I love the smell of shorts burning in the morning. Green Mountain was great short massacre. I cherish those kind of days even if do not own the stock. Shorts are like cockroaches, always nice to see them die.
It would be next month if India said they were dropping import ban and going back to simple 3% duty on all imports. Gold would go up $100 in one day.
I would call you two moron shorts but as xmass ever I will not do so. merry Christmas.
TORONTO, ONTARIO--(Marketwired - Oct 29, 2013) - YAMANA GOLD INC. (YRI.TO)(AUY) declares its fourth quarter 2013 dividend of $0.065 per share. Shareholders of record at the close of business on December 31, 2013 will be entitled to receive payment of this dividend on January 14, 2014.
during the last conf call this topic came up in Q & A and response was they see no reason they can not maintain div. I see gold finding bottom here and as ETF selling ends and gold goes to sticky hands (e,g no gold can leave China and little leaves India except for jewelry exports) and as new mine supply is reduced , the price will be going up. Simple S&D.
It would be there right now if India dropped the import ban. Another article said no or little retail gold available right now , the little that is has premium of $130 an oz. Do the math.
too early to say if business model will be successful or not, too many unknowns, mostly market demand / price and China unknown and ramp up but ramp to me seems to be back on track for this year. Like strategy for vertical integration for higher value end products a d potential for sorbex.See nothing driving price up or down in near term. Should get better picture 2 Q from now. My guess is this will be $3.50-$4 stock in June of next year OR 7.50 to $8 if get some breaks and market prices firm. Risk/Reward right now tells me to hold what I have.
may be relaxing gold import ban in March as public not very happy and elections coming up. Probably not complete lifting, but even modest adjustment should add $25-$50 to price. Things looking up.
but keeps price target of $59. That seems like buy to me. Buffet said looking to buy some more companies, believe this would fit his target range . Can see him easily paying $65 for company.
I am holding as see this stock back to 14-17 next 2 years. Even at 1300, many south african miners are losing money and you will see production there dropping quickly. They also have nut unions that do not understand capitalism .
Tax selling is over for mutual funds, Little people like us mean nothing. It has seen its low. If want to own this company , but it now. If don't, please don't say "would of,could of. should have" when bounces back to 10 in a few weeks.
don't forget we also still have 17 T $ deficit and after this budget still growing at 600 B a yr. Only inflation will allow country to pay that back.
not break 1200 in face of all these EXPERT predictions that gold is going to 1100 or lower. Every day they pump out more BS to scare investors and they must be getting scared to be telling us so much how bad an investment it is. Also, COMEX gold available for delivery at record low, sounds like not many interested in selling at current price.
only way it could occur is if Canada allowed China to buy and they won't after last oil sand company takeover. Can't blame them, I hate China even if costs me money.
lower the price more shares they get for buyback. Now down to p/e of about 8 , that is crazy. They could easily pay 3% div but longer term buying back is better for investors.