First of all, it is funny, pole, that you bring past recollection of arguments with “people like me”. Alas, it shows lack of rational insight. Instead of recollecting arguments with people like me, you could simply remind arguments with me, literally. Look at them honestly and admit, pole, that present results do not lend much credibility to your positions in those past debates.
Again, I talk about investment positions. It is still time to recognize that this board is for discussing investment topics. Yes, one would hardly imagine reading messages from mentally disturbed individuals on this board. However, these sickos don’t relieve sane people from inherent duty to talk rationally.
Regarding overall economic situation, I urge you to look at your own situation. It is a well known phenomenon. When people are asked about economy in general, it is all bad, especially if president comes from the party you never voted for. On the contrary, when asked about personal finances, the answer is more optimistic, especially if president comes form the favorite party.
PS: take it easy, pole, and, again, concentrate on investment side. Make your investment based on your personal financial situation. Good luck.
It is your political sympathies talk, pole. Look at larger picture. U.S. is in the best position in the world; no any other country ever had the privilege, unlimited monopoly, to create (print) money gladly acceptable by any country. Moreover, the mightiest industrial countries support U.S. in essential way; they all want to see stronger dollar.
Imagine, pole, that you, personally, could print couple millions or more for your personal consumption. How would you feel yourself? Secured? Please note, you would be the only guy with the privilege. Would you still cry about Obamacare? That’s the story. Look at the world in rational light and don’t allow your political sympathies to run ahead of you, especially when it comes to investments.
PS: please note, pole, I don't argue against your political sympathies. It is just a friendly advice to look beyond politics if/when you talk about investments.
Sort it out, pole, and relax. You put too many awful things in one message. Hopefully, you are capable of getting calmer and avoiding this "end-of-world" abracadabra. At least, you showed some ability to think rationally on rare occasions before.
End of world is the rarest event; actually, it can happen only once for this world. It means that most people will never see it. What makes you and many guys around so special to see this event?
As of now U.S. economy is in good shape. One can say that it’s unfair, or that it’s just a happy coincidence (with shale oil technological breakthrough). Anyway, it goes up; there is nothing on horizon indicating end-of-world. By the way, both JPM and China will work together to avoid the ending; no one wants to see the end-of-world.
Doom-and-gloom web blog prognosticators should wait for next presidential elections. If Christie wins then ”end-of-world” will become again the favorite topic of tabloid and it will raise blogger profiles and fortunes too. In meantime, enjoy bull market and make some bucks on it.
Company has three ships only with charters expiring in 1st half of 2014. Also, this company doesn’t use ships on spot rates. That’s one of the most predictable things about DSX.
Regarding new ship purchases, I would rather expect dividend restoration here; don’t think they will buy more ships at higher prices. At the same time, company promised before to employ unused cash (in case market restores earlier than all cash spent on new ships) for dividend.
First point is very true. Quality of available gold deposits goes down every year, because better ore gets mined. By the way, this process is getting accelerated now. Actually, mines closures are more expected rather than happening now. On the contrary, miners frantically try to boost production from high-grade zones with lower costs still hoping to keep operations afloat.
Regarding another point of discussion in your message, gold/silver price doesn’t really have a floor dictated by production costs. The reason is that gold supply comes more from storage (metal hoarded during past millenniums) rather than from mining. All mines can be closed and still world would have enough gold to continue trading in it. Silver price used to follow gold, so silver industrial demand doesn't make much difference here.
Rare earth deposit, located near Niobec mine, is in dormant state and it will stay this way until company finds a partner to fund development. The same goes to Niobec expansion.
Firstly, company doesn’t have money to develop these things at the moment. Secondly, both niobium and rare earth are small niche markets. It is very easy to destroy them (tank metal prices) by careless expansion.
As of now Niobec is a bright spot in company operations, very profitable, and I don’t think they want to risk it. By the way, niobium factor becomes a real difference in present gold market. Not too many gold miners have secure cash flow from secondary source.
Stock analysis is supposed to go a little deeper than “you could be right or you could be wrong”. To be precise, this phrase has nothing to do with stock analysis. Anyway, time for the stock analysis elapsed here long time ago.
The bottom line is that this case has been closed and company is out of business, as long as “business” is defined as a profit-generating enterprise. Again it’s happened here long time ago. What you see now is zombie-like oscillations, small speculators flip shares; the body is dead. Both selling and buying gone forever.
I see, lookin, you still get irritated by my messages. Well, that’s not right, first of all. Good investors are not get irritated by correct assessments (just remind recent stock history and you got to admit that my assessment, made long time ago, was correct).
Please accept my condolences regarding your investment in this stock. The same goes to every shareholder here; maybe only the most recent buyers still have chance to escape. These condolences even go to those who made stupid predictions about this stock during this year. I guess most of you had good intentions, though you could still harm innocent novices.
Merry Christmas to everyone here. See you on other boards. Hopefully, you will be smarter next time.
PS: it means, lookin, that I leave this board to you. Be happy. Anyway, it will not last long. Sorry.
I suspect that the actual reason for dividend cancellation is Westwood flop that became known recently; i.e. company could continue paying dividend if Westwood would not force more expenses and delay point when the project could contribute in positive way.
If I remember correctly, company did not specify during last conference call how much money will cost to fix Westwood during next 6 months. It seems that market interpreted this dividend announcement as an admission that this expense is sizable.
By the way, I want to apologize to this board readers that my messages may attract sometimes responses from trolls coming from other places. I post on many other boards and these message boards are littered, unfortunately, with weirdos, schizos and sickos. It is inevitable part of this place. Sorry for distraction; it is not my fault.
LME copper warehouse storage number has dropped below 400 KTons. It equals roughly to 8-day world consumption. Certainly, it is not the only storage in the world, but still LME number is the most authoritative source in this respect.
This number dropped from summer peak reached in June, at about 680; about 40% drop so far and it went down steadily. I would expect that “magical” border sign exists around the point when LME number equals to 1-week consumption, i.e. about 350. Hopefully, it will be reached soon enough. Below this point, one may expect panic articles about “peak copper” and real help to copper equities.
Copper price moves up and, most important, LME storage numbers go down in spectacularly steady way. Sooner or later, I think sooner, copper equities will enter bull market. In my opinion breaking LME number down to low 300s should make the trick.
Nope. End of year is too early. Most likely, you will get your "news" during 1st quarter and, most likely, it will not be nice, not worthy of waiting.
Hopefully, no one planned to become rich by collecting dividend here. Other than this, dividend cancellation is good or, better say, helpful news. It will allow company to save good chunk of cash helping it to stay afloat.
In general, dividend is safe only when it’s paid out of cash flow. When it is paid out of treasury then cancellation is a matter of time.
My dear little bonanza, firstly you are lying that I “pump IAG” on that board. It is enough to say that pumping is not my style. Also, you will not be able to find a proof, i.e. a message, at least one, on IAG board, where I “pumped” that stock. This lack of proof squarely places you in liar category. Not a big surprise taking into account your overall contribution to this board.
Secondly, there is no relation between my postings here and any other board, except my attempts to be objective and informative in most messages, except those when some a
hole forces me to respond in personal ways. By the way, I posted on this board long before I started posting on IAG board.
Thirdly, I don’t really care whether you take me seriously or not. In this respect, it is not a big threat, mildly speaking, if you don’t take me seriously. I would be more concerned in the opposite scenario.
Your request, “bonanza”, is unclear on two points. Firstly, it is not clear how many people are hidden behind the word “us”. Does it mean that “bonanza” alias represents group of people?
Secondly, it is hardly recognizable what you want to be told about IAG. In my opinion, if you want to get some knowledge about this stock then IAG message board would be more relevant place. However, I don’t mind helping people on stock-specific issues, i.e. if you have any stock-specific questions, let’s take this leap of imagination, then you could certainly try to formulate it in more understandable form.
As I said before, sewells, you cannot grasp the simplest investment concept. When a company raises funds by selling shares (it is called equity-based financing) then share price goes down immediately to level around sale price point. It is called stock dilution. Any person with even rudimentary market experience (it doesn’t include gambling on first stock and losing everything) knows and understands this thing.
On the contrary, when company raises funds in non-dilutive ways then share price reaction can be delayed, because these ways will affect stock in long-term, sometimes, very long-term.
At present, RBY share price behaves visibly worse than peers. It might be explained by upcoming dilutive fundraising event. Certainly, it is not necessarily the only explanation. As I said, it is a superficial observation only at this point.
Every sane person feels satisfaction seeing failure of an obnoxious fool. There were many fools on this board, though not all of them were obnoxious. You are the guy combining both qualities in overwhelmed quantities.
Yes, it is normal. Dividends paid by foreign-based companies are subjected to default 15% withholding, if stock is held in U.S. taxable account. This amount is tax-deductible. Make sure that your accountant processes it properly when you file your taxes next April.