Funny boardIt is quite amusing to read some of the posts on this board. Actually a lot of other boards and posters on them are similiar to this one.
It seems that some investors only think everything is on the up and up in the markets when the shareprice of stocks they own do nothing but go up everyday.
When the shareprice goes up towards its rightful place at levels much higher than where they bought it the longs think everything is fine in the markets and everyone is just realizing what they knew all along. When the shareprice goes down it the evil shorts fault for their endless manipulation. So the shorts are evil for trying to talk the shareprice down but its okay for pumper longs to endlessly try to pump the shareprice up?
Personally i have lost a lot of money listening to pumpers and would have done a lot better many times listening to what the bashers had to say. PVG has proven itself over the years and the cash it has generated over the last several years tells the real story no matter how much anyone wants to bash it.
The way it works is that both sides try and manipulate the shareprice up or down. In the longer run the performance of the company will dictate where the shareprice goes. If someone came along and offered $50 per share for PVG tommorow the shareprice would skyrocket no matter how much b.s. the shorts post. Likewise if there was a big fire in the plant and gold production stopped for the next six months the shareprice would drop.
The fact is that although a lot of longs dont seem to understand it the shorts actually have a lot more risk than the longs. If a long were to purchase shares at todays closing price of $14.27 they have the potential of unlimited upside but could only lose their original investment of $14.27 for every share they purchased. As the upside in the shareprice is unlimited a buyout offer etc. could cause the shareprice to skyrocket causing the shorts to lose an unlimited amount of money
A lot of posters like to take all the credit when shares of a company they buy goes up but blame shorts and everybody else when the shareprice goes down. We are all big boys here or should be. Anybody who buys a stock knows that shorts exist and nobody forces them to buy. Time for some to take personal responsiblity for their actions.
On another subject a couple of posters here keep posting articles about how the CEO of Seabridge talks about what a great deal he got in buying Snowfield. What do you think he is going to say to his shareholders? Would he say sorry Seabridge investors but PVG just ripped me off for $100 million USD? Of course he is going to boast about what a smart fellow he is and what a great deal he got.
In the long run he may end up proven right. It could end up that this deal ends up being a good move for both companies. For those who are in love with Snowfield posting endless whining b.s. on this board wont change anything. You can buy as many shares of Seabridge as you want and still own Snowfield.
Time will tell whether Seabridge or PVG are the better investmend. In Seabridge and Snowfield we have a company with a huge resource of .5 gram per tonne gold. They will need many years to get all the approvals, financing and mine construction and that is if everything works out before they start making any profits.
And then likely many more years to pay off their debt. With PVG we have a company producing 360 thousand ounces per year of over 8 grams per tonne gold that will be debt free by next summer and cashflowing $330 million per year which gives them a lot of options for exploration, buying other properties etc, etc.
I know who i am betting on. PVG is miles ahead in every way.
Never mind the shorts, never mind Snowfield and all the rest of the b.s. Focus on who will be debt free and generating buckets of cash six months from now and for decades to come.
Thats all that matters.