Ask a banker if they want to own your house? BAM only needs to keep this up for a couple more years at 20% before it makes 100% of its money back in cash. Owning all of the palladium in the ground after shutting down the whole operation overnight is just a bonus.
That being said, BAM wants PAL to succeed, cause being a loan shark is a lot more profitable.
I could have made him a lot more than 18%. Cramer should have checked with me too. I probably wouldn't have taken Jim's call though. He gets up way too early. Say what you want about earth, at least he knows how to make money. I gotta give him that.
You have hit the nail on the head. But you draw the wrong conclusion. You know why miners don't extract gold from seawater? Because you can't make money on it.
This trade is ALL about financing. BAM is treating PAL like a crack addict. Where do you thing i came up with 37 cents?
$160M is needed on a company worth $100M. That dillution alone does not factor in the false hope that PAL is going to extract the highes grade ore ever? At the highest price for palladium? And absolutely nothing will go wrong during production. EVER?
That being said, I still think there is an opportunity for me to make suck 10-25k out of new "investors" in the next 6 months.
You should be spendng your time working at macdonalds to raise cash.
you coud have made $100 bucks today and not put us to sleep with your pathetic trades.
I am not trying to discourage you, but you are wasting valuable time in your life. And besides, your trading strategy needs a little fine tuning.
I am pretty sure the time to buy BAC was when buffett openly invited you over a year ago around $5. NOW you think it might be a good idea?
This is a test to see if we are paying attention isn't it?
p.s. long term ALU is a disaster. Nokia will be picking out pieces next spring at the garage sale.
I don't enjoy the suffering of others. Nor do i have pity for self inflicted injuries. If you would like to blame me for your lousy decisions, go ahead, if it makes you feel better.
I have been raising red flags since the $2's. So perhaps a mirror is in order.
Even over the past week, i have practically demanded you get out. But did you even CONSIDER what I was telling you?
No. You did not. Who is the AH now?
Expect it to resurface after the MS deal closes. If NOK has learned anything, they may pay Elop $25M to run ALU on the weekends.
Not game over yet. This is the plan. Keep the game going for as long as possible.
Of course more financing is needed. That is the way ponzi schemes work.
Does a company that operates at a loss have any hope of repaying bone crushing loan shark rates???
NO. No it doesn't.
Hope is not an investment strategey
The shaft isn't operating on anything but crossed fingers. Only the shareholders are getting the shaft. Way to lock in 20% to pay for the privilege of owning a loser.
The real problem is, at these levels, the required dllution is incalculable.
I'll stick with my .37 safe zone. But even that is a risky bet.
Hence the dump. It's a lose/lose scenario. Ride it down.