The Leper's Bell
In Medieval Europe, lepers were required to carry a bell to identify their presence so that people could safely avoid contact with them.
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In the 2008-2009-debacle our Toronto stocks lost US$ one million dollars.
Easy come, easy go [LOL].
But it also seemed a lucky time, as ‘opportunities’ in the new Geothermal Stocks were just being touted, we should recover our million-dollar loss in no time.
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Ding, ding. Ding, ding.
Long story short.
$140,000 for 100,000 shares of Ram Power [T.RPG] IPO.
Current worth one half cent a share and scheduled to be de-listed.
$40,000 for Nevada Geothermal Power [V.NGP] IPO.
Currently de-listed [ was less than half a cent].
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So I am condemned to wear this bell to warn people away from listening to me.
I hold out some hope that AXY may take over Ram’s half billion dollar geothermal power plant in Nicaragua for pennies on the dollar.
Ding, ding. Ding, ding. Ding, ding. For God’s sake, how does one turn the confounded thing off?
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Typically we look for a tax loss pre Christmas bargain.
Not finding any interesting skunk bid bargains this season, we settled on taking a position in AXY instead, proving me a victim of Geothermal Stockholm Syndrome [GSS].
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Managements usually are prone to overrate values.
Does management sometimes deliberately underrate values?
Are there endless capped Spindle Top wells under the Gulf of Mexico where officially nothing was found?
Management’s pronouncements, and oil drilling workers’ scuttlebutt, are at odds here.
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“He who has ears, let him hear.” ~ Matthew 11:15
In ancient Babylon there was a company called Dabasir Camel Corp. [DCC].
Dabasir was the president of DCC.
Now Tarkad, a refugee from Syria, was a great admirer of Dabasir, he analyzed DCC very carefully.
Dabasir invited Tarkad to have dinner with him.
At dinner, Tarkad confided to Dabasir that DCC had a lot of value that was unrecognized.
Dabasir laughed at Tarkad and assured Tarkad that his notions were foolish.
As the days passed, however, Dabasir began to contemplate what Tarkad had revealed to him.
In the days that passed, Dabasir began to buy up shares of DCC left and right.
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What was the nature of Tarkad’s Secret?
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IMHO, Sherlock Materials Girl Homes is on the hunt.
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RJ