zen when ctindale was telling folks over a year ago the sky was falling I was buying with my ears pinned back. Juniors were going to run out of cash he said. Exactly, so I took up parcels in them , awaited the severely discounted rights issues to recapitalise them and did quite nicely thank you. You could gold in the ground for $3 an ounce in some cases. In one I got silver at 15cents an ounce!
ctindale might be interesting on his debt deflationary economic views based on crackpots like Fisher, but if you are going to follow him on share investing, good luck mate, you'll need it.
his words from Jan 09
'On the current course off the economy and if the debt deflation scenario continues to play out companies like RAU will slowly die across the entire market as they run out of cash, this is not unique to RAU most of the speculative miners are in the same position'
now I dont have any interest in RAU but last I looked it has $4million in cash
