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Allied Nevada Gold ┼×irket Message Board

pm_guru_1 752 posts  |  Last Activity: May 1, 2015 2:26 PM Member since: Oct 18, 2011
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  • Just as an amateur watching these guys a long time, I am guessing the sector leader in silver (no, not SLW lol) will be a consolidator and take this out while it's still cheap. $16 silver is NOT what it will cost in the future.

  • pm_guru_1 pm_guru_1 Feb 10, 2015 1:24 PM Flag

    What about now that it's confirmed they can and are pumping up to 29000 bpd?

  • IAG sold Rio Alto the awesome La Arena project that built Rio Alto into a $1B company being bought out by Tahoe. Today, Rio Alto a junior with almost nothing 6 years ago has been a 20 bagger and trades at steep premium to IAG. Have to research whether that was under Conway or Letscwhinn 's watch just for chits and giggles.

  • pm_guru_1 pm_guru_1 Sep 24, 2014 1:46 PM Flag

    The niobec mine is long life. Like half a century or more. They don't have to ever expand there. They did a study a few years back they could mine it 4x the current rate if they spent a fortune. Niobec is the best thing going for iag now, so Letlose will probably sell it for 15 cents on the dollar for his next shrewd move. Lol

  • pm_guru_1 pm_guru_1 Sep 22, 2014 3:24 PM Flag

    Stick with physical bullion you take delivery of, and actually OWN. Not a Ponzi chain of derivative ownership that might become embroiled in a legal mess. Read the Prospectus. Lol

  • pm_guru_1 pm_guru_1 Sep 22, 2014 3:00 PM Flag

    I've been saying this value destroying clown needs to go for over 2 years. They could have spun off Niobec a couple years ago for $3 a share. It's a great asset. The NPV on a major expansion is 3x current IAG value! Can you imagine the dry powder IAG would have to scoop up great assets now at fire sale prices had they not blown their wad on 1g moose pasture?!? This company once had the strongest balance sheet of ANY gold miner. It's hard to argue there has been a worse mgmt team and there is plenty competition in that space!

    Sentiment: Hold

  • Reply to

    Best in class by far

    by metalmeister79 May 9, 2014 11:40 AM
    pm_guru_1 pm_guru_1 May 16, 2014 2:35 PM Flag

    They certainly have exercised some discipline with Navidad, walking away from Orko/La Preciosa, and next I would expect them to lower the dividend if silver remains under $20. I'm not in PAAS for the dividend, but the long term capital gain that will occur simultaneously when general equity investors are as disgusted as PM investors are currently. And PAAS is in the catbird seat with lots of cash and will be able to buy quality assets at distressed prices. These PM companies need to look into selling directly to sovereign wealth buyers and skip the usual channels. Surely someone in China wants to buy 25M ozs of white shiny. That's only have a half a billion! The houses in my Zip code are worth more than all of PAAS annual production?!? Something is wrong with this picture.

    Sentiment: Buy

  • Reply to

    The Management has shown its glorious colors

    by nelson20847 Apr 23, 2014 9:51 AM
    pm_guru_1 pm_guru_1 Apr 23, 2014 1:23 PM Flag

    The most lawless people in the world are the Zionist #$%$ that run the USSA federal govt. go eat s and die TP.

  • Reply to

    PAAS go hostile on CDE

    by esyslpr Mar 11, 2014 11:05 PM
    pm_guru_1 pm_guru_1 Mar 19, 2014 2:40 AM Flag

    I agree. But the premium is too large. CDE holders will accept to get a nice dividend and better mgmt and balance sheet. The combined company would be very compelling in terms of future earnings power with 50-60M ozs of Ag eq production. Maybe more than that since CDE is producing a lot of gold too. I like it. But I'd really like it if theyd go hostile on aurcana which is down 90% and has a sweet little mine in Peru with well over 100M ozs silver, and I'm sure the shafter mine in Texas will eventually be worth something at higher silver prices. Aun is trading for chump change. Paas could buy them, add 3-4M oz low cost production immediately and not even notice with no dilution. Adding 20% value with a small non dilutive transaction is preferable to a merger of equals scenario IMO, but with silver only $21 silver investors will make out like bandits either way.

    Sentiment: Buy

  • Its just too cheap! All this cash and barely trading with a positive EV lol. Gentlemen, this is a 10M global resource with the capability of producing 400k ozs and is fully funded. And it's economic to operate even at the lower gold prices. I can understand an explorer trading for near cash if they don't have any means to reach production without a major capital raise, but not a producing mine, and a large one at that! I sold out of this back when it was Keegan at much higher prices, but I have to say I'm pretty damn confident a longer term position here should stroke me nicely.

    The next $1000 move in gold from here is $2325 not $325!! (bwahaha)

    Sentiment: Strong Buy

  • Reply to

    A joke that Letwin is still CEO..

    by thestockmaven Feb 24, 2014 10:09 AM
    pm_guru_1 pm_guru_1 Feb 24, 2014 3:44 PM Flag

    Give the bum an #$%$ whooping on the way out. Take all his money and issue a special dividend to shareholders LOL.

  • Reply to

    Letwin needs to be...

    by checker_soft Feb 8, 2014 10:56 PM
    pm_guru_1 pm_guru_1 Feb 11, 2014 3:06 AM Flag

    Yes. Stock will pop 25-35% in one week after change of CEO. It does seem like quite a few of the miners have been so poorly guided it almost looks deliberate. IAG sold its JV with Gold Fields for $600M and bought a late stage exploration property and floated a huge note offering. These guys could have bought 300-400k ozs of additional production EASY with the money and no dilution. Instead this. Off with his head.

  • Reply to

    Is it fair to blame management?

    by warmcamp Dec 23, 2013 6:52 PM
    pm_guru_1 pm_guru_1 Dec 23, 2013 8:59 PM Flag

    Screw that warmcamp. IAG CEO is an idiot. He bought a low grade moose pasture for over half a billion dollars, took on $600M in debt, and they have #$%$ to show for it.

    You're full of it.

  • Reply to

    Shafter closed

    by mirzaotovic Dec 19, 2013 9:32 AM
    pm_guru_1 pm_guru_1 Dec 21, 2013 11:44 PM Flag

    Except it won't be a friendly.

  • Reply to

    Shafter closed

    by mirzaotovic Dec 19, 2013 9:32 AM
    pm_guru_1 pm_guru_1 Dec 21, 2013 11:43 PM Flag

    This is going to get scooped up soon like how PPP nabbed Brigus.

    Sentiment: Strong Buy

  • Reply to

    Lenny has to learn about accountability!

    by dagringo Dec 21, 2013 9:04 AM
    pm_guru_1 pm_guru_1 Dec 21, 2013 11:32 PM Flag

    It's nice to see 20% pay cuts across the board for mgmt and bod, but maybe a new person would be better. Lenny should have been smart enough to know it wasn't worth the risk of bringing Shafter online with $19 silver. At least they should've halted it a couple months ago when it was clear they were going to smash silver back down for a retest.

  • Reply to

    Time to make a production acquisition

    by slvrbull75 Dec 11, 2013 12:35 AM
    pm_guru_1 pm_guru_1 Dec 21, 2013 11:25 PM Flag

    Should like the idea even more now. Look at Aurcana down another 50%! They are trading like they are headed for bankruptcy. They are putting the #$%$ Shafter mine they were attempting to revive online on care and maintenence. It's not worth mining until silver is $30+. Too many input costs. HOWEVER, the La Negra mine in Peru is a nice grade with low costs. Probably not going to be AG that buys it, because it's not in Mexico, but maybe Fortuna or PAAS or SSRI or somebody comes along. La Negra throws off cash at even $19 silver. Not a lot, but it doesn't lose money. Aurcana just took on a $50M credit facility, and after they write down Shafter, I don't think it's lights out for Aurcana. Mgmt and BOD all taking 20% pay cuts, so I don't think they're grifters. Who knows? I like AG that's for sure. Let her drop and capitulate. Like a singer said, "I'll be thereeeeee." AG will eventually be a solid dividend payer when people understand paper silver is not silver, and the bullion banks have less gold than Mr. T.

    Sentiment: Buy

  • pm_guru_1 pm_guru_1 Dec 21, 2013 11:17 PM Flag

    We don't do Dem/Rep politics here on the gold boards, we are smart enough to know both parties suck.

    Sentiment: Buy

  • Reply to

    accept this offer?

    by seventhdigit69 Dec 17, 2013 7:49 AM
    pm_guru_1 pm_guru_1 Dec 17, 2013 12:52 PM Flag

    This offer is sealed and done. GG owns 1/4th. They will probably want to buy PPP eventually. PPP is a great company among its peers. There is a small chance of another bid. IAG, EGO, BTG, Alamos, AEM, AUY being the obvious suitors imo. I think Brigus is too small for the NEM ABX KGCs of the world. But BRD is still cheap enough smaller midtiers will take a look. Even #$%$ Aurico could bid LOL.

    Sentiment: Buy

  • pm_guru_1 pm_guru_1 Dec 17, 2013 12:41 PM Flag

    Hell yes PPP is getting a good deal. They're adding 105-120k ozs of low cost production and a couple million ozs. Black Fox has a lot more gold than the 43-101 indicates, and Grey Fox is becoming substantial in short order. BRD provides an immediate production increase of ~66%, and with only 25% dilution. That's accretive.

    Furthermore, PPP is buying BRD at rock bottom prices. BRD at 60-80 cents is a giveaway. As a longtime BRD (and formerly Linear Gold shareholder) I am disappointed in the price, but excited about the future because PPP is on a short list of up and coming future stars - the emerging mid-tier class. These companies give you the growth and upside potential of the juniors, but also the stability of the majors. With GG owning 25% of PPP, I think it's only a matter of time before PPP shareholders become GG shareholders. That would be nice, GG is best of breed of the seniors. I was expecting BRD to rise over $1 level in the coming year anyway from continued Black Fox performance. BRD was trading at 60 cents and less and popped big on last quarter earnings as they continue to produce net income even at lower gold prices and add more ozs to the 43-101. I would be really #$%$ if some #$%$ gold miner had made the bid, but I like PPP. Been a big fan of Joe Conway for many years as a former buyer of IAG at $2-4 before it went to $25. His deals with IAG - Cambior and Orezone - were masterful. He's very smart. Good buy on Brigus. Look at what IAG has done in his absence and look at what he's done at PPP.