PBM-- I had some trades go thru on the buy @1 15/16, some @1 31/32.
Maybe a writedown is coming, or this is just tax selling. I really don't understand the market anymore, but I will always look at buying some idiot's panic sell loss, especially when he sells at less than cash on hand. I guess that means we get all the mines, eqipment, work in progress, the NNO stock, etc., for free. Oh, and the $448 gold hedges! For free also. Future value, big time.
This is when Sir John Templeton taught me to buy-- On maximum pessimism, blood in the streets. If we are not there yet, I think we are close enough to start buying. |
