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zato

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  • Severely Undervalued Midway Gold Advancing Pan Transparently To Production [View article]
    Just heard back from Midway. There is no such $40mm buyout option.
    Jan 27, 2015. 01:03 PM | Likes Like |Link to Comment
  • Severely Undervalued Midway Gold Advancing Pan Transparently To Production [View article]
    I've looked and I don't see it. Midway's Spring Valley stake is worth at least $75mm in my view so a Barrick buyout option at $40mm would be a large negative. If you can't substantiate your assertion, I suggest you retract it.
    Jan 27, 2015. 11:46 AM | Likes Like |Link to Comment
  • Severely Undervalued Midway Gold Advancing Pan Transparently To Production [View article]
    Where do you see that Barrick can buy out Midway's interest in Spring Valley for $40 mm?
    Jan 26, 2015. 03:33 PM | Likes Like |Link to Comment
  • Update: Midway Gold Still Expects To Pour Its First Gold This Quarter [View article]
    No, that's not what it says. It isn't even clear from the news release that CBA is the counterparty though that is likely the case.

    In a nutshell, there is a loan from CBA. Over the life of that loan, Midway will consume diesel fuel. AFTER the loan with CBA had already been closed, Midway initiated a hedge for 75% of expected fuel consumption. Why would Midway bother to make such a deal if the benefit accrues to the bank?
    Jan 20, 2015. 02:43 PM | 2 Likes Like |Link to Comment
  • Our Favorite Gold And Silver Potential Takeover Candidates (Part 1) [View article]
    Option 1 offers a reasonable payback period (3.4 years), but that's at $1300 gold and the mine plan is only a little more than 1 million ozs. Hardly exciting. Options 2 and 3 have payback periods of 6.1 and 7.7 years respectively and again, that's at $1300 gold. Not a snowballs chance in hell of that happening in the current gold price environment.

    Maybe Kinross buys them for the optionality, for the hope of better days ahead. But at current gold prices, this project, even with the revised PEA, is DOA.
    Oct 31, 2014. 01:52 PM | Likes Like |Link to Comment
  • Herbalife: Who's Consuming All Those Shakes? And Why... [View article]
    The company hires an expert and he blesses the company's practices. Wow, that's convincing...not. It's not who is making the argument, it's the ARGUMENT ITSELF that matters. Christine lays out in detail how new members are instructed to use their social networks to sell thousands of dollars worth of shakes. To take just one example from the many questionable practices in the article, how exactly do you build a business by going to your competitors (other distributors) and consuming their product twice a day for months????? Think about it.
    Sep 9, 2014. 11:24 AM | 6 Likes Like |Link to Comment
  • Herbalife: Who's Consuming All Those Shakes? And Why... [View article]
    Hans, you and other Hepalife supporters have made a logical error. Just because someone has a motive for making a certain argument does not mean that that argument is unsound--you've made an "appeal to motive" and it's a logical fallacy. How about dealing with the argument? What part of Christine's narrative do you disagree with? Do you deny that "members" must find a home for 600+ shakes during their training? If Christine is wrong, show us where.
    Sep 9, 2014. 10:40 AM | 15 Likes Like |Link to Comment
  • Starbucks Is Now Selling Ice To Eskimos [View article]
    Yo, it's Col "O" mbia.
    Aug 12, 2014. 04:02 PM | 2 Likes Like |Link to Comment
  • How The Fed Fuels The Coming Inflation [View article]
    Your comments about inflation are just as preposterous. Inflation is here NOW. MIT's Billion Price project shows inflation consistently running at a 2-3% rate and a 6% annualized rate last month. It is diverging sharply from the heavily scrubbed CPI, but even that measure is showing inflation. What's interesting about the BPP is that if anything, we should expect inflation in the BPP to be LESS than the CPI. BPP, which measures online goods prices, is skewed to areas where we expect decreasing prices (electronics, apparel) and is very under-weighted in areas that are experiencing the highest price increases (health care services, education, food, energy and housing). And no measure of inflation captures the ridiculous asset price bubbles that the Fed has carefully and purposefully engineered.
    May 8, 2014. 01:45 PM | 1 Like Like |Link to Comment
  • How The Fed Fuels The Coming Inflation [View article]
    It is truly frightening that a former Fed governor has put forth such a preposterous definition of money printing. Supreme Court Justice Potter Stewart once said of pornography, "I know it when I see it." The same could be said for money printing. So let me get this straight. The treasury sells securities to the banks. The banks turnaround and sell them shortly thereafter to the Federal Reserve (after tacking on a generous markup, of course), and this is not money printing? Would it be money printing if the Fed bought them directly from the Treasury and if not, what would you call it? By your logic, the Fed cannot print money by DEFINITION because it cannot control bank lending. This is preposterous. Perhaps the Fed should drop cash from helicopters; as long as the masses deposit it in the banks, it's not money printing, right?

    As for your jabs at the "experiment" comment, what is it if not an experiment? If there is no cost to 3 trillion dollars of balance sheet expansion, then why hasn't the Fed expanded the balance sheet like this before?

    QE is about two things: (1) bailing out banksters and (2) enabling Washington to kick the fiscal can down the road. You know it. I know it. Deep down every investor with half a brain knows it. But as long as your Fed cronies keep blasting the music, the Chucky Princes of the world will keep dancing, dancing fools that they are.
    May 8, 2014. 01:19 PM | 1 Like Like |Link to Comment
  • SolarCity And The Dark Underbelly Of The PPA Model [View article]
    If you think you can extract 98% of the sun's energy hitting a solar thermal system on a 30 degree winter day and convert it to useful energy (water/space heating), I've got a bridge to sell you.
    Apr 21, 2014. 02:36 PM | 6 Likes Like |Link to Comment
  • SolarCity And The Dark Underbelly Of The PPA Model [View article]
    >>Instead, by using the same roof space (duct work was already in place) with solar thermal could provide whole house HVAC, including hot water, eliminate 80-90% of heating bills, and reduce GHG-emissions by 80% or more. <<

    Really? Let's see some evidence for this claim. I've been short SCTY and continue to view it negatively, but let's be fair. Those numbers don't look remotely realistic.
    Apr 21, 2014. 12:11 PM | 6 Likes Like |Link to Comment
  • Callon Petroleum: Permian Basin Pure Play's Stock Is A Bargain [View article]
    Enterprise value is almost $400 million, a large premium to the PV-10. And it's not cheap on a production basis at over $100k per flowing boe.
    Feb 21, 2014. 11:49 AM | 2 Likes Like |Link to Comment
  • The Golden Short: Midway Gold Should Be Half Its Current Price [View article]
    Among other reasons, he has talked about it in interviews.
    Feb 20, 2014. 11:15 AM | Likes Like |Link to Comment
  • The Golden Short: Midway Gold Should Be Half Its Current Price [View article]
    "I do not think any of them warrant much in additional valuation. No one is investing in Midway on the basis of anything but the Pan project."

    Um, ever hear of a little company called Barrick? Midway is partners with them on a project called Spring Valley with a 25% interest. The deposit has a resource of over 4 million ounces and Midway is carried to production. That's 1 million ounces net to Midway. Barrick has already spent over $38 million on the project so they're serious about bringing it to production. You don't think this warrants any additional valuation? Well, this shareholder does. So does Bill Fleckenstein, who is a shareholder as well.
    Feb 20, 2014. 09:41 AM | 6 Likes Like |Link to Comment
COMMENTS STATS
43 Comments
101 Likes