Chuck,
I remember the rather sharp exchange you and I had in the 'Hospitality
Room' of the Ritz Carleton on this IPM subject. At that time you told
me that I didn't know what I was talking about and that I was dead wrong. If I remember correctly, you weren't exactly subtle about it.
It was true that I was in a very small minority at that time. I had full confidence in my research and analysis results, but was [and still am] quite unfamiliar with the whole gold mining genre. Unfortunately, I yielded to what I thought were wiser heads than mine, even though _everything I had found out screamed at me that this was no place to put my money. I even brought my broker, a vice president of a Phoenix brokerage, to the meeting - possibly the only shareholder to have done so. I took the trouble to introduce him to Lee, Eli, and various Board members. Later, after that rather confusing meeting, he gave me a staccato five minute blistering analysis on IPM and its management that subsequently turned out to be _exactly correct. However, he has been gracious with me in not reminding me about his earlier advice<g>.
I would love to 'crow' over you and say, "I told you so", but I cannot do so, having not correctly followed my _own findings and analysis.
I think, in the final analysis, it is important that instead of trying to 'defend' our positions it behooves us to listen carefully and attempt to absorb all views on an issue. It is the overall composite of those views that just may lead us out of the path of danger. The more emotional we get, either for or against an issue, the more likely our best judgements will get 'locked' into a track that just may go to nowhere.
We both got nailed on IPMCF. Let's move forward from there. And . . . next time we need to make our 'conversation' a point-counterpoint 'discussion', not a cause celebre<g>. We live and learn.
I hold GPGI. I know very little about this issue. I will not 'attack' you<g>.
Rod [Hollywood Beach, Ca.] |
