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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Aragorn1968 who wrote (3089)	12/12/2005 4:08:09 PM
From: ogi	Read Replies (1) \| Respond to of 78419

Except for this board maybe there is no correlation between any of these explorers, TK,NW,CGE. There are hundreds and hundreds of these companies and 100% of them piss money down the drain looking for something they won't find. Simple as that. It is your job to own those very few that find something worthwhile in the ground before they run out of cash. The odds are against you. That is why I told you that you sold CGE for a reason, so there was no sense getting back in right away. Now the stock is 50% cheaper, has 1 mil $$ in the bank and has a better idea of where to drill because they certainly know a bunch of spots that have ABSOLUTELY NOTHING! It is cheap now. You can play these for a long term win or you can trade them. Ideally, you do both. They have a life cycle, you get in as early and cheaply as possible, you buy a whole bunch early the stock goes up on some story or some early samples etc. you sell a bunch. Now you are at even but you own a lot of stock for free. You can now safely wait for drill results and can hold or sell in the future based on those results. CGE's failure is not a failure of exploration stocks. It is a failure of one drill program and possibly an indication of poor management but I have not answered that part of it yet. Cheers, Ogi