RE:New post New Year ComingTheoldmariner, I do believe that this is one of the best posts that you have ever written. You have hit the nail on the head! You have covered most of the bases of our present, worldly discontent!
Well said!
Many commodity stocks seem to rise and fall without any particular good reason. A higher gold price should provide an attractive new and lasting draw. But traders need to make their daily profits. So they sell after a couple of days of gains and hope to regain their position, closer to the next, lower bottom in price.
Canadian bank shares have almost regained many of this year's previous losses.
US health care biotech stocks have posted many significant gains as the US market has broadened its investment interest.
The Russel 2000 US small cap index has also performed remarkably this last month of December.
And here, we sit with idle money, in Abcourt Mining, unable to make, even a pitiful dime!
There is absolutely no present buying interest in Abcourt Mining. And I suspect that presently, little is being done to actively promote this company's shares.
Is faith in better times for gold, enough of a reality, to remain invested here?
Abcourt MInes has promised a first gold pour from its newly commissioned mill in a couple of weeks from now. But the share price still sits at a very humble share price of 4 cents.
What's wrong with this picture? Is the better news, not getting out to a larger market? If not, then why not?
It's clear that the market does not yet have the believe that Abcourt can deliver the goods!
The proof will have to be in the pudding! And any good pudding will have to be properly sold to many hungry buyers! This is not being done, successfully today!
So my present belief is that only a huge success at the mine wlll bring any more buyers, actively into the fold, as shareholders!
Remain here with your best hope and expectation or leave and take your chances with a larger but fickle market.
But be certain that you will have to remain an active and insightful trader. Or sit here and hope that in a few months from now, success at the mine will bring a lot of future buying interest!
Bitcoin gradually seems to be trending higher! But in the past, the most successful, smaller junior precious metals miners have made their shareholders, the most signifcant profits.
Turn around stories can be remarkable to share! Many give their heads a shake when they realize what financial gains, they might have made!
Will the past repeat itself again? That still remains our hope. I see no reason to change this point of view.
Oversold stocks, always seem to get repurchased, very quickly!
And a small operator like Abcourt Mines, on the cusp of a huge breakout in production, will likely get a lot of buying interest, if it actually accomplishes the deed!
As always, the early bird catches the most worms! And with many large storms, still remaining on the horizon, it seems very likely that future rains will continue to drive these worms, up to the surface, to serve as food for another round of feeding frenzy.
So many investors may feel that they still have lots of time to get on board.
Perhaps they do. Perhaps they don't!
Like bitcoin, the gold price will continue to gradually rise in price.
Just something to ponder, as we investors start another, new investment year!
Abcourt will be holding a shareholder event on February 1. Anyone with any questions will be able to ask them. Let's hope that the answers are the right ones that we all want to hear!
And let's hope that Abcourt finds the best way forward to promote the goals and aspirations of a most successful company!
We Abcourt shareholders, hope that this is the year that will finally, belong to us!
This remains to be seen!
Good luck to everyone!
All the best! Java