All of the FED money went to recapitalize banks. However, the FED overshot by about 100% to try to stimulate the economy. The banks have held that money because they can park it at the FED and make money on it. When this money, through way of loans, etc makes it into the economy then we will have massive inflation. This will happen. It is a matter of when. The FED raising rates is all noise. Can they raise it a few hundred basis points, of course. But any meaningful change will cause the ballooning deficit to become unmanageable. The FED is trapped and they know it. It is all smoke and mirrors.
Definately the warrants: Novo Resources Corp. (CSE: NVO; OTCQX: NSRPF) ("Novo" or the "Company") has given notice of the acceleration of the expiry of share purchase warrants issued as part of a brokered private placement that closed on December 12, 2012 (the "Warrants"). The Warrants are exercisable at a price of $0.90 per share. Notice of the acceleration of the expiry of the Warrants is being mailed to registered holders of the Warrants.
The terms of the Warrants include an acceleration clause such that if the volume weighted average trading price of Novo's common shares on the Canadian Securities Exchange is $1.20 or higher for at least 20 consecutive trading days, it may accelerate the expiry date of the Warrants upon 30 days' notice to the holders (the "Acceleration Clause").
The Company's common shares have traded in excess of $1.20 for a considerable period of time. In order to encourage the exercise of the Warrants in a timely manner which will provide a quick and cost effective pool of funds for Novo to use to aggressively pursue its corporate goals, Novo has elected to invoke the Acceleration Clause. The new expiry date of the Warrants is August 21, 2014.
Warrant holders may exercise their Warrants by surrendering to the Company, before 5:00 pm (Vancouver time) on August 21, 2014, at Suite 1980, 1075 West Georgia Street, Vancouver, British Columbia, Canada, V6E 3C9, the Warrant certificate, together with (i) a duly completed and executed exercise form in the form attached to the Warrant certificate; (ii) the original Warrant certificate; and (iii) a certified cheque, bank draft, cash or money order in lawful money of Canada payable to Novo Resources Corp. in an amount equal to the purchase price for the number of shares subscribed for.
About Novo Resources Corp.
VANCOUVER, BC / ACCESSWIRE / July 17, 2014 / Novo Resources Corp. (CSE: NVO; OTCQX: NSRPF) ("Novo" or the "Company") has given notice of the acceleration of the expiry o
as Stockmaven and others have noted, this is why the company is worth way more than it is given credit for. This is a diamond in the rough. It is one of only 3 real producers of Niobium; which by the way is becoming used more and more. To secure a supply and not be subject to a monopoly, it would be prudent for a large company (steel or otherwise) to buy. Pretty soon they are going to figure this out....
It is probably one of the highest beta trades out there for gold. If you think gold is going higher IAG is a good bet. However, if gold drops they have some issues. Note that there is Niobec (a metal used to strengthen steel) that they have which can provide a floor under them for losses. Good Luck.
Its a good report. I read through it and I am pleased. I think they got the burn rate down and the cash flow is starting to look good. Throw in the new ramp up in production at the mine and they should do well. I like it. No surprises and more than offsetting Mouska with the new production.. Its a good report. Gold prices are low but they are doing okay.
I agree, spinoff NIOBEC and pay off some of the debt. The reduction is balance sheet will be big if they continue at their burn rate. That makes it look like they are headed for the scrap heap.
completely agree. whoever buys his rag has go to have lost money...
I respectfully disagree. Guidance doesn't mean anything. Production and working to reduce CAPEX is huge. Look at AG today. They got smacked because of their miss on revenue...
It will probably be inflation but it is hard to tell. Even wars never amount to much of a safe haven demand, only temporary.
The shorts are so thick and heavy that the only thing that will remove them is a big bounce lower or higher.... I think ANV will need cash fairly soon so i expect a deal to get done with a major. but the major has to see some very serious upside potential. The price of gold right now doesn't bode well for ANV. Its a race against time.
This thing is rangebound until gold crashes or shoots up. There is no compelling reason to buy this damn stock in the mean time. I am a hold because I am a glutton for punishment!
On a side note: I don't really understand why people #$%$ about gold price manipulation. If you invest in gold stocks and you think that gold is manipulated then you must be insane. Because you are saying its unfair and then you say you are going to play anyhow!
the number of shorts indicates it is some large hedge funds. There really isn't any other explanation. I agree that supply and demand will dictate gold price. I am not so sure China will pick up more than it already has as they are having economic issues of their own. Their over build real estate market is starting to see some huge cracks. This could actually cause selling of gold they have purchased. The other upside catalyst in gold could be inflation, at least for the US. Europe looks deflationary at the moment.....
There is simply no catalyst in the near term to drive gold much higher. The risk appears to be on the downside.
1) Geopolitical - never does anything long term for gold. Sudden spikes up are followed by hasty retreats a few weeks to months later after tensions "cool".
2) International Buying - from the latest I have read there are many countries which have year over year decline in imports. Most recently Turkey had a 90% decline. That takes a lot of pressure off the demand side of the price. If China is cooling the way that most predict, that can't be good for gold prices. As things have shown in the past a major selloff in real estate will prompt liquidation of assets for cash, including gold.
3) Deflation - europe is still deflationary as credit expansion has dropped to almost nothing and there are still banking issues.
4) inflation - this is the real wild card that should drive gold. The fed's asset purchase program was mainly to recapitalize the banks. In addition to that however, they created 3 trillion of extra that will somehow find its way into the system. I thought it would have by now. With the economy questionably starting to pick up, I would expect it to gain traction soon.
This is the way I see it. Just an opinion and I can be swayed so please comment with (non-emotional) comments.
thanks, still holding for the longer term.
geopolitical tensions never drive gold far. And it always comes back down.
Inflation fears will drive gold. Even the fed is looking a bit concerned... They can't increase rates because our debt is so massive we will default.
logic and investing don't go hand in hand. They are often out of kilter with each other only to snap back eventually. The eventually is the question.
I like my chances going alongside George Soros, buying gold and PMs, and a few of the other multi billionaire investors. Don't think much of him personally but he seems to invest well.