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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: Chas. who wrote (527)	1/26/2003 6:21:19 PM
From: E. Charters	Read Replies (2) \| Respond to of 16206

What I discovered from righting the Canadian Mining Newsletter is that everybody wants the information for free, nobody will pay you for "extras" unless you work in a massage parlour and everyone blames you for not giving unerring exit points, no matter how good the entry was. They also want to credit you with all their losses, as if you could personally manage 1000 people's accounts in 40 stocks. And the want you to comment the heck out of all their fave plays that are sucker stocks. On SI you make seething enemies of all the crooks, brokers and promoters if you pan. And enemies of all the knife-in-the-back artists if you praise an eventual loser, heaven forfend. I ran and ran with 30 winners since 1995 that appreciated a no less than 8 baggers, some as much as 70 baggers from 3 weeks to 1.5 years. Most were long term fundamental holds based on real discovery from here to Bre-X and back. 800 wanted the info for free, all the info, which included scanning 1000 stocks every day, picking volume leaders, looking up fundamentals, tracking their performance, knowing management and the geology and the plays. No one came close in the industry to our depth, timing and info profile. Email 3 times a day. But to build customers who could use the data and would pay was slow and painful. In the end the freeloaders outweighed the payors and the payors paid ten per cent of what it was worth. A brown shoe living. Maybe 250 payors. The customer base who could have used the data were 10,000. I thot I was being hosed but found out that Ted Carter only had 750 customers! The average person thinks they "know" all the data the minute you tell them. So let them trade in Aklavik and get their data by smoke signals. I got out to pursue a talent of picking the areas that would produce profitably in gold and diamonds from my experience in geology mining and exploration over a 25 year period. Dealing with the lack of depth, negativity and ignorance of the investor, not to mention the lack of institutional honesty and knowledge of the investing houses, is harder, much harder, but the stakes are higher and in the end it will be much more rewarding to have even tried and failed in that game, rather than to continue to throw pearls before swine. Not that all my customers were swine, but they got far more than they gave. It is very frustrating. To tell people who would not invest that they missed the boat and you were right, and have them come back with "who the hell cares". If they feel that way, they can find their own fickhard diamond mines and leave me to feed the Greyjays in the bush. at least the Jays appreciate the camp grease. I will never go back to newsletter writing. I do not even follow the mining equities anymore, partly out of recent habit, and partly out of growing out of supporting others tired old retreads. Cynical ain't I? I admit the retreads are admirable. They are really admirable to all but those who undertstand what mining and exploration is really all about. It is not really about 4 colour hand outs, and "probabilities" of hitting some kind of geological theory. They don't fool me for a NY microsecond. No matter how refined your PhD, you cannot see through solid rock. To oversimplify in my favour. EC<:-}