Oidon Company, Ltd. (OIDN)

[muleofkintire]

Hello Spell,there has been a decline in both affordable gold and oil. The more intelligent management teams with the help of government incentives have developed or invest in both new technology and have reinvented their now highly sophisticated work force. It is really truly irrelevant if the mine is underground or an open faced pit the same rules apply equally in either case.

Not too long ago it cost approximately $10.00 to extract oil from sand and at the same time $5 for the Saudis to produce a barrel of oil. Today without a sophisticated workforce and the most up to date technology a mine can not survive the future of an escalating oil price.

Pits are moving further away from conveyer belts and extraction plants. Heavy equipment cost millions of dollars to purchase one piece and a fantastic amount of diesel to operate 24/7. If the reinvesting in both technology and the training of their work force has not commenced years ago I just can not imagine how it is possible to make the drastic changes required to survive in this present day/future of $100+ oil price.

Many good mines have been plundered in the past and currently in the present. Any government who has not invested in their countries mines and their miners will pay dearly for this neglect.

What we are witnessing in S.A. is a multifaceted situation that I believe will surface in the not too distant future in many other countries.

Best wishes Mary.