RE:McEwenIt’s important to recognize that a shift in sentiment from a significant shareholder can have an impact on general retail investors. Even though those retail investors don’t understand the reason for the shift.
Big investors like Rob, and Eric et al, can be capricious, and simply decide there is a pasture that appears greener. They get very good entry deals into private placements that are not offered to retail, and sometimes for them it’s just churn. Doesn’t mean they lost faith, never had any. These are opportunists and, if you can buy in with them, and more to the point, get out with them, you will gain. So if one of them is whispering in your ear pay no attention to drill results, PEA’s, or any press.
However, if you have rely on your own senses to survive in this market, you need to do due diligence. Read the reports, try to asses the geology and, more importantly, asses the integrity of the management team. If you like the results, if you’re impressed with the geology, if you think that the people in charge have integrity, you should ignore the whales. They are not always right.
Full disclosure. I own no shares of GBR, which makes me sad. Still seeking an entry point that I can be calm about.
Frans