Hello Partners,Hi Mariner. Warrants are a strange animal. Every time you get comfortable owning them they trend down to cause you to question their acquisition in the first place. They can be wildly profitable or terribly frustrating to own due to the huge swings in value and their inherent illiquidity. There exist valuation models to determine their theoretical value but you may as well throw out the manual because they rarely trade accordingly. Once we get another run up in the price of the shares we will see the warrants react. For now though the warrants are just gathering dust.
Hi Trevor, leave me out of your little spat - ok? BTW for many years I earned my living judging people. I spoke several times to Mr. Morin and find him to be credible and sincerely enthusiastic. These virtues, among others, are important to me when determining the ultimate success of a project/company. You may feel disappointed that the big cheeses dealt themselves loads of options (and yes it is a tough pill to swallow), however that is the nature of the beast. Also Trevor you question whether I even have a position in MTO? Yes I do and feel fortunate and proud to do so.
EVERY board on EVERY public co. does the same. This is their reward for being on top. The point is that if you follow along with them you will make money but selling your position and complaining about the free options will certainly not move you forward. As Gretzky once said "you miss 100% of the shots you don't take."
I've been through the dilution ringer so many times that it is meaningless to me. Just consider the overall market cap of the company and the dilution will be a wash. I remember Mr. Wynne (SGR) promising me time and again that "this is the last time we go to market - we will use the proceeds from our gold sales." that was since the 60 Million share float. Look at them today. 300 Million + shares and counting.
You see there is nothing you can do about dilution other than to stay the course. Furthermore the dilution of dollar bills is far worse than anything else. Our currencies are slowly but surely becoming worthless. THAT is the ultimate dilution we must defend against. By investing in gold companies you are doing your part to minimize the impact on your savings. Therefore the share dilution, after all is said and done, is not really that significant.
So Friday's news is that slimebag Paulson and Goldman are gonna git their hands tapped for "illegal" activities. Yeah, yeah what else is new. Big phony inquiry and then some token penalty and the crime gets swept under the rug. Meanwhile the gold stocks get hit and bargains prevail everywhere. What an orchestrated push down on the precious metals markets. Phoney baloney.
Bargains = MTO, GBG, GAM, TMM, GNMT, FAU ___________ insert your choice co. on the line (and just about all the Majors and Mid Tiers. Now and through summer is time to maintain and add to your positions of favorite stocks.
Please share with the board the stocks you are currently interested in.
KEEP YOUR POSITIONS.
GLTA L-T shareholders,
Q
PS. I used to subscribe to several newsletters and enjoyed studying them. However the price has gotten a little steep and I would like to share the cost of anyone's subscription they wish to share with me. Inbox me if you wish.