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Horizons Australian Dollar Currency ETF T.ASD



TSX:ASD - Post by User

Comment by billk2on Jan 23, 2005 8:28pm
103 Views
Post# 8475651

RE: My Summary

RE: My SummaryLet me inject a thought here or for that matter a few thoughts,Stocktalk2. Your reality on the price drop is correct, but that is not an indication of gloom and doom. The entire precious metals segment of the equities market has been dismal, to say the least. In comparison ASD has fared no worse than any of the other junior exploration plays. As far as other metals found, this should be taken as a plus instead of challenging the value. The fact that copper and silver were discovered in conjunction with the gold only enhances this project. I agree with you that the news release was poorly written and could have been presented in a more concise fashion, but that does not alter the fact that this is now a poly metallic discovery. Now about this being a shakeout. I also believe that. I do not however, subscribe to the notion of a conspiracy, and as you put it the "powers that be decide there are people out there that should get out of the stock because it's too good for the current shareholder to own, so, we should shake them out." I believe that investors were expecting a repeat of the first hole or better, and when that did not materialize they sold. I have no problem with that. If you are a long term investor as you have said on many occasions this should not concern you either. These are the first 8 holes in an exploratory project and they were good ones. Every hole was mineralized and i believe economic, if the tonnage is there. I am not going to respond to what you said about Mike, except that he is instrumental in having brought ASD so far along, and I believe without him the company would be just another junior scrounging for cash. In ending this reply to your post I can find no better statement then your own words and I quote. "It's my opinion, those who have sold, and are selling, will regret not staying with this project."
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