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

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To: marcos who wrote (44389)7/9/2007 3:16:32 PM
From: teevee  Read Replies (1) of 78419
 
While on the face of things it is sort of understandable how geos and mining types could imagine the juniors game to be about geology and mining, in real-life on-the-ground actual reality it is about financing and promo cycles, about the whims of Ms Market and about trying to avoid Her when She has PMS* ... yes there have to be rocks out there somewhere, but we take that on faith, and with perfect confidence too, as we've all seen rocks, there are plenty of them, no problem ... what we actually do here is buy and sell shares, or warrants as the case may be, the latter may provide an even better example of how paper covers rock, so there

Another driver to the cyclicity is the fact that not only can hundreds or thousands of new junior resource companies can be created, but old and new companies issue shares until all demand for paper is sated.......then the inevitable drop in liquidity and share prices, followed by consolidation and delistings comes along.....I think we are on the cusp now, bwtfdik?
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