The Psychology of 'DD' InvestingI'm a psychologist, don't know jack about mining, and don't do DD in the traditional sense of the concept, basically invest psychologically. Thus, I appreciate posts from those who are geologists or who have worked in the industry, thanks....I'm in the camp that believes the stock market is a bubble, and gold will attract investors until the Debt Gone Wild group starts to go through its Sexual Harrassment Days Of Reckoning phase (the Weinstein Effect?), when all kinds of Debt Abusers will start losing their jobs in disgrace. I'm aware that gold stocks crashed 70% when the House Gone Wild group crashed and burned in 2007-8, so who knows, when the market finally crashes, gold and gold stocks may go down again too. Haven't a clue. Be that as it may, I'm investing heavily in gold companies that I believe have superior management and FCF, and that's why I'm in for half a milllion on AGB at a break even point of $1.50 CA. The recent Rorshach interpretations of the commercial productin progess has been interesting, especially everyone's projections on RIck Rule's comments My take on Rick Rule is that he right (ha ha, any outcome works!), that no one knows where theory and reality will meet in the commisioning process, even when management has high integrity and expertise. PVG came out on the upper end, but there was lots of angst about the nugget effect, etc. AGB is in the mining business, and as Brent Cook articulates, people are making statistical inferences for a whole room's contents based on a few holes drilled through the room. I published some papers when I was a grad student, know the basics of statistical inference, know that you gotta put the whole room through the mill to determine exactly what you're got...then extrapolate that to the rest of the pit, the uncertainty never ends.
I used to be heavily invested in TMAC, incredible managment, story and execution (for a while), and they found a new gold mine beneath their first one, right underneath a large dyke. But during the commisioning phase they ran into huge problems, and once those problems started to unfold I sold everything for a huge loss, yet got out before the stock tanked another 5 dollars. TMAC is loaded with gold but they are way up north in the middle of nowhere, and when things went wrong it was a challenge to fly in the expertise/parts to right the ship. I haven't been following TMAC recently but someone posted an analyst's recommendations here back in November that I'm reposting today....TMAC may be a great turn around story (I still haven't bought back in though). AGB is also on the list, and we'll see what happens in the next two quarters. Rick Rule knows that until the rubber meets the road, no one knows for sure whether ABG will go the PVG or the TMAC path. Go luck to all longs!.....We'll suffer or celebrate together!
Another buy recomendation by Desjardins Securities
10:02 AM EST, 11/28/2017 (MT Newswires) -- Desjardins Securities analyst Raj Ray initiated coverage of a trio of junior gold companies with assets in Canada, which he called "pioneers in each of the emerging Canadian mining camps in which they operate," the Globe & Mail reported.
Ray gave buy ratings to, in order of preference, Osisko Mining (OSK.TO), Atlantic Gold (AGB.V) and TMAC Resources (TMR.TO).
He believes the three are among "among only a handful of companies that provide investors with direct upside exposure through either a share re-rating or M&A."
Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.agb&postid=27048168#RpfhwdYRGvVvxM9f.99