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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (172883)	8/9/2009 10:11:18 AM
From: philv	Read Replies (2) \| Respond to of 313060

I am holding for the drill play. Hope to be out by October just as last year. And if the results are especially good, may do it all over again next year. Btw, the Co. has never expressed an interest in starting a mine. That's for deeper pockets, and they have stated so. The Stewart area has a long history of mining, gold, silver and copper. Some of it was tragic in difficult terrane. I once visited the Granduc mine, and was struck with the great human effort and what it all cost. Thanks for your thoughts.

To: E. Charters who wrote (172883)	8/9/2009 1:14:42 PM
From: philv	3 Recommendations Read Replies (2) \| Respond to of 313060

Investing in mining stocks is definitely a crap shoot, with 90% or more of the thousands of exploration Cos. never getting close to developing a mine. And even if a Co. is developing their property, the results can be brutal. For an investor, it is probably better that the Co. sell its property or itself to the highest bidder. I'm thinking about GBG and ANO, both of which are working towards mine start up, both of their stocks are stagnant and way off their highs. Other newbies are struggling to survive or to make any money, like KGI who has never made a profit. Of course there are exceptions, like SGR, making steady progress, even little limited GOZ. Its hard to make money investing in the Jr. sector. The mantra was to invest in late stage development properties, but that hasn't paid either. The TSX.V meltdown has shown the vulnerability of the Jr. exploration/development sector, as they have no income other than to issue more and more shares. An ARU doesn't come around very often. I have changed my philosophy from "investing" to short term promising drill plays. Who can hold a stock to mine production, with all the pitfalls and inevitable decline in share price? That is probably why the Sr. Companies don't do exploration. They just gobble up the good ones. So many of the promising often touted Jrs. by this guru or that, have bit the dust, now broken and broke, with the shocked and confused investor holding the empty bag.