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is there fundamental change occuring in the Miners going on now?
Posted: Wed Jun 26, 2013 9:51 pm
by murphy_p_t
as in some miners are going to stop producing since they are becoming unprofitable?
http://www.zerohedge.com/news/2013-06-2 ... -cash-cost
Re: is there fundamental change occuring in the Miners going on now?
Posted: Wed Jun 26, 2013 10:02 pm
by Ad Orientem
Yes.
Re: is there fundamental change occuring in the Miners going on now?
Posted: Fri Jun 28, 2013 10:08 am
by MediumTex
Wouldn't that make gold supplies tighter, which could cause the price to begin rising?
Isn't that how supply and demand works?
Re: is there fundamental change occuring in the Miners going on now?
Posted: Sun Jul 07, 2013 9:37 am
by smurff
What do they do when they stop producing? Do they lay off the producers and pay a small staff, or do they liquidate/merge?
Re: is there fundamental change occuring in the Miners going on now?
Posted: Mon Jul 08, 2013 5:49 pm
by MediumTex
smurff wrote:
What do they do when they stop producing? Do they lay off the producers and pay a small staff, or do they liquidate/merge?
I would assume that many stop producing when they run out of money and/or credit. In that case they probably just get what they can for their assets. I assume that in most cases their equity would be worthless once they ran out of money and couldn't get any more credit.
Re: is there fundamental change occuring in the Miners going on now?
Posted: Mon Jul 08, 2013 6:49 pm
by Reub
I sure hope that this doesn't happen to Parker Schnabel (my favorite goldminer).