RE: Still HoldingI was wondering if you and Sigs were still around, assumed you were. Halter Shane hope you are still here.
Sorry Elgen for the name calling, you got me a little riled and if I was off a few Million, one way or the other, my point was, this mined was opened, for one, and done so cheaply, in my opinion. I admit I am no mining expert, but I have been in business for 35 years and no how hard it is to get anything going especially when it involves government beauracracy.
I prefer the dilution to debt any day for the exact reasons you are saying. If the economy turns down or coal prices drop I do not want us having to pay 8 t0 10% interest on $150 mil, thats a lot of money if your revenues are down.
The financing left everyone with a bad taste in their mouth, but as I have stated and now Ark, this puts us into full production and the transport, rail spur in place, so we are a pretty little flower ripe for the plucking, before we have any turn down.
PULL 1 If you think any stock is safe you have not been around long, eg. Enron,, Nortel, Citi, GMC and how about a few safe bank stocks for your portfolio or even better buy some USDs? LOL Nothing is safe in todays world, its all a house of friggin cards, so you either take a risk, what ever you can tolerate, or you let your money deteriorate in your mattress.
Buy a bag of Gold that will last you a few years if you want some peace of mind, I did. You just divide the risk around, real estate, stocks, gold and a little cash and try to have a few skills some will want no matter what happens.. JMHO