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


To: loantech who wrote (53747)12/4/2007 10:18:34 PM
From: E. Charters  Read Replies (1) | Respond to of 78422
 
Oh. That is a mine too. Not the mine you thought, but a mine. But it is not mine. That is no never mined.

BG ( a different matter) was a mine. Long ago. It has the grade to be a mine, and co-incidentally is about 4 miles from 7 former mines. That is a good sign. Being on strike with a whole bunch of other mines. Almost too easy. And 35 miles from a 55 million dollar bought deal. Obviously a weak market play. Forget about it. Galore Creek is better. Real strength in that feasibility stuff. If you knew which way they were going and it was a junior company doing the fease. Do majors eff up feases on purpose? Inco? Casa Berardi? No way! Teck would not do that. They are honest. Honest. They only stole 3 mines so far. Not another one. Shades of Ancaconda and Phelps Dodge. Not again. On the other hand perfidy is only a theory, usually stupidity wins the paranoia stakes. Maybe it is the mine that is stupid not the people doing the fease. Maybe. But suspecting piracy first in the mining business is usually safe.

For a successful IPO you have to have directors who all know what they are doing at once as if they had a single mind. And 100 people who are friends of the directors who want to buy stock. No way the broker is going to supply them and no way you want him to. If you really had done it before all the way to fease and thought about it. Do you want to deal with friends or strangers? And you need a broker who gives a shit about management and the deal. hmmmmmmmm... that would be a stretch on the TSXV. Perhaps there will be one, but several several people have to get off their collective asses and get their brains into third gear. Today. At least. As far as I know the lights on the tree went green a while back and they are still fiddling with the gauges and have not consulted the pit crew since last shrove tuesday. (sigh). But don't panic. Where there is a 100 million dollars or ten there is a way. Greed is necessary but the right kind of greed. We need intelligent thoughtful greed. Being totally selfish means making the right deal with the right people at the right time. You have to die smart if you want to die rich.

Not that I am criticizing. I just read the newspapers and that is what they say. Last time a play lasted the 2 years that it seems to take an IPO in some circles, King Tut choked on an avocado and became a gold statue.

When you consider that a mine is not a mine unless you can mine a billion dollars worth of metal from it, on the average, it does not surprise me that there is a little bit of intrigue here and there. All the crooks come out when they get going. Generally that means you need a 100 million to start one. If you can do it for 10 million it is a good advantage but few people would believe that. For a while therefore we are safe.

Damn few seem to want to bet on them from the get go. Strange. you would think all kinds of people would want to buy the really cheap stock instead of the four dollar stuff. Strange. The broker you have the broker you get.

EC<:-}