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1:06 pm
December 30, 2011
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doc
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| Member | posts 373 | |
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Just in case you wanted to know:
Over the same period (more or less) as he accumulated WTG on the tsx…Yanchukov has accumulated 1,596,900 shares of Red Tiger Mining between Oct 24 and Dec 28 at an ACB of 1.028.
This is found on sedi.ca.
Now I'm not a conspiracy theorist…but…either:
Yanchukov trusts his buddies Finskiy and Prokhorov? that both RMN and WTG are going to be independently great companies (and make him money) or they will be combined in some way…and make money for him…but dilute us.
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10:17 am
December 31, 2011
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glenfidish
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So the saga continues! Here is a piece from someone on stockhouse.
RE: Sergei Yanchukov and Red Tiger insider buys
12/31/2011 11:13:12 AM | | 13 reads | Post #30499373
Doc, If the goal was to merge the 2 companies, they would have done it a few months back when Zaruma Resources had a 10 for 1 rollback and a name change to Red Tiger Mining. As it stands, Red Tiger is an undervalued company with a 76 million dollar market cap and tremendous potential to be a lot more. White Tiger shareholders should hope some kind of a merger happens but I doubt it will.
I'm (relatively) heavily invested in Red Tiger and this article taken from Minesite is largely why:
"Red tiger plans to produce 15 million pounds of copper annually for the first six years at an average cost of production of US$1.20 per pound.
At an assumed price of US$3.50 for copper and using the US$1.20 per pound for production costs the estimated cash flow after deducting the US$50 million capital cost recovery comes to US$156 million. And at the current price of copper it would be nearer US$200 million, as every US10 cent rise in the price of copper boosts cash flow by US$9 million.
They also have the the Sapuchi gold project. The mineralization at Sapuchi is close to surface and less than one kilometre from the site of the Luz del Cobre crushers, so open pit mining is bound to be the favoured option. This gold project is not a big deal, but it should be another useful source of positive cash flow. The capital cost is estimated at around US$9 million, to include more drilling and a feasibility study. The result would be production of 25,000 ounces of gold annually for at least five years at a cost of US$440 per ounce, which is a useful addition to the copper project and there should be no conflict if both are operating at the same time. Right at the moment, however, the focus is on getting the copper show on the road."
I see good things for both companies in 2012.
Glenfidish Post!
Doc i gotta hand it to you for the info you are able to collect. One would think your an insider. For the record, i'm not stating you are but quite frankly one does not know who to trust anymore as multiple id's have same writing patterns .. So your either a great soul/person that does not miss one day of posting for the sake of all or you are an insider with pump and dump mentality . I will let others decide.
On a different note something will eventually go down with red tiger and white tiger. Both companies share interest and both finskyi and sergei have ammunition of common stock/warrants that is mind blowing. My question here to all is what does your chess pieces say? Where do you see this going? In the later stages of CMM it was quite obvious finskyi and scola were dumping/transferring shares out of cmm. Now we see sergei make multiple buys yet his weakest buy was at 1 dollar plus . His largest of buys are below 70 cents. What is he up to? I'm determined to go down with the ship just to save face from the theft of cmm share. My hope is that i can break even! My dream that 2012 is going to be a great year for gold in general and that these 2 or 4 nut heads finskiy/scola/sergei/major and add peggy to the list allow a run even if it's a pump type of run. It's in there interest and sure as hell in mine. At this point not one person who is not an insider has any clue as to how much gold they truly have in reserve.
I would like to really here an update from Carib, Relic, Production05 if still around and bigjohn. And yes Doc yours to !
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9:49 am
January 3, 2012
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Carib
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Happy New Year everyone!
I haven't posted much lately because there is not a whole lot to say and I'm not interested in the unsubstantiated conspiracy theories about a merger with Red Tiger. This is from a Sedar filing on December 28:
Except as set forth above, White Tiger does not presently have any plans or proposals for material changes in its business affairs or the affairs of Century, which may have a significant effect on the results of operations and financial position of White Tiger, including any proposal to liquidate Century, to sell, lease or exchange all or a substantial part of Century’s assets, to amalgamate Century with any other business organization or to make any material changes to White Tiger’s business or Century’s business, including any change in corporate structure, management or personnel.
I know this is not binding, but why declare this if there is any intent to form a business combination with Red Tiger. Century is being treated as an independent subsidiary of White Tiger, and
Century intends to close its Blaine, Washington office and establish an office in Canada which will oversee all operations in North and South America.
Regarding the Century Q3 financials, thizsukz extraplorated that, based on $1600 gold, Century only produced 5,562 ounces in Q3. This is actually a very good number because it would all be from San Juan because none of the revenue is from Lamaque until commercial production is declared.
glenfidish said:
In the later stages of CMM it was quite obvious finskyi and scola were dumping/transferring shares out of cmm.
Those shares were transferred to Finskiy's business partner, Sergei Yanchukov which means that Finskiy by himself doesn't have a majority stake in White Tiger, but that he and Sergei combined do. Insider buying is usually a bullish indicator and certainly Sergei knows more about what is transpiring at Lamaque and in Russia than we do.
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12:34 pm
January 3, 2012
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bigjohn37
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Happy New Year to all!
I agree with Carib's comments concerning the future of WTG. I am doing some research about "who is Sergei Yanchukov". If & when I find something worhtwhile, I will post it.
I agree with those posters who indicated that Sergei is unlikely to have made his investment for a "quick flip".
Good luck to all!
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1:04 pm
January 3, 2012
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doc
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Happy 2012 as well – I believe it will be positively memorable in comparison to 2011. I think Q1 2012 will be critical in achieving milestones towards WTG's stated goal of a mid tier producer. I believe several press releases will come out soon – after all WTG will be presenting early March at PDAC. This will have to be very impressive in order to repair the damage they caused to their own reputation. If they can demonstrate numbers and plans at PDAC – they can go a long way to rebuilding their reputation.
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6:52 pm
January 3, 2012
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paliman
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happy new year to all. Agreed doc they have stated what they want to do,now they have to start showing that they can do it. Hopefully it starts with some new 43-101 to up date all the drilling that has been going on. January would be nice. Show us some increase in production in the 4 quarter, and better grades as to set up a good 2012 year of production. For me i will watch the first 6 months of 2012 and make a decision.
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7:47 pm
January 3, 2012
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FREDERICTON
| | Fredericton, N.B. | |
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My best wishes to all for a successful 2012….. and if you still haven't done your Christmas shopping…. Ukrainian Christmas is in a couple of days.
………………
It has been a year ago tomorrow that Daniel Major was announced as the new CEO and it has been backwards ever since. In spite of all of Major's pronouncements on growth, opportunity and increased shareholder value, one year later, he has been a dismal failure.
Doc's comments on WTG trying to establish credibility at PDAC….. BLUSTER will not cut it. There is a very good reason why new investors have not fallen in love with WTG and the fact that Finskiy has had to seek support in Russia. In spite of the facts that Retail's efforts were not successful…. we did expose Finskiy & Associates and Major's misManagement team. It is this exposure that WTG will have to overcome at PDAC.
I want to restate my benchmark ……..
When WTG = $2.07…….it will have achieved the growth level that "LamJuan" was at before Finskiy and Major bastardized our shareholder value.
Today WTG = $.87……. which is now LamJuan + Russian assets.
There is nothing to BLUSTER about at PDAC.
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11:11 pm
January 3, 2012
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Big goon
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Just a wonder for everyone, anybody notice that the 10% spinout of the big company, (can't remember the name off hand,talk was 1.5 to 2 billion for only 10% to go public ) that was suppose to happen in late 2011 year for the TSX has seemed to have been forgotten about. Not a word said that I know of.
Was this because of the drag out of CMM and would it have anything positive or negative in regards to the WTG share price short term?
A long shot,maybe they will seriously focus on WTG and get it in gear as big big loans have been set up and some what large insider buying,just not normal
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6:21 am
January 4, 2012
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doc
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A brief update – plugging in Carib's 'estimated' ounces out of San Juan (5,562) to the ounces mined as below; we have 35,335 ounces (which does not include Q3/Q4 Lamaque; Q4 for San Juan and Savkino. Did WTG mine the additional 50K – 60K ounces it requires to meet guidance at the end of 2011? I wonder if Mr Yanchukov knows…
Updated Gold Guidance:
We can only speak to the Russian property numbers for the first 9 months. We only have Q1 and Q2 data for the San Juan and Lamaque properties.
Savkino produced 16,000 ounces in 2010. They have projected to produce 21,000 ounces in 2011. So far in the first 3 quarters they are at 593(Q1), 2638(Q2) and 8131(Q3) for a 9 month total of 11,362 ounces. This means they need to produce 9,638 ounces in Q4 to meet projection.
San Juan produced 19,200 ounces in 2010. They have projected to produce 20,000-24,000 ounces in 2011. So far in the first 2 quarters they are at 4443(Q1), 4371(Q2) for a 6 month total of 8,814 ounces. This means they need to produce between 11,186 and 15,186 ounces in Q3/Q4 to meet projection.
Lamaque produced 14,419 ounces in 2010. They have projected to produce 45,000-50,000 ounces in 2011. So far in the first 2 quarters they are at 5815(Q1), 3742(Q2) for a 6 month total of 9,557 ounces. This means they need to produce between 35,443 and 40,443 ounces in Q3/Q4 to meet projection.
Total production thus far for 2011 is 29,773.
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10:34 am
January 4, 2012
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glenfidish
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The verdict is yet to be determined. I can't stress enough how important it is not only to meet guidance but if possible meet it at the upper threshold of the figures given. More importantly if they surpass some of the guidance numbers more specifically "LAMAQUE", then i guarantee this WTG stock will move north.
Thank you Doc for posting the numbers so all can see where we are and more specifically where we need to be.
To WTG MANAGEMENT, IF YOU ARE READING MEET YOUR GUIDANCE OR SURPASS IT FOR A CHANGE AND NEGATIVE PUBLICITY WILL TURN POSITIVE MAKING FINSKY AND YANCHUKOV lOTS OF MONEY AS WELL AS CMM SHAREHOLDERS
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