There came the expected announcement, Atna put into practice its main projects Pinson on partially

Describes my current investments primarily in Canadian resource companies. The goal is to mainly through our own research, own calculations, studies and company visits describe interesting companies. From time to time supplemented with interesting quotes from other sources. Everything below are my own opinions / interpretations and should not be construed as buy / sell recommendations. Read on yourself, make your own decisions, take responsibility.
There came the expected announcement, Atna put into practice its main projects Pinson on partially Care and Maintenance which is closing down light. Sub 1400 usd gold a few weeks was what was needed to crack them. Atna Resources Ltd. ("Atna" or the "Company") (TSX: ATN / OTCQB: ATNAF) advises That, Effective working person s store Immediately, It Is Reducing the pace of underground mining operations at its Pinson gold mine located near Winnemucca, Nevada. In Consideration of the current gold market, operations working person s store at the mine are being temporarily downsized to focus on mining working person s store Developed working person s store Reserves, While Maintaining core personnel and contractors. The immediate goal of this Decision is to produce Sufficient gold sales to support operations, maintain underground infrastructure, while the mine plan is being re-engineered to Reduce overall cost structures. All aspects of the current mining methods employed at Pinson, combinedwith Existing Third Party mining, transportation and processing contracts, Will Be reviewed During this evaluation. As a result of this Decision, previous production guidance at the Pinson working person s store Mine ice with drawn. Full release I have several times here on the blog pointed out the weaknesses of Atna to warn. After last report got it, all that basic able to read a balance sheet also hindsight it which I wrote about when the article and the comments under the article. If we look at Atna now I would like to point out to readers that this is the archetypal example of that lower price does not always mean cheaper ... As I mentioned earlier, so my guess is that Sprott is a lender to overleveraged Atna and hope to start getting mortgage payments in the fall .... that they will lose money. Note that it was not at all a long time ago comments from other writers dealt with how many million USD per month Atna got over and let me assure you that it is not 100 usd gold price is the change (that is 100 usd gold down means that it is no longer possible to withdraw money to cover losses) .... It's like I said important than ever to be able to read and draw conclusions from the balance sheet and income statements for there are many, many companies out there now that are ticking time bombs, by that I mean that they monthly burn, say 15-20% of the remaining cash without the possibility of PP. What you need to do is figure out the historic burn rate / month, compared to the cashier and if this factor is unfavorable to ask you about something has drastically changed for the better. If you by in this simple way manage to "stress test" of your company so you can fairly working person s store easily avoid to turn a loss into a big loss. That is, with some basic accounting terms, working person s store thinking you could easily realize that Atna in a market for gold where sentiment became worse just became a countdown to zero where the money would run out unless a) the price of gold rose steeply b) PP was done (and understand that a & b is linked ie if the gold price rises to clear chance to sensible PP). We will see much more of this unless the gold price quickly jumps up to say 1600, and I say it to again point out that the lower share price generally not then mean that it is cheaper without the ability to finance itself externally is about to close. In the case Atna this is perhaps their best chance of Sprott working person s store at risk of losing their loans if they do not help uttering a PP. The price on that case would probably not think about ... On a completely different topic: Stumbled across a link when I googled a company called Atico Mining, gold / copper / silver in Colombia. Initiating working person s store coverage from Stonecap Some spectacular working person s store drilling results working person s store in the enterprise and large parts of Fortuna Silver gang. According working person s store to the wishes of the comments, "stress test" of Lydian: The idea behind this is that show how quickly and easily you can obtain an idea of the financial health of a company in the mining sector, eg by looking at the main balance sheet. The very idea is for it to be superficial, uncomplicated and quickly made when that investors ongoing need to monitor large number of companies. 1. Take out the website: http://www.lydianinternational.co.uk/ 2. Locate the Financial Statements & reports available. working person s store Usually under the "Investor" etc but can be on the other ställen.Ta presented its latest quarterly report (typically ... beneath contempt Lydian ... they do not have the latest on the website what I can see, only to Q4 2012) there is usually this on the websites and I'm working person s store pretty sure that by having to go to www.SEDAR.com losing many readers want to "follow" but