Climax
posted on
Jul 09, 2012 06:21PM
Obviously we are approachimg the climax here. It can't come too soon for me. There are still some incredible deals out there in the junior resource market, and I want cash to invest now. Just like those people in the TV advertisement for a structured settlement buyout company, "Its MY money and I want it NOW". At this time we can buy junior resouce companies with cash, proven resources and some even with substantial cash flow for pennies on the dollar. That is, junior resource companies with little concern over drilling results or worries about runnimg out of money in the next year! For sure I will keep some with Elmer, but the opportunities out there now may be once in a lifetime. I will still
be happy if the climax comes in September or October, but if it comes while so many quality juniors are still priced at ridiculous levels, it will be truly life changing for most of us.
Rip