So, Johnny- I guess investing in companies like Facebook which produce nor manufacture anything, are better choices than PMs or miners? You would rather spend $600 for an I-Phone with memory chips made from sand, the most abundant and free mineral, manufactured at a cost of $5.00 in sweat shops? How much will that I-phone be worth 6 mos from now?
GEOG does not want what HAL is peddling, they wanted what HAL wanted from BHI. BHI hsd far too many top tier serviecs that have been eating away at HAL for a number of years. HAL should do right and pay the 3.6B rather than spend the 36B. LOL, BHI will be fine on our own!
Seems like the merger is fraught with failure and HAL will end up paying the 3.6B. I for one think that is good news, however the main driver of all of this was not the merger itself but HAL's way of weakening BHI. They could not beat us and we were taking market share away from key services they relied upon. What strikes me most is how quick upper management signed off on the merger in the first place. BHI would have been fine on it's own. Go Blue!
Fired outright or asked to leave are no different. Saving face by resigning before being fired. Either way he was RUNOFT'd.
How do I know the price of beef will go up? Over 70,000 head perished in winter storm Atlas. By the way, a friend of mine just traded 100 oz of silver for 4 weaned calves, because those $500 calves will be going for $950-1000 in January.
With the current false flag "economic terror" alert behind us, one can only expect metals to go higher given that the printing presses will be at full speed. I still see 25-26 oz for silver by years end, hopefully higher, however 25 is the next brick wall and we failed to break through it in Aug. The Fed will not taper the toilet paper, so as QE continues unabated, wise investors will soon be cashing out bloated securities for commodities since inflation is going to slam head long into EVERYTHING!! Pictue this, by this January, the price of beef will double, so get your steaks today!
And what exactly happened to the price of silver during the fall of miner's share prices? The run from 1.11 to over 3.00 was due in part on short covering and the recent rebound in silver prices. Silver has pulled back from the 25.00 wall somewhat. I still think silver will end the year around 25.00, perhaps a little higher, but as with any market, it and all investors are being manipulated. Have patience, hyperinflation is around the corner.
Looks like Aurcana is holding up fairly well considering the recent meteoric rise. I suspect silver will be up tomorrow so maybe we reached bottom in the 18's, however we could retest those levels by Sept. I still believe silver will end the year 24-25/oz. which would be the next target level to break/hold. I am long AUNFF, EXLLF and CZICF, I have taken a beating on all but Canadian Zinc, just waiting for the final regulatory process to end and begin operations.
Because Barrick is looking at NWMMF. NWMMF is acquiring Auriga which Barrick owns a 9.5% stake of. NWMMF has a producing mine and is much more interesting.
200/oz would price AUN closer to 48+ per share. My bet is silver will reach 25/oz by June if not before. 200/oz sounds great and may be reality, but not in 7 years. For it too reach that level, then current currencies would need to go into hyperinflation (Zimbabwe style), the dollar would crash to zero, and it would be exchanged for the Amero. The trouble is who will be willing to trade worthless manopoly money for real silver? Still though, 40/oz by year's end is doable. Lng AUNFF!!
I do not believe that this Summer/Fall will be bad for physical silver. While I also do not believe some of the more lofty predictions of 40-50/oz by years end. I do believe we will remain range bound until, the so called fiscal cliff, it's resulting policies and negative affects are felt in the next 6 months. I don't see the banksters slowing the printing press, nor can they keep the lid on PM's. However, should the price of silver go much lower, I don't care, my average per oz cost is $ 6.75, I will buy more. The bull market in PM's will return as soon as the money comes out of stocks when the market corrects -20% by Summer.
Nope, not an apologist for anyone. Did my own DD, made a decision and bought in. Whether it bears fruit will be determined. All of the prior history of the mine is just that History! What is happening now is new and worth the risk. The name of the game is taking risks, if you don't then you will miss out and never get off the ground. I still can't figure why someone who feels that they have been screwed is still a stockholder with nothing good to say. If you are holding out hoping for a better outcome of your DD and decision to own and perhaps are currently upside down in PPS, then get over it, sell out, go away or shut up! Good luck to you and how you manage your stress, blowing your head gasket on a Yahoo message board is worth about as much as a fart in a whirlwind!
Thanks to all who have responded. I intend to buy more on any move down from here. Thanks to RJ for his overtly negative feedback as well. This along with my Aurcana, Excellon and physical metals should serve me well when the printing presses go into warp speed. The banksters will not be able to control the price of viable miners, producing miners nor the spot prices. Though I do believe that the juniors who are not into or near the development stage will lag all unless it is truly a stellar find!
rj: A few questions, You either sound disgruntled or a dumper, If and why do you hold shares? If not why, monitor this stock? I am confused. Your comment appears like so many others on various other message boards, a lot of disatisfaction with a management and dilution of shares. Well how else can one raise funds to move a mine from explor, to devel then prod. That is the nature of penny miners or any other startup in a different industry. Those are the risks we take as investors and speculation, hope drive markets. Many a fortune 500 company have gone the same route, but many of those start out with serious debts that saddle them to the point, that to stay in business they must dilute.
Made an investment in this stock, and it looks more intriguing everyday. Though I wish I had picked up on it sooner before the last major run up. I must say that having the permits in place bode well. My only concerns are any further dilution via share issuance and the silver market as a whole. Time will tell on the silver market but at the moment it appears to be range bound and a headwind holding it back via central bank meddling. As for further share dilution, perhaps the longs here have more insight. With cash on hand, no debt and permits inplace what is the cost basis of production and or time frame to production? I hope I am not riding a McCoach high, so please, I want to hear from those with valid knowledge, not pumpers and dumpers.