My FF-ing investment In September of 2017 I read a long promotional marketing piece published by The Equidia Letter which touted the stellar genius of Keith Neumeyer. It was very early in the morning and I probably hadn't any coffee yet, so based on the feel-good content of a marketing letter I invested in this company. On that day - a full 6 years ago - I paid 0.66 cents a share with gold at $1280.
Fast forward to today, many years later, and my investment is sitting at 0.12 cents with gold at $2060. In short, my investment is down 82% while gold is up 60%. My 66 cents never saw 67. They say that equity valuations are forward-looking, so you would hope that given the recent news of new high-grade gold occurrences with confirmation of new areas of mineralization, there would be just a modicum of enthusiastic forward price motion, even with the sad reality of further dilution. But with trading volumes in the hundreds of thousands the net effect on price has been exactly zero as we start another year. Glad I was awake enough on that September morning in 2017 to keep my stake relatively low.