I have not posted for a long time, though I'm still in. I'm too stubborn, or stupid, to walk away from my average .72 price, and I simply can't afford to average down or throw more at MEO at the lower prices. I feel stuck.
So JP, I can't identify with your comments. If I had bought at .25 or .40 and rode to .70 or .80 - great. But I think there are many of us who got in higher, fully expecting more growth. Intellectually, I accept the risk - but it still hurts!
I have some support for LTT's comments about this partnership. During the Hinton play, almost everyone, including Montello staff (?), was very critical of Kennecot for their lack of news. We heard virtually nothing about what was going on. I expect the same to happen again. As others have noted, the market isn't excited by this. Now if Ashton had JV'd with MEO, we might have had some action!
Still waiting .... |
