Hello Harry: How are ya today? The last time I talked to Mr. Romano was last week. It was inregard to COD. I appears that the work on the Indonesian property is on hold....Too much instability as he put it...Although the property is in good standing...
The Yukon play seems to be their Ace in the Hole..You are aware that it is being funded by Expatriate (Ice Property) They have $550,000 in the treasury . Not much , but at least it is some thing to sustain them for sometime. I was concerned about a roll back or the stock..He had not been given any indication of such, but then he is only the messenger!!!
With these stock prices being soooooooo low, this is often the case in a bear market....They roll it back and reduce your leverage....Some thing to think about...Although the stock options granted were twice what the current trading price is currently..But you know as well as I do that does not mean anything. They can be changed at any time!!!!
All this money going into the market???? Its only my opinion, but the Small Caps have not had their day in the sun yet....The market correcting is a good sign for the Juniors with real value...A Rotation from Large Caps into the Smaller Caps is what we need and I am of the opinion that is exactly what we shall see in the not too distant future....After that episode has be played out......Well, I would not want to be around for the final Blow-OFF......It could be real Scary....
Myself , I am locking in profits when the Opportunity presents itself and will preserve my capital for another rainy day....Once you have got it , they cannot take it away from you , only if you let them....
Don't mean to sound pessimistic. but during the 87 Crash, the liquidity crunch was some thing to behold.......Busy lines, No one would answer your calls, etc. ......Better to out early with profits ; then to stuck in limbo for an indefinite period time until things do recovery....
I do believe that money will flow to the Jr.'s when the time is right..When that will be is only one's guess, but I think that it will happen with the next phase on the cycle . It should be in the resource stocks.....
The lastest I have from a very Knowledgable Person whom I have the outmost confidence in says: and I quote:"Investors don;t realize that when the average bear market starts down, the "economy" keeps rising for 6 to 9 months or more.....(Harry, hope you don't mind me quoting you ).....Take it for what it is worth .
I do believe that there is still time to make some decent coin during the phase of this bull market.....Just my opinion.......Good Dayyyyyyyy Ronald |
