All of us that have been here the last three years are hurting in a serious way. did we hold our shares thru the top because DM kept buying right up to $2.64, or, because Stiffel kept buying to $2.74.. If they were fooled into thinking they could profit from those levels, how could we be faulted for thinking it too.
The pain I'm seeing in the posts from CG and other people, I happen to hold in high regard, is overwhelming. you're not alone. we all missed the first opportunity, I'm not missing the second by giving away my shares now. the metal is still in the ground.. people, who know what they're talking about, keep predicting copper shortages in 2017-2018 due to existing mine depletion. it will take 5 years to get Shaft into production when you consider the road isn't in yet. if Teck wants a paying partner to share development costs, we have to be bought out in the forseable future.
Let's look at the clues.. none of the insiders can cash out without a sale..Cuu just reported, they have enough cash for the next 2-3 years.. If CUU didn't think an exit was in sight, would they have given us 11 million dollars. any other junior would kill to have that money in the current environment, if only to pick up sale priced assets.. Teck is holding our Liard shares in "trust". what in hell is that all about. have you ever seen another co. do that.
our current bid is .55, if we only get 1.60 in two years, it's 100% per year for each of those years. if it was $2.15 it would be 150% for each year.. use any reasonable figures you want, it will amount to a teriffic return for each of the next 2-3 years, and in a resource we understand.
So my advice is, forget about what you paid for your shares, you can't change that. concentrate on what your return will be from this point on. then ask yourself, is there another opportunity, in a comany you know as well as you know this one, that has better potential. if anyone knows of one, they should consider switching. lately, every other buy I've made has lost money..I'm sticking with the devil I know.......chunky
