RE: RE: RE: SLX must be a buyMudCreeker, I have a bit of problem with that...
I'll put aside the subjective issues, i.e. that we are happy when it's down and we buy, but become unhappy until it's rationally priced. That may be true, but the discussions going on here are a bit deeper than that.
As you say, different people have different time frames. Surely you don't begrudge SilverInMyPants the right to voice some concern when he shows many instances among our peers where the Silvermex share price lags behind. Is it not reasonable to ask that someone talk about our Company in a positive light? That shouldn't interfere with all the work that's going on inside the company. Even Silvermex itself saw fit to hire an Investment Rep.
At the same time, I acknowledge your right to look at it from a longer term point of view. If I take your argument to its logical extreme, though, am I to believe that if Great Panther were still selling today for around 80 cents per share you would be content to wait until the market "became rational again" before voicing some concern?
Manufacturing companies, for example, don't wait until they perfect their product, or break even, before advertising. It is a dynamic process, where engineering and production proceed carefully and effectively even while the Sales Division markets the product! One doesn't wait for the other to complete its job before it start its own.
Time is of the essence! Without outside pressure, what is there to stimulate paid managers to move at optimum speed? Many of our government departments and committees are a prime example of how long things can take to complete when they move carefully ahead studying everything to the last detail.
I don't think we have a delinquent management per se. Far from it. And I don't think we have a deceptive one either. To me, what is being argued in this forum is whether we accept the "Hecla" dot the "i" and cross the "t" approach for everything. The diligent way in which they approach engineering and production issues is not in question. I think most of want those "i"'s and "t"s crossed!
The dissention arises because many see that approach spilling over into the advertising of our company and its worth. There is a feeling that the avowed intent not to emulate the old Genco management's alleged pump and dump techniques may be a little overdone. Hence which led tot he hilarious (at least to me) suggestion that one should invest in monastery shares! We don't have to have perfect knowledge of the future before we can make some judgements.
If I ask you what your son is going to do when he finishes college, I wouldn't expect you to say,
"Well, he's alive right now. He passed his second year exams last week but it's too early to say yet whether he'll actually graduate! It would be premature for me to say what he's going to do when he finishes college! Let's just take it one day at a time!"
Nothing untruthful in that, but nothing very positive either!
I think you would make some assumptions (i.e. that the sun will continue to come up every day, and that he will continue to do well in school.) You would look me square in the eye and say, "He's going to be a rocket scientist!"
"And I would hear, ..." and I'd believe! Because there's no lie in that either.
sunwood