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HSBC Holdings plc Message Board

markedtofuture 150 posts  |  Last Activity: Apr 30, 2015 7:31 AM Member since: May 25, 2011
  • markedtofuture markedtofuture Apr 30, 2015 7:31 AM Flag

    It took 7 months for that best short term outcome to play out. What happened after the tires were kicked?

    Allied has been quite the cash cow for management and directors, according to filings. It's clear, they would not want to lose out, by another miner taking majority interest.

  • markedtofuture markedtofuture Apr 29, 2015 9:17 PM Flag

    Aren't you the least bit interested in how things went down? We do know that I/R gave the heads up just under 2 weeks in advance about the time of an earnings release.

    lenny.squiggy • Mar 14, 2015 9:42 PM
    Per Tracey in IR, earnings will be released on March 26th but I am not confident of anything they say

    10-K: ALLIED NEVADA GOLD CORP. Published: Mar 27, 2015 1:10 p.m. ET

    Disclosure - this is total speculation and is nothing more than coincidence.

    Do a google search of flanders automation and see what kind of information can be found. For example...

    We’re Never Satisfied

    Since our inception in 1947, FLANDERS has been driven by the need to develop better products, techniques, and materials and to apply them in new ways to meet our customers’ needs.

    More than six decades later, we remain on the forefront of advanced technology and innovation for the metals and mining industries, applying our experience, knowledge and insight to develop unique solutions to your operation’s unique challenges.

    Our most recent advances for the mining industry include the FLANDERS ARDVARC® (Advanced Rotary Drill Vector Automated Radio Control) drill automation system, the SureTrip™ dipper trip system, Freedom™ open architecture platform, and DC-to-AC Dragline Upgrades.

    To learn more about how FLANDERS is revolutionizing heavy industry...

  • flanders.automation • Aug 13, 2014 4:40 PM
    Allied Nevada isn't a startup and the board and other "founders" like Pescio know what the potential is so I also don't think a buyout is coming. They don't want to sell and will dig it out with tin cups if they have to. They can also backburner the whole project and pick it up in 3 years, not like the gold is going to evaporate. These people are miners, not executives, and don't know how to tap capital markets so that's why we sit here at $3.12. I'm sure they had many offers to partner up but they want a partnership and not a takeover or sale, and on their terms. The best short term outcome is for volume to dry up, short % to work it's way up to 50%, and everyone just gives up and sells ANV at a loss. This will be a $10+ stock not because of management, but in spite of management.
    - The recurrent theme.... BOD does not want to sell the company !

    flanders.automation • Nov 25, 2014 12:33 PM

    She did mention 1 share of GG for every 5 shares of ANV but that was 2 weeks ago when both companies were trading lower. When I questioned majority ownership, she said the conditions for the exchange required ANV to own a minimum of 51% of the shares. My rough figures show that Hycroft could be fully funded with as little as 30 million shares

  • markedtofuture markedtofuture Apr 28, 2015 11:17 AM Flag

    The news is from over a year ago. That was the point!

    Gold was around $1300.00 an oz and silver was around $20.00 when they sold those properties. There is a pattern of selling properties for half price.

    The project economics are quite robust, with a 60% after-tax IRR and an after-tax NPV (6%) of $98.7 million. Analysts valued Hasbrouck at much higher values, with Scotia’s analyst, Trevor Turnball, believing the value to be closer to $75 million. Cowen and Co’s Adam Graf believes the market value is closer to $60 million. The steep discount could be due to the fact that Allied Nevada has its hands full with Hycroft and needed to shore up the balance sheet in case of further weakness in the gold price.

  • Jan 27, 2014 WKM/ANV – West Kirkland to Buy Allied Nevada’s Hasbrouck Property for $30 Million

    Bought Hasbrouck gold project in Nevada for $30 million??? Snippets from article:

    The deal is subject to West Kirkland being able to obtain the necessary financing. According to their third quarter financials, West Kirkland had less than $900,000 in cash on the balance sheet. Allied Nevada has also agreed to sell the Three Hills project which consists of six patented mining claims and 100 unpatented mining claims located nearby in Nevada to West Kirkland.

    Allied Nevada released a preliminary economic assessment on the project in April 2012. That report envisioned an open-pit heap leach operation with average annual production of 135,000 ounces of gold and 540,000 ounces of silver at an average annual adjusted cash cost of $555 per ounce for a five year mine life. The production plan assumes mining and processing the nearby Three Hills mineralization ahead of Hasbrouck mineralization.

    The project requires significantly more drilling to update its current resource and mine-plan which hosts 1.2 million ounces of gold and 29.3 million ounces of silver in the inferred category (grading 0.009 opt Au and 0.228 opt Ag). The potential to extend the mine life exists as the Hasbrouck deposit remains open.

    The project economics are quite robust, with a 60% after-tax IRR and an after-tax NPV (6%) of $98.7 million. Analysts valued Hasbrouck at much higher values, with Scotia’s analyst, Trevor Turnball, believing the value to be closer to $75 million. Cowen and Co’s Adam Graf believes the market value is closer to $60 million. The steep discount could be due to the fact that Allied Nevada has its hands full with Hycroft and needed to shore up the balance sheet in case of further weakness in the gold price.

    Stalking horse properties are worth $17.5 million???

  • markedtofuture markedtofuture Apr 27, 2015 4:14 PM Flag

    It wouldn't surprise me if this whole operation was timed going into the low in Gold.

  • Reply to

    ANV Special Meeting

    by markedtofuture Apr 24, 2015 8:43 PM
    markedtofuture markedtofuture Apr 25, 2015 12:07 PM Flag

    The US trustee isn't taking the share count to get the 20% required for a vote.

    It is a group of activist shareholders that are doing what is right. They had my share count 2 days ago. This is just the beginning to get the votes needed to have a vote on replacing the folks that caused this mess. How do you think the EC got going?

  • markedtofuture by markedtofuture Apr 24, 2015 9:03 PM Flag

    They are putting shareholders together to get a share count. Details on the ANV board.

  • deatails are on the ANV board

  • markedtofuture markedtofuture Apr 24, 2015 8:59 PM Flag

    They are prepping gold for the Fed meeting next week.

  • Reply to

    ANV Special Meeting

    by markedtofuture Apr 24, 2015 8:43 PM
    markedtofuture markedtofuture Apr 24, 2015 8:45 PM Flag

    Shareholders,

    We are requesting a share count to see if we can get enough votes for an emergency shareholder meeting for a vote to replace current management. Please see below link and either email me a count of your shares currently held in Allied Nevada Gold Corp or the email in the link.

    http://seekingalpha.com/instablog/14354072-herbert-samuel-jennings/3939696-allied-nevada-gold-special-shareholder-meeting

  • markedtofuture by markedtofuture Apr 24, 2015 8:43 PM Flag

    Posted on other board.

    Special Shareholder Meeting
    I just added an instablog to Seeking Alpha, related to ANVGQ. It is related to the formation of a Special Shareholder Meeting which could be used for removing the current board and management. I encourage longs to read it and send in their info to the EC, so they can count towards the formation of a Special Shareholder Committee. That could help us to unite and remove the current board & management, whose actions have gutted shareholder value so badly

  • markedtofuture markedtofuture Apr 24, 2015 9:16 AM Flag

    from stocktwits ANV message you will find the link to the 10-K/A Amend 1 below this comment.

    cdameworth
    ANV Why did the CFO get a 10% raise last year when they are now filing ch. 11? 150% cash incentive plan? Put these guys in jail.

  • Filed April 23, 2015

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    FORM 10-K/A
    Amendment No. 1
    ALLIED NEVADA GOLD CORP.
    Base Salary Medical Benefit Continuation
    Annual Cash Incentive Plan Life Insurance Proceeds
    Equity Incentive Plan Accelerated Vesting of Equity Awards(4 )
    Equity Incentive Plan Payments Upon a Change in Control

    2014 Director Compensation Table 2014 Outstanding Equity Awards of Directors at Fiscal Year-End Table

    Pursuant to the compensation program for our non-employee directors, each non-employee member of our Board of Directors received the following compensation for Board of Director services, as applicable, for the period beginning on April 1, 2014 through March 31, 2015:

    $100,000 per year for service as Chairman of the Board;

    $60,000 per year for service as Audit Committee Chair;

    $45,000 per year for services as chairman of other committees;

    $35,000 per year for services as non-chairman directors;

    $5,000 per year per committee for service as committee member; and

    An annual award of equity in the form of deferred share units having an aggregate grant date fair value equal to $100,000 at the time of grant. Awards vest rateably from April 1, 2014 through March 31, 2015.
    In addition to the above, for his services as the Executive Chairman of the Board of Directors, Mr. Buchan received an equity award in the form of restricted share units having an aggregate grant date fair value equal of $1.7 million, which vest in equal annual installments over a three year period.

  • Reply to

    ANVGQ running on good volume and EC info

    by allsport232323 Apr 8, 2015 10:53 AM
    markedtofuture markedtofuture Apr 23, 2015 8:39 PM Flag

    longshortfast writes: The fire start and we break the resistance at 0.128.

    When the volume explode and it appear to , easy double.

    Strongbuy

    You called it as you saw it. Let the EC do the rest.

  • markedtofuture markedtofuture Apr 23, 2015 6:58 PM Flag

    2. Jaeger's attorney did not return phone calls, Patel's attorney declined comment, and Kirkpatrick's attorney, Lucy Karl, called Spence's statements "recycled poppycock" made in order to help her motion for an early termination of her supervised release, which Spence was granted two days before Christmas.

    "On the eve of Thanksgiving, she regurgitates an old allegation, giving new meaning to the phrase an old stuffed bird," Karl said.

    A lesson for students

    Karl was contacted before Thanksgiving, but Spence talked to NHBR at the end of September in her backyard, agreeing to tell her story if she had a chance to review her transcript, which she did, with minor edits, in November.

    In that wide-ranging interview on the deck overlooking her spacious backyard in Newfields - where she lives with her dog and her 91-year-old mother -- Spence discussed how she went along with a corporate culture of greed, her "time away" at the prison in Danbury, Conn., and telling her whole story to a stunned class of business students at the University of New Hampshire who were expecting a boring lecture by a businesswoman in a suit.

    "I started off by saying, 'For 20 days and 20 months, I had no first name and I was referred to as 03418049. I was a prisoner in a federal women's camp. Now that I have your attention...'"

    The daughter of a lobsterman who later went on to work at the Rochester General Electric plant, Spence was a high school cheerleader pursuing a degree at UNH.

    But while she was at college, her dad died unexpectedly, and she got in a serious car accident. She never finished school and went to work, ending up working for a Rochester travel agency that managed the Cabletron account.

    Back then, Cabletron was not only the biggest thing in town, it was the biggest employer in the state. Started in a Massachusetts garage by Craig Benson and Bob Levine in 1983, the company moved to Rochester, and became one of the biggest players in the emerging networking industry. cnt'd...

  • TORONTO, April 23, 2015 /CNW/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today provided additional drilling results from its 100% owned Boto Gold project in eastern Senegal and an updated resource estimate for its Essakane Mine, including Falagountou.

    ESSAKANE MINE, BURKINA FASO

    The Company announced today an updated resource estimate in accordance with National Instrument 43-101 for its Falagountou deposit, part of its Essakane Mine, located in north Burkina Faso. The Falagountou mineral resource estimate incorporates assay results from an additional 165 reverse circulation and diamond drill holes totaling 15,065 metres completed since the December 31, 2014 estimate reported by the Company.

    The new indicated Essakane in-pit resource (100% basis, including the Falagountou deposit) totals 129.5 million tonnes averaging 1.20 grams of gold per tonne for 4.98 million ounces of contained gold and an inferred resource of 10.8 million tonnes averaging 1.38 grams of gold per tonne for 0.48 million ounces of contained gold. The updated resource estimate represents a 6% increase in indicated resources from the previously reported estimate.

    The updated Essakane resource estimate benefited from both infill drilling that substantially upgraded the confidence of the estimate through conversion of inferred resources to indicated resources as well as step-out drilling to expand the overall resource base of the Falagountou deposit.

    The Falagountou deposit now hosts an indicated resource of 12.5 million tonnes averaging 1.52 grams of gold per tonne for 0.61 million ounces of contained gold and an inferred resource of 0.58 million tonnes averaging 2.12 grams of gold per tonne for 40,000 ounces of contained gold. This new indicated resource represents an 84% gold content increase at Falagountou compared to the previously reported estimate.

    Gordon Stothart, Executive Vice President and Chief Operating Officer for IAMGOLD said, "The additional higher grade material ....

  • Interesting article that was published in 2011. It matches the sentiment on this board.

    A year out of federal prison, Gayle Spence maintains that the wrong people went to jail

    BY BOB SANDERS Published: January 14, 2011

    "Is this the right thing to do?" Gayle Spence said she asked David Kirkpatrick, then chief financial officer of Cabletron Systems, at the time in 2001 when the Rochester company was spinning off Enterasys Networks.

    Spence said she was referring to so-called "three-corner deals," some of which a federal jury later concluded violated securities law.

    "Everybody does it," she said Kirkpatrick told her. "Now get out of here."

    Spence, then Cabletron's director of worldwide sales, said she shook her head thinking, "Oh my God." But she said she kept her thoughts to herself - until it was too late.

    "I should have just said, 'You know what? Get out of here. You don't have to play this game or drink this Kool-Aid anymore.'" And then she added, with angst still in her voice, "Why didn't I speak up?"

    Spence went on to plead guilty to securities fraud and was sentenced to more than two years in federal prison. The officials she testified against and helped convict got even more time. Former Enterasys CFO Bob Gagalis is still serving an 11-1/2 year term.

    Now, a year out of federal prison, Spence maintains that the wrong people went to jail. It was what she calls the "big three": Kirkpatrick, Cabletron chief executive Piyush Patel and vice president Eric Jaeger.

    "They were present at the weekly meetings. They received the spreadsheets that were maintained. If they weren't physically there, they were on the conference calls. If someone would say, 'This deal is not going to work out,' they would say, 'Why don't you try harder? Push.'"

    Not part of Spence's "big three" is Craig Benson, the co-founder of Cabletron and former one-term New Hampshire governor.

    "Maybe he was doing the 'don't ask, don't tell,'" she said, laughing. "Maybe he didn't want to know.

  • markedtofuture markedtofuture Apr 22, 2015 11:15 AM Flag

    Interesting - yahoo doesn't want their bio posted.

    Our investment management team brings a diverse background and 12-year track record as leading investors in private and public companies in North America, Europe, Asia, and Australia. Our internal project evaluations group was formerly responsible for evaluating and vetting all asset acquisitions for Barrick Gold, the world’s largest gold producer.

  • markedtofuture markedtofuture Apr 22, 2015 10:48 AM Flag

    The buyer, named in court papers as Clover Nevada LLC, expressed interest in the properties months ago but only recently agreed to the terms of a deal, filings show. Allied Nevada plans to look for other offers until June 12 and, if any emerge, hold an auction June 16.

    Clover Nevada is listed in the sale documents as connected to Elko Mining Group LLC and Waterton Global Resources Management Inc. If anyone trumps the current offer at an auction, Clover Nevada is in line for a breakup fee of $350,000 and expense reimbursement of up to $100,000.

    Waterton Global Resource Management is a private investment firm specializing in the metals and mining sector.

    Waterton Global has a proven track record of creating and building value by combining extensive technical expertise with a disciplined approach to investment management. Our integrated approach to managing risk provides effective stewardship of capital for our investors while focusing on long-term value creation.

    Waterton Global’s most recent investment fund, Waterton Precious Metals Fund II, closed with capital commitments in excess of U.S. $1 billion.

    Waterton Global Resource Management is based in Toronto, Canada.

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