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American Capital Agency Corp. Message Board

tomg86402 8 posts  |  Last Activity: May 16, 2016 6:39 PM Member since: Mar 22, 2007
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  • tomg86402 by tomg86402 Apr 5, 2016 10:35 AM Flag

    $0.558 a bit disappointing and a continuation of lower payouts. I am out. GLTA

    Sentiment: Sell

  • tomg86402 by tomg86402 May 9, 2016 10:37 AM Flag

    They bought El Compas for 2 million seven months ago and have just sold it for 10 million. Whats not to like?

    Sentiment: Strong Buy

  • Reply to

    Bottom line

    by tomg86402 May 9, 2016 10:37 AM
    tomg86402 tomg86402 May 9, 2016 12:38 PM Flag

    I think the they decided to take the 8 million profit from the sale instead of the 8 million in debt financing to bring the mine online. jmo

    Sentiment: Strong Buy

  • We will see in a month or two if I am right about the sale being good for the bottom line.

    Sentiment: Strong Buy

  • Reply to

    Bottom line

    by tomg86402 May 9, 2016 10:37 AM
    tomg86402 tomg86402 May 9, 2016 2:01 PM Flag

    Yes, they sold the mine for $10 million that they bought 7 months ago for $2 million. Give it a little time for the dust to settle and weak hands to exit. This is a good deal for carnac. jmo

  • tomg86402 by tomg86402 May 10, 2016 3:42 PM Flag

    I wonder if anyone has thought about the $10 million sale proceeds if converted to cash is around 0.046 Canadian per share based on 215 million shares outstanding. Canarc is now trading at around 2 cents above its cash on hand. That seems like a great buy to me. Please feel free to correct me if my math is faulty.

    Sentiment: Strong Buy

  • tomg86402 by tomg86402 May 13, 2016 2:14 PM Flag

    Brad bought 1 million shares on May 10th in the open market.

    Many investors were disappointed with the sale because they wanted a producing mine. I want the company to make money and I don't care how they do it. Turning a 2 million investment into a 10 million sale in seven months is my idea of making money. If management was able to pull that off with little cash on hand when they bought Oro Silver Resources Ltd., I like their chances going forward with 10 million in hand.

    Many that were in love with the idea of having a producing mine have sold out driving the price down. Now Canarc sits with no debt and around $0.04 per share in cash if they sold the EXK shares. This sell off may be looked back on as one of the best buying opportunities ever.

    You have to know that management was looking at other deals before they bought Oro Silver. Perhaps even better deals did not come to fruition because they were cash poor at the time. Money talks and Canarc will now have the funds available to perhaps revisit deals they could not put together in the past or find new deals that require some cash. Yes, I hated to see the price drop, but loved the sale and 8 million in profit that will come from it. With 4 cents in cash per share, I was happy to add to my position at 0.06 and more below 0.05. I'm with Brad. JMO

    Sentiment: Strong Buy

  • Reply to

    I am with Brad

    by tomg86402 May 13, 2016 2:14 PM
    tomg86402 tomg86402 May 16, 2016 6:39 PM Flag

    Tried to give a link, buy yahoo no no. Source is Canadian Insider, when you find the site just enter canarc to bring up recent insider trades. Brad's 1 million is there.

    Sentiment: Buy

AGNC
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