RE:General thoughtstempletooth2 wrote:
Years ago, in a less-complex time, Warren Buffett set out some of his investment criteria. One such was that you should only invest in a business that any idiot could run, because sooner or latter, it would be.
I'm not sure why, but the gold mining industry seems to have more than its fair share of poor decision-makers. It seems that a substantial subset of the executives who run this industry are determined to make bitcoin a credible investment asset.
Calls by some posters urging holders to sell and move on are wasting their breath, however much one might agree with that advice. In truth, true believers in a stock who have convinced themselves of the merits, will not listen to nor accept such advice. If anything, advice well-intentioned or not is more likely to cement an opposite, obstinate attitude. A huge proportion of the human race, probably a majority, is genetically indisposed to receiving let alone acting on advice. You could waste serious amounts of effort trying to persuade people that Belo Sun Mining is the worst scam in the world, to no effect.
I happen to agree that Skeena is the best development play in the industry. However, the Albino Lake bonanza might not just fall into our laps as surely as the sun will rise tomorrow. I have read the Gold Commissioner's decision. If you want a realistic reading of what the court will decide, you should flip a coin. Whatever the outcome, Skeena looks to have a more interesting future than MOZ over the next 15 months, if only because the competition is so poor. What can you realistically expect from Marathon? Two tax-loss seasons and not much else.
Forget the idea of a takeover. There might have been a very brief window where that was possible, not now. This comes down to arithmetic: a possible acquirer would logically prefer to deal with 270 million outstanding shares rather than 505 million.
Your overall comments have merit. Skeena does have more compelling reasons to invest in then MOZ. particularly now with the 57% cap ex increase and subsequent 92% dilution. The futility of giving advice is also correct. However in my investment experience I have found it wise not to rush in and follow the hordes. Right now MOZ is unloved with investors flocking to the exit. Market cap around $270M. Fully permitted, fully funded with all bad news priced in. Don't see too much more downside. Fully aware of the 492 M shares yet given position now on the much vaunted Lassonde curve will continue to hold MOZ. Already have a sizable stake in Skeena so will continue to diversify gold holdings. As for buyout certainly less probable now but one never knows what is happening behind the scenes.