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Post by clinton on Jan 24, 2017 9:57:13 GMT -5
sold EXK at 4.26 2nd goro trigger at 5.58
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Post by clinton on Jan 25, 2017 9:51:01 GMT -5
got a buy order for GORO at 5.01 it almost filled on the open
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Post by clinton on Jan 25, 2017 9:54:56 GMT -5
LONG CDE at 11.42
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Post by novie08 on Jan 25, 2017 12:35:50 GMT -5
JMO, find that if buying miners, between 11:30-1 is the time they take them down most (due to taking down spot/futures) if you don't buy pre-market or at open.
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Post by clinton on Jan 26, 2017 9:55:57 GMT -5
goro 5.01 didnt fill again grrr so close
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Post by novie08 on Jan 26, 2017 10:00:47 GMT -5
goro 5.01 didnt fill again grrr so close Surprised. Showing strength with the takedown in spot/futures this AM, esp. premarket. GL Clint. CDE has come back some too.
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Post by clinton on Jan 26, 2017 10:25:01 GMT -5
GORO not going to fill so I grabbed EXK at 3.95
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Post by birthmark on Jan 26, 2017 11:41:39 GMT -5
Gotta say Clint-- GORO is a great stock for trading.
GL
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Post by clinton on Jan 27, 2017 9:46:56 GMT -5
OSCAR - gold red omni
Im not a believer
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Post by novie08 on Jan 27, 2017 11:09:43 GMT -5
GORO not going to fill so I grabbed EXK at 3.95 Good choice, man.
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Post by novie08 on Jan 27, 2017 11:10:40 GMT -5
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Post by clinton on Jan 29, 2017 20:29:17 GMT -5
from June bubble even bigger now
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Post by novie08 on Jan 30, 2017 10:19:55 GMT -5
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Post by jacksrbtr on Jan 30, 2017 10:45:06 GMT -5
Don't mean to brag (Hell who am I kidding? I got such little to contribute around here I am forced to stoop to such despicable and deplorable levels) BUT that Cordoba Minerals (CDBMF) Dino brought up last week just made a double from my entry! Wha-hoooo! /s/ Deplorable Jack
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Post by novie08 on Jan 30, 2017 11:04:12 GMT -5
COngrats Jack! Wish Dino would post.
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Post by novie08 on Jan 31, 2017 9:56:19 GMT -5
RIC +8.5%! Even GORO +3.7% now.
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Post by clinton on Jan 31, 2017 10:15:46 GMT -5
what a day!!
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Post by jacksrbtr on Jan 31, 2017 10:18:25 GMT -5
Futures up 20 or 1 3/4% me likey!!!
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Post by clinton on Jan 31, 2017 10:39:01 GMT -5
Credit Suisse downgraded New Gold Inc (NYSE: NGD) to Sell. The company’s shares opened today at $3.05.
According to TipRanks.com, Soni is a 2-star analyst with an average return of 0.5% and a 47.2% success rate. Soni covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, Detour Gold Corporation, and Silver Wheaton Corp.
New Gold Inc has an analyst consensus of Moderate Sell, with a price target consensus of $5.
New Gold Inc’s market cap is currently $1.51B and has a P/E ratio of 147. The company has a book value ratio of 0.7145.
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Post by clinton on Jan 31, 2017 10:41:24 GMT -5
Here's Why New Gold Inc. Shares Are Plunging Today The gold miner issued 2017 guidance, which is weaker than expected because of a delay in a key project.
Matthew DiLallo (TMFmd19) Jan 30, 2017 at 11:59AM Cart and pan full of gold nuggets. IMAGE SOURCE: GETTY IMAGES.
What happened Shares of New Gold (NYSEMKT:NGD) plunged on Monday morning and were down 16% by 10:45 a.m. EST. Driving the decline was the release of the company's 2016 production results and its preliminary guidance for 2017.
So what New Gold produced 381,663 ounces of gold last year, which was right in the middle of its 360,000 to 400,000 ounce guidance range. Copper production, meanwhile, came in at 102 million pounds, which exceeded the high end of the company's 81 to 93 million ounce guidance range. The company also noted that it delivered record low all-in sustaining costs of $692 per ounce of gold last year, which were well below its guidance range of $750 to $790 per ounce.
Unfortunately, its outlook for 2017 isn't quite as bright. While the company sees gold output growing to a range of 380,000 to 430,000 ounces, that's not as high as it could have been. That's because the company does not expect to achieve first production at its Rainy River project until September, which is three month later than the previous estimate thanks to a slower than planned ramp-up of mining rates. That delay will result in higher operating expenses in 2017, with the company forecasting that all-in sustaining costs will increase to $825-$865 per ounce.
One of the other issues facing the company is financing the remaining capex required to complete Rainy River. New Gold noted that after receiving the remaining $75 million streaming deposit from Royal Gold (NASDAQ:RGLD), it ended 2016 with $186 million in cash and had another $178 million remaining on its credit facility. However, after factoring in this liquidity along with projected cash flow at current commodity prices, the company expects to fall about $100 million short of the capital needed to complete Rainy River. New Gold is looking at a variety of alternatives to address the shortfall, including selling non-core assets, such as the stream on El Morro, as well as subordinated debt or equity financing transactions. However, given its current debt levels and today's plunging stock price, its best option appears to be another streaming agreement similar to the one it recently signed with Royal Gold.
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