Leo, you got a good in point at .50...much better than most of us who have been stuck in this thing from $1 to $1.20 for more than a year.
I have since liquidated my position simply because I will not buy stock in a company that, in my opinion, has zero respect for shareholders which of course applies to virtually all junior miners.
I'm sure you've seen the constant news about repricing of options at cheaper prices after insiders constantly whacked the bids and drove the stock price down this summer, new private placements, more options, more placements, etc....paper city in the extreme.
I'm not ruling out getting back in...even to trade it. I just hate holding ANY junior mining stock for more than a few days any more....risk of losing money or being locked in for months and months at a loss goes up quickly. As for Mr. Hughes, he's had the foresight to hire a very good geologist named Bob Woodfill who leads the project there...
But as Bob told me today, this is still very preliminary although promising. It IS NOT another Sullivan...not even a definite indication of one. There have been many drill campaigns in the past such as White Knight in the early 90s that hit massive sulfides only to find out later it was an anonomly.
The same pattern occurs every time in this junior mining game--supporters/investors/cheerleaders attack anyone who is sounding a note of caution.....the record shows that caution would have served you better in most cases than unbridled enthusiasm for something not yet quantified. This is my only point. I hope you makes lots of money, trading it or holding if it turns out to be the real thing.
But I especially hope all the little investors I spoke with this year who've been waiting more than a year just to break even actually make some money. If they held on after all this time through all the "bid whacking" and paper storms generated by insiders, they deserve every dime! My hats off to every one of them for their refusal to be shaken out.
cheers |
