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  • tomg86402 tomg86402 Jan 11, 2012 2:44 PM Flag

    Interesting post from the SLW board

    As an owner of GORO, SLW and EXK, I am very pleased that EXK, which is debt free and already has over 100 million in the bank has decided to hold gold and silver instead of more dollars. They may take a hit on earnings from those that are not informed about the large amount of silver and gold they are holding instead of selling at what they consider to be low prices. If more minors refused to sell at depressed prices the paper silver scam would come to an end. JMHO

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    • Thanks for the post, Fruit. Good move on EXK's part. GORO began this process a few months ago, prior to Sprott's article. They have begun accumulating gold and silver in the treasury as a precursor to their dividend-in-kind program.

      Seems like GORO management is ahead of the game on many fronts. They have the cash, so why sell the PM's at a lower price now, if they can hold for higher prices later. Fiat currenc is only going to get more watered down anyway.

      Amadeus

 
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