RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Into EDVlabsys6 wrote: Good on you Pipe , very happy for you but I think we can use this as an example of what not to do . Too many others have had the A$$ handed to them using this strategy and ending up broke and deep in debt . Stick to the old adage "only use money that you can afford to lose" . That said , congrats Pipe for being one of the fortunate ones
Piperdown wrote: ts9222 wrote: How many on this board went into debt to buy tgz? I know Piper was begging for a loan to buy more tgz lol
It depends on what the debt is used for. There is good debt and bad debt. If the interest rate is low and the debt is used for an investment that has a higher rate of return then, it could be considered a good investment. Miners use debt to build a mine that has a higher return based on a feasibility study. If it goes according to the feasibility study, they make back the loan plus extra profit. edv spent much of that debt to build the very low cost Agbaou mine. From their last earnings report, it sure looked like a good investment. Additional cash was used to reduce the cost of their existing mine which should be a good thing.
Debt is only one method of financing. There is share issuance private placement and stream financing. Each one has their pluses and minuses. tgz chose stream. If they didn't, then tgz would still be in debt. tgz is not hugely diffferent, they just chose a different method of financing.
Now for bad debt, one can look at Greece and USA. The debt they took on wasn't for a good investment. All that debt used isn't producing the cash flow to ever be able to pay down that debt.
thefabergegg wrote:
but all of a sudden we're forgetting about the balance sheet of both companies? it's ironic that gold investors tend to scream on top of their lungs about debt levels of the world, money printing, fed, central banks etc meanwhile most gold companies are highly indebted and the one that is not is all of sudden not a good nvestment vs say EDV because..... aaahhhh I give up, lol
well whatever your reasons are, plunk down your $$$
#leverageking. Yah I am leveraged way out on TGZ. It is called having balls of steel. I have been basically 100% invested in one stock for six months since TGZ was at $.40. I moved in and out of it a few times, but basically been all in it. I raised capital by borrowing from credit cards, lines of credits, and racked them all up. It has paid huge in six months. I am up over 140% (remember I went out of TGZ for two days and made 50% in TLM). Yah it is considered a good investment, I made 140% in six months and I am paying on average 7% across the board for all monies borrowed. See the difference. I see the difference every time I open my platform and looking at my green number growing. AHAHhHAHHAHAHHAHAHA!!!!!!! I paid off all my debt's in six months by using the credit that I have built up and by putting it to work. GO TGZ GO!!!!
@labsys6. I will give you a little back story. I did get my a$$ handed to me over six years ago messing around with explorers mostly and trying to hit homeruns. I had to move away from the markets and lick my wounds. I continued to watch the markets, research and study every night when I had time. I moved back into the markets when I felt it was time and TGZ in the $.40 range was the stock that did it for me. It wasn't a fluke. I stayed away 100% for over 5 years and do you know how hard that was. When I got my a$$ handed to me, I made it my life goal to make that money back by the means that I lost it. I have done that now, and you can't even imagine how good that feels. GO TGZ GO!!!!!!!