Post by
nofluff on Aug 19, 2023 4:38pm
miners
So small miners are dropping. Codelco, monster miner in trouble. Others are cash rich. The money never disapears. Someone always has the cash.
So some entity with cash, says, it is cheap enough, I will buy. Oops!!
Things get cheaper. Then other cash comes in. Govs. and central banks control.
Where r miners now?? I do not know:))
nf
Comment by
nofluff on Aug 20, 2023 10:45am
biggest gold silver mine in mexico has been shut for 3 months. The miner is saying there is no money to pay workers more. They r talking about just shutting all mexican operations down and leaving the country. Large corps have been quickly giving in to union demands only to go broke shortly after. nf
Comment by
JCSunsfan on Aug 20, 2023 8:11pm
Supposedly rising demand while mines closing. Miners are getting squeezed by gov't regs, red tape and unions. Eventually, that has to drive the price of copper up. Huge floods in China around Bejing in the last half month. It will take copper to rebuild.