Probably true. Not for any one reason I've seen discussed here in the last couple hundred posts... but, just because the markets suck... we're near all time highs on the major averages, again... and probably ready to fall, again. The risk of the economy falling off a cliff again is growing. Charting the market action since 2008 with an overlay from 1929... we're comparable to the early 1930's peaks... just getting ready to go into the jaws of the worst part of the depression, but with a vastly slower trajectory. We'll probably not be out this economic stew until 2021 on current trends, assuming no more SHTF events... but, probably not that lucky.
Strange things going on in the banking world are unsettling.
Europe is already in deflation, with little hope of pulling out of it quickly... and the risks in Europe are growing, rapidly, given ongoing Russian stupidity. China isn't imploding, now, exactly, but, they're not less risky than anyone else these days... and with a whole lot of masked risks that could pop up suddenly and generate big surprises... if they've been fluffing the numbers...
The only good news in the markets is in the U.S., due to a combination of growing domestic oil production and lower prices from OPEC (Saudi) defense of market share, giving consumers a brief reprieve, at least, that might allow the U.S. economy to avoid some headwinds and drift for a while without the growing pressures Europe or Japan have... Pundits are saying oil might stay low for two years or more... Pundits also think lower oil contributes to deflation and might even accelerate the entry into a worse deflationary cycle problem. But, then, a period of drift without fixing anything... doesn't help anything much if and when prices start rising, again...
Entering global deflation from QE driven market highs... doesn't sound like a recipe for improving resource stock market valuations, to me. But, then, I'm an optimist... :O)
Pair up an already grim market situation that has people wondering if the TSX.V will survive... with the growing risks of further economic pain ahead, and likely "market turmoil"... very long time horizons for anything good to happen, near zero certainty on anything good, inevitability in some things tied to a burn rate and dilution risks, with a set of knowns including a company management who are serial failures, with no obvious capacity to deliver or perform, no track record of success in any mining venture, zero spending discipline, and who are known to be lying to you about stuff, or, at least, are known to be not at all forthcoming about the situation they've put you in... while the company is burning through its remaining cash like it doesn't matter ?
What's to not like ?
Probably the only good news for Copper Fox holders... is, as others have pointed out, Copper Fox has imploded relatively less than others have... so, if you time a market bottom well, perhaps you can still convert Copper Fox holdings to holdings of other things that have fallen more and perhaps still gain a relative increase in value on the conversion... if not a real increase in the price of holdings... or, at least you might avoid the remaining correction to market reality that it seems is necessary here to price Copper Fox as a peer group comparable...
My guess is others are undervaluing the impact of the dam rupture. I don't think anyone in B.C. is going to be hurrying along wanting to be first to stick their heads up with an announcement... particularly in this market... so, the EA activity and decision making is probably going to slide for quite a while, probably until changes in the market dynamic occur, directing people's focus elsewhere, which might then make it worth even considering...
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