Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ralfph who wrote (33289)	2/19/2007 9:39:41 PM
From: John McCarthy	Read Replies (1) of 78421

Hi Ralph - >>>>>>>>>> cmm- has collapsed in the last year Any upside for this turd ? >>>>>>>>>> I own 125,000 shares and I am just now getting to be in for 1 year. With respect to your question, I don't know the answer, but if you decide to buy-in - this is (in part) what you are buying. All my opinion - no facts involved. Make sure you understand this before reading on. (1) You cannot trust any press release at its face value. (2) You will not see any continuity between press releases. (3) Peggy Kent only lives in the NOW - just like dogs and cats .... and very much not like humans. (4) If she stays true to form when we least expect it cmm will merge or buy somebody. And this will kill current shareholders. (5) If Peggy Kent is a CEO then I'm an astronaut. At the present time i.e. with 4th quarter earnings coming up: (a) I am scared $shitless that she has sold calls on gold ... to get cash quicker to maintain the 2007 cap. exp budget (b) Peggy Kent KNOWS that the true price of gold is $550 an oz. Any other number (in her mind) is an aberration. (c) I've actually booked a bazillion debits/credits in my lifetime - but I think (don't know) we are pushing back onto the balance sheet - some of the - don't know the mining word - scrape? costs - i.e. our expected ration is 5:1 and we are realizing 8:1 right now. I think some of these costs are being pushed back to the balance sheet which means the expense will come forward to the P&L in some future period. (d) One of the mantras is that cmm missed its years because the 4 trucks needed to move the mountain of waste at Sigma were delivered LATE. I don't by this at all. I can't prove it but my thinking is that CMM said give me your most OPTIMISTIC date - the truck company did - and then CMM ran with the OPTIMISTIC date. Why did they do this - unmitigated guile. (e) Another surprize in Dec. was a press release stating that cmm could not mine Lamaque because they did not have the proper environmental studies submitted. CMM i.e. Peggy Kent said that they (the mgt. team were embarrassed) but they thought all was well. Not a chance - way back when somebody took the low road and said lets wing this .... they got caught. (f) Ralph I have to be very careful how I word this. And you will have to trust that I know what I am talking about. Do a google on lithium - see what it is used for - then read the Aug 7th and Aug 15 th press releases - and draw your own conclusion. I have had mine since Aug. 16th. (g) Do the have gold? Yes. How much - beats me. (h) Their game plan (their budget) is to mine 100,000oz in 2007. (i) Can they make that number - a year ago I would have said they can't miss it - now its just more comfortable to PEE in my PANTS. (j) Got a question for you. I cannot tell the difference between a rock and a stone and a bird turd. But CMM just released some drilling results in San Juan Peru. I think what they found is as wide as a centipede and is 700 feet down. Question:Why would you release a press release like that or is it implied that it goes all the way up to the surface. In summary - there are too many positive stocks many of which are posted by a whole bunch of bright boys and girls on this and other boards. So if you jump in - you might consider just going in with your toes. If my post has confused you - I apologize. regards, John McCarthy

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next