LOL, getting gold out of dirt is hard work. You won't be tripping over any nuggets.
As I watch my financial insurance continue to get beaten down it got me thinking about my other insurance. I ran the numbers and between my health, auto, home and investment property insurance policies I have paid out over $50k in the last five years. I am not unhappy about that 50k paid for various insurance protection policies. In fact, I am glad I have not had to use the insurance. That $50k is gone forever, It has no cash value, but it did the job it was intended to do, it protected me form potential financial disaster.
My PM financial insurance will never go to "no cash value" and it continues to do the job of protecting me from Fed printing and stupid politicians. I hate these corrections but sleep well knowing I have the protection.
Sentiment: Buy
If you go to the companies home page and listen to the last conference call, I think most of your questions are covered..
Sentiment: Strong Buy
"What have I missed" You missed the fact that most all miners have taken a hit over the last 3 to 6 months. SLW, CDE, HL, PAAS all down. Some more and some less than EXK. What you have missed is that most miners, not just EXK are undervalued at these levels. Just as physical is undervalued at today"a prices. You have missed the reason many invest in the sector. It is our financial insurance policy against the Feds printing press and stupid politicians. I do not care about the price of miners or the physical price of silver and gold today as I am not a seller. I sleep well knowing my financial insurance is in place for the ongoing dollar devaluation and big time inflation that I think must come our way. JMO
Sentiment: Strong Buy
Good to see some life on the board. I have losses in my other silver and gold stocks including exk, slw, sand, but am up on this one only because I bought recently. In at .43 pre split. I did a lot of DD on Aurcana and love that it has a new mine in Texas that shows a lot of promise. Also liked the fact that slw looked the company over and invested. Like it even better that Aurcana bought back slw's streaming deal. All the miners have been hit hard. But I think of miners as part of my financial insurance policy against money printing and stupid politicians. Good luck to longs.
Sentiment: Buy
Thanks Liza, I will keep my eye on LINE and see what happens to the price and % return after they go monthly pay. If yahoo allows the chart link, take a look and see how the monthly pay VNR has done since going monthly. Tom
http://finance.yahoo.com/echarts?s=VNR+Interactive#symbol=vnr;range=1y;compare=chkr+sdr+sdt+per;indicator=dividend+volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Sentiment: Buy
kinda taking the fun out of owning shares today. Looks like I am stuck for the ride. My TD Ameritrade account will let me buy shares under the new ticker, but cannot sell any of my old shares at this time. Not that I would sell, I am in til Texas is at full production. Good luck to all, lets see if the reverse split and new listing helps once the pm correction has run its course.
Sentiment: Buy
Thanks again Liza. I was asking about trusts that pay monthly that have annual payouts (15% to 20%) in the Same range as trusts like SDR. PER, CHKR, WHZ. All of the monthly pays I have seen including the ones you listed pay between 2% with SBR being the biggest payer at 10.5%.
I keep coming to the same conclusion that monthly pays carry a higher investor value and it is reflected in the share price.
So, to make my point, I think if SDR or any of the newer trusts would hve been set up to pay monthly the price per share would be higher and the return lower. Of course I cannot prove this, but can it just be an accident that so many of the quarterly payers payout in the 15% to 20% range and none of the monthly paying trusts reach those levels?
As I said before, I would love to move my money out of SDR, PER and WHZ into similar companies paying monthly. I think a lot of investors would do the dame thing. JMO.
Liza, thanks for the response. Why do you think ALL of the the trusts that seem to pay in 10% to 20% range, SDR, PER, SDT, CHKR, WHZ all pay quarterly. Can't anyone putting together one of these trusts see the value to potential shareholders of a trust that pays monthly?
I think the roller coaster price swings in many of the quarterly trusts would be greatly reduced if they were paying monthly. I would love to move my investment from quarterly paying SDR, WHZ, PER into a SDR, WHZ, PER that pays monthly. If you know of one, please share. Thanks again for your input, I always enjoy following your posts. Tom
Sentiment: Buy
It seems to me that after looking at many oil and gas trusts those that pay each month tend to have single digit payouts, (less then 10%) Those trusts paying quarterly for the most part pay between 10% and up to 20%. The business model is the same, and I understand that each trust is an entity unto itself, but the pattern cannot be denied. The only reason that I can think of for the lower return on those Trusts that pay by the month is the premium built into the share price for check each month instead of each quarter. Am I missing anything?
Sentiment: Buy
Last August when WHX got hit with the SA story that it was overpriced, WHZ fell in price along with WHX. When panic selling hits it can spread. Investing in WHX is like buying 5 dollar bills for ten bucks each. If you did not move your money out of WHX and into WHZ, you soon will. JMO
Sentiment: Strong Buy
Liza moved the market. in case you missed her recent post, she stated the following:
"I think if you add up the remaining subordination threshold amounts for the anticipated duration of the subordination period, the total comes to more than the current unit price. So, I would say, yes, this seems like a good entry point."
Thanks Liza, I bought yesterday.
Sentiment: Buy
You can and should spend some time doing DD on the company. I can tell you the simple reasons I now own shares. Sandstorm Gold, they like it and were willing to invest in it. The mine is now producing gold, and looks like they will be able to produce a lot more. If they can hit their target of 5k ounces per month, shareholders should be rewarded. JMO. Oh, did I mention I think the share price is undervalued.
Sentiment: Strong Buy
( as much #$%$ to $6 over spot paper price for Silver Eagles. )
I don't know why yahoo edits out things.
The line above should have read:
(as much #$%$ to $6 over spot paper price for Silver Eagle
Perhaps they are taking the word "as" followed by the $5 to $6 and auto censor is kicking it out. Just know that I am not using any unreadable symbols, it is yahoo inserting it.
I don't know how many if any of you have been in the market for hold in your hand silver. I can tell you that the paper price of silver and the hold in your hand price of silver is not the same. In fact, most dealers who sell hold in your hand silver are out of stock, so what they are now selling is a promise to deliver in 3 to 6 weeks or more. Also, even that promise to deliver silver has a hefty premium attached to it, as much #$%$ to $6 over spot paper price for Silver Eagles. So, can anyone tell me the actual price of hold in your hand silver that you can buy today, and expect prompt deliver within in a couple of days?
Sentiment: Strong Buy
Huh? eom
Sentiment: Strong Buy
You'd be right if you call 10% major. Whz is mostly oil as I recall. That's why I own it.
Sentiment: Strong Buy
Having the 2008 crash still fresh in my memory, a market crash takes down everything as sheeple rush into cash, No margin for me and some dry powder just in case we see a repeat of 08. I have a bad feeling about what I am seeing with commodities and the whole market is looking shaky. Hope it's just something I ate. JMO
I want it, bought more shares today. Thank you sellers.
Sentiment: Strong Buy
I did and was impressed. Bought my first shares today at .55.. I know at one time their was a water issue in TX., but from what I have read it appears that issue has been resolved. Looks like clear sailing. Looking forward to the reverse split and future up listing by the end of year. GLTA
Sentiment: Strong Buy