Frank, I bow to your wisdom, admitting I have toyed and thought better in the past of buying a company in
part on the basis of its value to a purchaser. Live and learn. As Slider is so fond and wont to repeat this
is (oil, that is) a cyclical sector and AOG (AEC up where you are) does not look as attractive as it did
a while back. Anyway I am out, your advice clanging my head like a good hit on a gong, putting the proceeds
immediately into more of gold sector. I do wonder why Franco has not gone up farther, expecting the
answer may be due to uncertainty of outcome of NEM's bid, as well as forseeable future price of NEM stock. And then it is not cheap either. Noticed Moody's (or is it S&P?) has downgraded NEM debt but then those folks always seem to think within a box that ignores the rocky shoals this market is sailing through. Thanks for the bang on the head, and no, though I have looked at RAX, I have also followed with interest the comments/fates/fortunes of those on this thread who were long Tesco. One burned, thrice shy.
Slightly OT I wonder if anyone on this thread has subscribed to Richard Mayberry's service,
Chaostan.com. He had some very prescient views that have in some measure come to pass and I look back (don't we all wish we could exercice those hindsight inclinations?) to buy Murphy Oil when it was a lot lower. He has an almost sordid view of the future of our world and even makes the likes of Tice seem mild. He allegedly
has a background in international intelligence but it occurs to me if he were really spilling rotten beans our government would shut him down. Anybody have any further insight?
Once again, Frank, merci
Jim Black
BTW, are you one of those Canadians who don't like speaking French and want to join the US? DOn't answer that, please. It was meant as a good-natured jest to one of our greatest friends north of the border on this thread. |
