Do you know of any good maps of the Timmins area available on the net, Bill? Royal Oak seems not to have a website, I'll check the Kinross site and annual report (hard copy, I have a few shares). A search through Yahoo using "Pamour" turned up this;
ontarionorth.com
.......which makes it look as if the RYO excitement was in the fall of last year. There is also an RYO announcement on CCN regarding Pamour in Sept 96. Maps are useful, imho, if they're good ones. Most on the websites aren't done very well, one exception being Winspear, which still could use some improvement.
Re; the CDN OTC market; This is nobody's favourite exchange, eh? It's a dealer market like Nasdaq, and in the case of a (currently) low-volume stock like DDTS, the spread is often wide. You have to have a certain level of commitment to pay 3 times what you can turn around and sell for (currently bid 5-ask 15). The only stock I have lately on the CDN is Hall Train Entertainment, only a small amount so far, and only because of upcoming events. It could be interesting to put in a small offer at, say, 6 cents, and watch to see if they even show it. They aren't required to.
Re; Bottom feeding in general; I have done very well on this years ago when I had a broker at Midland Doherty (and Doherty something before that) whom I would permit to play with 15 or 20 percent of portfolio. Overall, he did well, better than (but not much better) my own specialty of financial services (banks, insurers, mutual fund companies, etc) but I never knew much of the stories involved. He made more profit in commission than I made net, that's for sure. One time I asked him to cash me up, I needed every nickel to buy a piece of land, and between that day and about a month later when I went to get the cheque he had almost doubled the equity. Another time, he called me up on a Saturday or Sunday morning to explain why he had lost me 12,000 bucks and how he was going to make it back. This was when that much money would buy two nice cars. He's dead now, and I miss him.
Anyway......to make a long story even longer, it was from him I learned the value of a trading shell, and the value of a modest spender of a company with proven assets which may not be economical presently, but is trading at fire sale prices. The leverage can be incredible, from a nickel to 30 cents is a 6-bagger, it's hard to get that kind of return out of banks, and the winners more than pay for the losers if you pick well.
So....you're a director. Who's the president? Vice-president? Other directors? Company geologist? How many shares do each hold? How are the options priced?
From the ratio of shares outstanding to options issued listed on the header, there are no signs of the VSE option abuse disease. Good on you.
Any other info would be appreciated, company history, previous consolidations, scandals, successes (dividends paid). How much do you expect to net with the small open pit this year?
I read you loud and clear with the "speculative risky buy" caveat. Too bad so few of the Parallel Universe Sub-Atomic Gold flakes don't provide the same clarity, eh? ........<g>........... |
