RE:NOBODY SELLING INTO YOUR BASHING WAITING ARMS LOUIE!Well Foxy you know I did very well with CUU on it's initial run in at 8 cents and ststed when I left $2.70 +- a cent or two. I have no complaints.
The low fruit where miners simply took a pick, shovel and a packsack. Went out and tunnelled into visable outcrops is a thing of the past. Locating large deposits of any mineral is getting more difficult as time goes on. And I might add far more expensive.
Copper won't stay low forever. Mining machinery and Technology is improving and getting more efficient, faster than most realize. locating large deposits of any mineral is getting more difficult as time goes on. And I might add far more expensive.
If a larger entity like Newmont were to be interested. And wanted to partner with Teck. I would think they by agreement Schaft Creek would be handled similar to Galore where it is an equal partnership. The JV between Teck and CF could be easily negated in turn for the new partner having more say or control. Bieng that they have an equal share. Like Galore they would assume half of the expense. I could envision Newmont being interested 2 Very large Deposits basically bordering each other. 100 years of mining , What more could be asked for ?
In a recent previous post I ststed I thought it was a forgone conclusion Schaft Cerrk would be bought. I expect by Teck. But if Teck did not want it some other giant would take it. Even if it was not for immediate development. It is definately a property to hold for the future.
Would it make sense for me to believe Schaft Creek will be bought and not hold some shares at least ? However I am not certain of the time frame. I hate holding significant capital as dead money for extended periods . It simply irritates me causing stress.
In that frame of mind it can corrupt ones decision making process causing costly mistakes else where.
SO just so I have a foot in the door I hold only 26000 shares I picked up at .07 cents .
a penny lower than the 8 cent entry last run. It won't break me. If it is going to be another year of studies I'll throw them up again at ten or 15 cents.
I also have 25 K od SKE from 34. Plus a few others. like Western Forest I've held in a DRIP since 2010 I picked up at 25 cent
For the most part unless a dividend is involved. I simply trade peaks and valleys. Some I win Others not so hot.
As Warren Buffet said in an interview. Making money in the market by riding a trend is easy. Taking profits before it rolls over and crashes again is hard to learn.
I try not bash or pump. Neither does a person any good. Simply post scenarios which
I believe may or may not be relevant. At 80 I really would have nothing to gain.
Cheers