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If it were a meaningful dividend, investors would- but in fact it was an insult to the shareholders, even more son than Hecla's fraction-of-a-penny laugh
The real focus of attention should be "Is Congress about to allow the banks to impose all-digital currency- the elimination of what we think of as money (albeit fiat) and all vestiges of privacy in the name of "helping America in this crisis." Start demanding answers! Wake up, America! The full court press is on for all-digital "currency"
with elimination of fiat, in SB3571"The Banking for All Act"(how
charming) introduced by Sen. Jerrod Brown. "To require member banks to
maintain pass-through digital dollar wallets for certain persons, and
for other purposes." And other purposes... Banks will be free to impose
charges- "negative interest rates" with impunity and you will be really
and truly under Big Brother's thumb. Read all the grisly details at
Bitchute- and take action, starting with each of your elected representatives. https://www.bitchute.com/video/_bBK_wStu7c/
The real focus of attention should be "Is Congress about to allow the banks to impose all-digital currency- the elimination of what we think of as money (albeit fiat) and all vestiges of privacy in the name of "helping America in this crisis." Start demanding answers! Wake up, America! The full court press is on for all-digital "currency"
with elimination of fiat, in SB3571"The Banking for All Act"(how
charming) introduced by Sen. Jerrod Brown. "To require member banks to
maintain pass-through digital dollar wallets for certain persons, and
for other purposes." And other purposes... Banks will be free to impose
charges- "negative interest rates" with impunity and you will be really
and truly under Big Brother's thumb. Read all the grisly details at
Bitchute- and take action, starting with each of your elected representatives. https://www.bitchute.com/video/_bBK_wStu7c/
1790-1913 under our gold and silver era, before the Fed got its meathooks into the body politic, balanced budgets were the norm because the taxes that came out of people's pockets were gold and silver! The $25 trillion national debt since created has been massively inflationary, even as the Fed lies through its teeth in justifying banks paying no interest "because there's no inflation" while nevertheless forcing everyone into higher tax brackets with no increase in buying power. If people woke up to this, or grew a pair, like the patriots who won independence wearing threadbare uniforms and frozen feet who would not put up with paper Continentals after their victory things would change. But not till then. Not only do the banks that run our govt. have absolutely no plans to re-institute a gold or silver standard, they are planning to call in all paper money and institute an all-digital regime which will enable them to take whatever nip they like out of your savings in fees and special charges as no one will any longer have as a last resort stashing their cash in the mattress.
Great post. (Don't forget the great Premislaw Radomski or the wizard Harvard man, Harry ("$700 gold") Dent.
Holding on tight is definitely not easy. Remember, though: back in 1980 when the Hunt Bros. were wildly buying silver futures, and the price topped $40, the national debt was in the billions. Think of that. That means at least 25 times more money and credit has been created since then. Silver would be more appropriately priced $300-$600, and gold well over $25,000. If that sounds fanciful, the Hunts could buy a new car for $3,000, a first class stamp for 15 cents, or a decent single family home for $60,000.
A modest proposal: demand the Fed turn over the gold to the Treasury yes, they are the real owners, not"the people"- but be sure to reimburse them at today's spot price in digital "money." Then demand that the Treasury make the so-called "security strip" in "money" be made of real gold, or silver, restoring its role as money. This would mean that people would be forced to give up their actual gold when it came time to pay taxes. The budget would be balanced in a hurry.
You know, it's pretty easy to check and you are dead wrong. At this moment there are 68 listings for 100 oz Engelhard 100 oz bar on EBAY; JM Bullion has all kinds of 10 oz. bars, and you can even go to the mine, in some cases, for example First Majestic, who also carries them. It's hard enough to try to stay on top of the markets without having to deal with a bunch of pumpers
Hope you're right. What MUX needs is a purge, not just a surge- can you believe that not one director has bought shares, under a buck, all year. Rob, who at least kicked in an additional $2 million last week (buying at an avg. price of $0.87 USD) should be taking names and kicking asses. And the shareholders (you know, us guys) were fools for giving them all a pat on the back in recent proxy voting: never vote for a director who owns no shares.
Anyone who claims Joe Sixpack is in for a Debt Jubilee is blowing smoke. The only ones who got a jubilee the past 4 years were billionaires getting a tax jubilee repatriating overseas profits.
Remember: During the Clinton administration, American consumers could no longer even deduct credit card interest. Under the next great liberal, President Barack Obama, students could no longer discharge their onerous debt via bankruptcy. Does that sound like a wave of sympathy from the ruling class? I think not.
And as a historical footnote: during the Great Depression, Chicago schoolteachers went without pay for 6 months. There was no forbearance on making their home mortgage payments, though: in those days it just took one missed payment for the banks to foreclose.
Sorry, I read the October 1 agreement with Moog wrong- they do keep Horsefly. But giving up Surefly on the cusp of FAA certification for $4 million is a big blow, IMHO, and this company has a lot to prove before I climb back on board.
Sorry, Burns just sold liftoff for peanuts- Surefly and Horsefly gone, the two most exciting, and very highly touted projects-and Surefly the closest of all manned electric vehicles to FAA certification! Was an enormous disappointment.
You mean there are actually still people on Earth who pay attention to what Deutsche Bank recommends? Douche Bank?!
Good luck!- that's a pretty slender straw to be grasping at.
"This isn’t as bad as the zero-down, sign my cat or dog up policies of Countrywide Mortgage and a few other Banks back in 2007, but it’s not far off.
The Big Banks have learned absolutely nothing "
The big banks have learned to securitize their mortgages, so it Mom and Pop who are going to bite the bullet in their pension funds, not the banks.
Well, good news (if you are long the market, that is): Trump can no more fire Powell than he can fire Pence.
Is everyone really asleep here? (hint:( From Wikipedia) "Gold is thought to have been sent to Earth following its expulsion from a giant collapsing Black Hole formerly known as the stock market."
If this is true, why was there no follow up on their extravagant claims regarding portable generator sets to be sold to the U.S. military- quiet running, nearly vibration-free and half the weight of the competition? Where were the millions of sales to Asian cycle makers? (the real world, unlike MLER, cannot run on BS)
If the scandium is just lying there waiting to be scooped up ("SCY is easy geology at surface"), it might be nice if they started actually digging the stuff out instead of just talking about it, especially since it goes for $122,500 a pound. The Finland news is IMO pure fluff.
Why indeed. No nation wants to back its currency with gold or silver, which naturally constrains unlimited creation of new debt. A gold, or in Mexico's case, silver backing would have to be dragged kicking and screaming out of the powers that be by workers sick and tired of sweating their asses off in mines and then being paid in depreciating paper. Yes, it has happened before, but modern Big Brother technology makes it much harder for real leaders acting on behalf of the miners to stand up.
Neumeyer deserves very little credit for merely yakking about silver manipulation- he could have done something about it, instead of ramping up production while the price is so low that he virtually shows no profit (and that was before the dollar was strongest) so he could brag about being "A senior producer,"
we would have been in better shape, IMO, if he had temporarily shuttered some mines. For that matter, he could have formed a Majesticcoin subsidiary, and issued cryptocurrency backed by...real silver coins!(but that would take some brains)(instead, he sells them for $18.50 each). But the sheeplike shareholders approve every nominee and every proposal each time, so they can just blame themselves.
A great post, but it is even worse-a lot worse than that: Hecla was $40/share in 1980. Of course, silver was $40 also, but the real key to their shabby performance is the breathtaking stock dilution, especially during the Baker era. It is so bad that IMO they are unlike to shw more than a few cents/sh profit ebemn in good time. The shareholders could, of course have withheld their proxy votes at any time over all these years, but they never did, so ultimately, they vcan blame themselves
The swiss franc, until a few years ago was widely hailed as the bedrock currency because of all the gold in their banks- and then the government deliberately devalued the currency to protect domestic industry. The so called yuan breakthrough, where oil sellers can supposedly exchange their yuan for gold ignores the fact that those using dollars can always do the same- just buy gold with it. Now when the yuan says "payable to the bearer on demand in gold,": as the dollar actually did until FDR got his hands on it in 1933, give us a call, because that will be real news. China was, after all, the nation that inflicted paper money on the world in the first place, and the temptation to simply print money when it is convenient has overcome any scruples since WWI.
Yes: a one penny per share net quarterly profit means AG's PE ratio, even after the price collapse to $6.24, is over 150. That is pathetic enough, but the worst part is that this means there was essentially no profit at a time when the dollar was very strong vs the peso, and of late, with the peso surging, at current silver price levels, it is hard to see where any profits will come from. The strategy of boosting production to be a "senior producer" was suicidal: Neumeyer should have cut production, employment and costs to the bone. I have expressed these concerns to mgmt., but having all proposals passed at the AGM, they will do as they please.
Now if a few directors would dig into their own pockets, instead of ours, to buy some shares on the open market, the markets might take them seriously. (That and stop selling silver for $18 when the CEO has been predicting "three-digit-prices" for the past two years.)
Well, DeBeers was not impressed enough to act (from company release 12/123/16: CanAlaska has received notice from De Beers for the termination of the West Athabasca project option."
Per ardua ad aurum
There's nothing remarkable about it, and that's why the SP is tanking. Two years ago Neumeyer predicted triple digit silver prices, hasn't bought any shares for himself as the SP tanked, and in response to low prices, brags about boosting production. An operational genius, but an idiot when it came to enhancing shareholder value. Vastly increased production and not a dime to show for it- correction, 5 cents a share for the year. That would be a PE of 200. We would have been better off if he had stopped production entirely and just paid the workers to go home to play video games or hunt. And that is the cold hard facts.
From WNN: "14 January 2016
(includes comments from a business update held by Lightbridge on 14 January.
Lightbridge Corporation has received final regulatory approval for irradiation testing of its metallic fuel at Norway's Halden research reactor. The company has also entered an agreement with US fabricator BWXT Nuclear Energy to evaluate the possible fabrication of fuel samples at BWXT's US facilities.
Reston, Virginia-based Lightbridge announced on 12 January 2016 that the operator of the Halden reactor, the Institute for Energy Technology (IFE), had received approval from the Norwegian Nuclear Radiation Protection Authority (NRPA) for all planned irradiation of Lightbridge fuel, which is expected to begin in 2017.The NRPA issued its approval following the submission of a safety report by IFE on the irradiation testing of the fuel and the approval of an export licence by Norway's Ministry of Foreign Affairs.Lightbridge's advanced metallic fuel is made from a zirconium-uranium (Zr-U) alloy and uses a unique composition and fuel rod geometry, which, the company says, enables it to operate at a higher power density than uranium oxide fuels in use today.[**] The NRPA noted the safety advantages of the fuel, including its thermal conductivity and the reduced likelihood for a release of fission products in the event of a cladding breach, Lightbridge said.The company signed an agreement with IFE in July 2015 covering irradiation testing of fuel samples under prototypic commercial reactor operating conditions. Post-irradiation examination of the fuel samples is to be carried out in Sweden by Studsvik."
**Now all of this sounds very encouraging except for one thing: I can find nothing that says LTBR has ever actually produced a single uranium-containing fuel rod of the proposed design for testing. At first glance you would think they had, but I am not sure and have been unable to contact anyone in IR (855)379-9900. If anyone has, please share it. They are scheduled for yet another conference in NYC shortly, and I hope someone raises that question.
Yeah, and Keith Neumeyer over at First Majestic (AG)is calling for triple-digit silver (but he is selling it at the firstmajestic.com site for $21.50 at the moment). So I ask you:
if you owned a house that you were surer would be worth a million dollars in 5 years, would you really be selling it for $200,000 today? I like both companies, but when it comes to CEO blathering, Mark Twain's comments (he burned his fingers during the gold rush and describes stock certificates being wildly traded among friends and even being used to pay for meals) come to mind: "A gold mine is a hole in the ground with a liar on the top."
"Now, a new anchor for world’s monetary system needs to be found." In a world of fiat currencies, whose value is constantly changing due to the vagaries of each nation's monetary policy, you will never find such an anchor- the SDR* is nothing but a "market basket" of fiat currencies, and putting faith in that is an act of faith. That is why transparent, simple gold standard developed in the first place: no one really knows how much your friendly central banker is cranking out in his basement.
Hans Sennholz, in his excellent book Age of Inflation, asks "when will the world make peace with gold again?"\
*originally intended as a method of reducing the national debt. Treasury agents were to walk the streets asking people to define an SDR. When they could not, they were fined $100. No one managed to answer correctly. Great concept, the SDR.
With recent patents in China, Vietnam, and Europe, you would think that one or more customers with fabrication facilities would be eager to produce the rods in exchange for a discount
Does this mean drillable hours and not just billable hours at last? Be still my beating heart