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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (13637)6/16/2006 4:46:11 PM
From: loantech  Read Replies (3) | Respond to of 78419
 
GGC then CMM. <g>



To: koan who wrote (13637)6/16/2006 5:20:30 PM
From: marcos  Read Replies (1) | Respond to of 78419
 
mai.v - there's another yes, got it scrawled on a piece of paper here, gave it ninety seconds look on tuesday then got distracted by other stuff, woulda shoulda coulda, same like rdv.v ... not to worry, as i actually didda on others that day, spent what there was to spend, works out likely the same ... when a whole sector moves, it doesn't do you the good/harm that a single stock will do when it moves up/down against the sector trend ... what you want is serial winners, in the right order, and let the sector go where it may

su.to - late report, but i bought/sold a lot of Suncor this week, now all out and eagerly awaiting stockcharts' 69.00 buy opp -g- ... made five per cent on the gross, which is more than their trailing per share earnings, heh heh, and made near fifteen per cent on the buy power used, through the miracle of margin credit ... not likely to do that again though, too time-consuming, you're watching every tick push your fear/greed buttons ... far more relaxing and safer to play flakey little juniors [lol, but seriously too] ... have a great weekend chuck, cheers



To: koan who wrote (13637)6/16/2006 5:44:46 PM
From: jackjc  Respond to of 78419
 
MAI: My post on the big down day Tues:
Made one of the best recoveries from my 96 buy to 1.30.

To: koan who wrote (13295) 6/13/2006 4:13:32 PM
From: jackjc Read Replies (1) of 13648

My guess is ECU could be bought for 1.00 before GGC.

And MAI represents good value now IMO, I bought more of that
today by far, than any other.

Been staying away from SPM since the big financing, but will have
to add more if it holds around here.



To: koan who wrote (13637)6/16/2006 5:49:57 PM
From: onepath  Respond to of 78419
 
Buy GGC
We all have it and if it tanks nobody can tell you what a stupid move it was and if it flies well of course we are all really smart.Last time this happened it was ARU and I waited.(still am)tears!lol
Anyone follow DMM which seems to have good prospects in Ecuador close to ARU and now moving up?
Also like CMM GUY IAU RDV(forever)DMM EDR MMGG and SST
Also SCM as an area play on GUY
Wild card TUO drilling in the Eskay creek area.



To: koan who wrote (13637)6/17/2006 8:50:14 AM
From: tyc:>  Read Replies (2) | Respond to of 78419
 
If you're looking for new ideas, take a look at Rio Narcea. RNG.t or RNO on the American exchange.

This company is building a new open pit gold mine in Mauritania that will be in production next year. You will find details of the feasibility study on the old Sedar site of Defiance Mining,in a news report dated April 29, 2004. The report indicates that with Gold at $450 per oz, the project IRR was expected to be 32% (Capital cost $48M).

IMHO this project seems to be valued at zero in current market price, for (again IMHO) the current market price is justified by their Spanish Nickel/copper mine, which is expected to show a $60M cash flow this year (from my memory only) ! Their website has a presentation of the quarter's results to end of March that would enable you to confirm this. It is worth listening to.

60% of their copper production for the next two years is hedged @ ~$1 US per lb. The first quarter's results showed a profit despite the booking of a $9M loss on the value of this hedge book. Don't be fooled by this; the total negative value of the hedge book is included on the balance sheet, and amounts to only ~$11M.... that's about .17c per share. And if copper FALLS in value below the March 31 price, the value of the hedge book would be enhanced !!

Koan, there are warrants that I consider to be very well leveraged. With the price of the stock @~$2, and the warrants at ~.25c gearing is ~ 8:1. I estimate the delta at ~23% so I'm guessing that the warrants might outperform the volatile stock by 1.8x (i.e 23%of 8:1).