GREY:HRIVF - Post by User
Comment by
Critical_Masson May 25, 2010 12:14pm
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Post# 17128878
RE: RE: RE: RE: where are the pumpers? Calgary
RE: RE: RE: RE: where are the pumpers? CalgaryAdd to gold going up the fact that the USD appreciation compared to every other currency also reduces our mining costs, as they are mostly in RUBs or tied to the Euro. The Bakina Faso currency is tied to the Euro. And then convert the extra USD revenue back to even more CDN dollars.
Win win. The next quarter is going to be massive. Production up, Gold prices up, Costs down, Favourable currency moves for it all back into CDN which we report in.
Got to love panics. As long as you know what you own. What a buying opportunity. Who the heck is selling gold stocks now... Really. Apparently plenty here but I don't get it.
The only reason I can think of anyone would be selling I can think of is to meet margin calls on others stocks.
And add to that news about Severstal moving forward on thier Gold IPO.
What a joke. Please sell. You're going to make some happy buyers this time next year or whenever that IPO happens.