From: PaperPerson | 1/2/2013 4:55:40 PM | | | | Silver stock alexco AXU starting to act cool.
stockcharts.com
Stock made a 7.8 percent move wednesday with silver bullion getting sparky. broke out above its 50-day moving average, too. i dont own it yet, but i think i might buy some.
in SLV, the silver etf, which is a fair proxy for silver the metal. you can see the parallel action.
stockcharts.com
both showing positive accumulation via the on-balance-volume chart (OBV).
alexco web site
alexcoresource.com |
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To: TheSlowLane who wrote (4667) | 1/8/2013 10:04:39 AM | From: PaperPerson | | | TSL, thanks for sharing that info on alexco. great to have somebody with good instincts like you visiting the site, instead of having to rely just on what is on paper. i just bought a 1000 to start. but it does seem like a great time to accumulate it.
Michael |
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To: PaperPerson who wrote (4668) | 1/8/2013 10:11:26 AM | From: TheSlowLane | | | The market has gotten so whacky I have no idea what will happen over the short term with anything so if I can find companies that I feel are competent and focused and have good assets then I am relatively comfortable holding them and waiting for things to develop. No guarantees though, of course. <g> |
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To: TheSlowLane who wrote (4665) | 1/12/2013 4:02:00 PM | From: DrBill | | | SlowLane, PaperPerson: Happy New Year. The #5 company on the list, Aurcana (v.AUN), is showing hyper-growth in 2013-2014. S/B producing close to 10 million silver oz. within 12 months. This coupled with a likely spike in siver prices could very well drive AUN to from 3X to 5X of the current SP. Isn't rapid increase in SP the objective? Regards, DrBill |
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To: DrBill who wrote (4671) | 1/12/2013 4:50:57 PM | From: TheSlowLane | | | Hi DrBill, Thanks for your comments! I am not familiar with Aurcana so maybe the information in the Motley Fool article is dated but that says:
"...now that Shafter has achieved commercial production we will see whether this budding mid-tier producer can come through with theambitious initial production goal of 3.8 million silver ounces in its first full year of operation."
Do they intend to go from 3.8MM to 10MM ounces over the second/third year?
Scratch that...I just found it here:
fool.com
So that article was from February and the CEO said 500,000 ounces per month within 2-3 months. Do you know if they are there yet?
Thanks!
tsl |
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