MrSaito

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Mon Dec 24th 18:30 PM | Rating: 0 0
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In Spite of Rising Gold Price, Credibility of Junior Gold Miners is in Question

The author's analogy of "recent events in the mortgage/banking industry" and the junior gold mining sector is flawed because even if one concedes the similarity in the method for raising capital, the scope and magnitude of the mortgage/banking situation is far deeper, more widespread, and insidious. SIV's and CDO's are off-balance sheet assets floating around out there, who knows where until a bank absorbs them into their balance sheet. Mining companies assets and liabilities are there for the investor to examine. The strength of their management team is easily assessed, as is the political and environmental environment in which the mining company operates - I don't see bailouts from governmnet making their way to mining. I don't see contract law being ignored. This is article is at best poorly researched and at worst alarmist and irresponsible.
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