Agree 100%; LetWIn ( or LetLose as you call him) is an Anti-Midas; everything he touches turns to Ka_Ka. He is the root casue; if that cahs was around he could have picked up a high quality miner on the cheap. Nee investors on this board may have no idea what we are talking about. Ignorance is BLISS.
Thanks for your advice; just sold after hours and received only $3.65 per share--huge loss !
Will buy back at $3 in future,
Another link from yahoo quotes showing Weiss company has sold all it shares during the period when the editor Edelsen of their flagship Precious Metals publication, Real Wealth Report, has been recommending SA ( month after month over the last three months) as one of two best precious metal stock recommendations. Where is the SEC when you need them ?
For ACI ( and ANR and BTU ) to turn around, capacity must keep getting recduced.
One more bankruptcy will do the job. Question is which company will be stuck when the music stops?
JRCC (most likely)? ACI ? ANR ? ( probably NOT BTU)
From Yahoo. Weiss Asset Mgmt Stock Postion at End of
March : Weiss Asset Management LP 2,022,491 4.44 27,910,375 Mar 31, 2013
Jun: Weiss Asset Management LP 1,407,428 3.09 13,272,046 Jun 30, 2013
Weiss unloaded a ton of stock while the Editor of their flagship publication: Money and Markets recommended SA as one of two Gold stocks to own a couple of months ago ( when it was over $12) ?
Bad Idea. This American CEO ( Letwin ) of this once promising Canadian company, has a big spending habit; he will burn up the cash; the cash balance has dropped from over $1.5Billion when I first got into this stock down now to under $500Million
This stock was recommended to it susbcribers,, a few months ago, by Real Wealth Report which is owned by Weiss Research. if you look up Major Holders in Yahoo Quote section, you will see that Weiss Compnay is a major holder. Since that recommendation was made you will notice there has been a steep reduction in the shares owned by Weiss. I assume you are smart enough to add 2 and 2. ?
SA is not a producing company; it makes holes in the ground and holes do NOT geenrate revenu.
For supervising these holes look at the salary earned by management....I rest my casw
Mr. Rudi P. Fronk , 54
Chairman and Chief Exec. Officer 764.00K 0.00
Mr. Jay S. Layman , 53
Pres, Chief Operating Officer and Director 1.15M 0.00
Mr. Christopher Justin Reynolds CGA, 49
Chief Financial Officer and VP of Fin. 356.00K 0.00
Mr. William E. Threlkeld P.Geo., 58
Sr. VP of Exploration 382.00K 0.00
Mr. C. Bruce Scott , 47
VP of Corp. Affairs and Corp. Sec. 365.00K 0.00