RE: RE: RE: cashI agree. Maintaining working capital or adding to assest makes one hell of a lot more sense than paying a dividend. Dividends are for companies that have significant revenue. 30% of one operation does not qualify. That revenue must go to increasing asset value. Quickest way to acheive asset value is to find an ore body. Buying one can be real tough because if the reserve is any good we will be competing with the big boys and thats a losing proposition.
My fear is that if they are just is cash it is likely to be devalued away on them in the next 9 months. Also the risk of the place they have stored it going out of business. Canadain banks haven't started to crash yet but they will. I have been saying for 18 months now that the Canadian economy was about to head in the same direction as the US. It has to because they control our financial destiny. Pi$$es me off to listen to these so called financial experts telling us they didn't see this coming. All they were trying to do is save their own financial institutions from the invitable at the investors expense. Now they are saying its a bad tim sell. They want it all not just 40% of it. I sold all my real estate and funds in Oct. 2007 and all you need to do to make that call is know how to read. Thats why they should be holding some physical until they have some specific nead for the cash. Trust me on this, dollars is going to get killed.
Got Gold.