OC15: if they keep losing 800 ouces a day, its over soon. Also, they may keep it afloat by steetling SLV paper certificates. Either way, 28 mill ounces is nothing...tick tock....tick tock....
Tinka is getting destroyed! I am sure all those money raising investors who paid $0.5 per share ( when it was at $0.6 ) thought they were getting a great deal, are not exactly happy now!
Its a long term hold! Thats the kind of play that you sit back and wait, its not quick money. I have 10000 shares, I'm dont even look at. Come December if all have crashed I plan on doing pretty well!
I'm kicking myself for not selling Tinka on the latest drilling news. I'm really getting schooled in the manipulation of penny stock prices. My average is .54 so I'm a little nervous but not going anywhere yet. I bought in March so I've already seen the low .40s. I'm just hoping there is speculative money around to pile back in when the drill results come out.
I have 10,000 in Tinka, unfortunately I have lost 25%. Its my first play penny stock. And it looks like I got well and truly schooled and bought way to high. Ah well, you live and learn. Lets hope it does not go to 0! Once bitten, twice shy! The only money I have ever made on the market was forced in April paying my taxes after Silver had gone up alot, hilarious! The government forced me to sell high and how thankful I am!
When Tinka is trading for $3.00/share early next year, you will be saying, "I wish I bought more when it was at $.60/share!" I say the same thing to myself now with UXG when it was under a buck in 2008 - 2009.
I don't know how ugly it will get with Tinka. It seems a lot of people are bailing on the election results. I'm just the guy getting fleeced so take my opinion with a grain of salt.
One hope I have for the share price (if you consider manipulation) is the newly created .75 warrants. Eventually Tinka is going to want that money. So, being cynical I think the share price is going to get there before they expire. The other good news of course is that the drilling program is now 100% funded and permitted so there should be no significant delay. The question is how bad the mining environment is going to be. Even with good drill results, if the mood has turned on mining in Peru, maybe the share price won't move much. Right now there is panic. Time will tell if I should have panicked now with everyone else. But I'm just gonna say screw it and wait it out. This was very speculative to begin with. I'm not smart enough to daytrade the ups and downs so I'll just buy and hold.
@Garry - welcome to the "I listened to someone else, bot high, and lost my shirt club" :-D I sold a couple of days ago - I adhere to the "never lose more than 10% adage."
I am watching this and WS.V very closely. I will be all over this when a I see an uptrend begin. cheers
@Gary - It gets more painful the longer you delay. I was in Natural Gas when it crapped. Everyone kept saying "it'll go back up."
"Sure, it'll go back up! But when? And... how high?!"
Everyone lost their collective shirts and learned a hard lesson.
This is what usually helps me decide when the days darken, sell the F'in shares! You can always buy back lower (or, sometimes we buy back higher :-) big deal). You will sleep better. cheers
David Skarica and another analyst I heard on CNBS think the reaction about Peru is way overdone. This guy is in a good economy and he has to keep it this way, so he will be moving toward the center to keep business happy. The analyst on CNBS actually said Wed. or Thurs. were probably going to be a great buying op in in EPU, which is heavily into a few big miners.
I'm more worried about things like AUY and GG....they look like they're going to be ready for a bounce after the clobbering they're taking today, even as the SPX is pretty flat. Not sure if I should nibble or just wait until August-September to add to these positions...
Stockfetcher.com has the ability to enter anytime of search string that you can think of and spit out all the stocks on the market that match. I have used this quite effectively in the past, and you have the ability to back test your algorithm against past results. I found a string that hit in the money 85% of the time.
Don't think anyone will read this, as it seems,noone revists these post (much), so I may be wasting my time. I read a book years back that a chart or commodity move in similar sections. So, using this method (not going to get into it here, cause I believe I am pissing in the wind), it would have July Silver futures going down to between $22.94 to $22.41 As much as I hate the thought, I just wanted to bring it up because there has to be something more than: BTFD
Luckily I made Tinka a tiny part of my portfolio. I kn ew it would go up and down, but 33% straight down in a week really scares me away from any more penny stock speculative stuff ever again!
This is not my full time job so I should expect to suck at it!
@ledbedder - read and appreciate your post. No offence intended... Although I am also of the mind that Silver (and gold) will temporarily crap soon it IS speculation, at best. Economy is F'in complex at the best of times and, I would venture to say, there has never been a time like NOW!
Using all the freekin' algorithms available will give us, at best, a clue (and I don't need formulas for that).
A drop in PM will be temporary - they will float back to find their own value, which changes little over time.
Sell to the sleeping level at all times. if you read SGS, TFV and IKN's blogs and did a wee bit of additional reading -- you wouldnt be reaching for maalox when you sneezed. did not blythe say SACK UP? ---------------------------------- Hinterland Spin-Out Arrangement With Stakeholder Gold Corp. Approved by Shareholders
VAL D'OR, QUEBEC--(June 8, 2011) - Hinterland Metals Inc. (TSX VENTURE:HMI) ("Hinterland" or the "Company") is pleased to announce that the special resolution relating to the Arrangement agreement (the "Arrangement") with Stakeholder Gold Corp. ("Stakeholder"), a wholly-owned subsidiary of Hinterland, was approved at the Annual and Special Meeting of shareholders held in Montreal on June 7, 2011. Pursuant to the Arrangement, certain Yukon gold assets of Hinterland will be transferred to Stakeholder in consideration for the issuance of common shares of Stakeholder equal to 25% of the issued and outstanding common shares of Hinterland immediately prior to the closing of the transaction, for a total of approximately 20.7 million shares. As previously announced by Hinterland (see press release dated February 1, 2011 ), Hinterland will distribute 92.5% of the shares received from Stakeholder to its shareholders and keep 7.5% (for more information on the terms and conditions of Arrangement, see Hinterland's press release dated April 4, 2011 and the Plan of Arrangement attached to the Arrangement Agreement which has been filed at www.sedar.com).
The closing of the Arrangement is subject to number of remaining conditions, including (i) final approval of the Arrangement by the Superior Court of Québec (ii) final approval by the TSX Venture Exchange for listing of the shares of Stakeholder and the new common shares of Hinterland, (iv) the successful completion by Stakeholder of a private placement for minimum gross proceeds of $825,000, (v) the execution of a definitive agreement between Hinterland and Stakeholder for the transfer of the Yukon gold assets and (vi) other conditions customary to this type of transaction.
Other business transacted at the Annual and Special Meeting included: the re-election of Mark Fekete, Gregory Fekete, Vaughn MacLellan, Peter Thiersch and Fred Kiernicki and the election of Zachery Dingsdale as directors of the Company; the appointment of Raymond Chabot Grant Thornton as Auditors of the Company; and the approval of the Company's rolling stock option plan. Immediately following the meeting, Mark Fekete, Ingrid Martin and Gregory Fekete were re-appointed as the President and CEO, CFO, and Secretary respectively.
The Board of Directors welcomes Zachery Dingsdale as a new director. As Founder and Director of Tangent Management Corp., a financial management firm that provides financial consulting and management services to publicly listed companies, Mr. Dingsdale brings to the Company over 16 years experience in the equity markets. Mr. Dingsdale is currently President and CEO of Taku Gold Corp. (TSX VENTURE:TAK) and also sits as a director on the boards of Otish Energy Inc. (TSX VENTURE:OEI) and Tajiri Resources Corp. (TSX VENTURE:TAJ).
Liquidity is coming out of the Tier 1/2 juniors first, then the TSX will get hit...its has started...I expect a bounce somewhere...re-read my warnings. No stock is safe...more later
I will be taking a PUT position in Morgan Stanley on any rally to the MA in the next few trading sessions, that looks....like....death
ReplyDeleteSGS: So you think in the next 30 days that Comex will go from defacto default to full blown realized default? Is that what the countdown is all about?
ReplyDeleteOC15: if they keep losing 800 ouces a day, its over soon. Also, they may keep it afloat by steetling SLV paper certificates. Either way, 28 mill ounces is nothing...tick tock....tick tock....
ReplyDeleteTinka is getting destroyed! I am sure all those money raising investors who paid $0.5 per share ( when it was at $0.6 ) thought they were getting a great deal, are not exactly happy now!
ReplyDeleteGarry,
ReplyDeleteIts a long term hold! Thats the kind of play that you sit back and wait, its not quick money. I have 10000 shares, I'm dont even look at. Come December if all have crashed I plan on doing pretty well!
if anything is sitting on its 50 day MA let me know
ReplyDeletegary - ive got my stink bids in.
ReplyDeletedell, intc ?
ReplyDeleteI'm kicking myself for not selling Tinka on the latest drilling news. I'm really getting schooled in the manipulation of penny stock prices. My average is .54 so I'm a little nervous but not going anywhere yet. I bought in March so I've already seen the low .40s. I'm just hoping there is speculative money around to pile back in when the drill results come out.
ReplyDeleteMGM is sitting right at its 200dma
ReplyDeleteCMG is weak
ReplyDeleteI have 10,000 in Tinka, unfortunately I have lost 25%. Its my first play penny stock. And it looks like I got well and truly schooled and bought way to high. Ah well, you live and learn. Lets hope it does not go to 0! Once bitten, twice shy! The only money I have ever made on the market was forced in April paying my taxes after Silver had gone up alot, hilarious! The government forced me to sell high and how thankful I am!
ReplyDelete@Garry
ReplyDeleteWhen Tinka is trading for $3.00/share early next year, you will be saying, "I wish I bought more when it was at $.60/share!" I say the same thing to myself now with UXG when it was under a buck in 2008 - 2009.
Where is We the sheeple????
ReplyDeleteHow those lnkd puts you sold treating you? There was a reason why they were so expensive. Cause every jabroni on earth knew it was going lower.
U guys gotta clear something up for me... how does a market dump and investors bailing equate to gold going down? Or did I misunderstand.
ReplyDeleteMy 'advisor' (cute Iranian fiancé) says that people will dive into PM.
What say ye?
I don't know how ugly it will get with Tinka. It seems a lot of people are bailing on the election results. I'm just the guy getting fleeced so take my opinion with a grain of salt.
ReplyDeleteOne hope I have for the share price (if you consider manipulation) is the newly created .75 warrants. Eventually Tinka is going to want that money. So, being cynical I think the share price is going to get there before they expire. The other good news of course is that the drilling program is now 100% funded and permitted so there should be no significant delay. The question is how bad the mining environment is going to be. Even with good drill results, if the mood has turned on mining in Peru, maybe the share price won't move much. Right now there is panic. Time will tell if I should have panicked now with everyone else. But I'm just gonna say screw it and wait it out. This was very speculative to begin with. I'm not smart enough to daytrade the ups and downs so I'll just buy and hold.
@Garry - welcome to the "I listened to someone else, bot high, and lost my shirt club" :-D I sold a couple of days ago - I adhere to the "never lose more than 10% adage."
ReplyDeleteI am watching this and WS.V very closely. I will be all over this when a I see an uptrend begin. cheers
@Gary - It gets more painful the longer you delay. I was in Natural Gas when it crapped. Everyone kept saying "it'll go back up."
ReplyDelete"Sure, it'll go back up! But when? And... how high?!"
Everyone lost their collective shirts and learned a hard lesson.
This is what usually helps me decide when the days darken, sell the F'in shares! You can always buy back lower (or, sometimes we buy back higher :-) big deal). You will sleep better. cheers
I'm in Tinka at .44, so we'll just see.
ReplyDeleteDavid Skarica and another analyst I heard on CNBS think the reaction about Peru is way overdone.
This guy is in a good economy and he has to keep it this way, so he will be moving toward the center to keep business happy. The analyst on CNBS actually said Wed. or Thurs. were probably going to be a great buying op in in EPU, which is heavily into a few big miners.
I'm more worried about things like AUY and GG....they look like they're going to be ready for a bounce after the clobbering they're taking today, even as the SPX is pretty flat. Not sure if I should nibble or just wait until August-September to add to these positions...
PS...EPU has actually spiked almost a buck, so some people must be figuring this is the time to get in.
ReplyDeleteTINKA...well, it's on it's own today!
Stockfetcher.com has the ability to enter anytime of search string that you can think of and spit out all the stocks on the market that match. I have used this quite effectively in the past, and you have the ability to back test your algorithm against past results. I found a string that hit in the money 85% of the time.
ReplyDeleteDon't think anyone will read this, as it seems,noone revists these post (much), so I may be wasting my time. I read a book years back that a chart or commodity move in similar sections. So, using this method (not going to get into it here, cause I believe I am pissing in the wind), it would have July Silver futures going down to between $22.94 to $22.41 As much as I hate the thought, I just wanted to bring it up because there has to be something more than: BTFD
ReplyDeleteLuckily I made Tinka a tiny part of my portfolio. I kn ew it would go up and down, but 33% straight down in a week really scares me away from any more penny stock speculative stuff ever again!
ReplyDeleteThis is not my full time job so I should expect to suck at it!
@ledbedder - read and appreciate your post. No offence intended... Although I am also of the mind that Silver (and gold) will temporarily crap soon it IS speculation, at best. Economy is F'in complex at the best of times and, I would venture to say, there has never been a time like NOW!
ReplyDeleteUsing all the freekin' algorithms available will give us, at best, a clue (and I don't need formulas for that).
A drop in PM will be temporary - they will float back to find their own value, which changes little over time.
@dasPro: no offense taken
ReplyDeleteSell to the sleeping level at all times. if you read SGS, TFV and IKN's blogs and did a wee bit of additional reading -- you wouldnt be reaching for maalox when you sneezed. did not blythe say SACK UP?
ReplyDelete----------------------------------
Hinterland Spin-Out Arrangement With Stakeholder Gold Corp. Approved by Shareholders
VAL D'OR, QUEBEC--(June 8, 2011) - Hinterland Metals Inc. (TSX VENTURE:HMI) ("Hinterland" or the "Company") is pleased to announce that the special resolution relating to the Arrangement agreement (the "Arrangement") with Stakeholder Gold Corp. ("Stakeholder"), a wholly-owned subsidiary of Hinterland, was approved at the Annual and Special Meeting of shareholders held in Montreal on June 7, 2011. Pursuant to the Arrangement, certain Yukon gold assets of Hinterland will be transferred to Stakeholder in consideration for the issuance of common shares of Stakeholder equal to 25% of the issued and outstanding common shares of Hinterland immediately prior to the closing of the transaction, for a total of approximately 20.7 million shares. As previously announced by Hinterland (see press release dated February 1, 2011 ), Hinterland will distribute 92.5% of the shares received from Stakeholder to its shareholders and keep 7.5% (for more information on the terms and conditions of Arrangement, see Hinterland's press release dated April 4, 2011 and the Plan of Arrangement attached to the Arrangement Agreement which has been filed at www.sedar.com).
The closing of the Arrangement is subject to number of remaining conditions, including (i) final approval of the Arrangement by the Superior Court of Québec (ii) final approval by the TSX Venture Exchange for listing of the shares of Stakeholder and the new common shares of Hinterland, (iv) the successful completion by Stakeholder of a private placement for minimum gross proceeds of $825,000, (v) the execution of a definitive agreement between Hinterland and Stakeholder for the transfer of the Yukon gold assets and (vi) other conditions customary to this type of transaction.
Other business transacted at the Annual and Special Meeting included: the re-election of Mark Fekete, Gregory Fekete, Vaughn MacLellan, Peter Thiersch and Fred Kiernicki and the election of Zachery Dingsdale as directors of the Company; the appointment of Raymond Chabot Grant Thornton as Auditors of the Company; and the approval of the Company's rolling stock option plan. Immediately following the meeting, Mark Fekete, Ingrid Martin and Gregory Fekete were re-appointed as the President and CEO, CFO, and Secretary respectively.
The Board of Directors welcomes Zachery Dingsdale as a new director. As Founder and Director of Tangent Management Corp., a financial management firm that provides financial consulting and management services to publicly listed companies, Mr. Dingsdale brings to the Company over 16 years experience in the equity markets. Mr. Dingsdale is currently President and CEO of Taku Gold Corp. (TSX VENTURE:TAK) and also sits as a director on the boards of Otish Energy Inc. (TSX VENTURE:OEI) and Tajiri Resources Corp. (TSX VENTURE:TAJ).
Liquidity is coming out of the Tier 1/2 juniors first, then the TSX will get hit...its has started...I expect a bounce somewhere...re-read my warnings. No stock is safe...more later
ReplyDeleteMaybe puts on miners is in order!
ReplyDelete