John, No problem quoting the news, HOWEVER, keep this in mind.
News articles are written to: 1) Get your attention 2) Sell papers or air time.
The media or any other writer is armed with the knowledge that they only have your attention span for a second or two. Most people never read past the first paragraph or two and most people do not follow a specific topic on a wide enough scale to get an in depth well rounded view of the subject.
Therefor,e press is written to give you the writers selling point in the first paragraph. The problem is that most people skim the topic and jump to some very fast conclusions, that leads them to make some very illinformed decisions. Or cast unqualified impressions on others.
Therefore when we are simply posting articles we must always keep in mind that the sword cuts two ways: 1) it informs 2) it leads to hysteria and herd movements.
This can be absolutely devastating to good junior resource companies and it's shareholders, that unfortunately get colored with the same brush. This in turn, time and time again, actually costs totally innocent shareholders like yourselves, millions and millions of dollars of their investment dollars.
I remember recently an award announcement in the Vancouver Sun about one of their business columnists winning a prestigeous journalism award for an article, disclosing some bad management ,written about Araki Oil. The headline to the announcement went on to say that the writers investigative skills had managed to wipe some $700-800 million of the value of the company's stock. NOW my question here is just what was there to be proud about that warranted an award. In my view the shareholders should have launched a class action suit against the journalist and the paper. I'm sure some do-gooder out there thought the action of the journalist was beneficial and perhaps in the fact that he attempted to expose something wrong it was, but the areticle caused far more damage than if he had covered a baseball game that particular day.
John my point is, keep up the good work, but just be very careful and aware of the indirect damage some of these articles are doing to many very innocent shareholders when regurgitated time and time again. they really help the media stir up the panic they need to sell there wares.
Respectfully, Pat O'Brien |
