RE:RE:RE:RE:Just an observation Great to have a real intelligent conversation going here!
..and yes welcome back oldfx.. and chuck..
few points: I do not think Nuemeyer is stupid.. he already demonstrated what he will do when the silver price goes below FRs cost of production.. (between $20 and $12 depending on which mine) he will stockpile silver and wait.. I believe the company is strong enough to survive even if silver hits $8 - $10 levels.. and I don't think those numbers are necessarily inevitable.. at those levels of course the FR stock price will be hard to bear for shareholders but the lower it goes the better the opportunity for buyers as in my opinion those kind of silver prices will be insustainable and a rally like we have never seen will follow.. when/if we see a final capitulation I don't believe it will last long and Nuemeyer understands markets better than most CEOs in this sector.. he knows all about trading and defensive measures.. it would not surprise me if he uses hedging trades to help the company.. but I doubt and indeed hope he does not hedge FRs silver produced though he may well continue to hedge the by-product metals such as lead zinc etc.
To compare what happened with Uranium to PMs is misleading imo.. uranium suffered it's biggest hit as a result of Fukushima and also the Uranium market works in a different way to gold/silver.. producers are able to sell Uranium at considerably higher prices than the spot U price as the trading of most U is done based on future contracts.
Speaking of Uranium I am currently buying.. and as we are all here to make money (aren't we? bogi?) if you haven't looked at the sector fundamentals and some of the deals available (stock prices) I think anyone looking for possibilities right now could do a lot worse than check the U sector out.. As we have been doing some name dropping here I will drop one who helped me make enough to retire early with some of his picks (and one in particular: ATC which I rode from 8 cents to 10 bucks!) between 2003 and 2011.. Rick Rule.. did you know he used to post here on SH way back under the ID of "rule".. I used to chat with him then and he was happy to discuss the companies he was buying (usually millions of shares and often subscribing to PPs) .. try googling "rike rule uranium" ..and of course I have to mention my old friend the astrolger because he is saying Uranium is going to start a big run around the end of this year.. and look what is currently happening to the share price of U companies right now.. looks like a deal to me!
You can thank me later ;)
Best of luck guys!