to be eaten alive financially by liars and thieves and con men..........
The sector as a whole needs de-lousing....
The Romans used to put a christian in a burlap bag, tie him up inside it, and then throw in a large bird of prey, a large snake and leopard, tie the whole bundle up, and roll it into a fast moving river. What a way to go, but not the worst way. The worst way is to get lost in the amazon jungle. You can have all sorts of knives or guns with you, but they will not help you at night. As night begins to fall they come from everywhere, Insects, the ground seems like it is a moving carpet. There are more insects per square acre in the deep amazon than than in 500 square acres of the thickest forest of the continental united states, a staggering thought. And they sting you and then eat you alive, slowly in the blackness. A piece of sugary human cake. They smell you from a hundred yards away and you cannot keep them off you as the little poisons seep in while you try to scratch them away.
I have these thoughts when I think of in any way investing in the mining sector: To be clawed and strangled and bitten and pecked to death in a sack in a raging river, or to be slowly stung and bitten to death with a thousand small killers crawling all over you in the blackness of night? To meet your Maker quickly and violently, or to go agonizingly slow. It really is so much worse than Mark Twain's famous expression about a mine being a hole with a liar on top. Look at this den of thieves as a small sample: Colossus Minerals, see the chart, the top new mine in Brazil, or how about Pretium Resources, see chart, the top new deposit in north america, with Liars and Crooks at the helm, or look at Lenic's Carnival here, where he looks you right in the eye and tells the lies over and over again, in the tradition of Himmler or Geobbels, the Minister of Propaganda. "....You Senior' there in the back, step right up, let me introduce myself, my name is Senior' Lenic, at Aurcana we will soon be a Senior Silver Producer....."
Or how about this one, Golden Minerals, David's latest haunt, see its chart, from 30 bucks to 50 cents, which builds a mine that issues a product nobody can afford to buy, and the company cannot afford to build: like building a toyota camry and having to price it at 65 grand per vehicle, Good luck with that.
And if this isn't enough, the much more crooked, if possible, governments all trying to get their beaks wet, and now Lenic's Mothership of motherships, the honest country of Mexico jumping in for a helping handful.
What a way to go.