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Friday night fire and brimstone

Posted on November 30, 2007 by Richard Beddard
Filed Under Companies |

I found the El Oro and Exploration Company’s (ELX) annual report under a rock. Not literally, though it might as well have been for all the interest it seems to have generated in the press. It’s a shame because the chairman’s statement is glorious.

If you dug your bunker five years ago, the spam is rancid, and your bullets rusty, these words are your sustenance, should the day of reckoning be delayed further. Otherwise, they’re pantomime. Either way, you’ll laugh, you’ll cry.

Read it. And remember, uncertainty is good for gold prices. No wonder C. Robin Woodbine Parish is approaching the apocalypse with a swagger.

Despite it’s name, El Oro is an investment company, with interests in gold, mining, brewers and quite possibly many other things. Mainly, it seems, fire and brimstone.

Footnotes:

  1. Also, I suspect, idiosyncratically, El Oro includes a table of its dividends, profits and its net asset value back to 1950 in its annual report.
  2. A participant in the Interactive Investor mothership’s discussion boards found the 2005 report:” the company report was the only one ever to make me laugh out loud.” See what I mean?
Category: Companies

Comments

One Response to “Friday night fire and brimstone”

  1. Shem Booth-Spain on January 16th, 2008 6:17 pm

    C. Robin Woodbine Parish is a true gentleman in every sense of the word

    a very wise man indeed

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