WCJ1 disappointment is contagious I agree this has been disappointing, but so has every other resource based stock in my portfolio. I am a fan of owning companies with assets because at least they have reason to rebound when the market itself finally ends its downturn.
A few interesting facts concerning the Venture X (and yes I am plagiarizing from a friends email earlier in the week)
“In October of 2003, the TSX Venture Exchange traded at the same level it does today.
What's important to note about October 2003 is that gold traded for roughly $380 an ounce - it trades 425% higher today. In October of 2003, silver traded for about $5 an ounce - it trades 600% higher today. In October of 2003, a barrel of oil traded for $30 - it trades 320% higher today. In October 2003, Comex copper traded for
.92 - it currently trades 415% higher.”
“Fear has taken over the TSX Venture and the last time that happened, the greatest buying opportunity of our lifetime knocked on the door.”
I believe we are at or near the bottom, if you are still an owner of Tosca .... Hang in there, rosier days are ahead!
Mike!