TSXV:ART.H - Post by User
Post by
GreatSwamion Apr 12, 2011 4:26pm
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Post# 18421197
Old Gold?
Old Gold?Oilexco? Bought my first shares at 15 cents with 30 cent warrants attached. Sold at the 2.3--2.40 range to pay for a couple of weddings and a Hot Tub.
Bought in again again from 2.50 all the way up to around 8.00 with a few extra purchases in the 13-15 dollar range. Sold enough to buy a house for a family member, some building land near the waterfront in Mexico and a very nice Fifth Wheel for taking holidays closer to home. Sure I held on to too many shares for too long - I for one never really saw how bad the whole 2008/2009 collapse would be. So it goes. I did some trading as they collapsed - made some money on some trades - lost on others. In the end simply got a huge Capital Loss (which of course got applied against all the prior years Capital Gains). Live and learn.
Highbank? (HBK) Bought in at an average price of 19 cents (some at 13-14 some at 21-24 cents). Sold a few on the way up through the 45-70 cent level - kept all the rest because I believed they had a good shot at repeating the Polaris minerals story. (PLS went from 4-14 dollars basically shipping gravel and sand from north of Vancouver Island to California and Hawaii - check them out). Again I really underestimated the nature of a "Few Sub Prime Mortgages" in the US - and the damage they could do (and actually did!).
I actually still have a significant number of these shares - I did sell some on some temporary blips - but the gravel isn't going anywhere and at some point there could still be some value here. Do not take this as any buy recommendation - but whether to hold at 6 cents or bail is meaningless in consideration of the small sums involved here.
Caspian Energy? Some friends had been pressing me hard to take a look - they had some interesting wells - but I was never tempted or convinced in their story to actually buy any. But I did take a close look for a while - just in case I missed anything.
Thanks for bringing up all those memories - I'm sure that just about everyone here has done things that they wished they hadn't in the past. Heck if no mistakes had been made none of us would be here in the first place - we'd all be on our private yachts or tropical hplayground hideaways sipping Martini's and writing "How to Books" for fun and further profits lol!
But really is any single post taken out of context worth anything? It really is the whole body of work that is important - not the carefully chosen snapsots. I freely confess though - if you search carefully enough - you can find posts that I have made in the past that are real stinkers... So it goes!
I think Oscar Wilde stated it most appropriately many years ago: "It is better to be talked about...
...rather than not being talked about at all."
I wonder sometimes just what it is that leads otherwise perfectly rational people to devote so much time and energy trying to follow and publicise the exploits of a single rather unimportant individual poster such as myself - and not really do or provide anything of substance with regards to the company whose future Share Price direction all of us are so desperately and keenly trying to divine for personal enrichment?
Get a life squidling - you too join my ignore list.
Sorry everyone else for returning to what is now really ancient history and something completely irrelevant to what is going on here. But remember that quite a few of those ex Oilexco properties are some of the most interesting plays still in the North sea Oil patch. The Catcher discovery (an Oilexco permit) for example and the Huntington field now finally getting to go on production - more or less on the original timeline expected. (Sure Shelley was a real stimker - somebody in the engineering estimation and property evaluation business lied through their teeth on that one - no doubt about it). The whole North Sea took one hell of a beating under the changing economics post 2008 - but its interesting to see just how the survivors are doing - and while some bad decisions in the investment World can leave deep wounds - they should never be fatal and there are always new opportunities if you keep looking and keep plodding ahead.
Besides if you have a problem with what I have posted here about Vast and Qara Dagh - why not focus on the comments and facts? Why go back and dredge up little snippets of the past? And for the record - I invested lots of time and moneyfollowing and participating in the Oilexco story - I have made and keep many friends in real life because of my involvement there, and i knew just about everyone involved in any way with the whole story - I never saw you around? Why is that?
GS