8. resource conference

dark clouds in the resource sky ~ entering the maximilian street, the place 2 be 2day

what a paradox! at a day where my resource-based portfolio hits its performance low since late 2008, the cm-equity guys have organized a noble resource conference in munich's noble hotel vier jahreszeiten (4 seasons), hmmmmm, straaange ...

anyway, what did i like most? prolly the market analysis by chris berry, and yes, the opportunity 2 speak 2 fellow investors and 2 representatives of few of my portfolio's companies ...

btw, there were 6 companies presenting 2day:

• zimtu capital ~ here and there, very talented guys who were able 2 recognire trends like precious metals + potash + rare earths + graphite ahead the curve and on top even able to create or invest in such companies at insider /pre-IPO terms ...
• tembo gold ~ tanzania
• majestic gold ~ china
• western potash ~ canada
• great panther silver ~ mexico, i didnt wait for their presentation ... but bought few more shares ;-)
• gran colombia gold ~ colombia

graphit, gold, potash, china, growth, demographics, TIMBI (turkey, india, mexico, brasil, indonesia), ...

btw, thats why my gold/silver/commodity based portfolio is soooooooo low, the mining stocks are (relatively 2 metal prices) almost cheaper than in crashy 2008, just look at the gold-xau-ratio in this chart. dont ask abt the current level, cos stocks went much deeper 2day again, thus the ratio higher, means even more losses 4 my portfolio, as ive mentioned above ;-(

source: facebook

any conclusion, my dears? yep, gonna sell (part of) my silver bullion and buy gold/silver stocks, which already produce significant cash-flow and thus not gonna need any financing, share dilution or the like :-)

anything else? yep, gonna post few pictures later, promised ;) ... here we go, enjoy the first 5 pictures from cm-equity (source: http://www.ressourcenkonferenz.de/) and also mine own pics:

#1

#2

#3 chris berry 

#4 great panther silver

#5

#6

#7

#8 lets walk a little bit outside and move to my office job later :-)

#9

#10

#11

great panther silver

source: http://greatpanther.com

great update on great panther silver (TSX: GPR) 2day ... any details? despite the current share price which is down approx 50% from the level it was at a year ago everything looks fine @great panther ... and yes, silver was close to $50 per ounce then instead of the current $32, hmmmmm ....

• 2 producing silver mines in central mexico
• profitable
• $40m cash
• steady rising production, earnings, profits, ... what abt steady rising share price? haha, 2 nice 2 be true, isnt it?
• stable political jurisdiction
• growth through expansion of own activities and/or acquisition ... just in case u asked yourself what is the $40m cash for ;-)
• moving from junior 2 mid-tier silver producer soon (5m ounces a year)
• GPR = 74% Ag + 20% Au + 6% Pb & Zn

of course, the CEO bob archer answered not only questions abt the company itself but also abt equity markets, silver, gold, ... btw, what do u think would the price of silver be if there was no investment demand (ie only industrial supply + demand pattern)? any idea out there what level bob thought abt?

source: http://greatpanther.com

meow, miau ;-)