Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: A Horse With No Name who wrote (15547)	8/4/2003 12:53:51 PM
From: Canuck Dave	Read Replies (1) of 39344

I sold my CanRoy trusts. It's true they pay those fabo dividends, and for a while I was entranced by them. But... they are also extremely volatile and not without risk. Over the 3 months I held them, one dropped like a stone when some of its wells were "shut in", (i.e. shut down), two announced dilutive offerings (How do you think they pay those huge dividends? The balance sheets are a little wobbly), and all rode the price of oil and gas. I made a little in the aggregate on them, but I figured I could do better than the 15% dividends on capital gains in good mining stocks (right so far, LOL). Just my opinion. CD

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