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   Non-TechThe Woodshed


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From: Wade9/20/2021 10:24:53 PM
   of 60534
 

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To: Wade who wrote (60401)9/20/2021 10:28:18 PM
From: Wade
   of 60534
 
Stock picking is still very important....

youtube.com

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To: Wade who wrote (60399)9/23/2021 11:19:37 AM
From: Wade
1 Recommendation   of 60534
 
The big difference between Evergrande vs Lehman moment is the debt to asset ratios. From what I understood is the the ratio of 1 to 1 for Evergrande, but 30 to 1 for Lehman and most of US banks at the same time in 2007. When Lehman fell it triggered highly leveraged international derivative markets of ~ $2 Quadrillion. It was a total meltdown of the worldwide central banks until the US congress gave them the power to print $ as needed. It is still going on and there is no end to fix the $2 quadrillion hole.

It appears China is trying to make whole or at least partially for their domestic bond holders of Evergrande. We shall see if there is more mines. I think it is not going to be even close to what we saw back in 2007-9. Well...what do I know.

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To: Wade who wrote (60403)9/23/2021 11:27:30 AM
From: Pianoman1997
   of 60534
 
Maybe it will put a magnifying glass on other entities and this could be a bag full of surprises. But I might be an eternal optimist.

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From: Wade9/27/2021 8:05:57 PM
   of 60534
 
KL for sale??

iknnews.com

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To: Wade who wrote (60405)9/28/2021 9:50:36 AM
From: Wade
2 Recommendations   of 60534
 
This was not what I expected.

kl.gold

"Pursuant to the Merger Agreement, Kirkland Lake Gold shareholders will receive 0.7935 of an Agnico Eagle common share for each Kirkland Lake Gold common share held (the “Consideration”). The Consideration to Kirkland Lake Gold represents approximately a 1% premium to the 10-day volume weighted average prices on the Toronto Stock Exchange, as at close of trading Friday September 24, 2021 and implies a combined market capitalization of approximately $24 billion. Upon closing, existing Agnico Eagle and Kirkland Lake Gold shareholders will own approximately 54% and 46% of the combined company, respectively."


Oh.. well....
At least, I didn't lose money (much smaller gain) with KL in this crappy gold market.

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To: Wade who wrote (60406)9/28/2021 12:34:35 PM
From: polarisnh
   of 60534
 
Hey Wade,

Wow... I didn't see that one coming. My 2nd and 3rd largest miner holdings merging. Interesting to say the least.

Cheers,

Steve

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From: Pianoman19979/28/2021 12:34:49 PM
1 Recommendation   of 60534
 
Insane video, this is 6 months old. More football fields of cash printed.

And GOLD goes down...

US Debt of $30 Trillion Visualized in Stacks of Physical Cash - YouTube

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To: polarisnh who wrote (60407)9/30/2021 12:46:31 AM
From: Wade
2 Recommendations   of 60534
 
Great!

The merged company will be a superstar of the gold miners. Either GOLD or NEM won't match its power.

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From: Wade10/1/2021 12:38:45 PM
   of 60534
 
My largest junior positions are:

KRRGF
ABBRF
OBNNF

...and building a few other juniors.

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