for what it’s worth

For what it’s worth

Here’s my summation of the general state of affairs based on nothing more then what I can see going on way outside my backdoor.

The IMF, Central Banks and The Fed, have taken down the ROS goal posts and carried them off the field. Any major goals that were going to be kicked subsequent to re-listing, have diminished courtesy of this collective bunch of incompetent global political and financial clowns. They raised their ugly heads, no less than a day or so after ROS stopped trading.

We are in for a very rough time ahead in the markets, politically and socially as the massive global debt tidal wave gathers in depth, speed and force. The impact is going to be huge, devastating and long lasting for those who are unable to ‘take cover’ and preserve their assets.

As a result of these recent and continued flogging in the markets, commodity prices have taken big hits. Copper has been trashed by about 25% over the past few months. I reckon this makes finalising Yellowstone extremely difficult given the severe change in commodity valuations. Given management have their finger well and truly on the financial pulse, perhaps they are mindful that the same crash in cooper prices in 2008, may well be just around the corner. Maybe there are renewed negotiations going on in the background to get the project on better terms? Who knows!? For my money, Yellowstone will not be happening for ROS at this stage due to the dramatic change in global conditions. Assuming this to be correct, it leaves more time to focus on developing Akjilga, which I understand is still well and truly on the table and as good as done!

I know management is very bullish on Silver. Enough has been written already on the forum about the ‘value’ of silver as a preserver of wealth and a hedge against inflation. I am sure ROS will soon make an announcement about the consummation of the Akjilga Silver Project deal. This will be a simply sensational asset for ROS going forward into the inevitable global financial and fiat currency meltdown. To be holding shares in a company that controls ‘a mountain of silver’ will be a huge bonus for ROS shareholders.

The following is extracted from a ‘conversation’ between Doug Casey and Louis James, editor International Speculator. IMO Doug Casey is absolutely spot on with his thoughts of the impending fiat currency bonfire and the most prudent way to conserve wealth via gold & silver.

“For leverage, you want gold stocks, and silver, of course. Currently, the market seems dominated by fear, and that means most of the money looking for leverage on the metals is going into producers. I like emerging producers more than the big companies, because they offer the fear-soothing plus of regular cash flow, along with the possibility of rapid growth. However, the big companies will probably be the first to surge ahead as the mania kicks in. New money entering the sector likes familiar names.

But my favorite way to play this is by speculating on the junior explorers. They require nerves of steel, as the market is very nervous about such risky stocks, but they are relatively cheap for just that reason. They’re quite cheap relative to the gold and silver they’re looking for. That ratchets up the leverage. And, of course, when a company that has nothing makes a multimillion-ounce gold discovery, the increase in value is enormous – much more than when a billion-dollar producer makes the same discovery."

Link to conversation = http://www.caseyresearch.com/cwc/doug-casey-debt-doom-and-opportunity

This is also worth a look. http://bit.ly/okdcA6
It runs for about an hour, so grab a glass of red and settle back. I reckon it has a lot of valuable information and gives great insight as to what lies ahead and how best to prepare and survive in coming years.

I remain very confident in the future of ROS and the ultimate benefits for its shareholders.

Good that our capital has been saved from almost certain desecration. Despite the ugly trading climate, I am confident that the ROS share price will hold on re-listing and go higher on pending positive news re Akjilga.