RE: RE: news This was a fun little play on news in the past. Unfortunately it never got past the "play" position. I was naive enough to think that it was on track about six to seven years ago. I mentioned it to a friend who unfortunately got caught up in my enthusiasm...and not realizing that pennies are played until they prove themselves, she hung on. Sonomax was my initiation into never mentioning juniors to a junior investor again.
I did well on this flipping it. It has now flipped out. Although I can see why someone would buy into it big time with a gauranteed 12% p.a. return (sharking into today's world) any of you still holding on are even more delusional than I was.
Berglay; obviously you are correct....there is nothing left. I've been calling for a management change for a long time (not necessarily Nick...he's just an expensive saleman really) but it's too late now, no matter who quits. The idiot BOD have killed this turkey.
I've never been so negative about this, but the last two desparate financial moves are definitely the death knell.
With all due respect to Prime and WJF....Christmas is over and the vultures are ready to pounce on this once tasty bird.
Thank goodness there are some other juniors that are treating me well and understand what measured management is and can focus on growth in a sensible (not bi-polar) way. The venture market is unregulated except by the TSX that owns it. Kinda like ultimate fighting (UFC) or (WWE) where the idiotic fans keep paying for a fixed match. Unless you know the fixes, you're just innocent collateral damages.
That's enough for this New Year's message. In 2013, if you want to invest do so, but not in the McDonald's Play Park. Also, if you really want to play in this venture park, do so with money you don't mind losing.
Otherwise, all the best to you and yours in 2013.
ALL IMHO, with good motive and rationale.
Go KNE Go!! (due your own DD)