WallStreet proverb: buy 'em when nobody wants 'em. Although ... this from the Mogambo Guru if you want another reason to sell your own grandmother to get money to buy silver, and lots of it, then listen to what David Bond, associate editor at Free Market News, says. China, he says, has admitted that they have literally run out of silver, and now they need to buy it! A country so big that it has almost five times as many people as ours needs to buy silver, because we, a country that has five times fewer people in it, have used all the silver to get to where we are! I mean, the potential demand for silver staggers the imagination!
Say that SSRI is more a perpetual call on silver, while PAAS is a more conservative (better priced?) equity: SSRI shoul be more volatile then PAAS. The actual ratio is not that important. SSRI was priced the highest in april 2004, while the highest ratio on the chart is August while in the rebound from a pullback. What I want to show is the trend in the averages of the ratio. Up, or down? Both rising 50 and 200 DMA seem to tell: up. = SSRI attracts speculators again. Expecting silver to go up. Or is this too far fetched?
ANO, think we are getting very close to an announcement, certainly before year end, maybe by end of month...? Plowing back PAL capital into ANO...
"Trahar said it was possible that Anglo American could increase its stake in Anglo Platinum further with cash derived from its restructuring. The company was also considering means of growth and investment in the platinum firm in tandem with an empowerment plan, the company said.
"This is a road map for the future. We could buy more shares in Anglo Platinum, we have a $5bn project pipeline that needs to be financed, we could consider other acquistions, pay down debt or return cash to shareholders," said Trahar on plans for cash generated from the restructuring. "
" JOHANNESBURG (Mineweb.com) -- Anglo American is planning effectively to reduce its exposure to South Africa and to non-mining interests by selling assets, repaying debt in that country and distributing part of the proceeds to shareholders by way of a $1 billion special dividend or share buy-back in 2006.
On the auction block are all or part of the group’s investment in AngloGold Ashanti, worth some $5.8 billion at present, and its shareholding in Highveld Steel & Vanadium. Away from metals, and further down the track, all or part of wholly-owned pulp and paper company Mondi will be in play as will the interest in sugar/aluminium company Tongaat Hulett.
CE Tony Trahar was not specific as to the timing or amount of the planned sales when he spoke to wire services on Wednesday. However, they form part of a tighter focus on extractive industries over which Anglo American can exercise complete or undisputed control particularly over group subsidiaries’ cash flows. And now that the restructuring has been officially disclosed, Trahar and his board colleagues are unlikely to waste time. http://www.mineweb.net/sections/509440.htm
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