Dangerous and scary
in response to
by
posted on
Feb 02, 2013 11:53PM
Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.
I have never met PS...never talked to him.....couldn't even tell you what he looks like....and frankly, I don't care.
For this company and all others that I am invested in...over 30....I make no attempt whatsoever to make contact with the CEO or IR for that matter....no calls, no letters....
I read the news....am watchful for presentations...even those, I don't always get the time to view....certainly not for all the companies.
Overall, I'm more invested in ROF stocks than anything...yet, not so heavily invested that I would loose my mind over...well, periods like this.
I make over 200 transactions a year....buying or selling...mostly venture stocks. I like gold in general....and more particularily resource stocks....I understand resources more so than say tech stuff or pharma. I believe all resources are in limited supply and there will be many battles for control....company to company...country to country...hedge funds...banks....gov't's....shareholders....lots of politics
I try to follow simple investing rules....like don't put all your eggs in one basket for instance
My wealth is spread far beyond stocks. There are several RRSP accounts...some $$ others manage...some I do....several real estate investments....and working on a good employer's pension. My net worth has increased by a significant amount most of the past several years.
I invest when I like the projects....drilling results....regular updates.....developments....JV's...I look at who is partnering with who....who are making deals...the stucture of the option agreements.....balance sheets....stock portfolios within companies...as well as who is getting paid what....all this I get from news releases and thier websites
Then there's the bull boards.....more like the BS boards...like a soap opera at times...entertaining at the very least
If you start to listen to all the crap and taking stock advise from people here....or making decisions after talking to some salesman....or company rep....or some lawyer....then you're in real trouble.
If you're so heavily invested that you begin to lose your mind cause the CEO won't return your calls.....trouble again....double that
If in desparation you feel the need to team up with a lawyer and try to overthrow the company....I don't know if there's really any hope left at that point
And for those who follow them????? Scary nuts
There sure is alot of hearsay...lots of it....so out of wack, you really can't determine what is true or not. If you try to get them to speak factualy, they go into fighting mode.
They expect us to believe that someone told them something.....which we can't prove or disprove..so we're suppose to take their word for it...cause they bet the farm..and they know lots of people.....and, well... it just gets....unbelievable.
It would be my belief that Peter is more passionate about this company than anyone else could possibly be. I don't even have to meet him to know that. This is his baby. Anyone who is a parent would understand that. It is also apparent in much of what I have read in news releases...deals he's made....ect.
There are literally thousands of stocks you could invest in....in terms of money and time
....but you are here..as am I.....over thousands of others.....cause apparently, you think you have this master plan, that you and your buddies...bull board buddies....and stockbroker buddies...are going to overthrow this management team...and someone will wave this magical wand....and the share price will double...and then higher...with numbers like over $100 per share...some say that's what it's worth...proof again they say of how poor this management is....that we're trading at .12, but their calculations show we could be worth over $100....again....unbelievable
One thing is for sure....it's getting to be a dangerous world when we get so many with more money than brians.
Dangerous....and scary.