Seeking Alpha

jrs1000

jrs1000
Send Message
View as an RSS Feed
View jrs1000's Comments BY TICKER:
Latest comments  |  Highest rated
  • Update: Timmins Gold Refinances Its $13 Million Credit Facility [View article]
    Homunculus,

    Yes indeed, the bonuses they pay out every time they roll over the Sprott loans just adds to the insanity of these unnecessary loans.

    What are some of the "better opportunities" out there????
    Feb 6, 2015. 01:56 AM | Likes Like |Link to Comment
  • Update: Timmins Gold Refinances Its $13 Million Credit Facility [View article]
    Paying 9% interest on a loan when they have money in the bank collecting near zero interest is insane!!!!!!

    Taking out a loan, or extending a high cost loan, should only be done when the money is needed, which for Timmins is not now.

    Management has said they were going to pay this Sprott loan off many times in the past, but they have lied to us as they still haven't paid it back. So they lose millions in interest on this stupid load, and they lose credibility with their continuing lies.

    I like and own Timmins shares, but management stinks.
    Feb 5, 2015. 09:25 AM | Likes Like |Link to Comment
  • What Is Goldcorp Really Up To? [View article]
    Chris,

    Don't forget about the 2 million ounces of open pitable gold at Borden. And who knows how many more millions of ounces will be discovered both open pitable and underground.

    This Borden project may turn into a completely stand alone site or even a district if Goldcorp can find enough ounces there.
    Jan 20, 2015. 11:30 AM | 2 Likes Like |Link to Comment
  • Update: Q3 2014 Earnings - Keeping Track Of The Stream Agreements [View article]
    Aurizona is not a high cost mine. Costs were up some in the June quarter due to a temporarily very high strip ratio in the pit. And if they find more soft ore, which is quite likely, then they could go many years without a new mill for processing the harder ores.

    It looks to me like Luna is making things look a lot worse than they really are in order to get a better re-negotiated deal from Sandstorm on the stream.

    If I were Sandstorm, I'd leave the stream as is for awhile longer as gold should move up sharply in 2015 and 2016. However, if Sandstorm gets enough shares of Luna for dropping the stream, then the equity in Luna may turn out to be much better than the stream.
    Nov 14, 2014. 10:16 PM | Likes Like |Link to Comment
  • Cimarex Energy: 5 Different Insiders Have Sold Shares During The Last 30 Days [View article]
    Markus,

    There's always options and restricted stock out there that can at least eventually be converted to shares. If an insider owns these restricted shares and or options, then those holdings allow him to take some profits on his share holdings. It pays to diversify so they'd be fools not to ring the register every now and then, especially when share prices have moved up as much as they have.

    I expect Cimarex to be around $500 or higher within five years myself. I own 2000 shares and will guaranteed not be taking any profits on them myself, even though I bought my first 1000 shares many years ago at $43 a share.
    Jun 26, 2014. 01:25 PM | 1 Like Like |Link to Comment
  • Cimarex Energy: 5 Different Insiders Have Sold Shares During The Last 30 Days [View article]
    Cimarex and smaller Diamondback are the two best Permian driller values out there right now.

    Insiders selling a few shares means nuttin since they also have plenty of stock options.
    Jun 26, 2014. 08:26 AM | 1 Like Like |Link to Comment
  • Sandstorm Gold: Reaching Critical Mass [View article]
    Sean,

    Good report on my still favorite gold investment.

    Now that they have some good cash flowing, they also may decide to take out a bank loan to fund some future streaming deals. Nolan hinted at that possibility at their first quarterly earnings press conference.

    A loan would provide them with more rapid growth without further dilution.
    Dec 5, 2011. 08:51 AM | 2 Likes Like |Link to Comment
  • Ron Paul, Master Investor [View article]
    McTague tried to do a hatchet job on Ron Paul in his extremely dumb article.

    McTague is the nightmare. He is a classic presstitute!!!!!!!!!!!

    Go Ron Paul go...
    Aug 31, 2011. 11:03 AM | 6 Likes Like |Link to Comment
  • Stay Away From The SLV ETF [View article]
    I wouldn't trust GLD or SLV as they're both run by the banksters who are totally untrustworthy as we all should know by now.

    If you want to invest in pure silver, I would suggest PSLV which is the Sprott Silver Fund. They have and hold the silver in Canada, and the Sprott outfit can be trusted unlike the banksters.

    For pure gold investors, try the PHYS Sprott gold fund.
    Aug 23, 2011. 09:50 AM | 12 Likes Like |Link to Comment
  • Sandstorm Metals and Energy: The Apple Doesn't Fall Far from the Tree [View instapost]
    Sean,

    Good article on my second favorite company (Sandstorm Gold is my favorite).

    Their met coal streams seem to be the most valuable right now, followed by their recently acquired copper stream.
    Aug 10, 2011. 09:45 PM | 1 Like Like |Link to Comment
  • Gold Is Overbought: Time to Start Taking Profits [View article]
    Gold won't hit any serious resistance until it hits $2,000 an ounce. And the next stop after blowing through that mark will be $2,500.

    The prices of the miners have a lot of making up to do still relative to the gold price and their future earnings so I wouldn't be a seller of the shares at anywhere near their current prices. Most gold shares will probably double in the next 6 months...
    Aug 10, 2011. 12:04 PM | 2 Likes Like |Link to Comment
  • Sandstorm: It Just Keeps Getting Better [View article]
    Thanks for the valuation Hyper.

    I did a quick analysis myself awhile back and came up with $2.50 for SG so we're pretty close.
    Jul 22, 2011. 03:23 PM | 1 Like Like |Link to Comment
  • Sandstorm: It Just Keeps Getting Better [View article]
    Hyper,

    Great article on my two favorite stocks.

    What is your current valuation for Sandstorm Gold???
    Jul 22, 2011. 11:48 AM | 1 Like Like |Link to Comment
  • Hess: An Oil Company With Major Upside [View article]
    Hess has a lousy refining business as they almost almost report refining losses, even when crack spreads are high, and other refiners are making refining fortunes. So who knows if they spun off their refining business if it would even be able to survive out there against the more competent refiners. It won't happen.

    Their E&P business is good though, especially their huge entry into the US shale formations.

    Due to their E&P business, I think they're undervalued here. I own 3000 shares of Hess myself.
    Jul 21, 2011. 11:13 AM | Likes Like |Link to Comment
  • Sandstorm Gold: A Golden Opportunity [View article]
    wildbillcody,

    Couldn't agree with this Fairtax idea more as I've been for eliminating all taxes and replacing them with a simple sales tax myself for many years now.

    But they also need to slash government spending a lot, especially all the military spending and unending/undeclared wars that our government loves to drag us into.
    Jul 19, 2011. 09:23 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
20 Comments
37 Likes