"you can buy" should obviously read "you can invest in", because I don't think Coeur is in for a takeover at this stage.
Geo, it may be that they created Coeur Capital to ultimately be the vehicle where they can place (major part of) the 10 minor interests they acquired over the last 4 years. Personally, I do not consider that as being unfocused. They can buy out the better ones for development by themselves and sell the others for a NSR. It shows they had vision. Coeur Capital can be spun off whenever the market is best suited. The focus they have is clear, now that they bought Paramount. Regarding Sprott and other investment companies, right now there are few miners as solid as CDE you can buy at such an undervalued price. IMHO.
I advised several of my friends to go bottom fishing here. They will be fortunate people in a few years time.
This company has all the assets to become one of the leaders in the mining industry. The naked shorts in gold and silver will be a guarantee for that to happen.
Since they don't like pain and don't care for anyone else, they are going for the nuclear option. Oh well, history rhimes.
At the risk (or is it wish) of inviting the shorts to add a little of their venum, Coeur is behaving extremely well during what may be the last attack of the bears on gold and silver.
It wants to go higher.
Unwinding of usd/yen carry trades, that were short gold during more than 2 years may be starting today and lead to a long lasting reversal.
"Get in & Stay in."
That seems a good recommendation to me. At least until $2100 gold.
The economic turmoil will be unprecedented in 2015.
The GDX owned 5 mln share CDE. Have they been thrown out?
I see that SIL holds 5% of CDE and 5% of HECLA. Have they also sold shares at these bottom prices?
I fear that these have been cross trades from ETFs/index funds throwing out CDE (HL, GSS etc) and the naked short sellers buying the stock back. like that the index fund or ETF- holders are subsidizing the naked short sellers. Scam, scam and more scam in the unregulated US markets.
Wat a scam.
So GDXJ allows (naked) short selling of stock and once the price is too low to fit their criteria they throw the stock out of the index and let the short sellers cover in block?
In case some wonder why I was against the purchase of Paramount, while being so optimistic now: I was not against the purchase of Paramount in itself, but against the inevitable high price to be paid in shares (24% of shares are now in possesion of Paramount "owners"). It gives security regarding Coeur's survival, but I never had a concern about that. My problem with the deal is, that it takes out part of the upward move of Coeur that I expect in a few years time, when gold and silver will go to extreme high values. However, the good thing is that short term it will lead to short squeezes, because of the removal of risk of bankrupcy, which the market may have perceived, but i personally never perceived.
I am too lazy to get into the nitty gritty details. And I doubt, whether it makes much sense anyway when the parameters like the price of diesel are changing so fast. Fuel costs down 50% quarter to quarter is just bizar. I also don't know if it will last. I further expect silver and gold to start rising soon and that will change the entire picture. Roughly, I believe that by now Coeur costs must be closer to the $17/per ounce than to the $19, so they are not far from break-even. Anyway they are not bleeding cash, largely thanks to appropiate cost-cutting, something you see across the PM mining sector by the way.
The higher grades from Don Ese will not come in in the short term, so we will depend on the price of gold and silver to improve margins in the near future. I expect those prices to increase fast over the coming 6 months, so Coeur is more than tremendously undervalued.
Like so many in the sector, but this stock still has risk priced in that shouldn't be priced in: San Bart risk still puts us down a few dollars as well as the corporate risk. San bart risk should be removed by now and the corporate risk due to a metal price below cost should now also be removed, since there is enough of a cash cussion and the don Ese grades will securitize the company for the next 10 years. That should add another $3-6 to the real price. So right now Coeur is worth at least $10, also in a depressed sector. And the upward movement from $10 onwards should come fast due to the high leverage to gold and silver at this point. Which means that CDE could reach $20 pretty fast, when gold and silver get back to $1400 and $22. IMHO.
Hecla ever more extreme with 79 mln shares (8 times the average).
It just shows how many virtual (non-existing) shares there are in circulation among the fraudulous hedge funds. They will always gain at any options expiration for they are allowed to create shares out of air (beyond the official short positions). When will these people be put behind bars?
In the last hours of trading there has been extreme trading in Coeur leading to a volume for the day of 21 mln shares. That is 7 times the average daily volume.
I dare to say that Coeur has set a higher low yesterday and has finalised a bottoming process.
I overreacted, Ed, because I haven't stomached the price paid for Paramount yet. Since I am the only one, i guess I am totally wrong. Questions related to the recently revised agreement with FNV are legitimate. I just don't want to see more dilution due to Palmarejo, that's all.
Significantly Expands Resource Base Adjacent to Guadalupe With Higher-Grade Mineralization