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iShares Silver Trust Message Board

sakhaneft 9 posts  |  Last Activity: Apr 22, 2016 1:35 PM Member since: Jan 6, 1999
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  • Reply to

    Good News

    by stockyardbull4 Apr 22, 2016 10:58 AM
    sakhaneft sakhaneft Apr 22, 2016 1:35 PM Flag

    its a great deal for AG and longterm shareholders as the balance sheet was weak and they placed it at a very high price. It will take some time to absorb but well be over 10 within a few months IMO.

  • sakhaneft sakhaneft Mar 21, 2016 4:58 PM Flag

    I own both...SSRI cash flow negative in 2016 while AG cash flow positive. Pirquitas may be shut. Expensive acquisition of Claude...lots of factors actually.

  • Reply to

    dcpayne1

    by straight4wd Mar 19, 2016 10:25 PM
    sakhaneft sakhaneft Mar 21, 2016 4:50 PM Flag

    Ive already posted this to the AG board, but Frifday was quarterly rebalancing for GDX and GDXJ:
    First Majestic Silver Corp. $FR - comment from Daniel Earle at TD Securities: Last Friday, the quarterly review results for the NYSE Arca Gold Miners Index were released. Effective at the close of Friday, March 18, First Majestic will be added to the GDX (~8.5mm shares) and GDXJ (~1.9mm share). Last week, we increased our silver price forecasts to reflect the recent improvement in the market. We now model average silver prices of $15.75/oz in 2016 and $16.00/oz thereafter. First Majestic has reduced its total cash costs to $7.87/oz in 2015 from $9.58/oz in 2014 (we model $7.10/oz in 2016) and the company’s AISC guidance of $12.29–$13.36/oz for 2016 is now on the profitable side of the silver price. We model the company transitioning to being free cash flow positive in 2016. The company has also taken steps to improve its balance sheet, as it recently secured a $60mm credit facility

  • sakhaneft sakhaneft Mar 18, 2016 6:06 PM Flag

    First Majestic Silver Corp. $FR - comment from Daniel Earle at TD Securities: Last Friday, the quarterly review results for the NYSE Arca Gold Miners Index were released. Effective at the close of Friday, March 18, First Majestic will be added to the GDX (~8.5mm shares) and GDXJ (~1.9mm share). Last week, we increased our silver price forecasts to reflect the recent improvement in the market. We now model average silver prices of $15.75/oz in 2016 and $16.00/oz thereafter. First Majestic has reduced its total cash costs to $7.87/oz in 2015 from $9.58/oz in 2014 (we model $7.10/oz in 2016) and the company’s AISC guidance of $12.29–$13.36/oz for 2016 is now on the profitable side of the silver price. We model the company transitioning to being free cash flow positive in 2016. The company has also taken steps to improve its balance sheet, as it recently secured a $60mm credit facility.

  • Reply to

    Silver Standard to Acquire Claude Resources

    by markedtofuture Mar 7, 2016 9:08 AM
    sakhaneft sakhaneft Mar 7, 2016 10:35 AM Flag

    I like Claude but feel they overpaid by at least 25%...and now a primary gold producer with some silver...I want more silver exposure so have AG and PAAS now...I bought SIL with my SSRI money for the time being as doing dd on a few. Good luck. I love the Marigold asset so it hurts to sell this one, but made money anyhow.

  • Reply to

    Silver Standard to Acquire Claude Resources

    by markedtofuture Mar 7, 2016 9:08 AM
    sakhaneft sakhaneft Mar 7, 2016 10:06 AM Flag

    wayy too expensive...I sold out at the open

  • Reply to

    Plenty of catchup here

    by sakhaneft Feb 6, 2016 11:57 AM
    sakhaneft sakhaneft Feb 14, 2016 8:06 AM Flag

    well, as predicted we got the 4 dollar breakout I was looking for last week right on schedule.
    AG is sill my second worse performer since Jan 1 so still plenty of catchup.
    What to look for now...we have to be realistic and expect a retracement of gold and miners very shortly...maybe 1 or 2 days max left of up move if that...for traders, best to take profits already.
    I sold 1/2 my short term trades on Friday and will sell the rest Tues, up or down...as for LT, no chance.
    AG will likely be anywhere from 6-8 by year end IMO.

  • Reply to

    added at 6.25

    by sakhaneft Dec 17, 2015 12:21 PM
    sakhaneft sakhaneft Feb 7, 2016 8:39 AM Flag

    well, looks like these shares that I picked up along with a bunch others in Dec from 6.25-6.90 for 6.50 average proved to be a great pickup...These were all added to LT positions and not trading.
    I have come to the conclusion that now is NOT the time to trade any miners out as the corner has now been turned.
    Im actually adding some AG and SSRI this coming week to my LT positions. Massive moves are coming.
    DC, for you especially...your time has come IMO!

  • I hold AG, SSRI, PAAS, MUX, FSM
    AG is only up 10% since the beginning of the year
    SSRI up 4%
    PAAS up 30%
    MUX up 34%
    FSM up44%

    AG is my largest position and has serious catchup to do....I never expected the massive drop after the new yr.
    Looking for 4 buck breakout as early as next week and straight to 5.

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