Welcome To The Argonaut Gold Inc. HUB On AGORACOM

"Friendly aquisition" of Prodigy Gold (Oct. 2012) / > 100k ounces in 2012

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Message: Moody’s prepares to downgrade senior gold producers

Seniors will not be able to obtain outside funding. They will be closing unprofitable mines and shelving plans to expand operations. Their exploration teams will not be funded and they will deplete higher grade resources to weather the storm.

http://m.moodys.com/research/Moodys-places-12-mining-companies-rated-in-Canada-on-review--PR_342388

What does this mean for us?

Argonaut has a huge cash stockpile to weather this banker induced shorting storm. The financial industry is actively attacking all commodities and currencies that pose a threat to US dollar value. The Petro-dollar is being destroyed by the rest of the world, led by Russia, China, and Iran.Nothing of solid value remains to support it, other than a diminishing military capability. The rest of the world (95% of the population) has had enough of US imperialism and their destruction of entire cultures.

Gold has been the symbol of wealth and store of value for over 6,000 years. It will regain this lofty position. Argonaut will be able to continue present operations until gold stabilizes at a much higher value. They will not be subjected to the extreme recovery problems like the senior producers. Nor will they be forced into bankruptcy like the smaller producers.


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