RE: sumete_not_com...tt111I'm only long 13 pm stocks down from 25 of January of 06 and NEVER short as majority of these funds are in my retirement accounts. I kept Macmin and New Guinea in the 13 as I expected them both to be producing with prices over a buck a share by now. I have sent emails to management expressing my dissatisfaction with the recent share financings, stock options, etc and basically they say tuff c h it if they reply at all. You basiclly have one management that runs both companies and they are not accountable to shareholders. This is the only place where U can express an opinion and if someone doesn't like they always say U R short. I listened to a conference call in the fall and someone said we hope to be sitting here in January with a gold bar on the table. January come and went again and there are more shares than last year and its like a race for NGG to catch Macmins 500 mil shares. IF management wants me to give them an INternet A $ $ kiss lets see those AU & AG bars.
Its not that I have lost money on my Macmin or my NGG investments... its that its being Diluted and no where near where it should be at this stage of the PM bull market. MY beef is with managements poor execution of mining plans and to them its always some excuse. I am dead against any copper company share dilution at this stage as there are already too many and if I wanted to buy an advanced copper comapny I'd buy DNT.
I stayed with these positions expecting production long ago and it hasn't happened. Its PM bull market and there are actually silver companies that went up big last week that executed their mining plans. If I would put my original NGG & Macmin dollars into my intial investment of Mag you r probably talking being ahead atleast a million bucks so I have a right to be a little PO'd at management.
I'm giving it until May and have all the time in the world to express opinions one way or the other.
https://finance.yahoo.com/q?s=mag.v&x=41&y=20