Recent

% | $
Quotes you view appear here for quick access.

Silver Wheaton Corp. Message Board

we_are_borg 79 posts  |  Last Activity: Jun 22, 2016 7:39 PM Member since: Mar 18, 2013
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    We_are_wrong

    by justin_deerwester Jun 22, 2016 10:38 AM
    we_are_borg we_are_borg Jun 22, 2016 7:39 PM Flag

    "Wow, feels so good to type that after reading all the condescending, contemptuous stuff you write. I'll ask again, why? What do you have to gain for being so mean to people you don't even know? Weird.
    But speaking of gains, SGY $$$$$ ... Ha ha, you were DEAD WRONG my friend."

    How is it you are able to formulate such an opinion of the Borg when you've only been a Yahoo poster since 17-MAY? The Borg have been posting here for nearly six months now, we owned SGY off and on from 2009 through 2011 and profited greatly. We avoided the stock when the entire commodity complex went south due to the economic contraction in China, then came the Saudi over-production game.

    Six months ago, we saw the E&P's take 35% - 50% hair cuts but one group declined by an incredible 80% - 95%,; every stock in that group shared the same characteristics -- they were small-caps with high (+100%) debt/equity ratios. The Borg shared this observation with this board when SGY was still trading above $10 (pre-split) and warned of the ultimate consequences thereof.

    Even as SGY slid below $5, many came here banging their drums and telling us to buy, buy, buy! We repeatedly counseled our readers that SGY was essentially a penny stock well on its way to $1, We were laughed at and called disparaging names, we smiled. A few months later, SGY slid under $1.

    We recall your first post: you wanted to know what happens to shareholders after a company goes BK. We were amused by your level of ignorance. Are you so lazy that you couldn't be troubled to research the topic at Investopedia or any brokerage website? You go to a Yahoo message board for investing knowledge? Indeed, what does THAT say about YOU? Ha-ha!

  • Price movements greatly exaggerated due to low float after RS. Shorts probably forced to cover as well. We believe Zack's is behind recent momentum play, they suddenly started giving unexplained glowing reports for Stone. We've seen them do this before with other stressed out stocks -- they bash them month after month then suddenly issue a positive report when nothing materially has changed for the company in question.

    Looking at yesterdays volume action, we saw price being supported by a few large buys, a few big volume spikes in an otherwise a normal trading pattern.

  • Reply to

    Borg Knows All.......Trust Him!

    by nascar.strong Jun 17, 2016 12:58 AM
    we_are_borg we_are_borg Jun 20, 2016 1:37 PM Flag

    Blurry blue eyes,

    Re: negative interest coverage: "... well so did every other E$P..."

    Many of the larger E&P's, in fact, went negative for a few quarters but not for the entire period. It was the smaller over-leveraged E&P's like Stone that suffered the most. And now more than a few have gone under. Well-capitalized companies were able to take steps to reduce their costs and sell off some non-core assets to raise cash.

    Stone has NO non-core assets, everything they have they need to stay alive -- they need EARNINGS! How are you gonna grow earnings if you start selling off bits & pieces of your core business? It's like trying to become a better soccer player by amputating your right foot!

    I know you're probably Canadian (you have a tell), but that shouldn't hold you back, I know a lot of Yanks who are almost just as dense in the dome!

  • Reply to

    BK Still On The Table

    by we_are_borg Jun 15, 2016 1:55 PM
    we_are_borg we_are_borg Jun 20, 2016 1:21 PM Flag

    Jemfad,

    "... isn't the 8K from the negotiations with the note holders more meaningful..."

    Well, in theory, that's all very nice. But the word "bankruptcy", is not something corporate officers should be casually tossing around unless there's a strong belief that may be Stone's only way out of this mess.

  • Reply to

    Barclays up their target price by 600%

    by blueiz1020 Jun 15, 2016 4:15 PM
    we_are_borg we_are_borg Jun 20, 2016 1:16 PM Flag

    "guess who is looking stupid borgo"

    The Collective has given this matter serious consideration and has arrived at the conclusion that YOU are STILL stupid. Ladies, gentlemen and various undeclared transgendered entities, this is why one should never take recreational drugs during the day.

  • Reply to

    Borg Knows All.......Trust Him!

    by nascar.strong Jun 17, 2016 12:58 AM
    we_are_borg we_are_borg Jun 20, 2016 1:12 PM Flag

    Greetings Cubicle One!

    Re. "$185M & borrowed cash"

    We were going to mention that to ol' Blue Eyes Bonehead, but didn't want to burst the boy's bubble -- he thinks he's doing so well. Let's let him think SGY actually has $32/shr cash, LOL.

  • Reply to

    Borg Knows All.......Trust Him!

    by nascar.strong Jun 17, 2016 12:58 AM
    we_are_borg we_are_borg Jun 17, 2016 6:04 PM Flag

    Now that Stone has openly stated multiple times in recent 8-K filings that BK is on the table, WHEN it happens is no longer relevant as it most-likely WILL happen -- could be tomorrow, could be in the Fall. It all depends on how long they'll try to drag out this soap opera. But with minimal cash left in the till, the options here are very limited, with BK probably being the easiest way to go.

    The RS was a desperate act at trying to delay delisting but it wasn't enough as they're a long ways from meeting the minimal capital requirements -- delisting is coming.

    Stone has yet to offer ANY plan for continuing operations without the protection of BK. Meeting the deadline for the LoC and bond payments bought them a month or two but it also used up a lot of valuable cash needed to run the business.

    They could sell certain assets to retire most of their debt or buy back bonds. But without all their assets working and a low-cash position, weakened cash flow from the remaining operations will be insufficient to keep the remaining assets running unless Stone takes on more debt (which no one will want to extend to them).

    The price of oil & gas is also irrelevant as SGY was hurting back when oil was in the $75 - $100 range. They WERE a good company until management moronically took on more debt than they could handle; they've had negative interest coverage on their debt nearly every Q since mid-2014, which was around the time he smart money started bailing -- that was way before when the Saudi's started dropping the price.

  • Reply to

    Barclays up their target price by 600%

    by blueiz1020 Jun 15, 2016 4:15 PM
    we_are_borg we_are_borg Jun 16, 2016 6:17 PM Flag

    Re. Beacon Chronicle article, from the same report:

    "When having a look at Recommendation Trends of the stock polled by Thomson First call. For the Current month, 0 analysts have assigned this stock as Strong Buy where 0 assigned Buy, 9 analysts believe it’s a Hold, 2 said Underperform and 1 assigned Sell rating."

    NO BUYERS!

  • Reply to

    BK Still On The Table

    by we_are_borg Jun 15, 2016 1:55 PM
    we_are_borg we_are_borg Jun 16, 2016 12:22 PM Flag

    jkeleshia,

    "What about your irrelevant predication of BK by the end of June?"

    I'm reminded of the Titanic movie from a few years ago. You're Leonardo Dicaprio hanging on to the stern railing as the bow starts to go under -- then you turn to Kate Winslet and tell her that everything will be all right, it's perfectly normal.

    June is a long way from being over!

  • Reply to

    Take away those letters of credit

    by uncle_miami_danny Jun 16, 2016 7:35 AM
    we_are_borg we_are_borg Jun 16, 2016 12:15 PM Flag

    Take away the iceberg and the Titanic would never have sunk!

  • Reply to

    BK Still On The Table

    by we_are_borg Jun 15, 2016 1:55 PM
    we_are_borg we_are_borg Jun 15, 2016 10:28 PM Flag

    Blue Bong Head,

    "that was not the latest 8 -K"

    Yes it is. Dated 14-June-2016, reviewed it on NASDAQ website. Oh, you DO realize today is the 15th, right? Disagree? Then provide source.

  • Reply to

    Barclays up their target price by 600%

    by blueiz1020 Jun 15, 2016 4:15 PM
    we_are_borg we_are_borg Jun 15, 2016 10:15 PM Flag

    Blue Bonghead,

    Do you take Stupid Pills? Did you actually R-E-A-D the entire article covering Barclays analysis? Here, allow us to help you:

    "The higher price target reflects Stone Energy's recently completed 1-for-10 reverse stock split, which occurred on Monday."

    A $3 target price post-split is the same as 30-CENT target price pre-split!!!! So tell us more about that 600% increase LOL!!!!

    TheStreet Ratings Team had this to say about Stoned Energy: "Sell rating with a score of E+ on the stock ... this is based on several weak investment measures, which should drive this stock to significantly underperform the majority of stocks rated by the team."

    You are not worthy of assimilation, your stupidity would dumb-down the Borg Collective.

  • we_are_borg by we_are_borg Jun 15, 2016 1:55 PM Flag

    From latest 8-K:

    "The Company continues to assess various strategic alternatives to address its liquidity and capital structure, including strategic and refinancing alternatives through a private restructuring, asset sales and A PREPACKAGED OR PREARRANGED BANKRUPTCY FILING. " [caps added]

    If things are all bright and shiny why are they still talking about the possibility of BK? We've yet to come across ANY analyst or industry expert saying ANYTHING positive about this company -- NONE. The only cheerleaders appear to be posting on this board.

  • Reply to

    a logic of RS is simple

    by alex_iff Jun 4, 2016 8:20 AM
    we_are_borg we_are_borg Jun 6, 2016 11:03 PM Flag

    He cannot defeat a 6' 270 lb.Borg combat drone with cybernetic implants, multi-spectrrum ocular sensors and multi-phasic body shielding. He is weak and pathetic, he will be assimilated.

  • The Borg shall explain:

    From recent SEC filing:

    "Section 8.02.01B of the NYSE continued listing standards states that a company will be considered to be below compliance if its average global market capitalization over a consecutive 30 trading-day period is less than $50 million, and at the same time stockholders’ equity is less than $50 million. The Company is considered below these criteria because its average global market capitalization has been less than $50 million over a consecutive 30 trading-day period and because its stockholders’ equity was below $50 million."

    With 57M shares outstanding, SGY must trade at about 90-cents pre-split to meet the requirement (or post-split price of $8.77 with a new float of 5.7M shares). A RS by itself does NOT prevent delisting, they must have a market cap of $50M. We're thinking someone is trying to artificially goose the price to make that happen. Monday's action was NOT institution-driven, probably some fat-cat traders, pump & dumpers and market-makers. We saw no news explaining the pop. SGY is totally disconnected from the energy markets right now, so a return to $50 oil (or even $100 oil) ain't gonna help their situation for the near term.

    Monday's trading volume was too lame (even with the price @ 55-cents) to be considered anything other than market-maker manipulation. If you look at the volume action, you see most of the gains were associated with just a handful of +100K share trades. If there was even a shred of hope for SGY, daily trading volume would have exploded to 30-50M.

  • Reply to

    a logic of RS is simple

    by alex_iff Jun 4, 2016 8:20 AM
    we_are_borg we_are_borg Jun 6, 2016 10:12 PM Flag

    Oh, and don't forget:

    "If the Company does not make its interest payment by June 14, 2016, an Event of Default would occur under the indenture governing the 2022 Notes, which would give the trustee or the holders of at least 25% of principal amount of the 2022 Notes the option to accelerate maturity of the principal, plus any accrued and unpaid interest, on the 2022 Notes. An Event of Default under the 2022 Notes may result in defaults and acceleration of maturities under the Company's other debt instruments. The Company expects operations to continue as normal while these discussions are ongoing."

    If BK is not on the table, then why did the company explicitly mention it?

    "The Company is in the process of analyzing various alternatives to address its liquidity and capital structure, including strategic and refinancing alternatives through a private restructuring, asset sales and a prepackaged or prearranged bankruptcy filing."

    You don't just casually throw out words like "bankruptcy" in a formal SEC filing unless its under serious consideration.

  • Reply to

    a logic of RS is simple

    by alex_iff Jun 4, 2016 8:20 AM
    we_are_borg we_are_borg Jun 6, 2016 9:49 PM Flag

    It appears Little Alex has a question for us: " the company is not going to BK court. Otherwise why to [sic] make RS? "

    Stone gave an explicit answer to that question in a recent 8-K filing:

    "The reverse stock split is intended to increase the market price per share of Stone's common stock in order to comply with the NYSE continued listing standards relating to minimum price per share. "

  • No, that's not a question, we know what's going on! Tonight the Collective would like to share its incredibly brilliant observations with the less-developed lifeforms in the Alpha Quadrant.

    BK is near. The recent "gains" of late are most likely due to the last of the short positions being covered, this is strictly a technical phenomenon and has nothing to do with the company -- there will be no last-minute deals, no miracles. Take note of today's volume -- only twice normal, dollar-wise, that's not much for what was a sub-50-cent stock just a couple of days ago; had there been any real positive news on the horizon, SGY would be trading @ +20M shares a day, minimum.

    The company's total debt obligations now exceeds its enterprise value. The money it received after tapping out its credit line is needed to sustain daily operations (i.e., meeting payroll & keeping the lights on), it cannot be used for any other purpose (such as buying back bonds). The company stated this most explicitly in an 8-K filing at the time they drew the funds.

    On a more humorous note: we see NASCAR is back spinning his wheels, making the usual smoke and noise while going nowhere.

  • Here's something all you reverse-split cheerleaders failed to notice (or comprehend) from the latest filing:

    "However, a reverse stock split would not cure the average global market capitalization non-compliance."

    We are Borg, we are here to help.

  • Reply to

    From meeting on Friday

    by paidpumpers May 22, 2016 8:31 AM
    we_are_borg we_are_borg May 23, 2016 5:06 PM Flag

    "They increased share incentive program for employees, increased number of shares allowed from 150M to 300M, and approved RS up to 20:1. Sounds like they are going to RS and issue more shares. Good news as this is priced for BK."

    Financially, this changes NOTHING!. New shares = price dilution. And who's gonna buy those new shares? Any artificial bump in price will be short-lived without lots of buyers, market-makers will take SGY back down under $1 in a heart-beat. Other than day-traders, what would compel anyone except NASCAR Guy and Jkeleshia to buy this sack of horse apples? If there was a valid turnaround story here, people would've already bid this thing up to $3 on record volume. Look at today's volume -- NOTHING!

    Smoke & mirrors. financial sleight-of-hand, putting lipstick on a pig. All just a bunch accounting tricks to stave off the inevitable. We are Borg, we were right six months ago, we were right three months ago, we were right a month ago and we're right today.

SLW
22.8694+0.9794(+4.47%)12:25 PMEDT