RE:RE:Good News and a Good DealThe benefit of the bear market in the precious metals mining space, is that it is allowing intelligent investors to accumulate shares in the companies that have the truly economic projects.
Since the market is not adequately discriminating between the 'haves' and 'have nots', you get to build a meaningful position in a company like True Gold and then just hang on.
This is an environment where you have to forget that it is stock -- you are buying a business here, like in the old days of the stock market. Then you just let the management team build the business over time. True Gold has the chance to build itself into a major company in the space.
Just put the shares in a drawer and forget about it Revisit during the next bull market in the resouce sector. As I have said with regard to some of my other junior mining positions -- in the next bull market these stocks will have DAILY moves higher which exceed the entire current market cap. For those who can get themselves out of the 'trader' mentality and think longer term, it can be a life-changing event.