tag:blogger.com,1999:blog-7982981413278241287.post4236250533366439534..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Inflation And The Retail Sales Fantasy...Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-7982981413278241287.post-47157507088367467982010-12-15T22:59:41.287-07:002010-12-15T22:59:41.287-07:00Go review the information on the website about the...Go review the information on the website about the Dadi and Laopondao properties and then call Marc and ask him about them. <br /><br />Shengda operates a property called Bairendaba, which is one of the largest zinc/silver mines in China. Bairendaba is adjacent to the Dadi property and I have been told that Shengda believes Dadi could be as large or larger than Bairendaba. Then there's Laopondao...then SDRG also controls a few other undeveloped properies in the Erbahuo mining district.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-27253945181166693402010-12-15T18:06:50.771-07:002010-12-15T18:06:50.771-07:00Dave,
Thanks for the response. SDRG was one of two...Dave,<br />Thanks for the response. SDRG was one of two stocks you recommended (along with ECU) in response to a recent query by a poster. Nobody (on this blog at least) expects you to take responsibility for losses on a penny stock speculative play. <br />My point, which I feel still hasn't been addressed satisfactorily, is that SDRG seems like a curious choice. If it is a 20:1 longshot with 50:50 odds of going bust, fine, then so be it (that seems to be your rationale now). Is that all this company has going for it?<br />My read: management bios: weak<br />mines in china: negative, extra risk, unreliable data, did I mention the mines are in China?<br /><br />Is this a better opportunity than, say, Sandstorm Resources or LBSR? I don't know. Not convinced. Willing to buy a few shares as spec based on the general quality of your insights, but not convinced. I'm not a geologist so I do rely on others with more background as well as common sense in trying to narrow down my mining favorites.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-8170788991532959252010-12-15T12:04:49.334-07:002010-12-15T12:04:49.334-07:00Wait a second. I never recommended it as a "...Wait a second. I never recommended it as a "top" play. And I have always urged everyone to do their own due diligence. I have begged people to call the CEO on their own. He will always either pick up when you call or return your message. <br /><br />I spent close an hour on the phone with Marc today. My view is still the same. This stock either goes to zero or it could go to $5. I have added on this latest set-back.<br /><br />SDRG is not my top play nor is it my only play. I liked the risk/reward at .20 and I LOVE it at .14.<br /><br />But remember, when you are dealing with a penny stock, it's a penny stock for a reason. The NUMERO UNO characteristic of a penny stock is that it is HIGH RISK/HIGH RETURN. Everyone fucking buys these things thinking only of "HIGH RETURN." "HIGH RISK" means if enough mistakes are made or the concept/business model is flawed, the stock goes to zero. <br /><br />SDRG is no different.<br /><br />I'm tired of fielding inquiry on this stock. If you want the best possible source of information, call the Company. 416-223-8500. Ask for Marc Hazout and tell the receptionist that you are a shareholder with some questions.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-82535847506000044972010-12-15T11:27:38.893-07:002010-12-15T11:27:38.893-07:00I second the questions about SDRG as a top recomme...I second the questions about SDRG as a top recommendation for a small-cap silver play. Per the website, management does not seem particularly impressive based on their bios and experience with core mining functions seems lacking.<br /><br />This stock is down 35% from your buy rec at 20 cents. <br />If you still have convinctions to hold/add to this position, could you please lay out the case? <br />Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-3755954457885856142010-12-15T08:36:00.785-07:002010-12-15T08:36:00.785-07:00Anonymous, there's a nice chart on www.jsmines...Anonymous, there's a nice chart on www.jsmineset.com posted last night that shows retail sales expressed in terms of gold. It hammers home your point.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-50926805451352438502010-12-15T07:58:12.240-07:002010-12-15T07:58:12.240-07:00Dave,
I heard on Fox News last night that retail ...Dave,<br /><br />I heard on Fox News last night that retail sales were up 0.8% last month. Later it was reported that inflation was up 0.8%. So that means that if you believe the government's inflation numbers that 1) you are an idiot, and 2) that in real terms retail sales were flat.<br /><br />But if you believe instead that the real inflation rate is 2, 3 or 4 times the government supplied BS, then retail sales were significantly DOWN when measured in terms of widgets sold.<br /><br />The word "cluster" comes immediately to mind when thinking about this economy and the government's attempts to "help" it.<br /><br />WisMadChEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-67547026409380154022010-12-14T19:54:32.358-07:002010-12-14T19:54:32.358-07:00Of all the great silver plays out there ...why pic...Of all the great silver plays out there ...why pick a pig?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-29301836424115343832010-12-14T19:53:53.429-07:002010-12-14T19:53:53.429-07:00SDRG
You gotta know when to hold em and when fold...SDRG<br /><br />You gotta know when to hold em and when fold em.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-31442511579335500272010-12-14T16:32:16.579-07:002010-12-14T16:32:16.579-07:00Dave: I am thinking specifically about silver eagl...Dave: I am thinking specifically about silver eagles due to extreme volume increase and as well the price increase in November but the entire Retail PM space. If any of the dealers were publically held they would be reporting significant sales increases.<br /><br />You mentioned gasoline and PM is a drop in the bucket but looking at that incrementally --why not?<br /><br />Same thing if China is spending its dollars ion Gold and Silver out to NY just to unload it--which would help the trade deficit and perhaps even retail sales (not that anyone in govt would fudge stats to make them look better).Halnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-64630406367476462532010-12-14T15:27:32.021-07:002010-12-14T15:27:32.021-07:00Distinct possibility. Lot of buyers in there toda...Distinct possibility. Lot of buyers in there today at .14. That's a good sign. If Hazout is booted, maybe Fung will take over the reigns and take this Company where it can go.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-5296866942547956312010-12-14T14:17:23.818-07:002010-12-14T14:17:23.818-07:00Marc Hazout may be a "nice guy" but will...Marc Hazout may be a "nice guy" but will he be shown the door?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-38025716332298532842010-12-14T13:57:24.205-07:002010-12-14T13:57:24.205-07:00Hal are you referring to the Mint sales of silver ...Hal are you referring to the Mint sales of silver eagles?<br /><br />I doubt pm coins are included in the retail sales number.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-46986245824748604292010-12-14T13:36:54.944-07:002010-12-14T13:36:54.944-07:00excellent analysis, thanksexcellent analysis, thanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-1303786309749750192010-12-14T13:15:15.771-07:002010-12-14T13:15:15.771-07:00So I have a question: are precious metals sales in...So I have a question: are precious metals sales included in retail sales? Where else would they be reported and if the treasury sold a boatload of silver eagles in November, then between quantity and price that would be huge.halnoreply@blogger.com