Some thoughts

Look at the major gold miners, they are all issuing more stock and it is not at their highs but at their rally highs. Obviously it is to buy out some juniors, but as you can see they react to the market and not the other way around which to me says bad management.

Hecla on the other hand only issued shared when they had to. Junior miners as a whole appear wildly underpriced as the market is taking note of gold.

You can buy the big miners and profit but all those stock issuances are going to flow into the junior shareholders pockets so be ready.

And I forgot to add GSS to my Africa miner plays from yesterday.

And on a slightly different subject, look at Alcoa and management, they sold at the top of the market parts of their company while their competitor Alcan became part of the over leveraged Rio Tinto. Now Rio is going to be selling big stakes to Chinalco. What a waste. Alcoa has and should be the trend setter in aluminum as it has since it created the business as Exxon did with petrol and General Electric did electricity.