This stock has got to be my worst buy ever.
In the last 3 years my Barrick has gone from $14 to about $30. In the same timeframe TRA has gone from $0.09 to $0.08. These 3 years have seen a gold run and an all time high for gold. And Teras has done nothing at all. Literally no accomplishments occurred during this entire time. Now gold is retreating and the stock market is flying high.
In the last three years so much stock and option creation has diluted any value that might have been created in the meantime. It's hard to imagine how the stock could go back to the highs of 2012. I really struggle to see how a 43-101 could be so amazing as to offset this. They can barely make their lease payments every year - they have to issue more stock with low-price warrents attached every time.
We've been told that there's huge news around the corner for almost 10 years... and then the CEO steps down (but stays on as a highly paid consultant) and I guess at least there's been tons of options printed for the executives. Nice for them.
It sure seems like the only people that have benefited from this are the executives who sure seem to be pulling in above market paychecks for absolutely zero results.
Any one else have an alternative view on this thing to give me some hope?