Member Info for Impecunious2

The gold price is recovering rather nicely from the low of $1690 ten days ago. Now at $1765.

Agnico has had a good second quarter.

https://www.kitco.com/news/2022-07-27/Agnico-Eagle-increases-gold-production-63-in-second-quarter-posts-276-million-in-net-income.html

Hi, Wolfy

September 2033.

Thanks for the link, Troajan.

Hi, Muscels

I think you're mistaken about bigmj. I remember him from the GGP days; he is who he says he is, and we're lucky to have him on board.

It's just a matter of hanging on, doing some other things with one's life, and trying not to think about the onscreen losses. We've been here before, and this too will pass.

Hi, bsg

It gives me no pleasure to say this, but events have proved you right.

Best wishes

The new chairperson should be someone from a finance background, to balance Nicole, who's a geologist. That's the reason I'm sad to see Potter go; he was supposed to be good on that side of things, and I also liked the combination of UK/Australia, and male/female.

But it is possible there was some policy conflict between the two of them; we simply don't know, because we don't have enough info to draw any conclusions.

I wonder what the personal reasons are. They seem not to have caused him to resign from his position at Metal Tiger.

It's difficult to regard this as good news for the company.

Hi, Mamba

Thanks for posting this email. It makes a lot of sense.

Best wishes

Hi, Bhargav

Thanks for mentioning my name. Of course, I wish OMI well (largely because I'm substantially underwater on my own position); but I won't be going to any meetings anytime soon. I'm busy teaching year 5 & year 6; and happy to be so, as it takes my mind off my losses at OMI (and Thor and POW and Shanta, and others, too).

Best wishes

Hi, Breaktwister

I'm with you on this.

It's very hard to find any positives in a falling share price (unless one has a short position, which I don't). But the goodwill among the remaining shareholders is something to be valued (not financially, but emotionally). A rising share price generates all kinds of ridiculous quarrels and egotism; a falling share price, generates some sympathy for one's fellow sufferers. I hope there will soon be an outbreak of severe quarrelling in the not too distant future.

Hi, Copperman

I don't think Nicole or Potter would wish to sell any POW at the present depressed price. They'll want to hold, until this bear market is over, or POW gets lucky with a discovery, or makes a successful IPO of one of its projects.

The day that bsg posts a favourable note on this company will be the day that pigs fly, and Christ returns.

On the other hand - he has been right so far.

Hi, Leo

I'm optimistic on Thor, but not on the general market. It's a grizzly bear (Ursus arctos horribilis). No relation of yours, I hope.

Hard to tell if the most recent decline is because of Petro's election. I hope he manages to improve things for the Colombian people; they've been through a rough time.

Thanks, Jackbal

If one has to laugh or weep, it's better to laugh.

There's a Blackadder moment I've always liked. The Duke of Wellington says to an incompetent servant (actually the Prince of Wales, pretending to be a servant), "Don't bother to show me out. I don't want to die of old age, before I reach the front door." This expresses what I feel about this company at the present time.

It looks as if Petro will be the next president. I just hope he leaves gold mining and exploration alone.

https://www.ft.com/content/b91ef3e6-6969-40de-84db-26e220ddf18a