"Sell Signal"
That I won't do on any of my picks!Is it right or Wrong?
I think not.If you buy then should should no when to sell on profits when there present at your % gains.
So why are we discussing RKR? We all agree that it is up to everyone to pick there own point to sell...so what is your problem? If people want to play the swings on a penny stock i support it wholeheartedly. If you had asked me whether RKR was a good short after the NR I would have said yes.
Remmeber this?http://www.siliconinvestor.com/readmsg.aspx?msgid=12983915
I will breakdown your sell signals. But first, let me say that I don't deny your right to state what side of the fence you are on. You think RKR is a sell, fine but I have followed this company for years and have decided to hang for Tacho...so why?? You said:
Sell on RKR
1=Tacho was the Big one
Agreed
2=What you got was a Secondary target with 9 holes poked in the ground.
I have seen about 200 Induced Polarizations in my life, I would say the Carmen/Macote was the best I have ever seen...bar none! So I can understand why they exceeded the drill footage on CM, they were 100% sure they had something, mistake..in hindsight, obviously yes!
3=Well known Lab and you got results in PPM!What kind of garbage is that?
When you only have trace amounts of the minerals thats how you report them. Argentina gold had a tonne of them until they hit the big one. This really shows your lack of experience with mining stocks, this is quite normal and is done throughout the industry. But, as soon as you see PPM PPB you know the results are the sh*ts
4=Tacho get 6 holes in this Hot Target over the secondary target.WHY?
My impression is that they are being cautious. CM sent them on a wildgoose chase, to say the least. Tacho is a volcanic structure whereas CM was not. Volcanic structures tend to throw there contents around and not necessarily in a predictable manner. So a 6 hole program with core analysis is the norm. take alook at Cerra Casale (Bema Gold) or Los Pelambres, their "initial drill hole programs" were four and eight!
5=6 Majors or more visited the property!No Deal so did they see the Cores already from Tacho(Majors)I suspect they did.
This again shows your inexperience and need to self appoint yourself as a guru of stocks. There has never been a JV on a property without drill holes unless the major had a pre-determined interest in the property and the junior was "in the way". Opawica is an example, Argentina Golds property and Opawica's are close to each other if memory serves me correctly, Opawica was approached by Barrick after Barrick lost Argentina Gold.So far i think it has turned out to be "duddish"<ggg>
6=If Tacho was such a HOT Target Rkr should have drilled 15 holes in Tacho and forget the Secondary target.
This would certainly have been the better bet....in hindsight but that IP was just to good to be true, and it proved out that it was! RKR had budgeted for a 15 hole program true, but even if they had drilled all 15 holes on Tacho it would not have been done as you assume. A pre-drill program of 6-8 would have been done first, then a 2-4 week break waiting for analysis then based on the indicators the other 7-9 holes would have been done.
7=My call on Tacho is still on and maybe it will be reported in PPB to make it look like the numbers are fantastic with Big Numbers.In this day and age everyone was reporting in Grams but RKR reports in PPM to make the numbers look BIG.
again, this really shows you to be the novice you are hen it comes to mining. PPM/PPB's are used by all companies reporting "trace elements". For you to assume that they use it to "show big numbers" supports the novice you must be. PPM's/PPB's are used when the elements are "trace" grams are used when the elements are present in quantity. When you report trace, they are always reported in PPM/PPB
Thats why my call on RKR Stands.
Fine. I believe all mining stocks are crap shoots and should be treated accordingly. I will wait for these 6 results and probably another 10-15 before I "call" Tacho anything! If the results are good, that still doesn't make it an ore body..if they are bad that doesn't make it a dud. Tacho's anomaly (about 2kmx2Km) is just to big to be guaranteed of either a direct hit or a direct miss or a direct anything.....only 10-20 holes will give us enough geological evidence to determine its potential, or lack there of.
Goodluck with it.
Thank You, thats all I am looking for....is some luck!
the Chief
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