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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: RJA_ who wrote (76172)	7/9/2011 2:35:54 PM
From: carranza2	Read Replies (2) \| Respond to of 218050

Hard to do. I am in NGD since it was a puppy. It is now a full grown teenager, amassing piles of cash. But it needs it for operations and capex. As it is debt-free, that doesn't bother me. When it is generating revenue far in excess of capex needs, it will (I assume) pay dividends. At that time, it will become a full grown dog with a share price to match. It seems the well-run gold miners follow a similar pattern. I am looking to slowly get rid of shares in the high teens, 20s, keep some for posterity, assuming things go reasonably well. If gold goes ballistic, expectations may change. A gold mania at some point similar to dot.bomb mania is in the cards. If it happens, it will then be time to sell gold and miners because everything that goes up a lot very quickly seems to always crash. The thing about miners one should never forget is that their deal in depleting assets. Thus, they have to keep lots of cash on hand for acquisitions and exploration. If they don't keep finding new sources, they die. This may be why dividends are rare.