money, page-21

Thanks BLOG

You might get a better quality and more relevant information from the NI43-101 released by Endeavour today, (see the www.sedar.com) site. These reports are much more informative than the "sketches" put on the ASX. You can pull all the parameters from these reports, and plug into your favourite spreadsheet. Best to base your decision making on best quality info

Also look at the Centamin data, which has a similar geology and metallurgy. As I commented on before. Centamin are doing a little worse that Regis , which is one of the front runners in Oz. So as a very experienced Metallurgust told me, that these Met problems can be solved,...and of course in this case they have been, just a bit to the north (Egypt)!!!

Market rational? I do not think so. There are some serious distortions. Some years ago, I bought IGO shares when they went to cash backing..$1.15, sold for $4 .. etc Apparently the world was ending?

With between 30-50 times more financial transactions sloshing around the globe, compared to physical based commerce, its easier to trade electronically than to dig and mine, but the music will stop one day, bit like the great mortgage securitisation "experiment" .. I would not at all be surprised.

You know the history of bubble creation, can very regularly be traced to the cheap supply of money...low interest rates for prolonged periods of time....which is what we have now...the definition of insanity (or irrationality)? when one keeps doing the same thing and expects a different result..or words to that effect



I would like to see a change of mngt and board at AMX, and the sooner the better. Can't keep doing the same stuff!

good luck with your investing, off down the back paddock for a munch on the grass, much more rewarding these days