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


To: seventh_son who wrote (36578)12/8/2005 12:34:28 PM
From: TrueScouse  Read Replies (1) | Respond to of 39344
 
7th:

All your reasons for the lack of interest in TGX may be valid. I just think that there is very little interest in the diamond sector at the moment -- it tends to do much better in the Jan to March period, when results from the previous year's exploration come out and in the run up to the PDAC. Meanwhile, as a precious gem explorer, TGX is at the bottom of the heap in terms of this lack of interest (or lack of knowledge).

I think that one of these days TGX is going to surprise the market with some spectacular news -- high grade rubies, etc. And it's so thinly traded that then there'll be a stampede for the shares. I've been adding significantly to my position in the last week. I even sold some EZM, my best performing base metals stock, in order to free up some cash for more TGX at these bargain levels. TGX is now over 3% of my PF -- and this is a large position for me. My biggest holding (CKG) is only 6%.

<<BTW they made the Diamonds.net news yesterday>>

A beautiful piece of jewelry. And a beautiful neck that's displaying it!

It's frustrating when nobody seems interested in your pet rock! <g> But that's the time to be buying. :^)

Best regards,
Howy



To: seventh_son who wrote (36578)12/8/2005 12:55:01 PM
From: LLCF  Read Replies (1) | Respond to of 39344
 
Never really followed it as it has little chance to become an institutional type play. That doesn't mean they can't strike it rich and the stock take off if for nothing else but earnings. I agree with TrueScouse... and all your points, ESPECIALLY that when something does happen that obviates value it will simply gap to whatever price the new paradigm dictates... you won't be able to buy any then at these prices.

BTW... I think the ole battle cry: "don't be a buyin till their cryin" fits here and TK:

Message 21955343

DAK