I had a late-night inspiration last night.
I know, I know, the response has to be, oh, oh, here comes trouble. vbg
After listening to Pierre Lassonde wax lyrical about NGD and the Blackwater Project, I thought, Ok, gold is gold, and that is nice, it is appreciating nicely, have made a nice bit of coin on it, and will surely make more as time goes by, but the leverage in the future has to be in the miners, particularly the good miners. I know everyone here knows that, but to what extent do we act on it?
Lassonde:
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/27_Pierre_Lassonde.html
NGD with its projects, cash, management, healthy finanaces, and unbelievably under-appreciated shares has to be one of the gifts the market is giving us for the future. I am of course in NGD, have a healthy position, and have been in it for a long time, since the 2s, but I think it is time to well and truly take a deeper dive.
Accordingly, I am liquidating some gold and moving the proceeds to further increase my core NGD position, which is rapidly becoming orkriusian. |
