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3/28/17

Goldcorp (GG) bets on Chile

Bigtime.

Just when you thought optionality plays were going out of fashion...

PS: The worst thing about this deal is that on the back of the XRC end of this GG move, we now have to suffer the noisy idiots at the pump end of this sordid sector giving us another round of buy talk on the worst companies and projects out there, all those optionality things that will never ever work but are simply used as currency transference vehicles (from the pockets of dumbasses to their, via share transactions). International Tower Hill (ITH.to), Chesapeake Gold (CGK.v), Vista Gold (VGZ), NadaGold (NG), TwatMining (GOLD.v) and, of course, that godawful Scamsberry/Katusa pump up at Pebble.