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Allied Nevada Gold Corp. Message Board

pm_guru_1 9 posts  |  Last Activity: Sep 24, 2014 1:46 PM Member since: Oct 18, 2011
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  • 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.

ANV
1.15-0.11(-8.73%)Jan 23 4:03 PMEST

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