Post by
rbsanitation on Oct 27, 2011 11:34am
Timing is everything
The former chief didn't close a sale with AEM, punt.
AEM closes a mine after trying, all spring & summer, to buy Queenston.
AEM needs to fill an immediate hole in their production otherwise a slide continues in price.
New chief likely looking at other suitors now that AEM may not be able to pull a deal together based on >$200/oz.
Gold has just begun a new attempt at previous highs and the USA have printed enough Billions now to afford $2,250.
To the financings that happened at $6.70 and the most recent at $7.50 (AEM bought in at $5.25 when the last buy at $7.50 happened) I suspect the fireworks will happen before May 2012 when QMI and the Aztec calendar end.
If this chief can't make a sale happen QMI is headed into being a miner...
arrivaderci