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Strategies & Market Trends : The Ego Forum -- Ignore unavailable to you. Want to Upgrade?

To: hubris33 who wrote (3940)	6/8/2009 4:47:48 PM
From: El Canadiense	Respond to of 12175

Excelent post indeed! Annualized cash flow for OGC.TO (from last Q when they really turned things around) BTW is 48 cents. Not bad considering its selling at 1.20 when typical junior valuation would point closer to 5 bucks than 1. And if one is wondering, well, OGC just turn around the corner volume wise with more gram per tonne from now on being indicated, just read their statements, its ALL GOOD going forward! and hedges are dropping in 18 months. I cant believe there are currently some EXPLORATION cos on the TSX being valued north of M 500 mkt caps right now being valued on NOTHING! just some drill holes and pumpers cheering these things up! while some great quality well managed and producing cos like OGC sit at lower valuations! roflmao well, it used to be called "value investing", I dont even know if that exists anymore ??? maybe it´s all flippin, floppin, and selling back and forth nowadays between retarded market participants?

To: hubris33 who wrote (3940)	6/11/2009 8:08:14 PM
From: hubris33	Read Replies (1) \| Respond to of 12175

Wasn't I just mentioning the potential for a wave of M&A activity? Yamana's war chest and potential takeover targets Posted: June 11, 2009, 12:24 PM by Jonathan Ratner Mining, Takeovers, gold, Yamana Gold, M&A Yamana Gold Inc. expects its sale of three mines for US$200-million will allow the company to better focus on its core assets and operating jurisdictions. It also plans to advance its high-returning development-stage projects. “In the end, the plan is aimed at lowering cash operating costs, increasing margins, reserves, production and cash flow per mine,” Wellington West analyst Steve Parsons told clients. But the senior gold producer has also built up a war chest of approximately $1-billion in cash and equivalents, undrawn credit and proceeds from mine sales. This has prompted the analyst to suggest Yamana may emerge as a “buyer of significance.” Yamana operates six mines and has several development/expansion projects in progress in Brazil, Argentina and Chile. Its core operations include the high-grade El Penon gold-silver mine in Chile and the Chapada copper-gold mine in Brazil. While the disposal of non-core operations will take a bite out of earnings and cash flow, with an acquisition looming, the negative impact may be short-lived, Mr. Parsons said. He believes Yamana will look to add a larger-scale asset than those it sold. Those relatively near-term, intermediate producers with a long life in stable geopolicitical jurisdictions include Osisko Mining Corp., Detour Gold Corp., Jaguar Mining Inc. and Romarco Minerals Inc. Jonathan Ratner network.nationalpost.com I think he left off a few I mentioned. And now that I think about it the guy didn't do much homework - his list is pathetic. Osisko is the only one that is moving toward production with financing nearly done, but that is a bulk tonnage project that could get wipped out with high inflation. Detour might be another good play. Romarco - But why would Yamana buy a project in SOUTH CAROLINA? Project isn't even in the build stage. Jaguar is their next door neighbor in Brazil, if Peter Maronne wanted Jag, he'd have bought it already. Not sure how Jag would help AUY diversify? Gee, maybe AUY is taking a look at B2Gold? That would certainly give them geo diversity. I think it would make more sense for AUY to look into buying GRS, MFN, ARZ, NGD, NXG or ANV instead of the list that guy offered up. Next time he should call me instead of guessing. H3