'long shot' - that's what der Kaiser called them before he coined the term 'bottom-fish' ... check out the three posts starting here - #reply-15869077 ... a little essay by JK from 1990
Long shots have the leverage, and i prefer them, possibly due to having a lowish percentage of net worth in the sharemarket, most in real estate ... LIA sums up sml pretty well, there's good reasons why Stealth doesn't get anywhere near the market cap per ounce that Northgate does ... but this much difference? ... i wonder ... even USD five bucks times the admittedly not proven five millions ounces makes USD25m, well over a loonie per share ... not altogether unreasonable one of these fine days as gold prints 350, which should come within few months imho ... so today i just happened to stare at an offer of .28 for it, that's a .12 profit on a good few of the shares i'm holding, and i turned it down ... not enough ... it's only upticking because 4au and Liz cottoned on to it, well just wait till one of the mainstream downtown folks pile on
National ngt.v is my largest position though ... eight-cent uptick today, nets me more paper profit that i paid to build my first house, yikes ... not enough though, it'll see the loonie one of these days ... it was a long shot last fall, kinda iffy, much less so now ... i still feel good about accommodating the poor bugger who wanted out of ngt at fourteen cents, lol |
