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<p>[QUOTE="gxseries, post: 373379, member: 4373"]coleguy, appearently ACG did sue and lost but the defendants had to pay for their defense costs. It's full of nonsense but it happened. </p><p><br /></p><p>Thanks Cloud, that's all I wish to point. </p><p><br /></p><p>I have to apologize if I have provoked the thread. I come with a background of geology and mining engineering and I'm covering the financial aspects of it. Let's admit it, geologists yell at mining engineers for not trying to understand that if you don't design a mine carefully with geological constraints - you have a roof collapse. You'll be flatten as a pancake if you happened to be inside. Mining engineers dislike accountants as they discount too many factors and then input some insane rate of return that investors are expecting. Accountants just hate the amount of uncertainties that mining engineers provide which makes accounting very difficult. What do you get? A bunch of unhappy men working together to share a common goal to make profit. Not quite healthy but that's how life is (isn't it) </p><p><br /></p><p>I'm not saying that we shouldn't discuss about bullion pricing - it's just that it's not appropriate in this forum without the right people. It's like trying to get a plumber to fix a car. Yea sure, might work? That said if people are able to explain why prices went up and down due to critical events, that is something I am very keen on reading as well as able to convince others why prices are going as it is. For example in platinum, Johnson Matthey does an excellent review of what is happening: <a href="http://www.platinum.matthey.com/publications/116403639025852.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.platinum.matthey.com/publications/116403639025852.html" rel="nofollow">http://www.platinum.matthey.com/publications/116403639025852.html</a> It's free by the way. </p><p><br /></p><p>Something like: infrastructure in S. Africa isn't able to keep up with electricity demand, therefore unable to keep up with production rates. South Africa dominates over 50% of production and is a key factor. A new deposit has been found in Zimbabwe and is under development, production expected to be ready in 2012. Etc. </p><p><br /></p><p>Now that is the gold - information.[/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 373379, member: 4373"]coleguy, appearently ACG did sue and lost but the defendants had to pay for their defense costs. It's full of nonsense but it happened. Thanks Cloud, that's all I wish to point. I have to apologize if I have provoked the thread. I come with a background of geology and mining engineering and I'm covering the financial aspects of it. Let's admit it, geologists yell at mining engineers for not trying to understand that if you don't design a mine carefully with geological constraints - you have a roof collapse. You'll be flatten as a pancake if you happened to be inside. Mining engineers dislike accountants as they discount too many factors and then input some insane rate of return that investors are expecting. Accountants just hate the amount of uncertainties that mining engineers provide which makes accounting very difficult. What do you get? A bunch of unhappy men working together to share a common goal to make profit. Not quite healthy but that's how life is (isn't it) I'm not saying that we shouldn't discuss about bullion pricing - it's just that it's not appropriate in this forum without the right people. It's like trying to get a plumber to fix a car. Yea sure, might work? That said if people are able to explain why prices went up and down due to critical events, that is something I am very keen on reading as well as able to convince others why prices are going as it is. For example in platinum, Johnson Matthey does an excellent review of what is happening: [url]http://www.platinum.matthey.com/publications/116403639025852.html[/url] It's free by the way. Something like: infrastructure in S. Africa isn't able to keep up with electricity demand, therefore unable to keep up with production rates. South Africa dominates over 50% of production and is a key factor. A new deposit has been found in Zimbabwe and is under development, production expected to be ready in 2012. Etc. Now that is the gold - information.[/QUOTE]
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