I like to make reference to shorting the dollar in pairings, because I believe that the USA is moving in the wrong direction resulting in hurting the middle classes. More football.
I'm not sure if silver will move to $25-$28 or gold to $1500-$1600 before the end of the year. Gold hasn't been inversely moving against the dollar and I won't bore you as to why again. What is important is that EXK will do well when more gold is brought to the surface and banked, even if metals don't move up in price soon. Time for some football.
golong: I see that you did well with OBXT, I did also. On topic: Often after earnings and conference calls, management will speak with their top fund investors, send out literature and such. In considering the Director of Investor Relations other position, she should be a natural at this. I believe that EXK will now be going for gold. It may take a bit of time, but when they do, start counting money.
So I forgot to add my conclusion which is: If they made a strong move (El Cubo) with the La Luz Madre and La Sierra vein systems, it may require additional milling at some point. Just a thought, nothing to be concerned with for many moons.
Mainman, others: I don't think the tax mining bill will slow down production, in fact I see it increasing sooner than later. Brad wants to have 'some fun' and to retire as a legend, as he deserves for his commitment. San Sebastian has some deep rich veins of gold concentration, but some of that wasn't shown in expensive diamond drilling. I'm not sure if their planning for San Sebastian will be delayed for awhile. As you said, Brad may have made hyperhole statements just before the tax bill was to be voted on. A hyperhole is a figure of speech in which exaggeration is used for emphasis or effect. The "inferred resources of 220,000 oz" and " Inf. resources of 405,800 oz" are very impressive, but conservative. Hey Quail - got EXK, got GOLD.
I just finished reading 'Deposition of the Upper Ore in the El Cubo Mine, Guanajuato Mining District, Mexico' by Riki Girnius. It was well written.
As you know drilling intersected strong mineralization in both the Villalpando vein and the Asunción vein. They already know that there's "inferred resources of 220,000 oz." which is what is now in (process) of
"increasing Endeavour's current Gold Inf. Resources by 118% to 405,800 oz."
We also know that there's a "sequence which is intruded by three main north-west trending silver rich vein systems that extend between 10km and 25km along strike. Known as La Luz Madre and La Sierra, the veins systems host gold and silver in ratios ranging between 1:72 and 1:214." I had talked about this as with the San Sebastian project in Jalisco state and extending rich veins at Guanacevi and Bolañitos by use of mapping. Mapping works well because the principal rocks hosting the ore shoots that include Guanajuato Conglomerate for the lower ores and Bufa Rhyolite for the upper ores show fault-associated deposits focused as open-space fillings in fracture zones. Veins hosted in the relatively open spaces will be/is primary mining targets. This is a easy study by the use of mapping. Stope mining with the use of scoop trans can be seen with Goog maps.
So I have a question for you in which I don't know the answer per their business plan. What will happen with tpd - when mill processing limitations are met, as it's obvious to me (us) that this will happen? Any thoughts?
So as you can tell yearly (voids) - the following was enacted: June 24, 2012
"The stock bonus plan was withdrawn by management prior to the meeting because of concerns expressed by certain shareholders, even though the Board made minimal use of the plan for situations that required special compensation (only 125,100 shares issued since the plan was started in 2009)."
I can tell who got the 125,100 shares, but hey it's such a small amount. I had posted about this before. It's all good, let's go the gold, the real gold.
Notes to the condensed consolidated financial statements
The stock option plan granting options to directors, officers, employees and consultants
Period ending June 13, 2013
Granted_____ 2,022,500_____ exercised price $4.12
exercised____ (353,000)_____ exercised price $3.56
cancelled____ (215,600)_____ exercised price $8.28
I'm wasn't strongly focused on the jobs stuff, but I had been somewhat focused on the dollar against the Japanese Yen. That was somewhat important in pricing gold today. I rather not give an opinion because I'm heading for some sleep. I just don't know going forward, as going into today was a clearer read with gold.
I had a log cabin in Tahoe and loved staying there. I've done a lot tent camping in my younger years, that's all memories. Blade does have a point, because there are some fund managers that won't touch a stock unless there's inside holding. There are several precious metal sector funds that have this policy.
"Four numbers to right of decimal" is VWAP (volume-weighted average price), but yes, it favors "high speed program selling and buying". Retail can't place buys for more than two decimals. So far today, trading looks honest.
"Gold production, up 95% to 23,000 ounces, a record quarter." It's all about the gold as a by-product bonus. That why I'm been here, going for the gold and lots of it. It's there.
We're having mixed emotions today, both internally and externally with above average volume at this time. The above volume isn't all related to responses from internals and/or externals. Dennis Gartman has an article on stocks versus gold for 2014, but similar to many other writers about commodities, he defends his trading partners with interior motives. He may be right sometimes, like a clock twice a day, but he changes his mind about twice a day as well. We're also still feeling a bit of extended day trading from a S.A. article that was sent to thousands of investors. Plus two larger trading sites posting trading advice/recommendations from last week. These guys trade on pennies, but they are wearing out.
Hopefully we'll now start to see a base and move up. Between the S.A. article and 2 promotion trading sites, we were hit with a lot of quick day trading. I liked the most recent S.A. article, but S.A. articles only bring us quick day traders. I'm glad we're not a bio-tech.
Thanks to Tokyo - PBOC, ----- China liquidity, ----- Europe and UK, ECB (central bank not likely to cut interest rates) the dollar declined and it's not likely done yet - after a 3 day decline.
I've said two or so years, many times in the last months. Did you notice why gold went up today - against the dollar and 10 year bond. Jobs on Friday - stay tuned.
Kinks, "new project development" - I also mentioned that yesterday, along with depreciation - in separate posts - "tax conditions on inactive property sustainability." I'm not going to post the fees, but there in the bill. I didn't have a chance to listen to the entire conference call, but I believe that I have all concern factors/solutions and forward accounting changes figured out. There is one easy, so easy solution, to knock the wind out new taxing, and I wish, they hire Akerman LLP.