Hi Frank,
I'm still here. I'd forgotten all about the profile.
I've updated it. I've shifted some of those spec profits
into blue chips. I want an income stream that can be
depended on now that I'm greyer.
EMA, BNN.A, TRP have treated me very well. If anyone got
in close to the lows, the return on capital is terrific
compred to today's rates. People were dumping TRP at
ten dollars even though it was paying 8%. I've shifted
over to a number of the trusts, then had to average down
but the return is still good given what you can get from
the banks or from GICs. 10-12.5% looks very good from the
well managed, conservative ones.
That doesn't mean I've stopped following the diamond stocks.
I've sold off my trading shares in ABZ but hold my core
position. Using the standard chart in The Gold Book re
price behaviour from exploration to bldg a mine to start
up, I would hope to sell ABZ around the time of start
up. Of course, any number of events may intervene.
I made some money on rdm, then bought it back and am
waiting on results. I'm not expecting a home run but
a trade with a reasonable return.
Sold my DSP at 2.14. Been watching ever since. Still hold
a lot of TYS. People forget that DSP took half of a TYS
property and ABZ took half. It's a waiting game. The lack
of action on DSP has been disappointing. However, I expect
RT has learned not to waste his dollars. Too many diamond
explorers have gone bankrupt since this all started and
raising money has become harder and harder.
Twin is interesting but, again, I think I'll wait and
watch for a bit. Those who have been doing this since
the beginning have a lot of scars. All that money poured
into drilling in Ontario. Lots of promise since those
diamonds were found by panning. But still no strong results.
All that money that went into Alberta. The James Bay
lowlands have used up fortunes. Lots of micros but...
Then there was all the millions we were going to make
in Brazil. Still waiting.
I hope some of you made a bundle on ACA.
I'll take a look at the charts but just from the price
action lately, I'd think that DML's chart is more impressive than most but I'm not recommending it.
Not sure whatis going on there. |
