Re: back to the PR (pos/hoov/glori/etc)
in response to
by
posted on
Dec 18, 2010 09:03AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Guess i must be a little dumb , cause i did'nt feel nervous about the SP lately just annoyed by the musak here , i added to my small position by 50% to average down at about the same price you did Glorieux and just sad i did'nt double instead , but just could'nt afford to do that .
Once i filtered the info here all that remained was the incredible amount of assays we are expecting , and the obvious reason for the delay that could only mean the results are to be very positive , so i was ready to average down even more in due time if the price was to get lower in the 20's if that were to happen by the end of the year .
Now i stand a penny below below my average SP and feel very positive about a PP that stands almost 10 cents above my SP .
This is an above average speculative stock , it's a major fact to realise when getting into this kind of play or else it could drive people into a nervous breakdown , it's not the kind of investment you want to be a major part of your portfolio , at least not until we have a better view about the odds of this becoming a mine .
In my view until we get assays the odds are between 10-20% this will be a mine someday . This is something to ponder when deciding how much you want to put into this stock in view of your portfolio , so you can be at ease with the fluctuations the stock will go through .
Even with the oncoming assays the odds will remain the same in my view for quite sometime , until we prove tonnage to be viable for exploitation .
Next time i buy , i now consider i'll be averaging my SP higher and this is good news to me .
Season greetings to all , remain carefull with your investments .
Tec
PS : The numerous posts by those people who went on site were the most important to keep confident about GNH , thank's a lot to you whom i regard as shrewd and serious investors , your posts are most important for us , please keep up the good work , we owe you .