RE:RE:Over & outDale327845 wrote:
Right now the savvy investors, like me, are still waiting to get into Endeavor in a big way. But still too many folk like you that are giving up and willing to sell cheap. Once it looks like all those like you are out of the game and the cheap shares supply is drying up, we will jump in hard.
Another frigggin blowhard. What's your price Dale - someone savvy has a price? So you jump after the supply has dried up. smart move...not. My price was today. If it drops another couple of bucks - I will add more...and another couple of bucks I will add more. you make it sound like you can time the bottom. of course you cannot.
I've been in and out of EDV since it's transformation to a gold miner from a banker. I was stuck with dead money for a long time from my EET shares that EDV bought out. I averaged down huge at ~60-85 cents (EDV) before the 10-1 reverse split. sold from 18-38 on the way up. bought back in at 30 - sold this spring in the mid 30's. bought back at 29-30 (too early) but now averaging down.
You can't hold gold miners long term. at least not imo. book a profit....buy on weakness, sell on strength. sometimes that takes longer than one wants. and sometimes gold hits a bear market that goes on for years. and it's painful.
EDV is now at 4+% dividend (unfortunately not eligible dividends for canadian investors - this hurts them). Plus they continually are buying back shares. AISC of 850-950 is pretty decent. still making a great profit at 1600 gold. It's always at a discount because of the African risk.
you want pain, take a look at some jr explorers. I sold Moz from 1.90 to 3.71 at dime intervals. i broke my discipline and did not sell remaining shares at 2.50 on the way back down as I had planned.
one of the top properties in canada - 5M oz. construction begins. i had anticipated a takeover but instead they diluted themselves to death at, it would seem, the worst time.
this is one ugly chart....
https://schrts.co/IMHTvxbq
tC