RE:RE:RE:Down turn Market capI don't hold too much FVI. I mean common man it got to $12 and you have to sell some at that gift. I was in at about $3.
Here's my take, before they bought into Africa with ROG, they were a take over candidate if precious metals ran. Now its like BTO in Africa.. YUK
Still, FVI at $4.90 I nibbled.
There's no mngt purchases in BTO. They sell as soon as they can exercise their options. So the float keeps growing. They pay huge taxes. Huge float to short. No shareholder friendly action. No NCIB, they need to buy a tax loss, I mean I only got grade 2 and even I got ideas, and their sitting on their hands. Sayonara!
When they were at $9 and change I followed mngt to the exit, just didn't sell enough. I remember Loonietoones mentioning the Clive's sell and took it as a warning. When it started to go down I put in a stop. That took me out without any emotional input.
I moved into nat gas then, bought BIR AAV ARX TOU and am just yesterday starting to sell some of them. They probably still have a ways to go up. But like BIR 66 cents to $6.02. Better to be safe than sorry.
FVI is years away from fully operational now with ROG. So it's not a rip roaring BUY. I'm not a gold bug. If gold dropped back to $1250 all the gold cos are bkrpt. What would make gold run .. and economic collapse, well that's no fun. I wait out the election now, no margin, small cash, lots of oil and nat gas. All the stuff of winter, food, etc.
GLTA