Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: heinz44	4/18/2007 4:27:44 PM
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Better send this to Mr. Oliphant so he doesnt go nuts again!! Dear Monty, I took a lot of flak on the dangers of derivatives. I am sure that the junior company executives I spoke to at the Amex conference last week will pay no attention whatsoever to me. They wouldn’t dare tell their stockholders that the percentage deal they made, reported to earn a huge gross between cash costs of mining and gold price revenue, will not drop one net penny to their bottom line. This is more so for the property because of their inherent responsibility, having subordinated the percent of their property to the development loan with an imbedded short of gold derivative puts them in harms way of reverting the property percentage they have to 100% of their operator. Dilution to 10% of profit by the major means you get ZERO for your efforts. I respectfully accept your kind words as this one has cost me time, money and ridicule. Now we have the Lahir and Ashanti case studies for dilution of the stockholder - big time. Wait until a junior loses their property to a major unable to meet a cash demand on a deep in the red, short of gold, over the counter derivative imbedded in a development non recourse loan, and then all hell will break loose. This is for real even if no one else in the business wishes to consider it. There is no question or doubt about it. Your pal, Jim

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