Many are the successful mines that were previously dropped by some major, at some point, for some reason du jour, EC has an impressive list of these ... shrewdness of that decision by Peñoles remains to be seen, you'd have to know what their balance sheet looked like at the time [probably cash-strapped considering date], and what they planned to do otherwise that would have gone to the cash call of the Sierra Mojada JV ... the second biggest reason i don't do majors is that while originally founded by miners of an engineering bent, they tend to be run now by bean-counters with shorter-term outlooks, the next quarter, or the next fiscal year at the outside ... biggest reason of course, is the degree to which they are already bid way up, priced for near-perfection with little allowance for screw-ups and/or adverse market conditions
Naica - yes heard of it, never saw those pictures before ... wow
Hold down alt button while putting 164 into numberpad - doesn't this give ñ on all computers? ... hmm, thought it did ... one could always google up correct spelling, then copy/paste it
Double/triple ETFs - don't like them, except perhaps from the short side [which i don't do, yet] ... there's daily friction from their in/out adjustments, on tops of fees etc, they're designed really to perform from one day to another, maybe good trading vehicles for those familiar with them but i greatly prefer shares of juniors, which at the right price can be tucked away and ignored while proceeding with real life
ric.to - actually i sold a tiny bit of Richmont friday, to help pay for stp.v in one account ... like it a lot, got good position 2.10ish, have no opinion on short-term prospects, although it does have an open gap 2.89ish [from memory] ... another of Claude's picks, dmm.to, has a financing closing 19feb, i offed some in the 4.20s and would like to replace them before too long ... had to pay off on a bet that it would close its gap to 6.00 before Robbie Burns' day, aaargh, lol
Henry Groppe says oil doubles within the year, that would be interesting ... this may or may not turn out to be a long depression, either way it will have exciting times within the larger cycle ... we burn up every 24hrs enough petroleum to fill a cube 750ft on a side
Eighth of february - anniversary of the day Time as we know it began - en.wikipedia.org
... didn't know he was born in Kirkcaldy, that makes three notables, together with Adam Smith who wrote Wealth of Nations, and Golden Brown who sold over half the Bank of England gold at the very bottom then was elevated to PM [?! - what] |
