Post by
metalhead666 on Oct 14, 2022 3:35pm
Ok...I'm back in...Half position at .60 US
The damage is done. All the missteps are now sunk costs. The project is permitted and funded. Construction has begun. The feasibility study is imminent and with Berry it should be good read. At this stage of development the project should be priced 50% higher than it is but with all the management blunders and gold falling like a rock it's no surprise that it isn't. This too shall pass. While MOZ isn't my favorite pick it is a good project with compelling financials. You have to step up to the plate at some point and this beating today was good enough to get a small tranche. By late Nov or so tax loss selling will do its worst so I'll pick up the other half of my shares in a few weeks.
The general thesis remains the same...the criminals at the FED are going to destroy the global economy even faster than I first thought. The choice will come down to letting the masses take up pitchforks and torches or resume easy money policy....they will always go the easy money route.
Gold will be explosive when the "pivot" comes and I think that isn't far off. I doubt they make another hike after Dec. Everything should be well and good collapsing by then.
So gimmie a hug for coming back to the clan of Mozinites where I'll resume being a cheerleader for the cause again.
Comment by
theCurse on Oct 14, 2022 8:56pm
"splains" a lot...buying south of the border. i must have missed this before, or i would not have bothered with you to begin with. tC