IKN

Thy sin’s not accidental

Message to Ernesto Echavarria: Welcome to the Canadian stock market, sir

And I bet that Luke Norman dude sounded so convincing at the time. Then he sold his shares to you. Then the bad news came along, then Norman resigned from the company. Then the PR today as the creditors jump the queue….

But don’t worry dude, you’ll be better off with Pediment if you help them push through that land deal. If not, there’s always the Marina.

Tequila Sunrises served. The end.

UPDATE: Take a wild guess as to who said this in May 2009? Of all the gold companies out there, he had to top-pick the one that drops by nearly half during the gold bull run.

My favorite gold producer today is ATW Gold Corp. They are an advertiser and we own a lot of shares. Obviously, I’m biased, but I’ve known and followed these guys for three or four years. They have two mines in Australia, Burnakura and Gullewa. They’ve got a big drill program going on at Gullewa right now. They’re actually in production at Burnakura. They were picking up $50 million worth of mine and mill for $3 or $4 million. The purchases were brilliant. They pumped a lot of money into the ground. They built up the resource. They’re producing gold now. They’ll be cash flow positive in a matter of weeks. They’ll have the second mine in production, and should be doing about 100,000 ounces a year production in a year to 18 months.

My thanks to reader ‘H’ for the headsup. I really should pay more attention to these contrary indicators…..

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