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Thursday, December 5, 2013

Scotia on near-term gold producers


Upon browsing thru the Scotia mining conference webcasts, I was struck by something funny:

2:30 p.m.
Continental Gold Ltd., Guyana Goldfields Inc., Sulliden Gold Corp.,
TMAC Resources Inc.

Look at that! Continental, Guyana and Sulliden are now near-term gold producers!

Geez, that's what happens when you quit paying attention to junior gold stocks, eh? You completely miss out on exciting new developments.

I feel so embarrassed about giving up following these stocks. Hey, lemme check their charts right now! They must be fantastic!

 Eesh. This what happens to a company that's going to be "producing" "gold" in the "near term"?



 Ouch. $1.65 for GUY? Hope they don't need to raise capital.




SUE doesn't seem about to "produce" "gold" in the "near term" with a chart like this, either.

Were these the best near-term producers that Scotia could find? Or just the ones most interested in promoting themselves? Cuz you'd expect a real "near-term producer"'s chart to look like something other than a floating turd lump circling a flushed toilet's drain.

I guess Scotia must be buying these stocks hand over fist, eh? Who cares if they already have staked a position - now would be the ideal time to double down, y'know? Take profits on their previous stunning successes, and plow their money right into these "near-term producers".


4 comments:

  1. Thanks IWNATTOS, I was already having a pretty awesome day and then I read this:

    "Cuz you'd expect a real "near-term producer"'s chart to look like something other than a floating turd lump circling a flushed toilet's drain"

    My belly hurts from laughing so hard.

    ReplyDelete
    Replies
    1. The tone of the cynisism is what cracks me up. It was a great post credit should be acknowledge for originality and honesty

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