Phew. What a Day! First, many thanks to Helicopter Ben for the gold coins from heaven that fell into our collective coffers these last 30 hours.
And especial thanks to Kew12, for his informative and knowledgeable contributions to this board. So much appreciated.
I have a huge position in SSL, slightly over 750K -- I say this as modestly as I can because I'm far older than almost everyone here and have been a professional investor since I retired five years ago. (It obviously takes time to build a huge portfolio.) I'm 100% invested in gold and silver and have been for two years. The last 18 months were obviously unkind, but I kept the faith. I have absolute trust in guys like Jim Sinclair, Eric Sprott, John Embry, James Turk, Dan Norcini and several others, all of whom contribute regularly to Eric King's "King World News" website. If you don't already check this everyday, and are a precious metals investor, you're honestly missing out on vital opinion from the best minds in the business. Also, check the invaluable `Jim Sinclair`s Mineset`everyday -- these are both gratis sites.
With reference to Kew's typically informed and helpful comments on SSL warrants: Strange, strange trading IMO. The new "B's" seem to me grossly overpriced (as a warrant trader of 30 years). At $2.83, the last trade I saw, the common has to hit $16.83 before they break even. This is some flukin premium, even given the 2017 expiry date. The 2014`s, with practically NO premium, and 20 months of life, are, at least in relative terms, an absolutely SCREAMING buy. Realizing this, I dumped all of my 2015 warrants today (130,000) and bought more of the 2014`s, of which I now hold 370,000. If you have access to house trading positions, you`ll see my 10 or 12 BMO trades out of SSL.WT.A and into SSL.WT. Twenty months, given the raging momentum of this company, is a near eternity.
To the tavern!!
Great weekend everyone. Paraphrasing Ralph Kramden,
`We`s goin`to the moon!``