Interesting article on Australian gold mines.

Read this in the coffee shop this morning. Was cover story in the Age (Melbourne).
Seems to be a bit more msm chatter on the topic of late.
 
https://en.wikipedia.org/wiki/Executive_summary

Come on Sammy...if it's worth starting a new thread you could atleast highlight or precis *The major points of the article.

Sure...many follow your comments...they are all worth reading but I'd prefer you to do a quick point analysis.

As a new dealer... you may want to up the ante mate. :)
 
I think I missed the Gold and Silver miners boat :(. If they crash back down I would be in but hard to buy stock that have almost doubled in price since the start of the year.
 
Bastiat said:
I think I missed the Gold and Silver miners boat :(. If they crash back down I would be in but hard to buy stock that have almost doubled in price since the start of the year.
Click to expand...

When you're working off an iPhone at times, it's a bit hard to add the extras, though I agree with you.
 
Bastiat said:
I think I missed the Gold and Silver miners boat :(. If they crash back down I would be in but hard to buy stock that have almost doubled in price since the start of the year.
Click to expand...

The boat hasn't left the dock in my opinion. We're still way below the previous high in USD.
 
The strategy seemed logical, but in hindsight, was a huge mistake.

"When you are selling assets in the bottom of a bear market, that is very bad timing in my view, we want to see the opposite, we want to see companies building themselves up in a bear market when prices are low and doing the opposite in a bull market," says Foster.
Click to expand...
There is a very simple explanation for that 'strategy' - these miners sold at decade low prices, just like governments did - why was the price that low: well, because they made it low. If they hadn't sold then, the price wouldn't have been that low, and there wouldn't have been a "bear market bottom". If you cause a low price, then that low price cannot be given as reason for what you did haha. It wasn't a "mistake", it just was what they wanted.
 
Pirocco said:
The strategy seemed logical, but in hindsight, was a huge mistake.

"When you are selling assets in the bottom of a bear market, that is very bad timing in my view, we want to see the opposite, we want to see companies building themselves up in a bear market when prices are low and doing the opposite in a bull market," says Foster.
Click to expand...
There is a very simple explanation for that 'strategy' - these miners sold at decade low prices, just like governments did - why was the price that low: well, because they made it low. If they hadn't sold then, the price wouldn't have been that low, and there wouldn't have been a "bear market bottom". If you cause a low price, then that low price cannot be given as reason for what you did haha. It wasn't a "mistake", it just was what they wanted.
Click to expand...

It too simplistic to say the miner kept selling when the prices got too low. Are you saying these few mines should have have just stopped?

These are not hobbies, they can't just stop and ...Sack the employees, defaulted in loans and renege on contracts and say to everyone tough.
You think when the prices go high again, people will deal with these people again?
 
Ipv6Ready said:
Pirocco said:
The strategy seemed logical, but in hindsight, was a huge mistake.

"When you are selling assets in the bottom of a bear market, that is very bad timing in my view, we want to see the opposite, we want to see companies building themselves up in a bear market when prices are low and doing the opposite in a bull market," says Foster.
Click to expand...
There is a very simple explanation for that 'strategy' - these miners sold at decade low prices, just like governments did - why was the price that low: well, because they made it low. If they hadn't sold then, the price wouldn't have been that low, and there wouldn't have been a "bear market bottom". If you cause a low price, then that low price cannot be given as reason for what you did haha. It wasn't a "mistake", it just was what they wanted.
Click to expand...

It too simplistic to say the miner kept selling when the prices got too low. Are you saying these few mines should have have just stopped?

These are not hobbies, they can't just stop and ...Sack the employees, defaulted in loans and renege on contracts and say to everyone tough.
You think when the prices go high again, people will deal with these people again?
Click to expand...
Do you think that a somebody, or a company, or an anybody, should continue what he does, when he has to pay instead of earn at the end of the day?

My answer is: he should do something else, what people DO want to pay the price for.

There is no such thing as a "too high", or "too low" price.
A price is a price, governments brought that decades recordbottom gold price around 2000, just like they brought decades recordhigh gold prices in recent time.
Somebody that decides to enter the gold market, ex mining it, has to 1) be aware of and 2) be able cope with that market interference of governments.
If not: as said - do something el

And, people that want to buy gold, are after gold, they don't care whether or not it's a company has ceased operation for some years and restarted, or is new from scratch. Business is business, the product matters, the production matters, the goal of a market and a living together is to produce what other people want to buy at a price they want to pay, to get what they produce at a price you can pay. The goal is not some busy-keeping or so, and that's the point of view difference between a governmental thief and a producer.
 
How many directors of.mining companies have failed before, only the rise like a phoenix during the next 'boom'... even these people's reputations will not stop product selling.
 
Bastiat said:
I think I missed the Gold and Silver miners boat :(. If they crash back down I would be in but hard to buy stock that have almost doubled in price since the start of the year.
Click to expand...
Have you missed the boat?
Perhaps one more drop to new lows?
The question will then become......Is it time to buy or is it going even lower?
 
Gilligan said:
How many directors of.mining companies have failed before, only the rise like a phoenix during the next 'boom'... even these people's reputations will not stop product selling.
Click to expand...

And no shortage of suckers to fleece either.

I know of some investors whom were diddled by the same dodgy director/company twice!
 
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