So Rick Rule says the following:

"This brings me to my second point, Eric: For quite some time companies have not been willing to give fair private placement terms. For every one of your readers who are private placement investors, just in the last two weeks I have seen the first signs that the issuers have been willing to take capital on reasonable, as opposed to unreasonable, terms.

It was my suspicion, Eric, that the entrepreneurs behind the gold and silver mining shares are incredible optimists. They came to believe that the terms and conditions they enjoyed at stronger metals prices were normal conditions, as opposed to optimal conditions."

I would say to G&S mining companies: sit this out for another 6 months, otherwise you will have made the worst deal for the next 10 years once again. Just what these predators (short and naked short sellers) have been steering at.