see my post #35623 re slw. even a broken clock......
I attended the hard assets conference yesterday in NYC for the third year in a row. Spoke to the former CEO of Detour Gold, a lovely lady, who is still a large shareholder in it as well as continuing her role as CEO of pelangio exploration, saw the folks at strathmore, a uranium company trying to get into production, they think it will be another 4 years before they get into production. Saw the business development guy at ATUSF. He said that a year ago he had thought he would be able to deploy the cash to make some more acquisitions but the market turned around so fast, they didnt see anything they wanted to commit to. He told me that they were big time involved in getting IRC sold. I thanked him for it. I also spoke to a geologist from AXU, she seemed pretty happy about the way thing are going there. also saw a group of companies that aab.to invests in side by side in one area. I guess they all share various corporate expenses. It was an interesting group of investment , 3 of whom were presenting the next day but I chose not to stay. It seems to me that the jr. developers are far from being a bubble looking at the number and type of people who attended.Only the presentations of James Dines and Rick Rule were packed. They were both entertaining. A lot of Mr. Rule's talk I saw previously on the internet. He is a very sharp guy.
The common theme of the presenters that were not representing specific companies was that developing countries have both the gdp growth and the increasing middle class, hence there will be increased demand for commodities over time. The gold supporters talked about gold being a store of value for thousands of years for whatever reason, the inability to print more of it, an assumption that we are at peak gold, and that countries like china and india were underweight gold in their reserves relative to other countries and were likely to increase those reserves.
Also heard some of presentation by one of the manager from GROW. He likes Silver Wheaton too. |
