"Invest at the point of maximum pessimism."
(Potential investors are encouraged to purchase shares in Orbit Garant Drilling as OGD.TO in Toronto where liquidity is still minimal, but the ~30,000 shares per day is much better than OTC)
(Authors Note: All figures in this article are quoted in CAD)
It's hard to find a sector that has been hit harder over the past year than the mining sector with plunging metals pricing dealing body blow after body blow to the industry. We have seen once profitable mines become mothballed, massive reserve write-downs and drastically reduced capital expenditure programs as companies tighten their proverbial belt in anticipation of a prolonged period of low metals pricing. To understand how the...
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