RE RE RE RE tired of waiting
I just think that theres some investors who invested in Douglas that should not have invested in Douglas at all. People think that they can put money into a junior and make money right away.Has the majority of Douglas share holders lost money on the stock. Heck yes. When you invest in these stocks you have to figure that you might loose most or all of your money. Would I have sold my stock years ago and invested at these prices now. Heck Yes. Any junior is a gamble.Canaco was trading at .06 cents back in September and they drilled some holes and came up with good results and their stock is trading at .97 today. Oh yes Douglas is a bad stock to own and no one should have invested in it. I think that this is the craziest statement anyone can ever make. Douglas has 2 properties right next to Canocoes which if they were drilled I feel will come back with just as good results as Canocoes. Canocoe has maybe 2 properties in Tanzania Douglas has 3 times that many. Canacoe has twice as many shares out there as Douglas. Ruby Creek is going to have to come up with money and shares to mine Mikuvia and Douglas gets 20 percent of the profit. Douglas wants to be a royalty company just like Tanzania Royalty which is trading around $5.00 a share.
Douglas should not have any more dilution. What happens if Douglas does the same with the other properties it has. Douglas has no cost and just keeps getting money in. Is it still a risk heck yes both juniors could go down. But thats the junior mining business. Its all risk reward.
Harp made a lot of mistakes this I admit but who went out there and got the properties. He was a one man show down there. Douglas had a lot of bad luck and a lot of it was not his fault. Dont forget he was just one person running the company with practically no money to work with. There was many a time I thought the company would not survive but it did and now I think that Douglas is about to turn around. I feel that someone is going to come in and JV some of the other properties. Dont forget the Chinese put a lot of money in Mikuvia had 15 geologists on the property and not one did not like the project. The Chinese put out a 300 page report on it. I think the Chinese own 20 percent of Douglas. Do you think that they are going to let Douglas go down. I dont.
I feel if anyone does not like Douglas to sell their stock now. They will probably post latter on and complain they sold their stock too cheap.