Bobwins. Thanks I caught Rick on KWN. Besides you LOL, If I needed a mentor, Id choose him. As to juniors, Im counting on prices coming down. I have some cash I'm holding just for that. I think were seeing it on a daily basis. 50 mining stocks on my portfolio and ALL are red today. I sort them by worst performance multiple times per day. When I see a downer 15 - 20% I ask myself, is there a good reason why? Many times they are some of my best profitable miners down on very low volume. Im counting on prices coming down, even the ones I own.
We just have to make sure we have the survivors. Other than Gowest and Aurcana ugg and a couple others, Im only holding cash flowing companies companies.
Funny someone made a comment that Lenic Rodriguez was on the sidelines with his cronies waiting for Aurcana to go bankrupt and I thought? I wouldn't put it past him.
Aurcanas LeNegra mine is a highly impressive low cost property, with probably 50+ years of mine life and capable of 10,000 tonnes per day. With Rodriguez gone, they are focusing on costs. Im hoping they get Lenegra profitable enough to carry the whole company, Shafter debt and all, even at $17 silver. I think its possible. If that happens and they get Shafter on its feet, plus a few extra dollars in the price of silver and they might make the story of the year. It would make a 25 - 50 bagger with $30 silver.
I spend a lot of time looking for these types of stories, high risk now, but with huge catalyst and just waiting until we get the green light.
Checkmate28
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