Re: NOT Notable for its absence...
in response to
by
posted on
Sep 05, 2019 12:10PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Luker,
Stocks are covered when it is convenient to the club.
Magazines, newspapers, radio, internet, etc..will spew whatever is convenient to the club.
one very memorable example from the past...noront 2007-National Post
When you read the link below, tell me how it makes you feel? Would it have made you want to buy shares of noront
Title: mining for money by Peter Koven Nov. 3, 2007
https://www.pressreader.com/canada/national-post-latest-edition/20071103/282029027872049
After reading it...didn't it make you want to buy more noront and other mining stocks in general?
Just look at the Noront suitors the article listed...
"BHP , RIO Tinto, Xstrata, CVRD Inco (now Vale), and Robert Friedland."
You just have to love this paragraph in the link....
"there is another option: Bite the bullet and make the acquisition no matter how expensive it looks.
The Fact is that Canadian mining stocks are still remarkable cheap"
=============================================
Still remarkably Cheap really???? You could hear the squealing like little piggies back then..Noront is going to be bought out...you could feel it ...Yehaw..buy more...all you can eat is here... come and get it folks...
WRONG.
the stock market crashed in 2008! Nickel went from $25 LB to just over $3 LB
I remember this time frame like it was yesterday. You turned on the TV or looked at the internet or listened to the radio on your drive home...
Commodities commodities commodities...UP UP UP UP UP
One of my favorite lines spewed...."are you ready for $200 dollars a barrel oil? Get your seatbelt on!"
Ya...seatbelt and throwup bucket when oil plunged to $30.28 a barrel months later.
========================================================
You live though this crap and you become smarter.
And now...just listen to the talk of recession recession recession...
It's all about China and USA and Trade and tariffs and bla bla negative bla bla bla
However...if this bla bla is true...below are some"strange"...purchases made this year...
(1) Macquarie buys LONG BEACH PORT in USA. It is the second largest port in the USA.
main income is export to Asia...China being the #1 customer.
(2) USA billionaires and Natives(for 10%)...purchased the Ridley port in Prince Rupert, British Columbia...this year.
Yep...they purchased Ridely after Canadian taxpayers spent a lot of dough upgrading Ridley. Shesh.
And the majority of income for this port is ...export to Asia...china being #1 .
Odd to make these purchases now...with this so called recession coming??
My advise..look where the money is going. Look at the projects awarded and look to see when their timeframes are.
pay attention to South Africa, turkey, India, Kazakhstan in regards to chrome.
Pay attention to the continual climate change talk and what changes countries will need to make to be "responsible."
pay attention to what it will take to get the Responsible Steel certification which applies to ingredients of steel too.
Then, make up your own mind in what direction you see things headed rather than relying on the opinions of media.