GREY:ADEXF - Post by User
Comment by
HVAN1on Dec 06, 2012 3:35pm
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Post# 20694492
RE: RE: Million Dollar Loss
RE: RE: Million Dollar Loss I've asked myself why someone would take a $1 million loss in a single TSX Venture exchange junior, and the obvious answers are either lunacy or stupidity. Leaning towards lunacy, since you seem very proud of losing that much money.
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Are there any limits to your lunacy? If XinXing doesn't sign the joint venture agreement with AXI sometime in 2013 will your confidence be shaken? How about 2014? 2015?
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Or is the 26% FE at Roche Bay C-zone so attractive to you that you're willing to wait until the next resources supercycle if necessary?
Or John Gingerich's brilliant record of success with other juniors like East Asian Minerals and BacTech Green?
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What exactly makes you so certain AXI isn't heading towards the same place (share rollbacks into penny stock oblivion) that the majority of TSX-V juniors eventually end up?