Thanks Will, for clearing up Reds last post (on this thread ;).
And RE: "The share price has nothing to do with value in the short run, only in the long run"
That's all I am saying to, in a way. I'm just betting theres more downside coming where I can get some cheaper shares. And I'm waiting. It happened with Aber and with Winspear. I didn't follow the Diamet story, it was before my time ;o)
And RE: "I think there will be a mine there as well. "
That is a point we all agree on.
But DeBeers is big business and at the lower ethical scale I would say. Just look at the other irons in the fire they have. It will take time to make a mine and go through the very tedious phases before hand. There are too many weak hands out there that won't hold to production.
I was one with Aber, buying in at 19, and selling at 8. Looking for a faster horse was my excuse for selling. I was a victim of buying at the wrong time, and I am not going to make that mistake twice.
Red & Chuck & I are on the same team, but we have different strategies for making the money win, which is the competition we are in, isn't it? Actually I like it more when common sense prevails and good ol' commaraderie (sp?) develops between us.
Speakingn of which, my wife is watching Eyes wide Shut on Bravo without me, time to call it a night. |
