Smart Investment - mexicomike.ca

[aulover58]

to see first hand who is right between coach or club.
I even passed over kodiak to be interested in this dispute.
I think the Maund article has made me interested and I put my money on coach rather than club.

[club19]

Find by a poster
I have been asking on occasions about this Rene individual who was listed as a holder of 8 million shares I believe in the past.
Now 30 Million redistered in the BVI under Galtere

Now you have to wonder how all those PP were filled ?

Looks to me Rene increased it by more than 28 million shares and now had to be filed as having over 10 %.

Would be interesting to see what would be behind all this stake in ECU by one fund. Was initially on the board of directors but doesn't show up there anymore. I don't remeber ever having seen a notification.


From SEDAR - Alternative Monthly Report - August 6, 2010

Name and address of the eligible institutional investor:

Galtere Ltd. (“Galtere”)

Kingston Chambers

PO Box 173

Road Town, Tortola, BVI


Net increase or decrease in the number or principal amount of securities, and in the

eligible institutional investor's security holding percentage in the class of securities,

since the last report filed by the eligible institutional investor under Part 4 of the

early warning requirements:

Not applicable. This is an initial report filed by Galtere under Part 4 of National

Instrument 62-103.


The designation and number or principal amount of securities and the eligible

institutional investor's security holding percentage in the class of securities at the end

of the month for which the report is made:

Galtere, on behalf of one or more of its discretionary investment management clients, has

acquired an aggregate of 30,114,000 Common Shares and 2,000,000 warrants as of July

31, 2010, representing approximately 10.38% of the outstanding Common Shares (based

on 307,286,733 Common Shares outstanding as reported by the Issuer in its unaudited

financial statements for the period ended March 31, 2010 and calculated on a partially

diluted basis (assuming the exercise of all the Warrants held by Galtere’s discretionary

investment management clients).


http://findarticles.com/p/arti.....n15883930/

The Company is pleased to announce that Galtere International Fund Ltd., based in New York City, has decided to purchase $800,000.00 of the current private placement(see Stockwatch news release 11-08-2005) in addition to their current holdings. Renee Haugerud, the CIO, Managing Principal and Shareholder of Galtere Ltd. and Galtere International Ltd, resides as a director for ECU Silver Mining.

[club19]

You call it silly...I call iy skirting the issue about accusations with no foundation

[coach247]

Hi Clubby!

Three posts in a row today, do you get a bonus for that kind of activity?

Why have I not responded to your challenge? Because you failed to respond to mine for starters, and also your silly rant is yet another distraction that is not worth replying to. So I let it go.

And frankly, I do not give a big rats ass if anyone should 'trust me' about ECU. Unlike Inka Klown, I do not make recommendations. I do not issue guidance. I post my opinions, and present the facts as I see them. People are entirely capable of making their own decisions without my help, and trust is not an issue. You can agree with my point of view, or accept some other interpretation... but I do not require validation or demand trust.

Get over yourself by the way, you are entirely biased, but so are many others. And I also consider myself biased, but at least I also throw in some alternate points from time to time. I do not pretend to speak on behalf of ECU, and neither does Maund. The opinions are worthy of consideration but they should not be considered chapter and verse in terms of company policy.

I think you have made a few good points in response to Maund. I would add however that neither a financing nor a feasibility study would NECESSARILY be required to build a larger mill. My prefered option would be to JV the bulk tonnage resource to a major, with a carried minority interest for ECU through to production. I can think of a few companies sitting on enough cash to do such a transaction and just go right through the process in an accelerated time frame.

Lets keep in mind that $17 million in debt is a relatively minor sum when compared to the value of the resources outlined so far. If a transaction was to occur, including paying off the debt in the purchase fee would not be the deal breaker.

As for Inka Klown, I state again that he is a disgrace to the community. I have absolutely no respect for him. He can get attention somewhere else.

cheers!
mike
_________________
Its only a gambling problem if you are losing...

[club19]

Here's another enlightening excerpt from maund

"Although the company is faced with challenges - it has, for example to deal with a $17 million debt , and has to construct a new higher capacity mill to process its resources - these are normal growth experiences and it is expected to successfully roll over the debt as it has in the past, and once financing for the new high capacity on-site mill has been organized, it should be possible to get it completed in as little as 8 to 12 months"

He doesn't even mention that financing would require a feasability study...How far and how expensive will that be ?

Al;so that the debt is guaranteed by the properties...

Looking at his prognosis, he would have you believe financing to go whole hog on production woulkd be a cinch and be able to be online in 8-12 months ... while they havn't even discussed a feasability study.

Just small issues I guess according to Maund.

[club19]

This from maund I find enlightening

"The other point worth making is that about 40% of the stock is tightly held by a number of big investors, reducing the supply on the open market substantially, and making a hostile takeover of the company very difficult indeed. Now we will look at the charts to see how the price pattern is shaping up."

We have heard the same thing evn when the stock had less than 200 million in float

The rant when the stock was 3.00 + was that it was tightly held..
So what happened ??

How can he claim that ?? Very easy to say...just regurgitation of the same ole.

[club19]

Coach

I presume this comment is directed at me since I am the only one that that you would consider here biased against ECU while you on the other hand are totally unbiased. IKN has also brought forth fair analysis but I don't see you posting that on this board. And has been right more often than not about ECU.
You also have not responded about your accusations of what you claim I stated. It is very easy to come up with something fitting your agenda without having to back it up !!

"Coach....I challenge you to show where I said this
" You also claimed that ECU halted operations a few years ago because they could not make money from mining, which was also complete nonsense."



Geez...and here you are totally unbiased yourself, isn't that something!


"Again, one can agree or disagree with his assessment, but at least he has brought very clear analysis to the table and its not just based on idle ranting and overly biased attitude that skews his approach."

[coach247]

I am not a huge fan of Clive Maund, but I think he makes some very good points regarding ECU in this commentary:

http://agoracom.com/ir/ECU/for.....15#message

Again, one can agree or disagree with his assessment, but at least he has brought very clear analysis to the table and its not just based on idle ranting and overly biased attitude that skews his approach.

cheers!
mike
_________________
Its only a gambling problem if you are losing...

[club19]

Coach stated

" Next, they need to ramp up exploration, and return the speculative upside to the story. The highest share price for ECU came when the company was increasing the resources, and reporting on exciting new discovery zones. That potential remains. If the company can generate the funding to go back to extensive exploration work, I think the stock can regain the interest of speculators and trade much higher."


According to their own filings, they do not intend to explore any time soon.
The balance sheet is pretty well the focus they are on as I consider it the what may eventually do them in apart from the possibility that profitability may not become viable in prsent circumstances.

From their filings

"The Company is focused on improving the cash flows that it generates from its mining and milling
operations. It currently does not plan to recommence exploration activity until optimization of those
operations has been completed. The Company has not completed an economic study related to the
treatment of its oxide resource through the Plant and therefore cannot provide any assurances that its
operation will be economic."

[coach247]

Here is my take on the new veins at Chicago...

There has been active mining at Velardena for several decades, and during that time it has been established that the veins are remarkably continuous, they tend to become enriched to depth, there are frequent intervals where the veins swell into wider zones of ore, and also where veins intersect to form larger mineralized zones.

Lets keep in mind that the vein-hosted deposits are just a small part of the total resources. A far greater tonnage of rock has been outlined in stockwork and breccia zones between and around the veins, and in contact skarn to depth.

The new Escondida vein is not impressive on its own as per the numbers released in this news. The grades are nice but the interval and total resource is not a big deal. However, if one considers that the vein may very well extend to the same depths as many of the other productive veins for this mine, and that the same potential expansion into other alteration zones may also exist, then its a big deal. The detail that ECU reported today is very encouraging for this potential.

And also, lets consider that these veins were not even known just a year ago. It is yet another example of just how productive this system is, with so many resource areas already defined on such a small property.

I think ECU is back on the right track. First they needed to stabilize the financial situation, and to do so they acquired another mill, and have begun to achieve meaningful production to pay the bills. Next, they need to ramp up exploration, and return the speculative upside to the story. The highest share price for ECU came when the company was increasing the resources, and reporting on exciting new discovery zones. That potential remains. If the company can generate the funding to go back to extensive exploration work, I think the stock can regain the interest of speculators and trade much higher.

I have not sold a share of this one for a long time, and still own it since the 20 cent level. ECU is a paid advertiser on this website.

cheers!
mike
_________________
Its only a gambling problem if you are losing...

[coach247]

ECU Silver Discovers New Vein on the Chicago Property
TORONTO, ONTARIO -- August 31, 2010 -- ECU Silver Mining Inc. (TSX:ECU) is pleased to report on the first of two newly discovered veins on the Chicago Property. As reported in the press release dated August 25, 2010, ECU identified two new veins plus a high grade extension of the known Gambusinos Vein, all within the Chicago Property. Recently, a drift was opened along the first of the newly discovered veins, named the Escondida Vein, over a total length of 195 metres (640 feet). The Company has received assays for the first 165 metres (540 feet) which graded an average of 7.21 grams per tonne (g/t) gold (Au), 346 g/t silver (Ag), 6.55% lead and 7.45% zinc over an average width of 0.33 metres (1 foot). Assays were based on 50 cuts separated by approximately 3 metres (10 feet) each, with the best cut grading 39.73 g/t Au, 618 g/t Ag, 7.25% lead and 6.39% zinc over an average width of 0.30 metres (1 foot).
The Escondida Vein lies within a vein system that is known to extend over 1,300 metres (4,265 feet) in length and 850 metres (2,790 feet) in depth, based on previous geological information. This vein was not included in the Company’s last NI 43-101 mineral resource estimate.
Michel Roy, Chairman and CEO stated; “We remain very encouraged that the Escondida Vein will continue to show tremendous continuity laterally and at depth, consistent with other veins in the Chicago system.”
The Escondida Vein is similar to the other veins found and identified in the Chicago area within a geological setting similar to the geology and mineralization of the extensive Santa Juana vein system, located within the adjacent Velardeña Property. The veins are polymetallic and rich in gold, silver, lead and zinc. The main difference between the Chicago and Santa Juana mines is that the Santa Juana veins strike NW-SE whereas the Chicago veins strike NE-SW.
Michel Roy, Chairman and CEO added; “The Chicago area continues to provide excellent evidence in the potential for ECU to add significantly to its current mineral resources.”
Cautionary Statements
Readers are cautioned that until a prefeasibility study is completed, there are no assurances these latest mineralized zones will be economically viable.
All widths are true widths. Samples were assayed at the ERSA laboratory in Torreón, Coahuila, Mexico which is currently in the process of being certified. Mr. Michel Roy, P. Geo., a “qualified person” within the meaning of NI 43-101, prepared the technical information disclosed in this news release.
About ECU Silver
ECU Silver Mining Inc. is focused on the exploration, development and mining of gold, silver and base metals at its Velardeña District Properties in Durango, Mexico. The Company holds a NI 43-101 compliant mineral resource of 40 million silver equivalent ounces in the measured and indicated category and 391 million silver equivalent ounces in the inferred category. The Company also owns two mills with a combined capacity of 820 tonnes per day. ECU's mission is to become a pre-eminent silver and gold producer through the development of its existing and potential mineral resources at Velardeña.

CONTACT INFORMATION:

Michel Roy Stephen Altmann Mark Butler
Chairman and CEO President Investor Relations
Torreón, Mexico Toronto, Canada Toronto, Canada
011 52 871 747 5750 (416) 366-2428 (905) 602-4248

Cautionary Statements
Readers are cautioned that there are no assurances that all or any part of ECU Silver’s mineral resource will be economically viable. Until a prefeasibility study is completed, there are no assurances the release of an updated mineral resource will be economically viable.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, the proposed construction of a mill, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company’s inability to obtain any necessary permits, consents or authorizations required for their activities, to produce minerals from their properties successfully or profitably, to continue their projected growth, to raise the necessary capital or to be fully able to implement their business strategies. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.
_________________
Its only a gambling problem if you are losing...

[harryd]

""Thanks Coach for your reply and explanation""...in the future, when I see an ECU post, and it is by club19, I will immediately go elsewhere on your site and to spend my time...I appreciate yours and others comments on your board...Thanks again...

harrdyd
_________________
Harry Lanpher

[coach247]

hi Harryd!

I am not a fan of Clubby but as long as he plays by the rules I see no reason to ban him. I think people are smart enough to gauge whether his comments have merit. Perhaps he helps to keep us honest here. And if we ban him, there is always the possibility that he shows up down the road to post under a different membership.

The only way to really put a stop to some of the issues with a public forum is to charge a fee. We do not want to do that, since it would stiffle the growth of the forum and perhaps we would lose many of the great people that make the threads worth reading.

cheers!
mike
_________________
Its only a gambling problem if you are losing...

[club19]

Gracz11

You are correct, investors in a comapny with 300 million in float should not be intimidated at all by a mere irrelevant poster who has different ideas about the viability of a company, especially when they firmly believe the contrary and that the company will make them rich.
All they have to do is ignore and pass on by especially when they see Club19 as the poater.

Nevertheless, the traffic is good , there are paying sponsors on this site, though ECU would rather see me go also.

I have spoken to Altman on several occasions when I was invested....the tide quickly turned for me by what was said and what actually transpired and a critic I became and turning from a long to a flipping trader of ECU.

Ignore is the best policy if so irked.

[gracz11]

I have problems understanding why clubby19 is costing so much controversy.
STOP reading his posts -IGNORE,it does not deserve anything else, do not waste your time.