GREY:SLKEF - Post by User
Post by
millrighton Feb 19, 2008 9:55pm
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Post# 14396247
The Cheerleaders
The CheerleadersLooks like the cheerleaders have marked themselves absent again, after a typical day of making fools of themselves. After you witness the sum of intelligence of this group, its easy to see why penny stock mining promoters have a field day.
check is off with his poor disguise bashing LBE on the FNI forum - the change in venue hasn't improved his intelligence, but he is making a valiant, but unsuccessful, attempt to converse in his second language
cadomin is off pretending he doesn't know he was exposed as an outright liar - once he gets over that one, maybe he can come back and we'll all have a little laugh about his undersatnding of warrants.
wailer is too busy putting up last year's news releases on the A G O R A board where he's president and converses mainly with himself - he hasn't got back here to stick handle around his lack of knowledge about institutional holders in the company he's the authority on. Too funny!
And then there's TXProInvestor, the wannabee geologist and mining company evaluator. He's knows so little about what he's talking about that he doesn't realize how little he knows. I like to review past performance when evaluating a self-appointed expert. TXProInvestor has good reason for just brief appearances before hiding back under his rock again - reminders of his past would cause some embarassment. He uses the Darcell type approach to resource valuation, which explains his record of success - laughable. But old TXPro also decided to come up with EV as he calls it, based on the method employed by a large brokerage, he says.
This is the information he so kindly made available to the unwashed, along with a telling comparison to reality eleven months later:
Canadian Royalties
Mar 31 EV = $3.03 per share
Feb 19 MV = $2.15 per share
Canadian Arrow
Mar 31 EV = $0.56 per share
Feb 19 MV = $0.28 per share
Brilliant Mining
Mar 31 EV = $1.79 per share
Feb 19 MV = $1.34 per share
First Nickel
Mar 31 EV = $1.19 per share
Feb 19 MV = $0.50 per share
Inspiration Mining
Mar 31 EV = $17.09 to $34.81 per share
Feb 19 MV = $ 1.90 per share
The first four valuations were performed by someone knowledgeable in the business, the variations between Mar 31/07 and now can be rationalized, at least to some extent - the worst estimate of the knowledgeable persons was the FNI one that has a current market value down 58%.
And then there's our resident wannabee mining stock evaluator, who conjured up the ISM numbers all by himself. Good old TXProInvestor is down from 89% to 95% - approaching the ultimate dumb call possible. This is a bit of an object lesson on the performance of someone that knows dick about what he pretends to be doing. TxPoorInvestor doesn't even have enough of a gut feel to know when his arse is out a mile, as he makes his pompous effort to enlighten the dumb forum readers on his "knowledge" of nickel mining. The funny thing about his post is two readers thanked him for sharing this B.S. with him.
I don't know if TXPoorInvestor knows what EV stands for, but I think in the future he should differentiate his valuation efforts from rational efforts by cautioning readers that his estimates are based on ECF - Excessive Cranial Flatulence.