Post by
Diamondboy123 on May 13, 2023 12:26pm
Opportunity cost.
Although some have been in longer, let's take 10 years. Let's say average cost is 1.50 Canadian. That accounts for bottom fishing of say 60 to 70 cents and buying at 2.00 to 2.5 when the juices were flowing like rio buying in . It's 2.24 now. Probably gonna go lower but let's use that as our barometer for todays exercise. We would be up 50 percent. But had we invested in a stock that went up 7 percent on average each year we would have doubled our money today. Now I know there is the bonus of buyout but ask yourselves how much more do we get? What are the odds it doesn't happen(again)? And most importantly how long would it take to happen if it does? That's what frustrates me. Paul and the gang have been paid for over 15 years. Think about that. They've gotten warrants and options andCASHED them out at great profit. Unless I made the money I did trading the ups and downs of this stock over the years I'd be very disappointed. My honest take unfortunately.
Comment by
MetalMinded on May 13, 2023 4:45pm
Think about the money Dale has tied up in this asset. Or what about Fidelity....or... it can and is frustrating but we are not alone. Everyone invested wants the payout and the management team is. It dragging their feet hoping just to collect another paycheck. When this sells, they all get way more than their salary...so they want it sold too.
Comment by
Diamondboy123 on May 13, 2023 6:12pm
Was just stating a fact. There was no inherent bias either way. If I didn't trade this thing I'd be down even though it's at 2.20.
Comment by
Sooner on May 13, 2023 7:10pm
What I would be quite upset about is if the BOD and Paul do not let shareholders vote on whatever offer(s) are given from potential acquirers. I'm not saying that's happened, but I've heard several of you state that the BOD won't even bring forward an offer below x dollars to allow a vote.
Comment by
Sooner on May 14, 2023 5:30pm
I know not the same industry etc...but take a look at Kohls as a good example of bod thinking their company worth more than it's worth. 2 1/2 years ago rejected $60 share. Then 2 years ago rejected $53. Now...trading below $20. Just because our bod thinks we are worth x...doesn't mean we are!!!!
Comment by
MetalMinded on May 14, 2023 9:55am
Understood and my perspective is definitley different because my cost basis is way under $1 making me in the money even at current levels. Just trying to think logically about how much more in the money I could be whenever it happens.