So I was on Kaiser blowfish's website today to read the recently released Lithic write-up. For those of you that don't know, Kaiser will release his reports to the unpaying public three months after the original release date. This is intended to attract all the cheap skates who would prefer not to pay $250 every three months for reports on stocks that decline 50% in price after the report is released. It is admirable that Kaiser does this, especially considering that it leaves him pretty exposed. Basically, it gives people a direct reference to his comments and analysis three months back and allows investors to trash his stupidity in light of recent events. The man can't stop touting the "wall of worry," which in fact is not worry at all, but a REAL worldwide recession. He is going to ride that "wall of worry" all the way to the poor house, or maybe a male whorehouse. Essentially, his basis for the sustaining bull market or "super cycle" has been proven incorrect, or at the very least, is being proven incorrect each day. His website and services are now obsolete and are actually much more damaging then helpful. It is sort of like buying cough medicine for gangrene - sure it is a "treatment" but your dick will still fall off.
I suspect we will see a sharp decline in websites and website subscriptions related to junior exploration. It is an extremely shitty sub-sector, within a crappy sector, within a diarrhea filled economy. I mean, are people really paying hundreds of dollars a year, STILL - when these companies are falling 5% a day. Greg McCock, the Cockstuffin' brothers, and the rest of the "gang" took advantage of the greed of so many junior exploration investing morons. They will have some cash in their bank accounts at least, provided they didn't blow it all on Mexican gold plays, zinc upstarts, and cheap male hookers.
Anyhow, low and behold, it says the Kaiser Lithic report is to be released August 13th, and here we are on August 14th, and it still asks for a fucking password. I am curious what was said about Lithic - has Kaiser conceded defeat yet. I spent an hour today reading his old material on Lithic, and the man actually thought that a $2-$12 "FULL SPEC VALUE" was in the cards, based on the "blue sky" potential. For those of you that don't know "FULL SPEC VALUE" is synonymous with "suck stupid assholes into reading my dogshit reports so they can get massive hard-ons and buy a subscription."
By the way, Lithic will never see 30 cents again. Ever. Frankie sold at 20 cents - what does that tell you? That things are good?
At 75 cents for zinc, Crypto has no hope of being economic - it wasn't likely economic at $1. So, who the fuck will ever want this barren moose pasture? They should hold a rock concert or a "base metal" geologist gang bang out there - because there certainly won't be any mining taking place. Then, we have to await the inevitable private placement, if in fact they decide to continue drilling the property at all. The most they can place it for is probably 15 cents (if we are so lucky) - so to get $5 million for a drilling program, they will need to issue like 30 million shares. YIPPEE! My slice of the pie just got cut in half - I will then have half the ownership stake in a smelly, greasy company with staking claims in "Asshole Wart, Utah." The beauty of this is that there really isn't an exit strategy for people who hold a lot of shares - other than taking a long, rough one in the keister. This isn't dead money - this is perpetually dying money.
And to top it all off, already being in a bad market, we are almost surely going to see bad news very soon. I expect results out sometime before November 2014, and when we get them, I expect two dusters and one average hole. We have been waiting until management got one hole back with ok results, so the other two could be combined with it. This prevents Flannigan from trying to brush his teeth with a hunting rifle.
All in all, this is a very dismal scenario - and although I think I am the last remaining poster here, aside from wilyhunt (who is certainly deranged) and Pianoman1997 (who probably has written this company off and comes back for laughs) and Flannigan (who is probably engraving River Street Capital onto his tombstone) - I still would like to hear other people's comments. I am just curious......... |
