Thoughts from Myron—Focus on Silver
by takeprofits | September 15, 2013 9:58 pm
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Source URL: https://www.stockgumshoe.com/2013/09/microblog-thoughts-from-myron-focus-on-silver/
I believe it is only fair that I report any purchases of stock os that people can see what I am doing with my own funds, even when I am no longer restricted in buying (or selling) stocks that I have mentioned in my columns. This week I have made 2 purchases so far.
While this is outside my normal coverage, based on one analysts extensive coverage this past month, of what he believes will be the #1 potential gainer in technology stocks THIS WEEK due to several catalysts taking place, I do not want to wait for 3 days AFTER my next column comes out before buying an initial position. For this reason I am giving you a “heads up” to research this stock on your own given it is a very hot sector in which CCUR has leading technology, and is considerably underpriced compared to competitors in the space. This is a basically “undiscovered stock” that could hit the limelight very quickly.
This press release plus their website should give you a good background on a stock that could easily double over the next few months.
ATLANTA–(BUSINESS WIRE)– Concurrent (CCUR), a global leader in video and media data intelligence solutions, has partnered with ZON Multimedia to launch multi-screen network digital video recording services using Concurrent’s MediaHawk VX™ unified content delivery solution.
ZON, Portugal’s leading pay TV operator and the country’s second largest Internet provider, has enhanced their IRIS™ multi-screen video service offering with advanced network-based digital video recording features. ZON’s IRIS solution offers customers a uniform, graphically rich video navigation experience on a variety of consumer electronic devices, including televisions, personal computers, iPads®, and iPhones®. Branded as Timewarp™, ZON’s video catch up service allows consumers to record any live TV program on more than 70 channels and view it up to seven days after airing. Users can record multiple channels simultaneously and playback recorded programs on-demand at their convenience.
“ZON is launching a first of a kind service in the region and we are proud to be working with Concurrent on this pioneering effort,” said, José Pascoal, head of planning, engineering and services architecture at ZON. “With Concurrent, we have expanded our IRIS services beyond traditional TV services, to provide multi-screen services, and now a seven day catch-up service, in order to better serve our customers. The success of our Timewarp product demonstrates that customers want innovative video services that offer a consistent and compelling user experience across screens.”
ZON uses Concurrent’s MediaHawk VX unified content delivery solution and intelligent video archival software to record and cost effectively store video programming in the network. Archived programming can be accessed by consumers on their own schedule and viewed on a wide variety of consumer electronics devices. In addition to enhancing the competitiveness of ZON’s market leading multi-screen video service offering, Concurrent’s MediaHawk VX solution allows ZON to reduce expenditures on expensive, maintenance intensive set-top box DVRs. Maintenance costs are lowered by positioning storage in the service provider’s facility rather than the consumer’s home, making the system easier to service and upgrade. Concurrent’s solution is modular and scalable, enabling ZON to progressively increase the recording, storage, and streaming capacity of the Timewarp service over time to satisfy growing consumer demand for the new service.
“Network DVR takes advantage of our unique unified approach to video delivery which builds upon our deep experience in on-demand, time shifted TV, and multi-screen video solutions,” said Dan Mondor, President and CEO of Concurrent. “Using our MediaHawk VX solution, ZON has successfully launched cloud based video services across multiple screens in a way that they can be more easily managed, scaled, and enhanced to consistently improve the consumer experience. We are excited to be partnering with ZON as they introduce their customers to a new way of watching television.”
I entered this ticker in a stock picking contest and now I am making an initial purchase with a target of $10. by Nov. from what is currently a low from a previous recent high approaching $9. Sometimes stock picks are very time sensitive and do not fit my regular columns publishing schedule. This is a TEST to see whether my source is accurate or not. Definitely a speculative buy.
You have just received a Trade Alert from CIBC Investor Services Inc.
Details:
Action Bought
Quantity 100
Symbol CCUR (CONCURRENT COMPUTER CORP)
Exchange NMS
Price $7.61
Thank you for using CIBC Investor Services Inc.
Hi, Myron. Thanks tons for your column — I’m learning a lot! Would you be willing to give us more info about the upcoming catalysts that might move CCUR higher? And would you be willing to provide more info about the analyst, and provide a link to the analyst’s info about CCUR?
Thanks, Myron.
Andy
Strangely I have not heard from my usual source this week at all which is a little unusual so until I can investigate further I am reluctant to disclose what was a DAILY pitch. Does not seem at close to $8.00 the type of stock employed by typical “pump and dump” players but I still advise caution if you are risk averse. A minimum 100 shares under $8.00 for those with speculative money is as far as I would go until the situation clarified itself.
Thanks for the update, Myron. I’ll sit tight and wait to hear more from you about CCUR. Thanks again.
At last nights Toronto Casey Phyle meeting I indicated that I felt that Alpha/Fission had at least temporarily “plateaued” and other large land holders in the area held greater appreciation potential to have a run similar to those enjoyed by people who got in EARLY on the Alpha / Fission trade BEFORE their initial discovery. I am simply making small bets of the syndicate of FOUR that are co-operating in doing aerial surveys (VTEM) over their collective holdings surrounding the discovery by the Alphs /Fission resource @ Patterson Lake South.
Putting my money where my mouth is I made the following purchase:
You have just received a Trade Alert from CIBC Investor Services Inc.
Details: One of four companies forming a syndicate to reduce exploration cost in holdings surrounding the Patterson Lake discovery that created all the buzz since Hathor got taken out.
Action Bought
Quantity 500
Symbol NX (***NOKA RESOURCES INC)
Exchange VSE
Price $0.27
Thank you for using CIBC Investor Services Inc.
This adds to my existing holdings of other syndicate members. Athabaska Nuclear, SKYHARBOUR Resources with the 4th member of the syndicate being Lucky Strike which I will probably defer buying until the other three I now hold, show some positive results and price movement. Other uranium stock holdings in my portfolio, Dennison, Energy Fuels who just bought out Strathmore, and QEC just beginning in-situ production, likewise URANERZ I have already held for some time and continues to move up nicely. My most likely next purchase in the uranium sector is Lakeland Resources, a ZIMTU generated company whose offshoots have done well for me and also has a major land holding @ Patterson Lake!
Thank you once again Myron for an information packed post! Just a quick question – what are your latest thoughts on Turquoise hill resources and Mongolia generally? I’m also looking into Avrupa that you recommended before. Any updates on this one too?
David: Thank you for your response, was beginning to think nobody has received or read my latest column. The problem in Mongolia seems to be “POLITICS” leading to a big drop in the currency exchange rates. It may also like Romania and their government be a matter of GREED and political grandstanding of wanting to own/control the asset even though they do not have the expertise or financing to develop the asset on their own. In short they may well be playing politics to gain favour with those opposed to the projects for various reasons, I.E. vote buying.
While I still think BOTH jurisdictions have great potential long term, I am inclined to give it some space before making a buying decision. Turquoise Hill has actually moved up a few cents in recent days so I would keep it (and YAK) on a watch list to determine an entry point based on whether the status of the currency stabilizes and the government shows signs of support for the key copper / coal / hydro projects that are the foundation of the country entering the modernization growth cycle on a solid foundation. This will of course also affect the fortunes of the Mongolia Growth Group. (Yak) so again a Watch list and “stink bids” are appropriate while our dollars still buy more Mongolian assets. Will continue to monitor the situation and up date with any new information I am able to find.
Avrupa continues to make progress and issues regular reports and at current prices remains a buy in my books.
Hi Myron,
Please don’t take the lack of response as an indication of a lack of interest! I read your article several times, gave it much thought and did some further research. I bought one of your suggestions and already own a couple of the others.
My main concern is keeping track of these small companies. It’s very easy to not notice when a story changes and suddenly find yourself 50% down.
I’m sure a great many of us appreciate the recommendations and updates, even if we don’t get round to commenting.
Thanks,
Thanks for the affirmation but I assure everyone that their feedback positive or negative is highly appreciated, it makes us a team in seeking out the best investments available.
Hello Myron,
Long time Mr. Gumshoe follower and supporter. I can appreciate why he chose you as contributing author in your chosen field of knowledge/study. I also read the article “Making the world safe for bankers” you had recommended in the above article and quite frankly I scared the “Bejesus” out of me. I think if the truth be known we all probably have a “feeling” about these kinds of ” going on’s” but to read it sure puts it into perspective. The scary part is what can we do about it before it happens instead of trying to fix the dam after the break? Well enough of my vetting(sorry).
I have never been active/involved in the market in which you follow and write about. Having read all your articles (previous and current) and reading the comments from your readers I can see there is much to learn before making the financial plunge. If it is not to basic a request could you recommend a place to start the learning process for any of us “newbies” who have become interested in this field of investment (ie. websites,how to invest,traps to look for etc.) these are just things that have popped into my head. I hope you don’t feel this is a request to be a financial babysitter but I have looked online and there a myriad of sites out there all touting their “stuff”. With your association and support on this site I have a greater degree of confidence and peace of mind knowing your recommendations will be sincere and not self-serving.
Again” Thank You” for your insight and opening up an area of finance/investment I had never even thought about.
Onward Thru the Fog
JJZ
We all have a choice John, we can stick our heads in the sand like an ostrich and “pretend” that certain problems do not exist, OR, we can choose to look at different problem situations realistically, accept them for what they are, and determine to find the best solutions in keeping with our personal perspective. Indeed some projected situations or outcomes are scary which is why some people choose to throw up their hands in capitulation. Others simply DENY that certain things could happen mainly because they have a “normalcy bias” meaning they do not believe something bad could happen only because it is not part of their previous experience. This is where “critical thinking” comes in, something that is unfortunately NOT taught in our government controlled schools, but if you are going to retain your freedom and succeed in life then you do need to think “outside the box” and reject peer pressure to be a conformist.
You ask for a source of information for “newbies” to effectively get “up to speed” on things you won’t learn from the establishment media that indeed tries to keep you in a “fog of disinformation” in a mostly failing system. To engage some of the sharpest minds in the business, (mostly billionaires and millionaires) who are self described CONTRARIANS, there is no better single source I can recommend than KING WORLD NEWS, the bottom line being simply our PONZI Scheme fractional reserve banking system. Once you have a solid foundation of understanding how the Federal Reserve System actually operates, the rest is easy and becomes a “no brainer” and if you have the time to read a book on the subject, the best single one to get you started would be The Creature from Jekyll Island, by Griffen, both sources are easily found with Google!
Aloha Myron, I truly appreciate your recommendations and updates. I believe when Jr. Miners make their come back it will be an explosive ride. It is really hard to find the details of small, quality miners and you have done a great job of letting us know your favorites and your thoughts about them. I really enjoy your updates and with all the volatility it helps keep things in perspective. Thanks alot!
LLK
It is true Leslie, information on the BEST of the junior miners is not that easily found, it is VERY time consuming and takes years of experience, numerous knowledgable mentors and most importantly, plenty of TIME, Fortunately being retired, (what a joke) I still work as many hours as I did previously. Miners making a comeback is to me not a question of IF, only WHEN, and indeed it will be a wild ride. Better to be positioned a couple months early than a day too late, when the tide turns as it inevitably will, owning the right stocks could see increases very quickly that will astound the nay sayers. I have predicted in the past that there will be days when gold as an example increases a minimum of a hundred dollars in a DAY, of course there will still be pullbacks, but when the gold mania hits, some gold and particularly silver stocks will DOUBLE in a day, I just can’t tell you the precise WHEN!
Hi Myron
First: make no mistake, people are reading and reading and reading. Presently Im sitting on a boat in UK and I’m glued. I suspect the feedback problem is that your passion for your chosen subject is so obvious and your reviews soooo comprehensive, it doesnt leave much room for argument or questioning.
Like you (and millions of others) I started trading with a scattergun approach. After 3 years of frustration, I have finally realised its far better to know a lot about one thing than a little about a lot. Till now I havent found my area of ‘interest’ for lack of a believable guide. Youve solved that for me. It certainly inspires faith when your teacher has his/her money on the table rather than just a publishers deadline to meet…..THANKS!!
Just a couple of q’s: What does Free Trading and PEA mean? Also you talk about multi-baggers, but many many blue chips are multi’s given a decade or two. Some indication of expected time till fruition would be helpful. I realise it will be different for each stock, and I dont think anyone (outside of an asylum) is going to nail you to the wall if they don’t become a millionaire by the 30th February. Perhaps it just needs ‘This is one for the bottom draw’ or ‘Day trade it up to X’
Also it would help to know what sort of level of investment seems prudent. Obviously this would have to be a simple % of portfolio as we all invest different amounts £/$.
You mention JP Morgan and the collapse of fiat. While you have sensibly advised owning some physical, I wonder about EFT’s. If the bullion market has been so manipulated, I wonder whether there will be enough physical deposits to divi out, other than its relative value in fiat currency? I saw a v interesting (but long) article about this some months ago. http://www.mauldineconomics.com/ttmygh/what-if
I think it means they have sold twice as much gold as exists…..perhaps you can translate it into English for me.
Thanks a heck of a lot for such a brilliant read and all your hard work.
I tend to forget that not all subscribers are “up to speed” on mining jargon, so will try to explain commonly used terms in the industry when I first use them and with new subscribers joining, (please recruit your friends) maybe I need to do so frequently or create a “on site” reference portfolio for such explanations.
PEA means PRE-FEASABILITY ECONOMIC ASSESSMENT! Once an explorer has a 43-101 compliant resource approaching say 1/2 M oz of gold or 50X that in silver, with by-products of X lbs of copper, zinc, lead etc. a company will start thinking about whether they have a resource that can PROFITABLY be turned into a mine. This requires detailed and specialized studies of how much of a given mineral is present, whether it can best be mined open pit or requires underground development, what grades are consistent, how much overburden must be removed and other financial details based on current and projected prices of the main mineral ore in question. These studies result in a report that establishes NPV, NET PRESENT VALUE and the cost of mining is expressed as IRR, INTERNAL RATE of RETURN, in other words how profitable the mine would be based on all development costs known as CAPEX and initial payback which on the better mines could be as little as 1 to 3 years and usually it will also express a projected mine life, on the short end under 10 years, high end 25 to 30. That initial report however only provides enough information for a company to decide whether a given resource is worth further investigation, infill drilling (between existing holes) and step-out holes to see whether the grades continue beyond the existing drilling in any given direction, or even at greater depth. This should help you in deciphering “press releases” which report on exploration progress and hopefully move the stock price up as the perceived risk is lowered as the size and grade of the resource improves.
FREE TRADING simply means you have sold sufficient stock as the price increases that you have your original investment off the table and in gambling terms, (you are now playing with “house money”) your remaining shares are in effect FREE! As I learned in 2011-12, this can be a TRAP! It is easy to be very euphoric when you have DOUBLED your money or better and think this is a GREAT STOCK and you will hold the remaining shares for further gains. WILL NOT always happen, based on market sentiment and the CYCLE of development of an individual sector there may be periods of “dead money” where you would have been better off to SELL at a TOP, and buy back in 3 weeks, 3 months, or in some extreme cases even 3 years later. Will give some examples in my next column I am working on for the end of the month.
Familiar with John Mauldin’s site and writings, but the situation is potentially much worse that what he portrays. The bullion banks have basically done with gold what they have done with fiat money! Since they can’t print gold like they can paper, the next best thing is to “issue more receipts than they have gold” so like a huge game of “musical chairs” where there is always one less chair then there are players, like in any Ponzi scheme, somebody comes up short when the music stops. In the case of gold, the best estimates I have seen from the most creditable and knowledgable insiders, it is quite possible that as many as ONE HUNDRED people may have a paper claim for every available unallocated ounce of gold that exists. There have already been situations of “non – delivery” and stiff fines for organizations that took peoples money for gold (or other precious metals) that they never bought and yet charged “storage” for the non-existent bullion and got caught when demand exceeded supply. In simple terms, if you do not have bullion, coins or bars you can “hold in your hand” or clearly have a receipt for ALLOCATED Bars with serial numbers from a reputable and financially sound dealer then the chances are when the crunch comes you will be settled in CASH, (if at all) defeating the whole purpose of exchanging your paper for REAL MONEY in the first place. THIS is SERIOUS, be very careful who you deal with in acquiring coin or bullion, might justify a whole column on the subject!
I think you meant ETF’S so just a cautionary note there. They may be okay as short term trading vehicles, but don’t be deluded into believing they have all the gold and silver they may claim and therefore owning shares means you own real gold and silver.
Bloody brilliant reply (‘scuse my French). Ok, so re physical; a Krugerrand in the hand is worth two out in the bush. (but hide it well or the hyena’s may find it!)
Moving on: lets say I fancy ‘focusing’ my attention on the mining sector. Like all sectors, mining will have its own language/jargon/nuances etc that are a per-requisite for initial research/understanding. Is there a book/thesaurus available or is this an opportunity knocking on your door? Books pay back forever.
Finally: ……., in your experience; is this generally such a volatile sector that achieving Free Money is the sensible norm ? I mean, I know free money is always good news, but sometimes switching capital from horse a to b is only a good idea if B is guaranteed to be a better horse than A into the future……….in which case perhaps you should switch 100% to B, n’est par?
Im speaking about ‘ in general’. There are never absolutes in life.
Thanks again
A
Ps I forgot. Word is that the gold/platinum ratio is wildly out of kilter making plat relatively underpriced. Watchya think. Buy gold, silver, plat or palladium?
Diversity is always good, I want to hold some of each but you are right, Platinum is very undervalued and S. African supply constraints indicate price SHOULD revert to the mean and end up priced higher than gold, but palladium may well have the highest % increase over time.
The key issue is the speculation, near term development, mine building cycle, there are times to be in, EARLY so you catch the discovery cycle and then key catalysts such as PEA’s and finally “bankable feasibility studies,” but the capital raising cycle to actually build a mine can be a rocky road for investors. Each situation is different and needs to be judged on its individual merits, but in general you are best off to take profits when you have substantial ones because even the best companies have ups and down in their stock price and you want to avoid the pullbacks on stocks you own, they rarely go up in a straight line. Will give some guidelines in future columns. Bottom line, in general junior miners are NOT buy & hold stocks.
Re Gabriel……. ‘Thousands of Romanians formed a human chain around parliament to protest against a Canadian company’s plan to open Europe’s largest gold mine in a picturesque Transylvanian village. The chain stretched seven kilometres around the parliament building in capital Bucharest Saturday,’ (Yahoo 21/9/13)
Seems Dracula may have teeth. So is that a buy sell or hold? Certainly its a total punt. Will it be, no pain….no gain …….or fools rush in? Personally I think money eventually talks, so the inevitable drop is a big buy (and, with fingers crossed, Hold. No crystal balls on GS.
Hi Myron,
Ditto on all these comments. Keep it up.
I have a question a little outside this post. I bought into Graphite One (GPH) a while back. I did not get its bottom of around .075 a month or so ago but now this stock is having a major upswing. Up 89% in a month at .15 . I have read some comments on other blogs wondering what is driving this. There were some really heavy trading spikes. I have not seen any recent teasers either. An earlier press release by them questions some new technology in the processing of graphite and commenter’s question if someone knows something big is coming. Do you follow this at all?
Thanks!
Since I already have a half dozen graphite stocks in my portfolio I have not followed this one specifically, but apparently you made a good choice if you are up 89%. Personally if I owned it I would watch it like a hawk, maybe put in a “stink bid sell” @ say .19 for 1/3 of holdings, and if it drops significantly AFTER a sale that has more than doubled your money then you could again use a “stink bid” to replace the stock you sold, or buy even more. The point is you can never go wrong taking a profit, let alone a DOUBLE or better that leaves you playing with “house money” and in this case particularly, where it is a given that not every junior who climbed on the graphite bandwagon will survive, so enjoy your profits while you can!
Thanks again Alan: the more “eyes” on a situation the better the chance that we will get some unbiased information. I made contact with a Romanian who had a relative attend the “protest” and he promised to get back to me with as much information as possible as to the “thinking” behind the protest. Nationalism is nothing new, it happens in our country too. When the Chinese come in to buy some of our abundant national resources, (mostly OIL at this point), there is a government review board that decides whether a company controlling interest takeover is in the nations best interest. Since this resource in Romania has been known back to Roman times the Romanian government has had plenty of time to develop it BEFORE the deal with Gabriel who has spent a lot of money bringing this resource to the mine development stage, and is prepared to spend a lot more to meet the highest environmental standards and be generous to any affected locals. I may be proven wrong on this one but I believe as you apparently do that this is worth a small amount of risk capital to wait out the outcome. I find it hard to believe that the Romanian government would have proceeded to the point of “draft legislation” to permit the development when they were given an additional 7.5% stake GRATIS and thousands of jobs and major returns to a cash strapped government are at stake. Will be interesting to follow, win or lose, though I have already sold 1/4 of my shares at a .26 profit and hopefully the bounce back will continue.
Having profiled DETOUR GOLD in a previous column I am providing this “heads up” for those who bought, or are even interested in the stock. You can get the very latest information direct from Mgmt. at 4>0-clock to-day by tuning in to a presentation at the Denver show.
Detour Gold President and CEO Gerald Panneton will be making the Detour Gold company presentation via webcast at 4:05PM EST (2:05PM MST) this afternoon, from the Denver Gold Forum in Denver, Colorado. Join in for the latest Detour Lake mine investor updates by accessing the webcast: http://www.denvergoldforum.org/dgf13/company-webcast/DGC:CN
GBU……. 7 km protest round Rumanian Parliment leads to??……. price rise of 6.5% today !!!
I dont get that in the bank in a year. This is soooo much fun with pocket money (make sure it is)
Keeping everybody in the loop. Any subscribers in the greater Vancouver area are hereby notified that they have an unprecedented opportunity to hear the North American Nickel story first hand and actually meet the management and share some food and drink.
Details: “Dear North American Nickel and VMS Followers,
Part of every Public Company’s responsibility to its shareholders is to be relentless in getting your story to the investing public. In the sort of risk averse markets we have all seen for four of the last five years, it can be a challenge to keep pushing, as so often, it seems “no one is listening”.
We are very pleased to see that our 100% owned Maniitsoq Nickel-Copper-Cobalt PGM project in SW Greenland story has now caught the public’s interest. Liquidity is very important to all investors and NAN’s volumes are very encouraging and allow all investors the freedom to trade the stock; buy and sell. Below is this morning’s report on NAN’s where we are featured as “the Daily Momentum Gainer to Watch on Smallcappower.com”
I would like our shareholders to know that we are now planning two marketing “road shows” too expand the audience for both the NAN and VMS stories.
We will be in Vancouver next week from Wednesday, September 25 through Friday, September 27 and we will be in Toronto from Wednesday October 2 through Friday, October 4.
Chief Geologist John Pattison, who’s 20 years with Falconbridge has been invaluable to our nickel sulphide exploration and discovery work at Maniitsoq will be with me in both cities. Neil Richardson, COO, will be with us in Vancouver and he will discuss VMS’ Reed Copper project, Manitoba’s next copper mine.
We will host an aftermarket presentation and wine and cheese gathering in both locations, so our shareholders and those not attending our various broker/banker meetings can also hear the stories and interact with our team. Vancouver is set; the Toronto date/place will be confirmed next week.
NAN/VMS Personation in Vancouver: Thursday, September 27 at 1:30 pm at the Terminal City Club at 837 West Hastings Street.
Finally, it is good to see the market begin to recognize the VMS Ventures’ 27.5% ownership of NAN has value, too. Volumes are still light, but the stock is “inching” higher.
Best regards,
Rick Mark
CEO
North American Nickel and VMS Ventures
Hi Myron,
so glad I own both of the companies, NAN and VMS, after you introduced them to us. Esp. North American Nickel made incredible gains and I have no doubt that this is just the beginning. Bought NAN at 0.18 and then at 0.25 again. Also got into VMS at about 0.2.
Thanks Myron for bringing those companies to our attention. Would never have found them nor looked at them without you sharing your research with the faithful Gumshoe crew.
You are both welcome Herbert, and correct, this is just the beginning and there is much more to come as more people become familiar with these stocks. Of course tooting my own horn just a little bit, finding good management teams with excellent resources at an early stage is what I do for my own personal investments, so I am just SHARING what I find.
Hey Myron, thanks again for covering the gamut of future potential 10 baggers… I’ve heard and seen a lot of great talk about TAHO on the walls of The Motley Fool and Seeking Alpha. I happen to own a couple thousand shares of TKRFF (Tinka) bought back at around $.77, due to the fact that it was geologically so close to, and it latched on to much ofPeru’s largest Corporattion (or it was before the wrecking ball for gold and silver came through in April.) The company I’m speaking of is Mina de Buenaventura (NYSE:BVN). It’s technically a Primary Gold Miner, but it has some of the highest grade Ore left on the planet w/respect to BOTH AU and AG! It also has Considerably MORE silver than gold,, their mines are reportedly teeming with silver, which I’m very enthusiastic about b/c I well aware that within ten years, that obscene GSR ratio will be close to 1:1 by virtue of industrial demand only! I’m also certain that the future Super-Mine you made me privy to on your last report from late August-Continental Gold, which is in neighboring Columbia, has commensurate Ore quality. Anyway, what is your take on BVN. It’s trading for just $11.60 today, and just 8 LONG months ago, it was trading in the low $40’s, which comprises a huge discount. BVN mines it’s GOLD for just $714/oz, according to the site http://miningstockvaluator.com, but its got a behemoth of Superb Ore grade Silver that I can’t find the ALL IN CASH COSTS for, because it’s listed as a Gold Miner… Thanks a ton and I really appreciate your insight, every time you have something to say… Gratefully SJL
As you may have surmised Stephen, I was really not looking at $40. gold stocks in my research but I am aware that there are a few majors in S. America and Mexico that most N. American retail investors are unaware of and like our own home based majors have been devastated by negative market sentiment. Since you have already done your own research I am not sure that there is much that I could add. Beyond the fact that you say it actually has more silver than gold I view as a POSITIVE! On a price drop from $40. to $11.60 it is hard to see how one could go wrong if they have the capital to sustain themselves until the market trend changes, will try to have at least a cursory look at it when I have my next column put to bed.
In the meantime here is a press release to day that gives further information on one of my previous silver picks that has loads of room to move higher. http://www.gowebcasting.com/4711
Thanks Myron…. You’re help is always appreciated!
Hi, Myron. Thanks tons for your column — I’m learning a lot! Would you be willing to give us more info about the upcoming catalysts that might move CCUR higher? And would you be willing to provide more info about the analyst, and provide a link to the analyst’s info about CCUR?
Thanks, Myron.
Andy
Question- I picked up LVNVF as recommended and it has gone down considerably since. Any news that would change your opinion of them or does it mean it’s time to double-down? Super thanks, Don
Interesting you should pose that question today, maybe this will give you my answer
You have just received a Trade Alert from CIBC Investor Services Inc.
Details: Silver company with huge treasury and silver reserves that will blossom when the precious metals market breaks out.
Action Bought
Quantity 700
Symbol LVN (***LEVON RESOURCES LTD)
Exchange TSE
Price $0.275
Thank you for using CIBC Investor Services Inc.
Trade Alerts are provided for informational purposes and are not a substitute for a trade confirmation, which you will also receive.
Personally if I had the capital I would double down, but again I stress several things:
1) You should always buy on the home market (if possible) and if you can’t, maybe you need a new and more accommodating broker.
2) Always use stink bids and limit orders so you don’t pay too much, but stocks at this level can be quite volatile and have wild swings based on day to day market sentiment.
3) My rule is I give a stock at least 6 months to prove itself and as long as the fundamentals remain sound I ADD on dips as I have available capital.
4) With a new column coming out today I should also remind everyone that from time of writing to publication may be anywhere from a week to a minimum of two days, so while I am very confident of my analysis and research that a company is as solid an investment or intelligent speculation as the market offers, that does not mean you should rush out and necessarily buy the stock at whatever the market is asking. Re-read #2 and consider splitting your purchase in 2 or even 3 tranches depending on how much you are buying.
This gives you the best chance of getting the lowest price possible.
5) Finally don’t sweat it, once you have made a decision, based on your confidence in the company, its management and financial soundness, don’t second guess yourself based on “market noise” that swings the pendulum wildly on a day to day basis.