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St Andrew Goldfields Ord STADF



OTCPK:STADF - Post by User

Bullboard Posts
Comment by redfoxon Nov 13, 2004 6:16pm
125 Views
Post# 8175213

RE: CBS Marketwarch on Gold ETF's

RE: CBS Marketwarch on Gold ETF'saknahow; the link would not open up, but here are some thoughts: 1. whatever SAS does or not does do is of no interest to anyone but the few shareholders that follow it; 2. all boats rise on a rising tide- yes SAS will get caught on that; 3. SAS's production will have as much of an impact on the POG as I have on the world price of rice by buying a 10 lb bag - ie., not one iota! Its not just about production, but ITS ALL ABOUT PRODUCTION. Everything else is dribble and irrelevant (period). This is now on my danger watch list as it goes down with the rising price of gold. That,alone, is a danger sign. Also seems that some big players got out. Yes to all the naysayers- there were buyers, as there always are, but look at the price. It went down not up. That means to me that someone wanted to sell out big time and not the other way around. Good luck to everyone, but no amount of wishing will make the price move. The price is a reflection of what people value this stock at. Right now there has been a huge premium being paid for production - production that if it has happened has been wnderfully not been released. This scenario is not to my liking. To those that will write and say that I should get out- I thank you in advance for your thoughts, but same them. Management is getting paid good money, money that they pay themselves, to play with our investment. As a shareholder I don't like this situation one bit.
Bullboard Posts