edgewater exploration

next investor lunch presentation in munich ~ edgewater exploration

source: http://www.edge-water.com/

any insights?

• gold in spain (NI43-101 compiant 1.2m ounces resource)
• gold in ghana (option for kinross to acquire 49%)
• great shareholder structure (insiders, lundin group, kinross, ..., only 38% retail investors)
• CAD 7m cash, sufficient till the end of the year to pay the lundin group for the spanish property + for drilling in ghana & spain
• mr. market values only their spanish asset => the stock is an option on the much, much larger project in ghana
• still cheap in terms of 'gold resources in the ground'
• the stock didnt collapse today as the silver price lost 9% and edgewaters gold/silver explorer buddies lost -5% to -15%. it is a sign of strength, isnt it?
• still cant understand why my initial buy order at CAD 0.80 wasnt filled 2day cos there was trading volume between CAD 0.80 and 0.82 ... hmmmm, strange canadian exchange, isnt it ????
• ...

... lets add some details 2morrow or wanna ask CEO george salamis directly?

rare earths (REE) madness

folks, now i start 2 understand all that REE craziness out there! wanna see the recent price developments? (source: the latest lynas corp quarterly report):

...

RARE EARTHS PRICES

Rare Earths supply constraints has further impacted Rare Earths prices. The average quarterly price for the Mount Weld Rare Earths distribution, on Freight on Board (FOB) China basis, increased to US$ 92.84/kg REO, which is an increase of over 49% across the quarter. Prices continue to increase post quarter end and as at 27 April 2011, the average price for the Mount Weld Rare Earths composition was US$ 160.32/kg on a FOB China basis. 160.32/kg on a FOB China basis.  

...
damned hell! the madness lasts for quite some time now, isnt it? just imagine, the price of lynas' REO composition increased from $13.13 to $160.32 in only 13 months --- what the heck is going on? all of that only because china cornered the REE market (via price dumping and thus destroying almost all foreign production) some time ago?

my REE fighters (rare earth elements):

• commerce resources - canada
• quantum rare earth - usa
• aurizon mines - canada
• zimtu capital - canada
• talon metals - canada
• arafura resources - australia
• lynas corp - australia

go commodities go!

munich re ~ AGM few days ago

company headquarters ~ inside the building-complex

most interesting insight? they dont have to worry abt the nuclear disaster in fukushima too much! from the financial perspective only, just the earthquake + tsunami is an issue for the insurance businesses. why? well, the is no sufficient 3rd party liability insurance for the nuke industry needed ~ the stupid taxpayer carries all risk existing 

folks, lets #gogreen, lets switch 2 green energy providers (btw, it isnt expensive anymore), lets vote for better politics and better governments, dont allow our corrupt governments 2 destroy our future (both financial and ecological future, of course!), lets protest + lets change the world, it isnt too late yet, i hope ...

btw, there was a AGM a year ago as well: 

• 2010 ~ wanna read that? really? well, you have to scroll a little bit down to the end of my article, will u? here we go :-)
• ... and 2009 ...

allianz ~ next year is over!

company logo

how did i recognized that bombastic news? well, i have attended next allianz AGM last week ... it is as easy as that 

most interesting insights? 

#1: unlike their headquarters neighbors and insurance buddies munich re, allianz managed to stay profitable in Q1 2011. crazy, isnt it? there were sooo many natural disasters recently 

#2: their thin pimco subsidiary generated profit of €1.6b out of a total of €5.2b ... great, isnt it? what did the pimco guys so well? well, they didnt buy u.s. government bonds any longer but sell them! lets hope allianz will go short european bond market BEFORE it collapses completely .... 

btw, are there any additional AGMs in munich scheduled? yep, may 12 ... 3 companies on 1 day (bmw, linde, ludwig beck) ... gonna visit the last one of them cos ive never been there and its s.th. completely strange out of my portfolio 

there were some allianz AGMs in the past as well:

• 2010
• 2009

from explorer 2 producer

company logo

good-bye my dear silver explorer ... welcome my dear silver producer 

current company news:

May 03, 2011

Alexco Releases Initial Production Results for Bellekeno Mine; On Track for 2011 Silver Production of 2.8 Million Ounces

May 3, 2011 -- Alexco Resource Corp. (TSX:AXR, NYSE AMEX:AXU) today reported the first full quarter production results from its newly commissioned Bellekeno mine and mill in the Keno Hill Silver District, Yukon.

First Quarter Highlights

Silver Production of 447,524 ounces

Lead Production of 3,682,304 pounds

Zinc Production of 1,334,144 pounds

...

http://www.alexcoresource.com/s/NewsReleases.asp?ReportID=455036&_Type=News-Releases&_Title=Alexco-Releases-Initial-Production-Results-for-Bellekeno-Mine-On-Track-for-

btw, despite the recent sharp, sharp, sharp correction in the whole mining sector, my initial investment is +66.54% in €uro terms ... not bad in 8 months, anyway 

commodity conference

5 companies presented themselves at the cm-equity commodity conference in munich's best place 'hotel bayerischer hof' 2night:

• corex gold ~ gold in mexico
• adriot resources ~ antimony in italy ~ im invested here since few weeks
• lion one gold - gold in fiji
• westminster resources ~ copper, gold, silver in mexico
• western potash ~ potash in canada ~ im invested here since few years

then there were 2 quite interesting 'overview' presentations abt exploration/mining basics (similar 2 my former blog posts uno & dos) and abt a chart supported wake-up call 2 buy physical gold/silver esp. for folks who dont have any (similar 2 my former blog post tres ... btw, that ratio fell to 8 recently :-)

what abt pictures + more insights? ... coming soon ... here we go :-)

some tasty snacks and time to speak to other investors, gold bugs and the like ...

a nice place over there, isnt it?

folks, im too tired + too lazy in order 2 write anything, so just move 2 host's website and enjoy the fact that on sept 28, 2011 there will be the next such commodity conference ...

silver -11.24% right now :-(((

OMG, OMG, OMG! 

folks, ive made some €uros in my mini trading account by going long & short & short SILVER right now .... exactly 222.69 €uros at the current usd/eur rate ... but im quite sure i will lose many thousands of €uros in my investing account tomorrow, because it is full of mining shares, especially junior mining shares   

its so strange, we just had an all-time-high in gold $1,576 per ounce few minutes ago and a high-high-high silver price of $48 or $49 and now it is going to be such a mess for junior gold/silver producers & explorers and their investors 

well, mr. market can be soooo cruel 
OMG again!


go commodities go!