Re: Good news - neutral?
in response to
by
posted on
Sep 29, 2008 08:58AM
Focused on becoming a near-term Gold Producer
I guess my question would be, "Who are these financial experts giving the advice?" Hopefully not the same ones who said the U.S. economy is sound, while they fleeced a generation, and future ones as well.
While it is true that liquidity will be an issue for a whole mess of banks out there, and the companies that would like to borrow from them, there are still lots of international currencies looking for a place to call home. Months back, there was talk of all the obscene amounts of U.S. dollars that China holds, and wanted to quietly start disposing of/and or trading for something else. While the Western world still balks at China buying up our resource companies, this particular argument stated that China would most likely start buying into juniors...right up to 9.9% ownership, just under the percentage where they would have to report their stakehold.
As well, don't forget our neighbors, Kodiak, plan to travel to Dubai to stir up some interest there. The Saudis like gold, and need a safe haven for their cash as well.
I do like the fact that Sage has got some deals cookin', the Lucrum/Sheltered Oak, and ties to Yamana. Hopefully Sage will transform itself into a larger company in the twinkling of an eye, when absolutely no one was expecting such a manoeuvre.