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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (11209)5/20/2003 3:39:13 PM
From: Canuck Dave  Read Replies (2) | Respond to of 39344
 
Those difficulties also create opportunities.

We live for the trades which return 100-1000%. The only ones in that category for me lately (well, not LATELY) have been just those issues you mention.

How many US or Canadian investors were even remotely aware of BAY or SWG (or misplayed them, LOL!)? If these things ever get on the radar, it could be quite a ride.

CD



To: russwinter who wrote (11209)5/20/2003 3:41:45 PM
From: re3  Read Replies (1) | Respond to of 39344
 
<<<Canadian investors are too risk adverse.

they were not this way in past junior gold share speculative bubbles...the Bre-X era was only one of a few different times where good money was tossed at the good and the not so good...



To: russwinter who wrote (11209)5/20/2003 4:13:38 PM
From: marcos  Respond to of 39344
 
There is plenty of regulatory protection in the g.w.n. ... 43-101 and all that, it's stiff and it's good ... plenty of exchange standards as well - the bay street bozos have not slackened listing standards, it's just their money-grubbing in things like hiding that excellent market depth of the cdnx ... fantastically stupid though that was, it does not reflect on quality of companies listed

No way would i touch a play on the pinks/otc-bb ... by the time they get to Amex [hey there's a Glen Campbell rip-off in there somewhere], they're success stories already, to large degree, they've already got considerable financing in hand, and/or in the pipeline ... that's how they got there

I'm not missing the point at all russ, i'm disagreeing -g- ... the 'churn and burn' is the traditional manner of venture finance, especially in resource juniors - basically, insiders print themselves paper, do something of a project, release news on it around the end of the lockup period, get some of the paper off at a profit in the ensuing interest, and then print themselves more ..... 'twas always thus, and it works - look how the Enrons and Worldcoms emulated it -g- .... how the hell else are you going to fund projects? .... sure you look for 'strong hands', sure .... well, where are they, then

Eight or ten years ago Toronto was the world capital of mining finance, with Vancouver something of a suburb to it .... things worked the same way then ..... so what has changed? - attitudes of punters .... it's been a long hard bear, we've all learned to sell early and often .... both sides of the border, it's not just canucks

You make some good points but i think you're missing that the surge in interest just hasn't happened yet .... should it matter all that much that US houses fail to treat canuck issues as competently as they do the 'domestic' ones - i don't think so ..... if it's any consolation, canuck houses are not that great on either side of the line, lol .... i think it's purely a matter of supply and demand - new money has not yet entered the sector in sufficient quantity to sop up the demand for it as project financing .... not a nationalistic thing at all, rather an industry thing .... it's possible there is an overall pervasive xenophobia growing in the US during this time of neocon rule, maybe that's a factor, sure .... but not to great extent imho, folks are not that stupid at core .... basically it is a matter of the supply of new equity overtaking the demand for the paper, imho, and at some point that will change .... 365 didn't change it, maybe 375 will .... lol, the better answer is 'i dunno' .... but it's not a thing of nations - i mean how can the economics of a play be improved merely by moving its listing south of a line? ... doesn't make sense .... cheers