"'Structure. Composition. Always I start with them."'
Joe stretched and finished his coconut banana dessert. Mo looked thoughtful. "What became of the babe?"
"I saw her across the street, a few weeks later. I don't think she noticed me. Every so often I look at the mountain and remember that studio, especially at night. You can see a couple of lights way up there. You know what I keep seeing?" He answered his own question. "Those diagonal pencil lines."
"Mmm . . . " Mo pushed her plate away. "Thank you, Joe. It was a nice lunch." As they left the restaurant she put a hand on his arm. "When the going gets tough, the tough get going, right?" She was looking at him as though he were a sixth grader.
"Right," he said, and they went in different directions on Kapahulu
Avenue.
Joe took the long way home, around the zoo and through Waikiki. He didn't know what to make of Mo. She was a good listener. She didn't seem to be involved with anyone. It was a shame to let that body of hers go to waste.
Joe had started the day at 4 a.m. to catch the market opening on the East Coast; by the time he got back he was tired and already anticipating the next day's trading. Precious metals were hot. He was making money. He had made the acquaintance in cyberspace of Claude Ogier, a knowledgeable gold bug from Quebec who issued a constant stream of communications about the latest mining developments. Claude was preparing to launch a newsletter, working into it. Joe was up $3000 in six weeks by following his advice.
Southwest Precious Metals was attracting a lot of interest. They claimed an area of desert basin that was filled to a depth of 400 meters with material eroded from an adjacent range—a mountainous area that had been mined for gold in the last century. The deposit, known as 'desert dirt,' contained gold, silver, and platinum in small concentrations. Small, that is, by the ounce. By the square kilometer, Southwest was sitting on the find of the decade. The problem lay in the extraction. There's a lot of gold in the Pacific, too, in the salt water, but no one has figured out how to extract it economically.
Arguments raged on the Internet. Gold and platinum are rarely found in the same deposit. Conventional fire assay methods are ineffective on desert dirt. The samples could have been fraudulently salted. A prestigious independent auditor was engaged to evaluate the deposit. Various explanations were advanced to counter the objections. Seasoned investors said that these companies were scams nineteen times out of twenty, so why bother at all? Optimists brought up investor resistance to heap leaching, an extraction method that had made fortunes in the 80's. Several mutual funds bought big positions after sending their mining aces to investigate first hand. The price was beginning to rise on larger volume.
The day after Joe had lunch with Mo, he bought 1500 shares of SPM at $4.75. The next morning, the price was $5.75 bid / $5.94 asked. A press release announced that an experimental extraction technique had yielded results that were higher than expected. Tests were continuing with larger samples. Joe jumped on the ask and bought 1500 more shares. "Damn it, Batman! We've got a live one." The price spiked to $6.75 before profit taking knocked it down. It closed at $6.25 after heavy trading.