Post by
threepalms on Apr 25, 2015 11:52am
more than just the price to consider
I have a some money in a large Precious Metal Fund.
At this time although the holdings within this fund are trading in many cases at a fraction of their highs I still wonder if I should swallow my loss and sell.
Presently my loss is around 15% so a turn around in this sector could recover this easily.
The problem is that nobody knows how much longer the powers to be will continue to attack the price of gold and silver.
It is highly probable that a number of miners may not survive or recover from this attack unless the tides turn soon.(likely very few explorers will survive past 2015)
The possible up side to this deal is that Yamana funds an escalated effort to grow theMonument Bay project.
If that happens Glen and the team may be able to enhance the size of this project and the viability of the project.
If I sell now I walk away with a small profit. If I hold on and another bid comes in then maybe I do a little better.
Personally I do not like the offer, however if it leads to something bigger then that is a good thing.
Have not decided what to do but will make my decision a few weeks from now.
This is a small issue in my view in comparison to the mess the world is in both geopolitically and the large debt issue facing most countries.
What happens there may very well impact this industry in a big way.
Good luck everyone whatever you decide.
Comment by
hrattle on Apr 26, 2015 8:04am
You've claimed to be invested in MGP since 2009 - promising never to sell until it hit your target of $8/share. And now you claim to have a small profit. 3P as with every post you have ever made - none of it is believable.