Cool, I can make the first thread post here!Currently I am looking at getting/speculating on some junior mining stocks.There are a few factors that need to be taken into consideration and I would like to know what others think about these.1) Non American/Canadian/Australian based juniors may if the world economy tanks face a serious risk of being nationalized and thus the host country taking over 50% of ownership. How real is this risk? It’s happened to oil companies before.2) How to determine if/when a junior is likely to make it into the production phase, given rising fuel costs which are a major operating expense, I think this could run some of them broke, if their finances aren’t big enough for this.3) A lot of these juniors have huge numbers of indicated and inferred ounces in their prospectus, how to know if it’s not just a bunch of baloney and if accurate, what are their chances of making it through to production ie: what are the KEY indicators to look at.4) These juniors interest me, does anybody have an opinion about any of them?PEM.V
Premium Exploration, IncMXI.V
Merrex Gold, IncOCO.V
Oroco Resource Corp.CTG.V
Global Minerals Ltd. -> I like this the bestPGLC.OB
Pershing Gold Corporation -> Formerly SagebrushEPZ.V
Esperanza Resources Corp -> Suppoused to be a takeover targetThat’s all.Sweeves
I’ve gone with :PVG HLLXFWhich I think are quality plays and have paid off handsomely, And then my speculatives are which of course i just continue to double down in undervalued territory.CGJCFFVGCFI’ve heard good things about Esperanza and have been following, Just waiting for the under water buy order to hit.
Must say I hear good things about miners constantly. Even though I attended the 2011 Silver Summit and was surrounded by miners and miner info—-I’m not there. Not into it
at all. Stop reading or listening as soon as the subject goes that way.
Be happy to hear why someone thinks I’m missing the boat and/or have
someone tell how easy it is to begin….but if ya ask me way too much time goes
into miners–which I understand is terribly under valued—but still paper.
4 oz I agree, I personally prefer to hold physical silver above any paper. On the other hand, our silver miners need money to be able to function, so holding silver mining stocks is the only paper silver activity that I condone to some extent. I however, with my very limited South African-based budget, will continue to stick to physical silver.
I’m like 4 oz. and silverbullion…I just can’t get into miners and have only been into physical. I keep telling myself that while silver is warm and safe, it’s the mining shares that will catch fire. Then on the other hand mining shares are just a better grade of paper. If things get bad then shares would do great. If they get really bad then paper is meaningless and physical will be better. If things get VERY VERY bad then it doesn’t matter which. Better to have some cases of Mountain House, a few cases of Scotch, some seeds, a place in the sticks and a 12 gauge. Just saying…
I have been watching and trading in and out of Tinka (TK.V) since SGS and TFV have been commenting on them for the last couple years. I read both of their blogs daily. I don’t do much stock gambling but my wife does have a small account that I gamble with. It’s kinda like buying a lotto ticket, because you never know when your walking around lucky.
I have no problem with holding mining shares, the key is doing due diligence. You do not want to own miners that have exposure to regions of the world apt to be nationalized, eg, Peru, Bolivia, and some nations in Africa. I think that the jurisdictions of Canada, Mexico, and the US are sound – l cannot see them nationalizing tracks of land, BUT l can envisage them screwing the miners with one-off ‘special’ taxes or just increasing the corporate tax rate for them. I am in Agnico-Eagle and GoldCorp, and l trust their size and management skills. I was in Pretium Resources and Hellix Ventures but l took profit on them. Dollar/penny stocks are for suckers. Due your due diligence and have confidence in what you do – that way you wont get bumped out of your position if the shares head south.
" I picked up a few semi-numismatic coins a couple of days ago. Did not have any of them in my stack so I wanted to round it out a bit with a few of the prettier coins. I am still a fairly young guy at 35 so I am keeping my glass half full. I am certainly discouraged but I do believe that eventuall... "Reply To: My Faith in Silver is Just About Broken
" Shortwave ham frequencies provide worldwide communications daily. VHF/UHF has its place in local comms. No morse code to get a license anymore. Doesn't hurt to know it tho because it will get thru jamming and interference voice can't. All my antennas are emp grounded, it is called lightning prot... "Reply To: Ham radio
" PS: GROUND your EMP Shielding, that cannot hurt and likely helps.
I bet MaryB already has though LOL!
Is Morse Code still part of the HAM License?
They cannot really shut down the frequencies, but may attempt to jam them.
But more likely they will monitor these channels.
... "Reply To: Ham radio
" There goes the idea that I could get in cheaply! I knew that was too easy.
Would I be able to contact anyone worldwide? That was my thought going with this idea in the first place. What's the point in buying one if it doesn't go worldwide? I thought they all had global abilities. I may ha... "Reply To: Ham radio
" I have thought about this. If it is not in the US, it is a risk IMO.
Even in the US, it could still be seized in a bank holiday. hard to say
Thanks for perspective, Mammoth "Reply To: Chinese yuan bank account
" Silver Dollar - if I cash out now I cannot buy silver in Ecuador for anywhere near this ridiculously low price. Its just that I have been concerned that when things collapse all I will be able to get over here is the cash. And I have to worry if some government will steal all funds in goldmoney.
... "Reply To: What will happen?
" Store a radio in a steel container, make sure to bubble wrap it for insulation. Stick it in the attic, garage, wherever as a spare in case of confiscation. I have an old Drake tube rig I am restoring that will be mostly EMP proof "Reply To: Ham radio
The analysis and discussion provided on SilverDoctors is for your education and entertainment only, it is not recommended for trading purposes. The Doc is not an investment adviser and information obtained here should not be taken for professional investment advice. The commentary on SilverDoctors reflects the opinions of The Doc and other contributing authors. Your own due diligence is recommended before buying or selling any investments, securities, or precious metals. We do not share in your profits, and thus will not take responsibility for your losses as well.