stoxclimber said:I invest in companies that I believe are undervalued which in itself limits the downside price movement. Secondly, depending on the price movements I may chose to exit the stock for whatever reason but its a decision i make based on the facts at the time & using my intelligence, not some arbitrary price limit.
IMO if you have access to a computer whenever you need it, and you're investing fundamentally, theres no rational reason to use a stop loss (provided you arent levered). If you're convinced that the average market participant is smarter than you at analysis, and thus the markets views in the price of a microcap falling x% outweights any fundamental analysis you have conducted on the company, then you should not be investing.
greggy said:Just a mischievous comment on my part, no hint of paranoia.I've been in this business for 28 years and I've probably outlasted many a share trader. I can read between the lines of much of what is written on this forum. I for one think that YT does a great job along with Kennas & Co. and its good of him to clearly state his positions. I don't think he's paranoid either.
DYOR
Considering that his opinion is free of charge, maybe we should put some money together and send him a case of VB.Nicks said:Agreed. YT does a great job. I always read his posts with interest and he often provides me with valuable info and responses to questions. Should have followed his lead and bought into MTN when he was promoting it some 10 months back.
nizar said:Yeh thats fair enough.
But surely you've seen cheap companies become even cheaper?
Each to their own. I mean as long as your method works for you then its all good.
I only start uses stops after what happened to me in May!
I got taken to the f%$&en cleaners!!
Hi Stoxclimber,stoxclimber said:Sure it happens all the time...personally i like to look for companies with some upward momentum in the price but yet still undervalued (although this isnt fundamental)..
i just disagree with the entire idea of a fixed stop loss..as we know from finance options are valuable - so while i dont object to one selling because a stock has fallen i disagree with a fixed stop loss where the investor doesnt consider the circumstances at the time (i.e. maintains their option to sell/not sell)
greggy said:Considering that his opinion is free of charge, maybe we should put some money together and send him a case of VB.
P.S. I don't hold any shares in Foster's.
stoxclimber said:Sure it happens all the time...personally i like to look for companies with some upward momentum in the price but yet still undervalued (although this isnt fundamental)..
i just disagree with the entire idea of a fixed stop loss..as we know from finance options are valuable - so while i dont object to one selling because a stock has fallen i disagree with a fixed stop loss where the investor doesnt consider the circumstances at the time (i.e. maintains their option to sell/not sell)
Each to their own methods. In the end what counts is the bottomline result at the end of the FY.CanOz said:I see your point Stox, i just don't trade that way. I put a stop loss firmly in place at technical support.
If i was going to be in front of the screen 100% of each trading session i may only write down the stop loss, and not actually use a conditional order. But i would still stick to my game plan and sell if it hit the target.
With BYR i've allowed a bit more room for price swings as its so thinly held right now.
I may get stopped out, i may not.
Good luck with your method.
Cheers,
phar cough said:Ann out for BYR !
powerkoala said:low grade?
YOUNG_TRADER said:Well at Mansounia the target deposit is 4kms long by about 1-1.5kms wide,
previous drilling has indicated that the gold is low garde ie Avg 1g/t Au - 1.5g/t Au, but is at times near surface and is up to 60m thick avg probably 20m
So 4000m x 1000m x 20m (using lower avgs) = 80M cubic Metres of Dirt grading 1 - 1.5g/t Au
I'll assume that 1 cubic Metre containing gold = 2 Tonnes
So 160Mt @ 1g/t Au (To use lower grade ore) = 5.7Moz's
The Avg EV for gold plays is $25 oz so Project Worth $145m based on those EV figures = $3 BYR (using 45m shares currently on issue)
Thats still Freaking huge![/B]
Elsewhere on the property, similarly aligned structures and magnetic domain geometries are recognised but have yet to be tested by Burey. Of particular interest is the area where one such domain appears to have been peripherally validated by substantive artisanal workings (Sinkalimba Creek) but where direct
testing has previously been precluded by a substantial cover of massive laterite curasse.
skegsi said:Table 1 from the ann shows the more significant intercepts. I pulled the table into excel and it gives an average g/t of AU of 1.1g. That's only the significant intercepts, so lets say minimum of 0.8g/t.
Working with some of your previous figures YT:
160Mt @ 0.8g/t Au = 4.5Moz's
Project worth = $113mill
70% stake = $1.75 BYR
I've uploaded the excel sheet if anyone wants
I thought this was also interesting:
and the fact that they stated their longer term objective remains the preparation of a bankable feasibility study for the development of a commercial heap leach operation. Which lends itself to thinking that this was, at the least, what they were expecting from the results.
Bring on rights issue and uranium announcements
Drill results enhance potential to develop Project as an open pit, heap leach operation.
Significantly, Burey’s drilling results verify the concept and presence of a NNE trend to the primary
gold mineralization on the Mansounia property and furthermore, that it extends along the entire
1,500 metres of structure tested by Burey, including the northern 800m, not previously drill tested.Mineralization is not equally well developed throughout, but continues nonetheless, up to the
property boundary with the Jean-Gobelle gold mine operated by Semafo Inc., whose pant-ste is
located a mere 1.9km from and in sight of Burey’s northernmost drill fence.
The geometry of the primary gold mineralization
source is not inconsistent with the recognized setting of primary gold mineralization exploited in
Semafo’s neighboring Jean-Gobelle gold mine.
skegsi said:I thought this was also interesting:
Elsewhere on the property, similarly aligned structures and magnetic domain geometries are recognised but have yet to be tested by Burey. Of particular interest is the area where one such domain appears to have been peripherally validated by substantive artisanal workings (Sinkalimba Creek) but where direct
testing has previously been precluded by a substantial cover of massive laterite curasse.
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