Home› Precious Metals

AEM...... OMG

KUCHKUCH Posts: 1,186
in Precious Metals
Oh My Gosh, What is up with AEM stock today? Down over 10 bucks! This company own's a gold mine in Canada and I'm about to puke.image

Comments

  • erickso1erickso1 Posts: 1,705 ✭✭✭
    This will do it.
  • KUCHKUCH Posts: 1,186
    Thank you for the link. So AEM is stopping production at it's Quebec gold mine? Are they telling us there's too high a supply and NOT enough demand for gold now?

    This stock was highly recommended by Cramer several months ago....... I think it's time to get out of the market totally. Cash is king and I'll wait to invest in real estate.

    Yep, that's the plan
  • KonaheadKonahead Posts: 1,476 ✭✭✭
    This was just covered on the Fox Business Channel.
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    It's more a safety concern knowing that the rock above your head is cracked, unstable, and leaking water into the mine. The Goldex mine represented about
    half of AEM's proven and probable reserves, about 17% of annual production at their lowest cash cost, and about 15-20% of their total resources.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • KUCHKUCH Posts: 1,186
    Thanks RR, don't you think a "reputable" financial advisor such as Cramer would have known about the "cracks, water leaking into mine" BEFORE he would have recommended it!!!! image
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>Thanks RR, don't you think a "reputable" financial advisor such as Cramer would have known about the "cracks, water leaking into mine" BEFORE he would have recommended it!!!! image >>



    He probably didn't know. The stock price didn't seem to reflect any of this until today's open. It's action up until yesterday's close was indentical to the other seniors.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • MsMorrisineMsMorrisine Posts: 33,019 ✭✭✭✭✭
    two words:

    open face! (who cares how deep it is... just dig wider)
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Thanks RR, don't you think a "reputable" financial advisor such as Cramer would have known about the "cracks, water leaking into mine" BEFORE he would have recommended it!!!! image

    Good Point.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • FistFullOfDollarsFistFullOfDollars Posts: 359 ✭✭✭
    "reputable" financial advisor such as Cramer

    And I thought he was all show & entertainment






    I have a very strict gun control policy: if there's a gun around, I want to be in control of it - Clint Eastwood
  • DarinDarin Posts: 7,023 ✭✭✭✭✭
    Cramer turned negative on AEM a long time ago, many months ago. His current favorite gold miner is Goldcorp.
  • DarinDarin Posts: 7,023 ✭✭✭✭✭


    << <i>"reputable" financial advisor such as Cramer

    And I thought he was all show & entertainment >>



    I've done really well with his 'accidental high yielders' buying stocks like Deere, Verizon, Conoco Phillips at depressed levels and getting a nice dividend yield.
Sign In or Register to comment.