There is a gold article link below you may want to take a peak at.
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Re: Capitulation. I just don't think that the AUM warrants are the best investment going and / or that I have ever made.
I have not sold all of my warrants ,,,, but you can cry for me for what I've lost on paper.
It's not the first time I've gotten burned on warrants, either. I owned Rusoro warrants (T-RML) which recently expired worthless,,,, but I can tell you it, will be that last warrants I'll ever buy. My advice is that these warrants just aren't what they are cut out to be.
"The past inspires and the future challenges."
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http://www.pwc.com/ca/goldsurvey
Gold miners are determined to prove they’re a good investment — not just now, but in the long term. In order to receive approval from investors, they will have to establish cost-effective management strategies, increase dividend payments and invest responsibly in production growth.
Gold companies are using cash for development and exploration, with 100% of senior gold companies using cash for such activities and 89% of mid-tier companies planning on using cash for project development and another 83% of mid-tier miners planning on using cash for fund exploration activity in 2013.
