It looks like a firm by the name of Hallgarten & Company picked SLI to add to their short postition. I find it very intriguing that a US firm followed little old SLI this closely.

They must be one of the "sophisticated investors from New York" that we have heard about in the past!!

Hallgarten & Company 60 Madison Ave New York, NY 10010

Thursday, June 30, 2011

Portfolio Changes

Our transactions this month picked up the pace as we purged some lagging names (and one undersized

position) and added three new names we had met in recent weeks:

_ Added a Short position in Golden Minerals . Shorted 5,000 shares of AUMN at US$19.42 on the

27th of June

_ Added a Long Position in Northern Minerals. Purchased 150,000 shares in NTU.ax at AUD$0.73

on the 9th of June.

_ Adding a Short Position in St Elias Mines to the Model Mining Portfolio. Sold 60,000 shares in

SLI.v at CAD$1.79 on the 9th of June

http://www.mining.com/wp-content/uploads/2011/06/portfolio_june11.pdf

Hallgarten & Company 60 Madison Ave New York, NY 10010

Monday, September 19, 2011

Silent Whispers

On the 2nd of September the company came out with a press release essentially “calling out” the

Shorters. Now in recent times we have seen other companies complaining of Short action in their stock

(St Elias Mines, being a deserving case for shorting) but in this case the company revealed that it had

come into possession of a copy of an anonymous letter dated August 29, 2011 addressed to the Ontario

Securities Commission, Silvercorp’s Auditors, and various media outlets maliciously alleging a “Potential

$1.3 Billion Accounting Fraud at Silvercorp”.

http://www.hallgartenco.com/file.php?path=Mining&filename=Silvercorp_sept11.pdf

Tuesday, January 31, 2012

Hallgarten & Company 60 Madison Ave New York, NY 10010 T 973-889-1136

Having referred to St Elias Mines (one of our Shorts) as having a postage stamp sized resource in the

past, we found it no surprise that the recent drill results should have created a plunge in the stock. The

only thing that surprises us is that it took so long for investors and some directors to wake up to the fact.

The chart below pretty much explains it all. The stock went from $2 to around 78 cents in the space of

two weeks with two directors (the only two with geological knowledge) exiting stage left at the darkest

hour. To prove P.T. Barnum’s dictum correct the company then drafted on board two new directors with

no mining company experience and the investors in this hapless name breathed an enormous sigh of

relief and piled back in now that it was “safe to go back in the water”. We have great aspirations for this

stock and are thus lowering our 12 month target price from 80 to 20 cents.. Fasten your seatbelts, it’s

going to be a bumpy night..

http://www.stocksandspeculations.com/i/pdf/154b_Jan_31_Hallgarten_portfolio_article.pdf

Hallgarten & Company 60 Madison Ave New York, NY 10010 T 973-889-1136

Thursday, March 1, 2012

+ St Elias Mines, our hapless Short continues to be the gift that keeps giving!

The SLI Short position is delivering in spades as it has lost the initial bloom from appointing directors to

replace the first set of leavers and has been trending down heavily.

http://www.stocksandspeculations.com/i/pdf/159b_Mar2_Hallgarten_Article.pdf