RE:RE:Bubba happy; Bubba no whinerIf Teuton was your largest holding, maybe that's because it was the most successful company you owned?
If your risk is too concentrated in a single stock, I get that. I have that problem as well. So there is a need to either balance or accept risk. That's part of the deal. If you have to balance risk to be comfortable because you have a massive winner in your portfolio, I can think of worse problems.
Tudor has been around for aboutt 5 years maybe? At the outset, insiders were given massive blocks of options or purchased private placement shares at a fraction of market price. Check out the $.10 PP and options for Tudor on June 14, 2016 at this link:
https://tudor-gold.com/tudor-gold-corp-announces-it-has-closed-its-property-aquisitions-and-financings-announced-may-11-2016/ Tudor opened at $1.00/share on that day, with a high of $1.26. Was 11,000,000 management shares at $.10 fair to the folks who bought the stock that day at $1.26? I didn't have a huge problem. They took big risk, they got big reward right from the first day. My first TUD purchase was at $.95 a few months later.
American Creek has been around since 2004. Management has been paid very nicely there through arrangements with the consulting firms they worked for. No one starved at AMK. That's one reason their share count is so much higher even after the TUO consolidation. AMK closed at $.39 yesterday. TUO closed at $.78 on a pre-consolidation basis. Both are still great investments.
TUO has been around since 1981. In six months it will be 40 years old. No big management salaries. No majority ownership by insdiers through massive options grants. Folks at TUO did in fact starve through many lean times.
Big Ed staked Treaty Creek. Dino acquired it in 1984. I haven't seen Dino sell much over the years.
We invested some money we had available to put into a speculative stock. Dino invested his entire career. For less than 10%.
The other directors are selling, and I agree that the timing and optics are not great. That's a fair point. Management is very very much aware of how shareholders feel about it. But I also think they deserve the win. We got our win by investing our $$. They got theirs by investing time and talent over a period of time with minimal rewards until now.
The insider selling has a shelf life and will be over at some point in the near future. Any new options will be around or above market price and insiders will have to start from scratch to earn future wins.
I've owned stocks that became worthless because the management team gutted the company. That has not happened with TUO.
I have no problem with folks bringing up issues that bother them, and insider selling bothers people. But when I compare management behavior overall between the Three Amigos and many other companies I've owned, I can see why Mr. Sprott shouted out TUO again yesterday as the best value. So, with insider selling as my only issue right now, (and management can fix that going forward) I have to fully support the TUO team as well. If we can all agree with Mr. Sprott, maybe we can pull in the same direction.
If we can't agree we always have the option of moving along to other stocks whose management teams are not exercising their options
because they're out of the money and worthless :> (I know, I know! Couldn't resist.)
Do your own DD. GLTA. Doug