RE:RE:RE:RE:RE:bullboardEarly. Yes. Many of us long longs held on, and on, and on, despite Larry, having recognised the value of the project as a long term option on the POG and for much of that time were deeply under water. It helped greatly to have knowledgeable encouragement from the long longs on the board. Thanks. . I have say now I'm getting a bit nervous at these levels. It's a long term play, yes, if gold prices do not correct, but my central planning assumption is that down the road we will have an almightly liquidity squeeze, for factors I cannot define, leading to a 1930's scenario were cash is king, and asset prices crash.
SPA has come up so fast, and the stock has been diluted significantly too soon, by too much and too low a price IMO ( 60% dilution for 22¢ per share) and SPA is way away from a mining decision. The problem is here that Larry didn't promote the stock, so they had to sell the company for givaway prices as management had run out of options and was in a very weak position. Others have climbed aboard in the hype so we are where we are 66¢.. SPA now has to go out and find the ozs, and we'd want to see a big uplift in the SP to avoid more dilution. The market is already pricing in the prospect of 10m ozs.
John Maynard Keynes (1883–1946) explains very well how to predict the winner of a beauty contest successfully. You must, he noted, think along the following lines: “(…) each competitor has to pick, not those faces which he himself finds prettiest, but those which he thinks likeliest to catch the fancy of the other competitors (…). It is not a case of choosing those which, to the best of use of one’s judgment, are really the prettiest, nor even those which average opinion genuinely thinks the prettiest. We have to reach the third degree where we devote our intelligences to anticipating what average opinion expects the average opinion to be.”