Isn't this a criminal offense? Can SA writers say and do whatever they please? The guy kind of looks like the Grinch who stole Christmas.
"Following the report of the garage fire, Tesla released a lengthy statement saying the company had investigated the fire and that neither the Model S nor the charging system was not to blame."
So either the Model S or the charging system was to blame? LOL
I have taken a small long position in TC in a taxable account. This is after a discussion with Jonnyvolvo. The comment exchange posted above offers a full explanation of the reason. Regardless, I now have some skin in the game."
So he was part of the short attack, probably scared a number of retail investors out to help drive the price down with the raid, then he establishes a long position? What an old dirtball IMHO.
Yes, that's a given, and don't forget about the lawsuits and pending criminal charges, and the multimillion dollar dilution and revese split that will happen Q1 2014, oh yeah, and soon management will discover that they have been mining in the wrong direction.
Sentiment: Strong Buy
The all in cost is an entirely different and much greater cost. This is gradually become a standardized measure, and many companies clearly state what is included in all in costs. Working with the World Gold Council, Gold Corp is adopting an "all-in sustaining cash cost" measure that the Company believes more fully defines the total costs associated with producing gold. All-in sustaining cash costs include by-product cash costs, sustaining capital, corporate general & administrative expenses and exploration expense. As the measure seeks to reflect the full cost of gold production from current operations, new project capital is not included in the calculation. In the case of Goldcorp’s 2013 projections, this figured out to $1100/ounce, an amount equal to about twice the cash cost. This doubling of the cash cost to get the all in cost is a rule of thumb I use as a rough estimate of all in costs when cash basis cost is known. It is also important that one convey all the assumptions made on sale prices to break out the value of byproducts.
In their statement of 2013 forecast product costs and revenues, Goldcorp included the below. “Assumptions used to forecast total cash costs and gold equivalent calculation for 2013 include: $1,600 per ounce for gold; by-product metals prices of $30.00 per ounce silver; $3.50 per pound copper; $0.90 per pound zinc; $0.90 per pound lead, an oil price of $100.00 per barrel and the Canadian dollar and Mexican peso at $1.00 and $12.75 respectively to the US dollar.”
I hope you all find at least the basic definitions of the three kinds of costs useful. A common understanding of terms and their conventional use is needed to facilitate communications.
In cost accounting, you learn about fixed and variable costs, about direct and indirect costs. In mining one uses standard conventions to communicate material cost. It is also useful to understand how sustaining capital is accounted for, such as budgeting $5 million dollars to replace worn out trucks. While on-site exploration at a pit mine to determine sequencing or the direction of expansion for additional resources is a current sustaining expense, developing a new underground mine at an open pit site is not a direct cost of today’s product. A portion of all corporate expenses, no matter where they are incurred, are part of a mine’s all in costs. That is why dividing the number of pounds of product produced by the total of the mine’s expenses, cannot produce a meaningful all in cost. To know the concentration of copper in the resource does not allow you to make any meaningful estimate of cost, even if total cash expenses at the mine are known.
I do not believe some readers fully understand the definition of “cash costs” compared to “all in costs”.
Actually, there are three levels of product cost, which are often confused by the non-initiated. Cash cost is the first of these. This is the most simple calculation of cost per pound (or ounce) of the target product at the mine level. For example, Goldcorp forecasts at cash costs at for 2013 to be $525 to $575 per ounce on a by-product basis and between $700 to $750 per ounce on a co-product basis. That is, if you are a gold miner, at the mine level cost per ounce, the cash cost is often reduced by the value of a byproduct such as silver. However, if you break out the deduction for the amount received from the sale of silver, you have a higher cost as the value of the co-product cost is a separate item. In the case of the Gold Corp example above, the cost of the price reduction is $175 and ounce and when removed the actual co-product cost of gold is not $525 to $575 per ounce but really $700 to $750 per ounce.
Thompson Creek Appears Destined To Fail [View article]
I believe there is a little confusion in one important area. Perhaps this long comment, only a little longer than the article, will clear it up. Then again, I had an uncle who had a sign on his wall that said, "My mind is made up, don't confuse me with the facts."
In light of my uncle's comment, I also want to mention that people who have made a decision to invest in a company will sometimes argue its merits beyond what is easily apparent. This is a very human thing to do, and I am sure I have been guilty of it. After all, who wants to admit they made a mistake in investing in an upside opportunity? Sometimes we would be better off and be a lot happier if we spend the money on season tickets to an NFL team.
To the below and others who have spoken of cost figures;
@ investor talkroom,
I believe there are some misunderstandings about copper costing and the way those costs are determined. For example, the grade of ore is important, but to try to estimate product cost by it is not an accepted method. Knowing that the mine's costs are "$280 Million" or some other amount is interesting, but one has to know the components of those cost to determine how they should be applied. That said, please allow this senior citizen to talk a bit about cost accounting in general and mine product costing specifically.
I have not held an accounting textbook in my hands since 1971, and have never practiced accounting in the mining industry. The below is, I believe, an accurate summary of how some of the accounting in mining works. I am certain it is generally correct, but new accounting standards are always being adopted and my recollection is not perfect. GAAP accounting used less and less used internationally and is being replaced by a new international standard. PWC offers a compendium of reports about the transitions titled US GAAP Convergence and IFRS: What you need to know about the
Latest SA article takes advantage of this reality.
And you, genius, have lost 90% of your investment since your purchase(s) in the $3 range. I'm happy to see that you are able to "deal with negative financial realities." Other than your constant complaining, I think you are doing a fine job. LOL
Wow, you are so negative. You really could use professional help. Hypersensitive girls like you need to stay away from investing. You are not cut out for it.
Compain complain complain. Try Zooft or maybe hormone supplements to help with your severe PMS.
Perron could still purchase shares on the open market. This is a way for him to show he cares about shareholder value without having to "promise anything he is not 100% CERTAIN that he can deliver." That's how I see it. But thanks for your response dragon.