they are what they are...it is just a message board rant...from a slow learner...who
needs to adjust his actions to fit the reality of CDE...not attempt to get CDE to adjust
its game plan...which by the way, is perfectly reasonable for everyone else except
a few old fashioned *arts...like...
geo-are you saying that orko was overpriced and ,a bad buy or borrowing to buy during sector downtrend a mistake-so is the bit more cde paid make orko a hole to pore money in- first majestic was diluting to buy this is that the preferable way to buy rather than borrowed cash and fewer shares-explain what first majestic did except walk away and recieve a break up fee -
some day...some day before the decade is gone...I expect the cycle to shift
where precious metals do NOT act as a store of wealth...and where their
price declines relative to other sources or stores of wealth...
the share prices of higher grade miners with low debt and low debt service
should not decline as severely as those with solid finances...IMO...
CDE continues to build out its future with the straight line assumption that
precious metal prices will continue to escalate...making reserves in the
ground more valuable continuously...IF this expansion suddenly seems
to be ending, CDE with its sunken capital as carried debt cannot suddenly
sell those reserve ounces...but you and I can if we already have them
free and clear and have the same forward perspecuity...
NO, I do not appreciate the idea that one should buy gold and silver on
margin, which is most similar to what I believe CDE has as an operating
philosophy...which is a dangerous form of speculation...
Orko's deposit should be a strongly viable development, IMO...however,
the return on its mining will come in a few years after more money is
spent to make it into a mine...when CDE has not yet demonstrated to
my satisfaction that it intends to grow its share price by doing something
that might counter the perception that many (including I) have that the
company only exists to enlarge the wealth of those who lend it money,
its managers and employees, and the communities in which it operates...
all of which is GOOD...but it does NOT give the feeling that it also operates
to the benefit of any long term, old fashioned shareholders...traders, fine...
then the negative and positive hypes here make sense...to those who
wish to trade and pretend that this is capitalism in the old fashioned
sense of the word...because in my mind, it surely isn't...
He said he did a portfolio adjustment the other day in hopes that it wasn't a terrible head fake and said to due diligence and hold to it at least for that day. Sounds like he just got stopped out of CDE because it didn't go his way right away.