We're In a Wall of Worry in Mining Shares

Discussion in 'Stocks & Derivatives' started by hawkeye, May 3, 2012.

  1. hawkeye

    hawkeye New Member Silver Stacker

    Joined:
    Nov 10, 2010
    Messages:
    2,929
    Likes Received:
    4
    Trophy Points:
    0
    Location:
    Perth, Australia
    [youtube]http://www.youtube.com/watch?v=-4Lc3AbK6EM[/youtube]

    [youtube]http://www.youtube.com/watch?v=wcFUsVJSjE8[/youtube]
     
    hawkeye, May 3, 2012
    #1
  2. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    If you are going to buy - buy managment not ounces
    Gone are the days that lots of 'ounces in the ground' is the basis of valuation - valuations SHOULD be based on the probability of monetising those ounces at an attractive profit.
    Unmonetised ounces are not gold ore, they are still just rocks
     
    SilverSanchez, May 3, 2012
    #2
  3. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    After today its easy to feel like giving up and taking whatever money you have left and getting the f* outta Dodge....

    If you have done your math and research and have chosen quality - hang in there. When I feel like throwing in the towel I know I just have to hang on a bit longer.
     
    SilverSanchez, May 7, 2012
    #3
  4. hawkeye

    hawkeye New Member Silver Stacker

    Joined:
    Nov 10, 2010
    Messages:
    2,929
    Likes Received:
    4
    Trophy Points:
    0
    Location:
    Perth, Australia
    Yeah, but I've been feeling like that for awhile now. Just a bit longer. OK, just a bit more longer. OK, a bit more longer, it's going to bottom any day now. Gahhh, I wish I had all the money to spend right now...

    But hey, it's all invaluable experience.

    Let's just say I haven't looked at my account in awhile. All the red ink depresses me.

    Hanging in by fingernails....
     
    hawkeye, May 7, 2012
    #4
  5. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    Takeover/Merger time soon - will be lots of activity... its only fiat ;)
     
    SilverSanchez, May 7, 2012
    #5
  6. Blame_Game

    Blame_Game New Member

    Joined:
    Dec 30, 2010
    Messages:
    153
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Melbourne
    Aymen to that!
     
    Blame_Game, May 8, 2012
    #6
  7. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    Hang in there everyone, we'll get there - I was looking at all the 10 year charts - we are seriously in the bottom end of a serious panic sell period in the sector. Hunker down if you believe metals are still in a bull market. We'll get there, QE is always a possibility and that can come in litterally overnight at anytime.
     
    SilverSanchez, May 8, 2012
    #7
  8. thatguy

    thatguy Active Member

    Joined:
    Jan 18, 2011
    Messages:
    5,805
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Brisbane
    So PM prices are historically very high and yet PM miners share prices are nastily low. Does this mean then if PM prices were @ levels a decade ago no mining would be feasible?
     
    thatguy, May 9, 2012
    #8

Share This Page