RE:RE:RE:News out from XGC.... I got in into RMC only a few months ago, so I'm not attached to it and my position is not great in comparison to the numbers that some have indicated.
Once an individual starts making decisions on emotions, and being attached to a stock, because of their convictions, it often leads to unpleasantness.
There are way more better oppurtunities around, in the gold and silver sector. To go against the tide and go into a potentially long hold, doesn't make sense.
Some are convinced that the commodity downtrend is over. I don't think so. Its goind to get worse before it gets better. Central banks have tried everything to get economic acitivity going but have failed. The US is the best and getting excited with a 1% GDP growth. A few years ago, 1% growth would be considered a recession.
Take a look at Caterpillar - they stated that present conditions are comparable to that of the 1940's! Yes some of the mining companies "bounced back" as shorts covered their positions - but the rise is not sustainable unless economic activity picks up...
There's little revenue growth...improvements are coming due cost cust...looka t Freeport, Caterpillar, Glencore ...
I believe this is a buyers market. Cash is king. No debt is also king.
In this board anybody that is pro-merger is attacked, by those are emotionally attached to their stock...and they try to impose their will on others...By accepting NSU as a good company is taboo...all their positives, of cash, no debt, robust balance sheet, generous dividend, revenue growth, reserves growth - NSU has an in Eritrea - they have established themselves and its been a win, win...the prospects of increasing reserves are excellent...wouldn't surprise me for the mine life to be extended at least by another 10 years on top of the projected 10....the drilling results have been excellent, and there's still a lot of territory yet to be explored...
Investors should do their own diligence and make a rational and not an emotional decision.
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