Bullboard - Stock Discussion Forum Elgin Mining Inc ELGMF

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Post by RockLobster1on Apr 29, 2013 7:24pm

They listened to you guys... seems sensible

Elgin Mining Announces Cost Cutting Measures and Revised Capital Allocation Plan Monday, April 29, 2013 VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2013) -Elgin Mining Inc. (" ...more

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Comment by pppon Apr 26, 2013 7:00pm

RE: RE: RE: RE: RE: What a disaster

This has got to be the cheapest gold company on the TSX. What happened???

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Post by the_ocotilloon Apr 15, 2013 10:46am

Hope the Resolute Perfomance guy is happy

I hope Tom Stanley, the guy who runs the Resolute Performance Fund is happy with what he has done to his investment in Gold Ore, via the Elgin merger. With the slide in gold prices, standalone Gold ...more

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Comment by rob2000on Apr 09, 2013 4:00pm

RE: RE: RE: RE: What a disaster

To late to sell IMO....oversold, but in this bearish gold market that can last a while. Lets say gold heads to $2000, can we see this get back to $1 per share? opinions?

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Comment by the_ocotilloon Apr 09, 2013 3:03pm

RE: RE: RE: What a disaster

Yea, I can't figure out why they want to inflict a liquidity crisis upon themselves. In 2011 Gold Ore was on sound financial footing, $22m of working capital, no debt, nice little profitable mine ...more

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Comment by maurizionon Apr 06, 2013 1:54pm

RE: RE: What a disaster

They should just put Lupin on hold or slow down the spending there dramatically until Gold is much higher. I can see them getting into a finacial bind if they keep on loke this. The SP is telling us ...more

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Comment by the_ocotilloon Apr 05, 2013 10:19am

RE: What a disaster

I think the subject title "what a disaster" would have been more appropriate at the time the reverse merger was approved by shareholders. The margins at the Bjorkdal mine are fine with me ...more

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Post by maurizionon Mar 27, 2013 7:24pm

What a disaster

Lots of unhappy shareholders bailing today. They want lower cost of production but it is what it is. Cannot expect $500 on ounce costs. Higher gold price is going to have to bail us out. Lupin might ...more

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Post by maurizionon Mar 27, 2013 7:24pm

What a disaster

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Post by bullionbruceon Mar 12, 2013 10:40am

Mention on Motley Fool website

Insiders Are Buying These Three Small Caps, Should You? Elgin Mining (TSX:ELG) Elgin operates a gold mine in Sweden and is attempting to rejuvenate two past producing gold mines in Nunavut ...more

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Post by wyzeuron Feb 25, 2013 2:15pm

ELG is down but also most of its competitors...

AUZ down 51%... Forum Uranium by 62%.. Claude Ress by 66%... elg less 42%... mrz less 44 % Kaminak gold les 55%... Aura mineral less 73% ...more

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Post by maurizionon Feb 21, 2013 10:59am

50 Cents

Somebody has really lost their mind or must be desperate.>

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Comment by the_ocotilloon Feb 15, 2013 1:11pm

RE: RE: Today's N/R

>>>> Don't see much happening for awhile.<<<< I see too much happening. It doesn't seem prudent to spend $30m in CAPEX on both mines right now. I personally would ...more

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Comment by Zola2on Feb 14, 2013 4:45pm

RE: Today's N/R

News out, not good. ELG indicated higher cost for some quarters, expansion on hold etc. Don't see much happening for awhile. Also warrants no longer attractive.

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