RE:RE:Good discussion going on here...Retired Geo - You mentioned you own two of Crescat's stocks and are considering buying two more. Would you care to share what those 4 companies are? I'm in to both SGD and NFG and am also interested in a couple others that QH discusses, but have not come to any conclusions yet. If you'd rather say privately, pm me.
I have picked up a few of his companies of which I sold and got out with minimal profit or loss (ESK, LIO). I also took a gamble on Lithoquest and lost almost all of it. Still holding BCU (Bell Copper) as their second hole could be a big hit. But, as has been discussed here, this is big time gambling and to think otherwise is foolish. I only dip my toes in on these long shots with a small investment (those stocks positioned far to the left on the Lassonde curve). I did the same with NFG in the beginning, buying around 1.55. Only when initial discoveries start to prove up something do I go in more heavily, which I did with both NFG and SGD, who have been good to me so far and have more than made up for any of the little losses I've incurred following QH's high-risk recommendations.
You can only go so far with due diligence in this business, and it guarantees you nothing because there is no way you can even begin to predict how a sure thing can go sideways on you, like Covid hitting, gold price getting hammered due to world events, or even something like your assays suddenly coming in to question, as happened with NFG. These curve balls can ruin a stock price and then you have to decide if it is worth staying in for the long hall and maybe averaging down, or getting out of Dodge. These are the very tough decisions that need to be made along the way. As has been said, this game is not for the faint of heart, and (unfortunately) luck plays a big role in securing a fat return on your investment.