RE: For the naive(longs) and yoyoIt is amazing how when the market is weak every form of basher comes to the boards. Either you believe in the bull market in PM's or not, and for right now that bull has turned into a bear.
"Marc also knew a lot about electric cars and the movie biz...". I didn't know that prior business ventures are relevant to what is going on now, especially as no one even knows what happened there. Excluding the E episode, which has since been rectified, I'd say that SDRG has been a raging success as a three-year old company.
And I said we'd never see these levels b/c I couldn't comprehend the sector being mauled like this despite a plunging dollar, rising commodities, and stable gold prices, all of which I anticipated earlier this year. Without the general PM smashing, we wouldn't even be close to these levels, and the market would've responded strongly to all the progress made since the E came off.
And talk about naive, if you think that list is the "worst performers". Sure, there are some names that have acted better, but for the most part the average junior has fallen 50% or so in the recent months. This list includes some of the top companies, such as the magical ARU, ECU, and GRS, not POS companies.
And how is it that if one stays invested throughout thick and thin that they are "falling in love" with a stock. I have long-term investments in several names, such as SDRG, b/c I believe in the fundamentals. If anything, the company is a lot stronger now operationally than when the stock was $2.85.
And finally, who cares if Marc has his own holding company, Travellers? Didn't know that was either illegal or ominous. And his 17 million shares aren't for sale, although just like ANY executive of ANY public company, he could sell them if he wanted to.
Given that the company is managed properly, which given the new hires and process changes looks to be the case, it is all about the assets and the market. The assets haven't changed, but the market for PM's certainly has.
And, by the way, I challenge you to find five PM stocks that are actually up this year - good luck. And keep in mind that last year SDRG was one of the top performers in the sector.
yoyo