posted on
Sep 28, 2011 10:12PM
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Message: Re: gsfl
Your agenda is clear to many here. It's an old refrain seen on BBs, especially JPMs everywhere. Quite monotonous actually. Posters like you have virtually destroyed some BBs of very good JPMs.
You make an investment in SFMI sound negative by converting it to debt. Show me a public mining co. since the conception of mining that wasn't financed by investment...or "debt" as you like to call it. That debt has equity by the way...as you are well aware. All public companies have debt that you say is pwed to the shareholders. Without investement or "debt"capitalism would not exsit...but you are merely antagonizing with a view to mine the uneducated...commonly know in the old days a a shit disturber.
Your inuendo is ridiculous...but you know that. The whole world is based on investment (debt ) and has been for a very long time...and leveraged debt is totally out of control and insured to the tune of over $600 trillion ... which is ten times the world GDP..with not a chance in hell that it can ever be covered... all precariously perched on a banking system that, if it loses 4%of its capital base...all falls apart. Maybe you should have a good look at the balance sheets of the largest banks in the US and peek at their off balance seets where they value their unspeakable debt as multiples of it its value in a perverse way such that it is equity....like mortgage backed debt for instance...valued to fiction not reality. Then we have all that debt leveraged 100 times...and a fractional reserve of 4% capital. There is nothng there...all smoke and mirrors. Print more $ and continue debasing currencies until we hit bottom. And when we do hit bottom, just what kind of value go you think gold and silver will hold?...even tiny amounts of it?
SFMI has something backing it..a lot backing it. Real resources...hard stuff...assets. All the recent meeting attendees can vouch for that.
The US dollar is just a debt voucher...guaranteed by the future taxes paid by US citizens...who are not able to do so. Hyperinflation and depression cometh. Hard assets such as gold, silver, copper etc. will become the safe havens of choice...not dollars or bonds or treasuries.
An oz. of gold/silver in no one's debt. It needs no guarantees from any Governemnt. A small miner/producer/explorer has equity behind it's debt...infrastructure, capital equip., buildings etc...oh yes, and it has resources...growing resources in its cash flow from the ore piles and from its historic resources and huge potential in the mountain. ..resources which the world is now running out of due to increased demand, decreased supply we are seeing JPMs drilling 1 gm/t gold and huge investment in them...and as Imperial Whazoo conveniently laid out, several with comparable resources to SFMI trading at much higher prices. So, having several hndred tousand tons of a mined resource sitting on the ground with over 3 g/t is a very rich resource today. Having over 1000 oz. of gold to sell and maybe 2000 soon at a value of $2000/oz. by Dec. is undeniably irksome for you I should think. Trying to discredit the obvious must be a very challeging task indeed...again unless you are rewarded for doing so by some strange coincidence.
So, you force honest posters to repeat the facts ad nauseam, to your disingenuous taunts. You prey on those who seem to have no memories or knowledge of the facts. You put a great deal of time and effort into creating doubt...so you have an obvious agenda...and you are either a paid poster or a trader of sorts....or perhaps a disgrunteld past business/employee interest in SFMI...or perhaps just part of an effor by sme entity that wants nothing more than to see the share price of SFMI kept subdued due to ulterior interests that may desire to make a low offer on the project one day.
Anyone who is persuaded by your chants must be lazy or stupid or short.
Continue to keep us amused with your imaginative and suspiciously creative jabs...oh sincere shareolder of SFMI.
Frankly, I have just wasted 15 minutes of time replying to the likes of you.
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