RE:RE:RE:RE:RE:RE:My Sokoman Minerals Story
"...there is an army of idiots sitting invested in dead juniors with the odds of success similar to winning a lottery ticket. If that was the case with SIC, I would not be here since I have never purchased a lottery ticket in my life...," Blue Chipper.
SIC is my only junior explorer and I do not buy lottery tickets either.
I mostly invest in companies that are producers in the commoditiy space for several reasons these days. As going concerns I can read their financial reports and assess if they are leading their peers. I can read the price charts or tables or reports for commodities and assess whether a company's product is gaining value in markets. Real tangible assets are a safe bet in an over financialized world. We are in a commodity boom for that reason. While markets are down this year commodities have been top performers having retracting a lot less than the markets in general.
Of the few junior explorers I have invested in ages ago they were more advanced with PEA's or in development. Two got taken out, another got taken out just after I sold (ouch), another did a spin out. I did fairly well on most and dumped the others in short order.
So, why did I invest in SIC now? The answer lies in my effort to exploit my background in the mining industry, in government, in media, and my education.
Junior explorers are high risk but high rewards can come with high risk. To assess the risk and reward it requires a considerable amount of knowledge and research in mineral exploration, technical anaylsis, comparative analysis, macro analysis and a host of other skills. It takes a lot of work. There are hundreds of junior explorers vying for your dollars all making appealing pitches. Finding a junior explorer with most of the right attributes that give it a high degree of succeeding entails a lot of skilled work.
Trying to bring all what I know to bear, that is how I came up with SIC. Everyone has a set of skills that factor into how it is they got here and factor into whether or not they are just passing through or staying Their skill allows them to see what it is they have in SIC, to see ahead and stick around or their lack of skill or emotions compel them to skip on through, trading a few hundred or thousand shares to make a dime or take a loss out of fear.
The low trading volume and volume increases that rise when good drill results are released tells you most are in the hold camp because they can see the risk/reward ratio is highly skewed in their favour when all the data and information is digested.
Eric Sprott is a primary example. Sprott invested tens of millions. He is not worried about short term fluxuation of the share price with daily trading on a few thousands of shares. He is here because he sees a return that will be in the hundreds of millions. For that kind of return he is willing to wait as he has confidence that it is there.
Sprott has done his due diligence. Everyone should do thorough due diligence prior to making any investment in any company to gain high confidence in what it is they are doing.