GREY:HRIVF - Post by User
Post by
Outofworkbumon Nov 06, 2010 2:10pm
669 Views
Post# 17668882
Company intellectual property
Company intellectual propertyI enjoy reading the posts you guys put on here. I do find there is a trend towards focusing on short term, what you can see and feel as it relates to assets. That is so typical among Gold bugs. I am a speculator, not an investor. I am parked on HRG for the following reasons:
1) I looked over the company for 6 months and found it has the depth in management to make things happen
2) Market conditions now are such that I could not leverage enough actual Gold now to take full advantage of the coming spike.
3) My Oil and Gas focus is switching as that market is playing itself out and Copper,Silver and Gold will make the next rush - in that order.
4) HRG and more particularily Severstal, are active producers on a rebound, unlike Bralorne which is just a bunch of old farts parked on an asset being paid to explore rather than develop.
5) Mine development is cheaper tha ever - low interest rates, eager equipment producers, better technologies from when I was in mining in the 1980's
6) Key minority shareholders have got their act together and are going to make this happen for those lucky enough to be in now.
7) When the next quarter results come out it will already be below what the actual reserves will be worth.
You can have all the Gold in the world but if you don't have the expertise to take it out of the ground profits will wither like grapes on the vine. These guys know what they are doing.
FYI - My track record is not great relative to other options but at 27.17% over the last month and a half and 330% over the last year I am not suffering.