RE: October service cage It's really discouraging to pick the right time to get in on the right industry only to bet on the wrong horse.
Lots of easy money could have been made on Goldcorp, or Barrick or even Osisko getting over their operational issues. But investors who swung for the fences with KGI, hoping that the story begins to play out as we were told it would are now licking our wounds.
I'm probably not hurting as much as others with an average cost of 12.30, but wow has this stock ever been disappointing. I've read this q's MD&A multiple times, and i don't have high hopes at all for hitting targets or meeting dates going forward. The language just reeks of the sense that it's ok to miss targets and dates, which is not what I and most investors care to put up with, no matter how rosy the targets look.
I can put up with a little more pain to the downside and am hoping to get out on the next rally and place my chips somewhere where i have more faith in targets being met.
GLA