By Liezel Hill
POSTED: 09/21/2013 12:01:00 AM MDT | UPDATED: ABOUT 8 HOURS AGO
The Denver Gold Forum, the industry gathering that usually sees attendance drop when gold prices fall, is drawing more investors seeking value in battered equities this year.
Attendance at next week's event at the Hyatt Regency Hotel at the Colorado Convention Center, probably will match or exceed last year's record even though gold is down, said Tim Wood, executive director of the Denver Gold Group, which organizes the invitation-only conference. The event, which also brings together mining executives, analysts and brokers, has received increasing interest from value investors who traditionally haven't had exposure to gold equities, he said.
Miners including Barrick Gold Corp. and Greenwood Village-based Newmont Mining Corp., the two largest by output, have announced at least $26 billion of writedowns since July and are cutting spending plans after the steepest price drop in three decades. That has weighed on the 30-company Philadelphia Stock Exchange Gold and Silver Index, which has dropped 46 percent since Sept. 12, 2012, the final day of last year's gold forum.
"Obviously, there are a lot of people that are hurting, but at the same time it seems to have attracted this new segment in the buy side, and we are getting bigger numbers there," Wood said.
Where is it going to come from?
1. Credit line loan
2. Private placement
3. Stock dilution
4. Front money investment from a joint venture partner on Madsen
Claude Resources had three assets - Amisk; Madsen & Seabee.
When Meatloaf sang his song - Two Out of Three Ain't Bad.
The audience went wild.
Just then, an old wizard who was sitting in the cheap seats waived his magic wand and said - "So be it."
there isn't much point for Claude to attend the John Tumazos Very Independent Research Metals and Mining Conference in New York they had scheduled for Oct 16.
Checking in just to tell us you've checked out.
This message board is like the Hotel California.
You can check out anytime you want but, you can never leave.
who attends investment road shows only to return to watch his company's share price fall.
Too bad he wasn't as quick to voluntarily resign long ago as he was to voluntarily delist.
It's much easier for a CEO to freely spend shareholders money than it is to spend debt financing.
Also, it is easier for a CEO to disappoint shareholders than it is to disappoint investment bankers.
Going to the OTCBB may not be such a bad thing.
Claude as an official penny stock could then hire a penny stock promoter.
A few pump and dump campaigns might be just what we shareholders need.
It appears that any good news this company releases drives a #$%$ monkey crazy.
"It SO easy to blame the CEO for the share price depreciation because its really the most important metric for success or failure as a CEO. But its not the only one."
Yes, you are right in that it's so easy to blame the CEO for the share price depreciation.
And, in this instance, I DO.
As an investor, all I care about is the share price.