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Vista Gold Corp. Message Board

goldmanpillageandsack 182 posts  |  Last Activity: 5 hours ago Member since: Apr 27, 2010
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  • Reply to

    base is building for a jump

    by topinvestgun1 Jul 27, 2014 4:40 PM
    goldmanpillageandsack goldmanpillageandsack 5 hours ago Flag

    Did the $8.41 trigger your buy? Or are you waiting for a close above $8.40?

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack 5 hours ago Flag

    Todays trading was unusual with high levels of accumulation and inflow of capital on low volume.

    Low volume on the options side as well with the exception of the Oct 9's which traders continue piling into.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack 9 hours ago Flag

    Bollinger bands have continued to tighten and now stand at $8.44 / $8.05. There has been a slight upward shift on the lower band. In addition, the cup and handle formation is obvious and with the lengthening handle all indications are for a rather powerful move from here.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack 23 hours ago Flag

    Any earning estimates or ideas on what production from Osisko/Malartic will be credited to the acquiring companies for the quarter?

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack 23 hours ago Flag

    Said to be positive on all metrics but I sure would like to see more specific information.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jul 27, 2014 5:32 PM Flag

    We have a big week coming up:

    Gold and silver futures option expiry on Mon the 28th

    On Wed the 30th in the am: Q2 Advance GDP # coming in (bogus high that will be revised lower when no-body's paying attention).

    In the afternoon we have the FOMC 2 day meeting release (taper unchanged?)

    After hours we have Yamana and Agnico Eagles earnings, and of course Argentina's potential double default will make the news…

    On Friday Non-farm payrolls.

    Of course Gaza and the Ukraine will still burn and Syria, Libya, Iran, Iraq will smolder.

    Central Banks around the world will Print, Print, Print every day...

    Definitely interesting!

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jul 27, 2014 5:13 PM Flag

    With futures options expiry on Monday, we will likely have another takedown of gold. The pattern is so strong that it usually creates a buying opportunity.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jul 27, 2014 12:33 PM Flag

    It's the very definition of a "Currency War". Competitive debasement has become a thinly disguised way of life for the Central Banks of the world.

    Sentiment: Strong Buy

  • Reply to

    love

    by chicosan3 Jul 25, 2014 12:44 PM
    goldmanpillageandsack goldmanpillageandsack Jul 25, 2014 4:47 PM Flag

    It's HSBC… Would you ever expect them, Goldman Sachs, JPMorgan or any of the big banks/trading houses to act with integrity?

    Sentiment: Strong Buy

  • Reply to

    John Bollinger article:

    by goldmanpillageandsack Jun 26, 2014 1:27 PM
    goldmanpillageandsack goldmanpillageandsack Jul 25, 2014 2:13 PM Flag

    Tested the lower Bollinger band yesterday and bounced off cleanly. Stock under accumulation and has positive money flow after two days of distribution and outflow. Average volume.

    Sentiment: Strong Buy

  • Reply to

    Is there a more pathetic gold company than AUY?

    by sfiaes Jul 23, 2014 5:55 PM
    goldmanpillageandsack goldmanpillageandsack Jul 25, 2014 11:42 AM Flag

    Since neither Agnico Eagle or Yamana has updated us beyond the terms of the merger and the record production update for Malartic, it is difficult to value the company beyond its existing mine output projections. We simply do not know critical information they we would normally have because of the Osisko buyout ;-(

    I have seen analyst estimates as low as $430 million in revenue and a high of $463 million which I think will be blown away (possibly $554.3 million). Countering that is the new share count and the timing of the recognition of revenue from Malartic. If you look at it negatively - with the quarter having the full new share count without the full quarter of income, Yamana's share count will go up by 117 million shares and since the deal closed on June 16th we may only recognize two weeks of revenue PLUS have to absorb the costs of the buyout in the quarter.

    Countering that is the fact that there is potentially $46 million in deferred gold sales from Q1.

    Another small item to consider is the effect of adding new low cost reserves that help reduce costs because their addition reduces the depletion aspect of AISC.

    There will be other existing mine plan updates, exploration results and mine commissioning updates.

    One thing is for sure - I am going to read every word of this earnings release and listen diligently to the conference call.

    Sentiment: Strong Buy

  • Reply to

    high volume on the oct 8 calls

    by roadrunner_46730 Jul 24, 2014 3:49 PM
    goldmanpillageandsack goldmanpillageandsack Jul 25, 2014 10:11 AM Flag

    OK - the new open interest is: 16,058 calls and 18,003 puts. so yesterdays buying was in fact bullish.

    Today, there have already been 2,627 calls traded at the 8 strike against only 173 puts… again, probably bullish.

    Sentiment: Strong Buy

  • Reply to

    Is there a more pathetic gold company than AUY?

    by sfiaes Jul 23, 2014 5:55 PM
    goldmanpillageandsack goldmanpillageandsack Jul 24, 2014 11:18 PM Flag

    DUH! BV is 9.51 right now. What was it at the time of the merger?

    Sentiment: Strong Buy

  • Reply to

    Is there a more pathetic gold company than AUY?

    by sfiaes Jul 23, 2014 5:55 PM
    goldmanpillageandsack goldmanpillageandsack Jul 24, 2014 5:36 PM Flag

    According to OptionsXpress, "Insiders" own 2.7% of the company…

    I agree on being conservative on the valuation of reserves. At $950, Yamana maintains a large cushion of undeclared value and avoids having to write-down assets. When when gold was touching $1,900 they maintained their $950 valuation.

    Exactly what do you mean by BV?

    Sentiment: Strong Buy

  • Reply to

    1 Jr. Miner Is Soaring Today - GORO

    by newlifehealthandfitness Jul 24, 2014 3:15 PM
    goldmanpillageandsack goldmanpillageandsack Jul 24, 2014 4:25 PM Flag

    Otto, Tell us, how you really feel!
    And, how do you feel about making this same post on the AEM board when it was $28 a share? (now $40.75)…

    Sentiment: Strong Buy

  • Reply to

    high volume on the oct 8 calls

    by roadrunner_46730 Jul 24, 2014 3:49 PM
    goldmanpillageandsack goldmanpillageandsack Jul 24, 2014 4:15 PM Flag

    I will have an opinion tomorrow morning when I see the new open interest totals. Option activity is usually speculative and large Call buying vs Put buying indicates optimism.

    The Oct 8's show 8,603 calls vs 1,517 puts traded today.

    We will have to wait for the open interest tomorrow morning to determine how much it expanded or contracted to be sure. Today's open interest started at 10,349 calls and 16,747 puts which was bearish.

    Sentiment: Strong Buy

  • Reply to

    Is there a more pathetic gold company than AUY?

    by sfiaes Jul 23, 2014 5:55 PM
    goldmanpillageandsack goldmanpillageandsack Jul 24, 2014 2:33 PM Flag

    These message boards are really unreliable these days…

    I do understand your impatience to a degree and like you, I compare Yamana's performance to Agnico Eagles. Unfortunately, they both have the same pattern of press releases and it is perplexing to see the $15.00 appreciation of AEM and the mere $1.00 appreciation of Yamana since their respective bottoms after the buyout.

    Agnico Eagle has not announced a share buyback, pays 1/2 the dividend of Yamana, has higher costs and no insider information is available for them either. Earnings are even being released at exactly the same time on July 30th.

    Neither company has updated its shareholders on the Osisko acquisition details and as you accurately point out, the differentials in appreciation are huge! BTW, I fully expected we would be over $10.00 by now.

    What should management be doing in your eyes besides the things we have already discussed?

    I'll throw this one out as a possibility. Management could write-up the value to its assets by re-valueing its gold reserves to an amount higher than the $950/oz that it presently carries on its books?

    Sentiment: Strong Buy

  • Reply to

    Beautiful cup and handle

    by goldmanpillageandsack Jul 23, 2014 11:00 AM
    goldmanpillageandsack goldmanpillageandsack Jul 24, 2014 12:31 PM Flag

    chicosan3,

    I have been a Yamana owner since the days of Midas gold and a relatively consistent poster and advocate of options trading on the stock since 2006. It has been a profitable venture.

    As I stated, I had most of my shares called away at $20.00 and rode the rest all the way down mitigating my losses with covered call sales. (not a big deal because I had established a zero cost basis on the shares by selling covered calls). I even had some stock put to me at $16.00 on the way down which I still own. I, like you exited the boards and did not start posting again until I saw the huge bottom being put in after the Osisko acquisition.

    You can go back and check the fact that I posted my getting the majority of my shares called away way back in 2012 and in a similar manner called my entry at $7.12 to start building a sizable long option and long share position. My latest purchase was at $8.42 so that's not even close to the bottom.

    What point would it serve to spend time here posting U RA RA stuff If I were not doing the research and at least going the math on the stock? This is a good time to be owning this stock, I will profit by educating myself and others through meaningful discussions. It's that simple.

    Earnings are now only a few days away so we will have the opportunity to see if my assessment of the company's revenue outside of the Osisko acquisition is correct. Hopefully you'll stick around and take me to task if I'm wrong or congratulate me if I'm right. If you leave, good luck with this and your other positions!

    Sentiment: Strong Buy

  • Reply to

    Is there a more pathetic gold company than AUY?

    by sfiaes Jul 23, 2014 5:55 PM
    goldmanpillageandsack goldmanpillageandsack Jul 23, 2014 10:54 PM Flag

    It is a Canadian company so they do not report insider buys… Wouldn't help…

    We have already discussed share buyback vs dividend...

    Did you catch the discrepancy between production and sales last quarter? (This quarter is front loaded to counter merger costs at a minimum.) I think they loaded last quarter with bad news...

    Osisko/Malartic is accretive on all metrics and puts 20% of production into a very stable jurisdiction… I think it should have helped the stock but am grateful that it created this buying opportunity!

    Yamana's mines in Argentina should rattle your thinking, but it does not? Western Banks HATE ARGENTINA!!! Companies that do business there successfully have to get along with her (Kirchner's) government or they get tossed. If they get along with Argentina, they get shunned by the Fed's investment bubble boys. Suyai and Cerro Morro are great future mines and Yamana has pulled off the impossible in getting them to move forward. This could only happen with considerable favor with the Argentine government.

    In the longer term, this political garbage will blow over when Kirchner gets term limited out in 2015, but it should affect Yamana's share price 6 months before the government changes hands, so that's a Q4 or Q1 2015 benefit.

    Agree with you that Yamana should have provided guidance for the accounting of the Osisko merger!

    I already suggested that you consider averaging down and could understand your frustration better if I knew your entry point and reasoning for buying. You may have a short timeline on the stock and just need to sell and take the loss, your call there...

    Sentiment: Strong Buy

  • Reply to

    Currency War thoughts?

    by goldmanpillageandsack Jul 22, 2014 6:33 PM
    goldmanpillageandsack goldmanpillageandsack Jul 23, 2014 10:23 PM Flag

    BA's at $75 Trillion and JPM's exposure is over $95 Trillion. Heck, even the Fed is leveraged 150 to 1...

    Sentiment: Strong Buy

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