fortunately I am breaking even on this for now...but the other 2 shares I bought on the same day are almost up 40%. Im holding for the next q. Want to see if they can lower costs.
Im long AG at these levels, but I will tell you this: you are bonkers if you think AG is being singled out for what they said.
They had a stinker of a quarter and their costs were nowhere near what they promised. This is why were are under performing. I would suggest if this is your only holding, sell some and balance your portfolio out with a few lower cost producers like SSRI or Fortuna....these will likely outperform ( at least for the next 6 months )
I bought ssri and iag at the same time and am up 30% plus while this is at break-even.
I did not expect it to rise so fast.Very tempted to get out for a lower entry point. I got lucky on price to say the least.
I bought SSRI, IAG and AG last week and the week before.
These things have gone up too fast and AG actually looks brutal IMO from earnings perspective and there are clearly sellers in the name.
I have a feeling its time to take some profits. I sold my AG today and held on to IAG and SSRI. Likely selling tomorrow.
I feel your pain bro.
You may be right or wrong here...nobody has a clue. If silver stays down at these levels for 1 yr or more AG is in massive trouble and will need to do a financing likely 50% lower as thats where it will head. Companies like PAAS, Fortuna and TAHO are better bets in a lower price environment.
That being said I went long AG, SSRI and IAG this past week. IF gold/silver recovers these will move 500% in the next few yrs.
Thats the mkt. I sense massive fear and everyone is calling for more capitulation. I believe we are at bottom. I could be wrong of course.
One thing for sure, is never listen to these so called pos like Armstrong, Sprott, etc...they are all playing their own books.
look, I am no basher. I trade the stock and hold gold/silver long term. Have added tons of silver below 18 bucks.
I think PAAS has exceptional mgmt and is one of the best silver miners out there.
I was simply stating the #s were brutal which they were...also most silver miners are up more than PAAS today.
I wold love to go long but think too early. Peace.
I did buy some NUGT as a trade today and out for a profit so not an anti gold guy at all.
also, i bought gold at 800 bucks, and silver at 12. Sold all my silver at 34, and buying back all the time below 20.
Also buying miners as of a week ago.
Bet u Ill make 500-1000% in 5 yrs.
Armstrong and co are simply trying to frightened the poor sheep.
hmm...I know his ridiculous Pi model well and its utter nonsense. The guy is a criminal who did his time. And you trust him?? You are dumber than dumb.
unfortunately yes...but that is my opinion only.
One should always invest on his own. I can see gold/silver going lower and staying down. Then PAAS could go up to 50% lower.
On the flip side, silver could move back above 20 on a short squeeze and stay there and PAAS will be back at 15.
At this point I prefer too stay on the sidelines.
should be an interesting trading day to say the least...with them missing badly and silver down a bunch.
Im starting to get the feeling that these miners have another 30-50% to fall but maybe the fact that I am thinking this way signifies a bottom.
I cannot justify any purchases of PAAS for the time being.
I respect Armstrong, but his model is pure nonsense...its simply garbage.
Im not saying he is wrong in his prediction however. And if that is the case we will see miners destroyed. We can see AG down 50-70% from here and in need to dilute at those prices.
This is the risk.
On the other hand, we can rise from here dramatically and this could double quickly.
Place your bets.
.04 cents is expected...will divvy be slashed? what will guidance be?
AIl in costs for producing is just under 17 at moment, so PAAS is bleeding now.
My guess is they will cut divy in half.
If gold tanks to under 1000, the cash will save them for a while.
In a distressed situation, Niobec gets sold for 50% discount.
The only reason I am buying here is the Niobec sale.