Check out this tiny Silver Miner

[Arklatex]

check out these other two mines I recommended here on Nov 17

http://www.ronpaulforums.com/showthread.php?p=2988451#post2988451

Both are up over 25% since that day!

 

[kill the banks]

i like slx rvm for silver ; for gold gbg ogc all on tsx canada

 

[Jordan]

Doesn't have anything to do with you, nor your prediction, or your ability to pick winning stocks.

I wanted to make clear that this company isn't just a simple "goes up with silver" kind of firm. There are any number of important elements. Daily production at the new mine could come in at half, but silver could be a $48, effectively negating the lost production. Or the new mine might never materialize at all, and silver stays at the same price and the company stays flat.

I mean, it was just one week ago that this company decided it was going to sell 1 share plus 1/2 warrant for $.31 cash when it was selling on the exchange for almost $.50 for just 1 share of common stock. You have to admit, this is one crazy ass company. To be fair, "crazy ass" probably isn't out of line with most highly-leveraged penny plays.

 

[Arklatex]

It is very rare to find a producing precious metal mine under 100 m market cap. I literally own every single one I can come across. This company is already bringing in more in revenue than some 1 Billion market cap operations.

 

[Arklatex]

Commodities companies are some of the most complex business operations in the world

I'm of the complete opposite orientation!

 

[Cowlesy]

It is very rare to find a producing precious metal mine under 100 m market cap. I literally own every single one I can come across. This company is already bringing in more in revenue than some 1 Billion market cap operations.

Did you find it on Kitco? Because I've seen they've been running a banner on kitco.com for a while pushing their stock.

I'm always wary when a company advertises using ad-banners to sell equity. Will check it out though, in this silver market, pretty much every silver stock is going to kill it.

 

[Arklatex]

I'm always wary of companies that advertise.. even though Silver Wheaton advertises on Kitco too.

Who knows this company may never get that shafter mine into production, but hopefully I would have sold way before then at 100% profit!

 

[Jordan]

If businesses were evaluated by revenues I'd sell $1 bills for $.99, making me the biggest success story in history...until I ran out of money.

 

[Arklatex]

Silver Wheaton isn't taking all aurcana's profits :

-- 72% increase in production to 125,050 tonnes in Q3, 2010 from 72,716

tonnes in Q3, 2009;

-- 43% increase in net revenues to $7,476,157 in Q3, 2010 from $5,228,565

in Q3, 2009;

-- 47% increase in ounces of silver sold to 238,722 in Q3, 2010 from

162,086 in Q3, 2009;

-- 72% increase in earnings from mining operations to $3,007,888 in Q3,

YouTube - Red Hot Chili Peppers - Give it away w/lyrics on description

 

[Chester Copperpot]

IF I owned this stock I would dump it

 

[Arklatex]

IF I owned this stock I would dump it

For which other mine? Or FRNS

 

[Jordan]

Well, Aurcana had fallen behind on SLW silver delivery, which actually may have helped it.

As of Q3, SLW basically said give us $25M plus all the cash you owe us by December 31 and we'll forget about the agreement. That amount was 138,000 ounces on Sept30, $4M at today's market price. So, they needed $29M plus this quarter.

The short window of opportunity explains why it was diluting stock for $.31 per share (minus 7% fee, plus 1/2 warrant at $.41) when it was trading for $.48 on the open market. But the final agreement, according to the recent income statement, wasn't done by Sept 30. Those details may have, or may not have, significantly changed.

 

[Jordan]

Taking out the SLW loss of $1M, gain of $1M in foreign exchange, the company should make $1.5M/quarter at Q3 average prices for all commodities.

If commodities stay at current prices, you're looking at $14M a year in profit. It will be interesting to see if they pay off SLW this quarter!

 

[devil21]

Eh, my online broker won't let me buy it anyway...says they don't support "Foreign Ordinaries" trading. Oh well....more physical please.

 

[Mike4Freedom]

Remember Mike4Freedom 100% of the profit up to $2300 is contract to Ron Paul for President since I gave you the pick free.

Definately!

 

[libertybrewcity]

pump and dump on ron paul forums??!!

 

[Bruno]

It was up over 28% today!

http://finance.yahoo.com/q?s=AUN.V&ql=0

 

[Mike4Freedom]

For which other mine? Or FRNS

Haha, it was up 32% today!

Oops, I was trying to quote the guy that said he would dump it.

 

[Lord Xar]

Came across this thread. I think he picked properly. yes?

http://finance.yahoo.com/echarts?s=...n;ohlcvalues=0;logscale=off;source=undefined;

 

[puppetmaster]

Came across this thread. I think he picked properly. yes?

http://finance.yahoo.com/echarts?s=...n;ohlcvalues=0;logscale=off;source=undefined;

guess I would have to compare to others in sector to see if returns were extraordinarily different.