gfi.ny - one poster who knows things south african is Doktor Searle - #reply-17651005 ... lives in Jo'burg, born there i think, TA kinda guy, conservative, plays majors only to my knowledge ... lots of the CFZers follow the south africans of course [whatever happened to heinz blasnik? .. i sure liked his posts] ..... here we seem to talk about canuck juniors mostly, likely because that's how most canehjuns first got their toes wet in the market, in the olden days
bgo.to - many goldbuggers express a disdain for Bema's head cheese .... old bgo thread here goes into detail on that ... they must be doing something right though, they just got added to the S&P-TSX index ... it's on my long list but not the short one, i did almost put in a 1.60 bid a couple of weeks ago, which wouldn't have caught anyway, being a day or two late, after that spike down and gap-fill
'a primer on gold' - wooo, wouldn't that open up a can o' worms ... i'd like time to think about that, wouldn't mind hearing what others would say to it, in the meantime ..... you know your way around stock speculation from the techs of course, most principles apply here quite equally ... you might find this interesting though, it was written especially for canadian junior ventures, check the three posts starting here - #reply-15869077 ... same ideas roughly, in other words are -
Each share has three fundamental Ps - People, Property, and Phinancing
The first is all-important - good People will attract good Property and Phinancing sooner or later if they don't have them already, and poor People will get mediocre results with the best Property, and be less likely to attract sufficient Phinancing
Property - well, ask a dozen geologists and you'll get seventeen conflicting responses ... who really knows until you drill it ... still, there are areas with demonstrated historical resources, and the first assays, usually of grab samples, can give you a hint ... geophysics as well, fancy space-age machines that measure magnetics and gravity and other things ... most of which mean little, you never know until you drill
Phinancing - watch out for the first subsection here, the sharePrinter ... it is the source of all that paper we trade in the market, and modern sharePrinters can go five millions shares or more between grease jobs, sometimes up to twenty-five millions between major overhauls ... so watch out, and with the sharePrinter still in mind, ruminate on this little true factoid -
The great majority of drillbit plays ultimately fail.
If mines were easy to find, everyone would have one already ... this is why the experienced player of drillbit speckies makes sure he gets in early enough to be able to sell half on a double, a third on a triple, something like that, as the pre-drilling runup goes through its spec cycle ... cutting his cost, often below zero, on those with which he rides through assay time ... we call these 'house-money shares'
Of course the above goes strictly to the early-stage projects, and there are many with clearly demonstrated resources they are advancing or in some cases developing into mines, those are another story ... with them the commodity risk is likely the largest, assuming of course they have good enough People
Btw, somebody on some thread the other day included me in a list with EC and Liz [?] as knowing much about geology - this is absolutely untrue, i do not, in fact i avoid it like the plague, and just listen to people i respect who do know geology [like the other two quoted, and several on this thread, among others both online and off] ... it is true that one time i did pick up a book on geology, but it made my brain go all mushy right away, there were words i couldn't pronounce much less comprehend, and it sent a shiver up my spine, i thought oh my gawd what if this stuff corrupts and confounds my mind to the point where i see some PoS as other than what it most basically is - a stock play .... so i put it down, and ran away
But i'm ok now. |
