spitrader1 said:theres only one thing bottom pickers get.....smelly fingers.
My advice has always been...BUY A PRODUCER...not someone said its gonnabe....thats why I buy only...if I know 100% thats is going to happen...I wont say who...that is the difference between a good share and a gonnabe share...good luck to all...they have $95million in the bank...hope it will work for the shareholders.....nizar said:Exactly, when will people learn
PhoenixXx said:Omg...a lot of people buying from the early stage would've thought of shooting this company.
PhoenixXx said:So basically this company downgraded its status into an explorer and it could take up to 2 years exploring?
I didn't realise this until I bought it.
Should've paid more attention to the news.
Omg...a lot of people buying from the early stage would've thought of shooting this company.
chicken said:My advice has always been...BUY A PRODUCER...not someone said its gonnabe....thats why I buy only...if I know 100% thats is going to happen...I wont say who...that is the difference between a good share and a gonnabe share...good luck to all...they have $95million in the bank...hope it will work for the shareholders.....
Re your last statements...SORRY....AGM has A HUGE deposit in them hills in Tasmania..better believe it..it will all happen...all sold to CHINA for the next 15years.....Better do some research before posting my friend... You should know that I DO MY RESEARCH..funny that....but I do....LOLOLOLOcuttlefish said:I didn't hold this but I don't know that thats fair comment to anyone that did - this looked like a producer about to start production. They had a probable ore reserve - this is supposed to be a high level of confidence estimate under the JORC code and a very reliable figure. They had also started actual mining.
Clearly someone has stuffed up badly by putting a cruddy JORC estimate together which makes all of their figures look shaky. Comments like we'll convert from inferred resource to gold bars rather than to indicated or measured reek of very poor management - how can you plan capital expenditure when you don't know how much you've got and what the profit will be. It sounds like they just assumed that if they start mining they'll uncover enough to be able to keep going for quite a while, rather than doing some proper measurement prior to commencement.
Using your logic above, AGM, a stock you favour, is also not a done deal - who's to know whether their Nickel estimates will hold up - who's to know they'll get their equipment commissioned and working in the timeframes they've predicted etc.
this is true!cuttlefish said:I didn't hold this but I don't know that thats fair comment to anyone that did - this looked like a producer about to start production. They had a probable ore reserve - this is supposed to be a high level of confidence estimate under the JORC code and a very reliable figure. They had also started actual mining.
Clearly someone has stuffed up badly by putting a cruddy JORC estimate together which makes all of their figures look shaky. Comments like we'll convert from inferred resource to gold bars rather than to indicated or measured reek of very poor management - how can you plan capital expenditure when you don't know how much you've got and what the profit will be. It sounds like they just assumed that if they start mining they'll uncover enough to be able to keep going for quite a while, rather than doing some proper measurement prior to commencement.
Using your logic above, AGM, a stock you favour, is also not a done deal - who's to know whether their Nickel estimates will hold up - who's to know they'll get their equipment commissioned and working in the timeframes they've predicted etc.
Originally Posted by nizar
......
We are in a bullmarket, its not as if we are in shortage of winners, so try to buy stocks at all time highs, please, instead of catching the ones at all time lows, and then we can all make money and be happy
William Eckhardt used this method. As long as you have a tight stop loss, you should theoretically be able to catch stocks on a breakout etc. while they run, rather than having to pick a top or bottom, or waiting for a correction that may never happen.Dr Doom said:nizar, not sure that's a winning formula either, same risks at all time highs as lows eg picking tops & bottoms. No skill in being lemming, but they all eventually drop of a cliff
cuttlefish said:not in the next 6 months anyway - plenty of cash from the recent placement at 80c to institutions ...
Mate you SHOULD do some research before POSTING....Sons of Gwalia...had a HEDGE problem..NOT A RESERVE problem my friend thats what killed the company...see SBM its All there in black and white....as far as BDG....they have VERY little gold indeed whereby...the Sons of Gwalia reserves are indeed proving to be so...do your research first as what you posted is incorect.....Alex_in_Oz said:I must admit that last years share placement looks really, really convenient.
If this stock was traded on the NYSE NASDAQ or OTCBB this would never have happened. The board would have been nailed for sure IMHO. Have we learnt nothing from the Sons of Gwalia debacle? The story is the same - questionable reserves. Only significant difference is the SGW forward contracts but the same story essentially
IMHO opinion there is something VERY smelly about this whole saga.
I bought in at $1.45 sold at .74 last Thursday (!) bought in again at .295.
Over the years I have trade this stock for some handy profits so I am not much in the red but I really do feel for people who bought recently.
With the RIGHT MANAGEMENT and the RIGHT GEOSCIENCE team this is a good story IMHO. :behead:
barney said:If it were me in this position (again) I would buy more, set a tightish stop loss, and hope to hell it rebounds sooner than later.
In two years from now who knows where the SP on this might end up ............ patience will be the key I think ........... time will tell .......
Good points Tek, but I think it will be hard for old time holders to let go psychologically, as is seen in this thread already. On the other hand, your second point above could be valid too. The market normally under and overshoots. (not sure about this been like a double bottom though) All the best.SevenFX said:Why not use that money into so many other shares today trending up, and positive anns..... and possibly blue skies.
EDIT: In 2 years from now the company could be run down further...????
On the other hand, there could be a small bounce today
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