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Message: Re: News: 2nd Q Results
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News: 2nd Q Results
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Notie Girl
Aug 15, 2012 09:20AM
Ceo verified Re: News: 2nd Q Results
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glorieux
Aug 22, 2012 12:44AM
Re: News: 2nd Q Results
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Notie Girl
Aug 22, 2012 11:01AM

My biggest issue with them remains the high cost of production and the delays in execution of business plan. However, with gold going up and further improvements at the mill resulting in decreasing cost per ounce, they should be able to turn the corner here but their cash is low. They do have some big backing from the principles of PRE so not worried about them not being able to raise more cash. The SP is push down mainly because JP Morgan is exiting their position. Once they finish selling and GCM turns the corner, this could be a good winner.

Here are the house positions since August 1st:

House Bought $Val Ave Sold $Val Ave Net $Net
62 Haywood 3,117,000 953,848 0.306 8,500 3,060 0.36 3,108,500 -950,788
80 National Bank 851,150 263,502 0.31 61,850 19,891 0.322 789,300 -243,611
46 Macquarie 805,600 252,459 0.313 26,750 8,280 0.31 778,850 -244,179
74 GMP 921,500 292,392 0.317 168,000 53,169 0.316 753,500 -239,223
2 RBC 1,322,231 414,366 0.313 648,795 209,614 0.323 673,436 -204,752
99 Jitney 1,110,500 352,879 0.318 605,500 192,267 0.318 505,000 -160,612
39 Merrill Lynch 473,010 151,177 0.32 0 473,010 -151,177
33 Canaccord 516,575 165,218 0.32 203,936 62,270 0.305 312,639 -102,948
14 ITG 231,192 72,768 0.315 6,131 1,900 0.31 225,061 -70,868
9 BMO Nesbitt 156,965 48,979 0.312 10,360 3,424 0.331 146,605 -45,555
13 Instinet 123,540 39,853 0.323 0 123,540 -39,853
85 Scotia 250,200 79,324 0.317 140,320 43,334 0.309 109,880 -35,990
27 Dundee 100,000 30,000 0.30 0 100,000 -30,000
81 HSBC 127,000 38,835 0.306 41,500 12,965 0.312 85,500 -25,870
7 TD Sec 939,051 293,100 0.312 860,973 270,051 0.314 78,078 -23,049
90 Barclays 136,000 42,497 0.312 58,500 18,528 0.317 77,500 -23,969
124 Questrade 325,130 98,758 0.304 260,260 80,217 0.308 64,870 -18,541
44 Jones Gable 142,974 44,495 0.311 85,365 27,223 0.319 57,609 -17,272
72 Credit Suisse 39,000 12,404 0.318 0 39,000 -12,404
36 Latimer 51,475 16,217 0.315 15,240 4,711 0.309 36,235 -11,506
123 Citigroup 27,927 9,015 0.323 0 27,927 -9,015
94 Hampton 25,000 7,550 0.302 0 25,000 -7,550
19 Desjardins 131,000 42,323 0.323 109,500 34,090 0.311 21,500 -8,233
16 Paradigm 20,000 6,000 0.30 0 20,000 -6,000
57 Interactive 34,200 11,121 0.325 14,329 4,840 0.338 19,871 -6,281
73 Cormark 10,000 3,000 0.30 0 10,000 -3,000
58 Qtrade 18,500 5,650 0.305 10,000 3,200 0.32 8,500 -2,450
101 Newedge 3,000 900 0.30 0 3,000 -900
86 Pictet 0 750 235 0.313 -750 235
92 Pollitt 0 806 284 0.352 -806 284
22 Fidelity 7,000 2,170 0.31 11,500 3,742 0.325 -4,500 1,572
53 Morgan Stanley 33,500 10,050 0.30 40,000 13,000 0.325 -6,500 2,950
65 Goldman 75,500 22,650 0.30 82,580 25,379 0.307 -7,080 2,729
59 PI 0 10,000 3,050 0.305 -10,000 3,050
89 Raymond James 0 26,000 8,567 0.33 -26,000 8,567
79 CIBC 553,014 176,585 0.319 617,366 202,209 0.328 -64,352 25,624
29 Casimir 0 65,500 22,925 0.35 -65,500 22,925
15 UBS 161,105 50,853 0.316 341,728 107,458 0.314 -180,623 56,605
1 Anonymous 1,666,000 523,584 0.314 2,315,500 740,971 0.32 -649,500 217,387
222 JP Morgan 0 7,658,300 2,353,668 0.307 -7,658,300 2,353,668
TOTAL

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