RE: RE: RE: RE: RE: Some traders No, I used to speak to them every few weeks but I sold my PP shares when they came free trading and have been sitting out of this one since. I also sold my non-pp shares when it was over 10 cents. The reason I sold was that Bob told me they would wait until the share price was much higher (say 20 cents) before there would be another financing but then they anounced the second round of 20M shares right away... NOT IMPRESSED.
I'm sitting this one out for now. I'm not seeing much positive here foe the moment. You can't blame everything on the market. I used to talk to management and report here all the time - it;s someone else's turn now... Not much being posted for the long-term outlook here.
On a positive note, they will have to do QE3 regardless of anyone saying otherwise. I suspect it won't happen until people are crying murdur and there is rioting in the streets - then it will act as a campaign platform for Obama to imlement it. The ECB will also be forced to print a lot more money too. By 2013-14 we should be experiencing some pretty severe inflation. We are already seeing it in higher food prices right now. Building materials are also starting to go up. I picked up another 500 0z of silver last month and I'm glad I did as it is moving up already. If it dips again, I will buy more. I was hoping it would dip to 20-22 dollars first but no such luck. Of course the value of precious metals is not going up - our currencies are just losing value. With provincial debt, in Canada, we have 1.2B dollars of debt.
Cheers