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Message: Re: Is this where we are headed?
1
Dec 19, 2012 10:25AM

Dec 19, 2012 11:29AM

To be perfectly honest, that is a scenario that I have never considered. I suppose in this upside down world, where trillions of dollars being printed every year are merely being given to the well connected at zero interest, to governments to sustain their charade and the majority being given to bankers in order to help fill the huge derivitives hole, anything can be expected. Over the weekend the Japanese government changed and the new man in town promises massive amounts of new fiat money being created to infinity. The scripted and predictable result is gold futures in the paper markets gets smashed.

This mine closure is the predictable result of gold price suppression. I am expecting many more marginal mines to bite the dust. Would this not then make gold even harder to get and lead to the eventual revaluation of the gold price. I believe we have enough cash to keep going well into 2014. By ceasing production in the marginal RLM and redeploying manpower to the developement away from mining the accountants can now capitilize much more of their activities rather than expensing. This move could stretch available cash and income much farther and perhaps boost the profitability rather than pursue higher production. I went all in on this company and I fear it is too late for me to change my course.


Dec 20, 2012 12:29PM
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