GREY:NEVDQ - Post by User
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Contrarian58on Jul 10, 2024 4:14pm
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Post# 36127085
RE:RE:RE:RE:just finished doing the math
RE:RE:RE:RE:just finished doing the mathOf all the forums in which I participate on Stockhouse, this one is the most like a junior high lunch room. In between the obvious Russian trolls, and individuals feigning (I hope) learning disabilities, dyslexia, and/or mental issues, it's been nearly impossible to have anything resembling an intelligent discussion about a promissing investment turned troubled mine. I've lost thousands of dollars on this company and so what? I've made enough on other mining investments this year to still beat the S&P 500 by 50%. That's the nature of investing in mining projects. You often lose, but when you win, the returns can more than make up for the losses. If you don't have more winners than losers year after year, you should look for investments you understand better. At least it's a lot less boring than an index ETF.
It's possible that NCU stockholders might get a few pennies on the dollar during the final disposition of assets, but I'm not holding my breath. I've owned more than a few promising mine developers and technology startups that have gone under, and I've never salvaged a dime. I can't imagine that NCU will be any different. It had promise, but had some bad luck, bad decisions, and bad parenting. The hunt for the next big winning mine project starts anew. Adios muchachos...