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Coeur Mining, Inc. Message Board

lpet2 13 posts  |  Last Activity: Aug 7, 2014 4:27 PM Member since: Apr 20, 2007
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  • Reply to

    Coeur's tax problems ..........

    by rockyracoon2004 Aug 7, 2014 11:36 AM
    lpet2 lpet2 Aug 7, 2014 4:27 PM Flag

    Coal_You are probably right when applying the most accepted definition of Free Cash Flow. In looking at my source (Coeur's 2nd Quarter Summery) I see I jumped the gun:

    "Mine-level free cash flow2 of $22.5 million increased from $ (4.4)million in the first quarter, reaching the highest level in a year".

    A just out article by the Investment Dr. on SA had this to say about Coeur's cash flow:

    " However, if you look at the free cash flow whilst taking the changes in working capital into consideration, the company had a positive free cash flow of $14M in Q2 2014."

    He spends considerable words on the Company's cash flow and generally paints a picture of a "healthy" company. By the way, nice as you have treated me, : ) I fully agree with what Vcar had to say about your personality in an earlier post.

  • Reply to

    Coeur's tax problems ..........

    by rockyracoon2004 Aug 7, 2014 11:36 AM
    lpet2 lpet2 Aug 7, 2014 3:13 PM Flag

    Rocky_ Thanks for stepping in to clarify this complicated issue. You did, I am sure as good a job as can be done to explain the problem. Unfortunately my accounting ignorant mind cannot get wrapped around it. Be that as it may, it doesn't mean that with a higher silver price the company can't show a profit???

    You, and most good accountants have written in many forums that cash flow is a much preferred gauge of mining company's profitability than is share price. As I read it, Coeur did show a small positive cash flow for Quarter 2. Could that give an optimist hope that there is at least a candle burning at the end of the tunnel? Welcome back! Your semi-silence comment has been missed.

  • Reply to

    Inverstor Sentiment

    by semasa Jul 29, 2014 12:53 PM
    lpet2 lpet2 Jul 29, 2014 2:00 PM Flag

    sema_ I share your gloom (and loss) with Coeur. That with potential problems with Palmarejo kind of sucks the blood out of even an optimist like me. However, I am fully confident that when silver breaks out all this will change. Take a look at PAAS and you will see a company that has silver equivalent production only slightly higher than that of Coeur, YET, Pan American has a market cap 2.7 times that of Coeur. The future all depends on the price of silver. When silver breaks $25/oz, Coeur has a bunch of catch up to do. I still believe it is one of the best bets in the field and plan on keeping my slimmed down investment in the company.

  • Reply to

    silver dictates

    by edmundaronson Jul 23, 2014 5:28 AM
    lpet2 lpet2 Jul 23, 2014 5:07 PM Flag

    alex_ Thanks for the article reference. It comes up with a Yahoo search. Not sure you identified a source to contradict Ed's contention that mining in the Palmarejo undergound will cease in 2016....there is the Palo UG and the Guadalupe UG, the latter to now get attention. Good tdo read positive words from Franco. These guys know mining and their belief in the new plan is encouraging. Thanks for your good posts.

  • News article out of Seattle PI yesterday contains update on EPA thinking on that huge project in Alaska. A snippet from the news:

    "Acting under the federal Clean Water Act, the EPA announced it would limit any discharges of tailings and rock that would damage more than five miles of salmon streams, or damage 1,100 or more acres of wetlands, or cut stream flows by 20 percent or more.

    “The EPA’s proposed determination to limit fill into key salmon bearing rivers of Bristol Bay is great news for fishermen, sportsmen and Alaska natives,” said Sen. Maria Cantwell, D-Wash., Congress’ leading opponent of the project.
    “The science is clear: Even the smallest Pebble Mine footprint would have catastropic and irreversible detrimental impacts on Bristol Bay salmon."

    Things are looking grim for PM production as huge mines bite the dust. I think this bodes well for CDE and other miners who have good waste disposal systems, water supply and welcoming local populations. And, Argentina looking good. What more could we want? P

  • Reply to

    show me...

    by geomessenger_2000 Jul 18, 2014 12:57 PM
    lpet2 lpet2 Jul 19, 2014 9:47 PM Flag

    Thanks ..the always courteous Geo. I suspect you could have come back with a very pointed rebuttal and choose instead to refer to waiting to see what time tells us. I gree.

  • Reply to

    show me...

    by geomessenger_2000 Jul 18, 2014 12:57 PM
    lpet2 lpet2 Jul 19, 2014 12:02 AM Flag

    geo_ "yep...just one metric...but...meaningful...eh?" ??
    "

  • Reply to

    show me...

    by geomessenger_2000 Jul 18, 2014 12:57 PM
    lpet2 lpet2 Jul 18, 2014 11:58 PM Flag

    Geo_ A metric I look at is the ratio of Production vs market cap. AEM is producing ~ 800,000 ounces of Au this year. It has a market cap of $~7 billion . Coeur is producing ~ 250 ounces of Au and has a market cap of about $800 million.

    So, AEM produces 3.2 times the Au production of Coeur but has a market cap of over 8 times that of Coeur.

    But wait, Coeur is a silver miner and AEM is primarily a gold miner. How under valued on a PM production basis would Coeur be compared to AEM if both metals were considered?

    I agree with you that AEM is a good company and has a bunch of good things coming but I think that Coeur has been beat up beyond reason and it has some heavy duty catch up relative to most PM miners.

  • Reply to

    jualin kensington

    by edmundaronson Jul 17, 2014 7:48 AM
    lpet2 lpet2 Jul 17, 2014 11:15 AM Flag

    sorry_missed a word.

    Use "Kensington gold vein photo" for that search on Yahoo.

  • Reply to

    jualin kensington

    by edmundaronson Jul 17, 2014 7:48 AM
    lpet2 lpet2 Jul 17, 2014 11:00 AM Flag

    Ed_ If you search "Kensington gold vein" in Yahoo, the first item coming up should be a link that takes one to a number of photos. Third from the bottom with the description:

    "Here is a small gold-quartz stringer that was cut through by a core drill during exploration. This core shows coarse crystalline gold near the wall of the small veinlet. This specimen was drilled at the Kensington mine property in Alaska."

    This shows visually that short of exhaustive drilling it is hard to identify reserves in these undergound vein systems. This is not the Kensington photo showing a large gold clump that I have seen before. Still looking for that one.

  • Reply to

    nicw article by rasmussen on exploration

    by edmundaronson Jul 14, 2014 12:21 PM
    lpet2 lpet2 Jul 14, 2014 3:03 PM Flag

    Ed_ Thanks for the fast heads up on the new post:

    "Recent developments at our Kensington, Alaska site are a good example. We've just given Kensington a boost in funds as a result of their success in a zone called Jualin. During the third quarter of 2013, exploration drilling began on the Jualin area. Based on what was found, we will increase investment in the Jualin area, which has the potential to provide high-grade feed to the Kensington mill."

    Kenny has always been my favorite Coeur mine dating back to the early 2000s when I stumbled onto a photo showing a pure gold vein about 2 inches wide reported to have been taken years ago in the Kensington District. It's a big mountain...should be some more of those type hot spots to be found??

  • Reply to

    earnings discounted already

    by edmundaronson Jul 11, 2014 5:26 AM
    lpet2 lpet2 Jul 13, 2014 11:12 PM Flag

    Wild_ Your answer does not help me at all. Maybe you don't know much about the Options either.

  • Reply to

    earnings discounted already

    by edmundaronson Jul 11, 2014 5:26 AM
    lpet2 lpet2 Jul 13, 2014 6:33 PM Flag

    Ed_ So, do I read this right? Some body or bodies have put big money on the table betting that Coeur will drop to below $8 by the 3rd week in September? That would be 20,000 contacts that consist of 100 shares each....or 2 million shares that could make him/her 2 million bucks for every dollar (or fraction there of) , Coeur goes below $8??? Note, I don't much understand this option gig so some clarity might be on hand...but it seems that someone is pretty sure we are heading back down.

CDE
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