Subscribe via email, get all daily posts sent to you next day (and without all the annoying ads)
Name these two people. The answer will come as an update to this post tomorrow.
Those of you into Peru politics and mining will have an advantage.
UPDATE Sunday: A few of you got one or the other, two of you (commenter rawphile and mailer MM) got them both. And the answer is...
Friday OT is back:
Powered by mp3skull.com
As you can see just by visiting the McEwen Mining Store (aclaration: not The Onion). Yes indeed ladies and gentlemen, roll up roll up and you too can own a 1 oz McEwen Mining silver coin for the bargain sum of fifty US Dollars. And while you're there, check out the by popular demand Robbie Mac products including those all-important MUX cuff links and six different designs of neckties.
It's not the price performance.
Balance Sheet Still Strong: Primero ended the year with $139 MM in cash, a modest increase from the $133 MM at the end of the previous quarter as cash flow from operating activities of $28.5 MM more than offset capital expenditures of $17.1 MM. The Company is well positioned to internally fund its growth that should see production more than double from 2012 to 2016.
Yeah well, cash position up $6m, ain't that great? FCF beat out Capex, whoopee. What Gray fails to mention to his flock is this:
Working capital dropped by $16.74m since that Cormark quoted previous quarter, mainly because current liabilities rose by nearly $20m. What was that about "offsetting" again, so-called professional anal yst? Hey y'know, any old company can take out a S/T loan and "improve its cash position", what really matters is subtracting current assets from current liabilities and people like Gray damned well know that. Merely quoting cash position increases as a reason to stay long this overhyped dog without bothering to mention a significant drop in working capital is the type of half-truthing bullshit that the market is sick and tired of reading from biased pumpers who are supposed to look after the welfare of clients, rather than regurgitate company spin . Do your job correctly Gray, else one of these days you'll find somebody else doing it.
An update on deaths in mines in Peru since the year 2000:
"I am very surprised you have not mentioned the total farce that is occuring at St. Elias Mines, from the "chair" ie the CEO! disalllowing all the proxy votes in the recent SGM, (held on December 27th!) to her now suing people that have already lost a substantial sum of money investing in her stock whilst she sold down all her 15c options at much higher prices!"
...this from one week ago in this post:
...instead of looking at the markets today, your humble scribe was looking at this view.
Ignorance is bliss. Well, it was until I got online.
The flexibility and adaptability of the capitalist economic and financial system is its greatest strength