Thursday, May 24, 2012

Why anything to do with Russians is a bad idea


Yeah. Something must be making this stock go down.

Maybe it's the fact that their mine in Val d'Or can't dig gold out of the ground at a profit, maybe because among other things the company failed to pay the bills for the workers' health plan; or maybe it's because they're selling their only profitable mine, a tiny 19th-century operation in Peru; or maybe it's because now that the company's out of money it has to sign up for loans from companies that happen to be connected to management; or maybe it's because they're headquartered in the British Virgin Islands, which apparently is a red flag for any "publicly listed company"; or maybe it's that the TSX has put them under review, with threat of a de-list.

Or maybe cos it's run by Russians.

Rule of thumb: never invest in a company with Russians in it. In any way shape or form whatsoever.

2 comments:

  1. And tonight's episode is especially special

    http://finance.yahoo.com/news/white-tiger-announces-default-century-214100910.html

    Enjoyness

    ReplyDelete
  2. I fail to comprehend how this advances their underhanded evil plan. But they're Russian so you can be sure an underhanded evil plan must be behind this somehow.

    It's like a fucking Wagnerian opera.

    I should go check out the WTG board. There were still CMM True Believers as of last week, so it'll be interesting to see how they spin this to maintain their delusion. Proof again that some goldbug investors should really be committed to managed-care facilities.

    ReplyDelete

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