MMN macmin silver ltd

You are quite right indeed. This particular metal is a highly...

  1. 831 Posts.
    You are quite right indeed. This particular metal is a highly sought after commoditty in the industrial world. it has more utility there than on womens wrists or homos ar*ses.

    Unforutnately and equally true is the fact that companies with an interest in silver are an invitation to lose your shirt, especially where they have a track record as productive as that of MMN in metals and exploration.

    Silver by big companies involved in large mines is perhaps a more worthwhile cause. Mining by nature is capital intensive and prone to the vagaries of all of its factors from machinery, labour, land and caiptal. It is considered risk capital and the cost of it well weighted or otherwise, high.

    Small to medium sized mining companies like this one will always have El Dorado in their sights (in their third eye) but will rely on the continued round robbin of 'assing the parcel' and musical chairs to maketheir price stable.

    Whether this is with the knowledge of its board or not is another matter. When the physical is dug up and sold in large enough quantities to be proven to be worthy of specualtive buying and selling, the price will reach an equilibrium and stablise. Then you will not have to look over your shoulder with your investment.

    If the Iranians decide to join the rest of the fold then look out for silver even if it is with these minnows. because they have an insatiable appetite for the metal and the money to pay for it as well.

    Don't stare at Dark Clouds too often (behind them lie silver linings which are mirages like clouds).






 
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