Why I am out.....
Folks, I do not post often, but this time I felt the need to do so. I've been tracking this stock a long time. I bought in a while ago, saw the stock go higher, lower, and now it has risen dramatically. Why did I sell? I sold for numerous reasons. First, I don't like the FACT that AL has a proven track record of being a tad crooked. How can we trust this man? Second, if you go back to all the news releases that he has released, it will become clear that he has a vested interest in pumping the stock price. For example, just a year ago when gold was really hot, he stopped pursuing Uranium and started pursuing gold exploration. And so he drilled here and there to pump up the stock to finally announce that his property is so full of gold that a mere 1ft beneath the surface there is apparently a ton of gold right beneath his feet! And the stock price the next day opened up substantially higher only to see it close substantially lower. From there the stock went all the down to 12 cents. The game, the pump, was over. And now, we have a pursuit in REE. Once again this stock is rising due to expectations, postponements, "advertising" on stock channels etc.. Third, AL has been doodling around this property for over 15yrs and nothing to show for it. We are no where closer to a mine now than when we were 15yrs ago. Folks, there, are no trucks moving on his property, nothing is being build, nothing. All we have are more promises. It all looks good: a former mine, potential REE, some respected board member on board etc.. But the FACT is that is all we have! In actual practical substantive reality, we have nothing but promises. Fourth, it is very clear to me, that AL is interested in one thing only: making money. And so he hipes from one exploration to the next never getting anywhere closer to anything. Where is his gold project now?
Folks, this stock play is precisely that - a stock play. If you follow the hipe and sell, you can make money, but if anyone out there has any dreams of this ever becoming anything substantial, you will lose your money. Having followed this stock a while now, it does appear that the property does have good mineralization. It is just too bad that we have a man Al who has no use for this property other than using it to pump his stocks. I hope that one day his hipe will finally cease and the property sold to some serious management. It appears that this property has wonderful potential. For those of you who hope this stock will go ballistic, then you are also hoping that AL has changed.
Has he???
I'm out. I can not support him until I see some real substantive results. As for all you investors out there, be careful to whom you give your money to. If you think Al has changed, then invest, for the rest I say get out now while you can. If AL is the past AL, we'll see this stock again at 30 or 20 cents.
Don't let the hope of profits and greed blind you here.........
All the best...
FH
when Uranium was hot, he pursued Uranium; then when gold became hot, suddenly he pursued gold exploration; and now REE is hot, and of course, he is pursuing REE.