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Gold/Mining/Energy : Til Capital Ltd.
TIL 4.0000.0%May 2 5:00 PM EST
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From: 31Floors1/22/2013 3:56:23 AM
   of 185
 
Caught the presentation and it was made to an audience that was bigger than any others I saw watching company presentations, and this is what I think:

If you don't own very much, then you might want to buy more because even at .38 it only has a $58m cap. This is coming from the idiot that has bought it for over a buck at one point. I feel very good that my take on this company at .30 late last year was the right one, that even though I was fully loaded already, that it was too bloody cheap to not add more. (I remember saying "even a seeing impaired person can see it's a great bargain")

So I've ended up way 'too' overweight in it, not by some plan but by making a decision and by breaking my diversification rule. I think sometimes it is OK to buck the conventional wisdom that the only way you can play it is by lots of trading. I totally believe that you MUST trade today!!! To buy and hold the wrong ones can result in awful lost of capital that will be so hard to recover from.

But from time to time you come across something and just MAYBE it is worthy of a "long term" (3 to 5 years) commitment. You want to find a wonderful management team; a proven one that's done it before; one with the SMARTS; the right business model (and I'm not talking gold exploration); an incredible work ethic; contacts; experts in First Nations relationship building and partnership.

Those things do not guarantee success. You need some luck. But you want to find most of those characteristics before even considering if the company is worthy of a long term commitment and opportunity with your money. IMO. So DYODD and best of luck what ever you decide.

31Floors.
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