"I think he's spouting pure crap." - IKN
Their ceo was on a panel that Fulp ran at SFHA. He said they'd been around for 6+ years, they've got like 2 mil oz's m&i and their goal was to get bought out. So I'm thinking, what's the holdup then? The guy just gave me a real strong bullshitter vibe. I wouldn't buy the stock if it were 2 cents.
The stocks that get the most promotion are the ones run by the biggest bullshitters.
And then there are facts, like they have actually legally staked ground that forms part of the Rochester reserves. So unless there is a change in the law then they are going to get paid to leave, or they keep the silver. Now there is a moral issue here in that its a bit cheeky to take advantage of someone elses work but what the fuck are morals good for in this business? My call is they will get offered 45-50c, purely based of a wild fuckin guess. I dont own any btw - thats how sure I am!
As IKN pointed out, Coeur d'Alene's Rochester mine doesn't need RPM's patch of ground for 10 years.Junior mining investors don't have an attention span greater than a month, so don't expect the Rochester hype to support RPM's share price forever. Ten years is a long time to hold on to a junior hoping for a 10-40% return.I'm sure RPM will get a buyout offer when their share price has collapsed down to 5 cents.
Also, despite the law and what Mickey says about the Rochester case's importance, I don't think a court will rule in RPM's favour. RPM didn't explore the land, they simply have exploited a gross mistake by a Rochester staffer. The intent of the law doesn't support RPM's position at all.It's like some guy who owns a dry-cleaner finding out that the guy from Rogers Communications who signed his name to the conttact purchasing Skydome and the Blue Jays wasn't a legal citizen of Canada, so the dry-cleaner pays Skydome's concession tax for this year and says he now owns the team and the stadium because the previous contract was invalid. You don't get an easy lunch like that.
Shoe-in is an eggcorn. On this one Iwnattos and I have agreed all the way (which makes a refreshing change)and so far we're right and they're wrong. So far. The thesis all along, from the word go on this when everyone was shouting buy and talking about how they were picking up dollars thrown on the street (hah!) is how Coeur has no need to reach a deal with RPM and can let the lil guy twist in the wind for years if necessary. That's why RPM ran that placement deal when it did. CDE can delay this in the courtroom indefinitely and has been doing so. Law my ass, since when have the LiveFreeOrDie brigade relied on the law to make their junior mining cash?
FWIW, currently eating cebiche, drinking an ice-cold Cusqueña,basking in the shade of a parasol on the grass-lined patio, listening to Andrés Calamaro on the restaurant stereo and thinking of you poor souls who don't know what all that means.
I'm very worldly so I can follow most of it.Parasol = a brolly.Stereo = a tannoy.Patio = don't know the cricketer word for that, doubt there is one as it's usually too wet and cold to drink outside over there isn't it.
And god oh god, I'm not knocking yer lager mate, but Molson's writeup for Cusquena sounds awfully pretentious for a simple lager:http://www.molsoncoorscanada.com/en/Brands/Partner%20Brands/Cusquena.aspx"Cusqueña is a super-premium lager from Cuzco, the seat of the Inca empire. Brewed since 1911, it uses only the finest natural ingredients, including pure mountain water from a source at 18,000 feet in the Peruvian Andes."Like it's brewed at the royal command of Tupac Yupanqui himself and they don't just get the water out of a tap. I hope they don't charge $3 a bottle for it down there where people shouldn't fall for that kind of shine.
Yeah, that's a load of old wank. Cusqueña is the best beer in Peru, not the world. Others are ok but not much more than box standard lager-type beers. Cusqueña has more body and flavour and it's good without being something over which to wax lyrical.
We have 40 cm of snow, -15 degrees Celsius, the sun sets at 14:30.Thanks for asking, have a nice day.
Fredrik, nobody did ask.Next you'll be complaining about the attacks by frost giants and ice dragons. If you don't like frost giants and ice dragons then move the hell out of Sweden, I say.
I bet you a silver eagle the court does rule in RPMs favour! The law seems clear enough to me (im not a lawyer though). Just because it was a staff error shouldnt change the outcome - the claims were free to be staked and staked they were. If CDE do drag this out for the long term hoping the problem will go away then RPM turns into a precious metals land bank and is just another punt on a rising silver price - where I would say there are far better options out there. Running that placement was a good move IMHO - taking advantage of market conditions while they had the chance. I like your investment strategy here though - Im buying some RPM when it hits 5c!
It means im livid with green envy....im sat here in front of a log fire drinking Becks cos ive run out of Peroni, its been below 0 for 2 days and the frosts have been so hard it looks like its snowed. On the other hand I have just bought some KEF reference 203's which sure as fuck beat your restuarant tannoy hands down.