MistyRiver's Profile
MistyRiver's Posts
Atac is following through with their game plan. Wish we could be rewarded in the current economic environment.
I never can figure out what to do when things get bleak in the market --so I buy, if I have any cash.It turned out to be the right move back in 2008. Picked up a bunch more at $3.17, Something's got to give. All of these people who moved out of the markets can't sit on U.S. treasuries with less than a 2% yield forever. Gold companies will continue to make a profit this year, and Newmont will continue to raise its' dividend.
It's just caught in the backdraft of global investing climate. Like many others, I was counting on the typical cycle -by now there would be a lot of drill intercept news in, and the stock would be climbing.I've heard others comment on this, and maybe those same others are taking some off the table.
This feels just like November of 2008.
Even if we are in the next great depression, capital will have to move somewhere. I'm betting it will continue to move into gold.
I bought a bunch more ATC at $4.30.
Lowball? Dunno. KEPCO and AREVA have deep enough pockets, but they also have ties with CAMECO and are just as likely to work something out backroom style. I sold a little today, as these takeover prices tend to peak and then go downhill over the next few days. The market seems to be saying this isn't the final offer, though.
As a Canadian watching this U.S. financial mess, the big problem here is the U.S. Government system itself.
At times, the bicameral system is just as indecisive as the proportional representational system. In reality, the U.S. has no effective government right now. Just two political parties duking it out, neither with the power to be effective. I could live with either vision of the U.S. -free market or socialist, as long as they BALANCE THEIR BUDGET.
Italy with it's proportional representation has so many political entities that nothing effective can be done.
What really needs to happen here, and it won't for three years, is that the U.S. needs to elect someone with a clear mandate to act.It also needs government reform, but I know that won't happen.
I'm almost ashamed to admit this, but I have been a long time CDM/CDE holder. In the space of time I have o wned the shares, they, like Kinross, have only gone down in value. My other silver producers (particularly Silvercorp) have done quite well.
I expect some of the bad press is earned, and I also expect the company will have good leverage to the price of silver (ie instant profitability it the price of silver stays up), but I can only say there's been a string of disappointments with Coeur D'Alene.