dickie3times
06 Apr 2015
Re: Litigation Costs Longlad.........I am with you on all counts there.I kicked of when we were in the mining boom that would make us all rich debauched and disgusting, toped up with extra intrigue around Zinc ( all Zn mines about to deplete and close leaving HER joyfully supplying the world with high priced metal and calling the shots for benefit of shareholder. Spivs galore playing the futures market helped the sense of anticipation.5 years later the sunami sp event is still eagerly anticipated but the world has calmed down. ( true LME Zn stock in ''gentle'' decline but if present trends continue still some 4 to 8 mths off a level which could trigger a meaningful sp uplift )So HER switched feet and now stands on the Cu foot resting the Zn/Pb foot. The game is how to stay alive and get to a point where we can produce profitably without giving the of the in situ ore bodies away (comparative).I have stated my stance.........ie I believe the grade, ore body character and the quality of our team and Team leader justifies my continued confidence and support. Also the metals we are in are good ''bets'' in the short to medium term.I do believe we will mine in 2016 and if lucky even 2015 and I think the day will dawn when we will see HER as a major player in Cu and Zn and a significant member of the Chilean mining fraternity.Without under estimating the task ahead. ( I am unclear about the ore to waste ratio as I post, that is for the feaso )All that whilst agreeing your fatigue and frustration.GL and best wishes all ............AIMHO DYOR from the biggest optimist and most unsuccessful investor on AIM itsaduster
dickie3times
25 Jan 2015
Oil in 'schizm'....?? ..and i'm reducing my holdings in OIL for quality precious *metal miners, *pharmas and *tech stocks >The tech industry looks ever more exciting with newer technology, especially the applications of 'facial recognition' that has got hundreds of companies interested including the worlds airline industry....?...sink or swim?Big decisions in the oil industry as the oil price continues to collapse. Will the oil industry go into 'schizm' (a word usually reserved for the church)? Investors must decide as the industry is about to end 120yrs of control over the world's oil energy resources and give way (finally) to the innovations of the electric vehicles powered by 'lithium' batteries...the big car makers are slowly switching to electric and will survive, while the oil industry will suffer huge losses and inevitable mergers or take overs, giving the small investor a chance, maybe to get his money back.....if that is, someone wants to buy out the company. Do or die, sink or swim, that is the decision many oil investors are making right now?OIL STOCKS ARE IN SCHIZM~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~Oil Drillers ‘Going to Die’ in 2Q on Crude Price SwoonJoe Carroll Jan 22, 2015 9:39 pm[link] drillers will begin collapsing under the weight of lower crude prices during the second quarter and energy explorers who employ them will shortly follow, according to Conway Mackenzie Inc., the largest U.S. restructuring firm.Companies that drill wells and manage fields on behalf of oil producers will be the first to fall after the benchmark American crude, West Texas Intermediate, lost 57 percent of its value in seven months, said John T. Young, whose firm led the city of Detroit through its 2013 bankruptcy.Oil companies have slashed thousands of jobs, delayed billions of dollars in projects and dropped or scaled back expansion plans in response to the prolonged rout in crude prices. For oilfield service providers that test wells and line the holes with steel and cement, the impact of price reductions forced upon them by explorers will start to pinch hard during the second quarter, Young said Thursday.“The second quarter is going to be devastating for the service companies,” Young said in a telephone interview from Houston. “There are certainly companies that are going to die.”Oilfield-service providers are facing a “double-whammy,” he said. Even as oil companies are demanding 20 percent to 30 percent price reductions, they’re also extending wait times before paying their bills, enlarging cash-flow gaps for the drilling and equipment firms, he said.
dickie3times
25 Jan 2015
Re: Litigation Costs Stinks.....
MacPithy
18 Dec 2014
Re: Litigation Costs He is now in Ophir using their shares as collateral.Any views???
