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Seafield Resources Ltd V.SFF



TSXV:SFF - Post by User

Comment by dmaclachlan86on May 27, 2011 9:15pm
609 Views
Post# 18637885

RE: DMacLachan.....

RE: DMacLachan.....Hey speak for yourself my friend.  I moved on from SFF and already made a load of it back on SCG and MIT.  SFF may recover but I'll make my money back quicker elsewhere.  We'll see whose right in the long-run.  Sure SFF may come back to trade in the 50's or 60's this year but that's a double from here.  I am looking to make much more than a double on my new positions.  As far as your comments go about living in my parents basement, I live in a million dollar apartment in Yaletown, Vancouver.  My address is 1133 Homer St. come over some time and I'll take a dump off my balcony onto your head.  I'll admit I made a bad call on SFF, and frankly I didn't know how bad management really was. I sold off early as well but I'm just happy to move on and the loss won't kill me.  It'll actually make me a much better investor going forward.  Drill results aren't moving stocks these days.  Look at CXT who just sampled up to 266 g/t on their property and saw little volume with little movement.  Like I said I took a big loss on SFF and you shouldn't be mad.  I gave my shares to someone who ended up making a nice 40% gain the next day.  It could have been you if you just listened to your own advice of averaging down.  My strategy going forward is to avoid speculation hence my reason to be investing in cash generating companies with huge growth potential.  That's where the market sees value and that's where smart investors are putting their money.  It alleviates much of the risk.  I'm done with speculation.  Waiting on drill results is a waste of time.  Results from Dos Quebradas will be no better then the initial results off the property which will most likely bring little attention to the company.  Take a look at Medoro (MRS) who are already sitting on over 6 million ounces and continues to fall.  The other thing is all that gold is worthless if you can't get a building permit as we saw with Greystar do to wanting to preserve the environment and ecosystem.  Based on the location of the Quinchia district, I'm not sure if this project will ever be feasible to bring into production.  Most of their holes have also been rather low grade.  Large intervals but very low-grade.  If you take a look at SCG's news release today, you can see why I transferred my money over.  I could have made an extra 30-40% by holding SFF from where I sold, but I'm planning on making much more then that with SCG.  They have Q1 earnings coming out any day and I wouldn't be surprised if they had a few more golden news releases prior or shortly after.  This is the start for SCG and today was a great day once again.  I will never invest in drill results again.  Producers or revenue/profit driven companies.  Good luck with SFF my friend but I've talked to some extremely reliable sources and know that you aren't going far with this one.  Maybe if you hold for a few years.  By then I'll have made all my money back and more. Everyone makes mistakes, we're all human.  My mistake was not to sell at the bottom but to ever believing in this company.  Enjoy the wait while I move on.  I lost big on SFF but I've made big on previous picks.  Not a big deal.  Now if I were in your shoes and I was relying on SFF to pay my bills and afford my basement suite rent payments, I have to admit I would be pretty worried.  I don't wish anyone bad luck only the best.  I lost money and I appreciate you rubbing it in.  The satisfaction I felt when I sold my shares in SFF was like no other feeling.  All the missed opportunities.  I moved on, I learned, and I always stay positive.  Many of the most successful investors and business men fail before making it big.  Failure is a beautiful thing and it what doesn't kill you only makes you stronger.
Dave
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