That was a general comment on leverage, not pointed so hard at Northgate ... and it's true - if you have a lot of low-grade you have huge leverage, and if you're a PoG bull of whatever timeframe, you tend to like leverage, so it wasn't a snotty comment, just had a standard cautionary trailer which is never imho out of place .... i haven't gotten around to looking very deep into ngx, but will, sure like the look of it here - stockcharts.com
... plus i have learned to listen when you mention something [imn!-g-]
Wheaton - what are they going to do with that, turn it into a mini-Franco royalty/holding play? ... heavy-duty people on board ... and see how they sold a quarter of their Kinross but took 800k sea.v for a project ... Seabridge is set up as a high-leverage holding vehicle itself ..... as for Kinross, i have nominal shares only at this point, traded it in and out for years, not always brilliantly, but got house-money shares and net cash in hand now ... like fn.to i just play with it based on stockcharts' gallery page, doing this satisfies the impulse to play with the little buy/sell buttons, which works better on the liquid than on the penny keepers/position plays |
