While SHF is the only Indo stock I acquired--in the mid $fives--without question Ron uncannily speaks for me, too, and I suspect, for a lot of us investors who lurk around these threads looking for investor nurishment. Many of us have come to appreciate the value of diverse postings on the net. Among them are a few that are refreshingly candid and helpful. My hat is off to Ron who correctly recognizes the trap in which we are all caught--at least for the forseeable future. Essentially we have only one company, Bre-X, and one government, Suharto's, and a gagle of 'analysts to thank for this, mostly the former for the enormity of its reprehensible fraud, a bit to the Indos for their manipulative greed under the table, and a lot to the analyst-experts who panned the activity and rubber stamped it approvingly! How is it possible the lot of them will mostly survive unpunished for their complicity in a stock crime of unprecedented proportions?
Is it any wonder potentially new investors have fled from mining explorers in general and the Inods in particular? If I had the option, wouldn't I?
Like many reading these posts, we have two choices: lock in horrendous equity losses or lock into a horrendously long wait before seeing some relief. Either choice is painful. Nor is there much a little, solid company, like SHF, can do about it. I share the company's nightmares, dilemmas and frustrations. Even if it could make a truly major find this week, announcing it in this climate would only lessen potential future value and do nothing at all for the moment. The market has gone fishin' and won't be back for a mighty long time. But it won't be gone forever, if that's of any consolation.
Eventually it will return, but probably not as a result of any early Indo find. It will return either because 1) gold regains its former glitter, or 2) another Arequipa comes along, say in N or S America where helicopters have seat belts or 3) both. The potential for #3 occurring quickly is, of course, slim, for #2 is likely anytime, given the vigorous exploration occurring everywhere, or almost certainly #1 within an eight to eighteen month time frame, we are told. Do we wait? Yes. For long? That depends upon your tolerance for waiting.
Does anyone see our future differently? |
