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The new accounting rules

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May 07, 2008 – Comments (0) | RELATED TICKERS: ACAS , CDE , LMC

As most of you know, AmCap Strats (ACAS) got hammered by the new accounting rules that require you to write down the value of assets to the price you would get if you sold them today. I wonder if Coeur (CDE) and Lundin (LMC) can "write up" the value of their silver reserves to today's silver prices?

Disclosure: I own shares or call options of all these companies.

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