Seeking Alpha

Redfoxx

Redfoxx
Send Message
View as an RSS Feed
View Redfoxx's Comments BY TICKER:
Latest  |  Highest rated
  • Are The VXX And XIV Just Providing Leveraged Market Exposure? [View article]
    That will work most of the time but in the event of a black swan event, you may get wiped out.
    Jan 8 10:26 AM | 1 Like Like |Link to Comment
  • Where Is This Biotech Investor Placing His Gold Bet? [View article]
    Correction: PGLC isn't a low cost producer.


    THEY DON'T PRODUCE ANYTHING CURRENTLY.
    Aug 27 12:11 PM | 1 Like Like |Link to Comment
  • Pershing Gold - Developing A Low Cost Domestic Producer [View article]
    Pershing isn't a low cost producer, it doesn't produce anything and as per Pershing's own SEC filings, it has no proven reserves.
    Jul 15 04:40 PM | 4 Likes Like |Link to Comment
  • Pershing Gold's Low-Cost, Low-Risk Project In Mining Friendly Nevada Is A Winner [View article]
    Why has Frost been selling for the last 6 months and again recently as per SEC filings?
    Jul 2 10:11 AM | Likes Like |Link to Comment
  • Pershing Gold Exiting 2012 On A High Note [View article]
    Yes and all of them are purely fictional. Are you paid too or just a cheerleader?
    Jan 3 12:55 PM | Likes Like |Link to Comment
  • 6 Micro Caps To Add To Your Portfolio For 2013 [View article]
    And Pershing has been issuing shared during this promo period.
    Dec 29 03:47 PM | Likes Like |Link to Comment
  • 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?
    Dec 29 03:46 PM | Likes Like |Link to Comment
  • 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?
    Dec 17 03:46 PM | Likes Like |Link to Comment
  • 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.

    How can you fix a future price on such a company?
    Dec 17 03:38 PM | Likes Like |Link to Comment
  • UNG: Closing Out The Fall Bear Trade [View article]
    How's that working for you?
    Dec 17 01:45 PM | Likes Like |Link to Comment
  • The Problems Plaguing Chesapeake Energy [View article]
    Hi Papa,
    Are you close to writing an update on the natural gas market. I really enjoyed your previous articles.

    Red
    Nov 8 03:32 PM | Likes Like |Link to Comment
  • 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
    Aug 16 09:54 AM | Likes Like |Link to Comment
  • Stocks To Play The Natural Gas Rebound [View article]
    This move is over for now. Market will trade between 2.2 and $2.4 in the medium and short-term. Long-term outlook on NG is very positive.
    May 16 12:26 PM | Likes Like |Link to Comment
  • Encana Is Down, And It May Go Down Further [View article]
    David White,
    With most of the current edges being expired in 2013, what is the possible downside for ECA shares in 2012 and 2013?

    Thank you.
    Apr 24 01:17 PM | Likes Like |Link to Comment
  • Xerox Corporation: Overpriced Acquisition Increases Risk [View article]
    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.
    Jan 5 01:20 PM | Likes Like |Link to Comment
COMMENTS STATS
26 Comments
12 Likes