They have been diluters in the past. They have been punished for that in the share price X 10.
Wouldn't it be logical that those behind this dilution game give up the dilution game after 10 years of accumulation?
Shelf offerings are a reserve facility for the future. If things go right, it may be not be used by the company at all. I agree that Coeur has been an ineffective diluter in the past due to Management not being very sensible to this disincentive called dilution. However, I think they have enough jokers in their hands (read resourcefull areas for exploration and discovery on the one hand and profitable operating mines on the other hand) that they have no need to use further dilution.
Sorry wild thing. Ed is right. You always post pure bogus. If you have something substantial to mention, just do it. For once. You are just the regular message board troll, that destroys any discussion on the basis of facts. Whi
Actually, i think JPM (John B.) was not there. Maybe Jorge was there. Anyway any opinion by DB may be considered as a counter indicator per se. I'll be so happy when these con men finally get their punishment.
Imagine how poor and dirty you will feel yourself if you have to make your money by rigging markets.
Normally Jorge B is there at the Conference calls. But not this time. As you say, they grade the way they make the most money. It's simply disgusting.
I think I have a clue of what Geo refers to. What did the FOMC do 3.5 months ago? They raised rates.
And what will we see in a few days? I do not have a crystal bowl, but I have such a feeling it will make us dizzy and longing for order.
That's why I think that this is a perfect gold/silver play on steroids, but that have one very serious counterparty risk: management.
When they turn/prove to be honest and transparent, this is the best stock you can own.
They cream and cream and cream at the wrong moment, like most miners, and you ask yourself who is benefitting?
But since it got punished for that behaviour with a factor 3, it still makes it one of the most undervalued miners around.
I doubt whether the people will accept a cashless society. We need just one single nation wide or world wide problem with our electronic devices and the world stops. Unless we have paper money or something else to pay. If not, we are back to pure barter
I must say that I already feel very uncomfortable with all that electronic dependence right now..
There was a time 10+ years ago, that we could discuss, but then they opened a can of message board rats to kill any discussion. And then they started to obstruct posts and send malware. Fascist behaviour.
By the way, I did not mean to say that we will get a parabolic rise straight to that 10.000 right now. I understand that that will be disruptive.
However, if markets start collapsing due to a derivative melt down, we may get very fast rises in gold and eventually an official reset. That is likely to happen between now and 2020 and for me it is an open question whether we will go to $5000-10000 before hyper inflation kicks in or afterwards. I tend to think before.
Gold is not just a commodity. It is money. Whether gold divided by the total money out there goes to 10.000 or not is irrelevant for what is waiting for us as a society. The debt mountain is there and the derivative mountain that kept the illusion alive is also there. They will chose hyper-inflation to write that off in a short time. You think that that hyperinflation does not cause revolutions?
And if you listened well to Rickards. In the past there has already been a period, when the FED wanted gold to rise to stimulate the general feeling of inflation. They may want the same right now, because (hyper) inflation is the desired tool to write off al public debt. If and when Chinese are ready buying cheap gold, we may see that happen and it may be now.
$10.000 gold is simply the present price of gold as money expressed in fiat money. If it recovers to that equilibrium price, that would simply reflect the lost value of the dollar after paying off debt. It is debt that is the problem, not the gold price. That debt is already there and has to be written off one way or another.
If the USDYen is willing to dive below 111 again and silver starts surging above $16, then maybe 6.35 or 6.12, whatever the old resistance is. But probably that is for another day.
Enough fun the way is goes right now.
If silver breaks above $16 we may even reach that $6.30 area today.
I hope it will succeed and that what some articles on the internet say about Rossi are not true. It would make the world a better place to live.