Exploration spending – at 4 year low – to fall even more
While we have seen some exploration stocks make nice comebacks this year the fact is it’s still a tough market out there. Money is not flying into the industry so the small companies are continuing to conserve what capital they have. The large mining companies are also continuing to cut exploration expenditures and focus on their key properties. All these factors have been scaring investors away from the industry for the past couple years which makes for some really depressed share prices. If you are a contrarian investor this sounds like the ideal market.
Yes , Irish , you are correct…………everyone is healing their wounds , from all the falling knives they have been trying to catch…….and…………Big Al,,has been licking his wounds , after, he drenches them with Jamison………..
Someone, lock the knife draw…………….
drawer…….sorry………..
hi FRIENDS: just made 2 trades in last 4 days. used limit orders all the way made 7 % on KOG and 3% on K . i usually dont do food stocks , but i like kebbler cookies and crackers and thats a big part of Kellog now. looking to buy more COP on pullbacks. best to you all S
Well done , scotty…..I normally mess about on this site….but if I had the money I would invest in….water…food…& energy…go with your gut feelings.
Right its Friday folks…lets all put the knives away & have a Happy & Relaxed Weekend