RE:RE:Sherperded...Wineaux wrote:
The issue, as I understand it, is that TMR is too small and too focused to attract any institutional interest. Furthermore, a lot of the money that use to invest in gold stocks is now investing in pot stocks. They have recently hired a director of investor relations to help raise awareness of the stock.
Not trying to be overly argumentative here, but a further few thoughts in reaction to 3 points in W's post.
Too small to attract institutional interest? Resource Capital and BlackRock are about as institutional as you can get, and together they own about 44% of the company. It could be that the BlackRock money is ETF related, but anybody anytime could phone up ResCap and ask if they'd like to sell 10 million shares.
Whether the word "investing" should appear in the same sentence as "pot stocks" is perhaps a diversion too far. I'm well aware that tired old industries like oil and gold mining have plenty of kvetchers who yearn for the day when trained sheep would buy whatever was on offer. That these old whores should whine when a newer, prettier face shows up is a little rich. Fact is, there are companies which are VERY richly rewarded for running efficient wealth-generating operations. Look at the price/cash flow numbers for Kirkland Lake, Agnico Eagle, or B2Gold.
Hiring a director of investor relations? To acquaint investors with the opportunity? What a waste of money and oxygen. Whether you are a gold miner or oil producer, or any other ilk of commodity producer, all you have to do to be lavishly rewarded is show a reasonable return on invested capital.
This is not rocket science. Believe me, your stock price is not being manipulated down to depths of despair by evil shortsellers, the Pope, the International Zionist Conspiracy or Bogeyman de Jour. Show me a poor stock price and I'll show you a poor ROI, real or reasonably expected.