

  • Reply to

    Where is the old Wi Wi at?

    by skarielarry Jun 20, 2014 12:04 PM
    goldmanpillageandsack goldmanpillageandsack Jun 20, 2014 11:43 PM Flag

    Ouch! Wi was one distasteful individual…

    Sentiment: Strong Buy

  • Reply to

    looking for a little stutter steps Friday ; then

    by smittensday Jun 19, 2014 10:48 PM
    goldmanpillageandsack goldmanpillageandsack Jun 20, 2014 11:35 PM Flag

    It looks like Iraq is in Putin's court as well. Our foreign policy makers are really getting slapped around and he dollar is looking more and more threatened by the day.

    Sentiment: Strong Buy

  • Reply to

    Alarming Underperformance

    by sfiaes Jun 18, 2014 12:39 PM
    goldmanpillageandsack goldmanpillageandsack Jun 20, 2014 11:31 PM Flag

    sfiaes, You could try the Yamana website and read the update. Of course the 16% production increase for this quarter has been mentioned to you several times so it would seem that you are either daft or a basher...

    Sentiment: Strong Buy

  • Reply to

    I'm going to check this out

    by fstout57 Jun 19, 2014 4:12 PM
    goldmanpillageandsack goldmanpillageandsack Jun 19, 2014 7:08 PM Flag

    It looks good for the run back to $10.00 in the next few weeks...

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jun 19, 2014 7:06 PM Flag

    Yeppers, you sure called it! Gold's only up $46 dollars today…

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jun 19, 2014 4:08 PM Flag

    Another great day with Yamana up .50 (or 6%) on nearly 18 million shares. This confirms the recovery and I think that $10.00 is coming soon.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jun 19, 2014 1:37 PM Flag

    True on adding in the 7's. It was an amazing price for a company that throws off a 2% dividend and is at the bottom of it's long term trading range… I think that we have another 15-25% to go on this rally…

    I wish that I had taken a full position as well, but since I bought mostly options they have rocketed up and I have doubled my investment already...

    Sentiment: Strong Buy

  • Reply to

    Osisko purchase is completed.

    by goldmanpillageandsack Jun 16, 2014 10:48 AM
    goldmanpillageandsack goldmanpillageandsack Jun 17, 2014 9:13 AM Flag

    I agree that the stock performance has been disappointing. For me it became a compelling entry point. I am expecting a return to the $10.00 mark by the end of July. That plus the 2% dividend on shares held outright. I also intend to sell front month premiums against my "in the money' leap options as soon as the stock appreciates and the implied volatility increases.

    Longer term, I think that the perceived risks associated with Yamana's mines in Argentina will dissipate with the end of the Kirchner hold on the Argentine presidency in 2015. (Kirchner can-not be re-elected because of term limits.) Argentina will likely get a new and far better government (how could it be worse for business investment?) at that time. Concurrently, in 2015 the Cerro Morro mine will start production and Suyai will get approval. I also think that there will be significant upgrades to the Cerro Morro mine plan as "new discoveries" are announced from exploration activities ongoing at the site.

    That brings my two year appreciation target close to the $20 mark.

    Caveat: There remain short term risks related to the unwinding of re-hypothicated gold contracts in China, so I am 45% into building the position I have allocated for investment in Yamana. If the China unwind occurs in a disorganized fashion, who knows what kind of short term buying opportunity that would create? My target for going to a full position is $6.00 if I get very fortunate to have AUY touch that level.

    What price did you make your entry? Are you averaging down?

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jun 16, 2014 10:48 AM Flag

    Yamana and Agnico-Eagle have completed the purchase of Osisko mining. This is accretive to earnings for Yamana in all metrics. Initially it was estimated that Yamana's attributable portion of mine output would be 266,000 ounces per year but with last months record production of over 51,000 ounces this number will likely be higher. Add that to the 16% average increase in Yamana's existing mine production for the quarter and you have the makings of a solid rally.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jun 16, 2014 8:33 AM Flag

    After bouncing solidly off of its long term low at $7.05. Yamana is poised to regain everything it lost after the Osisko purchase and run past the $10.00 mark.

    Central Banks creating Currency Wars that are now turning hot should be no surprise to astute investors...

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jun 15, 2014 1:24 PM Flag

    The fact that your identity is a "we" explains the lack of continuity in your responses.

    Regarding complexity: What is complex for one person is not necessarily complex for another… I happen to have 30+ years experience trading options. You are correct in the fact that most get whipsawed into losses. Patience, and the ability to manage the value of time are critical skills for a successful options trader.

    I have been to the DeepCapture site and I am not ignorant about the Fed or many of the conspiracy theories and even the factual lapses in the uniform application of law that plague our supposed free enterprise system.

    Enjoy life, it's pretty short...

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jun 15, 2014 7:19 AM Flag

    Hap, Just who is "WE"?

    Is hapiwondrer & hapiwondrers the same individual? Individuals?

    I also was a buyer of Yamana in late 2008. Unlike you, I sold calls against my stock for years until a majority of my holdings were called away at $20.00 in November of 2012. If you call that getting "whipsawed" I'll take it any day. ;-)

    Since my recent entry's into stock and options with Yamana just above the $7 mark, the stock has appreciated 12% and many of my options are now "in the money". This allows me the ability to sell front month calls against both my stock and "in the money" options at my discretion. Entering 1/2 of my desired position also allows me a comfortable and relaxed trading methodology.

    While I do agree that all "Fiat" currencies do fail, I enjoy our society and do not want it to fail. Corruption exists in all societies and while I do not think our banking cartel should be above the law, I accept that it is and trade accordingly...

    I would not want "paranoia" regarding manipulation of markets to paralyze me in the face of opportunity...

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jun 14, 2014 10:08 PM Flag

    This should be a good thing for the stock, but a better thing will be the fact that Yamana's overall mine output for this quarter is up 16%.

    And of course… Osisko just announced that the Malartec mine has broken all of its production records in May...

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jun 13, 2014 11:03 PM Flag

    Followed by another 2.5% price increase on top of 9.7 million shares. All this in front of Mondays closing of the Osisko buyout.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jun 12, 2014 4:24 PM Flag

    Large buy on close orders filled in last few seconds of trade as well. Money flow was hugely positive and the Accumulation/Distribution ratio was positive.

    Sentiment: Strong Buy

  • Reply to

    This stock was nine bucks

    by fstout57 Jun 12, 2014 1:06 PM
    goldmanpillageandsack goldmanpillageandsack Jun 12, 2014 1:11 PM Flag

    Agreed, should see AUY above $10.00 by July...

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jun 12, 2014 12:25 PM Flag

    After the crazy selloff from mid March through the end of May we are now starting to see the reversion to more rational prices in the gold sector. Great volume supporting the last three days of gathering upward momentum.

    Sentiment: Strong Buy

AUY
8.27-0.08(-0.96%)Jul 22 4:04 PMEDT

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