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Silver Wheaton Corp. Message Board

sandybeachdave 84 posts  |  Last Activity: 4 hours ago Member since: Apr 18, 2011
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  • Reply to

    Don't lose yer shares!

    by jacksparrow777722 May 13, 2015 11:17 AM
    sandybeachdave sandybeachdave May 30, 2015 8:40 AM Flag

    Thanks for the tip, I give that cat a kick on other issues. For LSG, I am a buy and hold investor as I believe this company has all kinds of operational potential that I see coming to fruition just as planned by management, one evidence is the recent debt payment right on schedule. They also have good exploration potential. there will be ups and downs, but potentially one day soon this outfit will soar rather than sail and I want to be on board. I am fairly confident we will see tenfold increase from my average entry at $0.89.

    I almost never mention other issues, but Kirkland Lake is quite similar, doing quite well and seems to have a bright future. You might want to have a look at it. I hold a very small position that I picked up recently.

  • Reply to

    $0.03 EPS PE=11

    by toinifinitiandbeyond May 30, 2015 1:13 PM
    sandybeachdave sandybeachdave May 31, 2015 3:54 PM Flag

    I believe 3 cents is for the quarter and PE is calculated on annual earnings, therefore the PE is somewhere around 3 given potential for rounding. This company may be seeing some real appreciation soon, but it may take another good quarter to give the earnings more legitimacy.

  • sandybeachdave sandybeachdave May 31, 2015 6:30 PM Flag

    there are 913 million shares outstanding, so 6,000/913=6.57. If the number includes debt assumption, then (6,000-1,820)/913=4.58 I am no accountant, but I think that is correct.

  • Reply to

    the YOYO effect

    by tikas2709 Jun 3, 2015 9:57 PM
    sandybeachdave sandybeachdave Jun 4, 2015 7:57 AM Flag

    The way I see it, this stock has been in a well defined down turn with few meaningful up periods since late 2012. I was incorrectly thinking that this stock may have been printing a bottom commencing in late 2014 and accumulated a position at an average price of $4.30. Writing covered call options has softened my losses, but I do not see this stock printing lower lows for too much longer as I am convinced that precious metal prices are stabilizing and soon to start a secular up trend. I suspect there are several major miners that are following the stock price and may make a run at buying this outfit before long.

  • Reply to

    the YOYO effect

    by tikas2709 Jun 3, 2015 9:57 PM
    sandybeachdave sandybeachdave Jun 7, 2015 10:22 PM Flag

    Good post American Chariot. About 6 months ago I was thinking about the fed and what they are doing, similar to what you are doing in at least part of this post. Here is a cut and paste of what I wrote back then and after rereading it, I still think it is a fair assessment of the $4 trillion you mention.

    I was driving down the highway last week and passed a large semi loaded with lumber. The thought went through my mind that the lumber represented wealth as it was the result of growing the trees harvesting them and processing the raw product into finished lumber. The lumber was a store of wealth and could be traded for other items of value, or sold for dollars. The federal reserve with little to no effort, could print money and buy the lumber, which would be synonymous with stealing it. It could be viewed as a wealth transfer, which is exactly what the dollar printing is, a transfer of wealth from those holding dollars or dollar denominated assets to those receiving the newly printed money, namely the very wealthy federal reserve big member banks. You could say the same thing for PM mining or any other productive activity.

    The owner of the lumber spent time, used his land and water resources, and labored to end up with a truck load of lumber, something of real value. The federal reserve prints dollars to buy (steal) the lumber and that is supposed to stimulate the economy? Maybe Krugman can explain it to me, but I doubt it as I am a very dumb knuckle dragging engineer and he is an ivory tower PHD (Post Hole Digger) economics professor who is always right, just ask him even though he would not know a PHD if it knocked him on his butt.

  • Reply to

    Short Interest 16 290 368 + Naked

    by goldoking7777 Jun 7, 2015 8:29 AM
    sandybeachdave sandybeachdave Jun 7, 2015 10:37 PM Flag

    As of may 15, NASDAQ is reporting 10,495,059 shares short, where do you get your number? I believe this stock is going higher and in the no so distant future, but a short squeeze is not going to be a main contributor.

  • Reply to

    Today

    by arizona_guy77 Jun 2, 2015 5:35 PM
    sandybeachdave sandybeachdave Jun 8, 2015 9:31 PM Flag

    I have put him on ignore, It improves the quality of several message boards.

  • Reply to

    Next stop?

    by liarliar663 Jun 9, 2015 9:52 AM
    sandybeachdave sandybeachdave Jun 9, 2015 10:27 AM Flag

    In mid May I posted that a correction might be in the works based on some amateur TA analysis and we got quite a bit more than I expected. We should have an up trend for a while now, not sure how long or to what level, but it could be significant. The next earnings report should have good numbers and a great story to go with them. A double from here would not be out of order.

  • Reply to

    Upgrad from RBC

    by kzaz1469 Jun 8, 2015 12:57 PM
    sandybeachdave sandybeachdave Jun 10, 2015 3:44 PM Flag

    It looks like LSG is getting a little notice and respect it deserves today. Technical indicators are looking good with MA's in bull sync and MACD and STO's having crossed over bullish, RSI pointing up and above mid line. Even the PnF chart has started a column of x's. I am liking the setup here especially combined with the fundamentals Kzaz has noted.

  • sandybeachdave sandybeachdave Jun 15, 2015 9:49 PM Flag

    SSRI has done well over the last 6 months as far as silver is concerned. For gold, KGILF is similar to LSG and for gold in the ground that may never get permits to mine, NG may respond as gold goes up in price. For a really speculative company that has just started producing in the DRC, BAA might be a shot in the dark.

  • Reply to

    The take down is intentional not random

    by jmhayes_101 Jun 11, 2015 1:13 PM
    sandybeachdave sandybeachdave Jun 16, 2015 7:59 AM Flag

    Technically there is nothing to like about this stock, seems like it is down so much the only way it could move is up. While the truth is that it could move lower, I doubt it will go much lower as it has a good business model that will survive. The divy may get cut, but it will return and if the divy is maintained, reinvesting it is doing your account some major good buying shares at this bargain price.

  • Reply to

    Next stop?

    by liarliar663 Jun 9, 2015 9:52 AM
    sandybeachdave sandybeachdave Jun 16, 2015 8:32 PM Flag

    I really hope GG does not buy LSG. LSG has good assets and performance as a small company but these results blended into a company the size of GG would not make a huge difference in the combined company. LSG on its own has the potential to increase by a factor of ten, maybe twenty in a few years whereas the bump from a buyout might be twofold. It is hard to find gems like LSG and that is exactly why GG would want to make a run. My shares are not for sale, period. I am holding out for at least $10.00 per share.

  • sandybeachdave sandybeachdave Jun 17, 2015 8:10 AM Flag

    One can say the same for 2017 $50.00 Leaps as 17,278 contracts were traded, but there is a whopping 432,854 contracts in open interest at a current price of about 75 cents. I am guessing you meant "explode" up, but I fail to understand how you make that conclusion given your options example. A 7% or 8% change in a year and a half is not my idea of an explosion. Doogoo1 was wrong on some of his fracking and reservoir operations statements in the past and I challenged him on them with facts, however, on the accounting information he has presented, he seems to be singing from a hymn book of truth that no one has factually rebutted other than with a little arm waving. Doogoo1's information does not mean KMI management will not in the end make their goals, but he certainly and clearly points out near term stumbling blocks in the proposed growth trajectory.

    I am going to maintain faith in the company management that they will make their goals long term, at least for now, and will not short or buy puts, but I am writing short term covered calls for strike prices at and above my average cost to purchase and I am reinvesting my dividends and call premiums to continually lower my average cost while slowly increasing share count.

  • Reply to

    Short Interest 16 290 368 + Millions Naked

    by goldoking7777 Jun 17, 2015 2:13 PM
    sandybeachdave sandybeachdave Jun 18, 2015 9:35 PM Flag

    NASDAQ site reports 9,951,572 shares short at the end of May and a little less than two days to cover. I think NEM is going up but a short squeeze is not going to be a major driver.

  • Reply to

    nice volume

    by liarliar663 Jun 18, 2015 2:12 PM
    sandybeachdave sandybeachdave Jun 22, 2015 11:06 AM Flag

    Not sure about when we hit $1.30, but for today, gold down, GDX down, and LSG holding its own which I believe reflects a strong positive for LSG share price.

  • Reply to

    SSRI slowly back to $ 7.00

    by onlythetruth555 Jun 3, 2015 11:29 AM
    sandybeachdave sandybeachdave Jun 22, 2015 11:31 AM Flag

    SSRI has had about a 10% rise in the last few days, a little pull back is to be expected and the 2% we have now is not too shabby given the drop in gold, while silver is doing much better. I think we head higher soon.

  • sandybeachdave sandybeachdave Jun 24, 2015 7:59 AM Flag

    Looking at a daily chart of the dollar index, seems like it has been trending down this spring while gold and silver have also trended down ever so slightly and platinum and palladium have dropped. Seems we have a bit of catching up to do with metals.

  • Reply to

    YTD, LSG is up 57%..that is pretty good for

    by williamszxz Jun 27, 2015 11:13 AM
    sandybeachdave sandybeachdave Jun 27, 2015 10:02 PM Flag

    I am a late comer in for an average of $0.89, but still happy with this company. With the cost structure and cash flow, plus exploration success we have seen reported, this stock could be pushing $10.00 in a few quarters. Good earnings over a couple more quarters is going to get noticed by institutions which will also create demand for LSG shares. It is a very good story, one that is hard to find in markets these days.

  • sandybeachdave sandybeachdave Jun 28, 2015 6:00 PM Flag

    so crooked they screw their socks on! sorry, could not help it.

  • Reply to

    Just a Matter of Time!

    by kzaz1469 Jun 11, 2015 3:16 PM
    sandybeachdave sandybeachdave Jun 29, 2015 9:47 AM Flag

    It is easy to take a quick glance at a chart or if a long term holder, look at your paper losses and not like the set up for NG. however, since the November 2014 lows, NG has made higher lows and higher highs and may be painting another higher low currently. Late October and early November 2014, a double bottom was printed followed by higher double bottoms in December and March. Overall trend since the November low has been up, albeit now the TA indicators are weak. MACD is bear oriented but the Sto's at low levels are oriented bullish. Longer term MA's are bull oriented, but short term they are bear oriented. An up trending support line drawn through the November and March lows is currently at about $3.10 which may be a solid floor for the time being although it is probably higher if the Greece and Puerto Rico debt issues continue to play out poorly and there is additional contagion, possibly here in the USA. RSI is low at 37, but it is sloping up. Overall, I believe the corner was turned last November and we probably continue to trend up from here with volatility. I am a holder as this stock should move higher faster than gold when gold finally make a positive move.

SLW
12.39+0.39(+3.25%)Aug 28 4:02 PMEDT