Page 1 of 1

Collateral Damage

PostPosted: Sun Sep 28, 2014 10:49 am
by beauanderos
http://www.kitco.com/ind/GoldReport/2014-09-24-Richard-Karn-s-Advice-for-Avoiding-the-Walking-Dead.html

Manipulation schemes do more than crush the morale of investors/speculators/stackers... they result in mine closures
and junior explorers falling into bankruptcy due to lack of cash flow and resulting debt issues. This article refers to Australia, but
I can't imagine it isn't true worldwide :shifty:

Re: Collateral Damage

PostPosted: Sun Sep 28, 2014 11:35 am
by 68Camaro
beauanderos wrote:http://www.kitco.com/ind/GoldReport/2014-09-24-Richard-Karn-s-Advice-for-Avoiding-the-Walking-Dead.html

Manipulation schemes do more than crush the morale of investors/speculators/stackers... they result in mine closures
and junior explorers falling into bankruptcy due to lack of cash flow and resulting debt issues. This article refers to Australia, but
I can't imagine it isn't true worldwide :shifty:


Interesting. Sounds dire, but there's no context to understand the normal annual default rate of Aussie miners.