Re: SFMI share buyback and profits
in response to
by
posted on
Apr 02, 2010 01:50PM
(Edit this Message from the "Fast Facts" Section)
Iggy: "Low expectations may allow for upside surprises"
You make an excellent case and I can not argue with any of it. Perhaps I am too optimistic at tmes. As mentioned earlier, I think we live in extremely unique times and outside factors are now at play such that we cannot rely on historic averages etc. , or to try to predict with an eye to normality.
The way I see it right now is that many JPMs (SFMI) ire sitting on a huge pile of chips (gold/silver). It has become patently clear via concerted and growing cacophony on the various JPM BBs, the the lack of in mainstream press and media, and in other ways, that there is really no interest in these piles of chips. "We don't want your stinkin piles of chips... (cuz they ain't worth nuthin!)." They really don't mean to try to cut off your hands at the wrists , but they have no choice if you plan to hold on to them.
Mark my words, these guys plan on getting our pile of chips. If the can't cut off our wrists, and due to recent events I do not think they still can, then they will have to up the ante.
It is not the mill start up that will drive this investment higher in my own humble opinion, it is that this will bring exposure and cahs flow (independence) to SFMI, and a nice uptick in the stock. Those that want the chips wll fear fear that others will realize there is a real, huge pile of chips in the mountain...and that will drive up the price competition...and that is bad, bad, bad for the reformed wrist cutters.
How long will it be before someone who really wants the chips to make a break and a real nice offer for them? The times have changed now as of the last week or so. It is now a brand new chess game. The real big players are going to start bellying up to the bar and eyeing each other nervously. There is a real dearth of chip piles globally. The stakes are going to get higher by the day and the game of bluff is charging with anxiety.