Post by
stockzorg on Jul 22, 2021 6:11pm
God works in mysterious ways
One of the good things about this latest downturn between news releases is that I haven't seen so much religious commentary on a stock board in quite some time. Not a bad thing. During times of higher stress I have a tendency myself to take a step back and stop asking Him for outcomes as much as the strength and wisdom and patience to deal with the journey.
So perhaps we are in the middle of a test of faith. In situations like this where nothing goes straight up or down over the long term, bear markets grind lower forever, and bull markets take the form of rip-your-face-off rallies, it's not that unusual. Mr. Stoeferle has now spent $43,480 over the past three trading sessions in the open market. Maybe he is showing leadership, maybe he is showing faith. But clearly he's showing something.
Whenever I begin to question myself I always go back to the data. 12.7 million ounces of Au (not AuEq) in the open pit. M&I. Let's forget about everything else for now. What's that 12.7 million oz. worth? At 60% ownership, Tudor's slice is 7.62 million oz Au. The fully diluted share count is 192.6 million. Gold in the ground is selling for healthy average prices this year.
Funny thing. . . .when cold hard math shows me that a stock is undervalued, I find it much easier to have faith.
Beyond that, I have some level of faith that another 3 million oz. Au will move into the Measured category for the open pit this year, and that drill results will show some additional gold at Eureka, PSZ and maybe the Orpiment area.
When it comes to understanding the true boundaries of Goldstorm by the end of this drill season my faith gets a bit shakier. What if Goldstorm is connected to Eureka under the ice? Or it just keeps going to the north? What if they have to drill 1500 meter holes to reach the depth boundaries and run out of time? I'm not sure all of the questions will be answered.
I have a few other stocks that have been impacted by the four-month bear market (so far) in venture companies. Some are even selling for more of a discount from their last PP price than Tudor, like SX.CN/SXOOF. But I recognize this as a pattern I've seen before, and I know that by buying through the bottoms, I've done very well in the past.
I can't imagine selling 70k shares at $2.01 in the morning today then watching it go to $2.19 at the close. Or back up to the PP price when drill results come out. I get more upset with myself when I fold early than when I stick to my valuation math.
In the end I have to conclude that God actually works in obvious ways, but the warlock trading I'm seeing in Tudor stock does not. Whether it's naked shorting, panic, flat out foolish trades, manipulation, collusion or spoofing or whatever, it's not something I'll ever figure out (and neither will the regulators).
Do your own due diligence. GLTA. Doug
Comment by
LonghandStrong on Jul 22, 2021 9:20pm
you need to stop making comments like this on the geo, you clearly are out if your depth. You seem to be describing the 300 H as a placer deposit, when it is intrusive hydrothermal. I can almost hear the clicking of Google from here. This takes me back to my days of mocking you with, you wouldn't know a porphory from a pumpkin-esque raporte.
Comment by
NOMOREROLLBACKS on Jul 23, 2021 1:16am
AS I SAID BEFORE, ALL THE FAULTS COME TOGETHER AT THE PERFECT SITE AND A PERFECT Mountain OF GOLD. WAS THAT WHY IT WAS NAMED PERFECT STORM.???????? ...... A MOUNTAIN OF GOLD???????............ HMMMMMMMMM..... ..