Douglas said : "Can anyone out there prove they didn't short the stock in the last 7 days knowing they could cover their position with the warrants,hence paying for exploration costs and removing all their risk from the project. Any smart management team would probably think that way. Now Teck has a free ride at the market's expense."
So what your suggesting is that Teck was excersising options to cover a short position, hence the Teck news release that they were purchasing shares in Donner to increase their ownership in Donner would be a lie wouldn't it, they would be covering a short and somebody else would be getting the stock. That is the not smart management, it is criminal.
BCE will never go to two thousand dollars in two months BECAUSE they have nothing to do with mining in Labrador. The risk/reward ratio is real. You won't invest in Donner because it is overvalued, very sensible, buy stocks with little or no risk and there is little or no reward, that is how it works.
You must miss a lot of parties. When I ignored the Arequipa stories (I was reading about it in the newspaper) and didn't buy it at $12.00, I was just being smart, the party was over and nobody made any more money. You know, I read about Gulfstream on the Canoe site ( which certainly isn't priviledged info ) when Gulfstream was $4.00, party must have been over then too.
Making logical business decisions has little or nothing to do with exploration, logical business decisions are the purview of bean counters, management consultants and businessmen. Good exploration companies spend money and find exciting stuff underground, sort of like this play. Ignoring this core and what it implies is not a "logical business decision", quadrupling your exploration budget is likely a lot more logical. |
