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Southern Arc Minerals Inc V.SA.H

Alternate Symbol(s):  SARMF

Southern Arc Minerals Inc. is a Canada-based investment vehicle considering potential opportunities in all industries. The Company has not generated revenue from its operations.


TSXV:SA.H - Post by User

Bullboard Posts
Post by buyb4its2l82on Mar 27, 2013 8:43pm
250 Views
Post# 21177866

More down side coming

More down side coming

Rick Rule of Sprott Global resource Investment says that 80% of the Juniors have no net present value. They are going to go to their intrinsic price which is "0". He is expecting a huge sell off to signal the bottom. Survival of the fittest in the word on the street. It is good that SA has some money, but investing in another "0" net value comany might not be a good idea when the assets they have still have not been proven. Cheers.

 

Published on Mar 6, 2013

We discuss the future of mining investment with Rick Rule of Sprott Global Resource Investments/ Sprott Asset Management USA as part of our continued coverage of the PDAC 2013 convention. According to the ever-astute Rick Rule, the notion that there isn't enough funding available to the mining industry is a mixed message or misrepresentation of sorts; there is in fact plenty of capital available, thus the actual message to take away from this commonly cited problem at this year's PDAC is that the industry must do a better job of delivering value to the investors. Rule says that investors are becoming much more selective, and that furthermore the generalist investors "have learned a lot of lessons, mostly unfortunate," over the last 3 years. Why survival of the "finest" as opposed to the "fittest"? Rule says that some of the "good guys" aren't fit at the current moment, but that they will nevertheless get funded; according to Rule, the ones that won't get funded will be the "car salesman", who had no place in the mining industry to begin with; the ones with no pedigree, if you will. Hear what the ever insightful contrarian has to say about the future of the mining industry in another great interview by Daniela Cambone. Kitco News, March 6, 2013.

Bullboard Posts