RE:I exited the Aris Train.......Heywood_Silvers wrote: Been with the company for 2 years after having come over from the Gold X buyout. The monthly dividends were nice and kept me hanging on. After the dividend cut and all the intercompany transactions that seemingly go nowhere, the market stigma started weighing on me. I slowly divested my stake over the last 18 months and sold my last trance today.
I do believe that Aris has a bright future and they will be a beast one day. For those whose primary focus in the precious metals space are the seniors and mid-tiers, Aris is a must have in your portfolio. I prefer the juniors with their higher leverage though. Aris isn't getting acquired anytime soon and they have a perpetual struggle to win over the market.
Wishing the longs good luck, our time will indeed come what with the advent of BRICs and the gold-backed currencies. Who knows, maybe I'll be back for round two if Aris decides to snap up the GPL assets from the bankruptcy court and I'm bought out again. They could have the assets for a song and then mothball Tucano until we hit $2,500 gold and that mine is profitable again.
Cheers!
If you believe Aris has a great future, why are you completely out?
I owned GCM for years. Lost half my money (paper loss) since merger with Aris but I'm still holding. However I admit it's a much riskier bet now than when it was just GCM.
Debt is always a show stopper if things don't go according to plan