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Gold Resource Corp Message Board

sandspiderbm 406 posts  |  Last Activity: Oct 22, 2013 10:18 AM Member since: Jan 10, 2005
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  • Reply to

    My Favorite PR Quote from Strathcona LMFAO

    by uncletizz Oct 22, 2013 10:16 AM
    sandspiderbm sandspiderbm Oct 22, 2013 10:18 AM Flag

    Did you read the press release fully? What about the fact that the Strathcona method (sample tower method) would have generated 96% less than what was recovered from milling?

    Preliminary figures from the processing of the 426585E cross-cut show the contained metal included 281 ounces of gold. It is the opinion of both Pretivm and Snowden that there is a significant difference in the contained gold estimated by the selective sampling of the 426585E cross-cut by the sample tower and the actual contained gold determined by milling the total 2,167 tonnes of material excavated from the 426585E cross-cut (there is 94% more gold produced from the mill than was estimated from the sample tower results for the same material). A related discussion on the sample tower component of the Program, Strathcona's stated reasons for withdrawing from the Program, and Snowden's response is set out below.

  • About 4.0 g/tonne gold and around 7.6 g / tonne silver, while the company expected 4.6 and 6.8 resspectively. It is detailed in the press release:

    The 426585E cross-cut excavation cuts through portions of three Feasibility Study stopes (the "426585E Stopes"). The tonnage processed and the grade of the gold and silver produced from the material excavated from the 426585E development going through these stopes was estimated to be 1,451 tonnes grading 4.6 grams per tonne gold and 6.8 grams per tonne silver, based on the preliminary mill results estimated for the 426585E Stopes. The value of the gold and silver produced from the 426585E Stopes was estimated to be $204.03/tonne at Feasibility Study base case metal prices providing an operating margin of $47.57/tonne over Feasibility Study operating costs.

    Investors need to remember that each of the bulk samples are NOT homogenous but heterogenous - so you cant just multiply the gold milled times 5 to get the expected amount for total milling. Different bulk samples have different expected recoveries.

    This may be a decent buying opportunity as investors misinterpret the results.
    Spider

  • Reply to

    11.33 g/tonne

    by lookahead22 Oct 9, 2013 9:24 AM
    sandspiderbm sandspiderbm Oct 9, 2013 10:02 AM Flag

    Whats strange is that Strathcona resigned but didnt report poor results. Why wouldn't they simply report poor results?

  • Anybody know?

  • Reply to

    Seeking Alpha Report Very Misleading

    by jeremyshapiro Jun 10, 2013 10:08 AM
    sandspiderbm sandspiderbm Jun 10, 2013 1:47 PM Flag

    I think they mentioned that in the Seeking Alpha article - read the latter part of the article.

  • sandspiderbm sandspiderbm Mar 28, 2013 5:25 PM Flag

    Not much room to go lower with such strong physical demand

  • Great article about the costs of silver production - I dont think you will see silver below $25 per ounce

    http://seekingalpha.com/article/1303691-the-true-cost-to-mine-silver-complete-2012-figures

  • sandspiderbm by sandspiderbm Mar 12, 2013 8:28 AM Flag

    Great article about Soros' gold sales on seeking alpha:

    http://seekingalpha.com/article/1206301-soros-fund-sells-50-of-his-gld-stake-is-gold-done

  • Premium on PSLV is less than PHYS (rare situation) and PHYS hasnt issued shares in quite a while (while PSLV has) so it seems now is a good time to unload PHYS for PSLV. Be careful in this one b/c of share issuance...

    Your Friendly Neighborhood,
    Spider

    Sentiment: Sell

  • Reply to

    IAG and Mali

    by sandspiderbm Jan 10, 2013 4:42 PM
    sandspiderbm sandspiderbm Jan 13, 2013 7:35 AM Flag

    Thats a good point and a positive for this and RandGold, if you're a risk-taking investor it may be a good idea to buy now. But i'm still worried about the consequences of a civil war on gold production - they eat up a country's resources and destroy its infrastructure.

    We shall see...
    Spider

    Sentiment: Hold

  • Reply to

    IAG and Mali

    by sandspiderbm Jan 10, 2013 4:42 PM
    sandspiderbm sandspiderbm Jan 10, 2013 10:25 PM Flag

    I wouldnt touch that either until the Mali situation is resolved. Do you really want to invest in a company that has long-term, expensive assets (mines) in a country that is possibly on the verge of a civil war? I dont but I wish you the best!

    Your Friendly Neighborhood,
    Spider

    Sentiment: Sell

  • sandspiderbm by sandspiderbm Jan 10, 2013 4:42 PM Flag

    I'm dont own any IAG and I dont have any short position, but i'm just posting this so all the small guys (aka people who get info about stocks from Yahoo message boards) can get out of this thing before major drops. A good chunk of their production comes from Mali and Mali currently is going through an Islamic revolution - that's going to hit this stock (it already has - one of the reasons I sold a while ago) and you have to keep this in mind.

    There are much better gold stocks than this - stay out until the price drops further and there gets to be some resolution on that situation

    Your Friendly Neighborhood,
    Spider

    Sentiment: Sell

  • sandspiderbm by sandspiderbm Nov 9, 2012 11:28 AM Flag

    Its always a good time to buy PSLV after an offering, especially since the offer was priced greater than the shares today. Either way, the investors that do a LONG SLV, SHORT PSLV strategy (which has been particularly profitable) are now going to be covering their shorts becaue they've gotten their gain. Bought shares 13.1, 13.07, 13.06 by selling my other silver ETFs

    Your Friendly Neighborhood,
    Spider

    Sentiment: Strong Buy

  • sandspiderbm by sandspiderbm Oct 18, 2012 9:28 AM Flag

    Anybody know what flow-through shares are and why they would be sold at a 20% premium to current price?

    Thanks,
    Spider

  • Reply to

    Why Halted?

    by advisor1950 Sep 7, 2012 9:50 AM
    sandspiderbm sandspiderbm Sep 7, 2012 3:20 PM Flag

    With Sprott gold/silver you have to see this coming. I sold my PHYS a few weeks ago and bought SGOL b/c I saw the premium inching up to 5%+ and I know they hadnt made an offering this year (they do one once a year traditionally). Anyhow, no need to sell now out of frustration (I bought my shares back) b/c now its actually a decent buy b/c a number of investors have shorted PHYS and bought GLD and now they will cover.

    Hold your shares or buy more if you want to outperform the other gold ETFs over the next week

    Your Friendly Neighborhood,
    Spider

    Sentiment: Strong Buy

  • Reply to

    Large Insider Ownership

    by sandspiderbm Jul 20, 2012 10:56 AM
    sandspiderbm sandspiderbm Jul 20, 2012 11:11 AM Flag

    Most mining companies actually have very low insider ownership - so this one stands out.

    As for the high short % - shorts did a very good job with the call here. But that short ratio can also work against the short position - once a few large ones start to cover others will panic. Check out the chart for May - dropped from 25 to 21 and then a week alter back up at $25.

    As they say, "bulls make money and bears make money but pigs get slaughtered"
    Spider

  • sandspiderbm by sandspiderbm Jul 20, 2012 10:56 AM Flag

    Poor production numbers but prod is expected to be down 15% not 40% so this seems like a bit of an overreaction. Large number of shorts here so I think we'll get a bit of a cover tomorrow. Also, insiders still own a very large amount of stock so I believe they know something we dont.

    Dont own too much of this stock but i'd be interested in buying some more
    Spider

  • sandspiderbm by sandspiderbm May 31, 2012 4:22 PM Flag

    Is it just me or do other people see a 67k share trade in the closing minutes that popped this stock? Not sure if this is a technical glitch...

    Spider

  • Reply to

    What Happened Here?

    by spartacusad May 22, 2012 4:54 PM
    sandspiderbm sandspiderbm May 22, 2012 5:16 PM Flag

    Lawsuit ... HGT will suspend dividends from some or all of its properties

  • sandspiderbm sandspiderbm May 7, 2012 3:55 PM Flag

    There would be no production costs because they produced it in this quarter so the production costs are already included in the quarter's expenses. But you do have a good point about counting after tax costs - take out a generous 1/3 of that .23 extra and you get around 15 cents which would put us right in the mid to upper twenties in EPS for the quarter. Not something I consider a 10% let-down in share price.

    Your Friendly Neighborhood,
    Spider

    PS - I bought some shares at $25.75 & $25.50 today - little much of an over-reaction

GORO
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