December 23, 2010

You Can’t Argue With Stupid


Over the years, I’ve developed a lot of rules for investing. These rules are meant to stop me from doing foolish things and over time, these rules have saved me a fortune. I am now adding another rule—You Can’t Argue With Stupid. Let’s face it; some people just are not cut out to be public company CEOs. Everyone has their skills. Some guys are Read More
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December 20, 2010

Gold Rush Reality


This summer, I found myself in the small town of Ross, where the largest gold nugget in New Zealand was discovered.  I went to the famous stream where it was found, felt a stroke of good luck and rented a pan and shovel. Almost immediately, I saw little flakes of gold. I couldn’t believe my luck. Within 20 minutes, I found a little clunker Read More
Categories: Comments On Events
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December 17, 2010

Ben-In-A-Box


What if you tried to corner a market, but no one believed you?  What if they didn’t think you had the competence to pull it off? Or the gumption? What if they didn’t think you had the capital to actually do it? What if you talked a big game, but then came up short? That sure would be a disaster for anyone who had Read More
Categories: Comments On Events
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December 9, 2010

What’s The Difference Between Iceland And Ireland?


Two weeks ago, as the fate of Europe hung in the balance; I got a witty email from a friend. “What’s the difference between Ireland and Iceland?” The answer: “Two years and a letter” “LOL, ROFL …!” I responded. In case it isn’t clear, two years ago Iceland collapsed and ironically, there is only a single letter of difference in their names. Then I Read More
Categories: Comments On Events
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December 5, 2010

Energold “Bought Deal” Financing


After the close on December 2nd, Energold (EGD: Canada) announced that it had entered into a “bought deal” financing with a syndicate of underwriters to raise CAD $15 million. The terms are a unit at $3.70 with a 2 year half warrant at $4.50 that is callable at $5.25. I had no idea that such a financing was imminent and was shocked to hear Read More
Categories: Investments
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