RE:RE:An opinion onlyWith all due respect Erin I have been investing in Junior Golds since the early eighties. So I have seen many ups and downs. During these years I have had some huge wins but I have also had some huge losses. You may not like my questions on this board but I have learned over the years never to put the rose colored glasses on. I have always been respectful of the team at Westhaven as they are honest hard working and have a project that I believe in. However I am of the opinion that one must watch for the point where dilution begins to reduce value as it relates to the share price. Every Junior I buy I establish a fair price level and a deeply discounted level. Up until recently the deeply discounted level has been forty cents and my position currently averages .41. After listening to Goldfinger I have concluded that the deeply discounted share price must be reduced to the low thirty cent range and that .40 is actually fair value. So if the oportunity arises where i can double up my position in the low thirties I will.
The great thing about these boards is you get exposure to others opinions and it is up to you to develop your own investment game plan. When you mention high insider ownership and relate it to alignment with investors you must also consider how much of that inside position is founder shares between .01 and .05 per share. You see if the average investor is paying .50 and the insider ownership has a cost base of .05 there is no alignment. Its not that I think the founder is not deserving its just not a great reason for buying with comfort. In the early days I learned this lesson more than once. Lets hope that the WHN team can get a handle on a reasonable model as success on 3 holes out of 21 makes for very expensive exploration. GLTA