Loading ...RICK RULE COMMENTED ON JUNIOR MINERS AS EMPTY HOLES CHOCK FULL OF LIABILITIES… AS INVESTMENTS, THEY ARE NOWHERE AS PROMISING AS GOLD & SILVER BARS & COINS. $$$
Rick Rule, as clever wordsmith, enjoys harping negatively on the mining stocks as a losing venture. He points out that if all of the Junior Miners together were pooled into Junior Explorer Co as one giant single firm, the company would lose $2 to 8 billion a year. He concludes that miners and explorers are best at finding money in investor pockets and mining it to pay salaries. He said, “Most of the walking dead Juniors, the zombies, are a bunch of liabilities disguised as public companies. Their assets are liabilities; their financials are liabilities; mostly their managements are liabilities.” Their executive compensation packages are also liablilities. Their deposits when in high risk jurisdictions are liabilities. Their entire properties become liabilities when the output is over-committed to the big banks and gold exchange marts. Rule once told the Jackass back in 2007 that the newsletter business has an element of entertainment to it. To which he was told, “Yes possibly, but good solid analysis and writing style make for a better foundation to laugh and hold interest.”