Queenstake Resources (merged to Yukon-Nevada Gold)

QRL-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about QRL-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
May 31, 2007
Busy with a merger. Believes cost structure is problematic.
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Busy with a merger. Believes cost structure is problematic.
DON'T BUY
DON'T BUY
April 20, 2007
Merging with YGC Resources (YGC-T), which has an interesting exploration project in the Yukon. They're old mine in Nevada has been very troubled and expect it will be shut once the merger is completed.
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Merging with YGC Resources (YGC-T), which has an interesting exploration project in the Yukon. They're old mine in Nevada has been very troubled and expect it will be shut once the merger is completed.
SELL
SELL
March 7, 2007
You could see quite a bit of value coming out of this, but it may take some time. Had a lot of operating difficulties with their Jarret Canyon mine and haven't been able to generate enough cash to fund exploration. Cutting back considerably on production and will be cash flow neutral at best.
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You could see quite a bit of value coming out of this, but it may take some time. Had a lot of operating difficulties with their Jarret Canyon mine and haven't been able to generate enough cash to fund exploration. Cutting back considerably on production and will be cash flow neutral at best.
HOLD
HOLD
February 8, 2007
Merging with YGC Resources (YGC-T). This has been a very disappointing stock. They couldn't operate their mine successfully. Great land package. Wouldn't buy at this time until you see what happens.
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Merging with YGC Resources (YGC-T). This has been a very disappointing stock. They couldn't operate their mine successfully. Great land package. Wouldn't buy at this time until you see what happens.
DON'T BUY
DON'T BUY
December 13, 2006
Has a lot of problems. Working on the Jarret canyon deposit, which is a complex of deposits in Nevada. Trying to reduce cash costs, but it has gone up to $640 and ounce.
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Has a lot of problems. Working on the Jarret canyon deposit, which is a complex of deposits in Nevada. Trying to reduce cash costs, but it has gone up to $640 and ounce.
DON'T BUY
DON'T BUY
November 30, 2006
Has been an enormous disappointment. A high cost mine and they cannot operate profitably in the current gold price. Dead money unless gold shoots up.
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Has been an enormous disappointment. A high cost mine and they cannot operate profitably in the current gold price. Dead money unless gold shoots up.
DON'T BUY
DON'T BUY
November 27, 2006
There are so many other stocks available. Have had a series of problems. Has not performed well.
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There are so many other stocks available. Have had a series of problems. Has not performed well.
BUY
BUY
September 22, 2006
Owns 20% of company. They have had decent results. Believes that gold will go higher. He has no intention of selling the stock and believes that it go to $1.00.
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Owns 20% of company. They have had decent results. Believes that gold will go higher. He has no intention of selling the stock and believes that it go to $1.00.
DON'T BUY
DON'T BUY
August 16, 2006
Operates a gold mine in Nevada and if there is a decline in the US$, this company will give you leverage. Their negative is that they have a very hungry mill with limited gold to feed it with.
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Operates a gold mine in Nevada and if there is a decline in the US$, this company will give you leverage. Their negative is that they have a very hungry mill with limited gold to feed it with.
WAIT
WAIT
August 1, 2006
A difficult mine. With costs going up as much as they have, gold price has not kept pace. Will need $850 gold for it to start moving.
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A difficult mine. With costs going up as much as they have, gold price has not kept pace. Will need $850 gold for it to start moving.
DON'T BUY
DON'T BUY
August 1, 2006
Only has a 4/5 year mine life. You can make a case that at this gold price it could pay you back your original investment and give a marginal return on it. That's not enough to get the gold industry excited.
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Only has a 4/5 year mine life. You can make a case that at this gold price it could pay you back your original investment and give a marginal return on it. That's not enough to get the gold industry excited.
DON'T BUY
DON'T BUY
July 31, 2006
The only thing that will get this company going is a higher gold price or they get some good quarters under their belt. It will likely languish until they return to a higher profitability.
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The only thing that will get this company going is a higher gold price or they get some good quarters under their belt. It will likely languish until they return to a higher profitability.
BUY
BUY
June 13, 2006
The stock to own if his much higher gold price prediction is correct. Producing a lot of ounces and are a fairly high cost operation in Nevada. They'll make a lot of money in higher gold prices.
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The stock to own if his much higher gold price prediction is correct. Producing a lot of ounces and are a fairly high cost operation in Nevada. They'll make a lot of money in higher gold prices.
BUY
BUY
May 30, 2006
Bought a fairly large mine which has a hungry mill. Keeping feed in front of it has been a problem. Newmount made an agreement to truck ore to the mill. This gives them a lot more flexibility. Prefers exploration companies instead.
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Bought a fairly large mine which has a hungry mill. Keeping feed in front of it has been a problem. Newmount made an agreement to truck ore to the mill. This gives them a lot more flexibility. Prefers exploration companies instead.
BUY
BUY
April 17, 2006
Newmont Mining (NMC-T) has come in which is very positive in that it will help with their milling costs. Feels they will move into a positive cash flow basis. Also, they now have money to explore.
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Newmont Mining (NMC-T) has come in which is very positive in that it will help with their milling costs. Feels they will move into a positive cash flow basis. Also, they now have money to explore.
BUY
BUY
March 30, 2006
Just announced that Newmont(NMC-T) just did a private placement of about 4.9% of the outstanding shares of this company. With warrants, they'll own about 8.5% of this company. This is a very significant transaction. It will dramatically reduce their operating costs. If you want leverage to the US$, it's a buy.
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Just announced that Newmont(NMC-T) just did a private placement of about 4.9% of the outstanding shares of this company. With warrants, they'll own about 8.5% of this company. This is a very significant transaction. It will dramatically reduce their operating costs. If you want leverage to the US$, it's a buy.
DON'T BUY
DON'T BUY
January 27, 2006
The increase in this stock is basically because of the increase in the price of gold. There is still a question as to whether they can turn around the Jarret mine to be a profit making project.
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The increase in this stock is basically because of the increase in the price of gold. There is still a question as to whether they can turn around the Jarret mine to be a profit making project.
DON'T BUY
DON'T BUY
January 13, 2006
Queenstake could possibly be a very significant player. We are seeing volatility and liquidity evolving in the mid-tier market. They have an operating gold mine in Nevada so if we have a decline in the US$, an increase in the US gold price than the operating margins for them should go up dramatically. They have suffered a little bit because they have a very high operating cost and they don't have a lot of ounces ahead of the mill so they're having a tough time keeping a hungry mill satisfied. That has impacted the operations and negatively impacted the share price. If we see a dramatic increase in the gold price this should have dramatic increases in Queenstake share valuation. But, he would really like to see them address the issue of reserves that are lying ahead of the mill. An increase in reserves and resources would do magnificent wonders for the stock.
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Queenstake could possibly be a very significant player. We are seeing volatility and liquidity evolving in the mid-tier market. They have an operating gold mine in Nevada so if we have a decline in the US$, an increase in the US gold price than the operating margins for them should go up dramatically. They have suffered a little bit because they have a very high operating cost and they don't have a lot of ounces ahead of the mill so they're having a tough time keeping a hungry mill satisfied. That has impacted the operations and negatively impacted the share price. If we see a dramatic increase in the gold price this should have dramatic increases in Queenstake share valuation. But, he would really like to see them address the issue of reserves that are lying ahead of the mill. An increase in reserves and resources would do magnificent wonders for the stock.
DON'T BUY
DON'T BUY
January 11, 2006
It was one of those assets that was tired but management felt that they could turn it around. They have continually struggled. The asset quality isn't great, but in a rising market it should move up. Prefers others with better quality.
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It was one of those assets that was tired but management felt that they could turn it around. They have continually struggled. The asset quality isn't great, but in a rising market it should move up. Prefers others with better quality.
DON'T BUY
DON'T BUY
November 21, 2005
Has gone sideways. Would have thought that it had higher leverage to good gold prices. They seem to have messed it up, changed managers and never seem to get it right.
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Has gone sideways. Would have thought that it had higher leverage to good gold prices. They seem to have messed it up, changed managers and never seem to get it right.
DON'T BUY
DON'T BUY
November 17, 2005
A couple of years ago, when they were doing a financing, they said that they had so much gold that they would never have to do another financing. Yet they keep on doing financing. That puts them in the penalty box and he doesn't want to look at them any more.
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A couple of years ago, when they were doing a financing, they said that they had so much gold that they would never have to do another financing. Yet they keep on doing financing. That puts them in the penalty box and he doesn't want to look at them any more.
BUY
BUY
November 1, 2005
The cost of doing business has gone up dramatically, faster than the gold price has gone up. Good management. Cut back expenses and will be profitable in 2006 at current gold prices.
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The cost of doing business has gone up dramatically, faster than the gold price has gone up. Good management. Cut back expenses and will be profitable in 2006 at current gold prices.
DON'T BUY
DON'T BUY
October 24, 2005
Redevelopment plan seems to be showing improvement with production and costs, but there are so many more interesting plays.
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Redevelopment plan seems to be showing improvement with production and costs, but there are so many more interesting plays.
BUY
BUY
August 23, 2005
(Owns over 10% of the company.) With gold price of $450 or less, to produce gold, is consuming capital at an alarming rate. In the last few years, they let development slide, so have to catch up with development to get to the scopes to get the production they need. New management. Believes in management and the mine, but need a better gold price.
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(Owns over 10% of the company.) With gold price of $450 or less, to produce gold, is consuming capital at an alarming rate. In the last few years, they let development slide, so have to catch up with development to get to the scopes to get the production they need. New management. Believes in management and the mine, but need a better gold price.
SELL
SELL
August 23, 2005
One of the worst companies out there. Probably time for them to raise more money because they continue to raise money. Production is not going as well and their costs are higher, they've diluted shareholders no end.
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One of the worst companies out there. Probably time for them to raise more money because they continue to raise money. Production is not going as well and their costs are higher, they've diluted shareholders no end.
WEAK BUY
WEAK BUY
August 18, 2005
Not a gold bug. Doesn't see $500/600 gold. If you are a gold bug you have to be negative on the US$ and probably, on the short term, that the US deficit is going to cause problems. This company is having their own particular problems and because they're high cost, they're great leverage, so if you are a gold bug, it's cheap.
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Not a gold bug. Doesn't see $500/600 gold. If you are a gold bug you have to be negative on the US$ and probably, on the short term, that the US deficit is going to cause problems. This company is having their own particular problems and because they're high cost, they're great leverage, so if you are a gold bug, it's cheap.
STRONG BUY
STRONG BUY
July 5, 2005
Will do well when the gold price moves materially higher. Can produce 300,000 ounces for the forseeable future. Exploration is going well at several sites. An outstanding leveraged play for a higher gold price. Good management.
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Will do well when the gold price moves materially higher. Can produce 300,000 ounces for the forseeable future. Exploration is going well at several sites. An outstanding leveraged play for a higher gold price. Good management.
DON'T BUY
DON'T BUY
June 27, 2005
Its future is very uncertain because they had operational problems at Jarrett Canyon. Don't have a lot of flexibility in terms of mine development. Costs have been rising squeezing out any margins. However any significant decline in the US$ will give them some breathing room.
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Its future is very uncertain because they had operational problems at Jarrett Canyon. Don't have a lot of flexibility in terms of mine development. Costs have been rising squeezing out any margins. However any significant decline in the US$ will give them some breathing room.
BUY
BUY
May 26, 2005
Made a positive change in management. Their main problem has been the stagnant gold price. It's a high cost and difficult mine. Have enough money to handle the next 2 years. Have a terrific exploration play.
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Made a positive change in management. Their main problem has been the stagnant gold price. It's a high cost and difficult mine. Have enough money to handle the next 2 years. Have a terrific exploration play.
HOLD
HOLD
May 19, 2005
Good people. Jarret Mine is a decent project. Have to get more money into the company in order to reduce the number of outstanding shares. Speculative.
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Good people. Jarret Mine is a decent project. Have to get more money into the company in order to reduce the number of outstanding shares. Speculative.
VAGUE
VAGUE
May 9, 2005
Has disappointed 3/4 quarters in a row. Hopefully the company will do what they say they can do. Think of this stock as a warrant on higher gold prices.
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Has disappointed 3/4 quarters in a row. Hopefully the company will do what they say they can do. Think of this stock as a warrant on higher gold prices.
DON'T BUY
DON'T BUY
April 29, 2005
One of the few gold mining companies with true leverage to the US$. Their only operation is the Jarret Canyon mine in Nevada. The bad news is that they seem to be spinning in mud, i.e. the cash flow they are generating through their operations is going right back into resource development, exploration and sustaining capital costs. Operating costs are rising when they should be falling and cash flow is falling when it should be rising.
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One of the few gold mining companies with true leverage to the US$. Their only operation is the Jarret Canyon mine in Nevada. The bad news is that they seem to be spinning in mud, i.e. the cash flow they are generating through their operations is going right back into resource development, exploration and sustaining capital costs. Operating costs are rising when they should be falling and cash flow is falling when it should be rising.
DON'T BUY
DON'T BUY
April 15, 2005
Has decent management. Too many shares outstanding. Would like to see them restructure.
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Has decent management. Too many shares outstanding. Would like to see them restructure.
DON'T BUY
DON'T BUY
March 23, 2005
Have a lot of cost pressures which are increasing. This is worrying. Tends to avoid mines that have high costs as it is hard to tell where gold is going.
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Have a lot of cost pressures which are increasing. This is worrying. Tends to avoid mines that have high costs as it is hard to tell where gold is going.
WEAK BUY
WEAK BUY
March 21, 2005
Has spent considerable time looking over this one and it shows up incredibly inexpensive. There are 2 types of resource companies. Long life companies which are low cost (which he likes) and a 3/4 year reserve life. This one is the latter with a 3 year reserve life. Great technical team managing it.
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Has spent considerable time looking over this one and it shows up incredibly inexpensive. There are 2 types of resource companies. Long life companies which are low cost (which he likes) and a 3/4 year reserve life. This one is the latter with a 3 year reserve life. Great technical team managing it.
DON'T BUY
DON'T BUY
March 15, 2005
This is a good example of how risky some of the juniors are.
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This is a good example of how risky some of the juniors are.
WATCH
WATCH
March 10, 2005
Currently the bane of his existance. Have apparently run out of money. CEO had heart attack and resigned. Replacement guy might just as competent (!?) if not more so. Are attemptting refinancing. If gold goes up $100 in the next year (he expects it to) this company could be seen in a totally different light.
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