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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (41925)	3/23/2011 9:36:30 PM
From: Madharry	2 Recommendations Read Replies (2) \| Respond to of 78717

When I was looking at stuff 3-4 years ago I was looking pretty much at what other experts were saying about specific companies reviewing the information , trying to get a handle on management and the geologists to see if it made sense to me. every year i try to go to the hard assets conference in new york and talk with management and geologists and listen to their presentation. after a few of years of this I really think that management is a necessary but insufficient condition for success. I found that frequently when industry insiders take a position it pays to follow. otherwise i think projections dont necessarily mean a whole lot. it has been my experience that actual costs and production can vary a whole lot from the projected numbers for whatever reason, and that is why i would be very careful about buying into individual mines unless either you or someone you trust has some confidence in the management. I have not looked at either of those two names. i will keep them in mind and see their booths if they have one at the next conference. but right now if i were to add to my investments in the area it wold probably be to purchase more aab.to or cmp-wt.to. I get to buy stuff at a discount and im paying knowledgable people in the industry to manage the money for me.