Close your eyes and think of England ... see if that helps -g- ... the complete lack of approval by society at large, the mind-numbing tedium - oh yeah i know the feeling ... there are mild warm fuzzies generated though, by seeing it close at double the level of my last buy on the US side, and the way the chart looks, combined with overall sector situation, i'd expect a buy here to produce the same effect in due course
Is there a viable deposit at Sierra Mojada? ... are the locals receptive still to mining? ... do we have adequate management? ... will metals ever come back? ... i dunno for sure, but tend to think probably yes, eventually, on all counts, so it's not a sell for sure ... bought a little yes, but very very little so far, need clear signs to spend much
dmm.to - bought a lot more of this one, it's comparable in a couple of ways - their locals heartily approve of mining as a job creator, and management is not particularly promotional ... as in, not promotional at all ... and they've had issues, bad luck with water from old workings, been slow to develop declines and open up production faces, they may have gone somewhat overboard on the job creation as well imho, and put not enough attention to efficiency ... so there's a serious whack of assets going quite cheap at this point, lots to like about it, including an aversion to dilution on the part of management, who hold a healthy slice of it ... anyway they report their FY15 this week, and it's what i added bits of the last few days ... reason it comes to mind here, is that i associate the two together, for the above two factors and two more - they have quality assets of major size, and the stock has been very very trying of the patience for several years, after quite buoyant times previously |
