Admit to not being familiar with either Girard or Regusci. What gives, Bill? Not choosing to support with purchases good ol' 'Americano' wineries, or at least wines with patriotic sounding names? Recall after 9-11 the move to 'ban' the use of the words 'French fries' since the 'frogs' were not giving wholehearted backing to Dubya? So, what the heck kind of anti-American outfit are you running? LOL!
Current vol. on Canadian exchanges about 5x that of in U.S. (393K vs. about 80K) if that makes any difference to you.
Then again, this being Wednesday, you and your workplace colleagues are undoubtedly now only focused on the forthcoming cabernet offering. And the selection du jour is?
As you well know, V, I 'sat on my hands' twice before when it hit the .70 territory. No need to elaborate more on that issue.
Per the newest drilling results, somebody i know asked about a what level the quoted 1% and 2% grades were found--that is, within the 'targeted area" ? In short, the overall announcement appears to be hopeful, but a few more specifics might help? Then again, V, you know a heckuva more about mining than I do.
Lastly, though the SP made today a brief pop to circa .67, I noted a few minutes ago it was around .62. Likely many investors now have the attitude drawn from the motto of the state of Missouri: 'Show me.' And yes, word on actual. committed JVP's surely needed.
Usual insightful and right-on-the-mark post, V.
Just one comment about the newest MF predictions. While I' d guess they are correct in the assessment of the future prospects for P2, on the other hand, respecting past predictions per TGB, MF is no less than a poster child for the adage: "Here they may not be wrong, but then again we've never known them to be right.' As in, my recollection is that many, if not most, times before MF was an unabashed TGB enthusiast.
As for the comment about another possible forthcoming 'excusefest,' perhaps it was built into the latest from Russ, that for the 2nd Q running TGB encountered 'especially' (like Gibraltar wasn't already about the lowest CU ore grade mine around!) low grade Cu ore, BUT (have we heard this before) "next" Q things should return to 'normal.' Only problem there is that for a LONG time now, the ongoing message from El Jefe has been that others need to believe in the 'manana syndrome,' things will be better later. Hey, Russ, many other observers instead subscribe to the saying of the one-time coach of the Washington 'Redskins' (no affront to the FN intended!), George Allen" 'The future is now."
Ah, the elixir of the gods- boxed vino! Frankly, I'd rather drink sweat!
So you sought to buy more , eh? Hope that worked out for you.
As for me, I'd trying not to let the admitted persuasive critical feedback of Vegas not bum me out too much. Even though 'deep down' I suspect he may well be right.
Anyway, I confess to remaining somewhat conflicted. On the one hand, the ever present impulse to sell and just take the profits. Contrasted with the 'hope' that CEO Smith brings this all to a quite positive outcome. Too, I figure where else at this juncture am I going to put $ to work in what seems like an overbought market? With TGB under the sage leadership of Reverse Course Russ? Last, twice now when it was at or above $.70 I balked at selling, and then twice down has gone the SP. And such is the world of the markets and investor emotions. Woulda, coulda, shoulda, the buzz words per NIOBF.
Tomorrow still ticketed to be another Cabernet Wednesday? Hopefully you won't be offering up either Franzia in a box or, if feeling more inclined to serve from a bottle, $2 Buck Charles?
Am waiting. Show me the post you insist I made that indicated the necessity to 'pay homage' to the FN.
As for your ongoing perseveration about long gone P1, it's totally irrelevant, slick.
As for G and Aley, how utterly infantile to state that those who simply point out incontestable facts are allegedly engaging in 'emotional tirades.' get a grip. Aley is going nowhere, and thus the millions of $ thrown its way are just that- wasted effort and money. As for G, since completed, at a cost of $300 mil +, do tell, how many PROFITABLE quarters to date have resulted, and how many times has Retrograde Russ sought to 'explain away' the shipment shortfalls? And about those long ago promised 'significant' reductions in production costs at Gibraltar?
And as for you being obviously focused with how "Russ views current events"- well the guy has LONG been VERY short on overseeing the creation of positive financial outcomes but VERY long on issuing what, at best, has been a string of bogus excuses fr the string of quarterly losses.
Any more responses to your goofball, reality-denying posts will be a total waste of time. Good luck with your continued immersion into the world of TGB Fantasyland.
Can't disagree with your always insightful analysis, V.
Aside from my prior stated concern about the to date failure to attract JVPs.
Another thing that still has me wondering is why--per the two private financings (just the first or both) the lock-up period for shares purchased circa $.15 and $.18 respectively, was just a few months (save for some unknown American investor who is required by U.S. law to hold her/his shares for a year). Yes, I understand that CEO Smith was by far the biggest buyer--ad I do very much appreciate his support and confidence--but if the ELK Creek endeavor is deemed a longterm one, then why the very brief lockup period, of just few months (April 2014 as i recall)? Or maybe all along the goal is to try to sell out and/or take it private? But who knows?
Will be quite interested, if yet another round of less than anticipated #s surface, if Russ will reach into his bag of often used tired excuses, or perhaps surprise with a completely new one. e.g., like the last one about those darn choo choos, unless something like claimed hotter than usual weather somehow warped the tracks in the newest instance!?
As per the norm with the determined Russ acolytes. this is yet another salient example of selective memory. Too, I see you hardly veiled attempt to conflate certain subjects, as in, you said that I had been on the FN bandwagon (totally false), then rather than acknowledging your false misstatement, you talk about prior expectations for P1 approval. Slick.
The many, many flaws of the CEO go beyond the issue of Prosperity. Foggie recently identified one- the bonehead move to sell 25% of Gibraltar essentially too cheap as he was so sure P1 would be approved. Then the arrangement with Franco Nevada (presumably still applicable if by some miracle another P is approved?) which would supply TGB with something like $350(?) mil for P mine development, while as part of compensation to Franco, TGB would see gold to Franco for $400/oz, that at a time when gold was going for several times that. And given TGB's history of VERY high Cu production costs, that hardly gives one optimism that the same would not apply to any P gold extraction costs. I also note with interest you declined to address the matter of how the $300+ mil spent on the Gibraltar 'upgrade' has has failed to deliver the promised financials, or the ongoing parade of lame excuses for why the promised Cu deliveries came up short, etc.
Finally, your dream scape scenario about P approval and the projected vindication for your beloved guy- well, you keep on wishin'! And as for Aley being anything but a huge waste of #$, you are loopy to think otherwise.
Well, evidently you are willing to gloss over, if not totally disregard the all-too-numerous blunders made by 'your guy.
As for the sheer economic idiocy of putting any $ into that endeavor, the underlying many facts are obvious to anyone other than those who prefer to sugar coat matters. And referenced 'improvements' related to a project that is going nowhere, but for which many, many $millions have been thrown away?
As for your first bit of rhetoric, I see you did not acknowledge that neither I, nor the likes of Foggie and Vegas, to name just a few, ever made comments 'siding' with the FN.
Finally, apparently you do not subscribe to the old Harry Truman adage: 'The bucks stops here.' So instead some elves are instead responsible and accountable for the array of obvious miserable SP and earnings performance indicators pertaining to TGB going back several years now? Fascinating mindset you've demonstrated.
Geeze, Foggie, a little slack, please. Surely you understand that to list ALL of the royal screw-ups, misleading assertions, etc. by el jefe, well, that would require several pages! LOL
For the record, I for one NEVER posted ANY comment to the effect that the CEO needed to pay "homage' to the FN. Not have I EVER suggested I favored anything about the position of the FN with respect to Prosperity. Capeche?
That stated, the ongoing problems with TGB, e.g., the to-date $300 mil spent on G upgrade has yet to do anything except generate more Russ excuses why still more losing quarters, the many millions absolutely wasted on Aley, etc speak for themselves.
Either these last trades on Canadian exchanges (15 min. time delay) are partial fills, or what? Who, pray tell would buy 100 shares of a penny stock?
At the moment, per today's volume, though of no real, lasting significance, vol. on U.S. exchanges (about 282K) more than Canadian (about 245). Per the latter, no doubt those traders are 'fleeing the exits' and taking their cash to buy 'Russ!' LOL
Time ET Ex Price Change Volume Buyer Seller Markers
13:58:45 V 0.69 -0.04 200 59 PI 13 Instinet
13:07:08 V 0.71 -0.02 100 36 Latimer 59 PI
13:07:08 V 0.71 -0.02 500 36 Latimer 143 Pershing
13:03:29 V 0.69 -0.04 499 59 PI 143 Pershing
12:55:41 V 0.69 -0.04 3,000 14 ITG 1 Anonymous
12:48:51 V 0.69 -0.04 500 1 Anonymous 143 Pershing
12:48:14 V 0.68 -0.05 3,500 79 CIBC 58 Qtrade
12:47:25 V 0.69 -0.04 500 1 Anonymous 143 Pershing
12:38:30 V 0.69 -0.04 500 2 RBC 143 Pershing
12:38:30 V 0.69 -0.04 4,000 1 Anonymous 143 Pershing
Bill, and you could not have seen fit to leave a case or two behind for them to imbibe at their own discretion? LOL
As for the Smith interview, I have remained awarer what essentially he said- e.g., that they wanted to ascertain certain data to avoid the likes of fruitlessly spending time and $ --per a mine, digging into unproductive areas, or roughly words to that effect. Keep in mind that I viewed that video interview several months ago.
Whereas my reference to a recent Vegas posting was-- I'm unclear if he was suggesting that these basically same types of probes had already been performed, long ago by MCP, and then more recently during the qredf period and thus the recent assay work is really no more than a repeat, all done in order to push up the S, or thoughts to that effect.
My personal view, admittedly not informed like the greater expertise of Vegas, is that instead Smith was describing the need for both updated and somewhat different NB bearing analyses.
Per lower vol the past few days (although much more today leading to a drop of a few cents) it was just a passing comment, no more.
Enjoy the cottage time.
Never before heard someone suggest that the words Russ and vindication went hand in hand! To most longtime posters that likely seems a rather farcical 'stretch' but .hey, everyone is entitled to express an opinion.
Bill, evidently I either misquoted you, or attributed to you a comment by another re: trades fees. Mea culpa.
Vol. certainly low these past two days. Perhaps another 'resting phase' waiting for more drilling results?
Vegas certainly knows a lot more about the world of mining than I do. Since he's 'gone' for a bit, I don't now have the chance to ask him if he believes that all of the new drilling is no more than a duplication of what transpired in the past, either via MCP and perhaps QREDF. One concern I had before was that qredf seemed(?), if my recall is correct, to indicate (a few years back) when talking a several potential 'majors' as investors was at that juncture sufficient drill results were already available.
As for going to or above a buck, sure hoe you are right. But as you, Vegas, et al always say, a good dose of caution is always a good thing.
So, does your last remark mean that your employees are, or soon will be imbibing Caymus on Cabernet M-F?
Have a nice holiday. Cheers.