Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Graystone who wrote (6395)	12/4/1997 11:05:00 PM
From: Eric Tai	Read Replies (2) \| Respond to of 20681

Graystone, I understand that we all hate to be cheated. Unfortunately scam is just one of it. There are thousands of ways to cheat shareholders, mostly legally. -- form a small company, get some revenue, get it to some stock market with hugely inflated market value during bull market. Some year 2000 stocks are just a few programmers with a few contracts but with a few hundred million dollar market value. -- extravagent management who spent the shareholders money like crazy. -- incompetent management who bet on projects that lose money. -- junior mining stocks buying useless pieces of land and sit there doing nothing and the stocks just waste away. -- dumb management spending big money to drill lands with no chance of finding anything. etc etc etc. In all cases you lose money. That's not scams. But unfortunately the speculators and investors just lost big bucks . Any diff? If we have perfect knowledge, we can avoid all of the mistakes, but unfortuantely, we can't. And as for the expert opinions, they are experts AFTER the fact. I've followed Bre-X since it was looking for diamonds in the North West Territories. Hundreds or thousands of expert mining analysts, large fund managers, geologists, journalists etc all talked about Bre-X POSITIVELY. Including Northern Miner which never reported on the desert dirt but reported enthusiastically on Bre-x for the first 2 years. A lot of them even visit the sites. Do they find anything before it craps out ? If experts are that great, they will all make tons of money and retired in the Bahamas.