GREY:COLUF - Post by User
Post by
vwigon Jun 23, 2010 1:12am
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Post# 17213246
no need for such impatience.
no need for such impatience.Those who believe this is taking too long should simply sell their shares and walk over to the "instant gratification counter "
and pick up some shares there. Mentioning Bre-X and CSI in the same sentence is an insult to the management team here. Do your dd and spend the time necessary to understand why things take time. There are much more important things to consider than keeping a bunch of nervous nellies from hitting their little sell buttons here.
Two weeks, three week, two months, three months.........if that is too hard to wait on, then perhaps investing in this sector is not for those people.
This company has to date done very well in negotiating and moving this to where it is, which is no easy task for any foreign entity in Brasil. Those who have experienced Brasil and done business there know that this is not an easy task. Outsiders don't always fare very well in this place.
If management has brought us this fare, I am pretty sure they are in top of things and any delays or holding periods or other strategies are simply a part of this game. Keep your eye on the end game as opposed to letting yourself get bogged down by whether results or events happen when you think they should. This progress requires a solid gameplan and a very profound understanding of of who you are dealing with. I think the company is dong fine and we should allow the time them to continue to put the pieces into place, as opposed to wondering whether they are legit or not. If there is doubt of that, then sell your shares and move on.
cheers,
vwig.