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Vista Gold Corp. Message Board

goldmanpillageandsack 28 posts  |  Last Activity: Jan 8, 2016 11:39 AM Member since: Apr 27, 2010
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  • Reply to

    DIVIDEND ON JAN 14 2016, Q4 RESULTS ON FEB 18!

    by dinepat203 Jan 8, 2016 11:20 AM
    goldmanpillageandsack goldmanpillageandsack Jan 8, 2016 11:39 AM Flag

    Ya beat me to it...

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jan 8, 2016 11:38 AM Flag

    The company will release its fourth Quarter and full year results after market close on February 18th after market close and follow this with a conference call and webcast on Feb 19 at 9:00 am ET.

    I am hoping they throw every bit of bad news they can find into this quarter so that they can start a fresh cycle of positive results and earnings.

    Sentiment: Strong Buy

  • Reply to

    Yuan devaluation

    by goldmanpillageandsack Jan 7, 2016 2:20 PM
    goldmanpillageandsack goldmanpillageandsack Jan 7, 2016 4:30 PM Flag

    The Fed is trying to get India to monetize its peoples gold by having them deposit it with their Banking cartel so it can be re-hypothecated. The Indian people are not buying into the scheme and there has been very little gold deposited with the banks. Not all people are as gullible as Americans who have been conned into selling their gold.

    Sentiment: Strong Buy

  • Reply to

    Yuan devaluation

    by goldmanpillageandsack Jan 7, 2016 2:20 PM
    goldmanpillageandsack goldmanpillageandsack Jan 7, 2016 4:30 PM Flag

    The Fed is trying to get India to monetize its peoples gold by having them deposit it with their Banking cartel so it can be re-hypothecated. The Indian people are not buying into the scheme and there has been very little gold deposited with the banks. Not all people are as gullible as Americans who have been conned into selling their gold.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jan 7, 2016 2:20 PM Flag

    With the Yuan being threatened with another devaluation, it reminds us how gold holds up as a nations currency is debased. Those who converted their Yuan into gold are now seeing the benefits of owning gold. Unlike the US, China supported their civilian population in the buying of gold and the people who had the foresight to buy gold are maintaining their buying power. In the US, the financial markets have "Managed" the price of gold lower while eastern nations scooped it up by the ton. Now, our nations physical supplies are low and gold is appreciating again. All this bodes well for Yamana...

    Sentiment: Strong Buy

  • Reply to

    Cerro Moro

    by goldmanpillageandsack Jan 6, 2016 12:40 PM
    goldmanpillageandsack goldmanpillageandsack Jan 7, 2016 1:29 PM Flag

    The debt is well structured and quite reasonable compared to other mid to large companies. Cash flow easily covers the financing and it does not bother me. Naturally, I would like to see no debt, but good assets are expensive.

    Sentiment: Strong Buy

  • Reply to

    Cerro Moro

    by goldmanpillageandsack Jan 6, 2016 12:40 PM
    goldmanpillageandsack goldmanpillageandsack Jan 6, 2016 5:42 PM Flag

    Interesting that you mention the terrible environment in Brazil. Yamana had placed hedges on the Real and it has cost us quite a bit. The hedges expired and now we will get the full beneficial effect of Brazils devaluation. This will not look particularly good on the Q4 balance sheet but it will have an effect in Q1 2016.

    Have you been reading about the excellent drilling results at Chapada's satellite deposit Sucupira?

    Sentiment: Strong Buy

  • Reply to

    Cerro Moro

    by goldmanpillageandsack Jan 6, 2016 12:40 PM
    goldmanpillageandsack goldmanpillageandsack Jan 6, 2016 4:10 PM Flag

    I forgot to mention that Cerro Moro is 100% owned by Yamana and was purchased from Extorre for a mere pittance. Great move by management!

    Sentiment: Strong Buy

  • Reply to

    Brio to remain on the balance sheet

    by thermonuke Dec 21, 2015 8:23 PM
    goldmanpillageandsack goldmanpillageandsack Jan 6, 2016 4:08 PM Flag

    Now is the time to be buying undervalued gold assets, not the time to be selling...

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jan 6, 2016 12:40 PM Flag

    We should see an announcement for the formal ground breaking at Cerro Moro within two months. For those of you who are not familiar with Cerro Moro, it is a high grade, low cost epithermal series of gold and silver deposits in southeast Argentina. The mine should be operational in late 2017 and produce 135,000 gold equivalent ounces per year with a three year payback of the initial investment of $265 million.

    Yamana has a great deal of experience with this type of mine and has strong potential for discovering additional deposits as they continue to explore/drill on this property.

    Negotiations are in progress for a tax break and royalty review given the companies nearly $400 million in expenditures over the life of the mine. It will have a significant economic impact on the region and given the newly elected Argentine governments favorable view of western investment in the country, the tax/royalty deal is likely to increase profits and allow for further investment.

    It is worth mentioning that the deposit averages 11.38 grams of god per ton of ore and 648 grams per ton of silver. All in sustaining costs are only $550 per ounce of gold and $7.70 per ounce of silver…

    All good on this one!

    Sentiment: Strong Buy

  • Reply to

    Interesting times...

    by goldmanpillageandsack Dec 27, 2015 12:30 AM
    goldmanpillageandsack goldmanpillageandsack Jan 6, 2016 11:35 AM Flag

    The new year is starting out nicely for Yamana and with the major markets taking a breather it appears that those of us who loaded up in the $1.70s and $1.80's in late 2015 will be well rewarded. I'm not saying that buying now is a bad idea because the low $2's will look fantastically cheap in a couple of years.

    The comments made by the Fed's Fischer are truly remarkable in that he completely admits that the Fed juiced the markets higher and that now they are out of ammunition.

    I disagree with him and think that the Fed does have plenty of ammunition left and that they can drive interest rates negative and flood the financial markets with dollars any time they want. Sadly for free markets, it is all predicated on what is best for the banks that own the Fed. The Fed is beholden to the banks and the banks alone.

    The constriction of capital is starting to reduce production of both basic and precious metals and there is considerable cause for optimism in the beaten down mining sector. As production falls and undercapitalized mining companies collapse, Yamana will continue to be a solid performer.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Dec 27, 2015 12:30 AM Flag

    There are two important factors that could affect Yamana's share price as we move into the new year:

    1. The end of tax selling season. I sold virtually all of my stock in mid November for the tax loss and have been buying my old shares and more here at the end of the year. Many large brokerage houses instructed their clients to sell this tax selling season, they are free to buy after waiting one month for the wash rule to expire.

    2. The resolution of the Argentine elections resulted in a pro-western President and financial position. The Argentine peso will be devalued. Yamana has a long history of successful development of mines there. Cerro Morro, Suyai and Agua Rica will now be likely to move forward on an accelerated basis.

    Cerro Morro is already under construction and Agua Rica is in northern Argentina. Developing this mine is a huge project that has the potential to transform this company to a major copper producer and has a mine life of over 20 years. China is building a rail line nearby that will transport the Gold/silver/copper and molybdenum to the west coast of Chile and lower costs dramatically.

    GLTA in the new year!

    Sentiment: Strong Buy

  • Reply to

    Brio to remain on the balance sheet

    by thermonuke Dec 21, 2015 8:23 PM
    goldmanpillageandsack goldmanpillageandsack Dec 27, 2015 12:07 AM Flag

    These mines clearly have longer lives and lower production costs than was contemplated during the spin-off. Mining is all about low all in costs in a pricing environment such as the one we have now.

    Sentiment: Strong Buy

  • Reply to

    Brio to remain on the balance sheet

    by thermonuke Dec 21, 2015 8:23 PM
    goldmanpillageandsack goldmanpillageandsack Dec 23, 2015 8:16 AM Flag

    Not selling at this time is a solid business decision. Personally, I think that it was never a good idea to sell the so called non-core assets or to isolate their poor performance from the balance sheet.

    Now, it sounds likely that they are performing and that the exploration efforts are paying off. If they are able to get C1 Santa Luz carbon leaching rates where they want they can re-start that operation as well and not leave the costs of building the mine behind.

    It is important to note that Yamana's cost structure is allowing them to continue operations and expand where the other majors are shuttering operations which will lead to lower production.

    Sub $2.00 shares are a gift!

    Sentiment: Strong Buy

  • Reply to

    Where's goldmanpillage?

    by wild_gold Dec 15, 2015 8:25 PM
    goldmanpillageandsack goldmanpillageandsack Dec 18, 2015 4:49 PM Flag

    The reason I seldom post anymore is because this board is fairly worthless in terms of intelligent discussion regarding Yamana, or the gold market in general. The 300+ to one leverage at the COMEX has been significantly unwound with almost 200,000 ounces of gold in the "registered" category, it is now hovering at 140-1. I simply report the facts on the leverage. I often stated that the COMEX would not default because "they make the rules" and can declare a "force majeure" anytime things start to get out of control.

    Sooooo, tax loss selling season is ending, finally. I am buying again and rebuilding the position that I sold off in November. Feels good to buy at these insane sub $2.00 levels! :-)

    The Fed is crushing many foreign currencies, it makes sense that the platform for trading and delivery of actual physical gold has moved to Asia where people need to protect themselves from the currency war even more than Americans do.

    Sentiment: Strong Buy

  • Reply to

    Where's goldmanpillage?

    by wild_gold Dec 15, 2015 8:25 PM
    goldmanpillageandsack goldmanpillageandsack Dec 18, 2015 1:41 PM Flag

    The reason I seldom post anymore is because this board is fairly worthless in terms of intelligent discussion regarding Yamana, or the gold market in general. The 300+ to one leverage at the COMEX has been significantly unwound with almost 200,000 ounces of gold in the "registered" category, it is now hovering at 140-1. I simply report the facts on the leverage. I often stated that the COMEX would not default because "they make the rules" and can declare a "force majeure" anytime things start to get out of control.

    Sooooo, tax loss selling season is ending, finally. I am buying again and rebuilding the position that I sold off in November. Feels good to buy at these insane sub $2.00 levels! :-)

    The Fed is crushing many foreign currencies, it makes sense that the platform for trading and delivery of actual physical gold has moved to Asia where people need to protect themselves from the currency war even more than Americans do.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Dec 8, 2015 12:18 AM Flag

    Even after the December futures options went off the board the leverage climbs. But deliverable gold has dropped to 121,463 ounces. Can price fix this without supply? Physical gold is heading east and the western nations better figure out what to do about the future of their currencies.

    Sentiment: Strong Buy

  • Reply to

    Argentina to dismantle currency controls

    by thermonuke Dec 6, 2015 12:25 PM
    goldmanpillageandsack goldmanpillageandsack Dec 8, 2015 12:13 AM Flag

    This pro west government will definitely help Yamana… It has long been my contention that we would see this shift and given a year or so of political stabilization and Peso collapse and then appreciation we will see a push into resource development.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Dec 1, 2015 10:24 AM Flag

    Most mining companies have been cherry picking their ore bodies for the highest grades in order to maintain profitability and cash flow. Eventually this results in difficult times for the miners if price does not recover. It is a starvation game at some point for the weaker players.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Dec 1, 2015 10:17 AM Flag

    This is an impostor post: Please note the r & n (rn) that is looks very close to the (m) in my handle. I have reported it to Yahoo with no result and you can too. Thx

    Sentiment: Strong Buy

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