RE: I don't understand??suppose he has a large number of clients wanting to bail out and he doesn't have quite the amount of cash he needs to satisfy their panicky redemptions. He could sell his $2 or $3 silver standard (I'm just guessing but probably not far off) but this would trigger big cap gains so instead he sells the stink to raise cash.
Jim Sinclair puts his money where his mouth is..........no stock options for poor management performance like the 20 other jrs in my stinkfolio. Plus the Tann Man drills his own holes on the cheap and moves on to the next license without worrying about some POS drill rig. One of my jrs.. Dumont has had drill equipment problems 2 years in a row because all thats availble is beverly hillbilly type drill rigs.
U know its dame near impossible to tell where gold and silver will be six months from now so I'm moving most of my jr funds into SLW and Tann Range. No sooner than I opened my Piehole up on another board than one of my juniors chit out another stock dilution on Friday......Jim Pappy is selling because he doesn't want to lose any more money.