Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (3133)	4/20/2002 11:38:30 AM
From: loantech	Read Replies (1) \| Respond to of 39344

Russ, Scamsters coming out? That is a good reason to get into well managed companies early that you know. Like MFL, CBD, RIC, NT, or which ever are each persons favorite picks now. I am going to hold them (my picks) for the long term. I agree that there is a tremendous amount of bullishness now and that certain stocks have had a big run without an equivalent ratioed % move in AU or AG. So all are vulnerable for a pullback. But after achieving success with stocks with all but proven reserves this past year like:MFL, BAY, CBD, RIC, HL those are what I am sticking with. I still hold GNG and WTC (already has inferred and proven resources), but taking GNG for instance. I got in around .45-.46 on most. If it triples we see $1.50. The triple has already been achieved or close with the 5 picks I just mentioned with much less ownership risk. So the grassroots MAY have a bigger bang but all can be affected by a down turn and the money is more stable in the ones with proven reserves or resources. Just an opinion of course. Here is my new STRATEGY, let me know what you think: Hold like 10 long term core stocks, as one rallies strongly, lessen its positon and buy one of my core laggards. Keep rotating and try to pick up as much as possible on the big rallies but retain ownership in the core at all times. For instance I reduced on BAY and RIC and HL in the last two weeks and added to MFL, CBD and HGC and WTC. MFL is on a strong run so maybe next week sell a bit of that and buy more NGX. Still just tinkering with the idea. I still have a lot to learn and appreciate all the contributions. Tom

To: russwinter who wrote (3133)	4/20/2002 2:58:27 PM
From: marcos	Respond to of 39344

'<should we get a resources bull market> To which I say, what have we been in, chopped liver?' Right on, i should have typed 'should this bull continue and get legs' or something like that ... and i see that in cranking off a quick post i missed putting a fine point on the central thought ... here is the post whole - #reply-17355667 Central thought is that you cannot fairly judge resource plays by bulletin board or pinksheet examples .... for many years there have been two main world centres of mining finance - Canada and Australia ... in reaction to some wild stuff in each, they have both tightened up reporting standards for resource issues ... so even if you find something that appears reasonable and is listed only on the bb/pinks, you have to ask - why don't they have a cdnx listing? One answer - and there is legitimacy to it - is that the costs of listing there are higher, all that compliance to regs takes cash to fulfil .... a few years ago a rights offer to existing shareholders was being discussed for one little cdnx company, idea was nixed because it would cost near Cdn200k in lawyers' accountants' geologists' fees - you just about had to do a bankable feasibility study to satisfy the exchange, and this was to raise one or two millions for a drillbit speculation But there are other possible answers, too often true - looser regs also attract looser morals ... a bb-listed company can and often does make about its progress claims for which it would be instantly halted were it cdnx-listed Any bourse is going to have problems slip through, there are endless examples for all of them, there always will be because if you tighten up regs enough to eliminate them you choke off their function of the raising of capital for speculative enterprise .... so the only answer is speculator education, and imho that means in resources you need to at least study for comparative purposes the canuck- and/or aussie-listed plays