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Gold/Mining/Energy : The Molybdenum Discussion Board

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To: higrademoly who wrote (1921)	4/19/2006 1:03:48 AM
From: jackjc	Read Replies (2) of 3267

The past few months (after 2 yrs treading water) have given me a chance to cut my stock list in half by selling out just about all small positions. Had far too many. Selling has to be done when there is strong buying IMO. Bought GPXM at 19, sold at 52. Also did not like the mgmt deal for their cash back plus 240%, from first sales $500k/mo priority over other holders. (If I got this wrong please correct me). Sold ROK for a quick double (barely) after I could not get any of the first PP. When an existing holder can't get PP sh, I often sell out. But I would have held with a big enough position. And the Hatch study quoted $30M capex for the 500T/d case, steep. But ROK did a great job getting a used mill and advancing the prop IMO, and I should have just gone into the mkt on the pullback and built a decent position. My fault. And I have always felt that moly was a short time thing and have been concentrating on silver and zinc jrs for this stage of the bull. RMKL has always been my main moly play and still is, though the moly part is just to raise cash for their gold props. And RMKL production is just as imminent

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