Post by
helpline88 on Jun 29, 2023 5:33pm
Re: Shares
Yes it is great the insiders own lots of shares but the trouble with that is the more shares they own the less your shares are going to be worth. If they finally end up selling the project the small shareholder cut is going to be small. Not enough to warrent holding these shares for what seem like forever. And if they do finally decide to move the project forward there will be huge dilution as the capital required will be substantial. Either way the small shareholder is not going make back all the years of opportunity loss and inflation. Think about all the money you could have been making in some other investment. Even GIC's are paying 4.5% interest and have it in your TFSA paying no tax.
I still own some shares in this company. Sucking along like the rest of you. But fortunately I sold a lot of my position a couple of years ago, selling in the low $.20. That was when iron ores prices were near records and management was still do nothing. Hard to sell at that time but glad I did. Very frustration company.
I see we are at new low for the year. Painful.
Comment by
Swl1896 on Jun 29, 2023 11:08pm
I feel your frustration. I would like to walk away too. Getting out at $0.20 was a good move on your part. I feel like a storm watcher, even though I know there is a good chance I might get hurt, I stand and watch until the end.