By Liezel Hill
POSTED: 09/21/2013 12:01:00 AM MDT | UPDATED: ABOUT 8 HOURS AGO
The Denver Gold Forum, the industry gathering that usually sees attendance drop when gold prices fall, is drawing more investors seeking value in battered equities this year.
Attendance at next week's event at the Hyatt Regency Hotel at the Colorado Convention Center, probably will match or exceed last year's record even though gold is down, said Tim Wood, executive director of the Denver Gold Group, which organizes the invitation-only conference. The event, which also brings together mining executives, analysts and brokers, has received increasing interest from value investors who traditionally haven't had exposure to gold equities, he said.
Miners including Barrick Gold Corp. and Greenwood Village-based Newmont Mining Corp., the two largest by output, have announced at least $26 billion of writedowns since July and are cutting spending plans after the steepest price drop in three decades. That has weighed on the 30-company Philadelphia Stock Exchange Gold and Silver Index, which has dropped 46 percent since Sept. 12, 2012, the final day of last year's gold forum.
"Obviously, there are a lot of people that are hurting, but at the same time it seems to have attracted this new segment in the buy side, and we are getting bigger numbers there," Wood said.
Costs have been reduced significantly since your last summarization.
Unfortunately, the price of gold and share price have also been reduced significantly.
But, the worm is about to turn.
Claude Resources had three assets - Amisk; Madsen & Seabee.
When Meatloaf sang his song - Two Out of Three Ain't Bad.
The audience went wild.
Just then, an old wizard who was sitting in the cheap seats waived his magic wand and said - "So be it."
there isn't much point for Claude to attend the John Tumazos Very Independent Research Metals and Mining Conference in New York they had scheduled for Oct 16.
Checking in just to tell us you've checked out.
This message board is like the Hotel California.
You can check out anytime you want but, you can never leave.
It's nice to see that you do believe in miracles.
IMO, you just might see one by end of Q1, if not sooner.
No taper in September should bode well for the POG and bring a smile to the roadshow attendees.
Now, let's see if Claude can attract some deep pocket investors.
It appears that any good news this company releases drives a #$%$ monkey crazy.
"It SO easy to blame the CEO for the share price depreciation because its really the most important metric for success or failure as a CEO. But its not the only one."
Yes, you are right in that it's so easy to blame the CEO for the share price depreciation.
And, in this instance, I DO.
As an investor, all I care about is the share price.
Accordingly, the Company anticipates that the last day of trading for the Shares on the NYSE MKT will be on or about October 31, 2013. Following delisting of the Shares, Claude will continue to file or furnish reports with the SEC. However, the Company also announced that it intends at a future date, when permitted under SEC rules, to terminate its registration of the Shares with the SEC.
IMO, we could hear more about the possible sale of Madsen in the conference call scheduled for Nov.14.
If we get confirmation, this could be a serious game changer.
I am excited about the sale of Madsen.
I was just being facetious in starting this new topic thread for the unbelievers.
It was meant to excite the zombie traders.
When gold rose to $1900, the talk on the street was it could go to $2500; $3000 and even $5000.
Neil who can't even forecast annual production properly could not be expected to have the foresight to hedge.