RE: RE: RE: RE: Scent
Steve, I don't disagree with the view of what one might have done, but you have to remember what level of risk you are exposing yourself to at the same time. There is a different kind of value in holding a position with fundamental upside.
You can run across a highway blindfolded, make it safely to the other side and declaim that the quickest and most profitable way of crossing roads is with your eyes closed. Or you can slowly and carefully look both ways and wait for a safe moment rather than getting run over by a truck.
IVN was the better bet from Fall 2008, but there are no flies on the returns from ETG.
I held through the dark days but I did sell out some IVN in the $14 range and buy more ETG as I thought, wrongly, the time was best. I was premature.
I still believe the prospects for ETG for a substantial further movement from today are greater than IVN, although obviously I'd rather be switching horses at todays IVN:ETG ratio then when I did lighten IVN and double-down on our long-suffering story.
Which is more likely looking forward, an $8 ETG (market cap in the sub-billion range) or a $66 IVN (market cap in the $23 billion range!)
I agree, RF at the helm of our OT-related assets and promoting us rather than degrading us would be a huge leap forward. On the other hand, we have some fellow shareholders who won't be ripped-off too easily, at least in my analysis.
And the greenfields drilling possibilities on the 100% ground ... oh my what a free ride.
CG