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Linn Co, LLC Message Board

vjpj1110 125 posts  |  Last Activity: 10 hours ago Member since: Nov 18, 2009
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  • Reply to

    Hecla's Management or Their Peers?

    by fitt.mary Jan 29, 2015 9:57 PM
    vjpj1110 vjpj1110 10 hours ago Flag

    "The timing of the Aurizon purchase was dictated by the hostile takeover attempt by Alamos Gold - not Baker.

    Alamos was smart enough (or lucky enough) to drop out of a bidding war, just before gold prices crashed.

    I think Baker's decision was brilliant... "

    IMO it definitely remains to be seen whether leveraging the company that was debt free to make the purchase pays off, or if PM prices should fall further and stay down, eventually bankrupts the company. Obviously since I'm holding I hope that doesn't happen.

    "A prudent man puts some of his money into precious metal bullion."

    Maybe true, but that's not the same as putting money into a mining stock (now) with a lot of debt, that has a very checkered long term track record.

    Sentiment: Hold

  • Reply to

    Hecla's Management or Their Peers?

    by fitt.mary Jan 29, 2015 9:57 PM
    vjpj1110 vjpj1110 21 hours ago Flag

    I show HL closing at $3.15 on Jan 29, 2014 (vs $3.12 today) so down 1% for the last year. But your point that it's done better than manyin the past year is valid. In retrospect their purchase of Azurion was badly mistimed and the stock suffered vs other miners for months thereafter. The stock has recovered since, but I still don't like that they took on a lot of debt to make the purchase, making the company a lot more risky. And the fact that HL is selling at less than a 1/4 of what it did in the 90s, when silver was less than $5, doesn't give long term holders much to thank management for.

    Sentiment: Hold

  • Reply to

    So much for that idea

    by vjpj1110 Jan 27, 2015 2:03 AM
    vjpj1110 vjpj1110 Jan 29, 2015 12:38 PM Flag

    Anyone who thought the stock would take a big a dive after the tender expired, should have shorted, whether they had bought more or not . Did you short it?

    Sentiment: Hold

  • Reply to

    Who's heading for the exit ?

    by alberard40 Jan 26, 2015 2:06 PM
    vjpj1110 vjpj1110 Jan 29, 2015 12:14 PM Flag

    I'm still holding, but with the naive still pumping away and the stock still falling, no reason to believe we're at a bottom. Now if they'd finally gave up and sell...

    Sentiment: Hold

  • Reply to

    My TICC article is now LIVE at Seeking alpha

    by pacman010987 Jan 12, 2015 11:53 AM
    vjpj1110 vjpj1110 Jan 29, 2015 11:38 AM Flag

    Just filled my order, right before the new low. Look out below... ;-(

    Sentiment: Hold

  • That buying then tendering was no or very low risk way of making $... :-(

    Sentiment: Hold

  • Reply to

    information

    by titione53 Jan 6, 2015 8:45 PM
    vjpj1110 vjpj1110 Jan 18, 2015 1:33 AM Flag

    Good luck to you and other WL longs as well. I only wish I didn't feel we still needed luck, to such a degree, at this point.

    Sentiment: Hold

  • Reply to

    information

    by titione53 Jan 6, 2015 8:45 PM
    vjpj1110 vjpj1110 Jan 17, 2015 1:21 PM Flag

    A long time ago I was trained as a Chem E and have personally been involved with a couple of mining projects. As you know I'm not a Johnny-come-lately to WL and believe it or not, have been trying to keep up with what the co has been doing. It's encouraging that someone like you is still following and still believes. But, perhaps the most telling number in your post is "2009". This is 2015. I can only repeat what my experience has been and that is, when a start-up's original plans and timetables fall by the wayside, the longer it takes to really get going, the more the chances increase that salaries,R&D, testing etc will begin to eat it alive, so that it either has to dilute the stock to raise more money, gets taken over by a stronger entity at a big discount or finally just fails.

    As I said before I am not predicting this for WL, I'm still hoping that it does have a viable resource and its domestic location and the growth in demand for Li will win the day. But its gestation period is more than beginning to get long in the tooth. This especially since their resource is not on virgin ground in some exotic location, but had been assessed and tested many years before they got involved. Plus the process they're trying to use (though they may be trying to refine and improve it?), doesn't involve ground-breaking research, like some biotechs are trying to accomplish, but rather has been around for many years.

    Not saying it's there yet, but IMO one of these days it is likely to be, now or never, at least as far as the present stockholders are concerned.

    BTW I can't see any reason why producers Li2CO3 from brine couldn't purify it for sale, if it was worth the extra costs involved. Hope WL really has something special in terms of economics... but again IMO that remains to be seen.

    Sentiment: Hold

  • Reply to

    information

    by titione53 Jan 6, 2015 8:45 PM
    vjpj1110 vjpj1110 Jan 16, 2015 11:24 PM Flag

    Seems you can keep dishing it out but can't really take it. Putting you on ignore is just what I shoulda done when I said "bye bye", instead of wasting more time with a wannabe chest-pounder.

    Sentiment: Hold

  • Reply to

    information

    by titione53 Jan 6, 2015 8:45 PM
    vjpj1110 vjpj1110 Jan 16, 2015 8:30 PM Flag

    "Just like Tesla is real who's CEO and his brother went to the same college as of all people as jay the CEO of WL and Musk's brother was there at the same time running a painting company"

    Whoppe, now that's conclusive proof that WL's sure to be a big winner... not. In fact just the opposite. If WL was anything like the slam dunk to produce LI economically, you claim you know it to be, right in Telsa's back yard, don't you think Musk's brother or someone in the know, would have picked up the whole company by now, for what amounts to chump change for them?

    All the this mb bs aside, what still needs to happen is for WL after years of per-feasibility studies, deadlines coming and going, postponements due to its inability to finance, more pilot plant tinkering, etc, to finally get its #$%$ in gear and start producing some salable Li. Obviously, outside of you and few others on this mb, there remains great skepticism about their ability to do so, else the stock wouldn't be selling at 1/6 of its all time high.

    Sentiment: Hold

  • Reply to

    information

    by titione53 Jan 6, 2015 8:45 PM
    vjpj1110 vjpj1110 Jan 16, 2015 5:17 PM Flag

    I'm not giving any one advice or convince anyone to buy, hold or "bail", you're the one who seems compelled to do so. And you appear to have a reading comprehension problem, as I've already explained why I'm still holding.

    So pump away and I sincerely hope it starts working better than it has in recent months.

    Sentiment: Hold

  • Reply to

    information

    by titione53 Jan 6, 2015 8:45 PM
    vjpj1110 vjpj1110 Jan 16, 2015 5:03 PM Flag

    And you have your head so far stuck in the stand and it''s working so "well", as the stock hits yet another 11-mo low (down 50% from its high) on a big up day in the market... why would you even consider another POV, that despite all you've convinced yourself you know for sure, it could still turn out to be a dud.

    Sentiment: Hold

  • 2 Li-ion types and one vanadium flow. Yahoo won't let me post the link, so if interested google seattle times snohomish PUD battery

    Sentiment: Hold

  • Reply to

    information

    by titione53 Jan 6, 2015 8:45 PM
    vjpj1110 vjpj1110 Jan 16, 2015 10:36 AM Flag

    That's for your post.

    " When cooking beans in a pot of water on the stove it is best to let it cook and then let it cook some more and finally.... keep cooking! The longer you cook them the better they taste"

    I've been investing for 51 years and all I know is that history is littered with start-ups, particularly mining start ups, for which "the beans never got cooked" and wound up getting thrown out. Not saying that's going to happen with WL, if I didn't think it still had a significant chance of finally getting going and being a big winner, I would take my modest profit and sell.

    But don't think there's ever been a mining start-up that wasn't really more a lottery ticket than a true investment. So my opinion remains that anyone who thinks WL success is a sure thing and only a matter of time, is either inexperienced or kidding themselves.

    So good luck to us longs, we still need it.

    Sentiment: Hold

  • Reply to

    $6 discount to NAV... wow!!

    by ruriironochikyu Jan 14, 2015 6:57 PM
    vjpj1110 vjpj1110 Jan 15, 2015 11:17 AM Flag

    IMO the market reaction is very disappointing. Seems to be saying the shares will drop after the tender to more than make up for the "premium" you'll get for the small % your shares accepted.

    Sentiment: Hold

  • Reply to

    My TICC article is now LIVE at Seeking alpha

    by pacman010987 Jan 12, 2015 11:53 AM
    vjpj1110 vjpj1110 Jan 14, 2015 10:22 PM Flag

    Thanks, may pick up some more if it approaches the low again. Based on my track record that should put a floor under it between here and there (where I plan to buy) ... ;-)

    Sentiment: Hold

  • Reply to

    information

    by titione53 Jan 6, 2015 8:45 PM
    vjpj1110 vjpj1110 Jan 14, 2015 11:49 AM Flag

    "attach?" "naivete" ~= "ill informed". Don't see any point in further discourse with an overconfident (blind?) bull like you. "Bye Bye"... ;-)

    Sentiment: Hold

  • Reply to

    information

    by titione53 Jan 6, 2015 8:45 PM
    vjpj1110 vjpj1110 Jan 14, 2015 2:16 AM Flag

    As I said, really don't need any more advice from you as to whether to sell or hold. I don't have a substantial portion of my assets in WL. If you do, hope your being so sure of yourself and/or inexperience (naivete?) doesn't cost you. Good luck to you too.

    Sentiment: Hold

  • Reply to

    information

    by titione53 Jan 6, 2015 8:45 PM
    vjpj1110 vjpj1110 Jan 14, 2015 12:14 AM Flag

    Don't know what happened to my previous post? ?

    But, why do you persist in telling me to sell, you want the stock to go still lower? Really hope your "big picture" turns out to be correct and you're not just naive... we'll see.

    No malice intended, but wonder what's with the "Bye Bye" when you keep coming back, seems a bit childish.

    Sentiment: Hold

  • Reply to

    information

    by titione53 Jan 6, 2015 8:45 PM
    vjpj1110 vjpj1110 Jan 13, 2015 4:54 PM Flag

    I know, I've read it, so they keep saying.

    But, if they can produce Li in an economically viable manner, why aren't they building a plant (or at least have plans for a plant that needs financing) to start producing it? Why the need to keep "testing" with the Germany demonstration plant, as more and more time goes by?

    GL to you.

    Sentiment: Hold

LNCO
10.33+0.23(+2.28%)Jan 30 4:00 PMEST

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