Re: Interesting Read Rastaman
in response to
by
posted on
Oct 28, 2008 04:13AM
Producing Mines and "state-of-the-art" Mill
Rastaman, you bought Lbe Shares all the way down as well didn't you? Well some of those cheap shares will make money for you before the 2 years has gone by. Some of those shares you can easily trade. All of our shares will grow from the present levels.
Right now now all your money should be in Lbe. That does not represent any sort of balance in risk. New in Canada are the tax free savings accounts where each person can save 5 thousand dollars a year tax free and the interest will not be taxed. So that account could certainly be used to build up some GIC or have daily interest or something that is risk free and liquid. I would certainly hold off putting more money into the stock market until I had an emergency cache. Doing something like that removes the immediate need of drawing on funds.
Another thing that has to be looked at is debt. Where are you going to get the greatest return on your money. Paying someone 24% or investing. That is a real hard thing to answer. But I think for my family we went no debt.
All this stuff is IMHO and you can treat it as just one of many.
Now Lbe - it has tightened its belt. We do not know what is contained in the new financing. But it has cut some of the expenses that were sapping the energy from us. These Ni prices were not economic for us to continue building McWatters. All that has been done there means there is that much less to do. Somehow I believe we will make it but again that is my opinion. Have a great day out there guys, I have to work today. (A woman's work is never done....)