"OFF TOPIC"
Well Andy, if you've "all but drowned in losers" it leaves me wondering if your portfolio needs some balance. If you're all invested in speculative and/or small cap stocks then it would not be surprising to hear that you're drowning, given the state of these investments generally. I'm not qualified to give investment advice and I'm just a small fish in the food chain, but my favorite investments have been companies showing on-going growth in earnings, yet trading at low price earnings ratios (ideally a p/e less than or equal to the growth rate). I recently heard of the strategy (or similar strategy) described as GARP: Growth at a reasonable price. As for the mining exploration companies. I'll likely start "picking" away at them some time in December..but no more than 20% of my portfolio. (If my wife was looking over my shoulder right now, she'd say "only 20%?...ya, sure, and what happened last year!"). But then, I also like Blackjack.
Good luck
T.Bill
P.S. Remember Jaba has about 20 quality properties, not one, two or three but 20. Remember that when someone tries to sell you on a company with much less! And, equally important they have reputable, experienced management to see it through. Add to that a copper property ready to be mined in a very cheap manner(we just need copper prices to improve for me to get excited about that). These properties aren't off in some little country with a dictator or civil war, they are right here in North America (and Mexico)! The only risk is if our company runs out of cash and closes up shop....I don't think so. This is a career decision for Mr Briscoe and Guilbert and they'll keep things a float until market conditions improve or more JV's come knocking on their door.
Time and patience, are on my side! |
