TSXV:SLX.P - Post by User
Post by
M777on Nov 03, 2011 8:03pm
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Post# 19207755
New to the board and the stock
New to the board and the stockOf course, buy orders placed at higher prices will move the stock higher.
I think the mining industry results are just being noticed in a bigger way . CNN had an article about "a new gold rush"just his morning. These kinds of large scale media releases will influence the masses toward mining stocks eventually. Combined with mining industry results steadily improving ,the broader market will be moving toward mining stocks .Google, MIcrosoft, and techno money are all matured
. I don't know what price ur all in at, but i bought in at these levels so I expect the price to increase. I do also recall I bought RGLD at around $4 and obviously could'nt wait for the historic run to $80!. Now, im stuck yabbering away here.
I like to imagine myself posting messages to newbies like myself, when this stock is at $30 and paying a dividend. I wanna hear the newbies say "wow u bought this at 50cents".
Regarding the concerns about management, I think they just dont have the interest to satisfy every penny stock (micro cap) investor concern. We bring very little to the table and expext a lot.
The insider selling at first seems irrational, but they move large amounts of money around for any various reason,like to contract drilling machines,stake new claims, buy interest in other mines,,yada yada yada..How would it make u fee lif perhaps the reason the insiders sold because they needed cash was to buy another producing mine ?
Im holding and buying more, I expect it to go up ,I think Im a little early in the cycle. I was very early in RGLD. My timing co-efficient has improved somewhat, to become much nearer term. Im expecting this thing to pop in the next 6 months to a year,hopefully sooner