Silicon Investor (SI) -- The First Internet Community

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 : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL -- Ignore unavailable to you. Want to Upgrade?

To: PaperPerson who wrote (4185)	8/4/2011 10:51:20 AM
From: PaperPerson	Respond to of 4690

USC.TO UPDATES United Silver Corp. Announces closing of Private Placement and Appointment of New CFO VANCOUVER, BRITISH COLUMBIA, August 2, 2011 - United Silver Corp. (the "Company" or "USC") (TSX: USC)(OTCQX: USCZF) (FRANKFURT: UM8) announces that it has closed the $4,000,000 private placement (the "Offering") previously announced on July 15, 2011. The Offering provides further funding for the Company's continuing exploration and production development for the Crescent Mine project, and for general corporate purposes. The Offering consists of the issuance of 7,843,137 units ("Units") at a price of $0.51 per Unit. Each Unit consists of one common share (a "Share") and one common share purchase warrant (a "Warrant"). One Warrant entitles the holder thereof to purchase one additional common share (a "Warrant Share") of the Company at a price of $0.80 per Warrant Share for a period of three years from the closing date of the Offering. The Offering was placed by Union Securities Ltd. and Delano Capital Corp. (the "Agents"). The Company paid the Agents a cash commission and issued transferable broker warrants (the "Broker Warrants") equal to 7% of the gross proceeds of the Offering, and paid the expenses of the Agents. Each Broker Warrant entitles the holder thereof the right to purchase one common share of USC at a price of $0.55 per Warrant Share for a period of three years from the closing date of the Offering. The Company announces the appointment of Ryan Ptolemy as Chief Financial Officer of the Company effective immediately. Mr. Ptolemy is a Certified General Accountant and a CFA charter holder. Mr. Ptolemy has worked with several public mining companies and securities firms in an accounting or CFO role in the past 10 years, including Barrick Gold Corp., Sherritt International Corp., Integral Wealth Securities Limited, and Orion Securities Inc. Mr. Ptolemy graduated with a BA from the University of Western Ontario. The Company granted to Mr. Ptolemy options to purchase 200,000 common shares at a price of $0.60. Erik Panke has stepped down as CFO and will remain Head of Accounting for all Company operations. United Silver Corp. Announces closing of Private Placement and Appointment of New CFO NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES VANCOUVER, BRITISH COLUMBIA, August 2, 2011 - United Silver Corp. (the "Company" or "USC") (TSX: USC)(OTCQX: USCZF) (FRANKFURT: UM8) announces that it has closed the $4,000,000 private placement (the "Offering") previously announced on July 15, 2011. The Offering provides further funding for the Company's continuing exploration and production development for the Crescent Mine project, and for general corporate purposes. The Offering consists of the issuance of 7,843,137 units ("Units") at a price of $0.51 per Unit. Each Unit consists of one common share (a "Share") and one common share purchase warrant (a "Warrant"). One Warrant entitles the holder thereof to purchase one additional common share (a "Warrant Share") of the Company at a price of $0.80 per Warrant Share for a period of three years from the closing date of the Offering. The Offering was placed by Union Securities Ltd. and Delano Capital Corp. (the "Agents"). The Company paid the Agents a cash commission and issued transferable broker warrants (the "Broker Warrants") equal to 7% of the gross proceeds of the Offering, and paid the expenses of the Agents. Each Broker Warrant entitles the holder thereof the right to purchase one common share of USC at a price of $0.55 per Warrant Share for a period of three years from the closing date of the Offering. The Company announces the appointment of Ryan Ptolemy as Chief Financial Officer of the Company effective immediately. Mr. Ptolemy is a Certified General Accountant and a CFA charter holder. Mr. Ptolemy has worked with several public mining companies and securities firms in an accounting or CFO role in the past 10 years, including Barrick Gold Corp., Sherritt International Corp., Integral Wealth Securities Limited, and Orion Securities Inc. Mr. Ptolemy graduated with a BA from the University of Western Ontario. The Company granted to Mr. Ptolemy options to purchase 200,000 common shares at a price of $0.60. Erik Panke has stepped down as CFO and will remain Head of Accounting for all Company operations.

To: PaperPerson who wrote (4185)	8/4/2011 10:54:08 AM
From: PaperPerson	Respond to of 4690

United Silver Corp. (TSX: USC) and Gold Finder (GFN.V) Announce Expanded Joint Venture Crescent Silver Mine Project unitedsilvercorp.com VANCOUVER, BRITISH COLUMBIA ~ August 4, 2011 ~ United Silver Corp. (formerly United Mining Group, Inc.) ("USC" or the "Company") (TSX: USC) (OTCQX: USCZF) (FRANKFURT: UM8) and Gold Finder Explorations Ltd. ("Gold Finder") (TSXv: GFN), announce that Gold Finder has agreed to include the Bunker Hill claims in the Crescent Silver Mine project located in Silver Valley, Idaho, in the Coeur d'Alene Mining District. The Bunker Hill claims are contiguous to the Crescent Mine property that Gold Finder acquired and granted to USC its earn in right in December, 2009. The Bunker Hill claims were recently purchased by USC and under its Earn In Agreement with Gold Finder, USC offered this property to be joint ventured with Gold Finder under the same terms as the original property. USC has now earned its 80% interest in the Crescent Silver Mine project. As a result of the acceptance by Gold Finder of the Bunker Hill claims, the joint venture property is the whole of the Crescent Silver Mine project, with USC as operator and 80% owner and Gold Finder as 20% owner. The formal Joint Venture agreement between the parties is now being drafted. As part of the Joint Venture, Management Committee meetings will be scheduled, and regular updates will be sent out. Neil Linder, Gold Finder's interim Chief Executive Officer, has replaced David Greenway as Gold Finder's representative on the Management Committee. ABOUT GOLD FINDER EXPLORATIONS LTD. Gold Finder Explorations Ltd. is a Canadian resource company, currently trading on the TSX Venture Exchange under the symbol GFN.V, focused on growth through targeting advanced exploration projects. Gold Finder currently holds an interest in two mineral projects being the Golden Rose project located at Emerald Lake, Northern Ontario and the Crescent Mine project located in the Silver Lake area of the State of Idaho. For more information about the Company, please visit: www.goldfinder.ca. ABOUT UNITED SILVER CORP United Silver Corp. is a vertically integrated mining company with operations in Idaho, USA. The Company has earned, through development and operations, an 80% interest in the Crescent Silver Mine project in Idaho's prolific Silver Belt - directly between two of the world's historically largest silver producing properties, the Sunshine and Bunker Hill mines. The Crescent Mine has historically produced 25 million ounces of silver at an average grade of 27.3 opt (SRK Consulting 43-101 report, March 1, 2010. The Company believes this historical data to be reliable and relevant). The Company also offers a full suite of mining services including contract mining and mine machine repair and fabrication services to silver miners in the district. USC is committed to building a senior silver-producing mining company based on exploration and development of the highly-prospective current land position at the Crescent Silver Mine project and through the acquisition of additional precious metals interests. The Company trades on the Toronto Stock Exchange under the symbol "USC". For more information about the Company, please visit: www.unitedsilvercorp.com August 02, 2011 United Silver Corp. Announces closing of Private Placement and Appointment of New CFO -------------------------------------------------------------------------------- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES VANCOUVER, BRITISH COLUMBIA, August 2, 2011 - United Silver Corp. (the "Company" or "USC") (TSX: USC)(OTCQX: USCZF) (FRANKFURT: UM8) announces that it has closed the $4,000,000 private placement (the "Offering") previously announced on July 15, 2011. The Offering provides further funding for the Company's continuing exploration and production development for the Crescent Mine project, and for general corporate purposes. The Offering consists of the issuance of 7,843,137 units ("Units") at a price of $0.51 per Unit. Each Unit consists of one common share (a "Share") and one common share purchase warrant (a "Warrant"). One Warrant entitles the holder thereof to purchase one additional common share (a "Warrant Share") of the Company at a price of $0.80 per Warrant Share for a period of three years from the closing date of the Offering. The Offering was placed by Union Securities Ltd. and Delano Capital Corp. (the "Agents"). The Company paid the Agents a cash commission and issued transferable broker warrants (the "Broker Warrants") equal to 7% of the gross proceeds of the Offering, and paid the expenses of the Agents. Each Broker Warrant entitles the holder thereof the right to purchase one common share of USC at a price of $0.55 per Warrant Share for a period of three years from the closing date of the Offering.

To: PaperPerson who wrote (4185)	8/6/2011 8:52:33 AM
From: DrBill	1 Recommendation Read Replies (1) \| Respond to of 4690

Post # of 9250 Silver Miners Oversold for No Good Reason by Erik Wright _______________________________________________________ As most investors are aware the markets have been extremely volatile this past month. Most of this volatility can be attributed to a wide range of issues that have got investors quite worried; going from the Europe debt crisis to a sluggish American economy, which is itself up to its ears in debt. It seems every day the sentiment is growing more and more pessimistic about the hopes of a sustainable recovery. Although the past month has been dismal in terms of performance for the S&P 500 (SPY) and equities in general, gold (GLD) and silver (SLV) have been running upward. By simply looking at the past month, the comparison between the S&P 500 (SPY), GLD and SLV, the graph clearly demonstrates the disparity between equities and these shiny metals. (Click charts to enlarge) Investors have been using gold and silver as a flight to safety, as well as a way of protecting themselves against the loss in value of the USD, which could be accentuated through further quantitative easing. South Korea and other emerging market central banks have been drastically increasing their gold and silver holdings. In a recent Forbes article Jeff Clark, senior precious-metals analyst with Casey Research emphasized that: “So far in 2011, central banks in the emerging markets have already bought more than double the gold they bought in all of 2010, and we’ve got almost five months to go for the rest of the year,” China itself has been demonstrating to its citizens the value of investing in silver and last year China accounted for 23% of the worldwide silver demand alone. China's new mercantile exchange is also making it much easier to have access to silver and silver contracts, which should also help increase Asian investor's demand for metals. Focusing simply on silver, the metal has performed fantastically this recent year but miners themselves seem to have been left in the dust. The following chart demonstrates a few silver miners in comparison to the metal itself (SLV). Oddly, as shown above there has been quite a discrepancy between the metal and the companies mining the metal. This seems quite strange since evidently when the price of the commodity that a company is selling goes up so does the company's profits, therefore the share price should follow. But in multiple instances the price of silver went up while the miners fell. Some explanations given for this are that people would rather hold the physical asset rather than owning a company. Some believe that buying a gold or silver company puts you not only susceptible to commodity specific risk but also company specific risks such as regional, political and financial risks. Although I agree with that ideology it is hard to ignore a few of these silver companies even with stellar growth, solid capital structures and rising silver prices, have yet to rally in tandem with their specific commodity. Another reason silver companies are oversold is that most of them use oil and gas to operate mining operations. Being such a significant cost, the recent decline in oil should be helping these companies increase profitability. Yesterday's drastic decline has made many of these silver miners drop like a stone, many declining over 10% in one day. The selling can be mostly attributed to investors selling to avoid a margin call due to a sudden drop in the value of their portfolio. Others also believe this sector is a place where lots of manipulation occurs from the bigger institutions and hedge funds that help accentuate the drop in severe declines to entice fear upon the retail investors to later get in at more discounted prices. Lastly, the overall market got sold off drastically, many fleeing back to the USD, treasuries and raising cash by selling all types of equities. Many of these silver miners are nearing short-term oversold levels and may be due for a rally. It could be a great opportunity to capitalize on these extreme declines by picking up some solid companies in the silver and gold sector. Based on technicals I would advise caution and waiting for a confirmation of a reversal pattern before entering in a position, because silver companies have yet to show a sustainable intra-day reversal pattern. Based on fundamentals, many of these companies are very well off financially and have incredible future growth prospects. Therefore, they could become very feasible long term investments if picked up at discounted prices.