RE:RE:An Old mariner or Helper?Hi OldMariner.Yes i will share my reason for investing in Abcourt.
I started in 2010 and yes the feeling that i had was like yours.
Abcourt- Barvue was the reason.
Silver and Zinc looked promissing and Abcourt had a mine that had already produced in the past(and was closed when the silver and zinc were at a very low price and the price of silver in 2010 was around $31 and i thought it could go much higher).
The fund needed to restart Barvue was big and not available.
The best solution at the time was to prepare for Elder reopening(it didn't need much funding and finally Mr Hinse was succesfull in restarting Elder.)
By starting Elder slowly and not spending fund that was not available to prove more resources
Mr Hinse finally had a profitable mine.
Yes Mr Hinse had a 2%NSR on Elder that i was not aware of but if it had not been Mr Hinse the owner it would have been someone else(same result).
When Elder produced two negative quarter Mr Hamelin was very fast to close the mine.
I think that there was not much effort done to try to correct the problem.
Result now no producing mine and the only hope of having one is to do what Mr Hinse did when he started Elder.
Mr Hamelin has to take the same path with Sleeping Giant that Mr Hinse has done with Elder. .
Start small and then prove more resources.
Yes Oldmariner i have failed to increase my fortune and in the last 12 years have been reduced by more than 50%.
I have tried to diversify but the results were the same elsewhere.
I have a bet on a race horse and i still think that it is a horse that has more potential and bigger possible return than most other horses today.
Yes i will probably keep loosing but now i got used to it and only need one win.
Sorry Oldmariner for expressing myself in simple words but that is all i know.
Fernand