Now It is up to the BOARD to deliver, as I feel 2014 is a make or break for ORD. Let's bring it on FRANK! Show us that you're worth your excessive pay check!
This is taken from another post, as it is very informative and relative to ORD being now solely Gold focused company:
China (Greater Asia will follow) has already legislated in it's 12th five year plan (2011-2015) that it intends to drive consumerism.
The Chinese government is pushing forward with a plan that will move 250 million Chinese people from rural communities into newly constructed towns and cities over the next 12 years.
What that says to me is that there are millions and millions of people developing and establishing themselves into middle class society.
As with most middle class societies they will want to buy consumer goods (As already suggested and legislated). Middle class people want new cars, new homes, new clothes, quality food and, you guessed it, jewellery and to be able to store wealth for future generations (Soft and hard commodities).
The Chinese government has even come out and overtly said for its people to accumulate gold.
We've already established that although India has imposed restrictions on gold this year it's people are still finding alternative ways of bringing gold into the country. Physical demand is strong. How do you break centuries of tradition....? Simple, you don't. Pretty solid platform for a government opposition to run with in the next election....
Gold has been subject to a large correction this year due to many issues but it's an opportunity for good quality companies to increase productivity and it will also bring the sword to those companies that have high production costs and put the broom through the industry. This will invariably affect the supply demand dynamic going forward.
It's hardly Christopher Columbus stuff here....
I'm no Albert Einstein but I don't need a written invitation or a neon billboard with flashing lights to be able see the incredible opportunity to pick up good quality drastically oversold gold miners towards the bottom of the cycle with demand clearly in the future for gold.
And, I haven't even suggested China wanting to back it's currency with gold.....
Or a return to a high inflationary environment and it's affect on gold....
Reminds me of something Warren Buffett said
It's a no brainer!
VAN Price at posting:
0.5¢ Sentiment: LT Buy Disclosure: Held
