Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
US debt just keeps growing, only way to pay it back is by printing more money (or cancelling debt which won't happen), taxes are simply not enough, I would love to own a share on the US debt growth.
History never repeats itself you are just observing the period between 2010 and 2014 and projecting a pattern. What I can tell you is that oil has gone from 1$ in the 1950s to 130$ and is now at 75$, eventually it will surpass 150$ and 250$, it is not a matter of ifs it's a matter of when. (Just from an inflactionary stand point of view)
ScotsLoveTrump we are hedged, until 2 years have passed we won't be able to completely profit much from oil increases above 70$ per barrel. You can thank Les for that. In 3-4 years our financial situation will be much better and oil prices will be higher regardless. Just wait.
Doesn't work that way. If oil prices doubles, revenue more than doubles (we can exploit more oil reserves) at expenditures remain almost the same. So profits more than doubles (triple, or cuadruples) and liabiatilities and debt also leverages our profits (with higher oil prices we have to spend less in proportion to our revenues into debt service). At the end of the day if oil goes to 120$ per barrel or beyond the share price will multiply by ten fold.
I would already panic sold.
I am not emotional, I am rational. I don't panic sell. I don't daytrade. I am not like you. I am not wishy-washy. I am not feint-hearted. And couldn't care less about your opinion.
But you are a little deceiptful scoundrel. And no one likes rascals.
I won't sell an undervalued share for no reason at a tax loss.
I don't need to daytrade and daytraders underperform long term investors over the long term.
If you want to speculate that's fine but don't come up to us pretending you are a long term investor and feigning that selling out Ugandan assets is in our best interest and that you had our best interest at heart. You are a deceiptful little rascal.