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Recent Posts

1
AG - First Majestic Silver Corp / Re: Oct10,2017
Last post by Nikko -
Ed...can you explain this chart? Thanks
2
CDE - Coeur Mining, Inc / Re: Move to Chicago
Last post by sandybeachdave -
"Why Chicago not Denver or Dallas -transportation hub,tax breaks,labor pool, Krebs interned there in,banking and his wife and family from Chicago
Krebs is a Wharton business school grad and Harvard MBA and familar with banking and investment community.He has the buisness training to run a major corporation,to move in money and power circles and he was young taking over."

I was aware of some of the history you present, but within the total is no economic rationalization for a move to Chicago. Chicago is an infested crime center with local crime of rape, murder and the like at the street level to bribery, extortion, maddening regulation and over taxation to pay for crooked politicians and their legacy commitments that will never be paid. Then move to the state level where it might be worse if possible. All this was festering long before the move. Transportation center is available at Spokane, capital of the inland empire. Labor pool is not a reason to move for a company the size of CDE. Money center, no way, money will be made available where needed a reasonable return with commensurate risk provided the lender anywhere on the globe. tax breaks for labor, you will have to explain how that works for me. Family and old friends in Chicago, now that is probably the entire reason and it is not in the shareholder's interest.

Sorry Edmund, a front office move might have been necessary but Chicago was not the location, further evidenced by Chicago being the city with the highest exit rate of companies and individuals in the nation. Chicago is not business friendly.
3
CDE - Coeur Mining, Inc / Move to Chicago
Last post by edmund -
Wheeler was a shoot from hip kind of CEO and it was his failed attempt at Wheaton River ,his purchase of New Zealand mine,his foray into Bolivia and Argentina.Rochestor was winding down,martha was near end of life,Bartolome just built ,Palmarejo art mid build,Kensington trapped in Supreme court and credit crisis and 10.00 silver had Coeur with 600,million shares .losing money and a unfinished mine. then the Franco deal and that dead weight royalty.Coeur finished Palmarejo did a reverse split,won in Supreme Court and quickly built Kensington and were looking ar end of life Martha and Rochestor.
Krebs took over as CEO and sadly organized company after three builds.Shortly after he took over there was the screwup ofmassive proportions not paying land taxes on rochestor which Krebs planned on reviving.
This screwup was just the impetus that Krebs needed to dismantle the good old boy network.
To rapidly accomplish this necessitated a corporate move out of coeur d'alene where the company was firmly entrenched-therefore a name change and move to Chicago making a complete makeover from mine managers up easier.A complete corporate infrastructure overhaul  using hi tech labor pool in Chicago
.Chicago was familar territory ,a hub of transportation and center of banking.
Krebs finished Kensington by shutting it down ,Krebs rescued Rochestor with Hanagarnes help and new mine manager.Krebs used the non payment of taxes as the trigger to turn the company around ,the move to help shed employees groomed in Wheelers system and an atmoshere in Coeur d Alene that was not going forward fast enough.

Coeur is now a modernized and organized company with focus on efficiency and recoveries-they embrace a organized goal oriented workforce embracing and comfortable with technology and innovation.
Why Chicago not Denver or Dallas -transportation hub,tax breaks,labor pool, Krebs interned there in,banking and his wife and family from Chicago
Krebs is a Wharton business school grad and Harvard MBA and familar with banking and investment community.He has the buisness training to run a major corporation,to move in money and power circles and he was young taking over.
Krebs had 20 years experience in mining buisness and i believe Krebs/Hanagarne make a formidable team .Krebs rescuing of Rochestor from being sold off by Wheeler and rescuing Palmarejo with an acquisition and re negotiating Franco royalty and ending minimum payment of 50,000 gold ozs that gives coeur the flexability to raise non royalty ore production when necessary.The shedding of Bolivia asset and purchase of Silvertip are starting now to make this his company.
I also believe that the murder of mining minister by unions forced a crackdown in Potosi and ended several contracts and that is why third party ore stopped -the drought a Red Herring--And Bolivian mill would have had to quote Krebs "third party ore as far as the eye could see".
Coeur with sale will end all reclamation fees 18 million or so,recover its Vat and cash left and retain a "2 NSR on mill.
Now some crticize Krebs for Preciosa purchase but at the time silver was 30.00 and this was one of largest primary silver mines in world and about to go to First Majestic-in a way it had to be bought or it was gone.100million in cash and the rest high priced shares -this is a 10million oz producer--so three take aways to me was Krebs experience-he secured a skilled mine builder Pan Americans best who was familat with this project from orko JV- Krebs raised capital ahead of build and had the courage to halt the project.The money raised helped Coeur survive the bear market while initiating thee expansions
Preciosa is still halted even with its last round of infill drilling and reconfiguration which raised grades 22% and halved strip ratio.
The pressure to build with Bolivia ending was releaved by purchase of Silvertip which was aided by the debt restructuring over the past year .So from low grade bulk tonnage from inherited mines Krebs and Hanagarne have halved AISC  by going underground for grade ,adding grade through exploration with existing infrastructure,using innovations and new processes to raise recoveries-  all in a big bad bear market.
This was a long ,costly process and shouldn't be minimized but applauded-this involved every day more than 2,000 employees  and maybe a billion dollars.And we folk behind our computers can't imagine the complexity of legal,organization infrastructure,accounting,G&A,engineering inventory control-you can not blink your eyes and find grade,it takes three years permitting just to build a leach pad, in quick Nevada.
My patience has never waivered on a core position bought in 2009 but my trading has adjusted considerably
4
CDE - Coeur Mining, Inc / Re: From under radar
Last post by sandybeachdave -
I have looked a northern off and on for about a year now. Recent presentation and company web site does not mention NSR's or Alaskan property that I can find, but the property in Alaska is large. I wish there were more information on start of mining in Nevada and some economics. It seems there is a lot of potential/ The management team has built several companies that have been sold. It is probable they have similar plan to sell Nevada properties and repeat process on the Alaska land with a healthy bank account to fund their work.
5
CDE - Coeur Mining, Inc / Re: From under radar
Last post by edthelorax -
6
AG - First Majestic Silver Corp / Re: Oct10,2017
Last post by edthelorax -
7
BTG - B2Gold Corp / Re: BTG 12/19/17
Last post by edthelorax -
8
CDE - Coeur Mining, Inc / Re: From under radar
Last post by CLARKBAR -
CDE and Northern Empire may have excellent timing as it relates to current market juncture and pre-positioning with gold under 1350 and silver at 17 seems like significantly tilted risk/reward calculation needs to be made.  Thanks for bringing us to the table.  dcp
9
Silver - General Discussion / Re: Crypto and it's effect on silver
Last post by edthelorax -
As always, i greatly appreciate and value your opinion.  Nikko
10
Silver - General Discussion / Re: Crypto and it's effect on silver
Last post by Nikko -
Ed, I am super happy you made money in them...but it does not change my mind that they are all worthless in the end. One must understand that they are only worth what people are willing to pay for them ( greater fool theory )
Blockchain technology is valuable for sure, but not bitcoin and its peers.