Hi Beechmere you would like my opinion on Macmin, well here it is.
None of this opinion can be used to make a trading decision as it is personal opinion only, well looks good to me!
Now for what my information sources indicate, silver deliveries being delayed with bullion dealers, consumers finding it hard to find silver, worldwide deficet in silver for years.
Fundamentally speaking if the bananas all run out and there is huge demand for bananas then the price goes up!
Here is a leveraged concept, if a company makes $1 an ounce for its silver at we will say $14 spot price, when the price goes to $15 spot price, the company virtually doubles its profit margin. At historiclly low silver prices being shorted buy the big finacial institutions and experts saying that silver could hit $600 an ounce...at $1 profit at $15 on ounce at $600 spot price a company would increase its profit buy 586 time, meaning that if they made $5 million a year thy then could be making 2.9 Billion dollars in annual profits at $600 an ounce.
With silver in the current tight position of supply difficulty, and a finacial bloodbath going on out there according to ANZ's manager, it is not to hard to tell what the result will be as scared investor bleeding finacial say enough is enough its coming down!
The biggest banks in the world are in trouble, the biggest currency in the world is in trouble, the biggest economy in the world is in trouble and guys like jim rogers are running for cover in commodities and metal commodities.
Now here is the trump card, how many hundreds of kilometres of silver and gold and metal resources is really in the ground that Macmin has control over worldwide and what grades are they.
Around 2003 I began investigating Macmin!
Just a quick overview.
All the best!
W
MMN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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