RE:RE:RE:RE:RE:Other than for Tx and now SsBumphreyHogart wrote: TXRogers wrote: BumphreyHogart wrote: TXRogers wrote: BumphreyHogart wrote: and the band, this board is full of know nothing useless shiitheads. Decades of mning knowledge. Clients galore. Hundreds. So many stories about the game and how its played. And yet no one wants to know. Bumphrey was trained, brought under the wing of the best of the best. So I watch and I am amused. But I havent yet bought 300 shrs. Prove it Q. Show me its profitable. In the meantime i will make 2$M on my abx.
Bumps
Listen, BH.
We all have some time to see what comes out of Novo. If a profitable business is the evidence you're waiting for, then so be it. Absolutely nothing wrong with insisting that profitability be an investment criteria.
Just one consideration though: That single criteria restricts your investing to a small single digit percentage of the resource companies listed on the TSX. In contrast, countless multimillionaire investors were created from nothing by NOT being restrained by that same criteria.
It's a risk / reward gig in the end. And it gets progressively more expensive to play the closer a company like Novo moves towards meeting the "profit" threshold.
"Have a little faith, baby .... have a little faith...."
Tx
I consider you a cyberspace friend Txacli and so i do wish you well. I also know that although its one of the more interesting plays in your portfolio, you dont count on nvo to put food on the table. I also follow it but am not impressed by...well, anything to date. It used to be an interesting story but at the moment, I find this 7 yr bottle more interesting. Along with a good ole cowboy movie. They dont write em like that anymore more No no.
Bumfry
Well, food on the table shouldn't be dependent on the outcome of any play.
I will admit this: The last PP and MOY acquisition was a key criteria for me. A "Rosetta Stone" event in fact. So much so that my stake in Novo doubled.
Call me an Oddball, but I was always positive on this gig. And that conviction has only grown stronger.
Tx
Youre a big boy Texacali so i wont try to change your mind. I hope you make money on it. To me its just an overpriced speculative play. And why mess around with that when you can double your money elsewhere in the next 6 months.
No no Hey hey.
https://youtu.be/dSrbPPogYQU
Bumpsgalore
There is no other play I've monitored more closely over the past 3 years than I have NVO, and I will continue to do so until it is quite clear one way or another if they are the real deal. In the meantime, I'll continue to trade in and out based on sentiment and technicals, which has been quite profitable for me to do so, thus far. I look forward to the day I can forget about NVO, one way or the other.
As I anticipate start up problems with the mill, I am awaiting what I think will be a potentially much better opportunity to reestablish a significant position. QH tends to be overly optimistic, and a wee too overly enthusiastic, leading to overblown short term expectations. Like I've said, the slightest indication of at least $10MM free cash flow by 1Q2021, and I'll be back in in a NY minute.
I could take a five figure share position on previously realized gains right now.
I haven't missed out on anything, and won't, including bagholding.
If there's a great ride in store, I have a free ticket.
if there isn't, I'll keep the cash.
DYODD, GLTA.