Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: loantech	1/23/2006 9:25:53 PM
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Don't Be a Sucker You should avoid the risky and over promoted exploration and junior mining sector dogs that number in the thousands and will mostly be losers except to insiders that sell when you buy. They own their stock for 1-2 cents. Selling to you for 30 cents is a homerun for them. Many could care less if they ever find any gold or silver. Many so called newsletter writers write these dogs up and you have also received the 16 page mining promotional direct mail pieces which promote some of these stocks. Some are almost fraudulent and disgraceful. If you want to speculate on long shots, you should own companies with plenty of released drill results and those that are developing deposits that are 1-2 years away from production. Owning a company developing a huge mineral deposit that already has been discovered is 500 times as smart as trying to find the next big discovery. These stocks move slowly but many of these developmental stocks still have 5 or 10 to 1 possibilities...and there is zero exploration risk. These are future growth stocks and continue to become more valuable as time goes on.. It is insane to own any exploration stock that you have paid more than 5 cents per share or has a market cap of more than $5-10 million. If you do pay more than 5 cents, you are surely buying the stock from insiders that did pay pennies and they are probably selling to you on the day some press release is issued. Ever wonder why good news many times does not make these stocks go up muchinsider selling. Any company you buy outside of the "already discovered substantial deposit" arena and you are playing a 1000 to 1 game...and you will most likely lose. 321gold.com I failed that class several times. But enjoy owning some stocks with production and proven drill holes vs my holdings last year. Still have TK though and think it might mightily please. Also may buy GYD in the next few weeks.

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