6 Micro Caps To Add To Your Portfolio For 2013 [View article]
Frost must know that the drilling results will show a dud. No reserves, limited cash and no revenues known or estimated. How in the world can this be a recommended stock?
This Gold Mining Company Is The Best Bet In Nevada [View article]
The information below is as filed by Pershing Gold with the Securities and Exchange Commission on December 6, 2012. http://bit.ly/T2ZlKl
Overview We are a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. We are currently focused on exploration at our Relief Canyon properties in Pershing County in northwestern Nevada. None of our properties contain proven and probable reserves, and all of our activities on all of our properties are exploratory in nature. To date, we have not generated any revenues from our mining operations. For the year ended December 31, 2011, we reported a net loss of approximately ($24.6) million. We reported a net loss of approximately ($5.1) million for the quarter ended September 30, 2012 and approximately ($45.6) million for the nine months ended September 30, 2012. We expect to incur significant losses into the foreseeable future and our monthly “burn rate” for general and administrative costs (including all employee salaries, public company expenses and consultants) is approximately $500,000. Our monthly burn rate for all costs during each month of the fourth quarter 2012 is expected to be approximately $700,000 (including exploration and facilities recommissioning). We will need to obtain additional funding to fund operations and exploration beginning in January 2013.
RISKS RELATING TO OUR BUSINESS We have no proven or probable reserves on our properties and we do not know if our properties contain any gold or other minerals that can be mined at a profit. The properties on which we have the right to explore for gold and other minerals are not known to have any deposits of gold or other minerals which can be mined at a profit (as to which there can be no assurance). Whether a gold or other mineral deposit can be mined at a profit depends upon many factors. Some but not all of these factors include: the particular attributes of the deposit, such as size, grade and proximity to infrastructure; operating costs and capital expenditures required to start mining a deposit; the availability and cost of financing; the price of the gold or other mineral which is highly volatile and cyclical; and government regulations, including regulations relating to prices, taxes, royalties, land use, importing and exporting of minerals and environmental protection. We are also obligated to pay production royalties on certain of our mining activities, including a net smelter royalty of 2% on production from our Relief Canyon Gold assets acquired during 2011, which would increase our costs of production and make our ability to operate profitably more difficult. 4  We are an exploration stage company and have only recently commenced exploration activities on our claims. We reported a net loss for the year ended December 31, 2011 and subsequent quarters to date, and expect to incur operating losses for the foreseeable future.
So this is a company with a very high cash burn, no revenues and no proven or probable reserves as indicated by Pershing Gold on December 6, 2012.
How can you fix future target prices on such a company?
Pershing Gold Exiting 2012 On A High Note [View article]
The information below is as filed by Pershing Gold with the Securities and Exchange Commission on December 6, 2012. http://bit.ly/T2ZlKl
Overview We are a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. We are currently focused on exploration at our Relief Canyon properties in Pershing County in northwestern Nevada. None of our properties contain proven and probable reserves, and all of our activities on all of our properties are exploratory in nature. To date, we have not generated any revenues from our mining operations. For the year ended December 31, 2011, we reported a net loss of approximately ($24.6) million. We reported a net loss of approximately ($5.1) million for the quarter ended September 30, 2012 and approximately ($45.6) million for the nine months ended September 30, 2012. We expect to incur significant losses into the foreseeable future and our monthly “burn rate” for general and administrative costs (including all employee salaries, public company expenses and consultants) is approximately $500,000. Our monthly burn rate for all costs during each month of the fourth quarter 2012 is expected to be approximately $700,000 (including exploration and facilities recommissioning). We will need to obtain additional funding to fund operations and exploration beginning in January 2013.
RISKS RELATING TO OUR BUSINESS We have no proven or probable reserves on our properties and we do not know if our properties contain any gold or other minerals that can be mined at a profit. The properties on which we have the right to explore for gold and other minerals are not known to have any deposits of gold or other minerals which can be mined at a profit (as to which there can be no assurance). Whether a gold or other mineral deposit can be mined at a profit depends upon many factors. Some but not all of these factors include: the particular attributes of the deposit, such as size, grade and proximity to infrastructure; operating costs and capital expenditures required to start mining a deposit; the availability and cost of financing; the price of the gold or other mineral which is highly volatile and cyclical; and government regulations, including regulations relating to prices, taxes, royalties, land use, importing and exporting of minerals and environmental protection. We are also obligated to pay production royalties on certain of our mining activities, including a net smelter royalty of 2% on production from our Relief Canyon Gold assets acquired during 2011, which would increase our costs of production and make our ability to operate profitably more difficult. 4  We are an exploration stage company and have only recently commenced exploration activities on our claims. We reported a net loss for the year ended December 31, 2011 and subsequent quarters to date, and expect to incur operating losses for the foreseeable future.
So this is a company with a very high cash burn, no revenues and no proven or probable reserves as indicated by Pershing Gold on December 6, 2012.
The recent drop in the VIX to below 15 is about the 5th time at that level in the last 2 years, notes MarketTech, and the other instances have indeed coincided with market tops. The pullback in the S&P 500 on the other 4 occasions tended to last for about 2 months and range from 6-19%. [View news story]
This must be the end of the world play 21/12/2012. But who will be left to tell you that you were right. Lol
Canada is well run but has benefited from the growth in the Canadian economy. The company's past is a succession of strategic mistakes including the selling of 50% of it's stake in Fuji Xerox, and as a result, limiting it's exposure to the high growth in Asia. Way too much exposure to the anemic US economy. This company hasn't grown in 20 years. And if you're not growing, you're dying. Xerox is the next Kodak.
So you have no position and no experience and only writing an article based on theory. You just graduated in 2011. Before giving advice, you need to have skin in the game in addition to blood sweat and tears.
Kodak: Comeback Player of the Year? [View article]
That's very true. I was in a Kodak labe in 1990 and was given a demo of digital photgraphy. Basically everything which is common today. Just like Xerox, they didn't know or had the direction to market it. Kodak's story is no different than 10 years ago. The only upside is a few court decisions, they will disappear into obscurity in the coming years just like Xerox and so many American coorporations.
Pershing Gold Exiting 2012 On A High Note [View article]
6 Micro Caps To Add To Your Portfolio For 2013 [View article]
6 Micro Caps To Add To Your Portfolio For 2013 [View article]
This Gold Mining Company Is The Best Bet In Nevada [View article]
http://bit.ly/T2ZlKl
Overview
We are a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. We are currently focused on exploration at our Relief Canyon properties in Pershing County in northwestern Nevada. None of our properties contain proven and probable reserves, and all of our activities on all of our properties are exploratory in nature. To date, we have not generated any revenues from our mining operations.
For the year ended December 31, 2011, we reported a net loss of approximately ($24.6) million. We reported a net loss of approximately ($5.1) million for the quarter ended September 30, 2012 and approximately ($45.6) million for the nine months ended September 30, 2012. We expect to incur significant losses into the foreseeable future and our monthly “burn rate” for general and administrative costs (including all employee salaries, public company expenses and consultants) is approximately $500,000. Our monthly burn rate for all costs during each month of the fourth quarter 2012 is expected to be approximately $700,000 (including exploration and facilities recommissioning). We will need to obtain additional funding to fund operations and exploration beginning in January 2013.
RISKS RELATING TO OUR BUSINESS
We have no proven or probable reserves on our properties and we do not know if our properties contain any gold or other minerals that can be mined at a profit.
The properties on which we have the right to explore for gold and other minerals are not known to have any deposits of gold or other minerals which can be mined at a profit (as to which there can be no assurance). Whether a gold or other mineral deposit can be mined at a profit depends upon many factors. Some but not all of these factors include: the particular attributes of the deposit, such as size, grade and proximity to infrastructure; operating costs and capital expenditures required to start mining a deposit; the availability and cost of financing; the price of the gold or other mineral which is highly volatile and cyclical; and government regulations, including regulations relating to prices, taxes, royalties, land use, importing and exporting of minerals and environmental protection. We are also obligated to pay production royalties on certain of our mining activities, including a net smelter royalty of 2% on production from our Relief Canyon Gold assets acquired during 2011, which would increase our costs of production and make our ability to operate profitably more difficult.
4

We are an exploration stage company and have only recently commenced exploration activities on our claims. We reported a net loss for the year ended December 31, 2011 and subsequent quarters to date, and expect to incur operating losses for the foreseeable future.
So this is a company with a very high cash burn, no revenues and no proven or probable reserves as indicated by Pershing Gold on December 6, 2012.
How can you fix future target prices on such a company?
Pershing Gold Exiting 2012 On A High Note [View article]
http://bit.ly/T2ZlKl
Overview
We are a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. We are currently focused on exploration at our Relief Canyon properties in Pershing County in northwestern Nevada. None of our properties contain proven and probable reserves, and all of our activities on all of our properties are exploratory in nature. To date, we have not generated any revenues from our mining operations.
For the year ended December 31, 2011, we reported a net loss of approximately ($24.6) million. We reported a net loss of approximately ($5.1) million for the quarter ended September 30, 2012 and approximately ($45.6) million for the nine months ended September 30, 2012. We expect to incur significant losses into the foreseeable future and our monthly “burn rate” for general and administrative costs (including all employee salaries, public company expenses and consultants) is approximately $500,000. Our monthly burn rate for all costs during each month of the fourth quarter 2012 is expected to be approximately $700,000 (including exploration and facilities recommissioning). We will need to obtain additional funding to fund operations and exploration beginning in January 2013.
RISKS RELATING TO OUR BUSINESS
We have no proven or probable reserves on our properties and we do not know if our properties contain any gold or other minerals that can be mined at a profit.
The properties on which we have the right to explore for gold and other minerals are not known to have any deposits of gold or other minerals which can be mined at a profit (as to which there can be no assurance). Whether a gold or other mineral deposit can be mined at a profit depends upon many factors. Some but not all of these factors include: the particular attributes of the deposit, such as size, grade and proximity to infrastructure; operating costs and capital expenditures required to start mining a deposit; the availability and cost of financing; the price of the gold or other mineral which is highly volatile and cyclical; and government regulations, including regulations relating to prices, taxes, royalties, land use, importing and exporting of minerals and environmental protection. We are also obligated to pay production royalties on certain of our mining activities, including a net smelter royalty of 2% on production from our Relief Canyon Gold assets acquired during 2011, which would increase our costs of production and make our ability to operate profitably more difficult.
4

We are an exploration stage company and have only recently commenced exploration activities on our claims. We reported a net loss for the year ended December 31, 2011 and subsequent quarters to date, and expect to incur operating losses for the foreseeable future.
So this is a company with a very high cash burn, no revenues and no proven or probable reserves as indicated by Pershing Gold on December 6, 2012.
How can you fix a future price on such a company?
UNG: Closing Out The Fall Bear Trade [View article]
The Problems Plaguing Chesapeake Energy [View article]
Are you close to writing an update on the natural gas market. I really enjoyed your previous articles.
Red
The recent drop in the VIX to below 15 is about the 5th time at that level in the last 2 years, notes MarketTech, and the other instances have indeed coincided with market tops. The pullback in the S&P 500 on the other 4 occasions tended to last for about 2 months and range from 6-19%. [View news story]
Stocks To Play The Natural Gas Rebound [View article]
Encana Is Down, And It May Go Down Further [View article]
With most of the current edges being expired in 2013, what is the possible downside for ECA shares in 2012 and 2013?
Thank you.
Xerox Corporation: Overpriced Acquisition Increases Risk [View article]
Market Crisis Chartbook [View article]
A Play On Fear [View article]
Has the 500-Point Drop Confirmed a Great Depression 2.0? [View article]
Kodak: Comeback Player of the Year? [View article]