Triple B is nearest thing to a mining company. Unfortunately the asset issuer doesn't seem to know difference between a bond and a share - so it's kind of somewhere in between.
Personally, as an investor I would have very little interest in mining companies. Mining profit is fairly marginal (as more capacity gets added any time there's significant to profits to be made until the profit margin drops to being minimal). After whoever runs the company takes their management cut, investors are lucky to get out breaking even (becasue the manager ALWAYS takes their cut out of revenue rather than out of profit). Because of that, capacity will get added even if it becomes unprofitable - as the manager of a mining company can always make profit so long as they can find people who can't do math to invest.
Indeed. Its a marked difference to glbse which was almost entirely mining. Its probably why there hasnt been a massive crash in stock value as well....
There was a big crash during the GLBSE drama. With asset issuers now being given shareholders lists this should help moot that. On
www.litecoinglobal.com as should be on
https://btct.co asset issuers are emailed a full and up to date shareholders list every twelve hours. So if the website does every go dark a lot of the problems that the GLBSE caused should be non-existant.
