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johnybutts

johnybutts
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  • Primero Mining (PPP) soars 26.1% premarket as it notes Mexico has given its subsidiary there a positive tax ruling on an Advance Pricing Agreement from last October, confirming the company's approach to recording silver revenue and taxes at realized prices rather than spot. The favorable ruling covers fiscal years 2010-2014. [View news story]
    Huge news for PPP. They have the best management in the industry. Long and overweight.
    Oct 5, 2012. 09:23 AM | Likes Like |Link to Comment
  • The tentacles of creditors reach a long way as an Argentine naval vessel is seized in Ghana as  part of hedge fund Elliot Capital's attempt to collect on bonds which Buenos Aires defaulted on in 2001. "Vulture funds have crossed a new limit in their attacks on the Argentine republic," says the foreign ministry. [View news story]
    Can someone post the articles text? No subscription
    Oct 4, 2012. 03:51 PM | Likes Like |Link to Comment
  • The tentacles of creditors reach a long way as an Argentine naval vessel is seized in Ghana as  part of hedge fund Elliot Capital's attempt to collect on bonds which Buenos Aires defaulted on in 2001. "Vulture funds have crossed a new limit in their attacks on the Argentine republic," says the foreign ministry. [View news story]
    Umm, did we default? Or did I miss something?
    Oct 4, 2012. 03:29 PM | Likes Like |Link to Comment
  • Can Silver Wheaton Break $40? [View article]
    Another article with absolutely no substance that got pushed to my phone with the new SA app.

    1) Choose random stock that's run 50% in the last 3 months.
    2) Throw up obligatory 12 month chart
    3) Make up some technicals
    4) Compare to another company with a completely different business model
    5) Discuss random other companies in a similar sector
    6) Conclude: "You might want to buy now, or you might want to wait a little bit to buy. As the author of this article I have chosen not to buy and don't plan to buy"
    7) Publish

    Forget discussing the commodity underlying all these companies - gold and silver

    Forget any QEinfinity discussion - the primary reason these stocks have run.

    Forget any profit projections or silver production projects

    Forget any discussion of the mines SLW has a stream from.

    Forget dividiend discussion.

    What did I miss?
    Sep 28, 2012. 09:42 AM | 3 Likes Like |Link to Comment
  • Building a war chest for an acquisition? IAMGOLD (IAG) completes a $650M offering of 6.75% senior unsecured notes due in 2020. (PR[View news story]
    yes please!
    Sep 24, 2012. 08:26 AM | Likes Like |Link to Comment
  • The surge in gold prices has led to a golden cross, the technical indicator that's often bullish for many markets. But gold is a different story, in the short term: In gold's 12 other golden crosses since 1976, gold prices have averaged a 1% decline over the next week and 2.5% over the next month. “From a technical perspective and based on historical analysis, it’s hard plowing into gold here,” Justin Walters says. [View news story]
    How many of those other 12 times were immediately after the Federal Reserve Chairman announcing an ongoing monetisation of US Debt indefinitely into the future, in addition to pumping 40 bln/mo into the mortgage market?

    Brilliant analysis nontheless. </sarcasm>
    Sep 21, 2012. 10:50 AM | 2 Likes Like |Link to Comment
  • How To Build A GLD-Free Gold Bug Portfolio [View article]
    "Isn't that in essence what all investment articles do? I do find this article to portray a unique perspective against the frequently recommended GLD."

    Any article dismissing GLD without discussing CEF or PHYS/PSLV is a waste of time. These are the PM funds with physical and insured backing. The author made no discussion on the merits/demerits of GLD other than using the keyword "paper", then went on to discuss parallel "funds" which are also paper.

    Bottom line is that there's nothing remotely resembling to analysis in this article. You could have just gone to google.com/finance typed in GLD and looked at all the similar equities and you'd be better informed than if you read this article.
    Sep 19, 2012. 06:11 PM | 1 Like Like |Link to Comment
  • How To Build A GLD-Free Gold Bug Portfolio [View article]
    How is this possibly an editor's pick SA article?

    1) Throw dice to get a bunch of gold ETFs which have been in existence 3 years.
    2) Copy and paste ETF description from other website
    3) List historical returns
    4) Project returns 30 years in the future
    5) Disclaim everything/Disclose nothing
    6) Publish
    Sep 19, 2012. 03:36 PM | 12 Likes Like |Link to Comment
  • The Obama administration on Monday again delayed release of a report on expanding liquefied natural gas exports, likely pushing beyond the presidential election a decision on sending U.S. gas abroad. The report initially was expected in March. Natural gas exports to all but a handful of countries with Free Trade Agreements require approval from the U.S. Department of Energy. [View news story]
    Cheap gas/energy for the US gives us an economic/manufacturing advantage. Exporting it brings $s in but not jobs.
    Sep 18, 2012. 11:04 AM | 1 Like Like |Link to Comment
  • FOMC Announcement: QE3 is on to the tune of an open-ended pledge to buy $40B in MBS per month. The pledge to keep rates extraordinarily low is extended until mid-2015. [View news story]
    I know I did.
    Sep 13, 2012. 12:55 PM | 1 Like Like |Link to Comment
  • Silvercorp Metals (SVM +1.6%) reports H1 results of its ongoing underground diamond drilling program at its TLP mine in China. SVM says the program has succeeded in further defining the known mineralization zones as well as extending the major mineralized vein structures downdip and along strike. [View news story]
    I'm no expert in the field, but I would venture a guess that almost any industrial use for diamonds are industrially manufactured (cheaply).

    I would imagine that certain crystaline structures and size are more difficult/expensive to manufacture than others. Maybe these are more suited to jewelry, etc.
    Aug 27, 2012. 11:50 AM | Likes Like |Link to Comment
  • Silvercorp Metals (SVM +1.6%) reports H1 results of its ongoing underground diamond drilling program at its TLP mine in China. SVM says the program has succeeded in further defining the known mineralization zones as well as extending the major mineralized vein structures downdip and along strike. [View news story]
    Ummm... broseph.... They aren't drilling for diamonds. "SILVER"corp "METALS". Diamonds are neither silver nor metal. They are using a diamond drill bit to drill exploratory cores for silver. And of course the diamonds used for the bit are manufactured in an industrial facility like you suggest.

    Thanks for playing.
    Aug 27, 2012. 11:38 AM | 1 Like Like |Link to Comment
  • The CBO, in likely its last official forecast ahead of the November elections, says the U.S. economy will quickly go into recession if Congress fails to address the fiscal cliff of spending cuts and tax increases set to kick in next year. Even if the cliff is averted, the economy is expected to grow at only 1.7% in 2013. [View news story]
    gold/silver.
    Aug 22, 2012. 11:12 AM | Likes Like |Link to Comment
  • ATP Oil & Gas (ATPG) +11.9% premarket and looking to extend yesterday's rally after a partner reported flow tests from an Israeli natural-gas discovery announced earlier this month. After shares have slid 79% YTD, the company and its investors would be grasping for any good news.  [View news story]
    What's the short interest?
    Jul 31, 2012. 09:30 AM | Likes Like |Link to Comment
  • Apple (AAPL): FQ3 EPS of $9.32 misses by $1.04. Revenue of $35B (+22% Y/Y) misses by $2.5B. 26M iPhones sold, 17M iPads, 4M Macs. Shares -5.5% AH. (PR).  [View news story]
    I got one too. That's 8% accounted for...
    Jul 24, 2012. 04:36 PM | 1 Like Like |Link to Comment
COMMENTS STATS
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