One for the Books...
Well....this has been a strange experience indeed!
Having said that....I did enjoy the ride!
It just goes to show the uncertainity in the marketplace and we must protect ourselves accordingly!
The outcome is very disappointing and I have mentioned this before....we were sitting pretty!
What is done is done...we will move on....what will be...will be!
I myself will not lose money on this play....for others that are underwater...I suggest you tender your shares if you do not reach your break even point before September 12, 2011. No one will lose money here in my opinion...tendering our shares will allow you to ride the "Trelawney Train" to higher prices....ride it as long as you feel fit!
Yes...we could of bought more Trelawney Shares if we sold out at $.42 and bought TRR at current prices...but...such is life...we did take the risk for a higher ratio!
I had the right story line from the beginning...but the final chapter did not play out as I expected!
However...I do have a large position in Trelawney and will be rewarded accordingly by this business transaction....we are witnessing the making of a "Mining Giant"!
Trelawney most definitely needs the Augen Claims in close proximity to the Cote Lake Deposit in order to effectively design their Open Pit Operation and extract the most gold possible to depths of at least 500 metres...I believe they will go even deeper!
The market will soon react and we will see TRR break through their all time high!
The risk was minimal and that is why I held out for a better ratio...it did not happen...big deal!
There are always opportunities....we must act accordingly when they present themselves!
Trelawney is one of them and I have been in since March, 2010...I was hoping that more would follow and would be rewarded to the same extent that I have been...What a ride! It is not over...another chapter of this amazing story is being written...many more to come!
Fantastic new releases will follow in the weeks and months to come!
Do not be too hard on yourselves....this is one example where we had the right story line but were victims of circumstance....our hedge should of been a position in Trelawney....that is the real headline here and I hope that many were hedged accordingly. Augen Gold is just one piece of the puzzle!
Remember....you will not lose money...just hold on until TRR moves upward...you will preserve your capital....at that point either stay on the Trelawney Train or move on!
Regards,
Digger144