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COOL BUT I LOVE PENNYS FOR NOW
CYD is the only stock above $5 i own yea i know but im young.Only reson i own CYD its #1 ibd rank i think they make motors desiel engins.I bought at $14.25 1500 shares got 200 now i know need more hit $25.00 again i get more.
WACKO
EIBANKER DO ME A FAVOR
Tell me when to buy an sell CYD i done a good job on it already but u like are better i think i in an out but not as much as u i dont think.I got all free shares anyway i like to play.WILL U ?I GOT OTHERS TO WATCH.
WACKO
OK HERES THE DEAL WACKO WANTS YOUR SHARES
WACKOS got a stock called KMGM he will sell all cep the free shares monday.GOT-IT and he will be buying NSDM for short term investing on NSDM . BUY BUY BUY YOUR CRAZY IF U DONT
WACKO CRAZY WACKO
I KNOW NEXT WEEK THEY ALL BE BACK AN O FCUK
HANG ON WALTER
GOD BLESS OUR TROOPS GOT A GO
FIND DIAMONDS MAKE MONEY
WACKO
GEM HAPPY NEW YEAR LOOK AT THAT CHART
I THINK ITS A ROCKETT HOLY!!!SHIT!!!!buy buy !!!!!WACKO!!!!!!!
WHAT A YEAR ALREADY WWWWWWWHHHHOOOOOOOO
WACKO
GEM U ROCK AWSOME POST TY
Hang on everybody here we GO.
Man its terible when u start thinking about quiting 1 of your day jobs.
WACKO
O SHIT HANG ON THIS SUCKERS IS OPENING-UP GUYS
Hang on SOB LOOK AT THE MOUTH.
WACKO
SOMBITCH LOOK THERE PAID BASHERS
Where are they?RB board not getting nothing to sit in there 24/7 no more i guess .
WACKO
HOCKEYPOND FORGET IT
I just buy them when i get some dry powder.Almost got some today i get some soon ty.You all watch MAGR looking good.
WACKO
WAY TO GO WACKO
Got cheap trick as loud as i can pictures are shaking on the wall.WWWWHHHOOOO nice to see a post from MR BANKER how bout that CYD shit i though for sure it was gone today.Pull back tord end day ic 40 soon.
WACKO
what u all doing watching fsu-mia
WELL if i was in vages i bet mia.N
THEY NEVER BEAT MIA
we will see
WACKO
MAN LOOK AT THIS STOCK
Hockypond i think the float might be smaller than i thought its really moving on low volume u know it up.Damn guys u know.Wait tell it gets big vol,hang in there this is getting good.
WACKO
I DONT KNOW IF U SHOULD BUY MORE
Give me your e-mail address an i will e-mail u all the post here.Then come back an ask again what the tso is.
sorry i need a cig
WACKO
HOWDY DR GOT A CIG GIVE A SHARE NSDM FOR 1
SHIT guys its hell.U all in for it another hour i get 18 new post o shit.Maybe if the market would open.NO SMOKES GRRRR
WACKO
I AGREE THE MORE I READ (EOM)
WACKO
UP-50% THOUGHT WE HEARD FROM THAT EIBANKER BY NOW
I like his post hes got some brains to.He likes CYD ive had it since 14.50 another 1 thats china.Copper minerals is CTVH i got a little doing good.
anyway hi
WACKO
NEAT TO KNOW THE FLOAT
Man if a guy could know the float he would understand this stock alot more.I mean the not knowing float is hard on a mans brain.Gem if your in convertion maybe u could hint walter how many shares did u give out to get in this ground ect.Even if we could know the most it could be.And maybe even hint do u think all the farmers sold theres ?maybe cuz there old ,never had money?wanted money go to can kun?cuz i really dont think walter will ever sell his.U know he will have that pick-up load a diamonds in the spare truck. In the spare garage.but but but i tell u what im glad as everybody that seller is done.I bet we got a pretty good crowd of investors now. What diamonds mean to all of us there important expeclly to us americans.a2gem can tell what they mean the best i bet he sells-em.
p.s. How can i tell how many diamonds are on my 10acre property?I know i got red colored dirt pretty. A bunch a white colored dirt
FIND DIAMONDS MAKE MONEY
WACKO
DO KNOW CHIT ABOUT DIAMONDS THATS WHY I LOVE U SO MUCH
I read your post an examine them course i dont have to know chit about-em either thats the co job i just claim to be the investor.
U and anybody else here that knows somthing about -em.I LOVE U GUYS ive never owned over a million shares of any co.I just feel sorry for u all that u have to put up with me.lol
WACKO
DONT GIVE UP ON SILVER
New antibacterial textiles are coming and they are coming big-time with profits
to these companies the likes that have not been seen for years. Antibacterial
textiles for consumer goods to be purchased by everyone around the world to
protect their families and themselves, happy with a new, medical comfort to give
them a greater peace of mind. These new SILVER bactericidal formulas will be in
products like surgical threads, doctors' coats, and bandages, plus new products
not yet open to the public. SILVER offers tremendous antistatic properties and
is a tremendous heat conductor. New fibers are making their way into our
societies today. Bacteria is killed by SILVER, with SILVER ions, which being
very bioreactive, will attach with proteins inside and outside bacterial cell
membranes. Stopping reproduction and limiting cell respiration is a key to
stopping disease from multiplying, and SILVER, is the WINNER for our societies.
Wearing clothes for exercise will be one of the main classes of profits of these
large corporations: socks, exercise clothes, t-shirts, running gear, high-end
cycling clothing - and any and all new ideas we have not heard of yet by these
profit-generating corporations from their research and development laboratories.
In today's world, photography is normally considered the biggest use of SILVER.
This is about to change. Photography is about to lose first place and go to
second or third place.
Why is there so little information on this topic? The reason is always costs:
drive costs down for better profits. The Year 2004 could be shaping up to be the
Year of the Medical Standard of SILVER. We all could see bigger prices for
SILVER.
Im not an expert i like what i read i like silver an gold and i really like north star diamond i think we all agree on that 1
enough polluting this board with this stuff thats what makes markets buy what u like or believe in.
WACKO
SILVER FOLLOWS GOLD
Every cloud has a silver lining. As gold rises so too will silver, however, silver also has many important applications throughout industry, including contacts for electronic switches, jewellery, silverware, photography, coins, medals, and super-conducting power cables etc. There are also very few mines that focus primarily on silver. Most silver production is typically a by-product of mining for other metals and minerals. Hence a silver shortfall looms ahead."
WACKO
NOT ONLY GOLD BUT SILVER
Im not a expert and i know u are very smart gem but read the news its effected all countries.I read this is gov controlled and will stay that way. They got a ton of it and need everbody to believe it is a awsome comodity. So u a me buy buy buy an build gold mines its going to get crazy .So the feds can sell for a good price an leave all us holding the bag and in 2-3 maybe 4yrs it will crash tell they decide what to do next.JMHO
WACKO
GOOD QUOTE FOR US THAT DONT KNOW DIDDLY ABOUT DIAMONDS
Not all Kimberlites are equal
Finally, not all kimberlite pipes have diamonds of economic value. Discovery of a kimberlite pipe does not in itself make a mine, but it certainly raises the diamond potential of an area. The presence of micro diamonds or even macro diamonds serve as another significant indicator of the diamond potential of a diamond prospect. From results of diamond exploration in Nunavut, the real economic value comes from the presence of larger stones with a higher weight per ton of rock.
WACKO
LOGTOGTURD@HOTMAIL.COM
Now most my cash is brokage account do i need to have them send me a check or can they send it to co? com?
WACKO
ANOTHER 1 OF THE ELTS COMERCIALS
I ALREADY BOUGHT SOME THAT !!! Its one of the few down in my portfolie if it dont straiten up it will be straitend out of my life but thats why i bought it cuz of low float.Hockeypond i want some for .11 what a deal i dont have a problem with a year how do i do it ? i dont think we have very long to do what ever for u get new 52 week highs what i read there really getting ducks in a row.
WACKO
WHAT U MEAN 144 SHARES?
I saw u said u bought for .11 looking at chart i was wondering.
HUNGOVER WACKO
50% IN LAST TWO DAYS REALLY
AWSOME cant wait tell tomorrow.Or next week its terible when u cant wait tell for mondays.I hate mondays
My walls are shaking billy idol is rocking
My head is pounding
P.S. sure glad i got them other 200000 shares at .031 WAY TO GO WACKO
FIND DIAMONDS MAKE MONEY
WACKO
I LOVE THAT POST MR.GREEN
I will refur to it evertime i get the urge to smoke thats like every damn min right at the moment.lol Well im going to use nothing but will power an i will win promise im done no-problem.lol One of my favorite junior gold co is APLL lot a spec on it right now but from the prs an reading i like it the best riding it with free shares.But i would like get more.
I hear buffet buying silver if true shorts dont have a chance over $6.00 next week.
FIND DIAMONDS MAKE MONEY
WACKO
THERE FIXING TO PRODUCE
With out going back an posting prs an little things about there new web sight and making a long post go look an read-em but the real story here an with GPXM those 2 co have not got legs yet because everytime they get steam them short term investors get out and kills the steam.But if gold an silver keep it up them two and many other little penny co are going to fly i really like SHSH its like KMGM,SRLM very very few share float.They can fly fast but watch out they can also crash hard.
WACKO
SURE ITS A SCAM
Were taking all those not invested to the cleaners in 2004.Shollow thiunk tank this morning(younger than feel,older than think)hockeypond i like MYNG its a must own hope to get some soon ty.Anybody know if Bob Prechter, Mike Norman and Jim Cramer have thrown in the towel yet on their gold short positions? Bob Prechter of Elliott Wave note, has been preaching the bear case for gold at conferences the past two year. He was going to admit he was wrong if gold took out something like $376, then raised his stop out point to $410. Has it gone up to $450 yet? The reason I am curious is he said in the past if he was wrong, his new prediction would be that gold would clear $1,000 per ounce. Will he get his people in before gold hits $500? KMGM WELL IMO THE TRICK THERE IS DONT SELL IF U GOT SHARES YOUR ONE LUCKY INVESTOR NOT MANY OUT THERE.I hate to look back bought my first shares at .84 got inpatient sold 15,000 at $1.00 bought more nsdm it was falling left me 10,000 damn i got 3,500 yesterday for $2.30 damn thats expensive lol not if it hits $10.00.
Gold/silver business until Monday, January 5.
The gold shares took a rest after bolting higher recently. The XAU sank .46 to 109.73 and the HUI fell .79 to 245.40.
Gold and silver appear ready to skyrocket in price as we head into 2004. There will be a slew of money managers all over the world who will want to be putting money to work in the gold share sector. It will be a sight to behold!
GATA BE IN IT TO WIN IT!
FIND DIAMONDS MAKE MONEY
P.S. I NEED A CIG SHIT THIS IS HELL
WACKO
K IM GOING TO GET DRUNK
Puke fall down hope i get back up get in a fight and have alot a fun.then pass out HAPPY NEW YEAR FROM COLORADO AND BLESS ARE TROOPS
WACKO
WAY TO GO WACKO
Another 5 grand in this awsome gem get-em cheap why u can pep got some more KMGM TODAY WWHHHHOOOOO man its been rippin.I think it be $5.00 by end of jan.
new years resolutions quit smoking an get a will of some kind made up for my kidos.and i will do them.HAPPY NEW YEAR EVERYBODY
WACKO
ANYBODY WANT TO BUY SOME DIET FUEL
I own a bunch of it an i guess the gov bands selling it because of the ingredient in it.If anybody knows how i can get my money back please let me know.Well this my last post as im all used up tell next time. gl longs
FIND DIAMONDS MAKE MONEY
WACKO
WHAT ABOUT CBLRF
I really like the chart an looks like a buying oppertunity any thoughts? Ralph u been very quite just want to say hi miss your posts.
WACKO
CANADIAN VENTURE EXCHANGE
How does a colorado man buy these stocks i read on a good silver play NBG-V and like to get my feet wet.If anybody can help me i would appreciate it.
WACKO
YEP WACKO OWNS THEM ALL
HAPPY NEW YEAR EVERYBODY
WACKO
WONT BE LONG FOR WE SEE WRITE UPS ON NSDM
And write ups can make us fly.Do elephants wear slippers?
Robert Martin
e-mail: subman@gte.net
December 29, 2003
When I was 16 I had a dream. I dreamed the answer to all of the world's problems. The next morning, when I awoke, I remembered having the dream, but I couldn't for the life of me recall the answer. Darn!
So I placed pencil and paper on my nightstand in the hope that the dream might return.
It did. The very next night I again dreamed the solution to all the world's ills. Next morning, blearily I rolled over and noticed some words scrawled on the paper. The pencil was on the floor. Reaching over, I squinted at the writing and could make out just four words:
"Think in different terms"
Huh?
"Think in different terms"
That's all it said.
Now, 16 is an impressionable age. The gray matter of the typical 16-year-old male is like a dry sponge ready to soak up whatever philosophical drippings happen to flow its way. The usual drippings address Life, Zits, Girls, Sports, Food, Homework, Girls, Truth, Cars, Girls, and Rock 'n Roll. Not necessarily in that order.
So this cryptic message from beyond the veil of my consciousness lodged deep into my sponge-like mind, and it resides there still.
Over the following years, when facing some dilemma, I might consciously try to think about it "in different terms" hoping for an ahaa! It turns out to be not so easy. The ideas and emotions we use to define the world are actually just defining us. So we tend to think in circles. I came to the conclusion that thinking in different terms was a lot like deciding to speak Swahili. Well, I can't speak Swahili. End of story. Yet that four-word phrase remained lodged in my soft tissues like a splinter under the skin. It nagged me then and it nags me still.
So with your indulgence, let me try to think in different terms about my favorite topic:
Gold.
Let's say that gold is NOT in a bull market.
Let's also say that gold is NOT in a bear market.
Now that's what I call thinking in different terms.
Instead, let's say that gold is in a used-to-be-butisn't-so-much-anymore-suppressed market.
Let's see where that takes us.
One of the core dilemmas facing gold investors is whether we are witnessing the beginning of a secular bull market or just a bear market bounce. After 20 years of well-documented decline in precious metals, is this a true reversal point or a glorious head fake? This is an important question. Nobody wants to miss out on the start of a new trend. But nobody wants to be victim of a sucker's rally either. Which is it?
Adding to our dilemma is the contradictory advice coming from very, very smart people. On one side are the Richard Russells who eloquently proclaim the new secular bull market; while on the opposing side are the Robert Prechters whose waves and socionomics forewarn of a still-unfolding golden bear. Who should we believe?
By thinking in different terms, I now conclude that they are both wrong. Here's why.
Throughout history there have been brief periods of true economic freedom in which productive societies have flourished for a time. The early Greeks and Romans come to mind, as do the Phoenicians, the 15th century Italians, the early 19th century British and late 19th century Americans. But these periods of localized economic vigor are always subverted, as greed and governments invariably step in to exploit the gains, destroying the conditions that allowed the economies to flourish in the first place. Taxes and regulations pile up, bad money chases out good, fraudulent promoters displace honest artisans, and the society morphs into a phony caricature of its original integrity. In the course of this process, politicians pay lip service to the noble values that first engendered its success. But this is pure hype, as noble words are bent to baser purposes, and profits are gleaned from artifice, not honest effort.
I argue that America is descending into this sad phase. Our once-proud manufacturing base has been NAFTA-ed into a "service economy;" quality technical jobs are being out-sourced to India and Ireland; industrial icons like GE and GM are now finance houses; the dollar has become our principal export; market institutions of every stripe are being investigated and fined; and moral rectitude has been displaced by military certitude.
It wouldn't be so bad were it not for the fact that America's economy, and thus the world's, is built upon the premise that a fiat currency can provide a stable international trading platform. It cannot; not so long as that currency is unconstrained by the discipline of a strict gold standard. So, ever since gold's last tether to the dollar was severed by Nixon in 1971, global financial instability has increased (as Ed' Bugos and others have chronicled). The litany of national currency failures just in the past ten years bear witness to this fact, whether in Mexico, Indonesia, Thailand, Russia, Argentina, or Brazil. Wherever we look, bailouts abound.
Yet the appearance of dollar-based prosperity is overwhelming. This has been achieved, in part, through the suppression of gold's market-level price. The sophistry of Keynes, the highjinks of the ESF, Robert Rubin's clever strategy to countervail Gibson's Paradox, central bank dishoarding, bullion bank lease programs, IMF directives, the revelations of GATA, and now the Blanchard lawsuit against Barrick, all argue in support of this claim. If true, then the price of gold has indeed been suppressed, allowing the dollar to dominate.
I view gold like I view gravity. It exists, and by its existence it exerts a force that is constant and implacable. It is, in effect, a natural force, and the sustained suppression of any natural force is a challenging (i.e. losing) proposition.
Just as gravity grounds us to the earth giving us controlled traction at the expense of unlimited movement, gold grounds an economy by providing an honest measure of value at the cost of unrestrained, cancerous growth.
So the suppression of gold is like the suspension of gravity. At first we float free and weightless, and our initial response is euphoria. But this wears thin as we realize it's hard to do anything in weightlessness. Without traction (or Velcro) we cannot exert leverage. We begin to flail about. I contend that the dollar is flailing right now, imparting a sense of euphoria as we take turns becoming millionaires during our fifteen minutes of fame. But if we are all to be millionaires, is any one of us actually richer? How long can we defy the natural force of gold? At what cost can we continue to pump out dollars? If gold is like gravity, won't we wear out before it does?
By thinking in different terms I conclude that gold cannot be in a bull market or a bear market if it is in a suppressed market. For suppression is artificial. Until gold is allowed to find its unsuppressed price, there can be no meaningful measure of its "bullishness" or "bearishness."
It's like asking "How thick is your foam mattress." Well that's easy to measure with a ruler, except that a 5-ton elephant named Barrick has been sleeping on the mattress for the past 10 years. So first we have to get the elephant to wake up and get out of bed, which Blanchard and Company appears to be doing as evidenced by Barrick's recent 24-hour about-face on its official hedging policy. Then we have to wait while the mattress recovers from the crushing weight of its former occupant. I argue that gold is like the mattress, and is only now beginning to rebound from the weight imposed upon it. This may take some time. After all, it isn't only Barrick that's snoozing on it. There are a host of manipulators in bed with each other. So only after gold has fully recovered from its suppression, can we take measure of its "natural" value.
I need to pause here to praise Don Doyle, CEO of Blanchard and Company. In a riveting interview recently published by Jay Taylor, Mr. Doyle spells out the Blanchard suit against Barrick and JP Morgan Chase. Like GATA before him, I credit Mr. Doyle with the courage and conviction to stand up against what he claims was chronic collusion between Barrick and Morgan culminating in a virtually riskless, perpetual, non-callable multi-million ounce short position which skewed gold valuation for years. Is it a coincidence that once Barrick began to reduce its 24-million ounce hedge in January of 2002, the price of gold has been steadily rising? The interview is mandatory reading for anyone who questions whether gold can be manipulated or cares to see its suppression end. Taylor does a fine job of drawing out the story. I conclude from that interview, as well as the progress of the lawsuit and the recent announcements by Barrick, that the elephant is fully awake and is putting on its slippers.
Some of you will say I am splitting hairs. Others will point out that markets have been suppressed and manipulated down through history. Fair enough. But by thinking in different terms I am trying to arrive at some useful conclusions. And here they are:
1) Until the price of gold has "sprung back" to what its price would have been in the absence of suppression, then any rise we are witnessing right now is not about a bull market, it's simply a return to natural balance. So don't expect traditional market indices to register predictably until gold nears its natural equilibrium level.
2) Viewed this way, Richard Russell is premature in calling it a bull market. It can be argued that the bull market will begin as soon as gold has stabilized at its natural price. That is splitting hairs, because I agree with Mr. Russell that gold is headed higher for years to come. But it explains gold's rise in face of a rising stock market. Gold is decompressing, and this process is independent of the stock market. As for the argument that gold is rising because the dollar is falling, by my reckoning, it is the other way around. Gold's natural rebound would be sending the dollar south even in the absence of the massive liquidity being force-Fed (thank you Sir Alan) into the economy.
3) As for Bob Prechter, he is both technically and fundamentally upside down on gold. All his charts, Elliott waves and overbought/oversold indicators are meaningless in a suppressed market environment. Socionomics is brilliant and can be useful, and Prechter's overarching views hold merit. But applied to this specific issue, I conclude they are of little use, except perhaps as a contra-indicator. On the question of gold, Mr. Prechter might profit from 'thinking in different terms,' himself.
So now let's apply this thinking to investing.
If gold is currently rebounding to its natural price point, what should that price point be? I am neither an economist nor a market technician. So I turn to the opinions of others, in this case the early estimates of James Turk ($500), Frank Veneroso ($600) and the recent remarks of Don Doyle ($750). Taking the average of the three I get $616. Close enough. That's the point at which gold can be expected to achieve equilibrium with today's dollar. $616 is also what you would pay for a quality suit and pair of shoes, the ultimate measure of an ounce of gold.
But people have been so brain-diddled by years of Keynesian double-speak and outright lies, I figure it will take extra time, and extra volatility, to get there. And of course, there is always the possibility of some new Greenspan antic, or fresh ESF intervention scheme, or presidential decree getting sprung on the goldbug crowd. So I expect gold's recovery process to be "lumpy" but inexorable.
What should one do? The answer is, Buy! The margin between the current price and the natural price is roughly $200 per ounce. Consider that a safety cushion, and buy as early and as much as you can.
What should one buy? Physical gold and gold shares.
How should one buy them? Use Jim Sinclair's common sense advice and buy along the lower trend line, during corrections. For security, buy physical gold and shares of the major and mid-tier miners. For leveraged profits (with added risk) buy the juniors.
I personally buy bullion for security and juniors for leverage. But it has become increasingly difficult to find quality leveraged juniors with legs. So to help, I divide juniors into two categories:
1. Juniors with advanced-stage properties and large floats (30 million shares or more)
2. Juniors with early-stage properties and small share floats (5 million shares or less).
Because I am a mere mortal and not a professional advisor, when I write under the Precious Mettle byline I only make reference to stocks I personally own as proof that I put my money where my mouth is.
So looking through my portfolio, a good example of a Type 1 junior stock is Golden Phoenix Minerals (GPXM). I have written about it extensively on 321 so I won't repeat myself here except to note that CEO Mike Fitzsimonds recently achieved some important milestones in gold production, joint venturing and company promotion, and has set loose his top geologist, Steve Craig, to aggressively explore their premiere property, Mineral Ridge. So GPXM is both an explorer and a producer, which is the best of both worlds. You can read my past reports: "A Tale of Two Mines; Get Real to get Rich" and "A Tale of Two Mines: Revisited" or visit the company's website.
As for Type 2 juniors, my current choice is Kimberly Gold Mines (KMGM). Kimberly is a quiet company that has diligently assembled a sturdy portfolio of high-percentage exploration targets in Idaho and Washington. I won't spend time describing the properties, as that information is readily available on their website. Instead, I want to focus on its share structure, because that is, in part, what puts Kimberly ahead of the crowd, and provides a good portion of its upside potential.
Kimberly is led by Kevin Shiell, a long time miner and proven leader who knows both the business of mining and the mining districts Kimberly's properties are located in. He is the bulldozer of the company, pushing it forward on a daily basis. But it is the CFO, Ray De Motte, to whom I turn my attention, because it is Ray's philosophy about company structure and shareholder relations that bears exploring.
People are starting to recognize the name De Motte. Ray came to the precious metals arena late in life after stints in finance, accounting and international business with Bechtel and McKesson Corporations. He brought with him the financial discipline of those mature corporations, and it has served him well.
The first thing that you note when talking to Ray is his focus on the shareholder. This isn't just a lip-service thing with Ray, it is ingrained in his way of thinking. He constantly speaks from the shareholder's viewpoint, and always makes time to return a shareholder's phone call or answer a shareholder's email. Ray introduced himself to me after I wrote a short piece on one of his companies, Sterling Mining (SRLM) of which he is CEO, by taking the time to write a lengthy note thanking me for my efforts. That is what I call a hands-on CEO. He has a favorite expression he uses frequently, "I always have time for my shareholders."
This obsession with his shareholders is not a PR gimmick. It translates into a pragmatic and valuable approach to the structuring of Kimberly's stock. Founding shares have been kept to a minimum and the float is tightly limited. The result is that Kimberly, like its bigger brother, Sterling comes to the market like a coiled spring. While many junior gold companies must start out life with tens-of-millions of shares (often as a result of finance-related dilution), Kimberly hosts less than 9 million shares outstanding, of which 5.8 million are in company-related hands. That means that Kimberly enjoys a float of about 3 million shares, and many of those are in the strong hands of knowledgeable Silver Valley investors who understand the game and are in for the long haul. The actual trading stock is currently estimated to be 850,000 shares! As a result, Kimberly is basing at $1.20, when its counterparts might be at 12 cents.
I call this the Ray De Motte School of Share Structure, and you find it in every mining venture he is involved with. For Ray, who is a big-vision guy, when it comes to shares less is more. He knows that a tight share structure imparts the best value to his shareholders, including himself. And when it comes time to raise equity capital, Ray's companies are well-positioned to leverage their share value for top dollars at minimum dilution.
Ray's financial perspective is reflected in Kimberly's mid-term objectives. De Motte and Shiell have set an average target of $275/oz as their cost structure, including everything: acquisition, overhead, debt service, production, promotion, and expansion. Their strategic objective for Kimberly is to prove-up 2 million ounces of resource with minimal share dilution, and they are well on their way toward that goal. By 2005, Kimberly hopes to have expanded to several million ounces, be armed with a sizable war chest, and still boast a float of perhaps 4 million shares against total outstanding shares of less than fifteen million. He and Kevin are also committed to moving off the pink sheets in 2004 and putting their investor relations program into high gear. And they intend to accomplish all this while holding down expenses. In this regard, the close relationship between Sterling Mining and Kimberly is beneficial through the sharing of expertise.
De Motte speaks. Here are a few "Rayisms" which reflect both his philosophy and his enthusiasm:
"We create quality gold products with tight share structures..."
"My job is to build super leverage for our shareholders..."
"I want Kimberly to be the Swiss Franc of the pennies, not the Mexican peso"
"We have a mania for keeping costs down"
"The existing assets must be worth more than the share value"
All of this is music to my ears as a shareholder. By basing at $1.20, Kimberly is positioned for explosive growth during the next phase of gold's rise. Kimberly is currently an exploration company, but it is staffed by operator-types and its goal is production. Its tight share structure makes it a triple-threat to succeed in the coming years.
Conclusion
With the ending of suppression and resultant rise of gold toward its honest market price, a plethora of shiny-new gold explorers are sprouting like weeds on the investment landscape. For those wishing to gain maximum leverage to the rise of gold, it is more important than ever to use judgement in selecting which juniors will live and which will die.
My solution is to use these two companies as templates when evaluating any new addition to my junior portfolio:
Golden Phoenix for its multi-million ounce exploration potential and rising production;
Kimberly Gold Mines for its cohesive share structure and strong fundamentals.
Happy harvesting.
Robert Martin
e-mail: subman@gte.net
December 28, 2003
Disclaimer:
The author's objective in writing this article is to make potential investors aware of the possible rewards of investing in these securities. Investors are recommended to obtain the advice of a qualified investment advisor before entering into any transactions.
______________
321gold Inc
OK SANTA BRING BACK OUR DAN WHEN WE GET NEWS OR SOONER
We need him
WACKO
KING THIS IS A 4 CENT STOCK
Makes a big diffrents in my portfolio.lol
I keep getting slaughterd on this train my wrists are getting tierd.
WACKO
DAN DAN THE MAN
DAMN man been going through withdraws with out all your awsome post i been trying to spring up conversations but really i dont hold a candle to u. Your awsome man hope u had a great christmas and have a very happy new year.Got to watch my posting getting down to single digets already.!!lol!!
FIND DIAMONDS MAKE MONEY
WACKO
I CALL THIS ONE MY LOTTERY TICKET
All my winning go into NSDM see i dont play no lottery nothing i think my odds are way better with NSDM.
WACKO