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Horizons Australian Dollar Currency ETF T.ASD



TSX:ASD - Post by User

Comment by stocktalk2on Jul 13, 2004 8:17pm
29 Views
Post# 7705324

RE: Positive? Bilk

RE: Positive? BilkDoubled from where? If you are talking about the .30 range where most of the volume was on the spike last year, what did you get as a shareholder. No liquidity for 8 months, and if you did want to sell, you could get a whole .12 -.15 cents. Take off your rose colored glasses for a minute and remember this company is up against a ton of other juniors, all persuing the same investors. Tell me, what is your definition of patience? 1yr, 2yrs, 3yrs???? You and Curtis must hang out at the same bars and tell each other how well your doing on ASD. Annualized, the increase in the stock price represents less than $.03 a month, this inspite of what is supposed to be a real steal down in Peru among world class mining groups, and as we keep hearing amazing results from the drilling up North. This may end up being a great company some day but that doesn't mean it will be great for the shareholders. If you don't promote the progress and results no one cares. Now, management may make a lot of money in bonuses and cheap options and the occasional financing, but, all the shareholders get is, the shaft, no pun intended. This isn't IBM Bilky, it's a junior mining venture, at some point in time, as a public company, there has to be a reward, or a reason for parking your money here. Juniors have to bring a higher reward because it represents a higher risk. Thirty cents in over a year doesn't cut it.
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