RE:RE:RE:RE:RE:EPZOne should expect to end up with 1 or 2 bags such as Colossus , ATNA etc which lost 50% overnight. But say if you hold 10 goodies and 5 out of 10 turns out to be 10 baggers one who do extremely well even after holding those 2 big bags.
- You should not be so harsh with yourself for what happened with colossus. You did what sounded right at that point and the water issue took many by surprise. You did your analysis you gave a best shot. Didn’t work, smile, shake your head , ask yourself if you believe in the company if not accept failure, take out what ever is left out and move on. Never let these failures consume you.
Geography risk is going to be one of the largest risk. There is no guarantee that any country e.g. Brazil / Mexico and even Canada might come up with some thing that was totally unexpected that can wipe our investments. What do we do, either diversify or hold just bullion gold & silver.
I tend to feel the same way you think about Brent cook. Geologists are best left to find metals not investment decisions. Rick Rule is class act in my opinion. I listen to him for the knowledge not for the stock picks. I love his quotes . I have it stuck in my desk and read it when ever my emotions take over the investment decisionsand some of his quotes that may be relevant to your msg.
- “The biggest risk for investor is his right side of his left year and left side of his right ear”
- People confuse Bull market with High IQ and bear market with Low IQ
- “It's funny; people only want to be contrarians when it's popular. The fact that the narrative hasn't changed, the fact that the facts haven't changed, the fact that nothing has changed except the TSX-V being off by 60%, means that the same goods that appeared attractive to people at twice current prices must be more attractive now”
- How many of us were extremely happy to buy any junior stocks in 2010 /2011 and even in early 2012. It’s just because we hold so much of these and when it’s on further sale we hate it so much that we don’t want to hold any of these.
Finally Rick Rule seems to be a billionaire and he might take extreme risk with a tiny portion of his , which could be significant in my eyes. If i start buying those as core holding, we will feel let down when it takes a hit or exit. Look at all the sprott investments that was made from 2011 in all silver companies. They are all beaten down to ground. Going with this they shouldn’t even talk about silver leave alone touching with a pole.
Reg CTG, how do you say the stock is tumbling? The volume is so thin and just because the price is falling doesn’t mean crashing. Today if any one like Brent Cook’s comes and dumps a decent qty the stock could go down to any level . But if you want to deploy new monies why would one buy only CTG when you could by other producers / Developmental stage cashed up juniors with exceptional management looking to produce in next 1 - 2 yrs for 3yrs low?
CTG, i believe is a pure speculative play on the following expectations
a) They will increase the resources
b) Capex around 50mm
c) Silver to be at mid 25 levels by 2014
d) Finally JV or debt or forward selling deal to fund mining.
Worst case, sell for few penny and get out with a smile that i punted on a good company but didnt work out
~GSB