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  • Shares of South African miners sink as the country's mine workers union calls for a 60% pay increase on gold and coal producers. The union says it is seeking an entry-level minimum monthly wage of 7K rand ($750) for surface workers and 8K rand for underground workers vs. respective current minimum wages of 4.7K and 5K rand. AU -3.7%, GFI -3.4%, HMY -1.9% premarket. [View news story]
    Any mine wage increase should be tied in with the profitability of HMY. If price of gold benefits the company then a pre negotiated pay increase should be included. No profit no wage increase which includes layoffs to sustain the company. Being pro union it goes without saying that the miners should blame the Comex, wall street greed and financial institutions and not the management of HMY. Greed and manipulation is what drives the price of gold down and no other factor.
    May 20, 2013. 11:13 AM | Likes Like |Link to Comment
  • Dell (DELL) declares its first-ever quarterly dividend of $0.08 per share. Forward yield 3.04%. For shareholders of record Oct 01. Ex-div date Sep 27. [View news story]
    I notice Cramer likes to suggest how to run this company and disparages it but lets face reality. Cramer was wrong on his Fedex call and many more. I laugh when a caller calls in to remind him of a stock that tanked after he recommended it. His true and dependable response is to quickly change the subject. There is a reason 80% of people are followers and sheep and Cramer has this market cornered.
    Sep 7, 2012. 07:49 AM | Likes Like |Link to Comment