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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: E. Charters who wrote (12089)5/26/2006 1:36:13 PM
From: jackjc  Read Replies (3) | Respond to of 78409
 
Both Meade of YZC and Merlin Bingham of MMGG have future
supply/demand and mine starts/closing data on the co sites.

Majors are reluctant to spend heavy on a mine start which will
hurt the bottom line for several yrs before payback starts.
This hurts the stock making them vulnerable to takeover.

Better to make hay on the gravytrain, and maybe buy another
producer with the high stock.

Now this latest worsening in several countries of the needed
long term gov stability which the co needs to bank on before
committing big bucks.

With asia demand, adding up to a perfect storm for jrs with
economic deposits in stable loc and through fease or close.